-----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, MR1JQnD8yaac2RuKLt1N4bwfowR/UTKRvrRhYZCaC+8o1QhyiFtfz1KYHgcMPi0X wx4tLwLlD2rUc3Z5090tSQ== 0001056404-04-000101.txt : 20040108 0001056404-04-000101.hdr.sgml : 20040108 20040108161810 ACCESSION NUMBER: 0001056404-04-000101 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: 20040108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET SEC CORP MORT PAS THR CERTS SER 2003 BC9 CENTRAL INDEX KEY: 0001262258 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: 333-106925-04 FILM NUMBER: 04515689 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sai03bc9.txt DECEMBER 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): December 26, 2003 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC9 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106925-04 54-2123784 Pooling and Servicing Agreement) (Commission 54-2123785 (State or other File Number) 54-2123786 jurisdiction 54-2123787 of Incorporation) IRS EIN 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 STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-BC9 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-BC9 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. STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC9 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: 1/6/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-BC9 Trust, relating to the December 26, 2003 distribution. EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 SAIL Series: 2003-BC9 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 86358EDE3 SEN 1.25875% 89,009,594.91 96,479.60 2,798,844.89 1-A2 86358EDF0 SEN 2.46000% 73,508,000.00 150,691.40 0.00 2A 86358EDG8 SEN 2.14000% 427,084,978.50 761,634.88 10,000,781.19 3-A1 86358EDR4 SEN 1.36875% 141,969,601.67 167,331.88 3,983,800.19 3-A2 86358EDH6 SEN 1.59875% 30,000,000.00 41,301.04 0.00 3-A3 86358EDS2 SEN 1.46875% 134,847,096.99 170,548.80 3,123,830.53 AIO 86358EDJ2 IO 6.00000% 0.00 981,465.00 0.00 M1 86358EDK9 MEZ 1.81875% 51,800,000.00 81,126.35 0.00 M2 86358EDL7 MEZ 2.86875% 46,347,000.00 114,491.57 0.00 M3 86358EDM5 MEZ 3.21875% 13,631,000.00 37,781.06 0.00 M4 86358EDN3 MEZ 4.11875% 16,358,000.00 58,016.94 0.00 M5 86358EDP8 MEZ 4.11875% 10,905,000.00 38,676.78 0.00 B 86358EDQ6 SEN 4.11875% 8,179,000.00 29,008.47 0.00 X SAI03BC9X SEN 0.00000% 5,451,503.91 2,794,341.96 0.00 P SAI03BC9P SEN 0.00000% 100.00 231,755.73 0.00 R1 SAI03B9R1 SEN 0.00000% 0.00 0.00 0.00 R2 SAI03B9R2 SEN 0.00000% 0.00 0.00 0.00 R3 SAI03B9R3 SEN 0.00000% 0.00 0.00 0.00 R4 SEN 0.00000% 0.00 0.00 0.00 Totals 1,049,090,875.98 5,754,651.46 19,907,256.80
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 86,210,750.02 2,895,324.49 0.00 1-A2 0.00 73,508,000.00 150,691.40 0.00 2A 0.00 417,084,197.31 10,762,416.07 0.00 3-A1 0.00 137,985,801.48 4,151,132.07 0.00 3-A2 0.00 30,000,000.00 41,301.04 0.00 3-A3 0.00 131,723,266.47 3,294,379.33 0.00 AIO 0.00 0.00 981,465.00 0.00 M1 0.00 51,800,000.00 81,126.35 0.00 M2 0.00 46,347,000.00 114,491.57 0.00 M3 0.00 13,631,000.00 37,781.06 0.00 M4 0.00 16,358,000.00 58,016.94 0.00 M5 0.00 10,905,000.00 38,676.78 0.00 B 0.00 8,179,000.00 29,008.47 0.00 X 0.00 5,451,503.91 2,794,341.96 0.00 P 0.00 100.00 231,755.73 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 Totals 0.00 1,029,183,619.19 25,661,908.26 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) 1-A1 96,312,000.00 89,009,594.91 0.00 2,798,844.89 0.00 0.00 1-A2 73,508,000.00 73,508,000.00 0.00 0.00 0.00 0.00 2A 446,881,000.00 427,084,978.50 0.00 10,000,781.19 0.00 0.00 3-A1 150,000,000.00 141,969,601.67 0.00 3,983,800.19 0.00 0.00 3-A2 30,000,000.00 30,000,000.00 0.00 0.00 0.00 0.00 3-A3 141,144,000.00 134,847,096.99 0.00 3,123,830.53 0.00 0.00 AIO 0.00 0.00 0.00 0.00 0.00 0.00 M1 51,800,000.00 51,800,000.00 0.00 0.00 0.00 0.00 M2 46,347,000.00 46,347,000.00 0.00 0.00 0.00 0.00 M3 13,631,000.00 13,631,000.00 0.00 0.00 0.00 0.00 M4 16,358,000.00 16,358,000.00 0.00 0.00 0.00 0.00 M5 10,905,000.00 10,905,000.00 0.00 0.00 0.00 0.00 B 8,179,000.00 8,179,000.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,085,065,000.00 1,043,639,272.07 0.00 19,907,256.80 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 1-A1 2,798,844.89 86,210,750.02 0.89511951 2,798,844.89 1-A2 0.00 73,508,000.00 1.00000000 0.00 2A 10,000,781.19 417,084,197.31 0.93332274 10,000,781.19 3-A1 3,983,800.19 137,985,801.48 0.91990534 3,983,800.19 3-A2 0.00 30,000,000.00 1.00000000 0.00 3-A3 3,123,830.53 131,723,266.47 0.93325445 3,123,830.53 AIO 0.00 0.00 0.00000000 0.00 M1 0.00 51,800,000.00 1.00000000 0.00 M2 0.00 46,347,000.00 1.00000000 0.00 M3 0.00 13,631,000.00 1.00000000 0.00 M4 0.00 16,358,000.00 1.00000000 0.00 M5 0.00 10,905,000.00 1.00000000 0.00 B 0.00 8,179,000.00 1.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 R3 0.00 0.00 0.00000000 0.00 R4 0.00 0.00 0.00000000 0.00 Totals 19,907,256.80 1,023,732,015.28 0.94347529 19,907,256.80
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 96,312,000.00 924.17969630 0.00000000 29.06018866 0.00000000 1-A2 73,508,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A 446,881,000.00 955.70180540 0.00000000 22.37907002 0.00000000 3-A1 150,000,000.00 946.46401113 0.00000000 26.55866793 0.00000000 3-A2 30,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 3-A3 141,144,000.00 955.38667595 0.00000000 22.13222333 0.00000000 AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 51,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 46,347,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 13,631,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 16,358,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 10,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 8,179,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 5,451,503.91 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R4 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 1-A1 0.00000000 29.06018866 895.11950764 0.89511951 29.06018866 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A 0.00000000 22.37907002 933.32273538 0.93332274 22.37907002 3-A1 0.00000000 26.55866793 919.90534320 0.91990534 26.55866793 3-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 3-A3 0.00000000 22.13222333 933.25445269 0.93325445 22.13222333 AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1.00000000 1.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R4 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 1-A1 96,312,000.00 1.25875% 89,009,594.91 96,479.60 0.00 0.00 1-A2 73,508,000.00 2.46000% 73,508,000.00 150,691.40 0.00 0.00 2A 446,881,000.00 2.14000% 427,084,978.50 761,634.88 0.00 0.00 3-A1 150,000,000.00 1.36875% 141,969,601.67 167,331.88 0.00 0.00 3-A2 30,000,000.00 1.59875% 30,000,000.00 41,301.04 0.00 0.00 3-A3 141,144,000.00 1.46875% 134,847,096.99 170,548.80 0.00 0.00 AIO 0.00 6.00000% 196,293,000.00 981,465.00 0.00 0.00 M1 51,800,000.00 1.81875% 51,800,000.00 81,126.35 0.00 0.00 M2 46,347,000.00 2.86875% 46,347,000.00 114,491.57 0.00 0.00 M3 13,631,000.00 3.21875% 13,631,000.00 37,781.06 0.00 0.00 M4 16,358,000.00 4.11875% 16,358,000.00 58,016.94 0.00 0.00 M5 10,905,000.00 4.11875% 10,905,000.00 38,676.78 0.00 0.00 B 8,179,000.00 4.11875% 8,179,000.00 29,008.47 0.00 0.00 X 5,451,503.91 0.00000% 5,451,503.91 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 R3 0.00 0.00000% 0.00 0.00 0.00 0.00 R4 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,090,516,603.91 2,728,553.77 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 96,479.60 0.00 86,210,750.02 1-A2 0.00 0.00 150,691.40 0.00 73,508,000.00 2A 0.00 0.00 761,634.88 0.00 417,084,197.31 3-A1 0.00 0.00 167,331.88 0.00 137,985,801.48 3-A2 0.00 0.00 41,301.04 0.00 30,000,000.00 3-A3 0.00 0.00 170,548.80 0.00 131,723,266.47 AIO 0.00 0.00 981,465.00 0.00 196,293,000.00 M1 0.00 0.00 81,126.35 0.00 51,800,000.00 M2 0.00 0.00 114,491.57 0.00 46,347,000.00 M3 0.00 0.00 37,781.06 0.00 13,631,000.00 M4 0.00 0.00 58,016.94 0.00 16,358,000.00 M5 0.00 0.00 38,676.78 0.00 10,905,000.00 B 0.00 0.00 29,008.47 0.00 8,179,000.00 X 0.00 0.00 2,794,341.96 0.00 5,451,503.91 P 0.00 0.00 231,755.73 0.00 100.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,754,651.46 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 1-A1 96,312,000.00 1.25875% 924.17969630 1.00174018 0.00000000 0.00000000 1-A2 73,508,000.00 2.46000% 1000.00000000 2.05000000 0.00000000 0.00000000 2A 446,881,000.00 2.14000% 955.70180540 1.70433489 0.00000000 0.00000000 3-A1 150,000,000.00 1.36875% 946.46401113 1.11554587 0.00000000 0.00000000 3-A2 30,000,000.00 1.59875% 1000.00000000 1.37670133 0.00000000 0.00000000 3-A3 141,144,000.00 1.46875% 955.38667595 1.20833192 0.00000000 0.00000000 AIO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M1 51,800,000.00 1.81875% 1000.00000000 1.56614575 0.00000000 0.00000000 M2 46,347,000.00 2.86875% 1000.00000000 2.47031243 0.00000000 0.00000000 M3 13,631,000.00 3.21875% 1000.00000000 2.77170127 0.00000000 0.00000000 M4 16,358,000.00 4.11875% 1000.00000000 3.54670131 0.00000000 0.00000000 M5 10,905,000.00 4.11875% 1000.00000000 3.54670151 0.00000000 0.00000000 B 8,179,000.00 4.11875% 1000.00000000 3.54670131 0.00000000 0.00000000 X 5,451,503.91 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R4 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 1-A1 0.00000000 0.00000000 1.00174018 0.00000000 895.11950764 1-A2 0.00000000 0.00000000 2.05000000 0.00000000 1000.00000000 2A 0.00000000 0.00000000 1.70433489 0.00000000 933.32273538 3-A1 0.00000000 0.00000000 1.11554587 0.00000000 919.90534320 3-A2 0.00000000 0.00000000 1.37670133 0.00000000 1000.00000000 3-A3 0.00000000 0.00000000 1.20833192 0.00000000 933.25445269 AIO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.56614575 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.47031243 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.77170127 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.54670131 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.54670151 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.54670131 0.00000000 1000.00000000 X 0.00000000 0.00000000 512.58185010 0.00000000 1000.00000000 P 0.00000000 0.00000000 2317.55730000 0.00000000 1.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R4 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 26,548,499.32 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 26,548,499.32 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 886,591.06 Payment of Interest and Principal 25,661,908.26 Total Withdrawals (Pool Distribution Amount) 26,548,499.32 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 437,121.55 Credit Risk Management Fee 13,113.64 PMI Insurance Premium Fee 430,891.94 Wells Fargo Bank Minnesota, N.A. 5,463.93 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 886,591.06
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 8,922.25 8,922.25 1,000.00 Financial Guaranty 0.00 0.00 0.00 0.00
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 4 0 0 4 267,901.58 0.00 0.00 267,901.58 30 Days 158 0 0 0 158 22,742,759.58 0.00 0.00 0.00 22,742,759.58 60 Days 45 3 22 0 70 5,039,869.81 227,153.05 3,992,470.63 0.00 9,259,493.49 90 Days 9 2 24 0 35 870,397.18 418,743.29 5,635,998.13 0.00 6,925,138.60 120 Days 7 0 19 1 27 447,695.91 0.00 3,678,374.60 33,987.17 4,160,057.68 150 Days 2 0 8 0 10 100,158.95 0.00 923,098.77 0.00 1,023,257.72 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 221 9 73 1 304 29,200,881.43 913,797.92 14,229,942.13 33,987.17 44,378,608.65 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 0.059666% 0.000000% 0.000000% 0.059666% 0.026009% 0.000000% 0.000000% 0.026009% 30 Days 2.356802% 0.000000% 0.000000% 0.000000% 2.356802% 2.207954% 0.000000% 0.000000% 0.000000% 2.207954% 60 Days 0.671241% 0.044749% 0.328162% 0.000000% 1.044153% 0.489290% 0.022053% 0.387604% 0.000000% 0.898947% 90 Days 0.134248% 0.029833% 0.357995% 0.000000% 0.522076% 0.084501% 0.040653% 0.547164% 0.000000% 0.672319% 120 Days 0.104415% 0.000000% 0.283413% 0.014916% 0.402745% 0.043464% 0.000000% 0.357111% 0.003300% 0.403874% 150 Days 0.029833% 0.000000% 0.119332% 0.000000% 0.149165% 0.009724% 0.000000% 0.089618% 0.000000% 0.099342% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.296539% 0.134248% 1.088902% 0.014916% 4.534606% 2.834933% 0.088715% 1.381497% 0.003300% 4.308445%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(A) 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 4 0 0 0 4 480,300.56 0.00 0.00 0.00 480,300.56 60 Days 3 0 2 0 5 238,088.27 0.00 175,863.11 0.00 413,951.38 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 7 0 2 0 9 718,388.83 0.00 175,863.11 0.00 894,251.94 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.936768% 0.000000% 0.000000% 0.000000% 0.936768% 0.815041% 0.000000% 0.000000% 0.000000% 0.815041% 60 Days 0.702576% 0.000000% 0.468384% 0.000000% 1.170960% 0.404021% 0.000000% 0.298429% 0.000000% 0.702450% 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 1.639344% 0.000000% 0.468384% 0.000000% 2.107728% 1.219062% 0.000000% 0.298429% 0.000000% 1.517491% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(B) 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 7 0 0 0 7 1,199,877.62 0.00 0.00 0.00 1,199,877.62 60 Days 2 0 5 0 7 275,671.48 0.00 694,964.75 0.00 970,636.23 90 Days 0 0 1 0 1 0.00 0.00 175,144.71 0.00 175,144.71 120 Days 1 0 1 0 2 156,750.00 0.00 134,000.00 0.00 290,750.00 150 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 10 0 7 0 17 1,632,299.10 0.00 1,004,109.46 0.00 2,636,408.56 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.915033% 0.000000% 0.000000% 0.000000% 0.915033% 0.933183% 0.000000% 0.000000% 0.000000% 0.933183% 60 Days 0.261438% 0.000000% 0.653595% 0.000000% 0.915033% 0.214398% 0.000000% 0.540496% 0.000000% 0.754894% 90 Days 0.000000% 0.000000% 0.130719% 0.000000% 0.130719% 0.000000% 0.000000% 0.136216% 0.000000% 0.136216% 120 Days 0.130719% 0.000000% 0.130719% 0.000000% 0.261438% 0.121909% 0.000000% 0.104216% 0.000000% 0.226125% 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 1.307190% 0.000000% 0.915033% 0.000000% 2.222222% 1.269490% 0.000000% 0.780928% 0.000000% 2.050418% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(A) 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 11 0 0 0 11 1,162,400.18 0.00 0.00 0.00 1,162,400.18 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 2 0 0 0 2 177,206.27 0.00 0.00 0.00 177,206.27 120 Days 0 0 1 0 1 0.00 0.00 260,830.50 0.00 260,830.50 150 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 13 0 1 0 14 1,339,606.45 0.00 260,830.50 0.00 1,600,436.95 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.757188% 0.000000% 0.000000% 0.000000% 1.757188% 1.580150% 0.000000% 0.000000% 0.000000% 1.580150% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.319489% 0.000000% 0.000000% 0.000000% 0.319489% 0.240892% 0.000000% 0.000000% 0.000000% 0.240892% 120 Days 0.000000% 0.000000% 0.159744% 0.000000% 0.159744% 0.000000% 0.000000% 0.354569% 0.000000% 0.354569% 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 2.076677% 0.000000% 0.159744% 0.000000% 2.236422% 1.821042% 0.000000% 0.354569% 0.000000% 2.175611% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(B) 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 1 0 0 1 44,868.05 0.00 0.00 44,868.05 30 Days 65 0 0 0 65 9,500,821.22 0.00 0.00 0.00 9,500,821.22 60 Days 18 2 10 0 30 1,945,477.33 205,614.48 1,186,369.21 0.00 3,337,461.02 90 Days 2 2 14 0 18 306,452.62 418,743.29 2,345,519.39 0.00 3,070,715.30 120 Days 1 0 11 1 13 83,940.71 0.00 1,608,085.53 33,987.17 1,726,013.41 150 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 86 5 35 1 127 11,836,691.88 669,225.82 5,139,974.13 33,987.17 17,679,879.00 0-29 Days 0.037425% 0.000000% 0.000000% 0.037425% 0.010768% 0.000000% 0.000000% 0.010768% 30 Days 2.432635% 0.000000% 0.000000% 0.000000% 2.432635% 2.280108% 0.000000% 0.000000% 0.000000% 2.280108% 60 Days 0.673653% 0.074850% 0.374251% 0.000000% 1.122754% 0.466896% 0.049346% 0.284717% 0.000000% 0.800959% 90 Days 0.074850% 0.074850% 0.523952% 0.000000% 0.673653% 0.073546% 0.100494% 0.562903% 0.000000% 0.736943% 120 Days 0.037425% 0.000000% 0.411677% 0.037425% 0.486527% 0.020145% 0.000000% 0.385925% 0.008157% 0.414227% 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 3.218563% 0.187126% 1.309880% 0.037425% 4.752994% 2.840695% 0.160608% 1.233546% 0.008157% 4.243005% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(A) 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 1 0 0 1 29,139.30 0.00 0.00 29,139.30 30 Days 42 0 0 0 42 4,349,943.77 0.00 0.00 0.00 4,349,943.77 60 Days 13 1 0 0 14 898,068.93 21,538.57 0.00 0.00 919,607.50 90 Days 4 0 2 0 6 330,783.00 0.00 171,430.61 0.00 502,213.61 120 Days 4 0 1 0 5 136,646.13 0.00 20,650.93 0.00 157,297.06 150 Days 2 0 2 0 4 100,158.95 0.00 154,725.87 0.00 254,884.82 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 65 2 5 0 72 5,815,600.78 50,677.87 346,807.41 0.00 6,213,086.06 0-29 Days 0.081766% 0.000000% 0.000000% 0.081766% 0.023254% 0.000000% 0.000000% 0.023254% 30 Days 3.434178% 0.000000% 0.000000% 0.000000% 3.434178% 3.471353% 0.000000% 0.000000% 0.000000% 3.471353% 60 Days 1.062960% 0.081766% 0.000000% 0.000000% 1.144726% 0.716679% 0.017188% 0.000000% 0.000000% 0.733868% 90 Days 0.327065% 0.000000% 0.163532% 0.000000% 0.490597% 0.263972% 0.000000% 0.136805% 0.000000% 0.400778% 120 Days 0.327065% 0.000000% 0.081766% 0.000000% 0.408831% 0.109047% 0.000000% 0.016480% 0.000000% 0.125527% 150 Days 0.163532% 0.000000% 0.163532% 0.000000% 0.327065% 0.079929% 0.000000% 0.123475% 0.000000% 0.203404% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 5.314800% 0.163532% 0.408831% 0.000000% 5.887163% 4.640980% 0.040442% 0.276760% 0.000000% 4.958183% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(B) 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 2 0 0 2 193,894.23 0.00 0.00 193,894.23 30 Days 29 0 0 0 29 6,049,416.23 0.00 0.00 0.00 6,049,416.23 60 Days 9 0 5 0 14 1,682,563.80 0.00 1,935,273.56 0.00 3,617,837.36 90 Days 1 0 7 0 8 55,955.29 0.00 2,943,903.42 0.00 2,999,858.71 120 Days 1 0 5 0 6 70,359.07 0.00 1,654,807.64 0.00 1,725,166.71 150 Days 0 0 6 0 6 0.00 0.00 768,372.90 0.00 768,372.90 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 40 2 23 0 65 7,858,294.39 193,894.23 7,302,357.52 0.00 15,354,546.14 0-29 Days 0.201816% 0.000000% 0.000000% 0.201816% 0.085426% 0.000000% 0.000000% 0.085426% 30 Days 2.926337% 0.000000% 0.000000% 0.000000% 2.926337% 2.665251% 0.000000% 0.000000% 0.000000% 2.665251% 60 Days 0.908174% 0.000000% 0.504541% 0.000000% 1.412714% 0.741304% 0.000000% 0.852642% 0.000000% 1.593946% 90 Days 0.100908% 0.000000% 0.706357% 0.000000% 0.807265% 0.024653% 0.000000% 1.297024% 0.000000% 1.321677% 120 Days 0.100908% 0.000000% 0.504541% 0.000000% 0.605449% 0.030999% 0.000000% 0.729075% 0.000000% 0.760074% 150 Days 0.000000% 0.000000% 0.605449% 0.000000% 0.605449% 0.000000% 0.000000% 0.338530% 0.000000% 0.338530% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 4.036327% 0.201816% 2.320888% 0.000000% 6.559031% 3.462206% 0.085426% 3.217271% 0.000000% 6.764903%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.321269% Weighted Average Net Coupon 6.821270% Weighted Average Pass-Through Rate 6.322145% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 6,812 Number Of Loans Paid In Full 108 Ending Scheduled Collateral Loan Count 6,704 Beginning Scheduled Collateral Balance 1,049,090,875.98 Ending Scheduled Collateral Balance 1,029,183,619.18 Ending Actual Collateral Balance at 30-Nov-2003 1,030,037,673.25 Monthly P &I Constant 7,183,474.72 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 17,580.62 Ending Scheduled Balance for Premium Loans 1,029,183,619.18 Scheduled Principal 782,910.56 Unscheduled Principal 19,124,346.24
Miscellaneous Reporting Monthly Excess Cashflows 2,785,419.71 Overcollateralization Amount 5,451,603.91 Overcollateralization Deficiency 0.00 Aggregate Overcolalteralization Release 0.00 Targeted Overcollateralization Amount 5,451,603.91 Cap Payment Amount 8,922.25
Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.742863 7.488648 7.237782 Weighted Average Net Rate 7.242863 6.988648 6.737782 Weighted Average Maturity 350 350 349 Beginning Loan Count 429 779 637 Loans Paid In Full 2 14 11 Ending Loan Count 427 765 626 Beginning Scheduled Balance 59,289,864.34 130,876,225.87 75,063,579.05 Ending scheduled Balance 58,883,293.62 128,483,951.70 73,510,672.23 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 429,398.68 909,613.11 520,369.24 Scheduled Principal 46,837.58 92,874.82 67,624.39 Unscheduled Principal 359,733.14 2,299,399.35 1,485,282.43 Scheduled Interest 382,561.10 816,738.29 452,744.85 Servicing Fees 24,704.11 54,531.74 31,276.48 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 15,333.12 90,277.13 32,162.62 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 342,523.87 671,929.42 389,305.75 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 6.932528 6.160900 6.223616
Group Level Collateral Statement Group 2(B) 3(A) 3(B) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 6.945241 8.456660 7.198484 Weighted Average Net Rate 6.445241 7.956660 6.698484 Weighted Average Maturity 349 338 338 Beginning Loan Count 2,721 1,246 1,000 Loans Paid In Full 49 23 9 Ending Loan Count 2,672 1,223 991 Beginning Scheduled Balance 424,777,270.57 129,698,492.07 229,385,444.08 Ending scheduled Balance 416,329,396.20 125,211,735.44 226,764,569.99 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 2,782,545.50 1,000,124.64 1,541,423.55 Scheduled Principal 324,061.87 86,111.26 165,400.64 Unscheduled Principal 8,123,812.50 4,400,645.37 2,455,473.45 Scheduled Interest 2,458,483.63 914,013.38 1,376,022.91 Servicing Fees 176,990.55 54,040.99 95,577.25 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 154,871.07 38,720.89 104,991.04 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 2,126,622.01 821,251.50 1,175,454.62 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 17,580.62 0.00 Percentage of Cumulative Losses 0.0000 0.0129 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.007728 7.598406 6.149237
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.321269 Weighted Average Net Rate 6.821270 Weighted Average Maturity 350.00 Record Date 11/30/2003 Principal And Interest Constant 7,183,474.72 Beginning Loan Count 6,812 Loans Paid In Full 108 Ending Loan Count 6,704 Beginning Scheduled Balance 1,049,090,875.98 Ending Scheduled Balance 1,029,183,619.18 Scheduled Principal 782,910.56 Unscheduled Principal 19,124,346.24 Scheduled Interest 6,400,564.16 Servicing Fee 437,121.12 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 436,355.87 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 5,527,087.17 Realized Loss Amount 0.00 Cumulative Realized Loss 17,580.62 Percentage of Cumulative Losses 0.0016 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.322145
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