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: DECEMBER 31, 2002
DISTRIBUTION DATE: JANUARY 21, 2003
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- --------------------------------------------------------------------------------------------------------------------------------
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal Current
Class CUSIP Description Rate Balance Distribution Distribution Realized Loss
- --------------------------------------------------------------------------------------------------------------------------------
1A 81743SAA8 SEN 1.77000% 375,996,523.11 554,594.87 4,824,396.63 0.00
2A 81743SAB6 SEN 3.59740% 162,250,985.85 486,401.82 1,734,241.93 0.00
X-1A 81743SAC4 IO 1.32276% 0.00 221,862.68 0.00 0.00
X-1B 81743SAD2 IO 1.57736% 0.00 229,671.97 0.00 0.00
X-B 81743SAE0 IO 1.15957% 0.00 7,446.50 0.00 0.00
A-R 81743SAF7 SEN 3.31668% 0.00 0.00 0.00 0.00
B-1 81743SAG5 SUB 2.17000% 7,702,000.00 13,927.78 0.00 0.00
B-2 81743SAH3 SUB 3.32957% 4,564,000.00 12,663.45 0.00 0.00
B-3 81743SAJ9 SUB 3.32957% 3,424,000.00 9,500.36 0.00 0.00
B-4 SMT0209B4 SUB 3.32957% 1,426,000.00 3,956.64 0.00 0.00
B-5 SMR0209B5 SUB 3.32957% 856,000.00 2,375.09 0.00 0.00
B-6 SMT0209B6 SUB 3.32957% 1,997,086.78 5,541.19 0.00 0.00
- --------------------------------------------------------------------------------------------------------------------------------
Totals 558,216,595.74 1,547,942.35 6,558,638.56 0.00
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------
Ending
Certificate Total Cumulative
Balance Distribution Realized Loss
- --------------------------------------------------
371,172,126.48 5,378,991.50 0.00
160,516,743.92 2,220,643.75 0.00
0.00 221,862.68 0.00
0.00 229,671.97 0.00
0.00 7,446.50 0.00
0.00 0.00 0.00
7,702,000.00 13,927.78 0.00
4,564,000.00 12,663.45 0.00
3,424,000.00 9,500.36 0.00
1,426,000.00 3,956.64 0.00
856,000.00 2,375.09 0.00
1,997,086.78 5,541.19 0.00
- --------------------------------------------------
551,657,957.18 8,106,580.91 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 381,698,000.00 375,996,523.11 308.20 4,824,088.43 0.00 0.00 4,824,396.63
2A 168,875,000.00 162,250,985.85 0.03 1,734,241.90 0.00 0.00 1,734,241.93
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 570,533,186.78 558,216,595.74 308.23 6,558,330.33 0.00 0.00 6,558,638.56
- ----------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------
Ending Ending
Certificate Certificate Total Principal
Balance Percentage Distribution
- --------------------------------------------------------
371,172,126.48 0.97244649 4,824,396.63
160,516,743.92 0.95050626 1,734,241.93
0.00 0.00000000 0.00
0.00 0.00000000 0.00
0.00 0.00000000 0.00
0.00 0.00000000 0.00
7,702,000.00 1.00000000 0.00
4,564,000.00 1.00000000 0.00
3,424,000.00 1.00000000 0.00
1,426,000.00 1.00000000 0.00
856,000.00 1.00000000 0.00
1,997,086.78 1.00000000 0.00
- --------------------------------------------------------
551,657,957.18 0.96691651 6,558,638.56
- --------------------------------------------------------
(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 Total
Original Face Certificate Principal Principal Realized Principal
Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction
- ---------------------------------------------------------------------------------------------------------------------------
1A 381,698,000.00 985.08608608 0.00080746 12.63879344 0.00000000 0.00000000 12.63960091
2A 168,875,000.00 960.77563790 0.00000018 10.26938209 0.00000000 0.00000000 10.26938226
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-B 0.00 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
B-1 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
- ---------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------
Ending Ending
Certificate Certificate Total Principal
Balance Percentage Distribution
- --------------------------------------------------------
972.44648518 0.97244649 12.63960091
950.50625563 0.95050626 10.26938226
0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000
1000.00000000 1.00000000 0.00000000
1000.00000000 1.00000000 0.00000000
1000.00000000 1.00000000 0.00000000
1000.00000000 1.00000000 0.00000000
1000.00000000 1.00000000 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
- ----------------------------------------------------------------------------------------------------------------------------
Beginning Payment of
Current Certificate/ Current Unpaid Current Non-Supported
Original Face Certificate Notional Accrued Interest Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall Shortfall
- ----------------------------------------------------------------------------------------------------------------------------
1A 381,698,000.00 1.77000% 375,996,523.11 554,594.87 0.00 0.00 0.00
2A 168,875,000.00 3.59740% 162,250,985.85 486,401.82 0.00 0.00 0.00
X-1A 0.00 1.32276% 201,271,258.54 221,860.71 0.00 0.00 0.00
X-1B 0.00 1.57736% 174,725,264.57 229,669.93 0.00 0.00 0.00
X-B 0.00 1.15957% 7,702,000.00 7,442.49 0.00 0.00 0.00
A-R 100.00 3.31668% 0.00 0.00 0.00 0.00 0.00
B-1 7,702,000.00 2.17000% 7,702,000.00 13,927.78 0.00 0.00 0.00
B-2 4,564,000.00 3.32957% 4,564,000.00 12,663.45 0.00 0.00 0.00
B-3 3,424,000.00 3.32957% 3,424,000.00 9,500.36 0.00 0.00 0.00
B-4 1,426,000.00 3.32957% 1,426,000.00 3,956.64 0.00 0.00 0.00
B-5 856,000.00 3.32957% 856,000.00 2,375.09 0.00 0.00 0.00
B-6 1,997,086.78 3.32957% 1,997,086.78 5,541.19 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------
Totals 570,533,186.78 1,547,934.33 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------
Remaining Ending
Unpaid Certificate/
Realized Total Interest Interest Notational
Loss (4) Distribution Shortfall Balance
- --------------------------------------------------------------
0.00 554,594.87 0.00 371,172,126.48
0.00 486,401.82 0.00 160,516,743.92
0.00 221,862.68 0.00 198,154,754.93
0.00 229,671.97 0.00 173,017,371.55
0.00 7,446.50 0.00 7,702,000.00
0.00 0.00 0.00 0.00
0.00 13,927.78 0.00 7,702,000.00
0.00 12,663.45 0.00 4,564,000.00
0.00 9,500.36 0.00 3,424,000.00
0.00 3,956.64 0.00 1,426,000.00
0.00 2,375.09 0.00 856,000.00
0.00 5,541.19 0.00 1,997,086.78
- --------------------------------------------------------------
0.00 1,547,942.35 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 Current Unpaid Current Non-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 1.77000% 985.08608608 1.45300197 0.00000000 0.00000000 0.00000000 0.00000000
2A 168,875,000.00 3.59740% 960.77563790 2.88024764 0.00000000 0.00000000 0.00000000 0.00000000
X-1A 0.00 1.32276% 987.75464796 1.08879901 0.00000000 0.00000000 0.00000000 0.00000000
X-1B 0.00 1.57736% 982.02990583 1.29084217 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 1.15957% 1000.00000000 0.96630615 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 3.31668% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 7,702,000.00 2.17000% 1000.00000000 1.80833290 0.00000000 0.00000000 0.00000000 0.00000000
B-2 4,564,000.00 3.32957% 1000.00000000 2.77463848 0.00000000 0.00000000 0.00000000 0.00000000
B-3 3,424,000.00 3.32957% 1000.00000000 2.77463785 0.00000000 0.00000000 0.00000000 0.00000000
B-4 1,426,000.00 3.32957% 1000.00000000 2.77464236 0.00000000 0.00000000 0.00000000 0.00000000
B-5 856,000.00 3.32957% 1000.00000000 2.77463785 0.00000000 0.00000000 0.00000000 0.00000000
B-6 1,997,086.78 3.32957% 1000.00000000 2.77463656 0.00000000 0.00000000 0.00000000 0.00000000
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------
Remaining
Unpaid
Total Interest Interest Ending Certificate/
Distribution Shortfall Notational Balance
- -----------------------------------------------------
1.45300197 0.00000000 972.44648158
2.88024764 0.00000000 950.50625563
1.08880868 0.00000000 972.46015957
1.29085364 0.00000000 972.43082452
0.96682680 0.00000000 1000.00000000
0.00000000 0.00000000 0.00000000
1.80833290 0.00000000 1000.00000000
2.77463848 0.00000000 1000.00000000
2.77463785 0.00000000 1000.00000000
2.77464236 0.00000000 1000.00000000
2.77463785 0.00000000 1000.00000000
2.77463656 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 8,279,585.91
Liquidations, Insurance Proceeds, Reserve Funds 8.02
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 5,835.02
Realized Losses 0.00
Prepayment Penalties 0.00
------------
Total Deposits 8,285,428.95
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 178,848.04
Payment of Interest and Principal 8,106,580.91
------------
Total Withdrawals (Pool Distribution Amount) 8,285,428.95
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 174,661.41
Master Servicing Fee 4,186.63
Supported Prepayment/Curtailment Interest Shortfall 0.00
------------
Net Servicing Fee 178,848.04
============
- --------------------------------------------------------------------------------------------------
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
- --------------------------------------------------------------------------------------------------
X-1 Basis Risk Reserve Fund 5,000.00 4.01 4.01 5,000.00
X-2 Basis Risk Reserve Fund 5,000.00 4.01 4.01 5,000.00
- --------------------------------------------------------------------------------------------------
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 4 1,726,308.42 30 Days 0 0.00 30 Days 0 0.00
60 Days 1 143,581.31 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
---------------------- ---------------------- ----------------------
5 1,869,889.73 0 0.00 0 0.00
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.269360% 0.312940% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.067340% 0.026028% 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%
---------------------- ---------------------- ----------------------
0.336700% 0.338968% 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 4 1,726,308.42
60 Days 0 0.00 60 Days 1 143,581.31
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 5 1,869,889.73
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.269360% 0.312940%
60 Days 0.000000% 0.000000% 60 Days 0.067340% 0.026028%
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% 0.336700% 0.338968%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5,835.02
Original $ Original % Current $ Current % Current Class % Prepayment %
---------- ---------- --------- --------- --------------- ------------
Class A 570,533,086.78 99.99998247% 551,657,957.18 100.00000000% 96.380169% 0.000000%
Class 1A 188,844,086.78 33.09957968% 180,485,830.70 32.71698130% 67.283019% 1,858.733604%
Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.61983119% 29.097150% 803.826162%
Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.22367621% 1.396155% 38.569616%
Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.39635197% 0.827324% 22.855327%
Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.77567752% 0.620674% 17.146503%
Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.51718402% 0.258494% 7.141038%
Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.36201540% 0.155169% 4.286626%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.362015% 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 0.01812717%
Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.10264645%
Special Hazard 6,000,000.00 1.05164785% 5,999,500.00 1.08753983%
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 1 123,362.01 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
---------------------- --------------------- ----------------------
1 123,362.01 0 0.00 0 0.00
<Caption>
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 0.099404% 0.032041% 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%
---------------------- --------------------- ----------------------
0.099404% 0.032041% 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 1 123,362.01
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 1 123,362.01
<Caption>
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 0.099404% 0.032041%
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% 0.099404% 0.032041%
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 1,602,946.41 30 Days 0 0.00 30 Days 0 0.00
60 Days 1 143,581.31 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
------------------------ --------------------- ---------------------
4 1,746,527.72 0 0.00 0 0.00
<Caption>
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 0.626305% 0.961963% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.208768% 0.086166% 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%
------------------------ --------------------- ---------------------
0.835073% 1.048130% 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 1,602,946.41
60 Days 0 0.00 60 Days 1 143,581.31
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 4 1,746,527.72
<Caption>
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 0.626305% 0.961963%
60 Days 0.000000% 0.000000% 60 Days 0.208768% 0.086166%
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% 0.835073% 1.048130%
COLLATERAL STATEMENT
Collateral Description Mixed Arm
Weighted Average Gross Coupon 3.712070%
Weighted Average Net Coupon 3.336599%
Weighted Average Pass-Through Rate 3.327599%
Weighted Average Maturity (Stepdown Calculation) 328
Beginning Scheduled Collateral Loan Count 1,497
Number of Loans Paid in Full 12
Ending Scheduled Collateral Loan Count 1,485
Beginning Scheduled Collateral Balance 558,216,595.75
Ending Scheduled Collateral Balance 551,657,957.19
Ending Actual Collateral Balance at 31-Dec-2002 551,642,673.35
Monthly P&I Constant 1,727,090.62
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 8,051,165.89
Ending Scheduled Balance for Premium Loans 551,657,957.19
Scheduled Principal 308.23
Unscheduled Principal 6,558,330.33
MISCELLANEOUS REPORTING
Pro Rata Senior Percent 96.422699%
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 3.595742 3.981403 3.712070
Weighted Average Net Rate 3.220069 3.606403 3.336599
Pass-Through Rate 3.211069 3.597403 3.327599
Weighted Average Maturity 312 354 328
Record Date 12/31/2002 12/31/2002 12/31/2002
Principal and Interest Constant 1,168,446.72 558,643.90 1,727,090.62
Beginning Loan Count 1,014 483 1,497
Loans Paid in Full 8 4 12
Ending Loan Count 1,006 479 1,485
Beginning Scheduled Balance 389,840,609.90 168,375,985.85 558,216,595.75
Ending Scheduled Balance 385,016,213.27 166,641,743.92 551,657,957.19
Scheduled Principal 308.20 0.03 308.23
Unscheduled Principal 4,824,088.43 1,734,241.90 6,558,330.33
Scheduled Interest 1,168,138.52 558,643.87 1,726,782.39
Servicing Fee 122,043.92 52,617.49 174,661.41
Master Servicing Fee 2,923.81 1,262.82 4,186.63
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 1,043,170.79 504,763.56 1,547,934.35
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
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One Month LIBOR Loans 205,545,589.70
Six Month LIBOR Loans 179,470,624.20