-----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, SPCoadUPkAagjGbkcwuywZ/AiMpHuhP8/3Xo9ZprDvsMgORjX1sVlGUpxduLVHIJ wHOnDSaFxZ0vPcs2H0gl1g== 0001056404-04-002600.txt : 20040805 0001056404-04-002600.hdr.sgml : 20040805 20040805122447 ACCESSION NUMBER: 0001056404-04-002600 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040802 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040805 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-68542-24 FILM NUMBER: 04953991 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K/A 1 bsl03004_may.txt MAY 8KA UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K/A Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 25, 2004 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, 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 Subsequent to filing the 8-K relating to the payment date on May 25, 2004, a revision was made to the BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2003-4 which was not included in the original 8-K filed. The 8-K is being amended because the delinquency stratification table has been revised. This revision was not previously disclosed in a 1934 Act filing. The revised data has been and will continue to be available on the Wells Fargo Bank, as Securities Administrator,website at www.ctslink.com. 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 Amended monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-4 Trust, relating to the May 25, 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 ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-4 Trust 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: 7/15/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-4 Trust, relating to the May 25, 2004 distribution. EX-99.1
Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 4/30/04 Distribution Date: 5/25/04 BSL Series: 2003-4 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 I-A-1 07386HBW0 SEN 1.47000% 194,631,053.55 230,475.64 8,565,410.99 I-A-2 07386HBX8 SEN 1.24000% 26,654,470.39 26,624.86 2,933,359.93 I-A-3 07386HBY6 SEN 1.67000% 40,000,000.00 53,811.12 0.00 II-A-1 07386HBZ3 SEN 1.42000% 31,134,390.23 35,614.29 2,527,038.23 II-A-2 07386HCA7 SEN 1.40000% 32,800,613.73 36,991.81 2,963,726.74 II-A-3 07386HCB5 SEN 1.70000% 3,714,000.00 5,086.12 0.00 M-1 07386HCC3 SUB 1.90000% 10,540,000.00 16,132.06 0.00 M-2 07386HCD1 SUB 2.95000% 9,365,300.00 22,255.60 0.00 B-IO 07386HCX7 SUB 0.00000% 0.00 1,078,087.32 0.00 OC BSL03004X SUB 0.00000% 2,341,097.00 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 351,181,024.90 1,505,078.82 16,989,535.89
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 186,065,642.56 8,795,886.63 0.00 I-A-2 0.00 23,721,110.46 2,959,984.79 0.00 I-A-3 0.00 40,000,000.00 53,811.12 0.00 II-A-1 0.00 28,607,352.00 2,562,652.52 0.00 II-A-2 0.00 29,836,886.99 3,000,718.55 0.00 II-A-3 0.00 3,714,000.00 5,086.12 0.00 M-1 0.00 10,540,000.00 16,132.06 0.00 M-2 0.00 9,365,300.00 22,255.60 0.00 B-IO 0.00 0.00 1,078,087.32 0.00 OC 0.00 2,341,097.00 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 0.00 334,191,489.01 18,494,614.71 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-1 233,600,000.00 194,631,053.55 0.00 8,565,410.99 0.00 0.00 I-A-2 40,000,000.00 26,654,470.39 0.00 2,933,359.93 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 31,134,390.23 0.00 2,527,038.23 0.00 0.00 II-A-2 69,000,000.00 32,800,613.73 0.00 2,963,726.74 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 2,341,097.00 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 468,219,417.66 351,181,024.90 0.00 16,989,535.89 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 8,565,410.99 186,065,642.56 0.79651388 8,565,410.99 I-A-2 2,933,359.93 23,721,110.46 0.59302776 2,933,359.93 I-A-3 0.00 40,000,000.00 1.00000000 0.00 II-A-1 2,527,038.23 28,607,352.00 0.46140890 2,527,038.23 II-A-2 2,963,726.74 29,836,886.99 0.43241865 2,963,726.74 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 2,341,097.00 132,564.94903737 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 16,989,535.89 334,191,489.01 0.71374974 16,989,535.89
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 233,600,000.00 833.18087992 0.00000000 36.66699910 0.00000000 I-A-2 40,000,000.00 666.36175975 0.00000000 73.33399825 0.00000000 I-A-3 40,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-1 62,000,000.00 502.16758435 0.00000000 40.75868113 0.00000000 II-A-2 69,000,000.00 475.37121348 0.00000000 42.95256145 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 132564949.03737300 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 36.66699910 796.51388082 0.79651388 36.66699910 I-A-2 0.00000000 73.33399825 593.02776150 0.59302776 73.33399825 I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-1 0.00000000 40.75868113 461.40890323 0.46140890 40.75868113 II-A-2 0.00000000 42.95256145 432.41865203 0.43241865 42.95256145 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 132,564,949.03737300 132564.94903737 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 1.47000% 194,631,053.55 230,475.61 0.00 0.00 I-A-2 40,000,000.00 1.24000% 26,654,470.39 26,624.85 0.00 0.00 I-A-3 40,000,000.00 1.67000% 40,000,000.00 53,811.11 0.00 0.00 II-A-1 62,000,000.00 1.42000% 31,134,390.23 35,614.28 0.00 0.00 II-A-2 69,000,000.00 1.40000% 32,800,613.73 36,991.80 0.00 0.00 II-A-3 3,714,000.00 1.70000% 3,714,000.00 5,086.12 0.00 0.00 M-1 10,540,000.00 1.90000% 10,540,000.00 16,132.06 0.00 0.00 M-2 9,365,300.00 2.95000% 9,365,300.00 22,255.59 0.00 0.00 B-IO 0.00 0.00000% 351,180,924.90 0.00 0.00 0.00 OC 17.66 0.00000% 2,341,097.00 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 468,219,417.66 426,991.42 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 0.00 230,475.64 0.00 186,065,642.56 I-A-2 0.00 0.00 26,624.86 0.00 23,721,110.46 I-A-3 0.00 0.00 53,811.12 0.00 40,000,000.00 II-A-1 0.00 0.00 35,614.29 0.00 28,607,352.00 II-A-2 0.00 0.00 36,991.81 0.00 29,836,886.99 II-A-3 0.00 0.00 5,086.12 0.00 3,714,000.00 M-1 0.00 0.00 16,132.06 0.00 10,540,000.00 M-2 0.00 0.00 22,255.60 0.00 9,365,300.00 B-IO 0.00 0.00 1,078,087.32 0.00 334,191,389.01 OC 0.00 0.00 0.00 0.00 2,341,097.00 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 1,505,078.82 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 I-A-1 233,600,000.00 1.47000% 833.18087992 0.98662504 0.00000000 0.00000000 I-A-2 40,000,000.00 1.24000% 666.36175975 0.66562125 0.00000000 0.00000000 I-A-3 40,000,000.00 1.67000% 1000.00000000 1.34527775 0.00000000 0.00000000 II-A-1 62,000,000.00 1.42000% 502.16758435 0.57442387 0.00000000 0.00000000 II-A-2 69,000,000.00 1.40000% 475.37121348 0.53611304 0.00000000 0.00000000 II-A-3 3,714,000.00 1.70000% 1000.00000000 1.36944534 0.00000000 0.00000000 M-1 10,540,000.00 1.90000% 1000.00000000 1.53055598 0.00000000 0.00000000 M-2 9,365,300.00 2.95000% 1000.00000000 2.37638837 0.00000000 0.00000000 B-IO 0.00 0.00000% 750.03510461 0.00000000 0.00000000 0.00000000 OC 17.66 0.00000% 132564949.03737300 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 0.98662517 0.00000000 796.51388082 I-A-2 0.00000000 0.00000000 0.66562150 0.00000000 593.02776150 I-A-3 0.00000000 0.00000000 1.34527800 0.00000000 1000.00000000 II-A-1 0.00000000 0.00000000 0.57442403 0.00000000 461.40890323 II-A-2 0.00000000 0.00000000 0.53611319 0.00000000 432.41865203 II-A-3 0.00000000 0.00000000 1.36944534 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.53055598 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.37638944 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 2.30252636 0.00000000 713.74968184 OC 0.00000000 0.00000000 0.00000000 0.00000000 132564949.03737300 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 18,668,713.05 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 43,471.47 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 18,712,184.52 Withdrawals Reimbursement for Servicer Advances 104,263.99 Payment of Service Fee 113,305.82 Payment of Interest and Principal 18,494,614.71 Total Withdrawals (Pool Distribution Amount) 18,712,184.52 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 101,627.19 Additional Servicing Fee 5,375.79 Miscellaneous Fee 6,302.84 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 113,305.82
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 5 0 0 5 1,675,244.74 0.00 0.00 1,675,244.74 30 Days 6 0 0 0 6 2,619,282.73 0.00 0.00 0.00 2,619,282.73 60 Days 2 1 0 0 3 508,693.41 558,470.94 0.00 0.00 1,067,164.35 90 Days 2 0 2 0 4 828,150.26 0.00 680,894.52 0.00 1,509,044.78 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 1 0 1 0.00 0.00 294,264.42 0.00 294,264.42 180+ Days 1 1 2 0 4 304,771.00 427,534.91 745,028.02 0.00 1,477,333.93 Totals 11 7 5 0 23 4,260,897.40 2,661,250.59 1,720,186.96 0.00 8,642,334.95 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 0.441306% 0.000000% 0.000000% 0.441306% 0.501094% 0.000000% 0.000000% 0.501094% 30 Days 0.529568% 0.000000% 0.000000% 0.000000% 0.529568% 0.783472% 0.000000% 0.000000% 0.000000% 0.783472% 60 Days 0.176523% 0.088261% 0.000000% 0.000000% 0.264784% 0.152159% 0.167048% 0.000000% 0.000000% 0.319207% 90 Days 0.176523% 0.000000% 0.176523% 0.000000% 0.353045% 0.247714% 0.000000% 0.203667% 0.000000% 0.451381% 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% 0.088261% 0.000000% 0.088261% 0.000000% 0.000000% 0.088019% 0.000000% 0.088019% 180+ Days 0.088261% 0.088261% 0.176523% 0.000000% 0.353045% 0.091162% 0.127883% 0.222851% 0.000000% 0.441896% Totals 0.970874% 0.617829% 0.441306% 0.000000% 2.030009% 1.274507% 0.796025% 0.514537% 0.000000% 2.585069%
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 5 0 0 5 1,675,244.74 0.00 0.00 1,675,244.74 30 Days 6 0 0 0 6 2,619,282.73 0.00 0.00 0.00 2,619,282.73 60 Days 2 0 0 0 2 508,693.41 0.00 0.00 0.00 508,693.41 90 Days 0 0 2 0 2 0.00 0.00 680,894.52 0.00 680,894.52 120 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 1 0 1 0.00 0.00 412,828.00 0.00 412,828.00 Totals 8 5 3 0 16 3,127,976.14 1,675,244.74 1,093,722.52 0.00 5,896,943.40 0-29 Days 0.517598% 0.000000% 0.000000% 0.517598% 0.633405% 0.000000% 0.000000% 0.633405% 30 Days 0.621118% 0.000000% 0.000000% 0.000000% 0.621118% 0.990343% 0.000000% 0.000000% 0.000000% 0.990343% 60 Days 0.207039% 0.000000% 0.000000% 0.000000% 0.207039% 0.192335% 0.000000% 0.000000% 0.000000% 0.192335% 90 Days 0.000000% 0.000000% 0.207039% 0.000000% 0.207039% 0.000000% 0.000000% 0.257444% 0.000000% 0.257444% 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% 0.103520% 0.000000% 0.103520% 0.000000% 0.000000% 0.156089% 0.000000% 0.156089% Totals 0.828157% 0.517598% 0.310559% 0.000000% 1.656315% 1.182678% 0.633405% 0.413533% 0.000000% 2.229616% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 1 0 0 1 0.00 558,470.94 0.00 0.00 558,470.94 90 Days 2 0 0 0 2 828,150.26 0.00 0.00 0.00 828,150.26 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 1 0 1 0.00 0.00 294,264.42 0.00 294,264.42 180 Days 1 1 1 0 3 304,771.00 427,534.91 332,200.02 0.00 1,064,505.93 Totals 3 2 2 0 7 1,132,921.26 986,005.85 626,464.44 0.00 2,745,391.55 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.598802% 0.000000% 0.000000% 0.598802% 0.000000% 0.799702% 0.000000% 0.000000% 0.799702% 90 Days 1.197605% 0.000000% 0.000000% 0.000000% 1.197605% 1.185869% 0.000000% 0.000000% 0.000000% 1.185869% 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% 0.598802% 0.000000% 0.598802% 0.000000% 0.000000% 0.421372% 0.000000% 0.421372% 180 Days 0.598802% 0.598802% 0.598802% 0.000000% 1.796407% 0.436416% 0.612208% 0.475693% 0.000000% 1.524318% Totals 1.796407% 1.197605% 1.197605% 0.000000% 4.191617% 1.622285% 1.411910% 0.897065% 0.000000% 3.931259%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 43,471.47
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.688779% Weighted Average Net Coupon 5.341515% Weighted Average Pass-Through Rate 5.301608% Weighted Average Maturity(Stepdown Calculation ) 341 Beginning Scheduled Collateral Loan Count 1,178 Number Of Loans Paid In Full 45 Ending Scheduled Collateral Loan Count 1,133 Beginning Scheduled Collateral Balance 351,180,924.90 Ending Scheduled Collateral Balance 334,191,389.01 Ending Actual Collateral Balance at 30-Apr-2004 334,317,407.13 Monthly P &I Constant 1,914,411.13 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 334,191,389.01 Scheduled Principal 249,585.50 Unscheduled Principal 16,739,950.39 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,341,097.00 Overcollateralized Amount 2,341,097.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,078,087.38
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 5.300076 7.113678 5.688779 Weighted Average Net Rate 4.941155 6.809140 5.341515 Weighted Average Maturity 350 323 341 Beginning Loan Count 998 180 1,178 Loans Paid In Full 32 13 45 Ending Loan Count 966 167 1,133 Beginning Scheduled Balance 275,913,410.19 75,267,514.71 351,180,924.90 Ending scheduled Balance 264,414,639.27 69,776,749.74 334,191,389.01 Record Date 04/30/2004 04/30/2004 04/30/2004 Principal And Interest Constant 1,407,283.10 507,128.03 1,914,411.13 Scheduled Principal 188,648.16 60,937.34 249,585.50 Unscheduled Principal 11,310,122.76 5,429,827.63 16,739,950.39 Scheduled Interest 1,218,634.94 446,190.69 1,664,825.63 Servicing Fees 82,525.73 19,101.46 101,627.19 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 5,375.79 6,302.84 11,678.63 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 1,130,733.42 420,786.39 1,551,519.81 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 4.917775 6.708654 5.301608
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