8-K 1 sam03ar1.txt NOVEMBER 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): November 19, 2003 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-AR1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-20 54-2120419 Pooling and Servicing Agreement) (Commission 54-2120420 (State or other File Number) 54-2120418 jurisdiction IRS EIN 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 November 19, 2003 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2003-AR1 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-AR1 Trust, relating to the November 19, 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 MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-AR1 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/20/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-AR1 Trust, relating to the November 19, 2003 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 910/3031/03 Distribution Date: 1011/2019/03 SAM Series: 2003-AR1 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 A-1 86358HRV3 SEN 1.49000% ~~223~~219,~~850~~979,~~246~~600.2654 ~~277~~273,~~947~~141.3933 3,~~870~~999,~~645~~039.7205 A-2 86358HRW1 SEN 3.~~16020~~11931% 8180,~~581~~031,~~289~~644.5250 ~~214~~208,~~843~~036.9748 12,~~549~~480,~~645~~733.0212 A-3 86358HRX9 SEN 1.54000% ~~106~~99,~~715~~398,~~651~~485.6445 ~~136~~127,~~951~~561.7539 74,~~317~~281,~~166~~229.1908 A-3M 86358HRY7 SEN 1.87000% 2,~~667~~485,~~933~~001.4843 43,~~157~~872.5346 ~~182~~107,~~932~~032.0542 A-4 86358HRZ4 SEN 3.~~09167~~05167% 3129,~~310~~720,~~226~~198.7071 8075,~~667~~580.4120 1950,~~590,027~~723.9920 A-5 86358HSA8 SEN 3.~~51800~~44600% 1817,~~102~~844,~~640~~782.8745 5351,~~070~~244.9127 ~~257~~407,~~858~~225.4294 X-1 86358HSB6 SEN 1.~~37814~~37225% 0.00 ~~481~~463,~~038~~839.3367 0.00 R-I 86358HSH3 RES 3.~~07398~~04196% 0.00 0.00 0.00 R-II 86358HSJ9 RES 3.~~07398~~04196% 0.00 0.00 0.00 R-III 86358HSK6 RES 3.~~07398~~04196% 0.00 0.00 0.00 M 86358HSD2 MEZ 1.92000% 17,~~692~~680,~~091~~368.0825 28,~~307~~288.3559 11,~~722~~442.8351 B-1 86358HSE0 SUB 2.12000% 8,~~016~~011,~~769~~457.2936 14,~~162~~153.9657 5,~~311~~184.9391 B-2 86358HSF7 SUB 2.12000% 6,~~081~~077,~~724~~695.8812 10,~~744~~737.3826 43,~~029~~933.7741 B-3 86358HSG5 SUB 2.12000% 4,~~423~~420,~~072~~141.6490 7,~~814~~808.0992 2,~~930~~860.7466 B-4 86358HSL4 SUB 3.~~14643~~13315% 1,~~935~~933,~~044~~762.4124 5,~~073~~048.7396 1,~~282~~251.1751 B-5 86358HSM2 SUB 3.~~14643~~13315% 1,~~382~~381,~~160~~244.3351 3,~~624~~606.0637 ~~915~~893.8292 B-6 86358HSN0 SUB 3.~~14643~~13315% 3,~~317~~315,~~494~~296.1800 8,~~698~~656.5508 2,~~198~~145.1862 Totals ~~507~~492,~~076~~279,~~345~~678.2846 1,~~327~~281,~~102~~575.4155 1412,~~796~~253,~~666~~695.8335

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~219~~215,~~979~~980,~~600~~561.5449 4,~~148~~272,~~593~~180.1138 0.00 A-2 0.00 8077,~~031~~550,~~644~~911.5038 12,~~764~~688,~~488~~769.9960 0.00 A-3 0.00 9995,~~398~~117,~~485~~256.4537 74,~~454~~408,~~117~~790.9447 0.00 A-3M 0.00 2,~~485~~377,~~001~~969.4301 ~~187~~110,~~089~~904.5888 0.00 A-4 0.00 2928,~~720~~769,~~198~~475.7151 1,~~670~~026,~~695~~303.40 0.00 A-5 0.00 17,~~844~~437,~~782~~556.4551 ~~310~~458,~~929~~470.3321 0.00 X-1 0.00 0.00 ~~481~~463,~~038~~839.3367 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 M 0.00 17,~~680~~668,~~368~~925.2575 4039,~~030~~731.1810 0.00 B-1 0.00 8,~~011~~006,~~457~~272.3645 19,~~474~~338.8948 0.00 B-2 0.00 6,~~077~~073,~~695~~761.1271 14,~~774~~670.1567 0.00 B-3 0.00 4,~~420~~417,~~141~~281.9024 10,~~744~~669.8358 0.00 B-4 0.00 1,~~933~~932,~~762~~510.2474 6,~~355~~300.9047 0.00 B-5 0.00 1,~~381~~380,~~244~~350.5158 4,~~539~~500.8829 0.00 B-6 0.00 3,~~315~~313,~~296~~150.0038 10,~~896~~801.7370 0.00 Totals 0.00 ~~492~~480,~~279~~025,~~678~~983.4612 1613,~~123~~535,~~769~~270.2490 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-1 230,624,800.00 ~~223~~219,~~850~~979,~~246~~600.2654 0.00 3,~~870~~999,~~645~~039.7205 0.00 0.00 A-2 87,637,500.00 8180,~~581~~031,~~289~~644.5250 2624,~~152~~394.7538 12,~~523~~456,~~492~~338.2774 0.00 0.00 A-3 132,789,900.00 ~~106~~99,~~715~~398,~~651~~485.6445 ~~195~~175,~~663~~891.2766 74,~~121~~105,~~502~~337.9242 0.00 0.00 A-3M 3,319,800.00 2,~~667~~485,~~933~~001.4843 4,~~891~~397.6636 ~~178~~102,~~040~~635.3906 0.00 0.00 A-4 36,541,400.00 3129,~~310~~720,~~226~~198.7071 4041,~~866~~216.8642 1909,~~549,161~~506.1378 0.00 0.00 A-5 20,424,100.00 1817,~~102~~844,~~640~~782.8745 12,~~982~~357.2574 ~~244~~394,~~876~~868.1720 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 M 17,737,400.00 17,~~692~~680,~~091~~368.0825 11,~~722~~442.8351 0.00 0.00 0.00 B-1 8,037,300.00 8,~~016~~011,~~769~~457.2936 5,~~311~~184.9391 0.00 0.00 0.00 B-2 6,097,300.00 6,~~081~~077,~~724~~695.8812 43,~~029~~933.7741 0.00 0.00 0.00 B-3 4,434,400.00 4,~~423~~420,~~072~~141.6490 2,~~930~~860.7466 0.00 0.00 0.00 B-4 1,940,000.00 1,~~935~~933,~~044~~762.4124 1,~~282~~251.1751 0.00 0.00 0.00 B-5 1,385,700.00 1,~~382~~381,~~160~~244.3351 ~~915~~893.8292 0.00 0.00 0.00 B-6 3,325,990.36 3,~~317~~315,~~494~~296.1800 2,~~198~~145.1862 0.00 0.00 0.00 Totals 554,295,740.36 ~~507~~492,~~076~~279,~~345~~678.2846 ~~308~~285,~~948~~970.2310 1411,~~487~~967,~~718~~725.6025 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 3,~~870~~999,~~645~~039.7205 ~~219~~215,~~979~~980,~~600~~561.5449 0.~~95384191~~93650189 3,~~870~~999,~~645~~039.7205 A-2 12,~~549~~480,~~645~~733.0212 8077,~~031~~550,~~644~~911.5038 0.~~91321232~~88490556 12,~~549~~480,~~645~~733.0212 A-3 74,~~317~~281,~~166~~229.1908 9995,~~398~~117,~~485~~256.4537 0.~~74853950~~71629888 74,~~317~~281,~~166~~229.1908 A-3M ~~182~~107,~~932~~032.0542 2,~~485~~377,~~001~~969.4301 0.~~74853950~~71629888 ~~182~~107,~~932~~032.0542 A-4 1950,~~590,027~~723.9920 2928,~~720~~769,~~198~~475.7151 0.~~81332950~~78731180 1950,~~590,027~~723.9920 A-5 ~~257~~407,~~858~~225.4294 17,~~844~~437,~~782~~556.4551 0.~~87371206~~85377356 ~~257~~407,~~858~~225.4294 X-1 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 M 11,~~722~~442.8351 17,~~680~~668,~~368~~925.2575 0.~~99678466~~99613956 11,~~722~~442.8351 B-1 5,~~311~~184.9391 8,~~011~~006,~~457~~272.3645 0.~~99678466~~99613956 5,~~311~~184.9391 B-2 43,~~029~~933.7741 6,~~077~~073,~~695~~761.1271 0.~~99678466~~99613956 43,~~029~~933.7741 B-3 2,~~930~~860.7466 4,~~420~~417,~~141~~281.9024 0.~~99678466~~99613955 2,~~930~~860.7466 B-4 1,~~282~~251.1751 1,~~933~~932,~~762~~510.2474 0.~~99678466~~99613956 1,~~282~~251.1751 B-5 ~~915~~893.8292 1,~~381~~380,~~244~~350.5158 0.~~99678466~~99613955 ~~915~~893.8292 B-6 2,~~198~~145.1862 3,~~315~~313,~~296~~150.0038 0.~~99678461~~99613950 2,~~198~~145.1862 Totals 1412,~~796~~253,~~666~~695.8335 ~~492~~480,~~279~~025,~~678~~983.4612 0.~~88811738~~86601059 1412,~~796~~253,~~666~~695.8335

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 230,624,800.00 ~~970~~953.~~62521576~~84191353 0.00000000 1617.~~78330223~~34002176 0.00000000 A-2 87,637,500.00 ~~930~~913.~~89475989~~21231779 0.~~29841963~~27835550 1728.~~38402248~~02839812 0.00000000 A-3 132,789,900.00 ~~803~~748.~~64283458~~53950075 1.~~47348006~~32458613 5330.~~62985378~~91603669 0.00000000 A-3M 3,319,800.00 ~~803~~748.~~64283391~~53949937 1.~~47348033~~32458582 5330.~~62985421~~91603711 0.00000000 A-4 36,541,400.00 ~~856~~813.~~84255940~~32950325 1.~~11837149~~12793763 4224.~~39468466~~88976284 0.00000000 A-5 20,424,100.00 ~~886~~873.~~33726186~~71205830 0.~~63563388~~60505677 1119.~~98956968~~33344431 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 M 17,737,400.00 ~~997~~996.~~44557150~~78466122 0.~~66091028~~64510639 0.00000000 0.00000000 B-1 8,037,300.00 ~~997~~996.~~44557127~~78466152 0.~~66090976~~64510594 0.00000000 0.00000000 B-2 6,097,300.00 ~~997~~996.~~44557099~~78466206 0.~~66091057~~64510685 0.00000000 0.00000000 B-3 4,434,400.00 ~~997~~996.~~44557099~~78466083 0.~~66091016~~64510644 0.00000000 0.00000000 B-4 1,940,000.00 ~~997~~996.~~44557216~~78465979 0.~~66091237~~64510825 0.00000000 0.00000000 B-5 1,385,700.00 ~~997~~996.~~44557263~~78466479 0.~~66090784~~64510356 0.00000000 0.00000000 B-6 3,325,990.36 ~~997~~996.~~44551875~~78460884 0.~~66090991~~64510710 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 1617.~~78330223~~34002176 ~~953~~936.~~84191353~~50189177 0.~~95384191~~93650189 1617.~~78330223~~34002176 A-2 0.00000000 1728.~~68244211~~30675362 ~~913~~884.~~21231779~~90556417 0.~~91321232~~88490556 1728.~~68244211~~30675362 A-3 0.00000000 5532.~~10333384~~24062282 ~~748~~716.~~53950075~~29887793 0.~~74853950~~71629888 5532.~~10333384~~24062282 A-3M 0.00000000 5532.~~10333454~~24062293 ~~748~~716.~~53949937~~29887644 0.~~74853950~~71629888 5532.~~10333454~~24062293 A-4 0.00000000 4326.~~51305615~~01770047 ~~813~~787.~~32950325~~31180278 0.~~81332950~~78731180 4326.~~51305615~~01770047 A-5 0.00000000 1219.~~62520356~~93850108 ~~873~~853.~~71205830~~77355722 0.~~87371206~~85377356 1219.~~62520356~~93850108 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 0.~~66091028~~64510639 996.~~78466122~~13955540 0.~~99678466~~99613956 0.~~66091028~~64510639 B-1 0.00000000 0.~~66090976~~64510594 996.~~78466152~~13955557 0.~~99678466~~99613956 0.~~66090976~~64510594 B-2 0.00000000 0.~~66091057~~64510685 996.~~78466206~~13955521 0.~~99678466~~99613956 0.~~66091057~~64510685 B-3 0.00000000 0.~~66091016~~64510644 996.~~78466083~~13955439 0.~~99678466~~99613955 0.~~66091016~~64510644 B-4 0.00000000 0.~~66091237~~64510825 996.~~78465979~~13955670 0.~~99678466~~99613956 0.~~66091237~~64510825 B-5 0.00000000 0.~~66090784~~64510356 996.~~78466479~~13955402 0.~~99678466~~99613955 0.~~66090784~~64510356 B-6 0.00000000 0.~~66090991~~64510710 996.~~78460884~~13950174 0.~~99678461~~99613950 0.~~66090991~~64510710 (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-1 230,624,800.00 1.49000% ~~223~~219,~~850~~979,~~246~~600.2654 ~~277~~273,~~947~~141.3934 0.00 0.00 A-2 87,637,500.00 3.~~16020~~11931% 8180,~~581~~031,~~289~~644.5250 ~~214~~208,~~843~~036.9749 0.00 0.00 A-3 132,789,900.00 1.54000% ~~106~~99,~~715~~398,~~651~~485.6445 ~~136~~127,~~951~~561.7539 0.00 0.00 A-3M 3,319,800.00 1.87000% 2,~~667~~485,~~933~~001.4843 43,~~157~~872.5346 0.00 0.00 A-4 36,541,400.00 3.~~09167~~05167% 3129,~~310~~720,~~226~~198.7071 8075,~~667~~580.4120 0.00 0.00 A-5 20,424,100.00 3.~~51800~~44600% 1817,~~102~~844,~~640~~782.8745 5351,~~070~~244.9127 0.00 0.00 X-1 0.00 1.~~37814~~37225% ~~418~~405,~~860~~617,~~356~~731.8623 ~~481~~463,~~038~~839.3468 0.00 0.00 R-I 50.00 3.~~07398~~04196% 0.00 0.00 0.00 0.00 R-II 50.00 3.~~07398~~04196% 0.00 0.00 0.00 0.00 R-III 50.00 3.~~07398~~04196% 0.00 0.00 0.00 0.00 M 17,737,400.00 1.92000% 17,~~692~~680,~~091~~368.0825 28,~~307~~288.3559 0.00 0.00 B-1 8,037,300.00 2.12000% 8,~~016~~011,~~769~~457.2936 14,~~162~~153.9657 0.00 0.00 B-2 6,097,300.00 2.12000% 6,~~081~~077,~~724~~695.8812 10,~~744~~737.3826 0.00 0.00 B-3 4,434,400.00 2.12000% 4,~~423~~420,~~072~~141.6490 7,~~814~~808.1092 0.00 0.00 B-4 1,940,000.00 3.~~14643~~13315% 1,~~935~~933,~~044~~762.4124 5,~~073~~048.7396 0.00 0.00 B-5 1,385,700.00 3.~~14643~~13315% 1,~~382~~381,~~160~~244.3351 3,~~624~~606.0637 0.00 0.00 B-6 3,325,990.36 3.~~14643~~13315% 3,~~317~~315,~~494~~296.1800 8,~~698~~656.5508 0.00 0.00 Totals 554,295,740.36 1,~~327~~281,~~102~~575.4358 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 ~~277~~273,~~947~~141.3933 0.00 ~~219~~215,~~979~~980,~~600~~561.5449 A-2 0.00 0.00 ~~214~~208,~~843~~036.9748 0.00 8077,~~031~~550,~~644~~911.5038 A-3 0.00 0.00 ~~136~~127,~~951~~561.7539 0.00 9995,~~398~~117,~~485~~256.4537 A-3M 0.00 0.00 43,~~157~~872.5346 0.00 2,~~485~~377,~~001~~969.4301 A-4 0.00 0.00 8075,~~667~~580.4120 0.00 2928,~~720~~769,~~198~~475.7151 A-5 0.00 0.00 5351,~~070~~244.9127 0.00 17,~~844~~437,~~782~~556.4551 X-1 0.00 0.00 ~~481~~463,~~038~~839.3367 0.00 ~~405~~395,~~617~~849,~~731~~060.2304 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 M 0.00 0.00 28,~~307~~288.3559 0.00 17,~~680~~668,~~368~~925.2575 B-1 0.00 0.00 14,~~162~~153.9657 0.00 8,~~011~~006,~~457~~272.3645 B-2 0.00 0.00 10,~~744~~737.3826 0.00 6,~~077~~073,~~695~~761.1271 B-3 0.00 0.00 7,~~814~~808.0992 0.00 4,~~420~~417,~~141~~281.9024 B-4 0.00 0.00 5,~~073~~048.7396 0.00 1,~~933~~932,~~762~~510.2474 B-5 0.00 0.00 3,~~624~~606.0637 0.00 1,~~381~~380,~~244~~350.5158 B-6 0.00 0.00 8,~~698~~656.5508 0.00 3,~~315~~313,~~296~~150.0038 Totals 0.00 0.00 1,~~327~~281,~~102~~575.4155 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-1 230,624,800.00 1.49000% ~~970~~953.~~62521576~~84191353 1.~~20519298~~18435372 0.00000000 0.00000000 A-2 87,637,500.00 3.~~16020~~11931% ~~930~~913.~~89475989~~21231779 2.~~45150729~~37382958 0.00000000 0.00000000 A-3 132,789,900.00 1.54000% ~~803~~748.~~64283458~~53950075 10.~~03134162~~96062570 0.00000000 0.00000000 A-3M 3,319,800.00 1.87000% ~~803~~748.~~64283391~~53949937 1.~~25234351~~16647388 0.00000000 0.00000000 A-4 36,541,400.00 3.~~09167~~05167% ~~856~~813.~~84255940~~32950325 2.~~20756211~~06834440 0.00000000 0.00000000 A-5 20,424,100.00 3.~~51800~~44600% ~~886~~873.~~33726186~~71205830 2.~~59844546~~50900994 0.00000000 0.00000000 X-1 0.00 1.~~37814~~37225% ~~910~~881.~~55332461~~76540855 1.~~04572097~~00833310 0.00000000 0.00000000 R-I 50.00 3.~~07398~~04196% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.~~07398~~04196% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 3.~~07398~~04196% 0.00000000 0.00000000 0.00000000 0.00000000 M 17,737,400.00 1.92000% ~~997~~996.~~44557150~~78466122 1.~~59591316~~59485550 0.00000000 0.00000000 B-1 8,037,300.00 2.12000% ~~997~~996.~~44557127~~78466152 1.~~76215396~~76098565 0.00000000 0.00000000 B-2 6,097,300.00 2.12000% ~~997~~996.~~44557099~~78466206 1.~~76215374~~76098601 0.00000000 0.00000000 B-3 4,434,400.00 2.12000% ~~997~~996.~~44557099~~78466083 1.~~76215497~~76098683 0.00000000 0.00000000 B-4 1,940,000.00 3.~~14643~~13315% ~~997~~996.~~44557216~~78465979 2.~~61532474~~60255670 0.00000000 0.00000000 B-5 1,385,700.00 3.~~14643~~13315% ~~997~~996.~~44557263~~78466479 2.~~61532799~~60256188 0.00000000 0.00000000 B-6 3,325,990.36 3.~~14643~~13315% ~~997~~996.~~44551875~~78460884 2.~~61532628~~60255715 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 0.00000000 0.00000000 1.~~20519298~~18435368 0.00000000 ~~953~~936.~~84191353~~50189177 A-2 0.00000000 0.00000000 2.~~45150729~~37382947 0.00000000 ~~913~~884.~~21231779~~90556417 A-3 0.00000000 0.00000000 10.~~03134162~~96062570 0.00000000 ~~748~~716.~~53950075~~29887793 A-3M 0.00000000 0.00000000 1.~~25234351~~16647388 0.00000000 ~~748~~716.~~53949937~~29887644 A-4 0.00000000 0.00000000 2.~~20756211~~06834440 0.00000000 ~~813~~787.~~32950325~~31180278 A-5 0.00000000 0.00000000 2.~~59844546~~50900994 0.00000000 ~~873~~853.~~71205830~~77355722 X-1 0.00000000 0.00000000 1.~~04572095~~00833308 0.00000000 ~~881~~860.~~76540855~~52946229 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 0.00000000 1.~~59591316~~59485550 0.00000000 996.~~78466122~~13955540 B-1 0.00000000 0.00000000 1.~~76215396~~76098565 0.00000000 996.~~78466152~~13955557 B-2 0.00000000 0.00000000 1.~~76215374~~76098601 0.00000000 996.~~78466206~~13955521 B-3 0.00000000 0.00000000 1.~~76215272~~76098683 0.00000000 996.~~78466083~~13955439 B-4 0.00000000 0.00000000 2.~~61532474~~60255670 0.00000000 996.~~78465979~~13955670 B-5 0.00000000 0.00000000 2.~~61532799~~60256188 0.00000000 996.~~78466479~~13955402 B-6 0.00000000 0.00000000 2.~~61532628~~60255715 0.00000000 996.~~78460884~~13950174 (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 1613,~~282~~707,~~424~~390.8694 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 269,~~724~~526.3675 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1613,~~309~~716,~~149~~917.2269 Withdrawals Reimbursement for Servicer Advances 2526,~~835~~724.7836 Payment of Service Fee ~~159~~154,~~544~~922.2043 Payment of Interest and Principal 1613,~~123~~535,~~769~~270.2490 Total Withdrawals (Pool Distribution Amount) 1613,~~309~~716,~~149~~917.2269 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8076,~~413~~680.6239 Additional Servicing Fee 7675,~~232~~474.1023 Master Servicing Fee 1,~~056~~025.4058 Miscellaneous Servicing Fee 1,~~842~~742.0823 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~159~~154,~~544~~922.2043

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 227 0 0 0 227 41,~~970~~058,~~309~~802.8712 0.00 0.00 0.00 41,~~970~~058,~~309~~802.8712 60 Days 30 0 0 0 30 ~~974,170~~0.9700 0.00 0.00 0.00 ~~974,170~~0.9700 90 Days 31 0 0 0 31 ~~898~~600,000.00 0.00 0.00 0.00 ~~898~~600,000.00 120 Days 2 0 0 1 0 2 1~~,068,600~~ 0.00 0.00 066,000.00 0.00 166,~~068,600~~000.00 150 Days 02 0 0 0 02 01,068,600.00 0.00 0.00 0.00 01,068,600.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3010 0 01 0 3011 72,~~911~~727,~~080~~402.8412 0.00 066,000.00 0.00 72,~~911~~793,~~080~~402.8412 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 10.~~415701~~457516% 0.000000% 0.000000% 0.000000% 10.~~415701~~457516% 10.~~009129~~220466% 0.000000% 0.000000% 0.000000% 10.~~009129~~220466% 60 Days 0.~~193050~~000000% 0.000000% 0.000000% 0.000000% 0.~~193050~~000000% 0.~~197787~~000000% 0.000000% 0.000000% 0.000000% 0.~~197787~~000000% 90 Days 0.~~193050~~065359% 0.000000% 0.000000% 0.000000% 0.~~193050~~065359% 0.~~182322~~124934% 0.000000% 0.000000% 0.000000% 0.~~182322~~124934% 120 Days 0.~~128700~~000000% 0.000000% 0.~~000000~~065359% 0.000000% 0.~~128700~~065359% 0.~~216959~~000000% 0.000000% 0.~~000000~~013743% 0.000000% 0.~~216959~~013743% 150 Days 0.~~000000~~130719% 0.000000% 0.000000% 0.000000% 0.~~000000~~130719% 0.~~000000~~222507% 0.000000% 0.000000% 0.000000% 0.~~000000~~222507% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~930502~~653595% 0.000000% 0.~~000000~~065359% 0.000000% 10.~~930502~~718954% 10.~~606197~~567907% 0.000000% 0.~~000000~~013743% 0.000000% 10.~~606197~~581649%

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 114 0 0 0 114 2484,~~102,888~~047.5517 0.00 0.00 0.00 2484,~~102,888~~047.5517 60 Days 20 0 0 0 20 ~~853,450~~0.9700 0.00 0.00 0.00 ~~853,450~~0.9700 90 Days 21 0 0 0 21 ~~832~~600,000.00 0.00 0.00 0.00 ~~832~~600,000.00 120 Days 10 0 0 0 10 ~~368,600~~0.00 0.00 0.00 0.00 ~~368,600~~0.00 150 Days 01 0 0 0 01 0368,600.00 0.00 0.00 0.00 0368,600.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 166 0 0 0 166 41,~~156~~452,~~939~~647.5217 0.00 0.00 0.00 41,~~156~~452,~~939~~647.5217 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~378446~~506329% 0.000000% 0.000000% 0.000000% 10.~~378446~~506329% 0.~~878560~~205665% 0.000000% 0.000000% 0.000000% 0.~~878560~~205665% 60 Days 0.~~250627~~000000% 0.000000% 0.000000% 0.000000% 0.~~250627~~000000% 0.~~356561~~000000% 0.000000% 0.000000% 0.000000% 0.~~356561~~000000% 90 Days 0.~~250627~~126582% 0.000000% 0.000000% 0.000000% 0.~~250627~~126582% 0.~~347599~~254932% 0.000000% 0.000000% 0.000000% 0.~~347599~~254932% 120 Days 0.~~125313~~000000% 0.000000% 0.000000% 0.000000% 0.~~125313~~000000% 0.~~153996~~000000% 0.000000% 0.000000% 0.000000% 0.~~153996~~000000% 150 Days 0.~~000000~~126582% 0.000000% 0.000000% 0.000000% 0.~~000000~~126582% 0.~~000000~~156613% 0.000000% 0.000000% 0.000000% 0.~~000000~~156613% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 20.~~005013~~759494% 0.000000% 0.000000% 0.000000% 20.~~005013~~759494% 10.~~736717~~617211% 0.000000% 0.000000% 0.000000% 10.~~736717~~617211% 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 41 0 0 0 4 1 83,~~233,941~~999.1357 0.00 0.00 0.00 183,~~233,941~~999.1357 60 Days 10 0 0 0 10 ~~120,720~~0.00 0.00 0.00 0.00 ~~120,720~~0.00 90 Days 10 0 0 0 10 ~~66,000~~0.00 0.00 0.00 0.00 ~~66,000~~0.00 120 Days 1 0 0 1 0 1 ~~700,000~~0.00 0.00 066,000.00 0.00 ~~700~~66,000.00 150 Days 01 0 0 0 01 0700,000.00 0.00 0.00 0.00 0700,000.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 72 0 01 0 73 2783,~~120,661~~999.1357 0.00 066,000.00 0.00 2849,~~120,661~~999.1357 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~355932~~346021% 0.000000% 0.000000% 0.000000% 10.~~355932~~346021% 10.~~411864~~098924% 0.000000% 0.000000% 0.000000% 10.~~411864~~098924% 60 Days 0.~~338983~~000000% 0.000000% 0.000000% 0.000000% 0.~~338983~~000000% 0.~~138127~~000000% 0.000000% 0.000000% 0.000000% 0.~~138127~~000000% 90 Days 0.~~338983~~000000% 0.000000% 0.000000% 0.000000% 0.~~338983~~000000% 0.~~075517~~000000% 0.000000% 0.000000% 0.000000% 0.~~075517~~000000% 120 Days 0.~~338983~~000000% 0.000000% 0.~~000000~~346021% 0.000000% 0.~~338983~~346021% 0.~~800933~~000000% 0.000000% 0.~~000000~~077726% 0.000000% 0.~~800933~~077726% 150 Days 0.~~000000~~346021% 0.000000% 0.000000% 0.000000% 0.~~000000~~346021% 0.~~000000~~824367% 0.000000% 0.000000% 0.000000% 0.~~000000~~824367% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 20.~~372881~~692042% 0.000000% 0.~~000000~~346021% 0.000000% 21.~~372881~~038062% 20.~~426440~~923291% 0.000000% 0.~~000000~~077726% 0.000000% 21.~~426440~~001017% 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 62 0 0 0 62 1490,~~588,355~~755.5638 0.00 0.00 0.00 1490,~~588,355~~755.5638 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 62 0 0 0 62 1490,~~588,355~~755.5638 0.00 0.00 0.00 1490,~~588,355~~755.5638 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~898734~~647249% 0.000000% 0.000000% 0.000000% 10.~~898734~~647249% 10.~~400628~~450358% 0.000000% 0.000000% 0.000000% 10.~~400628~~450358% 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 10.~~898734~~647249% 0.000000% 0.000000% 0.000000% 10.~~898734~~647249% 10.~~400628~~450358% 0.000000% 0.000000% 0.000000% 10.~~400628~~450358% 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 10 0 0 0 10 ~~45,124~~0.6300 0.00 0.00 0.00 ~~45,124~~0.6300 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 10 0 0 0 10 ~~45,124~~0.6300 0.00 0.00 0.00 ~~45,124~~0.6300 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~162791~~000000% 0.000000% 0.000000% 0.000000% 10.~~162791~~000000% 0.~~137540~~000000% 0.000000% 0.000000% 0.000000% 0.~~137540~~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 10.~~162791~~000000% 0.000000% 0.000000% 0.000000% 10.~~162791~~000000% 0.~~137540~~000000% 0.000000% 0.000000% 0.000000% 0.~~137540~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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 269,~~724~~526.3675

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.~~518161~~501663% Weighted Average Net Coupon 3.~~327861~~314744% Weighted Average Pass-Through Rate 3.~~140598~~124018% Weighted Average Maturity(Stepdown Calculation ) ~~330~~329 Beginning Scheduled Collateral Loan Count 1,~~580~~554 Number Of Loans Paid In Full 2624 Ending Scheduled Collateral Loan Count 1,~~554~~530 Beginning Scheduled Collateral Balance ~~507~~492,~~076~~279,~~346~~679.2543 Ending Scheduled Collateral Balance ~~492~~480,~~279~~025,~~679~~984.4308 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2003 ~~492~~480,~~534~~255,~~860~~448.8067 Monthly P &I Constant 1,~~795~~722,~~594~~468.8810 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 ~~492~~480,~~279~~025,~~679~~984.4308 Scheduled Principal ~~308~~285,~~948~~970.2210 Unscheduled Principal 1411,~~487~~967,~~718~~725.6025

Miscellaneous Reporting Deferred Int Added to Group 3, 4, or 5 0.00 Amt from Pref Acct to buy Sub Loans Gr1 0.00 Amt from Pref Acct to buy Sub Loans Gr2 0.00 Basic Risk Reserve RI 20.2100

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.~~347610~~313974 3.~~513196~~473704 3.~~468429~~534813 Weighted Average Net Rate 3.~~253172~~220649 3.~~423999~~386728 3.~~093429~~159813 Weighted Average Maturity ~~310~~309 ~~325~~324 ~~352~~351 Beginning Loan Count ~~806~~798 ~~300~~295 ~~325~~316 Loans Paid In Full 8 56 97 Ending Loan Count ~~798~~790 ~~295~~289 ~~316~~309 Beginning Scheduled Balance ~~243~~239,~~225~~354,~~290~~644.7199 8887,~~933~~381,~~881~~879.2418 ~~120~~113,~~739~~218,~~658~~738.1049 Ending scheduled Balance ~~239~~235,~~354~~355,~~644~~605.9994 8784,~~381~~898,~~879~~905.1864 ~~113~~108,~~218~~810,~~738~~418.4957 Record Date 0910/3031/2003 0910/3031/2003 0910/3031/2003 Principal And Interest Constant ~~678~~661,~~519~~012.5147 ~~288~~279,~~878~~583.2978 ~~570~~533,~~357~~853.0732 Scheduled Principal 0.00 2826,~~509~~634.7980 ~~221~~200,~~376~~347.3044 Unscheduled Principal 3,~~870~~999,~~645~~039.7205 12,~~523~~456,~~492~~338.2774 74,~~299~~207,~~543~~972.3148 Scheduled Interest ~~678~~661,~~519~~012.5147 ~~260~~252,~~368~~948.5098 ~~348~~333,~~980~~505.7788 Servicing Fees 1918,~~141~~614.4675 6,~~610~~333.5540 3735,~~731~~380.1486 Master Servicing Fees ~~506~~498.7166 ~~185~~182.2804 ~~251~~235.5487 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 56,~~866~~183.4357 19,~~365~~290.6766 1,~~842~~742.0823 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 ~~602~~585,~~004~~715.9149 ~~234~~227,~~207~~142.0088 ~~309~~296,~~156~~146.0192 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 2.~~970110~~936474 3.~~160195~~119313 3.~~072621~~138847

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 43.~~008545~~920929 5.~~086639~~029469 3.~~518161~~501663 Weighted Average Net Rate 3.~~633545~~545929 4.~~711639~~654469 3.~~327861~~314744 Weighted Average Maturity ~~352~~ 351 ~~330~~350 329 Beginning Loan Count 8886 6159 1,~~580~~554 Loans Paid In Full 2 21 2624 Ending Loan Count 8684 5958 1,~~554~~530 Beginning Scheduled Balance 3432,~~364~~770,~~364~~350.9563 19,~~813~~554,~~151~~066.2514 ~~507~~492,~~076~~279,~~346~~679.2543 Ending scheduled Balance 3231,~~770~~815,~~350~~397.6343 19,~~554~~145,~~066~~656.1450 ~~492~~480,~~279~~025,~~679~~984.4308 Record Date 0910/3031/2003 0910/3031/2003 0910/3031/2003 Principal And Interest Constant ~~159~~152,~~645~~521.7861 9895,~~194~~496.2392 1,~~795~~722,~~594~~468.8810 Scheduled Principal 4445,~~853~~446.1942 1413,~~208~~541.9444 ~~308~~285,~~948~~970.2210 Unscheduled Principal 1909,~~549,161~~506.1378 ~~244~~394,~~876~~868.1720 1411,~~487~~967,~~718~~725.6025 Scheduled Interest ~~114~~107,~~792~~075.5919 8381,~~985~~955.2948 1,~~486~~436,~~646~~498.6600 Servicing Fees 10,~~738~~240.8673 6,~~191~~110.6165 8076,~~413~~680.6239 Master Servicing Fees 7168.5927 4140.2874 1,~~056~~025.4058 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 7877,~~074~~216.1846 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 ~~103~~96,~~982~~766.1419 7775,~~752~~804.4009 1,~~327~~281,~~102~~575.4657 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 3.~~631045~~543429 4.~~709139~~651969 3.~~140598~~124018

Miscellaneous Reporting Group Group 1 Amt Remaining in Int Coverage Acct Gr 1 0.00 Amt Withdrawn from Int Coverage Acct Gr1 0.00 Amt Remaining in Prefunding Acct Group 1 0.00 Amt Withdrawn from Prefunding Acct Gr 1 0.00 Group 1 Senior Percentage 9291.~~034116~~905298% Group 1 Senior Prepayment Percentage 100.000000% Group 1 Sen Mez & Sub Percentage 78.~~965884~~094702% Group 1 Sen Mez & Sub Prep Percentage 0.000000% Group Group 2 Amt Remaining in Int Coverage Acct Gr2 0.00 Amt Withdrawn from Int Coverage Acct Gr2 0.00 Amt Remaining in Prefunding Acct Group 2 0.00 Amt Withdrawn from Prefunding Acct Gr2 0.00 Group 2 Senior Percentage 91.~~732519~~588376% Group 2 Senior Prepayment Percentage 100.000000% Group 2 Sen Mez & Sub Percentage 8.~~267481~~411623% Group 2 Sen Mez & Sub Prep Percentage 0.000000% Group Group 3 Group 3 Senior Percentage 9089.~~594579~~988184% Group 3 Senior Prepayment Percentage 100.000000% Group 3 Sen Mez & Sub Percentage 910.~~405421~~011816% Group 3 Sen Mez & Sub Prep Percentage 0.000000%

Miscellaneous Reporting Group Group 4 Group 4 Senior Percentage 9190.~~112485~~692343% Group 4 Senior Prepayment Percentage 100.000000% Group 4 Sen Mez & Sub Percentage 89.~~887515~~307657% Group 4 Sen Mez & Sub Prep Percentage 0.000000% Group Group 5 Group 5 Senior Percentage 91.~~366793~~258679% Group 5 Senior Prepayment Percentage 100.000000% Group 5 Sen Mez & Sub Percentage 8.~~633207~~741321% Group 5 Sen Mez & Sub Prep Percentage 0.000000%

Filing Compare · STRUCTURED ASSET MORTGAGE INVESTMENTS TRUST 2003-AR1