-----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, FHV/jGBjv3dAynQHNrvbMjOF8Vo1gLOflVwYLjtU2UTeAIu5l0QGaMxDYkfZPEC1 LE7mW/s7WOetp0aTVUp8eA== 0001056404-04-000222.txt : 20040109 0001056404-04-000222.hdr.sgml : 20040109 20040109155423 ACCESSION NUMBER: 0001056404-04-000222 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: FIRST FRANKLIN MORTGAGE LOAN TRUST 2003-FF4 CENTRAL INDEX KEY: 0001264771 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: 333-108195-02 FILM NUMBER: 04518005 BUSINESS ADDRESS: STREET 1: 600 STEAMBOAT ROAD CITY: GREENWICH STATE: CT ZIP: 92618 8-K 1 ffm03ff4_dec.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 FIRST FRANKLIN MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2003-FF4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-108195-02 Pooling and Servicing Agreement) (Commission 54-2126385 (State or other File Number) 54-2126386 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 December 26, 2003 a distribution was made to holders of FIRST FRANKLIN MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2003-FF4 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 Certificates, Series 2003-FF4 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. FIRST FRANKLIN MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2003-FF4 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/31/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-FF4 Trust, relating to the December 26, 2003 distribution. EX-99.1
First Franklin Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 FFM Series: 2003-FF4 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 32027NDQ1 SEN 2.16500% 596,092,807.98 1,075,450.77 4,980,507.70 A-2 32027NDR9 SEN 2.02000% 98,628,647.82 166,024.89 824,067.55 A-3 32027NDS7 SEN 2.20000% 97,958,645.93 179,590.85 1,065,224.93 A-4 32027NDT5 SEN 2.02000% 233,864,512.11 393,671.93 2,543,096.69 M-1 32027NDU2 MEZ 2.58500% 56,900,000.00 122,572.08 0.00 M-2 32027NDV0 MEZ 2.76875% 45,000,000.00 107,289.06 0.00 M-3 32027NDW8 MEZ 3.01875% 15,000,000.00 38,992.19 0.00 M-4 32027NDX6 MEZ 4.01875% 12,000,000.00 41,527.08 0.00 M-5 32027NDY4 MEZ 4.91875% 12,000,000.00 50,827.08 0.00 M-6 32027NDZ1 MEZ 4.91875% 9,000,000.00 38,120.31 0.00 R FFM3FF4R1 SEN 0.00000% 0.00 0.00 0.00 C FFM03FF4C SEN 0.00000% 5,994,933.91 3,855,814.99 0.00 P FFM03FF4P SEN 0.00000% 100.00 155,888.59 0.00 DIV CERT SEN 0.00000% 0.00 0.00 0.00 Totals 1,182,439,647.75 6,225,769.82 9,412,896.87
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 591,112,300.28 6,055,958.47 0.00 A-2 0.00 97,804,580.27 990,092.44 0.00 A-3 0.00 96,893,421.00 1,244,815.78 0.00 A-4 0.00 231,321,415.42 2,936,768.62 0.00 M-1 0.00 56,900,000.00 122,572.08 0.00 M-2 0.00 45,000,000.00 107,289.06 0.00 M-3 0.00 15,000,000.00 38,992.19 0.00 M-4 0.00 12,000,000.00 41,527.08 0.00 M-5 0.00 12,000,000.00 50,827.08 0.00 M-6 0.00 9,000,000.00 38,120.31 0.00 R 0.00 0.00 0.00 0.00 C 0.00 5,994,933.91 3,855,814.99 0.00 P 0.00 100.00 155,888.59 0.00 DIV CERT 0.00 0.00 0.00 0.00 Totals 0.00 1,173,026,750.88 15,638,666.69 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-1 604,381,000.00 596,092,807.98 0.00 4,980,507.70 0.00 0.00 A-2 100,000,000.00 98,628,647.82 0.00 824,067.55 0.00 0.00 A-3 100,000,000.00 97,958,645.93 0.00 1,065,224.93 0.00 0.00 A-4 238,738,000.00 233,864,512.11 0.00 2,543,096.69 0.00 0.00 M-1 56,900,000.00 56,900,000.00 0.00 0.00 0.00 0.00 M-2 45,000,000.00 45,000,000.00 0.00 0.00 0.00 0.00 M-3 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00 M-4 12,000,000.00 12,000,000.00 0.00 0.00 0.00 0.00 M-5 12,000,000.00 12,000,000.00 0.00 0.00 0.00 0.00 M-6 9,000,000.00 9,000,000.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 C 5,967,682.45 5,994,933.91 0.00 0.00 0.00 0.00 5,967,682.45 5,994,933.91 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 100.00 100.00 0.00 0.00 0.00 0.00 DIV CERT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,204,954,564.90 1,188,434,681.66 0.00 9,412,896.87 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 4,980,507.70 591,112,300.28 0.97804580 4,980,507.70 A-2 824,067.55 97,804,580.27 0.97804580 824,067.55 A-3 1,065,224.93 96,893,421.00 0.96893421 1,065,224.93 A-4 2,543,096.69 231,321,415.42 0.96893421 2,543,096.69 M-1 0.00 56,900,000.00 1.00000000 0.00 M-2 0.00 45,000,000.00 1.00000000 0.00 M-3 0.00 15,000,000.00 1.00000000 0.00 M-4 0.00 12,000,000.00 1.00000000 0.00 M-5 0.00 12,000,000.00 1.00000000 0.00 M-6 0.00 9,000,000.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 C 0.00 5,994,933.91 1.00456651 0.00 C 0.00 5,994,933.91 1.00456651 0.00 P 0.00 100.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 DIV CERT 0.00 0.00 0.00000000 0.00 DIV CERT 0.00 0.00 0.00000000 0.00 Totals 9,412,896.87 1,179,021,784.79 0.97847821 9,412,896.87
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 604,381,000.00 986.28647820 0.00000000 8.24067550 0.00000000 A-2 100,000,000.00 986.28647820 0.00000000 8.24067550 0.00000000 A-3 100,000,000.00 979.58645930 0.00000000 10.65224930 0.00000000 A-4 238,738,000.00 979.58645926 0.00000000 10.65224929 0.00000000 M-1 56,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 45,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 9,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 C 5,967,682.45 1004.56650638 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 DIV CERT 0.00 0.00000000 0.00000000 0.00000000 0.00000000 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 8.24067550 978.04580270 0.97804580 8.24067550 A-2 0.00000000 8.24067550 978.04580270 0.97804580 8.24067550 A-3 0.00000000 10.65224930 968.93421000 0.96893421 10.65224930 A-4 0.00000000 10.65224929 968.93420997 0.96893421 10.65224929 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 1,004.56650638 1.00456651 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 DIV CERT 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-1 604,381,000.00 2.16500% 596,092,807.98 1,075,450.77 0.00 0.00 A-2 100,000,000.00 2.02000% 98,628,647.82 166,024.89 0.00 0.00 A-3 100,000,000.00 2.20000% 97,958,645.93 179,590.85 0.00 0.00 A-4 238,738,000.00 2.02000% 233,864,512.11 393,671.93 0.00 0.00 M-1 56,900,000.00 2.58500% 56,900,000.00 122,572.08 0.00 0.00 M-2 45,000,000.00 2.76875% 45,000,000.00 107,289.06 0.00 0.00 M-3 15,000,000.00 3.01875% 15,000,000.00 38,992.19 0.00 0.00 M-4 12,000,000.00 4.01875% 12,000,000.00 41,527.08 0.00 0.00 M-5 12,000,000.00 4.91875% 12,000,000.00 50,827.08 0.00 0.00 M-6 9,000,000.00 4.91875% 9,000,000.00 38,120.31 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 C 5,967,682.45 0.00000% 5,994,933.91 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 DIV CERT 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,198,986,782.45 2,214,066.24 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 1,075,450.77 0.00 591,112,300.28 A-2 0.00 0.00 166,024.89 0.00 97,804,580.27 A-3 0.00 0.00 179,590.85 0.00 96,893,421.00 A-4 0.00 0.00 393,671.93 0.00 231,321,415.42 M-1 0.00 0.00 122,572.08 0.00 56,900,000.00 M-2 0.00 0.00 107,289.06 0.00 45,000,000.00 M-3 0.00 0.00 38,992.19 0.00 15,000,000.00 M-4 0.00 0.00 41,527.08 0.00 12,000,000.00 M-5 0.00 0.00 50,827.08 0.00 12,000,000.00 M-6 0.00 0.00 38,120.31 0.00 9,000,000.00 R 0.00 0.00 0.00 0.00 0.00 C 0.00 0.00 3,855,814.99 0.00 5,994,933.91 P 0.00 0.00 155,888.59 0.00 100.00 DIV CERT 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,225,769.82 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-1 604,381,000.00 2.16500% 986.28647820 1.77942518 0.00000000 0.00000000 A-2 100,000,000.00 2.02000% 986.28647820 1.66024890 0.00000000 0.00000000 A-3 100,000,000.00 2.20000% 979.58645930 1.79590850 0.00000000 0.00000000 A-4 238,738,000.00 2.02000% 979.58645926 1.64897055 0.00000000 0.00000000 M-1 56,900,000.00 2.58500% 1000.00000000 2.15416661 0.00000000 0.00000000 M-2 45,000,000.00 2.76875% 1000.00000000 2.38420133 0.00000000 0.00000000 M-3 15,000,000.00 3.01875% 1000.00000000 2.59947933 0.00000000 0.00000000 M-4 12,000,000.00 4.01875% 1000.00000000 3.46059000 0.00000000 0.00000000 M-5 12,000,000.00 4.91875% 1000.00000000 4.23559000 0.00000000 0.00000000 M-6 9,000,000.00 4.91875% 1000.00000000 4.23559000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 5,967,682.45 0.00000% 1004.56650638 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 DIV CERT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 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 1.77942518 0.00000000 978.04580270 A-2 0.00000000 0.00000000 1.66024890 0.00000000 978.04580270 A-3 0.00000000 0.00000000 1.79590850 0.00000000 968.93421000 A-4 0.00000000 0.00000000 1.64897055 0.00000000 968.93420997 M-1 0.00000000 0.00000000 2.15416661 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.38420133 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.59947933 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.46059000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 4.23559000 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.23559000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 646.11597924 0.00000000 1004.56650638 P 0.00000000 0.00000000 1558885.90000000 0.00000000 1000.00000000 DIV CERT 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 15,980,388.17 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 155,888.59 Total Deposits 16,136,276.76 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 497,610.07 Payment of Interest and Principal 15,638,666.69 Total Withdrawals (Pool Distribution Amount) 16,136,276.76 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 492,683.25 Trustee Fee 4,926.82 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 497,610.07
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 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 7 0 0 7 1,684,608.38 0.00 0.00 1,684,608.38 30 Days 47 1 0 0 48 7,718,901.41 66,323.32 0.00 0.00 7,785,224.73 60 Days 19 0 0 0 19 3,538,653.88 0.00 0.00 0.00 3,538,653.88 90 Days 4 0 9 0 13 1,143,333.65 0.00 2,242,201.67 0.00 3,385,535.32 120 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 70 8 9 0 87 12,400,888.94 1,750,931.70 2,242,201.67 0.00 16,394,022.31 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 0.121549% 0.000000% 0.000000% 0.121549% 0.143612% 0.000000% 0.000000% 0.143612% 30 Days 0.816114% 0.017364% 0.000000% 0.000000% 0.833478% 0.658033% 0.005654% 0.000000% 0.000000% 0.663687% 60 Days 0.329918% 0.000000% 0.000000% 0.000000% 0.329918% 0.301669% 0.000000% 0.000000% 0.000000% 0.301669% 90 Days 0.069457% 0.000000% 0.156277% 0.000000% 0.225734% 0.097469% 0.000000% 0.191147% 0.000000% 0.288615% 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 1.215489% 0.138913% 0.156277% 0.000000% 1.510679% 1.057170% 0.149266% 0.191147% 0.000000% 1.397583%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 86,869.82
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.668237% Weighted Average Net Coupon 6.168237% Weighted Average Pass-Through Rate 6.163237% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 5,800 Number Of Loans Paid In Full 41 Ending Scheduled Collateral Loan Count 5,759 Beginning Scheduled Collateral Balance 1,182,439,647.75 Ending Scheduled Collateral Balance 1,173,026,750.88 Ending Actual Collateral Balance at 30-Nov-2003 1,173,026,750.88 Monthly P &I Constant 6,919,374.20 Special Servicing Fee 0.00 Prepayment Penalties 155,888.59 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,173,026,750.88 Scheduled Principal 348,717.47 Unscheduled Principal 9,064,179.40
Miscellaneous Reporting Target Overcollaterlization Amount 5,994,933.91 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Overcollateralization Amount 5,994,933.91 Specified Overcollateralized Amount 5,994,933.91 Overcollateralized Deficiency Amount 0.00 Extra Principal Amount 0.00 Excess Cash 3,855,814.99 Credit Enhancement Percentage 13.18418 Step Down Date in Effect Do Not Stepdown Trigger Event Not Triggered Cap Payment Amount 0.00 Dividend Account Deposit 3,157.25 Dividend Account Withdrawal 0.00 Beginning Dividend Acct Balance 6,375.16 Ending Dividend Acct Balance 9,532.41 Soldier/Sailor Interest Shortfall 0.00
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.711983 6.760880 6.905630 Weighted Average Net Rate 7.211983 6.260880 6.405629 Weighted Average Maturity 353 353 354 Beginning Loan Count 506 4,442 61 Loans Paid In Full 8 25 0 Ending Loan Count 498 4,417 61 Beginning Scheduled Balance 60,415,171.30 739,570,519.13 31,271,255.76 Ending scheduled Balance 59,128,481.55 735,052,633.63 31,239,124.47 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 444,225.75 4,362,636.16 208,381.38 Scheduled Principal 55,958.43 195,846.46 28,424.95 Unscheduled Principal 1,230,731.32 4,322,039.04 3,706.34 Scheduled Interest 388,267.32 4,166,789.70 179,956.43 Servicing Fees 25,173.01 308,154.41 13,029.70 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 251.74 3,081.53 130.30 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 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 362,842.57 3,855,553.76 166,796.43 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 7.206983 6.255880 6.400630
Group Level Collateral Statement Group Group 4 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.272439 6.668237 Weighted Average Net Rate 5.772439 6.168237 Weighted Average Maturity 354 353 Beginning Loan Count 791 5,800 Loans Paid In Full 8 41 Ending Loan Count 783 5,759 Beginning Scheduled Balance 351,182,701.56 1,182,439,647.75 Ending scheduled Balance 347,606,511.23 1,173,026,750.88 Record Date 11/30/2003 11/30/2003 Principal And Interest Constant 1,904,130.91 6,919,374.20 Scheduled Principal 68,487.63 348,717.47 Unscheduled Principal 3,507,702.70 9,064,179.40 Scheduled Interest 1,835,643.28 6,570,656.73 Servicing Fees 146,326.13 492,683.25 Master Servicing Fees 0.00 0.00 Trustee Fee 1,463.25 4,926.82 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 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 1,687,853.90 6,073,046.66 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 5.767439 6.163237
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