EXHIBIT 10.1
CONTACT: CUSTOMER SERVICES -- CTSLINK
WELLS FARGO BANK MINNESOTA, N.A.
SECURITIES ADMINISTRATION SERVICES
7485 NEW HORIZON WAY
FREDERICK, MD 21703
WWW.CTSLINK.COM
TELEPHONE:(301) 815-6600
FAX: (301) 315-6660
SMT SERIES 2002-8
RECORD DATE: FEBRUARY 27, 2004
DISTRIBUTION DATE: MARCH 22, 2004
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
- ------ ---------- ----------- ------------ -------------- ------------ ------------
1-A1 81743RAA0 SEN 1.22125% 0.00 0.00 0.00
1-A2 81743RAB8 SEN 3.45500% 28,543,169.05 82,180.54 951,313.25
2A 81743RAC6 SEN 1.39125% 374,140,463.65 433,769.10 3,653,824.53
3A 81743RAD4 SEN 2.97484% 35,612,614.63 88,284.82 1,168,503.87
X-1 81743RAE2 IO 1.76663% 0.00 42,021.10 0.00
X-2A 81743RAFf9 IO 1.05074% 0.00 135,108.39 0.00
X-2B 81743AFG7 IO 1.17379% 0.00 215,039.22 0.00
X-B 81743RAH5 IO 1.26808% 0.00 9,583.52 0.00
A-R 81743RAJ1 SEN 5.37281% 0.00 0.00 0.00
B-1 81743RAK8 SUB 1.76625% 9,069,000.00 13,348.43 0.00
B-2 81743RAL6 SUB 3.03433% 5,505,000.00 13,919.99 0.00
B-3 81743RAM4 SUB 3.03433% 3,886,000.00 9,826.17 0.00
B-4 SMT0208B4 SUB 3.03433% 1,618,000.00 4,091.29 0.00
B-5 SMT0208B5 SUB 3.03433% 970,000.00 2,452.75 0.00
B-6 SMT0208B6 SUB 3.03433% 2,306,324.82 5,831.79 0.00
-------------- ------------ ------------
Totals 461,650,572.15 1,055,457.11 5,773,641.65
-------------- ------------ ------------
Current Ending Cumulative
Realized Certificate Total Realized
Class CUSIP Loss Balance Distribution Loss
- ------ ---------- -------- -------------- ------------ --------------
1-A1 81743RAA0 0.00 0.00 0.00 0.00
1-A2 81743RAB8 0.00 27,591,855.80 1,033,493.79 0.00
2A 81743RAC6 0.00 370,486,639.12 4,087,593.63 0.00
3A 81743RAD4 0.00 34,444,110.76 1,256,788.69 0.00
X-1 81743RAE2 0.00 0.00 42,021.10 0.00
X-2A 81743RAFf9 0.00 0.00 135,108.39 0.00
X-2B 81743AFG7 0.00 0.00 215,039.22 0.00
X-B 81743RAH5 0.00 0.00 9,583.52 0.00
A-R 81743RAJ1 0.00 0.00 0.00 0.00
B-1 81743RAK8 0.00 9,069,000.00 13,348.43 0.00
B-2 81743RAL6 0.00 5,505,000.00 13,919.99 0.00
B-3 81743RAM4 0.00 3,886,000.00 9,826.17 0.00
B-4 SMT0208B4 0.00 1,618,000.00 4,091.29 0.00
B-5 SMT0208B5 0.00 970,000.00 2,452.75 0.00
B-6 SMT0208B6 0.00 2,306,324.82 5,831.79 0.00
---- --------------- ------------ ----
Totals 0.00 455,876,930.50 6,829,098.76 0.00
---- -------------- ------------ ----
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled
Original Face Certificate Principal Principal
Class Amount Balance Distribution Distribution Accretion
- ------ -------------- -------------- ------------ ------------ ---------
1-A1 50,000,000.00 0.00 0.00 0.00 0.00
1-A2 61,468,000.00 28,543,169.05 0.00 951,313.25 0.00
2A 463,097,000.00 374,140,463.65 0.00 3,653,824.53 0.00
3A 49,973,000.00 35,612,614.63 0.00 1,168,503.87 0.00
X-1 0.00 0.00 0.00 0.00 0.00
X-2A 0.00 0.00 0.00 0.00 0.00
X-2B 0.00 0.00 0.00 0.00 0.00
X-B 0.00 0.00 0.00 0.00 0.00
A-R 100.00 0.00 0.00 0.00 0.00
B-1 9,069,000.00 9,069,000.00 0.00 0.00 0.00
B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00
B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00
B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00
B-5 970,000.00 970,000.00 0.00 0.00 0.00
B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00
-------------- -------------- ---- ------------ ----
Totals 647,892,424.82 461,650,572.15 0.00 5,773,641.65 0.00
-------------- -------------- ---- ------------ ----
Ending Ending
Realized Total Principal Certificate Certificate Total Principal
Class Loss (1) Reduction Balance Percentage Distribution
- ------ -------- --------------- -------------- ----------- ---------------
1-A1 0.00 0.00 0.00 0.00000000 0.00
1-A2 0.00 951,313.25 27,591,855.80 0.44888163 951,313.25
2A 0.00 3,653,824.53 370,486,639.12 0.80001952 3,653,824.53
3A 0.00 1,168,503.87 34,444,110.76 0.68925441 1,168,503.87
X-1 0.00 0.00 0.00 0.00000000 0.00
X-2A 0.00 0.00 0.00 0.00000000 0.00
X-2B 0.00 0.00 0.00 0.00000000 0.00
X-B 0.00 0.00 0.00 0.00000000 0.00
A-R 0.00 0.00 0.00 0.00000000 0.00
B-1 0.00 0.00 9,069,000.00 1.00000000 0.00
B-2 0.00 0.00 5,505,000.00 1.00000000 0.00
B-3 0.00 0.00 3,886,000.00 1.00000000 0.00
B-4 0.00 0.00 1,618,000.00 1.00000000 0.00
B-5 0.00 0.00 970,000.00 1.00000000 0.00
B-6 0.00 0.00 2,306,324.82 1.00000000 0.00
---- ------------ -------------- ----------- ------------
Totals 0.00 5,773,641.65 455,876,930.50 0.70363059 5,773,641.65
---- ------------ -------------- ----------- ------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.
PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled
Original Face Certificate Principal Principal
Class Amount Balance Distribution Distribution Accretion
- ----- -------------- ------------- ------------ ------------ ----------
1-A1 50,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A2 61,468,000.00 464.35818719 0.00000000 15.47656097 0.00000000
2A 463,097,000.00 807.90949553 0.00000000 7.88997668 0.00000000
3A 49,973,000.00 712.63711664 0.00000000 23.38270406 0.00000000
X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-2B 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 9,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending
Realized Principal Certificate Certificate Total Principal
Class Loss (3) Reduction Balance Percentage Distribution
- ----- ---------- ----------- ------------- ----------- ---------------
1-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A2 0.00000000 15.47656097 448.88162621 0.44888163 15.47656097
2A 0.00000000 7.88997668 800.01951885 0.80001952 7.88997668
3A 0.00000000 23.38270406 689.25441258 0.68925441 23.38270406
X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-2B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.
INTEREST DISTRIBUTION STATEMENT
Payment of
Current Beginning Current Unpaid
Original Face Certificate Certificate/ Accrued Interest
Class Amount Rate Notional Balance Interest Shortfall
- ------ -------------- ----------- ---------------- ------------ ----------
1-A1 50,000,000.00 1.22125% 0.00 0.00 0.00
1-A2 61,468,000.00 3.45500% 28,543,169.05 82,180.54 0.00
2A 463,097,000.00 1.39125% 374,140,463.65 433,769.10 0.00
3A 49,973,000.00 2.97484% 35,612,614.63 88,284.82 0.00
X-1 0.00 1.76663% 28,543,169.05 42,021.10 0.00
X-2A 0.00 1.05074% 154,300,346.81 135,108.39 0.00
X-2B 0.00 1.17379% 219,840,116.84 215,039.22 0.00
X-B 0.00 1.26808% 9,069,000.00 9,583.52 0.00
A-R 100.00 5.37281% 0.00 0.00 0.00
B-1 9,069,000.00 1.76625% 9,069,000.00 13,348.43 0.00
B-2 5,505,000.00 3.03433% 5,505,000.00 13,919.99 0.00
B-3 3,886,000.00 3.03433% 3,886,000.00 9,826.17 0.00
B-4 1,618,000.00 3.03433% 1,618,000.00 4,091.29 0.00
B-5 970,000.00 3.03433% 970,000.00 2,452.75 0.00
B-6 2,306,324.82 3.03433% 2,306,324.82 5,831.79 0.00
-------------- ------------ ----
Totals 647,892,424.82 1,055,457.11 0.00
-------------- ------------ ----
Remaining Ending
Current Non-Supported Unpaid Certificate/
Interest Interest Realized Total Interest Interest Notational
Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance
- ------ --------- ------------- -------- -------------- --------- --------------
1-A1 0.00 0.00 0.00 0.00 0.00 0.00
1-A2 0.00 0.00 0.00 82,180.54 0.00 27,591,855.80
2A 0.00 0.00 0.00 433,769.10 0.00 370,486,639.12
3A 0.00 0.00 0.00 88,284.82 0.00 34,444,110.76
X-1 0.00 0.00 0.00 42,021.10 0.00 27,591,855.80
X-2A 0.00 0.00 0.00 135,108.39 0.00 152,869,164.45
X-2B 0.00 0.00 0.00 215,039.22 0.00 217,617,474.67
X-B 0.00 0.00 0.00 9,583.52 0.00 9,069,000.00
A-R 0.00 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00 13,348.43 0.00 9,069,000.00
B-2 0.00 0.00 0.00 13,919.99 0.00 5,505,000.00
B-3 0.00 0.00 0.00 9,826.17 0.00 3,886,000.00
B-4 0.00 0.00 0.00 4,091.29 0.00 1,618,000.00
B-5 0.00 0.00 0.00 2,452.75 0.00 970,000.00
B-6 0.00 0.00 0.00 5,831.79 0.00 2,306,324.82
---- ---- ---- ------------ ----
Totals 0.00 0.00 0.00 1,055,457.11 0.00
---- ---- ---- ------------ ----
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.
INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of
Current Beginning Unpaid Current
Class Original Face Certificate Certificate/ Current Accrued Interest Interest
(5) Amount Rate Notional Balance Interest Shortfall Shortfall
- ------ -------------- ----------- ---------------- --------------- ---------- ----------
1-A1 50,000,000.00 1.22125% 0.00000000 0.00000000 0.00000000 0.00000000
1-A2 61,468,000.00 3.45500% 464.35818719 1.33696460 0.00000000 0.00000000
2A 463,097,000.00 1.39125% 807.90949553 0.93667007 0.00000000 0.00000000
3A 49,973,000.00 2.97484% 712.63711664 1.76665039 0.00000000 0.00000000
X-1 0.00 1.76663% 256.06603734 0.37697904 0.00000000 0.00000000
X-2A 0.00 1.05074% 819.15730277 0.71727009 0.00000000 0.00000000
X-2B 0.00 1.17379% 800.19765943 0.78272284 0.00000000 0.00000000
X-B 0.00 1.26808% 1000.00000000 1.05673393 0.00000000 0.00000000
A-R 100.00 5.37281% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 9,069,000.00 1.76625% 1000.00000000 1.47187452 0.00000000 0.00000000
B-2 5,505,000.00 3.03433% 1000.00000000 2.52860854 0.00000000 0.00000000
B-3 3,886,000.00 3.03433% 1000.00000000 2.52860782 0.00000000 0.00000000
B-4 1,618,000.00 3.03433% 1000.00000000 2.52860939 0.00000000 0.00000000
B-5 970,000.00 3.03433% 1000.00000000 2.52860825 0.00000000 0.00000000
B-6 2,306,324.82 3.03433% 1000.00000000 2.52860740 0.00000000 0.00000000
Remaining
Non-Supported Unpaid
Class Interest Realized Total Interest Interest Ending Certificate/
(5) Shortfall Loss (6) Distribution Shortfall Notational Balance
- ------ ------------- ---------- -------------- ---------- -------------------
1-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A2 0.00000000 0.00000000 1.33696460 0.00000000 448.88162621
2A 0.00000000 0.00000000 0.93667007 0.00000000 800.01951885
3A 0.00000000 0.00000000 1.76665039 0.00000000 689.25441258
X-1 0.00000000 0.00000000 0.37697904 0.00000000 247.53163060
X-2A 0.00000000 0.00000000 0.71727009 0.00000000 811.55937117
X-2B 0.00000000 0.00000000 0.78272284 0.00000000 792.10744784
X-B 0.00000000 0.00000000 1.05673393 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 1.47187452 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 2.52860854 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 2.52860782 0.00000000 1000.00000000
B-4 0.00000000 0.00000000 2.52860939 0.00000000 1000.00000000
B-5 0.00000000 0.00000000 2.52860825 0.00000000 1000.00000000
B-6 0.00000000 0.00000000 2.52860740 0.00000000 1000.00000000
(5) Per $1 denomination
(6) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 6,977,438.02
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 520.86
Realized Losses 0.00
Prepayment Penalties 0.00
------------
Total Deposits 6,977,858.88
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 148,860.12
Payment of Interest and Principal 6,829,098.76
------------
Total Withdrawals (Pool Distribution Amount) 6,977,958.88
Ending Balance 0.00
====
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
----
Non-Supported Prepayment Curtailment Interest Shortfall 0.00
====
SERVICING FEES
Gross Servicing Fee 145,397.75
Master Servicing Fee 3,462.37
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
----------
Net Servicing Fee 148,860.12
==========
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
- -------------------------------- --------- ----------- -------- --------
Class X-1 Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00
Class X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00
Class X-B Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE
- ---------------------------------- -------------------------------- ---------------------------------
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 1 208,344.32 30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
----------------------- --------------------- ----------------------
1 208,344.32 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.081967% 0.045702% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------------------- ------------------- --------------------
0.081967% 0.045702% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL
- ------------------------------- --------------------------------
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 1 208,344.32
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------------------- ---------------------
0 0.00 1 208,344.32
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.081967% 0.045702%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
------------------- -------------------
0.000000% 0.000000% 0.081967% 0.045702%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 520.86
Original $ Original% Current $ Current % Current Class % Prepayment %
-------------- ------------ -------------- ------------- --------------- -------------
Class A 647,892,324.82 99.99998457% 455,876,930.50 100.00000000% 94.877055% 0.000000%
Class 1-A-1 597,892.324.82 92.28265402% 455,876,930.50 100.00000000% 0.000000% 0.000000%
Class 1-A-2 536,424,324.82 82.79527654% 428,285,074.70 93.94752093% 6.052479% 118.144524%
Class 2A 73,327,324.82 11.31782407% 57,798,435.58 12.67851732% 81.269004% 1,586.372725%
Class 3A 23,354,324.82 3.60466089% 23,354,324.82 5.12294509% 7.555572% 147.484935%
Class X-1 23,354,324.82 3.60466089% 23,354,324.82 5.12294509% 0.000000% 0.000000%
Class X-2-A 23,354,324.82 3.60466089% 23,354,324.82 5.12294509% 0.000000% 0.000000%
Class X-2-B 23,354,324.82 3.60466089% 23,354,324.82 5.12294509% 0.000000% 0.000000%
Class B-1 14,285,324.82 2.20489147% 14,285,324.82 3.13359239% 1.989353% 38.832208%
Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.92602964% 1.207563% 23.571651%
Class B-3 4,894,324.82 0.75542245% 4,894,324.82 1.07360660% 0.852423% 16.639316%
Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.71868625% 0.354920% 6.928053%
Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.50590953% 0.212777% 4.153406%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.505910% 9.875365%
Please refer to the prospectus supplement for a full description of loss
exposure
Original $ Original % Current $ Current %
------------- ----------- ------------- -----------
Bankruptcy 126,045.00 0.01945462% 126,045.00 0.02764891%
Fraud 19,436,773.00 3.00000004% 10,357,716.80 2.27240232%
Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 3.39993076%
Limit of subordinate's exposure to certain types of losses
DELINQUENCY STATUS BY GROUP
GROUP 1
DELINQUENT BANKRUPTCY FORECLOSURE
- ---------------------------------- -------------------------------- ---------------------------------
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
----------------------- --------------------- ----------------------
0 0.00 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------------------- ------------------- --------------------
0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL
- ------------------------------- --------------------------------
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0. 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
------------------- -------------------
0 0.00 0 0.00
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
------------------- --------------------
0.000000% 0.000000% 0.000000% 0.000000%
GROUP 2
DELINQUENT BANKRUPTCY FORECLOSURE
- ---------------------------------- -------------------------------- ---------------------------------
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
----------------------- --------------------- ----------------------
0 0.00 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------------------- ------------------- --------------------
0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL
- ------------------------------- --------------------------------
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
------------------- -------------------
0 0.00 0 0.00
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
------------------- --------------------
0.000000% 0.000000% 0.000000% 0.000000%
Group 3
DELINQUENT BANKRUPTCY FORECLOSURE
- ---------------------------------- -------------------------------- ---------------------------------
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 1 208,344.32 30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
----------------------- --------------------- ----------------------
1 208,344.32 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.892857% 0.573308% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------------------- ------------------- --------------------
0.892857% 0.573308% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL
------------------------------- --------------------------------
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 1 208,344.32
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
------------------- --------------------
0 0.00 1 208,344.32
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.892857% 0.573308%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
------------------- --------------------
0.000000% 0.000000% 0.892857% 0.573308%
COLLATERAL STATEMENT
Collateral Description Mixed Arm
Weighted Average Gross Coupon 3.130464%
Weighted Average Net Coupon 2.752522%
Weighted Average Pass-Through Rate 2.743522%
Weighted Average Maturity (Stepdown Calculation) 312
Beginning Scheduled Collateral Loan Count 1,230
Number of Loans Paid in Full 10
Ending Scheduled Collateral Loan Count 1,220
Beginning Scheduled Collateral Balance 461,650,572.15
Ending Scheduled Collateral Balance 455,876,930.50
Ending Actual Collateral Balance at 27-Feb-2004 455,873,418.06
Monthly P&I Constant 1,204,317.26
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 6,770,044.82
Ending Scheduled Balance for Premium Loans 455,876,930.50
Scheduled Principal 0.00
Unscheduled Principal 5,773,641.65
MISCELLANEOUS REPORTING
One Month Libor Loan Balance 160,005,002.73
Six Month Libor Loan Balance - POOL 1 31,755,138.69
Six Month Libor Loan Balance - POOL 2 227,775,724.13
Six Month Libor Loan Balance - POOL 3 36,341,064.95
Pro Rata Senior Percent 94.941125%
Senior Percentage 100.000000%
Senior Prepay Percentage 100.000000%
Subordinate Percentage 0.000000%
Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 3 TOTAL
Collateral Description Mixed ARM Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.480633 2.912211 3.358839 3.130464
Weighted Average Net Rate 5.230634 2.523297 2.983839 2.752522
Pass-Through Rate 5.221633 2.514296 2.974839 2.743522
Weighted Average Maturity 336 303 340 312
Record Date 02/27/2004 02/27/2004 02/27/2004 02/27/2004
Principal and Interest Constant 149,376.73 949,950.04 104,990.49 1,204,317.26
Beginning Loan Count 67 1,049 114 1,230
Loans Paid in Full 2 7 2 10
Ending Loan Count 65 1,043 112 1,220
Beginning Scheduled Balance 32,706,451.94 391,434,551.39 37,509,568.82 461,650,572.15
Ending Scheduled Balance 31,755,138.69 387,780,726.86 36,341,064.95 455,876,930.50
Scheduled Principal 0.00 0.00 0.00 0.00
Unscheduled Principal 951,313.25 3,653,824.53 1,168,503.87 5,773,641.65
Scheduled Interest 149,376.73 949,950.04 104,990.49 1,204,317.26
Servicing Fee 6,813.84 126,862.17 11,721.74 145,397.75
Master Servicing Fee 245.30 2,935.75 281.32 3,462.37
Trustee Fee 0.00 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00 0.00
Net Interest 142,317.59 820,152.12 92,987.43 1,055,457.14
Realized Loss Amount 0.00 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00 0.00
Prepayment Penalties 0.00 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00 0.00