GLOBAL FINANCIAL ADVISORS

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GLOBAL FINANCIAL ADVISORS

7853 E. Arapahoe Ct, Suite 2700• Centennial, CO 80112 (720) 408-2603 • Fax: (720) 408-2656

To: David Neugebauer CC: Trenton Staley From: Ted Scarbrough

Date: 1/7/2015 Data Month: November 2014 Re: CSFB 2003-CF14 (SPS) - Review Highlights

General Loan Delinquency Status Highlights:

1. As of November 2014, UPB of Current loans represent 57% of the total portfolio UPB.

2. The UPB of loans 30 days delinquent decreased 23% from October 2014 balances.

a. Primarily represented by the movement of 4 loans totaling $417K to 60 day status. See loan-level comments below for loan #4035119(UPB $139K), loan #4032538(UPB $92K), and loan #7002887870(UPB $130K).

3. The UPB of loans 60 days delinquent increased 62% from October 2014 balances.

a. Primarily represented by the movement of 4 loans totaling $417K from 30 status, referenced above.

4. As of November 2014, UPB of FC loans represent 8% of the total portfolio UPB.

Loan Level Comments:

1. Loan #4035119, UPB $139K, is next due for 09/01/14. Property is located in Cincinnati, OH, and most recent BPO, dated 12/03/14, valued the property at $145K. No new payments. File has not yet been referred to FC. File under loss mit review, as of 12/03/14, full docs still needed. No new contact after several attempts. An inspection dated 12/18/14 confirmed occupancy, (additional review data available on Category Status Review).

2. Loan #4032538, UPB $92K, was next due for 09/01/14. Property is located in Jackson, MS and most recent BPO, dated 07/12/14, valued the property at $99K. Borrower last paid $1,376.83 on 01/02/15

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GLOBAL FINANCIAL ADVISORS

bringing the loan due for 11/01/14. There is $375.89 in suspense. Demand sent 01/05/15, expires 02/19/15. No new contact. An inspection dated 12/23/14 confirmed occupancy, (additional review data available on Category Status Review).

3. Loan #7002887870, UPB $130K, was next due for 09/01/14. Property is located in Conyers, GA, and most recent BPO, dated 09/16/14, valued property at $85K. Borrower last paid $563.95 on 12/05/14 bringing the loan due for 10/01/14. Demand sent 12/08/14, expires 01/08/15. Last contact on 12/24/14, borrower stated would try to make 2 payments in January. Borrower declined loss mit options, (additional review data available on Category Status Review).

4. Loan #4031324, UPB $111K, was next due for 11/01/14. Property is located in Charlotte, NC, and most recent BPO, dated 06/09/14, valued property at $102K. BK. Borrower is post-petition due for 12/01/14. Borrower last paid $1,186.91 on 12/01/14. Loan is contractually due for 12/01/14. Servicer is monitoring BK for discharge/dismissal, (additional review data available on Category Status Review).

5. Loan #4023750, UPB $78K, is next due for 10/01/14. Property is located in Albuquerque, NM, and most recent BPO, dated 10/15/14, valued property at $200K. No new payments. There is $340.46 in suspense. Demand expired 12/20/14, file not yet referred to FC. No new contact after several attempts. An inspection dated 12/05/14 confirmed occupancy, (additional review data available on Category Status Review).

6. Loan #4015814, UPB $76K, was next due for 10/01/14. Property is located in Riviera Beach, FL, and most recent BPO, dated 10/17/14, valued property at $95K. Borrower last paid $1,550.80 on 01/02/15 bringing the loan due for 01/01/15. Last contact on 12/03/14, borrower called to make a payment, did not provide financials for loss mit as he was in a meeting at that time. An inspection dated 12/05/14 confirmed occupancy, (additional review data available on Category Status Review).

7. Loan #4015558, UPB $109K, is next due for 06/01/14. Property is located in Chicago, IL, and most recent BPO, dated 11/13/14, valued property at $90K. No new payments. There is still $250 in suspense. Servicer still working on possible HAMP. Last contact on 12/24/14, servicer advised borrower was approved for trial mod; details of plan unknown, (additional review data available on Category Status Review).

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GLOBAL FINANCIAL ADVISORS

8. Loan #4035390, UPB $134K, is next due for 05/01/14. Property is located in Omaha, NE, and most recent BPO, dated 11/20/14, valued the property at $149K. No new payments. Last contact on 12/30/14, borrower called to set up a payment for 01/09/15. Servicer advised of cure amount and advised needed clarification of bank statements to proceed with HAMP review, (additional review data available on Category Status Review).

9. Loan #3967205, UPB $111K, is next due for 05/01/14. Property is located in Miami Beach, FL, and most recent BPO, dated 12/21/14, valued the property at $325K. FC. Complaint filing reprojected to 02/09/15. Original Note requested 12/29/14. No new contact. An inspection dated 12/04/14 confirmed occupancy, (additional review data available on Category Status Review).

10. Loan #2432581, UPB $107K, is next due for 02/01/14. Property is located in Hamilton Township, NJ, and most recent BPO, dated 12/22/14, valued the property at $225K. FC. File referred to attorney on 12/10/14. Complaint filing projected for 02/17/15. No new contact. An inspection dated 12/23/14 confirmed occupancy. As of 12/22/14, insurance claims department received a withdrawn letter from the insurance company as the borrower wished to withdraw the claim, (additional review data available on Category Status Review). 11. Loan #4030367 UPB $82K, was next due for 01/01/14. Property is

located in Stone Mountain, GA, and most recent BPO, dated 12/02/14, valued the property at $48K. Loan has been marked as no equity by servicer. Borrower last paid $359.60 on 12/05/14 but payment was NSF. Loan is still due for 12/01/13. Last contact on 12/29/14, servicer advised of short payoff, they need a counter offer of $24,749. Borrower agreed to that offer amount, but stated it will take 30 days to get the funds together, (additional review data available on Category Status Review).

12. Loan #4037354, UPB $194K, is next due for 5/1/13. Property is located in Pomfret Center, CT, and most recent BPO, dated 07/31/14, valued the property at $199K. FC/FB. Borrower last paid $1,321.84 on 12/31/14 as the third and final plan payment. Mod is being processed. Last contact on 12/30/14, borrower called to make a payment, (additional review data available on Category Status Review).

13. Loan #4023990, UPB $169K, is next due for 04/01/14. Property is located in Memphis, TN, and the most recent BPO, dated 10/28/14, valued the property at $170K. No new payments. There is still $464.41 in suspense. Still under HAMP review. Last contact on

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GLOBAL FINANCIAL ADVISORS

12/09/14 with authorized third party wanting to know the status, servicer advised of docs needed by 12/20/14. Incomplete loss mit docs received 12/17/14, (additional review data available on Category Status Review).

14. Loan #1761089, UPB $171K, is REO. Property is located in Levittown, PA, and most recent BPO, dated 11/19/10, valued the property at $115K. VA is handling the post FC activities for this property. SPS continues to wait for the part B portion of the claim, for advances, to be paid. The part B claim will be paid once VA completes the post FC activities. There is no estimated timeline for a resolution. The FC sale took place on 10/14/11 and the FC deed was received on 2/17/12. SPS posted $96,950.43 to suspense in early October 2012 as part of the VA claim. There is $8,922.14 in restricted escrow from an HI claim due to water damage, (additional review data available on Category Status Review).

15. Loan #4036810, UPB $105K, is next due for 12/1/13. Property is located in Deer Park, TX. The most recent BPO, dated 01/02/15, valued the property at $120K. FC. FC sale postponed for loss mit review. Last contact on 12/26/14, borrower was advised loss mit packet was received and under review. An inspection dated 12/09/14 confirmed occupancy, (additional review data available on Category Status Review).

16. Loan #4029765, UPB $150K, is REO. Property is located in Lago Vista, TX, and the most recent BPO, dated 10/06/14, valued the property at $50K. REO. Property listed at $159,900 on 12/15/14. Two offers have been received as of 12/30/14, but property not yet under contract, (additional review data available on Category Status Review).

17. Loan #4017471, UPB $89K, is next due for 08/12/12. Property is located in College Park, GA, and most recent BPO, dated 12/06/13, valued property at $41.3K. The loan has been in No Equity status since 7/28/11. No new payments. There is $392.02 in suspense. No new contact, (additional review data available on Category Status Review).

18. Loan #3665163, UPB $418K, is REO. Property is located in Sahuarita, AZ, and the most recent BPO, dated 11/24/14, valued the property at $250K. REO. Property listed for $299,500 on 12/09/14, no offers as of 01/05/15, (additional review data available on Jumbo Status Review).

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GLOBAL FINANCIAL ADVISORS

19. Loan #2712743, UPB $439K, is next due for 9/1/11. Property is located in Mountainside, NJ, and the most recent BPO, dated 10/09/14, valued the property at $540K. FC. FC sale date projected for 04/01/15. No new contact. An inspection dated 12/08/14 confirmed occupancy, (additional review data available on Jumbo Status Review).

20. Loan #4034880, UPB $269K, is next due for 5/1/13. Property is located in Sewell, NJ, and most recent BPO, dated 10/02/14, valued the property at $354.9K. FC. Complaint not yet filed, ACT/Demand letter reprojected to 01/12/15, a request was submitted on 12/29/14 to have the new NOI sent out. Last contact on 12/13/14, servicer advised of pending FC action, borrower wanted fax number to send in profit and loss docs and requested a 4506T form, (additional review data available on Jumbo Status Review).

21. Loan #4034658, UPB $326K, is next due for 05/01/14. Property is located in Desoto, TX, and most recent BPO, dated 12/29/14, valued property at $239K. No new payments. There is still $1,900 in suspense. Last contact on 12/29/14, borrower called to set up a payment for 12/30/14; no funds received. Servicer did advise file was still under mod review, no further docs needed, (additional review data available on Jumbo Status Review).

22. Loan #4032702, UPB $267K, is next due for 10/01/14. Property is located in Vallejo, CA, and most recent BPO, dated 12/09/14, valued property at $348K. Borrower last paid $1,800 on 11/21/14. There is $169.07 in suspense. Demand sent 11/24/14, expired 12/25/14. File not yet referred to FC, pre-FC referral letter sent on 12/26/14. No new contact. An inspection dated 12/01/14 confirmed occupancy, (additional review data available on Jumbo Status Review).