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                        Mortgage Loan Purchase Agreement

                        MORTGAGE LOAN PURCHASE AGREEMENT

        This is a Mortgage Loan Purchase Agreement (the "Agreement") dated as of
October 30, 2003 between GMAC Mortgage Corporation,  a Pennsylvania corporation,
having an office at 100 Witmer  Road,  Horsham,  Pennsylvania  19044,  as seller
("GMACM" or the "Seller")  and  Residential  Asset  Mortgage  Products,  Inc., a
Delaware  corporation,  having  an  office at 8400  Normandale  Lake  Boulevard,
Minneapolis, Minnesota 55437 (the "Purchaser").

        WHEREAS, the Seller, in the ordinary course of its business acquires and
originates  mortgage  loans and acquired or originated all of the mortgage loans
listed  on the  Mortgage  Loan  Schedule  attached  as  Schedule  I hereto  (the
"Mortgage Loans");

     WHEREAS,  the  Seller  owns the  Cut-off  Date  Principal  Balances  of the
Mortgage Loans;

        WHEREAS, the parties hereto desire that the Seller sell the Cut-off Date
Principal  Balances of the Mortgage  Loans to the  Purchaser on the Closing Date
pursuant to the terms of this Agreement; and

        WHEREAS,  the parties hereto desire that the Seller  continue  servicing
the Mortgage Loans;

        NOW,  THEREFORE,   in  consideration  of  the  mutual  covenants  herein
contained, the parties hereto agree as follows:

        The following terms are defined as follows:
<TABLE>
<CAPTION>

<S>     <C>                                     <C>
        Aggregate Principal Balance
        (as of the Cut-off Date):              $519,294,999.38  (after  deduction  of scheduled
                                               principal  payments due on or before the Cut-off
                                               Date,  whether  or not  collected,  but  without
                                               deduction  of  prepayments  that may  have  been
                                               made but not  reported  to the  Seller as of the
                                               close of business on such date).
        Closing Date:
                                               October 30,  2003,  or such other
                                               date as may be agreed upon by the
                                               parties hereto.
        Cut-off Date:
                                               October 1, 2003.
        Mortgage Loan:
                                               A fixed  rate,  fully-amortizing,
                                               first      lien,      residential
                                               conventional mortgage loan having
                                               a term of not more  than 30 years
                                               and    secured    by    Mortgaged
                                               Property.
        Mortgaged Property:
                                               A single  parcel of real property
                                               on which is  located  a  detached
                                               single-family     residence,    a
                                               two-to-four  family  dwelling,  a
                                               townhouse,      an     individual
                                               condominium     unit,    or    an
                                               individual unit in a planned unit
                                               development,   or  a  proprietary
                                               lease    in   a    unit    in   a
                                               cooperatively-owned     apartment
                                               building and stock in the related
                                               cooperative corporation.

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<PAGE>

        Pooling and Servicing Agreement:
                                               The   pooling    and    servicing
                                               agreement,  dated  as of  October
                                               30, 2003, among Residential Asset
                                               Mortgage   Products,   Inc.,   as
                                               company,       GMAC      Mortgage
                                               Corporation, as servicer and Bank
                                               One,  National  Association,   as
                                               trustee (the "Trustee"),  related
                                               to     the     Series     2003-J7
                                               Certificates.
        Repurchase Event:
                                               With respect to any Mortgage Loan
                                               as to which the  Seller  delivers
                                               an affidavit  certifying that the
                                               original  Mortgage  Note has been
                                               lost or  destroyed,  a subsequent
                                               default on such  Mortgage Loan if
                                               the enforcement thereof or of the
                                               related  Mortgage  is  materially
                                               and  adversely  affected  by  the
                                               absence of such original Mortgage
                                               Note.
</TABLE>

        All  capitalized  terms  used  but not  defined  herein  shall  have the
meanings  assigned thereto in the Pooling and Servicing  Agreement.  The parties
intend  hereby to set forth the terms and  conditions  upon  which the  proposed
transactions  will be effected  and, in  consideration  of the  premises and the
mutual agreements set forth herein, agree as follows:

SECTION 1. Agreement to Sell and Purchase  Mortgage Loans.  The Seller agrees to
sell to the Purchaser  and the Purchaser  agrees to purchase from the Seller the
Mortgage  Loans having an aggregate  principal  balance  equal to the  Aggregate
Principal Balance of the Mortgage Loans.

SECTION 2.  Mortgage Loan  Schedule.  The Seller has provided to the Purchaser a
schedule  setting forth all of the Mortgage Loans to be purchased on the Closing
Date  under this  Agreement,  attached  hereto as  Schedule  I  ("Mortgage  Loan
Schedule").

SECTION 3. Purchase  Price of Mortgage  Loans.  The purchase price to be paid to
the  Seller by the  Purchaser  for the  Mortgage  Loans  shall be the sum of (i)
$502,792,816.55,  (ii) the Class PO, the Class IO Certificates and (iii) a 0.02%
Percentage  Interest  in each of the  Class  R-I  Certificates  and  Class  R-II
Certificates  issued pursuant to the Pooling and Servicing  Agreement.  The cash
portion of the purchase  price due to the Seller shall be paid by wire  transfer
of immediately  available funds on the Closing Date to the account  specified by
the Seller.

        The Purchaser and Seller intend that the conveyance by the Seller to the
Purchaser of the Seller's right, title and interest in and to the Mortgage Loans
pursuant to this Agreement shall be, and be construed as, a sale of the Mortgage
Loans by the Seller to the  Purchaser.  It is,  further,  not intended that such
conveyance be deemed to be a grant of a security  interest in the Mortgage Loans

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<PAGE>

by the  Seller  to the  Purchaser  to secure a debt or other  obligation  of the
Seller. However, in the event that the Mortgage Loans are held to be property of
the Seller,  or if for any reason this  Agreement  is held or deemed to create a
security  interest in the Mortgage  Loans,  then it is intended  that,  (a) this
Agreement  shall be and hereby is a  security  agreement  within the  meaning of
Articles 9 of the  Pennsylvania  Uniform  Commercial  Code, the Delaware Uniform
Commercial  Code  and  the  Uniform  Commercial  Code  of any  other  applicable
jurisdiction; (b) the conveyance provided for in this Section shall be deemed to
be, and hereby is, a grant by the Seller to the Purchaser of a security interest
in the  Seller's  right,  title and  interest,  whether  now owned or  hereafter
acquired,  in and to the following:  (A) the Mortgage Loans,  including (i) with
respect to each Cooperative Loan, the related Mortgage Note, Security Agreement,
Assignment of Proprietary  Lease,  Cooperative  Stock  Certificate,  Cooperative
Lease,  (ii) with respect to each Mortgage  Loan other than a Cooperative  Loan,
the related Mortgage Note and Mortgage and (iii) any insurance  policies and all
other documents in the related  Mortgage File, (B) all amounts payable  pursuant
to the Mortgage Loans in accordance with the terms thereof,  (C) all proceeds of
the  conversion,   voluntary  or  involuntary,   of  the  foregoing  into  cash,
instruments,   securities  or  other   property,   (D)  all  accounts,   general
intangibles,  chattel paper,  instruments,  documents,  money, deposit accounts,
goods, letters of credit, letter-of-credit rights, oil, gas, and other minerals,
and  investment  property  consisting of, arising from or relating to any of the
foregoing  and (E) all  proceeds of the  foregoing;  (c) the  possession  by the
Trustee, the Custodian or any other agent of the Trustee of any of the foregoing
shall be deemed to be  possession  by the  secured  party,  or  possession  by a
purchaser  or a person  holding  for the  benefit  of such  secured  party,  for
purposes of  perfecting  the  security  interest  pursuant  to the  Pennsylvania
Uniform  Commercial Code, the Delaware  Uniform  Commercial Code and the Uniform
Commercial  Code  of  any  other  applicable  jurisdiction  (including,  without
limitation,  Sections 9-313 and 9-314 of each thereof); and (d) notifications to
persons holding such property,  and  acknowledgments,  receipts or confirmations
from  persons  holding  such  property,  shall be  deemed  notifications  to, or
acknowledgments,  receipts or  confirmations  from,  securities  intermediaries,
bailees or agents of, or persons  holding for, the Trustee (as  applicable)  for
the purpose of  perfecting  such security  interest  under  applicable  law. The
Seller shall, to the extent consistent with this Agreement, take such reasonable
actions as may be necessary to ensure that, if this Agreement were determined to
create  a  security  interest  in the  Mortgage  Loans  and the  other  property
described  above,  such security  interest would be determined to be a perfected
security  interest of first priority under applicable law and will be maintained
as such throughout the term of this Agreement.  Without  limiting the generality
of the foregoing, the Seller shall prepare and deliver to the Purchaser not less
than 15 days prior to any filing date,  and the  Purchaser  shall file, or shall
cause to be filed,  at the  expense of the  Seller,  all  filings  necessary  to
maintain the  effectiveness of any original filings  necessary under the Uniform
Commercial  Code as in effect in any  jurisdiction  to perfect  the  Purchaser's
security  interest in the  Mortgage  Loans,  including  without  limitation  (x)
continuation  statements,  and (y) such other statements as may be occasioned by
(1) any change of name of the Seller or the Purchaser, (2) any change of type or
jurisdiction of organization of the Seller,  or (3) any transfer of any interest
of the Seller in any Mortgage Loan.

        Notwithstanding  the  foregoing,  (i) GMACM in its  capacity as Servicer
shall  retain all  servicing  rights  (including,  without  limitation,  primary
servicing  and master  servicing)  relating  to or arising  out of the  Mortgage
Loans,  and all rights to receive  servicing  fees,  servicing  income and other
payments made as compensation for such servicing granted to it under the Pooling
and Servicing  Agreement  pursuant to the terms and conditions set forth therein

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<PAGE>

(collectively,  the  "Servicing  Rights") and (ii) the Servicing  Rights are not
included  in the  collateral  in which the  Seller  grants a  security  interest
pursuant to the immediately preceding paragraph.

SECTION 4. Record Title and  Possession  of Mortgage  Files.  The Seller  hereby
sells,  transfers,  assigns,  sets over and  conveys to the  Purchaser,  without
recourse,  but  subject to the terms of this  Agreement  and the  Seller  hereby
acknowledges that the Purchaser,  subject to the terms of this Agreement,  shall
have all the  right,  title and  interest  of the  Seller in and to the  related
Mortgage Loans. From the Closing Date, but as of the Cut-off Date, the ownership
of each Mortgage Loan,  including the Mortgage Note, the Mortgage,  the contents
of the related Mortgage File and all rights, benefits,  proceeds and obligations
arising therefrom or in connection therewith,  has been vested in the Purchaser.
All rights arising out of the Mortgage Loans including,  but not limited to, all
funds  received on or in connection  with the Mortgage  Loans and all records or
documents  with respect to the Mortgage Loans prepared by or which come into the
possession  of the Seller  shall be received and held by the Seller in trust for
the exclusive  benefit of the Purchaser as the owner of the Mortgage  Loans.  On
and after the  Closing  Date,  any  portion  of the  related  Mortgage  Files or
servicing  files related to the Mortgage  Loans (the  "Servicing  Files") in the
Seller's  possession shall be held by GMACM in a custodial capacity only for the
benefit of the Purchaser. GMACM shall release its custody of any contents of the
related  Mortgage  Files or  Servicing  Files only in  accordance  with  written
instructions of the Purchaser or the Purchaser's designee.

SECTION 5. Books and Records.  The sale of each Mortgage Loan has been reflected
on the Seller's balance sheet and other financial statements as a sale of assets
by the  Seller.  The Seller  shall be  responsible  for  maintaining,  and shall
maintain, a complete set of books and records for the Mortgage Loans which shall
be appropriately  identified in the Seller's  computer system to clearly reflect
the ownership of the Mortgage Loans by the Purchaser.

SECTION 6.     Delivery of Mortgage Notes.

(a) On or prior to the Closing Date, in  connection  with the  conveyance by the
Seller of the Mortgage  Loans,  the Seller shall deliver to the Purchaser or the
Custodian,  as directed by the  Purchaser,  the  original  Mortgage  Note,  with
respect to each Mortgage Loan so assigned,  endorsed  without recourse in blank,
or in the name of the Trustee as trustee,  and signed by an  authorized  officer
(which  endorsement  shall contain  either an original  signature or a facsimile
signature  of an  authorized  officer  of the  Seller,  and if in the form of an
allonge,  the  allonge  shall  be  stapled  to  the  Mortgage  Note),  with  all
intervening  endorsements  showing a complete chain of title from the originator
to the Seller.  If the  Mortgage  Loan was acquired by the endorser in a merger,
the  endorsement  must be by  "____________,  successor  by  merger  to [name of
predecessor]".  If the Mortgage  Loan was acquired or originated by the endorser
while  doing  business  under  another  name,   the   endorsement   must  be  by
"____________  formerly known as [previous name]." The delivery of each Mortgage
Note to the Purchaser or the Custodian is at the expense of the Seller.

        In lieu of delivering  the Mortgage Note relating to any Mortgage  Loan,
the Seller may deliver or cause to be delivered a lost note  affidavit  from the
Seller stating that the original Mortgage Note was lost, misplaced or destroyed,
and, if available,  a copy of each original  Mortgage Note;  provided,  however,
that in the case of  Mortgage  Loans  which have been  prepaid in full after the

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<PAGE>

Cut-off Date and prior to the Closing  Date,  the Seller,  in lieu of delivering
the above documents, may deliver to the Purchaser a certification to such effect
and shall  deposit  all  amounts  paid in respect of such  Mortgage  Loan in the
Payment Account on the Closing Date.

(b) If any Mortgage  Note is not delivered to the Purchaser (or the Custodian as
directed by the Purchaser) or the Purchaser discovers any defect with respect to
a Mortgage  Note which  materially  and  adversely  affects the interests of the
Certificateholders in the related Mortgage Loan, the Purchaser shall give prompt
written  specification of such defect or omission to the Seller,  and the Seller
shall cure such defect or omission in all material  respects or repurchase  such
Mortgage Loan or substitute a Qualified  Substitute  Mortgage Loan in the manner
set forth in Section 7.03. It is  understood  and agreed that the  obligation of
the Seller to cure a material  defect in, or  substitute  for, or  purchase  any
Mortgage Loan as to which a material  defect in, or omission of, a Mortgage Note
exists,  shall  constitute the sole remedy  respecting  such material  defect or
omission available to the Purchaser, Certificateholders or the Trustee on behalf
of Certificateholders.

(c) All  other  documents  contained  in the  Mortgage  File  and  any  original
documents  relating to the Mortgage  Loans not contained in the Mortgage File or
delivered to the  Purchaser,  are and shall be retained by the Servicer in trust
as agent for the Purchaser.

        In the event that in connection with any Mortgage Loan: (a) the original
recorded Mortgage (or evidence of submission to the recording  office),  (b) all
interim recorded assignments,  (c) the original recorded modification agreement,
if  required,  or (d)  evidence  of title  insurance  (together  with all riders
thereto,  if any) satisfying the  requirements of clause (I)(ii),  (iv), (vi) or
(vii) of the definition of Mortgage File, respectively, is not in the possession
of the Servicer concurrently with the execution and delivery hereof because such
document  or  documents  have  not been  returned  from  the  applicable  public
recording  office,   or,  in  the  case  of  each  such  interim  assignment  or
modification  agreement,  because the related  Mortgage has not been returned by
the appropriate recording office, in the case of clause (I)(ii), (iv) or (vi) of
the definition of Mortgage File, or because the evidence of title  insurance has
not been  delivered  to the  Seller by the title  insurer  in the case of clause
(I)(vii) of the  definition of Mortgage  File,  the Servicer  shall use its best
efforts  to  obtain,  (A) in the  case of  clause  (I)(ii),  (iv) or (vi) of the
definition of Mortgage File, such original Mortgage, such interim assignment, or
such modification  agreement,  with evidence of recording indicated thereon upon
receipt thereof from the public recording office, or a copy thereof,  certified,
if appropriate,  by the relevant  recording office, or (B) in the case of clause
(I)(vii) of the definition of Mortgage File, evidence of title insurance.

(d) If any of the  documents  held by the Servicer  pursuant to clause (c) above
are  missing or  defective  in any other  respect and such  missing  document or
defect materially and adversely affects the interests of the  Certificateholders
in the related  Mortgage Loan, the Seller shall cure or repurchase such Mortgage
Loan or substitute a Qualified  Substitute Mortgage Loan in the manner set forth
in Section 7.03. It is understood  and agreed that the  obligation of the Seller
to cure a material  defect in, or substitute  for, or purchase any Mortgage Loan
as to which a material defect in or omission of a constituent  document  exists,
shall  constitute the sole remedy  respecting  such material  defect or omission
available  to the  Purchaser,  Certificateholders  or the  Trustee  on behalf of
Certificateholders.

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<PAGE>

(e) If any assignment is lost or returned  unrecorded to the Servicer because of
any defect  therein,  the Seller shall  prepare a substitute  assignment or cure
such defect, as the case may be, and the Servicer shall cause such assignment to
be recorded in accordance with this Section.

SECTION 7.     Representations and Warranties.

SECTION 7.01  Representations  and Warranties of Seller.  The Seller represents,
warrants  and  covenants to the  Purchaser  that as of the Closing Date or as of
such date specifically provided herein:

(a) The Seller is a corporation  duly  organized,  validly  existing and in good
standing under the laws of the Commonwealth of Pennsylvania and is or will be in
compliance  with the  laws of each  state in which  any  Mortgaged  Property  is
located to the extent  necessary to ensure the  enforceability  of each Mortgage
Loan;

(b) The Seller has the power and authority to make, execute, deliver and perform
its obligations  under this Agreement and all of the  transactions  contemplated
under this Agreement,  and has taken all necessary corporate action to authorize
the  execution,  delivery and  performance  of this  Agreement;  this  Agreement
constitutes a legal,  valid and binding  obligation  of the Seller,  enforceable
against the Seller in accordance with its terms, except as enforceability may be
limited by  applicable  bankruptcy,  insolvency,  reorganization,  moratorium or
other  similar laws now or  hereafter in effect  affecting  the  enforcement  of
creditors' rights in general and except as such enforceability may be limited by
general  principles of equity  (whether  considered in a proceeding at law or in
equity) or by public  policy with respect to  indemnification  under  applicable
securities laws;

(c)  The  execution  and  delivery  of  this  Agreement  by the  Seller  and its
performance and compliance with the terms of this Agreement will not violate the
Seller's Certificate of Incorporation or Bylaws or constitute a material default
(or an event which,  with notice or lapse of time, or both,  would  constitute a
material  default)  under,  or result in the  material  breach of, any  material
contract,  agreement or other instrument to which the Seller is a party or which
may be applicable to the Seller or any of its assets;

(d) No litigation  before any court,  tribunal or governmental body is currently
pending,  nor to the knowledge of the Seller is  threatened  against the Seller,
nor is there any such litigation  currently pending, nor to the knowledge of the
Seller threatened  against the Seller with respect to this Agreement that in the
opinion of the Seller has a  reasonable  likelihood  of  resulting in a material
adverse effect on the transactions contemplated by this Agreement;

(e) No consent,  approval,  authorization  or order of any court or governmental
agency or body is required for the  execution,  delivery and  performance by the
Seller of or  compliance  by the  Seller  with this  Agreement,  the sale of the
Mortgage Loans or the  consummation  of the  transactions  contemplated  by this
Agreement except for consents,  approvals,  authorizations and orders which have
been obtained;

(f) The  consummation of the  transactions  contemplated by this Agreement is in
the ordinary course of business of the Seller, and the transfer,  assignment and
conveyance  of the  Mortgage  Notes and the  Mortgages  relating to the Mortgage
Loans by the Seller  pursuant to this Agreement are not subject to bulk transfer
or any similar statutory provisions in effect in any applicable jurisdiction;

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<PAGE>

(g) The Seller did not select such Mortgage Loans in a manner that it reasonably
believed  was adverse to the  interests of the  Purchaser  based on the Seller's
portfolio of conventional non-conforming Mortgage Loans;

(h) The Seller will treat the sale of the Mortgage  Loans to the  Purchaser as a
sale for reporting and accounting purposes and, to the extent  appropriate,  for
federal income tax purposes;

(i) The Seller is an approved  seller/servicer of residential mortgage loans for
Fannie Mae and Freddie  Mac.  The Seller is in good  standing  to sell  mortgage
loans to and service  mortgage loans for Fannie Mae and Freddie Mac and no event
has  occurred  which  would make the Seller  unable to comply  with  eligibility
requirements or which would require notification to either Fannie Mae or Freddie
Mac; and

(j) No written statement,  report or other document furnished or to be furnished
pursuant to the Agreement contains or will contain any statement that is or will
be inaccurate or misleading in any material respect.

SECTION 7.02 Representations and Warranties as to Individual Mortgage Loans. The
Seller hereby represents and warrants to the Purchaser, as to each Mortgage Loan
(except as otherwise specified below), as of the Closing Date, as follows:

(a) The  information  set forth in the Mortgage Loan Schedule is true,  complete
and correct in all material respects as of the Cut-off Date;

(b) The original mortgage,  deed of trust or other evidence of indebtedness (the
"Mortgage")  creates  a first  lien on an estate  in fee  simple or a  leasehold
interest in real property  securing the related Mortgage Note, free and clear of
all adverse claims,  liens and encumbrances  having priority over the first lien
of the  Mortgage  subject  only to (1) the lien of  non-delinquent  current real
property  taxes  and  assessments  not  yet  due  and  payable,  (2)  covenants,
conditions  and  restrictions,  rights of way,  easements  and other  matters of
public  record as of the date of  recording  which are  acceptable  to  mortgage
lending institutions  generally,  and (3) other matters to which like properties
are commonly subject which do not materially  interfere with the benefits of the
security intended to be provided by the Mortgage or the use, enjoyment, value or
marketability of the related Mortgaged Property;

(c) The Mortgage  Loan has not been  delinquent  thirty (30) days or more at any
time during the twelve  (12) month  period  prior to the  Cut-off  Date for such
Mortgage  Loan. As of the Closing Date,  the Mortgage Loan is not  delinquent in
payment  more than 30 days and has not been  dishonored;  there are no  defaults
under the terms of the Mortgage Loan; and the Seller has not advanced  funds, or
induced, solicited or knowingly received any advance of funds from a party other
than the owner of the Mortgaged  Property  subject to the Mortgage,  directly or
indirectly, for the payment of any amount required by the related Mortgage Loan;

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(d) There are no  delinquent  taxes  which are due and  payable,  ground  rents,
assessments  or  other  outstanding  charges  affecting  the  related  Mortgaged
Property;

(e) The Mortgage Note and the Mortgage have not been impaired,  waived,  altered
or  modified  in any  respect,  except by  written  instruments  which have been
recorded to the extent any such  recordation is required by applicable law or is
necessary  to  protect  the  interests  of the  Purchaser,  and which  have been
approved by the title insurer and the primary mortgage  insurer,  as applicable,
and copies of which written  instruments  are included in the Mortgage  File. No
other instrument of waiver, alteration or modification has been executed, and no
Mortgagor  has been  released  by the  Seller  or,  to the best of the  Seller's
knowledge,  by any other  person,  in whole or in part,  from the terms  thereof
except in connection with an assumption agreement, which assumption agreement is
part of the Mortgage  File and the terms of which are  reflected on the Mortgage
Loan Schedule;

(f) The  Mortgage  Note  and  the  Mortgage  are not  subject  to any  right  of
rescission,  set-off,  counterclaim or defense,  including the defense of usury,
nor  will  the  operation  of any of the  terms  of the  Mortgage  Note  and the
Mortgage,  or the exercise of any right thereunder,  render the Mortgage Note or
Mortgage  unenforceable,  in  whole  or in  part,  or  subject  to any  right of
rescission,  set-off,  counterclaim or defense,  including the defense of usury,
and no such right of  rescission,  set-off,  counterclaim  or  defense  has been
asserted with respect thereto;

(g) All  buildings  upon the  Mortgaged  Property  are  insured  by a  generally
acceptable  insurer  pursuant  to standard  hazard  policies  conforming  to the
requirements  of Fannie Mae and Freddie Mac. All such standard  hazard  policies
are in effect and on the date of  origination  contained  a  standard  mortgagee
clause  naming the Seller and its  successors in interest as loss payee and such
clause is still in  effect.  If the  Mortgaged  Property  is  located in an area
identified by the Federal  Emergency  Management  Agency as having special flood
hazards  under the Flood  Disaster  Protection  Act of 1973,  as  amended,  such
Mortgaged  Property  is covered by flood  insurance  by a  generally  acceptable
insurer in an amount not less than the  requirements  of Fannie Mae and  Freddie
Mac.  The  Mortgage  obligates  the  Mortgagor  thereunder  to maintain all such
insurance at the Mortgagor's cost and expense, and on the Mortgagor's failure to
do so,  authorizes  the holder of the Mortgage to maintain such insurance at the
Mortgagor's  cost  and  expense  and to seek  reimbursement  therefor  from  the
Mortgagor;

(h)  Each  Mortgage  Loan as of the  time  of its  origination  complied  in all
material respects with all applicable local, state and federal laws,  including,
but not limited to, all applicable predatory lending laws;

(i) The Mortgage has not been satisfied,  canceled or subordinated,  in whole or
in part, or rescinded, and the Mortgaged Property has not been released from the
lien of the Mortgage,  in whole or in part nor has any instrument  been executed
that would effect any such satisfaction, release, cancellation, subordination or
rescission;

(j) The Mortgage Note and the related Mortgage are original and genuine and each
is the legal, valid and binding obligation of the maker thereof,  enforceable in
all respects in accordance with its terms subject to bankruptcy,  insolvency and
other laws of general application affecting the rights of creditors. All parties
to the Mortgage  Note and the Mortgage had the legal  capacity to enter into the

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<PAGE>

Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage. The
Mortgage  Note and the  Mortgage  have been duly and  properly  executed by such
parties.  The proceeds of the Mortgage Note have been fully  disbursed and there
is no requirement for future advances thereunder;

(k) With respect to each Mortgage  Loan, (A)  immediately  prior to the transfer
and  assignment  to the  Purchaser,  the Mortgage Note and the Mortgage were not
subject to an assignment or pledge, except for any assignment or pledge that had
been  satisfied  and  released,  (B) the  Seller had good and  marketable  title
thereto  and was the sole  owner  thereof,  and (C) the Seller had full right to
transfer  and sell the  Mortgage  Loan to the  Purchaser  free and  clear of any
encumbrance, equity, lien, pledge, charge, claim or security interest;

(l) The Mortgage Loan is covered by an ALTA lender's title  insurance  policy or
other  generally  acceptable  form of policy of  insurance,  with all  necessary
endorsements,  issued  by a  title  insurer  qualified  to do  business  in  the
jurisdiction where the Mortgaged  Property is located,  insuring (subject to the
exceptions  contained  in clause (b) (1),  (2) and (3) above)  the  Seller,  its
successors  and assigns,  as to the first  priority  lien of the Mortgage in the
original  principal  amount of the Mortgage Loan.  Such title  insurance  policy
affirmatively  insures ingress and egress and against  encroachments  by or upon
the Mortgaged  Property or any interest therein.  The Seller is the sole insured
of such lender's title insurance  policy,  such title insurance  policy has been
duly and validly endorsed to the Purchaser or the assignment to the Purchaser of
the Seller  interest  therein does not require the consent of or notification to
the insurer and such lender's title insurance policy is in full force and effect
and will be in full force and effect upon the  consummation of the  transactions
contemplated  by this  Agreement.  No claims have been made under such  lender's
title insurance policy, and no prior holder of the related Mortgage has done, by
act or omission, anything which would impair the coverage of such lender's title
insurance policy;

(m) To the Seller's knowledge,  there is no default,  breach, violation or event
of acceleration  existing under the Mortgage or the related Mortgage Note and no
event which,  with the passage of time or with notice and the  expiration of any
grace or cure period,  would  constitute a default,  breach,  violation or event
permitting  acceleration;  and  neither the Seller nor any prior  mortgagee  has
waived any default, breach, violation or event permitting acceleration;

(n) To the  Seller's  knowledge,  there are no  mechanics,  or similar  liens or
claims which have been filed for work,  labor or material  affecting the related
Mortgaged  Property  which are or may be liens  prior to or equal to the lien of
the related Mortgage;

(o) To the Seller's knowledge, all improvements lie wholly within the boundaries
and building  restriction lines of the Mortgaged Property (and wholly within the
project with respect to a  condominium  unit) and no  improvements  on adjoining
properties  encroach upon the Mortgaged  Property except those which are insured
against by the title  insurance  policy  referred to in clause (l) above and all
improvements on the property  comply with all applicable  zoning and subdivision
laws and ordinances;

(p) The Mortgage Loan is a "qualified mortgage" under Section 860(G)(a)(3)(A) of
the Code and Treasury Regulations Section 1.860G-2(a)(1);

                                       9
<PAGE>

(q)  The  Mortgage  Loan  was  originated  by  the  Seller  or  by  an  eligible
correspondent of the Seller. The Mortgage Loan complies in all material respects
with all the terms,  conditions and  requirements  of the Seller's  underwriting
standards  in effect  at the time of  origination  of such  Mortgage  Loan.  The
Mortgage Notes and Mortgages are on uniform Fannie  Mae/Freddie  Mac instruments
or are on forms acceptable to Fannie Mae or Freddie Mac;

(r) The Mortgage  Loan  contains  the usual and  enforceable  provisions  of the
originator at the time of origination for the acceleration of the payment of the
unpaid  principal amount if the related  Mortgaged  Property is sold without the
prior  consent of the  mortgagee  thereunder.  The Mortgage Loan has an original
term to maturity of not more than 30 years,  with interest payable in arrears on
the first day of each month.  Except as otherwise set forth on the Mortgage Loan
Schedule,  the Mortgage Loan does not contain  terms or  provisions  which would
result in negative  amortization  nor contain  "graduated  payment"  features or
"buydown" features;

(s) To the Seller's  knowledge,  the Mortgaged  Property at  origination  of the
Mortgage Loan was and  currently is free of damage and waste and at  origination
of the Mortgage Loan there was, and there  currently  is, no proceeding  pending
for the total or partial condemnation thereof;

(t) The related Mortgage contains  enforceable  provisions such as to render the
rights and remedies of the holder thereof  adequate for the realization  against
the  Mortgaged  Property  of the  benefits  of the  security  provided  thereby,
including,  (1) in the case of a  Mortgage  designated  as a deed of  trust,  by
trustee's  sale,  and (2)  otherwise  by judicial  foreclosure.  To the Seller's
knowledge,  there is no homestead or other exemption  available to the Mortgagor
which  would  interfere  with  the  right to sell the  Mortgaged  Property  at a
trustee's sale or the right to foreclose the Mortgage;

(u) If the Mortgage  constitutes a deed of trust,  a trustee,  duly qualified if
required under  applicable law to act as such, has been properly  designated and
currently so serves and is named in the Mortgage, and no fees or expenses are or
will become  payable by the  Purchaser  to the trustee  under the deed of trust,
except in connection with a trustees sale or attempted sale after default by the
Mortgagor;

(v) If required by the applicable  processing  style, the Mortgage File contains
an  appraisal  of the related  Mortgaged  Property  made and signed prior to the
final  approval  of the  mortgage  loan  application  by an  appraiser  that  is
acceptable  to  Fannie  Mae or  Freddie  Mac and  approved  by the  Seller.  The
appraisal,  if applicable,  is in a form  generally  acceptable to Fannie Mae or
Freddie Mac;

(w) To the Seller's  knowledge,  each of the Mortgaged  Properties consists of a
single parcel of real property with a detached  single-family  residence erected
thereon,  or  a  two-  to  four-family  dwelling,  a  townhouse,  an  individual
condominium unit in a condominium  project, an individual unit in a planned unit
development or a proprietary lease on a cooperatively  owned apartment and stock
in the related  cooperative  corporation.  Any condominium  unit or planned unit
development   either  conforms  with  applicable   Fannie  Mae  or  Freddie  Mac

                                       10
<PAGE>

requirements  regarding such dwellings or is covered by a waiver confirming that
such condominium unit or planned unit development is acceptable to Fannie Mae or
Freddie  Mac  or is  otherwise  "warrantable"  with  respect  thereto.  No  such
residence is a mobile home or manufactured dwelling;

(x) The ratio of the original outstanding  principal amount of the Mortgage Loan
to the lesser of the appraised  value (or stated value if an appraisal was not a
requirement of the  applicable  processing  style) of the Mortgaged  Property at
origination  or the  purchase  price of the  Mortgaged  Property  securing  each
Mortgage  Loan (the  "Loan-to-Value  Ratio")  is not in excess  of  95.00%.  The
original  Loan-to-Value  Ratio of each  Mortgage  Loan  either was not more than
80.00% or the excess over 80.00% is insured as to payment  defaults by a primary
mortgage  insurance policy issued by a primary  mortgage  insurer  acceptable to
Fannie Mae and Freddie Mac;

(y) The Seller is either,  and each Mortgage Loan was  originated  by, a savings
and loan association,  savings bank,  commercial bank,  credit union,  insurance
company or similar  institution which is supervised and examined by a federal or
State  authority,  or by a mortgagee  approved by the  Secretary  of Housing and
Urban Development pursuant to Section 203 and 211 of the National Housing Act;

(z) The  collection  and servicing  practices with respect to each Mortgage Note
and  Mortgage  have been in all  material  respects  legal,  normal and usual in
GMACM's general mortgage servicing  activities.  With respect to escrow deposits
and payments that GMACM collects, all such payments are in the possession of, or
under the  control of,  GMACM,  and there exist no  deficiencies  in  connection
therewith for which customary  arrangements for repayment  thereof have not been
made.  No escrow  deposits or other  charges or payments  due under the Mortgage
Note have been capitalized under any Mortgage or the related Mortgage Note;

(aa) No fraud or  misrepresentation  of a  material  fact  with  respect  to the
origination of a Mortgage Loan has taken place on the part of the Seller;

(bb) If any of the  Mortgage  Loans are  secured by a leasehold  interest,  with
respect to each leasehold interest: residential property in such area consisting
of leasehold estates is readily marketable; the lease is recorded and is in full
force and effect and is not  subject to any prior lien or  encumbrance  by which
the leasehold  could be terminated or subject to any charge or penalty;  and the
remaining  term of the lease does not  terminate  less than ten years  after the
maturity date of such Mortgage Loan; and

(cc)  The  Mortgage  Loan  is not  subject  to the  Home  Ownership  and  Equity
Protection Act of 1994 ("HOEPA").

(dd) The Mortgage Loan is not a "high-cost  home loan" as defined in the Georgia
Act, Georgia Fair Lending Act, as amended,  the New York Act, New York Predatory
Lending Law,  codified as N.Y. Banking Law ss.6-I,  N.Y. Gen. Bus. Law ss.771-a,
and N.Y. Real Prop. Acts Law ss.1302,  the Arkansas Home Loan Protection Act, as
amended, or the Kentucky Revised Statutes  ss.360.100,  as amended,  the Florida
Fair Lending Act, as amended,  the Washington,  DC Act, the Home Loan Protection
Act of 2002,  as amended,  or under the  applicable  laws of the State of Maine,
codified as Maine Laws 2003, House Bill 383.

                                       11
<PAGE>

(ee) The Mortgage Loan, if originated after October 1, 2002, and before March 7,
2003, is not secured by Mortgaged Property in the State of Georgia.

SECTION 7.03  Repurchase.  It is understood and agreed that the  representations
and warranties set forth in Sections 7.01 and 7.02 shall survive the sale of the
Mortgage  Loans to the  Purchaser  and  delivery  of the related  Mortgage  Loan
documents to the  Purchaser or its  designees  and shall inure to the benefit of
the Purchaser,  notwithstanding any restrictive or qualified  endorsement on any
Mortgage  Note or  Assignment  or the  examination  of any Mortgage  File.  Upon
discovery by the Seller or the Purchaser of a breach of the  representations and
warranties made by the Seller,  or upon the occurrence of a Repurchase Event, in
either case which materially and adversely affects interests of the Purchaser or
its  assignee  in any  Mortgage  Loan,  the  party  discovering  such  breach or
occurrence shall give prompt written notice to each of the other parties. If the
substance of any  representation  or warranty has been breached,  the repurchase
obligation  set  forth  in the  provisions  of this  Section  7.03  shall  apply
notwithstanding  any qualification as to the knowledge of the Seller.  Following
discovery  or  receipt  of notice  of any such  breach  of a  representation  or
warranty made by the Seller or the occurrence of a Repurchase  Event, the Seller
shall either (i) cure such breach in all material  respects  within 90 days from
the date  such  Person  was  notified  of such  breach or (ii)  repurchase  such
Mortgage  Loan at the related  Purchase  Price within 90 days from the date such
Person was notified of such  breach;  provided,  however,  that the Seller shall
have the option to substitute a Qualified  Substitute Mortgage Loan or Loans for
such Mortgage Loan if such  substitution  occurs within two years  following the
Closing Date; and provided  further that if the breach or occurrence would cause
the Mortgage Loan to be other than a "qualified  mortgage" as defined in Section
860G(a)(3) of the Code,  any such cure,  repurchase or  substitution  must occur
within 90 days from the earlier of the date the breach was discovered or receipt
of notice of any such breach.  In the event that any such breach  shall  involve
any  representation  or warranty set forth in Section 7.01 or those  relating to
the Mortgage Loans or a portion thereof in the aggregate, and such breach cannot
be cured within  ninety days of the earlier of either  discovery by or notice to
the Seller of such breach,  all Mortgage Loans affected by the breach shall,  at
the option of the Purchaser,  be repurchased by the Seller at the Purchase Price
or  substituted  in  accordance  with this Section 7.03. If the Seller elects to
substitute a Qualified  Substitute Mortgage Loan or Loans for a Deleted Mortgage
Loan pursuant to this Section  7.03,  such Person shall deliver to the Custodian
with respect to such Qualified  Substitute  Mortgage Loan or Loans, the original
Mortgage Note endorsed as required by Section 6, and the Seller shall deliver to
the Servicer  with  respect to such  Qualified  Substitute  Mortgage  Loan,  the
Mortgage,  an Assignment of the Mortgage in recordable form if required pursuant
to Section 6, and such other documents and agreements as are required to be held
by the  Servicer  pursuant  to  Section 6. No  substitution  will be made in any
calendar month after the Determination Date for such month. Monthly Payments due
with respect to Qualified Substitute Mortgage Loans in the month of substitution
shall not be part of the Trust Fund and will be  retained  by the  Servicer  and
remitted by the Servicer to the Seller on the next succeeding Distribution Date.
For the month of  substitution,  distributions  to the  Certificateholders  will
include the Monthly  Payment due on a Deleted  Mortgage  Loan for such month and
thereafter  the Seller  shall be  entitled  to retain all  amounts  received  in
respect of such Deleted  Mortgage Loan.  Upon such  substitution,  the Qualified
Substitute  Mortgage  Loan or  Loans  shall  be  subject  to the  terms  of this
Agreement  in all  respects,  and the  Seller  shall be  deemed to have made the
representations  and warranties  contained in this Agreement with respect to the
Qualified  Substitute  Mortgage  Loan or Loans and that such  Mortgage  Loans so

                                       12
<PAGE>

substituted  are  Qualified   Substitute  Mortgage  Loans  as  of  the  date  of
substitution.  In  furtherance of the  foregoing,  if the Seller  repurchases or
substitutes  a Mortgage  Loan and is no longer a member of MERS and the Mortgage
is registered on the MERS(R) System, the Purchaser, at the expense of the Seller
and without any right of reimbursement,  shall cause MERS to execute and deliver
an assignment  of the Mortgage in recordable  form to transfer the Mortgage from
MERS  to  the  Seller,  and  shall  cause  such  Mortgage  to  be  removed  from
registration   on  the  MERS(R)  System  in  accordance  with  MERS'  rules  and
regulations.

        In the event of a  repurchase  by the Seller  pursuant  to this  Section
7.03, the Purchaser shall (i) forward or cause to be forwarded the Mortgage File
for the related  Mortgage  Loan to the Seller  which shall  include the Mortgage
Note endorsed  without  recourse to the Seller or its  designee,  (ii) cause the
Servicer  to  release  to the  Seller any  remaining  documents  in the  related
Mortgage File which are held by the  Servicer,  and (iii) forward or cause to be
forwarded an assignment in favor of the Seller,  or its designee of the Mortgage
in recordable  form and  acceptable to the Seller in form and substance and such
other  documents or instruments of transfer or assignment as may be necessary to
vest in the Seller or its  respective  designee  title to any such Mortgage Loan
(or with respect to any Mortgage registered on the MERS(R) System, if the Seller
is still a member of MERS, the Purchaser  shall cause MERS to show the Seller as
the owner of record).  The Purchaser shall cause the related Mortgage File to be
forwarded to the Seller  immediately after receipt of the related Purchase Price
by wire transfer of immediately  available funds to an account  specified by the
Purchaser.

        It is  understood  and agreed that the  obligation of the Seller to cure
such breach or purchase (or to  substitute  for) such  Mortgage Loan as to which
such a breach has occurred and is continuing  shall  constitute  the sole remedy
respecting  such breach  available to the  Purchaser or the Trustee on behalf of
the Certificateholders.

SECTION 8. Notices. All demands,  notices and communications  hereunder shall be
in writing and shall be deemed to have been duly given when  deposited,  postage
prepaid,  in the United States mail, if mailed by registered or certified  mail,
return receipt requested,  or when received,  if delivered by private courier to
another party,  at the related  address shown on the first page hereof,  or such
other address as may hereafter be furnished to the parties by like notice.

SECTION 9. Severability of Provisions.  Any provision of this Agreement which is
prohibited  or  unenforceable  or is held to be  void  or  unenforceable  in any
jurisdiction  shall,  as to such  jurisdiction,  be ineffective to the extent of
such  prohibition  or  unenforceability   without   invalidating  the  remaining
provisions  hereof,  and  any  such  prohibition  or   unenforceability  in  any
jurisdiction   as  to  any  Mortgage   Loan  shall  not   invalidate  or  render
unenforceable such provision in any other jurisdiction.  To the extent permitted
by applicable law, the parties hereto waive any provision of law which prohibits
or renders void or unenforceable any provision hereof.

SECTION 10.  Counterparts;  Entire  Agreement.  This  Agreement  may be executed
simultaneously  in any number of counterparts.  Each counterpart shall be deemed
to be an original,  and all such counterparts  shall constitute one and the same
instrument.  This Agreement is the entire agreement between the parties relating
to  the  subject   matter  hereof  and   supersedes   any  prior   agreement  or
communications between the parties.

                                       13
<PAGE>

SECTION 11. Place of Delivery and Governing Law. This Agreement  shall be deemed
in effect when  counterparts  hereof  have been  executed by each of the parties
hereto.  This  Agreement  shall be  deemed to have been made in the State of New
York. This Agreement shall be construed in accordance with the laws of the State
of New York and the  obligations,  rights and remedies of the parties  hereunder
shall be  determined  in  accordance  with the  laws of the  State of New  York,
without giving effect to its conflict of law rules.

SECTION 12.  Successors  and Assigns;  Assignment of Agreement.  This  Agreement
shall bind and inure to the benefit of and be  enforceable by the parties hereto
and their  respective  successors and assigns;  provided that this Agreement may
not be assigned,  pledged or hypothecated by the Seller to a third party without
the prior written consent of the Purchaser.

SECTION 13. Waivers;  Other  Agreements.  No term or provision of this Agreement
may be waived or modified  unless such waiver or  modification is in writing and
signed by the party  against  whom such waiver or  modification  is sought to be
enforced.

SECTION 14. Survival. The provisions of this Agreement shall survive the Closing
Date and the delivery of the Mortgage  Loans,  and for so long  thereafter as is
necessary  (including,  subsequent to the  assignment of the Mortgage  Loans) to
permit  the  parties  to  exercise  their  respective  rights or  perform  their
respective obligations hereunder.

                                       14
<PAGE>

        IN WITNESS WHEREOF, the Seller and the Purchaser have caused their names
to be signed hereto by their respective officers thereunto duly authorized as of
the date first above written.

                               GMAC MORTGAGE CORPORATION, as Seller

                               By:___________________________
                               Name:
                               Title:

                               RESIDENTIAL ASSET MORTGAGE PRODUCTS,
                               INC., as Purchaser

                               By:___________________________
                               Name:
                               Title:

                                       15
<PAGE>

<TABLE>
<CAPTION>

                                   SCHEDULE I

                             MORTGAGE LOAN SCHEDULE

                                (Attached Hereto)

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

<S>                                 <C>   <C>                           <C>                           <C>   <C>
 101002976                          08/01/2003                          $2,970.39                     09/01/2003
 $516,000.00                        05/27/2003                          $514,337.31                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 91344                              73.71                               PRIMARY RESIDENCE             N
                                                                        $2,245.06
 101006655                          09/01/2003                                                        09/01/2003
 $390,000.00                        07/01/2003                          $389,164.18                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92677                              69.03                                                             N
 101006803                          11/01/2003                          $2,141.45                     10/01/2003
                                                                        $372,000.00
 $372,000.00                        08/28/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 95628                              79.15                               PRIMARY RESIDENCE             N

 101007979                          08/01/2003                          $1,926.73                     09/01/2003
 $334,700.00                        06/18/2003                          $333,621.49                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92508                              61.98                               PRIMARY RESIDENCE             N
                                                                        $2,043.59
 101008805                          09/01/2003                                                        09/01/2003
 $355,000.00                        07/25/2003                          $354,239.16                   REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92679                              70.16                                                             N
 101009155                          09/01/2003                          $2,590.46                     09/01/2003
                                                                        $449,035.58
 $450,000.00                        07/11/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 92870                              75                                  PRIMARY RESIDENCE             N

 101009615                          09/01/2003                          $2,302.63                     10/01/2003
 $400,000.00                        07/14/2003                          $399,142.74                   REFINANCE
                                                                        5.625
 CA                                 CONDOMINIUM                                                       STANDARD
 90278                              66.67                               PRIMARY RESIDENCE             N
                                                                        $3,183.38
 101011445                          09/01/2003                                                        10/01/2003
 $553,000.00                        07/02/2003                          $551,814.85                   REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 93021                              74.73                                                             N
 101012807                          09/01/2003                          $2,344.25                     09/01/2003
                                                                        $390,151.67
 $391,000.00                        07/17/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       6                             STANDARD
 90004                              58.36                               PRIMARY RESIDENCE             N

 101014155                          09/01/2003                          $2,388.98                     09/01/2003
 $415,000.00                        07/22/2003                          $413,608.24                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92886                              60.58                               PRIMARY RESIDENCE             N
                                                                        $2,158.72
 101014187                          10/01/2003                                                        10/01/2003
 $375,000.00                        08/04/2003                          $374,599.09                   PURCHASE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 90620                              70.09                                                             N
 530303304                          11/01/2003                          $2,302.63                     10/01/2003
                                                                        $400,000.00
 $400,000.00                        09/02/2003                                                        PURCHASE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 07722                              33.34                               PRIMARY RESIDENCE             N

 531050805                          07/01/2003                          $2,417.16                     10/01/2003
 $414,200.00                        05/08/2003                          $412,457.72                   PURCHASE
                                                                        5.75
 NY                                 SINGLE FAMILY                                                     SELECT
 12211                              80                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 532636404                          10/01/2003                          $2,786.18                     09/01/2003
 $484,000.00                        08/29/2003                          $483,482.57                   REFINANCE
                                                                        5.625
 IN                                 SINGLE FAMILY                                                     STANDARD
 46814                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,158.72
 535224703                          12/01/2002                                                        09/01/2003
 $375,000.00                        10/15/2002                          $370,454.79                   PURCHASE
 CA                                 SINGLE FAMILY                       5.625                         SELECT
                                                                        PRIMARY RESIDENCE
 91320                              75.77                                                             Y
 535827307                          01/01/2003                          $3,962.15                     10/01/2003
                                                                        $635,131.98
 $643,500.00                        11/21/2002                                                        REFINANCE
 NY                                 SINGLE FAMILY                       6.25                          STANDARD
 10583                              44.38                               PRIMARY RESIDENCE             N

 538756008                          04/01/2003                          $1,929.61                     09/01/2003
 $335,200.00                        02/10/2003                          $332,457.54                   PURCHASE
                                                                        5.625
 NY                                 SINGLE FAMILY                                                     RELOCATION
 10930                              80                                  PRIMARY RESIDENCE             Y
                                                                        $2,117.53
 538981606                          03/01/2003                                                        09/01/2003
 $348,500.00                        01/31/2003                          $345,328.27                   REFINANCE
 CA                                 PUD                                 6.125                         STANDARD
                                                                        PRIMARY RESIDENCE
 93063                              79.2                                                              N
 539228809                          02/01/2003                          $3,148.78                     09/01/2003
                                                                        $506,940.74
 $511,400.00                        01/07/2003                                                        REFINANCE
 KS                                 PUD                                 6.25                          STANDARD
 66213                              79.91                               PRIMARY RESIDENCE             N

 539504803                          06/01/2003                          $2,684.44                     09/01/2003
 $460,000.00                        04/10/2003                          $457,575.52                   REFINANCE
                                                                        5.75
 NY                                 SINGLE FAMILY                                                     STANDARD
 10589                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,539.37
 540184801                          04/01/2003                                                        09/01/2003
 $424,000.00                        02/04/2003                          $420,991.75                   REFINANCE
 NH                                 SINGLE FAMILY                       5.99                          STANDARD
                                                                        PRIMARY RESIDENCE
 03856                              77.09                                                             N
 541292405                          06/01/2003                          $1,523.13                     10/01/2003
                                                                        $258,771.13
 $261,000.00                        04/08/2003                                                        REFINANCE
 HI                                 SINGLE FAMILY                       5.75                          STREAMLINE
 96732                              78.61                               PRIMARY RESIDENCE             N

 542241005                          04/01/2003                          $2,324.95                     10/01/2003
 $377,600.00                        02/20/2003                          $375,052.48                   REFINANCE
                                                                        6.25
 TX                                 SINGLE FAMILY                                                     STANDARD
 75022                              62.93                               PRIMARY RESIDENCE             N
                                                                        $2,069.06
 543290001                          08/01/2003                                                        09/01/2003
 $380,000.00                        06/30/2003                          $378,655.85                   PURCHASE
 NC                                 SINGLE FAMILY                       5.125                         RELOCATION
                                                                        PRIMARY RESIDENCE
 28704                              69.09                                                             N
 543515902                          07/01/2003                          $1,819.91                     10/01/2003
                                                                        $323,533.46
 $325,000.00                        05/29/2003                                                        PURCHASE
 MI                                 PUD                                 5.375                         SELECT
 48167                              52                                  PRIMARY RESIDENCE             N

 544368004                          06/01/2003                          $2,428.70                     10/01/2003
 $421,900.00                        05/06/2003                          $418,021.77                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 95409                              70.91                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 545054900                          06/01/2003                          $689.61                       09/01/2003
 $112,000.00                        05/05/2003                          $111,463.04                   REFINANCE
                                                                        6.25
 CA                                 SINGLE FAMILY                                                     STATED INCOME
 95501                              44.8                                PRIMARY RESIDENCE             N
                                                                        $3,822.41
 545076507                          09/01/2003                                                        09/01/2003
 $655,000.00                        07/18/2003                          $653,428.03                   REFINANCE
 NY                                 SINGLE FAMILY                       5.75                          SELECT
                                                                        PRIMARY RESIDENCE
 10589                              54.58                                                             N
 545254708                          10/01/2003                          $2,856.93                     09/01/2003
                                                                        $463,559.74
 $464,000.00                        08/15/2003                                                        PURCHASE
 MI                                 SINGLE FAMILY                       6.25                          SELECT
 48362                              80                                  PRIMARY RESIDENCE             N

 545465908                          08/01/2003                          $3,238.07                     09/01/2003
 $562,500.00                        06/16/2003                          $560,687.48                   REFINANCE
                                                                        5.625
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07869                              66.18                               PRIMARY RESIDENCE             N
                                                                        $2,275.00
 545725103                          07/01/2003                                                        09/01/2003
 $395,200.00                        05/23/2003                          $392,903.98                   REFINANCE
 TX                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 78418                              77.49                                                             N
 546203209                          08/01/2003                          $2,697.00                     10/01/2003
                                                                        $472,831.71
 $475,000.00                        06/03/2003                                                        PURCHASE
 NY                                 SINGLE FAMILY                       5.5                           RELOCATION
 10901                              48.72                               PRIMARY RESIDENCE             Y

 546224502                          07/01/2003                          $2,497.70                     09/01/2003
 $428,000.00                        05/23/2003                          $426,073.55                   PURCHASE
                                                                        5.75
 IL                                 SINGLE FAMILY                                                     STANDARD
 60126                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,424.09
 546706904                          07/01/2003                                                        10/01/2003
 $421,100.00                        06/06/2003                          $419,286.58                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 94526                              58.49                                                             N
 546739806                          08/01/2003                          $2,415.46                     10/01/2003
                                                                        $418,247.93
 $419,600.00                        06/13/2003                                                        PURCHASE
 CT                                 SINGLE FAMILY                       5.625                         RELOCATION
 06905                              80                                  PRIMARY RESIDENCE             N

 546780909                          09/01/2003                          $2,315.01                     10/01/2003
 $402,150.00                        06/30/2003                          $398,663.69                   REFINANCE
                                                                        5.625
 MI                                 SINGLE FAMILY                                                     SELECT
 48306                              73.79                               PRIMARY RESIDENCE             N
                                                                        $2,360.20
 546807108                          06/01/2003                                                        10/01/2003
 $410,000.00                        04/23/2003                          $407,787.74                   REFINANCE
 TX                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 78731                              78.1                                                              N
 546843905                          07/01/2003                          $2,182.57                     09/01/2003
                                                                        $372,426.78
 $374,000.00                        05/29/2003                                                        PURCHASE
 MI                                 SINGLE FAMILY                       5.75                          SELECT
 48167                              79.91                               PRIMARY RESIDENCE             N

 547027706                          09/01/2003                          $2,548.81                     09/01/2003
 $448,900.00                        07/29/2003                          $447,915.05                   PURCHASE
                                                                        5.5
 CA                                 PUD                                                               STANDARD
 92026                              70                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 547155606                          07/01/2003                          $2,712.50                     09/01/2003
 $471,200.00                        04/28/2003                          $469,170.79                   PURCHASE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92264                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,372.98
 547261800                          10/01/2003                                                        10/01/2003
 $385,400.00                        08/20/2003                          $384,407.29                   REFINANCE
 MO                                 SINGLE FAMILY                       6.25                          SELECT
                                                                        PRIMARY RESIDENCE
 63005                              71.11                                                             N
 547290700                          08/01/2003                          $2,028.79                     09/01/2003
                                                                        $326,002.61
 $329,500.00                        06/05/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       6.25                          STREAMLINE
 93924                              73.22                               PRIMARY RESIDENCE             N

 547423004                          09/01/2003                          $2,555.06                     10/01/2003
 $450,000.00                        07/08/2003                          $449,012.62                   PURCHASE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     SELECT
 07675                              50.85                               PRIMARY RESIDENCE             N
                                                                        $3,324.42
 547560805                          08/01/2003                                                        10/01/2003
 $577,500.00                        06/04/2003                          $575,639.14                   REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92807                              70                                                                N
 547681007                          07/01/2003                          $2,549.37                     09/01/2003
                                                                        $472,603.22
 $474,900.00                        05/28/2003                                                        PURCHASE
 MI                                 PUD                                 5                             RELOCATION
 48116                              75.39                               PRIMARY RESIDENCE             N

 547704908                          11/01/2003                          $721.68                       10/01/2003
 $122,000.00                        09/17/2003                          $122,000.00                   REFINANCE
                                                                        5.875
 HI                                 CONDOMINIUM                                                       STREAMLINE
 96818                              56.22                               PRIMARY RESIDENCE             N
                                                                        $1,907.78
 547791806                          10/01/2003                                                        09/01/2003
 $336,000.00                        08/13/2003                          $335,632.22                   REFINANCE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 95020                              80                                                                N
 547827808                          07/01/2003                          $2,424.08                     09/01/2003
                                                                        $391,926.17
 $393,700.00                        05/22/2003                                                        REFINANCE
 KS                                 PUD                                 6.25                          STREAMLINE
 66061                              77.96                               PRIMARY RESIDENCE             N

 547846907                          07/01/2003                          $2,707.60                     09/01/2003
 $470,350.00                        05/30/2003                          $468,323.68                   PURCHASE
                                                                        5.625
 MI                                 CONDOMINIUM                                                       STANDARD
 48322                              67.81                               PRIMARY RESIDENCE             N
                                                                        $3,481.57
 547935007                          07/01/2003                                                        09/01/2003
 $604,800.00                        05/29/2003                          $602,195.47                   PURCHASE
 MI                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        SECOND HOME
 49817                              80                                                                N
 548047000                          08/01/2003                          $2,014.80                     09/01/2003
                                                                        $348,872.21
 $350,000.00                        06/23/2003                                                        REFINANCE
 CT                                 SINGLE FAMILY                       5.625                         STANDARD
 06752                              44.87                               PRIMARY RESIDENCE             N

 548088400                          10/01/2003                          $3,757.76                     09/01/2003
 $700,000.00                        08/04/2003                          $699,158.91                   PURCHASE
                                                                        5
 IL                                 SINGLE FAMILY                                                     RELOCATION
 60305                              76.29                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 548099902                          09/01/2003                          $2,630.43                     10/01/2003
 $490,000.00                        07/31/2003                          $488,820.02                   PURCHASE
                                                                        5
 NY                                 SINGLE FAMILY                                                     RELOCATION
 12533                              77.78                               PRIMARY RESIDENCE             N
                                                                        $2,071.79
 548201102                          09/01/2003                                                        10/01/2003
 $359,900.00                        07/10/2003                          $359,128.68                   PURCHASE
 OH                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 45140                              80                                                                N
 548207703                          08/01/2003                          $2,170.23                     09/01/2003
                                                                        $375,785.20
 $377,000.00                        06/04/2003                                                        REFINANCE
 NY                                 SINGLE FAMILY                       5.625                         STANDARD
 10970                              75.4                                PRIMARY RESIDENCE             N

 548261502                          08/01/2003                          $2,957.69                     10/01/2003
 $500,000.00                        06/06/2003                          $498,463.18                   REFINANCE
                                                                        5.875
 NY                                 SINGLE FAMILY                                                     STANDARD
 10576                              55.56                               PRIMARY RESIDENCE             N
                                                                        $2,302.63
 548351204                          07/01/2003                                                        09/01/2003
 $400,000.00                        05/30/2003                          $398,277.42                   PURCHASE
 MI                                 SINGLE FAMILY                       5.625                         SELECT
                                                                        PRIMARY RESIDENCE
 48104                              77.67                                                             N
 548393206                          10/01/2003                          $3,078.59                     10/01/2003
                                                                        $499,525.58
 $500,000.00                        08/15/2003                                                        PURCHASE
 NY                                 SINGLE FAMILY                       6.25                          SELECT
 10803                              52.63                               PRIMARY RESIDENCE             N

 548537307                          07/01/2003                          $2,590.46                     09/01/2003
 $450,000.00                        05/30/2003                          $448,062.09                   PURCHASE
                                                                        5.625
 NJ                                 CONDOMINIUM                                                       STANDARD
 08243                              77.45                               SECOND HOME                   N
                                                                        $3,384.86
 548633403                          10/01/2003                                                        10/01/2003
 $588,000.00                        08/08/2003                          $585,756.25                   REFINANCE
 MN                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 55347                              72.41                                                             N
 548636604                          10/01/2003                          $2,256.87                     09/01/2003
                                                                        $391,630.86
 $392,050.00                        08/18/2003                                                        REFINANCE
 MI                                 SINGLE FAMILY                       5.625                         STREAMLINE
 48170                              43.56                               PRIMARY RESIDENCE             N

 548640200                          10/01/2003                          $1,989.94                     09/01/2003
 $336,400.00                        08/14/2003                          $336,057.02                   REFINANCE
                                                                        5.875
 MI                                 SINGLE FAMILY                                                     STREAMLINE
 48065                              74.76                               PRIMARY RESIDENCE             N
                                                                        $2,463.81
 548651900                          08/01/2003                                                        09/01/2003
 $428,000.00                        06/16/2003                          $426,062.07                   PURCHASE
 NY                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 12533                              80                                                                N
 548656008                          08/01/2003                          $2,532.89                     10/01/2003
                                                                        $438,582.21
 $440,000.00                        06/18/2003                                                        PURCHASE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 90045                              68.75                               PRIMARY RESIDENCE             N

 548657006                          09/01/2003                          $3,579.32                     10/01/2003
 $597,000.00                        07/11/2003                          $595,808.39                   REFINANCE
                                                                        6
 CA                                 CONDOMINIUM                                                       SELECT
 90274                              68.62                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 548696301                          09/01/2003                          $2,657.10                     10/01/2003
 $488,000.00                        07/15/2003                          $486,851.69                   PURCHASE
                                                                        5.125
 MI                                 SINGLE FAMILY                                                     RELOCATION
 48362                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,426.44
 548845502                          09/01/2003                                                        10/01/2003
 $452,000.00                        07/15/2003                          $450,789.70                   PURCHASE
 MI                                 SINGLE FAMILY                       5                             SELECT
                                                                        PRIMARY RESIDENCE
 48346                              80                                                                N
 548914100                          08/01/2003                          $2,590.46                     10/01/2003
                                                                        $448,549.97
 $450,000.00                        06/05/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 08540                              56.25                               PRIMARY RESIDENCE             N

 548924109                          08/01/2003                          $2,435.03                     10/01/2003
 $423,000.00                        06/09/2003                          $421,636.97                   REFINANCE
                                                                        5.625
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08550                              62.21                               PRIMARY RESIDENCE             N
                                                                        $2,245.06
 548928001                          08/01/2003                                                        09/01/2003
 $390,000.00                        06/12/2003                          $388,743.33                   REFINANCE
 NJ                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 07920                              69.64                                                             N
 548928902                          09/01/2003                          $3,482.44                     10/01/2003
                                                                        $603,653.49
 $604,950.00                        07/17/2003                                                        REFINANCE
 ME                                 SINGLE FAMILY                       5.625                         STANDARD
 04046                              61.73                               PRIMARY RESIDENCE             N

 548934801                          09/01/2003                          $1,881.75                     09/01/2003
 $345,600.00                        07/03/2003                          $344,786.77                   PURCHASE
                                                                        5.125
 MI                                 SINGLE FAMILY                                                     SELECT
 48306                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,302.63
 548949106                          07/01/2003                                                        09/01/2003
 $400,000.00                        05/23/2003                          $398,177.74                   PURCHASE
 TX                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 75019                              72.73                                                             N
 549043206                          08/01/2003                          $2,328.82                     09/01/2003
                                                                        $403,246.43
 $404,550.00                        06/23/2003                                                        REFINANCE
 MI                                 SINGLE FAMILY                       5.625                         SELECT
 48098                              69.75                               PRIMARY RESIDENCE             N

 549046100                          09/01/2003                          $2,417.76                     09/01/2003
 $420,000.00                        07/01/2003                          $419,099.38                   PURCHASE
                                                                        5.625
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07871                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,041.86
 549065001                          08/01/2003                                                        09/01/2003
 $354,700.00                        06/05/2003                          $353,557.05                   REFINANCE
 CO                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 80478                              72.24                                                             N
 549098507                          09/01/2003                          $2,147.55                     09/01/2003
                                                                        $367,229.72
 $368,000.00                        07/31/2003                                                        PURCHASE
 NJ                                 SINGLE FAMILY                       5.75                          STANDARD
 07728                              80                                  PRIMARY RESIDENCE             N

 549146306                          07/01/2003                          $1,980.26                     10/01/2003
 $344,000.00                        05/23/2003                          $342,518.58                   REFINANCE
                                                                        5.625
 NY                                 SINGLE FAMILY                                                     STANDARD
 11747                              80                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 549151702                          11/01/2003                          $2,380.98                     10/01/2003
 $408,000.00                        09/10/2003                          $408,000.00                   REFINANCE
                                                                        5.75
 OH                                 SINGLE FAMILY                                                     STANDARD
 43054                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,122.75
 549239507                          07/01/2003                                                        10/01/2003
 $363,750.00                        05/30/2003                          $362,219.92                   PURCHASE
 FL                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        INVESTMENT PROPERTY
 32566                              75                                                                N
 549380004                          10/01/2003                          $2,711.06                     09/01/2003
                                                                        $470,446.52
 $470,950.00                        08/26/2003                                                        REFINANCE
 MI                                 SINGLE FAMILY                       5.625                         STANDARD
 48130                              76.58                               PRIMARY RESIDENCE             N

 549417707                          10/01/2003                          $4,333.03                     11/01/2003
 $742,500.00                        08/18/2003                          $738,403.56                   REFINANCE
                                                                        5.75
 MI                                 CONDOMINIUM                                                       STANDARD
 48329                              29.7                                PRIMARY RESIDENCE             N
                                                                        $2,164.01
 549445302                          10/01/2003                                                        09/01/2003
 $375,920.00                        08/07/2003                          $375,518.12                   PURCHASE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01969                              80                                                                N
 549463404                          08/01/2003                          $3,672.69                     09/01/2003
                                                                        $635,944.21
 $638,000.00                        06/24/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         SELECT
 90254                              69.35                               PRIMARY RESIDENCE             N

 549487007                          09/01/2003                          $2,206.50                     09/01/2003
 $383,300.00                        08/05/2003                          $382,478.52                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 92867                              74.86                               PRIMARY RESIDENCE             N
                                                                        $2,302.63
 549514305                          09/01/2003                                                        09/01/2003
 $400,000.00                        07/01/2003                          $399,142.74                   PURCHASE
 VA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 22901                              74.07                                                             N
 549614105                          09/01/2003                          $2,187.50                     09/01/2003
                                                                        $379,185.60
 $380,000.00                        07/11/2003                                                        PURCHASE
 MI                                 SINGLE FAMILY                       5.625                         STANDARD
 48315                              95                                  PRIMARY RESIDENCE             N

 549667400                          10/01/2003                          $2,831.79                     09/01/2003
 $485,250.00                        08/27/2003                          $484,743.37                   REFINANCE
                                                                        5.75
 IL                                 SINGLE FAMILY                                                     STREAMLINE
 60060                              79.55                               PRIMARY RESIDENCE             N
                                                                        $2,867.93
 549675304                          09/01/2003                                                        09/01/2003
 $498,200.00                        07/21/2003                          $497,132.27                   REFINANCE
 MO                                 SINGLE FAMILY                       5.625                         SELECT
                                                                        PRIMARY RESIDENCE
 63127                              75.42                                                             N
 549691509                          08/01/2003                          $2,555.06                     10/01/2003
                                                                        $448,515.53
 $450,000.00                        06/30/2003                                                        PURCHASE
 NY                                 SINGLE FAMILY                       5.5                           STANDARD
 10514                              32.03                               PRIMARY RESIDENCE             N

 549709806                          08/01/2003                          $2,697.82                     09/01/2003
 $468,650.00                        06/19/2003                          $467,139.88                   REFINANCE
                                                                        5.625
 NC                                 SINGLE FAMILY                                                     STREAMLINE
 28607                              34.46                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 549722601                          08/01/2003                          $2,015.55                     10/01/2003
 $365,000.00                        06/13/2003                          $363,670.09                   PURCHASE
                                                                        5.25
 VA                                 SINGLE FAMILY                                                     RELOCATION
 20152                              70.87                               PRIMARY RESIDENCE             N
                                                                        $2,980.46
 549724706                          08/01/2003                                                        09/01/2003
 $479,500.00                        06/20/2003                          $476,013.34                   REFINANCE
 CO                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 80303                              70                                                                N
 549728103                          09/01/2003                          $2,718.01                     09/01/2003
                                                                        $477,649.66
 $478,700.00                        08/01/2003                                                        REFINANCE
 UT                                 SINGLE FAMILY                       5.5                           STANDARD
 84121                              31.91                               PRIMARY RESIDENCE             N

 549736304                          10/01/2003                          $2,197.00                     09/01/2003
 $376,473.00                        09/02/2003                          $376,079.93                   REFINANCE
                                                                        5.75
 CA                                 SINGLE FAMILY                                                     STANDARD
 93023                              69.08                               PRIMARY RESIDENCE             N
                                                                        $2,187.50
 549788800                          08/01/2003                                                        10/01/2003
 $380,000.00                        06/30/2003                          $378,773.57                   PURCHASE
 MA                                 CONDOMINIUM                         5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01890                              80                                                                N
 549818201                          08/01/2003                          $1,987.94                     09/01/2003
                                                                        $358,755.75
 $360,000.00                        06/27/2003                                                        PURCHASE
 NJ                                 SINGLE FAMILY                       5.25                          STANDARD
 07005                              69.23                               PRIMARY RESIDENCE             N

 549892503                          10/01/2003                          $2,601.97                     09/01/2003
 $452,000.00                        08/21/2003                          $451,516.78                   REFINANCE
                                                                        5.625
 WA                                 PUD                                                               STANDARD
 98056                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,210.53
 549910701                          10/01/2003                                                        09/01/2003
 $384,000.00                        08/01/2003                          $383,589.47                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02067                              80                                                                N
 549938801                          09/01/2003                          $2,175.52                     10/01/2003
                                                                        $346,033.62
 $350,000.00                        07/17/2003                                                        REFINANCE
 MI                                 SINGLE FAMILY                       5.625                         STREAMLINE
 48038                              70                                  PRIMARY RESIDENCE             N

 549958502                          09/01/2003                          $2,273.73                     09/01/2003
 $365,800.00                        07/08/2003                          $364,644.11                   REFINANCE
                                                                        5.625
 WA                                 SINGLE FAMILY                                                     STREAMLINE
 98014                              79.18                               PRIMARY RESIDENCE             N
                                                                        $758.65
 549977205                          09/01/2003                                                        09/01/2003
 $130,000.00                        07/18/2003                          $129,727.89                   REFINANCE
 CA                                 CONDOMINIUM                         5.75                          STATED INCOME
                                                                        PRIMARY RESIDENCE
 92113                              65                                                                N
 549983708                          09/01/2003                          $1,899.67                     09/01/2003
                                                                        $329,249.37
 $330,000.00                        07/16/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 01801                              77.65                               PRIMARY RESIDENCE             N

 549999704                          10/01/2003                          $2,213.40                     09/01/2003
 $384,500.00                        08/22/2003                          $383,553.18                   REFINANCE
                                                                        5.625
 MI                                 SINGLE FAMILY                                                     STANDARD
 48170                              54.15                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 550022909                          09/01/2003                          $2,423.52                     10/01/2003
 $421,000.00                        07/21/2003                          $420,097.73                   REFINANCE
                                                                        5.625
 CA                                 CONDOMINIUM                                                       SELECT
 90278                              79.43                               PRIMARY RESIDENCE             N
                                                                        $2,187.50
 550090302                          09/01/2003                                                        09/01/2003
 $380,000.00                        07/22/2003                          $379,185.60                   REFINANCE
 NY                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 11572                              66.09                                                             N
 550118509                          08/01/2003                          $1,703.37                     09/01/2003
                                                                        $298,808.99
 $300,000.00                        06/26/2003                                                        REFINANCE
 OH                                 SINGLE FAMILY                       5.5                           STATED INCOME
 45305                              56.13                               PRIMARY RESIDENCE             N

 550119309                          10/01/2003                          $3,101.64                     11/01/2003
 $538,800.00                        08/11/2003                          $538,223.99                   REFINANCE
                                                                        5.625
 MI                                 SINGLE FAMILY                                                     SELECT
 48167                              54.98                               PRIMARY RESIDENCE             N
                                                                        $2,924.12
 550163802                          08/01/2003                                                        09/01/2003
 $515,000.00                        06/25/2003                          $512,193.55                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 07733                              53.65                                                             N
 550171706                          10/01/2003                          $3,425.45                     09/01/2003
                                                                        $594,413.85
 $595,050.00                        09/03/2003                                                        REFINANCE
 MI                                 SINGLE FAMILY                       5.625                         SELECT
 48304                              70.42                               PRIMARY RESIDENCE             N

 550175806                          09/01/2003                          $2,558.80                     09/01/2003
 $444,500.00                        07/16/2003                          $443,547.36                   REFINANCE
                                                                        5.625
 IL                                 SINGLE FAMILY                                                     STREAMLINE
 60062                              70                                  PRIMARY RESIDENCE             N
                                                                        $2,379.88
 550185607                          09/01/2003                                                        09/01/2003
 $425,000.00                        07/08/2003                          $424,045.40                   REFINANCE
 NY                                 SINGLE FAMILY                       5.375                         STANDARD
                                                                        PRIMARY RESIDENCE
 11050                              58.42                                                             N
 550194005                          09/01/2003                          $2,689.50                     10/01/2003
                                                                        $466,203.70
 $467,205.00                        07/24/2003                                                        REFINANCE
 CT                                 SINGLE FAMILY                       5.625                         STREAMLINE
 06093                              75.36                               PRIMARY RESIDENCE             N

 550205306                          08/01/2003                          $2,785.89                     10/01/2003
 $483,950.00                        06/25/2003                          $482,390.59                   REFINANCE
                                                                        5.625
 NH                                 SINGLE FAMILY                                                     STREAMLINE
 03862                              68.16                               PRIMARY RESIDENCE             N
                                                                        $3,378.35
 550236707                          10/01/2003                                                        10/01/2003
 $595,000.00                        08/21/2003                          $594,348.73                   REFINANCE
 KY                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 40059                              42.5                                                              N
 550240808                          10/01/2003                          $2,271.16                     09/01/2003
                                                                        $399,562.17
 $400,000.00                        08/22/2003                                                        REFINANCE
 MI                                 SINGLE FAMILY                       5.5                           STANDARD
 48167                              52.25                               PRIMARY RESIDENCE             N

 550241806                          10/01/2003                          $2,385.53                     09/01/2003
 $414,400.00                        08/25/2003                          $413,956.97                   REFINANCE
                                                                        5.625
 MI                                 SINGLE FAMILY                                                     STANDARD
 48098                              74.07                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 550247407                          09/01/2003                          $2,300.90                     10/01/2003
 $399,700.00                        07/28/2003                          $398,843.38                   REFINANCE
                                                                        5.625
 OR                                 PUD                                                               STANDARD
 97068                              77.16                               PRIMARY RESIDENCE             N
                                                                        $1,960.16
 550269401                          09/01/2003                                                        09/01/2003
 $360,000.00                        08/08/2003                          $359,052.45                   PURCHASE
 TN                                 PUD                                 5.125                         STANDARD
                                                                        PRIMARY RESIDENCE
 37072                              79.42                                                             N
 550280408                          09/01/2003                          $2,276.15                     10/01/2003
                                                                        $394,502.48
 $395,400.00                        07/21/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 95409                              79.88                               PRIMARY RESIDENCE             N

 550304406                          09/01/2003                          $2,314.14                     10/01/2003
 $402,000.00                        07/24/2003                          $400,765.87                   REFINANCE
                                                                        5.625
 VT                                 SINGLE FAMILY                                                     STANDARD
 05201                              76.57                               PRIMARY RESIDENCE             N
                                                                        $2,717.39
 550316202                          10/01/2003                                                        10/01/2003
 $472,050.00                        08/25/2003                          $471,545.34                   REFINANCE
 MI                                 CONDOMINIUM                         5.625                         STREAMLINE
                                                                        SECOND HOME
 49770                              49.95                                                             N
 550316509                          10/01/2003                          $2,216.28                     09/01/2003
                                                                        $384,588.41
 $385,000.00                        08/21/2003                                                        REFINANCE
 MI                                 SINGLE FAMILY                       5.625                         SELECT
 48362                              71.43                               PRIMARY RESIDENCE             N

 550362008                          09/01/2003                          $2,089.47                     09/01/2003
 $368,000.00                        07/09/2003                          $367,192.55                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07751                              47.48                               PRIMARY RESIDENCE             N
                                                                        $2,463.81
 550370308                          09/01/2003                                                        10/01/2003
 $428,000.00                        07/25/2003                          $427,082.74                   REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92807                              63.41                                                             N
 550480503                          09/01/2003                          $2,867.34                     09/01/2003
                                                                        $503,891.95
 $505,000.00                        07/21/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
 08514                              57.39                               PRIMARY RESIDENCE             N

 550494405                          08/01/2003                          $3,406.74                     10/01/2003
 $600,000.00                        06/20/2003                          $597,022.83                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01890                              46.15                               PRIMARY RESIDENCE             N
                                                                        $2,417.76
 550495006                          08/01/2003                                                        10/01/2003
 $420,000.00                        06/12/2003                          $418,076.96                   REFINANCE
 FL                                 SINGLE FAMILY                       5.625                         SELECT
                                                                        PRIMARY RESIDENCE
 34275                              80                                                                N
 550535504                          08/01/2003                          $1,992.83                     09/01/2003
                                                                        $364,405.23
 $366,000.00                        06/30/2003                                                        PURCHASE
 PA                                 SINGLE FAMILY                       5.125                         RELOCATION
 19067                              79.91                               PRIMARY RESIDENCE             N

 550548408                          09/01/2003                          $2,583.44                     10/01/2003
 $455,000.00                        07/18/2003                          $453,526.64                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07869                              55.83                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 550575005                          09/01/2003                          $2,061.08                     09/01/2003
 $363,000.00                        08/07/2003                          $362,203.52                   REFINANCE
                                                                        5.5
 MI                                 SINGLE FAMILY                                                     STANDARD
 48082                              42.71                               PRIMARY RESIDENCE             N
                                                                        $2,555.06
 550695605                          09/01/2003                                                        09/01/2003
 $450,000.00                        07/17/2003                          $449,012.62                   REFINANCE
 PA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 18938                              53.25                                                             N
 550701007                          10/01/2003                          $2,155.90                     09/01/2003
                                                                        $379,284.39
 $379,700.00                        08/15/2003                                                        REFINANCE
 MI                                 SINGLE FAMILY                       5.5                           STANDARD
 49622                              55.43                               SECOND HOME                   N

 550733604                          10/01/2003                          $3,593.62                     09/01/2003
 $660,000.00                        08/14/2003                          $659,225.13                   PURCHASE
                                                                        5.125
 VA                                 SINGLE FAMILY                                                     RELOCATION
 22207                              55                                  PRIMARY RESIDENCE             N
                                                                        $2,150.66
 550780001                          09/01/2003                                                        10/01/2003
 $373,600.00                        07/15/2003                          $372,444.46                   PURCHASE
 NY                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 11743                              80                                                                N
 550790109                          10/01/2003                          $3,049.13                     09/01/2003
                                                                        $559,342.54
 $560,000.00                        08/12/2003                                                        PURCHASE
 NJ                                 SINGLE FAMILY                       5.125                         RELOCATION
 08889                              62.23                               PRIMARY RESIDENCE             N

 550818405                          08/01/2003                          $3,028.88                     09/01/2003
 $533,450.00                        07/02/2003                          $531,690.25                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01810                              59.08                               PRIMARY RESIDENCE             N
                                                                        $2,809.52
 550825004                          09/01/2003                                                        10/01/2003
 $452,000.00                        07/02/2003                          $450,468.04                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01936                              63.22                                                             N
 550866503                          11/01/2003                          $3,719.02                     10/01/2003
                                                                        $655,000.00
 $655,000.00                        09/12/2003                                                        REFINANCE
 HI                                 SINGLE FAMILY                       5.5                           STANDARD
 96816                              59.55                               PRIMARY RESIDENCE             N

 550884100                          10/01/2003                          $3,075.15                     09/01/2003
 $541,600.00                        09/02/2003                          $541,007.18                   REFINANCE
                                                                        5.5
 MI                                 SINGLE FAMILY                                                     SELECT
 48009                              57.62                               PRIMARY RESIDENCE             N
                                                                        $1,923.67
 550901201                          11/01/2003                                                        10/01/2003
 $338,800.00                        09/11/2003                          $338,800.00                   REFINANCE
 MI                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 48315                              56.47                                                             N
 550941900                          10/01/2003                          $2,356.33                     09/01/2003
                                                                        $414,545.75
 $415,000.00                        08/14/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
 07928                              57.24                               PRIMARY RESIDENCE             N

 550956809                          09/01/2003                          $2,486.84                     09/01/2003
 $432,000.00                        07/17/2003                          $431,074.16                   REFINANCE
                                                                        5.625
 NY                                 SINGLE FAMILY                                                     STANDARD
 10956                              78.55                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 551072705                          11/01/2003                          $2,917.87                     10/01/2003
 $500,000.00                        09/09/2003                          $500,000.00                   REFINANCE
                                                                        5.75
 MI                                 SINGLE FAMILY                                                     STANDARD
 48371                              50                                  PRIMARY RESIDENCE             N
                                                                        $3,673.60
 551112501                          10/01/2003                                                        10/01/2003
 $647,000.00                        08/13/2003                          $646,291.82                   REFINANCE
 VA                                 SINGLE FAMILY                       5.5                           STREAMLINE
                                                                        PRIMARY RESIDENCE
 22480                              53.92                                                             N
 551113103                          09/01/2003                          $2,158.72                     09/01/2003
                                                                        $374,196.30
 $375,000.00                        07/22/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 07652                              72.67                               PRIMARY RESIDENCE             N

 551144702                          10/01/2003                          $2,787.85                     10/01/2003
 $491,000.00                        08/15/2003                          $490,462.57                   REFINANCE
                                                                        5.5
 NY                                 SINGLE FAMILY                                                     STREAMLINE
 10591                              53.81                               PRIMARY RESIDENCE             N
                                                                        $2,413.11
 551153703                          08/01/2003                                                        09/01/2003
 $425,000.00                        07/03/2003                          $423,598.01                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STREAMLINE
                                                                        PRIMARY RESIDENCE
 60137                              44.74                                                             N
 551162704                          11/01/2003                          $4,188.59                     10/01/2003
                                                                        $748,000.00
 $748,000.00                        09/12/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.375                         STANDARD
 07901                              62.33                               PRIMARY RESIDENCE             N

 551165004                          09/01/2003                          $2,129.93                     09/01/2003
 $370,000.00                        07/18/2003                          $369,207.04                   REFINANCE
                                                                        5.625
 IL                                 SINGLE FAMILY                                                     STANDARD
 60091                              74                                  PRIMARY RESIDENCE             N
                                                                        $2,419.08
 551169501                          11/01/2003                                                        10/01/2003
 $432,000.00                        09/02/2003                          $432,000.00                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.375                         STATED INCOME
                                                                        PRIMARY RESIDENCE
 07722                              46.7                                                              N
 551216104                          09/01/2003                          $2,203.03                     09/01/2003
                                                                        $387,148.66
 $388,000.00                        07/10/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
 08831                              64.67                               PRIMARY RESIDENCE             N

 551354806                          08/01/2003                          $2,299.55                     09/01/2003
 $405,000.00                        06/25/2003                          $401,645.62                   REFINANCE
                                                                        5.5
 NY                                 SINGLE FAMILY                                                     STANDARD
 11576                              42.63                               PRIMARY RESIDENCE             N
                                                                        $2,339.30
 551374309                          09/01/2003                                                        09/01/2003
 $412,000.00                        07/21/2003                          $411,095.37                   REFINANCE
 NY                                 PUD                                 5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 11725                              48.47                                                             N
 551458102                          11/01/2003                          $2,608.69                     10/01/2003
                                                                        $441,000.00
 $441,000.00                        09/17/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.875                         SELECT
 91344                              67.85                               PRIMARY RESIDENCE             N

 551478902                          09/01/2003                          $2,561.68                     09/01/2003
 $445,000.00                        07/25/2003                          $444,046.29                   REFINANCE
                                                                        5.625
 NY                                 SINGLE FAMILY                                                     STANDARD
 10962                              74.17                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 551629504                          10/01/2003                          $3,746.25                     10/01/2003
 $641,950.00                        09/02/2003                          $636,104.04                   REFINANCE
                                                                        5.75
 KY                                 SINGLE FAMILY                                                     SELECT
 40059                              76.42                               PRIMARY RESIDENCE             N
                                                                        $1,928.74
 551664402                          11/01/2003                                                        10/01/2003
 $335,050.00                        09/10/2003                          $335,050.00                   REFINANCE
 MI                                 SINGLE FAMILY                       5.625                         SELECT
                                                                        PRIMARY RESIDENCE
 48315                              77.56                                                             N
 551691108                          11/01/2003                          $3,381.19                     10/01/2003
                                                                        $595,500.00
 $595,500.00                        09/09/2003                                                        REFINANCE
 HI                                 SINGLE FAMILY                       5.5                           STREAMLINE
 96734                              47.08                               PRIMARY RESIDENCE             N

 551737000                          10/01/2003                          $2,302.63                     09/01/2003
 $400,000.00                        09/02/2003                          $399,572.37                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92075                              28.88                               PRIMARY RESIDENCE             N
                                                                        $2,254.13
 551759103                          08/01/2003                                                        10/01/2003
 $397,000.00                        06/24/2003                          $395,690.37                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 07866                              65.08                                                             N
 551794100                          09/01/2003                          $2,426.40                     09/01/2003
                                                                        $420,596.65
 $421,500.00                        07/24/2003                                                        REFINANCE
 VA                                 PUD                                 5.625                         STANDARD
 22947                              78.49                               PRIMARY RESIDENCE             N

 551795206                          11/01/2003                          $1,955.80                     10/01/2003
 $339,750.00                        09/10/2003                          $339,750.00                   REFINANCE
                                                                        5.625
 MI                                 CONDOMINIUM                                                       SELECT
 48363                              51.09                               PRIMARY RESIDENCE             N
                                                                        $3,337.09
 551817000                          11/01/2003                                                        11/01/2003
 $579,700.00                        09/02/2003                          $579,182.29                   REFINANCE
 MI                                 SINGLE FAMILY                       5.625                         SELECT
                                                                        PRIMARY RESIDENCE
 48439                              71.57                                                             N
 551844905                          10/01/2003                          $3,794.56                     09/01/2003
                                                                        $625,575.10
 $632,900.00                        09/02/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       6                             STATED INCOME
 93711                              66.97                               PRIMARY RESIDENCE             N

 551899305                          10/01/2003                          $2,219.16                     09/01/2003
 $385,500.00                        09/04/2003                          $385,087.87                   REFINANCE
                                                                        5.625
 NC                                 SINGLE FAMILY                                                     STANDARD
 28226                              53.17                               PRIMARY RESIDENCE             N
                                                                        $2,004.58
 551978703                          09/01/2003                                                        09/01/2003
 $343,500.00                        08/05/2003                          $341,072.85                   REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 94019                              60.8                                                              N
 552020802                          09/01/2003                          $2,013.38                     09/01/2003
                                                                        $353,721.50
 $354,600.00                        08/11/2003                                                        REFINANCE
 WA                                 SINGLE FAMILY                       5.5                           SELECT
 98232                              49.25                               PRIMARY RESIDENCE             N

 552034803                          09/01/2003                          $2,591.97                     09/01/2003
 $417,000.00                        07/17/2003                          $415,722.45                   REFINANCE
                                                                        5.625
 PA                                 SINGLE FAMILY                                                     STANDARD
 19046                              50.24                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 552057507                          10/01/2003                          $3,158.03                     10/01/2003
 $580,000.00                        08/18/2003                          $579,319.05                   PURCHASE
                                                                        5.125
 NJ                                 PUD                                                               RELOCATION
 07920                              49.15                               PRIMARY RESIDENCE             N
                                                                        $2,734.37
 552060402                          09/01/2003                                                        10/01/2003
 $475,000.00                        07/15/2003                          $473,982.00                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02421                              27.94                                                             N
 552123101                          08/01/2003                          $2,286.87                     10/01/2003
                                                                        $424,457.99
 $426,000.00                        06/23/2003                                                        PURCHASE
 PA                                 SINGLE FAMILY                       5                             RELOCATION
 19422                              80                                  PRIMARY RESIDENCE             N

 552153009                          11/01/2003                          $2,871.03                     10/01/2003
 $505,650.00                        09/12/2003                          $505,650.00                   REFINANCE
                                                                        5.5
 CA                                 SINGLE FAMILY                                                     STANDARD
 92886                              72.39                               PRIMARY RESIDENCE             N
                                                                        $386.72
 552154304                          10/01/2003                                                        09/01/2003
 $64,500.00                         08/12/2003                          $64,435.78                    REFINANCE
 NY                                 SINGLE FAMILY                       6                             STATED INCOME
                                                                        PRIMARY RESIDENCE
 12583                              19.25                                                             N
 552163602                          11/01/2003                          $1,969.56                     10/01/2003
                                                                        $337,500.00
 $337,500.00                        09/18/2003                                                        REFINANCE
 MI                                 SINGLE FAMILY                       5.75                          STANDARD
 48306                              56.25                               PRIMARY RESIDENCE             N

 552232100                          09/01/2003                          $3,049.13                     10/01/2003
 $560,000.00                        07/10/2003                          $558,682.27                   PURCHASE
                                                                        5.125
 NJ                                 PUD                                                               RELOCATION
 07920                              80                                  PRIMARY RESIDENCE             N
                                                                        $3,327.01
 552239907                          10/01/2003                                                        10/01/2003
 $577,950.00                        08/18/2003                          $577,332.13                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 07728                              79.5                                                              N
 552296600                          10/01/2003                          $2,027.47                     09/01/2003
                                                                        $351,823.47
 $352,200.00                        08/08/2003                                                        REFINANCE
 PA                                 SINGLE FAMILY                       5.625                         STANDARD
 19438                              62.34                               PRIMARY RESIDENCE             N

 552343204                          10/01/2003                          $1,978.54                     09/01/2003
 $343,700.00                        09/02/2003                          $343,332.55                   REFINANCE
                                                                        5.625
 IL                                 SINGLE FAMILY                                                     STREAMLINE
 60564                              51.38                               PRIMARY RESIDENCE             N
                                                                        $2,327.94
 552354003                          09/01/2003                                                        10/01/2003
 $410,000.00                        07/11/2003                          $409,100.40                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 08502                              54.67                                                             N
 552369803                          10/01/2003                          $2,635.41                     09/01/2003
                                                                        $457,319.57
 $457,809.00                        08/15/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 91423                              57.23                               PRIMARY RESIDENCE             N

 552379406                          10/01/2003                          $2,701.55                     09/01/2003
 $475,800.00                        08/22/2003                          $475,279.20                   REFINANCE
                                                                        5.5
 MI                                 SINGLE FAMILY                                                     SELECT
 48302                              52.81                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 552418709                          10/01/2003                          $2,491.75                     10/01/2003
 $438,850.00                        08/25/2003                          $438,369.65                   REFINANCE
                                                                        5.5
 OR                                 SINGLE FAMILY                                                     STREAMLINE
 97219                              51.63                               PRIMARY RESIDENCE             N
                                                                        $2,358.47
 552478901                          11/01/2003                                                        10/01/2003
 $409,700.00                        09/10/2003                          $409,700.00                   REFINANCE
 MI                                 SINGLE FAMILY                       5.625                         SELECT
                                                                        PRIMARY RESIDENCE
 48375                              75.87                                                             N
 552508202                          09/01/2003                          $2,464.97                     09/01/2003
                                                                        $427,282.29
 $428,200.00                        07/18/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         SELECT
 02420                              57.09                               PRIMARY RESIDENCE             N

 552601809                          09/01/2003                          $2,737.60                     09/01/2003
 $482,150.00                        07/28/2003                          $481,092.09                   REFINANCE
                                                                        5.5
 FL                                 PUD                                                               SELECT
 34102                              48.95                               SECOND HOME                   N
                                                                        $2,878.29
 552606303                          09/01/2003                                                        09/01/2003
 $500,000.00                        07/23/2003                          $498,928.41                   REFINANCE
 MA                                 CONDOMINIUM                         5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02460                              57.14                                                             N
 552636409                          10/01/2003                          $3,127.96                     09/01/2003
                                                                        $535,440.37
 $536,000.00                        09/03/2003                                                        REFINANCE
 MI                                 SINGLE FAMILY                       5.75                          STREAMLINE
 48236                              62.69                               PRIMARY RESIDENCE             N

 552685307                          10/01/2003                          $2,509.90                     09/01/2003
 $424,300.00                        08/22/2003                          $423,867.40                   REFINANCE
                                                                        5.875
 MI                                 SINGLE FAMILY                                                     SELECT
 48304                              38.93                               PRIMARY RESIDENCE             N
                                                                        $1,899.26
 552783607                          10/01/2003                                                        09/01/2003
 $334,500.00                        08/15/2003                          $334,133.87                   REFINANCE
 NC                                 SINGLE FAMILY                       5.5                           STREAMLINE
                                                                        PRIMARY RESIDENCE
 27707                              44.01                                                             N
 552903908                          10/01/2003                          $2,735.52                     09/01/2003
                                                                        $474,691.98
 $475,200.00                        09/09/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STREAMLINE
 60540                              50.82                               PRIMARY RESIDENCE             N

 552907800                          09/01/2003                          $2,100.82                     10/01/2003
 $370,000.00                        07/23/2003                          $369,188.17                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07733                              49.33                               PRIMARY RESIDENCE             N
                                                                        $2,532.89
 552926305                          10/01/2003                                                        10/01/2003
 $440,000.00                        09/03/2003                          $439,529.61                   REFINANCE
 CA                                 PUD                                 5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 91320                              46.27                                                             N
 552949802                          10/01/2003                          $1,925.29                     09/01/2003
                                                                        $334,092.44
 $334,450.00                        09/09/2003                                                        REFINANCE
 IN                                 SINGLE FAMILY                       5.625                         STREAMLINE
 46220                              76.01                               PRIMARY RESIDENCE             N

 553041401                          11/01/2003                          $2,331.41                     10/01/2003
 $405,000.00                        09/05/2003                          $405,000.00                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 90056                              68.64                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 553215807                          10/01/2003                          $1,345.75                     09/01/2003
 $227,500.00                        08/15/2003                          $227,268.05                   REFINANCE
                                                                        5.875
 NY                                 SINGLE FAMILY                                                     STATED INCOME
 12533                              56.88                               PRIMARY RESIDENCE             N
                                                                        $2,039.84
 553231101                          10/01/2003                                                        09/01/2003
 $354,350.00                        08/06/2003                          $353,971.18                   REFINANCE
 CT                                 SINGLE FAMILY                       5.625                         STATED INCOME
                                                                        PRIMARY RESIDENCE
 06878                              28.35                                                             N
 553268202                          09/01/2003                          $2,251.62                     09/01/2003
                                                                        $406,812.53
 $407,750.00                        07/10/2003                                                        PURCHASE
 NJ                                 SINGLE FAMILY                       5.25                          STANDARD
 07423                              70                                  PRIMARY RESIDENCE             N

 553363003                          10/01/2003                          $2,394.74                     09/01/2003
 $416,000.00                        08/26/2003                          $415,555.26                   REFINANCE
                                                                        5.625
 MT                                 PUD                                                               STANDARD
 59716                              79.24                               SECOND HOME                   N
                                                                        $2,753.78
 553505801                          10/01/2003                                                        09/01/2003
 $485,000.00                        08/18/2003                          $484,469.14                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STREAMLINE
                                                                        PRIMARY RESIDENCE
 02646                              40.42                                                             N
 553513409                          10/01/2003                          $5,263.41                     09/01/2003
                                                                        $925,985.34
 $927,000.00                        08/29/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
 07078                              59.81                               PRIMARY RESIDENCE             N

 553533605                          10/01/2003                          $2,157.60                     09/01/2003
 $380,000.00                        08/06/2003                          $379,584.07                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07738                              38.97                               PRIMARY RESIDENCE             N
                                                                        $1,234.79
 553566506                          10/01/2003                                                        10/01/2003
 $214,500.00                        08/07/2003                          $214,270.68                   REFINANCE
 NH                                 SINGLE FAMILY                       5.625                         STATED INCOME
                                                                        PRIMARY RESIDENCE
 03249                              61.29                                                             N
 553579004                          11/01/2003                          $2,222.53                     10/01/2003
                                                                        $396,900.00
 $396,900.00                        09/12/2003                                                        REFINANCE
 FL                                 CONDOMINIUM                         5.375                         STANDARD
 33133                              62.02                               PRIMARY RESIDENCE             N

 553614306                          10/01/2003                          $3,495.10                     09/01/2003
 $607,150.00                        09/10/2003                          $606,500.92                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 94070                              34.69                               PRIMARY RESIDENCE             N
                                                                        $2,661.92
 553728007                          10/01/2003                                                        09/01/2003
 $450,000.00                        08/29/2003                          $449,541.21                   REFINANCE
 IL                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 60015                              79.65                                                             N
 553821307                          11/01/2003                          $2,153.60                     10/01/2003
                                                                        $390,000.00
 $390,000.00                        09/08/2003                                                        REFINANCE
 VT                                 SINGLE FAMILY                       5.25                          STANDARD
 05255                              45.09                               PRIMARY RESIDENCE             N

 553845603                          10/01/2003                          $3,079.41                     09/01/2003
 $542,350.00                        08/14/2003                          $541,756.36                   REFINANCE
                                                                        5.5
 PA                                 SINGLE FAMILY                                                     SELECT
 19053                              73.79                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 553884701                          10/01/2003                          $3,222.58                     10/01/2003
 $524,775.00                        08/19/2003                          $523,957.64                   REFINANCE
                                                                        5.5
 CT                                 SINGLE FAMILY                                                     STANDARD
 06903                              58.31                               PRIMARY RESIDENCE             N
                                                                        $2,165.35
 553932104                          10/01/2003                                                        10/01/2003
 $371,050.00                        08/26/2003                          $370,662.60                   REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STREAMLINE
                                                                        PRIMARY RESIDENCE
 90815                              61.84                                                             N
 554034504                          10/01/2003                          $3,287.00                     09/01/2003
                                                                        $570,389.56
 $571,000.00                        09/02/2003                                                        REFINANCE
 CA                                 2-4 FAMILY                          5.625                         STANDARD
 90027                              76.13                               PRIMARY RESIDENCE             N

 554089201                          10/01/2003                          $3,132.73                     09/01/2003
 $544,200.00                        09/03/2003                          $541,923.28                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 94506                              41.86                               PRIMARY RESIDENCE             N
                                                                        $2,458.06
 554101303                          10/01/2003                                                        09/01/2003
 $427,000.00                        08/22/2003                          $426,543.50                   REFINANCE
 NH                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 03818                              70                                                                N
 554161505                          11/01/2003                          $2,812.83                     10/01/2003
                                                                        $482,000.00
 $482,000.00                        09/10/2003                                                        REFINANCE
 MI                                 CONDOMINIUM                         5.75                          SELECT
 48167                              76.51                               PRIMARY RESIDENCE             N

 554213207                          10/01/2003                          $3,396.06                     09/01/2003
 $615,000.00                        08/22/2003                          $614,294.57                   REFINANCE
                                                                        5.25
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08540                              51.25                               PRIMARY RESIDENCE             N
                                                                        $2,135.46
 554219501                          10/01/2003                                                        09/01/2003
 $361,000.00                        08/15/2003                          $360,631.94                   REFINANCE
 NY                                 SINGLE FAMILY                       5.875                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 10970                              66.24                                                             N
 554238600                          10/01/2003                          $2,590.46                     09/01/2003
                                                                        $449,518.92
 $450,000.00                        09/02/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 94598                              75                                  PRIMARY RESIDENCE             N

 554317107                          11/01/2003                          $2,705.06                     10/01/2003
 $440,500.00                        09/18/2003                          $440,222.21                   REFINANCE
                                                                        5.5
 TX                                 SINGLE FAMILY                                                     STREAMLINE
 75205                              58.34                               PRIMARY RESIDENCE             N
                                                                        $2,165.34
 554329904                          10/01/2003                                                        09/01/2003
 $376,150.00                        09/15/2003                          $375,747.86                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         SELECT
                                                                        PRIMARY RESIDENCE
 91377                              42.65                                                             N
 554388801                          11/01/2003                          $4,258.42                     10/01/2003
                                                                        $750,000.00
 $750,000.00                        09/11/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
 07417                              60                                  PRIMARY RESIDENCE             N

 554397109                          10/01/2003                          $3,658.96                     09/01/2003
 $672,000.00                        08/20/2003                          $671,211.04                   PURCHASE
                                                                        5.125
 NJ                                 SINGLE FAMILY                                                     RELOCATION
 07039                              80                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 554504803                          11/01/2003                          $2,240.34                     10/01/2003
 $383,900.00                        09/17/2003                          $383,900.00                   PURCHASE
                                                                        5.75
 PA                                 SINGLE FAMILY                                                     STANDARD
 19067                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,041.83
 554515908                          11/01/2003                                                        10/01/2003
 $375,000.00                        09/08/2003                          $375,000.00                   PURCHASE
 MI                                 SINGLE FAMILY                       5.125                         SELECT
                                                                        PRIMARY RESIDENCE
 48307                              74.26                                                             N
 554562702                          10/01/2003                          $2,469.89                     09/01/2003
                                                                        $434,523.86
 $435,000.00                        08/29/2003                                                        PURCHASE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02459                              46.69                               PRIMARY RESIDENCE             N

 554620500                          10/01/2003                          $2,607.73                     09/01/2003
 $453,000.00                        08/02/2003                          $452,515.71                   PURCHASE
                                                                        5.625
 NJ                                 CONDOMINIUM                                                       STANDARD
 08226                              63.36                               SECOND HOME                   N
                                                                        $2,219.75
 554663609                          11/01/2003                                                        10/01/2003
 $375,250.00                        09/11/2003                          $375,250.00                   REFINANCE
 VA                                 SINGLE FAMILY                       5.875                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 23059                              79                                                                N
 554671909                          11/01/2003                          $2,159.22                     10/01/2003
                                                                        $370,000.00
 $370,000.00                        09/16/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
 93930                              74                                  PRIMARY RESIDENCE             N

 554788109                          11/01/2003                          $2,870.52                     10/01/2003
 $498,650.00                        09/04/2003                          $498,650.00                   REFINANCE
                                                                        5.625
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08226                              35.62                               PRIMARY RESIDENCE             N
                                                                        $2,594.80
 554788703                          10/01/2003                                                        10/01/2003
 $457,000.00                        08/11/2003                          $456,499.78                   PURCHASE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60625                              73.95                                                             N
 554861401                          10/01/2003                          $2,440.79                     09/01/2003
                                                                        $423,546.71
 $424,000.00                        08/28/2003                                                        PURCHASE
 MI                                 SINGLE FAMILY                       5.625                         STANDARD
 48009                              80                                  PRIMARY RESIDENCE             N

 554914705                          11/01/2003                          $2,538.65                     10/01/2003
 $441,000.00                        09/05/2003                          $441,000.00                   REFINANCE
                                                                        5.625
 NJ                                 SINGLE FAMILY                                                     STATED INCOME
 08033                              60                                  PRIMARY RESIDENCE             N
                                                                        $2,259.46
 554959700                          10/01/2003                                                        09/01/2003
 $392,500.00                        08/21/2003                          $392,080.38                   PURCHASE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 60516                              73.71                                                             N
 554996900                          11/01/2003                          $2,070.77                     10/01/2003
                                                                        $375,000.00
 $375,000.00                        09/05/2003                                                        PURCHASE
 MI                                 SINGLE FAMILY                       5.25                          SELECT
 48104                              46.88                               PRIMARY RESIDENCE             N

 554998302                          10/01/2003                          $2,069.78                     09/01/2003
 $359,550.00                        08/20/2003                          $359,165.61                   REFINANCE
                                                                        5.625
 VA                                 SINGLE FAMILY                                                     STREAMLINE
 22314                              74.13                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 555041706                          11/01/2003                          $4,376.80                     10/01/2003
 $750,000.00                        09/09/2003                          $750,000.00                   REFINANCE
                                                                        5.75
 TX                                 SINGLE FAMILY                                                     STANDARD
 78672                              60                                  SECOND HOME                   N
                                                                        $2,032.69
 555118108                          09/01/2003                                                        09/01/2003
 $358,000.00                        08/08/2003                          $357,214.49                   PURCHASE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 94591                              79.91                                                             N
 555183003                          10/01/2003                          $2,329.18                     10/01/2003
                                                                        $393,348.55
 $393,750.00                        08/19/2003                                                        PURCHASE
 MI                                 SINGLE FAMILY                       5.875                         STANDARD
 48843                              94.99                               PRIMARY RESIDENCE             N

 555247006                          11/01/2003                          $3,569.07                     10/01/2003
 $620,000.00                        09/16/2003                          $620,000.00                   PURCHASE
                                                                        5.625
 MI                                 CONDOMINIUM                                                       STANDARD
 48167                              64.18                               PRIMARY RESIDENCE             N
                                                                        $2,337.17
 555300805                          11/01/2003                                                        10/01/2003
 $406,000.00                        09/12/2003                          $406,000.00                   REFINANCE
 PA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 19446                              78.08                                                             N
 555304302                          10/01/2003                          $2,590.46                     09/01/2003
                                                                        $449,518.92
 $450,000.00                        08/18/2003                                                        PURCHASE
 MI                                 CONDOMINIUM                         5.625                         SELECT
 48360                              78.26                               PRIMARY RESIDENCE             N

 555405604                          10/01/2003                          $2,993.42                     10/01/2003
 $520,000.00                        08/22/2003                          $519,444.08                   REFINANCE
                                                                        5.625
 VA                                 PUD                                                               STANDARD
 22903                              51.49                               PRIMARY RESIDENCE             N
                                                                        $3,597.65
 555457001                          10/01/2003                                                        09/01/2003
 $633,624.00                        09/09/2003                          $632,930.46                   PURCHASE
 CA                                 PUD                                 5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 91741                              80                                                                N
 555484203                          10/01/2003                          $2,100.87                     09/01/2003
                                                                        $359,624.13
 $360,000.00                        08/14/2003                                                        PURCHASE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
 91214                              54.55                               PRIMARY RESIDENCE             N

 555551407                          10/01/2003                          $2,514.04                     09/01/2003
 $425,000.00                        08/19/2003                          $424,566.69                   PURCHASE
                                                                        5.875
 MI                                 SINGLE FAMILY                                                     STANDARD
 48304                              63.91                               PRIMARY RESIDENCE             N
                                                                        $1,478.85
 555572007                          11/01/2003                                                        10/01/2003
 $250,000.00                        09/08/2003                          $250,000.00                   REFINANCE
 NH                                 SINGLE FAMILY                       5.875                         STATED INCOME
                                                                        PRIMARY RESIDENCE
 03254                              57.47                                                             N
 555900505                          11/01/2003                          $2,555.45                     10/01/2003
                                                                        $432,000.00
 $432,000.00                        09/19/2003                                                        PURCHASE
 NY                                 SINGLE FAMILY                       5.875                         STANDARD
 10950                              80                                  PRIMARY RESIDENCE             N

 555901503                          10/01/2003                          $2,017.11                     09/01/2003
 $350,400.00                        08/18/2003                          $350,025.39                   PURCHASE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 91775                              80                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 555903806                          10/01/2003                          $2,640.22                     10/01/2003
 $465,000.00                        08/28/2003                          $464,411.90                   PURCHASE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07645                              54.07                               PRIMARY RESIDENCE             N
                                                                        $2,661.92
 555989201                          10/01/2003                                                        09/01/2003
 $450,000.00                        09/02/2003                          $449,541.21                   PURCHASE
 CA                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 93101                              60                                                                N
 556002103                          11/01/2003                          $3,690.63                     10/01/2003
                                                                        $650,000.00
 $650,000.00                        09/02/2003                                                        PURCHASE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
 20816                              50.98                               PRIMARY RESIDENCE             N

 556024503                          10/01/2003                          $3,085.52                     10/01/2003
 $536,000.00                        08/25/2003                          $535,426.98                   PURCHASE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92109                              80                                  PRIMARY RESIDENCE             N
                                                                        $3,341.01
 556030906                          10/01/2003                                                        09/01/2003
 $564,800.00                        08/28/2003                          $564,224.16                   PURCHASE
 CA                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 91902                              80                                                                N
 556038602                          10/01/2003                          $3,837.13                     11/01/2003
                                                                        $638,822.64
 $640,000.00                        08/21/2003                                                        PURCHASE
 CA                                 PUD                                 6                             STANDARD
 92881                              80                                  PRIMARY RESIDENCE             N

 556058600                          10/01/2003                          $2,200.53                     09/01/2003
 $372,000.00                        08/28/2003                          $371,620.72                   PURCHASE
                                                                        5.875
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08816                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,462.87
 556091502                          11/01/2003                                                        10/01/2003
 $400,000.00                        09/16/2003                          $400,000.00                   PURCHASE
 NY                                 PUD                                 6.25                          STANDARD
                                                                        PRIMARY RESIDENCE
 10950                              71.05                                                             N
 556117901                          10/01/2003                          $2,581.15                     10/01/2003
                                                                        $441,838.20
 $442,300.00                        08/28/2003                                                        PURCHASE
 CA                                 PUD                                 5.75                          STANDARD
 92870                              76                                  PRIMARY RESIDENCE             N

 556136208                          10/01/2003                          $2,578.95                     09/01/2003
 $448,000.00                        08/28/2003                          $447,521.05                   PURCHASE
                                                                        5.625
 VA                                 PUD                                                               RELOCATION
 23233                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,315.10
 556193605                          11/01/2003                                                        10/01/2003
 $376,000.00                        09/19/2003                          $376,000.00                   PURCHASE
 IL                                 SINGLE FAMILY                       6.25                          STANDARD
                                                                        PRIMARY RESIDENCE
 60008                              80                                                                N
 556193902                          11/01/2003                          $2,608.69                     10/01/2003
                                                                        $441,000.00
 $441,000.00                        09/17/2003                                                        REFINANCE
 VA                                 PUD                                 5.875                         STANDARD
 24431                              67.85                               PRIMARY RESIDENCE             N

 556204600                          11/01/2003                          $2,385.65                     10/01/2003
 $408,800.00                        09/10/2003                          $408,800.00                   PURCHASE
                                                                        5.75
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08807                              80                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 556211100                          10/01/2003                          $2,567.73                     10/01/2003
 $440,000.00                        08/22/2003                          $439,540.60                   PURCHASE
                                                                        5.75
 MI                                 SINGLE FAMILY                                                     STANDARD
 48739                              80                                  SECOND HOME                   N
                                                                        $2,602.77
 556237907                          11/01/2003                                                        10/01/2003
 $440,000.00                        09/22/2003                          $440,000.00                   PURCHASE
 NJ                                 CONDOMINIUM                         5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 07039                              74.07                                                             N
 556245405                          10/01/2003                          $2,546.72                     10/01/2003
                                                                        $435,944.36
 $436,400.00                        08/12/2003                                                        PURCHASE
 OR                                 SINGLE FAMILY                       5.75                          STANDARD
 97504                              80                                  PRIMARY RESIDENCE             N

 556257806                          10/01/2003                          $2,318.83                     10/01/2003
 $392,000.00                        08/15/2003                          $391,600.34                   PURCHASE
                                                                        5.875
 MI                                 SINGLE FAMILY                                                     RELOCATION
 48176                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,248.16
 556300903                          09/01/2003                                                        09/01/2003
 $370,000.00                        08/06/2003                          $369,278.93                   PURCHASE
 CA                                 SINGLE FAMILY                       6.125                         SELECT
                                                                        PRIMARY RESIDENCE
 93446                              80                                                                N
 556323004                          11/01/2003                          $2,214.72                     10/01/2003
                                                                        $374,400.00
 $374,400.00                        09/24/2003                                                        PURCHASE
 NY                                 SINGLE FAMILY                       5.875                         STANDARD
 10533                              80                                  PRIMARY RESIDENCE             N

 556337509                          10/01/2003                          $2,082.22                     09/01/2003
 $352,000.00                        08/22/2003                          $351,641.11                   PURCHASE
                                                                        5.875
 VA                                 PUD                                                               STANDARD
 22015                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,508.13
 556375103                          11/01/2003                                                        10/01/2003
 $424,000.00                        09/12/2003                          $424,000.00                   PURCHASE
 MI                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 48167                              79.62                                                             N
 556379907                          11/01/2003                          $2,661.92                     10/01/2003
                                                                        $450,000.00
 $450,000.00                        09/08/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.875                         SELECT
 07722                              72                                  PRIMARY RESIDENCE             N

 556384501                          10/01/2003                          $2,380.98                     09/01/2003
 $408,000.00                        08/21/2003                          $407,574.02                   PURCHASE
                                                                        5.75
 CO                                 CONDOMINIUM                                                       STANDARD
 80435                              80                                  SECOND HOME                   N
                                                                        $2,514.04
 556391001                          11/01/2003                                                        10/01/2003
 $425,000.00                        09/15/2003                          $425,000.00                   PURCHASE
 FL                                 PUD                                 5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 33071                              63.91                                                             N
 556418408                          11/01/2003                          $3,322.11                     10/01/2003
                                                                        $539,550.00
 $539,550.00                        09/15/2003                                                        PURCHASE
 MI                                 SINGLE FAMILY                       6.25                          STANDARD
 48167                              80                                  PRIMARY RESIDENCE             N

 556468403                          11/01/2003                          $2,650.09                     10/01/2003
 $448,000.00                        09/15/2003                          $448,000.00                   PURCHASE
                                                                        5.875
 NY                                 PUD                                                               STANDARD
 10598                              80                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 556468809                          11/01/2003                          $2,518.18                     10/01/2003
 $425,700.00                        09/19/2003                          $425,700.00                   PURCHASE
                                                                        5.875
 CA                                 SINGLE FAMILY                                                     STANDARD
 91765                              90                                  PRIMARY RESIDENCE             N
                                                                        $2,673.49
 556478907                          11/01/2003                                                        10/01/2003
 $440,000.00                        09/09/2003                          $440,000.00                   PURCHASE
 CA                                 SINGLE FAMILY                       6.125                         STANDARD
                                                                        PRIMARY RESIDENCE
 91776                              52.38                                                             N
 556479202                          10/01/2003                          $2,082.22                     09/01/2003
                                                                        $351,641.11
 $352,000.00                        08/29/2003                                                        PURCHASE
 TX                                 PUD                                 5.875                         RELOCATION
 77382                              80                                  PRIMARY RESIDENCE             N

 556621308                          11/01/2003                          $2,040.81                     10/01/2003
 $345,000.00                        09/19/2003                          $345,000.00                   PURCHASE
                                                                        5.875
 TX                                 SINGLE FAMILY                                                     RELOCATION
 75254                              79.86                               PRIMARY RESIDENCE             N
                                                                        $2,462.87
 556999407                          11/01/2003                                                        10/01/2003
 $400,000.00                        09/15/2003                          $400,000.00                   REFINANCE
 CO                                 SINGLE FAMILY                       6.25                          STANDARD
                                                                        PRIMARY RESIDENCE
 80403                              63.29                                                             N
 557025400                          10/01/2003                          $2,155.02                     09/01/2003
                                                                        $349,667.90
 $350,000.00                        08/21/2003                                                        PURCHASE
 CA                                 SINGLE FAMILY                       6.25                          SELECT
 93455                              56.71                               PRIMARY RESIDENCE             N

 557041209                          11/01/2003                          $2,462.87                     10/01/2003
 $400,000.00                        09/19/2003                          $400,000.00                   PURCHASE
                                                                        6.25
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08807                              77.97                               PRIMARY RESIDENCE             N
                                                                        $3,341.86
 557048402                          10/01/2003                                                        10/01/2003
 $550,000.00                        09/02/2003                          $549,465.43                   PURCHASE
 CA                                 SINGLE FAMILY                       6.125                         STANDARD
                                                                        PRIMARY RESIDENCE
 92672                              80                                                                N
 557320306                          10/01/2003                          $3,166.12                     09/01/2003
                                                                        $549,412.01
 $550,000.00                        08/28/2003                                                        PURCHASE
 PA                                 SINGLE FAMILY                       5.625                         RELOCATION
 19010                              79.48                               PRIMARY RESIDENCE             N

 600359618                          09/01/2003                          $3,122.84                     10/01/2003
 $550,000.00                        07/18/2003                          $548,793.22                   REFINANCE
                                                                        5.5
 MD                                 PUD                                                               STANDARD
 21037                              26.19                               PRIMARY RESIDENCE             N
                                                                        $4,402.38
 600403365                          07/01/2003                                                        09/01/2003
 $715,000.00                        05/23/2003                          $711,819.57                   REFINANCE
 CA                                 SINGLE FAMILY                       6.25                          STATED INCOME
                                                                        PRIMARY RESIDENCE
 90210                              65                                                                N
 600503739                          08/01/2003                          $2,580.09                     09/01/2003
                                                                        $446,752.77
 $448,200.00                        06/19/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02062                              78.63                               PRIMARY RESIDENCE             N

 600551117                          06/01/2003                          $2,058.56                     09/01/2003
 $348,000.00                        04/17/2003                          $346,208.52                   REFINANCE
                                                                        5.875
 MA                                 SINGLE FAMILY                                                     STANDARD
 01757                              59.28                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600577874                          06/01/2003                          $2,014.80                     09/01/2003
 $350,000.00                        04/29/2003                          $347,399.85                   REFINANCE
                                                                        5.625
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07082                              52.24                               PRIMARY RESIDENCE             N
                                                                        $2,384.71
 600584343                          08/01/2003                                                        10/01/2003
 $420,000.00                        06/26/2003                          $418,614.54                   REFINANCE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 20905                              74.01                                                             N
 600609381                          05/01/2003                          $1,824.83                     10/01/2003
                                                                        $314,942.67
 $317,000.00                        03/12/2003                                                        REFINANCE
 VA                                 SINGLE FAMILY                       5.625                         STREAMLINE
 20191                              52.83                               PRIMARY RESIDENCE             N

 600613934                          06/01/2003                          $2,435.81                     09/01/2003
 $429,000.00                        04/23/2003                          $422,493.90                   REFINANCE
                                                                        5.5
 MD                                 SINGLE FAMILY                                                     STANDARD
 21666                              47.67                               SECOND HOME                   N
                                                                        $2,374.01
 600615026                          08/01/2003                                                        09/01/2003
 $412,400.00                        06/09/2003                          $411,071.14                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 07430                              74.85                                                             N
 600615069                          06/01/2003                          $3,378.34                     09/01/2003
                                                                        $591,713.73
 $595,000.00                        04/10/2003                                                        REFINANCE
 NY                                 SINGLE FAMILY                       5.5                           STANDARD
 11960                              56.67                               PRIMARY RESIDENCE             N

 600617429                          08/01/2003                          $2,205.29                     09/01/2003
 $388,400.00                        06/20/2003                          $380,499.97                   REFINANCE
                                                                        5.5
 TX                                 SINGLE FAMILY                                                     STANDARD
 75205                              63.15                               PRIMARY RESIDENCE             N
                                                                        $2,484.46
 600618639                          06/01/2003                                                        10/01/2003
 $420,000.00                        04/23/2003                          $407,889.40                   REFINANCE
 CT                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 06430                              32.31                                                             N
 600619049                          07/01/2003                          $3,701.47                     09/01/2003
                                                                        $640,230.97
 $643,000.00                        06/03/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
 60305                              62.73                               PRIMARY RESIDENCE             N

 600620024                          07/01/2003                          $1,960.80                     09/01/2003
 $336,000.00                        05/09/2003                          $334,586.68                   REFINANCE
                                                                        5.75
 MA                                 CONDOMINIUM                                                       STANDARD
 02446                              65.88                               PRIMARY RESIDENCE             N
                                                                        $2,550.16
 600620267                          06/01/2003                                                        10/01/2003
 $443,000.00                        04/18/2003                          $440,609.70                   REFINANCE
 WI                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 53072                              53.37                                                             N
 600620450                          07/01/2003                          $1,934.21                     09/01/2003
                                                                        $334,377.30
 $336,000.00                        05/30/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STREAMLINE
 02038                              80                                  PRIMARY RESIDENCE             N

 600623175                          06/01/2003                          $2,256.57                     09/01/2003
 $392,000.00                        04/17/2003                          $389,884.92                   REFINANCE
                                                                        5.625
 NY                                 SINGLE FAMILY                                                     STANDARD
 11768                              76.71                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600623725                          08/01/2003                          $2,259.67                     09/01/2003
 $382,000.00                        06/27/2003                          $380,825.89                   PURCHASE
                                                                        5.875
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07442                              89.46                               PRIMARY RESIDENCE             N
                                                                        $3,741.77
 600624108                          06/01/2003                                                        09/01/2003
 $650,000.00                        04/18/2003                          $646,492.81                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        SECOND HOME
 08247                              25                                                                N
 600624136                          07/01/2003                          $3,246.70                     09/01/2003
                                                                        $561,571.18
 $564,000.00                        05/05/2003                                                        REFINANCE
 NC                                 SINGLE FAMILY                       5.625                         STANDARD
 28203                              60.97                               PRIMARY RESIDENCE             N

 600625787                          07/01/2003                          $1,968.74                     09/01/2003
 $342,000.00                        05/01/2003                          $340,527.23                   REFINANCE
                                                                        5.625
 KY                                 SINGLE FAMILY                                                     STANDARD
 40245                              90                                  PRIMARY RESIDENCE             N
                                                                        $1,348.05
 600629616                          07/01/2003                                                        09/01/2003
 $231,000.00                        05/05/2003                          $230,028.35                   REFINANCE
 NC                                 SINGLE FAMILY                       5.75                          STATED INCOME
                                                                        PRIMARY RESIDENCE
 28626                              75                                                                N
 600630124                          09/01/2003                          $2,366.15                     09/01/2003
                                                                        $399,182.37
 $400,000.00                        08/01/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.875                         STANDARD
 60025                              65.57                               PRIMARY RESIDENCE             N

 600630736                          06/01/2003                          $2,043.76                     10/01/2003
 $345,500.00                        04/11/2003                          $343,721.42                   PURCHASE
                                                                        5.875
 CA                                 PUD                                                               STANDARD
 92694                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,089.63
 600634429                          08/01/2003                                                        09/01/2003
 $363,000.00                        06/13/2003                          $361,540.90                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 07041                              76.42                                                             N
 600635302                          06/01/2003                          $2,523.50                     09/01/2003
                                                                        $424,403.90
 $426,600.00                        05/02/2003                                                        PURCHASE
 CO                                 SINGLE FAMILY                       5.875                         STANDARD
 80125                              90.02                               PRIMARY RESIDENCE             N

 600656053                          10/01/2003                          $2,650.09                     10/01/2003
 $448,000.00                        07/30/2003                          $447,543.24                   REFINANCE
                                                                        5.875
 VA                                 PUD                                                               STANDARD
 23059                              78.39                               PRIMARY RESIDENCE             N
                                                                        $2,210.52
 600656467                          08/01/2003                                                        10/01/2003
 $384,000.00                        06/05/2003                          $382,762.66                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 90803                              73.99                                                             N
 600659530                          07/01/2003                          $1,400.57                     09/01/2003
                                                                        $238,990.49
 $240,000.00                        05/13/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STATED INCOME
 92840                              63.16                               PRIMARY RESIDENCE             N

 600665497                          08/01/2003                          $2,042.50                     09/01/2003
 $350,000.00                        06/03/2003                          $348,898.48                   REFINANCE
                                                                        5.75
 NC                                 SINGLE FAMILY                                                     STATED INCOME
 28607                              47.62                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600666602                          09/01/2003                          $2,555.91                     09/01/2003
 $444,000.00                        07/02/2003                          $443,048.46                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 91360                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,668.61
 600667070                          09/01/2003                                                        09/01/2003
 $470,000.00                        07/09/2003                          $468,968.76                   REFINANCE
 NC                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 28216                              66.38                                                             N
 600669510                          07/01/2003                          $2,256.57                     10/01/2003
                                                                        $390,311.90
 $392,000.00                        05/30/2003                                                        PURCHASE
 FL                                 SINGLE FAMILY                       5.625                         STANDARD
 34208                              80                                  PRIMARY RESIDENCE             N

 600674063                          06/01/2003                          $2,217.58                     10/01/2003
 $380,000.00                        05/05/2003                          $377,997.15                   PURCHASE
                                                                        5.75
 SC                                 SINGLE FAMILY                                                     STANDARD
 29488                              95                                  PRIMARY RESIDENCE             N
                                                                        $2,497.69
 600674223                          09/01/2003                                                        10/01/2003
 $428,000.00                        07/28/2003                          $427,104.14                   REFINANCE
 NC                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        SECOND HOME
 27959                              74.43                                                             N
 600674323                          07/01/2003                          $2,129.93                     09/01/2003
                                                                        $368,406.63
 $370,000.00                        05/30/2003                                                        REFINANCE
 NC                                 SINGLE FAMILY                       5.625                         STANDARD
 27936                              61.67                               SECOND HOME                   N

 600674715                          07/01/2003                          $2,661.92                     09/01/2003
 $450,000.00                        06/06/2003                          $448,151.29                   PURCHASE
                                                                        5.875
 MA                                 SINGLE FAMILY                                                     STANDARD
 01982                              61.64                               PRIMARY RESIDENCE             N
                                                                        $2,521.03
 600675149                          08/01/2003                                                        09/01/2003
 $432,000.00                        06/30/2003                          $430,640.42                   PURCHASE
 MN                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 55424                              80                                                                N
 600675563                          09/01/2003                          $3,166.11                     10/01/2003
                                                                        $548,821.28
 $550,000.00                        07/03/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STREAMLINE
 02492                              61.11                               PRIMARY RESIDENCE             N

 600676131                          10/01/2003                          $4,137.81                     09/01/2003
 $699,500.00                        08/22/2003                          $698,786.83                   REFINANCE
                                                                        5.875
 MA                                 SINGLE FAMILY                                                     STANDARD
 01742                              70.3                                PRIMARY RESIDENCE             N
                                                                        $2,509.37
 600676444                          05/01/2003                                                        09/01/2003
 $430,000.00                        03/20/2003                          $427,273.81                   PURCHASE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 94587                              79.93                                                             N
 600677618                          07/01/2003                          $2,578.94                     10/01/2003
                                                                        $446,030.16
 $448,000.00                        05/23/2003                                                        PURCHASE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02180                              79.87                               PRIMARY RESIDENCE             N

 600678032                          08/01/2003                          $2,820.72                     10/01/2003
 $490,000.00                        06/19/2003                          $488,421.09                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01770                              67.12                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600679369                          07/01/2003                          $2,590.46                     10/01/2003
 $450,000.00                        05/19/2003                          $448,062.09                   REFINANCE
                                                                        5.625
 NC                                 SINGLE FAMILY                                                     STANDARD
 27614                              75.13                               PRIMARY RESIDENCE             N
                                                                        $2,034.89
 600679586                          08/01/2003                                                        10/01/2003
 $344,000.00                        06/13/2003                          $342,942.67                   REFINANCE
 CA                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 94605                              80                                                                N
 600680096                          08/01/2003                          $2,614.41                     10/01/2003
                                                                        $446,506.41
 $448,000.00                        06/18/2003                                                        PURCHASE
 DE                                 SINGLE FAMILY                       5.75                          STANDARD
 19707                              80                                  PRIMARY RESIDENCE             N

 600680210                          07/01/2003                          $2,360.19                     11/01/2003
 $410,000.00                        05/20/2003                          $408,234.38                   REFINANCE
                                                                        5.625
 NV                                 CONDOMINIUM                                                       STANDARD
 89451                              79.61                               SECOND HOME                   N
                                                                        $2,602.77
 600680678                          06/01/2003                                                        09/01/2003
 $440,000.00                        04/07/2003                          $437,734.92                   PURCHASE
 CA                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 95125                              80                                                                N
 600681060                          07/01/2003                          $2,217.58                     09/01/2003
                                                                        $378,401.56
 $380,000.00                        05/28/2003                                                        PURCHASE
 IL                                 SINGLE FAMILY                       5.75                          STANDARD
 60646                              80                                  PRIMARY RESIDENCE             N

 600681194                          07/01/2003                          $2,394.73                     09/01/2003
 $416,000.00                        05/03/2003                          $414,208.54                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 92867                              54.38                               PRIMARY RESIDENCE             N
                                                                        $3,430.92
 600682671                          07/01/2003                                                        09/01/2003
 $596,000.00                        06/02/2003                          $593,433.34                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 01845                              71.38                                                             N
 600682739                          07/01/2003                          $2,158.71                     09/01/2003
                                                                        $373,385.10
 $375,000.00                        05/27/2003                                                        REFINANCE
 MD                                 PUD                                 5.625                         STANDARD
 20878                              66.96                               PRIMARY RESIDENCE             N

 600683005                          07/01/2003                          $3,465.45                     09/01/2003
 $602,000.00                        05/29/2003                          $598,971.76                   REFINANCE
                                                                        5.625
 MD                                 SINGLE FAMILY                                                     STANDARD
 20817                              70.82                               PRIMARY RESIDENCE             N
                                                                        $2,231.41
 600683244                          08/01/2003                                                        09/01/2003
 $393,000.00                        06/23/2003                          $391,703.60                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 08057                              56.14                                                             N
 600683331                          07/01/2003                          $2,264.26                     09/01/2003
                                                                        $384,322.46
 $388,000.00                        05/15/2003                                                        PURCHASE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
 92253                              80                                  SECOND HOME                   N

 600684946                          07/01/2003                          $3,098.76                     10/01/2003
 $538,300.00                        05/08/2003                          $535,825.45                   PURCHASE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 94523                              70                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600684951                          08/01/2003                          $2,999.17                     09/01/2003
 $521,000.00                        06/16/2003                          $519,068.74                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02481                              35.68                               PRIMARY RESIDENCE             N
                                                                        $2,011.23
 600685735                          08/01/2003                                                        09/01/2003
 $340,000.00                        06/09/2003                          $338,954.96                   REFINANCE
 MA                                 SINGLE FAMILY                       5.875                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 02030                              35.79                                                             N
 600686140                          08/01/2003                          $2,433.30                     09/01/2003
                                                                        $421,337.96
 $422,700.00                        06/17/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02186                              67.1                                PRIMARY RESIDENCE             N

 600686359                          10/01/2003                          $3,702.19                     10/01/2003
 $634,400.00                        08/14/2003                          $633,737.64                   PURCHASE
                                                                        5.75
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07704                              80                                  PRIMARY RESIDENCE             N
                                                                        $1,987.57
 600686675                          10/01/2003                                                        10/01/2003
 $336,000.00                        08/13/2003                          $335,657.43                   REFINANCE
 CA                                 CONDOMINIUM                         5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 92602                              71.49                                                             N
 600687312                          09/01/2003                          $2,052.64                     10/01/2003
                                                                        $346,290.69
 $347,000.00                        07/23/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.875                         STANDARD
 60047                              87.85                               PRIMARY RESIDENCE             N

 600688124                          11/01/2003                          $2,366.15                     10/01/2003
 $400,000.00                        09/02/2003                          $400,000.00                   REFINANCE
                                                                        5.875
 MA                                 SINGLE FAMILY                                                     STANDARD
 02601                              76.05                               SECOND HOME                   N
                                                                        $2,070.38
 600688466                          10/01/2003                                                        09/01/2003
 $350,000.00                        08/07/2003                          $349,643.16                   REFINANCE
 IN                                 SINGLE FAMILY                       5.875                         STATED INCOME
                                                                        PRIMARY RESIDENCE
 46217                              58.82                                                             N
 600688762                          09/01/2003                          $2,569.73                     10/01/2003
                                                                        $445,443.30
 $446,400.00                        07/09/2003                                                        REFINANCE
 SC                                 SINGLE FAMILY                       5.625                         STANDARD
 29730                              80                                  PRIMARY RESIDENCE             N

 600689750                          07/01/2003                          $2,019.16                     09/01/2003
 $346,000.00                        05/22/2003                          $343,873.22                   REFINANCE
                                                                        5.75
 MA                                 SINGLE FAMILY                                                     STANDARD
 02451                              77.75                               PRIMARY RESIDENCE             N
                                                                        $2,820.72
 600690341                          08/01/2003                                                        10/01/2003
 $490,000.00                        06/25/2003                          $488,138.35                   REFINANCE
 IN                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 46205                              79.67                                                             N
 600690774                          07/01/2003                          $2,400.49                     09/01/2003
                                                                        $414,777.70
 $417,000.00                        05/28/2003                                                        REFINANCE
 VA                                 PUD                                 5.625                         STANDARD
 22310                              72.52                               PRIMARY RESIDENCE             N

 600690824                          08/01/2003                          $3,097.03                     09/01/2003
 $538,000.00                        06/17/2003                          $536,266.44                   REFINANCE
                                                                        5.625
 CT                                 SINGLE FAMILY                                                     STANDARD
 06430                              74.21                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600691164                          09/01/2003                          $2,018.49                     09/01/2003
 $355,500.00                        06/30/2003                          $354,719.98                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08540                              38.85                               PRIMARY RESIDENCE             N
                                                                        $3,085.52
 600691166                          09/01/2003                                                        10/01/2003
 $536,000.00                        07/02/2003                          $534,851.27                   REFINANCE
 WI                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 53211                              74.55                                                             N
 600691693                          10/01/2003                          $2,365.95                     09/01/2003
                                                                        $410,560.61
 $411,000.00                        08/25/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 90278                              58.71                               PRIMARY RESIDENCE             N

 600691937                          08/01/2003                          $2,089.19                     09/01/2003
 $358,000.00                        06/18/2003                          $356,873.31                   PURCHASE
                                                                        5.75
 PA                                 SINGLE FAMILY                                                     STANDARD
 19087                              80                                  PRIMARY RESIDENCE             N
                                                                        $3,166.11
 600692226                          08/01/2003                                                        09/01/2003
 $550,000.00                        06/26/2003                          $548,131.89                   PURCHASE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01776                              55.84                                                             N
 600692931                          08/01/2003                          $3,108.54                     09/01/2003
                                                                        $538,260.00
 $540,000.00                        06/30/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 07079                              62.79                               PRIMARY RESIDENCE             N

 600693048                          08/01/2003                          $2,360.19                     10/01/2003
 $410,000.00                        06/30/2003                          $407,464.75                   REFINANCE
                                                                        5.625
 AZ                                 PUD                                                               STANDARD
 85255                              73.87                               PRIMARY RESIDENCE             N
                                                                        $2,271.16
 600693286                          08/01/2003                                                        09/01/2003
 $400,000.00                        07/01/2003                          $397,538.20                   PURCHASE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 07960                              66.67                                                             N
 600693615                          08/01/2003                          $2,417.76                     10/01/2003
                                                                        $418,646.65
 $420,000.00                        07/01/2003                                                        PURCHASE
 IN                                 PUD                                 5.625                         STANDARD
 46032                              60.01                               PRIMARY RESIDENCE             N

 600693843                          08/01/2003                          $2,853.95                     09/01/2003
 $502,642.00                        06/20/2003                          $500,983.90                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01845                              62.05                               PRIMARY RESIDENCE             N
                                                                        $2,201.89
 600694072                          09/01/2003                                                        09/01/2003
 $382,500.00                        07/29/2003                          $381,680.24                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02186                              79.69                                                             N
 600694268                          07/01/2003                          $3,597.85                     09/01/2003
                                                                        $622,308.51
 $625,000.00                        05/29/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 07470                              69.44                               PRIMARY RESIDENCE             N

 600695309                          10/01/2003                          $3,523.02                     09/01/2003
 $612,000.00                        08/12/2003                          $611,345.73                   PURCHASE
                                                                        5.625
 GA                                 SINGLE FAMILY                                                     STANDARD
 30328                              80                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600695685                          08/01/2003                          $2,475.33                     09/01/2003
 $430,000.00                        06/17/2003                          $428,614.42                   REFINANCE
                                                                        5.625
 PA                                 SINGLE FAMILY                                                     STANDARD
 18901                              69.92                               PRIMARY RESIDENCE             N
                                                                        $2,843.75
 600696063                          08/01/2003                                                        09/01/2003
 $494,000.00                        06/12/2003                          $492,408.19                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        SECOND HOME
 08240                              73.73                                                             N
 600696367                          08/01/2003                          $2,478.20                     09/01/2003
                                                                        $429,112.82
 $430,500.00                        06/27/2003                                                        REFINANCE
 IA                                 SINGLE FAMILY                       5.625                         STANDARD
 52411                              79.72                               PRIMARY RESIDENCE             N

 600696394                          07/01/2003                          $2,504.11                     09/01/2003
 $435,000.00                        05/30/2003                          $433,000.30                   REFINANCE
                                                                        5.625
 WI                                 SINGLE FAMILY                                                     STANDARD
 53151                              69.05                               PRIMARY RESIDENCE             N
                                                                        $3,338.81
 600696654                          08/01/2003                                                        09/01/2003
 $580,000.00                        06/12/2003                          $578,131.08                   REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 60035                              72.5                                                              N
 600696800                          08/01/2003                          $2,648.02                     09/01/2003
                                                                        $458,517.76
 $460,000.00                        06/25/2003                                                        REFINANCE
 AZ                                 PUD                                 5.625                         STANDARD
 85262                              65.53                               SECOND HOME                   N

 600696957                          06/01/2003                          $2,395.73                     09/01/2003
 $405,000.00                        04/18/2003                          $402,915.10                   PURCHASE
                                                                        5.875
 CA                                 PUD                                                               STANDARD
 92630                              90                                  PRIMARY RESIDENCE             N
                                                                        $2,271.16
 600697177                          08/01/2003                                                        09/01/2003
 $400,000.00                        06/18/2003                          $398,320.12                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60546                              62.99                                                             N
 600697243                          07/01/2003                          $2,590.45                     09/01/2003
                                                                        $448,062.13
 $450,000.00                        05/23/2003                                                        REFINANCE
 AZ                                 SINGLE FAMILY                       5.625                         STANDARD
 85016                              77.19                               PRIMARY RESIDENCE             N

 600697824                          08/01/2003                          $2,547.67                     09/01/2003
 $448,700.00                        06/12/2003                          $447,219.85                   REFINANCE
                                                                        5.5
 MN                                 SINGLE FAMILY                                                     STANDARD
 55441                              46.94                               PRIMARY RESIDENCE             N
                                                                        $2,924.34
 600698086                          09/01/2003                                                        10/01/2003
 $508,000.00                        07/01/2003                          $506,911.27                   PURCHASE
 NJ                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 07853                              80                                                                N
 600698374                          09/01/2003                          $2,111.79                     09/01/2003
                                                                        $356,065.61
 $357,000.00                        07/21/2003                                                        REFINANCE
 RI                                 SINGLE FAMILY                       5.875                         STANDARD
 02906                              79.33                               PRIMARY RESIDENCE             N

 600698727                          09/01/2003                          $2,630.75                     09/01/2003
 $457,000.00                        07/14/2003                          $456,020.59                   REFINANCE
                                                                        5.625
 PA                                 SINGLE FAMILY                                                     STANDARD
 19038                              65.29                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600699108                          08/01/2003                          $2,154.98                     09/01/2003
 $349,995.00                        06/06/2003                          $348,993.53                   PURCHASE
                                                                        6.25
 MD                                 SINGLE FAMILY                                                     STANDARD
 21784                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,245.06
 600699456                          09/01/2003                                                        09/01/2003
 $390,000.00                        07/11/2003                          $389,164.18                   REFINANCE
 PA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 19067                              66.67                                                             N
 600699761                          10/01/2003                          $2,264.26                     10/01/2003
                                                                        $387,594.91
 $388,000.00                        09/02/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.75                          STANDARD
 02062                              70.42                               PRIMARY RESIDENCE             N

 600699812                          08/01/2003                          $3,662.24                     09/01/2003
 $645,000.00                        06/19/2003                          $642,872.30                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 02481                              69.35                               PRIMARY RESIDENCE             N
                                                                        $1,919.13
 600700105                          07/01/2003                                                        09/01/2003
 $338,000.00                        05/22/2003                          $336,509.95                   REFINANCE
 UT                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 84321                              67.6                                                              N
 600700735                          08/01/2003                          $1,957.23                     09/01/2003
                                                                        $338,904.44
 $340,000.00                        06/26/2003                                                        REFINANCE
 VA                                 PUD                                 5.625                         STANDARD
 23233                              57.14                               PRIMARY RESIDENCE             N

 600701074                          08/01/2003                          $2,463.81                     09/01/2003
 $428,000.00                        06/26/2003                          $426,620.88                   REFINANCE
                                                                        5.625
 NJ                                 PUD                                                               STANDARD
 08822                              79.55                               PRIMARY RESIDENCE             N
                                                                        $2,350.65
 600701077                          08/01/2003                                                        09/01/2003
 $414,000.00                        06/25/2003                          $412,634.31                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 08055                              57.1                                                              N
 600701090                          10/01/2003                          $3,092.94                     10/01/2003
                                                                        $529,446.64
 $530,000.00                        08/06/2003                                                        REFINANCE
 MA                                 TOWNHOUSE                           5.75                          STANDARD
 02129                              46.9                                PRIMARY RESIDENCE             N

 600701471                          10/01/2003                          $2,271.16                     10/01/2003
 $400,000.00                        08/04/2003                          $399,562.17                   REFINANCE
                                                                        5.5
 IL                                 SINGLE FAMILY                                                     STANDARD
 60093                              40                                  PRIMARY RESIDENCE             N
                                                                        $2,100.82
 600701484                          10/01/2003                                                        09/01/2003
 $370,000.00                        08/08/2003                          $369,595.01                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60614                              37                                                                N
 600701520                          09/01/2003                          $3,736.01                     09/01/2003
                                                                        $647,609.11
 $649,000.00                        07/30/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
 60201                              57.43                               PRIMARY RESIDENCE             N

 600701611                          08/01/2003                          $3,410.19                     09/01/2003
 $592,400.00                        06/25/2003                          $590,491.14                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 90275                              69.69                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600701788                          10/01/2003                          $3,727.38                     09/01/2003
 $647,500.00                        08/11/2003                          $646,807.78                   REFINANCE
                                                                        5.625
 IL                                 SINGLE FAMILY                                                     STREAMLINE
 60615                              70                                  PRIMARY RESIDENCE             N
                                                                        $2,938.41
 600702355                          09/01/2003                                                        09/01/2003
 $478,500.00                        07/23/2003                          $477,006.01                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 02043                              43.5                                                              N
 600702436                          08/01/2003                          $3,077.42                     09/01/2003
                                                                        $540,212.08
 $542,000.00                        06/06/2003                                                        REFINANCE
 CT                                 SINGLE FAMILY                       5.5                           STANDARD
 06405                              54.2                                PRIMARY RESIDENCE             N

 600702503                          10/01/2003                          $2,410.68                     09/01/2003
 $430,500.00                        08/13/2003                          $430,017.60                   REFINANCE
                                                                        5.375
 NC                                 SINGLE FAMILY                                                     STATED INCOME
 28461                              57.79                               SECOND HOME                   N
                                                                        $2,271.16
 600702561                          08/01/2003                                                        10/01/2003
 $400,000.00                        06/12/2003                          $398,680.49                   REFINANCE
 IN                                 SINGLE FAMILY                       5.5                           STREAMLINE
                                                                        PRIMARY RESIDENCE
 46260                              55.17                                                             N
 600702567                          09/01/2003                          $2,584.70                     10/01/2003
                                                                        $448,037.73
 $449,000.00                        08/01/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STREAMLINE
 01720                              79.89                               PRIMARY RESIDENCE             N

 600702696                          08/01/2003                          $2,360.19                     09/01/2003
 $410,000.00                        06/25/2003                          $407,669.49                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01890                              44.68                               PRIMARY RESIDENCE             N
                                                                        $2,536.67
 600702703                          08/01/2003                                                        10/01/2003
 $453,000.00                        06/27/2003                          $449,539.37                   REFINANCE
 SC                                 SINGLE FAMILY                       5.375                         STANDARD
                                                                        PRIMARY RESIDENCE
 29605                              49.89                                                             N
 600702764                          09/01/2003                          $2,878.28                     09/01/2003
                                                                        $498,928.43
 $500,000.00                        07/08/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02481                              67.57                               PRIMARY RESIDENCE             N

 600702808                          09/01/2003                          $3,633.85                     10/01/2003
 $640,000.00                        07/29/2003                          $638,595.75                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01921                              56.89                               PRIMARY RESIDENCE             N
                                                                        $2,083.88
 600702909                          08/01/2003                                                        10/01/2003
 $362,000.00                        06/20/2003                          $360,833.54                   REFINANCE
 NC                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 27358                              79.56                                                             N
 600703154                          09/01/2003                          $2,486.30                     10/01/2003
                                                                        $398,760.83
 $400,000.00                        07/11/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 01810                              59.7                                PRIMARY RESIDENCE             N

 600703181                          09/01/2003                          $3,410.76                     10/01/2003
 $592,500.00                        07/14/2003                          $591,230.19                   REFINANCE
                                                                        5.625
 SC                                 PUD                                                               STANDARD
 29585                              77.25                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600703333                          08/01/2003                          $2,975.21                     09/01/2003
 $524,000.00                        06/24/2003                          $522,271.48                   REFINANCE
                                                                        5.5
 PA                                 SINGLE FAMILY                                                     STANDARD
 18940                              62.01                               PRIMARY RESIDENCE             N
                                                                        $2,484.46
 600703889                          10/01/2003                                                        09/01/2003
 $420,000.00                        08/18/2003                          $419,571.79                   REFINANCE
 CT                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 06812                              64.62                                                             N
 600704005                          08/01/2003                          $2,175.98                     09/01/2003
                                                                        $376,782.00
 $378,000.00                        06/17/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 01532                              76.83                               PRIMARY RESIDENCE             N

 600704195                          08/01/2003                          $2,861.66                     09/01/2003
 $504,000.00                        06/11/2003                          $502,337.42                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 02776                              57.93                               PRIMARY RESIDENCE             N
                                                                        $2,220.05
 600704230                          08/01/2003                                                        10/01/2003
 $391,000.00                        06/27/2003                          $389,510.20                   REFINANCE
 AZ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 85021                              73.77                                                             N
 600704309                          07/01/2003                          $2,072.43                     10/01/2003
                                                                        $363,390.94
 $365,000.00                        05/27/2003                                                        REFINANCE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
 21401                              65.16                               PRIMARY RESIDENCE             N

 600704399                          09/01/2003                          $3,321.57                     09/01/2003
 $585,000.00                        07/08/2003                          $583,716.43                   PURCHASE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07417                              66.1                                PRIMARY RESIDENCE             N
                                                                        $2,401.75
 600704480                          09/01/2003                                                        10/01/2003
 $423,000.00                        07/09/2003                          $422,071.88                   REFINANCE
 VA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 22182                              45                                                                N
 600704494                          09/01/2003                          $2,271.16                     09/01/2003
                                                                        $399,122.34
 $400,000.00                        07/08/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 01742                              46.89                               PRIMARY RESIDENCE             N

 600704652                          10/01/2003                          $3,886.60                     09/01/2003
 $666,000.00                        08/14/2003                          $665,304.65                   REFINANCE
                                                                        5.75
 CA                                 SINGLE FAMILY                                                     STANDARD
 90045                              56.68                               PRIMARY RESIDENCE             N
                                                                        $2,668.61
 600704769                          10/01/2003                                                        09/01/2003
 $470,000.00                        08/07/2003                          $469,485.56                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60045                              47                                                                N
 600704971                          09/01/2003                          $2,384.71                     09/01/2003
                                                                        $419,078.47
 $420,000.00                        07/08/2003                                                        REFINANCE
 IN                                 SINGLE FAMILY                       5.5                           STANDARD
 47401                              58.33                               PRIMARY RESIDENCE             N

 600704974                          08/01/2003                          $1,902.09                     10/01/2003
 $335,000.00                        06/23/2003                          $333,894.94                   REFINANCE
                                                                        5.5
 MI                                 SINGLE FAMILY                                                     STANDARD
 48307                              67                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600704996                          09/01/2003                          $3,068.25                     09/01/2003
 $533,000.00                        07/01/2003                          $531,857.71                   REFINANCE
                                                                        5.625
 MN                                 SINGLE FAMILY                                                     STANDARD
 55105                              57.31                               PRIMARY RESIDENCE             N
                                                                        $3,278.94
 600705028                          09/01/2003                                                        10/01/2003
 $569,600.00                        07/22/2003                          $568,379.27                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02458                              77.39                                                             N
 600705050                          10/01/2003                          $2,573.18                     09/01/2003
                                                                        $446,522.13
 $447,000.00                        08/11/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02052                              64.32                               PRIMARY RESIDENCE             N

 600705463                          08/01/2003                          $2,186.34                     09/01/2003
 $379,800.00                        06/12/2003                          $377,971.97                   REFINANCE
                                                                        5.625
 MI                                 SINGLE FAMILY                                                     STANDARD
 48302                              55.85                               PRIMARY RESIDENCE             N
                                                                        $3,448.18
 600705585                          09/01/2003                                                        09/01/2003
 $599,000.00                        07/02/2003                          $597,716.26                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 90277                              64.76                                                             N
 600705598                          08/01/2003                          $2,657.25                     10/01/2003
                                                                        $465,697.47
 $468,000.00                        06/23/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02052                              58.5                                PRIMARY RESIDENCE             N

 600705638                          09/01/2003                          $2,544.40                     10/01/2003
 $442,000.00                        07/03/2003                          $440,139.40                   REFINANCE
                                                                        5.625
 NC                                 SINGLE FAMILY                                                     STANDARD
 28403                              78.51                               PRIMARY RESIDENCE             N
                                                                        $2,935.47
 600705702                          08/01/2003                                                        10/01/2003
 $517,000.00                        06/11/2003                          $513,787.66                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 01776                              58.09                                                             N
 600705754                          09/01/2003                          $2,123.26                     10/01/2003
                                                                        $348,886.41
 $350,000.00                        07/10/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.375                         STANDARD
 01545                              63.06                               PRIMARY RESIDENCE             N

 600705832                          08/01/2003                          $3,667.92                     09/01/2003
 $646,000.00                        06/27/2003                          $643,869.00                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01915                              47.85                               PRIMARY RESIDENCE             N
                                                                        $2,049.34
 600706163                          09/01/2003                                                        09/01/2003
 $356,000.00                        07/17/2003                          $355,237.04                   REFINANCE
 VA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 20136                              79.82                                                             N
 600706182                          09/01/2003                          $3,435.98                     09/01/2003
                                                                        $603,822.21
 $605,150.00                        06/26/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60305                              50.43                               PRIMARY RESIDENCE             N

 600706220                          09/01/2003                          $2,770.81                     10/01/2003
 $488,000.00                        07/08/2003                          $485,729.27                   REFINANCE
                                                                        5.5
 CA                                 SINGLE FAMILY                                                     STANDARD
 90275                              34.61                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600706322                          10/01/2003                          $3,160.35                     09/01/2003
 $549,000.00                        08/12/2003                          $548,413.09                   PURCHASE
                                                                        5.625
 PA                                 SINGLE FAMILY                                                     STANDARD
 18960                              90                                  PRIMARY RESIDENCE             N
                                                                        $3,425.16
 600706676                          09/01/2003                                                        09/01/2003
 $595,000.00                        07/29/2003                          $593,724.82                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02462                              72.12                                                             N
 600706688                          08/01/2003                          $2,325.65                     09/01/2003
                                                                        $402,698.22
 $404,000.00                        06/20/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
 60187                              77.69                               PRIMARY RESIDENCE             N

 600706701                          09/01/2003                          $2,250.82                     09/01/2003
 $391,000.00                        07/08/2003                          $390,162.02                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01772                              72.41                               PRIMARY RESIDENCE             N
                                                                        $2,619.23
 600706969                          10/01/2003                                                        10/01/2003
 $455,000.00                        07/31/2003                          $454,513.58                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01720                              45.5                                                              N
 600707153                          08/01/2003                          $2,097.09                     10/01/2003
                                                                        $368,124.63
 $369,343.00                        06/13/2003                                                        REFINANCE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
 20852                              64.23                               PRIMARY RESIDENCE             N

 600707156                          08/01/2003                          $2,129.21                     10/01/2003
 $375,000.00                        06/27/2003                          $373,762.97                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 02492                              39.06                               PRIMARY RESIDENCE             N
                                                                        $2,251.28
 600707271                          07/01/2003                                                        10/01/2003
 $396,500.00                        05/30/2003                          $394,752.07                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60035                              56.64                                                             N
 600707351                          08/01/2003                          $3,349.96                     10/01/2003
                                                                        $587,886.23
 $590,000.00                        06/27/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60614                              53.64                               PRIMARY RESIDENCE             N

 600707686                          08/01/2003                          $2,555.05                     09/01/2003
 $450,000.00                        06/12/2003                          $448,515.56                   REFINANCE
                                                                        5.5
 IL                                 PUD                                                               STANDARD
 60175                              52.94                               PRIMARY RESIDENCE             N
                                                                        $2,475.32
 600708031                          09/01/2003                                                        09/01/2003
 $430,000.00                        07/30/2003                          $429,078.46                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        SECOND HOME
 02540                              62.32                                                             N
 600708175                          08/01/2003                          $2,059.12                     09/01/2003
                                                                        $356,547.42
 $357,700.00                        06/06/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02481                              21.04                               PRIMARY RESIDENCE             N

 600708194                          09/01/2003                          $2,555.05                     10/01/2003
 $450,000.00                        07/09/2003                          $449,012.64                   REFINANCE
                                                                        5.5
 IL                                 SINGLE FAMILY                                                     STANDARD
 60521                              19.57                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600708221                          08/01/2003                          $2,963.86                     09/01/2003
 $522,000.00                        06/25/2003                          $520,278.05                   REFINANCE
                                                                        5.5
 MO                                 PUD                                                               STANDARD
 64152                              60.35                               PRIMARY RESIDENCE             N
                                                                        $4,861.17
 600708280                          09/01/2003                                                        09/01/2003
 $833,000.00                        08/04/2003                          $831,256.41                   REFINANCE
 SC                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        SECOND HOME
 29451                              54.62                                                             N
 600708426                          08/01/2003                          $2,403.45                     10/01/2003
                                                                        $421,900.07
 $423,300.00                        06/24/2003                                                        REFINANCE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
 20853                              59.62                               PRIMARY RESIDENCE             N

 600708596                          08/01/2003                          $2,480.11                     09/01/2003
 $436,800.00                        06/18/2003                          $435,359.09                   REFINANCE
                                                                        5.5
 MD                                 PUD                                                               STANDARD
 21146                              58.63                               PRIMARY RESIDENCE             N
                                                                        $4,403.77
 600708665                          10/01/2003                                                        09/01/2003
 $765,000.00                        08/12/2003                          $764,182.17                   REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 60035                              68.3                                                              N
 600708735                          09/01/2003                          $2,611.83                     11/01/2003
                                                                        $456,159.45
 $460,000.00                        07/03/2003                                                        REFINANCE
 NC                                 SINGLE FAMILY                       5.5                           STANDARD
 27534                              65.71                               PRIMARY RESIDENCE             N

 600708805                          09/01/2003                          $2,694.07                     09/01/2003
 $468,000.00                        07/18/2003                          $466,695.61                   PURCHASE
                                                                        5.625
 PA                                 SINGLE FAMILY                                                     STANDARD
 19066                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,009.04
 600708919                          08/01/2003                                                        10/01/2003
 $349,000.00                        06/26/2003                          $347,875.44                   REFINANCE
 CO                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 80007                              77.56                                                             N
 600709035                          09/01/2003                          $2,227.79                     10/01/2003
                                                                        $386,136.30
 $387,000.00                        07/24/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 01907                              78.98                               PRIMARY RESIDENCE             N

 600709068                          09/01/2003                          $2,436.18                     09/01/2003
 $423,200.00                        07/07/2003                          $422,041.85                   REFINANCE
                                                                        5.625
 IL                                 PUD                                                               STANDARD
 60010                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,697.00
 600709198                          09/01/2003                                                        10/01/2003
 $475,000.00                        07/25/2003                          $473,957.78                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 02461                              39.75                                                             N
 600709216                          09/01/2003                          $3,009.28                     09/01/2003
                                                                        $528,837.12
 $530,000.00                        07/31/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02461                              37.86                               PRIMARY RESIDENCE             N

 600709254                          08/01/2003                          $2,555.05                     09/01/2003
 $450,000.00                        06/13/2003                          $448,515.56                   REFINANCE
                                                                        5.5
 NC                                 PUD                                                               STANDARD
 27587                              64.29                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600709344                          09/01/2003                          $2,089.46                     09/01/2003
 $368,000.00                        07/11/2003                          $367,192.57                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STREAMLINE
 01772                              36.8                                PRIMARY RESIDENCE             N
                                                                        $2,993.41
 600709354                          09/01/2003                                                        09/01/2003
 $520,000.00                        07/01/2003                          $518,885.57                   REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 60540                              78.79                                                             N
 600709631                          08/01/2003                          $2,384.71                     09/01/2003
                                                                        $418,614.54
 $420,000.00                        07/01/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60035                              43.3                                PRIMARY RESIDENCE             N

 600709695                          10/01/2003                          $2,413.10                     10/01/2003
 $425,000.00                        08/11/2003                          $424,534.82                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08226                              28.33                               PRIMARY RESIDENCE             N
                                                                        $3,106.47
 600709920                          08/01/2003                                                        10/01/2003
 $539,640.00                        06/27/2003                          $537,901.15                   PURCHASE
 VA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 20124                              79.99                                                             N
 600710145                          09/01/2003                          $2,049.72                     10/01/2003
                                                                        $360,126.93
 $361,000.00                        07/30/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 01887                              73.82                               PRIMARY RESIDENCE             N

 600710196                          09/01/2003                          $2,950.24                     09/01/2003
 $519,600.00                        07/08/2003                          $518,459.91                   PURCHASE
                                                                        5.5
 CA                                 PUD                                                               STANDARD
 91381                              79.98                               PRIMARY RESIDENCE             N
                                                                        $3,741.77
 600710282                          09/01/2003                                                        09/01/2003
 $650,000.00                        07/17/2003                          $648,606.96                   REFINANCE
 MD                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 20816                              71.04                                                             N
 600710415                          09/01/2003                          $2,602.77                     10/01/2003
                                                                        $438,763.85
 $440,000.00                        07/18/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.875                         STANDARD
 08558                              80                                  PRIMARY RESIDENCE             N

 600710427                          09/01/2003                          $2,458.05                     10/01/2003
 $427,000.00                        07/25/2003                          $426,084.88                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01775                              71.17                               PRIMARY RESIDENCE             N
                                                                        $2,734.37
 600710679                          09/01/2003                                                        09/01/2003
 $475,000.00                        07/19/2003                          $473,982.00                   REFINANCE
 MD                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 20854                              53.98                                                             N
 600710758                          08/01/2003                          $3,406.73                     09/01/2003
                                                                        $598,020.77
 $600,000.00                        06/30/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02493                              50                                  PRIMARY RESIDENCE             N

 600710865                          09/01/2003                          $2,274.42                     09/01/2003
 $395,100.00                        07/16/2003                          $394,152.77                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02061                              64.77                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600710977                          08/01/2003                          $2,564.70                     10/01/2003
 $451,700.00                        06/26/2003                          $450,209.97                   REFINANCE
                                                                        5.5
 OH                                 SINGLE FAMILY                                                     STANDARD
 43221                              60.23                               PRIMARY RESIDENCE             N
                                                                        $2,816.23
 600711239                          09/01/2003                                                        09/01/2003
 $496,000.00                        07/30/2003                          $494,911.72                   REFINANCE
 MA                                 CONDOMINIUM                         5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 02114                              50.87                                                             N
 600711440                          10/01/2003                          $3,399.36                     09/01/2003
                                                                        $598,044.68
 $598,700.00                        08/25/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60521                              39.91                               PRIMARY RESIDENCE             N

 600711885                          09/01/2003                          $3,168.26                     10/01/2003
 $558,000.00                        07/21/2003                          $556,180.08                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01929                              55.8                                PRIMARY RESIDENCE             N
                                                                        $2,820.72
 600711948                          09/01/2003                                                        09/01/2003
 $490,000.00                        07/07/2003                          $488,311.88                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01742                              19.6                                                              N
 600711976                          10/01/2003                          $2,532.89                     10/01/2003
                                                                        $439,529.61
 $440,000.00                        08/07/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 01701                              62.86                               PRIMARY RESIDENCE             N

 600711997                          10/01/2003                          $2,736.74                     10/01/2003
 $482,000.00                        08/08/2003                          $481,472.43                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01890                              52.68                               PRIMARY RESIDENCE             N
                                                                        $2,072.36
 600711998                          08/01/2003                                                        10/01/2003
 $360,000.00                        06/30/2003                          $358,840.00                   PURCHASE
 MA                                 CONDOMINIUM                         5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02264                              80                                                                N
 600712043                          09/01/2003                          $2,918.58                     09/01/2003
                                                                        $505,913.42
 $507,000.00                        07/18/2003                                                        REFINANCE
 ME                                 SINGLE FAMILY                       5.625                         STANDARD
 03902                              55.71                               SECOND HOME                   N

 600712062                          07/01/2003                          $3,232.31                     10/01/2003
 $561,500.00                        05/29/2003                          $559,081.95                   REFINANCE
                                                                        5.625
 MO                                 PUD                                                               STANDARD
 63038                              58.19                               PRIMARY RESIDENCE             N
                                                                        $2,838.95
 600712228                          09/01/2003                                                        09/01/2003
 $500,000.00                        07/02/2003                          $498,902.93                   REFINANCE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 90035                              65.79                                                             N
 600712282                          08/01/2003                          $2,020.55                     10/01/2003
                                                                        $349,869.00
 $351,000.00                        06/06/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02061                              60.1                                PRIMARY RESIDENCE             N

 600712437                          09/01/2003                          $2,809.21                     09/01/2003
 $488,000.00                        07/11/2003                          $486,954.13                   REFINANCE
                                                                        5.625
 VA                                 SINGLE FAMILY                                                     STANDARD
 20132                              61                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600712569                          08/01/2003                          $2,331.41                     09/01/2003
 $405,000.00                        06/19/2003                          $403,694.99                   REFINANCE
                                                                        5.625
 NJ                                 SINGLE FAMILY                                                     STREAMLINE
 08203                              74.31                               SECOND HOME                   N
                                                                        $3,269.73
 600712570                          08/01/2003                                                        09/01/2003
 $568,000.00                        06/23/2003                          $566,169.75                   REFINANCE
 DC                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 20011                              80                                                                N
 600712577                          09/01/2003                          $2,417.76                     09/01/2003
                                                                        $419,099.88
 $420,000.00                        07/16/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02043                              59.15                               PRIMARY RESIDENCE             N

 600712910                          09/01/2003                          $2,907.06                     09/01/2003
 $505,000.00                        07/16/2003                          $503,917.73                   REFINANCE
                                                                        5.625
 IL                                 2-4 FAMILY                                                        STANDARD
 60614                              41.87                               PRIMARY RESIDENCE             N
                                                                        $2,393.58
 600712928                          09/01/2003                                                        09/01/2003
 $415,800.00                        07/31/2003                          $414,908.88                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01810                              69.18                                                             N
 600713292                          08/01/2003                          $2,952.50                     10/01/2003
                                                                        $518,284.65
 $520,000.00                        06/23/2003                                                        PURCHASE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02492                              65.21                               PRIMARY RESIDENCE             N

 600713312                          09/01/2003                          $3,324.42                     09/01/2003
 $577,500.00                        07/03/2003                          $576,262.33                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02458                              35                                  PRIMARY RESIDENCE             N
                                                                        $3,520.72
 600713331                          08/01/2003                                                        10/01/2003
 $611,600.00                        06/05/2003                          $609,629.26                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01983                              53.18                                                             N
 600713579                          09/01/2003                          $3,701.47                     10/01/2003
                                                                        $641,621.96
 $643,000.00                        07/21/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 07760                              37.82                               PRIMARY RESIDENCE             N

 600713754                          08/01/2003                          $2,475.32                     09/01/2003
 $430,000.00                        06/27/2003                          $428,614.45                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 95136                              71.67                               PRIMARY RESIDENCE             N
                                                                        $2,146.24
 600714200                          08/01/2003                                                        10/01/2003
 $378,000.00                        06/06/2003                          $376,753.08                   REFINANCE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 21029                              55.02                                                             N
 600714441                          08/01/2003                          $2,838.95                     09/01/2003
                                                                        $498,350.62
 $500,000.00                        06/27/2003                                                        PURCHASE
 WA                                 SINGLE FAMILY                       5.5                           STANDARD
 98178                              63.69                               PRIMARY RESIDENCE             N

 600715270                          08/01/2003                          $3,741.77                     09/01/2003
 $650,000.00                        06/23/2003                          $646,398.50                   REFINANCE
                                                                        5.625
 PA                                 SINGLE FAMILY                                                     STANDARD
 19106                              50                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600715273                          07/01/2003                          $2,179.74                     09/01/2003
 $383,900.00                        05/19/2003                          $381,595.91                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08501                              69.8                                PRIMARY RESIDENCE             N
                                                                        $2,307.09
 600715757                          10/01/2003                                                        10/01/2003
 $412,000.00                        08/14/2003                          $411,538.33                   REFINANCE
 NC                                 SINGLE FAMILY                       5.375                         STANDARD
                                                                        SECOND HOME
 28480                              57.22                                                             N
 600715942                          08/01/2003                          $2,205.86                     10/01/2003
                                                                        $387,218.44
 $388,500.00                        06/20/2003                                                        PURCHASE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60515                              68.94                               PRIMARY RESIDENCE             N

 600716011                          09/01/2003                          $2,417.76                     10/01/2003
 $420,000.00                        07/11/2003                          $416,884.88                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02482                              46.41                               PRIMARY RESIDENCE             N
                                                                        $2,245.06
 600716038                          09/01/2003                                                        09/01/2003
 $390,000.00                        07/22/2003                          $389,164.18                   REFINANCE
 NH                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 03031                              76.47                                                             N
 600716071                          08/01/2003                          $3,066.06                     09/01/2003
                                                                        $538,218.68
 $540,000.00                        06/25/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 01965                              33.75                               PRIMARY RESIDENCE             N

 600716143                          09/01/2003                          $3,724.50                     09/01/2003
 $647,000.00                        07/14/2003                          $645,246.67                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02171                              77.02                               PRIMARY RESIDENCE             N
                                                                        $2,555.91
 600716147                          09/01/2003                                                        09/01/2003
 $444,000.00                        07/14/2003                          $443,048.46                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01721                              70.03                                                             N
 600716413                          08/01/2003                          $3,355.63                     09/01/2003
                                                                        $589,050.45
 $591,000.00                        06/16/2003                                                        REFINANCE
 OH                                 SINGLE FAMILY                       5.5                           STANDARD
 43082                              65.67                               PRIMARY RESIDENCE             N

 600716719                          10/01/2003                          $2,196.13                     09/01/2003
 $381,500.00                        08/13/2003                          $381,092.15                   REFINANCE
                                                                        5.625
 ME                                 SINGLE FAMILY                                                     STANDARD
 04021                              71.98                               PRIMARY RESIDENCE             N
                                                                        $3,690.63
 600716826                          08/01/2003                                                        09/01/2003
 $650,000.00                        06/11/2003                          $647,855.82                   REFINANCE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 21401                              33.85                                                             N
 600716926                          09/01/2003                          $2,242.77                     09/01/2003
                                                                        $394,133.32
 $395,000.00                        07/14/2003                                                        REFINANCE
 CT                                 SINGLE FAMILY                       5.5                           STANDARD
 06880                              37.62                               PRIMARY RESIDENCE             N

 600717689                          09/01/2003                          $2,246.76                     10/01/2003
 $385,000.00                        07/25/2003                          $384,194.14                   REFINANCE
                                                                        5.75
 MA                                 SINGLE FAMILY                                                     STANDARD
 02462                              66.72                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600717955                          10/01/2003                          $2,356.32                     09/01/2003
 $415,000.00                        08/01/2003                          $414,545.76                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01776                              37.73                               PRIMARY RESIDENCE             N
                                                                        $2,217.58
 600718612                          10/01/2003                                                        10/01/2003
 $380,000.00                        08/01/2003                          $379,603.25                   PURCHASE
 NJ                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 07757                              76                                                                N
 600718750                          07/01/2003                          $2,013.33                     09/01/2003
                                                                        $343,548.79
 $345,000.00                        05/28/2003                                                        PURCHASE
 MA                                 SINGLE FAMILY                       5.75                          STANDARD
 02038                              79.31                               PRIMARY RESIDENCE             N

 600718832                          08/01/2003                          $2,751.64                     09/01/2003
 $478,000.00                        06/17/2003                          $476,459.76                   REFINANCE
                                                                        5.625
 MO                                 PUD                                                               STANDARD
 63141                              50.96                               PRIMARY RESIDENCE             N
                                                                        $2,504.11
 600719335                          09/01/2003                                                        09/01/2003
 $435,000.00                        07/30/2003                          $434,067.72                   REFINANCE
 VA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 22181                              66.92                                                             N
 600719360                          09/01/2003                          $2,964.63                     09/01/2003
                                                                        $513,896.28
 $515,000.00                        07/17/2003                                                        REFINANCE
 MD                                 SINGLE FAMILY                       5.625                         STANDARD
 20874                              70.36                               PRIMARY RESIDENCE             N

 600719408                          08/01/2003                          $2,749.34                     09/01/2003
 $477,600.00                        06/16/2003                          $476,061.04                   PURCHASE
                                                                        5.625
 PA                                 SINGLE FAMILY                                                     STANDARD
 18901                              80                                  PRIMARY RESIDENCE             N
                                                                        $3,520.29
 600719739                          09/01/2003                                                        09/01/2003
 $620,000.00                        07/15/2003                          $618,639.65                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60187                              65.96                                                             N
 600719947                          08/01/2003                          $2,065.33                     10/01/2003
                                                                        $362,149.16
 $363,750.00                        06/13/2003                                                        REFINANCE
 NC                                 SINGLE FAMILY                       5.5                           STANDARD
 28173                              61.65                               PRIMARY RESIDENCE             N

 600720048                          09/01/2003                          $1,975.91                     09/01/2003
 $348,000.00                        07/07/2003                          $347,236.43                   REFINANCE
                                                                        5.5
 SC                                 SINGLE FAMILY                                                     STANDARD
 29607                              50.07                               PRIMARY RESIDENCE             N
                                                                        $2,583.44
 600720236                          10/01/2003                                                        09/01/2003
 $455,000.00                        09/03/2003                          $454,501.98                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60005                              68.42                                                             N
 600720543                          09/01/2003                          $2,561.67                     10/01/2003
                                                                        $443,969.47
 $445,000.00                        07/31/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 01845                              74.17                               PRIMARY RESIDENCE             N

 600720595                          08/01/2003                          $2,271.16                     09/01/2003
 $400,000.00                        06/16/2003                          $398,680.49                   REFINANCE
                                                                        5.5
 FL                                 SINGLE FAMILY                                                     STANDARD
 34108                              47.06                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600721083                          09/01/2003                          $3,105.67                     09/01/2003
 $539,500.00                        07/07/2003                          $538,343.77                   REFINANCE
                                                                        5.625
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07675                              79.34                               PRIMARY RESIDENCE             N
                                                                        $2,250.82
 600721490                          11/01/2003                                                        10/01/2003
 $391,000.00                        09/12/2003                          $391,000.00                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02568                              50.45                                                             N
 600721689                          10/01/2003                          $3,943.25                     09/01/2003
                                                                        $684,267.69
 $685,000.00                        08/28/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 90275                              77.84                               PRIMARY RESIDENCE             N

 600722055                          10/01/2003                          $3,037.67                     10/01/2003
 $535,000.00                        08/07/2003                          $534,414.41                   REFINANCE
                                                                        5.5
 CA                                 SINGLE FAMILY                                                     STANDARD
 90266                              69.03                               PRIMARY RESIDENCE             N
                                                                        $2,861.01
 600722225                          09/01/2003                                                        09/01/2003
 $497,000.00                        07/24/2003                          $495,195.53                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01772                              69.51                                                             N
 600722243                          09/01/2003                          $2,573.18                     10/01/2003
                                                                        $445,988.26
 $447,000.00                        07/14/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02332                              64.78                               PRIMARY RESIDENCE             N

 600722473                          09/01/2003                          $3,022.20                     10/01/2003
 $525,000.00                        07/29/2003                          $523,874.85                   REFINANCE
                                                                        5.625
 CT                                 SINGLE FAMILY                                                     STANDARD
 06878                              62.87                               PRIMARY RESIDENCE             N
                                                                        $3,430.91
 600722486                          09/01/2003                                                        09/01/2003
 $596,000.00                        07/29/2003                          $594,722.69                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02081                              67.73                                                             N
 600722550                          09/01/2003                          $3,425.16                     09/01/2003
                                                                        $593,724.82
 $595,000.00                        07/23/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02030                              47.6                                PRIMARY RESIDENCE             N

 600722560                          11/01/2003                          $2,334.29                     10/01/2003
 $400,000.00                        09/16/2003                          $400,000.00                   REFINANCE
                                                                        5.75
 CT                                 SINGLE FAMILY                                                     STANDARD
 06853                              38.1                                PRIMARY RESIDENCE             N
                                                                        $2,619.27
 600722931                          09/01/2003                                                        09/01/2003
 $467,750.00                        07/17/2003                          $466,699.37                   REFINANCE
 PA                                 PUD                                 5.375                         STANDARD
                                                                        PRIMARY RESIDENCE
 19312                              63.64                                                             N
 600722987                          08/01/2003                          $2,049.34                     09/01/2003
                                                                        $354,852.87
 $356,000.00                        06/23/2003                                                        REFINANCE
 KY                                 SINGLE FAMILY                       5.625                         STREAMLINE
 40059                              80                                  PRIMARY RESIDENCE             N

 600723060                          08/01/2003                          $2,697.00                     09/01/2003
 $475,000.00                        07/02/2003                          $473,433.09                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STREAMLINE
 02467                              47.5                                PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600723190                          09/01/2003                          $2,619.24                     10/01/2003
 $455,000.00                        07/14/2003                          $454,024.86                   REFINANCE
                                                                        5.625
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07704                              54.49                               PRIMARY RESIDENCE             N
                                                                        $2,924.11
 600723210                          09/01/2003                                                        09/01/2003
 $515,000.00                        07/25/2003                          $513,870.03                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 02493                              36.79                                                             N
 600723330                          09/01/2003                          $2,371.70                     10/01/2003
                                                                        $411,117.04
 $412,000.00                        07/17/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02129                              66.45                               PRIMARY RESIDENCE             N

 600723440                          08/01/2003                          $3,469.19                     10/01/2003
 $611,000.00                        06/23/2003                          $605,970.70                   REFINANCE
                                                                        5.5
 CO                                 SINGLE FAMILY                                                     STANDARD
 80301                              50.92                               PRIMARY RESIDENCE             N
                                                                        $2,388.97
 600723541                          09/01/2003                                                        09/01/2003
 $415,000.00                        08/04/2003                          $414,110.60                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01545                              57.24                                                             N
 600723921                          10/01/2003                          $2,417.76                     10/01/2003
                                                                        $419,550.99
 $420,000.00                        08/06/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 01776                              71.19                               PRIMARY RESIDENCE             N

 600724165                          08/01/2003                          $2,239.76                     09/01/2003
 $383,800.00                        06/16/2003                          $382,592.07                   REFINANCE
                                                                        5.75
 NC                                 SINGLE FAMILY                                                     STANDARD
 28270                              73.1                                PRIMARY RESIDENCE             N
                                                                        $2,561.67
 600724195                          09/01/2003                                                        10/01/2003
 $445,000.00                        07/14/2003                          $444,046.31                   REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 60069                              55.63                                                             N
 600724282                          09/01/2003                          $3,009.28                     10/01/2003
                                                                        $528,837.12
 $530,000.00                        07/22/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02467                              44.17                               PRIMARY RESIDENCE             N

 600724294                          09/01/2003                          $2,129.21                     10/01/2003
 $375,000.00                        07/15/2003                          $374,177.20                   REFINANCE
                                                                        5.5
 IL                                 SINGLE FAMILY                                                     STANDARD
 60025                              40.34                               PRIMARY RESIDENCE             N
                                                                        $2,590.45
 600724338                          10/01/2003                                                        09/01/2003
 $450,000.00                        08/06/2003                          $449,518.93                   REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 60093                              60.4                                                              N
 600724472                          11/01/2003                          $2,401.75                     10/01/2003
                                                                        $423,000.00
 $423,000.00                        09/03/2003                                                        REFINANCE
 MA                                 CONDOMINIUM                         5.5                           STANDARD
 02118                              56.03                               PRIMARY RESIDENCE             N

 600724616                          09/01/2003                          $2,400.49                     09/01/2003
 $417,000.00                        07/25/2003                          $415,872.57                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STREAMLINE
 02492                              79.93                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600724883                          09/01/2003                          $2,271.16                     09/01/2003
 $400,000.00                        07/29/2003                          $399,122.34                   REFINANCE
                                                                        5.5
 IL                                 SINGLE FAMILY                                                     STANDARD
 60015                              47.34                               PRIMARY RESIDENCE             N
                                                                        $2,464.20
 600725042                          09/01/2003                                                        09/01/2003
 $434,000.00                        07/18/2003                          $433,047.76                   REFINANCE
 CT                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 06468                              66.77                                                             N
 600725283                          09/01/2003                          $2,590.45                     09/01/2003
                                                                        $448,624.13
 $450,000.00                        07/18/2003                                                        REFINANCE
 DC                                 SINGLE FAMILY                       5.625                         STANDARD
 20007                              46.01                               PRIMARY RESIDENCE             N

 600725372                          09/01/2003                          $2,492.59                     09/01/2003
 $433,000.00                        07/25/2003                          $432,072.03                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01772                              55.87                               PRIMARY RESIDENCE             N
                                                                        $2,867.34
 600725555                          08/01/2003                                                        11/01/2003
 $505,000.00                        06/17/2003                          $503,130.01                   REFINANCE
 SC                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 29036                              63.24                                                             N
 600725606                          09/01/2003                          $2,413.11                     09/01/2003
                                                                        $424,067.48
 $425,000.00                        07/22/2003                                                        REFINANCE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
 20764                              48.85                               PRIMARY RESIDENCE             N

 600725699                          11/01/2003                          $4,208.05                     10/01/2003
 $731,000.00                        09/12/2003                          $731,000.00                   REFINANCE
                                                                        5.625
 IL                                 SINGLE FAMILY                                                     STANDARD
 60657                              73.1                                PRIMARY RESIDENCE             N
                                                                        $2,318.83
 600725737                          09/01/2003                                                        10/01/2003
 $392,000.00                        07/03/2003                          $391,198.72                   REFINANCE
 VA                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 23451                              80                                                                N
 600725774                          07/01/2003                          $2,055.09                     09/01/2003
                                                                        $355,462.63
 $357,000.00                        05/29/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 01950                              63.75                               PRIMARY RESIDENCE             N

 600725837                          09/01/2003                          $2,157.60                     09/01/2003
 $380,000.00                        07/07/2003                          $379,166.23                   REFINANCE
                                                                        5.5
 IL                                 SINGLE FAMILY                                                     STANDARD
 60515                              67.86                               PRIMARY RESIDENCE             N
                                                                        $2,783.04
 600726153                          10/01/2003                                                        09/01/2003
 $452,000.00                        08/20/2003                          $451,571.13                   REFINANCE
 RI                                 SINGLE FAMILY                       6.25                          STANDARD
                                                                        PRIMARY RESIDENCE
 02809                              80                                                                N
 600726335                          10/01/2003                          $2,214.38                     10/01/2003
                                                                        $389,573.12
 $390,000.00                        08/14/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 01776                              51.38                               PRIMARY RESIDENCE             N

 600726416                          08/01/2003                          $2,256.57                     10/01/2003
 $392,000.00                        06/09/2003                          $390,658.70                   REFINANCE
                                                                        5.625
 CO                                 PUD                                                               STANDARD
 80016                              80                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600726575                          09/01/2003                          $2,481.08                     09/01/2003
 $431,000.00                        07/10/2003                          $430,076.30                   REFINANCE
                                                                        5.625
 VA                                 SINGLE FAMILY                                                     STANDARD
 22207                              79.96                               PRIMARY RESIDENCE             N
                                                                        $2,237.67
 600727054                          08/01/2003                                                        10/01/2003
 $360,000.00                        06/09/2003                          $358,341.74                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 07936                              53.33                                                             N
 600727778                          10/01/2003                          $2,776.49                     10/01/2003
                                                                        $488,464.76
 $489,000.00                        08/08/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02420                              40.41                               PRIMARY RESIDENCE             N

 600727796                          10/01/2003                          $3,368.27                     09/01/2003
 $548,500.00                        08/07/2003                          $547,645.69                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 02467                              47.08                               PRIMARY RESIDENCE             N
                                                                        $3,406.73
 600727914                          09/01/2003                                                        10/01/2003
 $600,000.00                        07/23/2003                          $598,683.53                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STREAMLINE
                                                                        SECOND HOME
 02540                              37.5                                                              N
 600728137                          10/01/2003                          $2,490.58                     09/01/2003
                                                                        $404,116.19
 $404,500.00                        08/15/2003                                                        REFINANCE
 NE                                 SINGLE FAMILY                       6.25                          STANDARD
 68132                              73.55                               PRIMARY RESIDENCE             N

 600728274                          08/01/2003                          $2,458.53                     09/01/2003
 $433,000.00                        06/20/2003                          $431,571.63                   REFINANCE
                                                                        5.5
 MD                                 SINGLE FAMILY                                                     STANDARD
 21405                              50.91                               PRIMARY RESIDENCE             N
                                                                        $2,245.06
 600728424                          09/01/2003                                                        09/01/2003
 $390,000.00                        07/09/2003                          $389,164.18                   REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 60013                              55.71                                                             N
 600728430                          09/01/2003                          $2,070.38                     09/01/2003
                                                                        $348,882.62
 $350,000.00                        08/04/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.875                         STREAMLINE
 02067                              70                                  PRIMARY RESIDENCE             N

 600728562                          10/01/2003                          $4,143.79                     09/01/2003
 $740,000.00                        09/03/2003                          $739,170.79                   REFINANCE
                                                                        5.375
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07458                              46.84                               PRIMARY RESIDENCE             N
                                                                        $2,051.05
 600728769                          09/01/2003                                                        09/01/2003
 $334,000.00                        07/30/2003                          $332,957.18                   REFINANCE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 92606                              53.7                                                              N
 600728928                          10/01/2003                          $2,901.31                     09/01/2003
                                                                        $503,461.19
 $504,000.00                        08/13/2003                                                        REFINANCE
 PA                                 SINGLE FAMILY                       5.625                         STANDARD
 19010                              63                                  PRIMARY RESIDENCE             N

 600728956                          09/01/2003                          $2,676.80                     09/01/2003
 $465,000.00                        07/29/2003                          $464,003.45                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02461                              56.71                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600729250                          09/01/2003                          $2,032.07                     09/01/2003
 $353,000.00                        07/17/2003                          $352,243.47                   REFINANCE
                                                                        5.625
 VA                                 SINGLE FAMILY                                                     STANDARD
 22646                              39.66                               PRIMARY RESIDENCE             N
                                                                        $2,590.46
 600729297                          08/01/2003                                                        10/01/2003
 $450,000.00                        06/25/2003                          $448,549.97                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 07069                              62.07                                                             N
 600729306                          09/01/2003                          $2,138.57                     10/01/2003
                                                                        $370,703.81
 $371,500.00                        07/17/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 07728                              64.61                               PRIMARY RESIDENCE             N

 600729314                          09/01/2003                          $2,590.45                     09/01/2003
 $450,000.00                        07/15/2003                          $448,893.14                   REFINANCE
                                                                        5.625
 MN                                 SINGLE FAMILY                                                     STANDARD
 55122                              77.59                               PRIMARY RESIDENCE             N
                                                                        $2,039.79
 600729320                          08/01/2003                                                        09/01/2003
 $359,250.00                        06/24/2003                          $358,064.90                   REFINANCE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 21030                              40.82                                                             N
 600729396                          08/01/2003                          $2,041.21                     09/01/2003
                                                                        $358,313.46
 $359,500.00                        06/24/2003                                                        REFINANCE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
 21131                              52.87                               PRIMARY RESIDENCE             N

 600729440                          10/01/2003                          $2,188.40                     10/01/2003
 $375,000.00                        08/27/2003                          $374,608.48                   REFINANCE
                                                                        5.75
 MA                                 SINGLE FAMILY                                                     STANDARD
 02066                              48.39                               PRIMARY RESIDENCE             N
                                                                        $2,417.75
 600730375                          09/01/2003                                                        09/01/2003
 $420,000.00                        07/23/2003                          $419,099.90                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 01742                              77.06                                                             N
 600730612                          10/01/2003                          $2,101.15                     09/01/2003
                                                                        $364,609.79
 $365,000.00                        08/12/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 93012                              77.66                               PRIMARY RESIDENCE             N

 600730946                          09/01/2003                          $3,662.24                     10/01/2003
 $645,000.00                        07/18/2003                          $643,584.78                   REFINANCE
                                                                        5.5
 AZ                                 PUD                                                               STANDARD
 85737                              73.97                               PRIMARY RESIDENCE             N
                                                                        $2,878.28
 600731073                          09/01/2003                                                        09/01/2003
 $500,000.00                        07/25/2003                          $498,928.43                   REFINANCE
 IN                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 46256                              71.43                                                             N
 600731229                          10/01/2003                          $3,589.33                     09/01/2003
                                                                        $649,254.42
 $650,000.00                        08/20/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.25                          STANDARD
 02465                              54.17                               PRIMARY RESIDENCE             N

 600731403                          09/01/2003                          $2,362.00                     09/01/2003
 $416,000.00                        07/28/2003                          $415,087.25                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01890                              55.47                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600731666                          09/01/2003                          $2,435.82                     09/01/2003
 $429,000.00                        07/07/2003                          $428,058.71                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01760                              66                                  PRIMARY RESIDENCE             N
                                                                        $2,009.97
 600731737                          09/01/2003                                                        09/01/2003
 $354,000.00                        07/07/2003                          $352,959.23                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 02420                              54.38                                                             N
 600731917                          10/01/2003                          $2,089.46                     09/01/2003
                                                                        $367,597.21
 $368,000.00                        08/19/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 01949                              49.4                                PRIMARY RESIDENCE             N

 600732071                          09/01/2003                          $2,388.98                     09/01/2003
 $415,000.00                        07/23/2003                          $414,110.58                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01545                              64.64                               PRIMARY RESIDENCE             N
                                                                        $2,697.00
 600732546                          08/01/2003                                                        09/01/2003
 $475,000.00                        06/19/2003                          $473,433.05                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 02445                              36.54                                                             N
 600732548                          08/01/2003                          $2,256.96                     10/01/2003
                                                                        $395,585.99
 $397,500.00                        06/18/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60305                              64.63                               PRIMARY RESIDENCE             N

 600732661                          09/01/2003                          $2,288.81                     10/01/2003
 $397,600.00                        07/25/2003                          $396,747.89                   REFINANCE
                                                                        5.625
 MD                                 SINGLE FAMILY                                                     STANDARD
 20817                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,302.63
 600732975                          09/01/2003                                                        10/01/2003
 $400,000.00                        08/04/2003                          $398,926.91                   REFINANCE
 MA                                 CONDOMINIUM                         5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02139                              66.67                                                             N
 600733007                          09/01/2003                          $2,187.49                     10/01/2003
                                                                        $379,185.62
 $380,000.00                        07/24/2003                                                        PURCHASE
 PA                                 SINGLE FAMILY                       5.625                         STANDARD
 19380                              80                                  PRIMARY RESIDENCE             N

 600733189                          09/01/2003                          $2,364.64                     10/01/2003
 $405,200.00                        07/23/2003                          $404,351.86                   PURCHASE
                                                                        5.75
 CA                                 SINGLE FAMILY                                                     STANDARD
 92083                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,676.81
 600733682                          10/01/2003                                                        09/01/2003
 $465,000.00                        08/28/2003                          $464,502.88                   REFINANCE
 OH                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 45249                              78.68                                                             N
 600733815                          09/01/2003                          $3,333.05                     09/01/2003
                                                                        $577,759.12
 $579,000.00                        07/21/2003                                                        REFINANCE
 PA                                 SINGLE FAMILY                       5.625                         STANDARD
 19035                              52.64                               PRIMARY RESIDENCE             N

 600734035                          09/01/2003                          $3,293.18                     09/01/2003
 $580,000.00                        07/24/2003                          $578,727.39                   REFINANCE
                                                                        5.5
 IN                                 SINGLE FAMILY                                                     STANDARD
 47401                              59.49                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600734239                          09/01/2003                          $2,237.09                     09/01/2003
 $394,000.00                        07/02/2003                          $393,135.51                   REFINANCE
                                                                        5.5
 NC                                 SINGLE FAMILY                                                     STANDARD
 27106                              73.92                               PRIMARY RESIDENCE             N
                                                                        $4,902.01
 600734850                          11/01/2003                                                        10/01/2003
 $840,000.00                        09/04/2003                          $840,000.00                   REFINANCE
 MA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 02420                              70                                                                N
 600734925                          10/01/2003                          $1,968.74                     09/01/2003
                                                                        $341,634.39
 $342,000.00                        08/08/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02043                              46.85                               PRIMARY RESIDENCE             N

 600734977                          09/01/2003                          $2,164.47                     10/01/2003
 $376,000.00                        07/25/2003                          $375,194.18                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STREAMLINE
 02493                              62.67                               PRIMARY RESIDENCE             N
                                                                        $3,453.94
 600735006                          09/01/2003                                                        10/01/2003
 $600,000.00                        07/23/2003                          $598,714.11                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 07722                              61.54                                                             N
 600735419                          09/01/2003                          $2,594.80                     09/01/2003
                                                                        $455,717.13
 $457,000.00                        07/23/2003                                                        REFINANCE
 VT                                 SINGLE FAMILY                       5.5                           STANDARD
 05461                              73.71                               PRIMARY RESIDENCE             N

 600735778                          10/01/2003                          $3,960.33                     10/01/2003
 $697,500.00                        08/29/2003                          $696,736.55                   REFINANCE
                                                                        5.5
 NC                                 SINGLE FAMILY                                                     STANDARD
 28480                              43.59                               SECOND HOME                   N
                                                                        $2,180.31
 600735857                          08/01/2003                                                        10/01/2003
 $384,000.00                        07/01/2003                          $382,733.28                   PURCHASE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 92124                              80                                                                N
 600735997                          10/01/2003                          $2,620.35                     09/01/2003
                                                                        $460,994.86
 $461,500.00                        08/13/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60035                              55.27                               PRIMARY RESIDENCE             N

 600736092                          10/01/2003                          $2,688.48                     09/01/2003
 $473,500.00                        08/07/2003                          $472,981.73                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 02481                              49.32                               PRIMARY RESIDENCE             N
                                                                        $2,259.80
 600736438                          08/01/2003                                                        09/01/2003
 $398,000.00                        06/17/2003                          $396,673.85                   REFINANCE
 VA                                 SINGLE FAMILY                       5.5                           STREAMLINE
                                                                        PRIMARY RESIDENCE
 22046                              51.35                                                             N
 600737004                          09/01/2003                          $2,466.69                     11/01/2003
                                                                        $427,581.66
 $428,500.00                        07/17/2003                                                        REFINANCE
 NJ                                 CONDOMINIUM                         5.625                         STANDARD
 08202                              79.35                               SECOND HOME                   N

 600737322                          09/01/2003                          $2,671.05                     09/01/2003
 $464,000.00                        07/01/2003                          $463,005.57                   REFINANCE
                                                                        5.625
 IL                                 PUD                                                               STREAMLINE
 60012                              80                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600737423                          09/01/2003                          $2,791.94                     10/01/2003
 $485,000.00                        07/14/2003                          $483,960.57                   REFINANCE
                                                                        5.625
 PA                                 SINGLE FAMILY                                                     STANDARD
 19067                              74.05                               PRIMARY RESIDENCE             N
                                                                        $2,004.14
 600737823                          09/01/2003                                                        09/01/2003
 $357,900.00                        07/23/2003                          $357,096.11                   REFINANCE
 MD                                 SINGLE FAMILY                       5.375                         STANDARD
                                                                        SECOND HOME
 20733                              58.67                                                             N
 600738177                          09/01/2003                          $2,248.44                     09/01/2003
                                                                        $395,131.13
 $396,000.00                        07/28/2003                                                        REFINANCE
 PA                                 SINGLE FAMILY                       5.5                           STREAMLINE
 19002                              49.5                                PRIMARY RESIDENCE             N

 600738633                          09/01/2003                          $2,907.08                     09/01/2003
 $512,000.00                        07/09/2003                          $510,876.61                   REFINANCE
                                                                        5.5
 IL                                 SINGLE FAMILY                                                     STANDARD
 60640                              56.89                               PRIMARY RESIDENCE             N
                                                                        $2,594.80
 600738654                          09/01/2003                                                        09/01/2003
 $457,000.00                        07/12/2003                          $455,997.27                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 07059                              66.23                                                             N
 600738701                          09/01/2003                          $1,962.99                     09/01/2003
                                                                        $340,259.48
 $341,000.00                        07/30/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02035                              76.63                               PRIMARY RESIDENCE             N

 600738772                          09/01/2003                          $2,787.84                     10/01/2003
 $491,000.00                        08/01/2003                          $489,922.69                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01720                              59.88                               PRIMARY RESIDENCE             N
                                                                        $2,185.99
 600738949                          08/01/2003                                                        09/01/2003
 $385,000.00                        07/01/2003                          $383,729.97                   REFINANCE
 MA                                 CONDOMINIUM                         5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 02129                              68.14                                                             N
 600739876                          09/01/2003                          $3,050.98                     09/01/2003
                                                                        $528,864.14
 $530,000.00                        07/01/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 90275                              74.13                               PRIMARY RESIDENCE             N

 600740241                          09/01/2003                          $2,072.36                     10/01/2003
 $360,000.00                        07/28/2003                          $359,228.48                   REFINANCE
                                                                        5.625
 IL                                 SINGLE FAMILY                                                     STANDARD
 60120                              78.26                               PRIMARY RESIDENCE             N
                                                                        $2,384.71
 600740539                          09/01/2003                                                        09/01/2003
 $420,000.00                        07/22/2003                          $418,576.18                   REFINANCE
 CT                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 06001                              60                                                                N
 600740804                          09/01/2003                          $2,567.43                     09/01/2003
                                                                        $445,044.16
 $446,000.00                        07/22/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 08055                              71.36                               PRIMARY RESIDENCE             N

 600740914                          10/01/2003                          $3,628.17                     09/01/2003
 $639,000.00                        08/08/2003                          $638,300.58                   REFINANCE
                                                                        5.5
 PA                                 SINGLE FAMILY                                                     STATED INCOME
 19041                              58.09                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600740969                          09/01/2003                          $2,774.66                     09/01/2003
 $482,000.00                        07/22/2003                          $479,962.33                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01921                              50.21                               PRIMARY RESIDENCE             N
                                                                        $3,666.93
 600741010                          11/01/2003                                                        10/01/2003
 $637,000.00                        09/05/2003                          $637,000.00                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01890                              59.53                                                             N
 600741269                          10/01/2003                          $2,439.63                     09/01/2003
                                                                        $423,346.93
 $423,800.00                        08/25/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 01906                              60.11                               PRIMARY RESIDENCE             N

 600741276                          10/01/2003                          $2,406.24                     10/01/2003
 $418,000.00                        08/13/2003                          $417,553.14                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01960                              67.42                               PRIMARY RESIDENCE             N
                                                                        $2,099.96
 600741442                          10/01/2003                                                        10/01/2003
 $355,000.00                        08/29/2003                          $353,165.24                   REFINANCE
 CT                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 06897                              28.17                                                             N
 600741525                          09/01/2003                          $2,271.16                     09/01/2003
                                                                        $399,122.34
 $400,000.00                        07/30/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60015                              51.95                               PRIMARY RESIDENCE             N

 600741560                          10/01/2003                          $2,030.83                     09/01/2003
 $348,000.00                        08/28/2003                          $347,636.67                   PURCHASE
                                                                        5.75
 VA                                 SINGLE FAMILY                                                     STANDARD
 24503                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,262.33
 600741778                          09/01/2003                                                        09/01/2003
 $393,000.00                        08/01/2003                          $392,157.75                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01746                              78.13                                                             N
 600742328                          09/01/2003                          $2,504.11                     09/01/2003
                                                                        $428,039.60
 $435,000.00                        07/21/2003                                                        REFINANCE
 PA                                 SINGLE FAMILY                       5.625                         STANDARD
 18947                              87                                  PRIMARY RESIDENCE             N

 600742679                          09/01/2003                          $2,362.49                     09/01/2003
 $410,400.00                        07/22/2003                          $409,520.46                   REFINANCE
                                                                        5.625
 IL                                 SINGLE FAMILY                                                     STANDARD
 60516                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,237.09
 600742834                          09/01/2003                                                        10/01/2003
 $394,000.00                        07/09/2003                          $393,135.51                   REFINANCE
 FL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 34231                              37.52                                                             N
 600743241                          10/01/2003                          $2,579.10                     09/01/2003
                                                                        $435,555.48
 $436,000.00                        08/22/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.875                         STANDARD
 60056                              75.83                               PRIMARY RESIDENCE             N

 600743319                          10/01/2003                          $2,498.27                     09/01/2003
 $440,000.00                        08/20/2003                          $439,518.40                   REFINANCE
                                                                        5.5
 CT                                 SINGLE FAMILY                                                     STANDARD
 06490                              44.44                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600743568                          09/01/2003                          $2,007.13                     09/01/2003
 $353,500.00                        07/03/2003                          $352,724.38                   REFINANCE
                                                                        5.5
 CO                                 PUD                                                               STANDARD
 80504                              65.46                               PRIMARY RESIDENCE             N
                                                                        $2,384.71
 600744044                          09/01/2003                                                        09/01/2003
 $420,000.00                        07/16/2003                          $419,078.47                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 01810                              59.15                                                             N
 600744200                          10/01/2003                          $2,363.47                     10/01/2003
                                                                        $404,577.16
 $405,000.00                        08/15/2003                                                        REFINANCE
 VA                                 SINGLE FAMILY                       5.75                          STANDARD
 24361                              76.42                               PRIMARY RESIDENCE             N

 600744505                          09/01/2003                          $2,668.61                     09/01/2003
 $470,000.00                        07/24/2003                          $468,968.76                   REFINANCE
                                                                        5.5
 MD                                 SINGLE FAMILY                                                     STANDARD
 21032                              52.22                               PRIMARY RESIDENCE             N
                                                                        $2,699.83
 600744815                          09/01/2003                                                        09/01/2003
 $469,000.00                        07/23/2003                          $467,994.87                   REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 60516                              75.65                                                             N
 600744838                          09/01/2003                          $3,406.73                     09/01/2003
                                                                        $598,683.53
 $600,000.00                        07/31/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STREAMLINE
 07470                              53.33                               PRIMARY RESIDENCE             N

 600744878                          09/01/2003                          $2,038.36                     09/01/2003
 $359,000.00                        07/14/2003                          $358,212.32                   REFINANCE
                                                                        5.5
 MD                                 SINGLE FAMILY                                                     STANDARD
 20878                              67.74                               PRIMARY RESIDENCE             N
                                                                        $2,509.63
 600745501                          08/01/2003                                                        10/01/2003
 $442,000.00                        06/24/2003                          $440,373.08                   REFINANCE
 DC                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 20009                              46.04                                                             N
 600746074                          09/01/2003                          $2,302.63                     09/01/2003
                                                                        $399,142.74
 $400,000.00                        08/01/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STREAMLINE
 02465                              53.33                               PRIMARY RESIDENCE             N

 600746204                          10/01/2003                          $2,245.06                     09/01/2003
 $390,000.00                        08/01/2003                          $389,583.07                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STREAMLINE
 01778                              78                                  PRIMARY RESIDENCE             N
                                                                        $3,357.48
 600746255                          07/01/2003                                                        10/01/2003
 $560,000.00                        05/07/2003                          $557,753.30                   REFINANCE
 CA                                 SINGLE FAMILY                       6                             STANDARD
                                                                        PRIMARY RESIDENCE
 91423                              50.91                                                             N
 600746329                          09/01/2003                          $2,331.41                     10/01/2003
                                                                        $404,132.00
 $405,000.00                        07/23/2003                                                        REFINANCE
 NC                                 SINGLE FAMILY                       5.625                         STANDARD
 28226                              42.9                                PRIMARY RESIDENCE             N

 600746715                          10/01/2003                          $3,166.11                     09/01/2003
 $550,000.00                        08/14/2003                          $549,412.02                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02466                              76.92                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600746875                          09/01/2003                          $3,113.44                     09/01/2003
 $540,850.00                        06/30/2003                          $539,690.87                   REFINANCE
                                                                        5.625
 MI                                 SINGLE FAMILY                                                     STANDARD
 48130                              53.87                               PRIMARY RESIDENCE             N
                                                                        $2,014.80
 600747420                          10/01/2003                                                        10/01/2003
 $350,000.00                        08/13/2003                          $349,455.83                   REFINANCE
 PA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 19002                              64.81                                                             N
 600747504                          08/01/2003                          $2,611.83                     09/01/2003
                                                                        $458,482.58
 $460,000.00                        06/16/2003                                                        PURCHASE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 01581                              69.17                               PRIMARY RESIDENCE             N

 600747624                          10/01/2003                          $3,039.47                     09/01/2003
 $528,000.00                        08/11/2003                          $527,435.53                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STREAMLINE
 02140                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,396.07
 600748210                          08/01/2003                                                        09/01/2003
 $422,000.00                        06/13/2003                          $419,603.35                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60062                              57.41                                                             N
 600748243                          09/01/2003                          $2,432.15                     10/01/2003
                                                                        $421,594.52
 $422,500.00                        07/14/2003                                                        REFINANCE
 MN                                 SINGLE FAMILY                       5.625                         STANDARD
 55417                              70.42                               PRIMARY RESIDENCE             N

 600748526                          09/01/2003                          $2,384.72                     09/01/2003
 $420,000.00                        07/23/2003                          $419,078.45                   REFINANCE
                                                                        5.5
 MD                                 SINGLE FAMILY                                                     STANDARD
 21403                              55.26                               PRIMARY RESIDENCE             N
                                                                        $3,108.54
 600748592                          10/01/2003                                                        09/01/2003
 $540,000.00                        08/01/2003                          $539,422.71                   PURCHASE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 60062                              78.26                                                             N
 600748879                          09/01/2003                          $2,878.28                     09/01/2003
                                                                        $498,928.43
 $500,000.00                        07/16/2003                                                        REFINANCE
 CO                                 SINGLE FAMILY                       5.625                         STATED INCOME
 80246                              56.5                                PRIMARY RESIDENCE             N

 600748946                          09/01/2003                          $2,379.04                     09/01/2003
 $419,000.00                        07/07/2003                          $418,080.65                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 01581                              62.54                               PRIMARY RESIDENCE             N
                                                                        $2,293.87
 600749027                          08/01/2003                                                        10/01/2003
 $404,000.00                        07/02/2003                          $400,621.31                   REFINANCE
 MD                                 PUD                                 5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 20854                              46.71                                                             N
 600749283                          08/01/2003                          $2,417.76                     09/01/2003
                                                                        $418,646.65
 $420,000.00                        07/01/2003                                                        REFINANCE
 MI                                 SINGLE FAMILY                       5.625                         STANDARD
 48167                              72.16                               PRIMARY RESIDENCE             N

 600749293                          09/01/2003                          $2,518.50                     10/01/2003
 $437,500.00                        06/26/2003                          $436,261.90                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 91214                              76.75                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600749306                          09/01/2003                          $2,437.90                     10/01/2003
 $423,500.00                        07/23/2003                          $421,990.99                   REFINANCE
                                                                        5.625
 IN                                 PUD                                                               STANDARD
 46077                              74.3                                PRIMARY RESIDENCE             N
                                                                        $2,129.93
 600749309                          10/01/2003                                                        09/01/2003
 $370,000.00                        08/04/2003                          $369,604.45                   PURCHASE
 NY                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 10541                              74                                                                N
 600749645                          08/01/2003                          $2,354.43                     10/01/2003
                                                                        $407,682.12
 $409,000.00                        06/11/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02043                              59.19                               PRIMARY RESIDENCE             N

 600749782                          10/01/2003                          $3,063.76                     09/01/2003
 $525,000.00                        08/12/2003                          $524,451.87                   REFINANCE
                                                                        5.75
 VA                                 SINGLE FAMILY                                                     STREAMLINE
 20191                              77.78                               PRIMARY RESIDENCE             N
                                                                        $3,311.47
 600750006                          08/01/2003                                                        10/01/2003
 $575,250.00                        06/24/2003                          $573,396.38                   PURCHASE
 FL                                 CONDOMINIUM                         5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 32459                              75                                                                N
 600750514                          09/01/2003                          $2,878.69                     09/01/2003
                                                                        $505,887.58
 $507,000.00                        07/10/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02482                              65.84                               PRIMARY RESIDENCE             N

 600750761                          10/01/2003                          $2,532.89                     09/01/2003
 $440,000.00                        08/07/2003                          $439,529.61                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02026                              72.01                               PRIMARY RESIDENCE             N
                                                                        $2,258.43
 600750881                          08/01/2003                                                        10/01/2003
 $387,000.00                        06/25/2003                          $385,782.02                   REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 91007                              50.92                                                             N
 600750894                          09/01/2003                          $3,847.55                     10/01/2003
                                                                        $617,103.59
 $619,000.00                        08/01/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STREAMLINE
 02465                              30.95                               PRIMARY RESIDENCE             N

 600750958                          08/01/2003                          $2,642.49                     10/01/2003
 $465,400.00                        07/01/2003                          $463,864.76                   REFINANCE
                                                                        5.5
 MO                                 PUD                                                               STANDARD
 64113                              52.29                               PRIMARY RESIDENCE             N
                                                                        $2,531.20
 600751035                          09/01/2003                                                        10/01/2003
 $445,800.00                        06/30/2003                          $444,821.86                   REFINANCE
 VA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 22182                              57.52                                                             N
 600751046                          10/01/2003                          $2,374.01                     09/01/2003
                                                                        $411,959.12
 $412,400.00                        08/11/2003                                                        REFINANCE
 VT                                 SINGLE FAMILY                       5.625                         STANDARD
 05403                              79.88                               PRIMARY RESIDENCE             N

 600751761                          10/01/2003                          $2,458.05                     10/01/2003
 $427,000.00                        08/14/2003                          $426,543.51                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02421                              71.17                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600751805                          10/01/2003                          $3,860.97                     10/01/2003
 $680,000.00                        08/26/2003                          $679,255.70                   REFINANCE
                                                                        5.5
 RI                                 SINGLE FAMILY                                                     STANDARD
 02806                              48.57                               PRIMARY RESIDENCE             N
                                                                        $2,216.28
 600752081                          10/01/2003                                                        09/01/2003
 $385,000.00                        08/01/2003                          $384,588.41                   REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 60559                              66.15                                                             N
 600752291                          09/01/2003                          $2,680.26                     09/01/2003
                                                                        $464,602.15
 $465,600.00                        07/18/2003                                                        PURCHASE
 OH                                 SINGLE FAMILY                       5.625                         STANDARD
 43212                              80                                  PRIMARY RESIDENCE             N

 600752295                          11/01/2003                          $2,409.12                     10/01/2003
 $418,500.00                        09/11/2003                          $418,500.00                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01451                              76.65                               PRIMARY RESIDENCE             N
                                                                        $2,159.22
 600752323                          11/01/2003                                                        10/01/2003
 $370,000.00                        09/09/2003                          $370,000.00                   REFINANCE
 MA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 02186                              69.81                                                             N
 600752517                          10/01/2003                          $2,399.27                     10/01/2003
                                                                        $385,410.11
 $386,000.00                        08/14/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02066                              64.23                               PRIMARY RESIDENCE             N

 600752625                          09/01/2003                          $2,676.80                     09/01/2003
 $465,000.00                        08/01/2003                          $464,003.45                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02492                              49.47                               PRIMARY RESIDENCE             N
                                                                        $2,360.19
 600752733                          08/01/2003                                                        09/01/2003
 $410,000.00                        06/23/2003                          $408,678.89                   REFINANCE
 OH                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 43082                              64.57                                                             N
 600752892                          09/01/2003                          $3,338.81                     09/01/2003
                                                                        $578,756.97
 $580,000.00                        07/30/2003                                                        PURCHASE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 01742                              80                                  PRIMARY RESIDENCE             N

 600752903                          08/01/2003                          $2,359.16                     09/01/2003
 $415,500.00                        06/25/2003                          $414,129.39                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07871                              69.25                               PRIMARY RESIDENCE             N
                                                                        $3,501.44
 600753157                          10/01/2003                                                        09/01/2003
 $600,000.00                        09/04/2003                          $599,373.56                   REFINANCE
 MA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 02468                              60.91                                                             N
 600753450                          10/01/2003                          $2,245.06                     10/01/2003
                                                                        $389,583.07
 $390,000.00                        07/30/2003                                                        REFINANCE
 FL                                 SINGLE FAMILY                       5.625                         STANDARD
 33444                              60.94                               PRIMARY RESIDENCE             N

 600753619                          09/01/2003                          $2,509.63                     10/01/2003
 $442,000.00                        07/18/2003                          $441,030.19                   REFINANCE
                                                                        5.5
 CT                                 SINGLE FAMILY                                                     STANDARD
 06840                              38.43                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600754013                          08/01/2003                          $2,000.41                     10/01/2003
 $347,500.00                        06/10/2003                          $346,380.26                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02053                              54.72                               PRIMARY RESIDENCE             N
                                                                        $2,302.63
 600754197                          09/01/2003                                                        09/01/2003
 $400,000.00                        07/23/2003                          $399,142.74                   REFINANCE
 VA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 20132                              80                                                                N
 600754344                          09/01/2003                          $3,569.07                     09/01/2003
                                                                        $618,671.25
 $620,000.00                        07/01/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 90274                              68.89                               PRIMARY RESIDENCE             N

 600754527                          09/01/2003                          $2,271.16                     09/01/2003
 $400,000.00                        07/22/2003                          $399,122.34                   REFINANCE
                                                                        5.5
 RI                                 SINGLE FAMILY                                                     STANDARD
 02806                              57.14                               PRIMARY RESIDENCE             N
                                                                        $2,662.93
 600754538                          10/01/2003                                                        09/01/2003
 $469,000.00                        08/06/2003                          $468,486.65                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60025                              58.63                                                             N
 600754549                          09/01/2003                          $2,293.87                     09/01/2003
                                                                        $403,113.57
 $404,000.00                        07/28/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02492                              45.39                               PRIMARY RESIDENCE             N

 600754731                          08/01/2003                          $2,838.95                     09/01/2003
 $500,000.00                        06/25/2003                          $498,350.62                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 02493                              37.74                               PRIMARY RESIDENCE             N
                                                                        $3,406.73
 600754909                          09/01/2003                                                        09/01/2003
 $600,000.00                        07/03/2003                          $598,683.53                   REFINANCE
 MN                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 55331                              54.69                                                             N
 600755054                          09/01/2003                          $2,640.22                     09/01/2003
                                                                        $463,979.73
 $465,000.00                        07/25/2003                                                        PURCHASE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60302                              60.78                               PRIMARY RESIDENCE             N

 600755561                          10/01/2003                          $2,320.55                     10/01/2003
 $408,700.00                        08/06/2003                          $407,073.21                   REFINANCE
                                                                        5.5
 AZ                                 SINGLE FAMILY                                                     STANDARD
 85028                              55.99                               PRIMARY RESIDENCE             N
                                                                        $3,137.33
 600755769                          10/01/2003                                                        09/01/2003
 $545,000.00                        08/13/2003                          $544,417.36                   REFINANCE
 MD                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 20854                              78.99                                                             N
 600755794                          10/01/2003                          $2,095.39                     09/01/2003
                                                                        $363,610.86
 $364,000.00                        08/08/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
 60068                              79.13                               PRIMARY RESIDENCE             N

 600755829                          09/01/2003                          $3,223.68                     10/01/2003
 $560,000.00                        07/21/2003                          $557,007.48                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02465                              46.67                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600755861                          08/01/2003                          $2,897.43                     09/01/2003
 $510,300.00                        06/24/2003                          $508,616.63                   REFINANCE
                                                                        5.5
 UT                                 SINGLE FAMILY                                                     STREAMLINE
 84092                              56.7                                PRIMARY RESIDENCE             N
                                                                        $2,907.08
 600755970                          09/01/2003                                                        09/01/2003
 $512,000.00                        07/24/2003                          $510,876.61                   REFINANCE
 WI                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 53018                              39.38                                                             N
 600756157                          10/01/2003                          $2,140.56                     09/01/2003
                                                                        $376,587.36
 $377,000.00                        08/07/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
 90503                              74.95                               PRIMARY RESIDENCE             N

 600756561                          09/01/2003                          $3,122.84                     09/01/2003
 $550,000.00                        07/02/2003                          $548,592.31                   REFINANCE
                                                                        5.5
 OH                                 SINGLE FAMILY                                                     STANDARD
 43054                              63.95                               PRIMARY RESIDENCE             N
                                                                        $3,166.11
 600756620                          09/01/2003                                                        09/01/2003
 $550,000.00                        07/09/2003                          $548,821.28                   REFINANCE
 CT                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 06019                              55                                                                N
 600756780                          10/01/2003                          $2,446.54                     09/01/2003
                                                                        $424,545.65
 $425,000.00                        08/05/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
 60175                              79.44                               PRIMARY RESIDENCE             N

 600757016                          08/01/2003                          $2,043.58                     09/01/2003
 $355,000.00                        06/23/2003                          $353,856.10                   REFINANCE
                                                                        5.625
 AZ                                 PUD                                                               STANDARD
 85749                              67.62                               PRIMARY RESIDENCE             N
                                                                        $2,164.47
 600757021                          09/01/2003                                                        09/01/2003
 $376,000.00                        07/31/2003                          $374,308.89                   REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 60540                              79.83                                                             N
 600757304                          08/01/2003                          $3,122.84                     10/01/2003
                                                                        $547,882.27
 $550,000.00                        06/20/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
 90275                              50                                  PRIMARY RESIDENCE             N

 600757317                          10/01/2003                          $2,993.41                     09/01/2003
 $520,000.00                        08/06/2003                          $519,444.09                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02090                              65                                  PRIMARY RESIDENCE             N
                                                                        $2,482.71
 600757321                          10/01/2003                                                        09/01/2003
 $449,600.00                        08/26/2003                          $449,084.29                   REFINANCE
 CT                                 SINGLE FAMILY                       5.25                          STANDARD
                                                                        PRIMARY RESIDENCE
 06492                              71.14                                                             N
 600757449                          11/01/2003                          $4,376.80                     10/01/2003
                                                                        $750,000.00
 $750,000.00                        09/15/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.75                          STANDARD
 01930                              41.1                                PRIMARY RESIDENCE             N

 600757758                          09/01/2003                          $2,394.73                     09/01/2003
 $416,000.00                        07/01/2003                          $415,108.46                   REFINANCE
                                                                        5.625
 MN                                 SINGLE FAMILY                                                     STANDARD
 55419                              80                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600758049                          09/01/2003                          $3,690.63                     09/01/2003
 $650,000.00                        07/14/2003                          $648,573.82                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08202                              54.17                               SECOND HOME                   N
                                                                        $2,953.12
 600758238                          09/01/2003                                                        09/01/2003
 $513,000.00                        07/07/2003                          $511,900.57                   REFINANCE
 AZ                                 PUD                                 5.625                         STANDARD
                                                                        SECOND HOME
 85255                              43.85                                                             N
 600758542                          11/01/2003                          $2,256.58                     10/01/2003
                                                                        $392,000.00
 $392,000.00                        09/08/2003                                                        REFINANCE
 OH                                 SINGLE FAMILY                       5.625                         STANDARD
 45215                              67.59                               PRIMARY RESIDENCE             N

 600758736                          10/01/2003                          $3,775.80                     09/01/2003
 $665,000.00                        08/13/2003                          $664,272.12                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08551                              73.89                               PRIMARY RESIDENCE             N
                                                                        $2,384.71
 600758911                          08/01/2003                                                        09/01/2003
 $420,000.00                        06/24/2003                          $418,614.54                   PURCHASE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 08844                              65.63                                                             N
 600759466                          10/01/2003                          $2,999.17                     09/01/2003
                                                                        $520,443.02
 $521,000.00                        08/28/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02466                              65.13                               PRIMARY RESIDENCE             N

 600759497                          09/01/2003                          $2,912.82                     10/01/2003
 $506,000.00                        07/07/2003                          $504,915.58                   REFINANCE
                                                                        5.625
 CO                                 SINGLE FAMILY                                                     STANDARD
 81301                              73.12                               PRIMARY RESIDENCE             N
                                                                        $2,200.18
 600759906                          09/01/2003                                                        10/01/2003
 $387,500.00                        07/24/2003                          $386,649.78                   REFINANCE
 FL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 33133                              67.39                                                             N
 600760137                          10/01/2003                          $2,242.77                     09/01/2003
                                                                        $394,567.65
 $395,000.00                        08/12/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02043                              57.25                               PRIMARY RESIDENCE             N

 600760409                          09/01/2003                          $2,725.39                     10/01/2003
 $480,000.00                        07/14/2003                          $477,344.06                   REFINANCE
                                                                        5.5
 MA                                 CONDOMINIUM                                                       STANDARD
 01720                              73.85                               PRIMARY RESIDENCE             N
                                                                        $2,590.45
 600760816                          08/01/2003                                                        10/01/2003
 $450,000.00                        06/19/2003                          $448,550.00                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 08889                              78.95                                                             N
 600760892                          08/01/2003                          $2,084.52                     09/01/2003
                                                                        $356,075.81
 $357,200.00                        06/25/2003                                                        PURCHASE
 MD                                 SINGLE FAMILY                       5.75                          STANDARD
 20872                              95                                  PRIMARY RESIDENCE             N

 600761087                          09/01/2003                          $2,731.07                     09/01/2003
 $481,000.00                        07/29/2003                          $479,944.61                   REFINANCE
                                                                        5.5
 VA                                 PUD                                                               STANDARD
 20112                              74                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600761089                          09/01/2003                          $2,619.78                     11/01/2003
 $461,400.00                        07/09/2003                          $460,387.63                   REFINANCE
                                                                        5.5
 IN                                 SINGLE FAMILY                                                     STREAMLINE
 46783                              53.65                               PRIMARY RESIDENCE             N
                                                                        $2,066.61
 600761311                          09/01/2003                                                        09/01/2003
 $359,000.00                        07/22/2003                          $358,230.60                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 94044                              71.8                                                              N
 600761543                          10/01/2003                          $3,741.77                     10/01/2003
                                                                        $649,305.11
 $650,000.00                        08/29/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02468                              72.22                               PRIMARY RESIDENCE             N

 600761596                          10/01/2003                          $2,561.67                     09/01/2003
 $445,000.00                        08/11/2003                          $444,524.27                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02026                              26.97                               PRIMARY RESIDENCE             N
                                                                        $3,264.79
 600761798                          11/01/2003                                                        10/01/2003
 $575,000.00                        09/03/2003                          $575,000.00                   PURCHASE
 ME                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 04107                              73.72                                                             N
 600761836                          11/01/2003                          $2,250.82                     10/01/2003
                                                                        $391,000.00
 $391,000.00                        09/09/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 01824                              79.8                                PRIMARY RESIDENCE             N

 600761858                          08/01/2003                          $2,810.56                     09/01/2003
 $495,000.00                        06/26/2003                          $493,367.11                   REFINANCE
                                                                        5.5
 CT                                 SINGLE FAMILY                                                     STANDARD
 06870                              19.64                               PRIMARY RESIDENCE             N
                                                                        $3,327.30
 600762077                          10/01/2003                                                        09/01/2003
 $578,000.00                        08/08/2003                          $577,382.08                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02459                              69.64                                                             N
 600762253                          09/01/2003                          $2,021.33                     09/01/2003
                                                                        $355,218.89
 $356,000.00                        07/21/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60564                              63.01                               PRIMARY RESIDENCE             N

 600762272                          09/01/2003                          $2,521.38                     09/01/2003
 $438,000.00                        07/10/2003                          $437,061.30                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02339                              77.52                               PRIMARY RESIDENCE             N
                                                                        $2,417.76
 600762471                          09/01/2003                                                        10/01/2003
 $420,000.00                        07/21/2003                          $419,099.88                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02056                              70.59                                                             N
 600762475                          10/01/2003                          $2,291.11                     09/01/2003
                                                                        $397,574.52
 $398,000.00                        08/12/2003                                                        REFINANCE
 ME                                 SINGLE FAMILY                       5.625                         STREAMLINE
 03911                              66.33                               SECOND HOME                   N

 600763093                          08/01/2003                          $2,101.15                     10/01/2003
 $365,000.00                        06/12/2003                          $360,809.78                   PURCHASE
                                                                        5.625
 TX                                 SINGLE FAMILY                                                     STANDARD
 78746                              79.87                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600763208                          09/01/2003                          $3,366.99                     09/01/2003
 $593,000.00                        07/18/2003                          $591,698.88                   REFINANCE
                                                                        5.5
 CA                                 PUD                                                               STANDARD
 92672                              70.6                                PRIMARY RESIDENCE             N
                                                                        $2,550.21
 600763249                          09/01/2003                                                        10/01/2003
 $437,000.00                        07/28/2003                          $436,085.31                   REFINANCE
 FL                                 CONDOMINIUM                         5.75                          STATED INCOME
                                                                        SECOND HOME
 33480                              58.27                                                             N
 600763262                          09/01/2003                          $3,131.57                     10/01/2003
                                                                        $542,834.13
 $544,000.00                        07/31/2003                                                        REFINANCE
 MN                                 SINGLE FAMILY                       5.625                         STANDARD
 55364                              72.53                               PRIMARY RESIDENCE             N

 600763351                          09/01/2003                          $3,244.08                     10/01/2003
 $555,900.00                        07/25/2003                          $554,736.44                   REFINANCE
                                                                        5.75
 MI                                 SINGLE FAMILY                                                     STANDARD
 48105                              67.38                               PRIMARY RESIDENCE             N
                                                                        $1,970.23
 600763846                          09/01/2003                                                        09/01/2003
 $347,000.00                        07/17/2003                          $346,238.64                   REFINANCE
 AZ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 85259                              57.83                                                             N
 600763918                          09/01/2003                          $3,315.89                     09/01/2003
                                                                        $582,718.63
 $584,000.00                        07/22/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02081                              55.09                               PRIMARY RESIDENCE             N

 600763943                          10/01/2003                          $2,367.68                     09/01/2003
 $417,000.00                        08/26/2003                          $416,543.57                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 02493                              41.7                                PRIMARY RESIDENCE             N
                                                                        $3,050.98
 600764120                          10/01/2003                                                        10/01/2003
 $530,000.00                        08/29/2003                          $529,433.40                   REFINANCE
 IN                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 46123                              73.61                                                             N
 600764131                          10/01/2003                          $2,337.17                     09/01/2003
                                                                        $405,565.96
 $406,000.00                        08/27/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02332                              63.94                               PRIMARY RESIDENCE             N

 600764137                          11/01/2003                          $2,162.14                     10/01/2003
 $370,500.00                        09/16/2003                          $370,500.00                   REFINANCE
                                                                        5.75
 MA                                 SINGLE FAMILY                                                     STANDARD
 01460                              78                                  PRIMARY RESIDENCE             N
                                                                        $3,453.94
 600764175                          10/01/2003                                                        09/01/2003
 $600,000.00                        08/27/2003                          $599,358.56                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 02090                              64.52                                                             N
 600764204                          10/01/2003                          $1,945.72                     09/01/2003
                                                                        $337,638.66
 $338,000.00                        08/26/2003                                                        REFINANCE
 RI                                 SINGLE FAMILY                       5.625                         STANDARD
 02891                              61.45                               PRIMARY RESIDENCE             N

 600764217                          08/01/2003                          $3,085.52                     09/01/2003
 $536,000.00                        07/03/2003                          $534,179.86                   REFINANCE
                                                                        5.625
 MA                                 CONDOMINIUM                                                       STANDARD
 02118                              75.28                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600764323                          10/01/2003                          $2,749.97                     10/01/2003
 $498,000.00                        08/20/2003                          $496,631.17                   REFINANCE
                                                                        5.25
 MD                                 SINGLE FAMILY                                                     STANDARD
 20816                              69.17                               PRIMARY RESIDENCE             N
                                                                        $3,690.63
 600764396                          08/01/2003                                                        09/01/2003
 $650,000.00                        06/27/2003                          $647,855.82                   REFINANCE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 21037                              59.09                                                             N
 600764461                          09/01/2003                          $2,147.19                     10/01/2003
                                                                        $372,200.63
 $373,000.00                        07/16/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02467                              76.43                               PRIMARY RESIDENCE             N

 600764490                          10/01/2003                          $2,941.60                     10/01/2003
 $511,000.00                        09/05/2003                          $510,453.71                   REFINANCE
                                                                        5.625
 IL                                 SINGLE FAMILY                                                     STANDARD
 60126                              79.84                               PRIMARY RESIDENCE             N
                                                                        $2,878.29
 600764519                          09/01/2003                                                        10/01/2003
 $500,000.00                        07/14/2003                          $498,928.41                   REFINANCE
 SC                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 29440                              80                                                                N
 600764544                          08/01/2003                          $2,271.16                     09/01/2003
                                                                        $398,680.49
 $400,000.00                        07/09/2003                                                        PURCHASE
 MI                                 SINGLE FAMILY                       5.5                           STANDARD
 48309                              57.15                               PRIMARY RESIDENCE             N

 600764604                          11/01/2003                          $2,129.21                     10/01/2003
 $375,000.00                        09/05/2003                          $375,000.00                   REFINANCE
                                                                        5.5
 IL                                 SINGLE FAMILY                                                     STANDARD
 60126                              50                                  PRIMARY RESIDENCE             N
                                                                        $2,810.56
 600764958                          09/01/2003                                                        09/01/2003
 $495,000.00                        07/26/2003                          $493,913.90                   REFINANCE
 CT                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 06831                              58.58                                                             N
 600765760                          10/01/2003                          $3,094.45                     09/01/2003
                                                                        $544,403.47
 $545,000.00                        07/30/2003                                                        REFINANCE
 NC                                 SINGLE FAMILY                       5.5                           STANDARD
 27106                              58.6                                PRIMARY RESIDENCE             N

 600765817                          11/01/2003                          $2,188.40                     10/01/2003
 $375,000.00                        09/09/2003                          $375,000.00                   REFINANCE
                                                                        5.75
 MA                                 SINGLE FAMILY                                                     STANDARD
 02050                              71.7                                PRIMARY RESIDENCE             N
                                                                        $2,740.13
 600765911                          09/01/2003                                                        09/01/2003
 $476,000.00                        07/10/2003                          $474,979.85                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 08540                              61.42                                                             N
 600766060                          10/01/2003                          $2,843.74                     10/01/2003
                                                                        $493,471.89
 $494,000.00                        08/22/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
 02631                              68.61                               SECOND HOME                   N

 600766169                          09/01/2003                          $3,054.70                     09/01/2003
 $538,000.00                        07/02/2003                          $536,819.56                   REFINANCE
                                                                        5.5
 MI                                 SINGLE FAMILY                                                     STANDARD
 48116                              68.97                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600766672                          08/01/2003                          $2,440.32                     09/01/2003
 $423,920.00                        06/20/2003                          $422,554.04                   PURCHASE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 95110                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,117.85
 600766718                          09/01/2003                                                        09/01/2003
 $373,000.00                        07/14/2003                          $372,181.59                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60126                              55.26                                                             N
 600766801                          10/01/2003                          $3,673.59                     09/01/2003
                                                                        $646,291.83
 $647,000.00                        08/15/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60093                              49.77                               PRIMARY RESIDENCE             N

 600767018                          09/01/2003                          $2,751.64                     09/01/2003
 $478,000.00                        07/14/2003                          $476,975.58                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 92782                              61.28                               PRIMARY RESIDENCE             N
                                                                        $2,187.49
 600767044                          10/01/2003                                                        10/01/2003
 $380,000.00                        08/12/2003                          $379,281.25                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 91006                              63.33                                                             N
 600767243                          09/01/2003                          $2,624.99                     09/01/2003
                                                                        $455,022.73
 $456,000.00                        07/02/2003                                                        PURCHASE
 DE                                 PUD                                 5.625                         STANDARD
 19806                              80                                  PRIMARY RESIDENCE             N

 600767327                          10/01/2003                          $2,566.41                     09/01/2003
 $452,000.00                        08/19/2003                          $451,505.26                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STANDARD
 02043                              52.87                               PRIMARY RESIDENCE             N
                                                                        $2,055.09
 600767516                          09/01/2003                                                        09/01/2003
 $357,000.00                        07/29/2003                          $356,234.91                   PURCHASE
 VA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 22304                              78.12                                                             N
 600767549                          09/01/2003                          $2,417.76                     09/01/2003
                                                                        $419,099.88
 $420,000.00                        07/28/2003                                                        PURCHASE
 VA                                 SINGLE FAMILY                       5.625                         STANDARD
 22309                              80                                  PRIMARY RESIDENCE             N

 600767580                          09/01/2003                          $2,590.45                     10/01/2003
 $450,000.00                        07/17/2003                          $449,035.60                   PURCHASE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 02347                              79.93                               PRIMARY RESIDENCE             N
                                                                        $2,895.72
 600767611                          09/01/2003                                                        09/01/2003
 $510,000.00                        07/16/2003                          $508,881.00                   REFINANCE
 AZ                                 PUD                                 5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 85750                              40                                                                N
 600767950                          07/01/2003                          $2,133.38                     10/01/2003
                                                                        $369,004.05
 $370,600.00                        05/20/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 92009                              71.27                               PRIMARY RESIDENCE             N

 600768239                          07/01/2003                          $2,339.73                     09/01/2003
 $380,000.00                        05/08/2003                          $378,546.44                   REFINANCE
                                                                        6.25
 CA                                 SINGLE FAMILY                                                     STANDARD
 94523                              71.03                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600769174                          09/01/2003                          $2,216.28                     09/01/2003
 $385,000.00                        07/17/2003                          $384,174.13                   REFINANCE
                                                                        5.625
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08057                              66.38                               PRIMARY RESIDENCE             N
                                                                        $2,464.20
 600769379                          09/01/2003                                                        10/01/2003
 $434,000.00                        07/28/2003                          $433,047.76                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        SECOND HOME
 08202                              52.61                                                             N
 600770129                          10/01/2003                          $2,705.59                     09/01/2003
                                                                        $469,497.54
 $470,000.00                        08/05/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STREAMLINE
 02445                              52.22                               PRIMARY RESIDENCE             N

 600771263                          09/01/2003                          $2,653.78                     09/01/2003
 $461,000.00                        07/02/2003                          $460,012.01                   REFINANCE
                                                                        5.625
 KS                                 PUD                                                               STANDARD
 66213                              73.17                               PRIMARY RESIDENCE             N
                                                                        $3,406.73
 600771823                          09/01/2003                                                        10/01/2003
 $600,000.00                        07/30/2003                          $598,683.53                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 02465                              57.09                                                             N
 600772528                          09/01/2003                          $3,520.29                     09/01/2003
                                                                        $618,639.65
 $620,000.00                        07/22/2003                                                        REFINANCE
 AZ                                 PUD                                 5.5                           STANDARD
 85737                              56.36                               PRIMARY RESIDENCE             N

 600773070                          08/01/2003                          $3,537.33                     10/01/2003
 $623,000.00                        06/30/2003                          $619,783.83                   REFINANCE
                                                                        5.5
 CT                                 SINGLE FAMILY                                                     STANDARD
 06830                              33.68                               PRIMARY RESIDENCE             N
                                                                        $3,122.84
 600773279                          10/01/2003                                                        10/01/2003
 $550,000.00                        08/22/2003                          $549,397.99                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60625                              67.48                                                             N
 600773856                          10/01/2003                          $2,439.33                     09/01/2003
                                                                        $417,563.59
 $418,000.00                        08/14/2003                                                        REFINANCE
 SC                                 PUD                                 5.75                          STANDARD
 29672                              83.1                                PRIMARY RESIDENCE             N

 600774481                          10/01/2003                          $2,115.54                     10/01/2003
 $367,500.00                        08/22/2003                          $367,107.12                   PURCHASE
                                                                        5.625
 AZ                                 PUD                                                               STANDARD
 86336                              78.61                               SECOND HOME                   N
                                                                        $2,532.89
 600774582                          09/01/2003                                                        10/01/2003
 $440,000.00                        07/03/2003                          $439,057.02                   REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92008                              74.58                                                             N
 600774887                          09/01/2003                          $2,371.71                     10/01/2003
                                                                        $411,117.02
 $412,000.00                        07/29/2003                                                        PURCHASE
 CO                                 SINGLE FAMILY                       5.625                         STANDARD
 80118                              80                                  PRIMARY RESIDENCE             N

 600775314                          09/01/2003                          $2,446.54                     10/01/2003
 $425,000.00                        07/09/2003                          $424,089.17                   REFINANCE
                                                                        5.625
 IL                                 SINGLE FAMILY                                                     STANDARD
 60093                              77.27                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600775442                          08/01/2003                          $3,885.69                     09/01/2003
 $675,000.00                        06/25/2003                          $672,824.95                   REFINANCE
                                                                        5.625
 NY                                 SINGLE FAMILY                                                     STANDARD
 10507                              48.21                               PRIMARY RESIDENCE             N
                                                                        $3,091.51
 600775466                          09/01/2003                                                        09/01/2003
 $537,040.00                        07/16/2003                          $535,889.04                   PURCHASE
 NV                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 89052                              80                                                                N
 600775762                          10/01/2003                          $2,774.66                     09/01/2003
                                                                        $481,484.72
 $482,000.00                        08/15/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
 60618                              79.67                               PRIMARY RESIDENCE             N

 600775854                          09/01/2003                          $2,201.02                     09/01/2003
 $382,350.00                        07/25/2003                          $381,530.58                   REFINANCE
                                                                        5.625
 SC                                 SINGLE FAMILY                                                     STANDARD
 29223                              79.99                               PRIMARY RESIDENCE             N
                                                                        $2,020.55
 600776729                          08/01/2003                                                        09/01/2003
 $351,000.00                        06/27/2003                          $349,869.00                   PURCHASE
 CT                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 06798                              90                                                                N
 600778198                          09/01/2003                          $2,430.14                     09/01/2003
                                                                        $427,060.91
 $428,000.00                        07/18/2003                                                        REFINANCE
 SC                                 SINGLE FAMILY                       5.5                           STREAMLINE
 29576                              57.84                               PRIMARY RESIDENCE             N

 600778564                          08/01/2003                          $2,133.18                     09/01/2003
 $375,700.00                        07/03/2003                          $374,460.67                   REFINANCE
                                                                        5.5
 IL                                 SINGLE FAMILY                                                     STANDARD
 60015                              68.31                               PRIMARY RESIDENCE             N
                                                                        $1,970.23
 600778709                          11/01/2003                                                        10/01/2003
 $347,000.00                        09/15/2003                          $347,000.00                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 02541                              56.89                                                             N
 600778800                          08/01/2003                          $2,857.13                     09/01/2003
                                                                        $494,725.71
 $496,325.00                        06/30/2003                                                        REFINANCE
 CO                                 CONDOMINIUM                         5.625                         STANDARD
 81615                              76.36                               SECOND HOME                   N

 600780223                          08/01/2003                          $551.57                       09/01/2003
 $98,500.00                         07/01/2003                          $98,167.40                    REFINANCE
                                                                        5.375
 CO                                 SINGLE FAMILY                                                     STATED INCOME
 80031                              47.58                               PRIMARY RESIDENCE             N
                                                                        $2,158.71
 600782146                          08/01/2003                                                        10/01/2003
 $375,000.00                        06/30/2003                          $373,791.66                   REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 01507                              72.82                                                             N
 600782680                          09/01/2003                          $2,555.91                     09/01/2003
                                                                        $443,048.25
 $444,000.00                        07/23/2003                                                        REFINANCE
 MD                                 SINGLE FAMILY                       5.625                         STANDARD
 21108                              75.25                               PRIMARY RESIDENCE             N

 600783321                          08/01/2003                          $2,671.05                     10/01/2003
 $464,000.00                        06/25/2003                          $462,504.86                   REFINANCE
                                                                        5.625
 MD                                 SINGLE FAMILY                                                     STANDARD
 21029                              69.25                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600783363                          09/01/2003                          $2,002.71                     10/01/2003
 $347,900.00                        07/25/2003                          $347,154.40                   REFINANCE
                                                                        5.625
 MI                                 SINGLE FAMILY                                                     STANDARD
 48116                              72.48                               PRIMARY RESIDENCE             N
                                                                        $2,838.95
 600783470                          10/01/2003                                                        10/01/2003
 $500,000.00                        08/15/2003                          $499,452.72                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 02043                              52.52                                                             N
 600783974                          10/01/2003                          $3,022.20                     10/01/2003
                                                                        $524,438.74
 $525,000.00                        08/14/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.625                         STREAMLINE
 02460                              68.18                               PRIMARY RESIDENCE             N

 600784393                          10/01/2003                          $2,496.29                     09/01/2003
 $422,000.00                        09/02/2003                          $421,569.75                   REFINANCE
                                                                        5.875
 MA                                 SINGLE FAMILY                                                     STANDARD
 01609                              71.53                               PRIMARY RESIDENCE             N
                                                                        $2,248.44
 600784546                          09/01/2003                                                        10/01/2003
 $396,000.00                        07/10/2003                          $395,018.20                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 08055                              39.6                                                              N
 600784561                          07/01/2003                          $2,296.88                     09/01/2003
                                                                        $397,281.72
 $399,000.00                        05/29/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 08840                              58.25                               PRIMARY RESIDENCE             N

 600784624                          10/01/2003                          $1,981.70                     10/01/2003
 $344,250.00                        08/22/2003                          $343,881.97                   PURCHASE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01752                              90                                  PRIMARY RESIDENCE             N
                                                                        $2,003.28
 600784649                          09/01/2003                                                        10/01/2003
 $348,000.00                        07/18/2003                          $347,254.20                   PURCHASE
 CO                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 81612                              80                                                                N
 600785036                          09/01/2003                          $2,611.83                     09/01/2003
                                                                        $458,990.70
 $460,000.00                        07/25/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
 08053                              57.5                                PRIMARY RESIDENCE             N

 600785168                          10/01/2003                          $2,302.63                     09/01/2003
 $400,000.00                        08/04/2003                          $399,572.37                   REFINANCE
                                                                        5.625
 NH                                 SINGLE FAMILY                                                     STANDARD
 03824                              65.57                               PRIMARY RESIDENCE             N
                                                                        $2,044.04
 600785796                          10/01/2003                                                        10/01/2003
 $360,000.00                        08/13/2003                          $359,605.96                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60614                              37.38                                                             N
 600786216                          09/01/2003                          $2,452.85                     09/01/2003
                                                                        $431,052.13
 $432,000.00                        07/31/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
 02482                              59.1                                PRIMARY RESIDENCE             N

 600786634                          09/01/2003                          $2,227.21                     10/01/2003
 $381,650.00                        07/31/2003                          $380,851.15                   PURCHASE
                                                                        5.75
 OH                                 SINGLE FAMILY                                                     STANDARD
 43221                              85                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600786823                          09/01/2003                          $2,619.24                     10/01/2003
 $455,000.00                        07/29/2003                          $454,024.86                   REFINANCE
                                                                        5.625
 MN                                 SINGLE FAMILY                                                     STANDARD
 55102                              44.17                               PRIMARY RESIDENCE             N
                                                                        $2,657.25
 600786853                          11/01/2003                                                        10/01/2003
 $468,000.00                        09/05/2003                          $468,000.00                   REFINANCE
 MA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 02492                              47.27                                                             N
 600786878                          08/01/2003                          $3,139.87                     10/01/2003
                                                                        $551,175.80
 $553,000.00                        06/27/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
 08836                              73.73                               PRIMARY RESIDENCE             N

 600787820                          10/01/2003                          $2,307.00                     09/01/2003
 $390,000.00                        08/18/2003                          $389,602.38                   REFINANCE
                                                                        5.875
 MI                                 SINGLE FAMILY                                                     STANDARD
 48418                              88.64                               PRIMARY RESIDENCE             N
                                                                        $2,832.23
 600787852                          11/01/2003                                                        10/01/2003
 $492,000.00                        09/04/2003                          $492,000.00                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 94602                              80                                                                N
 600788589                          09/01/2003                          $2,302.63                     09/01/2003
                                                                        $399,142.74
 $400,000.00                        07/25/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 08057                              64.52                               PRIMARY RESIDENCE             N

 600788711                          10/01/2003                          $3,690.63                     09/01/2003
 $650,000.00                        08/13/2003                          $649,288.54                   REFINANCE
                                                                        5.5
 MN                                 SINGLE FAMILY                                                     STANDARD
 55422                              56.52                               PRIMARY RESIDENCE             N
                                                                        $3,736.01
 600788734                          10/01/2003                                                        10/01/2003
 $649,000.00                        08/13/2003                          $648,306.18                   PURCHASE
 MA                                 SINGLE FAMILY                       5.625                         STATED INCOME
                                                                        PRIMARY RESIDENCE
 02186                              62.4                                                              N
 600789375                          10/01/2003                          $3,019.99                     09/01/2003
                                                                        $516,959.70
 $517,500.00                        08/18/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
 90731                              69                                  PRIMARY RESIDENCE             N

 600789416                          07/01/2003                          $2,428.12                     09/01/2003
 $421,800.00                        05/22/2003                          $419,983.55                   PURCHASE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 95066                              95                                  PRIMARY RESIDENCE             N
                                                                        $2,305.11
 600789419                          06/01/2003                                                        10/01/2003
 $395,000.00                        04/29/2003                          $392,918.14                   PURCHASE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 95076                              58.09                                                             N
 600789672                          11/01/2003                          $2,980.89                     10/01/2003
                                                                        $525,000.00
 $525,000.00                        08/26/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60640                              57.69                               PRIMARY RESIDENCE             N

 600790338                          07/01/2003                          $2,265.78                     10/01/2003
 $393,600.00                        05/12/2003                          $391,433.91                   PURCHASE
                                                                        5.625
 WA                                 SINGLE FAMILY                                                     STANDARD
 98110                              80                                  SECOND HOME                   N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600790609                          08/01/2003                          $3,350.32                     09/01/2003
 $582,000.00                        06/01/2003                          $579,119.97                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 91607                              52.91                               PRIMARY RESIDENCE             N
                                                                        $2,076.05
 600791290                          09/01/2003                                                        10/01/2003
 $330,000.00                        07/30/2003                          $329,008.03                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 08033                              67.21                                                             N
 600792117                          10/01/2003                          $4,436.53                     09/01/2003
                                                                        $749,235.35
 $750,000.00                        08/26/2003                                                        PURCHASE
 MA                                 SINGLE FAMILY                       5.875                         STANDARD
 01945                              68.81                               PRIMARY RESIDENCE             N

 600792702                          10/01/2003                          $2,475.32                     09/01/2003
 $430,000.00                        08/08/2003                          $429,540.31                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01776                              54.64                               PRIMARY RESIDENCE             N
                                                                        $2,268.09
 600792948                          08/01/2003                                                        09/01/2003
 $394,000.00                        06/05/2003                          $392,730.43                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 94022                              42.37                                                             N
 600793455                          09/01/2003                          $2,555.05                     09/01/2003
                                                                        $449,012.64
 $450,000.00                        07/24/2003                                                        REFINANCE
 MD                                 SINGLE FAMILY                       5.5                           STANDARD
 21032                              38.96                               PRIMARY RESIDENCE             N

 600793809                          10/01/2003                          $2,462.68                     10/01/2003
 $422,000.00                        08/06/2003                          $421,559.40                   REFINANCE
                                                                        5.75
 IL                                 PUD                                                               STANDARD
 60563                              61.16                               PRIMARY RESIDENCE             N
                                                                        $2,555.91
 600794292                          10/01/2003                                                        09/01/2003
 $444,000.00                        08/18/2003                          $443,525.34                   REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 60516                              66.27                                                             N
 600795023                          08/01/2003                          $1,975.91                     10/01/2003
                                                                        $346,852.02
 $348,000.00                        06/20/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
 92627                              65.66                               PRIMARY RESIDENCE             N

 600795897                          10/01/2003                          $3,384.72                     09/01/2003
 $580,000.00                        08/25/2003                          $579,394.45                   REFINANCE
                                                                        5.75
 NJ                                 CONDOMINIUM                                                       STANDARD
 08226                              55.24                               SECOND HOME                   N
                                                                        $3,170.64
 600796487                          10/01/2003                                                        10/01/2003
 $536,000.00                        09/05/2003                          $535,453.53                   PURCHASE
 MA                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 01748                              80                                                                N
 600796659                          08/01/2003                          $2,532.89                     09/01/2003
                                                                        $438,582.21
 $440,000.00                        06/04/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 95829                              73.33                               PRIMARY RESIDENCE             N

 600796669                          08/01/2003                          $2,189.57                     09/01/2003
 $375,200.00                        06/03/2003                          $373,616.27                   PURCHASE
                                                                        5.75
 CA                                 SINGLE FAMILY                                                     STANDARD
 94536                              80                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600798108                          09/01/2003                          $266.19                       10/01/2003
 $45,000.00                         07/21/2003                          $44,908.02                    REFINANCE
                                                                        5.875
 OH                                 SINGLE FAMILY                                                     STATED INCOME
 44146                              45                                  PRIMARY RESIDENCE             N
                                                                        $2,115.45
 600798685                          10/01/2003                                                        09/01/2003
 $362,500.00                        08/29/2003                          $362,121.53                   REFINANCE
 IL                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 60175                              46.77                                                             N
 600798844                          09/01/2003                          $3,151.23                     09/01/2003
                                                                        $553,782.26
 $555,000.00                        07/24/2003                                                        REFINANCE
 CO                                 SINGLE FAMILY                       5.5                           STANDARD
 80129                              74                                  PRIMARY RESIDENCE             N

 600799237                          10/01/2003                          $2,986.14                     10/01/2003
 $511,699.00                        08/06/2003                          $511,164.75                   PURCHASE
                                                                        5.75
 VA                                 SINGLE FAMILY                                                     STANDARD
 22033                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,308.38
 600799883                          08/01/2003                                                        10/01/2003
 $401,000.00                        06/09/2003                          $399,707.89                   REFINANCE
 NM                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 87111                              74.95                                                             N
 600799890                          08/01/2003                          $2,935.27                     09/01/2003
                                                                        $506,614.87
 $509,900.00                        06/04/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 94566                              58.61                               PRIMARY RESIDENCE             N

 600801523                          08/01/2003                          $2,694.07                     09/01/2003
 $468,000.00                        06/04/2003                          $466,491.99                   REFINANCE
                                                                        5.625
 AZ                                 PUD                                                               STANDARD
 85718                              54.74                               PRIMARY RESIDENCE             N
                                                                        $2,201.31
 600801529                          09/01/2003                                                        10/01/2003
 $382,400.00                        07/25/2003                          $381,580.46                   PURCHASE
 FL                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 34990                              80                                                                N
 600801859                          09/01/2003                          $2,070.38                     10/01/2003
                                                                        $349,284.57
 $350,000.00                        07/17/2003                                                        PURCHASE
 MA                                 SINGLE FAMILY                       5.875                         STANDARD
 02324                              87.5                                PRIMARY RESIDENCE             N

 600802027                          10/01/2003                          $3,250.50                     10/01/2003
 $557,000.00                        08/15/2003                          $556,418.46                   REFINANCE
                                                                        5.75
 VA                                 SINGLE FAMILY                                                     STANDARD
 22066                              48.43                               PRIMARY RESIDENCE             N
                                                                        $2,734.37
 600802881                          09/01/2003                                                        09/01/2003
 $475,000.00                        07/11/2003                          $473,982.00                   REFINANCE
 CA                                 CONDOMINIUM                         5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 90404                              67.86                                                             N
 600802924                          10/01/2003                          $2,421.83                     09/01/2003
                                                                        $414,566.71
 $415,000.00                        08/29/2003                                                        REFINANCE
 MD                                 SINGLE FAMILY                       5.75                          STANDARD
 21914                              74.11                               PRIMARY RESIDENCE             N

 600803465                          08/01/2003                          $2,573.18                     10/01/2003
 $447,000.00                        06/18/2003                          $439,135.14                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92649                              61.66                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600804167                          10/01/2003                          $2,931.24                     09/01/2003
 $509,200.00                        08/28/2003                          $508,655.64                   PURCHASE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01770                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,531.78
 600805241                          10/01/2003                                                        09/01/2003
 $428,000.00                        08/12/2003                          $427,563.64                   REFINANCE
 VA                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 20169                              80                                                                N
 600805282                          09/01/2003                          $3,546.04                     09/01/2003
                                                                        $614,679.83
 $616,000.00                        07/25/2003                                                        PURCHASE
 MD                                 SINGLE FAMILY                       5.625                         STANDARD
 20895                              80                                  PRIMARY RESIDENCE             N

 600806261                          11/01/2003                          $3,636.83                     10/01/2003
 $623,200.00                        09/12/2003                          $623,200.00                   PURCHASE
                                                                        5.75
 IL                                 PUD                                                               STANDARD
 60010                              80                                  PRIMARY RESIDENCE             N
                                                                        $4,141.53
 600807593                          10/01/2003                                                        10/01/2003
 $750,000.00                        08/26/2003                          $748,639.72                   PURCHASE
 CT                                 PUD                                 5.25                          STANDARD
                                                                        PRIMARY RESIDENCE
 06032                              66.52                                                             N
 600807770                          10/01/2003                          $2,519.95                     09/01/2003
                                                                        $425,565.68
 $426,000.00                        08/25/2003                                                        REFINANCE
 MA                                 SINGLE FAMILY                       5.875                         STANDARD
 02127                              78.89                               PRIMARY RESIDENCE             N

 600808939                          10/01/2003                          $3,221.32                     10/01/2003
 $552,000.00                        08/14/2003                          $551,423.68                   REFINANCE
                                                                        5.75
 PA                                 SINGLE FAMILY                                                     STANDARD
 18901                              69                                  PRIMARY RESIDENCE             N
                                                                        $2,078.12
 600809275                          08/01/2003                                                        09/01/2003
 $361,000.00                        06/17/2003                          $359,836.77                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 94553                              68.76                                                             N
 600810479                          08/01/2003                          $2,158.71                     09/01/2003
                                                                        $373,791.66
 $375,000.00                        06/25/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STANDARD
 60091                              33.04                               PRIMARY RESIDENCE             N

 600810485                          09/01/2003                          $2,413.10                     09/01/2003
 $425,000.00                        07/03/2003                          $424,067.50                   REFINANCE
                                                                        5.5
 NC                                 SINGLE FAMILY                                                     STANDARD
 28205                              44.74                               PRIMARY RESIDENCE             N
                                                                        $2,054.18
 600810491                          08/01/2003                                                        10/01/2003
 $352,000.00                        06/26/2003                          $350,320.44                   PURCHASE
 NV                                 PUD                                 5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 89110                              80                                                                N
 600811273                          08/01/2003                          $2,222.03                     09/01/2003
                                                                        $384,756.23
 $386,000.00                        06/20/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 92024                              74.95                               PRIMARY RESIDENCE             N

 600811508                          09/01/2003                          $2,838.95                     09/01/2003
 $500,000.00                        07/15/2003                          $498,902.93                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07417                              51.28                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600811793                          10/01/2003                          $5,776.37                     10/01/2003
 $976,500.00                        08/19/2003                          $975,504.41                   PURCHASE
                                                                        5.875
 CT                                 SINGLE FAMILY                                                     STANDARD
 06880                              70                                  PRIMARY RESIDENCE             N
                                                                        $2,271.16
 600812183                          08/01/2003                                                        10/01/2003
 $400,000.00                        06/26/2003                          $396,274.99                   REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 60523                              65.04                                                             N
 600812184                          08/01/2003                          $2,498.27                     09/01/2003
                                                                        $438,548.56
 $440,000.00                        06/27/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.5                           STANDARD
 60137                              67.69                               PRIMARY RESIDENCE             N

 600812199                          08/01/2003                          $2,878.28                     09/01/2003
 $500,000.00                        06/13/2003                          $498,388.88                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 94901                              78.13                               PRIMARY RESIDENCE             N
                                                                        $1,957.53
 600812621                          09/01/2003                                                        09/01/2003
 $326,500.00                        07/11/2003                          $325,848.31                   REFINANCE
 CA                                 CONDOMINIUM                         6                             STANDARD
                                                                        PRIMARY RESIDENCE
 93030                              75.93                                                             N
 600813258                          10/01/2003                          $2,271.51                     09/01/2003
                                                                        $383,608.49
 $384,000.00                        08/13/2003                                                        PURCHASE
 NY                                 SINGLE FAMILY                       5.875                         STANDARD
 11803                              80                                  PRIMARY RESIDENCE             N

 600813958                          10/01/2003                          $2,239.88                     09/01/2003
 $400,000.00                        08/04/2003                          $399,551.79                   REFINANCE
                                                                        5.375
 PA                                 PUD                                                               STANDARD
 19460                              62.5                                PRIMARY RESIDENCE             N
                                                                        $2,371.22
 600815714                          05/01/2003                                                        09/01/2003
 $395,500.00                        03/28/2003                          $393,107.95                   REFINANCE
 MD                                 SINGLE FAMILY                       6                             STANDARD
                                                                        PRIMARY RESIDENCE
 20854                              40.36                                                             N
 600815718                          08/01/2003                          $2,384.71                     09/01/2003
                                                                        $418,333.25
 $420,000.00                        06/18/2003                                                        REFINANCE
 VA                                 SINGLE FAMILY                       5.5                           STANDARD
 22033                              54.19                               PRIMARY RESIDENCE             N

 600815719                          08/01/2003                          $2,129.21                     10/01/2003
 $375,000.00                        06/19/2003                          $373,729.65                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07920                              48.39                               PRIMARY RESIDENCE             N
                                                                        $2,348.68
 600816814                          10/01/2003                                                        10/01/2003
 $408,000.00                        08/28/2003                          $407,563.82                   REFINANCE
 NH                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 03782                              73.51                                                             N
 600816890                          10/01/2003                          $2,843.17                     10/01/2003
                                                                        $486,691.33
 $487,200.00                        09/04/2003                                                        PURCHASE
 MA                                 SINGLE FAMILY                       5.75                          STANDARD
 01742                              80                                  PRIMARY RESIDENCE             N

 600817993                          09/01/2003                          $2,878.28                     09/01/2003
 $500,000.00                        08/01/2003                          $498,928.43                   PURCHASE
                                                                        5.625
 PA                                 PUD                                                               STATED INCOME
 19355                              69.06                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600818315                          08/01/2003                          $2,007.49                     09/01/2003
 $344,000.00                        06/04/2003                          $342,917.35                   REFINANCE
                                                                        5.75
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07110                              78.18                               PRIMARY RESIDENCE             N
                                                                        $2,963.86
 600818389                          08/01/2003                                                        10/01/2003
 $522,000.00                        06/30/2003                          $520,278.05                   REFINANCE
 MN                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 55902                              39.1                                                              N
 600818392                          09/01/2003                          $3,002.05                     09/01/2003
                                                                        $520,382.35
 $521,500.00                        07/08/2003                                                        REFINANCE
 AZ                                 SINGLE FAMILY                       5.625                         STANDARD
 85750                              75.8                                PRIMARY RESIDENCE             N

 600818401                          09/01/2003                          $2,057.40                     09/01/2003
 $357,400.00                        07/08/2003                          $356,634.03                   REFINANCE
                                                                        5.625
 MI                                 SINGLE FAMILY                                                     STANDARD
 48301                              49.3                                PRIMARY RESIDENCE             N
                                                                        $2,216.28
 600818404                          08/01/2003                                                        10/01/2003
 $385,000.00                        06/21/2003                          $383,759.43                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 94583                              64.17                                                             N
 600818405                          08/01/2003                          $2,020.55                     09/01/2003
                                                                        $349,869.00
 $351,000.00                        06/26/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 92626                              79.77                               PRIMARY RESIDENCE             N

 600819346                          08/01/2003                          $2,047.88                     09/01/2003
 $332,600.00                        06/09/2003                          $331,648.30                   REFINANCE
                                                                        6.25
 OR                                 SINGLE FAMILY                                                     STANDARD
 97701                              61.82                               PRIMARY RESIDENCE             N
                                                                        $3,232.52
 600819819                          10/01/2003                                                        10/01/2003
 $525,000.00                        08/13/2003                          $524,501.85                   PURCHASE
 NY                                 SINGLE FAMILY                       6.25                          STANDARD
                                                                        PRIMARY RESIDENCE
 11518                              76.64                                                             N
 600819972                          09/01/2003                          $2,129.21                     09/01/2003
                                                                        $374,177.20
 $375,000.00                        07/09/2003                                                        REFINANCE
 KY                                 SINGLE FAMILY                       5.5                           STANDARD
 40245                              48.7                                PRIMARY RESIDENCE             N

 600819973                          09/01/2003                          $2,134.89                     10/01/2003
 $376,000.00                        07/07/2003                          $373,571.33                   REFINANCE
                                                                        5.5
 MN                                 SINGLE FAMILY                                                     STANDARD
 55347                              47.66                               PRIMARY RESIDENCE             N
                                                                        $2,128.78
 600819974                          09/01/2003                                                        09/01/2003
 $369,800.00                        07/07/2003                          $369,007.46                   REFINANCE
 TX                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 75062                              71.25                                                             N
 600819975                          09/01/2003                          $1,980.26                     10/01/2003
                                                                        $343,262.75
 $344,000.00                        07/09/2003                                                        REFINANCE
 TN                                 SINGLE FAMILY                       5.625                         STANDARD
 37215                              69.49                               PRIMARY RESIDENCE             N

 600819978                          08/01/2003                          $2,222.89                     09/01/2003
 $391,500.00                        07/03/2003                          $390,208.56                   REFINANCE
                                                                        5.5
 CO                                 SINGLE FAMILY                                                     STANDARD
 80027                              68.68                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600819983                          09/01/2003                          $2,717.10                     09/01/2003
 $472,000.00                        07/01/2003                          $470,988.43                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 91320                              62.68                               PRIMARY RESIDENCE             N
                                                                        $2,044.04
 600820651                          09/01/2003                                                        09/01/2003
 $360,000.00                        07/03/2003                          $359,209.35                   REFINANCE
 AZ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 85018                              52.55                                                             N
 600821449                          09/01/2003                          $3,166.11                     09/01/2003
                                                                        $548,821.28
 $550,000.00                        07/11/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 90272                              50.78                               PRIMARY RESIDENCE             N

 600823156                          09/01/2003                          $2,285.36                     09/01/2003
 $397,000.00                        07/01/2003                          $396,149.17                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92127                              63.02                               PRIMARY RESIDENCE             N
                                                                        $2,288.81
 600823600                          10/01/2003                                                        10/01/2003
 $386,924.00                        08/19/2003                          $386,529.51                   PURCHASE
 MD                                 PUD                                 5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 20720                              80                                                                N
 600824930                          10/01/2003                          $2,933.44                     10/01/2003
                                                                        $495,394.40
 $495,900.00                        08/29/2003                                                        PURCHASE
 CT                                 SINGLE FAMILY                       5.875                         STANDARD
 06089                              80                                  PRIMARY RESIDENCE             N

 600830553                          09/01/2003                          $2,043.58                     09/01/2003
 $355,000.00                        07/24/2003                          $354,239.18                   REFINANCE
                                                                        5.625
 NC                                 SINGLE FAMILY                                                     STANDARD
 28211                              67.23                               PRIMARY RESIDENCE             N
                                                                        $2,532.89
 600830554                          09/01/2003                                                        09/01/2003
 $440,000.00                        07/24/2003                          $439,028.50                   PURCHASE
 NM                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 87122                              71.08                                                             N
 600830556                          09/01/2003                          $2,774.66                     10/01/2003
                                                                        $480,967.02
 $482,000.00                        07/11/2003                                                        REFINANCE
 NV                                 PUD                                 5.625                         STANDARD
 89511                              68.37                               PRIMARY RESIDENCE             N

 600833211                          09/01/2003                          $3,338.81                     09/01/2003
 $580,000.00                        07/17/2003                          $578,756.97                   REFINANCE
                                                                        5.625
 IL                                 PUD                                                               STANDARD
 60061                              74.84                               PRIMARY RESIDENCE             N
                                                                        $2,302.63
 600833214                          09/01/2003                                                        09/01/2003
 $400,000.00                        07/23/2003                          $399,142.74                   PURCHASE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 90505                              80                                                                N
 600833215                          09/01/2003                          $3,539.17                     10/01/2003
                                                                        $648,470.48
 $650,000.00                        07/23/2003                                                        REFINANCE
 NM                                 SINGLE FAMILY                       5.125                         STANDARD
 87107                              72.22                               PRIMARY RESIDENCE             N

 600833217                          09/01/2003                          $2,168.95                     09/01/2003
 $382,000.00                        07/11/2003                          $381,161.85                   REFINANCE
                                                                        5.5
 CA                                 PUD                                                               STANDARD
 92009                              74.9                                PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600833219                          09/01/2003                          $2,463.81                     09/01/2003
 $428,000.00                        07/17/2003                          $427,082.74                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 95133                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,532.89
 600833221                          09/01/2003                                                        10/01/2003
 $440,000.00                        07/14/2003                          $439,057.02                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 94568                              79.28                                                             N
 600833225                          09/01/2003                          $2,550.16                     09/01/2003
                                                                        $442,050.58
 $443,000.00                        07/17/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 94087                              45.44                               PRIMARY RESIDENCE             N

 600833228                          09/01/2003                          $2,589.12                     09/01/2003
 $456,000.00                        07/19/2003                          $454,999.47                   PURCHASE
                                                                        5.5
 CA                                 PUD                                                               STANDARD
 92064                              70.15                               PRIMARY RESIDENCE             N
                                                                        $3,102.97
 600833229                          09/01/2003                                                        09/01/2003
 $546,500.00                        07/21/2003                          $545,300.90                   REFINANCE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 93012                              78.07                                                             N
 600833230                          09/01/2003                          $2,049.34                     09/01/2003
                                                                        $352,575.68
 $356,000.00                        07/23/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 91320                              75.74                               PRIMARY RESIDENCE             N

 600833231                          09/01/2003                          $2,498.27                     10/01/2003
 $440,000.00                        07/23/2003                          $439,034.59                   PURCHASE
                                                                        5.5
 CA                                 SINGLE FAMILY                                                     STANDARD
 91786                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,441.49
 600834433                          09/01/2003                                                        10/01/2003
 $430,000.00                        07/30/2003                          $429,056.53                   PURCHASE
 FL                                 PUD                                 5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 32779                              38.91                                                             N
 600834435                          08/01/2003                          $2,250.82                     09/01/2003
                                                                        $389,740.08
 $391,000.00                        06/12/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 95148                              56.02                               PRIMARY RESIDENCE             N

 600834442                          09/01/2003                          $2,994.68                     10/01/2003
 $550,000.00                        07/21/2003                          $548,705.80                   PURCHASE
                                                                        5.125
 NJ                                 SINGLE FAMILY                                                     STANDARD
 08889                              79.14                               PRIMARY RESIDENCE             N
                                                                        $2,503.53
 600834443                          09/01/2003                                                        09/01/2003
 $429,000.00                        07/14/2003                          $428,102.05                   REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 94401                              66                                                                N
 600834445                          09/01/2003                          $2,935.85                     09/01/2003
                                                                        $508,907.00
 $510,000.00                        07/16/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 95014                              51                                  PRIMARY RESIDENCE             N

 600834453                          09/01/2003                          $2,299.55                     09/01/2003
 $405,000.00                        07/24/2003                          $404,111.37                   REFINANCE
                                                                        5.5
 FL                                 SINGLE FAMILY                                                     STANDARD
 33042                              59.56                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600834454                          09/01/2003                          $3,087.69                     10/01/2003
 $515,000.00                        07/25/2003                          $513,972.06                   REFINANCE
                                                                        6
 CA                                 SINGLE FAMILY                                                     STANDARD
 94596                              75.74                               PRIMARY RESIDENCE             N
                                                                        $2,523.07
 600834455                          09/01/2003                                                        09/01/2003
 $470,000.00                        07/23/2003                          $468,868.17                   REFINANCE
 PA                                 SINGLE FAMILY                       5                             STANDARD
                                                                        PRIMARY RESIDENCE
 19118                              53.71                                                             N
 600834456                          09/01/2003                          $2,896.68                     09/01/2003
                                                                        $530,748.14
 $532,000.00                        07/28/2003                                                        PURCHASE
 NY                                 SINGLE FAMILY                       5.125                         STANDARD
 12457                              80                                  PRIMARY RESIDENCE             N

 600834457                          09/01/2003                          $2,187.50                     09/01/2003
 $380,000.00                        07/30/2003                          $379,185.60                   PURCHASE
                                                                        5.625
 MO                                 SINGLE FAMILY                                                     STANDARD
 63038                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,564.55
 600834988                          09/01/2003                                                        09/01/2003
 $445,500.00                        07/22/2003                          $444,545.23                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 90274                              49.5                                                              N
 600835141                          09/01/2003                          $3,120.06                     09/01/2003
                                                                        $539,833.73
 $542,000.00                        07/30/2003                                                        REFINANCE
 CO                                 SINGLE FAMILY                       5.625                         STANDARD
 80016                              79.59                               PRIMARY RESIDENCE             N

 600835142                          09/01/2003                          $3,845.00                     09/01/2003
 $650,000.00                        07/30/2003                          $648,671.34                   REFINANCE
                                                                        5.875
 NM                                 SINGLE FAMILY                                                     STANDARD
 87505                              74.29                               PRIMARY RESIDENCE             N
                                                                        $2,759.45
 600835747                          09/01/2003                                                        09/01/2003
 $486,000.00                        07/25/2003                          $484,933.66                   REFINANCE
 CA                                 PUD                                 5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 94506                              32.4                                                              N
 600835749                          10/01/2003                          $2,032.07                     09/01/2003
                                                                        $352,622.62
 $353,000.00                        08/01/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 94506                              39.22                               PRIMARY RESIDENCE             N

 600835750                          10/01/2003                          $2,484.92                     10/01/2003
 $450,000.00                        08/01/2003                          $449,483.83                   REFINANCE
                                                                        5.25
 CO                                 SINGLE FAMILY                                                     STANDARD
 80206                              56.25                               PRIMARY RESIDENCE             N
                                                                        $3,213.69
 600836095                          09/01/2003                                                        09/01/2003
 $566,000.00                        07/25/2003                          $564,758.12                   REFINANCE
 CA                                 PUD                                 5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 94507                              58.96                                                             N
 600836794                          10/01/2003                          $2,265.21                     09/01/2003
                                                                        $393,079.32
 $393,500.00                        08/07/2003                                                        REFINANCE
 MD                                 SINGLE FAMILY                       5.625                         STANDARD
 21093                              65.58                               PRIMARY RESIDENCE             N

 600836795                          10/01/2003                          $3,379.49                     09/01/2003
 $612,000.00                        08/05/2003                          $611,298.01                   REFINANCE
                                                                        5.25
 HI                                 SINGLE FAMILY                                                     STANDARD
 96822                              30                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600836933                          09/01/2003                          $3,656.57                     09/01/2003
 $635,200.00                        07/18/2003                          $633,838.68                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 91436                              72.51                               PRIMARY RESIDENCE             N
                                                                        $2,271.16
 600837942                          09/01/2003                                                        09/01/2003
 $400,000.00                        07/17/2003                          $399,122.34                   PURCHASE
 CA                                 PUD                                 5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 95138                              67.8                                                              N
 600838344                          10/01/2003                          $1,958.87                     09/01/2003
                                                                        $344,622.38
 $345,000.00                        08/04/2003                                                        REFINANCE
 GA                                 PUD                                 5.5                           STANDARD
 30047                              51.88                               PRIMARY RESIDENCE             N

 600838426                          09/01/2003                          $2,286.85                     09/01/2003
 $420,000.00                        07/31/2003                          $419,011.69                   PURCHASE
                                                                        5.125
 NY                                 SINGLE FAMILY                                                     STANDARD
 10505                              77.95                               PRIMARY RESIDENCE             N
                                                                        $2,246.76
 600838430                          10/01/2003                                                        09/01/2003
 $385,000.00                        08/01/2003                          $384,598.03                   REFINANCE
 CA                                 PUD                                 5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 92127                              55                                                                N
 600838432                          09/01/2003                          $3,263.97                     09/01/2003
                                                                        $565,784.84
 $567,000.00                        07/25/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 94566                              64.8                                PRIMARY RESIDENCE             N

 600838433                          10/01/2003                          $2,579.86                     10/01/2003
 $419,000.00                        08/01/2003                          $418,602.43                   REFINANCE
                                                                        6.25
 CA                                 SINGLE FAMILY                                                     STANDARD
 94947                              61.62                               PRIMARY RESIDENCE             N
                                                                        $2,578.94
 600838598                          09/01/2003                                                        09/01/2003
 $448,000.00                        07/11/2003                          $447,039.87                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92025                              66.37                                                             N
 600838599                          09/01/2003                          $2,992.84                     09/01/2003
                                                                        $518,785.78
 $519,900.00                        07/14/2003                                                        PURCHASE
 CA                                 PUD                                 5.625                         STANDARD
 92128                              80                                  PRIMARY RESIDENCE             N

 600839163                          10/01/2003                          $2,100.82                     10/01/2003
 $370,000.00                        08/04/2003                          $369,595.01                   REFINANCE
                                                                        5.5
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07746                              50.34                               PRIMARY RESIDENCE             N
                                                                        $2,657.25
 600839164                          09/01/2003                                                        10/01/2003
 $468,000.00                        07/23/2003                          $466,973.15                   PURCHASE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 92116                              80                                                                N
 600839217                          10/01/2003                          $3,741.77                     09/01/2003
                                                                        $649,305.11
 $650,000.00                        08/05/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 93940                              57.52                               PRIMARY RESIDENCE             N

 600840661                          09/01/2003                          $2,736.09                     09/01/2003
 $475,300.00                        07/08/2003                          $474,281.38                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 94587                              69.9                                PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 600845270                          10/01/2003                          $2,945.86                     10/01/2003
 $498,000.00                        08/07/2003                          $497,492.26                   REFINANCE
                                                                        5.875
 CA                                 PUD                                                               STANDARD
 91326                              75.23                               PRIMARY RESIDENCE             N
                                                                        $2,827.59
 600849508                          10/01/2003                                                        10/01/2003
 $498,000.00                        08/21/2003                          $497,454.91                   REFINANCE
 TX                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 77401                              34.34                                                             N
 600849509                          10/01/2003                          $2,572.03                     10/01/2003
                                                                        $446,322.35
 $446,800.00                        08/18/2003                                                        PURCHASE
 CA                                 PUD                                 5.625                         STANDARD
 92692                              80                                  PRIMARY RESIDENCE             N

 600853358                          10/01/2003                          $2,567.72                     10/01/2003
 $440,000.00                        08/20/2003                          $439,540.61                   PURCHASE
                                                                        5.75
 CA                                 CONDOMINIUM                                                       STANDARD
 92118                              64.71                               SECOND HOME                   N
                                                                        $2,748.10
 600853359                          09/01/2003                                                        10/01/2003
 $484,000.00                        07/24/2003                          $482,938.04                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 07059                              42.46                                                             N
 600853360                          10/01/2003                          $1,769.25                     10/01/2003
                                                                        $302,858.46
 $303,175.00                        08/22/2003                                                        REFINANCE
 CT                                 SINGLE FAMILY                       5.75                          STANDARD
 06825                              73.05                               PRIMARY RESIDENCE             N

 654268223                          06/01/2003                          $2,302.63                     09/01/2003
 $400,000.00                        04/21/2003                          $397,794.79                   REFINANCE
                                                                        5.625
 NY                                 SINGLE FAMILY                                                     STANDARD
 11050                              75.47                               PRIMARY RESIDENCE             N
                                                                        $3,401.84
 654431735                          07/01/2003                                                        10/01/2003
 $552,500.00                        05/23/2003                          $550,386.61                   REFINANCE
 NY                                 SINGLE FAMILY                       6.25                          STANDARD
                                                                        PRIMARY RESIDENCE
 11743                              56.67                                                             N
 654442713                          07/01/2003                          $2,878.29                     10/01/2003
                                                                        $467,824.29
 $500,000.00                        05/09/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 07059                              75.76                               PRIMARY RESIDENCE             N

 654458070                          10/01/2003                          $2,137.40                     09/01/2003
 $356,500.00                        08/23/2003                          $356,145.10                   REFINANCE
                                                                        6
 CA                                 SINGLE FAMILY                                                     STANDARD
 93711                              79.22                               PRIMARY RESIDENCE             N
                                                                        $4,376.22
 654461225                          10/01/2003                                                        09/01/2003
 $749,900.00                        08/09/2003                          $749,117.05                   REFINANCE
 WA                                 SINGLE FAMILY                       5.75                          STREAMLINE
                                                                        PRIMARY RESIDENCE
 98250                              58.36                                                             N
 654529922                          09/01/2003                          $3,386.45                     10/01/2003
                                                                        $548,953.55
 $550,000.00                        07/25/2003                                                        REFINANCE
 CA                                 PUD                                 6.25                          STANDARD
 93924                              30.56                               PRIMARY RESIDENCE             N

 654546038                          07/01/2003                          $2,016.83                     09/01/2003
 $345,600.00                        05/10/2003                          $344,146.27                   REFINANCE
                                                                        5.75
 CA                                 PUD                                                               STANDARD
 91362                              80.94                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654546655                          07/01/2003                          $2,039.59                     09/01/2003
 $349,500.00                        05/23/2003                          $348,029.87                   REFINANCE
                                                                        5.75
 CA                                 SINGLE FAMILY                                                     STANDARD
 92373                              76.81                               PRIMARY RESIDENCE             N
                                                                        $2,426.40
 654547593                          07/01/2003                                                        09/01/2003
 $421,500.00                        05/19/2003                          $419,684.81                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 91423                              48.17                                                             N
 654547815                          10/01/2003                          $2,176.86                     09/01/2003
                                                                        $367,624.81
 $368,000.00                        08/04/2003                                                        REFINANCE
 IL                                 PUD                                 5.875                         STANDARD
 60614                              52.57                               PRIMARY RESIDENCE             N

 654548045                          09/01/2003                          $2,049.34                     09/01/2003
 $356,000.00                        07/20/2003                          $355,237.04                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 95662                              78.24                               PRIMARY RESIDENCE             N
                                                                        $2,225.74
 654550378                          09/01/2003                                                        09/01/2003
 $392,000.00                        07/16/2003                          $391,139.89                   REFINANCE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 94038                              65.88                                                             N
 654552076                          08/01/2003                          $2,302.63                     09/01/2003
                                                                        $398,711.09
 $400,000.00                        05/30/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 92648                              80                                  PRIMARY RESIDENCE             N

 654555271                          08/01/2003                          $3,292.76                     10/01/2003
 $572,000.00                        06/25/2003                          $570,156.85                   REFINANCE
                                                                        5.625
 NJ                                 SINGLE FAMILY                                                     STREAMLINE
 07830                              78.57                               PRIMARY RESIDENCE             N
                                                                        $1,981.66
 654555390                          10/01/2003                                                        09/01/2003
 $335,000.00                        08/13/2003                          $334,658.44                   REFINANCE
 NY                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 11771                              57.26                                                             N
 654555544                          08/01/2003                          $2,705.59                     09/01/2003
                                                                        $468,284.12
 $470,000.00                        06/02/2003                                                        PURCHASE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 91311                              72.31                               PRIMARY RESIDENCE             N

 654559498                          09/01/2003                          $1,992.94                     09/01/2003
 $351,000.00                        07/17/2003                          $350,229.86                   REFINANCE
                                                                        5.5
 CA                                 SINGLE FAMILY                                                     STANDARD
 92678                              78                                  PRIMARY RESIDENCE             N
                                                                        $2,302.63
 654560533                          07/01/2003                                                        10/01/2003
 $400,000.00                        05/16/2003                          $398,277.42                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 94618                              41.32                                                             N
 654562641                          07/01/2003                          $2,849.50                     09/01/2003
                                                                        $491,455.62
 $495,000.00                        05/22/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 92648                              63.54                               PRIMARY RESIDENCE             N

 654562851                          09/01/2003                          $1,962.99                     09/01/2003
 $341,000.00                        07/03/2003                          $340,226.81                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 90703                              75.78                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654563051                          09/01/2003                          $2,648.02                     09/01/2003
 $460,000.00                        07/11/2003                          $459,014.15                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 90265                              28.75                               PRIMARY RESIDENCE             N
                                                                        $2,368.83
 654563796                          07/01/2003                                                        09/01/2003
 $411,500.00                        05/23/2003                          $409,727.89                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 90274                              52.42                                                             N
 654568620                          07/01/2003                          $2,463.81                     10/01/2003
                                                                        $426,156.86
 $428,000.00                        05/28/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 90731                              76.43                               PRIMARY RESIDENCE             N

 654570637                          09/01/2003                          $2,014.80                     09/01/2003
 $350,000.00                        06/30/2003                          $349,016.50                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 91978                              76.59                               PRIMARY RESIDENCE             N
                                                                        $2,504.11
 654574025                          08/01/2003                                                        09/01/2003
 $435,000.00                        06/13/2003                          $433,598.30                   REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92675                              44.62                                                             N
 654575048                          10/01/2003                          $2,537.70                     09/01/2003
                                                                        $428,562.61
 $429,000.00                        08/05/2003                                                        REFINANCE
 FL                                 SINGLE FAMILY                       5.875                         STANDARD
 33146                              71.74                               PRIMARY RESIDENCE             N

 654575238                          08/01/2003                          $3,010.69                     09/01/2003
 $523,000.00                        06/07/2003                          $521,314.74                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92705                              78.06                               PRIMARY RESIDENCE             N
                                                                        $2,300.33
 654578890                          08/01/2003                                                        09/01/2003
 $399,600.00                        06/13/2003                          $398,312.37                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 93117                              61.48                                                             N
 654580664                          09/01/2003                          $2,388.98                     09/01/2003
                                                                        $414,110.58
 $415,000.00                        07/16/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
 07926                              41.71                               PRIMARY RESIDENCE             N

 654580984                          08/01/2003                          $2,780.43                     10/01/2003
 $483,000.00                        06/13/2003                          $481,443.62                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 92648                              61.92                               PRIMARY RESIDENCE             N
                                                                        $2,233.55
 654581276                          08/01/2003                                                        10/01/2003
 $388,000.00                        06/14/2003                          $386,749.76                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 91316                              74.62                                                             N
 654581576                          10/01/2003                          $2,590.46                     09/01/2003
                                                                        $449,518.92
 $450,000.00                        08/06/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 95030                              36                                  INVESTMENT PROPERTY           N

 654582161                          07/01/2003                          $2,072.37                     09/01/2003
 $360,000.00                        05/22/2003                          $358,358.45                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92887                              54.14                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654582176                          08/01/2003                          $1,981.59                     09/01/2003
 $349,000.00                        06/29/2003                          $347,848.71                   REFINANCE
                                                                        5.5
 VA                                 SINGLE FAMILY                                                     STANDARD
 20112                              68.43                               PRIMARY RESIDENCE             N
                                                                        $2,239.31
 654583000                          08/01/2003                                                        10/01/2003
 $389,000.00                        06/11/2003                          $387,500.51                   REFINANCE
 CT                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 06830                              45.76                                                             N
 654583863                          09/01/2003                          $2,774.67                     09/01/2003
                                                                        $480,967.00
 $482,000.00                        07/02/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 91711                              50.74                               PRIMARY RESIDENCE             N

 654583950                          10/01/2003                          $2,141.45                     10/01/2003
 $372,000.00                        08/18/2003                          $371,602.30                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92705                              79.15                               PRIMARY RESIDENCE             N
                                                                        $1,981.66
 654584105                          08/01/2003                                                        09/01/2003
 $335,000.00                        06/20/2003                          $333,970.30                   REFINANCE
 PA                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 18901                              68.37                                                             N
 654585100                          08/01/2003                          $2,298.60                     09/01/2003
                                                                        $398,013.35
 $399,300.00                        06/04/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 95746                              58.72                               PRIMARY RESIDENCE             N

 654585401                          10/01/2003                          $2,319.90                     09/01/2003
 $403,000.00                        08/03/2003                          $402,569.16                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 92694                              62.97                               PRIMARY RESIDENCE             N
                                                                        $2,028.04
 654585787                          09/01/2003                                                        10/01/2003
 $352,300.00                        07/15/2003                          $351,544.97                   REFINANCE
 VA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 20175                              76.59                                                             N
 654585926                          08/01/2003                          $3,108.55                     09/01/2003
                                                                        $538,259.97
 $540,000.00                        06/05/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 92835                              71.05                               PRIMARY RESIDENCE             N

 654588466                          08/01/2003                          $2,216.28                     10/01/2003
 $385,000.00                        06/11/2003                          $382,945.23                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 94037                              57.04                               PRIMARY RESIDENCE             N
                                                                        $2,055.10
 654588473                          08/01/2003                                                        09/01/2003
 $357,000.00                        06/17/2003                          $355,849.64                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92870                              75.16                                                             N
 654589422                          08/01/2003                          $2,325.66                     09/01/2003
                                                                        $402,698.19
 $404,000.00                        06/07/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 91710                              66.56                               PRIMARY RESIDENCE             N

 654589916                          08/01/2003                          $1,899.67                     09/01/2003
 $330,000.00                        06/10/2003                          $328,936.65                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 92614                              77.19                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654590469                          09/01/2003                          $2,175.99                     10/01/2003
 $378,000.00                        07/07/2003                          $374,869.68                   PURCHASE
                                                                        5.625
 NY                                 SINGLE FAMILY                                                     STANDARD
 10541                              87.91                               PRIMARY RESIDENCE             N
                                                                        $2,200.74
 654590760                          09/01/2003                                                        10/01/2003
 $382,300.00                        07/07/2003                          $381,480.67                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 95120                              56.64                                                             N
 654590797                          08/01/2003                          $2,302.63                     09/01/2003
                                                                        $398,711.09
 $400,000.00                        06/11/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 92653                              45.2                                PRIMARY RESIDENCE             N

 654591743                          08/01/2003                          $3,695.72                     10/01/2003
 $642,000.00                        06/17/2003                          $639,931.31                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 92130                              61.14                               PRIMARY RESIDENCE             N
                                                                        $2,410.16
 654592004                          10/01/2003                                                        10/01/2003
 $413,000.00                        07/30/2003                          $412,568.80                   REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 93441                              48.59                                                             N
 654592679                          08/01/2003                          $2,717.10                     10/01/2003
                                                                        $470,476.58
 $472,000.00                        06/13/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 91941                              73.75                               PRIMARY RESIDENCE             N

 654593109                          08/01/2003                          $2,026.32                     09/01/2003
 $352,000.00                        06/18/2003                          $350,865.74                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 91915                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,074.10
 654593245                          08/01/2003                                                        09/01/2003
 $360,300.00                        06/05/2003                          $359,139.00                   REFINANCE
 CA                                 PUD                                 5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 91360                              53.38                                                             N
 654593867                          08/01/2003                          $2,210.53                     09/01/2003
                                                                        $382,762.63
 $384,000.00                        06/06/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 94558                              56.47                               PRIMARY RESIDENCE             N

 654594262                          09/01/2003                          $2,861.02                     09/01/2003
 $497,000.00                        07/26/2003                          $495,934.85                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 90630                              70                                  PRIMARY RESIDENCE             N
                                                                        $2,532.89
 654594822                          08/01/2003                                                        10/01/2003
 $440,000.00                        06/21/2003                          $438,582.18                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 94112                              80                                                                N
 654596118                          08/01/2003                          $2,014.80                     09/01/2003
                                                                        $348,771.74
 $350,000.00                        06/09/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 92620                              74.47                               PRIMARY RESIDENCE             N

 654596952                          08/01/2003                          $2,384.37                     09/01/2003
 $414,200.00                        06/11/2003                          $412,865.34                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 94521                              55.23                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654597403                          10/01/2003                          $2,993.73                     09/01/2003
 $513,000.00                        08/09/2003                          $512,464.40                   REFINANCE
                                                                        5.75
 CA                                 SINGLE FAMILY                                                     STANDARD
 94598                              76.57                               PRIMARY RESIDENCE             N
                                                                        $2,028.50
 654598199                          08/01/2003                                                        09/01/2003
 $347,600.00                        06/14/2003                          $346,506.02                   REFINANCE
 CA                                 PUD                                 5.75                          STREAMLINE
                                                                        PRIMARY RESIDENCE
 92692                              56.06                                                             N
 654598869                          08/01/2003                          $1,973.65                     10/01/2003
                                                                        $337,135.59
 $338,200.00                        06/21/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
 90803                              72.73                               PRIMARY RESIDENCE             N

 654598995                          09/01/2003                          $2,388.98                     10/01/2003
 $415,000.00                        07/12/2003                          $414,110.58                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 92009                              60.14                               PRIMARY RESIDENCE             N
                                                                        $2,407.43
 654599610                          09/01/2003                                                        09/01/2003
 $424,000.00                        07/21/2003                          $423,069.68                   REFINANCE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 90814                              67.84                                                             N
 654599734                          08/01/2003                          $2,607.73                     10/01/2003
                                                                        $451,540.31
 $453,000.00                        06/16/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 92505                              76.91                               PRIMARY RESIDENCE             N

 654601106                          08/01/2003                          $2,158.72                     09/01/2003
 $375,000.00                        06/21/2003                          $373,791.63                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 91741                              58.59                               PRIMARY RESIDENCE             N
                                                                        $2,626.08
 654602049                          10/01/2003                                                        09/01/2003
 $450,000.00                        08/14/2003                          $449,530.17                   REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 92653                              76.01                                                             N
 654603894                          09/01/2003                          $1,989.99                     09/01/2003
                                                                        $340,286.23
 $341,000.00                        07/25/2003                                                        REFINANCE
 CT                                 SINGLE FAMILY                       5.75                          STANDARD
 06902                              54.13                               PRIMARY RESIDENCE             N

 654605463                          10/01/2003                          $3,826.49                     10/01/2003
 $655,700.00                        08/06/2003                          $655,015.41                   REFINANCE
                                                                        5.75
 CA                                 SINGLE FAMILY                                                     STANDARD
 93111                              48.57                               PRIMARY RESIDENCE             N
                                                                        $3,453.94
 654606387                          09/01/2003                                                        09/01/2003
 $600,000.00                        07/11/2003                          $598,714.11                   REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92648                              68.97                                                             N
 654606482                          10/01/2003                          $3,425.58                     10/01/2003
                                                                        $586,387.13
 $587,000.00                        08/22/2003                                                        REFINANCE
 CA                                 PUD                                 5.75                          STANDARD
 91377                              67.09                               PRIMARY RESIDENCE             N

 654606788                          10/01/2003                          $3,344.57                     10/01/2003
 $581,000.00                        08/02/2003                          $580,378.87                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 94022                              29.79                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654606983                          10/01/2003                          $2,279.03                     09/01/2003
 $395,900.00                        08/06/2003                          $395,476.75                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 92688                              71.98                               PRIMARY RESIDENCE             N
                                                                        $2,302.63
 654607226                          09/01/2003                                                        09/01/2003
 $400,000.00                        07/03/2003                          $398,947.48                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 91941                              78.43                                                             N
 654608233                          09/01/2003                          $2,852.38                     09/01/2003
                                                                        $494,438.07
 $495,500.00                        07/26/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 90630                              70.28                               PRIMARY RESIDENCE             N

 654611510                          09/01/2003                          $2,371.71                     09/01/2003
 $412,000.00                        07/03/2003                          $411,038.58                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92019                              75.6                                PRIMARY RESIDENCE             N
                                                                        $2,696.96
 654613201                          08/01/2003                                                        10/01/2003
 $468,500.00                        06/15/2003                          $466,969.54                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 90731                              55.12                                                             N
 654613645                          10/01/2003                          $2,372.07                     09/01/2003
                                                                        $400,591.16
 $401,000.00                        08/22/2003                                                        REFINANCE
 MD                                 SINGLE FAMILY                       5.875                         STANDARD
 21146                              75.23                               PRIMARY RESIDENCE             N

 654614614                          09/01/2003                          $2,797.09                     09/01/2003
 $450,000.00                        07/02/2003                          $448,621.35                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 95616                              61.22                               PRIMARY RESIDENCE             N
                                                                        $1,988.90
 654614798                          09/01/2003                                                        09/01/2003
 $345,500.00                        07/07/2003                          $344,759.53                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        SECOND HOME
 96150                              76.78                                                             N
 654615433                          09/01/2003                          $2,072.37                     09/01/2003
                                                                        $359,228.46
 $360,000.00                        07/03/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 91724                              78.26                               PRIMARY RESIDENCE             N

 654616033                          10/01/2003                          $2,188.40                     09/01/2003
 $375,000.00                        08/14/2003                          $374,608.48                   REFINANCE
                                                                        5.75
 NY                                 SINGLE FAMILY                                                     STANDARD
 11214                              60                                  PRIMARY RESIDENCE             N
                                                                        $2,207.65
 654616265                          08/01/2003                                                        09/01/2003
 $383,500.00                        06/18/2003                          $382,126.35                   REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
                                                                        INVESTMENT PROPERTY
 92629                              63.39                                                             N
 654616962                          10/01/2003                          $2,062.94                     09/01/2003
                                                                        $353,130.91
 $353,500.00                        08/12/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
 92860                              74.42                               PRIMARY RESIDENCE             N

 654617614                          10/01/2003                          $2,932.46                     09/01/2003
 $502,500.00                        08/22/2003                          $501,975.35                   REFINANCE
                                                                        5.75
 CA                                 SINGLE FAMILY                                                     STANDARD
 91302                              64.84                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654618180                          09/01/2003                          $2,239.31                     09/01/2003
 $389,000.00                        07/07/2003                          $388,166.31                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 91910                              72.3                                PRIMARY RESIDENCE             N
                                                                        $2,895.56
 654618219                          10/01/2003                                                        09/01/2003
 $503,000.00                        08/07/2003                          $502,462.25                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92025                              79.84                                                             N
 654618697                          09/01/2003                          $3,655.42                     09/01/2003
                                                                        $633,639.10
 $635,000.00                        06/25/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 92657                              64.62                               PRIMARY RESIDENCE             N

 654618732                          09/01/2003                          $1,922.70                     09/01/2003
 $334,000.00                        07/21/2003                          $333,284.18                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 94536                              62.43                               PRIMARY RESIDENCE             N
                                                                        $2,072.37
 654619149                          09/01/2003                                                        09/01/2003
 $360,000.00                        07/14/2003                          $359,228.46                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 94585                              80                                                                N
 654620418                          09/01/2003                          $2,728.62                     09/01/2003
                                                                        $472,481.80
 $474,000.00                        07/02/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 90275                              61.16                               PRIMARY RESIDENCE             N

 654621777                          09/01/2003                          $2,042.51                     09/01/2003
 $350,000.00                        07/03/2003                          $349,267.38                   REFINANCE
                                                                        5.75
 CA                                 PUD                                                               STANDARD
 92614                              42.42                               PRIMARY RESIDENCE             N
                                                                        $4,288.65
 654622788                          10/01/2003                                                        09/01/2003
 $725,000.00                        08/18/2003                          $724,260.83                   REFINANCE
 MN                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 55331                              63.04                                                             N
 654623175                          09/01/2003                          $2,465.54                     09/01/2003
                                                                        $427,382.09
 $428,300.00                        06/23/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 95630                              67.98                               PRIMARY RESIDENCE             N

 654623846                          10/01/2003                          $2,579.11                     10/01/2003
 $436,000.00                        08/21/2003                          $435,555.47                   REFINANCE
                                                                        5.875
 PA                                 SINGLE FAMILY                                                     STANDARD
 18944                              68.66                               PRIMARY RESIDENCE             N
                                                                        $2,184.62
 654624462                          09/01/2003                                                        09/01/2003
 $379,500.00                        07/11/2003                          $378,686.67                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 90043                              52.71                                                             N
 654624685                          09/01/2003                          $2,435.03                     09/01/2003
                                                                        $422,093.44
 $423,000.00                        07/03/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 90035                              59.58                               PRIMARY RESIDENCE             N

 654624686                          09/01/2003                          $2,452.30                     09/01/2003
 $426,000.00                        07/25/2003                          $425,087.02                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 95688                              71                                  PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654625251                          09/01/2003                          $2,210.53                     10/01/2003
 $384,000.00                        07/03/2003                          $383,177.02                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 92630                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,678.99
 654625357                          09/01/2003                                                        09/01/2003
 $431,000.00                        07/03/2003                          $429,679.55                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 95818                              71.83                                                             N
 654626552                          09/01/2003                          $2,466.69                     09/01/2003
                                                                        $427,581.66
 $428,500.00                        07/13/2003                                                        REFINANCE
 CA                                 CONDOMINIUM                         5.625                         STANDARD
 92677                              61.21                               PRIMARY RESIDENCE             N

 654626842                          09/01/2003                          $2,384.72                     09/01/2003
 $420,000.00                        07/22/2003                          $419,078.45                   REFINANCE
                                                                        5.5
 CA                                 SINGLE FAMILY                                                     STANDARD
 94503                              76.36                               PRIMARY RESIDENCE             N
                                                                        $2,489.76
 654626945                          09/01/2003                                                        09/01/2003
 $438,500.00                        07/09/2003                          $436,020.70                   REFINANCE
 CA                                 PUD                                 5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 92210                              77.61                                                             N
 654627149                          09/01/2003                          $2,014.80                     09/01/2003
                                                                        $349,249.90
 $350,000.00                        07/02/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 90278                              70                                  PRIMARY RESIDENCE             N

 654627427                          10/01/2003                          $2,302.63                     09/01/2003
 $400,000.00                        08/22/2003                          $399,572.37                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 95051                              73.39                               PRIMARY RESIDENCE             N
                                                                        $2,393.07
 654627492                          09/01/2003                                                        09/01/2003
 $385,000.00                        07/20/2003                          $383,820.48                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92054                              64.71                                                             N
 654630439                          09/01/2003                          $2,064.47                     10/01/2003
                                                                        $348,079.98
 $349,000.00                        06/20/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.875                         STANDARD
 92064                              55.4                                PRIMARY RESIDENCE             N

 654632885                          09/01/2003                          $2,590.46                     10/01/2003
 $450,000.00                        07/12/2003                          $449,016.46                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 92887                              62.94                               PRIMARY RESIDENCE             N
                                                                        $1,987.57
 654633768                          09/01/2003                                                        09/01/2003
 $336,000.00                        07/28/2003                          $335,313.18                   REFINANCE
 CA                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 95661                              80                                                                N
 654636543                          09/01/2003                          $2,774.67                     09/01/2003
                                                                        $480,967.00
 $482,000.00                        07/15/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 92886                              72.26                               PRIMARY RESIDENCE             N

 654638474                          09/01/2003                          $2,025.00                     09/01/2003
 $347,000.00                        07/07/2003                          $346,273.68                   REFINANCE
                                                                        5.75
 CA                                 PUD                                                               STREAMLINE
 94555                              68.04                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654639759                          10/01/2003                          $2,389.82                     09/01/2003
 $404,000.00                        08/22/2003                          $403,588.10                   REFINANCE
                                                                        5.875
 VA                                 PUD                                                               STANDARD
 20194                              67.33                               PRIMARY RESIDENCE             N
                                                                        $1,957.99
 654641565                          09/01/2003                                                        10/01/2003
 $331,000.00                        07/08/2003                          $330,323.41                   REFINANCE
 CA                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 92886                              77.88                                                             N
 654642665                          10/01/2003                          $2,180.82                     09/01/2003
                                                                        $373,309.83
 $373,700.00                        07/28/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STREAMLINE
 95037                              71.87                               PRIMARY RESIDENCE             N

 654644858                          09/01/2003                          $2,757.40                     09/01/2003
 $479,000.00                        07/12/2003                          $477,973.42                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STREAMLINE
 92037                              48.88                               PRIMARY RESIDENCE             N
                                                                        $2,648.02
 654645415                          09/01/2003                                                        09/01/2003
 $460,000.00                        07/16/2003                          $459,014.15                   REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92887                              52.87                                                             N
 654647319                          09/01/2003                          $2,209.95                     10/01/2003
                                                                        $383,077.24
 $383,900.00                        07/25/2003                                                        REFINANCE
 VA                                 PUD                                 5.625                         STANDARD
 20124                              49.54                               PRIMARY RESIDENCE             N

 654647781                          10/01/2003                          $2,685.15                     09/01/2003
 $466,450.00                        08/22/2003                          $465,951.33                   REFINANCE
                                                                        5.625
 CA                                 CONDOMINIUM                                                       STANDARD
 92646                              65.24                               PRIMARY RESIDENCE             N
                                                                        $2,872.53
 654648691                          09/01/2003                                                        10/01/2003
 $499,000.00                        07/18/2003                          $497,930.56                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 91202                              76.77                                                             N
 654649313                          09/01/2003                          $2,141.45                     09/01/2003
                                                                        $371,202.74
 $372,000.00                        07/19/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 92129                              67.39                               PRIMARY RESIDENCE             N

 654649418                          10/01/2003                          $2,123.63                     09/01/2003
 $359,000.00                        08/20/2003                          $358,633.97                   REFINANCE
                                                                        5.875
 MN                                 SINGLE FAMILY                                                     STANDARD
 55441                              62.43                               PRIMARY RESIDENCE             N
                                                                        $3,166.12
 654649883                          09/01/2003                                                        09/01/2003
 $550,000.00                        07/19/2003                          $548,821.26                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 93065                              68.75                                                             N
 654650994                          09/01/2003                          $2,489.72                     09/01/2003
                                                                        $431,573.08
 $432,500.00                        07/14/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 93012                              78.64                               PRIMARY RESIDENCE             N

 654651032                          10/01/2003                          $1,947.52                     09/01/2003
 $343,000.00                        07/26/2003                          $342,624.56                   REFINANCE
                                                                        5.5
 CA                                 SINGLE FAMILY                                                     STANDARD
 91941                              62.36                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654651968                          09/01/2003                          $2,368.83                     09/01/2003
 $411,500.00                        07/12/2003                          $410,618.09                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 91910                              73.35                               PRIMARY RESIDENCE             N
                                                                        $2,055.10
 654653287                          09/01/2003                                                        09/01/2003
 $357,000.00                        07/23/2003                          $356,234.89                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 95366                              73.61                                                             N
 654653436                          09/01/2003                          $2,555.06                     09/01/2003
                                                                        $449,012.62
 $450,000.00                        07/07/2003                                                        REFINANCE
 CA                                 PUD                                 5.5                           STANDARD
 92870                              76.79                               PRIMARY RESIDENCE             N

 654653437                          10/01/2003                          $2,014.80                     09/01/2003
 $350,000.00                        08/11/2003                          $349,625.83                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 95746                              77.78                               PRIMARY RESIDENCE             N
                                                                        $2,665.29
 654653915                          09/01/2003                                                        09/01/2003
 $463,000.00                        07/09/2003                          $462,007.68                   REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 91105                              57.16                                                             N
 654655407                          10/01/2003                          $2,190.38                     09/01/2003
                                                                        $380,093.21
 $380,500.00                        08/22/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 92808                              58.54                               PRIMARY RESIDENCE             N

 654655471                          10/01/2003                          $2,194.24                     09/01/2003
 $376,000.00                        08/20/2003                          $375,607.43                   REFINANCE
                                                                        5.75
 VA                                 PUD                                                               STREAMLINE
 20148                              73.73                               PRIMARY RESIDENCE             N
                                                                        $2,451.01
 654656073                          10/01/2003                                                        10/01/2003
 $420,000.00                        08/06/2003                          $419,561.49                   REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 92647                              70                                                                N
 654656171                          10/01/2003                          $2,917.87                     09/01/2003
                                                                        $499,477.96
 $500,000.00                        08/15/2003                                                        REFINANCE
 CA                                 PUD                                 5.75                          STANDARD
 92620                              59.52                               PRIMARY RESIDENCE             N

 654656271                          09/01/2003                          $2,302.63                     09/01/2003
 $400,000.00                        07/22/2003                          $399,142.74                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 91741                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,100.82
 654657590                          09/01/2003                                                        09/01/2003
 $370,000.00                        07/15/2003                          $369,188.17                   REFINANCE
 CA                                 SINGLE FAMILY                       5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 91750                              56.49                                                             N
 654657706                          10/01/2003                          $2,066.04                     10/01/2003
                                                                        $358,516.30
 $358,900.00                        08/09/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STREAMLINE
 07733                              56.52                               PRIMARY RESIDENCE             N

 654657787                          11/01/2003                          $2,241.93                     10/01/2003
 $379,000.00                        08/29/2003                          $379,000.00                   REFINANCE
                                                                        5.875
 CO                                 SINGLE FAMILY                                                     STANDARD
 80132                              53.38                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654658470                          09/01/2003                          $2,134.32                     09/01/2003
 $375,900.00                        07/18/2003                          $375,075.22                   PURCHASE
                                                                        5.5
 CA                                 PUD                                                               STANDARD
 92692                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,410.20
 654661493                          10/01/2003                                                        09/01/2003
 $402,000.00                        08/05/2003                          $401,599.80                   REFINANCE
 CA                                 PUD                                 6                             STANDARD
                                                                        PRIMARY RESIDENCE
 92883                              77.31                                                             N
 654661969                          10/01/2003                          $2,138.57                     09/01/2003
                                                                        $371,102.84
 $371,500.00                        08/06/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.625                         STANDARD
 90250                              79.89                               PRIMARY RESIDENCE             N

 654664942                          10/01/2003                          $2,626.04                     09/01/2003
 $438,000.00                        08/12/2003                          $437,563.96                   REFINANCE
                                                                        6
 CA                                 PUD                                                               STANDARD
 94502                              63.48                               PRIMARY RESIDENCE             N
                                                                        $2,072.43
 654666193                          11/01/2003                                                        10/01/2003
 $365,000.00                        09/05/2003                          $365,000.00                   REFINANCE
 CA                                 PUD                                 5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 91913                              71.99                                                             N
 654667238                          10/01/2003                          $2,491.21                     09/01/2003
                                                                        $409,601.50
 $410,000.00                        08/22/2003                                                        REFINANCE
 CA                                 PUD                                 6.125                         STANDARD
 91709                              74.55                               PRIMARY RESIDENCE             N

 654667488                          10/01/2003                          $3,592.10                     09/01/2003
 $624,000.00                        08/29/2003                          $623,332.90                   PURCHASE
                                                                        5.625
 IA                                 SINGLE FAMILY                                                     STANDARD
 50265                              80                                  PRIMARY RESIDENCE             N
                                                                        $2,417.76
 654668255                          10/01/2003                                                        09/01/2003
 $420,000.00                        08/23/2003                          $419,550.99                   REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 92009                              64.62                                                             N
 654669254                          10/01/2003                          $2,292.69                     10/01/2003
                                                                        $381,819.31
 $382,400.00                        08/14/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       6                             STANDARD
 94089                              71.48                               PRIMARY RESIDENCE             N

 654669568                          10/01/2003                          $2,583.44                     09/01/2003
 $455,000.00                        08/19/2003                          $454,501.98                   REFINANCE
                                                                        5.5
 CA                                 SINGLE FAMILY                                                     STANDARD
 92887                              70                                  PRIMARY RESIDENCE             N
                                                                        $2,214.56
 654670930                          10/01/2003                                                        09/01/2003
 $384,700.00                        08/23/2003                          $384,288.72                   REFINANCE
 AZ                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 85374                              66.9                                                              N
 654673999                          10/01/2003                          $2,211.71                     10/01/2003
                                                                        $363,646.21
 $364,000.00                        07/31/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       6.125                         STANDARD
 92040                              80                                  PRIMARY RESIDENCE             N

 654678678                          10/01/2003                          $2,742.80                     09/01/2003
 $470,000.00                        08/07/2003                          $469,509.28                   REFINANCE
                                                                        5.75
 CA                                 SINGLE FAMILY                                                     STANDARD
 94542                              62.25                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 654679201                          10/01/2003                          $2,655.26                     09/01/2003
 $455,000.00                        08/08/2003                          $454,524.95                   REFINANCE
                                                                        5.75
 CA                                 PUD                                                               STANDARD
 95014                              70                                  PRIMARY RESIDENCE             N
                                                                        $2,603.12
 654682986                          10/01/2003                                                        09/01/2003
 $452,200.00                        08/22/2003                          $451,716.57                   REFINANCE
 NY                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 10573                              60.29                                                             N
 654683324                          09/01/2003                          $2,532.89                     09/01/2003
                                                                        $439,057.02
 $440,000.00                        07/21/2003                                                        REFINANCE
 CA                                 PUD                                 5.625                         STANDARD
 96161                              54.32                               SECOND HOME                   N

 654684356                          09/01/2003                          $2,337.17                     09/01/2003
 $406,000.00                        07/23/2003                          $404,463.94                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 94403                              67.11                               PRIMARY RESIDENCE             N
                                                                        $2,709.16
 654686129                          10/01/2003                                                        09/01/2003
 $440,000.00                        08/05/2003                          $439,582.51                   REFINANCE
 CA                                 SINGLE FAMILY                       6.25                          STANDARD
                                                                        PRIMARY RESIDENCE
 92620                              75.21                                                             N
 654697449                          10/01/2003                          $2,857.13                     09/01/2003
                                                                        $482,507.56
 $483,000.00                        08/07/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       5.875                         STANDARD
 94086                              70                                  PRIMARY RESIDENCE             N

 654712747                          10/01/2003                          $2,241.22                     09/01/2003
 $364,000.00                        08/20/2003                          $363,654.61                   REFINANCE
                                                                        6.25
 CA                                 SINGLE FAMILY                                                     STANDARD
 90731                              79.13                               PRIMARY RESIDENCE             N
                                                                        $2,957.69
 685267148                          07/01/2003                                                        09/01/2003
 $500,000.00                        05/11/2003                          $497,942.59                   REFINANCE
 NY                                 SINGLE FAMILY                       5.875                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 11561                              71.43                                                             N
 685279469                          07/01/2003                          $1,903.91                     10/01/2003
                                                                        $338,465.76
 $340,000.00                        05/23/2003                                                        REFINANCE
 VA                                 PUD                                 5.375                         SELECT
 22027                              63.55                               PRIMARY RESIDENCE             N

 685283671                          07/01/2003                          $2,878.29                     09/01/2003
 $500,000.00                        05/24/2003                          $497,846.76                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STANDARD
 01776                              49.5                                PRIMARY RESIDENCE             N
                                                                        $2,878.29
 685285927                          08/01/2003                                                        09/01/2003
 $500,000.00                        06/24/2003                          $498,378.76                   REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STANDARD
                                                                        PRIMARY RESIDENCE
 07652                              45.45                                                             N
 685289089                          10/01/2003                          $1,966.65                     10/01/2003
                                                                        $336,279.01
 $337,000.00                        08/09/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.75                          STREAMLINE
 07762                              44.05                               PRIMARY RESIDENCE             N

 685296209                          08/01/2003                          $2,878.29                     10/01/2003
 $500,000.00                        06/15/2003                          $496,905.59                   REFINANCE
                                                                        5.625
 CA                                 SINGLE FAMILY                                                     STANDARD
 90277                              56.18                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 685296951                          11/01/2003                          $2,867.19                     10/01/2003
 $484,700.00                        09/09/2003                          $484,700.00                   REFINANCE
                                                                        5.875
 CA                                 SINGLE FAMILY                                                     STREAMLINE
 92066                              64.54                               PRIMARY RESIDENCE             N
                                                                        $2,512.47
 685297517                          08/01/2003                                                        09/01/2003
 $442,500.00                        06/07/2003                          $441,040.28                   REFINANCE
 VA                                 PUD                                 5.5                           STANDARD
                                                                        PRIMARY RESIDENCE
 22030                              63.21                                                             N
 685298434                          08/01/2003                          $2,023.44                     09/01/2003
                                                                        $349,088.64
 $351,500.00                        06/13/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.625                         STREAMLINE
 07922                              57.15                               PRIMARY RESIDENCE             N

 685299522                          10/01/2003                          $2,766.03                     09/01/2003
 $480,500.00                        08/14/2003                          $479,986.31                   REFINANCE
                                                                        5.625
 CT                                 PUD                                                               STREAMLINE
 06032                              72.8                                PRIMARY RESIDENCE             N
                                                                        $2,197.29
 685300022                          08/01/2003                                                        10/01/2003
 $381,700.00                        06/19/2003                          $380,470.04                   REFINANCE
 NY                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 10522                              65.25                                                             N
 685300621                          08/01/2003                          $1,960.81                     09/01/2003
                                                                        $334,710.55
 $336,000.00                        06/20/2003                                                        REFINANCE
 MA                                 CONDOMINIUM                         5.75                          STREAMLINE
 01545                              78.14                               PRIMARY RESIDENCE             N

 685301928                          09/01/2003                          $2,789.06                     09/01/2003
 $484,500.00                        07/22/2003                          $483,461.64                   REFINANCE
                                                                        5.625
 CA                                 PUD                                                               STANDARD
 94588                              62.52                               PRIMARY RESIDENCE             N
                                                                        $1,883.49
 685302090                          10/01/2003                                                        10/01/2003
 $322,750.00                        08/12/2003                          $322,314.01                   REFINANCE
 PA                                 SINGLE FAMILY                       5.75                          STREAMLINE
                                                                        PRIMARY RESIDENCE
 19004                              73.52                                                             N
 685302440                          09/01/2003                          $2,386.79                     09/01/2003
                                                                        $401,034.99
 $402,400.00                        07/21/2003                                                        REFINANCE
 AZ                                 SINGLE FAMILY                       5.5                           STREAMLINE
 85018                              59.18                               PRIMARY RESIDENCE             N

 685302913                          10/01/2003                          $2,553.72                     09/01/2003
 $437,600.00                        08/21/2003                          $437,143.11                   REFINANCE
                                                                        5.75
 VA                                 SINGLE FAMILY                                                     STREAMLINE
 22003                              70.02                               PRIMARY RESIDENCE             N
                                                                        $2,026.32
 685303286                          08/01/2003                                                        11/01/2003
 $352,000.00                        06/17/2003                          $350,865.74                   REFINANCE
 WA                                 SINGLE FAMILY                       5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 98075                              80                                                                N
 685306036                          08/01/2003                          $2,302.63                     09/01/2003
                                                                        $398,711.09
 $400,000.00                        06/30/2003                                                        REFINANCE
 VA                                 SINGLE FAMILY                       5.625                         STANDARD
 22307                              57.89                               PRIMARY RESIDENCE             N

 685307356                          09/01/2003                          $2,097.70                     10/01/2003
 $364,400.00                        07/22/2003                          $363,619.03                   REFINANCE
                                                                        5.625
 MA                                 SINGLE FAMILY                                                     STREAMLINE
 02048                              63.37                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 685308891                          10/01/2003                          $2,203.59                     10/01/2003
 $388,100.00                        08/12/2003                          $387,675.20                   REFINANCE
                                                                        5.5
 MA                                 SINGLE FAMILY                                                     STREAMLINE
 01970                              55.44                               PRIMARY RESIDENCE             N
                                                                        $1,974.22
 685309014                          10/01/2003                                                        09/01/2003
 $342,950.00                        08/06/2003                          $342,583.36                   REFINANCE
 VA                                 PUD                                 5.625                         STREAMLINE
                                                                        PRIMARY RESIDENCE
 22033                              77.94                                                             N
 685309257                          11/01/2003                          $4,282.89                     10/01/2003
                                                                        $744,000.00
 $744,000.00                        08/28/2003                                                        REFINANCE
 IL                                 SINGLE FAMILY                       5.625                         STREAMLINE
 60422                              74.4                                PRIMARY RESIDENCE             N

 685309718                          08/01/2003                          $2,809.21                     10/01/2003
 $488,000.00                        06/30/2003                          $486,427.52                   REFINANCE
                                                                        5.625
 MI                                 SINGLE FAMILY                                                     SUPER SELECT
 48167                              72.3                                PRIMARY RESIDENCE             N
                                                                        $2,001.66
 685310350                          09/01/2003                                                        09/01/2003
 $343,000.00                        06/28/2003                          $342,083.66                   REFINANCE
 CA                                 SINGLE FAMILY                       5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 94536                              56.69                                                             N
 685312423                          11/01/2003                          $2,839.39                     10/01/2003
                                                                        $480,000.00
 $480,000.00                        09/02/2003                                                        REFINANCE
 IN                                 SINGLE FAMILY                       5.875                         STREAMLINE
 46205                              80                                  PRIMARY RESIDENCE             N

 685312676                          10/01/2003                          $2,354.33                     09/01/2003
 $398,000.00                        08/13/2003                          $397,594.21                   REFINANCE
                                                                        5.875
 CA                                 SINGLE FAMILY                                                     STREAMLINE
 92116                              79.6                                PRIMARY RESIDENCE             N
                                                                        $2,236.02
 685312686                          10/01/2003                                                        09/01/2003
 $378,000.00                        08/06/2003                          $377,614.61                   REFINANCE
 MA                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 01922                              63.74                                                             N
 685312726                          09/01/2003                          $2,072.37                     09/01/2003
                                                                        $359,228.46
 $360,000.00                        07/14/2003                                                        REFINANCE
 CT                                 SINGLE FAMILY                       5.625                         STANDARD
 06907                              62.61                               PRIMARY RESIDENCE             N

 685314528                          10/01/2003                          $2,937.80                     09/01/2003
 $490,000.00                        08/14/2003                          $489,512.20                   REFINANCE
                                                                        6
 CA                                 SINGLE FAMILY                                                     STANDARD
 90815                              70                                  PRIMARY RESIDENCE             N
                                                                        $3,076.00
 685314823                          10/01/2003                                                        09/01/2003
 $520,000.00                        08/18/2003                          $519,469.83                   REFINANCE
 TX                                 SINGLE FAMILY                       5.875                         STANDARD
                                                                        PRIMARY RESIDENCE
 78209                              68.87                                                             N
 685315572                          09/01/2003                          $2,039.59                     10/01/2003
                                                                        $348,768.45
 $349,500.00                        07/21/2003                                                        REFINANCE
 CA                                 PUD                                 5.75                          STREAMLINE
 92692                              69.9                                PRIMARY RESIDENCE             N

 685316680                          10/01/2003                          $2,726.89                     10/01/2003
 $473,700.00                        08/14/2003                          $473,193.58                   REFINANCE
                                                                        5.625
 NC                                 SINGLE FAMILY                                                     STREAMLINE
 27613                              79.61                               PRIMARY RESIDENCE             N

 LOAN_ID                            FIRST_PAYMENT_DATE                  MONTHLY_P_AND_I              PAID_TO_DATE

 ORIGINAL_LOAN_AMOUNT               NOTE_DATE                           ISSUE_DATE_BALANCE           PURPOSE
 PROP_STATE                         PROPERTY_TYPE                       NOTE_RATE                    PROCESSING_STYLE
 PROP_ZIP_CODE                      LTV                                 OCCUPANCY                    LOAN_BUYDOWN_IND

 685316705                          09/01/2003                          $2,299.88                     09/01/2003
 $383,600.00                        07/16/2003                          $382,832.36                   REFINANCE
                                                                        6
 CA                                 SINGLE FAMILY                                                     STANDARD
 95066                              62.37                               PRIMARY RESIDENCE             N
                                                                        $2,089.44
 685319788                          09/01/2003                                                        09/01/2003
 $348,500.00                        07/22/2003                          $347,804.39                   REFINANCE
 CA                                 SINGLE FAMILY                       6                             STREAMLINE
                                                                        PRIMARY RESIDENCE
 92887                              77.44                                                             N
 685322679                          10/01/2003                          $2,900.03                     09/01/2003
                                                                        $483,218.47
 $483,700.00                        08/13/2003                                                        REFINANCE
 CA                                 SINGLE FAMILY                       6                             SELECT
 92602                              70                                  PRIMARY RESIDENCE             N

 685323487                          10/01/2003                          $2,070.39                     09/01/2003
 $350,000.00                        08/25/2003                          $349,643.15                   REFINANCE
                                                                        5.875
 NH                                 SINGLE FAMILY                                                     STANDARD
 03046                              81.68                               PRIMARY RESIDENCE             N
                                                                        $2,019.17
 685323832                          10/01/2003                                                        09/01/2003
 $346,000.00                        08/21/2003                          $345,638.75                   REFINANCE
 VA                                 PUD                                 5.75                          STANDARD
                                                                        PRIMARY RESIDENCE
 22066                              41.19                                                             N
 685323835                          10/01/2003                          $2,176.73                     09/01/2003
                                                                        $372,610.56
 $373,000.00                        08/20/2003                                                        REFINANCE
 NJ                                 SINGLE FAMILY                       5.75                          STANDARD
 07704                              67.82                               PRIMARY RESIDENCE             N

 685325431                          10/01/2003                          $2,917.87                     09/01/2003
 $500,000.00                        08/26/2003                          $499,477.96                   REFINANCE
                                                                        5.75
 NJ                                 SINGLE FAMILY                                                     STANDARD
 07670                              67.11                               PRIMARY RESIDENCE             N
                                                                        $2,728.62
 685325800                          10/01/2003                                                        09/01/2003
 $474,000.00                        08/19/2003                          $473,493.26                   REFINANCE
 MN                                 SINGLE FAMILY                       5.625                         SELECT
                                                                        PRIMARY RESIDENCE
 55317                              79.66                                                             N
 702025809                          09/01/2003                          $1,980.26                     09/01/2003
                                                                        $343,262.76
 $344,000.00                        07/14/2003                                                        PURCHASE
 CT                                 SINGLE FAMILY                       5.625                         STANDARD
 06333                              80                                  PRIMARY RESIDENCE             N
</TABLE>8 % Convertible Senior Subordinated Notes due October 15, 2010

                            MERCER INTERNATIONAL INC.

                               PURCHASE AGREEMENT
                               ------------------

                                October 6, 2003

RBC  DAIN  RAUSCHER  INC.
c/o  RBC  Capital  Markets
200  Bay  Street
Royal  Bank  Plaza
Toronto,  Ontario  M5J  2W7

Ladies  and  Gentlemen:

     Mercer  International  Inc.,  a business trust organized and existing under
the  laws  of  Washington  (the  "COMPANY"),  proposes, subject to the terms and
conditions  stated  herein,  to  issue  and  sell to RBC Dain Rauscher Inc. (the
"INITIAL  PURCHASER") $82,500,000 in aggregate principal amount of the Company's
8  %  Convertible  Senior Subordinated Notes due October 15, 2010 (the "NOTES").
The  Notes  are  to  be  issued pursuant to an indenture (the "INDENTURE") to be
entered  into  as of the Closing Date (hereinafter defined), between the Company
and  Wells  Fargo Bank Minnesota, N.A., as trustee (the "TRUSTEE"), on the terms
set  forth  therein.  The Notes will be convertible into the Company's shares of
beneficial  interest  (the  "CONVERSION  SHARES") par value $1.00 per share (the
"SHARES  OF  BENEFICIAL  INTEREST").

     The holders of the Notes will be entitled to the benefits of a registration
rights  agreement  to  be dated as of the Closing Date (the "REGISTRATION RIGHTS
AGREEMENT")  between the Company and the Initial Purchaser pursuant to which the
Company  agrees  to  file  with  the  Securities  and  Exchange  Commission (the
"COMMISSION")  a  shelf  registration  statement  pursuant  to  Rule  415 of the
Securities  Act  (as defined below) relating to the resale of such Notes and the
Shares  of  Beneficial Interest issuable upon conversion of the Notes by holders
thereof.  This  Agreement,  the Notes, the Indenture and the Registration Rights
Agreement  are  hereinafter sometimes referred to collectively as the "OPERATIVE
DOCUMENTS."

     The   Company   has   prepared   a  preliminary  offering  memorandum  (the
"PRELIMINARY  OFFERING  MEMORANDUM")   and  a  final  offering  memorandum  (the
"OFFERING MEMORANDUM")  (each  as amended and supplemented from time to time and
including  all  Incorporated  Documents (as defined below)), with respect to the
offering and sale  of the Notes (the "OFFERING") in the United States and in the
provinces  of British  Columbia,  Alberta,  Ontario  and  Quebec  (the  "PRIVATE
PLACEMENT PROVINCES") and in other countries  selected by the Initial Purchaser.
The Offering  Memorandum  used  in  connection with the offering and sale of the
Notes  in  the  Private  Placement  Provinces  will  include  certain additional
Information relating to  the Offering in Canada and legends and other prescribed
Disclosure (the  "WRAP  INFORMATION")  in

<PAGE>

accordance  with  applicable Canadian  securities  legislation  in  the  Private
Placement  Provinces  and the rules, regulations, instruments  and  orders under
such legislation (the "CANADIAN SECURITIES LAWS")  and,  for  purposes  of  this
Agreement, references to the "Offering Memorandum" shall  be  deemed to include,
in the case of the Offering in Canada, the Wrap Information.

     The Notes and the Shares of Beneficial Interest issuable upon conversion of
the Notes have not been registered under the Securities Act of 1933,  as amended
(the "SECURITIES  ACT"), and the  Notes  are being sold to the Initial Purchaser
in   reliance  on  exemptions  from  or  in  transactions  not  subject  to  the
registration requirements  of  the  Securities  Act.  The  Initial Purchaser has
advised the Company that it will make offers (the "EXEMPT RESALES") of the Notes
on the terms  and  conditions  set  forth  herein and in the Offering Memorandum
solely to (i) persons the Initial Purchaser reasonably believes to be "qualified
institutional buyers," ("QIBS") as defined in Rule 144A under the Securities Act
("RULE  144A")  and  (ii)  certain non-U.S. persons outside the United States in
reliance upon Regulation S under the Securities Act ("REGULATION S") and, in the
case of Regulation S offers and sales in a Private Placement Province, through a
dealer  registered in such Private Placement Province or under an exemption from
the  registered  dealer  requirement  under  the Canadian Securities Laws and in
accordance  with  exemptions from the prospectus requirements under the Canadian
Securities  Laws  as  set  out  in  the  Wrap  Information  (each,  an "OFFSHORE
INVESTOR").  The  QIBs  and  the Offshore Investors are collectively referred to
herein  as  the  "ELIGIBLE  PURCHASERS."

     As  used  herein,  the  term  "INCORPORATED  DOCUMENTS"  includes  (i)  the
Company's annual  report on  Form  10-K  for  the  year ended December 31, 2002,
(ii) its definitive  proxy statements on Schedule 14A filed with  the Commission
on August 11, 2003  and  September 23, 2003, (iii) its quarterly reports on Form
10-Q for the  periods ended  March 31, 2003  and June 30, 2003, (iv) its current
reports on Form  8-K  filed  with the  Commission  on  May 5, 2003, May 9, 2003,
May 13, 2003, May  13,  2003,  June  18, 2003,  July  17,  2003, August 7, 2003,
August 11, 2003, August  14,  2003,  September 12,  2003 and September 16, 2003,
(v) its current report  on  Form  8-K/A  filed  with the Commission on August 7,
2003,  (vi)  any  future  filings  (but  excluding  information furnished to the
Commission pursuant to  Item  9  or Item 12 of Form 8-K) the Company makes  with
the Commission under  Section  13(a),  13(c),  14  or  15(d)  of  the Securities
Exchange Act of 1934, as amended (the "EXCHANGE ACT"),  during the  period  from
the date of the Preliminary Offering  Memorandum until all the Notes are sold by
the Initial Purchaser, and (vii)  any  amendments or supplements  to  any of the
foregoing.

     1.     Representations  and  Warranties  of  the  Company.  The  Company
            --------------------------------------------------
represents  and  warrants  to,  and  agrees  with,  the  Initial Purchaser that:

     (a)  The  Preliminary Offering Memorandum, as of its date, and the Offering
Memorandum  as  of  its  date  and  as  of  the  Closing Date, will not, and any
supplement or amendment will not, contain an untrue statement of a material fact
or  omit  to state a material fact required to be stated therein or necessary in
order  to  make  the statements therein, in the light of the circumstances under
which  they were made, not misleading. The representations and warranties in the
preceding sentence do not apply to statements or omissions made in reliance upon
and  in  conformity  with information furnished in writing to the Company by the
Initial

                                        2

<PAGE>

Purchaser and its affiliates  specifically for use therein, it being  understood
and  agreed that the only such information is that described as such in  Section
7(b)  hereof.

     (b) The Incorporated Documents, at the time they were or are filed with the
Commission,  conformed  and  will  conform  in  all  material  respects with the
requirements of the Exchange Act and the rules and regulations of the Commission
thereunder, including the filing of all exhibits required to be filed therewith.

     (c)  The  Company  has  been  duly  organized  and is validly existing as a
Massachusetts  business  trust  in  good standing under the laws of the State of
Washington  with power and authority (corporate and other) to own its properties
and  conduct  its  business  as  described  in  the Offering Memorandum; and the
Company  is  duly  qualified to do business and is in good standing as a foreign
corporation  in  each  jurisdiction  in  which  the character or location of its
properties  (owned, leased or licensed) or the nature or conduct of its business
makes such qualification necessary, except for those failures to be so qualified
or  in  good  standing  which  will not in the aggregate have a material adverse
effect  on  the  condition  (financial  or  otherwise),  results  of operations,
business,  properties  or  the construction, development or planned operation of
the  Stendal  Mill  or  of  the Company and its subsidiaries taken as a whole (a
"MATERIAL  ADVERSE  EFFECT");  all  of  the  issued  and  outstanding  Shares of
Beneficial  Interest of the Company have been duly authorized and validly issued
and  are  fully  paid  and  nonassessable.

     (d)  Each subsidiary of the Company has been duly incorporated or organized
and  is  an  existing  corporation,  partnership  or limited partnership in good
standing  under  the  laws  of  the  jurisdiction  of  its  incorporation  or
organization,  with  power  and  authority  (corporate  and  other)  to  own its
properties and conduct its business as described in the Offering Memorandum; and
each  subsidiary  of  the  Company is duly qualified to do business as a foreign
corporation  in  good standing in all other jurisdictions in which its ownership
or lease of property or the conduct of its business requires such qualification,
except to the extent that the failure to be so qualified would not, individually
or  in  the  aggregate,  have  a  Material Adverse Effect; all of the issued and
outstanding  capital  stock  of  each  subsidiary  of  the Company has been duly
authorized  and  validly  issued  and  is  fully paid and nonassessable; and the
capital  stock  of  each  subsidiary  owned  by the Company, directly or through
subsidiaries,  is  owned  free  from liens, encumbrances and defects, other than
liens  and encumbrances granted pursuant to the terms of the "Bridge Loans", the
"Stendal  Loan Facility" and/or the "Rosenthal Loan Facility" (as such terms are
defined  in  the  Offering  Memorandum).

     (e) Except as described in the Offering Memorandum, since the date on which
information  is given in the Offering Memorandum, (i) there has been no material
adverse  change  or  any  development  involving  a prospective material adverse
change  in  the  business,  properties,  operations,  condition  (financial  or
otherwise)  or  results  of  operations,  assets, liabilities, properties or the
construction,  development  or  planned  operation  of  the  Stendal Mill of the
Company  and  its  subsidiaries  taken  as  a whole, whether or not arising from
transactions  in the ordinary course of business, and since the respective dates
as  of  which information is given in the Offering Memorandum ("Material Adverse
Change"),  (ii)  neither the Company nor any of its subsidiaries has incurred or
undertaken  any material liabilities or obligations, direct or contingent, other
than as incurred under the "Stendal Loan Facility", or entered into any material
transactions,  or  (iii) declared or paid any dividends or made any distribution
of  any  kind  with

                                        3

<PAGE>

respect to its capital stock and, except as described in the Offering Memorandum
there has not been any change in the capital stock, or any  material  change  in
the short-term  or  long-term  debt,  or  any  issuance  of  options,  warrants,
convertible securities or other rights to purchase the  capital  stock,  of  the
Company  or  any  of  its  subsidiaries,.

     (f)  This Agreement and the transactions contemplated herein have been duly
authorized  by  the  Company,  and  this  Agreement  has  been duly executed and
delivered  by  the  Company.

     (g)  The  Indenture has been duly authorized by the Company, and, when duly
executed  and  delivered  by  the  Company  and  duly  authorized,  executed and
delivered  by the Trustee, will constitute a legal, valid and binding obligation
of  the  Company,  enforceable against the Company in accordance with its terms,
subject to applicable bankruptcy, insolvency, fraudulent conveyance, moratorium,
reorganization  or similar laws relating to or affecting the rights of creditors
generally  and  subject  to  general  principles  of  equity.

     (h)  The authorized issued and outstanding Shares of Beneficial Interest of
the  Company  are as set forth in the Offering Memorandum in the column entitled
"June  30,  2003  -  Actual"  under  the  caption  "Capitalization"  (except for
subsequent  issuances  pursuant  to  this Agreement or pursuant to reservations,
agreements  or  option  plans  described  in  the  Offering  Memorandum  or  the
Incorporated  Documents)  and  have been duly and validly authorized and issued,
are fully paid and non-assessable and were not issued in violation of or subject
to  any  preemptive or similar rights that entitle or will entitle any person to
acquire  any Shares of Beneficial Interest from the Company upon issuance by the
Company  of  the  Conversion Shares upon conversion of the Notes; the Conversion
Shares  to  be issued upon conversion of the Notes have been duly authorized and
reserved  for issuance upon such conversion and when issued upon such conversion
by the Company in accordance with the terms of the Notes and the Indenture, will
be  validly  issued,  fully  paid  and non-assessable, and will not be issued in
violation of or subject to any preemptive or similar rights that entitle or will
entitle any person to acquire any Shares of Beneficial Interest from the Company
upon  such  issuance  of  the  Conversion  Shares  by  the  Company.

     (i)  The  Notes  have  been duly authorized by the Company for issuance and
sale  to  the  Initial Purchaser pursuant to this Agreement, and when issued and
authenticated  in  accordance  with  the  terms  of  the Indenture and delivered
against  payment  therefor  in  accordance  with  the  terms thereof and hereof,
assuming  the  due authorization, execution and delivery of the Indenture by the
Trustee,  will  be  a  legal,  valid  and  binding  obligation  of  the Company,
enforceable  against  the Company in accordance with their terms and entitled to
the  benefits  of  the  Indenture, subject to applicable bankruptcy, insolvency,
fraudulent conveyance, moratorium, reorganization or similar laws relating to or
affecting the rights of creditors generally and subject to general principles of
equity. The Notes and the Indenture will conform in all material respects to the
descriptions  thereof  contained  in  the  Offering  Memorandum.

     (j)  The  Registration  Rights  Agreement  has  been duly authorized by the
Company, and, assuming due execution and delivery by the Initial Purchaser, when
executed  and  delivered  by  the  Company,  will  be a legal, valid and binding
obligation  of  the  Company, enforceable against the Company in accordance with
its  terms,  subject  to  applicable  bankruptcy,

                                        4

<PAGE>

insolvency, fraudulent conveyance, moratorium,  reorganization or  similar  laws
affecting the rights of creditors generally and subject to general principles of
equity.  The  Registration  Rights  Agreement   will  conform  in  all  material
respects to the description thereof contained  in  the  Offering  Memorandum.

     (k) The execution, delivery, and performance of the Operative Documents and
the  consummation  of  the transactions contemplated therein, including, without
limitation,  the  issuance  and  delivery  of  the  Conversion  Shares  upon due
conversion  of  the  Notes  in  accordance  with  the terms of the Notes and the
Indenture,  do  not  and  will  not  (i) as at the Closing Date and assuming the
application  of  funds  as  set  forth  in  the "Use of Proceeds" section of the
Offering  Memorandum conflict with or result in a breach of any of the terms and
provisions  of,  or constitute a default (or an event which with notice or lapse
of  time,  or both, would constitute a default) under, or result in the creation
or  imposition of any lien, charge or encumbrance upon any property or assets of
the  Company  or  any  of its subsidiaries pursuant to, any indenture, mortgage,
deed of trust, loan agreement or other agreement, instrument, franchise, license
or permit to which the Company or any of its subsidiaries is a party or by which
the  Company or any of its subsidiaries or their respective properties or assets
may  be  bound or (ii) violate or conflict with any provision of the Declaration
of  Trust  or  by-laws of the Company or any of the governing instruments of its
subsidiaries  or  (iii)  violate  or  conflict with any judgment, decree, order,
statute,  rule  or  regulation  of  any  court  or  any  public, governmental or
regulatory  agency  or  body  having jurisdiction over the Company or any of its
subsidiaries  or  any  of  their  respective  properties  or  assets.

     (l)  No  consent,  approval,  authorization,  order,  registration, filing,
qualification,  license  or  permit  of  or  with  any  court  or  any  public,
governmental  or  regulatory agency or body having jurisdiction over the Company
or  any  of  its subsidiaries or any of their respective properties or assets is
required  for the execution, delivery and performance of the Operative Documents
or the consummation of the transactions contemplated therein, including, without
limitation,  the issuance, sale and delivery of the Notes to be issued, sold and
delivered  by  the  Company  hereunder  and  the  issuance  and  delivery of the
Conversion  Shares upon due conversion of the Notes in accordance with the terms
of  the  Notes,  except  the  filing  of  (i)  the  Offering Memorandum and Wrap
Information  with the Ontario Securities Commission, (ii) reports of trades made
in  the  relevant  jurisdiction  and  any  required  fees,  with  the securities
commission  or  similar regulatory authority in the applicable Private Placement
Provinces  (the  "CANADIAN  COMMISSIONS"),  (iii)  a  certificate  prepared  in
accordance  with  Policy  Statement  41-601Q  of  the  Commission  des  valeurs
mobilieres  du  Quebec,  and (iv) if required, a private placement questionnaire
and  undertaking  by each Canadian purchaser of the Notes in the prescribed form
with  the  Toronto Stock Exchange (the "TSX"), and (v) such consents, approvals,
authorizations,  orders,  registrations,  filings,  qualifications, licenses and
permits  as  may  be required (A) under state securities or blue sky laws or the
laws  of  countries  outside the U.S. and Canada in connection with the purchase
and  distribution  of  the  Notes  by  the  Initial  Purchaser  in  the  manner
contemplated herein and in the Offering Memorandum or (B) in connection with the
Company's  obligations  under  the  Registration Rights Agreement, including the
qualification  of  the  Indenture  under  the  Trust  Indenture  Act.

     (m)  Except  as  disclosed  in  the Offering Memorandum or the Incorporated
Documents,  or  as would not have a Material Adverse Effect, each of the Company
and  its

                                        5

<PAGE>

significant subsidiaries (i) possesses the permits, licenses, consents and other
authorizations  all  grants,  subsidies,  guarantees,  consents,  approvals  and
other  authorizations  from  appropriate  German government agencies ("STATE AID
GRANTS")  (collectively,  the "GOVERNMENT LICENSES") issued by, and has made all
filings  with,  the  appropriate regulatory entities necessary to own, lease and
operate its properties and to conduct businesses now operated or, in the case of
the plant under construction in Stendal, Germany, proposed to be operated by it,
and  (ii)  all  such Government Licenses are valid and in full force and effect.
Except  as  will be described in the Offering Memorandum, or as would not have a
Material  Adverse  Effect:  (i)  each  of  the  Company  and  its  significant
subsidiaries  is  in  compliance  with  the  terms  and  conditions  of all such
Government  Licenses;  (ii)  neither the Company nor any subsidiary has received
any  notice  from any regulatory entity that allows, or after notice or lapse of
time or both, would allow revocation, modification, suspension or termination of
any  Government  License  including  any claim against the Company or any of the
subsidiaries  for  repayment  of  any benefit received under State Aid Grants or
would result in any other material impairment of the rights of the holder of any
such  Government  License;  and  (iii)  to  the knowledge of the Company and its
subsidiaries,  no  regulatory  entity  is  considering  limiting,  suspending or
revoking  any  Government  License  or  is investigating any of them, other than
ordinary  course  administrative  and  covenant  compliance  reviews.

     (n)  Except  as  disclosed  in  the Offering Memorandum or the Incorporated
Documents,  there is no legal or governmental proceeding to which the Company or
any  of  its subsidiaries is a party, or of which any property of the Company or
any of its subsidiaries is the subject which, singularly or in the aggregate, if
determined adversely to the Company or any of its subsidiaries, would reasonably
be  expected  to  have  a  Material  Adverse Effect, and to the knowledge of the
Company,  no  such  proceeding  is  threatened  or  contemplated by governmental
authorities  or  threatened  or  contemplated  by  others.

     (o)  Neither  the  Company nor any of its affiliates has taken prior to the
date  of this Agreement, directly or indirectly, any action designed to cause or
result  in,  or  which  constitutes  or  which  might  reasonably be expected to
constitute,  the  stabilization  or manipulation of the price of any security of
the  Company  or any of its subsidiaries to facilitate the sale or resale of the
Notes.

     (p)  Peterson  Sullivan P.L.L.C., who have audited the financial statements
and  supporting  schedules  as  set  forth  or  incorporated by reference in the
Offering  Memorandum,  are,  to  the  Company's  knowledge,  independent  public
accountants  as  required by the Securities Act and the rules and regulations of
the Commission promulgated thereunder (the "RULES AND REGULATIONS"), and are not
and  have not engaged in any non-audit activities that are prohibited by Section
201(a)  of  the  Sarbanes-Oxley  Act  of  2002.

     (q)  Deloitte  & Touche LLP, who have performed the procedures specified by
the American Institute of Certified Public Accountants as described in Statement
of  Accounting  Standard No. 100 with respect to the six month period ended June
30,  2003  as set forth or incorporated by reference in the Offering Memorandum,
are,  to  the Company's knowledge, independent public accountants as required by
the  Securities  Act  and  the  Rules  and Regulations, and are not and have not
engaged in any non-audit activities that are prohibited by Section 201(a) of the
Sarbanes-Oxley  Act  of  2002.

                                        6

<PAGE>

     (r)  The  financial statements, including the notes thereto, and supporting
schedules  as  set forth or incorporated by reference in the Offering Memorandum
present  fairly  in  all material respects the financial position and results of
operations  of the Company and its consolidated subsidiaries and as of the dates
indicated  and  for  the  periods  specified;  except as otherwise stated in the
Offering  Memorandum, such financial statements have been prepared in conformity
with  United  States  generally  accepted  accounting  principles  applied  on a
consistent  basis  throughout  the  periods  involved.

     (s) Except as disclosed in the Offering Memorandum, no holder of securities
of  the  Company has any rights to the registration of securities of the Company
as  a  result of the execution of the Operative Documents or the consummation of
the  transactions  contemplated therein (other than pursuant to the Registration
Rights  Agreement),  and  any  such  rights  so disclosed have either been fully
complied  with  by  the  Company  or  effectively waived by the holders thereof.

     (t) Except as disclosed in the Offering Memorandum, no relationship, direct
or  indirect,  exists between or among the Company or any of its subsidiaries on
the  one hand, and the trustees, directors, officers, stockholders, customers or
suppliers  of  the  Company  or  any of its subsidiaries on the other hand, that
would  be  required  by  the  Securities  Act  to  be  described in the Offering
Memorandum  if  the  Offering  Memorandum  were  a  prospectus  included  in  a
registration  statement  on  Form  S-1  filed  with  the  Commission.

     (u) The Company is not, and after giving effect to the offering and sale of
the  Notes will not be, an "investment company" under the Investment Company Act
of  1940,  as  amended.

     (v)  The  Company and its significant subsidiaries have good and marketable
title  in  fee  simple  to  all  real  property  owned  by  the  Company and its
significant  subsidiaries  and  have  good  and marketable title to all personal
property  owned  by them, in each case free and clear of all liens, encumbrances
and defects, except such as: (i) are described in the Offering Memorandum or the
Incorporated  Documents; or (ii) would not singularly or in the aggregate result
in  a  Material  Adverse  Effect; and any real property and buildings held under
lease  by  the  Company  or any of its significant subsidiaries are held by them
under  valid,  subsisting and enforceable leases with such exceptions as are not
material  to  the  Company  and  its  subsidiaries  taken as a whole, and do not
materially interfere with the ongoing use made of such property and buildings by
the  Company  and  its  significant  subsidiaries.

     (w)  Except  as  would  not have a Material Adverse Effect, the Company and
each  of  its significant subsidiaries have accurately prepared and timely filed
all  federal,  state,  provincial  and other tax returns that are required to be
filed  by  it  and  has  paid  or  made  provision for the payment of all taxes,
assessments,  governmental  or  other  similar  charges,  including  without
limitation,  all  sales and use taxes and all taxes that the Company and each of
its  subsidiaries  is  obligated  to  withhold  from amounts owing to employees,
creditors  and  third  parties,  with respect to the periods covered by such tax
returns (whether or not such amounts are shown as due on any tax return). Except
as  would  not  have  a  Material  Adverse Effect, no deficiency assessment with
respect  to  a  proposed adjustment of the Company's or any of its subsidiaries'
federal, state, provincial or other taxes is pending or, to the knowledge of the

                                        7

<PAGE>

Company,  threatened.  There  is  no  tax  lien, whether imposed by any federal,
state,  provincial  or  other  taxing authority, outstanding against the assets,
properties  or  business  of the Company or any of its significant subsidiaries.

     (x)  Each  of the Company and its subsidiaries (i) makes and keeps accurate
books  and  records and (ii) maintains internal accounting controls that provide
reasonable  assurance  that  (A)  transactions  are  executed in accordance with
management's authorization, (B) transactions are recorded as necessary to permit
preparation  of  its financial statements and to maintain accountability for its
assets,  (C)  access  to  its  assets  is  permitted  only  in  accordance  with
management's  authorization,  direction  or  policies  and  (D)  the  reported
accountability  for  its  assets  is compared with existing assets at reasonable
intervals.  Since  December  31,  2002,  neither  the  Company  nor  any  of its
subsidiaries  has  made  any  change  in  its  internal  controls  that would be
reportable  in  any  filing  under  the  Exchange  Act  pursuant  to Item 307 of
Regulation  S-K.  The  Company  maintains disclosure controls and procedures (as
defined  in  Rule  13a-14  under  the  Exchange  Act)  sufficient to ensure that
information required to be disclosed by the Company in the reports that it files
or  submits  under  the  Exchange  Act,  is  recorded, processed, summarized and
reported, within the time periods specified in the Commission's rules and forms.

     (y)  The  Company  has adopted a written code of ethics that applies to its
principal  executive  officer, principal financial officer, principal accounting
officer  or  controller  or  persons  performing  similar  functions.  Since the
adoption  of  its  code  of ethics, the Company has not made any amendment to or
granted  any  waiver  thereunder.

     (z)  The  Shares  of Beneficial Interest are registered pursuant to Section
12(g)  of  the  Exchange  Act  and are quoted on the Nasdaq National Market (the
"NASDAQ  NATIONAL  MARKET")  and posted and listed for trading on the TSX. On or
before  the Closing Time, the Conversion Shares will be authorized for quotation
on  the Nasdaq National Market and conditionally approved for listing on the TSX
subject  only  to  the filing of certain documents, and the Company has taken no
action  designed  to,  or  likely  to  have  the  effect  of,  terminating  the
registration  of  the  Shares  of  Beneficial Interest under the Exchange Act or
de-listing  the Shares of Beneficial Interest from the Nasdaq National Market or
the  TSX, nor has the Company received any notification that the Commission, the
Nasdaq National Market or the TSX is contemplating terminating such registration
or  listing.

     (aa)  The  Company  is  a  reporting  issuer,  or its equivalent, under the
securities  laws  of  British  Columbia,  Alberta, Ontario and Quebec, is not in
default  of any applicable Canadian Securities Laws, is not included in the list
of  defaulting  reporting  issuers  maintained  by  any of the relevant Canadian
Commissions,  and is, and will at the Closing Date be, a "qualifying issuer" for
the  purposes  of  Multilateral  Instrument  45-102  of  the Canadian Securities
Administrators  and  corresponding  provisions  of  Canadian  Securities  Laws
applicable  in  the  Province  of  Quebec.

     (bb)     Neither  the  Company  nor  any  of  its  subsidiaries  (i)  is in
violation  of  its  charter  or  by-laws,  (ii)  is in default (and no event has
occurred  which,  with  notice or lapse of time or both, would constitute such a
default)  under,  or result in the creation or imposition of any lien, charge or
encumbrance  upon  any  property  or  assets  of  the  Company  or  any  of  its
subsidiaries pursuant to, any indenture, mortgage, deed of trust, loan agreement
or  other

                                        8

<PAGE>

agreement  or  instrument  to  which it is a party or by which it is bound or to
which  any of its property or assets is subject, or (iii) except as disclosed in
the  Offering  Memorandum  or  Incorporated  Documents,  is  in violation in any
respect of any statute or any judgment, decree, order, rule or regulation of any
court  or governmental or regulatory agency or body having jurisdiction over the
Company  or any of its subsidiaries or any of their properties or assets, except
in the case of (i), (ii) and (iii) above any violation or default that would not
have  a  Material  Adverse  Effect.  Without  limitation  of  the foregoing, the
Company's  subsidiaries are in material compliance with all covenants applicable
to  them  in the Stendal Project Facility and the Rosenthal Facility (as defined
in  the  Offering  Memorandum).

     (cc)  Except  as described in the Offering Memorandum, no labor disturbance
with  the  employees of the Company or any of its subsidiaries exists or, to the
knowledge  of the Company, is imminent that would reasonably be expected to have
a  Material  Adverse  Effect.

     (dd)  The  Company  and  each of its significant subsidiaries carry, or are
covered  by,  insurance  in  such  amounts  and  covering  such  risks as in the
Company's  reasonable  determination  is  adequate  for  the  conduct  of  their
respective  businesses  and  the  value  of  their  respective  properties.

     (ee)  The  Company does not maintain, contribute to, or have any obligation
to contribute to, and has never maintained, contributed to or had any obligation
to  contribute  to,  any  "employee pension benefit plan" (as defined in Section
3(2)  of  the  Employee  Retirement  Income  Security  Act  of 1974, as amended,
including  the  regulations and published interpretations thereunder ("ERISA")),
which  is  subject  to  Title IV of ERISA or Section 412 of the Internal Revenue
Code  of  1986.

     (ff)  Except  as  disclosed  in the Offering Memorandum or the Incorporated
Documents  and  except as would not, singularly or in the aggregate, result in a
Material  Adverse  Effect,  (i)  there  has  been  no  storage,  generation,
transportation,  handling,  treatment,  disposal,  discharge, emission, or other
release  of  any kind of toxic or other wastes or other hazardous substances by,
due  to,  or  caused  by  the Company (or, to the Company's knowledge, any other
entity  for  whose  acts  or omissions the Company is or may be liable) upon any
other  property  now  or previously owned or leased by the Company or any of its
subsidiaries,  or  upon  any  other property, in violation of any statute or any
ordinance,  rule,  regulation, order, judgment, decree or permit or which would,
under  any  statute  or  any  ordinance,  rule  (including  rule of common law),
regulation,  order,  judgment, decree or permit, give rise to any liability, and
(ii)  there  has  been  no disposal, discharge, emission or other release of any
kind onto such property or into the environment surrounding such property of any
toxic  or  other  wastes or other hazardous substances with respect to which the
Company  or  any  of  its  subsidiaries  has  knowledge.

     (gg)     The  Company, its subsidiaries or any other person associated with
or  acting  on  behalf  of  the  Company  or its subsidiaries including, without
limitation,  any trustee, director, officer, agent or employee of the Company or
its subsidiaries, has not, directly or indirectly, while acting on behalf of the
Company  or  its  subsidiaries  (i)  used  any  corporate  funds  for  unlawful
contributions,  gifts,  entertainment  or  other  unlawful  expenses relating to
political  activity;  (ii)  made  any  unlawful  payment  to foreign or domestic
government officials or employees or to foreign or domestic political parties or
campaigns  from  corporate  funds;  (iii)

                                        9

<PAGE>

violated  or  is  in violation of any provision of the Foreign Corrupt Practices
Act  of  1977,  as  amended;  or  (iv)  made  any  other  unlawful  payment.

     (hh)  The  statistical  and market-related data included or incorporated by
reference  in  the Offering Memorandum are based on or derived from sources that
the  Company  reasonably  believes  to  be  reliable  and  accurate.

     (ii)  None  of  the  Company  or  any of its affiliates (as defined in Rule
501(b)  under  the  Securities Act) or any person acting on such person's behalf
(other  than  the  Initial  Purchaser  and  its  affiliates,  as  to  whom  no
representation  is  made) has sold, offered for sale, solicited offers to buy or
otherwise  negotiated in respect of any security (as such term is defined in the
Securities  Act)  that is or would be integrated with the sale of the Notes in a
manner  that  would  require  registration  under  the  Securities  Act.

     (jj)  When  the  Notes are issued and delivered pursuant to this Agreement,
the Notes will not be of the same class (within the meaning of Rule 144A) as any
securities  of  the  Company  which are listed on a national securities exchange
registered  under  Section  6  of  the Exchange Act or quoted in a United States
automated  inter-dealer  quotation  system.

     (kk)  The Company is subject to Section 13 or Section 15(d) of the Exchange
Act  and  is  in  compliance  with  the  provisions  of  such  Section.

     (ll) Assuming compliance by the Initial Purchaser with its representations,
warranties  and  covenants  set  forth  herein,  the  compliance  by the Initial
Purchaser  with  the offering and transfer procedures and restrictions described
in  the  Offering Memorandum, the accuracy of the representations and warranties
made by the purchasers to whom the Initial Purchaser resells Notes in accordance
with  the  Offering  Memorandum and the condition that any subsequent purchasers
receive  a  copy  of the Offering Memorandum prior to such sale, no registration
under  the  Securities  Act  of  the  Notes  and  no  filing  of a prospectus in
accordance  with the Canadian Securities Laws to qualify the distribution of the
Notes  is  required  for  the  sale  of  the  Notes  to the Initial Purchaser as
contemplated  hereby and in the Offering Memorandum or for the Exempt Resales or
to  qualify  the Indenture under the Trust Indenture Act of 1939, as amended. No
form  of general solicitation or general advertising (as those terms are defined
in Regulation D under the Securities Act) has been used by the Company or any of
its  affiliates  or  any  person  acting on such person's behalf (other than the
Initial  Purchaser  and its affiliates, as to whom no representation is made) in
connection  with  the  offer  and  sale  of  any  of  the  Notes.

     (mm) The Offering Memorandum and Wrap Information, as of its date, and each
amendment  or  supplement  thereto, as of its date, will contain the information
specified  in,  and  will  meet  the  requirements  of  the  applicable Canadian
Securities  Laws.

     (nn)  None  of the Company or any of its affiliates or any person acting on
such person's behalf (other than the Initial Purchaser and its affiliates, as to
whom  no  representation  is  made)  has  engaged or will engage in any directed
selling  efforts  within  the meaning of Regulation S with respect to the Notes.

     (oo) The Company and its affiliates and all persons acting on such person's
behalf  (other  than  the  Initial  Purchaser  and its affiliates, as to whom no
representation  is  made)

                                       10

<PAGE>

have  complied  with and will comply with the offering restrictions requirements
of  Regulation S in connection with the offering of the Notes outside the United
States.

     (pp) Each of the Notes and the Conversion Shares will bear the legends (and
such  other  legends  as may be required under the Indenture) provided for under
"Notice  to Investors" in the Offering Memorandum, and each of the Notes and the
Conversion  Shares offered and sold in the Private Placement Provinces will bear
the  legend  set  forth  under "Resale Restrictions" in the Wrap Information, in
each  case,  for  the  time  period  and  upon  the  other terms stated therein.

     (qq) None of the execution, delivery and performance of this Agreement, the
issuance  and  sale  of  the  Notes,  the  application  of the proceeds from the
issuance  and  sale  of  the  Notes  and  the  consummation  of the transactions
contemplated  hereby  and  thereby as set forth in the Offering Memorandum, will
violate  Regulations  T,  U  or  X  promulgated by the Board of Governors of the
Federal  Reserve  System  or  analogous  foreign  laws  and  regulations.

     (rr)  Except  as  disclosed  in  the  Offering  Memorandum,  there  are  no
contracts,  agreements or understandings between the Company and any person that
would  give  rise  to a valid claim against the Company or the Initial Purchaser
for  a  brokerage  commission,  finder's fee or other like payment in connection
with  the  sale  of  the  Notes.

     (ss) The Company held a special meeting of shareholders on October 3, 2003,
such meeting was duly noticed and at such meeting the Company obtained requisite
shareholder  approval  of the issuance of the Notes and the Conversion Shares as
set  forth in the Company's Definitive Proxy Statement dated September 23, 2003.

     (tt) As of the Closing Date, the purchase by any shareholder of the Company
who owns less than 15% of the outstanding Shares of Beneficial Interest of a pro
rata  share  of  the  Notes  being  sold  in  the Offering will not constitute a
"Triggering  Event"  under  the  Company's  Rights  Plan  as  amended.

     (uu) The Company and its affiliates and all persons acting on such person's
behalf  (other  than  the  Initial  Purchaser  and its affiliates, as to whom no
representation is made), have complied with and will comply to the best of their
knowledge  with  the  provisions  of  the paragraph "Plan of Distribution - Sale
Restrictions"  in  the  Offering  Memorandum

     2.     Purchase,  Sale  and  Delivery  of  the  Notes.
            ----------------------------------------------
     (a)  On  the  basis  of  the  representations,  warranties,  covenants  and
agreements  herein contained, but subject to the terms and conditions herein set
forth,  the  Company  agrees  to  sell  to the Initial Purchaser and the Initial
Purchaser  agrees  to  purchase  from the Company all of the Notes at a purchase
price of 95.912% of the principal amount thereof, plus accrued interest, if any.

     (b)  Payment  of the purchase price for, and delivery of the Notes shall be
made  at  the  office  of  Sangra Moller, 1000 Cathedral Place, 925 West Georgia
Street,  Vancouver  BC  V62 3L2, or at such other place as may be agreed upon by
you  and  the Company, at 7:00 A.M., Vancouver time, on October 10, 2003 (unless
postponed  in  accordance  with  the  provisions of

                                       11

<PAGE>

Section  9 hereof) or at such other time and date as shall be agreed upon by you
and  the Company (such time and date of payment and delivery being herein called
the  "CLOSING  DATE").

     The  Notes to be delivered to you shall be registered in the form of one or
more  permanent  global  notes in definitive form (the "GLOBAL NOTES") deposited
with  the  Trustee  as  custodian  for  The Depository Trust Company ("DTC") and
registered  in  the  name  of  Cede & Co., as nominee for DTC.  Interests in any
permanent  global Notes will be held only in book-entry form through DTC, except
in  the limited circumstances described in the Offering Memorandum.  The Company
will permit you to examine the Global Notes at least one full business day prior
to  the  Closing  Date.

     (c)  Payment  of  the  purchase  price  for  the Notes shall be made to the
Company  by  wire transfer of immediately available (same day) funds to the bank
account  designated  by  the Company on the Closing Date against delivery of the
Global  Notes  to  the  Initial  Purchaser  through  the  facilities  of  DTC.

     3.     Representations,  Warranties and Covenants of the Initial Purchaser.
            -------------------------------------------------------------------
The  Initial  Purchaser represents and warrants to, and agrees with, the Company
that:

     (a)  The  Initial  Purchaser  is  a  QIB.

     (b) The Initial Purchaser (A) is not acquiring the Notes with a view to any
distribution  thereof  that  would  violate the Securities Act or the securities
laws  of  any state of the United States, the Private Placement Provinces or any
other applicable jurisdiction and (B) will be reoffering and reselling the Notes
only  to those it reasonably believes to be QIBs in reliance on Rule 144A and in
certain  offshore  transactions in reliance upon Regulation S, including, in the
case  of offers and sales in the Private Placement Provinces, in accordance with
exemptions  from  the prospectus requirements under the Canadian Securities Laws
as  set  out  in  the  Wrap  Information.

     (c)  No form of general solicitation or general advertising (as those terms
are  defined  in Regulation D under the Securities Act) has been or will be used
by  the  Initial  Purchaser or any of its representatives in connection with the
offer  and  sale  of  any of the Notes, including, but not limited to, articles,
notices  or other communications published in any newspaper, magazine or similar
medium  or  broadcast  over television or radio, or any seminar or meeting whose
attendees  have been invited by any general solicitation or general advertising.

     (d)  The  Initial  Purchaser  agrees  that,  in  connection with the Exempt
Resales,  it  will  solicit offers to buy the Notes only from, and will offer to
sell  the  Notes  only  to,  Eligible  Purchasers. The Initial Purchaser further
acknowledges  and  agrees  that  such  Eligible Purchasers shall acknowledge and
agree  (or be deemed to acknowledge and agree) that (A) such Notes will not have
been  registered  under  the  Securities  Act, will not have been qualified by a
prospectus  filed  under applicable Canadian Securities Laws and may be offered,
resold,  pledged  or  otherwise transferred only (I) to a person whom the seller
reasonably  believes  is a QIB purchasing for its own account or for the account
of  a  QIB  in  a  transaction meeting the requirements of Rule 144A, (II) in an
offshore  transaction  complying  with  Rule  903  or 904 of Regulation S of the
Securities  Act,  subject  to  clause  (y) below, (III) pursuant to an exemption

                                       12

<PAGE>

from  registration under the Securities Act provided by Rule 144 (if available),
or  (IV)  pursuant  to  an effective registration statement under the Securities
Act,  (x)  in  each  of cases (I) through (IV) in accordance with any applicable
securities laws of any state of the United States or any jurisdiction outside of
the  U.S.  and  Canada, and (y) in the case of such a transaction in the Private
Placement  Provinces  or to or for the account or benefit of a Canadian resident
through the services of a dealer registered in the purchaser's province or under
an  exemption  from  the  registered  dealer  requirement  under  the  Canadian
Securities Laws and pursuant to an exemption from the prospectus requirements of
applicable Canadian Securities Laws, (B) such person shall not engage in hedging
transactions  with  regard  to  the  Notes and the Shares of Beneficial Interest
issuable  upon  conversion of the Notes unless in Compliance with the Securities
Act;  and  (C)  the  purchaser  will, and each subsequent holder is required to,
notify  any purchaser of the Notes of the resale restrictions referred to in (A)
and  (B)  above.

     (e)  The  Initial Purchaser and its affiliates or any person acting on such
person's  behalf  have  not  engaged and will not engage in any directed selling
efforts  within  the  meaning  of  Regulation  S  with  respect  to  the  Notes.

     (f)  The  Initial Purchaser agrees that it has not offered or sold and will
not  offer  or  sell the Notes in the United States or to, or for the benefit or
account  of,  a U.S. Person (other than a distributor), in each case, as defined
in Rule 902 under the Securities Act (i) as part of its distribution at any time
and  (ii)  otherwise  until  one year after the later of the commencement of the
offering  of  the  Notes  pursuant  hereto  and  the Closing Date, other than in
accordance  with  Regulation  S  or  another  exemption  from  the  registration
requirements  of  the  Securities Act. The Initial Purchaser agrees that, during
such  one-year  distribution  compliance  period,  it  will  not  cause  any
advertisement  with  respect  to  the  Notes  (including  any  "tombstone"
advertisement)  to  be published in any newspaper or periodical or posted in any
public  place and will not issue any circular relating to the Notes, except such
advertisements  as  are  permitted  by  and  include  the statements required by
Regulation  S.

     (g)  The  Initial  Purchaser  will  deliver at or prior to the sale to each
purchaser  of  the  Notes  from  such  Initial  Purchaser in connection with its
initial  distribution  of  the  Notes,  whether by mail, delivery, electronic or
other  means,  a copy of the Offering Memorandum, as amended and supplemented at
the  date  of  such  delivery.

     (h)  The  Initial  Purchaser  agrees that, at or prior to confirmation of a
sale of the Notes by it to any distributor, dealer or person receiving a selling
concession,  fee  or  other  remuneration  during  the  one-year  distribution
compliance  period  referred  to  in Rule 903(b)(3) under the Securities Act, it
will  send to such distributor, dealer or person receiving a selling concession,
fee  or  other  remuneration  a  confirmation  or  notice  to  substantially the
following  effect:

     "The  Notes  covered  hereby  have  not  been  registered  under  the  U.S.
     Securities  Act  of 1933, as amended (the "SECURITIES ACT"), and may not be
     offered  and  sold  within  the  United States or to, or for the account or
     benefit  of,  U.S.  persons (i) as part of your distribution at any time or
     (ii)  otherwise  until  one year after the later of the commencement of the
     Offering  and  the  Closing  Date, except in either case in accordance with
     Regulation  S  under  the  Securities  Act  (or  Rule  144A  or  to  an

                                       13

<PAGE>

     institutional  accredited investor in transactions that are exempt from the
     registration  requirements of the Securities Act), and during such one year
     period  you may not engage in hedging transactions with regard to the Notes
     and  the  Shares  of  Beneficial  Interest issueable upon conversion of the
     Notes  unless in compliance with the Securities Act, and in connection with
     any  subsequent  sale  by  you  of  the Notes covered hereby in reliance on
     Regulation S during the period referred to above to any distributor, dealer
     or  person  receiving  a selling concession, fee or other remuneration, you
     must  deliver  a  notice  to substantially the foregoing effect. Terms used
     above  have  the  meanings  assigned  to  them  in  Regulation  S."

     (i)  Offers  and sales of the Notes in the Private Placement Provinces will
be  made only by the Initial Purchaser or an affiliate, in either case, provided
that  it  is  registered  in an appropriate category or exempt from registration
under  the  Canadian  Securities  Laws  in  respect  of  such  offers and sales.

     (j)  The  Initial  Purchaser agrees to assist the Company in all reasonable
respects  to  secure  compliance  with  applicable  Canadian  Securities Laws in
connection  with the Offering in Canada, and shall timely provide the Company or
its agent with the information required to enable the Company to comply with its
obligations  under  subsection 4(i), including details of any Eligible Purchaser
resident  in  a  Private Placement Province and related information necessary to
complete  any  form  or  certificate  prescribed  by  a  Canadian  Commission in
connection  with  the Offering in Canada, including, but not limited to, Ontario
Securities  Commission  Form  45-501F1.

     (k)  The Initial Purchaser has taken no action, and will take no action, in
any jurisdiction (either on its own or as an agent of the Company) in connection
with  the  Offering  that  as  a  direct  result  of which any action, filing or
registration  would  be  required  in  any such jurisdiction (other than (x) the
filing  of  (i)  the  Offering  Memorandum and Wrap Information with the Ontario
Securities  Commission,  (ii)  reports  of  the  trades  in  the prescribed form
prepared  and  executed  in accordance with applicable Canadian Securities Laws,
(iii)  a certificate prepared in accordance with Policy Statement 41-601Q of the
Commission  des  valeurs  mobilieres  du Quebec, and (iv) if required, a private
placement  questionnaire and undertaking by each Canadian purchaser of the Notes
in  the  prescribed  form  with  the  TSX,  and  (y)  such  consents, approvals,
authorizations,  orders,  registrations,  filings,  qualifications, licenses and
permits  as  may  be  required  (i)  under  state securities or Blue Sky laws in
connection  with  the  purchase  and  distribution  of  the Notes by the Initial
Purchaser  or  (ii)  in  connection  with  the  Company's  obligations under the
Registration Rights Agreement), or that would independently result in the breach
of  the  applicable  securities laws, statutes, rules or regulations (whether by
the  Initial  Purchaser  or  the  Company) in any such jurisdiction. The Initial
Purchaser  will  comply with all applicable securities laws, statutes, rules and
regulations  in  connection  with  the Offering in each jurisdiction in which it
purchases,  offers,  sells  or  delivers  Notes  or  distributes or causes to be
distributed  the  Offering  Memorandum  in  connection  with the Exempt Resales.

     (l)  The  Initial  Purchaser will promptly notify the Company in writing of
the  completion  of  the  sale  of  the  Notes  by  it.

                                       14

<PAGE>

     (m) The Initial Purchaser and its affiliates and all persons acting on such
person's  behalf,  have  complied  with  and  will  comply  to the best of their
knowledge  with  the  provisions  of  the paragraph "Plan of Distribution - Sale
Restrictions"  in  the  Offering  Memorandum.

     4.     Covenants of the Company.  The Company covenants and agrees with the
            ------------------------
Initial  Purchaser  that:

     (a)  The  Company  shall, as soon as practicable and in any event not later
than  24  hours  after  the execution of this Agreement (or such other period as
agreed  to  by  the Initial Purchaser, acting reasonably), finalize the Offering
Memorandum  and  deliver  it  pursuant  to  Section  4(e)  below.

     (b)  The  Company shall notify you (and, if requested by you, shall confirm
such  notice  in  writing)  (i) of the filing of any information relating to the
offering  of the Notes with any securities exchange or any other regulatory body
in  the  United  States or Canada, and (ii) of the issuance by the Commission or
any  U.S.  state  securities commission or by any Canadian or foreign regulatory
authority  of  any  stop  order,  or  the  receipt  by  the Company of any other
notification,  suspending  the  qualification or exemption from qualification of
the  Notes  for  offering  and  sale  in  any jurisdiction, or the initiation or
threatening  of  any  proceeding for that purpose. If the Commission or any U.S.
state  securities  commission  or  any  Canadian or foreign regulatory authority
proposes  or  enters  a  stop  order or order of similar effect at any time with
respect  to  the  transactions contemplated by this Agreement, the Company shall
make every reasonable effort to prevent the issuance of any such stop order and,
if  issued,  to  obtain  the  lifting  of  such  order  as  soon  as  possible.

     (c)  The  Company shall not at any time make any amendment of or supplement
to  the  Offering  Memorandum (including the Incorporated Documents) without the
Initial  Purchaser's  consent,  which  shall  not  be  unreasonably  withheld or
delayed.

     (d)  If,  at any time prior to the completion of the sale of the Notes, any
event  occurs  or  condition exists as a result of which it is necessary, in the
opinion  of  counsel  for  the  Initial  Purchaser  or  for  the Company, acting
reasonably,  to  amend  or  supplement the Offering Memorandum in order that the
Offering  Memorandum will not include any untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary to make
the  statements therein, in the light of the circumstances under which they were
made,  not  misleading,  or  if it is necessary, in the opinion of such counsel,
acting  reasonably,  at  any  such  time  to  amend  or  supplement the Offering
Memorandum in order to comply with the requirements of the Securities Act or the
Rules  and  Regulations  or  the  Canadian  Securities  Laws,  the Company shall
promptly  notify  you  (unless  counsel  for  the  Initial Purchaser already has
expressed  such  an  opinion)  and  prepare,  subject  to  subsection 4(c), such
amendment  or  supplement  (in form and substance satisfactory to you) as may be
necessary  to  correct  such statement or omission or to effect such compliance.

     (e) The Company shall promptly deliver to the Initial Purchaser such number
of copies of the Preliminary Offering Memorandum and Offering Memorandum and all
amendments of and supplements thereto, if any, and all Incorporated Documents or
any

                                       15

<PAGE>

amendment  thereof  or  supplement  thereto,  as you may reasonably request. The
Company  hereby  consents  to the use of such copies by the Initial Purchaser in
connection with the sale of the Notes. Prior to 2:00 P.M., Vancouver time on the
second  business  day  next  succeeding  the date of this Agreement, the Company
shall, without charge, furnish the Initial Purchaser with copies of the Offering
Memorandum in New York City and Toronto, respectively, in such quantities as you
may  reasonably request, and the Company shall deliver to the Initial Purchaser,
without  charge,  during  the  period prior to the completion of the sale of the
Notes,  such  number  of  copies  of the Offering Memorandum (as supplemented or
amended)  as  the  Initial  Purchaser  may  reasonably  request.

     (f)  The  Company shall not file any document under the Exchange Act before
the completion of the sale of the Notes by the Initial Purchaser if the document
would be deemed to be incorporated by reference into the Offering Memorandum, of
which the Initial Purchaser shall not previously have been advised and furnished
a  copy  or  to  which  the  Initial Purchaser shall have reasonably objected in
writing  or  that  is  not  in compliance with the Exchange Act or the rules and
regulations  of  the  Commission  promulgated  thereunder.

     (g)  The Company shall use its reasonable efforts, in cooperation with you,
to qualify the Notes under the securities or blue sky laws of such jurisdictions
within the United States as you may designate and to maintain such qualification
in  effect for so long as required for the sale of the Notes; provided, however,
that  in  no  event  shall  the  Company be obligated in connection therewith to
qualify  as  a foreign corporation or to execute a general consent to service of
process  or  to  subject  itself to taxation in respect of doing business in any
jurisdictions  in  which  it  is  not  otherwise  so  subject.

     (h)  The Company shall use all reasonable efforts to secure compliance with
the  Canadian  Securities  Laws  on  a  timely  basis  in  connection  with  the
distribution  of  the  Notes  to  Eligible  Purchasers  in the Private Placement
Provinces  on a prospectus-exempt basis, including without limitation, by filing
as  soon  as  practicable  after  the  Closing  Date and in any event within the
periods  stipulated  under  the  Canadian  Securities  Laws and at the Company's
expense  all  private placement forms, trade reports or other documents required
to  be  filed  in  connection  with  the Exempt Resales in the Private Placement
Provinces  and  paying  all  fees  required  in  connection  therewith.

     (i)  The Company shall use its reasonable efforts to maintain its status as
a  reporting  issuer,  or  its  equivalent, under the securities laws of British
Columbia,  Alberta, Ontario and Quebec, and to timely comply with its continuous
disclosure  and  other  obligations  under  the  Canadian  Securities  Laws.

     (j) During the period of 180 days from the date of the Offering Memorandum,
the Company shall not, directly or indirectly, without the prior written consent
of RBC Dain Rauscher Inc., issue, sell, offer or agree to sell, grant any option
for  the  sale  of,  pledge, make any short sale or maintain any short position,
establish  or  maintain  a "put equivalent position" (within the meaning of Rule
16a-1(h) under the Exchange Act), enter into any swap, derivative transaction or
other  arrangement  that  transfers  to another, in whole or in part, any of the
economic consequences of ownership of the Shares of Beneficial Interest (whether
any  such  transaction  is  to  be  settled  by delivery of Shares of Beneficial
Interest,  other  securities,  cash or other consideration) or otherwise dispose
of,  any  Shares  of  Beneficial  Interest  (or any securities convertible into,
exercisable for or exchangeable for Shares of Beneficial Interest, including the
Notes,  (the  "EXCHANGEABLE  SHARES"))  or  interest  therein of the Company, or
Shares  of  Beneficial  Interest or any securities convertible into, exercisable
for  or  exchangeable  for  Shares  of  Beneficial  Interest  of  any  of  its
subsidiaries,  and  the  Company  shall  obtain  the  undertaking of each of its
officers  and  trustees  as have been heretofore designated by you and listed on
Schedule  I  attached  hereto  not  to  engage  in  any  of  the  aforementioned
transactions  on  their  own  behalf, other than the Company's sale of the Notes
hereunder  and  (A) the Company's issuance of Shares of Beneficial Interest upon
(i)  the  conversion  or  exchange  of  outstanding  convertible or exchangeable
securities (including the Notes and the Conversion Shares), or (ii) the exercise
of  currently  outstanding  options;  (B)  the  grant  of  options under, or the
issuance of Shares of Beneficial Interest upon the exercise thereof pursuant to,
employee  stock  option plans in effect on the date hereof; or (C) the Company's
issuance  of  any  Shares  of  Beneficial  Interest  or other securities for the
purpose  of  acquiring  a business, any assets or any securities, so long as the
recipient  of  such  shares  or other securities agrees to be subject to similar
restrictions  for  the  remaining  balance  of  such  180-day  period.

     (k)  During the period of two years from the Closing Date the Company shall
furnish to you copies of any reports to holders of the Notes, and deliver to you
as  soon  as  they  are  available, copies of any periodic reports and financial
statements  furnished to or filed with the Commission or any national or foreign
securities exchange on which any class of securities of the Company is listed to
the  extent  such  documents  are  not  available  on  the  SEC's  website.

     (l)  For  so  long  as  any  of  the  Notes  or  the  Conversion Shares are
"restricted  securities" within the meaning of the Securities Act and during any
period  in  which  the  Company  is  not  subject  to Section 13 or 15(d) of the
Exchange Act, the Company shall furnish to any holder or beneficial owner of the
Notes  or  the  Conversion  Shares  in  connection with any sale thereof and any
prospective  purchaser  of  such  Notes or Conversion Shares from such holder or
beneficial  owner  (upon  the  request  of  such  holders,  beneficial owners or
prospective  purchasers)  the  information required by Rule 144A(d)(4) under the
Securities  Act.

     (m)  The Company shall not sell, offer for sale or solicit offers to buy or
otherwise  negotiate  in  respect  of any security (as defined in the Securities
Act)  that would be integrated with the sale of the Notes in a manner that would
require  the  registration  under  the Securities Act of the sale to the Initial
Purchaser  or  the  Eligible Purchasers of the Notes or to take any other action
that  would  result  in the sale of the Notes not being exempt from registration
under  the  Securities  Act.

     (n) The Company shall not take, directly or indirectly, any action designed
to, or that could reasonably be expected to, cause or result in stabilization or
manipulation of the price of any security of the Company. Except as permitted by
the  Securities  Act  and approved by the Initial Purchaser (which approval will
not  be  unreasonably withheld or delayed), the Company shall not distribute any
offering  material  in  connection with the offering and sale of the Notes other
than  the  Offering  Memorandum.

     (o)  The  Company shall apply the net proceeds it receives from the sale of
the  Notes  as  set  forth  under  "Use of Proceeds" in the Offering Memorandum.

                                       17

<PAGE>

     (p) The Company shall use its reasonable efforts to effect the inclusion of
the  Notes  for trading in the PORTAL market and to obtain approval of the Notes
by  DTC  for  "book-entry"  transfer.

     (q) Until the earlier of (i) the second anniversary of the Closing Date and
(ii)  the  first date of effectiveness of the registration statement to be filed
pursuant  to  the  Registration Rights Agreement, the Company will not, and will
not  permit  any  of its "controlled" "affiliates" (as defined in Rule 405 under
the  Securities  Act)  to,  resell  any  of  the Notes or Conversion Shares that
constitute  "restricted  securities" under Rule 144 that have been reacquired by
any  of  them.

     (r)  None  of  the Company or any of its affiliates or any person acting on
such person's behalf (other than the Initial Purchaser and its affiliates, as to
whom  no  representation is made) will solicit any offer to buy or offer or sell
the  Notes  (i)  by  means  of  any  form  of  general  solicitation  or general
advertising  (as  those  terms  are defined in Regulation D under the Securities
Act),  including,  but not limited to, articles, notices or other communications
published  in  any  newspaper,  magazine,  or  similar  medium or broadcast over
television or radio, or any seminar or meeting whose attendees have been invited
by  any  general  solicitation  or  general  advertising,  or (ii) in any manner
involving a public offering within the meaning of Section 4(2) of the Securities
Act.

     (s)  The  Company  shall  at  all times reserve and keep available, free of
preemptive  or  similar rights, Shares of Beneficial Interest for the purpose of
enabling  the  Company to satisfy any obligations to issue the Conversion Shares
upon  conversion  of  the  Notes.

     (t)  The  Company shall refuse to register any transfer of the Notes or the
Conversion Shares not made (i) in accordance with the provisions of Regulation S
(Rule  901  through  905,  and Preliminary Notes), (ii) pursuant to registration
under  the  Securities  Act  or  (iii)  pursuant  to an available exemption from
registration.

     5.     Payment  of  Expenses.  Whether or not the transactions contemplated
            ---------------------
in  this  Agreement are consummated or this Agreement is terminated, the Company
hereby  agrees  to pay all costs and expenses incident to the performance of the
obligations  of  the  Company  hereunder,  and  under  the  Indenture  and  the
Registration  Rights  Agreement,  including  the  following:  (i)  the  fees,
disbursements  and  expenses  of  the  Company's  counsel  and  accountants  in
connection  with  the  qualification  of the Notes and the Conversion Shares for
distribution  in  the United States and, on a prospectus-exempt basis, in Canada
and  all  other  expenses in connection with the preparation and printing of the
Preliminary  Offering  Memorandum and the Offering Memorandum and amendments and
supplements  thereto  and  the  mailing  and  delivering  of  copies  thereof in
connection  with  sale  of the Notes; (ii) the cost of producing this Agreement,
the Blue Sky memoranda, any notice or similar filing reasonably requested by the
Initial  Purchaser  in  any  jurisdiction  outside  the U.S. and Canada, closing
documents  (including  any  compilations  thereof)  and  any  other documents in
connection  with  the  offering, purchase, sale and delivery of the Notes; (iii)
all  expenses  in connection with the qualification or registration of the Notes
for  offering  and  sale under state securities laws as provided in Section 4(g)
hereof,  including  the  reasonable  fees  and  disbursements of counsel for the
Initial  Purchaser  in connection with such qualification and in connection with
the  Blue  Sky survey; (iv) all fees and expenses in connection with listing and
qualifying  the  Notes  for  trading  in  the  PORTAL market; and (v) all

                                       18

<PAGE>

travel expenses of the Company's officers and employees and any other expense of
the  Company  incurred in connection with attending or hosting meetings, if any,
with  prospective purchasers of the Notes. The Company also will pay or cause to
be  paid:  (i)  the  reasonable  costs  and  expenses  of the Initial Purchaser,
including the fees and disbursements of their counsel, travel expenses and other
out-of-pocket  expenses;  (ii) the cost of preparing the Global Notes; (iii) the
cost and charges of the Trustee, including the reasonable fees and disbursements
of  counsel  to  the  Trustee;  and (iv) all other reasonable costs and expenses
incident to the performance of its obligations hereunder which are not otherwise
specifically  provided  for  in  this  Section  5.

     6.     Conditions  of  Initial Purchaser's Obligations.  The obligations of
            -----------------------------------------------
the Initial Purchaser to purchase and pay for the Notes as provided herein shall
be  subject to the accuracy of the representations and warranties of the Company
herein contained, as of the date hereof and as of the Closing Date or such other
date  as may be specified therein (for purposes of this Section 6 "Closing Date"
shall  refer  to  the  Closing  Date  for  the  Notes)  to  the absence from any
certificates,  opinions,  written  statements  or letters furnished to you or to
Initial Purchaser's Counsel (as defined below) pursuant to this Section 6 of any
misstatement  or  omission, to the performance by the Company of its obligations
hereunder,  and  to  each  of  the  following  additional  conditions:

     (a)  At  the  Closing  Date,  you shall have received the opinion of Heller
Ehrman  White  &  McAuliffe LLP, special U.S. counsel for the Company, dated the
Closing  Date,  addressed to the Initial Purchaser and substantially in the form
attached  hereto  as  Annex  I.  In giving such opinion, counsel may state that,
insofar  as  such  opinion  involves  factual  matters,  they  have  relied upon
certificates  of  officers  of the Company and certificates of public officials.

     (b)  At  the  Closing  Date, you shall have received the opinion of Sangra,
Moller,  Canadian  counsel for the Company, dated the Closing Date, addressed to
the Initial Purchaser and in substantially the form attached hereto as Annex II.
In giving such opinion, counsel may state that, insofar as such opinion involves
factual  matters,  they have relied upon certificates of officers of the Company
and  certificates  of  public  officials.

     (c)  At  the  Closing Date, you shall have received the opinion of Latham &
Watkins, special U.S. counsel for the Initial Purchaser, dated the Closing Date,
addressed  to  the  Initial  Purchaser  and  in  form  and  substance reasonably
satisfactory  to the Initial Purchaser, covering such matters as are customarily
covered  in  such  opinions.

     (d)  All  proceedings  taken  in  connection  with the sale of the Notes as
herein  contemplated  shall  be in form and substance reasonably satisfactory to
you and to the Initial Purchaser's Counsel, and the Company shall have furnished
to Initial Purchaser's Counsel such documents as they reasonably request for the
purpose  of  enabling  them to pass upon certain matters pursuant to subsections
(c)  above.

     (e) At the Closing Date, you shall have received a certificate of the Chief
Executive  Officer  and President and the Chief Financial Officer of the Company
in their capacities as officers of the Company, dated as of the Closing Date, to
the  effect that (i) the representations and warranties of the Company set forth
in  Section  1  hereof  are accurate as of the date hereof and as of the Closing
Date  (or  such  other  date  as  may  be  specified)  with  the  same

                                       19

<PAGE>

force  and  effect as though expressly made on such date, (ii) as of the Closing
Date,  the obligations of the Company to be performed or complied with hereunder
on  or  prior  thereto  have  been  duly  performed  or complied with, and (iii)
subsequent to the respective date of the most recent financial statements in the
Offering  Document,  the  Company  and  its  subsidiaries have not sustained any
material  loss  or  interference  with their respective businesses or properties
from  fire, flood, hurricane, accident or other calamity, whether or not covered
by insurance, or from any labor dispute or any legal or governmental proceeding,
and there has not been any change, or any development involving a change, in the
business, properties, operations, condition (financial or otherwise), or results
of  operations  of  the Company and its subsidiaries taken as a whole, except in
each case as described in or contemplated by the Offering Memorandum or as would
not  have  a  Material  Adverse  Effect.

     (f)  On  the date hereof and at the Closing Date, you shall have received a
comfort  letter  in  respect  of  the Offering Memorandum from Peterson Sullivan
P.L.L.C., former independent public accountants for the Company, dated as of the
date  hereof  or  the Closing Date, as the case may be, addressed to the Initial
Purchaser  and  in  form  and  substance  reasonably satisfactory to the Initial
Purchaser  containing statements and information of the type ordinarily included
in  accountants'  "comfort  letters"  to  initial purchasers with respect to the
financial statements and certain financial information contained in the Offering
Memorandum  and  Incorporated  Documents.

     (g)  On  the date hereof and at the Closing Date, you shall have received a
comfort letter in respect of the Offering Memorandum from Deloitte & Touche LLP,
independent  public accountants for the Company, dated as of the date hereof and
as  of  the Closing Date, as the case may be, addressed to the Initial Purchaser
and  in  form  and  substance  reasonably  satisfactory to the Initial Purchaser
containing  statements  and  information  of  the  type  ordinarily  included in
accountants'  "comfort  letters"  to  initial purchasers with respect to interim
unaudited  financial  statements  and certain financial information contained in
the  Offering  Memorandum  and  Incorporated  Documents.

     (h) Subsequent to the execution and delivery of this Agreement, there shall
not  have been any Material Adverse Change which, in the judgment of the Initial
Purchaser,  acting  reasonably, makes it impracticable or inadvisable to proceed
with  the  offering  or the delivery of the Notes on the terms and in the manner
contemplated  by  this Agreement and the Offering Memorandum, including, without
limitation  the  Exempt  Resales  (exclusive  of  any  amendment  or  supplement
thereto).

     (i)  You  shall  have  received  a  lock-up agreement from each trustee and
officer  of  the  Company  as  shall  have been heretofore designated by you and
listed  on Schedule II hereto substantially in the form attached hereto as Annex
III.

     (j)  The Company and the Trustee shall have entered into the Indenture, and
the  Initial  Purchaser  shall  have  received  an  executed  copy  thereof.

     (k)  The  Company  and  the  Initial  Purchaser shall have entered into the
Registration  Rights Agreement, and the Initial Purchaser shall have received an
executed  copy  thereof.

                                       20

<PAGE>

     (l)  At  the Closing Date, the Notes shall have been designated for trading
in  the  PORTAL  market.

     (m)  The  Company  shall  have  furnished the Initial Purchaser and Initial
Purchaser's Counsel with such other certificates, opinions or other documents as
they  may  have  reasonably  requested.

     The  Initial Purchaser may in its sole discretion waive compliance with any
conditions  to  its  obligations  hereunder.

     7.     Indemnification.
            ---------------

     (a)  The  Company  shall indemnify and hold harmless the Initial Purchaser,
its  directors, officers and employees and each person, if any, who controls the
Initial  Purchaser  within  the  meaning  of Section 15 of the Securities Act or
Section  20(a)  of  the  Exchange  Act  (including each affiliate of the Initial
Purchaser  who is deemed a third party beneficiary pursuant to Section 12 hereof
(an  "AFFILIATED  DEALER"),  its  directors,  officers  and  employees  and  any
controlling  person  of such affiliate) against any and all losses, liabilities,
claims,  damages  and expenses whatsoever as incurred (including but not limited
to  reasonable  attorneys'  fees and any and all expenses whatsoever incurred in
investigating,  preparing  or  defending  against  any  litigation, commenced or
threatened,  or any claim whatsoever, and any and all amounts paid in settlement
of  any claim or litigation), joint or several, to which they or any of them may
become  subject  under  the  Securities  Act,  the  Exchange  Act,  the Canadian
Securities  Laws  or  otherwise,  insofar  as  such losses, liabilities, claims,
damages  or  expenses  (or actions in respect thereof) arise out of or are based
upon  any  untrue  statement  or  alleged  untrue  statement  of a material fact
contained  in  the Offering Memorandum (including the Incorporated Documents) or
in  any  supplement  thereto  or amendment thereof, or arise out of or are based
upon  the omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein not misleading;
provided,  however,  that the Company will not be liable in any such case to the
extent  but  only  to the extent that any such loss, liability, claim, damage or
expense  arises  out  of  or  is based upon any such untrue statement or alleged
untrue  statement  or omission or alleged omission made therein in reliance upon
and  in  conformity  with  written information transmitted to the Company by the
Initial  Purchaser  and its affiliates expressly for use therein. This indemnity
agreement  will  be  in addition to any liability that the Company may otherwise
have  including  under  this  Agreement.

     (b)  The  Initial  Purchaser shall indemnify and hold harmless the Company,
each  of  the  trustees  of the Company, each of the officers of the Company and
each  other  person,  if  any,  who  controls  the Company within the meaning of
Section  15  of the Securities Act or Section 20(a) of the Exchange Act, against
any  losses,  liabilities, claims, damages and reasonable expenses whatsoever as
incurred  (including but not limited to attorneys' fees and any and all expenses
whatsoever  incurred  in  investigating,  preparing  or  defending  against  any
litigation,  commenced  or  threatened, or any claim whatsoever, and any and all
amounts  paid  in  settlement  of any claim or litigation), joint or several, to
which  they  or  any  of  them  may become subject under the Securities Act, the
Exchange Act, the Canadian Securities Laws or otherwise, insofar as such losses,
liabilities,  claims,  damages or expenses (or actions in respect thereof) arise
out  of  or are based upon any untrue statement or alleged untrue statement of a
material  fact

                                       21

<PAGE>

contained  in  the Offering Memorandum (including the Incorporated Documents) or
in  any  amendment  thereof  or supplement thereto, or arise out of or are based
upon  the omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein not misleading,
in  each  case  to  the  extent,  but  only  to  the extent, that any such loss,
liability,  claim,  damage  or  expense  arises out of or is based upon any such
untrue  statement  or  alleged  untrue statement or omission or alleged omission
made  therein  in  reliance  upon  and  in  conformity  with written information
furnished  by  the  Initial Purchaser expressly for use therein; it being agreed
and  understood  that  for  all purposes of this Agreement, the only information
furnished  by the Initial Purchaser consists of the following information in the
Offering  Memorandum:  the  sections titled "Discounts and Expenses" (except for
the  last  sentence  thereof)  and  "Price  Stabilization  and  Short Positions"
(including  in  the  second  paragraph  thereof,  with respect to the absence of
representations  by  the  Initial  Purchaser)  under  the  caption  "Plan  of
Distribution"  in the Offering Memorandum. This indemnity will be in addition to
any liability that any Initial Purchaser may otherwise have including under this
Agreement.

     (c)  Promptly after receipt by an indemnified party under subsection (a) or
(b)  above  of  notice  of  any  claims  or the commencement of any action, such
indemnified party shall, if a claim in respect thereof is to be made against the
indemnifying  party  under  such  subsection,  notify  each  party  against whom
indemnification  is  to  be  sought  in writing of the claim or the commencement
thereof (but the failure so to notify an indemnifying party shall not relieve it
from  any  liability  which  it may have under this Section 7). In case any such
claim  or  action  is  brought against any indemnified party, and it notifies an
indemnifying  party  of the commencement thereof, the indemnifying party will be
entitled  to  participate  therein,  and  to  the extent it may elect by written
notice delivered to the indemnified party promptly after receiving the aforesaid
notice  from  such indemnified party, to assume the defense thereof with counsel
satisfactory  to  such  indemnified  party.  Notwithstanding  the foregoing, the
indemnified  party  or  parties  shall have the right to employ its or their own
counsel  in any such case, but the fees and expenses of such counsel shall be at
the  expense  of  such indemnified party or parties unless (i) the employment of
such  counsel  shall  have been authorized in writing by one of the indemnifying
parties  in  connection  with  the defense of such action, (ii) the indemnifying
parties  shall  not  have employed counsel to have charge of the defense of such
action  within  a  reasonable time after notice of commencement of the action or
(iii)  such  indemnified  party  or parties shall have reasonably concluded that
there  may  be  defenses  available  to  it  or  them that are different from or
additional  to  those  available  to  one or all of the indemnifying parties (in
which  case  the  indemnifying  parties  shall  not have the right to direct the
defense of such action on behalf of the indemnified party or parties), in any of
which  events  the  fees  and  expenses  of  one  counsel  selected  by  all the
indemnified  parties  to  represent  them all shall be borne by the indemnifying
parties.  No  indemnifying party shall, without the prior written consent of the
indemnified  party,  effect  any  settlement or compromise of, or consent to the
entry  of  judgment with respect to, any pending or threatened action in respect
of  which  the  indemnified  party  is or reasonably could have been a party and
indemnity  or  contribution  may  be  or could have been sought hereunder by the
indemnified  party (an "ACTION"), unless such settlement, compromise or judgment
(x)  includes  an  unconditional  release  of  the  indemnified  party  from all
liability  on claims that are the subject matter of such action and (y) does not
include  a statement as to or an admission of fault, culpability or a failure to
act,  by  or  on  behalf  of  the indemnified party. No indemnified party shall,
without  the  prior  written  consent  of  the  indemnifying  party,  effect any
settlement  or

                                       22

<PAGE>

compromise  of, or consent to the entry of judgment with respect to, any Action,
unless  such settlement, compromise or consent includes an unconditional release
of  such  indemnified  party  from  all liability on claims that are the subject
matter  of  such  Action.

     8.     Contribution.  In order to provide for contribution in circumstances
            ------------
in  which the indemnification provided for in Section 7 hereof is for any reason
held  to  be  unavailable from any indemnifying party or is insufficient to hold
harmless  a  party indemnified thereunder, the Company and the Initial Purchaser
shall  contribute  to  the  aggregate  losses,  claims, damages, liabilities and
expenses of the nature contemplated by such indemnification provision (including
any investigation, legal and other expenses incurred in connection with, and any
amount  paid  in  settlement  of,  any  action, suit or proceeding or any claims
asserted,  but  after  deducting  in  the  case  of  losses,  claims,  damages,
liabilities  and  expenses  suffered by the Company any contribution received by
the  Company  from  persons,  other  than the Initial Purchaser, who may also be
liable  for  contribution,  including persons who control the Company within the
meaning  of  Section  15  of the Securities Act or Section 20(a) of the Exchange
Act, and officers and directors of the Company) as incurred to which the Company
and  one or both of the Initial Purchaser may be subject, in such proportions as
is  appropriate to reflect the relative benefits received by the Company and the
Initial  Purchaser  from the offering of the Notes or, if such allocation is not
permitted by applicable law, in such proportion as is appropriate to reflect not
only  the relative benefits referred to above but also the relative fault of the
Company and the Initial Purchaser in connection with the statements or omissions
which resulted in such losses, claims, damages, liabilities or expenses, as well
as  any other relevant equitable considerations.  The relative benefits received
by  the  Company  and  the  Initial  Purchaser shall be deemed to be in the same
proportion  as  (x)  the  total proceeds from the Offering (net of discounts and
commissions  but  before deducting expenses) received by the Company and (y) the
discounts and commissions received by the Initial Purchaser.  The relative fault
of the Company and of the Initial Purchaser shall be determined by reference to,
among other things, whether the untrue or alleged untrue statement of a material
fact  or  the  omission  or alleged omission to state a material fact relates to
information  supplied  by  the Company or the Initial Purchaser and the parties'
relative  intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission.  The Company and the Initial Purchaser agree
that it would not be just and equitable if contribution pursuant to this Section
8  were  determined  by  pro rata allocation (even if the Initial Purchaser were
treated  as  one  entity  for such purpose) or by any other method of allocation
which  does  not take account of the equitable considerations referred to above.
Notwithstanding  the  provisions  of this Section 8, the Initial Purchaser shall
not  be  required  to contribute any amount in excess of the amount by which the
total  price  at which the Notes purchased by it and sold to Eligible Purchasers
were  offered  to  hereby  exceeds  the  amount  of any damages that the Initial
Purchaser has otherwise been required to pay by reason of such untrue or alleged
untrue  statement  or  omission  or  alleged  omission.  No  person  guilty  of
fraudulent  misrepresentation  (within  the  meaning  of  Section  11(f)  of the
Securities  Act)  shall  be entitled to contribution from any person who was not
guilty  of  such  fraudulent misrepresentation.  For purposes of this Section 8,
each  person,  if  any, who controls the Initial Purchaser within the meaning of
Section 15 of the Securities Act or Section 20(a) of the Exchange Act shall have
the  same  rights  to contribution as the Initial Purchaser, and each person, if
any, who controls the Company within the meaning of Section 15 of the Securities
Act  or  Section  20(a) of the Exchange Act and each officer and director of the
Company  shall  have  the same rights to contribution as the Company.  Any party
entitled  to contribution will, promptly after receipt of

                                       23

<PAGE>

notice  of  commencement of any action, suit or proceeding against such party in
respect  of  which a claim for contribution may be made against another party or
parties,  notify each party or parties from whom contribution may be sought, but
the  omission  to so notify such party or parties shall not relieve the party or
parties  from whom contribution may be sought from any obligation it or they may
have  under  this  Section  8  or  otherwise.

     9.     Survival of Representations and  Agreements. All representations and
            -------------------------------------------  warranties,  covenants,
agreements  and  other statements of the Company or its officers and the Initial
Purchaser  set  forth  in  or  made  pursuant  to  this Agreement, including the
agreements contained in Section 5, the indemnity agreements contained in Section
7 and the contribution agreements contained in Section 8, shall remain operative
and  in  full  force  and  effect  regardless of any investigation made by or on
behalf  of  the  Initial Purchaser or any controlling person thereof or by or on
behalf  of  the  Company,  any  of  its officers and trustees or any controlling
person  thereof,  and shall survive delivery of and payment for the Notes to and
by  the  Initial  Purchaser.  The representations contained in Section 1 and the
agreements  contained  in  Sections  5,  7, 8 and 10(b) hereof shall survive the
termination  of  this  Agreement,  including  termination pursuant to Section 10
hereof.

     10.     Termination.
             -----------
     (a)  The  Initial Purchaser shall be entitled, at its option, to terminate,
without  liability  on  its part, its obligations under this Agreement by giving
written notice to that effect to the Company at or prior to the Closing Date if:
(i)  trading  in the Company's securities on the Nasdaq National Market has been
suspended  or made subject to material limitations; (ii) trading on the New York
Stock  Exchange  or  on  the Nasdaq National Market shall have been suspended or
been  made  subject  to  material  limitations, or minimum or maximum prices for
trading shall have been fixed, or maximum ranges for prices for securities shall
have  been  required,  on  the New York Stock Exchange or on the Nasdaq National
Market  or by order of the Commission or any other governmental authority having
jurisdiction;  (iii)  a  banking  moratorium  has  been  declared  by  a  state,
provincial  or  federal authority in the United States or if any new restriction
materially  adversely  affecting the distribution of the Notes shall have become
effective;  (iv) there has occurred any outbreak or escalation of hostilities or
acts  of  terrorism  involving  the  United  States  or  Canada,  or  there is a
declaration  of  a national emergency or war by the United States or Canada such
that  the  effect  of  any  such  event  in  your  reasonable  judgment makes it
impracticable  or inadvisable to proceed with the offering, sale and delivery of
the  Notes on the terms contemplated by the Offering Memorandum; (v) in relation
to  the  Company,  the  Notes or the Shares of Beneficial Interest, any inquiry,
investigation  or  other proceeding is commenced, threatened or announced or any
order  or  ruling is issued by any officer of such exchange or market, or by the
Commission, any of the Canadian Commissions or any other regulatory authority in
Canada  or  the  United States, or if any law or regulation under or pursuant to
any  statute of Canada or of any province thereof or of the United States or any
state  or  territory  thereof is promulgated or changed which, in the reasonable
opinion  of  the  Initial  Purchaser, operates to prevent or materially restrict
trading  in  or  the  distribution  of  the  Notes  or  shares  of the Shares of
Beneficial  Interest  in the United States; or (vi) there should develop, occur,
or  come  into effect any occurrence of national or international consequence or
any  action,  law  or  regulation,  inquiry,  or  other occurrence of any nature
whatsoever,  including,  without  limiting  the generality of the foregoing, any
military  conflict,  civil  insurrection, or any terrorist action, which,

                                       24

<PAGE>

in  the  reasonable  opinion  of the Initial Purchaser, seriously affects or may
seriously  affect  the  financial markets or the business of the Company and its
subsidiaries  taken  as  a  whole,  and/or  prevents or materially restricts the
trading  in or the distribution of the Notes in the United States or Canada.

     (b)  If  this  Agreement  is  terminated  pursuant to any of the provisions
hereof,  or  if  the  sale  of  the Notes provided for herein is not consummated
because  any  condition  to  the  obligations of the Initial Purchaser set forth
herein  is  not satisfied or because of any refusal, inability or failure on the
part of the Company to perform any agreement herein or comply with any provision
hereof,  the  Company  shall,  subject  to  demand by you, reimburse the Initial
Purchaser  for  all  out-of-pocket  expenses  (including the reasonable fees and
expenses  of  their  counsel),  incurred  by the Initial Purchaser in connection
herewith.

     11.     Notices.  All  communications hereunder, except as may be otherwise
             -------
specifically  provided  herein,  shall  be  in  writing,  and:

     (a)  if  sent to the Initial Purchaser, shall be mailed, delivered or faxed
and  confirmed  in  writing,  to:

          RBC  Capital  Markets
          Royal  Bank  Plaza,  4th  Floor,  South  Tower
          200  Bay  Street
          Toronto,  Ontario  M5J  2W7
          Ph:  (416)  842-7593
          Fax:  (416)  842-7650
          Attention:  Derek  Neldner,  Managing  Director

          with  copies  to:

          Lawson  Lundell
          1600  Cathedral  Place
          925  West  Georgia  Street
          Vancouver,  BC  V6C  3L2
          Attention:  Gordon  R.  Chambers

          Latham  &  Watkins  LLP
          633  West  Fifth  Street
          Los  Angeles,  CA  90071
          Attention:  Mark  Stegemoeller

                                       25

<PAGE>

     (b)  if  sent  to  the  Company,  shall  be  mailed, delivered or faxed and
confirmed  in  writing,  to:

          Mercer  International  Inc.
          14900  Interurban  Ave.  South
          Suite  271
          Seattle,  WA  98168
          Ph:  (206)  674-4639
          Fax:  (206)  674-4629
          Attention:  David  Gandossi

          with  copies  to:

          Sangra,  Moller
          1000  Cathedral  Place
          925  West  Georgia  Street
          Vancouver,  BC  V62  3L2
          Attention:  Harjit  Sangra

provided,  however, that any notice to the Initial Purchaser pursuant to Section
7  shall  be  delivered or sent by mail or facsimile transmission to the Initial
Purchaser  at  its  address  set forth in its acceptance facsimile to you, which
address will be supplied to any other party hereto by you upon request. Any such
statements,  requests,  notices  or  agreements shall take effect at the time of
receipt  thereof.

     12.     Successors  and  Assigns.  This Agreement shall inure solely to the
             ------------------------
benefit of, and shall be binding upon, the Initial Purchaser and the Company and
the  controlling  persons,  directors,  trustees, officers, employees and agents
referred  to  in  Sections 7 and 8, and their respective successors and assigns,
and  no  other  person shall have or be construed to have any legal or equitable
right,  remedy or claim under or in respect of or by virtue of this Agreement or
any  provision  herein  contained.  The  term "successors and assigns" shall not
include  a  purchaser,  in  its  capacity  as  such,  of  Notes from the Initial
Purchaser.  Any  Affiliated Dealer that is duly qualified and authorized to sell
the  Notes  in  the United States or Canada pursuant to the Offering Memorandum,
and  so  offers and sells the Notes shall be deemed a third party beneficiary of
the  representations  and  warranties of the Company contained in Section 1, the
covenants  of  the  Company  contained  in  Section  4,  the indemnification and
contribution  obligations  of  the Company contained in Sections 7 and 8 and the
officers'  certificates,  legal  opinions  and  other  documents  required to be
delivered  to  the  Initial  Purchaser pursuant to this Agreement, and each such
affiliate  shall  have the right to enforce such provisions of this Agreement to
the  same  extent  as  if  it  were  an  Initial  Purchaser.

     13.     Governing Law. This Agreement shall be governed by and construed in
             -------------
accordance  with  the  laws  of the State of New York, but without regard to any
applicable  principles  of  conflicts  of  law.

                                       26

<PAGE>

     14.     Counterparts.  This  Agreement  may  be  executed  in any number of
             -------------
counterparts,  each  of which when so executed shall be deemed to be an original
and  all  of  which  taken together shall constitute one and the same agreement.

     15.     Headings.   The   headings  in  this  Agreement  are  inserted  for
             --------
convenience  of  reference only, are not to be considered part of this Agreement
and  shall  in  no way modify or restrict any of the terms or provisions hereof.

     16.     Time  is  of  the  Essence.  Time  shall  be of the essence of this
             --------------------------
Agreement.  As  used herein, the term "business day" shall mean any day when the
Commission's  office  in  Washington,  D.C.  is  open  for  business.

     18.     Entire  Agreement.  This  Agreement is intended by the parties as a
             -----------------
final  expression of their agreement and intended to be a complete and exclusive
statement of the agreement and understanding of the parties hereto in respect of
the  subject  matter  contained  herein.  There  are  no restrictions, promises,
warranties  or  undertakings,  other  than those set forth or referred to herein
with  respect  to the registration rights granted by the Company with respect to
the  Notes  and  the  Conversion  Shares.

     19.     Severability.  If  any  one  or  more  of  the provisions contained
             ------------
herein, or the application thereof in any circumstance, is held invalid, illegal
or  unenforceability,  the  validity,  legality  and  enforceability of any such
provision  in  every  other  respect  and  of the remaining provisions contained
herein  shall  not  be  affected  or  impaired  thereby.

                            (signature page follows)

                                       27

<PAGE>

     If the foregoing correctly sets forth the understanding between you and the
Company,  please  so  indicate  in  the  space  provided below for that purpose,
whereupon  this  letter  shall  constitute  a  binding  agreement  among  us.

                                              Very  truly  yours,

                                              MERCER  INTERNATIONAL  INC.

                                              /s/  Jummy  Lee

                                              By:
                                                 ------------------------------
                                                 Name:
                                                 Title:

                                              By:
                                                 ------------------------------
                                                 Name:
                                                 Title:

                      (additional signature page follows)

<PAGE>

Accepted  as  of  the  date  first  above  written.

RBC  DAIN  RAUSCHER  INC.

/s/  Peter  de  Vos

By:
   --------------------------------------
   Name:  Peter  de  Vos
   Title:    Head  of  Corporate  Finance

                      signature page to purchase agreement

<PAGE>

                                   SCHEDULE I

Jimmy  S.H.  Lee
C.S.  Moon
William  McCartney
Graeme  Witts
Wolfram  Ridder
Guy  W.  Adams
David  M.  Gandossi
R.  Ian  Rigg
Kenneth  A.  Shields

<PAGE>

                                                                         ANNEX I

             Form of Opinion of Heller Ehrman White & McAuliffe LLP
             ------------------------------------------------------
     1.  The  Company  has  been  duly  formed  and  is  validly  existing  as a
Massachusetts  trust  under  the  laws  of  the  State  of  Washington.

     2.  The  Company  has  all  necessary  Massachusetts  trust  power  and
Massachusetts  trust  authority  to  conduct  its  business  as described in the
Offering  Memorandum,  to  offer,  issue  and  sell the Notes and the Conversion
Shares  and  to  perform  its  obligations  under  the  Operative  Documents.

     3.  The  Company  has  an  authorized capitalization as set forth under the
caption  "Capitalization"  in  the Offering Memorandum; and the issued Shares of
Beneficial  Interest  and the Conversion Shares conform in all material respects
to  the  descriptions  thereof  contained  in  the  Offering  Memorandum.

     4.  The Conversion Shares have been duly authorized by all necessary action
on  the  part  of  the  Company  and,  when issued by the Company to satisfy the
conversion rights of the Notes in accordance with the terms of the Notes and the
Indenture,  will  be  duly  issued,  fully  paid  and  non-assessable.

     5.  The Company has reserved for issuance the Conversion Shares in a number
of  authorized  but unissued Shares of Beneficial Interest sufficient to satisfy
the  conversion rights of the Notes, and no further approval or authority of the
shareholders  or  the  Board  of  Trustees  of  the  Company is required for the
issuance  of  such  Conversion  Shares.

     6. This Purchase Agreement has been duly authorized by all necessary action
on  the  part of the Company, and has been duly executed and delivered on behalf
of  the  Company.

     7.  The  Indenture  has been duly authorized by all necessary action on the
part  of  the Company, and has been duly executed and delivered on behalf of the
Company  and,  assuming  the  due  authorization,  execution and delivery of the
Indenture  by  the  Trustee, is the valid and binding obligation of the Company,
enforceable  against  the  Company  in accordance with its terms, subject to (i)
bankruptcy,  insolvency,  fraudulent  conveyance, moratorium, reorganization and
other  laws  of general applicability relating to or affecting creditors' rights
and  (ii)  general  principles  of equity (regardless of whether considered in a
proceeding  in  equity  or  at  law).

     8.  The Notes have been duly authorized by all necessary action on the part
of the Company and have been executed and delivered on behalf of the Company for
issuance  and  sale  to the Initial Purchaser pursuant to the Purchase Agreement
and, when issued and authenticated in accordance with the terms of the Indenture
and  delivered against payment therefor in accordance with the terms thereof and
of  the  Purchase  Agreement,  assuming  the  due  authorization,  execution and
delivery  of the Indenture by the Trustee, will constitute the valid and binding
obligations  of  the Company, enforceable against the Company in accordance with
their  terms  and  entitled  to  the  benefits  of the Indenture, subject to (i)
bankruptcy,  insolvency,  fraudulent  conveyance, moratorium, reorganization and
other  similar laws of general

                                    ANNEX I-1

<PAGE>

applicability  relating  to  or  affecting  creditors'  rights  and (ii) general
principles of equity (regardless of whether considered in a proceeding in equity
or  at  law).

     9.  The  Registration  Rights  Agreement  has  been  duly authorized by all
necessary  action  on  the  part  of the Company, and has been duly executed and
delivered  by  the  Company  and,  assuming the due authorization, execution and
delivery  of  the  Registration  Rights Agreement by the Initial Purchaser, when
executed  and  delivered  by  the Company, will constitute the valid and binding
obligation  of  the  Company, enforceable against the Company in accordance with
its  terms,  subject  to  (i)  bankruptcy,  insolvency,  fraudulent  conveyance,
moratorium, reorganization and other laws of general applicability related to or
affecting creditors' rights and (ii) general principles of equity (regardless of
whether  considered  in  a  proceeding  in  equity  or  at  law).

     10. The execution, delivery, and performance of the Operative Documents and
the  consummation of the transactions contemplated thereby by the Company do not
and  will  not  violate  any  provision of the Declaration of Trust or Trustee's
Regulations  of  the  Company  or,  to  the  best knowledge of such counsel, any
federal  or  New  York  statute,  rule or regulation known by such counsel to be
generally  applicable  to  similar  transactions.

     11. The issuance of the Notes, and issuance of the Conversion Shares by the
Company to satisfy the conversion rights of the Notes, will not require approval
of  the  shareholders  of  the  Company  under  Washington  law.

     12.  No  consent,  approval,  authorization,  order,  registration, filing,
qualification,  license  or  permit  of  or  with  any  court  or  any  public,
governmental,  or regulatory agency or body having jurisdiction over the Company
or  any  of  its properties or assets is required under any law or regulation of
the United States or of the State of New York, under the Massachusetts Trust Act
of  1959  or the Washington Business Corporation Act for the execution, delivery
and  performance  of  the  Operative  Documents  or  the  consummation  of  the
transactions  contemplated thereby, except for (1) such as may be required under
state  securities  or  Blue  Sky  laws  in  connection  with  the  purchase  and
distribution  of  the  Notes  by the Initial Purchaser (as to which such counsel
expresses  no  opinion), (2) such as may be required under the Securities Act or
the Exchange Act and the Trust Indenture Act of 1939, as amended and (3) such as
are  required  under  the  Registration  Rights Agreement in connection with the
Company's  obligations  thereunder.

     13. No registration under the Securities Act of the Notes or the Conversion
Shares,  and  no qualification of the Indenture under the Trust Indenture Act of
1939,  as amended is required for the offer and sale of the Notes by the Company
to  the  Initial Purchaser or the reoffer and resale of the Notes by the Initial
Purchaser  to the initial purchasers therefrom solely in the manner contemplated
by  the  Offering Memorandum, the Purchase Agreement and the Indenture, assuming
the  representations,  warranties  and  covenants of the Company and the Initial
Purchaser in Sections 1, 3 and 4 of the Purchase Agreement have been and will be
complied  with.

     14.  When the Notes are issued and delivered pursuant to this Agreement, no
Note  will  be  of  the  same  class  (within  the  meaning of Rule 144A) as any
securities  of  the  Company  that

                                    ANNEX I-2

are  listed  on a national securities exchange registered under Section 6 of the
Exchange  Act  or  that  are  quoted  in  a United States automated inter-dealer
quotation  system.

     15. The statements under the caption "Material United States Federal Income
Tax  Considerations" in the Offering Memorandum, while not purporting to address
all  possible  federal  tax consequences of investing in a Note, insofar as they
constitute  statements  of  United  States  federal  income  tax  law  or  legal
conclusions,  accurately  summarize  the  material  United  States  income  tax
consequences  to  holders  of  the  Notes.

     16.  The Company is not an "investment company," as such term is defined in
the  Investment  Company  Act.

     17.  The  purchase by an existing shareholder who owns less than 15% of the
outstanding  shares  of beneficial interest of the Company of a pro rata portion
of the Notes being sold in the offering does not constitute a "Triggering Event"
under the Company's Rights Plan as amended. The purchase by an Eligible Purchase
of  Notes  in  this  Offering  will  not constitute a Triggering Event under the
Company's Rights Plan as amended, so long as, upon consummation of the Offering,
no  purchaser  is  the  beneficial  owner of 15% or more in the aggregate of the
Company's outstanding shares of beneficial interest and the shares of beneficial
interest  into  which  the  Notes  are  convertible.

                                    ANNEX I-3

<PAGE>

                                                                        ANNEX II

                        Form of Opinion of Sangra, Moller
                        ---------------------------------

     1.  To such counsel's knowledge and other than as set forth in the Offering
Memorandum,  there are no legal or governmental proceedings pending to which the
Company  or  any  of  its  significant  subsidiaries  is a party or of which any
property  of  the  Company or any of its significant subsidiaries is the subject
that  is  likely  to,  individually or in the aggregate, have a Material Adverse
Effect;  and, to such counsel's knowledge, no such proceedings are threatened or
contemplated  by  governmental  authorities  or  threatened  by  others.

     2.  To such counsel's knowledge, the execution, delivery and performance of
the  Operative  Documents  and the consummation of the transactions contemplated
thereby  by  the  Company  do  not and will not (A) conflict with or result in a
breach  of  any  of  the terms and provisions of, or constitute a default (or an
event  which  with notice or lapse of time, or both, would constitute a default)
under,  or  result  in  the  creation  or  imposition  of  any  lien,  charge or
encumbrance  upon  any  property  or  assets  of  the  Company  or  any  of  its
subsidiaries pursuant to, any indenture, mortgage, deed of trust, loan agreement
or  any  other agreement, instrument, franchise, license or permit identified to
such  counsel  as material and listed as exhibits to the Company's Annual Report
on  Form  10-K  for the year ended December 31, 2002 and the Company's Quarterly
reports  on Form 10-Q for the periods ended March 31, 2003 and June 30, 2003, or
(B)  violate  or  conflict  with  any applicable laws of the Province of British
Columbia  or the federal laws of Canada applicable therein, or, to the knowledge
of such counsel, any judgment, decree, order, rule or regulation of any court or
any  public,  governmental or regulatory agency or body having jurisdiction over
the  Company  or  any of its significant subsidiaries or any of their respective
properties  or assets. For purposes of this opinion, counsel may assume that all
courts  of  competent  jurisdiction  would  enforce  agreements  and  orders not
expressly  governed  by  Canadian law as written but would apply the laws of the
Province  of  British  Columbia.

     3.  The  offering,  issue, sale and delivery of the Notes by the Company to
the  Initial  Purchaser  and  by the Initial Purchaser to its affiliates who are
permitted  under  applicable  securities laws to offer and sell the Notes in the
Private  Placement  Provinces (the "Affiliates") in compliance with the terms of
this  Agreement,  the  Offering  Memorandum  and the Wrap Information is exempt,
either  by  statute,  rule,  regulation,  interpretation note or order, from the
prospectus  requirements  of  the  applicable  Canadian  Securities Laws, and no
prospectus is required nor are other documents required to be filed, proceedings
taken  or  approvals,  permits, consents, orders or authorizations of regulatory
authorities obtained under the applicable Canadian Securities Laws to permit the
offering,  issue,  sale  and  delivery of the Notes by the Company in accordance
with  this  Purchase  Agreement.

     4.  The  offering,  issue,  sale  and  delivery of the Notes by the Initial
Purchaser  or  its  Affiliates  to  the  Eligible  Purchasers,  in each case, in
accordance  with  the  terms  and  conditions  set  forth in this Agreement, the
Offering  Memorandum  and  the Wrap Information and assuming the accuracy of the
representations  and  warranties  of  such  parties therein, are exempt from the
prospectus  requirements  of  the Canadian Securities Laws, and no documents are
required  to  be  filed,  proceedings  taken  or approvals, permits, consents or
authorizations  of regulatory

                                   ANNEX II-1

authorities obtained under the applicable Canadian Securities Laws in connection
therewith,  other  than  those which have been obtained and, with respect to the
distribution  of  the  Notes,  except  for the filing with the relevant Canadian
Commissions in each Private Placement Province in which an Eligible Purchaser is
resident, by or on behalf of the Company, within the prescribed time periods, of
(i)  a  copy  of  the  Offering Memorandum and Wrap Information with the Ontario
Securities  Commission,  (ii)  a  report  of  the  trade in the prescribed form,
prepared  and  executed  in accordance with applicable Canadian Securities Laws,
and  (iii) a certificate prepared in accordance with Policy Statement 41-601Q of
the  Commission  des  valuers mobilieres du Quebec, together with any prescribed
fees.

     5.  The  first  trade  of  the  Notes  sold by the Initial Purchaser or its
Affiliates  to  purchasers  resident  in  a  Private  Placement Province, except
Quebec,  other  than  a  trade  which  is  otherwise  exempt  under the Canadian
Securities  Laws,  will  be  a  distribution  subject  to  the  prospectus  and
registration  requirements  of  the  Canadian Securities Laws to the extent that
they  apply,  unless:

     (a)  the  Company is and has been a reporting issuer in a Private Placement
Province  specified  in  Multilateral  Instrument  45-102  for  the  four months
immediately  preceding  the  trade;

     (b)  at least four months have elapsed from the date of issue of the Notes;

     (c)  the  legend  requirements  of Multilateral Instrument 45-102 have been
satisfied;

     (d)  the  trade is not a "control distribution", as such term is defined in
Multilateral  Instrument  45-102;

     (e)  no  unusual effort is made to prepare the market or to create a demand
for  the  Notes  that  are  the  subject  of  the  trade;

     (f)  no  extraordinary  commission  or consideration is paid to a person or
company  in  respect  of  the  trade;  and

     (g)  if  the seller is an insider or officer of the Company, the seller has
no  reasonable  grounds  to believe that the Company is in default of securities
legislation.

     6.  The  first  trade  of  the  Notes  sold by the Initial Purchaser or its
Affiliates  to purchasers resident in the Province of Quebec, other than a trade
which  is  otherwise  exempt  under  the  Securities  Act  (Quebec),  will  be a
distribution  subject  to  the  prospectus  and registration requirements of the
Securities  Act  (Quebec)  to  the  extent  that  it  applies,  unless:

     (a)  the  Company  was  a  reporting  issuer in Quebec for a period of four
months  immediately  preceding  the  alienation;

     (b)  the  purchaser  and  subsequent  purchasers have in aggregate kept the
securities  for  at  least  four  months;

     (c)  no  extraordinary  commission  or consideration is paid concerning the
alienation;

     (d)  no  effort  is  made  to prepare the market or create a demand for the
Notes  that  are  the  subject  of  the  alienation;  and

                       ANNEX II-2

<PAGE>

     (e) where the seller is an insider of the Company, the seller has no reason
to  believe  that  the  Company  is  in  default  of any securities legislation.

     7.  The  Conversion Shares have been authorized for quotation on the Nasdaq
National  Market.

     8.  The issuance of Conversion Shares by the Company to Eligible Purchasers
resident  in a Private Placement Province will be exempt from the prospectus and
registration  requirements of the Canadian Securities Laws, and no documents are
required  to  be  filed,  proceedings  taken  or approvals, permits, consents or
authorizations  of regulatory authorities obtained under the Canadian Securities
Laws  in  connection  therewith,  provided  that:

     (a)  no  commission  or  other  remuneration  is paid or given to others in
respect  of the trade, except for administrative or professional services or for
services  performed  by  a  registered  dealer;  and

     (b) the Company files with the Canadian Commission in the Private Placement
Province  in  which  such Eligible Purchaser is resident the required notice and
pays  the applicable fee in accordance with applicable Canadian Securities Laws.

     9. The first trade in Conversion Shares by purchasers resident in a Private
Placement  Province, except Quebec, other than a trade which is otherwise exempt
under Canadian Securities Laws, will be a distribution subject to the prospectus
and  registration  requirements  of  the  Canadian  Securities  Laws,  unless:

     (a)     the  Company  is  and  has  been  a  reporting  issuer in a Private
Placement  Province  specified  in  Multilateral  Instrument 45-102 for the four
months  immediately  preceding  the  trade;

     (b)  at least four months have elapsed from the date of issue of the Notes;

     (c)  the  legend  requirements  of Multilateral Instrument 45-102 have been
satisfied;

     (d)  the  trade is not a "control distribution", as such term is defined in
Multilateral  Instrument  45-102;

     (e)  no  unusual effort is made to prepare the market or to create a demand
for  the  Conversion  Shares  that  are  the  subject  of  the  trade;

     (f)  no  extraordinary  commission  or consideration is paid to a person or
company  in  respect  of  the  trade;  and

     (g)  if  the seller is an insider or officer of the Company, the seller has
no  reasonable  grounds  to believe that the Company is in default of securities
legislation.

     10.  The  first trade in Conversion Shares by purchasers in the Province of
Quebec,  other  than  a  trade  which  is  otherwise exempt under Securities Act
(Quebec),  will  be  a  distribution  subject to the prospectus and registration
requirements  of  the  Securities  Act  (Quebec),  unless:

     (a) the issuer was a reporting issuer in Quebec for a period of four months
immediately  preceding  the  alienation;

                                 ANNEX II-3

<PAGE>

     (b)  the  purchaser  and  subsequent  purchasers have in aggregate kept the
securities  for  at  least  four  months;

     (c)  no  extraordinary  commission  or consideration is paid concerning the
alienation;

     (d)  no  effort  is  made  to prepare the market or create a demand for the
Conversion  Shares  that  are  the  subject  of  the  alienation;  and

     (e) where the seller is an insider of the Company, the seller has no reason
to  believe  that  the  Company  is  in  default  of any securities legislation.

     11.  The  statements  in  the Wrap Information under the caption "Rights of
Action",  insofar  as such statements purport to describe or summarize the legal
matters,  documents,  statutes,  regulations or proceedings referred to therein,
are  accurate  descriptions  or  summaries  in  all  material  respects.

     12. No registration, filing or recording of the Indenture under the federal
laws  of  Canada or the laws of the Province of British Columbia is necessary in
order  to preserve or protect the validity or enforceability of the Indenture or
the  Notes  issued  thereunder.

     13. Subject to the limitations and qualifications set out therein and based
on a certificate of an officer of the Company as to certain factual matters, the
statements  in  the Wrap Information under the heading "Certain Canadian Federal
Income  Tax  Considerations  for  Canadian  Residents"  fairly  describe  in all
material  respects  the principal Canadian federal income tax consequences under
the  Income  Tax Act (Canada) insofar as they purport to describe the provisions
of  law  referred  to  therein  generally applicable to the holders of Notes and
Conversion  Shares  referred  to  therein.

     14.  The  Shares of Beneficial Interest to be issued upon conversion of the
Notes  have  been conditionally approved for listing on the TSX, subject only to
the  filing  of  certain  documents.

     15.  The statements set forth in the Offering Memorandum under the captions
"Description  of  Notes"  and  "Description  of  Capital  Stock,"  insofar as it
purports  to  constitute  a  summary  of the Notes and the Conversion Shares and
under  the  captions  "Business  -  Rosenthal Conversion Project and Financing,"
"Business  -  Stendal  Pulp  Mill  Project  and  Financing - Project Financing,"
"Description  of  Certain  Indebtedness," and "Plan of Distribution," insofar as
they  purport  to  describe  the  provision of the laws and documents referenced
therein,  are  accurate  summaries  in  all  material  respects.

     In  addition, such opinion shall also contain a statement that such counsel
has  participated  in  conferences  with  officers  and  representatives  of the
Company,  representatives  of the independent public accountants for the Company
and  the  Initial Purchaser at which the contents of the Offering Memorandum and
related  matters were discussed and, as a result of such participation, no facts
have  come  to  the attention of such counsel that cause such counsel to believe
that  the  Offering Memorandum (including the Incorporated Documents), as of its
date  (or  any amendment thereof or supplement thereto made prior to the Closing
Date as of the date of such amendment or supplement) and as of the Closing Date,
contained or contains an untrue statement of a material fact or omitted or omits
to  state  any material fact required to be stated

                                   ANNEX II-4

<PAGE>

therein  or  necessary  in order to make the statements therein, in light of the
circumstances  under  which  they were made, not misleading (it being understood
that  such  counsel  need  express  no  belief  or  opinion  with respect to the
financial  statements and schedules and other financial data included therein or
omitted  therefrom).

                                   ANNEX II-5

<PAGE>

                                                                       ANNEX III

                            Form of Lock-Up Agreement
                            -------------------------

RBC  DAIN  RAUSCHER  INC.
Royal  Bank  Plaza
4th  Floor,  South  Tower
200  Bay  Street
Toronto,  Ontario  M5J  2W7

     Re:     Mercer  International  Inc.
             ---------------------------

Ladies  and  Gentlemen:

     In  consideration  of  the  agreement  of  RBC Dain Rauscher Inc. to act as
Initial  Purchaser  for  the  proposed  offering (the "OFFERING") of Convertible
Senior Subordinated Notes (the "NOTES") of Mercer International Inc., a business
trust  organized  under  the laws of the State of Washington (the "COMPANY"), as
contemplated  by  an offering memorandum, the undersigned hereby (i) agrees that
the undersigned will not, directly or indirectly, during a period of one hundred
eighty  (180)  days  from  the  date  of  the purchase agreement entered into in
connection  with  the Offering (the "LOCK-UP PERIOD"), without the prior written
consent  of RBC Dain Rauscher Inc. (such consent not to be unreasonably withheld
or  delayed), issue, sell, offer or agree to sell, grant any option for the sale
of,  pledge,  make  any  short sale or maintain any short position, establish or
maintain a "put equivalent position" (within the meaning of Rule 16-a-1(h) under
the  Securities  Exchange  Act  of  1934,  as  amended),  enter  into  any swap,
derivative  transaction or other arrangement that transfers to another, in whole
or  in  part, any of the economic consequences of ownership of (whether any such
transaction is to be settled by delivery of Shares of Beneficial Interest of the
Company  (the  "SHARES OF BENEFICIAL INTEREST"), other securities, cash or other
consideration),  or  otherwise dispose of, any Shares of Beneficial Interest (or
any  securities  convertible into, exercisable for or exchangeable for Shares of
Beneficial  Interest,  including  the  Notes,  (the  "EXCHANGEABLE  SHARES")) or
interest  therein  of  the  Company, or any Shares of Beneficial Interest or any
securities  convertible  into,  exercisable  for  or  exchangeable for Shares of
Beneficial Interest or interest therein of any of its subsidiaries, unless it is
a condition to any such transfer that the transferee certifies in writing to RBC
Dain  Rauscher Inc. that (x) such transferee is receiving and holding the Shares
of  Beneficial  Interest  or  other securities subject to the provisions of this
Agreement  and  that  there  shall  be  no  further  transfer  of such Shares of
Beneficial  Interest  or  other  securities  except  in  accordance  with  this
Agreement,  and (y) such transferee will comply with the terms of this Agreement
as  if  such  transferee  were  bound by this Agreement, and (ii) authorizes the
Company  during  the  Lock-Up  Period  to cause the transfer agent to decline to
transfer  and/or  to  note  stop transfer restrictions on the transfer books and
records of the Company with respect to any Shares of Beneficial Interest and any
securities  convertible  into,  exercisable  for  or  exchangeable for Shares of
Beneficial  Interest (including the Notes and the Exchangeable Shares) for which
the  undersigned  is  the  record  or  beneficial  holder.

     The undersigned agrees that any Shares of Beneficial Interest received upon
exercise  of  options  granted  to  the undersigned will also be subject to this
Agreement.  The

                                  ANNEX III-1

undersigned  further  agrees,  from the date hereof until the end of the Lock-up
Period,  that  the  undersigned will not exercise and will waive his, her or its
rights,  if  any,  to  require  the Company to register its Shares of Beneficial
Interest  and  to  receive  notice  thereof.

     The  undersigned  hereby  represents  and warrants that the undersigned has
full  power  and  authority  to  enter into the agreements set forth herein, and
that,  upon  request,  the  undersigned  will  execute  any additional documents
necessary  in  connection  with  implementing the agreements, authorizations and
other terms hereof. Any obligations of the undersigned shall be binding upon the
successors  and  assigns  of  the  undersigned.

                                                 Very  truly  yours,

Dated:                 ,  2003
      -----------------

                                  ANNEX III-2

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