8-K 1 sam03cl1_aug.txt AUGUST 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): August 25, 2003 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-CL1 Trust (Exact name of registrant as specified in its charter) 54-2121824 54-2121825 54-2121826 New York (governing law of 033-44658-33 54-2121827 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On August 25, 2003 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 August 25, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-CL1 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/8/03 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 August 25, 2003 distribution. EX-99.1

Structured Asset Mortgage Investments ~~Trust~~Inc. Mortgage Pass-Through Certificates Record Date: 67/3031/03 Distribution Date: 78/25/03 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.~~51375~~50000% 7974,~~343~~904,~~315~~567.0003 9993,~~611~~092.1690 4,~~438~~654,~~747~~321.9722 I-S1 86358HST7 SEN 6.~~48625~~50000% 0.00 ~~426~~403,~~822~~402.7056 0.00 I-F2 86358HSU4 SEN 1.~~71375~~70000% 4542,~~111~~332,~~998~~744.0012 6459,~~118~~626.4591 24,~~779~~124,~~253~~192.8876 I-S2 86358HSV2 SEN 5.~~78625~~80000% 0.00 ~~216~~203,~~487~~433.4600 0.00 I-I1 86358HSW0 SEN 0.~~77739~~78987% 0.00 8481,~~917~~306.4430 0.00 I-I2 86358HSX8 SEN 2.~~81830~~81769% 0.00 6,~~926~~877.7605 0.00 I-PO ~~86358HSS9~~86358HSY6 SEN 0.00000% 3,~~302~~071,~~908~~871.5335 0.00 ~~231~~322,~~037~~571.1831 II-A1 86358HSZ3 SEN 5.~~44603~~38461% 4140,~~462~~205,~~000~~135.0071 ~~187~~179,~~272~~374.4703 1,~~256~~199,~~864~~748.2984 I-B1 86358HTA7 SUB 5.00000% 1,~~317~~309,~~095~~210.0036 5,~~461~~423.7371 7,~~884~~942.6475 I-B2 86358HTB5 SUB 5.00000% ~~987~~981,~~821~~907.0052 4,~~096~~067.3078 5,~~913~~957.4806 I-B3 86358HTC3 SUB 5.00000% ~~658~~654,~~548~~605.0068 2,~~730~~711.8786 3,~~942~~971.3238 I-B4 86358HTL3 SUB 7.~~81800~~81769% ~~329~~327,~~274~~302.0084 2,~~134~~120.9905 1,~~971~~985.1669 I-B5 86358HTM1 SUB 7.~~81800~~81769% ~~197~~196,~~564~~381.0031 1,~~280~~272.9902 1,~~182~~191.6941 I-B6 86358HTN9 SUB 7.~~81800~~81769% ~~460~~458,~~983~~223.0038 2,~~988~~968.9906 2,~~759~~778.6289 II-B1 86358HTD1 SUB 5.~~44603~~38461% ~~362~~360,~~600~~818.0078 1,~~637~~609.7678 1,~~781~~807.2213 II-B2 86358HTE9 SUB 5.~~44603~~38461% ~~298~~297,~~600~~133.0017 1,~~348~~325.6965 1,~~466~~488.8317 II-B3 86358HTF6 SUB 5.~~44603~~38461% ~~213~~212,~~300~~252.0020 ~~963~~946.4296 1,~~047~~063.8005 II-B4 86358HTP4 SUB 5.~~44603~~38461% 106,~~600~~076.0034 ~~481~~473.4826 ~~523~~531.6628 II-B5 86358HTQ2 SUB 5.~~44603~~38461% 6463,~~000~~685.0061 ~~289~~284.0713 ~~314~~318.3996 II-B6 86358HTR0 SUB 5.~~44603~~38461% ~~149~~148,~~338~~604.0012 ~~674~~662.5299 ~~733~~744.8827 R-I SAM03C1R1 RES 0.00000% 500.00 0.00 500.00 R-II SAM03C1R2 RES 0.00000% 500.00 0.00 500.00 R-III SAM03C1R3 RES 0.00000% 500.00 0.00 500.00 R-IV SAM03C1R4 RES 0.00000% 500.00 0.2300 500.00 Totals ~~174~~165,~~366~~630,~~144~~519.5352 1,~~110~~050,~~245~~979.4800 810,~~735~~330,~~625~~614.0117

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-F1 0.00 7470,~~904~~250,~~567~~245.0381 4,~~538~~747,~~359~~414.1312 0.00 I-S1 0.00 0.00 ~~426~~403,~~822~~402.7056 0.00 I-F2 0.00 4238,~~332~~208,~~744~~551.1235 24,~~843~~183,~~372~~819.3367 0.00 I-S2 0.00 0.00 ~~216~~203,~~487~~433.4600 0.00 I-I1 0.00 0.00 8481,~~917~~306.4430 0.00 I-I2 0.00 0.00 6,~~926~~877.7605 0.00 I-PO 0.00 32,~~071~~749,~~871~~300.3504 ~~231~~322,~~037~~571.1831 0.00 II-A1 0.00 4039,~~205~~005,~~135~~386.7187 1,~~444~~379,~~136~~122.7687 0.00 I-B1 0.00 1,~~309~~301,~~210~~267.3661 13,~~346~~366.3746 0.00 I-B2 0.00 ~~981~~975,~~907~~950.5246 10,~~009~~024.7884 0.00 I-B3 0.00 ~~654~~650,~~605~~634.6830 6,~~673~~683.1924 0.00 I-B4 0.00 ~~327~~325,~~302~~317.8415 4,~~106~~105.1574 0.00 I-B5 0.00 ~~196~~195,~~381~~189.3189 2,463.6843 0.00 I-B6 0.00 ~~458~~455,~~223~~444.3849 5,~~748~~746.6195 0.00 II-B1 0.00 ~~360~~359,~~818~~011.7865 3,~~418~~416.9891 0.00 II-B2 0.00 ~~297~~295,~~133~~645.1700 2,~~815~~813.5282 0.00 II-B3 0.00 ~~212~~211,~~252~~189.2015 2,~~011~~010.2201 0.00 II-B4 0.00 ~~106~~105,~~076~~545.3407 1,~~005~~004.1454 0.00 II-B5 0.00 63,~~685~~366.6165 603.4609 0.00 II-B6 0.00 ~~148~~147,~~604~~859.1285 1,~~408~~407.4026 0.00 R-I 0.00 0.00 500.00 0.00 R-II 0.00 0.00 500.00 0.00 R-III 0.00 0.00 500.00 0.00 R-IV 0.00 0.00 500.2300 0.00 Totals 0.00 ~~165~~155,~~630~~299,~~519~~905.5234 911,~~845~~381,~~870~~593.4917 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 7974,~~343~~904,~~315~~567.0003 ~~622~~596,~~994~~243.4239 34,~~815~~058,~~753~~077.5583 0.00 0.00 I-S1 0.00 0.00 0.00 0.00 0.00 0.00 I-F2 45,111,998.00 4542,~~111~~332,~~998~~744.0012 ~~122~~117,~~637~~194.8373 24,~~656~~006,~~616~~998.0603 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 3,~~302~~071,~~908~~871.5335 2926,~~350~~968.4426 ~~201~~295,~~686~~603.7405 0.00 0.00 II-A1 41,462,000.00 4140,~~462~~205,~~000~~135.0071 ~~203~~201,~~677~~338.8485 1998,~~053,186~~409.4699 0.00 0.00 I-B1 1,317,095.00 1,~~317~~309,~~095~~210.0036 7,~~884~~942.6475 0.00 0.00 0.00 I-B2 987,821.00 ~~987~~981,~~821~~907.0052 5,~~913~~957.4806 0.00 0.00 0.00 I-B3 658,548.00 ~~658~~654,~~548~~605.0068 3,~~942~~971.3238 0.00 0.00 0.00 I-B4 329,274.00 ~~329~~327,~~274~~302.0084 1,~~971~~985.1669 0.00 0.00 0.00 I-B5 197,564.00 ~~197~~196,~~564~~381.0031 1,~~182~~191.6941 0.00 0.00 0.00 I-B6 460,983.00 ~~460~~458,~~983~~223.0038 2,~~759~~778.6289 0.00 0.00 0.00 II-B1 362,600.00 ~~362~~360,~~600~~818.0078 1,~~781~~807.2213 0.00 0.00 0.00 II-B2 298,600.00 ~~298~~297,~~600~~133.0017 1,~~466~~488.8317 0.00 0.00 0.00 II-B3 213,300.00 ~~213~~212,~~300~~252.0020 1,~~047~~063.8005 0.00 0.00 0.00 II-B4 106,600.00 106,~~600~~076.0034 ~~523~~531.6628 0.00 0.00 0.00 II-B5 64,000.00 6463,~~000~~685.0061 ~~314~~318.3996 0.00 0.00 0.00 II-B6 149,338.00 ~~149~~148,~~338~~604.0012 ~~733~~744.8827 0.00 0.00 0.00 R-I 50.00 500.00 20.2100 470.7900 0.00 0.00 R-II 50.00 500.00 80.1000 410.9000 0.00 0.00 R-III 50.00 500.00 80.1000 410.9000 0.00 0.00 R-IV 50.00 500.00 80.1000 410.9000 0.00 0.00 Totals 174,366,144.53 ~~174~~165,~~366~~630,~~144~~519.5352 1971,~~008,208~~525.7327 79,~~727~~359,~~416~~088.3090 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 4,~~438~~654,~~747~~321.9722 7470,~~904~~250,~~567~~245.0381 0.~~94405643~~88539590 4,~~438~~654,~~747~~321.9722 I-S1 0.00 0.00 0.00000000 0.00 I-F2 24,~~779~~124,~~253~~192.8876 4238,~~332~~208,~~744~~551.1235 0.~~93839214~~84697094 24,~~779~~124,~~253~~192.8876 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 ~~231~~322,~~037~~571.1831 32,~~071~~749,~~871~~300.3504 0.~~93005039~~83238758 ~~231~~322,~~037~~571.1831 II-A1 1,~~256~~199,~~864~~748.2984 4039,~~205~~005,~~135~~386.7187 0.~~96968636~~94075025 1,~~256~~199,~~864~~748.2984 I-B1 7,~~884~~942.6475 1,~~309~~301,~~210~~267.3661 0.~~99401361~~98798311 7,~~884~~942.6475 I-B2 5,~~913~~957.4806 ~~981~~975,~~907~~950.5246 0.~~99401361~~98798311 5,~~913~~957.4806 I-B3 3,~~942~~971.3238 ~~654~~650,~~605~~634.6830 0.~~99401362~~98798311 3,~~942~~971.3238 I-B4 1,~~971~~985.1669 ~~327~~325,~~302~~317.8415 0.~~99401362~~98798311 1,~~971~~985.1669 I-B5 1,~~182~~191.6941 ~~196~~195,~~381~~189.3189 0.~~99401364~~98798308 1,~~182~~191.6941 I-B6 2,~~759~~778.6289 ~~458~~455,~~223~~444.3849 0.~~99401362~~98798544 2,~~759~~778.6289 II-B1 1,~~781~~807.2213 ~~360~~359,~~818~~011.7865 0.~~99508764~~99010383 1,~~781~~807.2213 II-B2 1,~~466~~488.8317 ~~297~~295,~~133~~645.1700 0.~~99508764~~99010382 1,~~466~~488.8317 II-B3 1,~~047~~063.8005 ~~212~~211,~~252~~189.2015 0.~~99508767~~99010384 1,~~047~~063.8005 II-B4 ~~523~~531.6628 ~~106~~105,~~076~~545.3407 0.~~99508762~~99010385 ~~523~~531.6628 II-B5 ~~314~~318.3996 63,~~685~~366.6165 0.~~99508766~~99010391 ~~314~~318.3996 II-B6 ~~733~~744.8827 ~~148~~147,~~604~~859.1285 0.~~99508578~~99010198 ~~733~~744.8827 R-I 500.00 0.00 0.00000000 500.00 R-II 500.00 0.00 0.00000000 500.00 R-III 500.00 0.00 0.00000000 500.00 R-IV 500.00 0.00 0.00000000 500.00 Totals 810,~~735~~330,~~625~~614.0117 ~~165~~155,~~630~~299,~~519~~905.5234 0.~~94990068~~89065401 810,~~735~~330,~~625~~614.0117

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 ~~1000~~944.~~00000000~~05643412 7.~~85188292~~51472749 4851.~~09168296~~14580642 0.00000000 I-S1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-F2 45,111,998.00 ~~1000~~938.~~00000000~~39213506 2.~~71851914~~59786166 5888.~~88934602~~82333321 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 ~~1000~~930.~~00000000~~05038502 8.~~88624064~~16500359 6189.~~06337435~~49780090 0.00000000 II-A1 41,462,000.00 ~~1000~~969.~~00000000~~68635642 4.~~91239786~~85598500 2524.~~40124596~~08012132 0.00000000 I-B1 1,317,095.00 ~~1000~~994.~~00000000~~01361329 56.~~98638671~~03050653 0.00000000 0.00000000 I-B2 987,821.00 ~~1000~~994.~~00000000~~01361178 56.~~98638822~~03050553 0.00000000 0.00000000 I-B3 658,548.00 ~~1000~~994.~~00000000~~01361784 56.~~98638216~~03050955 0.00000000 0.00000000 I-B4 329,274.00 ~~1000~~994.~~00000000~~01361784 56.~~98638216~~03050955 0.00000000 0.00000000 I-B5 197,564.00 ~~1000~~994.~~00000000~~01363609 56.~~98636391~~03050151 0.00000000 0.00000000 I-B6 460,983.00 ~~1000~~994.~~00000000~~01361872 56.~~98638128~~02818325 0.00000000 0.00000000 II-B1 362,600.00 ~~1000~~995.~~00000000~~08764479 4.~~91235521~~98381136 0.00000000 0.00000000 II-B2 298,600.00 ~~1000~~995.~~00000000~~08764233 4.~~91235767~~98382451 0.00000000 0.00000000 II-B3 213,300.00 ~~1000~~995.~~00000000~~08766995 4.~~91233005~~98382560 0.00000000 0.00000000 II-B4 106,600.00 ~~1000~~995.~~00000000~~08761726 4.~~91238274~~98386492 0.00000000 0.00000000 II-B5 64,000.00 ~~1000~~995.~~00000000~~08765625 4.~~91234375~~98375000 0.00000000 0.00000000 II-B6 149,338.00 ~~1000~~995.~~00000000~~08577857 4.~~91422143~~98379515 0.00000000 0.00000000 R-I 50.00 ~~1000~~0.00000000 440.~~20000000~~00000000 ~~955~~0.~~80000000~~00000000 0.00000000 R-II 50.00 ~~1000~~0.00000000 ~~162~~0.00000000 ~~838~~0.00000000 0.00000000 R-III 50.00 ~~1000~~0.00000000 ~~162~~0.00000000 ~~838~~0.00000000 0.00000000 R-IV 50.00 ~~1000~~0.00000000 ~~162~~0.00000000 ~~838~~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 5558.~~94356588~~66053391 ~~944~~885.~~05643412~~39590021 0.~~94405643~~88539590 5558.~~94356588~~66053391 I-S1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-F2 0.00000000 6191.~~60786494~~42119487 ~~938~~846.~~39213506~~97093997 0.~~93839214~~84697094 6191.~~60786494~~42119487 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 6997.~~94961498~~66280449 ~~930~~832.~~05038502~~38758053 0.~~93005039~~83238758 6997.~~94961498~~66280449 II-A1 0.00000000 3028.~~31364358~~93610631 ~~969~~940.~~68635642~~75025011 0.~~96968636~~94075025 3028.~~31364358~~93610631 I-B1 0.00000000 56.~~98638671~~03050653 ~~994~~987.~~01361329~~98310676 0.~~99401361~~98798311 56.~~98638671~~03050653 I-B2 0.00000000 56.~~98638822~~03050553 ~~994~~987.~~01361178~~98310625 0.~~99401361~~98798311 56.~~98638822~~03050553 I-B3 0.00000000 56.~~98638216~~03050955 ~~994~~987.~~01361784~~98310829 0.~~99401362~~98798311 56.~~98638216~~03050955 I-B4 0.00000000 56.~~98638216~~03050955 ~~994~~987.~~01361784~~98310829 0.~~99401362~~98798311 56.~~98638216~~03050955 I-B5 0.00000000 56.~~98636391~~03050151 ~~994~~987.~~01363609~~98308396 0.~~99401364~~98798308 56.~~98636391~~03050151 I-B6 0.00000000 56.~~98638128~~02818325 ~~994~~987.~~01361872~~98543547 0.~~99401362~~98798544 56.~~98638128~~02818325 II-B1 0.00000000 4.~~91235521~~98381136 ~~995~~990.~~08764479~~10383343 0.~~99508764~~99010383 4.~~91235521~~98381136 II-B2 0.00000000 4.~~91235767~~98382451 ~~995~~990.~~08764233~~10381782 0.~~99508764~~99010382 4.~~91235767~~98382451 II-B3 0.00000000 4.~~91233005~~98382560 ~~995~~990.~~08766995~~10384435 0.~~99508767~~99010384 4.~~91233005~~98382560 II-B4 0.00000000 4.~~91238274~~98386492 ~~995~~990.~~08761726~~10384615 0.~~99508762~~99010385 4.~~91238274~~98386492 II-B5 0.00000000 4.~~91234375~~98375000 ~~995~~990.~~08765625~~10390625 0.~~99508766~~99010391 4.~~91234375~~98375000 II-B6 0.00000000 4.~~91422143~~98379515 ~~995~~990.~~08577857~~10198342 0.~~99508578~~99010198 4.~~91422143~~98379515 R-I 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-II 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-III 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-IV 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-F1 79,343,315.00 1.~~51375~~50000% 7974,~~343~~904,~~315~~567.0003 ~~100~~93,~~088~~630.2971 0.00 0.00 I-S1 0.00 6.~~48625~~50000% 7974,~~343~~904,~~315~~567.0003 ~~428~~405,~~867~~733.1507 0.00 0.00 I-F2 45,111,998.00 1.~~71375~~70000% 4542,~~111~~332,~~998~~744.0012 6459,~~425~~971.5739 0.00 0.00 I-S2 0.00 5.~~78625~~80000% 4542,~~111~~332,~~998~~744.0012 ~~217~~204,~~524~~608.4226 0.00 0.00 I-I1 0.00 0.~~77739~~78987% ~~131~~124,~~709~~236,~~507~~814.0031 8581,~~324~~776.1902 0.00 0.00 I-I2 0.00 2.~~81830~~81769% 2,~~963~~945,~~464~~723.0056 6,~~959~~916.9478 0.00 0.00 I-PO 3,302,908.53 0.00000% 3,~~302~~071,~~908~~871.5335 0.00 0.00 0.00 II-A1 41,462,000.00 5.~~44603~~38461% 4140,~~462~~205,~~000~~135.0071 ~~188~~180,~~169~~407.5061 0.00 0.00 I-B1 1,317,095.00 5.00000% 1,~~317~~309,~~095~~210.0036 5,~~487~~455.9004 0.00 0.00 I-B2 987,821.00 5.00000% ~~987~~981,~~821~~907.0052 4,~~115~~091.9228 0.00 0.00 I-B3 658,548.00 5.00000% ~~658~~654,~~548~~605.0068 2,~~743~~727.9552 0.00 0.00 I-B4 329,274.00 7.~~81800~~81769% ~~329~~327,~~274~~302.0084 2,~~145~~132.2229 0.00 0.00 I-B5 197,564.00 7.~~81800~~81769% ~~197~~196,~~564~~381.0031 1,~~287~~279.1337 0.00 0.00 I-B6 460,983.00 7.~~81800~~81769% ~~460~~458,~~983~~223.0038 32,~~003~~985.3021 0.00 0.00 II-B1 362,600.00 5.~~44603~~38461% ~~362~~360,~~600~~818.0078 1,~~645~~619.6106 0.00 0.00 II-B2 298,600.00 5.~~44603~~38461% ~~298~~297,~~600~~133.0017 1,~~355~~333.1529 0.00 0.00 II-B3 213,300.00 5.~~44603~~38461% ~~213~~212,~~300~~252.0020 ~~968~~952.0341 0.00 0.00 II-B4 106,600.00 5.~~44603~~38461% 106,~~600~~076.0034 ~~483~~475.7998 0.00 0.00 II-B5 64,000.00 5.~~44603~~38461% 6463,~~000~~685.0061 ~~290~~285.4677 0.00 0.00 II-B6 149,338.00 5.~~44603~~38461% ~~149~~148,~~338~~604.0012 ~~677~~666.7581 0.00 0.00 R-I 50.00 0.00000% 500.00 0.00 0.00 0.00 R-II 50.00 0.00000% 500.00 0.00 0.00 0.00 R-III 50.00 0.00000% 500.00 0.00 0.00 0.00 R-IV 50.00 0.00000% 500.00 0.00 0.00 0.00 Totals 174,366,144.53 1,~~115~~057,~~563~~047.2787 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 ~~477~~537.1381 0.00 9993,~~611~~092.1690 0.00 7470,~~904~~250,~~567~~245.0381 I-S1 2,~~044~~330.4551 0.00 ~~426~~403,~~822~~402.7056 0.00 7470,~~904~~250,~~567~~245.0381 I-F2 ~~307~~344.1247 0.00 6459,~~118~~626.4591 0.00 4238,~~332~~208,~~744~~551.1235 I-S2 1,~~036~~175.9626 0.00 ~~216~~203,~~487~~433.4600 0.00 4238,~~332~~208,~~744~~551.1235 I-I1 ~~406~~469.7572 0.00 8481,~~917~~306.4430 0.00 ~~124~~115,~~236~~111,~~814~~750.3105 I-I2 3339.1873 0.00 6,~~926~~877.7605 0.00 2,~~945~~927,~~723~~852.5636 I-PO 0.00 0.00 0.00 0.00 32,~~071~~749,~~871~~300.3504 II-A1 ~~897~~1,033.0358 0.00 ~~187~~179,~~272~~374.4703 0.00 4039,~~205~~005,~~135~~386.7187 I-B1 2631.1633 0.00 5,~~461~~423.7371 0.00 1,~~309~~301,~~210~~267.3661 I-B2 1923.6250 0.00 4,~~096~~067.3078 0.00 ~~981~~975,~~907~~950.5246 I-B3 1315.0867 0.00 2,~~730~~711.8786 0.00 ~~654~~650,~~605~~634.6830 I-B4 1012.2325 0.00 2,~~134~~120.9905 0.00 ~~327~~325,~~302~~317.8415 I-B5 67.1435 0.00 1,~~280~~272.9902 0.00 ~~196~~195,~~381~~189.3189 I-B6 1417.3215 0.00 2,~~988~~968.9906 0.00 ~~458~~455,~~223~~444.3849 II-B1 79.8428 0.00 1,~~637~~609.7678 0.00 ~~360~~359,~~818~~011.7865 II-B2 67.4664 0.00 1,~~348~~325.6965 0.00 ~~297~~295,~~133~~645.1700 II-B3 45.6146 0.00 ~~963~~946.4296 0.00 ~~212~~211,~~252~~189.2015 II-B4 2.3173 0.00 ~~481~~473.4826 0.00 ~~106~~105,~~076~~545.3407 II-B5 1.3864 0.00 ~~289~~284.0713 0.00 63,~~685~~366.6165 II-B6 3.2382 0.00 ~~674~~662.5299 0.00 ~~148~~147,~~604~~859.1285 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 0.2300 0.00 0.00 Totals 56,~~318~~068.0090 0.00 1,~~110~~050,~~245~~979.4800 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 I-F1 79,343,315.00 1.~~51375~~50000% ~~1000~~944.~~00000000~~05643412 1.~~26145838~~18007056 0.00000000 0.00000000 I-S1 0.00 6.~~48625~~50000% ~~1000~~944.~~00000000~~05643412 5.~~40520837~~11363900 0.00000000 0.00000000 I-F2 45,111,998.00 1.~~71375~~70000% ~~1000~~938.~~00000000~~39213506 1.~~42812495~~32938891 0.00000000 0.00000000 I-S2 0.00 5.~~78625~~80000% ~~1000~~938.~~00000000~~39213506 4.~~82187510~~53556191 0.00000000 0.00000000 I-I1 0.00 0.~~77739~~78987% ~~1000~~943.~~00000000~~26383220 0.~~64782104~~62088168 0.00000000 0.00000000 I-I2 0.00 2.~~81830~~81769% ~~1000~~994.~~00000000~~01361380 2.~~34858260~~33401857 0.00000000 0.00000000 I-PO 3,302,908.53 0.00000% ~~1000~~930.~~00000000~~05038502 0.00000000 0.00000000 0.00000000 II-A1 41,462,000.00 5.~~44603~~38461% ~~1000~~969.~~00000000~~68635642 4.~~53836043~~35115552 0.00000000 0.00000000 I-B1 1,317,095.00 5.00000% ~~1000~~994.~~00000000~~01361329 4.~~16666983~~14172098 0.00000000 0.00000000 I-B2 987,821.00 5.00000% ~~1000~~994.~~00000000~~01361178 4.~~16666582~~14172203 0.00000000 0.00000000 I-B3 658,548.00 5.00000% ~~1000~~994.~~00000000~~01361784 4.~~16666667~~14171784 0.00000000 0.00000000 I-B4 329,274.00 7.~~81800~~81769% ~~1000~~994.~~00000000~~01361784 6.~~51499967~~47573146 0.00000000 0.00000000 I-B5 197,564.00 7.~~81800~~81769% ~~1000~~994.~~00000000~~01363609 6.~~51500273~~47572432 0.00000000 0.00000000 I-B6 460,983.00 7.~~81800~~81769% ~~1000~~994.~~00000000~~01361872 6.~~51499079~~47574856 0.00000000 0.00000000 II-B1 362,600.00 5.~~44603~~38461% ~~1000~~995.~~00000000~~08764479 4.~~53836183~~46514065 0.00000000 0.00000000 II-B2 298,600.00 5.~~44603~~38461% ~~1000~~995.~~00000000~~08764233 4.~~53834561~~46513731 0.00000000 0.00000000 II-B3 213,300.00 5.~~44603~~38461% ~~1000~~995.~~00000000~~08766995 4.~~53834974~~46511955 0.00000000 0.00000000 II-B4 106,600.00 5.~~44603~~38461% ~~1000~~995.~~00000000~~08761726 4.~~53836773~~46510319 0.00000000 0.00000000 II-B5 64,000.00 5.~~44603~~38461% ~~1000~~995.~~00000000~~08765625 4.~~53843750~~46515625 0.00000000 0.00000000 II-B6 149,338.00 5.~~44603~~38461% ~~1000~~995.~~00000000~~08577857 4.~~53836264~~46510600 0.00000000 0.00000000 R-I 50.00 0.00000% ~~1000~~0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% ~~1000~~0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000% ~~1000~~0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 0.00000% ~~1000~~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.~~00601349~~00677826 0.00000000 1.~~25544490~~17329229 0.00000000 ~~944~~885.~~05643412~~39590021 I-S1 0.~~02576714~~02937248 0.00000000 5.~~37944123~~08426652 0.00000000 ~~944~~885.~~05643412~~39590021 I-F2 0.~~00680794~~00763588 0.00000000 1.~~42131701~~32175281 0.00000000 ~~938~~846.~~39213506~~97093997 I-S2 0.~~02298635~~02605205 0.00000000 4.~~79888876~~50950986 0.00000000 ~~938~~846.~~39213506~~97093997 I-I1 0.~~00308824~~00356633 0.00000000 0.~~64473281~~61731535 0.00000000 ~~943~~873.~~26383220~~98208886 I-I2 0.~~01119636~~01340661 0.00000000 2.~~33738625~~32061196 0.00000000 ~~994~~987.~~01361380~~98310356 I-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~930~~832.~~05038502~~38758053 II-A1 0.~~02163499~~02492837 0.00000000 4.~~51672544~~32622715 0.00000000 ~~969~~940.~~68635642~~75025011 I-B1 0.~~01986189~~02378720 0.00000000 4.~~14680034~~11793379 0.00000000 ~~994~~987.~~01361329~~98310676 I-B2 0.~~01986190~~02378974 0.00000000 4.~~14680393~~11793230 0.00000000 ~~994~~987.~~01361178~~98310625 I-B3 0.~~01986188~~02379477 0.00000000 4.~~14680479~~11793825 0.00000000 ~~994~~987.~~01361784~~98310829 I-B4 0.~~03106835~~03720306 0.00000000 6.~~48393132~~43855877 0.00000000 ~~994~~987.~~01361784~~98310829 I-B5 0.~~03107854~~03720313 0.00000000 6.~~48392420~~43852119 0.00000000 ~~994~~987.~~01363609~~98308396 I-B6 0.~~03106405~~03720311 0.00000000 6.~~48394843~~43854546 0.00000000 ~~994~~987.~~01361872~~98543547 II-B1 0.~~02162162~~02559294 0.00000000 4.~~51671263~~43954771 0.00000000 ~~995~~990.~~08764479~~10383343 II-B2 0.~~02163429~~02558607 0.00000000 4.~~51671132~~43955124 0.00000000 ~~995~~990.~~08764233~~10381782 II-B3 0.~~02161275~~02559775 0.00000000 4.~~51673699~~43956868 0.00000000 ~~995~~990.~~08766995~~10384435 II-B4 0.~~02166979~~02560976 0.00000000 4.~~51669794~~43958724 0.00000000 ~~995~~990.~~08761726~~10384615 II-B5 0.~~02156250~~02562500 0.00000000 4.~~51671875~~43953125 0.00000000 ~~995~~990.~~08765625~~10390625 II-B6 0.~~02162879~~02557956 0.00000000 4.~~51673385~~43952644 0.00000000 ~~995~~990.~~08577857~~10198342 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 40.~~60000000~~00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 911,~~810~~366,~~506~~884.2478 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 85147,~~484~~936.4787 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 911,~~895~~514,~~990~~821.7165 Withdrawals Reimbursement for Servicer Advances 085,484.0047 Payment of Service Fee 5047,~~120~~744.2201 Payment of Interest and Principal 911,~~845~~381,~~870~~593.4917 Total Withdrawals (Pool Distribution Amount) 911,~~895~~514,~~990~~821.7165 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 56,~~318~~068.0090 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 56,~~318~~068.0090

SERVICING FEES Gross Servicing Fee 4744,~~039~~839.5008 External Master Servicing Fee 1,~~627~~524.7174 Master Servicing Fee 1,~~453~~380.0119 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5047,~~120~~744.2201

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 2 0 0 2 ~~167~~164,~~541~~598.5646 0.00 0.00 ~~167~~164,~~541~~598.5646 30 Days 84216 0 0 0 84216 511,~~636~~276,~~938~~006.7051 0.00 0.00 0.00 511,~~636~~276,~~938~~006.7051 60 Days 3221 0 0 0 3221 1,~~750~~095,~~042~~841.1666 0.00 0.00 0.00 1,~~750~~095,~~042~~841.1666 90 Days 9 0 0 0 9 ~~484~~411,~~850~~437.2852 0.00 0.00 0.00 ~~484~~411,~~850~~437.2852 120 Days 24 0 0 0 24 38133,~~235~~766.6418 0.00 0.00 0.00 38133,~~235~~766.6418 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 10 0 0 0 10 ~~26,683~~0.2900 0.00 0.00 0.00 ~~26,683~~0.2900 Totals ~~128~~250 2 0 0 ~~130~~252 712,~~936~~917,~~750~~051.0787 ~~167~~164,~~541~~598.5646 0.00 0.00 813,~~104~~081,~~291~~650.6333 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.~~058754~~061275% 0.000000% 0.000000% 0.~~058754~~061275% 0.~~100700~~105486% 0.000000% 0.000000% 0.~~100700~~105486% 30 Days 26.~~467685~~617647% 0.000000% 0.000000% 0.000000% 26.~~467685~~617647% 37.~~388038~~226468% 0.000000% 0.000000% 0.000000% 37.~~388038~~226468% 60 Days 0.~~940071~~643382% 0.000000% 0.000000% 0.000000% 0.~~940071~~643382% 10.~~051849~~702293% 0.000000% 0.000000% 0.000000% 10.~~051849~~702293% 90 Days 0.~~264395~~275735% 0.000000% 0.000000% 0.000000% 0.~~264395~~275735% 0.~~291415~~263678% 0.000000% 0.000000% 0.000000% 0.~~291415~~263678% 120 Days 0.~~058754~~122549% 0.000000% 0.000000% 0.000000% 0.~~058754~~122549% 0.~~022981~~085727% 0.000000% 0.000000% 0.000000% 0.~~022981~~085727% 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.~~029377~~000000% 0.000000% 0.000000% 0.000000% 0.~~029377~~000000% 0.~~016038~~000000% 0.000000% 0.000000% 0.000000% 0.~~016038~~000000% Totals 37.~~760282~~659314% 0.~~058754~~061275% 0.000000% 0.000000% 37.~~819036~~720588% 48.~~770322~~278167% 0.~~100700~~105486% 0.000000% 0.000000% 48.~~871021~~383653%

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 2 0 0 2 ~~167~~164,~~541~~598.5646 0.00 0.00 ~~167~~164,~~541~~598.5646 30 Days 65171 0 0 0 65171 35,~~020~~979,~~779~~676.2118 0.00 0.00 0.00 35,~~020~~979,~~779~~676.2118 60 Days 2918 0 0 0 2918 1460,~~151,513~~134.6369 0.00 0.00 0.00 1460,~~151,513~~134.6369 90 Days 89 0 0 0 89 ~~339~~411,~~027~~437.0152 0.00 0.00 0.00 ~~339~~411,~~027~~437.0152 120 Days 24 0 0 0 24 38133,~~235~~766.6418 0.00 0.00 0.00 38133,~~235~~766.6418 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 10 0 0 0 10 ~~26,683~~0.2900 0.00 0.00 0.00 ~~26,683~~0.2900 Totals ~~105~~202 2 0 0 ~~107~~204 46,~~576~~985,~~238~~014.7857 ~~167~~164,~~541~~598.5646 0.00 0.00 47,~~743~~149,~~780~~613.3403 0-29 Days 0.~~079618~~083264% 0.000000% 0.000000% 0.~~079618~~083264% 0.~~210195~~219752% 0.000000% 0.000000% 0.~~210195~~219752% 30 Days 27.~~587580~~119067% 0.000000% 0.000000% 0.000000% 27.~~587580~~119067% 37.~~789817~~983351% 0.000000% 0.000000% 0.000000% 37.~~789817~~983351% 60 Days 10.~~154459~~749376% 0.000000% 0.000000% 0.000000% 10.~~154459~~749376% 10.~~444669~~614317% 0.000000% 0.000000% 0.000000% 10.~~444669~~614317% 90 Days 0.~~318471~~374688% 0.000000% 0.000000% 0.000000% 0.~~318471~~374688% 0.~~425337~~549302% 0.000000% 0.000000% 0.000000% 0.~~425337~~549302% 120 Days 0.~~079618~~166528% 0.000000% 0.000000% 0.000000% 0.~~079618~~166528% 0.~~047970~~178589% 0.000000% 0.000000% 0.000000% 0.~~047970~~178589% 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.~~039809~~000000% 0.000000% 0.000000% 0.000000% 0.~~039809~~000000% 0.~~033476~~000000% 0.000000% 0.000000% 0.000000% 0.~~033476~~000000% Totals 48.~~179936~~409659% 0.~~079618~~083264% 0.000000% 0.000000% 48.~~259554~~492923% 59.~~741270~~325559% 0.~~210195~~219752% 0.000000% 0.000000% 59.~~951465~~545312% 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 715 0 0 0 715 13,~~642~~331,~~465~~332.0741 0.00 0.00 0.00 13,~~642~~331,~~465~~332.0741 60 Days 1 0 0 0 1 ~~428~~418,~~510~~229.7367 0.00 0.00 0.00 ~~428~~418,~~510~~229.7367 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 816 0 0 0 816 23,~~070~~749,~~975~~562.8008 0.00 0.00 0.00 23,~~070~~749,~~975~~562.8008 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 39.~~846154~~036145% 0.000000% 0.000000% 0.000000% 39.~~846154~~036145% 38.~~640606~~168141% 0.000000% 0.000000% 0.000000% 38.~~640606~~168141% 60 Days 0.~~549451~~602410% 0.000000% 0.000000% 0.000000% 0.~~549451~~602410% 01.~~949816~~025463% 0.000000% 0.000000% 0.000000% 01.~~949816~~025463% 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 49.~~395604~~638554% 0.000000% 0.000000% 0.000000% 49.~~395604~~638554% 49.~~590422~~193605% 0.000000% 0.000000% 0.000000% 49.~~590422~~193605% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1230 0 0 0 1230 ~~973~~1,~~694~~964,997.4292 0.00 0.00 0.00 ~~973~~1,~~694~~964,997.4292 60 Days 2 0 0 0 2 ~~170~~217,~~017~~477.8030 0.00 0.00 0.00 ~~170~~217,~~017~~477.8030 90 Days 10 0 0 0 10 ~~145,823~~0.2700 0.00 0.00 0.00 ~~145,823~~0.2700 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 1532 0 0 0 1532 12,~~289~~182,~~535~~475.4922 0.00 0.00 0.00 12,~~289~~182,~~535~~475.4922 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 14.~~690141~~310345% 0.000000% 0.000000% 0.000000% 14.~~690141~~310345% 24.~~343161~~869726% 0.000000% 0.000000% 0.000000% 24.~~343161~~869726% 60 Days 0.~~281690~~287356% 0.000000% 0.000000% 0.000000% 0.~~281690~~287356% 0.~~409142~~538960% 0.000000% 0.000000% 0.000000% 0.~~409142~~538960% 90 Days 0.~~140845~~000000% 0.000000% 0.000000% 0.000000% 0.~~140845~~000000% 0.~~350919~~000000% 0.000000% 0.000000% 0.000000% 0.~~350919~~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 24.~~112676~~597701% 0.000000% 0.000000% 0.000000% 24.~~112676~~597701% 35.~~103221~~408686% 0.000000% 0.000000% 0.000000% 35.~~103221~~408686%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 85147,~~484~~936.4787

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 8.~~022326~~004261% Weighted Average Pass-Through Rate 7.~~677395~~658354% Weighted Average Maturity(Stepdown Calculation ) ~~190~~189 Beginning Scheduled Collateral Loan Count 3,~~519~~404 Number Of Loans Paid In Full ~~115~~140 Ending Scheduled Collateral Loan Count 3,~~404~~264 Beginning Scheduled Collateral Balance ~~174~~165,~~366~~630,~~144~~520.5324 Ending Scheduled Collateral Balance ~~165~~155,~~630~~299,~~520~~904.2428 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2003 ~~166~~156,~~377~~037,~~669~~590.3592 Monthly P &I Constant 2,~~173~~076,~~892~~317.2496 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 910,~~335~~688,~~388~~735.0435 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~165~~155,~~630~~299,~~520~~904.2428 Scheduled Principal 1971,~~008,208~~526.4634 Unscheduled Principal 79,~~727~~359,~~216~~088.2990

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.~~927169~~775928% Group 2 Senior Percentage 96.~~915320~~727848% Group 3 Senior Percentage 97.~~200217~~128269% Group 1 Subordinate Percentage 3.~~072831~~224072% Group 2 Subordinate Percentage 3.~~084680~~272152% Group 3 Subordinate Percentage 2.~~799783~~871731% 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.~~061929~~077478 8.~~126428~~142776 5.~~862061~~799408 Weighted Average Net Rate 8.~~750527~~765756 7.~~834281~~848158 5.~~478662~~416517 Weighted Average Maturity ~~175~~174 ~~243~~242 ~~158~~157 Beginning Loan Count 2,~~606~~512 ~~192~~182 ~~721~~710 Loans Paid In Full 94110 1016 1114 Ending Loan Count 2,~~512~~402 ~~182~~166 ~~710~~696 Beginning Scheduled Balance 8379,~~846~~232,~~040~~675.0006 4745,~~863~~004,~~467~~139.0025 4241,~~656~~393,~~438~~705.0093 Ending scheduled Balance 7974,~~232~~420,~~675~~259.0624 4540,~~004~~691,~~139~~490.2581 4140,~~393~~188,~~705~~154.9323 Record Date 0607/3031/2003 0607/3031/2003 0607/3031/2003 Principal And Interest Constant 1,~~298~~235,~~160~~630.3468 ~~457~~433,~~783~~345.4068 ~~417~~407,~~948~~341.5060 Scheduled Principal ~~664~~636,~~987~~271.9349 ~~133~~127,~~650~~963.8914 ~~209~~207,~~569~~291.6471 Unscheduled Principal 34,~~948~~175,~~377~~943.0161 24,~~725~~184,~~677~~735.1330 1998,~~053,162~~409.1599 Scheduled Interest ~~633~~599,~~172~~359.4119 ~~324~~305,~~132~~382.5154 ~~208~~200,~~378~~049.8689 Servicing Fees 2120,~~758~~582.1813 11,~~652~~049.6421 13,~~628~~207.6874 Master Servicing Fees ~~698~~660.7322 ~~398~~375.8704 ~~355~~344.4193 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 ~~377~~348.3172 ~~446~~420.0341 ~~804~~755.3761 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 ~~610~~577,~~338~~768.1912 ~~311~~293,~~634~~537.9788 ~~193~~185,~~590~~741.4061 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 8.~~735127~~750474 7.~~813098~~826948 5.~~446036~~384614

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 8.~~022326~~004261 Weighted Average Net Rate 7.~~698597~~679400 Weighted Average Maturity ~~190~~189 Beginning Loan Count 3,~~519~~404 Loans Paid In Full ~~115~~140 Ending Loan Count 3,~~404~~264 Beginning Scheduled Balance ~~174~~165,~~365~~630,~~945~~520.0024 Ending scheduled Balance ~~165~~155,~~630~~299,~~520~~904.2428 Record Date 0607/3031/2003 Principal And Interest Constant 2,~~173~~076,~~892~~317.2496 Scheduled Principal 1971,~~008,208~~526.4634 Unscheduled Principal 79,~~727~~359,~~216~~088.2990 Scheduled Interest 1,~~165~~104,~~683~~791.7862 Servicing Fees 4744,~~039~~839.5008 Master Servicing Fees 1,~~453~~380.0119 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 1,~~627~~524.7174 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,~~115~~057,~~563~~047.5661 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.~~677395~~658354

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