8-K 1 sam03cl1_dec.txt DECEMBER 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): December 27, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-CL1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-33 54-2121824 Pooling and Servicing Agreement) (Commission 54-2121825 (State or other File Number) 54-2121826 jurisdiction 54-2121827 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2003-CL1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-CL1 Trust, relating to the December 27, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-CL1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/30/2004 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 December 27, 2004 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~SAM~~Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Series: 2003-CL1 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 2.~~33250~~58000% 3735,~~050~~667,~~203~~155.0057 7176,~~429~~577.2103 1,~~383~~566,~~047~~425.4497 I-S1 86358HST7 SEN 5.~~66750~~42000% 0.00 ~~173~~160,~~558~~871.4312 0.00 I-F2 86358HSU4 SEN 2.~~53250~~78000% 1312,~~662~~868,~~993~~741.6843 2829,~~599~~770.5384 ~~794~~371,~~252~~916.2692 I-S2 86358HSV2 SEN 4.~~96750~~72000% 0.00 5650,~~097~~546.9919 0.00 I-I1 86358HSW0 SEN 0.~~91519~~92057% 0.00 4240,~~040~~822.5192 0.00 I-I2 86358HSX8 SEN 2.~~80450~~80385% 0.00 6,~~176~~169.5544 0.00 I-PO 86358HSY6 SEN 0.00000% 1,~~342~~259,~~759~~703.7217 0.00 8326,~~056~~200.5591 II-A1 86358HSZ3 SEN 4.~~85768~~90032% 26,~~800~~516,~~136~~055.0564 ~~107~~108,~~603~~129.9329 ~~284~~230,~~080~~284.4015 I-B1 86358HTA7 SUB 5.00000% 1,~~184~~175,~~250~~160.7069 4,~~894~~889.1565 98,~~090~~935.0140 I-B2 86358HTB5 SUB 5.00000% ~~888~~881,~~187~~370.8029 3,~~670~~667.6124 6,~~817~~701.5155 I-B3 86358HTC3 SUB 5.00000% ~~592~~587,~~125~~580.8079 2,~~447~~444.0882 4,~~545~~467.0170 I-B4 86358HTL3 SUB 7.~~80451~~80385% ~~296~~293,~~062~~790.9040 1,~~909~~907.8291 2,~~272~~233.5085 I-B5 86358HTM1 SUB 7.~~80451~~80385% ~~177~~176,~~637~~273.3888 1,~~145~~144.8975 1,~~363~~340.5031 I-B6 86358HTN9 SUB 7.~~80451~~80385% ~~382~~379,~~453~~517.4382 2,~~467~~464.1062 2,~~935~~885.6169 II-B1 86358HTD1 SUB 4.~~85768~~90032% ~~332~~330,~~561~~604.2077 1,~~335~~348.2517 1,~~956~~961.4365 II-B2 86358HTE9 SUB 4.~~85768~~90032% ~~273~~272,~~863~~252.1402 1,~~099~~110.5721 1,~~611~~615.1241 II-B3 86358HTF6 SUB 4.~~85768~~90032% ~~195~~194,~~629~~478.6376 ~~785~~793.4606 1,~~150~~153.8894 II-B4 86358HTP4 SUB 4.~~85768~~90032% 97,~~768~~193.9679 ~~392~~396.5534 ~~575~~576.1770 II-B5 86358HTQ2 SUB 4.~~85768~~90032% 58,~~698~~352.0674 ~~235~~237.6896 ~~345~~346.3224 II-B6 86358HTR0 SUB 4.~~85768~~90032% 136,~~966~~160.1740 ~~549~~555.9324 ~~805~~807.7691 R-I SAM03C1R1 RES 0.00000% 0.00 0.00 0.00 R-II SAM03C1R2 RES 0.00000% 0.00 0.00 0.00 R-III SAM03C1R3 RES 0.00000% 0.00 0.00 0.00 R-IV SAM03C1R4 RES 0.00000% 0.00 0.6100 0.00 Totals 8380,~~472~~894,~~297~~392.6216 ~~506~~493,~~439~~846.8580 2,~~577~~227,~~905~~854.4730

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-F1 0.00 3534,~~667~~100,~~155~~729.5760 1,~~454~~643,~~476~~003.6500 0.00 I-S1 0.00 0.00 ~~173~~160,~~558~~871.4312 0.00 I-F2 0.00 12,~~868~~496,~~741~~824.4351 ~~822~~401,~~851~~687.7976 0.00 I-S2 0.00 0.00 5650,~~097~~546.9919 0.00 I-I1 0.00 0.00 4240,~~040~~822.5192 0.00 I-I2 0.00 0.00 6,~~176~~169.5544 0.00 I-PO 0.00 1,~~259~~233,~~703~~502.1726 8326,~~056~~200.5591 0.00 II-A1 0.00 26,~~516~~285,~~055~~771.6449 ~~391~~338,~~684~~413.3344 0.00 I-B1 0.00 1,~~175~~166,~~160~~225.6929 13,~~984~~825.1605 0.00 I-B2 0.00 ~~881~~874,~~370~~668.2974 10,~~488~~368.1279 0.00 I-B3 0.00 ~~587~~583,~~580~~113.7909 6,~~992~~912.0952 0.00 I-B4 0.00 ~~293~~291,~~790~~556.4054 4,~~182~~141.3276 0.00 I-B5 0.00 ~~176~~174,~~273~~933.8857 2,~~509~~485.3906 0.00 I-B6 0.00 ~~379~~376,~~517~~632.8213 5,~~402~~350.7131 32,519.20 II-B1 0.00 ~~330~~328,~~604~~643.7712 3,~~291~~309.6882 0.00 II-B2 0.00 ~~272~~270,~~252~~636.0261 2,~~710~~725.6962 0.00 II-B3 0.00 ~~194~~193,~~478~~324.7681 1,~~936~~947.3400 0.00 II-B4 0.00 9796,~~193~~617.7909 ~~967~~973.7204 0.00 II-B5 0.00 58,~~352~~006.7451 ~~581~~584.0020 0.00 II-B6 0.00 ~~136~~135,~~160~~352.4049 1,~~355~~363.6915 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.6100 0.00 Totals 0.00 8078,~~894~~666,~~392~~537.1685 32,~~084~~721,~~345~~701.3210 32,519.20 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 3735,~~050~~667,~~203~~155.0057 ~~378~~366,~~699~~520.2283 1,~~004~~199,~~348~~905.2114 0.00 0.00 I-S1 0.00 0.00 0.00 0.00 0.00 0.00 I-F2 45,111,998.00 1312,~~662~~868,~~993~~741.6843 5246,~~825~~411.3684 ~~741~~325,~~426~~505.8908 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 1,~~342~~259,~~759~~703.7217 1615,~~721~~228.7569 6610,~~334~~972.8122 0.00 0.00 II-A1 41,462,000.00 26,~~800~~516,~~136~~055.0564 157,~~641~~311.7767 ~~126~~72,~~438~~972.6348 0.00 0.00 I-B1 1,317,095.00 1,~~184~~175,~~250~~160.7069 98,~~090~~935.0140 0.00 0.00 0.00 I-B2 987,821.00 ~~888~~881,~~187~~370.8029 6,~~817~~701.5155 0.00 0.00 0.00 I-B3 658,548.00 ~~592~~587,~~125~~580.8079 4,~~545~~467.0170 0.00 0.00 0.00 I-B4 329,274.00 ~~296~~293,~~062~~790.9040 2,~~272~~233.5085 0.00 0.00 0.00 I-B5 197,564.00 ~~177~~176,~~637~~273.3888 1,~~363~~340.5031 0.00 0.00 0.00 I-B6 460,983.00 ~~382~~379,~~453~~517.4382 2,~~935~~885.6169 0.00 0.00 0.00 II-B1 362,600.00 ~~332~~330,~~561~~604.2077 1,~~956~~961.4365 0.00 0.00 0.00 II-B2 298,600.00 ~~273~~272,~~863~~252.1402 1,~~611~~615.1241 0.00 0.00 0.00 II-B3 213,300.00 ~~195~~194,~~629~~478.6376 1,~~150~~153.8894 0.00 0.00 0.00 II-B4 106,600.00 97,~~768~~193.9679 ~~575~~576.1770 0.00 0.00 0.00 II-B5 64,000.00 58,~~698~~352.0674 ~~345~~346.3224 0.00 0.00 0.00 II-B6 149,338.00 136,~~966~~160.1740 ~~805~~807.7691 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 R-IV 50.00 0.00 0.00 0.00 0.00 0.00 Totals 174,366,144.53 8380,~~472~~894,~~297~~392.6216 ~~639~~618,~~356~~499.9238 1,~~938~~609,~~548~~354.5492 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 1,~~383~~566,~~047~~425.4497 3534,~~667~~100,~~155~~729.5760 0.~~44952944~~42978705 1,~~383~~566,~~047~~425.4497 I-S1 0.00 0.00 0.00000000 0.00 I-F2 ~~794~~371,~~252~~916.2692 12,~~868~~496,~~741~~824.4351 0.~~28526206~~27701776 ~~794~~371,~~252~~916.2692 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 8326,~~056~~200.5591 1,~~259~~233,~~703~~502.1726 0.~~38139208~~37345941 8326,~~056~~200.5591 II-A1 ~~284~~230,~~080~~284.4015 26,~~516~~285,~~055~~771.6449 0.~~63952669~~63397259 ~~284~~230,~~080~~284.4015 I-B1 98,~~090~~935.0140 1,~~175~~166,~~160~~225.6929 0.~~89223685~~88545267 98,~~090~~935.0140 I-B2 6,~~817~~701.5155 ~~881~~874,~~370~~668.2974 0.~~89223684~~88545267 6,~~817~~701.5155 I-B3 4,~~545~~467.0170 ~~587~~583,~~580~~113.7909 0.~~89223685~~88545268 4,~~545~~467.0170 I-B4 2,~~272~~233.5085 ~~293~~291,~~790~~556.4054 0.~~89223686~~88545266 2,~~272~~233.5085 I-B5 1,~~363~~340.5031 ~~176~~174,~~273~~933.8857 0.~~89223684~~88545266 1,~~363~~340.5031 I-B6 2,~~935~~885.6169 ~~379~~376,~~517~~632.8213 0.~~82327943~~81701956 2,~~935~~885.6169 II-B1 1,~~956~~961.4365 ~~330~~328,~~604~~643.7712 0.~~91176164~~90635168 1,~~956~~961.4365 II-B2 1,~~611~~615.1241 ~~272~~270,~~252~~636.0261 0.~~91176162~~90635167 1,~~611~~615.1241 II-B3 1,~~150~~153.8894 ~~194~~193,~~478~~324.7681 0.~~91176165~~90635166 1,~~150~~153.8894 II-B4 ~~575~~576.1770 9796,~~193~~617.7909 0.~~91176163~~90635169 ~~575~~576.1770 II-B5 ~~345~~346.3224 58,~~352~~006.7451 0.~~91176156~~90635172 ~~345~~346.3224 II-B6 ~~805~~807.7691 ~~136~~135,~~160~~352.4049 0.~~91175990~~90634996 ~~805~~807.7691 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 R-IV 0.00 0.00 0.00000000 0.00 Totals 2,~~577~~227,~~905~~854.4730 8078,~~894~~666,~~392~~537.1685 0.~~46393405~~45115718 2,~~577~~227,~~905~~854.4730

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 ~~466~~449.~~96061288~~52943509 4.~~77291905~~61942925 1215.~~65825873~~12295195 0.00000000 I-S1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-F2 45,111,998.00 ~~302~~285.~~86828972~~26205889 1.~~17098250~~02881367 167.~~43524833~~21548800 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 ~~406~~381.~~53857284~~39208475 54.~~06273481~~61069081 203.~~08375630~~32198724 0.00000000 II-A1 41,462,000.00 ~~646~~639.~~37827529~~52669046 3.~~80207829~~79411678 31.~~04950629~~75998456 0.00000000 I-B1 1,317,095.00 ~~899~~892.~~13840687~~23684700 6.~~90155987~~78417274 0.00000000 0.00000000 I-B2 987,821.00 ~~899~~892.~~13840665~~23684250 6.~~90156415~~78417446 0.00000000 0.00000000 I-B3 658,548.00 ~~899~~892.~~13840753~~23684530 6.~~90156222~~78416759 0.00000000 0.00000000 I-B4 329,274.00 ~~899~~892.~~13840753~~23686049 6.~~90154704~~78416759 0.00000000 0.00000000 I-B5 197,564.00 ~~899~~892.~~13840578~~23684477 6.~~90156101~~78418133 0.00000000 0.00000000 I-B6 460,983.00 ~~829~~823.~~64757919~~27942679 6.~~36815240~~25986208 0.00000000 0.00000000 II-B1 362,600.00 ~~917~~911.~~15719801~~76163817 5.~~39555985~~40995587 0.00000000 0.00000000 II-B2 298,600.00 ~~917~~911.~~15720027~~76162090 5.~~39557937~~40994642 0.00000000 0.00000000 II-B3 213,300.00 ~~917~~911.~~15719644~~76165026 5.~~39559306~~40993905 0.00000000 0.00000000 II-B4 106,600.00 ~~917~~911.~~15722326~~76163227 5.~~39559099~~40994371 0.00000000 0.00000000 II-B5 64,000.00 ~~917~~911.~~15718750~~76156250 5.~~39562500~~41000000 0.00000000 0.00000000 II-B6 149,338.00 ~~917~~911.~~15551300~~75990036 5.~~39554567~~40994255 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-F1 0.00000000 1719.~~43117791~~74238119 ~~449~~429.~~52943509~~78705389 0.~~44952944~~42978705 1719.~~43117791~~74238119 I-S1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-F2 0.00000000 178.~~60623105~~24430166 ~~285~~277.~~26205889~~01775723 0.~~28526206~~27701776 178.~~60623105~~24430166 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 257.~~14648809~~93267805 ~~381~~373.~~39208475~~45940670 0.~~38139208~~37345941 257.~~14648809~~93267805 II-A1 0.00000000 65.~~85158458~~55410135 ~~639~~633.~~52669046~~97258912 0.~~63952669~~63397259 65.~~85158458~~55410135 I-B1 0.00000000 6.~~90155987~~78417274 ~~892~~885.~~23684700~~45267426 0.~~89223685~~88545267 6.~~90155987~~78417274 I-B2 0.00000000 6.~~90156415~~78417446 ~~892~~885.~~23684250~~45266804 0.~~89223684~~88545267 6.~~90156415~~78417446 I-B3 0.00000000 6.~~90156222~~78416759 ~~892~~885.~~23684530~~45267771 0.~~89223685~~88545268 6.~~90156222~~78416759 I-B4 0.00000000 6.~~90154704~~78416759 ~~892~~885.~~23686049~~45266252 0.~~89223686~~88545266 6.~~90154704~~78416759 I-B5 0.00000000 6.~~90156101~~78418133 ~~892~~885.~~23684477~~45266344 0.~~89223684~~88545266 6.~~90156101~~78418133 I-B6 0.00000000 6.~~36815240~~25986208 ~~823~~817.~~27942679~~01956471 0.~~82327943~~81701956 6.~~36815240~~25986208 II-B1 0.00000000 5.~~39555985~~40995587 ~~911~~906.~~76163817~~35168229 0.~~91176164~~90635168 5.~~39555985~~40995587 II-B2 0.00000000 5.~~39557937~~40994642 ~~911~~906.~~76162090~~35167448 0.~~91176162~~90635167 5.~~39557937~~40994642 II-B3 0.00000000 5.~~39559306~~40993905 ~~911~~906.~~76165026~~35166432 0.~~91176165~~90635166 5.~~39559306~~40993905 II-B4 0.00000000 5.~~39559099~~40994371 ~~911~~906.~~76163227~~35168856 0.~~91176163~~90635169 5.~~39559099~~40994371 II-B5 0.00000000 5.~~39562500~~41000000 ~~911~~906.~~76156250~~35171875 0.~~91176156~~90635172 5.~~39562500~~41000000 II-B6 0.00000000 5.~~39554567~~40994255 ~~911~~906.~~75990036~~34995781 0.~~91175990~~90634996 5.~~39554567~~40994255 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-F1 79,343,315.00 2.~~33250~~58000% 3735,~~050~~667,~~203~~155.0057 7276,~~016~~684.3338 0.00 0.00 I-S1 0.00 5.~~66750~~42000% 3735,~~050~~667,~~203~~155.0057 ~~174~~161,~~985~~096.0265 0.00 0.00 I-F2 45,111,998.00 2.~~53250~~78000% 1312,~~662~~868,~~993~~741.6843 2829,~~834~~812.6158 0.00 0.00 I-S2 0.00 4.~~96750~~72000% 1312,~~662~~868,~~993~~741.6843 5650,~~559~~617.1005 0.00 0.00 I-I1 0.00 0.~~91519~~92057% 5553,~~576~~289,~~523~~144.3503 4240,~~386~~880.0715 0.00 0.00 I-I2 0.00 2.~~80450~~80385% 2,~~664~~644,~~564~~111.3077 6,~~227~~178.3209 0.00 0.00 I-PO 3,302,908.53 0.00000% 1,~~342~~259,~~759~~703.7217 0.00 0.00 0.00 II-A1 41,462,000.00 4.~~85768~~90032% 26,~~800~~516,~~136~~055.0564 108,~~488~~280.7394 0.00 0.00 I-B1 1,317,095.00 5.00000% 1,~~184~~175,~~250~~160.7069 4,~~934~~896.3850 0.00 0.00 I-B2 987,821.00 5.00000% ~~888~~881,~~187~~370.8029 3,~~700~~672.7838 0.00 0.00 I-B3 658,548.00 5.00000% ~~592~~587,~~125~~580.8079 2,~~467~~448.1925 0.00 0.00 I-B4 329,274.00 7.~~80451~~80385% ~~296~~293,~~062~~790.9040 1,~~925~~910.5258 0.00 0.00 I-B5 197,564.00 7.~~80451~~80385% ~~177~~176,~~637~~273.3888 1,~~155~~146.3135 0.00 0.00 I-B6 460,983.00 7.~~80451~~80385% ~~382~~379,~~453~~517.4382 2,~~487~~468.3808 0.00 0.00 II-B1 362,600.00 4.~~85768~~90032% ~~332~~330,~~561~~604.2077 1,~~346~~350.2306 0.00 0.00 II-B2 298,600.00 4.~~85768~~90032% ~~273~~272,~~863~~252.1402 1,~~108~~111.6277 0.00 0.00 II-B3 213,300.00 4.~~85768~~90032% ~~195~~194,~~629~~478.6376 ~~791~~794.9217 0.00 0.00 II-B4 106,600.00 4.~~85768~~90032% 97,~~768~~193.9679 ~~395~~396.7890 0.00 0.00 II-B5 64,000.00 4.~~85768~~90032% 58,~~698~~352.0674 ~~237~~238.6129 0.00 0.00 II-B6 149,338.00 4.~~85768~~90032% 136,~~966~~160.1740 ~~554~~556.4502 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 R-III 50.00 0.00000% 0.00 0.00 0.00 0.00 R-IV 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 174,366,144.53 ~~510~~494,~~602~~539.3519 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 ~~587~~107.1235 0.00 7176,~~429~~577.2103 0.00 3534,~~667~~100,~~155~~729.5760 I-S1 ~~1,426~~225.5953 0.00 ~~173~~160,~~558~~871.4312 0.00 3534,~~667~~100,~~155~~729.5760 I-F2 ~~235~~41.0874 0.00 2829,~~599~~770.5384 0.00 12,~~868~~496,~~741~~824.4351 I-S2 ~~461~~70.1186 0.00 5650,~~097~~546.9919 0.00 12,~~868~~496,~~741~~824.4351 I-I1 ~~345~~57.5623 0.00 4240,~~040~~822.5192 0.00 5351,~~289~~298,~~144~~035.0373 I-I2 508.7765 0.00 6,~~176~~169.5544 0.00 2,~~644~~624,~~111~~007.7712 I-PO 0.00 0.00 0.00 0.00 1,~~259~~233,~~703~~502.1726 II-A1 ~~884~~151.8065 0.00 ~~107~~108,~~603~~129.9329 0.00 26,~~516~~285,~~055~~771.6449 I-B1 406.2385 0.00 4,~~894~~889.1565 0.00 1,~~175~~166,~~160~~225.6929 I-B2 305.1714 0.00 3,~~670~~667.6124 0.00 ~~881~~874,~~370~~668.2974 I-B3 203.1143 0.00 2,~~447~~444.0882 0.00 ~~587~~583,~~580~~113.7909 I-B4 152.7067 0.00 1,~~909~~907.8291 0.00 ~~293~~291,~~790~~556.4054 I-B5 91.4260 0.00 1,~~145~~144.8975 0.00 ~~176~~174,~~273~~933.8857 I-B6 203.2846 0.00 2,~~467~~464.1062 0.00 ~~379~~376,~~517~~632.8213 II-B1 101.9889 0.00 1,~~335~~348.2517 0.00 ~~330~~328,~~604~~643.7712 II-B2 91.0456 0.00 1,~~099~~110.5721 0.00 ~~272~~270,~~252~~636.0261 II-B3 61.4611 0.00 ~~785~~793.4606 0.00 ~~194~~193,~~478~~324.7681 II-B4 30.2356 0.00 ~~392~~396.5534 0.00 9796,~~193~~617.7909 II-B5 10.9433 0.00 ~~235~~237.6896 0.00 58,~~352~~006.7451 II-B6 40.5278 0.00 ~~549~~555.9324 0.00 ~~136~~135,~~160~~352.4049 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 0.6100 0.00 0.00 Totals ~~4,163~~692.1139 0.00 ~~506~~493,~~439~~846.8580 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-F1 79,343,315.00 2.~~33250~~58000% ~~466~~449.~~96061288~~52943509 0.~~90765467~~96648823 0.00000000 0.00000000 I-S1 0.00 5.~~66750~~42000% ~~466~~449.~~96061288~~52943509 2.~~20541605~~03037458 0.00000000 0.00000000 I-F2 45,111,998.00 2.~~53250~~78000% ~~302~~285.~~86828972~~26205889 0.~~63917830~~66085701 0.00000000 0.00000000 I-S2 0.00 4.~~96750~~72000% ~~302~~285.~~86828972~~26205889 1.~~25374850~~12203077 0.00000000 0.00000000 I-I1 0.00 0.~~91519~~92057% ~~421~~404.~~96288344~~59603292 0.~~32181481~~31038116 0.00000000 0.00000000 I-I2 0.00 2.~~80450~~80385% ~~899~~892.~~13840695~~23684512 2.~~10136516~~08475284 0.00000000 0.00000000 I-PO 3,302,908.53 0.00000% ~~406~~381.~~53857284~~39208475 0.00000000 0.00000000 0.00000000 II-A1 41,462,000.00 4.~~85768~~90032% ~~646~~639.~~37827529~~52669046 2.~~61658217~~61157059 0.00000000 0.00000000 I-B1 1,317,095.00 5.00000% ~~899~~892.~~13840687~~23684700 3.~~74641161~~71765135 0.00000000 0.00000000 I-B2 987,821.00 5.00000% ~~899~~892.~~13840665~~23684250 3.~~74640750~~71765735 0.00000000 0.00000000 I-B3 658,548.00 5.00000% ~~899~~892.~~13840753~~23684530 3.~~74640877~~71764852 0.00000000 0.00000000 I-B4 329,274.00 7.~~80451~~80385% ~~899~~892.~~13840753~~23686049 5.~~84777419~~80240165 0.00000000 0.00000000 I-B5 197,564.00 7.~~80451~~80385% ~~899~~892.~~13840578~~23684477 5.~~84777591~~80242352 0.00000000 0.00000000 I-B6 460,983.00 7.~~80451~~80385% ~~829~~823.~~64757919~~27942679 5.~~39581720~~35395015 0.00000000 0.00000000 II-B1 362,600.00 4.~~85768~~90032% ~~917~~911.~~15719801~~76163817 3.~~71271373~~72327634 0.00000000 0.00000000 II-B2 298,600.00 4.~~85768~~90032% ~~917~~911.~~15720027~~76162090 3.~~71272605~~72327528 0.00000000 0.00000000 II-B3 213,300.00 4.~~85768~~90032% ~~917~~911.~~15719644~~76165026 3.~~71270511~~72325363 0.00000000 0.00000000 II-B4 106,600.00 4.~~85768~~90032% ~~917~~911.~~15722326~~76163227 3.~~71275797~~72326454 0.00000000 0.00000000 II-B5 64,000.00 4.~~85768~~90032% ~~917~~911.~~15718750~~76156250 3.~~71265625~~72328125 0.00000000 0.00000000 II-B6 149,338.00 4.~~85768~~90032% ~~917~~911.~~15551300~~75990036 3.~~71271880~~72323186 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-F1 0.~~00739974~~00135298 0.00000000 0.~~90025492~~96513525 0.00000000 ~~449~~429.~~52943509~~78705389 I-S1 0.~~01797996~~00284246 0.00000000 2.~~18743608~~02753212 0.00000000 ~~449~~429.~~52943509~~78705389 I-F2 0.~~00521103~~00092525 0.00000000 0.~~63396727~~65993175 0.00000000 ~~285~~277.~~26205889~~01775723 I-S2 0.~~01022145~~00157076 0.00000000 1.~~24352705~~12046002 0.00000000 ~~285~~277.~~26205889~~01775723 I-I1 0.~~00262365~~00043452 0.00000000 0.~~31919116~~30994665 0.00000000 ~~404~~389.~~59603292~~47861015 I-I2 0.~~01713198~~00291888 0.00000000 2.~~08423318~~08183396 0.00000000 ~~892~~885.~~23684512~~45267295 I-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~381~~373.~~39208475~~45940670 II-A1 0.~~02134002~~00365757 0.00000000 2.~~59524215~~60791303 0.00000000 ~~639~~633.~~52669046~~97258912 I-B1 0.~~03054449~~00520084 0.00000000 3.~~71586712~~71245051 0.00000000 ~~892~~885.~~23684700~~45267426 I-B2 0.~~03054197~~00520337 0.00000000 3.~~71586553~~71245398 0.00000000 ~~892~~885.~~23684250~~45266804 I-B3 0.~~03053688~~00520843 0.00000000 3.~~71587189~~71244010 0.00000000 ~~892~~885.~~23684530~~45267771 I-B4 0.~~04768066~~00810875 0.00000000 5.~~80009354~~79429290 0.00000000 ~~892~~885.~~23686049~~45266252 I-B5 0.~~04768075~~00809864 0.00000000 5.~~80009516~~79432488 0.00000000 ~~892~~885.~~23684477~~45266344 I-B6 0.~~04399295~~00750570 0.00000000 5.~~35182425~~34644445 0.00000000 ~~823~~817.~~27942679~~01956471 II-B1 0.~~03028130~~00521236 0.00000000 3.~~68243243~~71806398 0.00000000 ~~911~~906.~~76163817~~35168229 II-B2 0.~~03027461~~00522438 0.00000000 3.~~68241795~~71805090 0.00000000 ~~911~~906.~~76162090~~35167448 II-B3 0.~~03028598~~00520394 0.00000000 3.~~68241913~~71804970 0.00000000 ~~911~~906.~~76165026~~35166432 II-B4 0.~~03030019~~00525328 0.00000000 3.~~68245779~~71801126 0.00000000 ~~911~~906.~~76163227~~35168856 II-B5 0.~~03031250~~00515625 0.00000000 3.~~68250000~~71812500 0.00000000 ~~911~~906.~~76156250~~35171875 II-B6 0.~~03026691~~00522305 0.00000000 3.~~68245189~~71800881 0.00000000 ~~911~~906.~~75990036~~34995781 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 120.~~20000000~~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 32,~~105~~754,~~685~~055.6611 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 8981,~~675~~270.2469 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 32,~~195~~835,~~360~~325.9080 Withdrawals Reimbursement for Servicer Advances 8689,~~362~~675.8124 Payment of Service Fee 2423,~~652~~949.7746 Payment of Interest and Principal 32,~~084~~721,~~345~~701.3210 Total Withdrawals (Pool Distribution Amount) 32,~~195~~835,~~360~~325.9080 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~4,163~~692.1139 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~4,163~~692.1139

SERVICING FEES Gross Servicing Fee 2322,~~147~~480.7610 External Master Servicing Fee ~~809~~795.3322 Master Servicing Fee ~~695~~674.6814 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2423,~~652~~949.7746

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 87 01 0 8 ~~342~~311,~~948~~688.3275 0197,250.0042 0.00 ~~342~~508,~~948~~939.3217 30 Days ~~131~~107 2 0 0 ~~133~~109 54,~~091~~474,~~995~~294.2516 4923,~~076~~328.6008 0.00 0.00 54,~~141~~497,~~071~~622.8524 60 Days 2127 12 0 0 2229 ~~985~~876,~~889~~830.8575 1157,~~424~~372.7997 0.00 0.00 ~~997~~934,~~314~~203.6472 90 Days 106 0 12 0 118 ~~539~~250,~~104~~034.1782 0.00 2358,~~480~~249.8540 0.00 ~~562~~308,~~585~~284.0222 120 Days 23 0 31 0 54 ~~214~~116,~~228~~490.3757 0.00 7439,~~609~~256.2914 0.00 ~~288~~155,~~837~~746.6671 150 Days 0 0 03 0 03 0.00 0.00 067,628.0077 0.00 067,628.0077 180+ Days 0 76 5 1 1312 0.00 ~~316~~294,~~831~~015.9559 176,777.54 31,145.83 ~~524~~501,~~755~~938.3296 Totals ~~164~~143 1817 912 1 ~~192~~173 65,~~831~~717,~~217~~650.6430 ~~720~~686,~~281~~405.6639 ~~274~~539,~~867~~162.6827 31,145.83 76,~~857~~974,~~512~~363.8179 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.~~387034~~345679% 0.~~000000~~049383% 0.000000% 0.~~387034~~395062% 0.~~420915~~393362% 0.~~000000~~248937% 0.000000% 0.~~420915~~642298% 30 Days 65.~~337687~~283951% 0.~~096759~~098765% 0.000000% 0.000000% 65.~~434446~~382716% 65.~~249625~~646711% 0.~~060234~~029441% 0.000000% 0.000000% 65.~~309859~~676152% 60 Days 1.~~015965~~333333% 0.~~048379~~098765% 0.000000% 0.000000% 1.~~064344~~432099% 1.~~210025~~106590% 0.~~014022~~072407% 0.000000% 0.000000% 1.~~224047~~178997% 90 Days 0.~~483793~~296296% 0.000000% 0.~~048379~~098765% 0.000000% 0.~~532172~~395062% 0.~~661666~~315552% 0.000000% 0.~~028819~~073513% 0.000000% 0.~~690485~~389065% 120 Days 0.~~096759~~148148% 0.000000% 0.~~145138~~049383% 0.000000% 0.~~241896~~197531% 0.~~262932~~147015% 0.000000% 0.~~091571~~049543% 0.000000% 0.~~354503~~196558% 150 Days 0.000000% 0.000000% 0.~~000000~~148148% 0.000000% 0.~~000000~~148148% 0.000000% 0.000000% 0.~~000000~~085350% 0.000000% 0.~~000000~~085350% 180+ Days 0.000000% 0.~~338655~~296296% 0.~~241896~~246914% 0.~~048379~~049383% 0.~~628931~~592593% 0.000000% 0.~~388861~~371058% 0.~~216967~~223099% 0.~~038227~~039307% 0.~~644055~~633464% Totals 7.~~934204~~061728% 0.~~870827~~839506% 0.~~435414~~592593% 0.~~048379~~049383% 98.~~288824~~543210% 87.~~384248~~215868% 0.~~884033~~866267% 0.~~337357~~680441% 0.~~038227~~039307% 98.~~643864~~801883%

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 5 0 0 5 ~~228~~227,~~447~~850.7705 0.00 0.00 ~~228~~227,~~447~~850.7705 30 Days ~~101~~86 2 0 0 ~~103~~88 2,~~698~~606,~~867~~502.1406 4923,~~076~~328.6008 0.00 0.00 2,~~747~~629,~~943~~830.7414 60 Days 1923 12 0 0 2025 ~~860~~533,~~743~~351.5362 1157,~~424~~372.7997 0.00 0.00 ~~872~~590,~~168~~724.3259 90 Days 75 0 0 0 75 ~~232~~180,~~139~~741.6962 0.00 0.00 0.00 ~~232~~180,~~139~~741.6962 120 Days 13 0 30 0 43 7116,~~028~~490.7057 0.00 ~~74,609~~0.2900 0.00 81116,~~637~~490.9957 150 Days 0 0 03 0 03 0.00 0.00 067,628.0077 0.00 067,628.0077 180 Days 0 76 2 0 98 0.00 ~~316~~294,~~831~~015.9559 121,766.93 0.00 ~~438~~415,~~598~~782.8852 Totals ~~128~~117 15 5 0 ~~148~~137 3,~~798~~437,~~779~~085.0687 ~~605~~602,~~781~~566.1169 ~~196~~189,~~376~~395.2270 0.00 4,~~600~~229,~~936~~048.3926 0-29 Days 0.~~340136~~348675% 0.000000% 0.000000% 0.~~340136~~348675% 0.~~585223~~609120% 0.000000% 0.000000% 0.~~585223~~609120% 30 Days 65.~~870748~~997211% 0.~~136054~~139470% 0.000000% 0.000000% 76.~~006803~~136681% 6.~~913781~~968062% 0.~~125721~~062364% 0.000000% 0.000000% 7.~~039503~~030426% 60 Days 1.~~292517~~603905% 0.~~068027~~139470% 0.000000% 0.000000% 1.~~360544~~743375% 21.~~204996~~425829% 0.~~029267~~153377% 0.000000% 0.000000% 21.~~234264~~579207% 90 Days 0.~~476190~~348675% 0.000000% 0.000000% 0.000000% 0.~~476190~~348675% 0.~~594680~~483184% 0.000000% 0.000000% 0.000000% 0.~~594680~~483184% 120 Days 0.~~068027~~209205% 0.000000% 0.~~204082~~000000% 0.000000% 0.~~272109~~209205% 0.~~018006~~311419% 0.000000% 0.~~191129~~000000% 0.000000% 0.~~209135~~311419% 150 Days 0.000000% 0.000000% 0.~~000000~~209205% 0.000000% 0.~~000000~~209205% 0.000000% 0.000000% 0.~~000000~~180795% 0.000000% 0.~~000000~~180795% 180 Days 0.000000% 0.~~476190~~418410% 0.~~136054~~139470% 0.000000% 0.~~612245~~557880% 0.000000% 0.~~811639~~786003% 0.~~311935~~325524% 0.000000% 1.~~123574~~111527% Totals 8.~~707483~~158996% 1.~~020408~~046025% 0.~~340136~~348675% 0.000000% 109.~~068027~~553696% 9.~~731464~~188494% 1.~~551850~~610865% 0.~~503064~~506319% 0.000000% 11.~~786378~~305678% 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 01 0 01 0.00 0197,250.0042 0.00 0197,250.0042 30 Days 64 0 0 0 64 1,~~333~~015,~~800~~055.8056 0.00 0.00 0.00 1,~~333~~015,~~800~~055.8056 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 10 0 0 0 10 ~~198,150~~0.3500 0.00 0.00 0.00 ~~198,150~~0.3500 120 Days 10 0 0 0 10 ~~207,199~~0.6700 0.00 0.00 0.00 ~~207,199~~0.6700 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 84 0 01 0 85 1,~~739~~015,~~150~~055.8256 0.00 0197,250.0042 0.00 1,~~739~~212,~~150~~305.8298 0-29 Days 0.000000% 01.~~000000~~587302% 0.000000% 01.~~000000~~587302% 0.000000% 01.~~000000~~378998% 0.000000% 01.~~000000~~378998% 30 Days 96.~~230769~~349206% 0.000000% 0.000000% 0.000000% 96.~~230769~~349206% 97.~~083358~~096359% 0.000000% 0.000000% 0.000000% 97.~~083358~~096359% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 10.~~538462~~000000% 0.000000% 0.000000% 0.000000% 10.~~538462~~000000% 10.~~349430~~000000% 0.000000% 0.000000% 0.000000% 10.~~349430~~000000% 120 Days 10.~~538462~~000000% 0.000000% 0.000000% 0.000000% 10.~~538462~~000000% 10.~~411057~~000000% 0.000000% 0.000000% 0.000000% 10.~~411057~~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 126.~~307692~~349206% 0.000000% 01.~~000000~~587302% 0.000000% 127.~~307692~~936508% 117.~~843844~~096359% 0.000000% 01.~~000000~~378998% 0.000000% 118.~~843844~~475358% 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 32 0 0 32 ~~114~~83,~~500~~838.5570 0.00 0.00 ~~114~~83,~~500~~838.5570 30 Days 2417 0 0 0 2417 1852,~~059,327~~736.3154 0.00 0.00 0.00 1852,~~059,327~~736.3154 60 Days 24 0 0 0 24 ~~125~~343,~~146~~479.3213 0.00 0.00 0.00 ~~125~~343,~~146~~479.3213 90 Days 21 0 12 0 3 ~~108~~69,~~814~~293.1320 0.00 2358,~~480~~249.8540 0.00 ~~132~~127,~~294~~542.9860 120 Days 0 0 01 0 01 0.00 0.00 039,256.0014 0.00 039,256.0014 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 3 1 4 0.00 0.00 55,010.61 31,145.83 86,156.44 Totals 2822 32 46 1 3631 1,~~293~~265,~~287~~508.7687 ~~114~~83,~~500~~838.5570 78152,~~491~~516.4615 31,145.83 1,~~517~~533,~~425~~009.6055 0-29 Days 0.~~563910~~378788% 0.000000% 0.000000% 0.~~563910~~378788% 0.~~412514~~304570% 0.000000% 0.000000% 0.~~412514~~304570% 30 Days 43.~~511278~~219697% 0.000000% 0.000000% 0.000000% 43.~~511278~~219697% 3.~~816467~~097833% 0.000000% 0.000000% 0.000000% 3.~~816467~~097833% 60 Days 0.~~375940~~757576% 0.000000% 0.000000% 0.000000% 0.~~375940~~757576% 01.~~450868~~247796% 0.000000% 0.000000% 0.000000% 01.~~450868~~247796% 90 Days 0.~~375940~~189394% 0.000000% 0.~~187970~~378788% 0.000000% 0.~~563910~~568182% 0.~~392028~~251729% 0.000000% 0.~~084595~~211609% 0.000000% 0.~~476623~~463339% 120 Days 0.000000% 0.000000% 0.~~000000~~189394% 0.000000% 0.~~000000~~189394% 0.000000% 0.000000% 0.~~000000~~142610% 0.000000% 0.~~000000~~142610% 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.~~563910~~568182% 0.~~187970~~189394% 0.~~751880~~757576% 0.000000% 0.000000% 0.~~198188~~199843% 0.~~112210~~113147% 0.~~310398~~312990% Totals 54.~~263158~~166667% 0.~~563910~~378788% 01.~~751880~~136364% 0.~~187970~~189394% 65.~~766917~~871212% 4.~~659362~~597358% 0.~~412514~~304570% 0.~~282783~~554063% 0.~~112210~~113147% 5.~~466869~~569138%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8981,~~675~~270.2469

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.~~692451~~688877% Weighted Average Pass-Through Rate 7.~~338032~~333607% Weighted Average Maturity(Stepdown Calculation ) ~~174~~173 Beginning Scheduled Collateral Loan Count 2,~~124~~067 Number Of Loans Paid In Full 5742 Ending Scheduled Collateral Loan Count 2,~~067~~025 Beginning Scheduled Collateral Balance 8380,~~472~~894,~~296~~392.5616 Ending Scheduled Collateral Balance 8078,~~894~~666,~~392~~537.1686 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 8179,~~476~~237,~~812~~175.1883 Monthly P &I Constant 1,~~174~~136,~~430~~821.7093 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 32,519.2520 Class A Non-PO Optimal Amount 2,~~867~~615,~~820~~975.7098 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 8078,~~894~~666,~~392~~537.1686 Scheduled Principal ~~639~~618,~~356~~499.9339 Unscheduled Principal 1,~~936~~609,~~204~~354.8691

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 94.~~570080~~420660% Group 2 Senior Percentage 90.~~912413~~438741% Group 3 Senior Percentage 96.~~072390~~054401% Group 1 Subordinate Percentage 5.~~429920~~579340% Group 2 Subordinate Percentage 9.~~087587~~561259% Group 3 Subordinate Percentage 3.~~927610~~945599% 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.~~233744~~233558 8.~~067764~~092308 5.~~269436~~312222 Weighted Average Net Rate 8.~~917186~~917585 7.~~781625~~804171 4.~~887465~~930205 Weighted Average Maturity ~~159~~158 ~~227~~226 ~~142~~141 Beginning Loan Count 1,~~520~~470 6965 ~~535~~532 Loans Paid In Full 5036 2 4 3 Ending Loan Count 1,~~470~~434 6563 ~~532~~528 Beginning Scheduled Balance 4038,~~083~~650,~~777~~307.3141 1514,~~492~~638,~~746~~836.0462 27,~~895~~605,~~773~~248.2113 Ending scheduled Balance 3837,~~650~~038,~~307~~685.4103 14,~~638~~259,~~836~~350.6270 27,~~605~~368,~~248~~502.13 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~722~~698,~~117~~275.9842 ~~165~~152,~~730~~568.4565 ~~286~~285,~~582~~977.2786 Scheduled Principal ~~413~~400,~~699~~875.8853 6153,~~570~~850.6034 ~~164~~163,~~086~~773.4552 Unscheduled Principal 1,~~017~~210,~~427~~746.4185 ~~792~~325,~~338~~635.8258 ~~126~~72,~~438~~972.6348 Scheduled Interest ~~308~~297,~~418~~399.1089 ~~104~~98,~~159~~718.8531 122,~~495~~204.8234 Servicing Fees 10,~~574~~177.0605 3,~~694~~514.2399 8,~~879~~788.4706 Master Servicing Fees ~~334~~322.0411 ~~129~~121.1297 ~~232~~230.5206 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 ~~163~~152.8284 ~~185~~184.6492 ~~459~~457.8746 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 ~~297~~286,~~346~~747.1889 ~~100~~94,~~150~~896.8643 112,~~923~~728.9676 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 32,519.2520 0.00 0.00 Percentage of Cumulative Losses 0.0388 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.~~902262~~902839 7.~~757249~~779012 4.~~857679~~900319

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 7.~~692451~~688877 Weighted Average Net Rate 7.~~359678~~355404 Weighted Average Maturity ~~174~~173 Beginning Loan Count 2,~~124~~067 Loans Paid In Full 5742 Ending Loan Count 2,~~067~~025 Beginning Scheduled Balance 8380,~~472~~894,~~296~~392.5616 Ending scheduled Balance 8078,~~894~~666,~~392~~537.1686 Record Date 1011/3130/2004 Principal And Interest Constant 1,~~174~~136,~~430~~821.7093 Scheduled Principal ~~639~~618,~~356~~499.9339 Unscheduled Principal 1,~~936~~609,~~204~~354.8691 Scheduled Interest ~~535~~518,~~073~~322.7754 Servicing Fees 2322,~~147~~480.7610 Master Servicing Fees ~~695~~674.6814 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee ~~809~~795.3322 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest ~~510~~494,~~421~~373.0008 Realized Loss Amount 0.00 Cumulative Realized Loss 32,519.2520 Percentage of Cumulative Losses 0.~~0187~~0186 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.~~338032~~333607

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