Monthly Payment Date Statement



  
 Exhibit 10.1


	 THE BANK OF NEW YORK
	  	 	  	 
	 101 Barclay Street, 8 West
	  	 	  	Distribution Date: 11/17/03
	 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 

	 Class

	  	Cusip

	  	Class
Description

	  	 Certificate
Rate
 Type

	  	Beginning
Balance

	  	Pass
Through
Rate (%)

	  	Principal
Distribution

	  	Interest
Distribution

	  	Total
Distribution

	  	Current
Realized
Losses

	  	 Ending
 Balance


	 A
	  	395385AP2	  	Senior	  	Var-Act/360	  	226,691,921.96	  	1.390000	  	12,884,710.65	  	288,843.29	  	13,173,553.94	  	—  	  	213,807,211.31
	 R
	  	N/A	  	Senior	  	Fix-30/360	  	—  	  	0.000000	  	—  	  	—  	  	—  	  	—  	  	—  
	 	  	 	  	 	  	 	  	
	  	 	  	
	  	
	  	
	  	
	  	

	 Totals
	  	 	  	 	  	 	  	226,691,921.96	  	 	  	12,884,710.65	  	288,843.29	  	13,173,553.94	  	—  	  	213,807,211.31
	 	  	 	  	 	  	 	  	
	  	 	  	
	  	
	  	
	  	
	  	


  
 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	  	226,691,921.96	  	12,884,710.65	  	—  	  	—  	 	12,884,710.65	  	—  	 	213,807,211.31	 	0.73620509511
	 R
	  	N/A	  	—  	  	—  	  	—  	  	—  	  	—  	 	—  	  	—  	 	—  	 	0.00000000000
	 	  	 	  	
	  	
	  	
	  	
	  	
	 	
	  	
	 	
	 	 
	 Totals
	  	 	  	290,418,000.00	  	226,691,921.96	  	12,884,710.65	  	—  	  	—  	 	12,884,710.65	  	—  	 	213,807,211.31	 	 
	 	  	 	  	
	  	
	  	
	  	
	  	
	 	
	  	
	 	
	 	 

  
 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
	  	226,691,921.96	  	1.390000	  	288,843.29	  	—  	  	—  	  	288,843.29	 	—  	 	—  	 	288,843.29
	 R
	  	—  	  	0.000000	  	—  	  	—  	  	—  	  	—  	 	—  	 	—  	 	—  
	 	  	
	  	 	  	
	  	
	  	
	  	
	 	
	 	
	 	

	 Totals
	  	226,691,921.96	  	 	  	288,843.29	  	—  	  	—  	  	288,843.29	 	—  	 	—  	 	288,843.29
	 	  	
	  	 	  	
	  	
	  	
	  	
	 	
	 	
	 	


  
  









 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	  	780.571183477	  	44.366088363	  	0.994577783	  	736.205095114	  	1.390000
	 R
	  	N/A	  	—  	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	 
	 Totals
	  	 	  	290,418,000.00	  	780.571183467	  	44.366088362	  	0.994577781	  	736.205095104	  	 
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	 

  

	 Pool Level Data
	  	 	  	 
	 Distribution Date
	  	 	  	11/17/2003
	 Cut-off Date
	  	 	  	5/1/2003
	 Determination Date
	  	 	  	11/1/2003
	 Accrual Period 30/360
	  	Begin	  	10/1/2003
	 	  	End	  	11/1/2003
			
	 Number of Days in 30/360 Accrual Period
	  	 	  	30
			
	 Accrual Period Actual Days
	  	Begin	  	10/15/2003
	 	  	End	  	11/17/2003
			
	 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
	  	229,468,779.38	 
	 Ending Aggregate Pool Stated Principal Balance
	  	217,381,944.01	 
		
	 Beginning Aggregate Certificate Stated Principal Balance
	  	226,691,921.96	 
	 Ending Aggregate Certificate Stated Principal Balance
	  	213,807,211.31	 
		
	 Beginning Aggregate Loan Count
	  	5454	 
	 Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement
	  	289	 
	 Ending Aggregate Loan Count
	  	5165	 
		
	 Beginning Weighted Average Loan Rate (WAC)
	  	6.783770	%
	 Ending Weighted Average Loan Rate (WAC)
	  	6.755985	%

  










	 Beginning Net Weighted Average Loan Rate
	  	6.276770	%
	 Ending Net Weighted Average Loan Rate
	  	6.248985	%
	 Weighted Average Maturity (WAM) (Months)
	  	208	 
		
	 Aggregate Pool Prepayment
	  	9,930,688.28	 
	 Pool Prepayment Rate
	  	41.9768 CPR	 
		
	 Certificate Account
	  	 	 
		
	 Beginning Balance
	  	—  	 
		
	 Deposit
	  	 	 
	 Payments of Interest and Principal
	  	13,304,429.44	 
	 Liquidation Proceeds
	  	14.68	 
	 All Other Proceeds
	  	—  	 
	 Other Amounts
	  	—  	 
	 Total Deposits
	  	13,304,444.12	 
		
	 Withdrawals
	  	 	 
	 Reimbursement of Servicer Advances
	  	—  	 
	 Payment of Master Servicer Fees
	  	95,611.99	 
	 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
	  	35,278.19	 
	 Payment of Principal and Interest
	  	13,173,553.94	 
	 Total Withdrawals
	  	13,304,444.12	 
		
	 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
	  	1,966,259.22	 	 	1,044,988.47	 	 	920,789.25	 	 	244,182.61	 	 	—  	 	 	4,176,219.55	 
	 Percentage of Total Pool Balance
	  	0.904518	%	 	0.480715	%	 	0.423581	%	 	0.112329	%	 	0.000000	%	 	1.921144	%
	 Number of Loans
	  	55	 	 	22	 	 	25	 	 	3	 	 	0	 	 	105	 
	 Percentage of Total Loans
	  	1.064860	%	 	0.425944	%	 	0.484027	%	 	0.058083	%	 	0.000000	%	 	2.032914	%
							
	 Foreclosure
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	436,081.54	 
	 Percentage of Total Pool Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.200606	%
	 Number of Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	6	 
	 Percentage of Total Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.116167	%
							
	 Bankruptcy
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	212,368.95	 
	 Percentage of Total Pool Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.097694	%
	 Number of Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	6	 
	 Percentage of Total Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.116167	%
							
	 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
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	156,927.36	 
	 Additional Gains (Recoveries)/Losses
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	—  	 
	 Total Realized Losses
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	156,927.36	 

  










	

	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
	  	3,574,732.70
	 Specified Overcollateralization Amount
	  	7,408,326.11
		
	 Overcollateralization Reduction Amount
	  	—  
		
	 Excess Interest used as Accelerated Principal
	  	954,802.64

  

	

	ADDITIONAL REPORTING ITEMS	 
	

	 Cumulative losses as percentage of original Pool Balance
	  	0.05457537	%
	 Cumulative losses as percentage of current Pool Balance
	  	0.07218969	%
		
	 12-month rolling average of cumulative losses as percentage of original Pool Balance
	  	0.05457537	%
	 3-month rolling average of Mortgage Loans 60+ days delinquent
	  	0.00893952	 
		
	 Relief Act Shortfall
	  	—  	 
	 Gross Prepayment Interest Shortfall
	  	—  	 
	 Net Prepayment Interest Shortfall
	  	—  	 
		
	 Total outstanding principal balance of 3 largest Mortgage Loans
	  	1,062,977.27	 
		
	 Draw Amount
	  	2,767,463.52