-----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, FvNT9b5mzTPbbp9xSj9nWQ8gd7VrU5tNpVeXhpx0ovc2JrxZG+bwGQnEzhmFklZi kquHNkdSpwxqhoRSp3/1rQ== 0001056404-03-002124.txt : 20031110 0001056404-03-002124.hdr.sgml : 20031110 20031110102918 ACCESSION NUMBER: 0001056404-03-002124 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: STRUCTURED ASSET MORT INV INC BEAR STEARNS ALT A TR 03 4 CENTRAL INDEX KEY: 0001265517 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68542-24 FILM NUMBER: 03986964 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bsl03004.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 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-24 54-2126415 Pooling and Servicing Agreement) (Commission 54-2126372 (State or other File Number) 54-2126414 jurisdiction 54-2126371 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 October 27, 2003 a distribution was made to holders of BEAR STEARNS ALT-A 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. BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-4 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: 11/6/03 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
Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 9/30/03 Distribution Date: 10/27/03 BSL 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 I-A-1 07386HBW0 SEN 1.49000% 233,600,000.00 261,048.00 5,089,704.41 I-A-2 07386HBX8 SEN 1.26000% 40,000,000.00 37,800.00 1,743,049.46 I-A-3 07386HBY6 SEN 1.69000% 40,000,000.00 50,700.00 0.00 II-A-1 07386HBZ3 SEN 1.44000% 62,000,000.00 66,960.00 5,397,606.05 II-A-2 07386HCA7 SEN 1.42000% 69,000,000.00 73,485.00 6,330,347.19 II-A-3 07386HCB5 SEN 1.72000% 3,714,000.00 4,791.06 0.00 M-1 07386HCC3 SUB 1.92000% 10,540,000.00 15,177.60 0.00 M-2 07386HCD1 SUB 2.97000% 9,365,300.00 20,861.21 0.00 B-IO 07386HCX7 SUB 0.00000% 0.00 1,568,146.67 0.00 OC BSL03004X SUB 0.00000% 17.66 0.00 0.00 XP 07386HDC2 SEN 0.00000% 100.00 0.00 0.00 R-I 07386HCY5 RES 0.00000% 0.00 0.00 0.00 R-II 07386HCZ2 RES 0.00000% 0.00 0.00 0.00 R-III 07386HDA6 RES 0.00000% 0.00 0.00 0.00 R-IV 07386HDB4 RES 0.00000% 0.00 0.00 0.00 Totals 468,219,417.66 2,098,969.54 18,560,707.11
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 228,510,295.59 5,350,752.41 0.00 I-A-2 0.00 38,256,950.54 1,780,849.46 0.00 I-A-3 0.00 40,000,000.00 50,700.00 0.00 II-A-1 0.00 56,602,393.95 5,464,566.05 0.00 II-A-2 0.00 62,669,652.81 6,403,832.19 0.00 II-A-3 0.00 3,714,000.00 4,791.06 0.00 M-1 0.00 10,540,000.00 15,177.60 0.00 M-2 0.00 9,365,300.00 20,861.21 0.00 B-IO 0.00 0.00 1,568,146.67 0.00 OC 0.00 17.53 0.00 0.00 XP 0.00 100.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 Totals 0.00 449,658,710.42 20,659,676.65 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) I-A-1 233,600,000.00 233,600,000.00 0.00 5,089,704.41 0.00 0.00 I-A-2 40,000,000.00 40,000,000.00 0.00 1,743,049.46 0.00 0.00 I-A-3 40,000,000.00 40,000,000.00 0.00 0.00 0.00 0.00 II-A-1 62,000,000.00 62,000,000.00 0.00 5,397,606.05 0.00 0.00 II-A-2 69,000,000.00 69,000,000.00 0.00 6,330,347.19 0.00 0.00 II-A-3 3,714,000.00 3,714,000.00 0.00 0.00 0.00 0.00 M-1 10,540,000.00 10,540,000.00 0.00 0.00 0.00 0.00 M-2 9,365,300.00 9,365,300.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 OC 17.66 17.66 0.00 0.00 0.00 0.00 XP 100.00 100.00 0.00 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 0.00 0.00 Totals 468,219,417.66 468,219,417.66 0.00 18,560,707.11 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 I-A-1 5,089,704.41 228,510,295.59 0.97821188 5,089,704.41 I-A-2 1,743,049.46 38,256,950.54 0.95642376 1,743,049.46 I-A-3 0.00 40,000,000.00 1.00000000 0.00 II-A-1 5,397,606.05 56,602,393.95 0.91294184 5,397,606.05 II-A-2 6,330,347.19 62,669,652.81 0.90825584 6,330,347.19 II-A-3 0.00 3,714,000.00 1.00000000 0.00 M-1 0.00 10,540,000.00 1.00000000 0.00 M-2 0.00 9,365,300.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 OC 0.00 17.53 0.99263873 0.00 XP 0.00 100.00 1.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 R-IV 0.00 0.00 0.00000000 0.00 Totals 18,560,707.11 449,658,710.42 0.96035895 18,560,707.11
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 233,600,000.00 1000.00000000 0.00000000 21.78811819 0.00000000 I-A-2 40,000,000.00 1000.00000000 0.00000000 43.57623650 0.00000000 I-A-3 40,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-1 62,000,000.00 1000.00000000 0.00000000 87.05816210 0.00000000 II-A-2 69,000,000.00 1000.00000000 0.00000000 91.74416217 0.00000000 II-A-3 3,714,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 10,540,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 9,365,300.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 17.66 1000.00000000 0.00000000 0.00000000 0.00000000 XP 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 21.78811819 978.21188181 0.97821188 21.78811819 I-A-2 0.00000000 43.57623650 956.42376350 0.95642376 43.57623650 I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-1 0.00000000 87.05816210 912.94183790 0.91294184 87.05816210 II-A-2 0.00000000 91.74416217 908.25583783 0.90825584 91.74416217 II-A-3 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-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 992.63873160 0.99263873 0.00000000 XP 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 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 I-A-1 233,600,000.00 1.49000% 233,600,000.00 261,048.00 0.00 0.00 I-A-2 40,000,000.00 1.26000% 40,000,000.00 37,800.00 0.00 0.00 I-A-3 40,000,000.00 1.69000% 40,000,000.00 50,700.00 0.00 0.00 II-A-1 62,000,000.00 1.44000% 62,000,000.00 66,960.00 0.00 0.00 II-A-2 69,000,000.00 1.42000% 69,000,000.00 73,485.00 0.00 0.00 II-A-3 3,714,000.00 1.72000% 3,714,000.00 4,791.06 0.00 0.00 M-1 10,540,000.00 1.92000% 10,540,000.00 15,177.60 0.00 0.00 M-2 9,365,300.00 2.97000% 9,365,300.00 20,861.21 0.00 0.00 B-IO 0.00 0.00000% 468,219,317.66 0.00 0.00 0.00 OC 17.66 0.00000% 17.66 0.00 0.00 0.00 XP 100.00 0.00000% 100.00 0.00 0.00 0.00 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 R-III 0.00 0.00000% 0.00 0.00 0.00 0.00 R-IV 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 468,219,417.66 530,822.87 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 I-A-1 0.00 0.00 261,048.00 0.00 228,510,295.59 I-A-2 0.00 0.00 37,800.00 0.00 38,256,950.54 I-A-3 0.00 0.00 50,700.00 0.00 40,000,000.00 II-A-1 0.00 0.00 66,960.00 0.00 56,602,393.95 II-A-2 0.00 0.00 73,485.00 0.00 62,669,652.81 II-A-3 0.00 0.00 4,791.06 0.00 3,714,000.00 M-1 0.00 0.00 15,177.60 0.00 10,540,000.00 M-2 0.00 0.00 20,861.21 0.00 9,365,300.00 B-IO 0.00 0.00 1,568,146.67 0.00 449,658,610.42 OC 0.00 0.00 0.00 0.00 17.53 XP 0.00 0.00 0.00 0.00 100.00 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,098,969.54 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 I-A-1 233,600,000.00 1.49000% 1000.00000000 1.11750000 0.00000000 0.00000000 I-A-2 40,000,000.00 1.26000% 1000.00000000 0.94500000 0.00000000 0.00000000 I-A-3 40,000,000.00 1.69000% 1000.00000000 1.26750000 0.00000000 0.00000000 II-A-1 62,000,000.00 1.44000% 1000.00000000 1.08000000 0.00000000 0.00000000 II-A-2 69,000,000.00 1.42000% 1000.00000000 1.06500000 0.00000000 0.00000000 II-A-3 3,714,000.00 1.72000% 1000.00000000 1.29000000 0.00000000 0.00000000 M-1 10,540,000.00 1.92000% 1000.00000000 1.44000000 0.00000000 0.00000000 M-2 9,365,300.00 2.97000% 1000.00000000 2.22750045 0.00000000 0.00000000 B-IO 0.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 OC 17.66 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 XP 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 I-A-1 0.00000000 0.00000000 1.11750000 0.00000000 978.21188181 I-A-2 0.00000000 0.00000000 0.94500000 0.00000000 956.42376350 I-A-3 0.00000000 0.00000000 1.26750000 0.00000000 1000.00000000 II-A-1 0.00000000 0.00000000 1.08000000 0.00000000 912.94183790 II-A-2 0.00000000 0.00000000 1.06500000 0.00000000 908.25583783 II-A-3 0.00000000 0.00000000 1.29000000 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.44000000 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.22750045 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 3.34917123 0.00000000 960.35894603 OC 0.00000000 0.00000000 0.00000000 0.00000000 992.63873160 XP 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 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 20,717,741.67 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 68,130.38 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 20,785,872.05 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 126,195.40 Payment of Interest and Principal 20,659,676.65 Total Withdrawals (Pool Distribution Amount) 20,785,872.05 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 5,011.07
SERVICING FEES Gross Servicing Fee 104,351.94 Additional Servicing Fee 6,843.00 Miscellaneous Fee 15,000.46 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 126,195.40
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 25 0 0 0 25 10,481,038.22 0.00 0.00 0.00 10,481,038.22 60 Days 3 0 0 0 3 1,230,375.81 0.00 0.00 0.00 1,230,375.81 90 Days 1 0 0 0 1 428,673.76 0.00 0.00 0.00 428,673.76 120 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 29 0 0 0 29 12,140,087.79 0.00 0.00 0.00 12,140,087.79 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 2.272727% 0.000000% 0.000000% 0.000000% 2.272727% 2.893822% 0.000000% 0.000000% 0.000000% 2.893822% 60 Days 0.272727% 0.000000% 0.000000% 0.000000% 0.272727% 0.339708% 0.000000% 0.000000% 0.000000% 0.339708% 90 Days 0.090909% 0.000000% 0.000000% 0.000000% 0.090909% 0.118357% 0.000000% 0.000000% 0.000000% 0.118357% 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 2.636364% 0.000000% 0.000000% 0.000000% 2.636364% 3.351886% 0.000000% 0.000000% 0.000000% 3.351886%
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 14 0 0 0 14 5,948,034.01 0.00 0.00 0.00 5,948,034.01 60 Days 1 0 0 0 1 179,000.00 0.00 0.00 0.00 179,000.00 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 15 0 0 0 15 6,127,034.01 0.00 0.00 0.00 6,127,034.01 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.765448% 0.000000% 0.000000% 0.000000% 1.765448% 2.551278% 0.000000% 0.000000% 0.000000% 2.551278% 60 Days 0.126103% 0.000000% 0.000000% 0.000000% 0.126103% 0.076778% 0.000000% 0.000000% 0.000000% 0.076778% 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 1.891551% 0.000000% 0.000000% 0.000000% 1.891551% 2.628056% 0.000000% 0.000000% 0.000000% 2.628056% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 11 0 0 0 11 4,533,004.21 0.00 0.00 0.00 4,533,004.21 60 Days 2 0 0 0 2 1,051,375.81 0.00 0.00 0.00 1,051,375.81 90 Days 1 0 0 0 1 428,673.76 0.00 0.00 0.00 428,673.76 120 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 14 0 0 0 14 6,013,053.78 0.00 0.00 0.00 6,013,053.78 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.583062% 0.000000% 0.000000% 0.000000% 3.583062% 3.512667% 0.000000% 0.000000% 0.000000% 3.512667% 60 Days 0.651466% 0.000000% 0.000000% 0.000000% 0.651466% 0.814721% 0.000000% 0.000000% 0.000000% 0.814721% 90 Days 0.325733% 0.000000% 0.000000% 0.000000% 0.325733% 0.332183% 0.000000% 0.000000% 0.000000% 0.332183% 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 4.560261% 0.000000% 0.000000% 0.000000% 4.560261% 4.659571% 0.000000% 0.000000% 0.000000% 4.659571%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 68,130.38
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.033512% Weighted Average Net Coupon 6.766068% Weighted Average Pass-Through Rate 6.635517% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 1,148 Number Of Loans Paid In Full 48 Ending Scheduled Collateral Loan Count 1,100 Beginning Scheduled Collateral Balance 468,219,417.66 Ending Scheduled Collateral Balance 361,933,609.33 Ending Actual Collateral Balance at 30-Sep-2003 362,186,748.62 Monthly P &I Constant 2,551,497.23 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 361,933,609.33 Scheduled Principal 321,321.27 Unscheduled Principal 18,239,385.84
Beg Bal Group 1 Prefunding Account $87,725,001.09 End Bal Group 1 Prefunding Account $0.00 Amt Withdrawn Group 1 Prefunding Account for Subsequent Loans $87,725,001.09 Beg Bal Group 1 Interest Coverage Account $1,039,574.16 Group 1 Int Cvg Amount used for 10/27/03 Distribution $395,262.59
Miscellaneous Reporting Trigger Event NO
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.978661 7.127000 7.033512 Weighted Average Net Rate 0.000000 0.000000 6.766068 Weighted Average Maturity 357 330 348 Beginning Loan Count 812 336 1,148 Loans Paid In Full 19 29 48 Ending Loan Count 793 307 1,100 Beginning Scheduled Balance 239,800,807.98 140,693,508.43 380,494,316.41 Ending scheduled Balance 232,968,054.11 128,965,555.22 361,933,609.33 Record Date 09/30/2003 09/30/2003 09/30/2003 Principal And Interest Constant 1,606,339.75 945,157.48 2,551,497.23 Scheduled Principal 211,765.93 109,555.34 321,321.27 Unscheduled Principal 6,620,987.94 11,618,397.90 18,239,385.84 Scheduled Interest 1,394,573.82 835,602.14 2,230,175.96 Servicing Fees 69,373.43 34,978.51 104,351.94 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 6,980.33 14,863.13 21,843.46 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 1,318,220.06 785,760.50 2,103,980.56 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 6.596575 6.701891 6.635517
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