-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Bmd812QssVOpManD3RMUwds03bgkNNT0kfpb8JpHjESTdnDBs8ya4T0aMZYei0iQ XkTKJwQlVnnwv6IGHVkfBw== 0001056404-03-001817.txt : 20031006 0001056404-03-001817.hdr.sgml : 20031006 20031006145152 ACCESSION NUMBER: 0001056404-03-001817 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030925 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031006 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2003 HS1 CENTRAL INDEX KEY: 0001260773 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-45458-10 FILM NUMBER: 03929606 BUSINESS ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 7043651362 MAIL ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 8-K 1 ace03hs1.txt SEPTEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 25, 2003 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2003-HS1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-45458-10 54-2123746 Pooling and Servicing Agreement) (Commission 54-2123747 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On September 25, 2003 a distribution was made to holders of ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2003-HS1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2003-HS1 Trust, relating to the September 25, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2003-HS1 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/1/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2003-HS1 Trust, relating to the September 25, 2003 distribution. EX-99.1
ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 ACE Series: 2003-HS1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 004421CD3 SEN 1.46000% 284,089,000.00 426,291.32 6,707,007.15 A-2A 004421CE1 SEN 1.48000% 24,749,000.00 37,645.98 587,157.44 A-2B 004421CM3 SEN 1.40000% 35,000,000.00 50,361.11 830,357.20 M-1 004421CF8 SUB 1.86000% 22,446,000.00 42,909.27 0.00 M-2 004421CG6 SUB 2.86000% 20,406,000.00 59,982.30 0.00 M-3 004421CH4 SUB 3.61000% 4,081,000.00 15,141.64 0.00 M-4 004421CJ0 SUB 4.86000% 4,081,000.00 20,384.59 0.00 M-5 004421CK7 SUB 5.11000% 2,040,000.00 10,713.97 0.00 M-6 004421CL5 SUB 5.11000% 4,081,000.00 21,433.19 0.00 CE ACE03HS1E SEN 0.00000% 7,142,785.13 1,841,240.01 0.00 P ACE03HS1P SEN 0.00000% 0.00 124,376.24 0.00 R ACE03HS11 SEN 0.00000% 0.00 0.00 0.00 Totals 408,115,785.13 2,650,479.62 8,124,521.79
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 277,381,992.85 7,133,298.47 0.00 A-2A 0.00 24,161,842.56 624,803.42 0.00 A-2B 0.00 34,169,642.80 880,718.31 0.00 M-1 0.00 22,446,000.00 42,909.27 0.00 M-2 0.00 20,406,000.00 59,982.30 0.00 M-3 0.00 4,081,000.00 15,141.64 0.00 M-4 0.00 4,081,000.00 20,384.59 0.00 M-5 0.00 2,040,000.00 10,713.97 0.00 M-6 0.00 4,081,000.00 21,433.19 0.00 CE 0.00 7,142,785.00 1,841,240.01 0.00 P 0.00 0.00 124,376.24 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 399,991,263.21 10,775,001.41 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 284,089,000.00 284,089,000.00 0.00 6,707,007.15 0.00 0.00 A-2A 24,749,000.00 24,749,000.00 0.00 587,157.44 0.00 0.00 A-2B 35,000,000.00 35,000,000.00 0.00 830,357.20 0.00 0.00 M-1 22,446,000.00 22,446,000.00 0.00 0.00 0.00 0.00 M-2 20,406,000.00 20,406,000.00 0.00 0.00 0.00 0.00 M-3 4,081,000.00 4,081,000.00 0.00 0.00 0.00 0.00 M-4 4,081,000.00 4,081,000.00 0.00 0.00 0.00 0.00 M-5 2,040,000.00 2,040,000.00 0.00 0.00 0.00 0.00 M-6 4,081,000.00 4,081,000.00 0.00 0.00 0.00 0.00 CE 7,142,785.13 7,142,785.13 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 408,115,785.13 408,115,785.13 0.00 8,124,521.79 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 6,707,007.15 277,381,992.85 0.97639118 6,707,007.15 A-2A 587,157.44 24,161,842.56 0.97627551 587,157.44 A-2B 830,357.20 34,169,642.80 0.97627551 830,357.20 M-1 0.00 22,446,000.00 1.00000000 0.00 M-2 0.00 20,406,000.00 1.00000000 0.00 M-3 0.00 4,081,000.00 1.00000000 0.00 M-4 0.00 4,081,000.00 1.00000000 0.00 M-5 0.00 2,040,000.00 1.00000000 0.00 M-6 0.00 4,081,000.00 1.00000000 0.00 CE 0.00 7,142,785.00 0.99999998 0.00 P 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 8,124,521.79 399,991,263.21 0.98009261 8,124,521.79
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 284,089,000.00 1000.00000000 0.00000000 23.60882382 0.00000000 A-2A 24,749,000.00 1000.00000000 0.00000000 23.72449149 0.00000000 A-2B 35,000,000.00 1000.00000000 0.00000000 23.72449143 0.00000000 M-1 22,446,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 20,406,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 4,081,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 4,081,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 2,040,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 4,081,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 7,142,785.13 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 23.60882382 976.39117618 0.97639118 23.60882382 A-2A 0.00000000 23.72449149 976.27550851 0.97627551 23.72449149 A-2B 0.00000000 23.72449143 976.27550857 0.97627551 23.72449143 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.99998180 0.99999998 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 284,089,000.00 1.46000% 284,089,000.00 426,291.33 0.00 0.00 A-2A 24,749,000.00 1.48000% 24,749,000.00 37,645.98 0.00 0.00 A-2B 35,000,000.00 1.40000% 35,000,000.00 50,361.11 0.00 0.00 M-1 22,446,000.00 1.86000% 22,446,000.00 42,909.27 0.00 0.00 M-2 20,406,000.00 2.86000% 20,406,000.00 59,982.30 0.00 0.00 M-3 4,081,000.00 3.61000% 4,081,000.00 15,141.64 0.00 0.00 M-4 4,081,000.00 4.86000% 4,081,000.00 20,384.60 0.00 0.00 M-5 2,040,000.00 5.11000% 2,040,000.00 10,713.97 0.00 0.00 M-6 4,081,000.00 5.11000% 4,081,000.00 21,433.19 0.00 0.00 CE 7,142,785.13 0.00000% 7,142,785.13 1,841,240.01 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 408,115,785.13 2,526,103.40 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.01 0.00 426,291.32 0.00 277,381,992.85 A-2A 0.00 0.00 37,645.98 0.00 24,161,842.56 A-2B 0.00 0.00 50,361.11 0.00 34,169,642.80 M-1 0.00 0.00 42,909.27 0.00 22,446,000.00 M-2 0.00 0.00 59,982.30 0.00 20,406,000.00 M-3 0.00 0.00 15,141.64 0.00 4,081,000.00 M-4 0.00 0.00 20,384.59 0.00 4,081,000.00 M-5 0.00 0.00 10,713.97 0.00 2,040,000.00 M-6 0.00 0.00 21,433.19 0.00 4,081,000.00 CE 0.00 0.00 1,841,240.01 0.00 7,142,785.00 P 0.00 0.00 124,376.24 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 Totals 0.01 0.00 2,650,479.62 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 284,089,000.00 1.46000% 1000.00000000 1.50055557 0.00000000 0.00000000 A-2A 24,749,000.00 1.48000% 1000.00000000 1.52111116 0.00000000 0.00000000 A-2B 35,000,000.00 1.40000% 1000.00000000 1.43888886 0.00000000 0.00000000 M-1 22,446,000.00 1.86000% 1000.00000000 1.91166667 0.00000000 0.00000000 M-2 20,406,000.00 2.86000% 1000.00000000 2.93944428 0.00000000 0.00000000 M-3 4,081,000.00 3.61000% 1000.00000000 3.71027689 0.00000000 0.00000000 M-4 4,081,000.00 4.86000% 1000.00000000 4.99500123 0.00000000 0.00000000 M-5 2,040,000.00 5.11000% 1000.00000000 5.25194608 0.00000000 0.00000000 M-6 4,081,000.00 5.11000% 1000.00000000 5.25194560 0.00000000 0.00000000 CE 7,142,785.13 0.00000% 1000.00000000 257.77620025 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000004 0.00000000 1.50055553 0.00000000 976.39117618 A-2A 0.00000000 0.00000000 1.52111116 0.00000000 976.27550851 A-2B 0.00000000 0.00000000 1.43888886 0.00000000 976.27550857 M-1 0.00000000 0.00000000 1.91166667 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.93944428 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.71027689 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 4.99499877 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 5.25194608 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 5.25194560 0.00000000 1000.00000000 CE 0.00000000 0.00000000 257.77620025 0.00000000 999.99998180 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 10,974,074.99 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 83,325.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 124,376.24 Total Deposits 11,181,776.23 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 406,774.82 Payment of Interest and Principal 10,775,001.41 Total Withdrawals (Pool Distribution Amount) 11,181,776.23 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 170,048.21 Credit Risk Manager Fee - Murrayhill 5,101.48 Master Servicing Fee - Wells Fargo 5,951.64 MBIA Class A-2B 3,208.33 MGIC 222,465.16 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 406,774.82
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 67 0 0 0 67 6,913,243.86 0.00 0.00 0.00 6,913,243.86 60 Days 30 0 0 0 30 3,296,885.63 0.00 0.00 0.00 3,296,885.63 90 Days 3 0 0 0 3 512,219.87 0.00 0.00 0.00 512,219.87 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 100 0 0 0 100 10,722,349.36 0.00 0.00 0.00 10,722,349.36 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.098340% 0.000000% 0.000000% 0.000000% 2.098340% 1.727153% 0.000000% 0.000000% 0.000000% 1.727153% 60 Days 0.939555% 0.000000% 0.000000% 0.000000% 0.939555% 0.823669% 0.000000% 0.000000% 0.000000% 0.823669% 90 Days 0.093956% 0.000000% 0.000000% 0.000000% 0.093956% 0.127969% 0.000000% 0.000000% 0.000000% 0.127969% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.131851% 0.000000% 0.000000% 0.000000% 3.131851% 2.678791% 0.000000% 0.000000% 0.000000% 2.678791%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total GRP I, Sub Grp 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 19 0 0 0 19 1,477,878.32 0.00 0.00 0.00 1,477,878.32 60 Days 7 0 0 0 7 487,351.79 0.00 0.00 0.00 487,351.79 90 Days 1 0 0 0 1 71,854.16 0.00 0.00 0.00 71,854.16 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 27 0 0 0 27 2,037,084.27 0.00 0.00 0.00 2,037,084.27 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.000000% 0.000000% 0.000000% 0.000000% 2.000000% 1.682136% 0.000000% 0.000000% 0.000000% 1.682136% 60 Days 0.736842% 0.000000% 0.000000% 0.000000% 0.736842% 0.554709% 0.000000% 0.000000% 0.000000% 0.554709% 90 Days 0.105263% 0.000000% 0.000000% 0.000000% 0.105263% 0.081785% 0.000000% 0.000000% 0.000000% 0.081785% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.842105% 0.000000% 0.000000% 0.000000% 2.842105% 2.318630% 0.000000% 0.000000% 0.000000% 2.318630% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GRP I, Sub Grp 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 42 0 0 0 42 4,154,318.51 0.00 0.00 0.00 4,154,318.51 60 Days 19 0 0 0 19 2,054,873.34 0.00 0.00 0.00 2,054,873.34 90 Days 2 0 0 0 2 440,365.71 0.00 0.00 0.00 440,365.71 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 63 0 0 0 63 6,649,557.56 0.00 0.00 0.00 6,649,557.56 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.189781% 0.000000% 0.000000% 0.000000% 2.189781% 1.710591% 0.000000% 0.000000% 0.000000% 1.710591% 60 Days 0.990615% 0.000000% 0.000000% 0.000000% 0.990615% 0.846119% 0.000000% 0.000000% 0.000000% 0.846119% 90 Days 0.104275% 0.000000% 0.000000% 0.000000% 0.104275% 0.181326% 0.000000% 0.000000% 0.000000% 0.181326% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.284672% 0.000000% 0.000000% 0.000000% 3.284672% 2.738036% 0.000000% 0.000000% 0.000000% 2.738036% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GRP II, Sub Grp 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3 0 0 0 3 521,441.19 0.00 0.00 0.00 521,441.19 60 Days 3 0 0 0 3 430,942.00 0.00 0.00 0.00 430,942.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 6 0 0 0 6 952,383.19 0.00 0.00 0.00 952,383.19 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.803738% 0.000000% 0.000000% 0.000000% 2.803738% 2.811666% 0.000000% 0.000000% 0.000000% 2.811666% 60 Days 2.803738% 0.000000% 0.000000% 0.000000% 2.803738% 2.323684% 0.000000% 0.000000% 0.000000% 2.323684% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 5.607477% 0.000000% 0.000000% 0.000000% 5.607477% 5.135350% 0.000000% 0.000000% 0.000000% 5.135350% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GRP II, Sub Grp 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3 0 0 0 3 759,605.84 0.00 0.00 0.00 759,605.84 60 Days 1 0 0 0 1 323,718.50 0.00 0.00 0.00 323,718.50 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4 0 0 0 4 1,083,324.34 0.00 0.00 0.00 1,083,324.34 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.376147% 0.000000% 0.000000% 0.000000% 1.376147% 1.489227% 0.000000% 0.000000% 0.000000% 1.489227% 60 Days 0.458716% 0.000000% 0.000000% 0.000000% 0.458716% 0.634659% 0.000000% 0.000000% 0.000000% 0.634659% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.834862% 0.000000% 0.000000% 0.000000% 1.834862% 2.123886% 0.000000% 0.000000% 0.000000% 2.123886%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 83,325.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.623665% Weighted Average Net Coupon 8.123665% Weighted Average Pass-Through Rate 7.437041% Weighted Average Maturity(Stepdown Calculation ) 342 Beginning Scheduled Collateral Loan Count 3,239 Number Of Loans Paid In Full 46 Ending Scheduled Collateral Loan Count 3,193 Beginning Scheduled Collateral Balance 408,115,785.13 Ending Scheduled Collateral Balance 399,991,263.21 Ending Actual Collateral Balance at 31-Aug-2003 400,268,271.52 Monthly P &I Constant 3,207,390.00 Special Servicing Fee 0.00 Prepayment Penalties 124,376.24 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 399,991,263.21 Scheduled Principal 274,511.89 Unscheduled Principal 7,850,010.03 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.13 Specified O/C Amount 7,142,785.00 Overcollateralized Amount 7,142,785.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 8.623665% Weighted Average Net Rate 8.123665% Weighted Average Pass Through Rate 7.437041% Weighted Average Maturity 342 Record Date 08/31/2003 Principal and Interest Constant 3,207,390.00 Beginning Loan Count 3,239 Loans Paid in Full 46 Ending Loan Count 3,193 Beginning Scheduled Balance 408,115,785.13 Ending Scheduled Balance 399,991,263.21 Ending Actual Balance at 31-Aug-2003 400,268,271.52 Scheduled Principal 274,511.89 Unscheduled Principal 7,850,010.03 Scheduled Interest 2,932,878.11 Servicing Fee 170,048.21 Master Servicing Fee 5,951.64 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 227,566.64 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,529,311.62 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Special Servicing Fee 0.00 Prepayment Penalties 124,376.24 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.13 Specified O/C Amount 7,142,785.00 Overcollateralized Amount 7,142,785.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00
Group Level Collateral Statement Group GRP I, Sub Grp 1 GRP I, Sub Grp 2 GRP II, Sub Grp 1 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 8.737205 8.649208 8.443981 Weighted Average Net Rate 8.237205 8.149208 7.943981 Weighted Average Maturity 306 353 321 Beginning Loan Count 953 1,957 109 Loans Paid In Full 3 39 2 Ending Loan Count 950 1,918 107 Beginning Scheduled Balance 88,118,511.16 249,078,998.24 19,148,910.81 Ending scheduled Balance 87,788,733.50 242,701,768.64 18,531,228.98 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 710,607.79 1,953,089.31 147,909.48 Scheduled Principal 69,016.52 157,809.20 13,165.28 Unscheduled Principal 260,761.14 6,219,420.40 604,516.55 Scheduled Interest 641,591.27 1,795,280.11 134,744.20 Servicing Fees 36,716.04 103,782.90 7,978.71 Master Servicing Fees 1,285.03 3,632.39 279.25 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 52,623.32 137,408.24 11,882.76 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 550,966.88 1,550,456.58 114,603.48 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.503080 7.469710 7.181828
Group Level Collateral Statement Group GRP II, Sub Grp 2 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.373969 8.623665 Weighted Average Net Rate 7.873969 8.123665 Weighted Average Maturity 353 342 Beginning Loan Count 220 3,239 Loans Paid In Full 2 46 Ending Loan Count 218 3,193 Beginning Scheduled Balance 51,769,364.92 408,115,785.13 Ending scheduled Balance 50,969,532.09 399,991,263.21 Record Date 08/31/2003 08/31/2003 Principal And Interest Constant 395,783.42 3,207,390.00 Scheduled Principal 34,520.89 274,511.89 Unscheduled Principal 765,311.94 7,850,010.03 Scheduled Interest 361,262.53 2,932,878.11 Servicing Fees 21,570.56 170,048.21 Master Servicing Fees 754.97 5,951.64 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 25,652.32 227,566.64 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 313,284.68 2,529,311.62 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 7.261855 7.437041
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