-----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, Hta11UetSIzsdFQ6CyILk+AHT8wPE72H3X6ySjzaTIR96O+wcmMtPZlgNCv9/wAo NLj8woOx3JH+kD45o1u8yw== 0001056404-04-003115.txt : 20040927 0001056404-04-003115.hdr.sgml : 20040927 20040927072422 ACCESSION NUMBER: 0001056404-04-003115 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040924 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040927 DATE AS OF CHANGE: 20040927 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: 041046114 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_sep.txt SEPTEMBER 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): September 27, 2004 BEAR STEARNS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-10 54-2126362 Pooling and Servicing Agreement) (Commission 54-2126363 (State or other File Number) 54-2126364 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 27, 2004 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2003-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the September 27, 2004 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 Mortgage Pass-Through Certificates, Series 2003-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/23/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the September 27, 2004 distribution. EX-99.1
Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 8/31/2004 Distribution Date: 9/27/2004 BSA Series: 2003-3 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 1.81500% 111,941,614.47 186,242.86 7,941,978.39 A-IO 07384YLT1 SEN 5.00000% 0.00 114,770.83 0.00 A-2 07384YLS3 SEN 2.20500% 43,840,000.00 88,611.60 0.00 M-1 07384YLU8 MEZ 2.43500% 16,527,000.00 36,889.64 0.00 M-2 07384YLV6 MEZ 3.61500% 15,150,000.00 50,203.31 0.00 B 07384YLW4 SUB 5.11500% 9,641,000.00 45,204.24 0.00 B-IO 07384YMZ6 SUB 0.00000% 0.00 945,101.70 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% 8,539,085.13 0.00 0.00 Totals 205,638,699.60 1,467,024.18 7,941,978.39
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 103,999,636.08 8,128,221.25 0.00 A-IO 0.00 0.00 114,770.83 0.00 A-2 0.00 43,840,000.00 88,611.60 0.00 M-1 0.00 16,527,000.00 36,889.64 0.00 M-2 0.00 15,150,000.00 50,203.31 0.00 B 0.00 9,641,000.00 45,204.24 0.00 B-IO 0.00 0.00 945,101.70 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 8,539,085.13 0.00 0.00 Totals 0.00 197,696,721.21 9,409,002.57 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-1 190,296,000.00 111,941,614.47 0.00 7,941,978.39 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 8,539,085.13 0.00 0.00 0.00 0.00 Totals 275,454,509.01 205,638,699.60 0.00 7,941,978.39 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 7,941,978.39 103,999,636.08 0.54651509 7,941,978.39 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 8,539,085.13 23,785.08991393 0.00 Totals 7,941,978.39 197,696,721.21 0.71771096 7,941,978.39
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 190,296,000.00 588.24996043 0.00000000 41.73486773 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 23785089.91393000 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 41.73486773 546.51509270 0.54651509 41.73486773 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 0.0000000023,785,089.91393000 23785.08991393 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 1.81500% 111,941,614.47 186,242.86 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 2.20500% 43,840,000.00 88,611.60 0.00 0.00 M-1 16,527,000.00 2.43500% 16,527,000.00 36,889.64 0.00 0.00 M-2 15,150,000.00 3.61500% 15,150,000.00 50,203.31 0.00 0.00 B 9,641,000.00 5.11500% 9,641,000.00 45,204.24 0.00 0.00 B-IO 0.00 0.00000% 205,638,699.60 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% 8,539,085.13 0.00 0.00 0.00 Totals 275,454,509.01 521,922.48 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 0.00 186,242.86 0.00 103,999,636.08 A-IO 0.00 0.00 114,770.83 0.00 27,545,000.00 A-2 0.00 0.00 88,611.60 0.00 43,840,000.00 M-1 0.00 0.00 36,889.64 0.00 16,527,000.00 M-2 0.00 0.00 50,203.31 0.00 15,150,000.00 B 0.00 0.00 45,204.24 0.00 9,641,000.00 B-IO 0.00 0.00 945,101.70 0.00 197,696,721.21 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 8,539,085.13 Totals 0.00 0.00 1,467,024.18 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 1.81500% 588.24996043 0.97870087 0.00000000 0.00000000 A-IO 0.00 5.00000% 1000.00000000 4.16666655 0.00000000 0.00000000 A-2 43,840,000.00 2.20500% 1000.00000000 2.02125000 0.00000000 0.00000000 M-1 16,527,000.00 2.43500% 1000.00000000 2.23208326 0.00000000 0.00000000 M-2 15,150,000.00 3.61500% 1000.00000000 3.31374983 0.00000000 0.00000000 B 9,641,000.00 5.11500% 1000.00000000 4.68875013 0.00000000 0.00000000 B-IO 0.00 0.00000% 746.54363917 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% 23785089.91393000 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 0.97870087 0.00000000 546.51509270 A-IO 0.00000000 0.00000000 4.16666655 0.00000000 1000.00000000 A-2 0.00000000 0.00000000 2.02125000 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.23208326 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.31374983 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.68875013 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 3.43106460 0.00000000 717.71135487 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 23785089.91393000 (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 9,505,649.18 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 299,642.68 Realized Loss (Gains, Subsequent Expenses & Recoveries) (13,304.70) Prepayment Penalties 0.00 Total Deposits 9,791,987.16 Withdrawals Reimbursement for Servicer Advances 295,588.14 Payment of Service Fee 87,396.45 Payment of Interest and Principal 9,409,002.57 Total Withdrawals (Pool Distribution Amount) 9,791,987.16 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 85,682.77 Master Servicing Fee 1,713.68 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 87,396.45
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 122 0 0 122 6,250,368.13 0.00 0.00 6,250,368.13 30 Days 164 15 2 0 181 9,996,299.39 1,002,724.76 52,598.74 0.00 11,051,622.89 60 Days 71 13 0 0 84 4,207,684.33 557,250.71 0.00 0.00 4,764,935.04 90 Days 26 3 13 0 42 2,162,597.68 68,420.68 1,765,491.87 0.00 3,996,510.23 120 Days 14 6 11 0 31 672,185.07 347,719.26 1,419,295.96 0.00 2,439,200.29 150 Days 7 6 14 0 27 454,351.77 744,400.80 1,121,899.15 0.00 2,320,651.72 180+ Days 42 34 38 5 119 3,376,542.02 1,949,657.47 2,748,579.13 547,549.91 8,622,328.53 Totals 324 199 78 5 606 20,869,660.26 10,920,541.81 7,107,864.85 547,549.91 39,445,616.83 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 3.921569% 0.000000% 0.000000% 3.921569% 3.153696% 0.000000% 0.000000% 3.153696% 30 Days 5.271617% 0.482160% 0.064288% 0.000000% 5.818065% 5.043749% 0.505936% 0.026539% 0.000000% 5.576225% 60 Days 2.282224% 0.417872% 0.000000% 0.000000% 2.700096% 2.123036% 0.281167% 0.000000% 0.000000% 2.404203% 90 Days 0.835744% 0.096432% 0.417872% 0.000000% 1.350048% 1.091164% 0.034522% 0.890799% 0.000000% 2.016486% 120 Days 0.450016% 0.192864% 0.353584% 0.000000% 0.996464% 0.339159% 0.175446% 0.716122% 0.000000% 1.230727% 150 Days 0.225008% 0.192864% 0.450016% 0.000000% 0.867888% 0.229248% 0.375596% 0.566067% 0.000000% 1.170912% 180+ Days 1.350048% 1.092896% 1.221472% 0.160720% 3.825137% 1.703674% 0.983722% 1.386828% 0.276273% 4.350496% Totals 10.414658% 6.396657% 2.507232% 0.160720% 19.479267% 10.530030% 5.510086% 3.586356% 0.276273% 19.902744%
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 52 0 0 52 2,171,958.25 0.00 0.00 2,171,958.25 30 Days 60 8 1 0 69 2,711,821.34 443,904.04 19,153.68 0.00 3,174,879.06 60 Days 32 9 0 0 41 1,673,043.79 344,162.06 0.00 0.00 2,017,205.85 90 Days 9 2 4 0 15 765,873.54 13,029.78 90,880.25 0.00 869,783.57 120 Days 6 2 3 0 11 238,790.55 73,817.04 337,547.15 0.00 650,154.74 150 Days 2 2 7 0 11 49,010.40 96,367.72 451,351.96 0.00 596,730.08 180 Days 19 16 13 4 52 1,103,469.51 740,395.68 680,882.26 501,323.49 3,026,070.94 Totals 128 91 28 4 251 6,542,009.13 3,883,634.57 1,579,815.30 501,323.49 12,506,782.49 0-29 Days 3.616134% 0.000000% 0.000000% 3.616134% 2.597223% 0.000000% 0.000000% 2.597223% 30 Days 4.172462% 0.556328% 0.069541% 0.000000% 4.798331% 3.242791% 0.530820% 0.022904% 0.000000% 3.796514% 60 Days 2.225313% 0.625869% 0.000000% 0.000000% 2.851182% 2.000622% 0.411548% 0.000000% 0.000000% 2.412171% 90 Days 0.625869% 0.139082% 0.278164% 0.000000% 1.043115% 0.915830% 0.015581% 0.108674% 0.000000% 1.040085% 120 Days 0.417246% 0.139082% 0.208623% 0.000000% 0.764951% 0.285545% 0.088270% 0.403638% 0.000000% 0.777454% 150 Days 0.139082% 0.139082% 0.486787% 0.000000% 0.764951% 0.058607% 0.115236% 0.539726% 0.000000% 0.713569% 180 Days 1.321280% 1.112656% 0.904033% 0.278164% 3.616134% 1.319527% 0.885364% 0.814198% 0.599482% 3.618570% Totals 8.901252% 6.328234% 1.947149% 0.278164% 17.454798% 7.822922% 4.644043% 1.889140% 0.599482% 14.955586%
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 70 0 0 70 4,078,409.88 0.00 0.00 4,078,409.88 30 Days 104 7 1 0 112 7,284,478.05 558,820.72 33,445.06 0.00 7,876,743.83 60 Days 39 4 0 0 43 2,534,640.54 213,088.65 0.00 0.00 2,747,729.19 90 Days 17 1 9 0 27 1,396,724.14 55,390.90 1,674,611.62 0.00 3,126,726.66 120 Days 8 4 8 0 20 433,394.52 273,902.22 1,081,748.81 0.00 1,789,045.55 150 Days 5 4 7 0 16 405,341.37 648,033.08 670,547.19 0.00 1,723,921.64 180 Days 23 18 25 1 67 2,273,072.51 1,209,261.79 2,067,696.87 46,226.42 5,596,257.59 Totals 196 108 50 1 355 14,327,651.13 7,036,907.24 5,528,049.55 46,226.42 26,938,834.34 0-29 Days 4.184100% 0.000000% 0.000000% 4.184100% 3.559888% 0.000000% 0.000000% 3.559888% 30 Days 6.216378% 0.418410% 0.059773% 0.000000% 6.694561% 6.358342% 0.487773% 0.029193% 0.000000% 6.875308% 60 Days 2.331142% 0.239091% 0.000000% 0.000000% 2.570233% 2.212391% 0.185997% 0.000000% 0.000000% 2.398388% 90 Days 1.016139% 0.059773% 0.537956% 0.000000% 1.613867% 1.219147% 0.048349% 1.461704% 0.000000% 2.729200% 120 Days 0.478183% 0.239091% 0.478183% 0.000000% 1.195457% 0.378293% 0.239079% 0.944217% 0.000000% 1.561589% 150 Days 0.298864% 0.239091% 0.418410% 0.000000% 0.956366% 0.353807% 0.565643% 0.585295% 0.000000% 1.504745% 180 Days 1.374776% 1.075912% 1.494322% 0.059773% 4.004782% 1.984078% 1.055518% 1.804813% 0.040349% 4.884759% Totals 11.715481% 6.455469% 2.988643% 0.059773% 21.219366% 12.506058% 6.142247% 4.825223% 0.040349% 23.513877%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 299,642.68
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 9.148426% Weighted Average Net Coupon 8.648426% Weighted Average Pass-Through Rate 8.638426% Weighted Average Maturity(Stepdown Calculation ) 268 Beginning Scheduled Collateral Loan Count 3,212 Number Of Loans Paid In Full 101 Ending Scheduled Collateral Loan Count 3,111 Beginning Scheduled Collateral Balance 205,638,699.60 Ending Scheduled Collateral Balance 197,696,721.21 Ending Actual Collateral Balance at 31-Aug-2004 198,191,847.80 Monthly P &I Constant 1,880,212.91 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 13,304.70 Cumulative Realized Loss 545,995.31 Ending Scheduled Balance for Premium Loans 197,696,721.21 Scheduled Principal 312,487.57 Unscheduled Principal 7,629,490.82 Required Overcollateralization Amount 8,539,085.13 Overcollateralized Increase Amount 13,304.70 Overcollateralized reduction Amount 0.00 Specified O/C Amount 8,539,085.13 Overcollateralized Amount 8,539,085.13 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 13,304.70 Excess Cash Amount 958,406.39
Miscellaneous Reporting Three Month Rolling 10.762511% Trigger Event NO Yield Maintenance Amount 0
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 9.317559 9.024135 9.148426 Weighted Average Net Rate 8.817559 8.524135 8.648426 Weighted Average Maturity 248 283 268 Beginning Loan Count 1,495 1,717 3,212 Loans Paid In Full 57 44 101 Ending Loan Count 1,438 1,673 3,111 Beginning Scheduled Balance 87,106,248.26 118,532,451.34 205,638,699.60 Ending scheduled Balance 83,383,597.82 114,313,123.39 197,696,721.21 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 842,456.33 1,037,756.58 1,880,212.91 Scheduled Principal 166,108.33 146,379.24 312,487.57 Unscheduled Principal 3,556,542.11 4,072,948.71 7,629,490.82 Scheduled Interest 676,348.00 891,377.34 1,567,725.34 Servicing Fees 36,294.25 49,388.52 85,682.77 Master Servicing Fees 725.90 987.78 1,713.68 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 639,327.85 841,001.04 1,480,328.89 Realized Loss Amount 0.00 13,304.70 13,304.70 Cumulative Realized Loss 466,027.09 79,968.22 545,995.31 Percentage of Cumulative Losses 0.3960 0.0507 0.1982 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.807559 8.514135 8.638426
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