Monthly Payment Date Statement dated August 15, 2003




	


	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

	  	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	  	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	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

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


  

	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	  	267,381,776.02	  	13,230,199.53	  	—  	  	—  	  	13,230,199.53	  	—  	  	254,151,576.49	  	0.87512336181
	 R
	  	 	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	0.00000000000
	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

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


  

	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
	  	267,381,776.02	  	1.376880	  	317,020.31	  	—  	  	—  	  	317,020.31	  	—  	  	—  	  	317,020.31
	 R
	  	—  	  	0.000000	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

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









 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	  	920.679076421	  	45.555714616	  	1.091600078	  	875.123361805	  	1.376880
	 R
	  	 	  	—  	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000
	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	 Totals
	  	 	  	290,418,000.00	  	920.679076435	  	45.555714625	  	1.091600073	  	875.123361810	  	 
	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

							
	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	%









	 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
	  	—  








  

	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
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	—  	 

  








	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