-----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, CAbx9bXZRw0+12E5KIBdoi5HM+KDeN3XKcX2UdTnGJGHAQ1CBBQSlsinjci4hE+k TXGDFt+swjRmrtx8GPNmIA== 0001056404-04-000115.txt : 20040108 0001056404-04-000115.hdr.sgml : 20040108 20040108162414 ACCESSION NUMBER: 0001056404-04-000115 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031227 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ASSET BACK SECURITIES TRUST 2003-3 CENTRAL INDEX KEY: 0001265293 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-91334-10 FILM NUMBER: 04515729 BUSINESS ADDRESS: STREET 1: 245 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10167 MAIL ADDRESS: STREET 1: STROOCK & STROOCK & LAVAN LLP STREET 2: 180 MAIDEN LANE CITY: NEW YORK STATE: NY ZIP: 10038 8-K 1 bsa03003.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 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-10 54-2126363 Pooling and Servicing Agreement) (Commission 54-2126364 (State or other File Number) 54-2126362 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 BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset-Backed 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 Asset-Backed Certificates, Series 2003-3 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. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2003-3 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/6/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2003-3 Trust, relating to the December 26, 2003 distribution. EX-99.1
Bear Stearns Asset Backed Securities Asset-Backed Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 BSA 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 A-1 07384YLR5 SEN 1.31875% 177,749,473.85 201,850.56 7,995,589.15 A-IO 07384YLT1 SEN 5.00000% 0.00 114,770.82 0.00 A-2 07384YLS3 SEN 1.70875% 43,840,000.00 64,507.21 0.00 M-1 07384YLU8 MEZ 1.93875% 16,527,000.00 27,591.48 0.00 M-2 07384YLV6 MEZ 3.11875% 15,150,000.00 40,686.69 0.00 B 07384YLW4 SUB 4.61875% 9,641,000.00 38,344.73 0.00 B-IO 07384YMZ6 SUB 0.00000% 0.00 0.08 0.00 R-1 07384YLX2 RES 0.00000% 0.00 0.00 0.00 R-2 07384YLY0 RES 0.00000% 0.00 0.00 0.00 R-3 07384YLZ7 RES 0.00000% 0.00 0.00 0.00 OC BSA0303OC OC 0.00000% 1,493,046.61 0.00 0.00 Totals 264,400,520.46 487,751.57 7,995,589.15
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 169,753,884.70 8,197,439.71 0.00 A-IO 0.00 0.00 114,770.82 0.00 A-2 0.00 43,840,000.00 64,507.21 0.00 M-1 0.00 16,527,000.00 27,591.48 0.00 M-2 0.00 15,150,000.00 40,686.69 0.00 B 0.00 9,641,000.00 38,344.73 0.00 B-IO 0.00 0.00 0.08 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 OC 0.00 2,929,199.28 0.00 0.00 Totals 0.00 257,841,083.98 8,483,340.72 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-1 190,296,000.00 177,749,473.85 0.00 7,995,589.15 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 A-2 43,840,000.00 43,840,000.00 0.00 0.00 0.00 0.00 M-1 16,527,000.00 16,527,000.00 0.00 0.00 0.00 0.00 M-2 15,150,000.00 15,150,000.00 0.00 0.00 0.00 0.00 B 9,641,000.00 9,641,000.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 OC 359.01 1,493,046.61 0.00 0.00 0.00 0.00 Totals 275,454,509.01 264,400,520.46 0.00 7,995,589.15 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 7,995,589.15 169,753,884.70 0.89205178 7,995,589.15 A-IO 0.00 0.00 0.00000000 0.00 A-2 0.00 43,840,000.00 1.00000000 0.00 M-1 0.00 16,527,000.00 1.00000000 0.00 M-2 0.00 15,150,000.00 1.00000000 0.00 B 0.00 9,641,000.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 OC 0.00 2,929,199.28 8,159.10219771 0.00 Totals 7,995,589.15 257,841,083.98 0.93605686 7,995,589.15
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 190,296,000.00 934.06836639 0.00000000 42.01659073 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 43,840,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 16,527,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 15,150,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 9,641,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 359.01 4158788.36244116 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 42.01659073 892.05177565 0.89205178 42.01659073 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 8,159,102.19771037 8159.10219771 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-1 190,296,000.00 1.31875% 177,749,473.85 201,850.57 0.00 0.00 A-IO 0.00 5.00000% 27,545,000.00 114,770.83 0.00 0.00 A-2 43,840,000.00 1.70875% 43,840,000.00 64,507.21 0.00 0.00 M-1 16,527,000.00 1.93875% 16,527,000.00 27,591.48 0.00 0.00 M-2 15,150,000.00 3.11875% 15,150,000.00 40,686.69 0.00 0.00 B 9,641,000.00 4.61875% 9,641,000.00 38,344.73 0.00 0.00 B-IO 0.00 0.00000% 264,400,520.46 0.00 0.00 0.00 R-1 50.00 0.00000% 0.00 0.00 0.00 0.00 R-2 50.00 0.00000% 0.00 0.00 0.00 0.00 R-3 50.00 0.00000% 0.00 0.00 0.00 0.00 OC 359.01 0.00000% 1,493,046.61 0.00 0.00 0.00 Totals 275,454,509.01 487,751.51 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 0.02 0.00 201,850.56 0.00 169,753,884.70 A-IO 0.01 0.00 114,770.82 0.00 27,545,000.00 A-2 0.01 0.00 64,507.21 0.00 43,840,000.00 M-1 0.00 0.00 27,591.48 0.00 16,527,000.00 M-2 0.00 0.00 40,686.69 0.00 15,150,000.00 B 0.00 0.00 38,344.73 0.00 9,641,000.00 B-IO 0.00 0.00 0.08 0.00 257,841,083.98 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 OC 0.00 0.00 0.00 0.00 2,929,199.28 Totals 0.04 0.00 487,751.57 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-1 190,296,000.00 1.31875% 934.06836639 1.06071893 0.00000000 0.00000000 A-IO 0.00 5.00000% 1000.00000000 4.16666655 0.00000000 0.00000000 A-2 43,840,000.00 1.70875% 1000.00000000 1.47142359 0.00000000 0.00000000 M-1 16,527,000.00 1.93875% 1000.00000000 1.66947903 0.00000000 0.00000000 M-2 15,150,000.00 3.11875% 1000.00000000 2.68559010 0.00000000 0.00000000 B 9,641,000.00 4.61875% 1000.00000000 3.97725651 0.00000000 0.00000000 B-IO 0.00 0.00000% 959.87052596 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 OC 359.01 0.00000% 4158788.36244116 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 0.00000011 0.00000000 1.06071888 0.00000000 892.05177565 A-IO 0.00000036 0.00000000 4.16666618 0.00000000 1000.00000000 A-2 0.00000023 0.00000000 1.47142359 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.66947903 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.68559010 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.97725651 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 0.00000029 0.00000000 936.05737410 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 8159102.19771037 (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 8,578,760.07 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 299,054.12 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 8,877,814.19 Withdrawals Reimbursement for Servicer Advances 289,343.53 Payment of Service Fee 105,129.94 Payment of Interest and Principal 8,483,340.72 Total Withdrawals (Pool Distribution Amount) 8,877,814.19 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 0.04
SERVICING FEES Gross Servicing Fee 102,926.61 Master Servicing Fee 2,203.33 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 105,129.94
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 Financial Guaranty 0.00 0.00 0.00 0.00 Reserve Fund 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 103 0 0 103 5,444,243.21 0.00 0.00 5,444,243.21 30 Days 243 13 0 0 256 16,314,890.59 872,017.61 0.00 0.00 17,186,908.20 60 Days 95 14 0 0 109 6,778,731.92 629,998.24 0.00 0.00 7,408,730.16 90 Days 39 8 2 0 49 3,480,392.90 613,001.37 147,021.33 0.00 4,240,415.60 120 Days 21 5 1 0 27 1,699,220.05 277,097.68 89,705.08 0.00 2,066,022.81 150 Days 22 2 5 0 29 1,716,737.13 80,075.69 414,378.82 0.00 2,211,191.64 180+ Days 1 1 1 0 3 35,489.80 95,636.56 166,958.55 0.00 298,084.91 Totals 421 146 9 0 576 30,025,462.39 8,012,070.36 818,063.78 0.00 38,855,596.53 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 2.649859% 0.000000% 0.000000% 2.649859% 2.107510% 0.000000% 0.000000% 2.107510% 30 Days 6.251608% 0.334448% 0.000000% 0.000000% 6.586056% 6.315624% 0.337565% 0.000000% 0.000000% 6.653189% 60 Days 2.444044% 0.360175% 0.000000% 0.000000% 2.804219% 2.624101% 0.243877% 0.000000% 0.000000% 2.867978% 90 Days 1.003344% 0.205814% 0.051454% 0.000000% 1.260612% 1.347288% 0.237298% 0.056913% 0.000000% 1.641499% 120 Days 0.540262% 0.128634% 0.025727% 0.000000% 0.694623% 0.657782% 0.107267% 0.034726% 0.000000% 0.799774% 150 Days 0.565989% 0.051454% 0.128634% 0.000000% 0.746077% 0.664563% 0.030998% 0.160409% 0.000000% 0.855970% 180+ Days 0.025727% 0.025727% 0.025727% 0.000000% 0.077180% 0.013738% 0.037022% 0.064631% 0.000000% 0.115391% Totals 10.830975% 3.756110% 0.231541% 0.000000% 14.818626% 11.623095% 3.101536% 0.316679% 0.000000% 15.041310%
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 41 0 0 41 1,408,876.86 0.00 0.00 1,408,876.86 30 Days 98 6 0 0 104 5,317,795.88 461,487.60 0.00 0.00 5,779,283.48 60 Days 37 8 0 0 45 1,803,789.88 212,801.96 0.00 0.00 2,016,591.84 90 Days 14 3 1 0 18 703,411.13 138,856.13 15,687.06 0.00 857,954.32 120 Days 12 2 0 0 14 711,573.15 131,619.99 0.00 0.00 843,193.14 150 Days 14 2 1 0 17 751,389.72 80,075.69 91,219.89 0.00 922,685.30 180 Days 0 0 1 0 1 0.00 0.00 166,958.55 0.00 166,958.55 Totals 175 62 3 0 240 9,287,959.76 2,433,718.23 273,865.50 0.00 11,995,543.49 0-29 Days 2.167019% 0.000000% 0.000000% 2.167019% 1.257657% 0.000000% 0.000000% 1.257657% 30 Days 5.179704% 0.317125% 0.000000% 0.000000% 5.496829% 4.747018% 0.411954% 0.000000% 0.000000% 5.158972% 60 Days 1.955603% 0.422833% 0.000000% 0.000000% 2.378436% 1.610183% 0.189961% 0.000000% 0.000000% 1.800144% 90 Days 0.739958% 0.158562% 0.052854% 0.000000% 0.951374% 0.627912% 0.123952% 0.014003% 0.000000% 0.765867% 120 Days 0.634249% 0.105708% 0.000000% 0.000000% 0.739958% 0.635197% 0.117493% 0.000000% 0.000000% 0.752690% 150 Days 0.739958% 0.105708% 0.052854% 0.000000% 0.898520% 0.670740% 0.071481% 0.081429% 0.000000% 0.823650% 180 Days 0.000000% 0.000000% 0.052854% 0.000000% 0.052854% 0.000000% 0.000000% 0.149038% 0.000000% 0.149038% Totals 9.249471% 3.276956% 0.158562% 0.000000% 12.684989% 8.291050% 2.172499% 0.244471% 0.000000% 10.708019% 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 62 0 0 62 4,035,366.35 0.00 0.00 4,035,366.35 30 Days 145 7 0 0 152 10,997,094.71 410,530.01 0.00 0.00 11,407,624.72 60 Days 58 6 0 0 64 4,974,942.04 417,196.28 0.00 0.00 5,392,138.32 90 Days 25 5 1 0 31 2,776,981.77 474,145.24 131,334.27 0.00 3,382,461.28 120 Days 9 3 1 0 13 987,646.90 145,477.69 89,705.08 0.00 1,222,829.67 150 Days 8 0 4 0 12 965,347.41 0.00 323,158.93 0.00 1,288,506.34 180 Days 1 1 0 0 2 35,489.80 95,636.56 0.00 0.00 131,126.36 Totals 246 84 6 0 336 20,737,502.63 5,578,352.13 544,198.28 0.00 26,860,053.04 0-29 Days 3.107769% 0.000000% 0.000000% 3.107769% 2.758245% 0.000000% 0.000000% 2.758245% 30 Days 7.268170% 0.350877% 0.000000% 0.000000% 7.619048% 7.516711% 0.280605% 0.000000% 0.000000% 7.797315% 60 Days 2.907268% 0.300752% 0.000000% 0.000000% 3.208020% 3.400462% 0.285161% 0.000000% 0.000000% 3.685623% 90 Days 1.253133% 0.250627% 0.050125% 0.000000% 1.553885% 1.898117% 0.324087% 0.089769% 0.000000% 2.311973% 120 Days 0.451128% 0.150376% 0.050125% 0.000000% 0.651629% 0.675074% 0.099437% 0.061315% 0.000000% 0.835826% 150 Days 0.401003% 0.000000% 0.200501% 0.000000% 0.601504% 0.659832% 0.000000% 0.220885% 0.000000% 0.880717% 180 Days 0.050125% 0.050125% 0.000000% 0.000000% 0.100251% 0.024258% 0.065369% 0.000000% 0.000000% 0.089627% Totals 12.330827% 4.210526% 0.300752% 0.000000% 16.842105% 14.174454% 3.812903% 0.371969% 0.000000% 18.359326%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 299,054.12
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 9.208912% Weighted Average Net Coupon 8.741772% Weighted Average Pass-Through Rate 8.731772% Weighted Average Maturity(Stepdown Calculation ) 277 Beginning Scheduled Collateral Loan Count 3,964 Number Of Loans Paid In Full 77 Ending Scheduled Collateral Loan Count 3,887 Beginning Scheduled Collateral Balance 264,400,520.46 Ending Scheduled Collateral Balance 257,841,083.98 Ending Actual Collateral Balance at 30-Nov-2003 258,325,879.14 Monthly P &I Constant 2,384,382.68 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 257,841,083.98 Scheduled Principal 355,348.45 Unscheduled Principal 6,204,088.03 Required Overcollateralization Amount 8,539,085.13 Overcollateralized Increase Amount 1,436,152.67 Overcollateralized reduction Amount 0.00 Specified O/C Amount 8,539,085.13 Overcollateralized Amount 2,929,199.28 Overcollateralized Deficiency Amount 5,609,885.85 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 1,436,152.67 Excess Cash Amount 1,436,152.70
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 9.490057 8.996444 9.208912 Weighted Average Net Rate 9.066400 8.496444 8.741772 Weighted Average Maturity 257 292 277 Beginning Loan Count 1,923 2,041 3,964 Loans Paid In Full 31 46 77 Ending Loan Count 1,892 1,995 3,887 Beginning Scheduled Balance 113,807,073.58 150,593,446.88 264,400,520.46 Ending scheduled Balance 111,776,565.29 146,064,518.69 257,841,083.98 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 1,086,129.15 1,298,253.53 2,384,382.68 Scheduled Principal 186,099.48 169,248.97 355,348.45 Unscheduled Principal 1,844,408.81 4,359,679.22 6,204,088.03 Scheduled Interest 900,029.67 1,129,004.56 2,029,034.23 Servicing Fees 40,179.34 62,747.27 102,926.61 Master Servicing Fees 948.38 1,254.95 2,203.33 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 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 858,901.95 1,065,002.34 1,923,904.29 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 9.056399 8.486444 8.731772
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