-----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, GVNaCm98aWzBC47T/oyH+LPnaEKUHGGLgy/8/auxfei3aQLvO4915GWtsFv+7lum AMAwfVsLFFee9BTeVGdtIw== 0001056404-04-002597.txt : 20040805 0001056404-04-002597.hdr.sgml : 20040805 20040805122321 ACCESSION NUMBER: 0001056404-04-002597 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: BEAR STEARNS ALT A TRUST MORT PASS THR CERTS SER 2003-5 CENTRAL INDEX KEY: 0001271672 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 300183252 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-106323-06 FILM NUMBER: 04953984 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 MAIL ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K/A 1 bsl03005_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 2003-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-06 54-2135817 Pooling and Servicing Agreement) (Commission 54-2135815 (State or other File Number) 54-2135816 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 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 2003-5 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 2003-5 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 2003-5 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 2003-5 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: 2003-5 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 07386HDD0 SEN 3.08499% 46,148,480.81 117,472.97 2,493,476.42 I-X-A-1 07386HDE8 SEN 1.88300% 0.00 71,702.56 0.00 I-A-2 07386HDF5 SEN 3.16799% 46,102,743.96 120,513.96 2,491,005.19 I-X-A-2 07386HDG3 SEN 1.80000% 0.00 68,474.08 0.00 I-A-3 07386HDH1 SEN 3.82799% 13,893,025.30 43,882.81 750,662.44 I-X-A-3 07386HDJ7 SEN 1.14000% 0.00 13,068.59 0.00 II-A-1 07386HDL2 SEN 5.15018% 183,135,589.75 778,255.55 8,889,524.96 II-A-2 07386HDM0 SEN 4.53018% 108,765,458.86 406,568.33 5,279,548.68 II-X-A-2 07386HDN8 SEN 0.62000% 0.00 55,642.88 0.00 III-A 07386HDP3 SEN 5.17665% 14,550,569.17 62,152.09 16,481.13 IV-A 07386HDQ1 SEN 5.16772% 15,852,486.11 67,596.33 825,632.91 M 07386HDS7 SUB 5.10574% 18,636,350.69 78,513.85 4,476.73 B-1 07386HDT5 SUB 5.10574% 10,211,953.50 43,022.36 2,453.06 B-2 07386HDU2 SUB 5.10574% 7,403,421.58 31,190.18 1,778.41 B-3 07386HDV0 SUB 5.10574% 5,616,564.44 23,662.25 1,349.18 B-4 07386HDW8 SUB 5.10574% 5,616,364.68 23,661.41 1,349.13 B-5 07386HDX6 SUB 5.10574% 1,787,056.90 7,528.77 429.28 B-6 07386HDY4 SUB 5.10574% 1,787,305.61 7,529.81 429.34 R-1 07386HDR9 RES 4.97224% 0.00 0.00 0.00 Totals 479,507,371.36 2,020,438.78 20,758,596.86
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 43,655,004.38 2,610,949.39 0.00 I-X-A-1 0.00 0.00 71,702.56 0.00 I-A-2 0.00 43,611,738.77 2,611,519.15 0.00 I-X-A-2 0.00 0.00 68,474.08 0.00 I-A-3 0.00 13,142,362.87 794,545.25 0.00 I-X-A-3 0.00 0.00 13,068.59 0.00 II-A-1 0.00 174,246,064.79 9,667,780.51 0.00 II-A-2 0.00 103,485,910.18 5,686,117.01 0.00 II-X-A-2 0.00 0.00 55,642.88 0.00 III-A 0.00 14,534,088.04 78,633.22 0.00 IV-A 0.00 15,026,853.20 893,229.24 0.00 M 0.00 18,631,873.96 82,990.58 0.00 B-1 0.00 10,209,500.43 45,475.42 0.00 B-2 0.00 7,401,643.17 32,968.59 0.00 B-3 0.00 5,615,215.25 25,011.43 0.00 B-4 0.00 5,615,015.54 25,010.54 0.00 B-5 0.00 1,786,627.63 7,958.05 0.00 B-6 0.00 1,786,876.27 7,959.15 0.00 R-1 0.00 0.00 0.00 0.00 Totals 0.00 458,748,774.48 22,779,035.64 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 50,450,000.00 46,148,480.81 13,643.29 2,479,833.13 0.00 0.00 I-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 I-A-2 50,400,000.00 46,102,743.96 13,629.77 2,477,375.42 0.00 0.00 I-X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 I-A-3 15,188,000.00 13,893,025.30 4,107.32 746,555.12 0.00 0.00 I-X-A-3 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 196,200,000.00 183,135,589.75 42,352.03 8,847,172.93 0.00 0.00 II-A-2 116,524,500.00 108,765,458.86 25,153.15 5,254,395.53 0.00 0.00 II-X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 III-A 15,301,600.00 14,550,569.17 2,895.98 13,585.15 0.00 0.00 IV-A 16,016,400.00 15,852,486.11 843.13 824,789.78 0.00 0.00 M 18,658,700.00 18,636,350.69 4,476.73 0.00 0.00 0.00 B-1 10,224,200.00 10,211,953.50 2,453.06 0.00 0.00 0.00 B-2 7,412,300.00 7,403,421.58 1,778.41 0.00 0.00 0.00 B-3 5,623,300.00 5,616,564.44 1,349.18 0.00 0.00 0.00 B-4 5,623,100.00 5,616,364.68 1,349.13 0.00 0.00 0.00 B-5 1,789,200.00 1,787,056.90 429.28 0.00 0.00 0.00 B-6 1,789,449.00 1,787,305.61 429.34 0.00 0.00 0.00 R-1 100.00 0.00 0.00 0.00 0.00 0.00 Totals 511,200,849.00 479,507,371.36 114,889.80 20,643,707.06 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 2,493,476.42 43,655,004.38 0.86531228 2,493,476.42 I-X-A-1 0.00 0.00 0.00000000 0.00 I-A-2 2,491,005.19 43,611,738.77 0.86531228 2,491,005.19 I-X-A-2 0.00 0.00 0.00000000 0.00 I-A-3 750,662.44 13,142,362.87 0.86531228 750,662.44 I-X-A-3 0.00 0.00 0.00000000 0.00 II-A-1 8,889,524.96 174,246,064.79 0.88810431 8,889,524.96 II-A-2 5,279,548.68 103,485,910.18 0.88810431 5,279,548.68 II-X-A-2 0.00 0.00 0.00000000 0.00 III-A 16,481.13 14,534,088.04 0.94984106 16,481.13 IV-A 825,632.91 15,026,853.20 0.93821665 825,632.91 M 4,476.73 18,631,873.96 0.99856228 4,476.73 B-1 2,453.06 10,209,500.43 0.99856228 2,453.06 B-2 1,778.41 7,401,643.17 0.99856228 1,778.41 B-3 1,349.18 5,615,215.25 0.99856228 1,349.18 B-4 1,349.13 5,615,015.54 0.99856228 1,349.13 B-5 429.28 1,786,627.63 0.99856228 429.28 B-6 429.34 1,786,876.27 0.99856228 429.34 R-1 0.00 0.00 0.00000000 0.00 Totals 20,758,596.86 458,748,774.48 0.89739439 20,758,596.86
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 50,450,000.00 914.73698335 0.27043191 49.15427413 0.00000000 I-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 50,400,000.00 914.73698333 0.27043194 49.15427421 0.00000000 I-X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 15,188,000.00 914.73698314 0.27043192 49.15427443 0.00000000 I-X-A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 196,200,000.00 933.41279179 0.21586152 45.09262452 0.00000000 II-A-2 116,524,500.00 933.41279182 0.21586147 45.09262456 0.00000000 II-X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 15,301,600.00 950.91815039 0.18925995 0.88782546 0.00000000 IV-A 16,016,400.00 989.76587186 0.05264167 51.49657726 0.00000000 M 18,658,700.00 998.80220433 0.23992722 0.00000000 0.00000000 B-1 10,224,200.00 998.80220457 0.23992684 0.00000000 0.00000000 B-2 7,412,300.00 998.80220444 0.23992688 0.00000000 0.00000000 B-3 5,623,300.00 998.80220511 0.23992673 0.00000000 0.00000000 B-4 5,623,100.00 998.80220519 0.23992638 0.00000000 0.00000000 B-5 1,789,200.00 998.80220210 0.23992846 0.00000000 0.00000000 B-6 1,789,449.00 998.80220671 0.23992860 0.00000000 0.00000000 R-1 100.00 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 49.42470605 865.31227711 0.86531228 49.42470605 I-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 49.42470615 865.31227718 0.86531228 49.42470615 I-X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 49.42470635 865.31227746 0.86531228 49.42470635 I-X-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 45.30848603 888.10430576 0.88810431 45.30848603 II-A-2 0.00000000 45.30848603 888.10430579 0.88810431 45.30848603 II-X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 1.07708540 949.84106499 0.94984106 1.07708540 IV-A 0.00000000 51.54921893 938.21665293 0.93821665 51.54921893 M 0.00000000 0.23992722 998.56227711 0.99856228 0.23992722 B-1 0.00000000 0.23992684 998.56227676 0.99856228 0.23992684 B-2 0.00000000 0.23992688 998.56227757 0.99856228 0.23992688 B-3 0.00000000 0.23992673 998.56227660 0.99856228 0.23992673 B-4 0.00000000 0.23992638 998.56227704 0.99856228 0.23992638 B-5 0.00000000 0.23992846 998.56227923 0.99856228 0.23992846 B-6 0.00000000 0.23992860 998.56227811 0.99856228 0.23992860 R-1 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 50,450,000.00 3.08499% 46,148,480.81 118,639.63 0.00 0.00 I-X-A-1 0.00 1.88300% 46,148,480.81 72,414.66 0.00 0.00 I-A-2 50,400,000.00 3.16799% 46,102,743.96 121,710.82 0.00 0.00 I-X-A-2 0.00 1.80000% 46,102,743.96 69,154.12 0.00 0.00 I-A-3 15,188,000.00 3.82799% 13,893,025.30 44,318.62 0.00 0.00 I-X-A-3 0.00 1.14000% 13,893,025.30 13,198.37 0.00 0.00 II-A-1 196,200,000.00 5.15018% 183,135,589.75 785,984.65 0.00 0.00 II-A-2 116,524,500.00 4.53018% 108,765,458.86 410,606.09 0.00 0.00 II-X-A-2 0.00 0.62000% 108,765,458.86 56,195.49 0.00 0.00 III-A 15,301,600.00 5.17665% 14,550,569.17 62,769.34 0.00 0.00 IV-A 16,016,400.00 5.16772% 15,852,486.11 68,267.65 0.00 0.00 M 18,658,700.00 5.10574% 18,636,350.69 79,293.59 0.00 0.00 B-1 10,224,200.00 5.10574% 10,211,953.50 43,449.63 0.00 0.00 B-2 7,412,300.00 5.10574% 7,403,421.58 31,499.94 0.00 0.00 B-3 5,623,300.00 5.10574% 5,616,564.44 23,897.25 0.00 0.00 B-4 5,623,100.00 5.10574% 5,616,364.68 23,896.40 0.00 0.00 B-5 1,789,200.00 5.10574% 1,787,056.90 7,603.54 0.00 0.00 B-6 1,789,449.00 5.10574% 1,787,305.61 7,604.59 0.00 0.00 R-1 100.00 4.97224% 0.00 0.00 0.00 0.00 Totals 511,200,849.00 2,040,504.38 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 1,166.66 0.00 117,472.97 0.00 43,655,004.38 I-X-A-1 712.10 0.00 71,702.56 0.00 43,655,004.38 I-A-2 1,196.86 0.00 120,513.96 0.00 43,611,738.77 I-X-A-2 680.04 0.00 68,474.08 0.00 43,611,738.77 I-A-3 435.81 0.00 43,882.81 0.00 13,142,362.87 I-X-A-3 129.79 0.00 13,068.59 0.00 13,142,362.87 II-A-1 7,729.10 0.00 778,255.55 0.00 174,246,064.79 II-A-2 4,037.76 0.00 406,568.33 0.00 103,485,910.18 II-X-A-2 552.61 0.00 55,642.88 0.00 103,485,910.18 III-A 617.25 0.00 62,152.09 0.00 14,534,088.04 IV-A 671.32 0.00 67,596.33 0.00 15,026,853.20 M 779.75 0.00 78,513.85 0.00 18,631,873.96 B-1 427.27 0.00 43,022.36 0.00 10,209,500.43 B-2 309.76 0.00 31,190.18 0.00 7,401,643.17 B-3 235.00 0.00 23,662.25 0.00 5,615,215.25 B-4 234.99 0.00 23,661.41 0.00 5,615,015.54 B-5 74.77 0.00 7,528.77 0.00 1,786,627.63 B-6 74.78 0.00 7,529.81 0.00 1,786,876.27 R-1 0.00 0.00 0.00 0.00 0.00 Totals 20,065.62 0.00 2,020,438.78 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 50,450,000.00 3.08499% 914.73698335 2.35162795 0.00000000 0.00000000 I-X-A-1 0.00 1.88300% 914.73698335 1.43537483 0.00000000 0.00000000 I-A-2 50,400,000.00 3.16799% 914.73698333 2.41489722 0.00000000 0.00000000 I-X-A-2 0.00 1.80000% 914.73698333 1.37210556 0.00000000 0.00000000 I-A-3 15,188,000.00 3.82799% 914.73698314 2.91800237 0.00000000 0.00000000 I-X-A-3 0.00 1.14000% 914.73698314 0.86899987 0.00000000 0.00000000 II-A-1 196,200,000.00 5.15018% 933.41279179 4.00603797 0.00000000 0.00000000 II-A-2 116,524,500.00 4.53018% 933.41279182 3.52377474 0.00000000 0.00000000 II-X-A-2 0.00 0.62000% 933.41279182 0.48226330 0.00000000 0.00000000 III-A 15,301,600.00 5.17665% 950.91815039 4.10214226 0.00000000 0.00000000 IV-A 16,016,400.00 5.16772% 989.76587186 4.26235921 0.00000000 0.00000000 M 18,658,700.00 5.10574% 998.80220433 4.24968460 0.00000000 0.00000000 B-1 10,224,200.00 5.10574% 998.80220457 4.24968506 0.00000000 0.00000000 B-2 7,412,300.00 5.10574% 998.80220444 4.24968498 0.00000000 0.00000000 B-3 5,623,300.00 5.10574% 998.80220511 4.24968435 0.00000000 0.00000000 B-4 5,623,100.00 5.10574% 998.80220519 4.24968434 0.00000000 0.00000000 B-5 1,789,200.00 5.10574% 998.80220210 4.24968701 0.00000000 0.00000000 B-6 1,789,449.00 5.10574% 998.80220671 4.24968244 0.00000000 0.00000000 R-1 100.00 4.97224% 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 0.02312507 0.00000000 2.32850287 0.00000000 865.31227711 I-X-A-1 0.01411497 0.00000000 1.42125986 0.00000000 865.31227711 I-A-2 0.02374722 0.00000000 2.39115000 0.00000000 865.31227718 I-X-A-2 0.01349286 0.00000000 1.35861270 0.00000000 865.31227718 I-A-3 0.02869436 0.00000000 2.88930801 0.00000000 865.31227746 I-X-A-3 0.00854556 0.00000000 0.86045496 0.00000000 865.31227746 II-A-1 0.03939399 0.00000000 3.96664399 0.00000000 888.10430576 II-A-2 0.03465160 0.00000000 3.48912315 0.00000000 888.10430579 II-X-A-2 0.00474244 0.00000000 0.47752086 0.00000000 888.10430579 III-A 0.04033892 0.00000000 4.06180334 0.00000000 949.84106499 IV-A 0.04191454 0.00000000 4.22044467 0.00000000 938.21665293 M 0.04179016 0.00000000 4.20789498 0.00000000 998.56227711 B-1 0.04179007 0.00000000 4.20789499 0.00000000 998.56227676 B-2 0.04179000 0.00000000 4.20789499 0.00000000 998.56227757 B-3 0.04179041 0.00000000 4.20789394 0.00000000 998.56227660 B-4 0.04179012 0.00000000 4.20789422 0.00000000 998.56227704 B-5 0.04178963 0.00000000 4.20789738 0.00000000 998.56227923 B-6 0.04178940 0.00000000 4.20789304 0.00000000 998.56227811 R-1 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 22,951,302.09 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7,811.64 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 22,959,113.73 Withdrawals Reimbursement for Servicer Advances 30,232.02 Payment of Service Fee 149,846.07 Payment of Interest and Principal 22,779,035.64 Total Withdrawals (Pool Distribution Amount) 22,959,113.73 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 20,065.62
SERVICING FEES Gross Servicing Fee 19,979.47 Additional Servicing Fee 129,866.60 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 149,846.07
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 1 0 0 1 321,597.73 0.00 0.00 321,597.73 30 Days 2 0 0 0 2 463,949.98 0.00 0.00 0.00 463,949.98 60 Days 1 0 0 0 1 354,079.12 0.00 0.00 0.00 354,079.12 90 Days 0 0 1 0 1 0.00 0.00 460,000.00 0.00 460,000.00 120 Days 0 1 0 0 1 0.00 206,050.00 0.00 0.00 206,050.00 150 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 3 2 1 0 6 818,029.10 527,647.73 460,000.00 0.00 1,805,676.83 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.063331% 0.000000% 0.000000% 0.063331% 0.070090% 0.000000% 0.000000% 0.070090% 30 Days 0.126662% 0.000000% 0.000000% 0.000000% 0.126662% 0.101115% 0.000000% 0.000000% 0.000000% 0.101115% 60 Days 0.063331% 0.000000% 0.000000% 0.000000% 0.063331% 0.077169% 0.000000% 0.000000% 0.000000% 0.077169% 90 Days 0.000000% 0.000000% 0.063331% 0.000000% 0.063331% 0.000000% 0.000000% 0.100254% 0.000000% 0.100254% 120 Days 0.000000% 0.063331% 0.000000% 0.000000% 0.063331% 0.000000% 0.044907% 0.000000% 0.000000% 0.044907% 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 0.189994% 0.126662% 0.063331% 0.000000% 0.379987% 0.178284% 0.114997% 0.100254% 0.000000% 0.393536%
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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 1 0 0 0 1 354,079.12 0.00 0.00 0.00 354,079.12 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 1 354,079.12 0.00 0.00 0.00 354,079.12 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 0.265957% 0.000000% 0.000000% 0.000000% 0.265957% 0.312506% 0.000000% 0.000000% 0.000000% 0.312506% 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 0.265957% 0.000000% 0.000000% 0.000000% 0.265957% 0.312506% 0.000000% 0.000000% 0.000000% 0.312506% 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 1 0 0 1 321,597.73 0.00 0.00 321,597.73 30 Days 2 0 0 0 2 463,949.98 0.00 0.00 0.00 463,949.98 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 1 0 1 0.00 0.00 460,000.00 0.00 460,000.00 120 Days 0 1 0 0 1 0.00 206,050.00 0.00 0.00 206,050.00 150 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 2 2 1 0 5 463,949.98 527,647.73 460,000.00 0.00 1,451,597.71 0-29 Days 0.093110% 0.000000% 0.000000% 0.093110% 0.102915% 0.000000% 0.000000% 0.102915% 30 Days 0.186220% 0.000000% 0.000000% 0.000000% 0.186220% 0.148469% 0.000000% 0.000000% 0.000000% 0.148469% 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% 0.093110% 0.000000% 0.093110% 0.000000% 0.000000% 0.147205% 0.000000% 0.147205% 120 Days 0.000000% 0.093110% 0.000000% 0.000000% 0.093110% 0.000000% 0.065938% 0.000000% 0.000000% 0.065938% 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 0.186220% 0.186220% 0.093110% 0.000000% 0.465549% 0.148469% 0.168853% 0.147205% 0.000000% 0.464527% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 3 0 0 0 3 1,010,541.93 0.00 0.00 0.00 1,010,541.93 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 3 0 0 0 3 1,010,541.93 0.00 0.00 0.00 1,010,541.93 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.000000% 0.000000% 0.000000% 0.000000% 4.000000% 6.224398% 0.000000% 0.000000% 0.000000% 6.224398% 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 4.000000% 0.000000% 0.000000% 0.000000% 4.000000% 6.224398% 0.000000% 0.000000% 0.000000% 6.224398% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7,811.64
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 460,750,849.00 90.13108055% 415,093,770.10 90.48389728% 88.872613% 0.000000% Class IA2 410,350,849.00 80.27194200% 371,482,031.33 80.97722583% 9.506671% 85.434894% Class IA3 395,162,849.00 77.30089842% 358,339,668.46 78.11239794% 2.864828% 25.745738% Class 2A1 198,962,849.00 38.92068047% 184,093,603.67 40.12950308% 37.982895% 341.346035% Class 2A2 82,438,349.00 16.12641082% 80,607,693.49 17.57120627% 22.558297% 202.727707% Class 3A 67,136,749.00 13.13314505% 66,073,605.45 14.40300423% 3.168202% 28.472111% Class M 32,461,649.00 6.35007729% 32,414,878.29 7.06593240% 4.061455% 36.499627% Class B-1 22,237,449.00 4.35004148% 22,205,377.86 4.84042227% 2.225510% 20.000294% Class B-2 14,825,149.00 2.90006345% 14,803,734.69 3.22698076% 1.613442% 14.499734% Class B-3 9,201,849.00 1.80004572% 9,188,519.44 2.00295237% 1.224028% 11.000142% Class B-4 3,578,749.00 0.70006711% 3,573,503.90 0.77896751% 1.223985% 10.999751% Class B-5 1,789,549.00 0.35006769% 1,786,876.27 0.38951085% 0.389457% 3.499983% Class B-6 100.00 0.00001956% 0.00 0.00000000% 0.389511% 3.500470% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.481502% Weighted Average Net Coupon 5.431502% Weighted Average Pass-Through Rate 5.106502% Weighted Average Maturity(Stepdown Calculation ) 352 Beginning Scheduled Collateral Loan Count 1,629 Number Of Loans Paid In Full 50 Ending Scheduled Collateral Loan Count 1,579 Beginning Scheduled Collateral Balance 479,507,371.62 Ending Scheduled Collateral Balance 458,748,774.75 Ending Actual Collateral Balance at 30-Apr-2004 458,834,252.20 Monthly P &I Constant 2,305,240.23 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 22,569,591.17 Ending Scheduled Balance for Premium Loans 458,748,774.75 Scheduled Principal 114,889.81 Unscheduled Principal 20,643,707.06
Miscellaneous Reporting Senior Percentage Group 1 89.183568% Senior Percentage Group 2 89.373286% Senior Percentage Group 3 89.546663% Senior Percentage Group 4 89.909176% Senior Prepayment Percentage Group 1 100.000000% Senior Prepayment Percentage Group 2 100.000000% Senior Prepayment Percentage Group 3 100.000000% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 1 10.816432% Subordinate Percentage Group 2 10.626714% Subordinate Percentage Group 3 10.453337% Subordinate Percentage Group 4 10.090824% Average Loss Severity Group 1 0.000000% Average Loss Severity Group 2 0.000000% Average Loss Severity Group 3 0.000000% Average Loss Severity Group 4 0.000000% Subordinate Prepay Percent Group 1 0.000000% Subordinate Prepay Percent Group 2 0.000000% Subordinate Prepay Percent Group 3 0.000000% Subordinate Prepay Percent Group 4 0.000000%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.342989 5.525182 5.551650 Weighted Average Net Rate 5.292989 5.475182 5.501650 Weighted Average Maturity 352 352 352 Beginning Loan Count 392 1,107 75 Loans Paid In Full 16 33 0 Ending Loan Count 376 1,074 75 Beginning Scheduled Balance 119,017,721.15 326,608,836.54 16,249,147.29 Ending scheduled Balance 113,278,771.20 312,431,736.36 16,232,328.09 Record Date 04/30/2004 04/30/2004 04/30/2004 Principal And Interest Constant 565,111.59 1,579,342.72 78,408.70 Scheduled Principal 35,186.28 75,531.72 3,234.05 Unscheduled Principal 5,703,763.67 14,101,568.46 13,585.15 Scheduled Interest 529,925.31 1,503,811.00 75,174.65 Servicing Fees 4,959.07 13,608.70 677.05 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 32,233.98 88,456.56 4,400.81 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 492,732.26 1,401,745.74 70,096.79 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 4.967989 5.150182 5.176650
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.542718 5.481502 Weighted Average Net Rate 5.492718 5.431502 Weighted Average Maturity 353 352 Beginning Loan Count 55 1,629 Loans Paid In Full 1 50 Ending Loan Count 54 1,579 Beginning Scheduled Balance 17,631,666.64 479,507,371.62 Ending scheduled Balance 16,805,939.10 458,748,774.75 Record Date 04/30/2004 04/30/2004 Principal And Interest Constant 82,377.22 2,305,240.23 Scheduled Principal 937.76 114,889.81 Unscheduled Principal 824,789.78 20,643,707.06 Scheduled Interest 81,439.46 2,190,350.42 Servicing Fees 734.65 19,979.47 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 4,775.25 129,866.60 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 75,929.56 2,040,504.35 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 5.167718 5.106502
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