-----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, VOb2ZMssHulypAQpWdAo+odaePjdSqHCqOFM28iZKhjC/i/VC92PUNMLl3bFrFF5 SkP9MLI4EemnA/FimrqEBQ== 0001056404-04-003326.txt : 20041004 0001056404-04-003326.hdr.sgml : 20041004 20041004170643 ACCESSION NUMBER: 0001056404-04-003326 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040927 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: BEAR STEARNS ALT A MORT PASS THR CERTS SER 2003-7 CENTRAL INDEX KEY: 0001274823 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 300183252 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106323-12 FILM NUMBER: 041063283 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bsl03007_sep.txt SEPTEMBER 8K 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 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-12 54-2139195 Pooling and Servicing Agreement) (Commission 54-2139196 (State or other File Number) 54-2139197 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 BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2003-7 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 2003-7 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. BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-7 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: 9/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-7 Trust, relating to the September 27, 2004 distribution. EX-99.1
Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 8/31/2004 Distribution Date: 9/27/2004 BSL Series: 2003-7 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 07386HEQ0 SEN 2.01500% 223,143,589.36 412,164.84 8,456,029.63 II-A-1 07386HER8 SEN 1.93500% 60,876,858.88 107,980.34 5,416,540.18 II-A-2 07386HES6 SEN 1.89500% 71,092,093.20 123,492.90 6,325,444.29 M-1 07386HET4 SUB 2.26500% 14,581,500.00 30,274.84 0.00 M-2 07386HEU1 SUB 2.96500% 8,748,900.00 23,778.78 0.00 B 07386HEV9 SUB 4.11500% 5,832,600.00 22,001.05 0.00 B-IO BSL030071 SEN 0.00000% 0.00 1,107,999.97 0.00 X BSL030072 SEN 0.00000% 2,916,293.00 0.00 0.00 XP BSL030073 SEN 0.00000% 100.00 25,773.21 0.00 R-1 BSL030074 RES 0.00000% 0.00 0.00 0.00 R-2 BSL030075 RES 0.00000% 0.00 0.00 0.00 R-3 BSL030076 RES 0.00000% 0.00 0.00 0.00 Totals 387,191,934.44 1,853,465.93 20,198,014.10
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 214,687,559.73 8,868,194.47 0.00 II-A-1 0.00 55,460,318.70 5,524,520.52 0.00 II-A-2 0.00 64,766,648.91 6,448,937.19 0.00 M-1 0.00 14,581,500.00 30,274.84 0.00 M-2 0.00 8,748,900.00 23,778.78 0.00 B 0.00 5,832,600.00 22,001.05 0.00 B-IO 0.00 0.00 1,107,999.97 0.00 X 0.00 2,916,293.00 0.00 0.00 XP 0.00 100.00 25,773.21 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 366,993,920.34 22,051,480.03 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-1 283,120,300.00 223,143,589.36 0.00 8,456,029.63 0.00 0.00 II-A-1 125,000,000.00 60,876,858.88 0.00 5,416,540.18 0.00 0.00 II-A-2 145,975,200.00 71,092,093.20 0.00 6,325,444.29 0.00 0.00 M-1 14,581,500.00 14,581,500.00 0.00 0.00 0.00 0.00 M-2 8,748,900.00 8,748,900.00 0.00 0.00 0.00 0.00 B 5,832,600.00 5,832,600.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 X 37.13 2,916,293.00 0.00 0.00 0.00 0.00 XP 100.00 100.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 583,258,637.13 387,191,934.44 0.00 20,198,014.10 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A-1 8,456,029.63 214,687,559.73 0.75829094 8,456,029.63 II-A-1 5,416,540.18 55,460,318.70 0.44368255 5,416,540.18 II-A-2 6,325,444.29 64,766,648.91 0.44368255 6,325,444.29 M-1 0.00 14,581,500.00 1.00000000 0.00 M-2 0.00 8,748,900.00 1.00000000 0.00 B 0.00 5,832,600.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 X 0.00 2,916,293.00 78,542.76865069 0.00 XP 0.00 100.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 20,198,014.10 366,993,920.34 0.62921301 20,198,014.10
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 283,120,300.00 788.15821176 0.00000000 29.86726713 0.00000000 II-A-1 125,000,000.00 487.01487104 0.00000000 43.33232144 0.00000000 II-A-2 145,975,200.00 487.01487102 0.00000000 43.33232145 0.00000000 M-1 14,581,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 8,748,900.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 5,832,600.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X 37.13 78542768.65068680 0.00000000 0.00000000 0.00000000 XP 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 29.86726713 758.29094463 0.75829094 29.86726713 II-A-1 0.00000000 43.33232144 443.68254960 0.44368255 43.33232144 II-A-2 0.00000000 43.33232145 443.68254957 0.44368255 43.33232145 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 78,542,768.65068680 78542.76865069 0.00000000 XP 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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-1 283,120,300.00 2.01500% 223,143,589.36 412,164.80 0.00 0.00 II-A-1 125,000,000.00 1.93500% 60,876,858.88 107,980.33 0.00 0.00 II-A-2 145,975,200.00 1.89500% 71,092,093.20 123,492.89 0.00 0.00 M-1 14,581,500.00 2.26500% 14,581,500.00 30,274.84 0.00 0.00 M-2 8,748,900.00 2.96500% 8,748,900.00 23,778.78 0.00 0.00 B 5,832,600.00 4.11500% 5,832,600.00 22,001.05 0.00 0.00 B-IO 0.00 0.00000% 387,191,834.44 0.00 0.00 0.00 X 37.13 0.00000% 2,916,293.00 0.00 0.00 0.00 XP 100.00 0.00000% 100.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 583,258,637.13 719,692.69 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A-1 0.00 0.00 412,164.84 0.00 214,687,559.73 II-A-1 0.00 0.00 107,980.34 0.00 55,460,318.70 II-A-2 0.00 0.00 123,492.90 0.00 64,766,648.91 M-1 0.00 0.00 30,274.84 0.00 14,581,500.00 M-2 0.00 0.00 23,778.78 0.00 8,748,900.00 B 0.00 0.00 22,001.05 0.00 5,832,600.00 B-IO 0.00 0.00 1,107,999.97 0.00 366,993,820.34 X 0.00 0.00 0.00 0.00 2,916,293.00 XP 0.00 0.00 25,773.21 0.00 100.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,853,465.93 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-1 283,120,300.00 2.01500% 788.15821176 1.45579388 0.00000000 0.00000000 II-A-1 125,000,000.00 1.93500% 487.01487104 0.86384264 0.00000000 0.00000000 II-A-2 145,975,200.00 1.89500% 487.01487102 0.84598541 0.00000000 0.00000000 M-1 14,581,500.00 2.26500% 1000.00000000 2.07625004 0.00000000 0.00000000 M-2 8,748,900.00 2.96500% 1000.00000000 2.71791654 0.00000000 0.00000000 B 5,832,600.00 4.11500% 1000.00000000 3.77208278 0.00000000 0.00000000 B-IO 0.00 0.00000% 663.84254973 0.00000000 0.00000000 0.00000000 X 37.13 0.00000% 78542768.65068680 0.00000000 0.00000000 0.00000000 XP 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.00000000 0.00000000 1.45579402 0.00000000 758.29094463 II-A-1 0.00000000 0.00000000 0.86384272 0.00000000 443.68254960 II-A-2 0.00000000 0.00000000 0.84598548 0.00000000 443.68254957 M-1 0.00000000 0.00000000 2.07625004 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.71791654 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.77208278 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 1.89967210 0.00000000 629.21294242 X 0.00000000 0.00000000 0.00000000 0.00000000 78542768.65068680 XP 0.00000000 0.00000000 257732.10000000 0.00000000 1000.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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 22,174,211.13 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 32,613.22 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 22,206,824.35 Withdrawals Reimbursement for Servicer Advances 35,809.09 Payment of Service Fee 119,535.23 Payment of Interest and Principal 22,051,480.03 Total Withdrawals (Pool Distribution Amount) 22,206,824.35 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 86,278.42 Additional Servicing Fee 33,256.81 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 119,535.23
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 Class XP 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 1 0 0 1 422,577.26 0.00 0.00 422,577.26 30 Days 7 0 0 0 7 1,754,155.18 0.00 0.00 0.00 1,754,155.18 60 Days 3 1 0 0 4 305,140.24 152,949.98 0.00 0.00 458,090.22 90 Days 0 0 1 0 1 0.00 0.00 253,499.99 0.00 253,499.99 120 Days 2 0 1 0 3 731,505.01 0.00 360,000.00 0.00 1,091,505.01 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 2 1 3 3 9 305,350.00 94,500.00 759,503.46 737,089.63 1,896,443.09 Totals 14 3 5 3 25 3,096,150.43 670,027.24 1,373,003.45 737,089.63 5,876,270.75 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 0.072622% 0.000000% 0.000000% 0.072622% 0.115082% 0.000000% 0.000000% 0.115082% 30 Days 0.508351% 0.000000% 0.000000% 0.000000% 0.508351% 0.477716% 0.000000% 0.000000% 0.000000% 0.477716% 60 Days 0.217865% 0.072622% 0.000000% 0.000000% 0.290487% 0.083100% 0.041653% 0.000000% 0.000000% 0.124754% 90 Days 0.000000% 0.000000% 0.072622% 0.000000% 0.072622% 0.000000% 0.000000% 0.069037% 0.000000% 0.069037% 120 Days 0.145243% 0.000000% 0.072622% 0.000000% 0.217865% 0.199214% 0.000000% 0.098040% 0.000000% 0.297254% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.145243% 0.072622% 0.217865% 0.217865% 0.653595% 0.083157% 0.025736% 0.206839% 0.200735% 0.516466% Totals 1.016703% 0.217865% 0.363108% 0.217865% 1.815541% 0.843187% 0.182471% 0.373916% 0.200735% 1.600309%
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 4 0 0 0 4 639,613.00 0.00 0.00 0.00 639,613.00 60 Days 3 1 0 0 4 305,140.24 152,949.98 0.00 0.00 458,090.22 90 Days 0 0 1 0 1 0.00 0.00 253,499.99 0.00 253,499.99 120 Days 1 0 0 0 1 352,298.97 0.00 0.00 0.00 352,298.97 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 2 1 3 3 9 305,350.00 94,500.00 759,503.46 737,089.63 1,896,443.09 Totals 10 2 4 3 19 1,602,402.21 247,449.98 1,013,003.45 737,089.63 3,599,945.27 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.389105% 0.000000% 0.000000% 0.000000% 0.389105% 0.277618% 0.000000% 0.000000% 0.000000% 0.277618% 60 Days 0.291829% 0.097276% 0.000000% 0.000000% 0.389105% 0.132443% 0.066387% 0.000000% 0.000000% 0.198830% 90 Days 0.000000% 0.000000% 0.097276% 0.000000% 0.097276% 0.000000% 0.000000% 0.110029% 0.000000% 0.110029% 120 Days 0.097276% 0.000000% 0.000000% 0.000000% 0.097276% 0.152912% 0.000000% 0.000000% 0.000000% 0.152912% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.194553% 0.097276% 0.291829% 0.291829% 0.875486% 0.132534% 0.041017% 0.329655% 0.319927% 0.823134% Totals 0.972763% 0.194553% 0.389105% 0.291829% 1.848249% 0.695508% 0.107403% 0.439685% 0.319927% 1.562523% 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 1 422,577.26 0.00 0.00 422,577.26 30 Days 3 0 0 0 3 1,114,542.18 0.00 0.00 0.00 1,114,542.18 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 1 0 1 0 2 379,206.04 0.00 360,000.00 0.00 739,206.04 150 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 1 1 0 6 1,493,748.22 422,577.26 360,000.00 0.00 2,276,325.48 0-29 Days 0.286533% 0.000000% 0.000000% 0.286533% 0.308895% 0.000000% 0.000000% 0.308895% 30 Days 0.859599% 0.000000% 0.000000% 0.000000% 0.859599% 0.814706% 0.000000% 0.000000% 0.000000% 0.814706% 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 0.286533% 0.000000% 0.286533% 0.000000% 0.573066% 0.277191% 0.000000% 0.263152% 0.000000% 0.540344% 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 1.146132% 0.286533% 0.286533% 0.000000% 1.719198% 1.091898% 0.308895% 0.263152% 0.000000% 1.663945%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 32,613.22
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.062615% Weighted Average Net Coupon 5.795217% Weighted Average Pass-Through Rate 5.692146% Weighted Average Maturity(Stepdown Calculation ) 337 Beginning Scheduled Collateral Loan Count 1,440 Number Of Loans Paid In Full 63 Ending Scheduled Collateral Loan Count 1,377 Beginning Scheduled Collateral Balance 387,191,834.44 Ending Scheduled Collateral Balance 366,993,820.34 Ending Actual Collateral Balance at 31-Aug-2004 367,196,058.61 Monthly P &I Constant 2,220,502.57 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 366,993,820.34 Scheduled Principal 264,340.21 Unscheduled Principal 19,933,673.89 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,916,293.00 Overcollateralized Amount 2,916,293.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,108,000.03
Miscellaneous Reporting Trigger Event NO Interest Carry Forward Class B 0.00 Interest Carry Forward Class I-A-1 0.00 Interest Carry Forward Class II-A-1 0.00 Interest Carry Forward Class II-A-2 0.00 Interest Carry Forward Class M-1 0.00 Interest Carry Forward Class M-2 0.00
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.871205 6.370463 6.062615 Weighted Average Net Rate 5.663188 6.007563 5.795217 Weighted Average Maturity 348 325 337 Beginning Loan Count 1,063 377 1,440 Loans Paid In Full 35 28 63 Ending Loan Count 1,028 349 1,377 Beginning Scheduled Balance 238,747,293.70 148,444,540.74 387,191,834.44 Ending scheduled Balance 230,291,264.07 136,702,556.27 366,993,820.34 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 1,275,303.03 945,199.54 2,220,502.57 Scheduled Principal 107,191.06 157,149.15 264,340.21 Unscheduled Principal 8,348,838.57 11,584,835.32 19,933,673.89 Scheduled Interest 1,168,111.97 788,050.39 1,956,162.36 Servicing Fees 41,386.29 44,892.13 86,278.42 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 33,256.81 0.00 33,256.81 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 1,093,468.87 743,158.26 1,836,627.13 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 5.496031 6.007563 5.692146
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