Document:

Monthly Payment Date Statement distributed to holders

 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 
  
 October 27, 2003 
  

	 Distribution In Dollars

	 Class

	  	Original Face
Value

	  	Prior
Principal
Balance

	  	Principal

	  	Interest

	  	Total

	  	Realized
Loses

	  	Deferred
Interest

	  	Current
Principal
Balance

	 A1
	  	203,191,000.00	  	203,138,492.81	  	1,979,454.40	  	756,682.24	  	2,736,136.64	  	0.00	  	0.00	  	201,159,038.41
	 M1
	  	2,820,000.00	  	2,819,421.20	  	570.80	  	10,502.22	  	11,073.02	  	0.00	  	0.00	  	2,818,850.40
	 M2
	  	1,044,000.00	  	1,043,785.72	  	211.32	  	3,888.06	  	4,099.38	  	0.00	  	0.00	  	1,043,574.40
	 M3
	  	835,000.00	  	834,828.62	  	169.01	  	3,109.70	  	3,278.71	  	0.00	  	0.00	  	834,659.61
	 B1
	  	313,000.00	  	312,935.76	  	63.35	  	1,165.67	  	1,229.02	  	0.00	  	0.00	  	312,872.41
	 B2
	  	313,000.00	  	312,935.76	  	63.35	  	1,165.67	  	1,229.02	  	0.00	  	0.00	  	312,872.41
	 B3
	  	421,221.00	  	421,134.54	  	85.26	  	1,568.71	  	1,653.97	  	0.00	  	0.00	  	421,049.28
	 R
	  	0.00	  	0.00	  	0.00	  	0.04	  	0.04	  	0.00	  	0.00	  	0.00
	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	 TOTALS
	  	208,937,221.00	  	208,883,534.41	  	1,980,617.49	  	778,082.31	  	2,758,699.80	  	0.00	  	0.00	  	206,902,916.92
	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

  

	 Factor Information Per $1000 Of Original Face

	  	Pass-Through
Rates

	 
	 Class

	  	Cusip

	  	Prior
Principal
Factor

	  	Principal

	  	Interest

	  	Total

	  	Current
Principal
Factor

	  	Class

	  	Current
Pass
Thru
Rate

	 
 
 
 

	 A1
	  	395387AA1	  	999.74158703	  	9.74184093	  	3.72399486	  	13.46583579	  	989.99974610	  	A1	  	4.469949	%
	 M1
	  	395387AB9	  	999.79475177	  	0.20241135	  	3.72419149	  	3.92660284	  	999.59234043	  	M1	  	4.469949	%
	 M2
	  	395387AC7	  	999.79475096	  	0.20241379	  	3.72419540	  	3.92660920	  	999.59233716	  	M2	  	4.469949	%
	 M3
	  	395387AD5	  	999.79475449	  	0.20240719	  	3.72419162	  	3.92659880	  	999.59234731	  	M3	  	4.469949	%
	 B1
	  	395387AE3	  	999.79476038	  	0.20239617	  	3.72418530	  	3.92658147	  	999.59236422	  	B1	  	4.469949	%
	 B2
	  	395387AF0	  	999.79476038	  	0.20239617	  	3.72418530	  	3.92658147	  	999.59236422	  	B2	  	4.469949	%
	 B3
	  	395387AG8	  	999.79473958	  	0.20241156	  	3.72419704	  	3.92660860	  	999.59232802	  	B3	  	4.469949	%
	 	  	
	  	
	  	
	  	
	  	
	  	
	  	 	  	 	 
	 TOTALS
	  	 	  	999.74304918	  	9.47948614	  	3.72400047	  	13.20348661	  	990.26356304	  	 	  	 	 
	 	  	
	  	
	  	
	  	
	  	
	  	
	  	 	  	 	 

	 Available Funds
	  	 	  	 	 	 	 	 	 	2,758,699.81	 
	 Scheduled Principal Payments
	  	 	  	 	 	 	 	 	 	42,289.08	 
	 Principal Prepayments
	  	 	  	 	 	 	 	 	 	1,938,328.42	 
	 Repurchase Principal
	  	 	  	 	 	 	 	 	 	0.00	 
	 Substitution Amounts
	  	 	  	 	 	 	 	 	 	0.00	 
	 Net Liquidation Proceeds
	  	 	  	 	 	 	 	 	 	0.00	 
	 Insurance Proceeds
	  	 	  	 	 	 	 	 	 	0.00	 
	 Other Principal
	  	 	  	 	 	 	 	 	 	0.00	 
	 Gross Interest
	  	 	  	 	 	 	 	 	 	823,514.48	 
	 Master Servicing Fees
	  	 	  	 	 	 	 	 	 	43,517.40	 
	 Trustee Fees
	  	 	  	 	 	 	 	 	 	1,914.77	 
	 Current Monthly Advances
	  	 	  	 	 	 	 	 	 	127,396.12	 
	 Beginning Number of Loans Outstanding
	  	 	 	 	 	 	 	497	 
	 Beginning Aggregate Loan Balance
	  	 	  	 	 	 	 	 	 	208,883,535.24	 
	 Ending Number of Loans Outstanding
	  	 	  	 	 	 	 	 	 	493	 
	 Ending Aggregate Loan Balance
	  	 	  	 	 	 	 	 	 	206,902,917.74	 
	 Delinquent Mortgage Loans
	  	 	  	 	 	 	 	 	 	 	 
	 	  	Group Totals	  	 	  	 	 	 	 	 	 	 	 
	 	  	 	  	 	  	Principal	 	 	 	 	 	 	 
	 	  	Category	  	Number	  	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	%	 	 	 
	 * Delinquent Bankruptcies are included in the table above.
	 	 	 	 	 	 
	 Bankruptcies
	  	 	  	 	  	 	 	 	 	 	 	 	 
	 	  	Group Totals	  	 	  	 	 	 	 	 	 	 	 
	 	  	 	  	Principal	  	 	 	 	 	 	 	 	 
	 	  	Number	  	Balance	  	Percentage	 	 	 	 	 	 	 
	 	  	0	  	0.00	  	0.00	%	 	 	 	 	 	 
	 * Only Current Bankruptcies are reflected in the table above.
	 	 	 	 	 	 
	 Foreclosures
	  	 	  	 	  	 	 	 	 	 	 	 	 
	 	  	Group Totals	  	 	  	 	 	 	 	 	 	 	 
	 	  	 	  	Principal	  	 	 	 	 	 	 	 	 
	 	  	Number	  	Balance	  	Percentage	 	 	 	 	 	 	 
	 	  	0	  	0.00	  	0.00	%	 	 	 	 	 	 
	 REO Properties
	  	 	  	 	  	 	 	 	 	 	 	 	 
	 	  	Group Totals	  	 	  	 	 	 	 	 	 	 	 
	 	  	 	  	Principal	  	 	 	 	 	 	 	 	 
	 	  	Number	  	Balance	  	Percentage	 	 	 	 	 	 	 
	 	  	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
	  	 	 	 	 	 	 	3,768,689.42	 
	 Bankruptcy Coverage Amount
	  	 	  	 	 	 	 	 	 	100,000.00	 
	 Fraud Loss Coverage Amount
	  	 	  	 	 	 	 	 	 	2,008,937.00	 
	 Senior Percentage (for next Distribution Date)
	  	 	 	 	 	 	 	0.972239 	%
	 Subordinate Percentage (for next Distribution Date)
	  	 	 	 	 	 	 	0.027761 	%
	 Senior Prepayment Percentage (for next Distribution Date)
	 	 	 	 	1.000000 	%
	 Subordinate Prepayment Percentage (for next Distribution Date)
	 	 	 	 	0.000000 	%Monthly Payment Date Statement distributed to holders

 Exhibit 10.1 
  

	 THE BANK OF NEW YORK
	  	 	  	 
	 101 Barclay Street, 8 West
	  	 	  	 Distribution Date: 10/15/03

	 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

	 A
	  	395385AP2	  	Senior	  	Var-Act/360	  	239,519,163.14	  	1.390000	  	12,827,241.17	  	277,443.03	  	13,104,684.20	  	—  	  	226,691,921.96
	 R
	  	 	  	Senior	  	Fix-30/360	  	—  	  	0.000000	  	—  	  	—  	  	—  	  	—  	  	—  
	 Totals
	  	 	  	 	  	 	  	239,519,163.14	  	 	  	12,827,241.17	  	277,443.03	  	13,104,684.20	  	—  	  	226,691,921.96

  
 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	  	239,519,163.14	  	12,827,241.17	  	—  	  	—  	  	12,827,241.17	  	—  	  	226,691,921.96	  	0.78057118348
	 R
	  	 	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	0.00000000000
	 Totals
	  	 	  	290,418,000.00	  	239,519,163.14	  	12,827,241.17	  	—  	  	—  	  	12,827,241.17	  	—  	  	226,691,921.96	  	 

 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
	  	239,519,163.14	  	1.390000	  	277,443.03	  	—	  	—	  	277,443.03	  	—	  	—	  	277,443.03
	 R
	  	—	  	0.000000	  	—	  	—	  	—	  	—  	  	—	  	—	  	—
	 Totals
	  	239,519,163.14	  	 	  	277,443.03	  	—	  	—	  	277,443.03	  	—	  	—	  	277,443.03

  
 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	  	824.739386461	  	44.168202984	  	0.955323123	  	780.571183477	  	1.390000
	 R
	  	 	  	—	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000
	 Totals
	  	 	  	290,418,000.00	  	824.739386471	  	44.168202970	  	0.955323120	  	780.571183467	  	 

  

	Pool Level Data	    	 	  	 
	 Distribution Date
	    	 	  	10/15/2003
	 Cut-off Date
	    	 	  	5/1/2003
	 Determination Date
	    	 	  	10/1/2003
	 Accrual Period 30/360
	    	Begin	  	9/1/2003
	 	    	End	  	10/1/2003
	 Number of Days in 30/360 Accrual Period
	    	 	  	30
	 Accrual Period Actual Days
	    	Begin	  	9/15/2003
	 	    	 	  	 
	 	    	End	  	10/15/2003
	 Number of Days in Actual Accrual Period
	    	 	  	30

  

 2 

 Collateral Information 
  

	Group 1	  	 	 
	 Cut-Off Date Balance
	  	287,542,470.48	 
		
	 Beginning Aggregate Pool Stated Principal Balance
	  	241,308,817.07	 
	 Ending Aggregate Pool Stated Principal Balance
	  	229,468,779.38	 
		
	 Beginning Aggregate Certificate Stated Principal Balance
	  	239,519,163.14	 
	 Ending Aggregate Certificate Stated Principal Balance
	  	226,691,921.96	 
		
	 Beginning Aggregate Loan Count
	  	5756	 
	 Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement
	  	302	 
	 Ending Aggregate Loan Count
	  	5454	 
		
	 Beginning Weighted Average Loan Rate (WAC)
	  	6.818127	%
	 Ending Weighted Average Loan Rate (WAC)
	  	6.783350	%
		
	 Beginning Net Weighted Average Loan Rate
	  	6.311127	%
	 Ending Net Weighted Average Loan Rate
	  	6.276350	%
		
	 Weighted Average Maturity (WAM) (Months)
	  	208	 
		
	 Aggregate Pool Prepayment
	  	9,739,278.20	 
	 Pool Prepayment Rate
	  	39.2741 CPR	 
		
	 Certificate Account
	  	 	 
		
	 Beginning Balance
	  	—	 
		
	 Deposit
	  	 	 
	 Payments of Interest and Principal
	  	13,239,233.34	 
	 Liquidation Proceeds
	  	—	 
	 All Other Proceeds
	  	—	 
	 Other Amounts
	  	—	 
	 Total Deposits
	  	13,239,233.34	 
		
	 Withdrawals
	  	 	 
	 Reimbursement of Servicer Advances
	  	—	 
	 Payment of Master Servicer Fees
	  	100,545.34	 
	 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
	  	34,003.79
	 Payment of Principal and Interest
	  	13,104,684.20
	 Total Withdrawals
	  	13,239,233.34
		
	 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
	 	2,631,248.29	 	 	729,740.62	 	 	938,864.60	 	 	326,424.65	 	 	—	 	 	4,626,278.16	 
	 Percentage of Total Pool Balance
	 	1.146669	%	 	0.318013	%	 	0.409147	%	 	0.142252	%	 	0.000000	%	 	2.016082	%
	 Number of Loans
	 	64	 	 	21	 	 	19	 	 	6	 	 	0	 	 	110	 
	 Percentage of Total Loans
	 	1.173451	%	 	0.385039	%	 	0.348368	%	 	0.110011	%	 	0.000000	%	 	2.016868	%
							
	 Foreclosure
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	412,746.88	 
	 Percentage of Total Pool Balance
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.179871	%
	 Number of Loans
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	5	 
	 Percentage of Total Loans
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.091676	%
							
	 Bankruptcy
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	296,528.02	 
	 Percentage of Total Pool Balance
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.129224	%
	 Number of Loans
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	8	 
	 Percentage of Total Loans
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.146681	%
							
	 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
	  	2,776,857.42
	 Specified Overcollateralization Amount
	  	7,482,343.95
	 Overcollateralization Reduction Amount
	  	—  
	 Excess Interest used as Accelerated Principal
	  	987,203.48

  
 ADDITIONAL REPORTING
ITEMS 
  

	 Cumulative losses as percentage of current 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
	  	0.00741065	 
	 Relief Act Shortfall
	  	—  	 
	 Gross Prepayment Interest Shortfall
	  	—  	 
	 Net Prepayment Interest Shortfall
	  	—  	 
	 Total outstanding principal balance of 3 largest Mortgage Loans
	  	1,042,516.20	 
	 Draw Amount
	  	3,615,747.74

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