THE BANK OF NEW YORK          

101 Barclay Street, 8 West

   Distribution Date: 8/15/03

New York, NY 10286

    

Officer: Trish O’Neill-Manella        212.815.3956

              

Associate: Cirino Emanuel               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

Class

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   Cusip

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   Class
Description

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   Certificate
Rate Type

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   Beginning
Balance

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   Pass
Through
Rate (%)

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   Principal
Distribution

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   Interest
Distribution

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   Total
Distribution

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   Current
Realized
Losses

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   Ending Balance

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   Cumulative
Realized
Losses

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A

   395385AP2    Senior    Var-Act/360    267,381,776.02    1.376880   
13,230,199.53    317,020.31    3,547,219.84    —      254,151,576.49    —  

R

        Senior    Fix-30/360    —      0.000000    —      —      —      —     
—      —       

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Totals

                  267,381,776.02         13,230,199.53    317,020.31   
13,547,219.84    —      254,151,576.49    —       

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Principal Distribution Detail

Class

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   Cusip

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   Original
Certificate
Balance

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   Beginning
Certificate
Balance

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   Scheduled
Principal
Distribution

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   Accretion
Principal

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   Unscheduled
Principal
Adjustments

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   Net Principal
Distribution

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   Current
Realized
Losses

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   Ending
Certificate
Balance

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   Ending
Certificate Factor

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A

   395385AP2    290,418,000.00    267,381,776.02    13,230,199.53    —      —  
   13,230,199.53    —      254,151,576.49    0.87512336181

R

        —      —      —      —      —      —      —      —      0.00000000000  
  

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Totals

        290,418,000.00    267,381,776.02    13,230,199.53    —      —     
13,230,199.53    —      254,151,576.49          

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Interest Distribution Detail

Class

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   Beginning
Certificate
Balance

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   Pass
Through
Rate (%)

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   Accrued
Optimal
Interest

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   Cumulative
Unpaid
Interest

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   Deferred
Interest

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   Total
Interest Due

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   Net
Prepayment
Int
Shortfall

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   Unscheduled
Interest
Adjustment

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   Interest Paid

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A

   267,381,776.02    1.376880    317,020.31    —      —      317,020.31    —  
   —      317,020.31

R

   —      0.000000    —      —      —      —      —      —      —       

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Totals

   267,381,776.02         317,020.31    —      —      317,020.31    —      —  
   317,020.31     

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Current Payment Information

Factors per $1,000

 

Class

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   Cusip

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   Original
Certificate
Balance

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Beginning Cert.
Notional

Balance

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   Principal
Distribution

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   Interest
Distribution

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Ending Cert.
Notional

Balance

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   Pass
Through
Rate (%)

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A

   395385AP2    290,418,000.00    920.679076421    45.555714616    1.091600078
   875.123361805    1.376880

R

        —      0.000000000    0.000000000    0.000000000    0.000000000   
0.000000

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Totals

        290,418,000.00    920.679076435    45.555714625    1.091600073   
875.123361810     

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Pool Level Data                              

Distribution Date

                            8/15/2003

Cut-off Date

                            5/1/2003

Determination Date

                            8/1/2003

Accrual Period 30/360

   Begin                        7/1/2003      End                       
8/1/2003

Number of Days in 30/360 Accrual Period

                            30

Accrual Period Actual Days

   Begin                        7/15/2003      End                       
8/15/2003

Number of Days in Actual Accrual Period

                            31

 

Collateral Information  

Group 1

      

Cut-Off Date Balance

   287,542,470.48  

Beginning Aggregate Pool Stated Principal Balance

   267,060,807.64  

Ending Aggregate Pool Stated Principal Balance

   254,929,274.35  

Beginning Aggregate Certificate Stated Principal Balance

   267,381,776.02  

Ending Aggregate Certificate Stated Principal Balance

   254,151,576.49  

Beginning Aggregate Loan Count

   6368  

Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement

   307  

Ending Aggregate Loan Count

   6061  

Beginning Weighted Average Loan Rate (WAC)

   7.085946 %

Ending Weighted Average Loan Rate (WAC)

   7.068479 %

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Beginning Net Weighted Average Loan Rate

   6.578946%

Ending Net Weighted Average Loan Rate

   6.561479%

Weighted Average Maturity (WAM) (Months)

   209

Aggregate Pool Prepayment

   9,544,478.83

Pool Prepayment Rate

   35.6653 CPR

Certificate Account

    

Beginning Balance

   —  

Deposit

    

Payments of Interest and Principal

   13,697,888.67

Liquidation Proceeds

   —  

All Other Proceeds

   —  

Other Amounts

   —  

Total Deposits

   13,697,888.67

Withdrawals

    

Reimbursement of Servicer Advances

   —  

Payment of Master Servicer Fees

   111,275.34

Payment of Sub Servicer Fees

   —  

Payment of Other Fees

   —  

Payment of Insurance Premium(s)

   —  

Payment of Personal Mortgage Insurance

   —  

Other Permitted Withdrawal per the Pooling and Service Agreement

   39,393.49

Payment of Principal and Interest

   13,547,219.84

Total Withdrawals

   13,697,888.67

Ending Balance

   —  

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Delinquency Information                                         

Group 1

                                    

Delinquency

   30-59 Days     60-89 Days     90-179 Days     180-269 Days     270+ Days    
Totals  

Scheduled Principal Balance

   3,002,406.72     537,146.15     885,272.54     —       —       4,424,825.41  

Percentage of Total Pool Balance

   1.177741 %   0.210704 %   0.347262 %   0.000000 %   0.000000 %   1.735707 %

Number of Loans

   75     12     14     0     0     101  

Percentage of Total Loans

   1.237420 %   0.197987 %   0.230985 %   0.000000 %   0.000000 %   1.666392 %

Foreclosure

                                    

Scheduled Principal Balance

                                 41,452.31  

Percentage of Total Pool Balance

                                 0.016260 %

Number of Loans

                                 1  

Percentage of Total Loans

                                 0.016499 %

Bankruptcy

                                    

Scheduled Principal Balance

                                 80,757.94  

Percentage of Total Pool Balance

                                 0.031679 %

Number of Loans

                                 4  

Percentage of Total Loans

                                 0.065996 %

REO

                                    

Scheduled Principal Balance

                                 —    

Percentage of Total Pool Balance

                                 0.000000 %

Number of Loans

                                 0  

Percentage of Total Loans

                                 0.000000 %

Book Value of all REO Loans

                                 —    

Percentage of Total Pool Balance

                                 0.000000 %

Current Realized Losses

                                 —    

Additional Gains (Recoveries)/Losses

                                 —    

Total Realized Losses

                                 —    

 

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Reserve Fund Information       

Demand Note Reserve Account

    

Beginning Balance

    

Deposits

   2,875,529.52

Accrued Interest

   —  

Withdrawals

   —  

Ending Balance

   —        2,875,529.52

 

OVERCOLLATERALIZATION REPORTING       

Ending Overcollateralization Amount

   777,697.86

Specified Overcollateralization Amount

   7,188,561.76

Overcollateralization Reduction Amount

   —  

Excess Interest used as Accelerated Principal

   1,098,666.24

 

\ADDITIONAL REPORTING ITEMS           

Cumulative losses as percentage of originial Pool Balance

   0.00000000 %

Cumulative losses as percentage of current Pool Balance

   0.00000000 %

12-month rolling average of cumulative losses as percentage of original Pool
Balance

   0.00000000 %

3-month rolling average of Mortgage Loans 60+ days delinquent

   0.00454193  

Relief Act Shortfall

   —    

Gross Prepayment Interest Shortfall

   —    

Net Prepayment Interest Shortfall

   —    

Total outstanding principal balance of 3 largest Mortgage Loans

   1,218,799.44  

Draw Amount

   3,823,195.45