-----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, RIvnbT7fwG03vBT3v6Q6gU/CC9UxZMwWhUjKhay+ky/PlGErH1ydAvrM30/zXf9r 2R+M9gl9T188gxAPTY4vIg== 0001056404-04-001458.txt : 20040422 0001056404-04-001458.hdr.sgml : 20040422 20040422141957 ACCESSION NUMBER: 0001056404-04-001458 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040421 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040422 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORTGAGE PASS THROUGH CERTIFICATES SERIES 2003-AR3 CENTRAL INDEX KEY: 0001268804 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: 333-68542-26 FILM NUMBER: 04747827 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 MAIL ADDRESS: STREET 1: 9062 OLD ANNAPOLIS ROAD CITY: COLUMBIA STATE: MD ZIP: 210451951 8-K 1 sam03ar3_apr.txt APRIL 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): April 19, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-AR3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-26 54-2132871 Pooling and Servicing Agreement) (Commission 54-2132873 (State or other File Number) 54-2132872 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) ITEM 5. Other Events On April 19, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2003-AR3 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-AR3 Trust, relating to the April 19, 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. STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-AR3 Trust By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 4/21/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-AR3 Trust, relating to the April 19, 2004 distribution. EX-99.1
Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 3/31/04 Distribution Date: 4/19/04 SAM Series: 2003-AR3 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 86358HUT4 SEN 1.43000% 403,482,086.98 480,816.16 5,148,026.86 A-2 86358HUU1 SEN 3.10860% 45,151,177.56 116,964.14 251,110.64 X 86358HUV9 SEN 1.50758% 0.00 548,671.87 0.00 R-I 86358HVA4 RES 0.00000% 0.00 0.00 0.00 R-II 86358HVB2 RES 0.00000% 0.00 0.00 0.00 R-III 86358HVC0 RES 0.00000% 0.00 0.00 0.00 M 86358HUW7 SUB 1.69000% 16,750,000.00 23,589.58 0.00 B-1 86358HUX5 SUB 1.89000% 7,000,000.00 11,025.00 0.00 B-2 86358HUY3 SUB 2.09000% 5,250,000.00 9,143.75 0.00 B-3 86358HUZ0 SUB 2.09000% 4,250,000.00 7,402.08 0.00 B-4 86358HVD8 SUB 2.98230% 1,500,000.00 3,727.87 0.00 B-5 86358HVE6 SUB 2.98230% 1,250,000.00 3,106.56 0.00 B-6 86358HVF3 SUB 2.98230% 2,750,141.49 6,834.78 0.00 Totals 487,383,406.03 1,211,281.79 5,399,137.50
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 398,334,060.12 5,628,843.02 0.00 A-2 0.00 44,900,066.92 368,074.78 0.00 X 0.00 0.00 548,671.87 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 M 0.00 16,750,000.00 23,589.58 0.00 B-1 0.00 7,000,000.00 11,025.00 0.00 B-2 0.00 5,250,000.00 9,143.75 0.00 B-3 0.00 4,250,000.00 7,402.08 0.00 B-4 0.00 1,500,000.00 3,727.87 0.00 B-5 0.00 1,250,000.00 3,106.56 0.00 B-6 0.00 2,750,141.49 6,834.78 0.00 Totals 0.00 481,984,268.53 6,610,419.29 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-1 414,946,600.00 403,482,086.98 0.00 5,148,026.86 0.00 0.00 A-2 46,303,800.00 45,151,177.56 0.00 251,110.64 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 M 16,750,000.00 16,750,000.00 0.00 0.00 0.00 0.00 B-1 7,000,000.00 7,000,000.00 0.00 0.00 0.00 0.00 B-2 5,250,000.00 5,250,000.00 0.00 0.00 0.00 0.00 B-3 4,250,000.00 4,250,000.00 0.00 0.00 0.00 0.00 B-4 1,500,000.00 1,500,000.00 0.00 0.00 0.00 0.00 B-5 1,250,000.00 1,250,000.00 0.00 0.00 0.00 0.00 B-6 2,750,141.49 2,750,141.49 0.00 0.00 0.00 0.00 Totals 500,000,691.49 487,383,406.03 0.00 5,399,137.50 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 5,148,026.86 398,334,060.12 0.95996463 5,148,026.86 A-2 251,110.64 44,900,066.92 0.96968428 251,110.64 X 0.00 0.00 0.00000000 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 M 0.00 16,750,000.00 1.00000000 0.00 B-1 0.00 7,000,000.00 1.00000000 0.00 B-2 0.00 5,250,000.00 1.00000000 0.00 B-3 0.00 4,250,000.00 1.00000000 0.00 B-4 0.00 1,500,000.00 1.00000000 0.00 B-5 0.00 1,250,000.00 1.00000000 0.00 B-6 0.00 2,750,141.49 1.00000000 0.00 Totals 5,399,137.50 481,984,268.53 0.96396720 5,399,137.50
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 414,946,600.00 972.37111228 0.00000000 12.40648040 0.00000000 A-2 46,303,800.00 975.10738989 0.00000000 5.42311085 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 M 16,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 7,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,750,141.49 1000.00000000 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 A-1 0.00000000 12.40648040 959.96463188 0.95996463 12.40648040 A-2 0.00000000 5.42311085 969.68427904 0.96968428 5.42311085 X 0.00000000 0.00000000 0.00000000 0.00000000 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 M 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 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 A-1 414,946,600.00 1.43000% 403,482,086.98 480,816.15 0.00 0.00 A-2 46,303,800.00 3.10860% 45,151,177.56 116,964.14 0.00 0.00 X 0.00 1.50758% 436,732,086.98 548,671.86 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 R-III 50.00 0.00000% 0.00 0.00 0.00 0.00 M 16,750,000.00 1.69000% 16,750,000.00 23,589.58 0.00 0.00 B-1 7,000,000.00 1.89000% 7,000,000.00 11,025.00 0.00 0.00 B-2 5,250,000.00 2.09000% 5,250,000.00 9,143.75 0.00 0.00 B-3 4,250,000.00 2.09000% 4,250,000.00 7,402.08 0.00 0.00 B-4 1,500,000.00 2.98230% 1,500,000.00 3,727.87 0.00 0.00 B-5 1,250,000.00 2.98230% 1,250,000.00 3,106.56 0.00 0.00 B-6 2,750,141.49 2.98230% 2,750,141.49 6,834.78 0.00 0.00 Totals 500,000,691.49 1,211,281.77 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 0.00 480,816.16 0.00 398,334,060.12 A-2 0.00 0.00 116,964.14 0.00 44,900,066.92 X 0.00 0.00 548,671.87 0.00 431,584,060.12 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 M 0.00 0.00 23,589.58 0.00 16,750,000.00 B-1 0.00 0.00 11,025.00 0.00 7,000,000.00 B-2 0.00 0.00 9,143.75 0.00 5,250,000.00 B-3 0.00 0.00 7,402.08 0.00 4,250,000.00 B-4 0.00 0.00 3,727.87 0.00 1,500,000.00 B-5 0.00 0.00 3,106.56 0.00 1,250,000.00 B-6 0.00 0.00 6,834.78 0.00 2,750,141.49 Totals 0.00 0.00 1,211,281.79 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-1 414,946,600.00 1.43000% 972.37111228 1.15874223 0.00000000 0.00000000 A-2 46,303,800.00 3.10860% 975.10738989 2.52601601 0.00000000 0.00000000 X 0.00 1.50758% 974.42079431 1.22417676 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 M 16,750,000.00 1.69000% 1000.00000000 1.40833313 0.00000000 0.00000000 B-1 7,000,000.00 1.89000% 1000.00000000 1.57500000 0.00000000 0.00000000 B-2 5,250,000.00 2.09000% 1000.00000000 1.74166667 0.00000000 0.00000000 B-3 4,250,000.00 2.09000% 1000.00000000 1.74166588 0.00000000 0.00000000 B-4 1,500,000.00 2.98230% 1000.00000000 2.48524667 0.00000000 0.00000000 B-5 1,250,000.00 2.98230% 1000.00000000 2.48524800 0.00000000 0.00000000 B-6 2,750,141.49 2.98230% 1000.00000000 2.48524668 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 A-1 0.00000000 0.00000000 1.15874226 0.00000000 959.96463188 A-2 0.00000000 0.00000000 2.52601601 0.00000000 969.68427904 X 0.00000000 0.00000000 1.22417678 0.00000000 962.93470348 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 M 0.00000000 0.00000000 1.40833313 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 1.57500000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 1.74166667 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 1.74166588 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.48524667 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.48524800 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.48524668 0.00000000 1000.00000000 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage X COMP 1.53820% 403,482,086.98 398,334,060.12 0.00 0.00 95.99646319% X COMP 1.13591% 33,250,000.00 33,250,000.00 0.00 0.00 100.00000000%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 6,764,896.07 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 18,866.88 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 6,783,762.95 Withdrawals Reimbursement for Servicer Advances 20,020.96 Payment of Service Fee 153,322.70 Payment of Interest and Principal 6,610,419.29 Total Withdrawals (Pool Distribution Amount) 6,783,762.95 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 24,166.23 Master Servicing Fee 1,015.38 Special Servicing Fee 128,141.09 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 153,322.70
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance 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 24 0 0 0 24 6,633,869.84 0.00 0.00 0.00 6,633,869.84 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 227,620.63 0.00 0.00 0.00 227,620.63 120 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 25 0 0 0 25 6,861,490.47 0.00 0.00 0.00 6,861,490.47 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 1.282051% 0.000000% 0.000000% 0.000000% 1.282051% 1.376359% 0.000000% 0.000000% 0.000000% 1.376359% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.053419% 0.000000% 0.000000% 0.000000% 0.053419% 0.047225% 0.000000% 0.000000% 0.000000% 0.047225% 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 1.335470% 0.000000% 0.000000% 0.000000% 1.335470% 1.423584% 0.000000% 0.000000% 0.000000% 1.423584%
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 20 0 0 0 20 5,781,769.95 0.00 0.00 0.00 5,781,769.95 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 227,620.63 0.00 0.00 0.00 227,620.63 120 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 21 0 0 0 21 6,009,390.58 0.00 0.00 0.00 6,009,390.58 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.218769% 0.000000% 0.000000% 0.000000% 1.218769% 1.334675% 0.000000% 0.000000% 0.000000% 1.334675% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.060938% 0.000000% 0.000000% 0.000000% 0.060938% 0.052544% 0.000000% 0.000000% 0.000000% 0.052544% 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 1.279707% 0.000000% 0.000000% 0.000000% 1.279707% 1.387219% 0.000000% 0.000000% 0.000000% 1.387219% 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 4 0 0 0 4 852,099.89 0.00 0.00 0.00 852,099.89 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 4 0 0 0 4 852,099.89 0.00 0.00 0.00 852,099.89 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.731602% 0.000000% 0.000000% 0.000000% 1.731602% 1.746459% 0.000000% 0.000000% 0.000000% 1.746459% 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 1.731602% 0.000000% 0.000000% 0.000000% 1.731602% 1.746459% 0.000000% 0.000000% 0.000000% 1.746459%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 18,866.88
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.359830% Weighted Average Net Coupon 3.300330% Weighted Average Pass-Through Rate 2.982330% Weighted Average Maturity(Stepdown Calculation ) 307 Beginning Scheduled Collateral Loan Count 1,886 Number Of Loans Paid In Full 14 Ending Scheduled Collateral Loan Count 1,872 Beginning Scheduled Collateral Balance 487,383,406.04 Ending Scheduled Collateral Balance 481,984,268.54 Ending Actual Collateral Balance at 31-Mar-2004 481,986,960.68 Monthly P &I Constant 1,364,604.48 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 481,984,268.54 Scheduled Principal 0.00 Unscheduled Principal 5,399,137.50
Miscellaneous Reporting Senior Percentage - Group 1 92.047293% Senior Percentage - Group 2 92.067748% Senior Prepay Percentage - Group 1 100.000000% Senior Prepay Percentage - Group 2 100.000000% Sen Mez & Sub Percentage - Group 1 7.952707% Sen Mez & Sub Percentage - Group 2 7.932252% Sen Mez & Sub Prep Percentage - Group 1 0.000000% Sen Mez & Sub Prep Percentage - Group 2 0.000000%
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.345703 3.486100 3.359830 Weighted Average Net Rate 3.285140 3.436100 3.300330 Weighted Average Maturity 306 319 307 Beginning Loan Count 1,654 232 1,886 Loans Paid In Full 13 1 14 Ending Loan Count 1,641 231 1,872 Beginning Scheduled Balance 438,342,152.67 49,041,253.37 487,383,406.04 Ending scheduled Balance 433,194,125.81 48,790,142.73 481,984,268.54 Record Date 03/31/2004 03/31/2004 03/31/2004 Principal And Interest Constant 1,222,135.54 142,468.94 1,364,604.48 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 5,148,026.86 251,110.64 5,399,137.50 Scheduled Interest 1,222,135.54 142,468.94 1,364,604.48 Servicing Fees 22,122.85 2,043.38 24,166.23 Master Servicing Fees 913.21 102.17 1,015.38 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 114,859.09 13,282.00 128,141.09 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 1,084,240.39 127,041.39 1,211,281.78 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 2.968203 3.108600 2.982330
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