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 2002-9
RECORD DATE: FEBRUARY 27, 2004
DISTRIBUTION DATE: MARCH 22, 2004
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning
Class Certificate Pass- Certificate Interest Principal Current
Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss
- ------ --------- ----------- ----------------- -------------- ------------ ------------ -------------
1A 81743SAA8 SEN 1.44125% 328,905,997.89 395,029.80 7,618,792.64 0.00
2A 81743SAB6 SEN 2.79826% 118,772,561.78 276,964.12 2,197,146.68 0.00
X-1A 81743SAC4 IO 0.99932% 0.00 145,656.55 0.00 0.00
X-1B 81743SAD2 IO 1.12392% 0.00 144,236.48 0.00 0.00
X-B 81743SAE0 IO 0.74948% 0.00 4,810.42 0.00 0.00
A-R 81743SAF7 SEN 3.15936% 0.00 0.00 0.00 0.00
B-1 81743SAG5 SUB 1.84125% 7,702,000.00 11,817.76 0.00 0.00
B-2 81743SAH3 SUB 2.59073% 4,564,000.00 9,853.41 0.00 0.00
B-3 81743SAJ9 SUB 2.59073% 3,424,000.00 7,392.22 0.00 0.00
B-4 SMT0209B4 SUB 2.59073% 1,426,000.00 3,078.65 0.00 0.00
B-5 SMR0209B5 SUB 2.59073% 856,000.00 1,848.05 0.00 0.00
B-6 SMT0209B6 SUB 2.59073% 1,997,086.78 4,311.60 0.00 0.00
- ------ --------- ----------- ----------------- -------------- ------------ ------------ -------------
Totals 467,647,646.45 1,004,999.06 9,815,939.32 0.00
- ------ --------- ----------- ----------------- -------------- ------------ ------------ -------------
Certificate Ending
Class Certificate Total Cumulative
Class CUSIP Description Balance Distribution Realized Loss
- ------ --------- ----------- -------------- ------------- -------------
1A 81743SAA8 SEN 321,287,205.25 8,013,822.44 0.00
2A 81743SAB6 SEN 116,575,415.10 2,474,110.80 0.00
X-1A 81743SAC4 IO 0.00 145,656.55 0.00
X-1B 81743SAD2 IO 0.00 144,236.48 0.00
X-B 81743SAE0 IO 0.00 4,810.42 0.00
A-R 81743SAF7 SEN 0.00 0.00 0.00
B-1 81743SAG5 SUB 7,702,000.00 11,817.76 0.00
B-2 81743SAH3 SUB 4,564,000.00 9,853.41 0.00
B-3 81743SAJ9 SUB 3,424,000.00 7,392.22 0.00
B-4 SMT0209B4 SUB 1,426,000.00 3,078.65 0.00
B-5 SMR0209B5 SUB 856,000.00 1,848.05 0.00
B-6 SMT0209B6 SUB 1,997,086.78 4,311.60 0.00
- ------ --------- ----------- -------------- ------------- -------------
Totals 457,831,707.13 10,820,938.38 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 Realized Total Principal
Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction
- ------ -------------- -------------- ------------ ------------ --------- -------- ---------------
1A 381,698,000.00 328,905,997.89 0.01 7,618,792.63 0.00 0.00 7,618,792.64
2A 168,875,000.00 118,772,561.78 0.05 2,197,146.63 0.00 0.00 2,197,146.68
X-1A 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X-1B 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00
B-1 7,702,000.00 7,702,000.00 0.00 0.00 0.00 0.00 0.00
B-2 4,564,000.00 4,564,000.00 0.00 0.00 0.00 0.00 0.00
B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 0.00 0.00
B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 0.00 0.00
B-5 856,000.00 856,000.00 0.00 0.00 0.00 0.00 0.00
B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 0.00 0.00
- ------ -------------- -------------- ------------ ------------ --------- -------- ---------------
Totals 570,533,186.78 467,647,646.45 0.06 9,815,939.26 0.00 0.00 9,815,939.32
- ------ -------------- -------------- ------------ ------------ --------- -------- ---------------
Ending Certificate Ending Certificate Total Principal
Class Balance Percentage Distribution
- ------ ------------------ ------------------ ---------------
1A 321,287,205.25 0.84175128 7,618,792.64
2A 116,575,415.10 0.69030594 2,197,146.68
X-1A 0.00 0.00000000 0.00
X-1B 0.00 0.00000000 0.00
X-B 0.00 0.00000000 0.00
A-R 0.00 0.00000000 0.00
B-1 7,702,000.00 1.00000000 0.00
B-2 4,564,000.00 1.00000000 0.00
B-3 3,424,000.00 1.00000000 0.00
B-4 1,426,000.00 1.00000000 0.00
B-5 856,000.00 1.00000000 0.00
B-6 1,997,086.78 1.00000000 0.00
- ------ ------------------ ------------------ ---------------
Totals 457,831,707.13 0.80246289 9,815,939.32
- ------ ------------------ ------------------ ---------------
(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 Realized Total Principal Ending Certificate
Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance
- ----- -------------- ------------- ------------ ------------ ---------- ---------- --------------- ------------------
1A 381,698,000.00 861.71201656 0.00000003 19.96073408 0.00000000 0.00000000 19.96073411 841.75128246
2A 168,875,000.00 703.31642801 0.00000030 13.01049078 0.00000000 0.00000000 13.01049107 690.30593694
X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
Ending Certificate Total Principal
Class Percentage Distribution
- ----- ------------------ ---------------
1A 0.84175128 19.96073411
2A 0.69030594 13.01049107
X-1A 0.00000000 0.00000000
X-1B 0.00000000 0.00000000
X-B 0.00000000 0.00000000
A-R 0.00000000 0.00000000
B-1 1.00000000 0.00000000
B-2 1.00000000 0.00000000
B-3 1.00000000 0.00000000
B-4 1.00000000 0.00000000
B-5 1.00000000 0.00000000
B-6 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
Beginning Payment of Non-
Certificate/ Current Unpaid Current Supported
Original Face Current Notional Accrued Interest Interest Interest Realized
Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4)
- ------ -------------- ---------------- -------------- ------------ ---------- --------- --------- --------
1A 381,698,000.00 1.44125% 328,905,997.89 395,029.81 0.00 0.00 0.01 0.00
2A 168,875,000.00 2.79826% 118,772,561.78 276,964.13 0.00 0.00 0.00 0.00
X-1A 0.00 0.99932% 174,906,169.20 145,656.56 0.00 0.00 0.00 0.00
X-1B 0.00 1.12392% 153,999,828.69 144,236.48 0.00 0.00 0.00 0.00
X-B 0.00 0.74948% 7,702,000.00 4,810.42 0.00 0.00 0.00 0.00
A-R 100.00 3.15936% 0.00 0.00 0.00 0.00 0.00 0.00
B-1 7,702,000.00 1.84125% 7,702,000.00 11,817.76 0.00 0.00 0.00 0.00
B-2 4,564,000.00 2.59073% 4,564,000.00 9,853.41 0.00 0.00 0.00 0.00
B-3 3,424,000.00 2.59073% 3,424,000.00 7,392.22 0.00 0.00 0.00 0.00
B-4 1,426,000.00 2.59073% 1,426,000.00 3,078.65 0.00 0.00 0.00 0.00
B-5 856,000.00 2.59073% 856,000.00 1,848.05 0.00 0.00 0.00 0.00
B-6 1,997,086.78 2.59073% 1,997,086.78 4,311.60 0.00 0.00 0.00 0.00
- ------ -------------- ---------------- -------------- ------------ ---------- --------- --------- --------
Totals 570,533,186.78 1,004,999.09 0.00 0.00 0.01 0.00
- ------ -------------- ---------------- -------------- ------------ ---------- --------- --------- --------
Remaining Ending
Unpaid Certificate/
Total Interest Interest Notational
Class Distribution Shortfall Balance
- ------ -------------- --------- --------------
1A 395,029.80 0.00 321,287,205.25
2A 276,964.12 0.00 116,575,415.10
X-1A 145,656.55 0.00 168,983,601.44
X-1B 144,236.48 0.00 152,303,603.81
X-B 4,810.42 0.00 7,702,000.00
A-R 0.00 0.00 0.00
B-1 11,817.76 0.00 7,702,000.00
B-2 9,853.41 0.00 4,564,000.00
B-3 7,392.22 0.00 3,424,000.00
B-4 3,078.65 0.00 1,426,000.00
B-5 1,848.05 0.00 856,000.00
B-6 4,311.60 0.00 1,997,086.78
- ------ -------------- --------- --------------
Totals 1,004,999.06 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 Non-
Current Beginning Current Unpaid Current Supported
Class Original Face Certificate Certificate/ Accrued Interest Interest Interest Realized
(5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6)
- ----- -------------- ----------- ---------------- ---------- ---------- ---------- ---------- ----------
1A 381,698,000.00 1.44125% 861.71201656 1.03495204 0.00000000 0.00000000 0.00000000 0.00000000
2A 168,875,000.00 2.79826% 703.31642801 1.64005406 0.00000000 0.00000000 0.00000000 0.00000000
X-1A 0.00 0.99932% 858.36588312 0.71482111 0.00000000 0.00000000 0.00000000 0.00000000
X-1B 0.00 1.12392% 865.54418812 0.81067004 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 0.74948% 1000.00000000 0.62456764 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 3.15936% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 7,702,000.00 1.84125% 1000.00000000 1.53437549 0.00000000 0.00000000 0.00000000 0.00000000
B-2 4,564,000.00 2.59073% 1000.00000000 2.15894172 0.00000000 0.00000000 0.00000000 0.00000000
B-3 3,424,000.00 2.59073% 1000.00000000 2.15894276 0.00000000 0.00000000 0.00000000 0.00000000
B-4 1,426,000.00 2.59073% 1000.00000000 2.15894109 0.00000000 0.00000000 0.00000000 0.00000000
B-5 856,000.00 2.59073% 1000.00000000 2.15893692 0.00000000 0.00000000 0.00000000 0.00000000
B-6 1,997,086.78 2.59073% 1000.00000000 2.15894474 0.00000000 0.00000000 0.00000000 0.00000000
Remaining
Unpaid
Class Total Interest Interest Ending Certificate/
(5) Distribution Shortfall Notational Balance
- ----- -------------- ----------- -------------------
1A 1.03495202 0.00000000 841.75128246
2A 1.64005400 0.00000000 690.30593694
X-1A 0.71482106 0.00000000 829.30041260
X-1B 0.81067004 0.00000000 856.01068669
X-B 0.62456764 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000
B-1 1.53437549 0.00000000 1000.00000000
B-2 2.15894172 0.00000000 1000.00000000
B-3 2.15894276 0.00000000 1000.00000000
B-4 2.15894109 0.00000000 1000.00000000
B-5 2.15893692 0.00000000 1000.00000000
B-6 2.15894474 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 10,970,804.38
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Prepayment Penalties 0.00
-------------
Total Deposits 10,970,804.38
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 149,865.99
Payment of Interest and Principal 10,820,938.39
-------------
Total Withdrawals (Pool Distribution Amount) 10,970,804.38
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 146,358.63
Master Servicing Fee 3,507.36
Supported Prepayment/Curtailment Interest Shortfall 0.00
----------
Net Servicing Fee 149,865.99
==========
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
- --------------------------- --------- ----------- -------- --------
X-1 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00
X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO
- ------------------------------ ------------------------------ ------------------------------ ------------------------------
No. of Principal No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 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 30 Days 0 0.00
60 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 90 Days 0 0.00
120 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 0.00 150 Days 0 0.00
180+ 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 0 0.00
No. of Principal No. of Principal No. of Principal No. of Principal
Loans Balance 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% 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% 30 Days 0.000000% 0.000000%
60 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% 90 Days 0.000000% 0.000000%
120 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% 150 Days 0.000000% 0.000000%
180+ 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% 0.000000% 0.000000%
TOTAL
- -------------------------------
No. of Principal
Loans Balance
0-29 Days 0 0.00
30 Days 0 0.00
60 Days 0 0.00
90 Days 0 0.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
--------------------
0 0.00
No. of Principal
Loans Balance
0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
--------------------
0.000000% 0.000000%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original % Current $ Current % Current Class % Prepayment %
-------------- ----------- -------------- ------------ -------------- ------------
Class A 570,533,086.78 99.99998247% 457,831,707.13 100.00000000% 95.638335% 0.000000%
Class 1A 188,844,086.78 33.09957968% 136,544,501.88 29.82416896% 70.175831% 1,608.922876%
Class 2A 19,969,086.78 3.50007453% 19,969,086.78 4.36166532% 25.462504% 583.779401%
Class X-1-A 19,969,086.78 3.50007453% 19,969,086.78 4.36166532% 0.000000% 0.000000%
Class X-1-B 19,969,086.78 3.50007453% 19,969,086.78 4.36166532% 0.000000% 0.000000%
Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.67938777% 1.682278% 38.569616%
Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.68251492% 0.996873% 22.855327%
Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.93464186% 0.747873% 17.146503%
Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.62317370% 0.311468% 7.141038%
Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.43620543% 0.186968% 4.286626%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.436205% 10.000892%
Please refer to the prospectus supplement for a full description of loss
exposure
Original $ Original % Current $ Current %
------------- ---------- ------------ ----------
Bankruptcy 100,000.00 0.01752746% 100,000.00 0.02184209%
Fraud 17,115,996.00 3.00000007% 9,879,946.13 2.15798643%
Special Hazard 6,000,000.00 1.05164785% 5,997,358.90 1.30994835%
Limit of subordinate's exposure to certain types of losses
DELINQUENCY STATUS BY GROUP
GROUP 1
DELINQUENT BANKRUPTCY FORECLOSURE REO
- ------------------------------ ------------------------------ ------------------------------ ------------------------------
No. of Principal No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 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 30 Days 0 0.00
60 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 90 Days 0 0.00
120 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 0.00 150 Days 0 0.00
180+ 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 0 0.00
No. of Principal No. of Principal No. of Principal No. of Principal
Loans Balance 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% 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% 30 Days 0.000000% 0.000000%
60 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% 90 Days 0.000000% 0.000000%
120 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% 150 Days 0.000000% 0.000000%
180+ 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% 0.000000% 0.000000%
TOTAL
- ------------------------------
No. of Principal
Loans Balance
0-29 Days 0 0.00
30 Days 0 0.00
60 Days 0 0.00
90 Days 0 0.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
-------------------
0 0.00
No. of Principal
Loans Balance
0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------------------
0.000000% 0.000000%
GROUP 2
DELINQUENT BANKRUPTCY FORECLOSURE REO
- ------------------------------ ------------------------------ ------------------------------ ------------------------------
No. of Principal No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 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 30 Days 0 0.00
60 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 90 Days 0 0.00
120 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 0.00 150 Days 0 0.00
180+ 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 0 0.00
No. of Principal No. of Principal No. of Principal No. of Principal
Loans Balance 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% 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% 30 Days 0.000000% 0.000000%
60 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% 90 Days 0.000000% 0.000000%
120 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% 150 Days 0.000000% 0.000000%
180+ 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% 0.000000% 0.000000%
TOTAL
- ------------------------------
No. of Principal
Loans Balance
0-29 Days 0 0.00
30 Days 0 0.00
60 Days 0 0.00
90 Days 0 0.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
-------------------
0 0.00
No. of Principal
Loans Balance
0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------------------
0.000000% 0.000000%
COLLATERAL STATEMENT
Collateral Description Mixed Arm
Weighted Average Gross Coupon 2.963424%
Weighted Average Net Coupon 2.587862%
Weighted Average Pass-Through Rate 2.578862%
Weighted Average Maturity (Stepdown Calculation) 314
Beginning Scheduled Collateral Loan Count 1,288
Number of Loans Paid in Full 20
Ending Scheduled Collateral Loan Count 1,268
Beginning Scheduled Collateral Balance 467,647,646.46
Ending Scheduled Collateral Balance 457,831,707.14
Ending Actual Collateral Balance at 27-Feb-2004 457,831,709.57
Monthly P&I Constant 1,154,865.14
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 10,777,826.29
Ending Scheduled Balance for Premium Loans 457,831,707.14
Scheduled Principal 0.06
Unscheduled Principal 9,815,939.26
MISCELLANEOUS REPORTING
Pro Rata Senior Percent 95.729886%
Senior Percentage 100.000000%
Senior Prepay Percentage 100.000000%
Subordinate Percentage 0.000000%
Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 TOTAL
Collateral Description Mixed ARM 6 Month ARM Mixed ARM
Weighted Average Coupon Rate 2.883679 3.182264 2.963424
Weighted Average Net Rate 2.507913 2.807264 2.587862
Pass-Through Rate 2.498913 2.798264 2.578862
Weighted Average Maturity 298 340 314
Record Date 02/27/2004 02/27/2004 02/27/2004
Principal and Interest Constant 823,650.94 331,214.20 1,154,865.14
Beginning Loan Count 911 377 1,288
Loans Paid in Full 14 6 20
Ending Loan Count 897 371 1,268
Beginning Scheduled Balance 342,750,084.68 124,897,561.78 467,647,646.46
Ending Scheduled Balance 335,131,292.04 122,700,415.10 457,831,707.14
Scheduled Principal 0.01 0.05 0.06
Unscheduled Principal 7,618,792.63 2,197,146.63 9,815,939.26
Scheduled Interest 823,650.93 331,214.15 1,154,865.08
Servicing Fee 107,328.14 39,030.49 146,358.63
Master Servicing Fee 2,570.63 936.73 3,507.36
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 713,752.16 291,246.93 1,004,999.09
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING
Group 1
One Month LIBOR Loans 176,265,010.74
Six Month LIBOR Loans 158,866,281.30