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 2003-1
RECORD DATE: FEBRUARY 28, 2003
DISTRIBUTION DATE: MARCH 20, 2003
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning
Class Certificate Pass- Certificate Interest Principal Current
Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss
- ----- ----- ----------- ------------ ----------- ------------ ------------ -------------
1A 81743PAA4 SEN 1.71750% 798,206,000.00 875,864.79 2,094,976.71 0.00
2A 81743PAB2 SEN 1.74000% 190,000,000.00 211,216.67 681,942.37 0.00
X-1A 81743PAC0 IO 2.68470% 0.00 409,815.14 0.00 0.00
X-1B 81743PAD8 IO 1.16667% 0.00 597,947.13 0.00 0.00
X-2 81743PAE6 IO 1.57096% 0.00 248,736.02 0.00 0.00
X-B 81743PAF3 IO 1.14578% 0.00 15,186.30 0.00 0.00
A-R 81743PAG1 R 2.83179% 100.00 0.24 100.00 0.00
B-1 81743PAH9 SUB 2.21750% 15,905,000.00 22,533.19 0.00 0.00
B-2 81743PAJ5 SUB 2.84586% 8,210,000.00 19,470.42 0.00 0.00
B-3 81743PAK2 SUB 2.84586% 5,644,000.00 13,385.02 0.00 0.00
B-4 SEQ0301B4 SUB 2.84586% 2,565,000.00 6,083.02 0.00 0.00
B-5 SEQ0301B5 SUB 2.84586% 1,539,000.00 3,649.81 0.00 0.00
B-6 SEQ0301B6 SUB 2.84586% 4,105,618.00 9,736.67 0.00 0.00
---------------- ------------ ------------ ----
Totals 1,026,174,718.00 2,433,624.42 2,777,019.08 0.00
---------------- ------------ ------------ ----
Ending Certificate Total Cumulative
Class CUSIP Balance Distribution Realized Loss
- ----- ----- ------- ------------ -------------
1A 81743PAA4 796,111,023.29 2,970,841.50 0.00
2A 81743PAB2 189,318,057.63 893,159.04 0.00
X-1A 81743PAC0 0.00 409,815.14 0.00
X-1B 81743PAD8 0.00 597,947.13 0.00
X-2 81743PAE6 0.00 248,736.02 0.00
X-B 81743PAF3 0.00 15,186.30 0.00
A-R 81743PAG1 0.00 100.24 0.00
B-1 81743PAH9 15,905,000.00 22,533.19 0.00
B-2 81743PAJ5 8,210,000.00 19,470.42 0.00
B-3 81743PAK2 5,644,000.00 13,385.02 0.00
B-4 SEQ0301B4 2,565,000.00 6,083.02 0.00
B-5 SEQ0301B5 1,539,000.00 3,649.81 0.00
B-6 SEQ0301B6 4,105,618.00 9,736.67 0.00
---------------- ------------ -----
Totals 1,023,397,698.92 5,210,643.50 00.00
---------------- ------------ -----
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 Ending Certificate
Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance
- ----- ------------- ----------- ------------ ------------ --------- -------- --------------- ------------------
1A 798,206,000.00 798,206,000.00 0.00 2,094,976.71 0.00 0.00 2,094,976.71 796,111,023.29
2A 190,000,000.00 190,000,000.00 0.00 681,942.37 0.00 0.00 681,942.37 189,318,057.63
X-1A 0.00 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 0.00
X-2 0.00 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 0.00
A-R 100.00 100.00 0.00 100.00 0.00 0.00 100.00 0.00
B-1 15,905,000.00 15,905,000.00 0.00 0.00 0.00 0.00 0.00 15,905,000.00
B-2 8,210,000.00 8,210,000.00 0.00 0.00 0.00 0.00 0.00 8,210,000.00
B-3 5,644,000.00 5,644,000.00 0.00 0.00 0.00 0.00 0.00 5,644,000.00
B-4 2,565,000.00 2,565,000.00 0.00 0.00 0.00 0.00 0.00 2,565,000.00
B-5 1,539,000.00 1,539,000.00 0.00 0.00 0.00 0.00 0.00 1,539,000.00
B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 0.00 0.00 4,105,618.00
---------------- ---------------- ---- ------------ ---- ---- ------------ ----------------
Totals 1,026,174,718.00 1,026,174,718.00 0.00 2,777,019.98 0.00 0.00 2,777,019.08 1,023,397,698.92
---------------- ---------------- ---- ------------ ---- ---- ------------ ----------------
Ending Certificate Total Principal
Class Percentage Distribution
- ----- ------------------ ---------------
1A 0.99737539 2,094,976.71
2A 0.99641083 681,942.37
X-1A 0.00000000 0.00
X-1B 0.00000000 0.00
X-2 0.00000000 0.00
X-B 0.00000000 0.00
A-R 0.00000000 100.00
B-1 1.00000000 0.00
B-2 1.00000000 0.00
B-3 1.00000000 0.00
B-4 1.00000000 0.00
B-5 1.00000000 0.00
B-6 1.00000000 0.00
---------- ------------
Totals 0.99729381 2,777,019.08
---------- ------------
(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
Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction
- ----- ------------- ----------- ------------ ------------ --------- -------- ---------
1A 798,206,000.00 1000.00000000 0.00000000 2.62460657 0.00000000 0.00000000 2.62460657
2A 190,000,000.00 1000.00000000 0.00000000 3.58917037 0.00000000 0.00000000 3.58917037
X-1A 0.00 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
X-2 0.00 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
A-R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
B-1 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
-------------- ------------- ---------- ------------- ---------- ---------- -------------
Ending Certificate Ending Certificate Total Principal
Class Balance Percentage Distribution
- ----- ------------------ ------------------ ---------------
1A 997.37539343 0.99737539 2.62460657
2A 996.41082963 0.99641083 3.58917037
X-1A 0.00000000 0.00000000 0.00000000
X-1B 0.00000000 0.00000000 0.00000000
X-2 0.00000000 0.00000000 0.00000000
X-B 0.00000000 0.00000000 0.00000000
A-R 0.00000000 0.00000000 1000.00000000
B-1 1000.00000000 1.00000000 0.00000000
B-2 1000.00000000 1.00000000 0.00000000
B-3 1000.00000000 1.00000000 0.00000000
B-4 1000.00000000 1.00000000 0.00000000
B-5 1000.00000000 1.00000000 0.00000000
B-6 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
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 798,206,000.00 1.71750% 798,206,000.00 875,864.79 0.00 0.00 0.00 0.00
2A 190,000,000.00 1.74000% 190,000,000.00 211,216.67 0.00 0.00 0.00 0.00
X-1A 0.00 2.68470% 183,178,145.46 409,815.14 0.00 0.00 0.00 0.00
X-1B 0.00 1.16667% 615,027,854.54 597,947.13 0.00 0.00 0.00 0.00
X-2 0.00 1.57096% 190,000,000.00 248,736.02 0.00 0.00 0.00 0.00
X-B 0.00 1.14578% 15,905,000.00 15,186.30 0.00 0.00 0.00 0.00
A-R 100.00 2.83179% 100.00 0.24 0.00 0.00 0.00 0.00
B-1 15,905,000.00 2.21750% 15,905,000.00 22,533.19 0.00 0.00 0.00 0.00
B-2 8,210,000.00 2.84586% 8,210,000.00 19,470.42 0.00 0.00 0.00 0.00
B-3 5,644,000.00 2.84586% 5,644,000.00 13,385.02 0.00 0.00 0.00 0.00
B-4 2,565,000.00 2.84586% 2,565,000.00 6,083.02 0.00 0.00 0.00 0.00
B-5 1,539,000.00 2.84586% 1,539,000.00 3,649.81 0.00 0.00 0.00 0.00
B-6 4,105,618.00 2.84586% 4,105,618.00 9,736.68 0.00 0.00 0.00 0.00
---------------- ------------ ---- ---- ---- ----
Totals 1,026,174,718.00 2,433,624.43 0.00 0.00 0.00 0.00
---------------- ------------ ---- ---- ---- ----
Remaining Ending
Unpaid Certificate/
Total Interest Interest Notational
Class Distribution Shortfall Balance
----- ------------ --------- -------
1A 875,864.79 0.00 796,111,023.29
2A 211,216.67 0.00 189,318,057.63
X-1A 409,815.14 0.00 181,698,572.12
X-1B 597,947.13 0.00 614,412,452.16
X-2 248,736.02 0.00 189,318,057.63
X-B 15,186.30 0.00 15,905,000.00
A-R 0.24 0.00 0.00
B-1 22,533.19 0.00 15,905,000.00
B-2 19,470.42 0.00 8,210,000.00
B-3 13,385.02 0.00 5,644,000.00
B-4 6,083.02 0.00 2,565,000.00
B-5 3,649.81 0.00 1,539,000.00
B-6 9,736.67 0.00 4,105,618.00
------------ ----
Totals 2,433,624.42 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 Unpaid Current Supported
Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized
(5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6)
- ----- ------------- ----------- ---------------- --------------- --------- --------- --------- --------
1A 798,206,000.00 1.71750% 1000.00000000 1.09729166 0.00000000 0.00000000 0.00000000 0.00000000
2A 190,000,000.00 1.74000% 1000.00000000 1.11166668 0.00000000 0.00000000 0.00000000 0.00000000
X-1A 0.00 2.68470% 1000.00000000 2.23724909 0.00000000 0.00000000 0.00000000 0.00000000
X-1B 0.00 1.16667% 1000.00000000 0.97222772 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00 1.57096% 1000.00000000 1.30913695 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 1.14578% 1000.00000000 0.95481295 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 2.83179% 1000.00000000 2.40000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 15,905,000.00 2.21750% 1000.00000000 1.41673625 0.00000000 0.00000000 0.00000000 0.00000000
B-2 8,210,000.00 2.84586% 1000.00000000 2.37154933 0.00000000 0.00000000 0.00000000 0.00000000
B-3 5,644,000.00 2.84586% 1000.00000000 2.37154855 0.00000000 0.00000000 0.00000000 0.00000000
B-4 2,565,000.00 2.84586% 1000.00000000 2.37154776 0.00000000 0.00000000 0.00000000 0.00000000
B-5 1,539,000.00 2.84586% 1000.00000000 2.37154646 0.00000000 0.00000000 0.00000000 0.00000000
B-6 4,105,618.00 2.84586% 1000.00000000 2.37155040 0.00000000 0.00000000 0.00000000 0.00000000
-------------- ------- ------------- ---------- ---------- ---------- ---------- ----------
Remaining
Unpaid
Class Total Interest Interest Ending Certificate/
(5) Distribution Shortfall Notational Balance
- ----- ------------ ---------- ------------------
1A 1.09729166 0.00000000 997.37539343
2A 1.11166668 0.00000000 996.41082963
X-1A 2.23724909 0.00000000 991.92276275
X-1B 0.97222772 0.00000000 998.99939104
X-2 1.30913695 0.00000000 996.41082963
X-B 0.95481295 0.00000000 1000.00000000
A-R 2.40000000 0.00000000 0.000000000
B-1 1.41673625 0.00000000 1000.00000000
B-2 2.37154933 0.00000000 1000.00000000
B-3 2.37154855 0.00000000 1000.00000000
B-4 2.37154776 0.00000000 1000.00000000
B-5 2.37154646 0.00000000 1000.00000000
B-6 2.37154796 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 5,483,094.88
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 10,884.30
Realized Losses 0.00
Prepayment Penalties 0.00
------------
Total Deposits 5,493,979.18
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 283,335.68
Payment of Interest and Principal 5,210,643.50
------------
Total Withdrawals (Pool Distribution Amount) 5,493,979.18
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 276,035.10
Master Servicing Fee 7,300.58
Supported Prepayment/Curtailment Interest Shortfall 0.00
----------
Net Servicing Fee 283,335.68
==========
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
- --------------------------------------------------------------------------------------------------------------
Class X-1 Reserve Fund Sub Account 5,000.00 0.00 0.00 5,000.00
Class X-2 Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00
Class X-B Reserve Fund Sub Account 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 10 4,195,261.81 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
-------------------------- ---------------------- --------------------------
10 4,195,261.81 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 0.424809% 0.480393% 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%
-------------------------- ---------------------- --------------------------
0.424809% 0.480393% 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 10 4,195,261.81
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 10 4,195,261.81
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 0.424809% 0.480393%
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% 0.424809% 0.480393%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 10,884.30
Original $ Original% Current $ Current % Current Class % Prepayment %
---------------- ------------ ---------------- ------------- --------------- -------------
Class A 1,026,174,618.00 99.99999026% 1,023,397,698.92 117.18829799% 112.840548% 0.000000%
Class 1A 227,968,618.00 22.21538048% 227,286,675.63 26.02638124% 91.161917% 2,096.760602%
Class 2A 37,968,618.00 3.70001495% 37,968,618.00 4.34775037% 21.678631% 498.617194%
Class X-2 37,968,618.00 3.70001495% 37,968,618.00 4.34775037% 0.000000% 0.000000%
Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.52648393% 1.821266% 41.889858%
Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.58636463% 0.940119% 21.623120%
Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.94007556% 0.646289% 14.864908%
Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.64635984% 0.293716% 6.755579%
Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.47013042% 0.176229% 4.053347%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.470130% 10.813188%
Please refer to the prospectus supplement for a full description of loss
exposure
DELINQUENCY STATUS BY GROUP
POOL 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 8 3,220,750.00 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
--------------------------- -------------------------- -------------------------
8 3,220,750.00 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 0.415584% 0.448773% 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%
--------------------------- -------------------------- -------------------------
0.415584% 0.448773% 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 8 3,220,750.00
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 8 3,220,750.00
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 0.415584% 0.448773%
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% 0.415584% 0.448773%
POOL 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 2 974,511.81 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
------------------------- -------------------------- ------------------------
2 974,511.81 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 0.466200% 0.626217% 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%
------------------------- -------------------------- ------------------------
0.466200% 0.626217% 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 2 974,511.81
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 2 974,511.81
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 0.466200% 0.626217%
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% 0.466200% 0.626217%
COLLATERAL STATEMENT
Collateral Description Mixed Arm
Weighted Average Gross Coupon 3.231494%
Weighted Average Net Coupon 2.908701%
Weighted Average Pass-Through Rate 2.843394%
Weighted Average Maturity (Stepdown Calculation) 326
Beginning Scheduled Collateral Loan Count 2,357
Number of Loans Paid in Full 3
Ending Scheduled Collateral Loan Count 2,354
Beginning Scheduled Collateral Balance 1,026,174,718.00
Ending Scheduled Collateral Balance 873,293,423.01
Ending Actual Collateral Balance at 28-Feb-2003 873,297,525.71
Monthly P&I Constant 2,359,180.28
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 5,120,598.08
Ending Scheduled Balance for Premium Loans 873,293,423.01
Scheduled Principal 0.00
Unscheduled Principal 2,777,018.09
Pool 1 Prefunding Balance 109,105,765.64
Pool 2 Prefunding Balance 40,998,510.27
Remaining Capitalized Interest Account Balance 0.00
GROUP 1 2 TOTAL
Collateral Description 6 Month
Mixed ARM LIBOR ARM Mixed ARM
Weighted Average Coupon Rate 3.219248 3.287887 3.231494
Weighted Average Net Rate 2.840475 2.912887 2.908701
Pass-Through Rate 2.830475 2.902887 2.843394
Weighted Average Maturity 324 332 326
Record Date 02/28/2003 02/28/2003 02/28/2003
Principal and Interest Constant 1,930,929.36 428,250.92 2,359,180.28
Beginning Loan Count 1,925 430 2,355
Loans Paid in Full 2 1 3
Ending Loan Count 1,923 429 2,352
Beginning Scheduled Balance 719,769,109.37 156,301,331.73 876,870,441.10
Ending Scheduled Balance 717,674,033.65 155,619,389.36 873,293,423.01
Scheduled Principal 0.00 0.00 0.00
Unscheduled Principal 2,095,075.72 681,942.37 2,777,018.09
Scheduled Interest 1,930,929.36 428,250.92 2,359,180.28
Servicing Fee 227,190.93 48,844.17 276,035.10
Master Servicing Fee 5,998.08 1,302.50 7,300.58
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 1,697,740.35 378,104.25 2,075,844.60
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 Pool 1
One Month Libor Loan Balance 166,608,845.00
Six Month Libor Loan Balance 551,065,188.70
Senior Percent 100.000000%
Senior Prepayment Percent 100.000000%
Subordinate Percent 0.000000%
Subordinate Prepayment Percent 0.000000%
Group Pool 2
Six Month Libor Loan Balance 155,619,389.40
Senior Percent 100.000000%
Senior Prepayment Percent 100.000000%
Subordinate Percent 0.000000%
Subordinate Prepayment Percent 0.000000%