-----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, GMlfU9Lk0pcuZzZ9Oxo6iBO5Z0wP5T6KSXk90fC1HvW0cAfjujA34iiPm/mxUivF bggPJiKRm7P4ichISY0Skg== 0001056404-04-003287.txt : 20041004 0001056404-04-003287.hdr.sgml : 20041004 20041004112332 ACCESSION NUMBER: 0001056404-04-003287 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040925 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041004 DATE AS OF CHANGE: 20041004 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRIME MORTGAGE TRUST MORTGAGE PASS-THROUGH CERT SER 2003-3 CENTRAL INDEX KEY: 0001274451 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106323-08 FILM NUMBER: 041060769 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 prm03003_sep.txt SEPTEMBER 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): September 27, 2004 PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-08 54-2142261 Pooling and Servicing Agreement) (Commission 54-2142262 (State or other File Number) 54-2142263 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 27, 2004 a distribution was made to holders of PRIME MORTGAGE TRUST, Mortgage Pass-Through Certificates, Series 2003-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the September 27, 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. PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust (Registrant) 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: 9/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the September 27, 2004 distribution. EX-99.1
Prime Mortgage Trust Mortgage Pass-Through Certificates Record Date: 8/31/2004 Distribution Date: 9/27/2004 PRM Series: 2003-3 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 74160MCJ9 SEN 5.25000% 140,684,943.41 615,496.64 2,274,182.52 A-2 74160MCK6 SEN 5.50000% 27,677,912.72 126,857.10 447,415.51 A-3 74160MCL4 SEN 2.16500% 14,068,494.14 25,381.91 227,418.25 A-4 74160MCM2 SEN 5.83500% 0.00 68,408.05 0.00 A-5 74160MCN0 SEN 5.50000% 31,287,019.00 143,398.84 0.00 A-6 74160MCP5 SEN 5.50000% 17,000,000.00 77,916.67 0.00 A-7 74160MCQ3 SEN 2.21500% 36,667,154.86 67,681.46 755,041.29 A-8 74160MCR1 SEN 5.78500% 0.00 176,766.25 0.00 A-9 74160MCS9 SEN 5.50000% 35,000,000.00 160,416.67 0.00 PO 74160MCT7 PO 0.00000% 2,983,260.53 0.00 9,904.59 R-I 74160MCU4 RES 5.50000% 0.00 0.00 0.00 R-II 74160MCV2 RES 5.50000% 0.00 0.00 0.00 R-III 74160MCW0 RES 5.50000% 0.00 0.00 0.00 B-1 74160MCX8 SUB 5.86550% 6,522,722.29 31,882.53 7,161.81 B-2 74160MCY6 SUB 5.86550% 3,155,260.31 15,422.65 3,464.41 B-3 74160MCZ3 SUB 5.86550% 1,683,730.99 8,229.94 1,848.70 B-4 74160MDA7 SUB 5.86550% 1,472,520.92 7,197.56 1,616.80 B-5 74160MDB5 SUB 5.86550% 1,052,083.97 5,142.50 1,155.17 B-6 74160MDC3 SUB 5.86550% 842,080.67 4,116.02 924.59 Totals 320,097,183.81 1,534,314.79 3,730,133.64
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 138,410,760.89 2,889,679.16 0.00 A-2 0.00 27,230,497.21 574,272.61 0.00 A-3 0.00 13,841,075.89 252,800.16 0.00 A-4 0.00 0.00 68,408.05 0.00 A-5 0.00 31,287,019.00 143,398.84 0.00 A-6 0.00 17,000,000.00 77,916.67 0.00 A-7 0.00 35,912,113.57 822,722.75 0.00 A-8 0.00 0.00 176,766.25 0.00 A-9 0.00 35,000,000.00 160,416.67 0.00 PO 0.00 2,973,355.94 9,904.59 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 B-1 0.00 6,515,560.48 39,044.34 0.00 B-2 0.00 3,151,795.90 18,887.06 0.00 B-3 0.00 1,681,882.29 10,078.64 0.00 B-4 0.00 1,470,904.12 8,814.36 0.00 B-5 0.00 1,050,928.80 6,297.67 0.00 B-6 0.00 841,156.08 5,040.61 0.00 Totals 0.00 316,367,050.17 5,264,448.43 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-1 203,317,273.00 140,684,943.41 227,670.67 2,046,511.85 0.00 0.00 A-2 40,000,000.00 27,677,912.72 44,791.21 402,624.30 0.00 0.00 A-3 20,331,727.00 14,068,494.14 22,767.07 204,651.18 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-5 31,287,019.00 31,287,019.00 0.00 0.00 0.00 0.00 A-6 17,000,000.00 17,000,000.00 0.00 0.00 0.00 0.00 A-7 59,371,027.00 36,667,154.86 37,458.77 717,582.52 0.00 0.00 A-8 0.00 0.00 0.00 0.00 0.00 0.00 A-9 35,000,000.00 35,000,000.00 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 B-1 6,578,000.00 6,522,722.29 7,161.81 0.00 0.00 0.00 B-2 3,182,000.00 3,155,260.31 3,464.41 0.00 0.00 0.00 B-3 1,698,000.00 1,683,730.99 1,848.70 0.00 0.00 0.00 B-4 1,485,000.00 1,472,520.92 1,616.80 0.00 0.00 0.00 B-5 1,061,000.00 1,052,083.97 1,155.17 0.00 0.00 0.00 B-6 849,217.00 842,080.67 924.59 0.00 0.00 0.00 Totals 421,160,413.00 317,113,923.28 348,859.20 3,371,369.85 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 2,274,182.52 138,410,760.89 0.68076243 2,274,182.52 A-2 447,415.51 27,230,497.21 0.68076243 447,415.51 A-3 227,418.25 13,841,075.89 0.68076243 227,418.25 A-4 0.00 0.00 0.00000000 0.00 A-5 0.00 31,287,019.00 1.00000000 0.00 A-6 0.00 17,000,000.00 1.00000000 0.00 A-7 755,041.29 35,912,113.57 0.60487607 755,041.29 A-8 0.00 0.00 0.00000000 0.00 A-9 0.00 35,000,000.00 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 B-1 7,161.81 6,515,560.48 0.99050783 7,161.81 B-2 3,464.41 3,151,795.90 0.99050783 3,464.41 B-3 1,848.70 1,681,882.29 0.99050783 1,848.70 B-4 1,616.80 1,470,904.12 0.99050782 1,616.80 B-5 1,155.17 1,050,928.80 0.99050782 1,155.17 B-6 924.59 841,156.08 0.99050782 924.59 Totals 3,720,229.05 313,393,694.23 0.74411954 3,720,229.05
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 203,317,273.00 691.94781798 1.11978027 10.06560741 0.00000000 A-2 40,000,000.00 691.94781800 1.11978025 10.06560750 0.00000000 A-3 20,331,727.00 691.94781830 1.11978043 10.06560731 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-5 31,287,019.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-6 17,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-7 59,371,027.00 617.59340730 0.63092677 12.08640908 0.00000000 A-8 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-9 35,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 PO 3,191,802.00 934.66340644 1.18190602 1.92122820 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 B-1 6,578,000.00 991.59657799 1.08875190 0.00000000 0.00000000 B-2 3,182,000.00 991.59657762 1.08875236 0.00000000 0.00000000 B-3 1,698,000.00 991.59657833 1.08875147 0.00000000 0.00000000 B-4 1,485,000.00 991.59657912 1.08875421 0.00000000 0.00000000 B-5 1,061,000.00 991.59657870 1.08875589 0.00000000 0.00000000 B-6 849,217.00 991.59657661 1.08875588 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 A-1 0.00000000 11.18538768 680.76243030 0.68076243 11.18538768 A-2 0.00000000 11.18538775 680.76243025 0.68076243 11.18538775 A-3 0.00000000 11.18538774 680.76243056 0.68076243 11.18538774 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-7 0.00000000 12.71733585 604.87607145 0.60487607 12.71733585 A-8 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 PO 0.00000000 3.10313422 931.56027222 0.93156027 3.10313422 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 B-1 0.00000000 1.08875190 990.50782609 0.99050783 1.08875190 B-2 0.00000000 1.08875236 990.50782527 0.99050783 1.08875236 B-3 0.00000000 1.08875147 990.50782686 0.99050783 1.08875147 B-4 0.00000000 1.08875421 990.50782492 0.99050782 1.08875421 B-5 0.00000000 1.08875589 990.50782281 0.99050782 1.08875589 B-6 0.00000000 1.08875588 990.50782073 0.99050782 1.08875588 (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-1 203,317,273.00 5.25000% 140,684,943.41 615,496.63 0.00 0.00 A-2 40,000,000.00 5.50000% 27,677,912.72 126,857.10 0.00 0.00 A-3 20,331,727.00 2.16500% 14,068,494.14 25,381.91 0.00 0.00 A-4 0.00 5.83500% 14,068,494.14 68,408.05 0.00 0.00 A-5 31,287,019.00 5.50000% 31,287,019.00 143,398.84 0.00 0.00 A-6 17,000,000.00 5.50000% 17,000,000.00 77,916.67 0.00 0.00 A-7 59,371,027.00 2.21500% 36,667,154.86 67,681.46 0.00 0.00 A-8 0.00 5.78500% 36,667,154.86 176,766.24 0.00 0.00 A-9 35,000,000.00 5.50000% 35,000,000.00 160,416.67 0.00 0.00 PO 3,191,802.00 0.00000% 2,983,260.53 0.00 0.00 0.00 R-I 50.00 5.50000% 0.00 0.00 0.00 0.00 R-II 50.00 5.50000% 0.00 0.00 0.00 0.00 R-III 50.00 5.50000% 0.00 0.00 0.00 0.00 B-1 6,578,000.00 5.86550% 6,522,722.29 31,882.53 0.00 0.00 B-2 3,182,000.00 5.86550% 3,155,260.31 15,422.65 0.00 0.00 B-3 1,698,000.00 5.86550% 1,683,730.99 8,229.94 0.00 0.00 B-4 1,485,000.00 5.86550% 1,472,520.92 7,197.56 0.00 0.00 B-5 1,061,000.00 5.86550% 1,052,083.97 5,142.50 0.00 0.00 B-6 849,217.00 5.86550% 842,080.67 4,116.02 0.00 0.00 Totals 424,352,215.00 1,534,314.77 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 (0.01) 0.00 615,496.64 0.00 138,410,760.89 A-2 0.00 0.00 126,857.10 0.00 27,230,497.21 A-3 0.00 0.00 25,381.91 0.00 13,841,075.89 A-4 0.00 0.00 68,408.05 0.00 13,841,075.89 A-5 0.00 0.00 143,398.84 0.00 31,287,019.00 A-6 0.00 0.00 77,916.67 0.00 17,000,000.00 A-7 0.00 0.00 67,681.46 0.00 35,912,113.57 A-8 0.00 0.00 176,766.25 0.00 35,912,113.57 A-9 0.00 0.00 160,416.67 0.00 35,000,000.00 PO 0.00 0.00 0.00 0.00 2,973,355.94 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 B-1 0.00 0.00 31,882.53 0.00 6,515,560.48 B-2 0.00 0.00 15,422.65 0.00 3,151,795.90 B-3 0.00 0.00 8,229.94 0.00 1,681,882.29 B-4 0.00 0.00 7,197.56 0.00 1,470,904.12 B-5 0.00 0.00 5,142.50 0.00 1,050,928.80 B-6 0.00 0.00 4,116.02 0.00 841,156.08 Totals (0.01) 0.00 1,534,314.79 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-1 203,317,273.00 5.25000% 691.94781798 3.02727172 0.00000000 0.00000000 A-2 40,000,000.00 5.50000% 691.94781800 3.17142750 0.00000000 0.00000000 A-3 20,331,727.00 2.16500% 691.94781830 1.24838928 0.00000000 0.00000000 A-4 0.00 5.83500% 691.94781830 3.36459613 0.00000000 0.00000000 A-5 31,287,019.00 5.50000% 1000.00000000 4.58333343 0.00000000 0.00000000 A-6 17,000,000.00 5.50000% 1000.00000000 4.58333353 0.00000000 0.00000000 A-7 59,371,027.00 2.21500% 617.59340730 1.13997455 0.00000000 0.00000000 A-8 0.00 5.78500% 617.59340730 2.97731484 0.00000000 0.00000000 A-9 35,000,000.00 5.50000% 1000.00000000 4.58333343 0.00000000 0.00000000 PO 3,191,802.00 0.00000% 934.66340644 0.00000000 0.00000000 0.00000000 R-I 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,578,000.00 5.86550% 991.59657799 4.84684251 0.00000000 0.00000000 B-2 3,182,000.00 5.86550% 991.59657762 4.84684161 0.00000000 0.00000000 B-3 1,698,000.00 5.86550% 991.59657833 4.84684335 0.00000000 0.00000000 B-4 1,485,000.00 5.86550% 991.59657912 4.84684175 0.00000000 0.00000000 B-5 1,061,000.00 5.86550% 991.59657870 4.84684260 0.00000000 0.00000000 B-6 849,217.00 5.86550% 991.59657661 4.84684127 0.00000000 0.00000000 (5) All Classes are per $1,000 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 (0.00000005) 0.00000000 3.02727177 0.00000000 680.76243030 A-2 0.00000000 0.00000000 3.17142750 0.00000000 680.76243025 A-3 0.00000000 0.00000000 1.24838928 0.00000000 680.76243056 A-4 0.00000000 0.00000000 3.36459613 0.00000000 680.76243056 A-5 0.00000000 0.00000000 4.58333343 0.00000000 1000.00000000 A-6 0.00000000 0.00000000 4.58333353 0.00000000 1000.00000000 A-7 0.00000000 0.00000000 1.13997455 0.00000000 604.87607145 A-8 0.00000000 0.00000000 2.97731501 0.00000000 604.87607145 A-9 0.00000000 0.00000000 4.58333343 0.00000000 1000.00000000 PO 0.00000000 0.00000000 0.00000000 0.00000000 931.56027222 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 B-1 0.00000000 0.00000000 4.84684251 0.00000000 990.50782609 B-2 0.00000000 0.00000000 4.84684161 0.00000000 990.50782527 B-3 0.00000000 0.00000000 4.84684335 0.00000000 990.50782686 B-4 0.00000000 0.00000000 4.84684175 0.00000000 990.50782492 B-5 0.00000000 0.00000000 4.84684260 0.00000000 990.50782281 B-6 0.00000000 0.00000000 4.84684127 0.00000000 990.50782073 (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 5,335,540.27 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3,115.58 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5,338,655.85 Withdrawals Reimbursement for Servicer Advances 7,520.51 Payment of Service Fee 66,686.91 Payment of Interest and Principal 5,264,448.43 Total Withdrawals (Pool Distribution Amount) 5,338,655.85 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 66,686.91 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 66,686.91
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Class A-6 Policy 0.00 0.00 0.00 0.00 Class A-6 Reserve Fund 19,446.39 0.00 0.00 19,446.39 Class A-6 Rounding Account 999.99 0.00 0.00 999.99
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 1 0 0 0 1 459,660.60 0.00 0.00 0.00 459,660.60 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 1 0 1 0.00 0.00 51,378.40 0.00 51,378.40 150 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 1 0 2 459,660.60 0.00 51,378.40 0.00 511,039.00 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 0.136426% 0.000000% 0.000000% 0.000000% 0.136426% 0.145165% 0.000000% 0.000000% 0.000000% 0.145165% 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% 0.136426% 0.000000% 0.136426% 0.000000% 0.000000% 0.016226% 0.000000% 0.016226% 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 0.136426% 0.000000% 0.136426% 0.000000% 0.272851% 0.145165% 0.000000% 0.016226% 0.000000% 0.161391%
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 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 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 1 0 0 0 1 459,660.60 0.00 0.00 0.00 459,660.60 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 1 0 1 0.00 0.00 51,378.40 0.00 51,378.40 150 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 1 0 2 459,660.60 0.00 51,378.40 0.00 511,039.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.212314% 0.000000% 0.000000% 0.000000% 0.212314% 0.236783% 0.000000% 0.000000% 0.000000% 0.236783% 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% 0.212314% 0.000000% 0.212314% 0.000000% 0.000000% 0.026466% 0.000000% 0.026466% 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 0.212314% 0.000000% 0.212314% 0.000000% 0.424628% 0.236783% 0.000000% 0.026466% 0.000000% 0.263249%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3,115.58
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 18,045,169.00 4.25240363% 17,685,583.61 5.59021034% 94.409789% 100.000000% Class R-I 14,853,317.00 3.50023317% 14,712,227.67 4.65036660% 0.000000% 0.000000% Class R-II 14,853,267.00 3.50022139% 14,712,227.67 4.65036660% 0.000000% 0.000000% Class R-III 14,853,217.00 3.50020961% 14,712,227.67 4.65036660% 0.000000% 0.000000% Class B-1 8,275,217.00 1.95008220% 8,196,667.19 2.59087258% 2.059494% 0.000000% Class B-2 5,093,217.00 1.20023340% 5,044,871.29 1.59462601% 0.996247% 0.000000% Class B-3 3,395,217.00 0.80009409% 3,362,989.00 1.06300229% 0.531624% 0.000000% Class B-4 1,910,217.00 0.45014894% 1,892,084.88 0.59806635% 0.464936% 0.000000% Class B-5 849,217.00 0.20012079% 841,156.08 0.26587980% 0.332187% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.265880% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02356533% 100,000.00 0.03160885% Fraud 8,487,044.31 2.00000000% 8,487,044.31 2.68265746% Special Hazard 4,243,522.00 0.99999996% 4,243,522.00 1.34132868% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.001934% Weighted Average Net Coupon 5.751934% Weighted Average Pass-Through Rate 5.751934% Weighted Average Maturity(Stepdown Calculation) 346 Beginning Scheduled Collateral Loan Count 743 Number Of Loans Paid In Full 10 Ending Scheduled Collateral Loan Count 733 Beginning Scheduled Collateral Balance 320,097,184.76 Ending Scheduled Collateral Balance 316,367,051.13 Ending Actual Collateral Balance at 31-Aug-2004 316,645,996.65 Monthly P &I Constant 1,953,633.31 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,176,285.71 Ending Scheduled Balance for Premium Loans 316,367,051.13 Scheduled Principal 352,631.61 Unscheduled Principal 3,377,502.02
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Coupon Rate 6.001934% Weighted Average Net Rate 5.751934% Weighted Average Pass Through Rate 5.751934% Weighted Average Maturity 346 Record Date 08/31/2004 Principal and Interest Constant 1,953,633.31 Beginning Loan Count 743 Loans Paid in Full 10 Ending Loan Count 733 Beginning Scheduled Balance 320,097,184.76 Ending Scheduled Balance 316,367,051.13 Ending Actual Balance at 31-Aug-2004 316,645,996.65 Scheduled Principal 352,631.61 Unscheduled Principal 3,377,502.02 Scheduled Interest 1,601,001.70 Servicing Fee 66,686.91 Master Servicing Fee 0.00 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 1,534,314.79 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 Average Loss Severity % 0.00
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 5.616411 6.241960 6.001934 Weighted Average Net Rate 5.366411 5.991960 5.751934 Weighted Average Maturity 340 330 346 Beginning Loan Count 263 480 743 Loans Paid In Full 1 9 10 Ending Loan Count 262 471 733 Beginning Scheduled Balance 122,823,082.14 197,274,102.62 320,097,184.76 Ending scheduled Balance 122,400,674.61 193,966,376.52 316,367,051.13 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 721,898.84 1,231,734.47 1,953,633.31 Scheduled Principal 147,044.76 205,586.85 352,631.61 Unscheduled Principal 275,362.77 3,102,139.25 3,377,502.02 Scheduled Interest 574,854.08 1,026,147.62 1,601,001.70 Servicing Fees 25,588.13 41,098.78 66,686.91 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 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 549,265.95 985,048.84 1,534,314.79 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 5.366411 5.991960 5.751934
Miscellaneous Reporting Group Group 1 Subgroup Senior Prepayment % 100% Subgroup Senior % 95.481352% Subordinate Prepayment % 0.000000% Subordinate % 4.518648% Group Group 2 Subgroup Senior Prepayment % 100% Subgroup Senior % 94.453185% Subordinate Prepayment % 0.000000% Subordinate % 5.546815%
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