8-K 1 greenpoint_sept03.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Sec. 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 25, 2003 -------------------- GreenPoint Mortgage Securities Inc. ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-83605-01 13-6357101 ------------------------------------------------------------------------------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation or organization) Identification No.) ------------------------------------------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code : (212) 902-1000 ------------------------ N/A ------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Item 5. Other Events. This current report on Form 8-K relates to the monthly distribution reported to the holders of GreenPoint Mortgage-Backed Pass-Through Certificates Series 2003-1 pursuant to the terms of the Pooling and Servicing Agreement, dated August 1, 2003 among GreenPoint Mortgage Securities Inc. as sponsor, GreenPoint Mortgage Funding, Inc., as seller and master servicer, and JPMorgan Chase Bank, as trustee. On September 25, 2003 distributions were made to the Certificateholders. Specific information with respect to the distributions is filed as Exhibit 99.1. No other reportable transactions or matters have occurred during the current reporting period. Item 7. Financial Statements and Exhibits. (a) Not applicable (b) Not applicable (c) The following exhibit is filed as part of this report: Statement to Certificateholders on September 25, 2003 is filed as Exhibit 99.1 hereto. GreenPoint Mortgage Securities Inc. GreenPoint Mortgage-Backed Pass-Through Certificates Series 2003-1 ---------------------------------------------------------------------------- SIGNATURE 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. JPMORGAN CHASE BANK Date: October 6, 2003 By: /s Mark Volosov -------------------------------------------- Mark Volosov Assistant Vice President INDEX TO EXHIBITS Exhibit Number Description of Exhibits 99.1 Monthly Certificateholder Statement on September 25, 2003 Exhibit 99.1 Monthly Certificateholder Statement on September 25, 2003 Greenpoint Mortgage Securities, 2003-1 STATEMENT TO CERTIFICATEHOLDERS September 25, 2003 ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS ----------------------------------------------------------------------------------------------------------------------------------- Original Beginning Ending Face Principal Realized Deferred Principal Class Value Balance Principal Interest Total Losses Interest Balance ----------------------------------------------------------------------------------------------------------------------------------- A1 203,191,000.00 203,191,000.00 52,507.19 756,881.40 809,388.59 0.00 0.00 203,138,492.81 M1 2,820,000.00 2,820,000.00 578.80 10,504.43 11,083.23 0.00 0.00 2,819,421.20 M2 1,044,000.00 1,044,000.00 214.28 3,888.87 4,103.15 0.00 0.00 1,043,785.72 M3 835,000.00 835,000.00 171.38 3,110.35 3,281.73 0.00 0.00 834,828.62 B1 313,000.00 313,000.00 64.24 1,165.92 1,230.16 0.00 0.00 312,935.76 B2 313,000.00 313,000.00 64.24 1,165.92 1,230.16 0.00 0.00 312,935.76 B3 421,221.00 421,221.00 86.46 1,569.04 1,655.50 0.00 0.00 421,134.54 R 0.00 0.00 0.00 41,274.69 41,274.69 0.00 0.00 0.00 TOTALS 208,937,221.00 208,937,221.00 53,686.59 819,560.62 873,247.21 0.00 0.00 208,883,534.41 ------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- --------------------------- Factor Information Per $1,000 of Original Face Pass-through Rates --------------------------------------------------------------------------------------------------- --------------------------- Current Beginning Ending Class Pass-thru Class CUSIP Principal Principal Interest Total Principal Rate (%) --------------------------------------------------------------------------------------------------- --------------------------- A1 395387AA1 1,000.00000000 0.25841297 3.72497502 3.98338799 999.74158703 A1 4.469970 % M1 395387AB9 1,000.00000000 0.20524823 3.72497518 3.93022340 999.79475177 M1 4.469970 % M2 395387AC7 1,000.00000000 0.20524904 3.72497126 3.93022031 999.79475096 M2 4.469970 % M3 395387AD5 1,000.00000000 0.20524551 3.72497006 3.93021557 999.79475449 M3 4.469970 % B1 395387AE3 1,000.00000000 0.20523962 3.72498403 3.93022364 999.79476038 B1 4.469970 % B2 395387AF0 1,000.00000000 0.20523962 3.72498403 3.93022364 999.79476038 B2 4.469970 % B3 395387AG8 1,000.00000000 0.20526042 3.72498047 3.93024089 999.79473958 B3 4.469970 % TOTALS 1,000.00000000 0.25695082 3.92252092 4.17947174 999.74304918 ----------------------------------------------------------------------------------------------------- ---------------------------- If there are any questions or comments, please contact the Relationship Manager listed below. -------------------------------------- Scott B. Rubin JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th Floor, New York, New York 10004 Tel: (212) 623-4507 Fax: (212) 623-5930 Email: scott.b.rubin@chase.com --------------------------------------- Available Funds 873,247.22 Scheduled Principal Payments 42,884.35 Principal Prepayments 10,802.25 Repurchase Principal 0.00 Substitution Amounts 0.00 Net Liquidation Proceeds 0.00 Insurance Proceeds 0.00 Other Principal 0.00 Gross Interest 823,729.80 Master Servicing Fees 43,528.59 Trustee Fees 1,915.26 Current Monthly Advances 704,799.57 Beginning Number of Loans Outstanding 497 Beginning Aggregate Loan Balance 208,937,221.84 Ending Number of Loans Outstanding 497 Ending Aggregate Loan Balance 208,883,535.24 Delinquent Mortgage Loans Group Totals Principal Category Number Balance Percentage 1 Month 0 0.00 0.00 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 0 0.00 0.00 % * Delinquent Bankruptcies are included in the table above. Bankruptcies Group Totals Principal Number Balance Percentage 0 0.00 0.00% * Only Current Bankruptcies are reflected in the table above. Foreclosures Group Totals Principal Number Balance Percentage 0 0.00 0.00% REO Properties Group Totals Principal Number Balance Percentage 0 0.00 0.00% Book Value of REO Properties 0.00 Current Realized Losses 0.00 Cumulative Realized Losses 0.00 Special Hazard Loss Coverage Amount 3,800,000.00 Bankruptcy Coverage Amount 100,000.00 Fraud Loss Coverage Amount 2,008,937.00 Senior Percentage (for next Distribution Date) 0.972496 % Subordinate Percentage (for next Distribution Date) 0.027504 % Senior Prepayment Percentage (for next Distribution Date) 1.000000 % Subordinate Prepayment Percentage (for next Distribution Date) 0.000000 % Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest Event Reported) September 9, 2003 GreenPoint Mortgage Securities Inc.

(Exact name of registrant as specified in its charter)
Delaware	333-83605	68-0397342
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
100 Wood Hollow Drive Doorstop #32210		94945
Novato, California		(Zip Code)
(Address of Principal Executive Offices)
Registrant’s telephone number, including area code		(415) 878-5292

Item 5.

Other Events.

GreenPoint Mortgage Securities Inc. (the “Company”) entered into a Pooling and Servicing Agreement dated as of August 1, 2003 (the “Agreement”) among the Company, in its capacity as sponsor (in such capacity, the “Sponsor”), GreenPoint Mortgage Funding, Inc., as seller and master servicer (in each such capacity together, the “Seller” and the “Master Servicer”) and JPMorgan Chase Bank, as trustee (in such capacity, the “Trustee”). The Certificates were issued on August 29, 2003. The Pooling and Servicing Agreement is annexed hereto as Exhibit 99.1.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits:

99.1

The Pooling and Servicing Agreement dated as of August 1, 2003, by and among

the Company, the Seller, the Master Servicer and the Trustee.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GREENPOINT MORTGAGE

SECURITIES INC.

By: /s/ Nathan Hieter

Name: Nathan Hieter

Title: Vice President

Dated: September 9, 2003

Exhibit Index

Exhibit

Page

99.1

Pooling and Servicing Agreement dated as of August 1, 2003,

by and among the Company, the Seller, the Master Servicer and

the Trustee.

Filing Compare · GREENPOINT MORT SEC INC MORT BACK PS THR CERTS SER 2003-1