Document:

MONTHLY PAYMENT DATE STATEMENT

 Exhibit 10.1 
  

	 THE BANK OF NEW YORK
	  	 
	 101 Barclay Street, 8 West
	  	Distribution Date:     12/15/03
	 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	  	213,807,211.31	  	1.390000	  	10,649,032.35	  	231,149.35	  	10,880,181.70	  	—  	  	203,158,178.97	  	0.00
	 R
	  	N/A	  	Senior	  	Fix-30/360	  	—  	  	0.000000	  	—  	  	—  	  	—  	  	—  	  	—  	  	0.00
	 Totals
	  	 	  	 	  	 	  	213,807,211.31	  	 	  	10,649,032.35	  	231,149.35	  	10,880,181.70	  	—  	  	203,158,178.97	  	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	  	213,807,211.31	  	10,649,032.35	  	—  	  	—  	  	10,649,032.35	  	—  	  	203,158,178.97	  	0.69953714634
	 R
	  	N/A	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	0.00000000000
	 Totals
	  	 	  	290,418,000.00	  	213,807,211.31	  	10,649,032.35	  	—  	  	—  	  	10,649,032.35	  	—  	  	203,158,178.97	  	 

  
 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
	  	213,807,211.31	  	1.390000	  	231,149.35	  	—  	  	—  	  	231,149.35	  	—  	  	—  	  	231,149.35
	 R
	  	—  	  	0.000000	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 Totals
	  	213,807,211.31	  	 	  	231,149.35	  	—  	  	—  	  	231,149.35	  	—  	  	—  	  	231,149.35

 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	  	736.205095114	  	36.667948773	  	0.795919508	  	699.537146341	  	1.390000
	 R
	  	N/A	  	—  	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000000	  	0.000000
	 Totals
	  	 	  	290,418,000.00	  	736.205095114	  	36.667948773	  	0.795919508	  	699.537146341	  	 

  

	 Pool Level Data
	  	 	  	 
	 Distribution Date
	  	 	  	12/15/03
	 Cut-off Date
	  	 	  	5/1/2003
	 Determination Date
	  	 	  	12/1/2003
	 Accrual Period 30/360
	  	Begin	  	11/1/2003
	 	  	End	  	12/1/2003
	 Number of Days in 30/360 Accrual Period
	  	 	  	30
			
	 Accrual Period Actual Days
	  	Begin	  	11/17/2003
	 	  	End	  	12/15/2003
	 Number of Days in Actual Accrual Period
	  	 	  	28

  
 Collateral
Information 
  

	 Group 1
	  	 	 
	 Cut-Off Date Balance
	  	287,542,470.48	 
	 Beginning Aggregate Pool Stated Principal Balance
	  	217,381,944.01	 
	 Ending Aggregate Pool Stated Principal Balance
	  	207,507,453.30	 
		
	 Beginning Aggregate Certificate Stated Principal Balance
	  	213,807,211.13	 
	 Ending Aggregate Certificate Stated Principal Balance
	  	203,158,178.97	 
		
	 Beginning Aggregate Loan Count
	  	5165	 
	 Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement
	  	225	 
	 Ending Aggregate Loan Count
	  	4940	 
		
	 Beginning Weighted Average Loan Rate (WAC)
	  	6.755422	%
	 Ending Weighted Average Loan Rate (WAC)
	  	6.731667	%

	 Beginning Net Weighted Average Loan Rate
	  	6.248422	%
	 Ending Net Weighted Average Loan Rate
	  	6.224667	%
		
	 Weighted Average Maturity (WAM) (Months)
	  	207	 
		
	 Aggregate Pool Prepayment
	  	8,035,983.54	 
	 Pool Prepayment Rate
	  	36.8659 CPR	 
		
	 Certificate Account
	  	 	 
		
	 Beginning Balance
	  	0.00	 
		
	 Deposit
	  	 	 
	 Payments of Interest and Principal
	  	10,999,199.66	 
	 Liquidation Proceeds
	  	0.00	 
	 All Other Proceeds
	  	0.00	 
	 Other Amounts
	  	0.00	 
	 Total Deposits
	  	10,999,199.66	 
		
	 Withdrawals
	  	 	 
	 Reimbursement of Servicer Advances
	  	0.00	 
	 Payment of Master Servicer Fees
	  	90,575.81	 
	 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
	  	28,442.15	 
	 Payment of Principal and Interest
	  	10,880,181.70	 
	 Total Withdrawals
	  	10,999,199.66	 
		
	 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
	  	3,220,605.85	 	 	620,589.68	 	 	1,033,381.98	 	 	602,661.82	 	 	0.00	 	 	5,477,239.33	 
	 Percentage of Total Pool Balance
	  	1,552043	%	 	0.299069	%	 	0.497998	%	 	0.290429	%	 	0.000000	%	 	2.639539	%
	 Number of Loans
	  	91	 	 	16	 	 	29	 	 	6	 	 	0	 	 	142	 
	 Percentage of Total Loans
	  	1.842105	%	 	0.323887	%	 	0.587045	%	 	0.121457	%	 	0.000000	%	 	2.874494	%
							
	 Foreclosure
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	910,408.42	 
	 Percentage of Total Pool Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.438735	%
	 Number of Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	11	 
	 Percentage of Total Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.222672	%
							
	 Bankruptcy
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Scheduled Principal Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	174,031.89	 
	 Percentage of Total Pool Balance
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.083868	%
	 Number of Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	6	 
	 Percentage of Total Loans
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.121457	%
							
	 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
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	71,272.51	 
	 Additional Gains (Recoveries)/Losses
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 Total Realized Losses
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	228,199.87	 

 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
	  	4,349,274.33
	 Specified Overcollateralization Amount
	  	7,730,957.40
		
	 Overcollateralization Reduction Amount
	  	0.00
		
	 Excess Interest used as Accelerated Principal
	  	845,814.15

  
 ADDITIONAL REPORTING
ITEMS 
  

	 Cumulative losses as percentage of original Pool Balance
	  	0.07936214	%
	 Cumulative losses as percentage of current Pool Balance
	  	0.10997189	%
		
	 12-month rolling average of cumulative losses as percentage of original Pool Balance
	  	0.13393751	%
	 3-month rolling average of Mortgage Loans 60+ days delinquent
	  	0.00991178	 
		
	 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
	  	2,048,837.10MONTHLY PAYMENT DATE STATEMENT

 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 
  
 December 26, 2003 
  
 Distribution In Dollars 

	 Class

	  	 Original
 Face
 Value

	  	 Beginning
Principal
 Balance

	  	Principal

	  	Interest

	  	Total

	  	Realized
Loses

	  	Deferred
Interest

	  	 Ending
 Principal
 Balance

	 A1
	  	203,191,000.00	  	200,554,858.62	  	2,004,704.79	  	745,754.92	  	2,751,459.71	  	0.00	  	0.00	  	198,550,153.83
	 M1
	  	2,820,000.00	  	2,818,25.89	  	600.16	  	10,493.62	  	11,093.78	  	0.00	  	0.00	  	2,817,654.73
	 M2
	  	1,044,000.00	  	1,043,353.93	  	222.19	  	3,884.87	  	4,107.06	  	0.00	  	0.00	  	1,043,131.74
	 M3
	  	835,000.00	  	834,483.28	  	177.71	  	3,107.15	  	3,284.86	  	0.00	  	0.00	  	834,305.57
	 B1
	  	313,000.00	  	312,806.31	  	66.61	  	1,164.72	  	1,231.33	  	0.00	  	0.00	  	312,739.70
	 B2
	  	313,000.00	  	312,806.31	  	66.61	  	1,164.72	  	1,231.33	  	0.00	  	0.00	  	312,739.70
	 B3
	  	421,221.00	  	420,960.33	  	89.65	  	1,567.42	  	1,657.07	  	0.00	  	0.00	  	420,870.68
	 R
	  	0.00	  	0.00	  	0.00	  	0.07	  	0.07	  	0.00	  	0.00	  	0.00
	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	 TOTALS
	  	208,937,221.00	  	206,297,523.67	  	2,005,927.72	  	768,137.49	  	2,774,065.21	  	0.00	  	0.00	  	204,291,595.95
	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

  

	 Factor Information Per $1000 Of Original Face

	  	Pass-Through Rates

	 
	 Class

	  	Cusip

	  	 Beginning
 Principal

	  	Principal

	  	Interest

	  	Total

	  	 Ending
 Principal

	  	Class

	  	 Current
 Pass Thru
Rate

	 
	 A1
	  	395387AA1	  	987.02628866	  	9.86611016	  	3.67513778	  	13.54124794	  	977.16017850	  	A1	  	4.468134	%
	 M1
	  	395387AB9	  	999.38116667	  	0.21282270	  	3.72114184	  	3.93396454	  	999.16834397	  	M1	  	4.468134	%
	 M2
	  	395387AC7	  	999.38115900	  	0.21282567	  	3.72113985	  	3.93396552	  	999.16833333	  	M2	  	4.468134	%
	 M3
	  	395387AD5	  	999.38117365	  	0.21282635	  	3.72113772	  	3.93396407	  	999.16834731	  	M3	  	4.468134	%
	 B1
	  	395387AE3	  	999.38118211	  	0.21281150	  	3.72115016	  	3.93396166	  	999.16837061	  	B1	  	4.468134	%
	 B2
	  	395387AF0	  	999.38118211	  	0.21281150	  	3.72115016	  	3.93396166	  	999.16837061	  	B2	  	4.468134	%
	 B3
	  	395387AG8	  	999.38115621	  	0.21283364	  	3.72113451	  	3.93396815	  	999.16832257	  	B3	  	4.468134	%
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	 	  	 	 
	 TOTALS
	  	 	  	987.36607428	  	9.60062410	  	3.67640331	  	13.27702741	  	977.76545018	  	 	  	 	 
	 	  	 	  	
	  	
	  	
	  	
	  	
	  	 	  	 	 

	 Available Funds
	  	2,774,065.21
		
	 Scheduled Principal Payments
	  	43,932.30
	 Principal Prepayments
	  	1,961,995.43
	 Repurchase Principal
	  	0.00
	 Substitution Amounts
	  	0.00
	 Net Liquidation Proceeds
	  	0.00
	 Insurance Proceeds
	  	0.00
	 Other Principal
	  	0.00
		
	 Gross Interest
	  	813,007.19
		
	 Master Servicing Fees
	  	42,978.65
	 Trustee Fees
	  	1,891.06
		
	 Current Monthly Advances
	  	80,497.03
		
	 Beginning Number of Loans Outstanding
	  	492
	 Beginning Aggregate Loan Balance
	  	206,297,524.49
		
	 Ending Number of Loans Outstanding
	  	487
	 Ending Aggregate Loan Balance
	  	204,291,596.76

  
 Delinquent Mortgage Loans 

 

	 	  	Group Totals

	  	 	  	 	  	 	 
	 	  	Category

	  	Number

	  	Principal
Balance

	  	Percentage

	 
	 	  	1 Month	  	2	  	1,940,000.00	  	0.95	%
	 	  	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

	  	 	  	 	 
	 	  	Number

	  	Principal
Balance

	  	Percentage

	 
	 	  	0	  	0.00	  	0.00	%

 * Only Current
Bankruptcies are reflected in the table above. 
  
 Foreclosures 
  

	 	  	Group Totals

	  	 	  	 	 
	 	  	Number

	  	Principal
Balance

	  	Percentage

	 
	 	  	0	  	0.00	  	0.00	%

  
 REO Properties 
  

	 	  	Group
Totals

	  	 	  	 	 
	 	  	Number

	  	Principal
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
	  	3,756,900.96	 
	 Bankruptcy Coverage Amount
	  	100,000.00	 
	 Fraud Loss Coverage Amount
	  	2,008,937.00	 
		
	 Senior Percentage (for next Distribution Date)
	  	97.189585	%
	 Subordinate Percentage (for next Distribution Date)
	  	2.810415	%
		
	 Senior Prepayment Percentage (for next Distribution Date)
	  	100.000000	%
	 Subordinate Prepayment Percentage (for next Distribution Date)
	  	0.000000 	%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00060-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00060-of-00352.parquet"}]]