Document:

Monthly Payment Date Statement dated September 15, 2003

 Exhibit 10.1 
  

	 THE BANK OF NEW YORK
	 	 	 	 	 	 	 	 
	 101 Barclay Street, 8 West
	 	 	 	 	 	Distribution Date: 9/15/03
	 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

	  	Cumulative
Realized
Losses

	 A
	  	395385AP2	  	Senior	  	Var-Act/360	  	254,151,576.49	  	1.380000	  	14,632,413.35	  	302,016.79	  	14,934,430.14	  	—  	  	239,519,163.14	  	—  
	 R
	  	 	  	Senior	  	Fix-30/360	  	—  	  	0.000000	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 	  	 	  	 	  	 	  	
	  	 	  	
	  	
	  	
	  	
	  	
	  	

	 Totals
	  	 	  	 	  	 	  	254,151,576.49	  	 	  	14,632,413.35	  	302,016.79	  	14,934,430.14	  	—  	  	239,519,163.14	  	—  
	 	  	 	  	 	  	 	  	
	  	 	  	
	  	
	  	
	  	
	  	
	  	

  
 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	  	254,151,576.49	  	14,632,413.35	  	—  	  	—  	  	14,632,413.35	  	—  	  	239,519,163.14	  	0.82473938646
	 R
	  	 	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	0.00000000000
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	 
	 Totals
	  	 	  	290,418,000.00	  	254,151,576.49	  	14,632,413.35	  	—  	  	—  	  	14,632,413.35	  	—  	  	239,519,163.14	  	 
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	 

  

 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
	  	254,151,576.49	  	1.380000	  	302,016.79	  	—  	  	—  	  	302,016.79	  	—  	  	—  	  	302,016.79
	 R
	  	—  	  	0.000000	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 	  	
	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	

	 Totals
	  	254,151,576.49	  	 	  	302,016.79	  	—  	  	—  	  	302,016.79	  	—  	  	—  	  	302,016.79
	 	  	
	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	

  
 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	  	875.123361805	  	50.383975344	  	1.039938262	  	824.739386461	  	1.380000
	 R
	  	 	  	—  	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	 
	 Totals
	  	 	  	290,418,000.00	  	875.123361810	  	50.383975339	  	1.039938261	  	824.739386471	  	 
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	 

	 Pool Level Data
	  	 	  	 
	 Distribution Date
	  	 	  	9/15/2003
	 Cut-off Date
	  	 	  	5/1/2003
	 Determination Date
	  	 	  	9/1/2003
	 Accrual Period 30/360
	  	Begin	  	8/1/2003
	 	  	End	  	9/1/2003
	 Number of Days in 30/360 Accrual Period
	  	 	  	30
	 Accrual Period Actual Days
	  	Begin	  	8/15/2003
	 	  	End	  	9/15/2003
	 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
	  	254,929,274.35	 
	 Ending Aggregate Pool Stated Principal Balance
	  	241,308,817.07	 
	 Beginning Aggregate Certificate Stated Principal Balance
	  	254,151,576.49	 
	 Ending Aggregate Certificate Stated Principal Balance
	  	239,519,163.14	 
	 Beginning Aggregate Loan Count
	  	6061	 
	 Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement
	  	305	 
	 Ending Aggregate Loan Count
	  	5756	 
	 Beginning Weighted Average Loan Rate (WAC)
	  	6.837238	%
	 Ending Weighted Average Loan Rate (WAC)
	  	6.819665	%
	 Beginning Net Weighted Average Loan Rate
	  	6.330238	%
	 Ending Net Weighted Average Loan Rate
	  	6.312665	%
	 Weighted Average Maturity (WAM) (Months)
	  	208	 
	 Aggregate Pool Prepayment
	  	11,152,399.30	 
	 Pool Prepayment Rate
	  	41.8510 CPR	 

	 Certificate Account
	  	 
		
	 Beginning Balance
	  	—  
	 Deposit
	  	 
	 Payments of Interest and Principal
	  	15,077,776.14
	 Liquidation Proceeds
	  	—  
	 All Other Proceeds
	  	—  
	 Other Amounts
	  	—  
	 Total Deposits
	  	15,077,776.14
	 Withdrawals
	  	 
	 Reimbursement of Servicer Advances
	  	—  
	 Payment of Master Servicer Fees
	  	106,220.53
	 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
	  	37,125.47
	 Payment of Principal and Interest
	  	14,934,430.14
	 Total Withdrawals
	  	15,077,776.14
	 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
	  	2,409,790.42	 	 	858,888.95	 	 	1,061,489.28	 	 	—  	 	 	—  	 	 	4,330,168.65	 
	 Percentage of Total Pool Balance
	  	0.998633	%	 	0.355929	%	 	0.439888	%	 	0.000000	%	 	0.000000	%	 	1.794451	%
	 Number of Loans
	  	67	 	 	19	 	 	17	 	 	0	 	 	0	 	 	103	 
	 Percentage of Total Loans
	  	1.164003	%	 	0.330090	%	 	0.295344	%	 	0.000000	%	 	0.000000	%	 	1.789437	%
	 Foreclosure
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	170,700.00	 
	 Percentage of Total Pool Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.070739	%
	 Number of Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	2	 
	 Percentage of Total Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.034746	%

	 Bankruptcy
	  	 	 
	 Scheduled Principal Balance
	  	88,577.27	 
	 Percentage of Total Pool Balance
	  	0.036707	%
	 Number of Loans
	  	4	 
	 Percentage of Total Loans
	  	0.069493	%
	 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
	  	1,789,653.93
	 Specified Overcollateralization Amount
	  	7,188,561.76
	 Overcollateralization Reduction Amount
	  	—  
	 Excess Interest used as Accelerated Principal
	  	1,011,956.07

 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
	  	0.00607484	 
	 Relief Act Shortfall
	  	—  	 
	 Gross Prepayment Interest Shortfall
	  	—  	 
	 Net Prepayment Interest Shortfall
	  	—  	 
	 Total outstanding principal balance of 3 largest Mortgage Loans
	  	1,036,652.27	 
	 Draw Amount
	  	3,543,069.62Monthly Payment Date Statement dated September 25, 2003

 Exhibit 10.1 
  
 IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, 
 PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: 
  

Scott B. Rubin 
 JPMorgan Chase Bank – Structured Finance Services 
 4 New York Plaza, 6th Floor 
 New York, NY
10004 
 Tel: (212) 623-4507 / Fax: (212) 623-5930 
 Email: scott.b.rubin@chase.com 
  
 GreenPoint Mortgage Securities, 2003-1 
  
 Statement to Certificateholders 
  
 September 25, 2003 
  

	 Distribution In Dollars

	 Class

	  	Original Face
Value

	  	 Beginning
Principal
 Balance

	  	Principal

	  	Interest

	  	Total

	  	Realized
Losses

	  	Deferred
Interest

	  	 Ending
 Principal
 Balance

	 A1
	  	203,191,000.00	  	203,191,000.00	  	52,507.19	  	756,881.40	  	809,388.59	  	0.00	  	0.00	  	203,138,492.81
	 M1
	  	2,820,000.00	  	2,820,000.00	  	578.80	  	10,504.43	  	11,083.23	  	0.00	  	0.00	  	2,819,421.20
	 M2
	  	1,044,00.00	  	1,044,000.00	  	214.28	  	3,888.87	  	4,103.15	  	0.00	  	0.00	  	1,043,785.72
	 M3
	  	835,000.00	  	835,000.00	  	171.38	  	3,110.35	  	3,281.73	  	0.00	  	0.00	  	834,828.62
	 B1
	  	313,000.00	  	313,000.00	  	64.24	  	1,165.92	  	1,230.16	  	0.00	  	0.00	  	312,935.76
	 B2
	  	313,000.00	  	313,000.00	  	64.24	  	1,165.92	  	1,230.16	  	0.00	  	0.00	  	312,935.76
	 B3
	  	421,221.00	  	421,221.00	  	86.46	  	1,569.04	  	1,655.50	  	0.00	  	0.00	  	421,134.54
	 R
	  	0.00	  	0.00	  	0.00	  	41,274.69	  	41,274.69	  	0.00	  	0.00	  	0.00
	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	 TOTALS
	  	208,937,22100	  	208,937,221.00	  	53,686.59	  	819,560.62	  	873,247.21	  	0.00	  	0.00	  	208,883,534.41
	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

  

	 Factor Information Per $1,000 Of Original Face

	  	Pass-Through Rates

	 
	 Class

	  	CUSIP

	  	Beginning
Principal

	  	Principal

	  	Interest

	  	Total

	  	Ending
Principal

	  	Class

	  	 Current
 Pass-Thru
 Rate

	 
	 A1
	  	395387AA1	  	1,000.00000000	  	0.25841297	  	3.72497502	  	3.98338799	  	999.74158703	  	A1	  	4.469970	%
	 M1
	  	395387AB9	  	1,000.00000000	  	0.20524823	  	3.72497518	  	3.93022340	  	999.79475177	  	M1	  	4.469970	%
	 M2
	  	395387AC7	  	1,000.00000000	  	0.20524904	  	3.72497126	  	3.93022031	  	999.79475096	  	M2	  	4.469970	%
	 M3
	  	395387AD5	  	1,000.00000000	  	0.20524551	  	3.72497006	  	3.93021557	  	999.79475449	  	M3	  	4.469970	%
	 B1
	  	395387AE3	  	1,000.00000000	  	0.20523962	  	3.72498403	  	3.93022364	  	999.79476038	  	B1	  	4.469970	%
	 B2
	  	395387AF0	  	1,000.00000000	  	0.20523962	  	3.72498403	  	3.93022364	  	999.79476038	  	B2	  	4.469970	%
	 B3
	  	395387AG8	  	1,000.00000000	  	0.20526042	  	3.72498047	  	3.93024089	  	999.79473958	  	B3	  	4.469970	%
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	 	  	 	 
	 TOTALS
	  	 	  	1,000.00000000	  	0.25695082	  	3.92252092	  	4.17947174	  	999.74304918	  	 	  	 	 
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	 	  	 	 

	 Available Funds
	  	873,247.22
	 Scheduled Principal Payments
	  	42,884.35
	 Principal Prepayments
	  	10,802.25
	 Repurchase Principal
	  	0.00
	 Substitution Amounts
	  	0.00
	 Net Liquidation Proceeds
	  	0.00
	 Insurance Proceeds
	  	0.00
	 Other Principal
	  	0.00
	 Gross Interest
	  	823,729.80
	 Master Servicing Fees
	  	43,528.59
	 Trustee Fees
	  	1,915.26
	 Currently Monthly Advances
	  	704,799.57
	 Beginning Number of Loans Outstanding
	  	497
	 Beginning Aggregate Loan Balance
	  	208,937,221.84
	 Ending Number of Loans Outstanding
	  	497
	 Ending Aggregate Loan Balance
	  	208,883,535.24

  

	 Delinquent Mortgage Loans Group Totals

	 
	 Category

	  	Number

	  	 Principal
 Balance

	  	Percentage

	 
	 1 Month
	  	0	  	0.00	  	0.00	%
	 2 Month
	  	0	  	0.00	  	0.00	%
	 3 Month
	  	0	  	0.00	  	0.00	%
	 	  	
	  	
	  	
	

	 Total
	  	0	  	0.00	  	0.00	%
	 	  	
	  	
	  	
	

  

	 REO Properties Group Totals

	 
	 Number

	  	 Principal
 Balance

	  	Percentage

	 
	 0
	  	0.00	  	0.00	%
	 0
	  	0.00	  	0.00	%
	 0
	  	0.00	  	0.00	%
	 	  	
	  	
	

	 0
	  	0.00	  	0.00	%
	 	  	
	  	
	

  

	 Book Value of REO Properties
	  	0.00	 
	 Current Realized Losses
	  	0.00	 
	 Cumulative Realized Losses
	  	0.00	 
	 Special Hazard Loss Coverage Amount
	  	3,800,000.00	 
	 Bankruptcy Coverage Amount
	  	100,000.00	 
	 Fraud Loss Coverage Amount
	  	2,008,937.00	 
	 Senior Percentage (for next Distribution Date)
	  	0.972496	%
	 Subordinate Percentage (for next Distribution Date)
	  	0.027504	%
	 Senior Prepayment Percentage (for next Distribution Date)
	  	1.000000	%
	 Subordinate Prepayment Percentage (for next Distribution Date
	  	0.000000	%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}]]