-----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, WbdE+SHexh3Cgb4Qf++CUh7FDSSALAj8mKMqGMsHxg56+n2mt+Wqd4YcEk//L1xd 5bWeYc6mXioiRl6oklQzIg== 0001056404-03-001894.txt : 20031010 0001056404-03-001894.hdr.sgml : 20031010 20031010105225 ACCESSION NUMBER: 0001056404-03-001894 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: 20031010 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORT ASSET SEC TRANS MORT PS THR CERTS SER 2003-3 CENTRAL INDEX KEY: 0001261995 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: 333-106982-02 FILM NUMBER: 03936354 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mam03003.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 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-02 54-2123774 Pooling and Servicing Agreement) (Commission 54-2123775 (State or other File Number) 54-2123776 jurisdiction IRS EIN 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 MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2003-3 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 Mortgage Pass-Through Certificates, Series 2003-3 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. MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust By: Wells Fargo Bank Minnesota, N.A., as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/2/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the September 25, 2003 distribution. EX-99.1
Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 MARM Series: 2003-3 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 1-A1 576433DY9 SEN 4.44792% 57,811,000.00 214,282.34 33,501.51 2-A1 576433DZ6 SEN 4.32080% 47,383,000.00 170,610.49 49,355.55 2-AX 576433EA0 SEN 0.30230% 0.00 11,936.57 0.00 3-A1 576433EB8 SEN 4.84420% 72,291,000.00 291,826.44 1,827,911.92 3-A2 576433EC6 SEN 4.84420% 15,061,000.00 60,798.69 0.00 3-A3 576433ED4 SEN 4.84420% 28,615,000.00 115,513.88 0.00 3-A4 576433EE2 SEN 4.62550% 34,639,000.00 133,518.91 0.00 3-AX 576433EF9 SEN 0.21870% 0.00 6,312.82 0.00 4-A1 576433EG7 SEN 4.64312% 33,168,000.00 128,335.80 41,917.37 B-1 576433EJ1 SUB 4.70570% 9,173,000.00 35,971.16 7,122.40 B-2 576433EK8 SUB 4.70570% 2,905,000.00 11,391.72 2,255.60 B-3 576433EL6 SUB 4.70570% 1,988,000.00 7,795.78 1,543.59 B-4 576433EM4 SUB 4.70570% 917,000.00 3,595.94 712.01 B-5 576433EN2 SUB 4.70570% 917,000.00 3,595.94 712.01 B-6 576433EP7 SUB 4.70570% 918,519.00 3,601.90 711.64 AR 576433EH5 SEN 4.44792% 100.00 0.37 100.00 Totals 305,786,619.00 1,199,088.75 1,965,843.60
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 57,777,498.49 247,783.85 0.00 2-A1 0.00 47,333,644.45 219,966.04 0.00 2-AX 0.00 0.00 11,936.57 0.00 3-A1 0.00 70,463,088.08 2,119,738.36 0.00 3-A2 0.00 15,061,000.00 60,798.69 0.00 3-A3 0.00 28,615,000.00 115,513.88 0.00 3-A4 0.00 34,639,000.00 133,518.91 0.00 3-AX 0.00 0.00 6,312.82 0.00 4-A1 0.00 33,126,082.63 170,253.17 0.00 B-1 0.00 9,165,877.60 43,093.56 0.00 B-2 0.00 2,902,744.40 13,647.32 0.00 B-3 0.00 1,986,456.41 9,339.37 0.00 B-4 0.00 916,287.99 4,307.95 0.00 B-5 0.00 916,287.99 4,307.95 0.00 B-6 1.05 917,806.31 4,313.54 1.05 AR 0.00 0.00 100.37 0.00 Totals 1.05 303,820,774.35 3,164,932.35 1.05 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) 1-A1 57,811,000.00 57,811,000.00 30,688.46 2,813.05 0.00 0.00 2-A1 47,383,000.00 47,383,000.00 48,019.12 1,336.43 0.00 0.00 2-AX 0.00 0.00 0.00 0.00 0.00 0.00 3-A1 72,291,000.00 72,291,000.00 106,238.12 1,721,673.80 0.00 0.00 3-A2 15,061,000.00 15,061,000.00 0.00 0.00 0.00 0.00 3-A3 28,615,000.00 28,615,000.00 0.00 0.00 0.00 0.00 3-A4 34,639,000.00 34,639,000.00 0.00 0.00 0.00 0.00 3-AX 0.00 0.00 0.00 0.00 0.00 0.00 4-A1 33,168,000.00 33,168,000.00 39,337.10 2,580.27 0.00 0.00 B-1 9,173,000.00 9,173,000.00 7,122.40 0.00 0.00 0.00 B-2 2,905,000.00 2,905,000.00 2,255.60 0.00 0.00 0.00 B-3 1,988,000.00 1,988,000.00 1,543.59 0.00 0.00 0.00 B-4 917,000.00 917,000.00 712.01 0.00 0.00 0.00 B-5 917,000.00 917,000.00 712.01 0.00 0.00 0.00 B-6 918,519.00 918,519.00 711.64 0.00 0.00 1.05 AR 100.00 100.00 91.60 8.40 0.00 0.00 Totals 305,786,619.00 305,786,619.00 237,431.65 1,728,411.95 0.00 1.05 (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 1-A1 33,501.51 57,777,498.49 0.99942050 33,501.51 2-A1 49,355.55 47,333,644.45 0.99895837 49,355.55 2-AX 0.00 0.00 0.00000000 0.00 3-A1 1,827,911.92 70,463,088.08 0.97471453 1,827,911.92 3-A2 0.00 15,061,000.00 1.00000000 0.00 3-A3 0.00 28,615,000.00 1.00000000 0.00 3-A4 0.00 34,639,000.00 1.00000000 0.00 3-AX 0.00 0.00 0.00000000 0.00 4-A1 41,917.37 33,126,082.63 0.99873621 41,917.37 B-1 7,122.40 9,165,877.60 0.99922355 7,122.40 B-2 2,255.60 2,902,744.40 0.99922355 2,255.60 B-3 1,543.59 1,986,456.41 0.99922355 1,543.59 B-4 712.01 916,287.99 0.99922354 712.01 B-5 712.01 916,287.99 0.99922354 712.01 B-6 712.69 917,806.31 0.99922409 711.64 AR 100.00 0.00 0.00000000 100.00 Totals 1,965,844.65 303,820,774.35 0.99357119 1,965,843.60
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 57,811,000.00 1000.00000000 0.53084119 0.04865942 0.00000000 2-A1 47,383,000.00 1000.00000000 1.01342507 0.02820484 0.00000000 2-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A1 72,291,000.00 1000.00000000 1.46958985 23.81588026 0.00000000 3-A2 15,061,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 3-A3 28,615,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 3-A4 34,639,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 3-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4-A1 33,168,000.00 1000.00000000 1.18599554 0.07779396 0.00000000 B-1 9,173,000.00 1000.00000000 0.77645263 0.00000000 0.00000000 B-2 2,905,000.00 1000.00000000 0.77645439 0.00000000 0.00000000 B-3 1,988,000.00 1000.00000000 0.77645372 0.00000000 0.00000000 B-4 917,000.00 1000.00000000 0.77645583 0.00000000 0.00000000 B-5 917,000.00 1000.00000000 0.77645583 0.00000000 0.00000000 B-6 918,519.00 1000.00000000 0.77476895 0.00000000 0.00000000 AR 100.00 1000.00000000 916.00000000 84.00000000 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 1-A1 0.00000000 0.57950061 999.42049939 0.99942050 0.57950061 2-A1 0.00000000 1.04162991 998.95837009 0.99895837 1.04162991 2-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A1 0.00000000 25.28547011 974.71452989 0.97471453 25.28547011 3-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 3-A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 3-A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 3-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4-A1 0.00000000 1.26378950 998.73621050 0.99873621 1.26378950 B-1 0.00000000 0.77645263 999.22354737 0.99922355 0.77645263 B-2 0.00000000 0.77645439 999.22354561 0.99922355 0.77645439 B-3 0.00000000 0.77645372 999.22354628 0.99922355 0.77645372 B-4 0.00000000 0.77645583 999.22354417 0.99922354 0.77645583 B-5 0.00000000 0.77645583 999.22354417 0.99922354 0.77645583 B-6 0.00114314 0.77591209 999.22408791 0.99922409 0.77476895 AR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 (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 1-A1 57,811,000.00 4.44792% 57,811,000.00 214,282.34 0.00 0.00 2-A1 47,383,000.00 4.32080% 47,383,000.00 170,610.49 0.00 0.00 2-AX 0.00 0.30230% 47,383,000.00 11,936.57 0.00 0.00 3-A1 72,291,000.00 4.84420% 72,291,000.00 291,826.44 0.00 0.00 3-A2 15,061,000.00 4.84420% 15,061,000.00 60,798.69 0.00 0.00 3-A3 28,615,000.00 4.84420% 28,615,000.00 115,513.88 0.00 0.00 3-A4 34,639,000.00 4.62550% 34,639,000.00 133,518.91 0.00 0.00 3-AX 0.00 0.21870% 34,639,000.00 6,312.82 0.00 0.00 4-A1 33,168,000.00 4.64312% 33,168,000.00 128,335.80 0.00 0.00 B-1 9,173,000.00 4.70570% 9,173,000.00 35,971.16 0.00 0.00 B-2 2,905,000.00 4.70570% 2,905,000.00 11,391.72 0.00 0.00 B-3 1,988,000.00 4.70570% 1,988,000.00 7,795.78 0.00 0.00 B-4 917,000.00 4.70570% 917,000.00 3,595.94 0.00 0.00 B-5 917,000.00 4.70570% 917,000.00 3,595.94 0.00 0.00 B-6 918,519.00 4.70570% 918,519.00 3,601.90 0.00 0.00 AR 100.00 4.44792% 100.00 0.37 0.00 0.00 Totals 305,786,619.00 1,199,088.75 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 1-A1 0.00 0.00 214,282.34 0.00 57,777,498.49 2-A1 0.00 0.00 170,610.49 0.00 47,333,644.45 2-AX 0.00 0.00 11,936.57 0.00 47,333,644.45 3-A1 0.00 0.00 291,826.44 0.00 70,463,088.08 3-A2 0.00 0.00 60,798.69 0.00 15,061,000.00 3-A3 0.00 0.00 115,513.88 0.00 28,615,000.00 3-A4 0.00 0.00 133,518.91 0.00 34,639,000.00 3-AX 0.00 0.00 6,312.82 0.00 34,639,000.00 4-A1 0.00 0.00 128,335.80 0.00 33,126,082.63 B-1 0.00 0.00 35,971.16 0.00 9,165,877.60 B-2 0.00 0.00 11,391.72 0.00 2,902,744.40 B-3 0.00 0.00 7,795.78 0.00 1,986,456.41 B-4 0.00 0.00 3,595.94 0.00 916,287.99 B-5 0.00 0.00 3,595.94 0.00 916,287.99 B-6 0.00 0.00 3,601.90 0.00 917,806.31 AR 0.00 0.00 0.37 0.00 0.00 Totals 0.00 0.00 1,199,088.75 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 1-A1 57,811,000.00 4.44792% 1000.00000000 3.70660151 0.00000000 0.00000000 2-A1 47,383,000.00 4.32080% 1000.00000000 3.60066881 0.00000000 0.00000000 2-AX 0.00 0.30230% 1000.00000000 0.25191672 0.00000000 0.00000000 3-A1 72,291,000.00 4.84420% 1000.00000000 4.03682948 0.00000000 0.00000000 3-A2 15,061,000.00 4.84420% 1000.00000000 4.03682956 0.00000000 0.00000000 3-A3 28,615,000.00 4.84420% 1000.00000000 4.03682963 0.00000000 0.00000000 3-A4 34,639,000.00 4.62550% 1000.00000000 3.85458327 0.00000000 0.00000000 3-AX 0.00 0.21870% 1000.00000000 0.18224602 0.00000000 0.00000000 4-A1 33,168,000.00 4.64312% 1000.00000000 3.86926556 0.00000000 0.00000000 B-1 9,173,000.00 4.70570% 1000.00000000 3.92141720 0.00000000 0.00000000 B-2 2,905,000.00 4.70570% 1000.00000000 3.92141824 0.00000000 0.00000000 B-3 1,988,000.00 4.70570% 1000.00000000 3.92141851 0.00000000 0.00000000 B-4 917,000.00 4.70570% 1000.00000000 3.92141767 0.00000000 0.00000000 B-5 917,000.00 4.70570% 1000.00000000 3.92141767 0.00000000 0.00000000 B-6 918,519.00 4.70570% 1000.00000000 3.92142133 0.00000000 0.00000000 AR 100.00 4.44792% 1000.00000000 3.70000000 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 1-A1 0.00000000 0.00000000 3.70660151 0.00000000 999.42049939 2-A1 0.00000000 0.00000000 3.60066881 0.00000000 998.95837009 2-AX 0.00000000 0.00000000 0.25191672 0.00000000 998.95837009 3-A1 0.00000000 0.00000000 4.03682948 0.00000000 974.71452989 3-A2 0.00000000 0.00000000 4.03682956 0.00000000 1000.00000000 3-A3 0.00000000 0.00000000 4.03682963 0.00000000 1000.00000000 3-A4 0.00000000 0.00000000 3.85458327 0.00000000 1000.00000000 3-AX 0.00000000 0.00000000 0.18224602 0.00000000 1000.00000000 4-A1 0.00000000 0.00000000 3.86926556 0.00000000 998.73621050 B-1 0.00000000 0.00000000 3.92141720 0.00000000 999.22354737 B-2 0.00000000 0.00000000 3.92141824 0.00000000 999.22354561 B-3 0.00000000 0.00000000 3.92141851 0.00000000 999.22354628 B-4 0.00000000 0.00000000 3.92141767 0.00000000 999.22354417 B-5 0.00000000 0.00000000 3.92141767 0.00000000 999.22354417 B-6 0.00000000 0.00000000 3.92142133 0.00000000 999.22408791 AR 0.00000000 0.00000000 3.70000000 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 3,219,021.10 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 10,863.96 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3,229,885.06 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 64,952.71 Payment of Interest and Principal 3,164,932.35 Total Withdrawals (Pool Distribution Amount) 3,229,885.06 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 64,952.71 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 64,952.71
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 3 0 0 0 3 2,006,554.59 0.00 0.00 0.00 2,006,554.59 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 3 0 0 0 3 2,006,554.59 0.00 0.00 0.00 2,006,554.59 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 0.416667% 0.000000% 0.000000% 0.000000% 0.416667% 0.660071% 0.000000% 0.000000% 0.000000% 0.660071% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.416667% 0.000000% 0.000000% 0.000000% 0.416667% 0.660071% 0.000000% 0.000000% 0.000000% 0.660071%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 1 0 0 0 1 638,528.59 0.00 0.00 0.00 638,528.59 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 1 0 0 0 1 638,528.59 0.00 0.00 0.00 638,528.59 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.641026% 0.000000% 0.000000% 0.000000% 0.641026% 1.043940% 0.000000% 0.000000% 0.000000% 1.043940% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.641026% 0.000000% 0.000000% 0.000000% 0.641026% 1.043940% 0.000000% 0.000000% 0.000000% 1.043940% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 2 0 0 0 2 1,368,026.00 0.00 0.00 0.00 1,368,026.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 2 0 0 0 2 1,368,026.00 0.00 0.00 0.00 1,368,026.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.529101% 0.000000% 0.000000% 0.000000% 0.529101% 0.867910% 0.000000% 0.000000% 0.000000% 0.867910% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.529101% 0.000000% 0.000000% 0.000000% 0.529101% 0.867910% 0.000000% 0.000000% 0.000000% 0.867910% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 10,863.96
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 150,000.00 0.04905381% 150,000.00 0.04937121% Fraud 9,173,599.00 3.00000014% 9,173,599.00 3.01941137% Special Hazard 3,564,856.00 1.16579856% 3,564,856.00 1.17334175% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.960478% Weighted Average Net Coupon 4.709864% Weighted Average Pass-Through Rate 4.705584% Weighted Average Maturity(Stepdown Calculation ) 359 Beginning Scheduled Collateral Loan Count 724 Number Of Loans Paid In Full 4 Ending Scheduled Collateral Loan Count 720 Beginning Scheduled Collateral Balance 305,786,619.00 Ending Scheduled Collateral Balance 303,820,774.36 Ending Actual Collateral Balance at 31-Aug-2003 303,990,625.90 Monthly P &I Constant 1,501,473.09 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 303,820,774.36 Scheduled Principal 237,433.19 Unscheduled Principal 1,728,411.95
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.697922 4.876599 5.100791 Weighted Average Net Rate 4.447922 4.626599 4.849612 Weighted Average Maturity 359 359 359 Beginning Loan Count 156 111 382 Loans Paid In Full 0 0 4 Ending Loan Count 156 111 378 Beginning Scheduled Balance 61,175,898.00 50,140,496.00 159,372,089.00 Ending scheduled Balance 61,140,504.74 50,088,346.33 157,537,993.00 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 272,071.21 254,576.23 789,858.16 Scheduled Principal 32,571.56 50,813.64 112,421.76 Unscheduled Principal 2,821.45 1,336.43 1,721,673.80 Scheduled Interest 239,499.65 203,762.59 677,436.40 Servicing Fees 12,744.98 10,445.95 33,359.13 Master Servicing Fees 0.00 0.00 0.00 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 0.00 146.10 719.36 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 226,754.67 193,170.54 643,357.91 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 4.447922 4.623103 4.844195
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.900816 4.960478 Weighted Average Net Rate 4.650816 4.709864 Weighted Average Maturity 359 359 Beginning Loan Count 75 724 Loans Paid In Full 0 4 Ending Loan Count 75 720 Beginning Scheduled Balance 35,098,137.00 305,786,620.00 Ending scheduled Balance 35,053,930.29 303,820,774.36 Record Date 08/31/2003 08/31/2003 Principal And Interest Constant 184,967.49 1,501,473.09 Scheduled Principal 41,626.23 237,433.19 Unscheduled Principal 2,580.27 1,728,411.95 Scheduled Interest 143,341.26 1,264,039.90 Servicing Fees 7,312.10 63,862.16 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 225.14 1,090.60 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 135,804.02 1,199,087.14 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 4.643118 4.705584
Miscellaneous Reporting Group Group 1 Senior % 94.499798% Senior Prepayment % 100.000000% Subordinate % 5.500202% Group Group 2 Senior % 94.500461% Senior Prepayment % 100.000000% Subordinate % 5.499539% Group Group 3 Senior % 94.499609% Senior Prepayment % 100.000000% Subordinate % 5.500391%
Miscellaneous Reporting Group Group 4 Senior % 94.500743% Senior Prepayment % 100.000000% Subordinate % 5.499257%
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