-----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, Hu6gU26QeQT9gpmmEqkiJ2sIymToGeZ1Vdlzkw24LPb59qMx/DpPvCCmXnSH/uVD eptXh1tk78/RUUknqjZpNw== 0001056404-04-000147.txt : 20040109 0001056404-04-000147.hdr.sgml : 20040109 20040109085237 ACCESSION NUMBER: 0001056404-04-000147 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031225 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040109 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: 04516606 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 DECEMBER 8-K 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): December 26, 2003 ACE SECURITIES CORP. 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 December 26, 2003 a distribution was made to holders of ACE SECURITIES CORP., 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 December 26, 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. 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: 1/7/04 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 December 26, 2003 distribution. EX-99.1
ACE Securities Corporation Asset-Backed Pass-Through Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 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 1.46875% 261,966,009.07 331,323.33 6,513,857.91 A-2A 004421CE1 SEN 1.48875% 22,431,231.16 28,756.37 681,832.19 A-2B 004421CM3 SEN 1.40875% 31,722,214.66 38,481.91 964,246.09 M-1 004421CF8 SUB 1.86875% 22,446,000.00 36,120.13 0.00 M-2 004421CG6 SUB 2.86875% 20,406,000.00 50,409.20 0.00 M-3 004421CH4 SUB 3.61875% 4,081,000.00 12,716.99 0.00 M-4 004421CJ0 SUB 4.86875% 4,081,000.00 17,109.73 0.00 M-5 004421CK7 SUB 5.11875% 2,040,000.00 8,991.94 0.00 M-6 004421CL5 SUB 5.11875% 4,081,000.00 17,988.28 0.00 CE ACE03HS1E SEN 0.00000% 7,142,685.00 1,812,515.78 0.00 P ACE03HS1P SEN 0.00000% 100.00 153,740.43 0.00 R ACE03HS11 SEN 0.00000% 0.00 0.00 0.00 Totals 380,397,239.89 2,508,154.09 8,159,936.19
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 255,452,151.16 6,845,181.24 0.00 A-2A 0.00 21,749,398.97 710,588.56 0.00 A-2B 0.00 30,757,968.56 1,002,728.00 0.00 M-1 0.00 22,446,000.00 36,120.13 0.00 M-2 0.00 20,406,000.00 50,409.20 0.00 M-3 0.00 4,081,000.00 12,716.99 0.00 M-4 0.00 4,081,000.00 17,109.73 0.00 M-5 0.00 2,040,000.00 8,991.94 0.00 M-6 0.00 4,081,000.00 17,988.28 0.00 CE 0.00 7,142,685.00 1,812,515.78 0.00 P 0.00 100.00 153,740.43 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 372,237,303.69 10,668,090.28 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-1 284,089,000.00 261,966,009.07 0.00 6,513,857.91 0.00 0.00 A-2A 24,749,000.00 22,431,231.16 0.00 681,832.19 0.00 0.00 A-2B 35,000,000.00 31,722,214.66 0.00 964,246.09 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 7,142,685.13 7,142,685.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 408,115,785.13 380,397,239.89 0.00 8,159,936.19 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 6,513,857.91 255,452,151.16 0.89919761 6,513,857.91 A-2A 681,832.19 21,749,398.97 0.87879910 681,832.19 A-2B 964,246.09 30,757,968.56 0.87879910 964,246.09 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 7,142,685.00 0.99999998 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 8,159,936.19 372,237,303.69 0.91208749 8,159,936.19
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 284,089,000.00 922.12654862 0.00000000 22.92893393 0.00000000 A-2A 24,749,000.00 906.34899026 0.00000000 27.54988848 0.00000000 A-2B 35,000,000.00 906.34899029 0.00000000 27.54988829 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 7,142,685.13 999.99998180 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 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 22.92893393 899.19761469 0.89919761 22.92893393 A-2A 0.00000000 27.54988848 878.79910178 0.87879910 27.54988848 A-2B 0.00000000 27.54988829 878.79910171 0.87879910 27.54988829 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 1,000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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 1.46875% 261,966,009.07 331,323.33 0.00 0.00 A-2A 24,749,000.00 1.48875% 22,431,231.16 28,756.37 0.00 0.00 A-2B 35,000,000.00 1.40875% 31,722,214.66 38,481.91 0.00 0.00 M-1 22,446,000.00 1.86875% 22,446,000.00 36,120.13 0.00 0.00 M-2 20,406,000.00 2.86875% 20,406,000.00 50,409.20 0.00 0.00 M-3 4,081,000.00 3.61875% 4,081,000.00 12,716.99 0.00 0.00 M-4 4,081,000.00 4.86875% 4,081,000.00 17,109.73 0.00 0.00 M-5 2,040,000.00 5.11875% 2,040,000.00 8,991.94 0.00 0.00 M-6 4,081,000.00 5.11875% 4,081,000.00 17,988.28 0.00 0.00 CE 7,142,685.13 0.00000% 7,142,685.00 0.00 0.00 0.00 P 100.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 408,115,785.13 541,897.88 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 0.00 0.00 331,323.33 0.00 255,452,151.16 A-2A 0.00 0.00 28,756.37 0.00 21,749,398.97 A-2B 0.00 0.00 38,481.91 0.00 30,757,968.56 M-1 0.00 0.00 36,120.13 0.00 22,446,000.00 M-2 0.00 0.00 50,409.20 0.00 20,406,000.00 M-3 0.00 0.00 12,716.99 0.00 4,081,000.00 M-4 0.00 0.00 17,109.73 0.00 4,081,000.00 M-5 0.00 0.00 8,991.94 0.00 2,040,000.00 M-6 0.00 0.00 17,988.28 0.00 4,081,000.00 CE 0.00 0.00 1,812,515.78 0.00 7,142,685.00 P 0.00 0.00 153,740.43 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,508,154.09 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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 1.46875% 922.12654862 1.16626596 0.00000000 0.00000000 A-2A 24,749,000.00 1.48875% 906.34899026 1.16192048 0.00000000 0.00000000 A-2B 35,000,000.00 1.40875% 906.34899029 1.09948314 0.00000000 0.00000000 M-1 22,446,000.00 1.86875% 1000.00000000 1.60920119 0.00000000 0.00000000 M-2 20,406,000.00 2.86875% 1000.00000000 2.47031265 0.00000000 0.00000000 M-3 4,081,000.00 3.61875% 1000.00000000 3.11614555 0.00000000 0.00000000 M-4 4,081,000.00 4.86875% 1000.00000000 4.19253369 0.00000000 0.00000000 M-5 2,040,000.00 5.11875% 1000.00000000 4.40781373 0.00000000 0.00000000 M-6 4,081,000.00 5.11875% 1000.00000000 4.40781181 0.00000000 0.00000000 CE 7,142,685.13 0.00000% 999.99998180 0.00000000 0.00000000 0.00000000 P 100.00 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 0.00000000 0.00000000 1.16626596 0.00000000 899.19761469 A-2A 0.00000000 0.00000000 1.16192048 0.00000000 878.79910178 A-2B 0.00000000 0.00000000 1.09948314 0.00000000 878.79910171 M-1 0.00000000 0.00000000 1.60920119 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.47031265 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.11614555 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 4.19253369 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 4.40781373 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.40781181 0.00000000 1000.00000000 CE 0.00000000 0.00000000 253.75832016 0.00000000 999.99998180 P 0.00000000 0.00000000 1537404.30000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,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 10,858,504.89 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 180,540.34 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 153,740.43 Total Deposits 11,192,785.66 Withdrawals Reimbursement for Servicer Advances 146,203.17 Payment of Service Fee 378,492.21 Payment of Interest and Principal 10,668,090.28 Total Withdrawals (Pool Distribution Amount) 11,192,785.66 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 158,498.89 Credit Risk Manager Fee - Murrayhill 4,754.95 Master Servicing Fee - Wells Fargo 5,547.50 MBIA Class A-2B 2,907.87 MGIC 206,783.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 378,492.21
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 101 0 0 0 101 12,011,562.46 0.00 0.00 0.00 12,011,562.46 60 Days 36 0 0 0 36 4,548,829.18 0.00 0.00 0.00 4,548,829.18 90 Days 26 0 0 0 26 2,847,401.15 0.00 0.00 0.00 2,847,401.15 120 Days 24 0 0 0 24 2,353,291.74 0.00 0.00 0.00 2,353,291.74 150 Days 18 0 0 0 18 1,900,872.19 0.00 0.00 0.00 1,900,872.19 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 205 0 0 0 205 23,661,956.72 0.00 0.00 0.00 23,661,956.72 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 3.351029% 0.000000% 0.000000% 0.000000% 3.351029% 3.224305% 0.000000% 0.000000% 0.000000% 3.224305% 60 Days 1.194426% 0.000000% 0.000000% 0.000000% 1.194426% 1.221058% 0.000000% 0.000000% 0.000000% 1.221058% 90 Days 0.862641% 0.000000% 0.000000% 0.000000% 0.862641% 0.764338% 0.000000% 0.000000% 0.000000% 0.764338% 120 Days 0.796284% 0.000000% 0.000000% 0.000000% 0.796284% 0.631702% 0.000000% 0.000000% 0.000000% 0.631702% 150 Days 0.597213% 0.000000% 0.000000% 0.000000% 0.597213% 0.510258% 0.000000% 0.000000% 0.000000% 0.510258% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 6.801593% 0.000000% 0.000000% 0.000000% 6.801593% 6.351660% 0.000000% 0.000000% 0.000000% 6.351660%
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 27 0 0 0 27 2,269,769.91 0.00 0.00 0.00 2,269,769.91 60 Days 8 0 0 0 8 688,959.09 0.00 0.00 0.00 688,959.09 90 Days 9 0 0 0 9 795,398.96 0.00 0.00 0.00 795,398.96 120 Days 6 0 0 0 6 421,455.76 0.00 0.00 0.00 421,455.76 150 Days 4 0 0 0 4 285,527.12 0.00 0.00 0.00 285,527.12 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 54 0 0 0 54 4,461,110.84 0.00 0.00 0.00 4,461,110.84 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.950820% 0.000000% 0.000000% 0.000000% 2.950820% 2.702256% 0.000000% 0.000000% 0.000000% 2.702256% 60 Days 0.874317% 0.000000% 0.000000% 0.000000% 0.874317% 0.820234% 0.000000% 0.000000% 0.000000% 0.820234% 90 Days 0.983607% 0.000000% 0.000000% 0.000000% 0.983607% 0.946956% 0.000000% 0.000000% 0.000000% 0.946956% 120 Days 0.655738% 0.000000% 0.000000% 0.000000% 0.655738% 0.501761% 0.000000% 0.000000% 0.000000% 0.501761% 150 Days 0.437158% 0.000000% 0.000000% 0.000000% 0.437158% 0.339932% 0.000000% 0.000000% 0.000000% 0.339932% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 5.901639% 0.000000% 0.000000% 0.000000% 5.901639% 5.311138% 0.000000% 0.000000% 0.000000% 5.311138% 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 66 0 0 0 66 7,196,123.05 0.00 0.00 0.00 7,196,123.05 60 Days 22 0 0 0 22 2,853,541.93 0.00 0.00 0.00 2,853,541.93 90 Days 13 0 0 0 13 1,467,706.34 0.00 0.00 0.00 1,467,706.34 120 Days 15 0 0 0 15 1,278,556.79 0.00 0.00 0.00 1,278,556.79 150 Days 11 0 0 0 11 1,098,571.52 0.00 0.00 0.00 1,098,571.52 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 127 0 0 0 127 13,894,499.63 0.00 0.00 0.00 13,894,499.63 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.672788% 0.000000% 0.000000% 0.000000% 3.672788% 3.201034% 0.000000% 0.000000% 0.000000% 3.201034% 60 Days 1.224263% 0.000000% 0.000000% 0.000000% 1.224263% 1.269334% 0.000000% 0.000000% 0.000000% 1.269334% 90 Days 0.723428% 0.000000% 0.000000% 0.000000% 0.723428% 0.652876% 0.000000% 0.000000% 0.000000% 0.652876% 120 Days 0.834725% 0.000000% 0.000000% 0.000000% 0.834725% 0.568737% 0.000000% 0.000000% 0.000000% 0.568737% 150 Days 0.612131% 0.000000% 0.000000% 0.000000% 0.612131% 0.488675% 0.000000% 0.000000% 0.000000% 0.488675% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 7.067334% 0.000000% 0.000000% 0.000000% 7.067334% 6.180656% 0.000000% 0.000000% 0.000000% 6.180656% 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 1,028,225.84 0.00 0.00 0.00 1,028,225.84 60 Days 3 0 0 0 3 365,759.54 0.00 0.00 0.00 365,759.54 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 2 0 0 0 2 325,625.79 0.00 0.00 0.00 325,625.79 150 Days 2 0 0 0 2 193,055.05 0.00 0.00 0.00 193,055.05 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 0 0 0 10 1,912,666.22 0.00 0.00 0.00 1,912,666.22 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.970297% 0.000000% 0.000000% 0.000000% 2.970297% 5.817254% 0.000000% 0.000000% 0.000000% 5.817254% 60 Days 2.970297% 0.000000% 0.000000% 0.000000% 2.970297% 2.069308% 0.000000% 0.000000% 0.000000% 2.069308% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 1.980198% 0.000000% 0.000000% 0.000000% 1.980198% 1.842249% 0.000000% 0.000000% 0.000000% 1.842249% 150 Days 1.980198% 0.000000% 0.000000% 0.000000% 1.980198% 1.092221% 0.000000% 0.000000% 0.000000% 1.092221% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 9.900990% 0.000000% 0.000000% 0.000000% 9.900990% 10.821032% 0.000000% 0.000000% 0.000000% 10.821032% 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 5 0 0 0 5 1,517,443.66 0.00 0.00 0.00 1,517,443.66 60 Days 3 0 0 0 3 640,568.62 0.00 0.00 0.00 640,568.62 90 Days 4 0 0 0 4 584,295.85 0.00 0.00 0.00 584,295.85 120 Days 1 0 0 0 1 327,653.40 0.00 0.00 0.00 327,653.40 150 Days 1 0 0 0 1 323,718.50 0.00 0.00 0.00 323,718.50 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 14 0 0 0 14 3,393,680.03 0.00 0.00 0.00 3,393,680.03 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.487562% 0.000000% 0.000000% 0.000000% 2.487562% 3.294867% 0.000000% 0.000000% 0.000000% 3.294867% 60 Days 1.492537% 0.000000% 0.000000% 0.000000% 1.492537% 1.390884% 0.000000% 0.000000% 0.000000% 1.390884% 90 Days 1.990050% 0.000000% 0.000000% 0.000000% 1.990050% 1.268698% 0.000000% 0.000000% 0.000000% 1.268698% 120 Days 0.497512% 0.000000% 0.000000% 0.000000% 0.497512% 0.711443% 0.000000% 0.000000% 0.000000% 0.711443% 150 Days 0.497512% 0.000000% 0.000000% 0.000000% 0.497512% 0.702899% 0.000000% 0.000000% 0.000000% 0.702899% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 6.965174% 0.000000% 0.000000% 0.000000% 6.965174% 7.368791% 0.000000% 0.000000% 0.000000% 7.368791%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 180,540.34
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.621217% Weighted Average Net Coupon 8.121216% Weighted Average Pass-Through Rate 7.436399% Weighted Average Maturity(Stepdown Calculation ) 339 Beginning Scheduled Collateral Loan Count 3,072 Number Of Loans Paid In Full 58 Ending Scheduled Collateral Loan Count 3,014 Beginning Scheduled Collateral Balance 380,397,239.88 Ending Scheduled Collateral Balance 372,237,303.69 Ending Actual Collateral Balance at 30-Nov-2003 372,531,828.63 Monthly P &I Constant 2,994,714.70 Special Servicing Fee 0.00 Prepayment Penalties 153,740.43 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 372,237,303.69 Scheduled Principal 261,808.87 Unscheduled Principal 7,898,127.32 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 7,142,685.00 Overcollateralized Amount 7,142,685.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 8.621217% Weighted Average Net Rate 8.121216% Weighted Average Pass Through Rate 7.436399% Weighted Average Maturity 339 Record Date 11/30/2003 Principal and Interest Constant 2,994,714.70 Beginning Loan Count 3,072 Loans Paid in Full 58 Ending Loan Count 3,014 Beginning Scheduled Balance 380,397,239.88 Ending Scheduled Balance 372,237,303.69 Ending Actual Balance at 30-Nov-2003 372,531,828.63 Scheduled Principal 261,808.87 Unscheduled Principal 7,898,127.32 Scheduled Interest 2,732,905.83 Servicing Fee 158,498.89 Master Servicing Fee 5,547.50 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 211,537.95 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,357,321.49 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties 153,740.43 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 7,142,685.00 Overcollateralized Amount 7,142,685.00 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 8.728382 8.636040 8.448864 Weighted Average Net Rate 8.228382 8.136040 7.948863 Weighted Average Maturity 303 350 318 Beginning Loan Count 927 1,834 105 Loans Paid In Full 12 37 4 Ending Loan Count 915 1,797 101 Beginning Scheduled Balance 85,094,751.67 229,979,766.69 18,180,968.11 Ending scheduled Balance 83,922,343.23 224,638,317.22 17,658,547.71 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 687,730.50 1,803,450.71 140,845.60 Scheduled Principal 68,780.90 148,355.39 12,838.49 Unscheduled Principal 1,103,627.54 5,193,094.08 509,581.91 Scheduled Interest 618,949.60 1,655,095.32 128,007.11 Servicing Fees 35,456.17 95,824.90 7,575.42 Master Servicing Fees 1,240.98 3,353.87 265.16 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 51,531.05 127,911.99 10,723.96 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 530,721.40 1,428,004.56 109,442.57 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.484195 7.451114 7.223547
Group Level Collateral Statement Group GRP II, Sub Grp 2 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.421930 8.621217 Weighted Average Net Rate 7.921930 8.121216 Weighted Average Maturity 350 339 Beginning Loan Count 206 3,072 Loans Paid In Full 5 58 Ending Loan Count 201 3,014 Beginning Scheduled Balance 47,141,753.41 380,397,239.88 Ending scheduled Balance 46,018,095.53 372,237,303.69 Record Date 11/30/2003 11/30/2003 Principal And Interest Constant 362,687.89 2,994,714.70 Scheduled Principal 31,834.09 261,808.87 Unscheduled Principal 1,091,823.79 7,898,127.32 Scheduled Interest 330,853.80 2,732,905.83 Servicing Fees 19,642.40 158,498.89 Master Servicing Fees 687.49 5,547.50 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 21,370.95 211,537.95 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 289,152.96 2,357,321.49 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 7.360430 7.436399
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