8-K 1 mo727536-8k.txt 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 30, 2003 ------------------------------- MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. (as depositor under the Pooling and Servicing Agreement, relating to the MASTR Alternative Loan Trust 2003-5 Mortgage Pass-Through Certificates, Series 2003-5) MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-101254-12 06-1204982 -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 1285 Avenue of the Americas, New York, New York 10019 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 713-2000 ---------------------------- ------------------------------------------------------------------------------ (Former name or former address, if changed since last report) ITEM 5. Other Events On July 30, 2003 (the "Closing Date"), Mortgage Asset Securitization Transactions, Inc. (the "Company") issued the Company's MASTR Alternative Loan Trust 2003-5 Mortgage Pass-Through Certificates, Series 2003-5, Class 1-A-1, Class 2-A-1, Class 3-A-1, Class 4-A-1, Class 5-A-1, Class 6-A-1, Class 7-A-1, Class 8-A-1, Class 15-A-X, Class 15-PO, Class 30-A-X, Class 30-PO, Class A-R, Class 15-B-1, Class 15-B-2, Class 15-B-3, Class 30-B-1, Class 30-B-2 and Class 30-B-3 certificates (the "Offered Certificates"), having an aggregate original principal balance of $1,046,758,971. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated as of July 1, 2003, among the Company, as depositor, Wells Fargo Bank Minnesota, N.A., as master servicer, U.S. Bank National Association, as custodian, JPMorgan Chase Bank, as trustee and UBS Warburg Real Estate Securities Inc., as transferor. The Offered Certificates, together with the Company's MASTR Alternative Loan Trust 2003-5 Mortgage Pass-Through Certificates, Series 2003-5, Class 15-B-4, Class 15-B-5, Class 15-B-6, Class 30-B-4, Class 30-B-5 and Class 30-B-6 certificates represent, in the aggregate, the entire beneficial ownership interest in a separate trust fund, the property of which is, as of the Closing Date, primarily comprised of a pool of closed-end, fixed-rate loans which are secured by first lien mortgages or deeds of trust on residential one- to four-family properties. -2- ITEM 7. Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- 4 Pooling and Servicing Agreement, dated as of July 1, 2003, among Mortgage Asset Securitization Transactions, Inc., Wells Fargo Bank Minnesota, N.A., U.S. Bank National Association, JPMorgan Chase Bank and UBS Warburg Real Estate Securities Inc. -3- 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. MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. September 10, 2003 By: /s/ Glenn McIntyre ------------------------------------------ Name: Glenn McIntyre Title: Associate Director By: /s/ Steve Warjanka ------------------------------------------ Name: Steve Warjanka Title: Associate Director -4- INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- 4 Pooling and Servicing Agreement, E dated as of July 1, 2003, among Mortgage Asset Securitization Transactions, Inc., Wells Fargo Bank Minnesota, N.A., U.S. Bank National Association, JPMorgan Chase Bank and UBS Warburg Real Estate Securities Inc. -5-

MASTR Alternative Loan Trust Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 MAL Series: 2003-5 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 1-A1 576434FC3 SEN 6.50000% 93,101,000.00 504,297.08 1,934,936.38 2-A1 576434FD1 SEN 6.50000% 54,701,000.00 296,297.08 699,809.02 3-A1 576434FE9 SEN 6.00000% 111,531,000.00 557,655.00 1,583,137.81 4-A1 576434FF6 SEN 5.50000% 315,640,000.00 1,446,683.33 4,890,884.30 5-A1 576434FG4 SEN 5.00000% 124,230,000.00 517,625.00 1,619,688.24 6-A1 576434FH2 SEN 6.00000% 130,362,000.00 651,810.00 5,439,076.62 7-A1 576434FJ8 SEN 5.00000% 128,550,000.00 535,625.00 1,516,542.43 8-A1 576434FK5 SEN 5.50000% 32,766,000.00 150,177.50 801,261.44 15-PO 576434FL3 SEN 0.00000% 1,821,350.68 0.00 8,673.53 30-PO 576434FM1 SEN 0.00000% 3,037,521.70 0.00 35,804.87 15-AX 576434FN9 SEN 5.00000% 0.00 99,776.51 0.00 30-AX 576434FP4 SEN 6.50000% 0.00 263,477.66 0.00 15-B1 576434FR0 SUB 5.00000% 5,414,000.00 22,558.33 19,675.37 15-B2 576434FS8 SUB 5.00000% 1,453,000.00 6,054.17 5,280.44 15-B3 576434FT6 SUB 5.00000% 1,188,000.00 4,950.00 4,317.39 15-B4 576434FX7 SUB 5.00000% 396,000.00 1,650.00 1,439.13 15-B5 576434FY5 SUB 5.00000% 528,000.00 2,200.00 1,918.84 15-B6 576434FZ2 SUB 5.00000% 529,297.00 2,205.40 1,923.55 30-B1 576434FU3 SUB 5.86503% 25,062,000.00 122,491.19 23,330.30 30-B2 576434FV1 SUB 5.86503% 10,741,000.00 52,496.92 9,998.83 30-B3 576434FW9 SUB 5.86503% 7,161,000.00 34,999.58 6,666.20 30-B4 576434GA6 SUB 5.86503% 4,376,000.00 21,387.82 4,073.63 30-B5 576434GB4 SUB 5.86503% 3,580,000.00 17,497.34 3,332.63 30-B6 576434GC2 SUB 5.86503% 3,581,380.00 17,504.09 3,333.92 A-R 576434FQ2 SEN 5.50000% 100.00 0.46 100.00 Totals 1,059,749,649.38 5,329,419.46 18,615,204.87

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 91,166,063.62 2,439,233.46 0.00 2-A1 0.00 54,001,190.98 996,106.10 0.00 3-A1 0.00 109,947,862.19 2,140,792.81 0.00 4-A1 0.00 310,749,115.70 6,337,567.63 0.00 5-A1 0.00 122,610,311.76 2,137,313.24 0.00 6-A1 0.00 124,922,923.38 6,090,886.62 0.00 7-A1 0.00 127,033,457.57 2,052,167.43 0.00 8-A1 0.00 31,964,738.56 951,438.94 0.00 15-PO 0.00 1,812,677.15 8,673.53 0.00 30-PO 0.00 3,001,716.83 35,804.87 0.00 15-AX 0.00 0.00 99,776.51 0.00 30-AX 0.00 0.00 263,477.66 0.00 15-B1 0.00 5,394,324.63 42,233.70 0.00 15-B2 0.00 1,447,719.56 11,334.61 0.00 15-B3 0.00 1,183,682.61 9,267.39 0.00 15-B4 0.00 394,560.87 3,089.13 0.00 15-B5 0.00 526,081.16 4,118.84 0.00 15-B6 0.00 527,373.45 4,128.95 0.00 30-B1 0.00 25,038,669.70 145,821.49 0.00 30-B2 0.00 10,731,001.17 62,495.75 0.00 30-B3 0.00 7,154,333.80 41,665.78 0.00 30-B4 0.00 4,371,926.37 25,461.45 0.00 30-B5 0.00 3,576,667.37 20,829.97 0.00 30-B6 0.00 3,578,046.08 20,838.01 0.00 A-R 0.00 0.00 100.46 0.00 Totals 0.00 1,041,134,444.51 23,944,624.33 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) 1-A1 93,101,000.00 93,101,000.00 71,371.63 1,863,564.75 0.00 0.00 2-A1 54,701,000.00 54,701,000.00 45,672.07 654,136.95 0.00 0.00 3-A1 111,531,000.00 111,531,000.00 100,454.26 1,482,683.55 0.00 0.00 4-A1 315,640,000.00 315,640,000.00 319,536.05 4,571,348.25 0.00 0.00 5-A1 124,230,000.00 124,230,000.00 446,332.15 1,173,356.10 0.00 0.00 6-A1 130,362,000.00 130,362,000.00 117,101.40 5,321,975.22 0.00 0.00 7-A1 128,550,000.00 128,550,000.00 472,307.66 1,044,234.77 0.00 0.00 8-A1 32,766,000.00 32,766,000.00 33,086.88 768,174.56 0.00 0.00 15-PO 1,821,350.68 1,821,350.68 6,996.33 1,677.20 0.00 0.00 30-PO 3,037,521.70 3,037,521.70 3,110.40 32,694.47 0.00 0.00 15-AX 0.00 0.00 0.00 0.00 0.00 0.00 30-AX 0.00 0.00 0.00 0.00 0.00 0.00 15-B1 5,414,000.00 5,414,000.00 19,675.37 0.00 0.00 0.00 15-B2 1,453,000.00 1,453,000.00 5,280.44 0.00 0.00 0.00 15-B3 1,188,000.00 1,188,000.00 4,317.39 0.00 0.00 0.00 15-B4 396,000.00 396,000.00 1,439.13 0.00 0.00 0.00 15-B5 528,000.00 528,000.00 1,918.84 0.00 0.00 0.00 15-B6 529,297.00 529,297.00 1,923.55 0.00 0.00 0.00 30-B1 25,062,000.00 25,062,000.00 23,330.30 0.00 0.00 0.00 30-B2 10,741,000.00 10,741,000.00 9,998.83 0.00 0.00 0.00 30-B3 7,161,000.00 7,161,000.00 6,666.20 0.00 0.00 0.00 30-B4 4,376,000.00 4,376,000.00 4,073.63 0.00 0.00 0.00 30-B5 3,580,000.00 3,580,000.00 3,332.63 0.00 0.00 0.00 30-B6 3,581,380.00 3,581,380.00 3,333.92 0.00 0.00 0.00 A-R 100.00 100.00 6.53 93.47 0.00 0.00 Totals 1,059,749,649.38 1,059,749,649.38 1,701,265.59 16,913,939.29 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 1-A1 1,934,936.38 91,166,063.62 0.97921680 1,934,936.38 2-A1 699,809.02 54,001,190.98 0.98720665 699,809.02 3-A1 1,583,137.81 109,947,862.19 0.98580540 1,583,137.81 4-A1 4,890,884.30 310,749,115.70 0.98450487 4,890,884.30 5-A1 1,619,688.24 122,610,311.76 0.98696218 1,619,688.24 6-A1 5,439,076.62 124,922,923.38 0.95827713 5,439,076.62 7-A1 1,516,542.43 127,033,457.57 0.98820270 1,516,542.43 8-A1 801,261.44 31,964,738.56 0.97554595 801,261.44 15-PO 8,673.53 1,812,677.15 0.99523786 8,673.53 30-PO 35,804.87 3,001,716.83 0.98821247 35,804.87 15-AX 0.00 0.00 0.00000000 0.00 30-AX 0.00 0.00 0.00000000 0.00 15-B1 19,675.37 5,394,324.63 0.99636583 19,675.37 15-B2 5,280.44 1,447,719.56 0.99636584 5,280.44 15-B3 4,317.39 1,183,682.61 0.99636583 4,317.39 15-B4 1,439.13 394,560.87 0.99636583 1,439.13 15-B5 1,918.84 526,081.16 0.99636583 1,918.84 15-B6 1,923.55 527,373.45 0.99636584 1,923.55 30-B1 23,330.30 25,038,669.70 0.99906910 23,330.30 30-B2 9,998.83 10,731,001.17 0.99906910 9,998.83 30-B3 6,666.20 7,154,333.80 0.99906910 6,666.20 30-B4 4,073.63 4,371,926.37 0.99906910 4,073.63 30-B5 3,332.63 3,576,667.37 0.99906910 3,332.63 30-B6 3,333.92 3,578,046.08 0.99906910 3,333.92 A-R 100.00 0.00 0.00000000 100.00 Totals 18,615,204.87 1,041,134,444.51 0.98243434 18,615,204.87

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 93,101,000.00 1000.00000000 0.76660433 20.01659220 0.00000000 2-A1 54,701,000.00 1000.00000000 0.83494031 11.95840935 0.00000000 3-A1 111,531,000.00 1000.00000000 0.90068465 13.29391425 0.00000000 4-A1 315,640,000.00 1000.00000000 1.01234333 14.48279131 0.00000000 5-A1 124,230,000.00 1000.00000000 3.59278878 9.44503019 0.00000000 6-A1 130,362,000.00 1000.00000000 0.89827864 40.82459014 0.00000000 7-A1 128,550,000.00 1000.00000000 3.67411637 8.12317985 0.00000000 8-A1 32,766,000.00 1000.00000000 1.00979308 23.44425807 0.00000000 15-PO 1,821,350.68 1000.00000000 3.84128662 0.92085507 0.00000000 30-PO 3,037,521.70 1000.00000000 1.02399268 10.76353463 0.00000000 15-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 30-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 15-B1 5,414,000.00 1000.00000000 3.63416513 0.00000000 0.00000000 15-B2 1,453,000.00 1000.00000000 3.63416380 0.00000000 0.00000000 15-B3 1,188,000.00 1000.00000000 3.63416667 0.00000000 0.00000000 15-B4 396,000.00 1000.00000000 3.63416667 0.00000000 0.00000000 15-B5 528,000.00 1000.00000000 3.63416667 0.00000000 0.00000000 15-B6 529,297.00 1000.00000000 3.63416003 0.00000000 0.00000000 30-B1 25,062,000.00 1000.00000000 0.93090336 0.00000000 0.00000000 30-B2 10,741,000.00 1000.00000000 0.93090308 0.00000000 0.00000000 30-B3 7,161,000.00 1000.00000000 0.93090351 0.00000000 0.00000000 30-B4 4,376,000.00 1000.00000000 0.93090265 0.00000000 0.00000000 30-B5 3,580,000.00 1000.00000000 0.93090223 0.00000000 0.00000000 30-B6 3,581,380.00 1000.00000000 0.93090373 0.00000000 0.00000000 A-R 100.00 1000.00000000 65.30000000 934.70000000 0.00000000 (2) All classes are per $1000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A1 0.00000000 20.78319653 979.21680347 0.97921680 20.78319653 2-A1 0.00000000 12.79334966 987.20665034 0.98720665 12.79334966 3-A1 0.00000000 14.19459890 985.80540110 0.98580540 14.19459890 4-A1 0.00000000 15.49513465 984.50486535 0.98450487 15.49513465 5-A1 0.00000000 13.03781888 986.96218112 0.98696218 13.03781888 6-A1 0.00000000 41.72286878 958.27713122 0.95827713 41.72286878 7-A1 0.00000000 11.79729623 988.20270377 0.98820270 11.79729623 8-A1 0.00000000 24.45405115 975.54594885 0.97554595 24.45405115 15-PO 0.00000000 4.76214169 995.23785831 0.99523786 4.76214169 30-PO 0.00000000 11.78752731 988.21247269 0.98821247 11.78752731 15-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 30-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 15-B1 0.00000000 3.63416513 996.36583487 0.99636583 3.63416513 15-B2 0.00000000 3.63416380 996.36583620 0.99636584 3.63416380 15-B3 0.00000000 3.63416667 996.36583333 0.99636583 3.63416667 15-B4 0.00000000 3.63416667 996.36583333 0.99636583 3.63416667 15-B5 0.00000000 3.63416667 996.36583333 0.99636583 3.63416667 15-B6 0.00000000 3.63416003 996.36583997 0.99636584 3.63416003 30-B1 0.00000000 0.93090336 999.06909664 0.99906910 0.93090336 30-B2 0.00000000 0.93090308 999.06909692 0.99906910 0.93090308 30-B3 0.00000000 0.93090351 999.06909649 0.99906910 0.93090351 30-B4 0.00000000 0.93090265 999.06909735 0.99906910 0.93090265 30-B5 0.00000000 0.93090223 999.06909777 0.99906910 0.93090223 30-B6 0.00000000 0.93090373 999.06909627 0.99906910 0.93090373 A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 (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 1-A1 93,101,000.00 6.50000% 93,101,000.00 504,297.08 0.00 0.00 2-A1 54,701,000.00 6.50000% 54,701,000.00 296,297.08 0.00 0.00 3-A1 111,531,000.00 6.00000% 111,531,000.00 557,655.00 0.00 0.00 4-A1 315,640,000.00 5.50000% 315,640,000.00 1,446,683.33 0.00 0.00 5-A1 124,230,000.00 5.00000% 124,230,000.00 517,625.00 0.00 0.00 6-A1 130,362,000.00 6.00000% 130,362,000.00 651,810.00 0.00 0.00 7-A1 128,550,000.00 5.00000% 128,550,000.00 535,625.00 0.00 0.00 8-A1 32,766,000.00 5.50000% 32,766,000.00 150,177.50 0.00 0.00 15-PO 1,821,350.68 0.00000% 1,821,350.68 0.00 0.00 0.00 30-PO 3,037,521.70 0.00000% 3,037,521.70 0.00 0.00 0.00 15-AX 0.00 5.00000% 23,946,361.80 99,776.51 0.00 0.00 30-AX 0.00 6.50000% 48,642,029.46 263,477.66 0.00 0.00 15-B1 5,414,000.00 5.00000% 5,414,000.00 22,558.33 0.00 0.00 15-B2 1,453,000.00 5.00000% 1,453,000.00 6,054.17 0.00 0.00 15-B3 1,188,000.00 5.00000% 1,188,000.00 4,950.00 0.00 0.00 15-B4 396,000.00 5.00000% 396,000.00 1,650.00 0.00 0.00 15-B5 528,000.00 5.00000% 528,000.00 2,200.00 0.00 0.00 15-B6 529,297.00 5.00000% 529,297.00 2,205.40 0.00 0.00 30-B1 25,062,000.00 5.86503% 25,062,000.00 122,491.19 0.00 0.00 30-B2 10,741,000.00 5.86503% 10,741,000.00 52,496.92 0.00 0.00 30-B3 7,161,000.00 5.86503% 7,161,000.00 34,999.58 0.00 0.00 30-B4 4,376,000.00 5.86503% 4,376,000.00 21,387.82 0.00 0.00 30-B5 3,580,000.00 5.86503% 3,580,000.00 17,497.34 0.00 0.00 30-B6 3,581,380.00 5.86503% 3,581,380.00 17,504.09 0.00 0.00 A-R 100.00 5.50000% 100.00 0.46 0.00 0.00 Totals 1,059,749,649.38 5,329,419.46 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 1-A1 0.00 0.00 504,297.08 0.00 91,166,063.62 2-A1 0.00 0.00 296,297.08 0.00 54,001,190.98 3-A1 0.00 0.00 557,655.00 0.00 109,947,862.19 4-A1 0.00 0.00 1,446,683.33 0.00 310,749,115.70 5-A1 0.00 0.00 517,625.00 0.00 122,610,311.76 6-A1 0.00 0.00 651,810.00 0.00 124,922,923.38 7-A1 0.00 0.00 535,625.00 0.00 127,033,457.57 8-A1 0.00 0.00 150,177.50 0.00 31,964,738.56 15-PO 0.00 0.00 0.00 0.00 1,812,677.15 30-PO 0.00 0.00 0.00 0.00 3,001,716.83 15-AX 0.00 0.00 99,776.51 0.00 23,621,878.39 30-AX 0.00 0.00 263,477.66 0.00 47,554,352.72 15-B1 0.00 0.00 22,558.33 0.00 5,394,324.63 15-B2 0.00 0.00 6,054.17 0.00 1,447,719.56 15-B3 0.00 0.00 4,950.00 0.00 1,183,682.61 15-B4 0.00 0.00 1,650.00 0.00 394,560.87 15-B5 0.00 0.00 2,200.00 0.00 526,081.16 15-B6 0.00 0.00 2,205.40 0.00 527,373.45 30-B1 0.00 0.00 122,491.19 0.00 25,038,669.70 30-B2 0.00 0.00 52,496.92 0.00 10,731,001.17 30-B3 0.00 0.00 34,999.58 0.00 7,154,333.80 30-B4 0.00 0.00 21,387.82 0.00 4,371,926.37 30-B5 0.00 0.00 17,497.34 0.00 3,576,667.37 30-B6 0.00 0.00 17,504.09 0.00 3,578,046.08 A-R 0.00 0.00 0.46 0.00 0.00 Totals 0.00 0.00 5,329,419.46 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 1-A1 93,101,000.00 6.50000% 1000.00000000 5.41666663 0.00000000 0.00000000 2-A1 54,701,000.00 6.50000% 1000.00000000 5.41666661 0.00000000 0.00000000 3-A1 111,531,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 4-A1 315,640,000.00 5.50000% 1000.00000000 4.58333332 0.00000000 0.00000000 5-A1 124,230,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 6-A1 130,362,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 7-A1 128,550,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 8-A1 32,766,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 15-PO 1,821,350.68 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 30-PO 3,037,521.70 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 15-AX 0.00 5.00000% 1000.00000000 4.16666677 0.00000000 0.00000000 30-AX 0.00 6.50000% 1000.00000000 5.41666668 0.00000000 0.00000000 15-B1 5,414,000.00 5.00000% 1000.00000000 4.16666605 0.00000000 0.00000000 15-B2 1,453,000.00 5.00000% 1000.00000000 4.16666896 0.00000000 0.00000000 15-B3 1,188,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 15-B4 396,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 15-B5 528,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 15-B6 529,297.00 5.00000% 1000.00000000 4.16665879 0.00000000 0.00000000 30-B1 25,062,000.00 5.86503% 1000.00000000 4.88752653 0.00000000 0.00000000 30-B2 10,741,000.00 5.86503% 1000.00000000 4.88752630 0.00000000 0.00000000 30-B3 7,161,000.00 5.86503% 1000.00000000 4.88752688 0.00000000 0.00000000 30-B4 4,376,000.00 5.86503% 1000.00000000 4.88752742 0.00000000 0.00000000 30-B5 3,580,000.00 5.86503% 1000.00000000 4.88752514 0.00000000 0.00000000 30-B6 3,581,380.00 5.86503% 1000.00000000 4.88752660 0.00000000 0.00000000 A-R 100.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000 (5) All classes are per $1000 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 1-A1 0.00000000 0.00000000 5.41666663 0.00000000 979.21680347 2-A1 0.00000000 0.00000000 5.41666661 0.00000000 987.20665034 3-A1 0.00000000 0.00000000 5.00000000 0.00000000 985.80540110 4-A1 0.00000000 0.00000000 4.58333332 0.00000000 984.50486535 5-A1 0.00000000 0.00000000 4.16666667 0.00000000 986.96218112 6-A1 0.00000000 0.00000000 5.00000000 0.00000000 958.27713122 7-A1 0.00000000 0.00000000 4.16666667 0.00000000 988.20270377 8-A1 0.00000000 0.00000000 4.58333333 0.00000000 975.54594885 15-PO 0.00000000 0.00000000 0.00000000 0.00000000 995.23785831 30-PO 0.00000000 0.00000000 0.00000000 0.00000000 988.21247269 15-AX 0.00000000 0.00000000 4.16666677 0.00000000 986.44957373 30-AX 0.00000000 0.00000000 5.41666668 0.00000000 977.63915790 15-B1 0.00000000 0.00000000 4.16666605 0.00000000 996.36583487 15-B2 0.00000000 0.00000000 4.16666896 0.00000000 996.36583620 15-B3 0.00000000 0.00000000 4.16666667 0.00000000 996.36583333 15-B4 0.00000000 0.00000000 4.16666667 0.00000000 996.36583333 15-B5 0.00000000 0.00000000 4.16666667 0.00000000 996.36583333 15-B6 0.00000000 0.00000000 4.16665879 0.00000000 996.36583997 30-B1 0.00000000 0.00000000 4.88752653 0.00000000 999.06909664 30-B2 0.00000000 0.00000000 4.88752630 0.00000000 999.06909692 30-B3 0.00000000 0.00000000 4.88752688 0.00000000 999.06909649 30-B4 0.00000000 0.00000000 4.88752742 0.00000000 999.06909735 30-B5 0.00000000 0.00000000 4.88752514 0.00000000 999.06909777 30-B6 0.00000000 0.00000000 4.88752660 0.00000000 999.06909627 A-R 0.00000000 0.00000000 4.60000000 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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage PO-1 0.00000% 0.00 0.00 674,593.87 652,613.92 96.74175071% PO-2 0.00000% 0.00 0.00 880,120.67 868,581.99 98.68896614% PO-3 0.00000% 0.00 0.00 458,190.43 457,744.38 99.90264965% PO-4 0.00000% 0.00 0.00 923,115.50 921,442.86 99.81880491% PO-5 0.00000% 0.00 0.00 837,538.22 834,083.58 99.58752450% PO-7 0.00000% 0.00 0.00 983,812.46 978,593.58 99.46952491% PO-8 0.00000% 0.00 0.00 101,501.23 101,333.67 99.83491826% 15-AX-1 5.00000% 13,200,536.44 13,024,894.01 0.00 0.00 98.66942960% 15-AX-2 5.00000% 10,745,825.36 10,596,984.38 0.00 0.00 98.61489485% 30-AX-1 6.50000% 6,765,288.96 6,639,891.54 0.00 0.00 98.14645877% 30-AX-2 6.50000% 3,160,256.68 3,121,506.57 0.00 0.00 98.77383030% 30-AX-3 6.50000% 8,099,544.93 7,928,130.82 0.00 0.00 97.88365752% 30-AX-4 6.50000% 17,086,307.12 16,860,740.51 0.00 0.00 98.67983990% 30-AX-5 6.50000% 11,313,069.14 10,877,219.38 0.00 0.00 96.14737827% 30-AX-6 6.50000% 2,217,562.63 2,126,863.89 0.00 0.00 95.90998068%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 24,144,051.62 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 62,006.72 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 24,206,058.34 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 261,434.01 Payment of Interest and Principal 23,944,624.33 Total Withdrawals (Pool Distribution Amount) 24,206,058.34 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 261,057.46 Master Servicing Fee 376.55 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 261,434.01

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 50 0 0 0 50 7,191,280.15 0.00 0.00 0.00 7,191,280.15 60 Days 19 0 0 0 19 2,372,825.08 0.00 0.00 0.00 2,372,825.08 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 69 0 0 0 69 9,564,105.23 0.00 0.00 0.00 9,564,105.23 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.687474% 0.000000% 0.000000% 0.000000% 0.687474% 0.689844% 0.000000% 0.000000% 0.000000% 0.689844% 60 Days 0.261240% 0.000000% 0.000000% 0.000000% 0.261240% 0.227620% 0.000000% 0.000000% 0.000000% 0.227620% 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 0.948714% 0.000000% 0.000000% 0.000000% 0.948714% 0.917464% 0.000000% 0.000000% 0.000000% 0.917464%

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 8 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 485,586.35 0.00 0.00 0.00 485,586.35 60 Days 1 0 0 0 1 108,000.00 0.00 0.00 0.00 108,000.00 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 3 0 0 0 3 593,586.35 0.00 0.00 0.00 593,586.35 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.784314% 0.000000% 0.000000% 0.000000% 0.784314% 0.823171% 0.000000% 0.000000% 0.000000% 0.823171% 60 Days 0.392157% 0.000000% 0.000000% 0.000000% 0.392157% 0.183083% 0.000000% 0.000000% 0.000000% 0.183083% 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 1.176471% 0.000000% 0.000000% 0.000000% 1.176471% 1.006254% 0.000000% 0.000000% 0.000000% 1.006254% 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 3 0 0 0 3 514,714.81 0.00 0.00 0.00 514,714.81 60 Days 1 0 0 0 1 82,679.56 0.00 0.00 0.00 82,679.56 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 4 0 0 0 4 597,394.37 0.00 0.00 0.00 597,394.37 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.366300% 0.000000% 0.000000% 0.000000% 0.366300% 0.433570% 0.000000% 0.000000% 0.000000% 0.433570% 60 Days 0.122100% 0.000000% 0.000000% 0.000000% 0.122100% 0.069645% 0.000000% 0.000000% 0.000000% 0.069645% 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 0.488400% 0.000000% 0.000000% 0.000000% 0.488400% 0.503215% 0.000000% 0.000000% 0.000000% 0.503215% 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 17 0 0 0 17 2,997,633.45 0.00 0.00 0.00 2,997,633.45 60 Days 6 0 0 0 6 702,372.06 0.00 0.00 0.00 702,372.06 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 23 0 0 0 23 3,700,005.51 0.00 0.00 0.00 3,700,005.51 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.790698% 0.000000% 0.000000% 0.000000% 0.790698% 0.894304% 0.000000% 0.000000% 0.000000% 0.894304% 60 Days 0.279070% 0.000000% 0.000000% 0.000000% 0.279070% 0.209543% 0.000000% 0.000000% 0.000000% 0.209543% 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 1.069767% 0.000000% 0.000000% 0.000000% 1.069767% 1.103847% 0.000000% 0.000000% 0.000000% 1.103847% 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 4 0 0 0 4 678,503.57 0.00 0.00 0.00 678,503.57 60 Days 1 0 0 0 1 84,688.58 0.00 0.00 0.00 84,688.58 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 5 0 0 0 5 763,192.15 0.00 0.00 0.00 763,192.15 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.393314% 0.000000% 0.000000% 0.000000% 0.393314% 0.528250% 0.000000% 0.000000% 0.000000% 0.528250% 60 Days 0.098328% 0.000000% 0.000000% 0.000000% 0.098328% 0.065934% 0.000000% 0.000000% 0.000000% 0.065934% 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 0.491642% 0.000000% 0.000000% 0.000000% 0.491642% 0.594185% 0.000000% 0.000000% 0.000000% 0.594185% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 16 0 0 0 16 1,728,990.65 0.00 0.00 0.00 1,728,990.65 60 Days 8 0 0 0 8 1,061,584.88 0.00 0.00 0.00 1,061,584.88 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 24 0 0 0 24 2,790,575.53 0.00 0.00 0.00 2,790,575.53 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.361702% 0.000000% 0.000000% 0.000000% 1.361702% 1.284555% 0.000000% 0.000000% 0.000000% 1.284555% 60 Days 0.680851% 0.000000% 0.000000% 0.000000% 0.680851% 0.788705% 0.000000% 0.000000% 0.000000% 0.788705% 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 2.042553% 0.000000% 0.000000% 0.000000% 2.042553% 2.073261% 0.000000% 0.000000% 0.000000% 2.073261% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 7 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 8 0 0 0 8 785,851.32 0.00 0.00 0.00 785,851.32 60 Days 2 0 0 0 2 333,500.00 0.00 0.00 0.00 333,500.00 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 1,119,351.32 0.00 0.00 0.00 1,119,351.32 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.650936% 0.000000% 0.000000% 0.000000% 0.650936% 0.589833% 0.000000% 0.000000% 0.000000% 0.589833% 60 Days 0.162734% 0.000000% 0.000000% 0.000000% 0.162734% 0.250314% 0.000000% 0.000000% 0.000000% 0.250314% 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 0.813670% 0.000000% 0.000000% 0.000000% 0.813670% 0.840147% 0.000000% 0.000000% 0.000000% 0.840147%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 62,006.72

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 395,459.00 0.03731627% 395,459.00 0.03798347% Fraud 31,792,489.00 2.99999995% 31,792,489.00 3.05363915% Special Hazard 10,597,496.00 0.99999995% 10,597,496.00 1.01787968% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Fixed 15 & 30 Year Weighted Average Gross Coupon 6.330763% Weighted Average Pass-Through Rate 6.034730% Weighted Average Maturity(Stepdown Calculation ) 311 Beginning Scheduled Collateral Loan Count 7,362 Number Of Loans Paid In Full 89 Ending Scheduled Collateral Loan Count 7,273 Beginning Scheduled Collateral Balance 1,059,749,649.38 Ending Scheduled Collateral Balance 1,041,134,446.14 Ending Actual Collateral Balance at 31-Jul-2003 1,042,449,777.00 Monthly P &I Constant 7,292,119.22 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 23,464,382.48 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 1,041,134,446.14 Scheduled Principal 1,701,265.60 Unscheduled Principal 16,913,939.27

Bankruptcy Loss Coverage Amount: 15 Year Lo $150,000.00 Bankruptcy Loss Coverage Amount: 30 Year Lo $245,459.00 Fraud Loss Coverage Amount: 15 Year Loan Gr $7,923,289.00 Fraud Loss Coverage Amount: 30 Year Loan Gr $23,869,200.00 Special Hazard Loss Coverage Amount: 15 Yea $2,641,096.00 Special Hazard Loss Coverage Amount: 30 Yea $7,956,400.00

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 7.496269 6.998391 6.762862 Weighted Average Net Rate 7.246269 6.748391 6.511832 Weighted Average Maturity 356 357 354 Beginning Loan Count 560 258 828 Loans Paid In Full 9 3 9 Ending Loan Count 551 255 819 Beginning Scheduled Balance 100,672,367.11 59,667,982.38 120,224,857.83 Ending scheduled Balance 98,710,163.69 58,953,222.40 118,633,856.23 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 706,175.31 397,908.34 785,871.45 Scheduled Principal 77,286.00 49,925.09 108,318.05 Unscheduled Principal 1,884,917.42 664,834.89 1,482,683.55 Scheduled Interest 628,889.31 347,983.25 677,553.40 Servicing Fees 20,973.41 12,430.83 25,150.05 Master Servicing Fees 0.00 0.00 167.43 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 29,615.93 0.00 9,530.20 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 578,299.97 335,552.42 642,705.72 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.893252 6.748391 6.415037

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Fixed 30 Year Fixed 15 Year Fixed 30 Year Weighted Average Coupon Rate 6.063976 5.732356 6.775442 Weighted Average Net Rate 5.813630 5.479472 6.525442 Weighted Average Maturity 355 175 354 Beginning Loan Count 2,172 1,024 1,205 Loans Paid In Full 22 7 30 Ending Loan Count 2,150 1,017 1,175 Beginning Scheduled Balance 339,842,179.88 129,738,400.92 139,948,614.47 Ending scheduled Balance 334,925,956.16 128,098,476.61 134,500,926.40 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 2,061,467.08 1,086,078.34 915,891.00 Scheduled Principal 344,138.15 466,322.73 125,712.85 Unscheduled Principal 4,572,085.57 1,173,601.58 5,321,975.22 Scheduled Interest 1,717,328.93 619,755.61 790,178.15 Servicing Fees 70,898.29 27,340.64 29,155.96 Master Servicing Fees 121.40 87.72 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 379.72 238.07 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,645,929.52 592,089.18 761,022.19 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.811861 5.476459 6.525442

Group Level Collateral Statement Group Group 7 Group 8 Total Collateral Description Fixed 15 Year Fixed 30 Year Fixed 15 & 30 Year Weighted Average Coupon Rate 5.613248 6.142696 6.330763 Weighted Average Net Rate 5.363247 5.892696 6.080183 Weighted Average Maturity 176.00 353.00 311.00 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 1,122,417.36 216,310.34 7,292,119.22 Beginning Loan Count 1,236 79 7,362 Loans Paid In Full 7 2 89 Ending Loan Count 1,229 77 7,273 Beginning Scheduled Balance 134,371,247.56 35,284,000.86 1,059,749,651.01 Ending Scheduled Balance 132,831,712.95 34,480,131.70 1,041,134,446.14 Scheduled Principal 493,868.13 35,694.60 1,701,265.60 Unscheduled Principal 1,045,666.48 768,174.56 16,913,939.27 Scheduled Interest 628,549.23 180,615.74 5,590,853.62 Servicing Fee 27,994.03 7,350.84 221,294.05 Master Servicing Fee 0.00 0.00 376.55 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 39,763.92 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 600,555.20 173,264.90 5,329,419.10 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.363248 5.892696 6.034730

Miscellaneous Reporting Group Group 1 Subordinate % 6.896927% Senior Prepayment % 100.000000% Senior % 93.103073% Group Group 2 Subordinate % 6.951880% Senior Prepayment % 100.000000% Senior % 93.048120% Group Group 3 Subordinate % 6.876427% Senior Prepayment % 100.000000% Senior % 93.123573%

Miscellaneous Reporting Group Group 4 Subordinate % 6.868591% Senior Prepayment % 100.000000% Senior % 93.131409% Group Group 5 Subordinate % 3.623609% Senior Prepayment % 100.000000% Senior % 96.376391% Group Group 6 Subordinate % 6.850096% Senior Prepayment % 100.000000% Senior % 93.149904%

Miscellaneous Reporting Group Group 7 Subordinate % 3.626605% Senior Prepayment % 100.000000% Senior % 96.373395% Group Group 8 Subordinate % 6.868471% Senior Prepayment % 100.000000% Senior % 93.131529%

Filing Compare · MORTGAGE ASSET SEC TRANS INC MASTR ALT LOAN TR 2003-5