8-K 1 thb02004_jan.txt JAN. 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 26, 2004 THORNBURG MORTGAGE Home Loans, Inc. Mortgage Pass-Through Certificates, Series 2002-4 Trust (Exact name of registrant as specified in its charter) Delaware (governing law of 333-56240-09 90-0073156 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN 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 January 26, 2004 a distribution was made to holders of THORNBURG MORTGAGE Home Loans, Inc., Mortgage Pass-Through Certificates, Series 2002-4 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 2002-4 Trust, relating to the January 26, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THORNBURG MORTGAGE Home Loans, Inc. Mortgage Pass-Through Certificates, Series 2002-4 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 2/3/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-4 Trust, relating to the January 26, 2004 distribution. EX-99.1

Thornburg Mortgage Home Loans, Inc. Mortgage Pass-Through Certificates Record Date: 1112/3031/03 Distribution Date: 121/26/0304 THB Series: ~~2003~~2002-24 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-A ~~885220DC4~~885220CA9 SEN 12.~~45875~~72107% ~~775~~274,~~629~~736,~~732~~390.7339 ~~974~~622,~~304~~980.0647 102,~~445~~694,~~352~~027.2552 MII-A 885220CB7 SEN 4.51803% 88,934,760.74 334,841.67 2,271,821.16 III-A 885220CC5 SEN 5.00029% 115,541,447.75 481,451.03 4,803,623.81 IV-A 885220CD3 SEN 5.60764% 12,758,387.18 59,620.38 7,392.40 B-1 ~~885220DD2~~885220CE1 SUB 14.~~86875~~00808% 10,~~608~~350,~~900~~297.0062 1734,~~071~~570.8669 02,864.0075 MB-2 ~~885220DE0~~885220CF8 SUB 24.~~61875~~00808% 106,~~608~~037,~~900~~657.0001 2320,~~923~~166.4418 01,671.0010 B-IO3 ~~885220DH3~~885220CG6 ~~SEN~~SUB 04.~~00000~~00808% 693,881,336.7670 12,963.93 1,~~520~~074.27 B-4 885220CK7 SUB 4.00808% 1,~~375~~293,911.0371 04,321.0075 358.13 B-5 885220CL5 SUB 4.00808% 862,408.59 2,880.50 238.70 B-6 885220CM3 SUB 4.00808% 2,587,835.38 8,643.55 716.26 R-1I ~~885220DF7~~885220CH4 SEN 0.00000% 0.00 0.00 0.00 R-2II ~~885220DG5~~885220CJ0 SEN 0.00000% 0.00 0.00 0.00 Totals ~~796~~516,~~847~~984,~~602~~433.4907 21,~~535~~582,~~674~~440.3915 109,~~445~~783,~~352~~788.2510

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 ~~765~~272,~~184~~042,~~380~~362.4887 113,~~419~~317,~~656~~007.3199 0.00 MII-1A 0.00 1086,~~608~~662,~~900~~939.58 2,606,662.83 0.00 17III-A 0.00 110,~~071~~737,823.8693 5,285,074.84 0.00 MIV-2A 0.00 1012,~~608~~750,~~900~~994.78 67,012.78 0.00 23B-1 0.00 10,~~923~~347,432.87 37,435.44 0.00 B-IO2 0.00 696,035,985.7691 21,837.28 0.00 B-3 0.00 3,880,262.43 14,038.20 0.00 B-4 0.00 1,~~520~~293,~~375~~553.0358 4,679.88 0.00 B-5 0.00 862,169.89 3,119.20 0.00 B-6 0.00 2,587,119.12 9,359.81 0.00 R-1I 0.00 0.00 0.00 0.00 R-2II 0.00 0.00 0.00 0.00 Totals 0.00 ~~786~~507,~~402~~200,~~250~~644.2496 1211,~~981~~366,~~026~~228.6425 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-A 1328,~~039~~742,~~673~~400.00 274,~~900~~736,390.39 16,028.71 2,677,998.81 0.00 ~~775~~0.00 II-A 191,~~629~~023,~~732~~000.7300 88,934,760.74 29,047.00 2,242,774.16 0.00 100.00 III-A 305,~~445~~617,~~352~~600.00 115,541,447.75 55,785.29 4,747,838.52 0.00 0.00 IV-A 15,424,900.00 12,758,387.18 3,301.25 4,091.15 0.00 0.00 MB-1 10,~~608~~391,~~900~~000.00 10,~~608~~350,~~900~~297.62 2,864.75 0.00 0.00 0.00 B-2 6,061,400.00 6,037,657.01 1,671.10 0.00 0.00 M0.00 B-23 103,~~608~~896,~~900~~600.00 103,~~608~~881,~~900~~336.70 1,074.27 0.00 0.00 0.00 B-4 1,299,000.00 1,293,911.71 358.13 0.00 0.00 0.00 B-IO5 69865,800.7600 69862,408.7659 238.70 0.00 0.00 0.00 B-6 2,598,012.00 2,587,835.38 716.26 0.00 0.00 0.00 R-1I 50.00 0.00 0.00 0.00 0.00 0.00 R-2II 50.00 0.00 0.00 0.00 0.00 0.00 Totals 1865,~~060~~919,~~891,869~~812.7600 ~~796~~516,~~847~~984,~~602~~433.4907 0111,085.0046 109,~~445~~672,~~352~~702.2564 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-A 102,~~445~~694,~~352~~027.2552 ~~765~~272,~~184~~042,~~380~~362.4887 0.~~73598499~~82752442 102,~~445~~694,~~352~~027.2552 MII-1A 2,271,821.16 86,662,939.58 0.0045367804 102,~~608~~271,~~900~~821.0016 III-A 4,803,623.81 110,737,823.93 0.36234112 4,803,623.81 IV-A 7,392.40 12,750,994.78 0.82665008 7,392.40 B-1 2,864.~~00000000~~75 10,347,432.87 0.0099580722 M2,864.75 B-2 1,671.10 6,035,985.91 0.0099580722 1,671.10 B-3 1,~~608~~074.27 3,~~900~~880,262.0043 0.99580722 1,074.~~00000000~~27 B-4 358.13 1,293,553.58 0.0099580722 358.13 B-IO5 238.70 862,169.89 0.0099580722 69238.7670 1B-6 716.~~00000000~~26 2,587,119.12 0.0099580722 716.26 R-1I 0.00 0.00 0.00000000 0.00 R-2II 0.00 0.00 0.00000000 0.00 Totals 109,~~445~~783,~~352~~788.2510 ~~786~~507,~~402~~200,~~250~~644.2496 0.~~74126522~~58573627 109,~~445~~783,~~352~~788.2510

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 1328,~~039~~742,~~673,900~~400.00 ~~18650~~835.~~79359812~~71936687 0.~~00000000~~04875766 ~~251~~8.~~16895427~~14619231 0.00000000 MII-1A 10191,~~608~~023,~~900~~000.00 ~~25000~~465.~~00000000~~57095606 0.~~00000000~~15206022 11.74085927 0.00000000 III-A 305,617,600.00 378.05888061 0.18253298 15.53522611 0.00000000 MIV-2A 1015,~~608~~424,900.00 ~~25000~~827.~~00000000~~12932855 0.~~00000000~~21402084 0.~~00000000~~26523024 0.00000000 B-IO1 6910,391,000.7600 ~~10000000~~996.~~00000000~~08291983 0.~~00000000~~27569531 0.00000000 0.00000000 RB-12 506,061,400.00 996.08291979 0.27569538 0.00000000 0.00000000 B-3 3,896,600.00 996.08291844 0.27569419 0.00000000 0.00000000 RB-24 501,299,000.00 996.08291763 0.27569669 0.00000000 0.00000000 B-5 865,800.00 996.08291753 0.27569878 0.00000000 0.00000000 (B-6 2),598,012.00 ~~Classes~~996.08292033 A,0.27569542 ~~M-1,~~0.00000000 M0.00000000 R-2I ~~are~~50.00 ~~per~~0.00000000 ~~$25,000~~0.00000000 ~~Denomination~~0.00000000 ~~Class~~0.00000000 BR-IOII ~~are~~50.00 ~~per~~0.00000000 ~~$10,000,000~~0.00000000 ~~Denomination~~0.00000000 ~~Classes~~0.00000000 ~~R-1, R-~~(2) ~~are~~All ~~per~~Classes Are Per $~~50.00~~1000 Denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 ~~251~~8.~~16895427~~19494997 ~~18,399~~827.~~62464384~~52441690 0.~~73598499~~82752442 ~~251~~8.~~16895427~~19494997 MII-1A 0.00000000 11.89291949 453.67803657 0.45367804 11.89291949 III-A 0.00000000 ~~25,000~~15.71775909 362.34112149 0.36234112 15.71775909 IV-A 0.00000000 0.47925108 826.65007747 0.82665008 0.47925108 B-1 0.00000000 0.~~00000000~~27569531 M995.80722452 0.99580722 0.27569531 B-2 0.00000000 0.~~00000000~~27569538 ~~25,000~~995.~~00000000~~80722440 10.~~00000000~~99580722 0.~~00000000~~27569538 B-IO3 0.00000000 0.~~00000000~~27569419 ~~10,000,000~~995.80722425 0.99580722 0.27569419 B-4 0.00000000 10.27569669 995.80722094 0.99580722 0.27569669 B-5 0.00000000 0.27569878 995.80721876 0.99580722 0.27569878 B-6 0.00000000 0.27569542 995.80722491 0.99580722 0.27569542 R-1I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 1328,~~039~~742,~~673~~400.00 2.72107% 274,736,390.39 622,980.50 0.00 0.00 II-A 191,023,000.00 4.51803% 88,934,760.74 334,841.68 0.00 0.00 III-A 305,617,600.00 5.00029% 115,541,447.75 481,451.04 0.00 0.00 IV-A 15,424,900.00 15.~~45875~~60764% ~~775~~12,~~629~~758,~~732~~387.7318 ~~974~~59,~~304~~620.0638 0.00 0.00 MB-1 10,~~608~~391,~~900~~000.00 14.~~86875~~00808% 10,~~608~~350,~~900~~297.0062 1734,~~071~~570.8669 0.00 0.00 MB-2 106,~~608~~061,~~900~~400.00 24.~~61875~~00808% 106,~~608~~037,~~900~~657.01 20,166.18 0.00 230.00 B-3 3,~~923~~896,600.4400 4.00808% 3,881,336.70 12,963.93 0.00 0.00 B-IO4 691,299,000.7600 4.00808% 1,293,911.71 4,321.75 0.~~00000~~00 0.00 B-5 865,800.00 4.00808% 69862,408.7659 2,880.50 0.00 0.00 B-6 2,598,012.00 4.00808% 2,587,835.38 8,643.55 0.00 0.00 R-1I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-2II 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1865,~~060~~919,~~891,869~~812.7600 1,~~015~~582,~~299~~440.3620 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-A 0.02 0.00 622,980.47 0.00 ~~974~~272,~~304~~042,362.0687 II-A 0.01 0.00 ~~765~~334,~~184~~841.67 0.00 86,~~380~~662,939.4858 MIII-A 0.01 0.00 481,451.03 0.00 110,737,823.93 IV-A 0.00 0.00 59,620.38 0.00 12,750,994.78 B-1 0.00 0.00 1734,~~071~~570.8669 0.00 10,~~608~~347,~~900~~432.0087 MB-2 0.00 0.00 2320,~~923~~166.4418 0.00 106,~~608~~035,~~900~~985.91 B-3 0.00 0.00 12,963.93 0.00 3,880,262.43 B-IO4 0.00 0.00 4,321.75 0.00 1,~~520~~293,~~375~~553.0358 B-5 0.00 690.7600 2,880.50 0.00 862,169.89 B-6 0.00 0.00 8,643.55 0.00 2,587,119.12 R-1I 0.00 0.00 0.00 0.00 0.00 R-2II 0.00 0.00 0.00 0.00 0.00 Totals 0.0004 0.00 21,~~535~~582,~~674~~440.3915 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A 328,742,400.00 2.72107% 835.71936687 1.89504153 0.00000000 0.00000000 II-A 191,~~039~~023,~~673~~000.00 4.51803% 465.57095606 1.75288672 0.00000000 0.00000000 III-A 305,~~900~~617,600.00 5.00029% 378.05888061 1.~~45875~~57533807 0.00000000 0.00000000 IV-A 15,424,900.00 5.60764% ~~18650~~827.~~79359812~~12932855 233.~~42811674~~86520366 0.00000000 0.00000000 MB-1 10,~~608~~391,~~900~~000.00 14.~~86875~~00808% ~~25000~~996.~~00000000~~08291983 403.~~23004270~~32698393 0.00000000 0.00000000 MB-2 106,~~608~~061,~~900~~400.00 24.~~61875~~00808% ~~25000~~996.08291979 3.32698387 0.00000000 560.~~37587309~~00000000 B-3 3,896,600.00 4.00808% 996.08291844 3.32698506 0.00000000 0.00000000 B-IO4 691,299,000.7600 4.00808% 996.08291763 3.32698229 0.~~00000~~00000000 0.00000000 B-5 865,800.00 4.00808% ~~10000000~~996.08291753 3.32698083 0.00000000 0.00000000 B-6 2,598,012.00 4.00808% 996.08292033 3.32698617 0.00000000 0.00000000 R-1I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes A,Are ~~M-1,~~Per ~~M-2 are per~~ $~~25,000~~1000 Denomination. ~~Class B-IO are per $10,000,000 Denomination. Classes R-1, R-2 are per $50.00 Den~~

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-A 0.00000006 0.00000000 1.89504144 0.00000000 23827.~~42811674~~52441690 II-A 0.00000005 0.00000000 ~~18399~~1.~~62464384~~75288667 M0.00000000 453.67803657 III-A 0.00000003 0.00000000 1.57533804 0.00000000 362.34112149 IV-A 0.00000000 400.~~23004270~~00000000 3.86520366 0.00000000 ~~25000~~826.65007747 B-1 0.00000000 M0.00000000 3.32698393 0.00000000 995.80722452 B-2 0.00000000 0.00000000 563.~~37587309~~32698387 0.00000000 ~~25000~~995.80722440 B-3 0.00000000 0.00000000 3.32698506 0.00000000 995.80722425 B-IO4 0.00000000 0.00000000 ~~943668291~~3.~~28400000~~32698229 0.00000000 ~~10000000~~995.80722094 B-5 0.00000000 0.00000000 3.32698083 0.00000000 995.80721876 B-6 0.00000000 0.00000000 3.32698617 0.00000000 995.80722491 R-1I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1311,~~187~~518,~~490~~762.9810 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 355,~~916~~638.9970 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1311,~~223~~524,~~407~~400.9780 Withdrawals Reimbursement for Servicer Advances 259,~~004~~520.1621 Payment of Service Fee ~~217~~148,~~377~~652.1734 Payment of Interest and Principal 1211,~~981~~366,~~026~~228.6425 Total Withdrawals (Pool Distribution Amount) 1311,~~223~~524,~~407~~400.9780 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~201~~140,~~940~~035.5789 ~~External~~ Master Servicing Fee- ~~Washington Mutual 3,344.12 Master Servicing Fee-~~ Wells Fargo 118,~~659~~185.4161 Trustee Fee - Deutsche Bank ~~433~~430.0784 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~217~~148,~~377~~652.1734

Delinquency Status By Groups

~~OTHER~~DELINQUENT ~~ACCOUNTS~~BANKRUPTCY ~~Beginning~~FORECLOSURE ~~Current~~REO ~~Current~~Total ~~Ending~~Group ~~Account~~1 ~~Type~~No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance ~~Withdrawals~~Principal ~~Deposits~~Balance Principal Balance ~~Reserve~~Principal ~~Fund~~Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 ~~Financial~~30 ~~Guaranty~~Days 2 0 0 0 2 544,188.07 0.00 0.00 0.00 544,188.07 60 Days 0 0 0 0 0 0.00 ~~Yield~~0.00 ~~Maintence~~0.00 ~~Reserve~~0.00 ~~Fund~~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 2 0 0 0 2 544,188.07 0.00 0.00 0.00 544,188.07 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.321027% 0.000000% 0.000000% 0.000000% 0.321027% 0.193068% 0.000000% 0.000000% 0.000000% 0.193068% 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 0.321027% 0.000000% 0.000000% 0.000000% 0.321027% 0.193068% 0.000000% 0.000000% 0.000000% 0.193068% 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 3 0 0 0 3 897,848.34 0.00 0.00 0.00 897,848.34 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 3 0 0 0 3 897,848.34 0.00 0.00 0.00 897,848.34 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.140684% 0.000000% 0.000000% 0.000000% 1.140684% 0.972139% 0.000000% 0.000000% 0.000000% 0.972139% 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 1.140684% 0.000000% 0.000000% 0.000000% 1.140684% 0.972139% 0.000000% 0.000000% 0.000000% 0.972139% 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 1 0 0 0 1 318,878.00 0.00 0.00 0.00 318,878.00 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 1 0 0 0 1 318,878.00 0.00 0.00 0.00 318,878.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.308642% 0.000000% 0.000000% 0.000000% 0.308642% 0.266079% 0.000000% 0.000000% 0.000000% 0.266079% 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 0.308642% 0.000000% 0.000000% 0.000000% 0.308642% 0.266079% 0.000000% 0.000000% 0.000000% 0.266079% 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 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%

~~LOAN~~COLLATERAL ~~STATUS~~STATEMENT ~~STRATIFICATION/CREDIT~~Collateral ~~ENHANCEMENT~~Description ~~STATEMENT~~Mixed ~~DELINQUENCY~~ARM ~~STATUS~~Weighted ~~DELINQUENT~~Average ~~BANKRUPTCY~~Gross ~~FORECLOSURE~~Coupon ~~REO~~4.018131% ~~Total~~Weighted NoAverage ofNet ~~Loans~~Coupon No3.693085% ofWeighted ~~Loans~~Average NoPass-Through ofRate ~~Loans~~3.673085% NoWeighted ofAverage ~~Loans~~Maturity(Stepdown NoCalculation of) ~~Loans~~347 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~Principal~~Count ~~Balance~~1,258 ~~Principal~~Number ~~Balance~~Of ~~Principal~~Loans ~~Balance~~Paid ~~0-29~~In ~~Days~~Full 124 0Ending 0Scheduled 1Collateral ~~194,902.00~~Loan ~~0.00~~Count ~~0.00 194~~1,~~902.00~~234 30Beginning ~~Days~~Scheduled 27Collateral 0Balance ~~0 0 27 8~~516,~~596~~984,~~648~~433.6554 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 8Balance 507,~~596~~200,~~648~~645.6544 60Ending ~~Days~~Actual 5Collateral 0Balance 0at 031-Dec-2003 ~~5 2~~507,~~231~~277,~~806~~522.0221 ~~0.00~~Monthly ~~0.00~~P ~~0.00~~&I 2Constant 1,~~231~~842,~~806~~176.~~02 90 Days 0 0 0 0 0 0.~~00 ~~0.00~~Special ~~0.00~~Servicing ~~0.00~~Fee 0.00 ~~120~~Prepayment ~~Days~~Penalties 0 ~~0 0 0 0 0~~.00 ~~0.00~~Realized ~~0.00~~Loss ~~0.00~~Amount 0.00 ~~150~~Cumulative ~~Days~~Realized 0Loss 0 ~~0 0 0 0~~.00 ~~0.00~~Class ~~0.00~~A ~~0.00~~Optimal ~~0.00~~Amount ~~180+ Days 1 0 0 0 1 69~~11,~~696.19 0.00 0.00 0.00 69~~275,~~696~~758.1950 ~~Totals~~Ending 33Scheduled 1Balance 0for 0Premium 34Loans 10507,~~898~~200,~~150~~645.8644 ~~194,902.00~~Scheduled ~~0.00~~Principal ~~0.00 11~~111,~~093,052~~085.8646 NoUnscheduled ~~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~~9,672,702.053619% 0.000000% 0.000000% 0.053619% 0.024694% 0.000000% 0.000000% 0.024694% 30 Days 1.447721% 0.000000% 0.000000% 0.000000% 1.447721% 1.089208% 0.000000% 0.000000% 0.000000% 1.089208% 60 Days 0.268097% 0.000000% 0.000000% 0.000000% 0.268097% 0.282773% 0.000000% 0.000000% 0.000000% 0.282773% 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 0.053619% 0.000000% 0.000000% 0.000000% 0.053619% 0.008831% 0.000000% 0.000000% 0.000000% 0.008831% Totals 1.769437% 0.053619% 0.000000% 0.000000% 1.823056% 1.380812% 0.024694% 0.000000% 0.000000% 1.405507%64

~~OTHER~~Miscellaneous ~~INFORMATION~~Reporting ~~Current~~Senior ~~Period~~Percentage ~~Class~~Group A1 ~~Insufficient~~96.552218% ~~Funds~~Senior PrePayment Percentage Grp 1 100.000000% Subordinate Percentage Group 1 3.447782% Subordinate PrePayment Percentage Grp 1 0.00000000% ~~Principal~~Senior ~~Balance~~Percentage ofGroup ~~Contaminated~~2 ~~Properties~~94.001384% Senior PrePayment Percentage Grp 2 100.000000% Subordinate Percentage Group 2 5.998616% Subordinate PrePayment Percentage Grp 2 0.00000000% ~~Periodic~~Senior ~~Advance~~Percentage ~~35,916~~Group 3 92.99722452% Senior PrePayment Percentage Grp 3 100.000000% Subordinate Percentage Group 3 7.277548% Subordinate PrePayment Percentage Grp 3 0.000000% Senior Percentage Group 4 96.527010% Senior PrePayment Percentage Grp 4 100.000000% Subordinate Percentage Group 4 3.472990% Subordinate PrePayment Percentage Grp 4 0.000000%

~~COLLATERAL~~Group ~~STATEMENT~~Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM ~~Weighted~~Mixed ~~Average~~ARM ~~Gross~~Mixed ~~Coupon~~ARM ~~4.132161%~~ Weighted Average ~~Net~~ Coupon Rate 3.~~824040%~~115594 4.792551 5.293838 Weighted Average ~~Pass-Through~~Net Rate 32.~~805890%~~741058 4.538103 5.020245 Weighted Average Maturity~~(Stepdown~~ ~~Calculation~~347 )349 ~~324~~346 Beginning ~~Scheduled Collateral~~ Loan Count ~~1,892~~630 ~~Number~~270 Of334 Loans Paid In Full 277 ~~Ending~~7 ~~Scheduled~~10 ~~Collateral~~Ending Loan Count ~~1,865~~623 263 324 Beginning Scheduled ~~Collateral~~ Balance ~~799~~284,~~499~~546,~~831~~951.9100 ~~Ending~~94,610,054.98 ~~Scheduled~~124,610,000.38 ~~Collateral~~Ending scheduled Balance ~~789~~281,~~054~~852,~~479~~351.6611 ~~Ending~~92,336,380.21 ~~Actual~~119,801,998.12 ~~Collateral~~Record ~~Balance~~Date at12/31/2003 ~~30-Nov-~~12/31/2003 ~~789~~12/31/2003 Principal And Interest Constant 755,~~256~~378.36 408,~~481~~753.8451 ~~Monthly~~609,884.69 PScheduled &IPrincipal ~~Constant~~16,601.08 330,~~001~~900.61 60,~~591~~163.2374 ~~Special~~Unscheduled Principal 2,677,998.81 2,242,774.16 4,747,838.52 Scheduled Interest 738,777.28 377,852.90 549,720.95 Servicing Fees 88,810.83 20,061.10 28,410.32 Master Servicing Fees 4,505.34 1,497.99 1,972.99 Trustee Fee 237.13 78.84 103.85 FRY Amount 0.00 ~~Prepayment~~0.00 ~~Penalties~~ 0.00 ~~Realized~~Special ~~Loss~~Hazard ~~Amount~~Fee 0.00 ~~Cumulative~~0.00 ~~Realized~~0.00 ~~Loss~~Other Fee 0.00 ~~Ending~~0.00 ~~Scheduled~~0.00 ~~Balance~~Pool ~~for~~Insurance ~~Premium~~Fee ~~Loans~~0.00 ~~789,054,479~~0.6600 ~~Scheduled~~0.00 ~~Principal~~Spread ~~249,142.30~~Fee ~~Unscheduled~~1 ~~Principal~~0.00 ~~10,196,209~~0.9500 ~~Required~~0.00 ~~Overcollateralization~~Spread ~~Amount~~Fee 2 0.00 ~~Overcollateralized~~0.00 ~~Increase Amount~~ 0.00 ~~Overcollateralized~~Spread ~~reduction~~Fee ~~Amount~~3 0.00 ~~Specified~~0.00 ~~O/C~~0.00 ~~Amount~~Net 2Interest 645,~~652~~223.98 356,~~229~~214.4297 ~~Overcollateralized~~519,233.79 Realized Loss Amount ~~2,652,229~~0.4200 ~~Overcollateralized~~0.00 ~~Deficiency~~0.00 ~~Amount~~Cumulative Realized Loss 0.00 ~~Base~~0.00 ~~Overcollateralized~~0.00 ~~Amount~~Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 ~~Extra~~0.00 ~~principal~~0.00 ~~distribution~~Special ~~Amount~~Servicing Fee 0.00 ~~Excess~~0.00 ~~Cash~~0.00 ~~Amount~~Pass-Through ~~1,520,375~~Rate 2.03721058 4.518103 5.000245

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.877641 4.018131 Weighted Average Net Rate 5.627640 3.693085 Weighted Average Maturity 345 347 Beginning ~~Class~~Loan ~~B-IO~~Count ~~Notional~~24 ~~Amount~~1,258 ~~$796~~Loans Paid In Full 0 24 Ending Loan Count 24 1,~~847~~234 Beginning Scheduled Balance 13,~~602~~217,427.4918 516,984,433.54 Ending ~~Class~~scheduled ~~B-IO~~Balance ~~Notional~~13,209,916.00 ~~Amount $786~~507,~~402~~200,~~250~~645.2444 ~~Ending~~Record ~~Scheduled~~Date 12/31/2003 12/31/2003 Principal ~~Balance~~And ofInterest ~~the~~Constant T68,159.44 ~~$54~~1,~~570~~842,~~965~~176.4300 ~~Ending~~ Scheduled Principal ~~Balance~~3,420.03 of111,085.46 ~~the~~Unscheduled FPrincipal ~~$259~~4,~~330~~091.15 9,~~000~~672,702.3364 ~~Ending~~ Scheduled ~~Principal~~Interest ~~Balance~~64,739.41 of1,731,090.54 ~~the~~Servicing 7Fees ~~$62~~2,~~094~~753.64 140,~~288~~035.4889 Master Servicing Fees 209.29 8,185.61 Trustee Fee 11.02 430.84 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 61,765.46 1,582,438.20 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.607641 3.673085

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Coupon Rate 4.132161% Weighted Average Net Rate 3.824040% Weighted Average Pass Through Rate 3.805890% Weighted Average Maturity 324 Record Date 11/30/2003 Principal and Interest Constant 3,001,591.23 Beginning Loan Count 1,892 Loans Paid in Full 27 Ending Loan Count 1,865 Beginning Scheduled Balance 799,499,831.91 Ending Scheduled Balance 789,054,479.66 Ending Actual Balance at 30-Nov-2003 789,256,481.84 Scheduled Principal 249,142.30 Unscheduled Principal 10,196,209.95 Scheduled Interest 2,752,448.93 Servicing Fee 201,940.57 Master Servicing Fee 11,659.41 Trustee Fee 433.07 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 3,344.12 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,535,071.76 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 2,652,229.42 Overcollateralized Amount 2,652,229.42 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00

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