8-K 1 sai03bc2.txt JULY 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): July 25, 2003 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-102489-03 Pending Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On July 25, 2003 a distribution was made to holders of STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-BC2 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-BC2 Trust, relating to the July 25, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC2 Trust By: Wells Fargo Bank Minnesota, N.A., as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/6/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-BC2 Trust, relating to the July 25, 2003 distribution.

Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 56/3130/03 Distribution Date: 67/25/03 SAIL Series: 2003-BC2 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 86358EAJ5 SEN 1.~~66000~~37500% ~~611~~601,~~417~~797,~~101~~634.22 ~~817~~689,~~600~~559.5378 913,~~619~~747,~~467~~431.0003 A2 86358EAK2 SEN 1.~~68000~~39500% ~~340~~333,~~292~~687,~~893~~503.3799 ~~460~~387,~~529~~911.72 6,~~605~~319,~~389~~121.3824 A3 86358EAL0 SEN 1.~~67000~~38500% ~~375~~361,~~211~~270,~~854~~738.9948 ~~504~~416,~~764~~966.1764 1312,~~941~~583,~~116~~280.5183 A-IO 86358EAM8 IO 6.00000% 0.00 2,569,~~155~~154.0195 0.00 M1 86358EAN6 MEZ 21.~~24000~~95500% 97,317,000.00 ~~175~~158,~~603~~545.1261 0.00 M2 86358EAP1 MEZ 32.~~27000~~98500% 38,926,000.00 ~~102~~96,~~537~~828.5742 0.00 M3 86358EAQ9 MEZ 4.~~57000~~28500% 15,571,000.00 5755,~~322~~601.9144 0.00 M4A 86358EAR7 MEZ 5.~~32000~~03500% 9,678,000.00 4140,~~475~~607.6127 0.00 M4F 86358EAT3 MEZ 7.00000% 2,000,000.00 11,666.67 0.00 B 86358EAS5 SEN 7.00000% 11,678,000.00 68,121.67 0.00 X ARC03BC2X SEN 0.00000% 10,121,133.74 4,~~151~~234,~~529~~022.6689 0.00 P ARC03BC2P SEN 0.00000% 100.00 ~~609~~463,~~004~~192.0236 0.00 R1 ARC03B2R1 SEN 0.00000% 0.00 0.00 0.00 R2 ARC03B2R2 SEN 0.00000% 0.00 0.00 0.00 R3 ARC03B2R3 SEN 0.00000% 0.00 0.00 0.00 Totals 1,~~512~~482,~~213~~047,~~083~~110.3243 9,~~569~~192,~~310~~179.6642 3032,~~165~~649,~~972~~833.8910

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 ~~601~~588,~~797~~050,~~634~~203.2219 1014,~~437~~436,~~067~~990.5381 0.00 A2 0.00 ~~333~~327,~~687~~368,~~503~~382.9975 76,~~065~~707,~~919~~032.1096 0.00 A3 0.00 ~~361~~348,~~270~~687,~~738~~457.4865 1413,~~445~~000,~~880~~247.6847 0.00 A-IO 0.00 0.00 2,569,~~155~~154.0195 0.00 M1 0.00 97,317,000.00 ~~175~~158,~~603~~545.1261 0.00 M2 0.00 38,926,000.00 ~~102~~96,~~537~~828.5742 0.00 M3 0.00 15,571,000.00 5755,~~322~~601.9144 0.00 M4A 0.00 9,678,000.00 4140,~~475~~607.6127 0.00 M4F 0.00 2,000,000.00 11,666.67 0.00 B 0.00 11,678,000.00 68,121.67 0.00 X 0.00 10,121,133.74 4,~~151~~234,~~529~~022.6689 0.00 P 0.00 100.00 ~~609~~463,~~004~~192.0236 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 Totals 0.00 1,~~482~~449,~~047~~397,~~110~~277.4333 3941,~~735~~842,~~283~~012.5552 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) A1 624,271,000.00 ~~611~~601,~~417~~797,~~101~~634.22 0.00 913,~~619~~747,~~467~~431.0003 0.00 0.00 A2 345,932,000.00 ~~340~~333,~~292~~687,~~893~~503.3799 0.00 6,~~605~~319,~~389~~121.3824 0.00 0.00 A3 401,571,000.00 ~~375~~361,~~211~~270,~~854~~738.9948 0.00 1312,~~941~~583,~~116~~280.5183 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M1 97,317,000.00 97,317,000.00 0.00 0.00 0.00 0.00 M2 38,926,000.00 38,926,000.00 0.00 0.00 0.00 0.00 M3 15,571,000.00 15,571,000.00 0.00 0.00 0.00 0.00 M4A 9,678,000.00 9,678,000.00 0.00 0.00 0.00 0.00 M4F 2,000,000.00 2,000,000.00 0.00 0.00 0.00 0.00 X 10,121,033.74 10,121,133.74 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,545,387,133.74 1,~~500~~470,~~535~~369,~~083~~110.3243 0.00 3032,~~165~~649,~~972~~833.8910 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 A1 913,~~619~~747,~~467~~431.0003 ~~601~~588,~~797~~050,~~634~~203.2219 0.~~96400063~~94197905 913,~~619~~747,~~467~~431.0003 A2 6,~~605~~319,~~389~~121.3824 ~~333~~327,~~687~~368,~~503~~382.9975 0.~~96460433~~94633738 6,~~605~~319,~~389~~121.3824 A3 1312,~~941~~583,~~116~~280.5183 ~~361~~348,~~270~~687,~~738~~457.4865 0.~~89964350~~86830836 1312,~~941~~583,~~116~~280.5183 A-IO 0.00 0.00 0.00000000 0.00 M1 0.00 97,317,000.00 1.00000000 0.00 M2 0.00 38,926,000.00 1.00000000 0.00 M3 0.00 15,571,000.00 1.00000000 0.00 M4A 0.00 9,678,000.00 1.00000000 0.00 M4F 0.00 2,000,000.00 1.00000000 0.00 X 0.00 10,121,133.74 1.00000988 0.00 P 0.00 100.00 1.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 R3 0.00 0.00 0.00000000 0.00 Totals 3032,~~165~~649,~~972~~833.8910 1,~~470~~437,~~369~~719,~~110~~277.4333 0.~~95145681~~93032952 3032,~~165~~649,~~972~~833.8910

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 624,271,000.00 ~~979~~964.~~40974548~~00062508 0.00000000 1522.~~40912040~~02157561 0.00000000 A2 345,932,000.00 ~~983~~964.~~69880026~~60432683 0.00000000 1918.~~09447342~~26694622 0.00000000 A3 401,571,000.00 ~~934~~899.~~35993882~~64349637 0.00000000 3431.~~71644245~~33513334 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 97,317,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 38,926,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 15,571,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4A 9,678,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4F 2,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 11,678,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 10,121,033.74 1000.00988041 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are Per $1,000 Denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 1522.~~40912040~~02157561 ~~964~~941.~~00062508~~97904947 0.~~96400063~~94197905 1522.~~40912040~~02157561 A2 0.00000000 1918.~~09447342~~26694622 ~~964~~946.~~60432683~~33738061 0.~~96460433~~94633738 1918.~~09447342~~26694622 A3 0.00000000 3431.~~71644245~~33513334 ~~899~~868.~~64349637~~30836303 0.~~89964350~~86830836 3431.~~71644245~~33513334 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00988041 1.00000988 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, 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 A1 624,271,000.00 1.~~66000~~37500% ~~611~~601,~~417~~797,~~101~~634.22 ~~817~~689,~~600~~559.5379 0.00 0.00 A2 345,932,000.00 1.~~68000~~39500% ~~340~~333,~~292~~687,~~893~~503.3799 ~~460~~387,~~529~~911.72 0.00 0.00 A3 401,571,000.00 1.~~67000~~38500% ~~375~~361,~~211~~270,~~854~~738.9948 ~~504~~416,~~764~~966.1764 0.00 0.00 A-IO 0.00 6.00000% 513,831,001.00 2,569,155.00 0.00 0.00 M1 97,317,000.00 21.~~24000~~95500% 97,317,000.00 ~~175~~158,~~603~~545.1261 0.00 0.00 M2 38,926,000.00 32.~~27000~~98500% 38,926,000.00 ~~102~~96,~~537~~828.5743 0.00 0.00 M3 15,571,000.00 4.~~57000~~28500% 15,571,000.00 5755,~~322~~601.9145 0.00 0.00 M4A 9,678,000.00 5.~~32000~~03500% 9,678,000.00 4140,~~475~~607.6128 0.00 0.00 M4F 2,000,000.00 7.00000% 2,000,000.00 11,666.67 0.00 0.00 B 11,678,000.00 7.00000% 11,678,000.00 68,121.67 0.00 0.00 X 10,121,033.74 0.00000% 10,121,133.74 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 R3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,557,065,133.74 4,~~808~~494,~~776~~964.9726 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 A1 0.0001 0.00 ~~817~~689,~~600~~559.5378 0.00 ~~601~~588,~~797~~050,~~634~~203.2219 A2 0.0001 0.00 ~~460~~387,~~529~~911.72 0.00 ~~333~~327,~~687~~368,~~503~~382.9975 A3 0.0001 0.00 ~~504~~416,~~764~~966.1764 0.00 ~~361~~348,~~270~~687,~~738~~457.4865 A-IO 0.0005 0.00 2,569,~~155~~154.0195 0.00 513,831,001.00 M1 0.00 0.00 ~~175~~158,~~603~~545.1261 0.00 97,317,000.00 M2 0.00 0.00 ~~102~~96,~~537~~828.5742 0.00 38,926,000.00 M3 0.00 0.00 5755,~~322~~601.9144 0.00 15,571,000.00 M4A 0.00 0.00 4140,~~475~~607.6127 0.00 9,678,000.00 M4F 0.00 0.00 11,666.67 0.00 2,000,000.00 B 0.00 0.00 68,121.67 0.00 11,678,000.00 X 0.00 0.00 4,~~151~~234,~~529~~022.6689 0.00 10,121,133.74 P 0.00 0.00 ~~609~~463,~~004~~192.0236 0.00 100.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 Totals 0.0008 0.00 9,~~569~~192,~~310~~179.6642 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, 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 A1 624,271,000.00 1.~~66000~~37500% ~~979~~964.~~40974548~~00062508 1.~~30968847~~10458405 0.00000000 0.00000000 A2 345,932,000.00 1.~~68000~~39500% ~~983~~964.~~69880026~~60432683 1.~~33127239~~12135252 0.00000000 0.00000000 A3 401,571,000.00 1.~~67000~~38500% ~~934~~899.~~35993882~~64349637 1.~~25697366~~03833853 0.00000000 0.00000000 A-IO 0.00 6.00000% 1000.00000000 4.99999999 0.00000000 0.00000000 M1 97,317,000.00 21.~~24000~~95500% 1000.00000000 1.~~80444444~~62916664 0.00000000 0.00000000 M2 38,926,000.00 32.~~27000~~98500% 1000.00000000 2.~~63416662~~48750013 0.00000000 0.00000000 M3 15,571,000.00 4.~~57000~~28500% 1000.00000000 3.~~68138912~~57083360 0.00000000 0.00000000 M4A 9,678,000.00 5.~~32000~~03500% 1000.00000000 4.~~28555590~~19583385 0.00000000 0.00000000 M4F 2,000,000.00 7.00000% 1000.00000000 5.83333500 0.00000000 0.00000000 B 11,678,000.00 7.00000% 1000.00000000 5.83333362 0.00000000 0.00000000 X 10,121,033.74 0.00000% 1000.00988041 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000% 0.00000000 0.00000000 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 A1 0.~~00000000~~00000002 0.00000000 1.~~30968847~~10458403 0.00000000 ~~964~~941.~~00062508~~97904947 A2 0.~~00000000~~00000003 0.00000000 1.~~33127239~~12135252 0.00000000 ~~964~~946.~~60432683~~33738061 A3 0.~~00000000~~00000002 0.00000000 1.~~25697366~~03833853 0.00000000 ~~899~~868.~~64349637~~30836303 A-IO 0.~~00000000~~00000010 0.00000000 54.~~00000001~~99999989 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.~~80444444~~62916664 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~63416662~~48749987 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~68138912~~57083296 0.00000000 1000.00000000 M4A 0.00000000 0.00000000 4.~~28555590~~19583282 0.00000000 1000.00000000 M4F 0.00000000 0.00000000 5.83333500 0.00000000 1000.00000000 B 0.00000000 0.00000000 5.83333362 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~410~~418.~~18830355~~33897592 0.00000000 1000.00988041 P 0.00000000 0.00000000 ~~6090040~~4631923.~~20000000~~60000000 0.00000000 1000.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,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 4042,~~388~~482,~~700~~380.1937 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) ~~(14~~0.~~54)~~00 Prepayment Penalties 0.00 Total Deposits 4042,~~388~~482,~~685~~380.6537 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~630~~640,~~088~~367.7885 Payment of Interest and Principal 3941,~~735~~842,~~283~~012.5552 Total Withdrawals (Pool Distribution Amount) 4042,~~365~~482,~~372~~380.3337 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~630~~617,~~088~~519.7861 Credit Risk Managment Fee 018,525.0059 Wells Fargo Bank Minnesota, NA 04,322.0065 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~630~~640,~~088~~367.7885

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 6222,893.0711 6222,893.0711 1,000.00 Financial Guaranty 0.00 0.00 0.00 0.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~244~~266 10 90 0 ~~254~~266 3332,~~917~~286,~~068~~465.3119 ~~146,716~~0.8300 ~~1,300,343~~0.5300 0.00 3532,~~364~~286,~~128~~465.6719 60 Days 75138 13 012 0 76153 919,~~472~~858,~~619~~379.7702 27273,~~961~~091.7448 01,996,788.0005 0.00 922,~~500~~128,~~581~~258.5155 90 Days 4179 01 24 0 4384 79,~~041~~580,~~615~~222.0959 027,961.0074 ~~215~~587,~~836~~511.1583 0.00 710,~~257~~195,~~451~~696.2416 120 Days 2037 0 112 0 2149 24,~~796~~231,~~186~~773.9812 0.00 ~~116~~1,~~705~~725,409.7450 0.00 25,~~912~~957,~~892~~182.7262 150 Days 124 0 06 0 130 ~~135~~2,~~000~~276,467.0070 0.00 01,046,691.0091 0.00 ~~135~~3,~~000~~323,159.0061 180+ Days 02 0 0 0 02 0169,820.0077 0.00 0.00 0.00 0169,820.0077 Totals ~~381~~546 24 1234 0 ~~395~~584 5368,~~362~~403,~~490~~128.1539 ~~174~~301,~~678~~053.5722 15,~~632~~356,~~885~~401.4229 0.00 5574,~~170~~060,~~054~~582.1490 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 2.~~536383~~822880% 0.~~010395~~000000% 0.~~093555~~000000% 0.000000% 2.~~640333~~822880% 2.~~287088~~226054% 0.~~009893~~000000% 0.~~087684~~000000% 0.000000% 2.~~384665~~226054% 60 Days 01.~~779626~~464502% 0.~~010395~~031837% 0.~~000000~~127348% 0.000000% 01.~~790021~~623687% 01.~~638755~~369175% 0.~~001886~~018829% 0.~~000000~~137673% 0.000000% 01.~~640641~~525677% 90 Days 0.~~426195~~838374% 0.~~000000~~010612% 0.~~020790~~042449% 0.000000% 0.~~446985~~891436% 0.~~474829~~660527% 0.~~000000~~001928% 0.~~014554~~040507% 0.000000% 0.~~489383~~702962% 120 Days 0.~~207900~~392656% 0.000000% 0.~~010395~~127348% 0.000000% 0.~~218295~~520004% 0.~~188552~~291768% 0.000000% 0.~~007870~~118962% 0.000000% 0.~~196421~~410730% 150 Days 0.~~010395~~254696% 0.000000% 0.~~000000~~063674% 0.000000% 0.~~010395~~318370% 0.~~009103~~156956% 0.000000% 0.~~000000~~072166% 0.000000% 0.~~009103~~229122% 180+ Days 0.~~000000~~021225% 0.000000% 0.000000% 0.000000% 0.~~000000~~021225% 0.~~000000~~011709% 0.000000% 0.000000% 0.000000% 0.~~000000~~011709% Totals 35.~~960499~~794333% 0.~~020790~~042449% 0.~~124740~~360819% 0.000000% 46.~~106029~~197602% 34.~~598327~~716189% 0.~~011779~~020757% 0.~~110108~~369308% 0.000000% 35.~~720214~~106253%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 13 0 0 0 13 1,~~364~~211,~~290~~781.0104 0.00 0.00 0.00 1,~~364~~211,~~290~~781.0104 60 Days 57 0 0 0 57 ~~442~~543,~~355~~330.4252 0.00 0.00 0.00 ~~442~~543,~~355~~330.4252 90 Days 31 0 0 0 31 ~~293~~207,~~614~~500.8349 0.00 0.00 0.00 ~~293~~207,~~614~~500.8349 120 Days 02 0 01 0 03 0174,872.0096 0.00 0118,741.0087 0.00 0293,614.0083 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 2123 0 01 0 2124 2,~~100~~137,~~260~~485.2601 0.00 0118,741.0087 0.00 2,~~100~~256,~~260~~226.2688 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~239276~~262136% 0.000000% 0.000000% 0.000000% 1.~~239276~~262136% 0.~~972033~~878474% 0.000000% 0.000000% 0.000000% 0.~~972033~~878474% 60 Days 0.~~476644~~679612% 0.000000% 0.000000% 0.000000% 0.~~476644~~679612% 0.~~315171~~393884% 0.000000% 0.000000% 0.000000% 0.~~315171~~393884% 90 Days 0.~~285987~~097087% 0.000000% 0.000000% 0.000000% 0.~~285987~~097087% 0.~~209196~~150426% 0.000000% 0.000000% 0.000000% 0.~~209196~~150426% 120 Days 0.~~000000~~194175% 0.000000% 0.~~000000~~097087% 0.000000% 0.~~000000~~291262% 0.~~000000~~126773% 0.000000% 0.~~000000~~086081% 0.000000% 0.~~000000~~212854% 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 2.~~001907~~233010% 0.000000% 0.~~000000~~097087% 0.000000% 2.~~001907~~330097% 1.~~496399~~549557% 0.000000% 0.~~000000~~086081% 0.000000% 1.~~496399~~635639% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 6769 0 0 0 6769 98,~~758~~268,~~107~~381.4420 0.00 0.00 0.00 98,~~758~~268,~~107~~381.4420 60 Days 2239 0 0 0 2239 36,~~533~~156,~~485~~956.3283 0.00 0.00 0.00 36,~~533~~156,~~485~~956.3283 90 Days 1317 0 0 0 1317 12,~~917~~682,~~747~~608.6007 0.00 0.00 0.00 12,~~917~~682,~~747~~608.6007 120 Days 08 0 04 0 012 01,139,759.0063 0.00 0720,395.0032 0.00 01,860,154.0095 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 ~~102~~133 0 04 0 ~~102~~137 1518,~~209~~247,~~340~~705.3673 0.00 0720,395.0032 0.00 1518,~~209~~968,~~340~~101.3605 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~906117~~000000% 0.000000% 0.000000% 0.000000% 12.~~906117~~000000% 1.~~786460~~545717% 0.000000% 0.000000% 0.000000% 1.~~786460~~545717% 60 Days 01.~~625889~~130435% 0.000000% 0.000000% 0.000000% 01.~~625889~~130435% 01.~~646891~~151001% 0.000000% 0.000000% 0.000000% 01.~~646891~~151001% 90 Days 0.~~369844~~492754% 0.000000% 0.000000% 0.000000% 0.~~369844~~492754% 0.~~351090~~501495% 0.000000% 0.000000% 0.000000% 0.~~351090~~501495% 120 Days 0.~~000000~~231884% 0.000000% 0.~~000000~~115942% 0.000000% 0.~~000000~~347826% 0.~~000000~~213070% 0.000000% 0.~~000000~~134673% 0.000000% 0.~~000000~~347743% 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 23.~~901849~~855072% 0.000000% 0.~~000000~~115942% 0.000000% 23.~~901849~~971014% 23.~~784441~~411282% 0.000000% 0.~~000000~~134673% 0.000000% 23.~~784441~~545955% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 7 0 0 0 7 ~~658~~682,~~270~~849.4651 0.00 0.00 0.00 ~~658~~682,~~270~~849.4651 60 Days 2 0 0 0 2 ~~278~~218,~~134~~254.4090 0.00 0.00 0.00 ~~278~~218,~~134~~254.4090 90 Days 32 0 0 0 32 ~~344~~278,~~480~~134.4440 0.00 0.00 0.00 ~~344~~278,~~480~~134.4440 120 Days 01 0 02 0 03 0204,064.0023 0.00 0140,416.0021 0.00 0344,480.0044 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 12 0 02 0 1214 1,~~280~~383,~~885~~303.3004 0.00 0140,416.0021 0.00 1,~~280~~523,~~885~~719.3025 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~492537~~505376% 0.000000% 0.000000% 0.000000% 1.~~492537~~505376% 1.~~141570~~194743% 0.000000% 0.000000% 0.000000% 1.~~141570~~194743% 60 Days 0.~~426439~~430108% 0.000000% 0.000000% 0.000000% 0.~~426439~~430108% 0.~~482340~~381868% 0.000000% 0.000000% 0.000000% 0.~~482340~~381868% 90 Days 0.~~639659~~430108% 0.000000% 0.000000% 0.000000% 0.~~639659~~430108% 0.~~597397~~486636% 0.000000% 0.000000% 0.000000% 0.~~597397~~486636% 120 Days 0.~~000000~~215054% 0.000000% 0.~~000000~~430108% 0.000000% 0.~~000000~~645161% 0.~~000000~~357039% 0.000000% 0.~~000000~~245678% 0.000000% 0.~~000000~~602718% 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 2.~~558635~~580645% 0.000000% 0.~~000000~~430108% 0.000000% 23.~~558635~~010753% 2.~~221306~~420286% 0.000000% 0.~~000000~~245678% 0.000000% 2.~~221306~~665964% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 5955 10 40 0 6455 76,~~698~~940,~~488~~603.7085 ~~146,716~~0.8300 ~~456,867~~0.2600 0.00 86,~~302~~940,~~072~~603.7985 60 Days 1624 02 07 0 1633 23,~~365~~093,~~503~~771.5533 0193,389.0047 01,143,200.0008 0.00 24,~~365~~430,~~503~~360.5588 90 Days 512 0 10 0 612 ~~727~~1,~~057~~831,928.7444 0.00 ~~62,196~~0.9200 0.00 ~~789~~1,~~254~~831,928.6644 120 Days 04 0 02 0 06 0595,128.0036 0.00 0194,126.0030 0.00 0789,254.0066 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 8095 12 59 0 86106 1012,~~791~~461,~~049~~431.9998 ~~146~~193,~~716~~389.8347 ~~519~~1,~~064~~337,326.1838 0.00 1113,~~456~~992,~~831~~147.0083 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~596831~~458650% 0.~~044014~~000000% 0.~~176056~~000000% 0.000000% 2.~~816901~~458650% 2.~~383571~~188179% 0.~~045426~~000000% 0.~~141453~~000000% 0.000000% 2.~~570450~~188179% 60 Days 01.~~704225~~072865% 0.~~000000~~089405% 0.~~000000~~312919% 0.000000% 01.~~704225~~475190% 0.~~732396~~975380% 0.~~000000~~060970% 0.~~000000~~360419% 0.000000% 01.~~732396~~396770% 90 Days 0.~~220070~~536433% 0.000000% 0.~~044014~~000000% 0.000000% 0.~~264085~~536433% 0.~~225108~~577556% 0.000000% 0.~~019257~~000000% 0.000000% 0.~~244365~~577556% 120 Days 0.~~000000~~178811% 0.000000% 0.~~000000~~089405% 0.000000% 0.~~000000~~268216% 0.~~000000~~187627% 0.000000% 0.~~000000~~061203% 0.000000% 0.~~000000~~248830% 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 34.~~521127~~246759% 0.~~044014~~089405% 0.~~220070~~402325% 0.000000% 34.~~785211~~738489% 3.~~341076~~928743% 0.~~045426~~060970% 0.~~160710~~421622% 0.000000% 34.~~547212~~411335% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 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 6186 0 10 0 6286 68,~~566~~278,~~368~~804.0757 0.00 ~~70,524~~0.7700 0.00 68,~~636~~278,~~892~~804.8457 60 Days 2345 0 1 0 046 ~~24 2~~4,~~124~~946,~~812~~609.5913 ~~27,961.74~~ 0.00 70,524.77 0.00 25,~~152~~017,~~774~~133.3390 90 Days 640 0 1 2 0 743 ~~851~~3,~~252~~641,715.4689 027,961.0074 ~~153~~125,~~639~~832.2389 0.00 13,~~004~~795,~~891~~510.6952 120 Days 616 0 1 0 717 ~~374~~751,~~614~~013.4706 0.00 ~~116~~56,~~705~~724.7430 0.00 ~~491~~807,~~320~~737.2136 150 Days 016 0 01 0 017 01,042,481.0036 0.00 0116,705.0074 0.00 01,159,187.0010 180 Days 01 0 0 0 01 034,820.0077 0.00 0.00 0.00 034,820.0077 Totals 96204 1 35 0 ~~100~~210 918,~~917~~695,~~047~~444.5978 27,961.74 ~~340~~369,~~869~~787.7470 0.00 1019,~~285~~093,~~879~~194.0722 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 35.~~777090~~530547% 0.000000% 0.~~061920~~000000% 0.000000% 35.~~839009~~530547% 34.~~672955~~783946% 0.000000% 0.~~039449~~000000% 0.000000% 34.~~712404~~783946% 60 Days 12.~~424149~~893891% 0.~~061920~~000000% 0.~~000000~~064309% 0.000000% 12.~~486068~~958199% 12.~~188532~~858421% 0.~~015641~~000000% 0.~~000000~~040753% 0.000000% 12.~~204173~~899174% 90 Days 02.~~371517~~572347% 0.~~000000~~064309% 0.~~061920~~128617% 0.000000% 02.~~433437~~765273% 02.~~476155~~104383% 0.~~000000~~016158% 0.~~085939~~072713% 0.000000% 02.~~562095~~193254% 120 Days 01.~~371517~~028939% 0.000000% 0.~~061920~~064309% 0.000000% 01.~~433437~~093248% 0.~~209544~~433976% 0.000000% 0.~~065280~~032778% 0.000000% 0.~~274824~~466755% 150 Days 01.~~000000~~028939% 0.000000% 0.~~000000~~064309% 0.000000% 01.~~000000~~093248% 0.~~000000~~602403% 0.000000% 0.~~000000~~067439% 0.000000% 0.~~000000~~669842% 180 Days 0.~~000000~~064309% 0.000000% 0.000000% 0.000000% 0.~~000000~~064309% 0.~~000000~~020121% 0.000000% 0.000000% 0.000000% 0.~~000000~~020121% Totals 513.~~944272~~118971% 0.~~061920~~064309% 0.~~185759~~321543% 0.000000% 613.~~191950~~504823% 510.~~547187~~803251% 0.~~015641~~016158% 0.~~190668~~213684% 0.000000% 511.~~753496~~033092% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 6 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 3736 0 40 0 4136 76,~~871~~904,~~543~~045.6302 0.00 ~~772,951~~0.5000 0.00 86,~~644~~904,~~495~~045.1302 60 Days 721 01 04 0 726 ~~728~~4,~~328~~899,456.4931 079,702.0001 0783,063.0020 0.00 ~~728~~5,~~328~~762,221.4952 90 Days 117 0 02 0 119 2938,~~907,462~~335.0230 0.00 0461,678.0094 0.00 21,~~907~~400,~~462~~014.0224 120 Days 146 0 02 0 148 21,~~421~~366,~~572~~934.5188 0.00 0495,005.0050 0.00 21,~~421~~861,~~572~~940.5138 150 Days 18 0 05 0 113 ~~135~~1,~~000~~233,986.0034 0.00 0929,986.0017 0.00 ~~135~~2,~~000~~163,972.0051 180 Days 01 0 0 0 01 0135,000.00 0.00 0.00 0.00 0135,000.00 Totals 7079 01 413 0 7493 1415,~~063~~477,~~906~~757.6585 079,702.0001 ~~772~~2,~~951~~669,733.5081 0.00 1418,~~836~~227,~~858~~193.1567 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.~~285714~~247813% 0.000000% 0.~~571429~~000000% 0.000000% 5.~~857143~~247813% 3.~~321616~~000044% 0.000000% 0.~~326168~~000000% 0.000000% 3.~~647784~~000044% 60 Days 13.~~000000~~061224% 0.~~000000~~145773% 0.~~000000~~583090% 0.000000% 13.~~000000~~790087% 02.~~307338~~128982% 0.~~000000~~034633% 0.~~000000~~340268% 0.000000% 02.~~307338~~503883% 90 Days 1.~~571429~~020408% 0.000000% 0.~~000000~~291545% 0.000000% 1.~~571429~~311953% 10.~~226884~~407739% 0.000000% 0.~~000000~~200615% 0.000000% 10.~~226884~~608354% 120 Days 20.~~000000~~874636% 0.000000% 0.~~000000~~291545% 0.000000% 21.~~000000~~166181% 10.~~021850~~593980% 0.000000% 0.~~000000~~215097% 0.000000% 10.~~021850~~809077% 150 Days 01.~~142857~~166181% 0.000000% 0.~~000000~~728863% 0.000000% 01.~~142857~~895044% 0.~~056967~~536209% 0.000000% 0.~~000000~~404111% 0.000000% 0.~~056967~~940320% 180 Days 0.~~000000~~145773% 0.000000% 0.000000% 0.000000% 0.~~000000~~145773% 0.~~000000~~058662% 0.000000% 0.000000% 0.000000% 0.~~000000~~058662% Totals 1011.~~000000~~516035% 0.~~000000~~145773% 01.~~571429~~895044% 0.000000% 1013.~~571429~~556851% 56.~~934655~~725616% 0.~~000000~~034633% 01.~~326168~~160091% 0.000000% 67.~~260824~~920341%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~408,780~~0.7000

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~214121~~200272% Weighted Average Net Coupon 7.~~099765~~086281% Weighted Average Pass-Through Rate 7.~~096265~~082781% Weighted Average Maturity(Stepdown Calculation ) ~~352~~351 Beginning Scheduled Collateral Loan Count 9,~~839~~620 Number Of Loans Paid In Full ~~219~~197 Ending Scheduled Collateral Loan Count 9,~~620~~423 Beginning Scheduled Collateral Balance 1,~~512~~482,~~212~~047,~~983~~010.3243 Ending Scheduled Collateral Balance 1,~~482~~449,~~047~~397,~~010~~177.4333 Ending Actual Collateral Balance at 3130-~~May~~Jun-2003 1,~~482~~450,~~980~~389,~~686~~899.6743 Monthly P &I Constant 11,~~382~~152,~~432~~684.1019 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 140.5400 Cumulative Realized Loss 14.54 Ending Scheduled Balance for Premium Loans 1,~~482~~449,~~047~~397,~~010~~177.4333 Scheduled Principal 1,~~031~~025,~~182~~027.0439 Unscheduled Principal 2931,~~134~~624,~~790~~805.8571

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~214121~~200272% Weighted Average Net Rate 7.~~099765~~086281% Weighted Average Pass Through Rate 7.~~096265~~082781% Weighted Average Maturity ~~352~~351 Record Date 0506/3130/2003 Principal and Interest Constant 11,~~382~~152,~~432~~684.1019 Beginning Loan Count 9,~~839~~620 Loans Paid in Full ~~219~~197 Ending Loan Count 9,~~620~~423 Beginning Scheduled Balance 1,~~512~~482,~~212~~047,~~983~~010.3243 Ending Scheduled Balance 1,~~482~~449,~~047~~397,~~010~~177.4333 Ending Actual Balance at 3130-~~May~~Jun-2003 1,~~482~~450,~~980~~389,~~686~~899.6743 Scheduled Principal 1,~~031~~025,~~182~~027.0439 Unscheduled Principal 2931,~~134~~624,~~790~~805.8571 Scheduled Interest 10,~~351~~127,~~250~~656.0680 Servicing Fee ~~630~~617,~~088~~519.7861 Master Servicing Fee 0.00 Trustee Fee 04,322.0065 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee ~~774~~758,~~197~~301.3293 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 8,~~946~~751,~~963~~835.9626 Realized Loss Amount 140.5400 Cumulative Realized Loss 14.54 Percentage of Cumulative Losses 0.00 Special Servicing Fee 0.00 Prepayment Penalties 0.00

Miscellaneous Reporting Monthly Excess Cashflow 4,~~114~~234,~~873~~022.1889 Overcollateralization Amount 10,121,133.74 Overcollateralization Deficiency 0.00 Aggregate Overcollateralization Release 0.00 Targeted Overcollateralization Amount 10,121,133.74 Cap Payment ~~36,670~~0.3300

Group Level Collateral Statement Group 1 2 3 Collateral Description ~~Fixed~~Mixed ~~15/30 & ARM~~ Fixed ~~15/30~~Mixed & ARM Mixed Fixed ~~15/30 & ARM~~ Weighted Average Coupon Rate 8.~~126732~~124234 8.~~015789~~009234 8.~~385228~~385524 Weighted Average Net Rate 7.~~626733~~624234 7.~~515789~~509234 7.~~885228~~885523 ~~Pass-Through Rate 7.232099 6.719498 7.344088~~ Weighted Average Maturity ~~352~~351 ~~352~~351 ~~350~~349 Beginning Loan Count 1,~~061~~049 3,~~566~~515 ~~471~~469 Loans Paid In Full 1219 5165 24 Ending Loan Count 1,~~049~~030 3,~~515~~450 ~~469~~465 Beginning Scheduled Balance ~~141~~140,~~707~~254,~~728~~270.2291 ~~554~~545,~~032~~866,~~047~~044.6295 57,~~952~~631,~~740~~462.5340 Ending scheduled Balance ~~140~~137,~~254~~833,~~270~~211.9147 ~~545~~534,~~866~~539,~~044~~673.9536 57,~~631~~120,~~462~~246.4003 Record Date 0506/3130/2003 0506/3130/2003 0506/3130/2003 Principal And Interest Constant 1,~~086~~076,~~725~~711.9211 4,~~095~~035,~~048~~297.8913 ~~455~~453,~~293~~271.4005 Scheduled Principal 127,~~041~~162.9234 ~~394~~391,~~212~~989.2890 50,~~337~~546.6206 Unscheduled Principal 12,~~326~~293,~~415~~897.3910 710,~~771~~934,~~790~~381.3969 ~~270~~460,~~940~~670.5131 Scheduled Interest ~~959~~949,~~684~~548.0077 3,~~700~~643,~~836~~307.6123 ~~404~~402,~~955~~724.7899 Servicing Fees 5958,~~044~~439.8827 ~~230~~227,~~846~~444.7322 24,~~146~~013.9912 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 4645,~~602~~833.1862 ~~367~~361,~~642~~909.3297 2625,~~133~~867.8149 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 ~~854~~845,~~036~~275.9488 3,~~102~~053,~~347~~953.5604 ~~354~~352,~~674~~844.9838 Realized Loss Amount 0.00 (0.~~27)~~00 0.00 Cumulative Realized Loss 0.00 (0.27) 0.00 Percentage of Cumulative Losses 0.00 (0.27) 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.232087 6.713632 7.346912

Group Level Collateral Statement Group 4 5 6 Collateral Description ~~Fixed~~Mixed ~~15/30 &~~ ARM ~~Fixed~~Mixed ~~15/30 & ARM~~ Fixed ~~15/30~~Mixed & ARM Weighted Average Coupon Rate 8.~~197115~~194537 9.~~476308~~438292 7.~~711931~~713998 Weighted Average Net Rate 7.~~697115~~694537 8.~~976308~~938292 7.~~211931~~213998 ~~Pass-Through Rate 6.950783 8.650238 6.801615~~ Weighted Average Maturity ~~350~~349 ~~327~~326 ~~327~~326 Beginning Loan Count 2,~~318~~272 1,~~714~~615 ~~709~~700 Loans Paid In Full 4635 9960 914 Ending Loan Count 2,~~272~~237 1,~~615~~555 ~~700~~686 Beginning Scheduled Balance ~~329~~322,~~066~~782,~~886~~763.1785 ~~189~~178,~~082~~724,~~533~~268.5850 ~~240~~236,~~371~~788,~~047~~199.2082 Ending scheduled Balance ~~322~~316,~~782~~974,~~763~~858.8598 ~~178~~172,~~724~~999,~~268~~823.5053 ~~236~~229,~~788~~929,~~199~~363.8296 Record Date 0506/3130/2003 0506/3130/2003 0506/3130/2003 Principal And Interest Constant 2,~~473~~427,~~474~~492.9088 1,~~545~~457,~~693~~838.1935 1,~~726~~702,~~195~~073.8067 Scheduled Principal ~~225~~223,~~642~~280.1813 52,~~522~~128.9246 ~~181~~179,~~425~~920.1250 Unscheduled Principal 65,~~058~~584,~~480~~624.1474 105,~~305~~672,~~742~~316.1651 36,~~401~~678,~~422~~915.2636 Scheduled Interest 2,~~247~~204,~~832~~212.7275 1,~~493~~405,~~170~~709.2789 1,~~544~~522,~~770~~153.6817 Servicing Fees ~~137~~134,~~111~~492.2081 7874,~~784~~468.4045 ~~100~~98,~~154~~661.5874 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 ~~204~~199,~~661~~618.1859 5147,~~378~~279.4504 82,~~190~~115.0487 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,~~906~~870,~~060~~101.3435 1,~~363~~283,~~007~~962.4240 1,~~362~~341,~~426~~375.0656 Realized Loss Amount 140.8100 0.00 0.00 Cumulative Realized Loss 14.81 0.00 0.00 Percentage of Cumulative Losses 14.81 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.952421 8.620849 6.797850

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~214121~~200272 Weighted Average Net Rate 7.~~099765~~086281 ~~Pass-Through Rate 7.096265~~ Weighted Average Maturity ~~352~~351.00 Record Date 0506/3130/2003 Principal And Interest Constant 11,~~382~~152,~~432~~684.1019 Beginning Loan Count 9,~~839~~620 Loans Paid In Full ~~219~~197 Ending Loan Count 9,~~620~~423 Beginning Scheduled Balance 1,~~512~~482,~~212~~047,~~983~~010.3243 Ending Scheduled Balance 1,~~482~~449,~~047~~397,~~010~~177.4333 Scheduled Principal 1,~~031~~025,~~182~~027.0439 Unscheduled Principal 2931,~~134~~624,~~790~~805.8571 Scheduled Interest 10,~~351~~127,~~250~~656.0680 Servicing Fee ~~630~~617,~~088~~519.7861 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee ~~778~~762,~~607~~624.9858 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 8,~~942~~747,~~553~~512.3061 Realized Loss Amount 140.5400 Cumulative Realized Loss 14.54 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.082781

Filing Compare · STRUCTURED ASSET INVESTMENT LOAN TRUST 2003-BC2