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 2002-10
RECORD DATE: OCTOBER 31, 2002
DISTRIBUTION DATE: NOVEMBER 20, 2002
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate
Class Pass-Through Beginning Interest Principal
Class CUSIP Description Rate Certificate Balance Distribution Distribution
----- ----- ----------- ---- ------------------- ------------ ------------
1A 81743VAA1 SEN 2.23000% 822,263,717.49 1,528,040.07 4,913,444.17
2A-1 81743VAB9 SEN 2.21000% 189,936,325.70 349,799.40 1,491,467.72
2A-2 81743VAN3 SEN 2.51000% 3,500,000.00 7,320.83 0.00
X-1A 81743VAC7 IO 1.04471% 0.00 342,094.82 0.00
X-1B 81743VAD5 IO 1.22800% 0.00 439,346.71 0.00
X-2 81743VAP8 IO 1.24997% 0.00 201,493.67 0.00
X-B 81743VAE3 IO 0.64831% 0.00 13,900.36 0.00
A-R 81743VAF0 SEN 3.40023% 0.00 0.00 0.00
B-1 81743VAG8 SUB 2.63000% 12,600,000.00 27,615.00 0.00
B-2 81743VAH6 SUB 2.63000% 8,400,000.00 18,410.00 0.00
B-3 81743VAJ2 SUB 3.23000% 4,725,000.00 12,718.13 0.00
B-4 SMT0210B4 SUB 3.38851% 2,625,000.00 7,412.37 0.00
B-5 SMT0210B5 SUB 3.38851% 2,100,000.00 5,929.89 0.00
B-6 SMT0210B6 SUB 3.38851% 3,685,162.00 10,406.01 0.00
---------------- ------------ ------------
Totals 1,049,835,205.19 2,964,487.26 6,404,911.89
Current Ending Certificate Total Cumulative
Class Realized Loss Balance Distribution Realized Loss
----- ------------- ------- ------------ -------------
1A 0.00 817,350,273.32 6,441,484.24 0.00
2A-1 0.00 188,444,857.98 1,841,267.12 0.00
2A-2 0.00 3,500,000.00 7,320.83 0.00
X-1A 0.00 0.00 342,094.82 0.00
X-1B 0.00 0.00 439,346.71 0.00
X-2 0.00 0.00 201,493.67 0.00
X-B 0.00 0.00 13,900.36 0.00
A-R 0.00 0.00 0.00 0.00
B-1 0.00 12,600,000.00 27,615.00 0.00
B-2 0.00 8,400,000.00 18,410.00 0.00
B-3 0.00 4,725,000.00 12,718.13 0.00
B-4 0.00 2,625,000.00 7,412.37 0.00
B-5 0.00 2,100,000.00 5,929.89 0.00
B-6 0.00 3,685,162.00 10,406.01 0.00
---- ---------------- ------------ ----
Totals 0.00 1,043,430,293.30 9,369,399.15 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
Class Amount Balance Distribution Distribution Accretion Loss (1)
----- ------ ------- ------------ ------------ --------- --------
1A 822,375,000.00 822,263,717.49 0.00 4,913,444.17 0.00 0.00
2A-1 190,000,000.00 189,936,325.70 0.00 1,491,467.72 0.00 0.00
2A-2 3,500,000.00 3,500,000.00 0.00 0.00 0.00 0.00
X-1A 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
X-2 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
A-R 100.00 0.00 0.00 0.00 0.00 0.00
B-1 12,600,000.00 12,600,000.00 0.00 0.00 0.00 0.00
B-2 8,400,000.00 8,400,000.00 0.00 0.00 0.00 0.00
B-3 4,725,000.00 4,725,000.00 0.00 0.00 0.00 0.00
B-4 2,625,000.00 2,625,000.00 0.00 0.00 0.00 0.00
B-5 2,100,000.00 2,100,000.00 0.00 0.00 0.00 0.00
B-6 3,685,162.00 3,685,162.00 0.00 0.00 0.00 0.00
---------------- ---------------- ---- ------------ ---- ----
Totals 1,050,010,262.00 1,049,835,205.19 0.00 6,404,911.89 0.00 0.00
Total Principal Ending Certificate Ending Certificate Total Principal
Class Reduction Balance Percentage Distribution
----- --------- ------- ---------- ------------
1A 4,913,444.17 817,350,273.32 0.99388998 4,913,444.17
2A-1 1,491,467.72 188,444,857.98 0.99181504 1,491,467.72
2A-2 0.00 3,500,000.00 1.00000000 0.00
X-1A 0.00 0.00 0.00000000 0.00
X-1B 0.00 0.00 0.00000000 0.00
X-2 0.00 0.00 0.00000000 0.00
X-B 0.00 0.00 0.00000000 0.00
A-R 0.00 0.00 0.00000000 0.00
B-1 0.00 12,600,000.00 1.00000000 0.00
B-2 0.00 8,400,000.00 1.00000000 0.00
B-3 0.00 4,725,000.00 1.00000000 0.00
B-4 0.00 2,625,000.00 1.00000000 0.00
B-5 0.00 2,100,000.00 1.00000000 0.00
B-6 0.00 3,685,162.00 1.00000000 0.00
------------ ---------------- ---------- ------------
Totals 6,404,911.89 1,043,430,293.30 0.99373342 6,404,911.89
(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
Class Amount Balance Distribution Distribution Accretion Loss (3)
----- ------ ------- ------------ ------------ --------- --------
1A 822,375,000.00 999.86468155 0.00000000 5.97470031 0.00000000 0.00000000
2A-1 190,000,000.00 999.66487211 0.00000000 7.84983011 0.00000000 0.00000000
2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 12,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Ending
Total Principal Certificate Ending Certificate Total Principal
Class Reduction Balance Percentage Distribution
----- --------- ------- ---------- ------------
1A 5.97470031 993.88998124 0.99388998 5.97470031
2A-1 7.84983011 991.81504200 0.99181504 7.84983011
2A-2 0.00000000 1000.00000000 1.00000000 0.00000000
X-1A 0.00000000 0.00000000 0.00000000 0.00000000
X-1B 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00000000 0.00000000 0.00000000 0.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1000.00000000 1.00000000 0.00000000
B-2 0.00000000 1000.00000000 1.00000000 0.00000000
B-3 0.00000000 1000.00000000 1.00000000 0.00000000
B-4 0.00000000 1000.00000000 1.00000000 0.00000000
B-5 0.00000000 1000.00000000 1.00000000 0.00000000
B-6 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
Beginning Payment of
Certificate/ Current Unpaid Current
Original Face Current Notional Accrued Interest Interest
Class Amount Certificate Rate Balance Interest Shortfall Shortfall
----- ------ ---------------- --------- -------- --------- ---------
1A 822,375,000.00 2.23000% 822,263,717.49 1,528,040.08 0.00 0.00
2A-1 190,000,000.00 2.21000% 189,936,325.70 349,799.40 0.00 0.00
2A-2 3,500,000.00 2.51000% 3,500,000.00 7,320.83 0.00 0.00
X-1A 0.00 1.04471% 392,940,000.50 342,091.61 0.00 0.00
X-1B 0.00 1.22800% 429,323,716.99 439,342.59 0.00 0.00
X-2 0.00 1.24997% 193,436,325.70 201,491.79 0.00 0.00
X-B 0.00 0.64831% 25,725,000.00 13,898.06 0.00 0.00
A-R 100.00 3.40023% 0.00 0.00 0.00 0.00
B-1 12,600,000.00 2.63000% 12,600,000.00 27,615.00 0.00 0.00
B-2 8,400,000.00 2.63000% 8,400,000.00 18,410.00 0.00 0.00
B-3 4,725,000.00 3.23000% 4,725,000.00 12,718.13 0.00 0.00
B-4 2,625,000.00 3.38851% 2,625,000.00 7,412.37 0.00 0.00
B-5 2,100,000.00 3.38851% 2,100,000.00 5,929.89 0.00 0.00
B-6 3,685,162.00 3.38851% 3,685,162.00 10,406.01 0.00 0.00
---------------- ------------ ---- ----
Totals 1,050,010,262.00 2,964,475.76 0.00 0.00
Non- Remaining Ending
Supported Unpaid Certificate/
Interest Realized Total Interest Interest Notational
Class Shortfall Loss (4) Distribution Shortfall Balance
----- --------- -------- ------------ --------- -------
1A 0.00 0.00 1,528,040.07 0.00 817,350,273.32
2A-1 0.00 0.00 349,799.40 0.00 188,444,857.98
2A-2 0.00 0.00 7,320.83 0.00 3,500,000.00
X-1A 0.00 0.00 342,094.82 0.00 390,578,367.87
X-1B 0.00 0.00 439,346.71 0.00 426,771,905.45
X-2 0.00 0.00 201,493.67 0.00 191,944,857.98
X-B 0.00 0.00 13,900.36 0.00 25,725,000.00
A-R 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 27,615.00 0.00 12,600,000.00
B-2 0.00 0.00 18,410.00 0.00 8,400,000.00
B-3 0.00 0.00 12,718.13 0.00 4,725,000.00
B-4 0.00 0.00 7,412.37 0.00 2,625,000.00
B-5 0.00 0.00 5,929.89 0.00 2,100,000.00
B-6 0.00 0.00 10,406.01 0.00 3,685,162.00
---- ---- ------------ ----
Totals 0.00 0.00 2,964,487.26 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 (5) Original Face Certificate Certificate/ Current Accrued Interest Interest
Amount Rate Notional Balance Interest Shortfall Shortfall
------ ---- ---------------- -------- --------- ---------
1A 822,375,000.00 2.23000% 999.86468155 1.85808187 0.00000000 0.00000000
2A-1 190,000,000.00 2.21000% 999.66487211 1.84104947 0.00000000 0.00000000
2A-2 3,500,000.00 2.51000% 1000.00000000 2.09166571 0.00000000 0.00000000
X-1A 0.00 1.04471% 999.94961444 0.87055116 0.00000000 0.00000000
X-1B 0.00 1.22800% 999.78695908 1.02311839 0.00000000 0.00000000
X-2 0.00 1.24997% 999.67093385 1.04130124 0.00000000 0.00000000
X-B 0.00 0.64831% 1000.00000000 0.54025500 0.00000000 0.00000000
A-R 100.00 3.40023% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 12,600,000.00 2.63000% 1000.00000000 2.19166667 0.00000000 0.00000000
B-2 8,400,000.00 2.63000% 1000.00000000 2.19166667 0.00000000 0.00000000
B-3 4,725,000.00 3.23000% 1000.00000000 2.69166772 0.00000000 0.00000000
B-4 2,625,000.00 3.38851% 1000.00000000 2.82376000 0.00000000 0.00000000
B-5 2,100,000.00 3.38851% 1000.00000000 2.82375714 0.00000000 0.00000000
B-6 3,685,162.00 3.38851% 1000.00000000 2.82375917 0.00000000 0.00000000
Non Remaining
-Supported Unpaid
Class (5) Interest Realized Total Interest Interest Ending Certificate/
Shortfall Loss (6) Distribution Shortfall Notational Balance
--------- -------- ------------ --------- ------------------
1A 0.00000000 0.00000000 1.85808186 0.00000000 993.88998124
2A-1 0.00000000 0.00000000 1.84104947 0.00000000 991.81504200
2A-2 0.00000000 0.00000000 2.09166571 0.00000000 1000.00000000
X-1A 0.00000000 0.00000000 0.87055933 0.00000000 993.93975636
X-1B 0.00000000 0.00000000 1.02312799 0.00000000 993.84443180
X-2 0.00000000 0.00000000 1.04131096 0.00000000 991.96309034
X-B 0.00000000 0.00000000 0.54034441 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 2.19166667 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 2.19166667 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 2.69166772 0.00000000 1000.00000000
B-4 0.00000000 0.00000000 2.82376000 0.00000000 1000.00000000
B-5 0.00000000 0.00000000 2.82375714 0.00000000 1000.00000000
B-6 0.00000000 0.00000000 2.82375917 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 9,562,518.03
Liquidations, Insurance Proceeds, Reserve Funds 11.52
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 25,585.27
Realized Losses 0.00
Prepayment Penalties 0.00
------------
Total Deposits 9,588,114.82
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 218,715.67
Payment of Interest and Principal 9,369,399.15
------------
Total Withdrawals (Pool Distribution Amount) 9,588,114.82
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 218,715.67
Supported Prepayment/Curtailment Interest Shortfall 0.00
----------
Net Servicing Fee 218,715.67
==========
Account Type Beginning Balance Current Withdrawals Current Deposits Ending Balance
------------ ----------------- ------------------- ---------------- --------------
Class X-A Basis Risk Reserve Fund 8,000.00 9.22 9.22 8,000.00
Class X-B Basis Risk Reserve Fund 2,000.00 2.30 2.30 2,000.00
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 18 9,202,242.49 30 Days 0 0.00 30 Days 0 0.00
60 Days 1 279,473.00 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
--- ------------ -- ---- -- ----
19 9,481,715.49 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 0.653120% 0.882259% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.036284% 0.026794% 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%
-------- -------- -------- -------- -------- --------
0.689405% 0.909054% 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 18 9,202,242.49
60 Days 0 0.00 60 Days 1 279,473.00
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 19 9,481,715.49
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 0.653120% 0.882259%
60 Days 0.000000% 0.000000% 60 Days 0.036284% 0.026794%
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% 0.689405% 0.909054%
Current Period Class A Insufficient Funds: 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 25,595.27
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ Original % Current $ Current % Current Class % Prepayment %
---------- ---------- --------- --------- --------------- ------------
Class A 1,050,010,162.00 99.999999048% 1,043,430,293.30 100.00000000% 96.728563% 0.000000%
Class 1A 227,635,162.00 21.67932736% 226,080,019.98 21.66699792% 78.333002% 2,394.452598%
Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 3.60686883% 18.060129% 522,054969%
Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.27143674% 0.335432% 10.2533357%
Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.27143674% 0.000000% 0.0000000%
Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.06388123% 1.207556% 36.912085%
Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.25884423% 0.805037% 24.608057%
Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.80601091% 0.452833% 13..842032%
Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.55443685% 0.251574% 7.690018%
Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.35317759% 0.201259% 6.152014%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.353178% 10.795795%
Please refer to the prospectus supplement for a full description of loss
exposure
Original $ Original % Current $ Current %
Bankruptcy 163,046.00 0.01552804% 163,046.00 0.01562596%
Fraud 31,500,308.00 3.00000001% 31,500,308.00 3.01891829%
Special Hazard 11,240,000.00 1.07046573% 11,240,000.00 1.07721619%
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 15 8,087,124.41 30 Days 0 0.00 30 Days 0 0.00
60 Days 1 279,473.00 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
-- ------------ -- ---- -- ----
16 8,366,597.41 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 0.687758% 0.957366% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.045851% 0.033084% 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%
--------- --------- --------- --------- --------- ---------
0.733608% 0.990450% 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 15 8,087,124.41
60 Days 0 0.00 60 Days 1 279,473.00
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 16 8,366,597.41
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 0.687758% 0.957366%
60 Days 0.000000% 0.000000% 60 Days 0.045851% 0.033084%
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% 0.733608% 0.990450%
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 3 1,115,118.08 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
-- ------------ -- ---- -- ----
3 1,115,118.08 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 0.521739% 0.562326% 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%
-------- -------- -------- -------- -------- --------
0.521739% 0.562326% 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 3 1,115,118.08
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 3 1,115,118.08
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 0.521739% 0.562326%
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% 0.521739% 0.562326%
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 3.638504%
Weighted Average Net Coupon 3.388504%
Weighted Average Pass-Through Rate 3.388504%
Weighted Average Maturity (Stepdown Calculation) 297
Beginning Scheduled Collateral Loan Count 2,764
Number of Loans Paid in Full 8
Ending Scheduled Collateral Loan Count 2,756
Beginning Scheduled Collateral Balance 1,049,835,205.19
Ending Scheduled Collateral Balance 1,043,430,293.30
Ending Actual Collateral Balance at 30-Sept-2002 1,043,031,347.87
Monthly P&I Constant 3,183,191.42
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 9,272,998.19
Ending Scheduled Balance for Premium Loans 1,043,430,293.30
Scheduled Principal 0.00
Unscheduled Principal 6,404,911.89
GROUP 1 2 TOTAL
Collateral Description Mixed ARM 6 Month ARM Mixed ARM
Weighted Average Coupon Rate 3.620414 3.715401 3.638504
Weighted Average Net Rate 3.370414 3.465401 3.388504
Pass-Through Rate 3.370414 3.465401 3.388504
Weighted Average Maturity 297 297 297
Record Date 10/31/2002 10/31/2002 10/31/2002
Principal and Interest Constant 2,564,145.28 619,046.14 3,183,191.42
Beginning Loan Count 2,187 577 2,764
Loans Paid in Full 6 2 8
Ending Loan Count 2,181 575 2,756
Beginning Scheduled Balance 849,895,714.49 199,939,490.70 1,049,835,205.19
Ending Scheduled Balance 844,982,270.32 198,448,022.98 1,043,430,293.30
Scheduled Principal 0.00 0.00 0.00
Unscheduled Principal 4,913,444.17 1,491,467.72 6,404,911.89
Scheduled Interest 2,564,145.28 619,046.14 3,183,191.42
Servicing Fee 177,061.61 41,654.06 218,715.67
Master Servicing Fee 0.00 0.00 0.00
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 2,387,083.67 577,392.08 2,964,475.75
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 403,782,572.53
Six Month LIBOR Loans 441,199,697.79
Pro Rata Senior Percentage 96.748778%
Senior Percentage 100.000000%
Senior Prepayment Percentage 100.000000%
Subordinate Percentage 0.000000%
Subordinate Prepayment Percentage 0.00000%
Group 2
Pro Rata Senior Percentage 96.747433%
Senior Percentage 100.000000%
Senior Prepayment Percentage 100.000000%
Subordinate Percentage 0.000000%
Subordinate Prepayment Percentage 0.000000%