Exhibit 10.1

THE BANK OF NEW YORK
101 Barclay Street, 8 West		Distribution Date: 12/15/03
New York, NY 10286
Officer: Trish O’Neill-Manella 212.815.3956
Associate: Cirino Emanuele 212.815.3087

GreenPoint Mortgage Securities Inc.

GreenPoint Home Equity Loan Trust 2003-1

Home Equity Loan Asset-Backed Notes

Series 2003-1

Certificateholder Monthly Distribution Summary

Principal Distribution Detail

Class	Cusip	Original Certificate Balance	Beginning Certificate Balance	Scheduled Principal Distribution	Accretion Principal	Unscheduled Principal Adjustments	Net Principal Distribution	Current Realized Losses	Ending Certificate Balance	Ending Certificate Factor
A	395385AP2	290,418,000.00	213,807,211.31	10,649,032.35	—	—	10,649,032.35	—	203,158,178.97	0.69953714634
R	N/A	—	—	—	—	—	—	—	—	0.00000000000
Totals		290,418,000.00	213,807,211.31	10,649,032.35	—	—	10,649,032.35	—	203,158,178.97

Interest Distribution Detail

Class	Beginning Certificate Balance	Pass Through Rate (%)	Accrued Optimal Interest	Cumulative Unpaid Interest	Deferred Interest	Total Interest Due	Net Prepayment Int Shortfall	Unscheduled Interest Adjustment	Interest Paid
A	213,807,211.31	1.390000	231,149.35	—	—	231,149.35	—	—	231,149.35
R	—	0.000000	—	—	—	—	—	—	—
Totals	213,807,211.31		231,149.35	—	—	231,149.35	—	—	231,149.35

Current Payment Information

Factors per $1,000

Class	Cusip	Original Certificate Balance	Beginning Cert. Notional Balance	Principal Distribution	Interest Distribution	Ending Cert. Notional Balance	Pass Through Rate (%)
A	395385AP2	290,418,000.00	736.205095114	36.667948773	0.795919508	699.537146341	1.390000
R	N/A	—	0.000000000	0.000000000	0.000000000	0.000000000	0.000000
Totals		290,418,000.00	736.205095114	36.667948773	0.795919508	699.537146341

Pool Level Data
Distribution Date		12/15/03
Cut-off Date		5/1/2003
Determination Date		12/1/2003
Accrual Period 30/360	Begin	11/1/2003
	End	12/1/2003
Number of Days in 30/360 Accrual Period		30

Accrual Period Actual Days	Begin	11/17/2003
	End	12/15/2003
Number of Days in Actual Accrual Period		28

Collateral Information

Group 1
Cut-Off Date Balance	287,542,470.48
Beginning Aggregate Pool Stated Principal Balance	217,381,944.01
Ending Aggregate Pool Stated Principal Balance	207,507,453.30

Beginning Aggregate Certificate Stated Principal Balance	213,807,211.13
Ending Aggregate Certificate Stated Principal Balance	203,158,178.97

Beginning Aggregate Loan Count	5165
Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement	225
Ending Aggregate Loan Count	4940

Beginning Weighted Average Loan Rate (WAC)	6.755422	%
Ending Weighted Average Loan Rate (WAC)	6.731667	%

Beginning Net Weighted Average Loan Rate	6.248422	%
Ending Net Weighted Average Loan Rate	6.224667	%

Weighted Average Maturity (WAM) (Months)	207

Aggregate Pool Prepayment	8,035,983.54
Pool Prepayment Rate	36.8659 CPR

Certificate Account

Beginning Balance	0.00

Deposit
Payments of Interest and Principal	10,999,199.66
Liquidation Proceeds	0.00
All Other Proceeds	0.00
Other Amounts	0.00
Total Deposits	10,999,199.66

Withdrawals
Reimbursement of Servicer Advances	0.00
Payment of Master Servicer Fees	90,575.81
Payment of Sub Servicer Fees	0.00
Payment of Other Fees	0.00
Payment of Insurance Premium(s)	0.00
Payment of Personal Mortgage Insurance	0.00
Other Permitted Withdrawal per the Pooling and Service Agreement	28,442.15
Payment of Principal and Interest	10,880,181.70
Total Withdrawals	10,999,199.66

Ending Balance	0.00

Delinquency Information

Group 1

Delinquency	30-59 Days		60-89 Days		90-179 Days		180-269 Days		270+ Days		Totals
Scheduled Principal Balance	3,220,605.85		620,589.68		1,033,381.98		602,661.82		0.00		5,477,239.33
Percentage of Total Pool Balance	1,552043	%	0.299069	%	0.497998	%	0.290429	%	0.000000	%	2.639539	%
Number of Loans	91		16		29		6		0		142
Percentage of Total Loans	1.842105	%	0.323887	%	0.587045	%	0.121457	%	0.000000	%	2.874494	%

Foreclosure
Scheduled Principal Balance											910,408.42
Percentage of Total Pool Balance											0.438735	%
Number of Loans											11
Percentage of Total Loans											0.222672	%

Bankruptcy
Scheduled Principal Balance											174,031.89
Percentage of Total Pool Balance											0.083868	%
Number of Loans											6
Percentage of Total Loans											0.121457	%

REO
Scheduled Principal Balance											0.00
Percentage of Total Pool Balance											0.000000	%
Number of Loans											0
Percentage of Total Loans											0.000000	%

Book Value of all REO Loans											0.00
Percentage of Total Pool Balance											0.000000	%

Current Realized Losses											71,272.51
Additional Gains (Recoveries)/Losses											0.00
Total Realized Losses											228,199.87

Reserve Fund Information

OVERCOLLATERALIZATION REPORTING

Ending Overcollateralization Amount		4,349,274.33
Specified Overcollateralization Amount		7,730,957.40

Overcollateralization Reduction Amount		0.00

Excess Interest used as Accelerated Principal		845,814.15

ADDITIONAL REPORTING ITEMS

Cumulative losses as percentage of original Pool Balance	0.07936214	%
Cumulative losses as percentage of current Pool Balance	0.10997189	%

12-month rolling average of cumulative losses as percentage of original Pool Balance	0.13393751	%
3-month rolling average of Mortgage Loans 60+ days delinquent	0.00991178

Relief Act Shortfall	0.00
Gross Prepayment Interest Shortfall	0.00
Net Prepayment Interest Shortfall	0.00

Total outstanding principal balance of 3 largest Mortgage Loans	1,059,123.97

Draw Amount	2,048,837.10

GREENPOINT MORTGAGE SECURITIES INC/ 8-K