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 2002-8
RECORD DATE: MARCH 31, 2003
DISTRIBUTION DATE: APRIL 21, 2003
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate
Certificate Pass- Beginning Real- Current Ending Cumulative
Class Through Certificate Interest Principal ized Certificate Total Realized
Class CUSIP Description Rate Balance Distribution Distribution Loss Balance Distribution Loss
----- ----- ----------- -------- ------- ------------ ------------ ---- ------- ------------ ----
1-A1 81743RAA0 SEN 1.41375% 14,039,638.05 17,653.15 4,365,394.46 0.00 9,674,243.59 4,383,037.61 0.00
1-A2 81743RAB8 SEN 3.45500% 61,468,000.00 176,976.62 0.00 0.00 61,468,000.00 176,976.62 0.00
2A 81743RAC6 SEN 1.58375% 434,819,140.98 573,870.68 3,934,522.64 0.00 430,884,618.34 4,508,393.32 0.00
3A 81743RAD4 SEN 3.31529% 46,434,016.93 128,285.31 1,414,792.46 0.00 45,019,224.47 1,543,077.77 0.00
X-1 81743RAE2 IO 2.21589% 0.00 139,430.57 0.00 0.00 0.00 139,430.57 0.00
X-2A 81743RAFf9 IO 1.12581% 0.00 165,685.32 0.00 0.00 0.00 165,685.32 0.00
X-2B 81743AFG7 IO 1.55718% 0.00 335,072.31 0.00 0.00 0.00 335,072.31 0.00
X-B 81743RAH5 IO 1.45307% 0.00 10,981.59 0.00 0.00 0.00 10,981.59 0.00
A-R 81743RAJ1 SEN 5.37359% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B-1 81743RAK8 SUB 1.95875% 9,069,000.00 14,803.25 0.00 0.00 9,069,000.00 14,803.25 0.00
B-2 81743RAL6 SUB 3.41182% 5,505,000.00 15,651.73 0.00 0.00 5,505,000.00 15,651.73 0.00
B-3 81743RAM4 SUB 3.41182% 3,886,000.00 11,048.62 0.00 0.00 3,886,000.00 11,048.62 0.00
B-4 SMT0208B4 SUB 3.41182% 1,618,000.00 4,600.27 0.00 0.00 1,618,000.00 4,600.27 0.00
B-5 SMT0208B5 SUB 3.41182% 970,000.00 2,757.89 0.00 0.00 970,000.00 2,757.89 0.00
B-6 SMT0208B6 SUB 3.41182% 2,306,324.82 6,557.31 0.00 0.00 2,306,324.82 6,557.31 0.00
Totals 580,115,120.78 1,603,364.62 9,714,709.56 0.00 570,400,411.22 11,318,074.18 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
Real-
Original Beginning Scheduled Unscheduled ized Total Ending Ending Total
Face Certificate Principal Principal Accre- Loss Principal Certificate Certificate Principal
Class Amount Balance Distribution Distribution tion (1) Reduction Balance Percentage Distribution
- ----- ------ ------- ------------ ------------ ---- --- --------- ------- ---------- ------------
1-A1 50,000,000.00 14,039,638.05 445.02 4,364,949.44 0.00 0.00 4,365,394.46 9,674,243.59 0.19348487 4,365,394.46
1-A2 61,468,000.00 61,468,000.00 0.00 0.00 0.00 0.00 0.00 61,468,000.00 1.00000000 0.00
2A 463,097,000.00 434,819,140.98 513.19 3,934,009.45 0.00 0.00 3,934,522.64 430,884,618.34 0.93044139 3,934,522.64
3A 49,973,000.00 46,434,016.93 0.13 1,414,792.33 0.00 0.00 1,414,792.46 45,019,224.47 0.90087096 1,414,792.46
X-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 0.00
X-2A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 0.00
X-2B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 0.00
X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 0.00
A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 0.00
B-1 9,069,000.00 9,069,000.00 0.00 0.00 0.00 0.00 0.00 9,069,000.00 1.00000000 0.00
B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 0.00 0.00 5,505,000.00 1.00000000 0.00
B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 0.00 0.00 3,886,000.00 1.00000000 0.00
B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 0.00 0.00 1,618,000.00 1.00000000 0.00
B-5 970,000.00 970,000.00 0.00 0.00 0.00 0.00 0.00 970,000.00 1.00000000 0.00
B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 0.00 0.00 2,306,324.82 1.00000000 0.00
Totals 647,892,424.82 580,115,120.78 958.34 9,713,751.22 0.00 0.00 9,714,709.56 570,400,411.22 0.88039370 9,714,709.56
(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
Total
Original Beginning Scheduled Unscheduled Realized Ending Ending Total
Face Certificate Principal Principal Accre- Loss Principal Certificate Certificate Principal
Class Amount Balance Distribution Distribution tion (3) Reduction Balance Percentage Distribution
- ----- ------ ------- ------------------------- ---- --- --------- ------- ---------- ------------
1-A1 50,000,000.00 280.79276100 0.00890040 87.29898880 0.00000000 0.00000000 87.30788920 193.48487180 0.19348487 87.30788920
1-A2 61,468,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
2A 463,097,000.00 938.93750333 0.00110817 8.49500094 0.00000000 0.00000000 8.49610911 930.44139422 0.93044139 8.49610911
3A 49,973,000.00 929.18209693 0.00000260 28.31113461 0.00000000 0.00000000 28.31113721 900.87095972 0.90087096 28.31113721
X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-2B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 9,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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
Payment
of Non- Remaining
Beginning Unpaid Current Supported Total Unpaid Ending
Original Current Certificate/ Current Interest Interest Interest Realized Interest Interest Certificate/
Face Certificate Notional Accrued Short- Short- Short Loss Distri- Short- Notational
Class Amount Rate Balance Interest fall fall fall (4) bution fall Balance
- ----- ------ ---- ------- -------- ---- ---- -------- --- ------ ---- -------
1-A1 50,000,000.00 1.41375% 14,039,638.05 17,643.15 0.00 0.00 0.00 0.00 17,643.15 0.00 9,674,243.59
1-A2 61,468,000.00 3.45500% 61,468,000.00 176,976.62 0.00 0.00 0.00 0.00 176,976.62 0.00 61,468,000.00
2A 463,097,000.00 1.58375% 434,819,140.98 573,870.68 0.00 0.00 0.00 0.00 573,870.68 0.00 430,884.618.34
3A 49,973,000.00 3.31529% 46,434,016.93 128,285.31 0.00 0.00 0.00 0.00 128,285.31 0.00 45,019,224.47
X-1 0.00 2.21589% 75,507,638.05 139,430.57 0.00 0.00 0.00 0.00 139,430.57 0.00 71,142,243.59
X-2A 0.00 1.12581% 176,603,538.55 165,685.32 0.00 0.00 0.00 0.00 165,685.32 0.00 174,901,002.09
X-2B 0.00 1.55718% 258,215,602.43 335,072.31 0.00 0.00 0.00 0.00 335,072.31 0.00 255,983,616.25
X-B 0.00 1.45307% 9,069,000.00 10,981.59 0.00 0.00 0.00 0.00 10,981.59 0.00 9,069,000.00
A-R 100.00 5.37359% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B-1 9,069,000.00 1.95875% 9,069,000.00 14,803.25 0.00 0.00 0.00 0.00 14,803.25 0.00 9,069,000.00
B-2 5,505,000.00 3.41182% 5,505,000.00 15,651.73 0.00 0.00 0.00 0.00 15,651.73 0.00 5,505,000.00
B-3 3,886,000.00 3.41182% 3,886,000.00 11,048.62 0.00 0.00 0.00 0.00 11,048.62 0.00 3,886,000.00
B-4 1,618,000.00 3.41182% 1,618,000.00 4,600.27 0.00 0.00 0.00 0.00 4,600.27 0.00 1,618,000.00
B-5 970,000.00 3.41182% 970,000.00 2,757.89 0.00 0.00 0.00 0.00 2,757.89 0.00 970,000.00
B-6 2,306,324.82 3.41182% 2,306,324.82 6,557.31 0.00 0.00 0.00 0.00 6,557.31 0.00 2,306,324.82
Totals 647,892,424.82 1,603,364.62 0.00 0.00 0.00 0.00 1,603,364.62 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
Original Certi Certificate/ Current Interest Interest
Class Face ficate Notional Accrued Short- Short-
(5) Amount Rate Balance Interest fall fall
--- ------ ---- ------- -------- ---- ----
1-A1 50,000,000.00 1.41375% 280.79276100 0.35286300 0.00000000 0.00000000
1-A2 61,468,000.00 3.45500% 1000.00000000 2.87916672 0.00000000 0.00000000
2A 463,097,000.00 1.58375% 938.93750333 1.23920190 0.00000000 0.00000000
3A 49,973,000.00 3.31529% 929.18209693 2.56709243 0.00000000 0.00000000
X-1 0.00 2.21589% 677.39295627 1.25085738 0.00000000 0.00000000
X-2A 0.00 1.12581% 937.56158874 0.87959841 0.00000000 0.00000000
X-2B 0.00 1.55718% 939.88087190 1.21963217 0.00000000 0.00000000
X-B 0.00 1.45307% 1000.00000000 1.21089315 0.00000000 0.00000000
A-R 100.00 5.37359% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 9,069,000.00 1.95875% 1000.00000000 1.63229132 0.00000000 0.00000000
B-2 5,505,000.00 3.41182% 1000.00000000 2.84318438 0.00000000 0.00000000
B-3 3,886,000.00 3.41182% 1000.00000000 2.84318580 0.00000000 0.00000000
B-4 1,618,000.00 3.41182% 1000.00000000 2.84318294 0.00000000 0.00000000
B-5 970,000.00 3.41182% 1000.00000000 2.84318557 0.00000000 0.00000000
B-6 2,306,324.82 3.41182% 1000.00000000 2.84318581 0.00000000 0.00000000
Remaining
Non- Total Unpaid Ending
Supported Realized Interest Interest Certificate/
Class Interest Loss Distri- Short- Notational
(5) Shortfall (4) bution fall Balance
--- --------- --- ------ ---- -------
1-A1 0.00000000 0.00000000 0.35286300 0.00000000 193.48487180
1-A2 0.00000000 0.00000000 2.87916672 0.00000000 1000.00000000
2A 40.00000000 0.00000000 1.23920190 0.00000000 930.44139422
3A 0.00000000 0.00000000 2.56709243 0.00000000 900.87095972
X-1 0.00000000 0.00000000 1.25085738 0.00000000 638.23019692
X-2A 0.00000000 0.00000000 0.87959841 0.00000000 92852307909
X-2B 0.00000000 0.00000000 1.21963217 0.00000000 931.75664897
X-B 0.00000000 0.00000000 1.21089315 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 1.63229132 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 2.84318438 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 2.84318580 0.00000000 1000.00000000
B-4 0.00000000 0.00000000 2.84318294 0.00000000 1000.00000000
B-5 0.00000000 0.00000000 2.84318557 0.00000000 1000.00000000
B-6 0.00000000 0.00000000 2.84318581 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 11,499,353.91
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 635.05
Realized Losses 0.00
Prepayment Penalties 0.00
-------------
Total Deposits 11,499,988.96
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 181,914.78
Payment of Interest and Principal 11,318,074.18
-------------
Total Withdrawals (Pool Distribution Amount) 11,499,988.96
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 177,563.91
Master Servicing Fee 4,350,87
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
-------------
Net Servicing Fee 181,914.78
=============
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
------------ ------- ----------- -------- -------
Class X-1 Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00
Class X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00
Class X-B Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
No. of Principal No. of Principal No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance Loans Balance Loans Balance
----- ------- ----- ------- ----- ------- ----- ------- ----- -------
0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 1 82,500.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 1 82,500.00
60 Days 1 161,500.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 1 161,500.00
90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
2 244,000.00 0 0.00 0 0.00 0 0.00 2 244,000.00
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 0.067295% 0.014464% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.067295% 0.028313% 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%
0.134590% 0.042777% 0.000000% 0.000000% 0.000000% 0.000000%
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 30 Days 0.000000% 0.000000% 30 Days 0.067295% 0.014464%
60 Days 60 Days 0.000000% 0.000000% 60 Days 0.067295% 0.028313%
90 Days 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
0.000000% 0.000000% 0.134590% 0.042777%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 635.05
Original $ Original% Current $ Current % Current Class % Prepayment %
---------- --------- --------- --------- --------------- ------------
Class A 647,892,324.82 99.99998457% 570,400,411.22 100.00000000% 95.905626% 0.000000%
Class 1-A-1 597,892,324.82 92.28265402% 560,726,167.63 98.30395571% 1.696044% 41.423778%
Class 1-A-2 536,424,324.82 82.79527654% 499,258,167.63 87.52766615% 10.776290% 263.197504%
Class 2A 73,327,324.82 11.31782407% 68,373,549.29 11.98693899% 75.540727% 1,844.988548%
Class 3A 23,354,324.82 3.60466089% 23,354,324.82 4.09437377% 7.892565% 192.766114%
Class X-1 23,354,324.82 3.60466089% 23,354,324.82 4.09437377% 0.000000% 0.000000%
Class B-1 14,285,324.82 2.20489147% 14,285,324.82 2.50443803% 1.589936% 38.832208%
Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.53932652% 0.965112% 23.571651%
Class B-3 4,894,324.82 0.75542245% 4,894,324.82 0.85805072% 0.681276% 16.639316%
Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.57439033% 0.283660% 6.928053%
Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.40433435% 0.170056% 4.153406%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.404334% 9.875365%
Please refer to the prospectus supplement for a full description of loss
exposure
Original $ Original % Current $ Current %
Bankruptcy 126,045.00 0.01945462% 126,045.00 0.02209763%
Fraud 19,436,773.00 3.00000004% 19,436,773.00 3.40756644%
Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 2.71730169%
Limit of subordinate's exposure to certain types of losses
DELINQUENCY STATUS BY GROUP
GROUP 1
DELINQUENT BANKRUPTCY
---------- ----------
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 0 0.00
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 0 0.00
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 0.000000% 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%
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% 0.000000% 0.000000%
FORECLOSURE REO TOTAL
----------- --- -----
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 0 0.00 30 Days 0. 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00
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
0 0.00 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 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
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%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
GROUP 2
DELINQUENT BANKRUPTCY
---------- ----------
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 1 82,500.00 30 Days 0 0.00
60 Days 1 161,500.00 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
2 244,000.00 0 0.00
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 0.083893% 0.018408% 30 Days 0.000000% 0.000000%
60 Days 0.083893% 0.036035% 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%
0.167785% 0.054443% 0.000000% 0.000000%
FORECLOSURE REO TOTAL
----------- --- -----
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 0 0.00 30 Days 0 0.00 30 Days 1 82,500.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 1 161,500.00
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
0 0.00 0 0.00 2 244,000.00
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 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.083893% 0.018408%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.083893% 0.036035%
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%
0.000000% 0.000000% 0.000000% 0.000000% 0.167785% 0.054443%
Group 3
DELINQUENT BANKRUPTCY
---------- ----------
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 0 0.00
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 0 0.00
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 0.000000% 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%
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% 0.000000% 0.000000%
FORECLOSURE REO TOTAL
----------- --- -----
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 0 0.00 30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00
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
0 0.00 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 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
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%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
COLLATERAL STATEMENT
Collateral Description Mixed Arm
Weighted Average Gross Coupon 3.692949%
Weighted Average Net Coupon 3.325648%
Weighted Average Pass-Through Rate 3.316648%
Weighted Average Maturity (Stepdown Calculation) 323
Beginning Scheduled Collateral Loan Count 1,510
Number of Loans Paid in Full 24
Ending Scheduled Collateral Loan Count 1,486
Beginning Scheduled Collateral Balance 580,115,120.78
Ending Scheduled Collateral Balance 570,400,411.22
Ending Actual Collateral Balance at 31-Mar-2003 570,400,586.38
Monthly P&I Constant 1,786,237.73
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 11,251,673.51
Ending Scheduled Balance for Premium Loans 570,400,411.22
Scheduled Principal 958.34
Unscheduled Principal 9,713,751.22
MISCELLANEOUS REPORTING
One Month Libor Loan Balance 181,920,870.40
Six Month Libor Loan Balance - POOL 1 74,946,511.32
Six Month Libor Loan Balance - POOL 2 266,257,835.68
Six Month Libor Loan Balance - POOL 3 46,916,178.66
Pro Rata Senior Percent 95.974191%
Senior Percentage 100.000000%
Senior Prepay Percentage 100.000000%
Subordinate Percentage 0.000000%
Subordinate Prepayment Percentage 0.000000%