-----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, H4agFASqkDoy6HfqTOvNeILqg3FjgWDzWWJm+WkdoDVHr1vQe0i8pg2Jm7acxL45 ut3Bzs+WdZMPxFyH6dZHuA== 0001056404-03-002121.txt : 20031110 0001056404-03-002121.hdr.sgml : 20031110 20031110102113 ACCESSION NUMBER: 0001056404-03-002121 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031027 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORTGAGE ASSET SEC TRANS INC MARM 2003 4 CENTRAL INDEX KEY: 0001265231 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: 333-106982-04 FILM NUMBER: 03986939 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mam03004.txt OCTOBER 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): October 27, 2003 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2003-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-04 54-2126389 Pooling and Servicing Agreement) (Commission 54-2126390 (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 October 27, 2003 a distribution was made to holders of MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2003-4 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 2003-4 Trust, relating to the October 27, 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 2003-4 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/4/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-4 Trust, relating to the October 27, 2003 distribution. EX-99.1
Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 9/30/03 Distribution Date: 10/27/03 MARM Series: 2003-4 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-A-1 576433EQ5 SEN 4.47261% 78,739,000.00 293,473.82 24,086.47 2-A-1 576433ER3 SEN 4.44365% 104,537,000.00 387,104.82 27,841.45 3-A-1 576433ES1 SEN 4.97639% 181,505,000.00 752,699.62 729,585.05 B-1 576433EU6 SUB 4.71494% 11,060,000.00 43,455.99 2,351.40 B-2 576433EV4 SUB 4.71494% 4,463,000.00 17,535.63 948.85 B-3 576433EW2 SUB 4.71494% 3,298,000.00 12,958.22 701.17 B-4 576433EX0 SUB 4.71494% 1,746,000.00 6,860.23 371.21 B-5 576433EY8 SUB 4.71494% 1,164,000.00 4,573.49 247.47 B-6 576433EZ5 SUB 4.71494% 1,553,435.00 6,103.62 330.27 A-R 576433ET9 SEN 4.47261% 100.00 1.14 100.00 Totals 388,065,535.00 1,524,766.58 786,563.34
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 78,714,913.53 317,560.29 0.00 2-A-1 0.00 104,509,158.55 414,946.27 0.00 3-A-1 0.00 180,775,414.95 1,482,284.67 0.00 B-1 0.00 11,057,648.60 45,807.39 0.00 B-2 0.00 4,462,051.15 18,484.48 0.00 B-3 0.00 3,297,298.83 13,659.39 0.00 B-4 0.00 1,745,628.79 7,231.44 0.00 B-5 0.00 1,163,752.53 4,820.96 0.00 B-6 0.00 1,553,104.73 6,433.89 0.00 A-R 0.00 0.00 101.14 0.00 Totals 0.00 387,278,971.66 2,311,329.92 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-A-1 78,739,000.00 78,739,000.00 16,886.14 7,200.33 0.00 0.00 2-A-1 104,537,000.00 104,537,000.00 19,333.42 8,508.03 0.00 0.00 3-A-1 181,505,000.00 181,505,000.00 41,264.12 688,320.93 0.00 0.00 B-1 11,060,000.00 11,060,000.00 2,351.40 0.00 0.00 0.00 B-2 4,463,000.00 4,463,000.00 948.85 0.00 0.00 0.00 B-3 3,298,000.00 3,298,000.00 701.17 0.00 0.00 0.00 B-4 1,746,000.00 1,746,000.00 371.21 0.00 0.00 0.00 B-5 1,164,000.00 1,164,000.00 247.47 0.00 0.00 0.00 B-6 1,553,435.00 1,553,435.00 330.27 0.00 0.00 0.00 A-R 100.00 100.00 70.11 29.89 0.00 0.00 Totals 388,065,535.00 388,065,535.00 82,504.16 704,059.18 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-A-1 24,086.47 78,714,913.53 0.99969410 24,086.47 2-A-1 27,841.45 104,509,158.55 0.99973367 27,841.45 3-A-1 729,585.05 180,775,414.95 0.99598036 729,585.05 B-1 2,351.40 11,057,648.60 0.99978740 2,351.40 B-2 948.85 4,462,051.15 0.99978740 948.85 B-3 701.17 3,297,298.83 0.99978740 701.17 B-4 371.21 1,745,628.79 0.99978739 371.21 B-5 247.47 1,163,752.53 0.99978740 247.47 B-6 330.27 1,553,104.73 0.99978739 330.27 A-R 100.00 0.00 0.00000000 100.00 Totals 786,563.34 387,278,971.66 0.99797312 786,563.34
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 78,739,000.00 1000.00000000 0.21445713 0.09144554 0.00000000 2-A-1 104,537,000.00 1000.00000000 0.18494332 0.08138774 0.00000000 3-A-1 181,505,000.00 1000.00000000 0.22734426 3.79229735 0.00000000 B-1 11,060,000.00 1000.00000000 0.21260398 0.00000000 0.00000000 B-2 4,463,000.00 1000.00000000 0.21260363 0.00000000 0.00000000 B-3 3,298,000.00 1000.00000000 0.21260461 0.00000000 0.00000000 B-4 1,746,000.00 1000.00000000 0.21260596 0.00000000 0.00000000 B-5 1,164,000.00 1000.00000000 0.21260309 0.00000000 0.00000000 B-6 1,553,435.00 1000.00000000 0.21260626 0.00000000 0.00000000 A-R 100.00 1000.00000000 701.10000000 298.90000000 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-A-1 0.00000000 0.30590267 999.69409733 0.99969410 0.30590267 2-A-1 0.00000000 0.26633106 999.73366894 0.99973367 0.26633106 3-A-1 0.00000000 4.01964161 995.98035839 0.99598036 4.01964161 B-1 0.00000000 0.21260398 999.78739602 0.99978740 0.21260398 B-2 0.00000000 0.21260363 999.78739637 0.99978740 0.21260363 B-3 0.00000000 0.21260461 999.78739539 0.99978740 0.21260461 B-4 0.00000000 0.21260596 999.78739404 0.99978739 0.21260596 B-5 0.00000000 0.21260309 999.78739691 0.99978740 0.21260309 B-6 0.00000000 0.21260626 999.78739374 0.99978739 0.21260626 A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 (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-A-1 78,739,000.00 4.47261% 78,739,000.00 293,473.82 0.00 0.00 2-A-1 104,537,000.00 4.44365% 104,537,000.00 387,104.82 0.00 0.00 3-A-1 181,505,000.00 4.97639% 181,505,000.00 752,699.62 0.00 0.00 B-1 11,060,000.00 4.71494% 11,060,000.00 43,455.99 0.00 0.00 B-2 4,463,000.00 4.71494% 4,463,000.00 17,535.63 0.00 0.00 B-3 3,298,000.00 4.71494% 3,298,000.00 12,958.22 0.00 0.00 B-4 1,746,000.00 4.71494% 1,746,000.00 6,860.23 0.00 0.00 B-5 1,164,000.00 4.71494% 1,164,000.00 4,573.49 0.00 0.00 B-6 1,553,435.00 4.71494% 1,553,435.00 6,103.62 0.00 0.00 A-R 100.00 4.47261% 100.00 0.37 0.00 0.00 Totals 388,065,535.00 1,524,765.81 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-A-1 0.00 0.00 293,473.82 0.00 78,714,913.53 2-A-1 0.00 0.00 387,104.82 0.00 104,509,158.55 3-A-1 0.00 0.00 752,699.62 0.00 180,775,414.95 B-1 0.00 0.00 43,455.99 0.00 11,057,648.60 B-2 0.00 0.00 17,535.63 0.00 4,462,051.15 B-3 0.00 0.00 12,958.22 0.00 3,297,298.83 B-4 0.00 0.00 6,860.23 0.00 1,745,628.79 B-5 0.00 0.00 4,573.49 0.00 1,163,752.53 B-6 0.00 0.00 6,103.62 0.00 1,553,104.73 A-R 0.00 0.00 1.14 0.00 0.00 Totals 0.00 0.00 1,524,766.58 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-A-1 78,739,000.00 4.47261% 1000.00000000 3.72717230 0.00000000 0.00000000 2-A-1 104,537,000.00 4.44365% 1000.00000000 3.70304122 0.00000000 0.00000000 3-A-1 181,505,000.00 4.97639% 1000.00000000 4.14699110 0.00000000 0.00000000 B-1 11,060,000.00 4.71494% 1000.00000000 3.92911302 0.00000000 0.00000000 B-2 4,463,000.00 4.71494% 1000.00000000 3.92911270 0.00000000 0.00000000 B-3 3,298,000.00 4.71494% 1000.00000000 3.92911461 0.00000000 0.00000000 B-4 1,746,000.00 4.71494% 1000.00000000 3.92911226 0.00000000 0.00000000 B-5 1,164,000.00 4.71494% 1000.00000000 3.92911512 0.00000000 0.00000000 B-6 1,553,435.00 4.71494% 1000.00000000 3.92911194 0.00000000 0.00000000 A-R 100.00 4.47261% 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-A-1 0.00000000 0.00000000 3.72717230 0.00000000 999.69409733 2-A-1 0.00000000 0.00000000 3.70304122 0.00000000 999.73366894 3-A-1 0.00000000 0.00000000 4.14699110 0.00000000 995.98035839 B-1 0.00000000 0.00000000 3.92911302 0.00000000 999.78739602 B-2 0.00000000 0.00000000 3.92911270 0.00000000 999.78739637 B-3 0.00000000 0.00000000 3.92911461 0.00000000 999.78739539 B-4 0.00000000 0.00000000 3.92911226 0.00000000 999.78739404 B-5 0.00000000 0.00000000 3.92911512 0.00000000 999.78739691 B-6 0.00000000 0.00000000 3.92911194 0.00000000 999.78739374 A-R 0.00000000 0.00000000 11.40000000 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 2,370,052.40 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 30,286.03 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2,400,338.43 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 89,008.51 Payment of Interest and Principal 2,311,329.92 Total Withdrawals (Pool Distribution Amount) 2,400,338.43 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 89,008.51 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 89,008.51
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 20 0 0 0 20 7,169,983.05 0.00 0.00 0.00 7,169,983.05 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 20 0 0 0 20 7,169,983.05 0.00 0.00 0.00 7,169,983.05 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.053388% 0.000000% 0.000000% 0.000000% 2.053388% 1.851063% 0.000000% 0.000000% 0.000000% 1.851063% 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 2.053388% 0.000000% 0.000000% 0.000000% 2.053388% 1.851063% 0.000000% 0.000000% 0.000000% 1.851063%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 3 765,999.99 0.00 0.00 0.00 765,999.99 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 3 765,999.99 0.00 0.00 0.00 765,999.99 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.304348% 0.000000% 0.000000% 0.000000% 1.304348% 0.914575% 0.000000% 0.000000% 0.000000% 0.914575% 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 1.304348% 0.000000% 0.000000% 0.000000% 1.304348% 0.914575% 0.000000% 0.000000% 0.000000% 0.914575% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 7 0 0 0 7 3,005,829.96 0.00 0.00 0.00 3,005,829.96 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 7 0 0 0 7 3,005,829.96 0.00 0.00 0.00 3,005,829.96 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.692308% 0.000000% 0.000000% 0.000000% 2.692308% 2.703147% 0.000000% 0.000000% 0.000000% 2.703147% 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 2.692308% 0.000000% 0.000000% 0.000000% 2.692308% 2.703147% 0.000000% 0.000000% 0.000000% 2.703147% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 10 0 0 0 10 3,398,153.10 0.00 0.00 0.00 3,398,153.10 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 10 0 0 0 10 3,398,153.10 0.00 0.00 0.00 3,398,153.10 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.066116% 0.000000% 0.000000% 0.000000% 2.066116% 1.766266% 0.000000% 0.000000% 0.000000% 1.766266% 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 2.066116% 0.000000% 0.000000% 0.000000% 2.066116% 1.766266% 0.000000% 0.000000% 0.000000% 1.766266%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 30,286.03
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 167,771.00 0.04323265% 167,771.00 0.04332045% Fraud 11,641,966.00 2.99999999% 11,641,966.00 3.00609298% Special Hazard 4,000,000.00 1.03075374% 4,000,000.00 1.03284719% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.990363% Weighted Average Net Coupon 4.714976% Weighted Average Pass-Through Rate 4.714977% Weighted Average Maturity(Stepdown Calculation ) 359 Beginning Scheduled Collateral Loan Count 976 Number Of Loans Paid In Full 2 Ending Scheduled Collateral Loan Count 974 Beginning Scheduled Collateral Balance 388,065,535.00 Ending Scheduled Collateral Balance 387,278,972.28 Ending Actual Collateral Balance at 30-Sep-2003 387,344,073.66 Monthly P &I Constant 1,696,327.52 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 387,278,972.28 Scheduled Principal 82,504.14 Unscheduled Principal 704,059.18
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.722607 4.707601 5.269375 Weighted Average Net Rate 4.472607 4.443650 4.976689 Weighted Average Maturity 358 358 358 Beginning Loan Count 230 260 486 Loans Paid In Full 0 0 2 Ending Loan Count 230 260 484 Beginning Scheduled Balance 83,765,280.00 111,209,613.00 193,090,642.00 Ending scheduled Balance 83,740,011.63 111,180,537.84 192,358,422.81 Record Date 09/30/2003 09/30/2003 09/30/2003 Principal And Interest Constant 347,697.35 456,842.89 891,787.28 Scheduled Principal 18,038.62 20,567.47 43,898.05 Unscheduled Principal 7,230.22 8,508.03 688,320.93 Scheduled Interest 329,658.73 436,275.42 847,889.23 Servicing Fees 17,451.10 24,461.63 47,095.78 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 0.00 48.28 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 312,207.63 411,813.79 800,745.17 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 4.472607 4.443649 4.976389
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 4.990363 Weighted Average Net Rate 4.714976 Weighted Average Maturity 359 Beginning Loan Count 976 Loans Paid In Full 2 Ending Loan Count 974 Beginning Scheduled Balance 388,065,535.00 Ending scheduled Balance 387,278,972.28 Record Date 09/30/2003 Principal And Interest Constant 1,696,327.52 Scheduled Principal 82,504.14 Unscheduled Principal 704,059.18 Scheduled Interest 1,613,823.38 Servicing Fees 89,008.51 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 48.28 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,524,766.59 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 4.714977
Miscellaneous Reporting Group 1 Senior Percentage 93.999685% Subordinate Percentage 6.000315% Senior Prepayment Percentage 100.000000% Group 2 Senior Percentage 93.999967% Subordinate Percentage 6.000033% Senior Prepayment Percentage 100.000000% Group 3 Senior Percentage 93.999895% Subordinate Percentage 6.000105% Senior Prepayment Percentage 100.000000%
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