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: APRIL 30, 2003
DISTRIBUTION DATE: MAY 20, 2003
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- -----------------------------------------------------------------------------------------------------------------
Certificate Beginning
Class Certificate Certificate Interest Principal
Class CUSIP Description Pass-Through Rate Balance Distribution Distribution
- -----------------------------------------------------------------------------------------------------------------
1-A1 81743RAA0 SEN 1.45938% 9,674,243.59 11,373.15 5,160,475.41
1-A2 81743RAB8 SEN 3.45500% 61,468,000.00 176,976.62 0.00
2A 81743RAC6 SEN 1.62938% 430,884,618.34 585,062.31 3,790,021.74
3A 81743RAD4 SEN 3.30737% 45,019,224.47 124,079.46 1,108,794.10
X-1 81743RAE2 IO 2.11013% 0.00 125,099.65 0.00
X-2A 81743RAFf9 IO 1.07911% 0.00 157,280.62 0.00
X-2B 81743AFG7 IO 1.51017% 0.00 322,148.29 0.00
X-B 81743RAH5 IO 1.40207% 0.00 10,596.17 0.00
A-R 81743RAJ1 SEN 5.37365% 0.00 0.00 0.00
B-1 81743RAK8 SUB 2.00438% 9,069,000.00 15,148.10 0.00
B-2 81743RAL6 SUB 3.40645% 5,505,000.00 15,627.11 0.00
B-3 81743RAM4 SUB 3.40645% 3,886,000.00 11,031.23 0.00
B-4 SMT0208B4 SUB 3.40645% 1,618,000.00 4,593.03 0.00
B-5 SMT0208B5 SUB 3.40645% 970,000.00 2,753.55 0.00
B-6 SMT0208B6 SUB 3.40645% 2,306,324.82 6,546.99 0.00
--------------------------------------------------------------------------------------------------------
Totals 570,400,411.22 1,568,316.28 10,059,291.25
- -----------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Ending
Current Certificate Total Cumulative
Class Realized Loss Balance Distribution Realized Loss
- -------------------------------------------------------------------------------
1-A1 0.00 4,513,768.18 5,171,848.56 0.00
1-A2 0.00 61,468,000.00 176,976.62 0.00
2A 0.00 427,094,596.60 4,375,084.05 0.00
3A 0.00 43,910,430.37 1,232,873.56 0.00
X-1 0.00 0.00 125,099.65 0.00
X-2A 0.00 0.00 157,280.62 0.00
X-2B 0.00 0.00 322,148.29 0.00
X-B 0.00 0.00 10,596.17 0.00
A-R 0.00 0.00 0.00 0.00
B-1 0.00 9,069,000.00 15,148.10 0.00
B-2 0.00 5,505,000.00 15,627.11 0.00
B-3 0.00 3,886,000.00 11,031.23 0.00
B-4 0.00 1,618,000.00 4,593.03 0.00
B-5 0.00 970,000.00 2,753.55 0.00
B-6 0.00 2,306,324.82 6,546.99 0.00
------------------------------------------------------------------
Totals 0.00 560,341,119.97 11,627,607.53 00.00
- ---------------------------------------------------------------------------
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
PRINCIPAL DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------------------------------------------------
Beginning Scheduled Unscheduled
Original Face Certificate Principal Realized Total Principal
Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction
- --------------------------------------------------------------------------------------------------------------------------
1-A1 50,000,000.00 9,674,243.59 0.00 5,160,475.41 0.00 0.00 5,160,475.41
1-A2 61,468,000.00 61,468,000.00 0.00 0.00 0.00 0.00 0.00
2A 463,097,000.00 430,884,618.34 0.00 3,790,021.74 0.00 0.00 3,790,021.74
3A 49,973,000.00 45,019,224.47 0.00 1,108,794.10 0.00 0.00 1,108,794.10
X-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X-2A 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X-2B 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 9,069,000.00 9,069,000.00 0.00 0.00 0.00 0.00 0.00
B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 0.00 0.00
B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 0.00 0.00
B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 0.00 0.00
B-5 970,000.00 970,000.00 0.00 0.00 0.00 0.00 0.00
B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------
Totals 647,892,424.82 570,400,411.22 0.00 10,059,291.25 0.00 0.00 10,059,291.25
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------
Ending Certificate Ending Certificate Total Principal
Class Balance Percentage Distribution
- --------------------------------------------------------------------------
1-A1 4,513,768.18 0.09027536 5,160,475.41
1-A2 61,468,000.00 1.00000000 0.00
2A 427,094,596.60 0.92225732 3,790,021.74
3A 43,910,430.37 0.87868310 1,108,794.10
X-1 0.00 0.00000000 0.00
X-2A 0.00 0.00000000 0.00
X-2B 0.00 0.00000000 0.00
X-B 0.00 0.00000000 0.00
A-R 0.00 0.00000000 0.00
B-1 9,069,000.00 1.00000000 0.00
B-2 5,505,000.00 1.00000000 0.00
B-3 3,886,000.00 1.00000000 0.00
B-4 1,618,000.00 1.00000000 0.00
B-5 970,000.00 1.00000000 0.00
B-6 2,306,324.82 1.00000000 0.00
----------------------------------------------------------
Totals 560,341,119.97 0.86486753 10,059,291.25
- --------------------------------------------------------------------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a
full description.
PRINCIPAL DISTRIBUTION FACTORS STATEMENT
- ----------------------------------------------------------------------------------------------------------------------------
Beginning Scheduled Unscheduled
Original Face Certificate Principal Principal Realized Total Principal
Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction
- ----------------------------------------------------------------------------------------------------------------------------
1-A1 50,000,000.00 193.48487180 0.00000000 103.20950820 0.00000000 0.00000000 103.20950820
1-A2 61,468,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A 463,097,000.00 930.44139422 0.00000000 8.18407750 0.00000000 0.00000000 8.18407750
3A 49,973,000.00 900.87095972 0.00000000 22.18786345 0.00000000 0.00000000 22.18786345
X-1 0.00 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
X-2B 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 9,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
- ----------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------
Ending Certificate Ending Certificate Total Principal
Class Balance Percentage Distribution
- -------------------------------------------------------------------------
1-A1 90.27536360 0.09027536 103.20950820
1-A2 1000.00000000 1.00000000 0.00000000
2A 922.25731672 0.92225732 8.18407750
3A 878.68309627 0.87868310 22.18786345
X-1 0.00000000 0.00000000 0.00000000
X-2A 0.00000000 0.00000000 0.00000000
X-2B 0.00000000 0.00000000 0.00000000
X-B 0.00000000 0.00000000 0.00000000
A-R 0.00000000 0.00000000 0.00000000
B-1 1000.00000000 1.00000000 0.00000000
B-2 1000.00000000 1.00000000 0.00000000
B-3 1000.00000000 1.00000000 0.00000000
B-4 1000.00000000 1.00000000 0.00000000
B-5 1000.00000000 1.00000000 0.00000000
B-6 1000.00000000 1.00000000 0.00000000
- ------------------------------------------------------------------------
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a
full description.
INTEREST DISTRIBUTION STATEMENT
- ----------------------------------------------------------------------------------------------------------------------
Beginning Payment of Non-
Certificate/ Current Unpaid Current Supported
Original Face Current Notional Accrued Interest Interest Interest
Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall
- ----------------------------------------------------------------------------------------------------------------------
1-A1 50,000,000.00 1.45938% 9,674,243.59 11,373.15 0.00 0.00 0.00
1-A2 61,468,000.00 3.45500% 61,468,000.00 176,976.62 0.00 0.00 0.00
2A 463,097,000.00 1.62938% 430,884,618.34 585,062.32 0.00 0.00 0.00
3A 49,973,000.00 3.30737% 45,019,224.47 124,079.46 0.00 0.00 0.00
X-1 0.00 2.11013% 71,142,243.59 125,099.65 0.00 0.00 0.00
X-2A 0.00 1.07911% 174,901,002.09 157,280.62 0.00 0.00 0.00
X-2B 0.00 1.51017% 255,983,616.25 322,148.29 0.00 0.00 0.00
X-B 0.00 1.40207% 9,069,000.00 10,596.17 0.00 0.00 0.00
A-R 100.00 5.37365% 0.00 0.00 0.00 0.00 0.00
B-1 9,069,000.00 2.00438% 9,069,000.00 15,148.10 0.00 0.00 0.00
B-2 5,505,000.00 3.40645% 5,505,000.00 15,627.11 0.00 0.00 0.00
B-3 3,886,000.00 3.40645% 3,886,000.00 11,031.23 0.00 0.00 0.00
B-4 1,618,000.00 3.40645% 1,618,000.00 4,593.03 0.00 0.00 0.00
B-5 970,000.00 3.40645% 970,000.00 2,753.55 0.00 0.00 0.00
B-6 2,306,324.82 3.40645% 2,306,324.82 6,546.99 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------
Totals 647,892,424.82 1,568,316.29 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------
Remaining Ending
Unpaid Certificate/
Realized Total Interest Interest Notational
Class Loss (4) Distribution Shortfall Balance
- -------------------------------------------------------------------
1-A1 0.00 11,373.15 0.00 4,513,768.18
1-A2 0.00 176,976.62 0.00 61,468,000.00
2A 0.00 585,062.31 0.00 427,094,596.60
3A 0.00 124,079.46 0.00 43,910,430.37
X-1 0.00 125,099.65 0.00 65,981,768.18
X-2A 0.00 157,280.62 0.00 174,330,306.43
X-2B 0.00 322,148.29 0.00 252,764,290.17
X-B 0.00 10,596.17 0.00 9,069,000.00
A-R 0.00 0.00 0.00 0.00
B-1 0.00 15,148.10 0.00 9,069,000.00
B-2 0.00 15,627.11 0.00 5,505,000.00
B-3 0.00 11,031.23 0.00 3,886,000.00
B-4 0.00 4,593.03 0.00 1,618,000.00
B-5 0.00 2,753.55 0.00 970,000.00
B-6 0.00 6,546.99 0.00 2,306,324.82
- -------------------------------------------------------------------
Totals 0.00 1,568,316.28 0.00
- -------------------------------------------------------------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a
full description.
INTEREST DISTRIBUTION FACTORS STATEMENT
- -------------------------------------------------------------------------------------------------------------------
Payment of Non-
Current Beginning Unpaid Current Supported
Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest
(5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall
- -------------------------------------------------------------------------------------------------------------------
1-A1 50,000,000.00 1.45938% 193.48487180 0.22746300 0.00000000 0.00000000 0.00000000
1-A2 61,468,000.00 3.45500% 1000.00000000 2.87916672 0.00000000 0.00000000 0.00000000
2A 463,097,000.00 1.62938% 930.44139422 1.26336884 0.00000000 0.00000000 0.00000000
3A 49,973,000.00 3.30737% 900.87095972 2.48292998 0.00000000 0.00000000 0.00000000
X-1 0.00 2.11013% 638.23019692 1.12229205 0.00000000 0.00000000 0.00000000
X-2A 0.00 1.07911% 928.52307909 0.83497912 0.00000000 0.00000000 0.00000000
X-2B 0.00 1.51017% 931.75664897 1.17258993 0.00000000 0.00000000 0.00000000
X-B 0.00 1.40207% 1000.00000000 1.16839453 0.00000000 0.00000000 0.00000000
A-R 100.00 5.37365% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 9,069,000.00 2.00438% 1000.00000000 1.67031646 0.00000000 0.00000000 0.00000000
B-2 5,505,000.00 3.40645% 1000.00000000 2.83871208 0.00000000 0.00000000 0.00000000
B-3 3,886,000.00 3.40645% 1000.00000000 2.83871076 0.00000000 0.00000000 0.00000000
B-4 1,618,000.00 3.40645% 1000.00000000 2.83870828 0.00000000 0.00000000 0.00000000
B-5 970,000.00 3.40645% 1000.00000000 2.83871134 0.00000000 0.00000000 0.00000000
B-6 2,306,324.82 3.40645% 1000.00000000 2.83871116 0.00000000 0.00000000 0.00000000
- -------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------
Remaining
Unpaid
Class Realized Total Interest Interest Ending Certificate/
(5) Loss (6) Distribution Shortfall Notational Balance
- ------------------------------------------------------------------------
1-A1 0.00000000 0.22746300 0.00000000 90.27536360
1-A2 0.00000000 2.87916672 0.00000000 1000.00000000
2A 0.00000000 1.26336882 0.00000000 922.25731672
3A 0.00000000 2.48292998 0.00000000 878.68309627
X-1 0.00000000 1.12229205 0.00000000 591.93461962
X-2A 0.00000000 0.83497912 0.00000000 925.49334178
X-2B 0.00000000 1.17258993 0.00000000 920.03860028
X-B 0.00000000 1.16839453 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.67031646 0.00000000 1000.00000000
B-2 0.00000000 2.83871208 0.00000000 1000.00000000
B-3 0.00000000 2.83871076 0.00000000 1000.00000000
B-4 0.00000000 2.83870828 0.00000000 1000.00000000
B-5 0.00000000 2.83871134 0.00000000 1000.00000000
B-6 0.00000000 2.83871116 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 11,806,830.22
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Prepayment Penalties 0.00
-------------
Total Deposits 11,806,830.22
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 179,222.68
Payment of Interest and Principal 11,627,607.54
-------------
Total Withdrawals (Pool Distribution Amount) 11,806,830.22
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 174,944.69
Master Servicing Fee 4,277.99
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
----------
Net Servicing Fee 179,222.68
==========
- -----------------------------------------------------------------------------------------------------
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
- ----------------------------------------------------------------------------------------------------------
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%
- ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------
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 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%
- --------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
- -------------------------------------------------------------------------------------------------------------------
Original $ Original % Current $ Current % Current Class % Prepayment %
-------------- ----------- -------------- ------------ --------------- -------------
Class A 647,892,324.82 99.99998457% 560,341,119.97 100.00000000% 95.832124% 0.000000%
Class 1-A-1 597,892,324.82 92.28265402% 555,827,351.79 99.19446066% 0.805539% 19.327333%
Class 1-A-2 536,424,324.82 82.79527654% 494,359,351.79 88.22471423% 10.969746% 263.197504%
Class 2A 73,327,324.82 11.31782407% 67,264,755.19 12.00425112% 79.220463% 1,828.760197%
Class 3A 23,354,324.82 3.60466089% 23,354,324.82 4.16787631% 7.836375% 188.018411%
Class X-1 23,354,324.82 3.60466089% 23,354,324.82 4.16787631% 0.000000% 0.000000%
Class B-1 14,285,324.82 2.20489147% 14,285,324.82 2.54939791% 1.618478% 38.832208%
Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.56696064% 0.982437% 25.571651%
Class B-3 4,894,324.82 0.75542245% 4,894,324.82 0.87345452% 0.693506% 16.639316%
Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.58470184% 0.288753% 6.928053%
Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.41159300% 0.173109% 4.153406%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.411593% 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 0.02249433%
Fraud 19,436,773.00 3.00000004% 19,436,773.00 3.46873936%
Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 2.76608292%
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 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%
- -----------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------
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 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%
- --------------------------------------------------------------------
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 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%
- ----------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------
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 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%
- --------------------------------------------------------------------
Group 3
- -------------------------------------------------------------------------------------------------------------
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 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%
- -------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------
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 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%
- --------------------------------------------------------------------
COLLATERAL STATEMENT
Collateral Description Mixed Arm
Weighted Average Gross Coupon 3.676447%
Weighted Average Net Coupon 3.308401%
Weighted Average Pass-Through Rate 3.299401%
Weighted Average Maturity (Stepdown Calculation) 322
Beginning Scheduled Collateral Loan Count 1,486
Number of Loans Paid in Full 24
Ending Scheduled Collateral Loan Count 1,462
Beginning Scheduled Collateral Balance 570,400,411.22
Ending Scheduled Collateral Balance 560,341,119.97
Ending Actual Collateral Balance at 30-Apr-2003 560,340,373.51
Monthly P&I Constant 1,747,538.98
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 11,561,311.36
Ending Scheduled Balance for Premium Loans 560,341,119.97
Scheduled Principal 0.00
Unscheduled Principal 10,059,291.25
MISCELLANEOUS REPORTING
One Month Libor Loan Balance 181,389,359.95
Six Month Libor Loan Balance - POOL 1 69,786,036.60
Six Month Libor Loan Balance - POOL 2 262,999,324.39
Six Month Libor Loan Balance - POOL 3 45,807,384.56
Pro Rata Senior Percent 95.905626%
Senior Percentage 100.000000%
Senior Prepay Percentage 100.000000%
Subordinate Percentage 0.000000%
Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 3 TOTAL
Collateral Description Mixed ARM Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.546144 3.360727 3.691373 3.676447
Weighted Average Net Rate 5.296144 2.973574 3.316373 3.308401
Pass-Through Rate 5.287144 2.964574 3.307373 3.299401
Weighted Average Maturity 346 313 350 322
Record Date 04/30/2003 04/30/2003 04/30/2003 04/30/2003
Principal and Interest Constant 348,046.09 1,255,171.97 144,320.92 1,747,538.98
Beginning Loan Count 153 1,192 141 1,486
Loans Paid in Full 10 11 3 24
Ending Loan Count 143 1,181 138 1,462
Beginning Scheduled Balance 75,305,526.48 448,178,706.08 46,916,178.66 570,400,411.22
Ending Scheduled Balance 70,145,051.07 444,388,684.34 45,807,384.56 560,341,119.97
Scheduled Principal 0.00 0.00 0.00 0.00
Unscheduled Principal 5,160,475.41 3,790,021.74 1,108,794.10 10,059,291.25
Scheduled Interest 348,046.09 1,255,171.97 144,320.92 1,747,538.98
Servicing Fee 15,688.65 144,594.73 14,661.31 174,944.69
Master Servicing Fee 564.79 3,361.33 351.87 4,277.99
Trustee Fee 0.00 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00 0.00
Net Interest 331,792.65 1,107,215.91 129,307.74 1,568,316.30
Realized Loss Amount 0.00 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00 0.00
Prepayment Penalties 0.00 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00 0.00