-----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, H0n1IpbXuKy4tWoxpFQ/iEbXeGiQMAmpOYgjEOxcmTR2tMg42U6LyRAWCuoJXN2G vZixKOVx8VD0RWQmGH1WgA== 0001056404-04-000296.txt : 20040113 0001056404-04-000296.hdr.sgml : 20040113 20040113081737 ACCESSION NUMBER: 0001056404-04-000296 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031225 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIELDSTONE MORTGAGE INVESTMENT CORP SERIES 2003-1 CENTRAL INDEX KEY: 0001266342 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106925-09 FILM NUMBER: 04521678 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 FORMER COMPANY: FORMER CONFORMED NAME: STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2003-1 DATE OF NAME CHANGE: 20031007 8-K 1 fld03001.txt DECEMBER 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): December 26, 2003 FIELDSTONE MORTGAGE INVESTMENT CORP Mortgage Pass-Through Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106925-09 54-2132841 Pooling and Servicing Agreement) (Commission 54-2132842 (State or other File Number) 54-2132843 jurisdiction 54-2132844 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 December 26, 2003 a distribution was made to holders of FIELDSTONE MORTGAGE INVESTMENT CORP, Mortgage Pass-Through Certificates, Series 2003-1 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 2003-1 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. FIELDSTONE MORTGAGE INVESTMENT CORP Mortgage Pass-Through Certificates, Series 2003-1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trust 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 Mortgage Pass-Through Certificates, Series 2003-1 Trust, relating to the December 26, 2003 distribution. EX-99.1
Fieldstone Mortgage Investors Corp Mortgage Pass-Through Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 FMIC Series: 2003-1 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 31695TAA3 SEN 1.46875% 308,922,061.99 390,711.32 974,782.89 2-A1 31695TAB1 SEN 1.33875% 70,222,800.70 80,953.72 44,803.13 2-A2 31695TAC9 SEN 1.61875% 18,513,000.00 25,805.71 0.00 A-IO 31695TAD7 SEN 6.00000% 0.00 600,000.00 0.00 M1 31695TAE5 MEZ 1.79875% 32,511,000.00 50,357.06 0.00 M2 31695TAF2 MEZ 2.86875% 26,260,000.00 64,870.41 0.00 M3 31695TAG0 MEZ 3.16875% 8,753,000.00 23,883.84 0.00 M4 31695TAH8 MEZ 4.11875% 7,503,000.00 26,610.90 0.00 M5 31695TAJ4 MEZ 4.36875% 5,001,000.00 18,813.66 0.00 B 31695TAK1 SEN 4.36875% 6,253,000.00 23,523.66 0.00 X FLD03001X SEN 0.00000% 13,754,881.00 1,383,558.20 0.00 R FLD030014 SEN 0.00000% 0.00 0.00 0.00 Totals 497,693,743.69 2,689,088.48 1,019,586.02
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A 0.00 307,947,279.10 1,365,494.21 0.00 2-A1 0.00 70,177,997.57 125,756.85 0.00 2-A2 0.00 18,513,000.00 25,805.71 0.00 A-IO 0.00 0.00 600,000.00 0.00 M1 0.00 32,511,000.00 50,357.06 0.00 M2 0.00 26,260,000.00 64,870.41 0.00 M3 0.00 8,753,000.00 23,883.84 0.00 M4 0.00 7,503,000.00 26,610.90 0.00 M5 0.00 5,001,000.00 18,813.66 0.00 B 0.00 6,253,000.00 23,523.66 0.00 X 0.00 13,754,881.00 1,383,558.20 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 496,674,157.67 3,708,674.50 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 312,896,000.00 308,922,061.99 0.00 974,782.89 0.00 0.00 2-A1 71,233,000.00 70,222,800.70 0.00 44,803.13 0.00 0.00 2-A2 18,513,000.00 18,513,000.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M1 32,511,000.00 32,511,000.00 0.00 0.00 0.00 0.00 M2 26,260,000.00 26,260,000.00 0.00 0.00 0.00 0.00 M3 8,753,000.00 8,753,000.00 0.00 0.00 0.00 0.00 M4 7,503,000.00 7,503,000.00 0.00 0.00 0.00 0.00 M5 5,001,000.00 5,001,000.00 0.00 0.00 0.00 0.00 B 6,253,000.00 6,253,000.00 0.00 0.00 0.00 0.00 X 11,254,479.36 13,754,881.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 500,177,479.36 497,693,743.69 0.00 1,019,586.02 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 974,782.89 307,947,279.10 0.98418413 974,782.89 2-A1 44,803.13 70,177,997.57 0.98518941 44,803.13 2-A2 0.00 18,513,000.00 1.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 M1 0.00 32,511,000.00 1.00000000 0.00 M2 0.00 26,260,000.00 1.00000000 0.00 M3 0.00 8,753,000.00 1.00000000 0.00 M4 0.00 7,503,000.00 1.00000000 0.00 M5 0.00 5,001,000.00 1.00000000 0.00 B 0.00 6,253,000.00 1.00000000 0.00 X 0.00 13,754,881.00 1.22216946 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1,019,586.02 496,674,157.67 0.99299584 1,019,586.02
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A 312,896,000.00 987.29949245 0.00000000 3.11535747 0.00000000 2-A1 71,233,000.00 985.81838053 0.00000000 0.62896593 0.00000000 2-A2 18,513,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 32,511,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 26,260,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 8,753,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 7,503,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 5,001,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 6,253,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 11,254,479.36 1222.16946338 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 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 0.00000000 3.11535747 984.18413498 0.98418413 3.11535747 2-A1 0.00000000 0.62896593 985.18941460 0.98518941 0.62896593 2-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,222.16946338 1.22216946 0.00000000 R 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 1-A 312,896,000.00 1.46875% 308,922,061.99 390,711.32 0.00 0.00 2-A1 71,233,000.00 1.33875% 70,222,800.70 80,953.72 0.00 0.00 2-A2 18,513,000.00 1.61875% 18,513,000.00 25,805.71 0.00 0.00 A-IO 0.00 6.00000% 120,000,000.00 600,000.00 0.00 0.00 M1 32,511,000.00 1.79875% 32,511,000.00 50,357.06 0.00 0.00 M2 26,260,000.00 2.86875% 26,260,000.00 64,870.41 0.00 0.00 M3 8,753,000.00 3.16875% 8,753,000.00 23,883.84 0.00 0.00 M4 7,503,000.00 4.11875% 7,503,000.00 26,610.90 0.00 0.00 M5 5,001,000.00 4.36875% 5,001,000.00 18,813.66 0.00 0.00 B 6,253,000.00 4.36875% 6,253,000.00 23,523.66 0.00 0.00 X 11,254,479.36 0.00000% 13,754,881.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 500,177,479.36 1,305,530.28 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 0.00 0.00 390,711.32 0.00 307,947,279.10 2-A1 0.00 0.00 80,953.72 0.00 70,177,997.57 2-A2 0.00 0.00 25,805.71 0.00 18,513,000.00 A-IO 0.00 0.00 600,000.00 0.00 120,000,000.00 M1 0.00 0.00 50,357.06 0.00 32,511,000.00 M2 0.00 0.00 64,870.41 0.00 26,260,000.00 M3 0.00 0.00 23,883.84 0.00 8,753,000.00 M4 0.00 0.00 26,610.90 0.00 7,503,000.00 M5 0.00 0.00 18,813.66 0.00 5,001,000.00 B 0.00 0.00 23,523.66 0.00 6,253,000.00 X 0.00 0.00 1,383,558.20 0.00 13,754,881.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,689,088.48 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 312,896,000.00 1.46875% 987.29949245 1.24869388 0.00000000 0.00000000 2-A1 71,233,000.00 1.33875% 985.81838053 1.13646372 0.00000000 0.00000000 2-A2 18,513,000.00 1.61875% 1000.00000000 1.39392373 0.00000000 0.00000000 A-IO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M1 32,511,000.00 1.79875% 1000.00000000 1.54892375 0.00000000 0.00000000 M2 26,260,000.00 2.86875% 1000.00000000 2.47031264 0.00000000 0.00000000 M3 8,753,000.00 3.16875% 1000.00000000 2.72864618 0.00000000 0.00000000 M4 7,503,000.00 4.11875% 1000.00000000 3.54670132 0.00000000 0.00000000 M5 5,001,000.00 4.36875% 1000.00000000 3.76197960 0.00000000 0.00000000 B 6,253,000.00 4.36875% 1000.00000000 3.76197985 0.00000000 0.00000000 X 11,254,479.36 0.00000% 1222.16946338 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denominations.
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 0.00000000 0.00000000 1.24869388 0.00000000 984.18413498 2-A1 0.00000000 0.00000000 1.13646372 0.00000000 985.18941460 2-A2 0.00000000 0.00000000 1.39392373 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.54892375 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.47031264 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.72864618 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.54670132 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.76197960 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.76197985 0.00000000 1000.00000000 X 0.00000000 0.00000000 122.93400305 0.00000000 1222.16946338 R 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 3,918,328.02 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3,918,328.02 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 209,653.52 Payment of Interest and Principal 3,708,674.50 Total Withdrawals (Pool Distribution Amount) 3,918,328.02 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 207,372.40 Wells Fargo Bank Minnesota, N.A. 2,281.12 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 209,653.52
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00 Financial Guaranty 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 7 0 0 0 7 1,041,360.63 0.00 0.00 0.00 1,041,360.63 60 Days 3 0 0 0 3 303,115.28 0.00 0.00 0.00 303,115.28 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 1,344,475.91 0.00 0.00 0.00 1,344,475.91 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 0.255661% 0.000000% 0.000000% 0.000000% 0.255661% 0.209570% 0.000000% 0.000000% 0.000000% 0.209570% 60 Days 0.109569% 0.000000% 0.000000% 0.000000% 0.109569% 0.061001% 0.000000% 0.000000% 0.000000% 0.061001% 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 0.365230% 0.000000% 0.000000% 0.000000% 0.365230% 0.270571% 0.000000% 0.000000% 0.000000% 0.270571%
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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 6 0 0 0 6 717,725.40 0.00 0.00 0.00 717,725.40 60 Days 3 0 0 0 3 303,115.28 0.00 0.00 0.00 303,115.28 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 9 0 0 0 9 1,020,840.68 0.00 0.00 0.00 1,020,840.68 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.294118% 0.000000% 0.000000% 0.000000% 0.294118% 0.211130% 0.000000% 0.000000% 0.000000% 0.211130% 60 Days 0.147059% 0.000000% 0.000000% 0.000000% 0.147059% 0.089166% 0.000000% 0.000000% 0.000000% 0.089166% 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 0.441176% 0.000000% 0.000000% 0.000000% 0.441176% 0.300296% 0.000000% 0.000000% 0.000000% 0.300296% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 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 1 0 0 0 1 323,635.23 0.00 0.00 0.00 323,635.23 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 1 0 0 0 1 323,635.23 0.00 0.00 0.00 323,635.23 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.408163% 0.000000% 0.000000% 0.000000% 0.408163% 0.333750% 0.000000% 0.000000% 0.000000% 0.333750% 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 0.408163% 0.000000% 0.000000% 0.000000% 0.408163% 0.333750% 0.000000% 0.000000% 0.000000% 0.333750%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 6.945866% Weighted Average Net Coupon 6.445866% Weighted Average Pass-Through Rate 6.440366% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 2,743 Number Of Loans Paid In Full 5 Ending Scheduled Collateral Loan Count 2,738 Beginning Scheduled Collateral Balance 497,693,743.69 Ending Scheduled Collateral Balance 496,674,157.67 Ending Actual Collateral Balance at 30-Nov-2003 496,902,646.73 Monthly P &I Constant 3,127,224.72 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 496,674,157.67 Scheduled Principal 246,462.84 Unscheduled Principal 773,123.18
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 6.945866% Weighted Average Net Rate 6.445866% Weighted Average Pass Through Rate 6.440366% Weighted Average Maturity 354 Record Date 11/30/2003 Principal and Interest Constant 3,127,224.72 Beginning Loan Count 2,743 Loans Paid in Full 5 Ending Loan Count 2,738 Beginning Scheduled Balance 497,693,743.69 Ending Scheduled Balance 496,674,157.67 Ending Actual Balance at 30-Nov-2003 496,902,646.73 Scheduled Principal 246,462.84 Unscheduled Principal 773,123.18 Scheduled Interest 2,880,761.88 Servicing Fee 207,372.40 Master Servicing Fee 2,281.12 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,671,108.36 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties 0.00
Miscellaneous Reporting Monthly Excess Cashflow 1,365,578.12 Overcollateralization Amount 13,754,881.00 Overcollateralization Deficiency 0.00 Aggregate Overcollateralization Release 0.00 Targeted Overcollateralization Amount 13,754,881.00 Cap Payment 0.00
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed Fixed 6 Month LIBOR ARM Mixed Fixed Weighted Average Coupon Rate 7.937311 6.954444 7.039053 Weighted Average Net Rate 7.437311 6.454445 6.539053 Weighted Average Maturity 352 352 354 Beginning Loan Count 402 2,045 51 Loans Paid In Full 0 5 0 Ending Loan Count 402 2,040 51 Beginning Scheduled Balance 45,941,540.46 340,720,304.07 14,056,124.05 Ending scheduled Balance 45,912,931.24 339,774,130.40 14,048,322.30 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 330,934.29 2,155,072.68 88,052.41 Scheduled Principal 27,057.38 180,472.31 5,600.91 Unscheduled Principal 1,551.84 765,701.36 2,200.84 Scheduled Interest 303,876.91 1,974,600.37 82,451.50 Servicing Fees 19,142.32 141,966.78 5,856.72 Master Servicing Fees 210.59 1,561.63 64.43 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 284,524.00 1,831,071.96 76,530.35 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 7.431811 6.448945 6.533553
Group Level Collateral Statement Group 4 Total Collateral Description 6 Month Arm Fixed & Mixed ARM Weighted Average Coupon Rate 6.432531 6.945866 Weighted Average Net Rate 5.932531 6.445866 Weighted Average Maturity 354 354 Beginning Loan Count 245 2,743 Loans Paid In Full 0 5 Ending Loan Count 245 2,738 Beginning Scheduled Balance 96,975,775.11 497,693,743.69 Ending scheduled Balance 96,938,773.73 496,674,157.67 Record Date 11/30/2003 11/30/2003 Principal And Interest Constant 553,165.34 3,127,224.72 Scheduled Principal 33,332.24 246,462.84 Unscheduled Principal 3,669.14 773,123.18 Scheduled Interest 519,833.10 2,880,761.88 Servicing Fees 40,406.58 207,372.40 Master Servicing Fees 444.47 2,281.12 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 478,982.05 2,671,108.36 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.927031 6.440366
-----END PRIVACY-ENHANCED MESSAGE-----