MONTHLY PAYMENT DATE STATEMENT


 Exhibit 10.1 
  

									
	 THE BANK OF NEW YORK
	 	 	  	 	  	 
	 101 Barclay Street, 8 West
	 	 	  	Distribution Date:	  	1/15/04
	 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	  	203,158,178.97	  	1.432500	  	12,110,391.96	  	250,604.08	  	12,360,996.04	  	0.00	  	191,047,787.00	  	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
	  	 	  	 	  	 	  	203,158,178.97	  	 	  	12,110,391.96	  	250,604.08	  	12,360,996.04	  	0.00	  	191,047,787.00	  	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	  	203,158,178.97	  	12,110,391.96	  	0.00	  	0.00	  	12,110,391.96	  	0.00	  	191,047,787.00	  	0.65783727938
	 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	  	203,158,178.97	  	12,110,391.96	  	0.00	  	0.00	  	12,110,391.96	  	0.00	  	191,047,787.00	  	 
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	 

  
 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	  	1.432500	  	250,604.08	  	0.00	  	0.00	  	250,604.08	  	0.00	  	0.00	  	250,604.08
	 R
	  	0.00	  	0.000000	  	0.00	  	0.00	  	0.00	  	0.00	  	0.00	  	0.00	  	0.00
	 	  	
	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	

	 Totals
	  	203,158,178.97	  	 	  	250,604.08	  	0.00	  	0.00	  	250,604.08	  	0.00	  	0.00	  	250,604.08
	 	  	
	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	








 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	  	699.537146341	  	41.699866958	  	0.862908217	  	657.837279382	  	1.432500
	 R
	  	N/A	  	0.00	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	

	 Totals
	  	 	  	290,418,000.00	  	699.537146355	  	41.699866950	  	0.862908222	  	657.837279370	  	 
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	


  

					
	 Pool Level Data
	  	 	  	 
	 Distribution Date
	  	 	  	1/15/04
	 Cut-off Date
	  	 	  	5/1/03
	 Determination Date
	  	 	  	1/1/04
	 Accrual Period 30/360
	  	Begin	  	12/1/03
	 	  	End	  	1/1/04
	 Number of Days in 30/360 Accrual Period
	  	 	  	30
			
	 Accrual Period Actual Days
	  	Begin	  	12/15/03
	 	  	End	  	1/15/04
	 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
	  	207,507,453.30	 
	 Ending Aggregate Pool Stated Principal Balance
	  	196,113,164.53	 
		
	 Beginning Aggregate Certificate Stated Principal Balance
	  	203,158,178.97	 
	 Ending Aggregate Certificate Stated Principal Balance
	  	191,047,787.00	 
		
	 Beginning Aggregate Loan Count
	  	4,940	 
	 Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement
	  	251	 
	 Ending Aggregate Loan Count
	  	4,689	 
		
	 Beginning Weighted Average Loan Rate (WAC)
	  	6.732224	%
	 Ending Weighted Average Loan Rate (WAC)
	  	6.703327	%








				
	 Beginning Net Weighted Average Loan Rate
	  	6.225224	%
	 Ending Net Weighted Average Loan Rate
	  	6.196327	%
		
	 Weighted Average Maturity (WAM) (Months)
	  	206	 
		
	 Aggregate Pool Prepayment
	  	9,520,287.25	 
	 Pool Prepayment Rate
	  	43.7449 CPR	 
		
	 Certificate Account
	  	 	 
		
	 Beginning Balance
	  	0.00	 
		
	 Deposit
	  	 	 
	 Payments of Interest and Principal
	  	12,477,069.88	 
	 Liquidation Proceeds
	  	0.00	 
	 All Other Proceeds
	  	0.00	 
	 Other Amounts
	  	0.00	 
	 Total Deposits
	  	12,477,069.88	 
		
	 Withdrawals
	  	 	 
	 Reimbursement of Servicer Advances
	  	0.00	 
	 Payment of Master Servicer Fees
	  	86,461.44	 
	 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
	  	29,612.40	 
	 Payment of Principal and Interest
	  	12,360,996.04	 
	 Total Withdrawals
	  	12,477,069.88	 
		
	 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
	  	2,410,259.12	 	 	778,620.05	 	 	1,012,217.52	 	 	669,740.97	 	 	0.00	 	 	4,870,837.66	 
	 Percentage of Total Pool Balance
	  	1.229014	%	 	0.397026	%	 	0.516140	%	 	0.341507	%	 	0.000000	%	 	2.483687	%
	 Number of Loans
	  	63	 	 	17	 	 	27	 	 	8	 	 	0	 	 	115	 
	 Percentage of Total Loans
	  	1.343570	%	 	0.362551	%	 	0.575816	%	 	0.170612	%	 	0.000000	%	 	2.452549	%
							
	 Foreclosure
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	975,982.82	 
	 Percentage of Total Pool Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.497663	%
	 Number of Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	13	 
	 Percentage of Total Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.277245	%
							
	 Bankruptcy
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	328,257.12	 
	 Percentage of Total Pool Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.167381	%
	 Number of Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	8	 
	 Percentage of Total Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.170612	%
							
	 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
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	110,259.35	 
	 Additional Gains (Recoveries)/Losses
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 Total Realized Losses
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	338,459.22	 







 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
	  	5,065,377.53
	 Specified Overcollateralization Amount
	  	7,791,328.64
		
	 Overcollateralization Reduction Amount
	  	0.00
		
	 Excess Interest used as Accelerated Principal
	  	826,362.54

  
 ADDITIONAL REPORTING
ITEMS 
  

				
	 Cumulative losses as percentage of original Pool Balance
	  	0.11770756	%
	 Cumulative losses as percentage of current Pool Balance
	  	0.17258363	%
		
	 12-month rolling average of cumulative losses as percentage of original Pool Balance
	  	0.25164507	%
	 3-month rolling average of Mortgage Loans 60+ days delinquent
	  	0.01099701	%
		
	 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
	  	2,099,704.53