8-K 1 sam03cl_jan.txt JAN. 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): January 26, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-CL1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-33 54-2121824 Pooling and Servicing Agreement) (Commission 54-2121827 (State or other File Number) 54-2121825 jurisdiction 54-2121826 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On January 26, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2003-CL1 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-CL1 Trust, relating to the January 26, 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. STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-CL1 Trust By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 2/9/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-CL1 Trust, relating to the January 26, 2004 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 1112/3031/03 Distribution Date: 121/26/0304 SAM Series: 2003-CL1 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 I-F1 86358HSS9 SEN 1.~~51875~~54125% 6057,~~541~~754,~~707~~676.6001 7673,~~407~~972.7536 23,~~787~~482,~~031~~384.5976 I-S1 86358HST7 SEN 6.~~48125~~45875% 0.00 ~~326~~309,~~069~~987.3097 0.00 I-F2 86358HSU4 SEN 1.~~71875~~74125% 3129,~~043~~695,~~997~~226.9750 4442,~~339~~969.1017 13,~~348~~939,~~771~~134.4705 I-S2 86358HSV2 SEN 5.~~78125~~75875% 0.00 ~~149~~142,~~140~~109.5982 0.00 I-I1 86358HSW0 SEN 0.~~84806~~84992% 0.00 6865,~~800~~948.0598 0.00 I-I2 86358HSX8 SEN 2.~~81452~~81329% 0.00 6,~~722~~677.7394 0.00 I-PO 86358HSY6 SEN 0.00000% 2,~~207~~114,~~812~~219.4062 0.00 9377,~~592~~830.7828 II-A1 86358HSZ3 SEN 54.~~02047~~99077% 3534,~~474~~916,~~949~~833.4570 ~~148~~144,~~000~~814.3321 ~~558~~359,~~115~~859.7632 I-B1 86358HTA7 SUB 5.00000% 1,~~277~~269,~~505~~511.3712 5,~~307~~274.9892 7,994.2585 I-B2 86358HTB5 SUB 5.00000% ~~958~~952,~~128~~133.7810 3,~~980~~956.9819 5,~~995~~996.6914 I-B3 86358HTC3 SUB 5.00000% ~~638~~634,~~753~~756.1704 2,~~653~~637.9946 3,997.1343 I-B4 86358HTL3 SUB 7.~~81452~~81329% ~~319~~317,~~376~~378.5802 2,~~073~~060.9772 1,998.5671 I-B5 86358HTM1 SUB 7.~~81452~~81329% ~~191~~190,~~625~~426.5643 1,~~244~~236.3843 1,199.1423 I-B6 86358HTN9 SUB 7.~~81452~~81329% ~~447~~444,~~127~~329.6970 2,~~903~~885.5602 2,~~797~~798.9920 II-B1 86358HTD1 SUB 54.~~02047~~99077% ~~353~~351,~~525~~666.3419 1,~~474~~458.9050 1,~~859~~865.1445 II-B2 86358HTE9 SUB 54.~~02047~~99077% ~~291~~289,~~127~~596.04 1,~~214~~201.5707 1,~~531~~536.0019 II-B3 86358HTF6 SUB 54.~~02047~~99077% ~~207~~206,~~961~~868.8217 ~~867~~857.6197 1,~~093~~097.6435 II-B4 86358HTP4 SUB 54.~~02047~~99077% 103,~~932~~385.1659 ~~433~~428.6078 ~~546~~548.5742 II-B5 86358HTQ2 SUB 54.~~02047~~99077% 62,~~398~~070.2915 ~~260~~257.3243 ~~328~~329.1426 II-B6 86358HTR0 SUB 54.~~02047~~99077% ~~145~~144,~~600~~834.3060 ~~607~~600.4469 ~~765~~768.6929 R-I SAM03C1R1 RES 0.00000% 0.00 0.00 0.00 R-II SAM03C1R2 RES 0.00000% 0.00 0.00 0.00 R-III SAM03C1R3 RES 0.00000% 0.00 0.00 0.00 R-IV SAM03C1R4 RES 0.00000% 0.00 0.6462 0.00 Totals ~~134~~129,~~265~~447,~~529~~910.5298 ~~842~~809,~~503~~336.7925 47,~~817~~889,~~618~~337.5493

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-F1 0.00 5754,~~754~~272,~~676~~291.0125 23,~~863~~556,~~439~~357.3412 0.00 I-S1 0.00 0.00 ~~326~~309,~~069~~987.3097 0.00 I-F2 0.00 2925,~~695~~756,~~226~~092.5045 13,~~393~~982,~~110~~103.5722 0.00 I-S2 0.00 0.00 ~~149~~142,~~140~~109.5982 0.00 I-I1 0.00 0.00 6865,~~800~~948.0598 0.00 I-I2 0.00 0.00 6,~~722~~677.7394 0.00 I-PO 0.00 2,~~114~~036,~~219~~389.6234 9377,~~592~~830.7828 0.00 II-A1 0.00 34,~~916~~556,~~833~~974.7038 ~~706~~504,~~116~~673.0953 0.00 I-B1 0.00 1,~~269~~261,~~511~~516.1227 13,~~302~~269.2377 0.00 I-B2 0.00 ~~952~~946,~~133~~136.1096 9,~~976~~952.6733 0.00 I-B3 0.00 ~~634~~630,~~756~~758.0461 6,~~651~~634.1289 0.00 I-B4 0.00 ~~317~~315,~~378~~379.0231 4,~~072~~059.5343 0.00 I-B5 0.00 ~~190~~189,~~426~~227.4320 2,~~443~~435.5266 0.00 I-B6 0.00 ~~444~~441,~~329~~531.7050 5,~~701~~683.5522 0.00 II-B1 0.00 ~~351~~349,~~666~~800.1974 3,~~334~~323.0495 0.00 II-B2 0.00 ~~289~~288,~~596~~059.0485 2,~~745~~737.5726 0.00 II-B3 0.00 ~~206~~205,~~868~~770.1782 1,~~961~~955.2532 0.00 II-B4 0.00 ~~103~~102,~~385~~837.5917 ~~980~~977.1720 0.00 II-B5 0.00 6261,~~070~~740.1589 ~~588~~586.4669 0.00 II-B6 0.00 144,~~834~~066.6031 1,~~373~~368.1398 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 R-IV 0.00 0.00 0.6462 0.00 Totals 0.00 ~~129~~121,~~447~~558,~~910~~573.9805 58,~~660~~698,~~122~~674.3318 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-F1 79,343,315.00 6057,~~541~~754,~~707~~676.6001 ~~516~~497,~~566~~155.03 2,~~270~~985,~~465~~229.5673 0.00 0.00 I-S1 0.00 0.00 0.00 0.00 0.00 0.00 I-F2 45,111,998.00 3129,~~043~~695,~~997~~226.9750 7876,~~068~~686.4554 13,~~270~~862,~~703~~447.0251 0.00 0.00 I-S2 0.00 0.00 0.00 0.00 0.00 0.00 I-I1 0.00 0.00 0.00 0.00 0.00 0.00 I-I2 0.00 0.00 0.00 0.00 0.00 0.00 I-PO 3,302,908.53 2,~~207~~114,~~812~~219.4062 2120,~~339~~883.2480 7256,~~253~~946.5548 0.00 0.00 II-A1 41,462,000.00 3534,~~474~~916,~~949~~833.4570 ~~186~~185,~~534~~195.1499 ~~371~~174,~~581~~663.6233 0.00 0.00 I-B1 1,317,095.00 1,~~277~~269,~~505~~511.3712 7,994.2585 0.00 0.00 0.00 I-B2 987,821.00 ~~958~~952,~~128~~133.7810 5,~~995~~996.6914 0.00 0.00 0.00 I-B3 658,548.00 ~~638~~634,~~753~~756.1704 3,997.1343 0.00 0.00 0.00 I-B4 329,274.00 ~~319~~317,~~376~~378.5802 1,998.5671 0.00 0.00 0.00 I-B5 197,564.00 ~~191~~190,~~625~~426.5643 1,199.1423 0.00 0.00 0.00 I-B6 460,983.00 ~~447~~444,~~127~~329.6970 2,~~797~~798.9920 0.00 0.00 0.00 II-B1 362,600.00 ~~353~~351,~~525~~666.3419 1,~~859~~865.1445 0.00 0.00 0.00 II-B2 298,600.00 ~~291~~289,~~127~~596.04 1,~~531~~536.0019 0.00 0.00 0.00 II-B3 213,300.00 ~~207~~206,~~961~~868.8217 1,~~093~~097.6435 0.00 0.00 0.00 II-B4 106,600.00 103,~~932~~385.1659 ~~546~~548.5742 0.00 0.00 0.00 II-B5 64,000.00 62,~~398~~070.2915 ~~328~~329.1426 0.00 0.00 0.00 II-B6 149,338.00 ~~145~~144,~~600~~834.3060 ~~765~~768.6929 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 R-IV 50.00 0.00 0.00 0.00 0.00 0.00 Totals 174,366,144.53 ~~134~~129,~~265~~447,~~529~~910.5298 ~~832~~810,~~614~~050.8088 37,~~985~~079,~~003~~287.7505 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-F1 23,~~787~~482,~~031~~384.5976 5754,~~754~~272,~~676~~291.0125 0.~~72790853~~68401845 23,~~787~~482,~~031~~384.5976 I-S1 0.00 0.00 0.00000000 0.00 I-F2 13,~~348~~939,~~771~~134.4705 2925,~~695~~756,~~226~~092.5045 0.~~65825563~~57093664 13,~~348~~939,~~771~~134.4705 I-S2 0.00 0.00 0.00000000 0.00 I-I1 0.00 0.00 0.00000000 0.00 I-I2 0.00 0.00 0.00000000 0.00 I-PO 9377,~~592~~830.7828 2,~~114~~036,~~219~~389.6234 0.~~64010844~~61654427 9377,~~592~~830.7828 II-A1 ~~558~~359,~~115~~859.7632 34,~~916~~556,~~833~~974.7038 0.~~84214060~~83346135 ~~558~~359,~~115~~859.7632 I-B1 7,994.2585 1,~~269~~261,~~511~~516.1227 0.~~96387210~~95780203 7,994.2585 I-B2 5,~~995~~996.6914 ~~952~~946,~~133~~136.1096 0.~~96387210~~95780203 5,~~995~~996.6914 I-B3 3,997.1343 ~~634~~630,~~756~~758.0461 0.~~96387209~~95780203 3,997.1343 I-B4 1,998.5671 ~~317~~315,~~378~~379.0231 0.~~96387209~~95780204 1,998.5671 I-B5 1,199.1423 ~~190~~189,~~426~~227.4320 0.~~96387211~~95780203 1,199.1423 I-B6 2,~~797~~798.9920 ~~444~~441,~~329~~531.7050 0.~~96387437~~95780430 2,~~797~~798.9920 II-B1 1,~~859~~865.1445 ~~351~~349,~~666~~800.1974 0.~~96984608~~96470143 1,~~859~~865.1445 II-B2 1,~~531~~536.0019 ~~289~~288,~~596~~059.0485 0.~~96984608~~96470144 1,~~531~~536.0019 II-B3 1,~~093~~097.6435 ~~206~~205,~~868~~770.1782 0.~~96984609~~96470145 1,~~093~~097.6435 II-B4 ~~546~~548.5742 ~~103~~102,~~385~~837.5917 0.~~96984606~~96470141 ~~546~~548.5742 II-B5 ~~328~~329.1426 6261,~~070~~740.1589 0.~~96984609~~96470141 ~~328~~329.1426 II-B6 ~~765~~768.6929 144,~~834~~066.6031 0.~~96984425~~96469961 ~~765~~768.6929 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 R-IV 0.00 0.00 0.00000000 0.00 Totals 47,~~817~~889,~~618~~337.5493 ~~129~~121,~~447~~558,~~910~~573.9805 0.~~74239131~~69714550 47,~~817~~889,~~618~~337.5493

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-F1 79,343,315.00 ~~763~~727.~~03476355~~90853281 6.~~51051736~~26587167 2837.~~61571337~~62421232 0.00000000 I-S1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-F2 45,111,998.00 ~~688~~658.~~15391351~~25562636 1.~~73054738~~69991451 2885.~~16773977~~61907433 0.00000000 I-S2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-I1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-I2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-PO 3,302,908.53 ~~668~~640.~~44491149~~10843800 6.~~46074204~~32285145 2117.~~87573448~~24131307 0.00000000 II-A1 41,462,000.00 ~~855~~842.~~60150137~~14060344 4.~~49891805~~46664391 84.~~96198013~~21261227 0.00000000 I-B1 1,317,095.00 ~~969~~963.~~94170504~~87209731 6.~~06960774~~07006328 0.00000000 0.00000000 I-B2 987,821.00 ~~969~~963.~~94169996~~87209829 6.~~06961180~~07006735 0.00000000 0.00000000 I-B3 658,548.00 ~~969~~963.~~94170508~~87209437 6.~~06961072~~07006627 0.00000000 0.00000000 I-B4 329,274.00 ~~969~~963.~~94168990~~87209437 6.~~06959553~~07005108 0.00000000 0.00000000 I-B5 197,564.00 ~~969~~963.~~94168978~~87211233 6.~~06962807~~07008362 0.00000000 0.00000000 I-B6 460,983.00 ~~969~~963.~~94398926~~87437281 6.~~06961645~~07007200 0.00000000 0.00000000 II-B1 362,600.00 ~~974~~969.~~97335907~~84608384 5.~~12724766~~14464975 0.00000000 0.00000000 II-B2 298,600.00 ~~974~~969.~~97334226~~84608171 5.~~12726055~~14464166 0.00000000 0.00000000 II-B3 213,300.00 ~~974~~969.~~97337084~~84608533 5.~~12723863~~14463197 0.00000000 0.00000000 II-B4 106,600.00 ~~974~~969.~~97335835~~84606004 5.~~12729831~~14465291 0.00000000 0.00000000 II-B5 64,000.00 ~~974~~969.~~97328125~~84609375 5.~~12718750~~14468750 0.00000000 0.00000000 II-B6 149,338.00 ~~974~~969.~~97154107~~84424594 5.~~12722817~~14463834 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 R-IV 50.00 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 I-F1 0.00000000 3543.~~12623074~~89008400 ~~727~~684.~~90853281~~01844881 0.~~72790853~~68401845 3543.~~12623074~~89008400 I-S1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-F2 0.00000000 2987.~~89828715~~31898884 ~~658~~570.~~25562636~~93663752 0.~~65825563~~57093664 2987.~~89828715~~31898884 I-S2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-I1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-I2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-PO 0.00000000 2823.~~33647349~~56416452 ~~640~~616.~~10843800~~54427348 0.~~64010844~~61654427 2823.~~33647349~~56416452 II-A1 0.00000000 138.~~46089817~~67925619 ~~842~~833.~~14060344~~46134726 0.~~84214060~~83346135 138.~~46089817~~67925619 I-B1 0.00000000 6.~~06960774~~07006328 ~~963~~957.~~87209731~~80203402 0.~~96387210~~95780203 6.~~06960774~~07006328 I-B2 0.00000000 6.~~06961180~~07006735 ~~963~~957.~~87209829~~80203093 0.~~96387210~~95780203 6.~~06961180~~07006735 I-B3 0.00000000 6.~~06961072~~07006627 ~~963~~957.~~87209437~~80202810 0.~~96387209~~95780203 6.~~06961072~~07006627 I-B4 0.00000000 6.~~06959553~~07005108 ~~963~~957.~~87209437~~80204328 0.~~96387209~~95780204 6.~~06959553~~07005108 I-B5 0.00000000 6.~~06962807~~07008362 ~~963~~957.~~87211233~~80202871 0.~~96387211~~95780203 6.~~06962807~~07008362 I-B6 0.00000000 6.~~06961645~~07007200 ~~963~~957.~~87437281~~80430081 0.~~96387437~~95780430 6.~~06961645~~07007200 II-B1 0.00000000 5.~~12724766~~14464975 ~~969~~964.~~84608384~~70143409 0.~~96984608~~96470143 5.~~12724766~~14464975 II-B2 0.00000000 5.~~12726055~~14464166 ~~969~~964.~~84608171~~70144005 0.~~96984608~~96470144 5.~~12726055~~14464166 II-B3 0.00000000 5.~~12723863~~14463197 ~~969~~964.~~84608533~~70145335 0.~~96984609~~96470145 5.~~12723863~~14463197 II-B4 0.00000000 5.~~12729831~~14465291 ~~969~~964.~~84606004~~70140713 0.~~96984606~~96470141 5.~~12729831~~14465291 II-B5 0.00000000 5.~~12718750~~14468750 ~~969~~964.~~84609375~~70140625 0.~~96984609~~96470141 5.~~12718750~~14468750 II-B6 0.00000000 5.~~12722817~~14463834 ~~969~~964.~~84424594~~69960760 0.~~96984425~~96469961 5.~~12722817~~14463834 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 R-IV 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-F1 79,343,315.00 1.~~51875~~54125% 6057,~~541~~754,~~707~~676.6001 7674,~~623~~178.1066 0.00 0.00 I-S1 0.00 6.~~48125~~45875% 6057,~~541~~754,~~707~~676.6001 ~~326~~310,~~988~~852.2951 0.00 0.00 I-F2 45,111,998.00 1.~~71875~~74125% 3129,~~043~~695,~~997~~226.9750 4443,~~464~~089.0601 0.00 0.00 I-S2 0.00 5.~~78125~~75875% 3129,~~043~~695,~~997~~226.9750 ~~149~~142,~~560~~506.9315 0.00 0.00 I-I1 0.00 0.~~84806~~84992% 9793,~~625~~372,~~884~~505.0747 6866,~~993~~132.9591 0.00 0.00 I-I2 0.00 2.~~81452~~81329% 2,~~874~~856,~~387~~400.3226 6,~~741~~696.6856 0.00 0.00 I-PO 3,302,908.53 0.00000% 2,~~207~~114,~~812~~219.4062 0.00 0.00 0.00 II-A1 41,462,000.00 54.~~02047~~99077% 3534,~~474~~916,~~949~~833.4570 ~~148~~145,~~417~~218.5522 0.00 0.00 I-B1 1,317,095.00 5.00000% 1,~~277~~269,~~505~~511.3712 5,~~322~~289.9463 0.00 0.00 I-B2 987,821.00 5.00000% ~~958~~952,~~128~~133.7810 3,~~992~~967.2022 0.00 0.00 I-B3 658,548.00 5.00000% ~~638~~634,~~753~~756.1704 2,~~661~~644.4782 0.00 0.00 I-B4 329,274.00 7.~~81452~~81329% ~~319~~317,~~376~~378.5802 2,~~079~~066.8147 0.00 0.00 I-B5 197,564.00 7.~~81452~~81329% ~~191~~190,~~625~~426.5643 1,~~247~~239.88 0.00 0.00 I-B6 460,983.00 7.~~81452~~81329% ~~447~~444,~~127~~329.6970 2,~~911~~893.7406 0.00 0.00 II-B1 362,600.00 54.~~02047~~99077% ~~353~~351,~~525~~666.3419 1,~~479~~462.0557 0.00 0.00 II-B2 298,600.00 54.~~02047~~99077% ~~291~~289,~~127~~596.04 1,~~218~~204.0042 0.00 0.00 II-B3 213,300.00 54.~~02047~~99077% ~~207~~206,~~961~~868.8217 ~~870~~860.0636 0.00 0.00 II-B4 106,600.00 54.~~02047~~99077% 103,~~932~~385.1659 ~~434~~429.8298 0.00 0.00 II-B5 64,000.00 54.~~02047~~99077% 62,~~398~~070.2915 ~~261~~258.0615 0.00 0.00 II-B6 149,338.00 54.~~02047~~99077% ~~145~~144,~~600~~834.3060 ~~609~~602.1536 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 R-III 50.00 0.00000% 0.00 0.00 0.00 0.00 R-IV 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 174,366,144.53 ~~844~~811,~~877~~592.7494 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-F1 ~~215~~206.3531 0.00 7673,~~407~~972.7536 0.00 5754,~~754~~272,~~676~~291.0125 I-S1 ~~918~~864.9954 0.00 ~~326~~309,~~069~~987.3097 0.00 5754,~~754~~272,~~676~~291.0125 I-F2 ~~124~~119.9684 0.00 4442,~~339~~969.1017 0.00 2925,~~695~~756,~~226~~092.5045 I-S2 ~~420~~396.3334 0.00 ~~149~~142,~~140~~109.5982 0.00 2925,~~695~~756,~~226~~092.5045 I-I1 ~~193~~183.9093 0.00 6865,~~800~~948.0598 0.00 9385,~~372~~849,~~505~~171.4782 I-I2 18.9562 0.00 6,~~722~~677.7394 0.00 2,~~856~~838,~~400~~411.2684 I-PO 0.00 0.00 0.00 0.00 2,~~114~~036,~~219~~389.6234 II-A1 ~~417~~404.2202 0.00 ~~148~~144,~~000~~814.3321 0.00 34,~~916~~556,~~833~~974.7038 I-B1 14.9671 0.00 5,~~307~~274.9892 0.00 1,~~269~~261,~~511~~516.1227 I-B2 11.2203 0.00 3,~~980~~956.9819 0.00 ~~952~~946,~~133~~136.1096 I-B3 7.4836 0.00 2,~~653~~637.9946 0.00 ~~634~~630,~~756~~758.0461 I-B4 5.8575 0.00 2,~~073~~060.9772 0.00 ~~317~~315,~~378~~379.0231 I-B5 3.5145 0.00 1,~~244~~236.3843 0.00 ~~190~~189,~~426~~227.4320 I-B6 8.1805 0.00 2,~~903~~885.5602 0.00 ~~444~~441,~~329~~531.7050 II-B1 4.1607 0.00 1,~~474~~458.9050 0.00 ~~351~~349,~~666~~800.1974 II-B2 3.4235 0.00 1,~~214~~201.5707 0.00 ~~289~~288,~~596~~059.0485 II-B3 2.4539 0.00 ~~867~~857.6197 0.00 ~~206~~205,~~868~~770.1782 II-B4 1.2220 0.00 ~~433~~428.6078 0.00 ~~103~~102,~~385~~837.5917 II-B5 0.7372 0.00 ~~260~~257.3243 0.00 6261,~~070~~740.1589 II-B6 1.7168 0.00 ~~607~~600.4469 0.00 144,~~834~~066.6031 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 R-IV 0.00 0.00 0.6462 0.00 0.00 Totals 2,~~374~~257.5936 0.00 ~~842~~809,~~503~~336.7925 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-F1 79,343,315.00 1.~~51875~~54125% ~~763~~727.~~03476355~~90853281 0.~~96571589~~93490750 0.00000000 0.00000000 I-S1 0.00 6.~~48125~~45875% ~~763~~727.~~03476355~~90853281 43.~~12118261~~91781601 0.00000000 0.00000000 I-F2 45,111,998.00 1.~~71875~~74125% ~~688~~658.~~15391351~~25562636 0.~~98563712~~95515632 0.00000000 0.00000000 I-S2 0.00 5.~~78125~~75875% ~~688~~658.~~15391351~~25562636 3.~~31532489~~15894122 0.00000000 0.00000000 I-I1 0.00 0.~~84806~~84992% ~~741~~708.~~22123978~~92760589 0.~~52383424~~50211189 0.00000000 0.00000000 I-I2 0.00 2.~~81452~~81329% ~~969~~963.~~94170336~~87209698 2.~~27493231~~25970688 0.00000000 0.00000000 I-PO 3,302,908.53 0.00000% ~~668~~640.~~44491149~~10843800 0.00000000 0.00000000 0.00000000 II-A1 41,462,000.00 54.~~02047~~99077% ~~855~~842.~~60150137~~14060344 3.~~57960422~~50244127 0.00000000 0.00000000 I-B1 1,317,095.00 5.00000% ~~969~~963.~~94170504~~87209731 4.~~04142450~~01613399 0.00000000 0.00000000 I-B2 987,821.00 5.00000% ~~969~~963.~~94169996~~87209829 4.~~04142046~~01613248 0.00000000 0.00000000 I-B3 658,548.00 5.00000% ~~969~~963.~~94170508~~87209437 4.~~04142143~~01613854 0.00000000 0.00000000 I-B4 329,274.00 7.~~81452~~81329% ~~969~~963.~~94168990~~87209437 6.~~31635052~~27583714 0.00000000 0.00000000 I-B5 197,564.00 7.~~81452~~81329% ~~969~~963.~~94168978~~87211233 6.~~31633294~~27583973 0.00000000 0.00000000 I-B6 460,983.00 7.~~81452~~81329% ~~969~~963.~~94398926~~87437281 6.~~31637175~~27584965 0.00000000 0.00000000 II-B1 362,600.00 54.~~02047~~99077% ~~974~~969.~~97335907~~84608384 4.~~07901269~~03356315 0.00000000 0.00000000 II-B2 298,600.00 54.~~02047~~99077% ~~974~~969.~~97334226~~84608171 4.~~07903550~~03355660 0.00000000 0.00000000 II-B3 213,300.00 54.~~02047~~99077% ~~974~~969.~~97337084~~84608533 4.~~07904360~~03356774 0.00000000 0.00000000 II-B4 106,600.00 54.~~02047~~99077% ~~974~~969.~~97335835~~84606004 4.~~07898687~~03358349 0.00000000 0.00000000 II-B5 64,000.00 54.~~02047~~99077% ~~974~~969.~~97328125~~84609375 4.~~07906250~~03359375 0.00000000 0.00000000 II-B6 149,338.00 54.~~02047~~99077% ~~974~~969.~~97154107~~84424594 4.~~07900200~~03353467 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 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 I-F1 0.~~00271415~~00260022 0.00000000 0.~~96300173~~93230740 0.00000000 ~~727~~684.~~90853281~~01844881 I-S1 0.~~01158245~~01089619 0.00000000 43.~~10960016~~90691982 0.00000000 ~~727~~684.~~90853281~~01844881 I-F2 0.~~00276999~~00265650 0.00000000 0.~~98286713~~95249982 0.00000000 ~~658~~570.~~25562636~~93663752 I-S2 0.~~00931748~~00878569 0.00000000 3.~~30600720~~15015575 0.00000000 ~~658~~570.~~25562636~~93663752 I-I1 0.~~00147218~~00139648 0.00000000 0.~~52236206~~50071541 0.00000000 ~~708~~651.~~92760589~~80694830 I-I2 0.~~00639454~~00628319 0.00000000 2.~~26853777~~25342370 0.00000000 ~~963~~957.~~87209698~~80203168 I-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~640~~616.~~10843800~~54427348 II-A1 0.~~01006271~~00974434 0.00000000 3.~~56954151~~49269717 0.00000000 ~~842~~833.~~14060344~~46134726 I-B1 0.~~01135833~~01116852 0.00000000 4.~~03006617~~00496547 0.00000000 ~~963~~957.~~87209731~~80203402 I-B2 0.~~01135833~~01116599 0.00000000 4.~~03006213~~00496649 0.00000000 ~~963~~957.~~87209829~~80203093 I-B3 0.~~01135832~~01117610 0.00000000 4.~~03006311~~00496243 0.00000000 ~~963~~957.~~87209437~~80202810 I-B4 0.~~01776636~~01746266 0.00000000 6.~~29861453~~25837448 0.00000000 ~~963~~957.~~87209437~~80204328 I-B5 0.~~01776639~~01746270 0.00000000 6.~~29861716~~25837703 0.00000000 ~~963~~957.~~87211233~~80202871 I-B6 0.~~01774469~~01746268 0.00000000 6.~~29862706~~25840866 0.00000000 ~~963~~957.~~87437281~~80430081 II-B1 0.~~01147270~~01122449 0.00000000 4.~~06756757~~02233867 0.00000000 ~~969~~964.~~84608384~~70143409 II-B2 0.~~01145345~~01121902 0.00000000 4.~~06754856~~02233758 0.00000000 ~~969~~964.~~84608171~~70144005 II-B3 0.~~01148617~~01120488 0.00000000 4.~~06755743~~02236287 0.00000000 ~~969~~964.~~84608533~~70145335 II-B4 0.~~01144465~~01125704 0.00000000 4.~~06754221~~02232645 0.00000000 ~~969~~964.~~84606004~~70140713 II-B5 0.~~01140625~~01125000 0.00000000 4.~~06750000~~02234375 0.00000000 ~~969~~964.~~84609375~~70140625 II-B6 0.~~01145054~~01124965 0.00000000 4.~~06755146~~02235198 0.00000000 ~~969~~964.~~84424594~~69960760 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 R-IV 0.00000000 0.00000000 12.~~80000000~~40000000 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 58,~~601~~765,~~970~~380.6795 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~154~~124,~~062~~931.1202 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 58,~~756~~890,~~032~~311.7997 Withdrawals Reimbursement for Servicer Advances 57154,~~005~~062.4312 Payment of Service Fee 3837,~~905~~575.0367 Payment of Interest and Principal 58,~~660~~698,~~122~~674.3318 Total Withdrawals (Pool Distribution Amount) 58,~~756~~890,~~032~~311.7997 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 2,~~374~~257.5936 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 2,~~374~~257.5936

SERVICING FEES Gross Servicing Fee 3635,~~552~~307.7954 External Master Servicing Fee 1,~~233~~189.3533 Master Servicing Fee 1,~~118~~078.8980 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 3837,~~905~~575.0367

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 57 1 0 68 ~~245~~428,~~868~~158.07 42,017.25 0.00 ~~287~~470,~~885~~175.32 30 Days ~~185~~149 63 0 0 ~~191~~152 86,~~893~~205,~~280~~709.8764 ~~425~~189,~~962~~619.2078 0.00 0.00 96,~~319~~395,~~243~~329.0742 60 Days 3544 0 0 0 3544 2,~~036~~570,~~573~~849.0733 0.00 0.00 0.00 2,~~036~~570,~~573~~849.0733 90 Days 109 01 0 0 10 ~~516~~738,~~779~~417.8293 054,723.0022 0.00 0.00 ~~516~~793,~~779~~141.8215 120 Days 23 0 2 0 45 5650,~~262~~245.9265 0.00 ~~178~~110,~~640~~215.2445 0.00 ~~234~~160,~~903~~461.1610 150 Days 10 20 43 0 73 ~~19,243~~0.2700 ~~44,851~~0.6000 97171,~~731~~676.9353 0.00 ~~161~~171,~~826~~676.8053 180+ Days 21 24 37 0 712 ~~104~~89,~~791~~862.3576 ~~160~~205,~~274~~125.0262 ~~126~~224,~~581~~313.9588 0.00 ~~391~~519,~~647~~302.3226 Totals ~~235~~206 15 1013 0 ~~260~~234 119,~~626~~655,~~931~~085.3031 ~~876~~877,~~955~~626.8969 ~~444~~548,~~971~~223.3711 0.00 1211,~~948~~080,~~858~~935.5611 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.~~176554~~257069% 0.~~035311~~036724% 0.000000% 0.~~211864~~293794% 0.~~188835~~350216% 0.~~032271~~034368% 0.000000% 0.~~221105~~384584% 30 Days 65.~~532486~~471906% 0.~~211864~~110173% 0.000000% 0.000000% 65.~~744350~~582079% 65.~~830330~~076018% 0.~~327153~~155101% 0.000000% 0.000000% 75.~~157483~~231120% 60 Days 1.~~235876~~615865% 0.000000% 0.000000% 0.000000% 1.~~235876~~615865% 12.~~564155~~102850% 0.000000% 0.000000% 0.000000% 12.~~564155~~102850% 90 Days 0.~~353107~~330518% 0.~~000000~~036724% 0.000000% 0.000000% 0.~~353107~~367242% 0.~~396904~~603996% 0.~~000000~~044761% 0.000000% 0.000000% 0.~~396904~~648757% 120 Days 0.~~070621~~110173% 0.000000% 0.~~070621~~073448% 0.000000% 0.~~141243~~183621% 0.~~043212~~041099% 0.000000% 0.~~137202~~090152% 0.000000% 0.~~180413~~131251% 150 Days 0.~~035311~~000000% 0.~~070621~~000000% 0.~~141243~~110173% 0.000000% 0.~~247175~~110173% 0.~~014779~~000000% 0.~~034447~~000000% 0.~~075061~~140424% 0.000000% 0.~~124288~~140424% 180+ Days 0.~~070621~~036724% 0.~~070621~~146897% 0.~~105932~~257069% 0.000000% 0.~~247175~~440690% 0.~~080483~~073504% 0.~~123096~~167784% 0.~~097219~~183480% 0.000000% 0.~~300798~~424768% Totals 87.~~298023~~565185% 0.~~529661~~550863% 0.~~353107~~477415% 0.000000% 98.~~180791~~593463% 87.~~929863~~897468% 0.~~673531~~717863% 0.~~341753~~448424% 0.000000% 9.~~945146~~063755%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 56 0 0 56 ~~245~~345,~~868~~815.0760 0.00 0.00 ~~245~~345,~~868~~815.0760 30 Days ~~151~~120 42 0 0 ~~155~~122 53,~~072~~769,~~565~~154.5459 ~~186~~34,~~952~~209.1768 0.00 0.00 53,~~259~~803,~~517~~364.7127 60 Days 2233 0 0 0 2233 ~~544~~816,~~324~~473.1835 0.00 0.00 0.00 ~~544~~816,~~324~~473.1835 90 Days 54 0 0 0 54 ~~136~~167,~~340~~771.6965 0.00 0.00 0.00 ~~136~~167,~~340~~771.6965 120 Days 2 0 2 0 4 5626,~~262~~619.9280 0.00 ~~178~~110,~~640~~215.2445 0.00 ~~234~~136,~~903~~835.1625 150 Days 10 10 43 0 63 ~~19,243~~0.2700 ~~13,705~~0.7700 97171,~~731~~676.9353 0.00 ~~130~~171,~~680~~676.9753 180 Days 21 2 3 7 0 711 ~~104~~89,~~791~~862.3576 ~~160~~173,~~274~~979.0279 ~~126~~224,~~581~~313.9588 0.00 ~~391~~488,~~647~~156.3243 Totals ~~183~~160 11 12 9 0 ~~204~~183 54,~~933~~869,~~527~~882.9515 ~~606~~554,~~800~~005.0307 ~~402~~506,~~954~~205.1286 0.00 65,~~943~~930,~~282~~093.1008 0-29 Days 0.~~242718~~304260% 0.000000% 0.000000% 0.~~242718~~304260% 0.~~396556~~591936% 0.000000% 0.000000% 0.~~396556~~591936% 30 Days 76.~~330097~~085193% 0.~~194175~~101420% 0.000000% 0.000000% 76.~~524272~~186613% 86.~~181449~~451701% 0.~~301532~~058557% 0.000000% 0.000000% 86.~~482981~~510259% 60 Days 1.~~067961~~673428% 0.000000% 0.000000% 0.000000% 1.~~067961~~673428% 01.~~877931~~397566% 0.000000% 0.000000% 0.000000% 01.~~877931~~397566% 90 Days 0.~~242718~~202840% 0.000000% 0.000000% 0.000000% 0.~~242718~~202840% 0.~~219901~~287176% 0.000000% 0.000000% 0.000000% 0.~~219901~~287176% 120 Days 0.~~097087~~101420% 0.000000% 0.~~097087~~101420% 0.000000% 0.~~194175~~202840% 0.~~090745~~045565% 0.000000% 0.~~288126~~188657% 0.000000% 0.~~378871~~234222% 150 Days 0.~~048544~~000000% 0.~~048544~~000000% 0.~~194175~~152130% 0.000000% 0.~~291262~~152130% 0.~~031037~~000000% 0.~~022106~~000000% 0.~~157630~~293861% 0.000000% 0.~~210773~~293861% 180 Days 0.~~097087~~050710% 0.~~097087~~152130% 0.~~145631~~354970% 0.000000% 0.~~339806~~557809% 0.~~169016~~153819% 0.~~258503~~297803% 0.~~204162~~383960% 0.000000% 0.~~631681~~835582% Totals 8.~~883495~~113590% 0.~~582524~~557809% 0.~~436893~~608519% 0.000000% 9.~~902913~~279919% 98.~~570080~~335828% 0.~~978697~~948296% 0.~~649917~~866478% 0.000000% 1110.~~198694~~150603% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 103 1 0 0 114 2621,~~432,798~~942.4520 155,~~586~~410.9210 0.00 0.00 2777,~~588,385~~352.3730 60 Days 4 0 0 0 4 ~~840~~1,~~703~~282,923.1216 0.00 0.00 0.00 ~~840~~1,~~703~~282,923.1216 90 Days 12 0 0 0 12 ~~149~~479,~~973~~093.2869 0.00 0.00 0.00 ~~149~~479,~~973~~093.2869 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 159 1 0 0 1610 32,~~423~~383,~~474~~959.8505 155,~~586~~410.9210 0.00 0.00 32,~~579~~539,~~061~~369.7715 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 72.~~692308~~631579% 0.~~769231~~877193% 0.000000% 0.000000% 83.~~461538~~508772% 72.~~612049~~224368% 0.~~486820~~555822% 0.000000% 0.000000% 82.~~098869~~780190% 60 Days 3.~~076923~~508772% 0.000000% 0.000000% 0.000000% 3.~~076923~~508772% 24.~~630499~~588358% 0.000000% 0.000000% 0.000000% 24.~~630499~~588358% 90 Days 01.~~769231~~754386% 0.000000% 0.000000% 0.000000% 01.~~769231~~754386% 01.~~469255~~713472% 0.000000% 0.000000% 0.000000% 01.~~469255~~713472% 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 117.~~538462~~894737% 0.~~769231~~877193% 0.000000% 0.000000% 128.~~307692~~771930% 108.~~711804~~526199% 0.~~486820~~555822% 0.000000% 0.000000% 119.~~198624~~082021% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 01 1 0 12 082,342.0047 42,017.25 0.00 42124,~~017~~359.2572 30 Days 2426 10 0 0 2526 1,~~387~~814,~~916~~612.8885 ~~83,423~~0.1100 0.00 0.00 1,~~471~~814,~~339~~612.9985 60 Days 97 0 0 0 97 ~~651~~471,~~545~~452.7782 0.00 0.00 0.00 ~~651~~471,~~545~~452.7782 90 Days 43 01 0 0 4 ~~230~~91,~~465~~552.8559 054,723.0022 0.00 0.00 ~~230~~146,~~465~~275.8581 120 Days 01 0 0 0 01 023,625.0085 0.00 0.00 0.00 023,625.0085 150 Days 0 10 0 0 10 0.00 ~~31,145~~0.8300 0.00 0.00 ~~31,145~~0.8300 180 Days 0 01 0 0 01 0.00 031,145.0083 0.00 0.00 031,145.0083 Totals 37 23 1 0 4041 2,~~269~~401,~~928~~244.5011 ~~114~~168,~~568~~211.9452 42,017.25 0.00 2,~~426~~611,~~514~~472.6988 0-29 Days 0.~~000000~~156986% 0.~~155763~~156986% 0.000000% 0.~~155763~~313972% 0.~~000000~~229533% 0.~~115935~~117125% 0.000000% 0.~~115935~~346657% 30 Days 34.~~738318~~081633% 0.~~155763~~000000% 0.000000% 0.000000% 34.~~894081~~081633% 35.~~829566~~058300% 0.~~230183~~000000% 0.000000% 0.000000% 45.~~059749~~058300% 60 Days 1.~~401869~~098901% 0.000000% 0.000000% 0.000000% 1.~~401869~~098901% 1.~~797757~~314192% 0.000000% 0.000000% 0.000000% 1.~~797757~~314192% 90 Days 0.~~623053~~470958% 0.~~000000~~156986% 0.000000% 0.000000% 0.~~623053~~627943% 0.~~635906~~255206% 0.~~000000~~152543% 0.000000% 0.000000% 0.~~635906~~407749% 120 Days 0.~~000000~~156986% 0.000000% 0.000000% 0.000000% 0.~~000000~~156986% 0.~~000000~~065858% 0.000000% 0.000000% 0.000000% 0.~~000000~~065858% 150 Days 0.000000% 0.~~155763~~000000% 0.000000% 0.000000% 0.~~155763~~000000% 0.000000% 0.~~085938~~000000% 0.000000% 0.000000% 0.~~085938~~000000% 180 Days 0.000000% 0.~~000000~~156986% 0.000000% 0.000000% 0.~~000000~~156986% 0.000000% 0.~~000000~~086820% 0.000000% 0.000000% 0.~~000000~~086820% Totals 5.~~763240~~808477% 0.~~311526~~470958% 0.~~155763~~156986% 0.000000% 6.~~230530~~436421% 6.~~263229~~693556% 0.~~316121~~468896% 0.~~115935~~117125% 0.000000% 67.~~695285~~279576%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~154~~124,~~062~~931.1202

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.~~897325~~869734% Weighted Average Pass-Through Rate 7.~~549611~~521402% Weighted Average Maturity(Stepdown Calculation ) ~~185~~184 Beginning Scheduled Collateral Loan Count 2,~~912~~832 Number Of Loans Paid In Full 80109 Ending Scheduled Collateral Loan Count 2,~~832~~723 Beginning Scheduled Collateral Balance ~~134~~129,~~265~~447,~~528~~909.4792 Ending Scheduled Collateral Balance ~~129~~121,~~447~~558,~~909~~571.9299 Ending Actual Collateral Balance at 3031-~~Nov~~Dec-2003 ~~130~~122,~~202~~255,~~799~~461.6500 Monthly P &I Constant 1,~~716~~658,~~230~~984.2572 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 58,~~422~~492,~~115~~221.5986 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~129~~121,~~447~~558,~~909~~571.9299 Scheduled Principal ~~832~~810,~~614~~050.8088 Unscheduled Principal 37,~~985~~079,~~003~~287.7505

Miscellaneous Reporting Average Loss Severity Group I-1 0.00 Average Loss Severity Group I-2 0.00 Average Loss Severity Group II 0.00 Group 1 Senior Prepayment Percentage 100.000000% Group 2 Senior Prepayment Percentage 100.000000% Group 3 Senior Prepayment Percentage 100.000000% Group 1 Senior Percentage 96.~~195234~~068289% Group 2 Senior Percentage 95.~~649020~~471012% Group 3 Senior Percentage 96.~~821217~~788475% Group 1 Subordinate Percentage 3.~~804766~~931711% Group 2 Subordinate Percentage 4.~~350980~~528988% Group 3 Subordinate Percentage 3.~~178783~~211525% Group 1 Sub Prepayment Percentage 0.000000% Group 2 Sub Prepayment Percentage 0.000000% Group 3 Sub Prepayment Percentage 0.000000%

Group Level Collateral Statement Group Group I-1 Group I-2 Group II Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 9.~~135784~~139819 8.~~214780~~209062 5.~~433914~~404758 Weighted Average Net Rate 8.~~823738~~827149 7.~~921244~~916464 5.~~051391~~021838 Weighted Average Maturity ~~170~~169 ~~238~~237 ~~153~~152 Beginning Loan Count 2,~~127~~060 ~~135~~130 ~~650~~642 Loans Paid In Full 6788 16 5 8 Ending Loan Count 21,~~060~~972 ~~130~~114 ~~642~~637 Beginning Scheduled Balance 6461,~~350~~499,~~050~~476.8936 3331,~~275~~873,~~833~~029.1811 36,~~639~~075,~~644~~404.4045 Ending scheduled Balance 6157,~~499~~963,~~476~~285.3642 3127,~~873~~885,~~029~~886.1140 3635,~~075~~709,~~404~~400.4517 Record Date 1112/3031/2003 1112/3031/2003 1112/3031/2003 Principal And Interest Constant 1,~~043~~002,~~922~~505.3942 ~~313~~302,~~735~~656.6200 ~~358~~353,~~572~~823.2430 Scheduled Principal ~~554~~534,~~015~~093.5766 8584,~~940~~616.9027 ~~192~~191,~~658~~340.3395 Unscheduled Principal 23,~~296~~002,~~558~~097.9628 13,~~316~~902,~~863~~526.1744 ~~371~~174,~~581~~663.6233 Scheduled Interest ~~489~~468,~~906~~411.8276 ~~227~~218,~~794~~039.7273 ~~165~~162,~~913~~482.9135 Servicing Fees 16,~~733~~024.4723 87,~~139~~771.7265 11,~~679~~511.6066 Master Servicing Fees ~~536~~512.2549 ~~277~~265.3262 ~~305~~300.3269 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 ~~266~~245.1170 ~~328~~310.5934 ~~638~~633.6529 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 ~~472~~451,~~370~~629.9934 ~~219~~209,~~049~~692.0912 ~~153~~150,~~290~~036.3471 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 8.~~808776~~812355 7.~~899395~~894779 54.~~020474~~990769

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 7.~~897325~~869734 Weighted Average Net Rate 7.~~570634~~542428 Weighted Average Maturity ~~185~~184 Beginning Loan Count 2,~~912~~832 Loans Paid In Full 80109 Ending Loan Count 2,~~832~~723 Beginning Scheduled Balance ~~134~~129,~~265~~447,~~528~~909.4792 Ending scheduled Balance ~~129~~121,~~447~~558,~~909~~571.9299 Record Date 1112/3031/2003 Principal And Interest Constant 1,~~716~~658,~~230~~984.2572 Scheduled Principal ~~832~~810,~~614~~050.8088 Unscheduled Principal 37,~~985~~079,~~003~~287.7505 Scheduled Interest ~~883~~848,~~615~~933.4584 Servicing Fees 3635,~~552~~307.7954 Master Servicing Fees 1,~~118~~078.8980 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 1,~~233~~189.3533 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest ~~844~~811,~~710~~358.4217 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.~~549611~~521402

Filing Compare · STRUCTURED ASSET MORT INVEST INC MORT PAS THR CERT SE 03 CL1