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 28, 2003
DISTRIBUTION DATE: MARCH 20, 2003
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning
Class Certificate Pass- Certificate Interest Principal
Class CUSIP Description Through Rate Balance Distribution Distribution
----- ----- ----------- ------------ ------- ------------ ------------
1A 81743SAA8 SEN 1.69000% 370,527,214.93 521,825.83 1,036,898.50
2A 81743SAB6 SEN 3.00947% 156,574,721.67 392,672.31 4,629,773.16
X-1A 81743SAC4 IO 1.02021% 0.00 168,078.51 0.00
X-1B 81743SAD2 IO 1.03691% 0.00 149,338.57 0.00
X-B 81743SAE0 IO 0.71740% 0.00 4,604.50 0.00
A-R 81743SAF7 SEN 3.21184% 0.00 0.00 0.00
B-1 81743SAG5 SUB 2.09000% 7,702,000.00 13,414.32 0.00
B-2 81743SAH3 SUB 2.80740% 4,564,000.00 10,677.47 0.00
B-3 81743SAJ9 SUB 2.80740% 3,424,000.00 8,010.44 0.00
B-4 SMT0209B4 SUB 2.80740% 1,426,000.00 3,336.12 0.00
B-5 SMR0209B5 SUB 2.80740% 856,000.00 2,002.61 0.00
B-6 SMT0209B6 SUB 2.80740% 1,997,086.78 4,672.18 0.00
-------------- ------------ ------------
Totals 547,071,023.38 1,278,632.86 5,666,671.66
-------------- ------------ ------------
Ending
Current Certificate Total Cumulative
Class Realized Loss Balance Distribution Realized Loss
----- ------------- ------- ------------ -------------
1A 0.00 369,490,316.43 1,558,724.33 0.00
2A 0.00 151,944,948.51 5,022,445.47 0.00
X-1A 0.00 0.00 168,078.51 0.00
X-1B 0.00 0.00 149,338.57 0.00
X-B 0.00 0.00 4,604.50 0.00
A-R 0.00 0.00 0.00 0.00
B-1 0.00 7,702,000.00 13,414.32 0.00
B-2 0.00 4,564,000.00 10,677.47 0.00
B-3 0.00 3,424,000.00 8,010.44 0.00
B-4 0.00 1,426,000.00 3,336.12 0.00
B-5 0.00 856,000.00 2,002.61 0.00
B-6 0.00 1,997,086.78 4,672.18 0.00
---- -------------- ------------ ----
Totals 0.00 541,404,351.72 6,945,304.52 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 381,698,000.00 370,527,214.93 0.10 1,036,898.40 0.00 0.00
2A 168,875,000.00 156,574,721.67 2.90 4,629,770.26 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-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 7,702,000.00 7,702,000.00 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
B-3 3,424,000.00 3,424,000.00 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
B-5 856,000.00 856,000.00 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
-------------- -------------- ---- ------------ ---- ----
Totals 570,533,186.78 547,071,023.38 3.00 5,666,668.66 0.00 0.00
-------------- -------------- ---- ------------ ---- ----
Ending Ending
Total Principal Certificate Certificate Total Principal
Class Reduction Balance Percentage Distribution
----- --------- ------- ---------- ------------
1A 1,036,898.50 369,490,316.43 0.96804025 1,036,898.50
2A 4,629,773.16 151,944,948.51 0.89974803 4,629,773.16
X-1A 0.00 0.00 0.00000000 0.00
X-1B 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 7,702,000.00 1.00000000 0.00
B-2 0.00 4,564,000.00 1.00000000 0.00
B-3 0.00 3,424,000.00 1.00000000 0.00
B-4 0.00 1,426,000.00 1.00000000 0.00
B-5 0.00 856,000.00 1.00000000 0.00
B-6 0.00 1,997,086.78 1.00000000 0.00
------------ -------------- ---------- ------------
Totals 5,666,671.66 541,404,351.72 0.94894454 5,666,671.66
------------ -------------- ---------- ------------
(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 381,698,000.00 970.75685946 0.00000026 2.71660540 0.00000000 0.00000000
2A 168,875,000.00 927.16341477 0.00001717 27.41536793 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-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 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending
Principal Certificate Certificate Total Principal
Class Reduction Balance Percentage Distribution
----- --------- ------- ---------- ------------
1A 2.71660567 968.04025379 0.96804025 2.71660567
2A 27.41538511 899.74802967 0.89974803 27.41538511
X-1A 0.00000000 0.00000000 0.00000000 0.00000000
X-1B 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
Payment of
Current Beginning Current Unpaid Current
Original Face Certificate Certificate/ Accrued Interest Interest
Class Amount Rate Notional Balance Interest Shortfall Shortfall
----- ------ ---- ---------------- -------- --------- ---------
1A 381,698,000.00 1.69000% 370,527,214.93 521,825.83 0.00 0.00
2A 168,875,000.00 3.00947% 156,574,721.67 392,672.31 0.00 0.00
X-1A 0.00 1.02021% 197,699,294.52 168,078.51 0.00 0.00
X-1B 0.00 1.03691% 172,827,920.41 149,338.57 0.00 0.00
X-B 0.00 0.71740% 7,702,000.00 4,604.50 0.00 0.00
A-R 100.00 3.21184% 0.00 0.00 0.00 0.00
B-1 7,702,000.00 2.09000% 7,702,000.00 13,414.32 0.00 0.00
B-2 4,564,000.00 2.80740% 4,564,000.00 10,677.47 0.00 0.00
B-3 3,424,000.00 2.80740% 3,424,000.00 8,010.44 0.00 0.00
B-4 1,426,000.00 2.80740% 1,426,000.00 3,336.12 0.00 0.00
B-5 856,000.00 2.80740% 856,000.00 2,002.61 0.00 0.00
B-6 1,997,086.78 2.80740% 1,997,086.78 4,672.18 0.00 0.00
-------------- ------------ ---- ----
Totals 570,533,186.78 1,278,632.86 0.00 0.00
-------------- ------------ ---- ----
Remaining Ending
Non-Supported Unpaid Certificate/
Interest Realized Total Interest Interest Notational
Class Shortfall Loss (4) Distribution Shortfall Balance
----- --------- -------- ------------ --------- -------
1A 0.00 0.00 521,825.83 0.00 369,490,316.43
2A 0.00 0.00 392,672.31 0.00 151,944,948.51
X-1A 0.00 0.00 168,078.51 0.00 196,796,284.83
X-1B 0.00 0.00 149,338.57 0.00 172,694,031.60
X-B 0.00 0.00 4,604.50 0.00 7,702,000.00
A-R 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 13,414.32 0.00 7,702,000.00
B-2 0.00 0.00 10,677.47 0.00 4,564,000.00
B-3 0.00 0.00 8,010.44 0.00 3,424,000.00
B-4 0.00 0.00 3,336.12 0.00 1,426,000.00
B-5 0.00 0.00 2,002.61 0.00 856,000.00
B-6 0.00 0.00 4,672.18 0.00 1,997,086.78
---- ---- ------------ ----
Totals 0.00 0.00 1,278,632.86 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
Class Original Face Certificate Certificate/ Accrued Interest Interest
(5) Amount Rate Notional Balance Interest Shortfall Shortfall
--- ------ ---- ---------------- -------- --------- ---------
1A 381,698,000.00 1.69000% 970.75685946 1.36714925 0.00000000 0.00000000
2A 168,875,000.00 3.00947% 927.16341477 2.32522463 0.00000000 0.00000000
X-1A 0.00 1.02021% 970.22495153 0.82485860 0.00000000 0.00000000
X-1B 0.00 1.03691% 971.36602897 0.83934594 0.00000000 0.00000000
X-B 0.00 0.71740% 1000.00000000 0.59783173 0.00000000 0.00000000
A-R 100.00 3.21184% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 7,702,000.00 2.09000% 1000.00000000 1.74166710 0.00000000 0.00000000
B-2 4,564,000.00 2.80740% 1000.00000000 2.33949825 0.00000000 0.00000000
B-3 3,424,000.00 2.80740% 1000.00000000 2.33949766 0.00000000 0.00000000
B-4 1,426,000.00 2.80740% 1000.00000000 2.33949509 0.00000000 0.00000000
B-5 856,000.00 2.80740% 1000.00000000 2.33949766 0.00000000 0.00000000
B-6 1,997,086.78 2.80740% 1000.00000000 2.33949774 0.00000000 0.00000000
Remaining
Non-Supported Unpaid
Class Interest Realized Total Interest Interest Ending Certificate/
(5) Shortfall Loss (6) Distribution Shortfall Notational Balance
--- --------- -------- ------------ --------- ------------------
1A 0.00000000 0.00000000 1.36714925 0.00000000 968.04025379
2A 0.00000000 0.00000000 2.32522463 0.00000000 899.74802967
X-1A 0.00000000 0.00000000 0.82485860 0.00000000 965.79335993
X-1B 0.00000000 0.00000000 0.83934594 0.00000000 970.61351721
X-B 0.00000000 0.00000000 0.59783173 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 1.74166710 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 2.33949825 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 2.33949766 0.00000000 1000.00000000
B-4 0.00000000 0.00000000 2.33949509 0.00000000 1000.00000000
B-5 0.00000000 0.00000000 2.33949766 0.00000000 1000.00000000
B-6 0.00000000 0.00000000 2.33949774 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 7,111,494.66
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 9,091.32
Realized Losses 0.00
Prepayment Penalties 0.00
------------
Total Deposits 7,120,585.98
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 175,281.46
Payment of Interest and Principal 6,945,304.52
------------
Total Withdrawals (Pool Distribution Amount) 7,120,585.98
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 171,178.43
Master Servicing Fee 4,103.03
Supported Prepayment/Curtailment Interest Shortfall 0.00
------------
Net Servicing Fee 175,281.46
============
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
- -------------------------------------- ---------------------------------- ----------------------------------
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 9 3,260,819.73 30 Days 0 0.00 30 Days 0 0.00
60 Days 2 558,117.66 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
--------------------- --------------------- ---------------------
11 3,818,937.39 0 0.00 0 0.00
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 9 3,260,819.73
60 Days 0 0.00 60 Days 2 558,117.66
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 11 3,818,937.39
DELINQUENT BANKRUPTCY FORECLOSURE
- -------------------------------------- ---------------------------------- ----------------------------------
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 0.614754% 0.602303% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.136612% 0.103089% 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%
--------------------- --------------------- ---------------------
0.751366% 0.705393% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL
- --------------------------------- -------------------------------------
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 0.614754% 0.602303%
60 Days 0.000000% 0.000000% 60 Days 0.136612% 0.103089%
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% 0.751366% 0.705393%
Current Period Class A Insufficient Funds: 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 9,091.32
Original $ Original % Current $ Current % Current Class % Prepayment %
---------- ---------- --------- --------- --------------- ------------
Class A 570,533,086.78 99.99998247% 541,404,351.72 100.00000000% 96.311613% 0.000000%
Class 1A 188,844,086.78 33.09957968% 171,914,035.29 31.75335306% 68.246647% 1,850.311537%
Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.68838683% 28.064966% 760.900837%
Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.26579021% 1.422597% 38.569616%
Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.42279735% 0.842993% 22.855327%
Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.79036801% 0.632429% 17.146503%
Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.52697892% 0.263389% 7.141038%
Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.36887158% 0.158107% 4.286626%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.368872% 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 0.01847048%
Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.16140717%
Special Hazard 6,000,000.00 1.05164785% 5,999,000.00 1.10804429%
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 7 2,622,356.73 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
--------------------- -------------------- ---------------------
7 2,622,356.73 0 0.00 0 0.00
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 7 2,622,356.73
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 7 2,622,356.73
DELINQUENT BANKRUPTCY FORECLOSURE
- -------------------------------------- --------------------------------- -----------------------------------
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 0.697906% 0.684097% 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%
--------------------- -------------------- ---------------------
0.697906% 0.684097% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL
- ---------------------------------- -----------------------------------
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 0.697906% 0.684097%
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% 0.697906% 0.684097%
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 2 638,463.00 30 Days 0 0.00 30 Days 0 0.00
60 Days 2 558,117.66 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 1,196,580.66 0 0.00 0 0.00
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 2 638,463.00
60 Days 0 0.00 60 Days 2 558,117.66
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 1,196,580.66
DELINQUENT BANKRUPTCY FORECLOSURE
- -------------------------------------- ---------------------------------- ----------------------------------
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 0.433839% 0.403936% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.433839% 0.353104% 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%
---------------------- -------------------- --------------------
0.867679% 0.757040% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL
- ----------------------------------- ------------------------------------
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 0.433839% 0.403936%
60 Days 0.000000% 0.000000% 60 Days 0.433839% 0.353104%
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% 0.867679% 0.757040%
COLLATERAL STATEMENT
Collateral Description Mixed Arm
Weighted Average Gross Coupon 3.189160%
Weighted Average Net Coupon 2.813681%
Weighted Average Pass-Through Rate 2.804681%
Weighted Average Maturity (Stepdown Calculation) 326
Beginning Scheduled Collateral Loan Count 1,474
Number of Loans Paid in Full 10
Ending Scheduled Collateral Loan Count 1,464
Beginning Scheduled Collateral Balance 547,071,023.39
Ending Scheduled Collateral Balance 541,404,351.73
Ending Actual Collateral Balance at 28-Feb-2003 541,391,556.93
Monthly P&I Constant 1,453,917.34
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 6,898,586.88
Ending Scheduled Balance for Premium Loans 541,404,351.73
Scheduled Principal 3.00
Unscheduled Principal 5,666,668.66
MISCELLANEOUS REPORTING
Pro Rata Senior Percent 96.349818%
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 3.102679 3.393469 3.189160
Weighted Average Net Rate 2.762996 3.018469 2.813681
Pass-Through Rate 2.717996 3.009469 2.804681
Weighted Average Maturity 310 352 326
Record Date 02/28/2003 02/28/2003 02/28/2003
Principal and Interest Constant 993,817.39 460,099.95 1,453,917.34
Beginning Loan Count 1,005 469 1,474
Loans Paid in Full 2 8 10
Ending Loan Count 1,003 461 1,464
Beginning Scheduled Balance 384,371,301.72 162,699,721.67 547,071,023.39
Ending Scheduled Balance 383,334,403.22 158,069,948.51 541,404,351.73
Scheduled Principal 0.10 2.90 3.00
Unscheduled Principal 1,036,898.40 4,629,770.26 5,666,668.66
Scheduled Interest 993,817.29 460,097.05 1,453,914.34
Servicing Fee 120,334.77 50,843.66 171,178.43
Master Servicing Fee 2,882.78 1,220.25 4,103.03
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 870,599.74 408,033.14 1,278,632.88
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 204,169,860.61
Six Month LIBOR Loans 179,164,542.61