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: JULY 31, 2003
DISTRIBUTION DATE: AUGUST 20, 2003
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- ---------------------------------------------------------------------------------------------------------------------------------
Certificate Beginning
Class Certificate Pass- Certificate Interest Principal
Class CUSIP Description Through Rate Balance Distribution Distribution
- ---------------------------------------------------------------------------------------------------------------------------------
1A 81743SAA8 SEN 1.45000% 356,844,205.99 431,186.75 4,828,990.11
2A 81743SAB6 SEN 2.85125% 138,194,418.40 328,356.02 4,232,851.08
X-1A 81743SAC4 IO 1.25145% 0.00 199,353.49 0.00
X-1B 81743SAD2 IO 1.15764% 0.00 159,837.51 0.00
X-B 81743SAE0 IO 0.86720% 0.00 5,565.98 0.00
A-R 81743SAF7 SEN 3.16071% 0.00 0.00 0.00
B-1 81743SAG5 SUB 1.85000% 7,702,000.00 11,873.92 0.00
B-2 81743SAH3 SUB 2.71720% 4,564,000.00 10,334.42 0.00
B-3 81743SAJ9 SUB 2.71720% 3,424,000.00 7,753.08 0.00
B-4 SMT0209B4 SUB 2.71720% 1,426,000.00 3,228.94 0.00
B-5 SMR0209B5 SUB 2.71720% 856,000.00 1,938.27 0.00
B-6 SMT0209B6 SUB 2.71720% 1,997,086.78 4,522.07 0.00
- ---------------------------------------------------------------------------------------------------------------------------------
Totals 515,007,711.17 1,163,950.45 9,061,841.19
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Ending
Current Certificate Total Cumulative
Class Realized Loss Balance Distribution Realized Loss
- ---------------------------------------------------------------------------------------------
1A 0.00 352,015,215.88 5,260,176.86 0.00
2A 0.00 133,961,567.32 4,561,207.10 0.00
X-1A 0.00 0.00 199,353.49 0.00
X-1B 0.00 0.00 159,837.51 0.00
X-B 0.00 0.00 5,565.98 0.00
A-R 0.00 0.00 0.00 0.00
B-1 0.00 7,702,000.00 11,873.92 0.00
B-2 0.00 4,564,000.00 10,334.42 0.00
B-3 0.00 3,424,000.00 7,753.08 0.00
B-4 0.00 1,426,000.00 3,228.94 0.00
B-5 0.00 856,000.00 1,938.27 0.00
B-6 0.00 1,997,086.78 4,522.07 0.00
- ---------------------------------------------------------------------------------------------
Totals 0.00 505,945,869.98 10,225,791.64 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 381,698,000.00 356,844,205.99 0.00 4,828,990.10 0.00 0.00
2A 168,875,000.00 138,194,148.40 0.00 4,232,851.08 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 570,533,186.78 515,007,711.17 0.00 9,061,841.18 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------
Total Principal Ending Certificate Ending Certificate Total Principal
Class Reduction Balance Percentage Distribution
- -----------------------------------------------------------------------------------------------------
1A 4,828,990.11 352,015,215.88 0.92225664 4,828,990.11
2A 4,232,851.08 133,961,567.32 0.79325873 4,232,851.08
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 9,061,841.19 505,945,869.98 0.88679481 9,061,841.19
- -----------------------------------------------------------------------------------------------------
(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 381,698,000.00 934.90827870 0.00000000 12.65163549 0.00000000 0.00000000
2A 168,875,000.00 818.32372110 0.00000000 25.06499529 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 Principal Ending Certificate Ending Certificate Total Principal
Class Reduction Balance Percentage Distribution
- --------------------------------------------------------------------------------------------------
1A 12.65163552 922.25664318 0.92225664 12.65163552
2A 25.06499529 793.25872580 0.79325873 25.06499529
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
- --------------------------------------------------------------------------------------------------------------------------
Beginning Payment of
Certificate/ Current Unpaid Current
Original Face Current Notional Accrued Interest Interest
Class Amount Certificate Rate Balance Interest Shortfall Shortfall
- --------------------------------------------------------------------------------------------------------------------------
1A 381,698,000.00 1.45000% 356,844,205.99 431,186.75 0.00 0.00
2A 168,875,000.00 2.85125% 138,194,418.40 328,356.02 0.00 0.00
X-1A 0.00 1.25145% 191,158,118.00 199,353.49 0.00 0.00
X-1B 0.00 1.15764% 165,686,087.99 159,837.51 0.00 0.00
X-B 0.00 0.86720% 7,702,000.00 5,565.98 0.00 0.00
A-R 100.00 3.16071% 0.00 0.00 0.00 0.00
B-1 7,702,000.00 1.85000% 7,702,000.00 11,873.92 0.00 0.00
B-2 4,564,000.00 2.71720% 4,564,000.00 10,334.42 0.00 0.00
B-3 3,424,000.00 2.71720% 3,424,000.00 7,753.08 0.00 0.00
B-4 1,426,000.00 2.71720% 1,426,000.00 3,228.94 0.00 0.00
B-5 856,000.00 2.71720% 856,000.00 1,938.27 0.00 0.00
B-6 1,997,086.78 2.71720% 1,997,086.78 4,522.07 0.00 0.00
- --------------------------------------------------------------------------------------------------------------------------
Totals 570,533,186.78 1,163,950.45 0.00 0.00
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------
Non- Remaining Ending
Supported Unpaid Certificate/
Interest Realized Total Interest Interest Notational
Class Shortfall Loss (4) Distribution Shortfall Balance
- --------------------------------------------------------------------------------------------------
1A 0.00 0.00 431,186.75 0.00 352,015,215.88
2A 0.00 0.00 328,356.02 0.00 133,961,567.32
X-1A 0.00 0.00 199,353.49 0.00 188,045,616.75
X-1B 0.00 0.00 159,837.51 0.00 163,969,599.13
X-B 0.00 0.00 5,565.98 0.00 7,702,000.00
A-R 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 11,873.92 0.00 7,702,000.00
B-2 0.00 0.00 10,334.42 0.00 4,564,000.00
B-3 0.00 0.00 7,753.08 0.00 3,424,000.00
B-4 0.00 0.00 3,228.94 0.00 1,426,000.00
B-5 0.00 0.00 1,938.27 0.00 856,000.00
B-6 0.00 0.00 4,522.07 0.00 1,997,086.78
- --------------------------------------------------------------------------------------------------
Totals 0.00 0.00 1,163,950.45 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 Face Certificate Certificate/ Current Accrued Interest Interest
Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall
- -----------------------------------------------------------------------------------------------------------------------
1A 381,698,000.00 1.45000% 934.90827870 1.12968084 0.00000000 0.00000000
2A 168,875,000.00 2.85125% 818.32372110 1.94437318 0.00000000 0.00000000
X-1A 0.00 1.25145% 938.12360950 0.97834305 0.00000000 0.00000000
X-1B 0.00 1.15764% 931.22590935 0.89835443 0.00000000 0.00000000
X-B 0.00 0.86720% 1000.00000000 0.72266684 0.00000000 0.00000000
A-R 100.00 3.16071% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 7,702,000.00 1.85000% 1000.00000000 1.54166710 0.00000000 0.00000000
B-2 4,564,000.00 2.71720% 1000.00000000 2.26433392 0.00000000 0.00000000
B-3 3,424,000.00 2.71720% 1000.00000000 2.26433411 0.00000000 0.00000000
B-4 1,426,000.00 2.71720% 1000.00000000 2.26433380 0.00000000 0.00000000
B-5 856,000.00 2.71720% 1000.00000000 2.26433411 0.00000000 0.00000000
B-6 1,997,086.78 2.71720% 1000.00000000 2.26433325 0.00000000 0.00000000
- -----------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------
Non- Remaining
Supported Unpaid
Interest Realized Total Interest Interest Ending Certificate/
Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance
- ---------------------------------------------------------------------------------------------------------
1A 0.00000000 0.00000000 1.12968084 0.00000000 922.25664318
2A 0.00000000 0.00000000 1.94437318 0.00000000 793.25872580
X-1A 0.00000000 0.00000000 0.97834305 0.00000000 922.84876301
X-1B 0.00000000 0.00000000 0.89835443 0.00000000 921.57851579
X-B 0.00000000 0.00000000 0.72266684 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 1.54166710 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 2.26433392 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 2.26433411 0.00000000 1000.00000000
B-4 0.00000000 0.00000000 2.26433380 0.00000000 1000.00000000
B-5 0.00000000 0.00000000 2.26433411 0.00000000 1000.00000000
B-6 0.00000000 0.00000000 2.26433325 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 10,362,352.11
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 29,590.61
Realized Losses 0.00
Prepayment Penalties 0.00
-----------------
Total Deposits 10,391,942.72
Withdrawals
Reimbursement for Servicer Advances 1,129.88
Payment of Service Fee 165,021.21
Payment of Interest and Principal 10,225,791.63
-----------------
Total Withdrawals (Pool Distribution Amount) 10,391,942.72
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 161,158.65
Master Servicing Fee 3,862.56
Supported Prepayment/Curtailment Interest Shortfall 0.00
-----------------
Net Servicing Fee 165,021.21
=================
- -------------------------------------------------------------------------------------------------------
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 33 12,193,548.95 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 1 451,952.78 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
------------------------------ -------------------------- ---------------------------
34 12,645,501.73 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 2.398256% 2.410079% 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 0.072674% 0.089329% 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%
------------------------------ -------------------------- ---------------------------
2.470930% 2.499408% 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 33 12,193,548.95
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 1 451,952.78
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 34 12,645,501.73
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 2.398256% 2.410079%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.072674% 0.089329%
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% 2.470930% 2.499408%
Current Period Class A Insufficient Funds: 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 29,590.61
Original $ Original % Current $ Current % Current Class % Prepayment %
-------------- ------------ -------------- ------------- --------------- -------------
Class A 570,533,086.78 99.99998247% 505,945,869.98 100.00000000% 96.053118% 0.000000%
Class 1A 188,844,086.78 33.09957968% 153,930,654.10 30.42433257% 69.575667% 1,762.800772%
Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.94688206% 26.477451% 670.844735%
Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.42458482% 1.522297% 38.569616%
Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.52251204% 0.902073% 22.855327%
Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.84575980% 0.676752% 17.146503%
Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.56391147% 0.281848% 7.141038%
Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.39472341% 0.169188% 4.286626%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.394723% 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 0.01976496%
Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.38296980%
Special Hazard 6,000,000.00 1.05164785% 5,998,488.72 1.18559891%
- --------------------------------------------------------------------------------
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 11 3,453,565.46 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 1 451,952.78 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
--------------------------- -------------------------- -------------------------
12 3,905,518.24 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 1.145833% 0.943961% 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 0.104167% 0.123532% 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%
--------------------------- -------------------------- -------------------------
1.250000% 1.067493% 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 11 3,453,565.46
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 1 451,952.78
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 12 3,905,518.24
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 1.145833% 0.943961%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.104167% 0.123532%
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% 1.250000% 1.067493%
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 22 8,739,983.49 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
---------------------------- -------------------------- -------------------------
22 8,739,983.49 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 5.288462% 6.239238% 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%
--------------------------- -------------------------- -------------------------
5.288462% 6.239238% 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 22 8,739,983.49
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 22 8,739,983.49
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 5.288462% 6.239238%
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% 5.288462% 6.239238%
COLLATERAL STATEMENT
Collateral Description Mixed Arm
Weighted Average Gross Coupon 3.096587%
Weighted Average Net Coupon 2.721077%
Weighted Average Pass-Through Rate 2.712077%
Weighted Average Maturity (Stepdown Calculation) 321
Beginning Scheduled Collateral Loan Count 1,400
Number of Loans Paid in Full 24
Ending Scheduled Collateral Loan Count 1,376
Beginning Scheduled Collateral Balance 515,007,711.18
Ending Scheduled Collateral Balance 505,945,869.99
Ending Actual Collateral Balance at 30-July-2003 505,939,853.33
Monthly P&I Constant 1,328,971.67
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 10,180,574.96
Ending Scheduled Balance for Premium Loans 505,945,869.99
Scheduled Principal 0.01
Unscheduled Principal 9,061,841.18
MISCELLANEOUS REPORTING
Pro Rata Senior Percent 96.122565%
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 3.042600 3.235253 3.096587
Weighted Average Net Rate 2.666892 2.860253 2.721077
Pass-Through Rate 2.657892 2.851253 2.712077
Weighted Average Maturity 305 347 321
Record Date 07/31/2003 07/31/2003 07/31/2003
Principal and Interest Constant 939,880.17 389,091.50 1,328,971.67
Beginning Loan Count 972 428 1,400
Loans Paid in Full 12 12 24
Ending Loan Count 960 416 1,376
Beginning Scheduled Balance 370,688,292.78 144,319,418.40 515,007,711.18
Ending Scheduled Balance 365,859,302.67 140,086,567.32 505,945,869.99
Scheduled Principal 0.01 0.00 0.01
Unscheduled Principal 4,828,990.10 4,232,851.08 9,061,841.18
Scheduled Interest 939,880.16 389,091.50 1,328,971.66
Servicing Fee 116,058.83 45,099.82 161,158.65
Master Servicing Fee 2,780.16 1,082.40 3,862.56
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 821,041.17 342,909.28 1,163,950.45
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING
Group 1
One Month LIBOR Loans 195,441,092.06
Six Month LIBOR Loans 170,418,210.61