MONTHLY PAYMENT DATE STATEMENT


 Exhibit 10.1 
  

							
	THE BANK OF NEW YORK	 	 	  	 
	 101 Barclay Street, 8 West
	 	 	  	Distribution Date: 2/17/04
	 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 
  

																							
	 Class

	 	Cusip

	 	Class
Description

	 	Certificate
Rate Type

	 	Beginning
Balance

	 	Pass
Through
Rate (%)

	 	Principal
Distribution

	 	Interest
Distribution

	 	Total
Distribution

	 	Current
Realized
Losses

	  	Ending
Balance

	  	 Cumulative
 Realized
Losses


	 A
	 	395385AP2	 	Senior	 	Var-Act/360	 	191,047,787.00	 	1.370000	 	10,188,089.59	 	239,924.18	 	10,428,013.77	 	0.00	  	180,859,697.41	  	0.00
	 R
	 	N/A	 	Senior	 	Fix-30/360	 	0.00	 	0.000000	 	0.00	 	0.00	 	0.00	 	0.00	  	0.00	  	0.00
	 	 	 	 	 	 	 	 	
	 	 	 	
	 	
	 	
	 	
	  	
	  	

	 Totals
	 	 	 	 	 	 	 	191,047,787.00	 	 	 	10,188,089.59	 	239,924.18	 	10,428,013.77	 	0.00	  	180,859,697.41	  	0.00
	 	 	 	 	 	 	 	 	
	 	 	 	
	 	
	 	
	 	
	  	
	  	


  
 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	 	191,047,787.00	 	10,188,089.59	 	0.00	 	0.00	 	10,188,089.59	 	0.00	  	180,859,697.41	  	0.62275650068
	 R
	 	N/A	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	  	0.00	  	0.00000000000
	 	 	 	 	
	 	
	 	
	 	
	 	
	 	
	 	
	  	
	  	 
	 Totals
	 	 	 	290,418,000.00	 	191,047,787.00	 	10,188,089.59	 	0.00	 	0.00	 	10,188,089.59	 	0.00	  	180,859,697.41	  	 
	 	 	 	 	
	 	
	 	
	 	
	 	
	 	
	 	
	  	
	  	 

  
 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
	 	203,158,178.97	 	1.370000	 	239,924.18	 	0.00	 	0.00	 	239,924.18	 	0.00	 	0.00	 	239,924.18
	 R
	 	0.00	 	0.000000	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00
	 	 	
	 	 	 	
	 	
	 	
	 	
	 	
	 	
	 	

	 Totals
	 	203,158,178.97	 	 	 	239,924.18	 	0.00	 	0.00	 	239,924.18	 	0.00	 	0.00	 	239,924.18
	 	 	
	 	 	 	
	 	
	 	
	 	
	 	
	 	
	 	








 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	 	657.837279382	 	35.080778701	 	0.826133983	 	622.756500681	 	1.370000
	 R
	 	N/A	 	0.00	 	0.000000000	 	0.000000000	 	0.000000000	 	0.000000000	 	0.000000
	 	 	 	 	
	 	
	 	
	 	
	 	
	 	 
	 Totals
	 	 	 	290,418,000.00	 	657.837279370	 	35.080778705	 	0.826133986	 	622.756500665	 	 
	 	 	 	 	
	 	
	 	
	 	
	 	
	 	 

  

					
	 Pool Level Data
	  	 	  	 
	 Distribution Date
	  	 	  	2/17/04
	 Cut-off Date
	  	 	  	5/1/03
	 Determination Date
	  	 	  	2/1/04
	 Accrual Period 30/360
	  	Begin	  	1/1/04
	 	  	End	  	2/1/04
	 Number of Days in 30/360 Accrual Period
	  	 	  	30
			
	 Accrual Period Actual Days
	  	Begin	  	1/15/04
	 	  	End	  	2/17/04
	 Number of Days in Actual Accrual Period
	  	 	  	33







 Collateral Information 
  
 Group 1 
  

				
	 Cut-Off Date Balance
	  	287,542,470.48	 
		
	 Beginning Aggregate Pool Stated Principal Balance
	  	196,113,164.53	 
	 Ending Aggregate Pool Stated Principal Balance
	  	186,527,856.68	 
		
	 Beginning Aggregate Certificate Stated Principal Balance
	  	191,047,787.00	 
	 Ending Aggregate Certificate Stated Principal Balance
	  	180,859,697.41	 
		
	 Beginning Aggregate Loan Count
	  	4,689	 
	 Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement
	  	223	 
	 Ending Aggregate Loan Count
	  	4,466	 
		
	 Beginning Weighted Average Loan Rate (WAC)
	  	6.703327	%
	 Ending Weighted Average Loan Rate (WAC)
	  	6.678291	%
		
	 Beginning Net Weighted Average Loan Rate
	  	6.196327	%
	 Ending Net Weighted Average Loan Rate
	  	6.171291	%
		
	 Weighted Average Maturity (WAM) (Months)
	  	206	 
		
	 Aggregate Pool Prepayment
	  	7,026,008.30	 
	 Pool Prepayment Rate
	  	36.7979 CPR	 
		
	 Certificate Account
	  	 	 
		
	 Beginning Balance
	  	0.00	 
		
	 Deposit
	  	 	 
	 Payments of Interest and Principal
	  	10,537,599.48	 
	 Liquidation Proceeds
	  	165.70	 
	 All Other Proceeds
	  	0.00	 
	 Other Amounts
	  	0.00	 
	 Total Deposits
	  	10,537,765.18	 
		
	 Withdrawals
	  	 	 
	 Reimbursement of Servicer Advances
	  	0.00	 
	 Payment of Master Servicer Fees
	  	81,713.82	 
	 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
	  	28,037.59	 
	 Payment of Principal and Interest
	  	10,428,013.77	 
	 Total Withdrawals
	  	10,537,765.18	 
		
	 Ending Balance
	  	0.00	 







 Delinquency Information 
  
 Group 1 
  

																			
	 	 	30-59 Days

	 	 	60-89 Days

	 	 	90-179 Days

	 	 	180-269 Days

	 	 	270+ Days

	 	 	Totals

	 
	 Delinquency
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	 	1,518,078.81	 	 	515,063.00	 	 	1,127,040.30	 	 	382,778.93	 	 	381,301.02	 	 	3,924,262.06	 
	 Percentage of Total Pool Balance
	 	0.813862	%	 	0.276132	%	 	0.604221	%	 	0.205213	%	 	0.204420	%	 	2.103848	%
	 Number of Loans
	 	45	 	 	16	 	 	26	 	 	5	 	 	3	 	 	95	 
	 Percentage of Total Loans
	 	1.007613	%	 	0.358262	%	 	0.582176	%	 	0.111957	%	 	0.067174	%	 	2.127183	%
							
	 Foreclosure
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,081,188.39	 
	 Percentage of Total Pool Balance
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.579639	%
	 Number of Loans
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	15	 
	 Percentage of Total Loans
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.335871	%
							
	 Bankruptcy
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	276,215.69	 
	 Percentage of Total Pool Balance
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.148083	%
	 Number of Loans
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	6	 
	 Percentage of Total Loans
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.134348	%
							
	 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
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	244,018.04	 
	 Additional Gains (Recoveries)/Losses
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 Total Realized Losses
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	582,477.26	 







 Reserve Fund Information 
  

			
	 Demand Note Reserve Account
	  	 
	 Beginning Balance
	  	2,875,529.52
	 Deposits
	  	0.00
	 Accrued Interest
	  	0.00
	 Withdrawals
	  	0.00
	 Ending Balance
	  	2,875,529.52

  
 OVERCOLLATERALIZATION REPORTING 
  

			
	 Ending Overcollateralization Amount
	  	5,668,159.27
	 Specified Overcollateralization Amount
	  	7,721,777.15
	 Overcollateralization Reduction Amount
	  	0.00
		
	 Excess Interest used as Accelerated Principal
	  	846,799.78

  
 ADDITIONAL REPORTING
ITEMS 
  

				
	 Cumulative losses as percentage of original Pool Balance
	  	0.20257086	%
	 Cumulative losses as percentage of current Pool Balance
	  	0.31227360	%
		
	 12-month rolling average of cumulative losses as percentage of original Pool Balance
	  	0.45421593	%
	 3-month rolling average of Mortgage Loans 60+ days delinquent
	  	0.01180049	%
		
	 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
	  	1,057,859.02	 
		
	 Draw Amount
	  	2,047,005.54