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: SEPTEMBER 30, 2003
DISTRIBUTION DATE: OCTOBER 20, 2003
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Ending
Class Certificate Pass- Certificate Interest Principal Current Certificate
Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss Balance
- ----------------------------------------------------------------------------------------------------------------------------------
1A 81743SAA8 SEN 1.47000% 345,958,462.09 423,799.11 5,522,942.81 0.00 340,435,519.28
2A 81743SAB6 SEN 2.74108% 128,069,757.78 292,540.68 2,541,508.34 0.00 125,528,249.44
X-1A 81743SAC4 IO 0.97950% 0.00 150,926.36 0.00 0.00 0.00
X-1B 81743SAD2 IO 1.04150% 0.00 139,784.24 0.00 0.00 0.00
X-B 81743SAE0 IO 0.68895% 0.00 4,421.88 0.00 0.00 0.00
A-R 81743SAF7 SEN 3.16117% 0.00 0.00 0.00 0.00 0.00
B-1 81743SAG5 SUB 1.87000% 7,702,000.00 12,002.28 0.00 0.00 7,702,000.00
B-2 81743SAH3 SUB 2.55895% 4,564,000.00 9,732.52 0.00 0.00 4,564,000.00
B-3 81743SAJ9 SUB 2.55895% 3,424,000.00 7,301.52 0.00 0.00 3,424,000.00
B-4 SMT0209B4 SUB 2.55895% 1,426,000.00 3,040.88 0.00 0.00 1,426,000.00
B-5 SMR0209B5 SUB 2.55895% 856,000.00 1,825.38 0.00 0.00 856,000.00
B-6 SMT0209B6 SUB 2.55895% 1,997,086.78 4,258.70 0.00 0.00 1,997,086.78
- ----------------------------------------------------------------------------------------------------------------------------------
Totals 493,997,306.65 1,049,633.55 8,064,451.15 0.00 485,932,855.50
- ----------------------------------------------------------------------------------------------------------------------------------
Total Cumulative
Class CUSIP Distribution Realized Loss
- -------------------------------------------------
1A 81743SAA8 5,946,741.92 0.00
2A 81743SAB6 2,834,049.02 0.00
X-1A 81743SAC4 150,926.36 0.00
X-1B 81743SAD2 139,784.24 0.00
X-B 81743SAE0 4,421.88 0.00
A-R 81743SAF7 0.00 0.00
B-1 81743SAG5 12,002.28 0.00
B-2 81743SAH3 9,732.52 0.00
B-3 81743SAJ9 7,301.52 0.00
B-4 SMT0209B4 3,040.88 0.00
B-5 SMR0209B5 1,825.38 0.00
B-6 SMT0209B6 4,258.70 0.00
- --------------------------------------------
Totals 9,114,084.70 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 381,698,000.00 345,958,462.09 0.00 5,522,942.81 0.00 0.00
2A 168,875,000.00 128,069,757.78 0.00 2,541,508.34 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 570,533,186.78 493,997,306.65 0.00 8,064,451.15 0.00 0.00
- -------------------------------------------------------------------------------------------
Ending Ending
Original Face Total Principal Certificate Certificate Total Principal
Class Amount Reduction Balance Percentage Distribution
- ---------------------------------------------------------------------------------------------
1A 381,698,000.00 5,522,942.81 340,435,519.28 0.89191860 5,522,942.81
2A 168,875,000.00 2,541,508.34 125,528,249.44 0.74332050 2,541,508.34
X-1A 0.00 0.00 0.00 0.00000000 0.00
X-1B 0.00 0.00 0.00 0.00000000 0.00
X-B 0.00 0.00 0.00 0.00000000 0.00
A-R 100.00 0.00 0.00 0.00000000 0.00
B-1 7,702,000.00 0.00 7,702,000.00 1.00000000 0.00
B-2 4,564,000.00 0.00 4,564,000.00 1.00000000 0.00
B-3 3,424,000.00 0.00 3,424,000.00 1.00000000 0.00
B-4 1,426,000.00 0.00 1,426,000.00 1.00000000 0.00
B-5 856,000.00 0.00 856,000.00 1.00000000 0.00
B-6 1,997,086.78 0.00 1,997,086.78 1.00000000 0.00
- --------------------------------------------------------------------------------------------
Totals 570,533,186.78 8,064,451.15 485,932,855.50 0.85171707 8,064,451.15
- --------------------------------------------------------------------------------------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.
PRINCIPAL DISTRIBUTION FACTORS STATEMENT
- ------------------------------------------------------------------------------------------------------
Beginning Scheduled Unscheduled Total
Original Face Certificate Principal Principal Realized Principal
Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction
- ------------------------------------------------------------------------------------------------------
1A 381,698,000.00 906.38834782 0.00000000 14.46974581 0.00000000 0.00000000 14.46974581
2A 168,875,000.00 758.37014229 0.00000000 15.04964228 0.00000000 0.00000000 15.04964228
X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
- ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------
Ending Ending
Original Face Certificate Certificate Total Principal
Class Amount Balance Percentage Distribution
- -------------------------------------------------------------------
1A 381,698,000.00 891.91860200 0.89191860 14.46974581
2A 168,875,000.00 743.32050001 0.74332050 15.04964228
X-1A 0.00 0.00000000 0.00000000 0.00000000
X-1B 0.00 0.00000000 0.00000000 0.00000000
X-B 0.00 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000
B-1 7,702,000.00 1000.00000000 1.00000000 0.00000000
B-2 4,564,000.00 1000.00000000 1.00000000 0.00000000
B-3 3,424,000.00 1000.00000000 1.00000000 0.00000000
B-4 1,426,000.00 1000.00000000 1.00000000 0.00000000
B-5 856,000.00 1000.00000000 1.00000000 0.00000000
B-6 1,997,086.78 1000.00000000 1.00000000 0.00000000
- ----------------------------------------------------------------
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.
INTEREST DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------------------------------------
Beginning Payment of
Current Certificate/ Current Unpaid Current Non-Supported
Original Face Certificate Notional Accrued Interest Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall Shortfall
- --------------------------------------------------------------------------------------------------------------
1A 381,698,000.00 1.47000% 345,958,462.09 423,799.12 0.00 0.00 0.00
2A 168,875,000.00 2.74108% 128,069,757.78 292,540.68 0.00 0.00 0.00
X-1A 0.00 0.97950% 184,901,725.59 150,926.36 0.00 0.00 0.00
X-1B 0.00 1.04150% 161,056,736.50 139,784.24 0.00 0.00 0.00
X-B 0.00 0.68895% 7,702,000.00 4,421.88 0.00 0.00 0.00
A-R 100.00 3.16117% 0.00 0.00 0.00 0.00 0.00
B-1 7,702,000.00 1.87000% 7,702,000.00 12,002.28 0.00 0.00 0.00
B-2 4,564,000.00 2.55895% 4,564,000.00 9,732.52 0.00 0.00 0.00
B-3 3,424,000.00 2.55895% 3,424,000.00 7,301.52 0.00 0.00 0.00
B-4 1,426,000.00 2.55895% 1,426,000.00 3,040.88 0.00 0.00 0.00
B-5 856,000.00 2.55895% 856,000.00 1,825.38 0.00 0.00 0.00
B-6 1,997,086.78 2.55895% 1,997,086.78 4,258.70 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------
Totals 570,533,186.78 1,049,633.56 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Remaining Ending
Unpaid Certificate/
Original Face Realized Total Interest Interest Notational
Class Amount Loss (4) Distribution Shortfall Balance
- --------------------------------------------------------------------------------
1A 381,698,000.00 0.00 423,799.11 0.00 340,435,519.28
2A 168,875,000.00 0.00 292,540.68 0.00 125,528,249.44
X-1A 0.00 0.00 150,926.36 0.00 182,190,529.93
X-1B 0.00 0.00 139,784.24 0.00 158,244,989.35
X-B 0.00 0.00 4,421.88 0.00 7,702,000.00
A-R 100.00 0.00 0.00 0.00 0.00
B-1 7,702,000.00 0.00 12,002.28 0.00 7,702,000.00
B-2 4,564,000.00 0.00 9,732.52 0.00 4,564,000.00
B-3 3,424,000.00 0.00 7,301.52 0.00 3,424,000.00
B-4 1,426,000.00 0.00 3,040.88 0.00 1,426,000.00
B-5 856,000.00 0.00 1,825.38 0.00 856,000.00
B-6 1,997,086.78 0.00 4,258.70 0.00 1,997,086.78
- --------------------------------------------------------------------------------
Totals 570,533,186.78 0.00 1,049,633.55 0.00
- --------------------------------------------------------------------------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.
INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of
Current Beginning Current Unpaid Current Non-Supported
Class Original Face Certificate Certificate/ Accrued Interest Interest Interest
(5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall
- ---------------------------------------------------------------------------------------------------------
1A 381,698,000.00 1.47000% 906.38834782 1.11032574 0.00000000 0.00000000 0.00000000
2A 168,875,000.00 2.74108% 758.37014229 1.73229122 0.00000000 0.00000000 0.00000000
X-1A 0.00 0.97950% 907.41986805 0.74068307 0.00000000 0.00000000 0.00000000
X-1B 0.00 1.04150% 905.20699550 0.78564657 0.00000000 0.00000000 0.00000000
X-B 0.00 0.68895% 1000.00000000 0.57412101 0.00000000 0.00000000 0.00000000
A-R 100.00 3.16117% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 7,702,000.00 1.87000% 1000.00000000 1.55833290 0.00000000 0.00000000 0.00000000
B-2 4,564,000.00 2.55895% 1000.00000000 2.13245399 0.00000000 0.00000000 0.00000000
B-3 3,424,000.00 2.55895% 1000.00000000 2.13245327 0.00000000 0.00000000 0.00000000
B-4 1,426,000.00 2.55895% 1000.00000000 2.13245442 0.00000000 0.00000000 0.00000000
B-5 856,000.00 2.55895% 1000.00000000 2.13245327 0.00000000 0.00000000 0.00000000
B-6 1,997,086.78 2.55895% 1000.00000000 2.13245616 0.00000000 0.00000000 0.00000000
- ---------------------------------------------------------------------------------------------------------
Remaining
Unpaid Ending
Class Original Face Realized Total Interest Interest Certificate/
(5) Amount Loss (6) Distribution Shortfall Notational Balance
- -------------------------------------------------------------------------------------
1A 381,698,000.00 0.00000000 1.11032571 0.00000000 891.91860200
2A 168,875,000.00 0.00000000 1.73229122 0.00000000 743.32050001
X-1A 0.00 0.00000000 0.74068307 0.00000000 894.11446054
X-1B 0.00 0.00000000 0.78564657 0.00000000 889.40378698
X-B 0.00 0.00000000 0.57412101 0.00000000 1000.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 7,702,000.00 0.00000000 1.55833290 0.00000000 1000.00000000
B-2 4,564,000.00 0.00000000 2.13245399 0.00000000 1000.00000000
B-3 3,424,000.00 0.00000000 2.13245327 0.00000000 1000.00000000
B-4 1,426,000.00 0.00000000 2.13245442 0.00000000 1000.00000000
B-5 856,000.00 0.00000000 2.13245327 0.00000000 1000.00000000
B-6 1,997,086.78 0.00000000 2.13245616 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 9,272,382.59
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 9,272,382.59
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 158,297.88
Payment of Interest and Principal 9,114,084.71
--------------
Total Withdrawals (Pool Distribution Amount) 9,272,382.59
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 154,592.92
Master Servicing Fee 3,704.96
Supported Prepayment/Curtailment Interest Shortfall 0.00
------------
Net Servicing Fee 158,297.88
============
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 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 570,533,086.78 99.99998247% 485,932,855.50 100.00000000% 95.890567% 0.000000%
Class 1A 188,844,086.78 33.09957968% 145,497,336.22 29.94186019% 70.058140% 1,704.812659%
Class 2A 19,969,086.78 3.50007453% 19,969,086.78 4.10943334% 25.832427% 628.612870%
Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.52444070% 1.584993% 38.569616%
Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.58521629% 0.939224% 22.855327%
Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.88059219% 0.704624% 17.146503%
Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.58713601% 0.293456% 7.141038%
Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.41097999% 0.176156% 4.286626%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.410980% 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 0.02057897%
Fraud 17,115,996.00 3.00000007% 9,879,946.13 2.03319163%
Special Hazard 6,000,000.00 1.05164785% 5,997,988.72 1.23432459%
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%
- --------------------------------------------------------------------
COLLATERAL STATEMENT
Collateral Description Mixed Arm
Weighted Average Gross Coupon 2.934262%
Weighted Average Net Coupon 2.558731%
Weighted Average Pass-Through Rate 2.549731%
Weighted Average Maturity (Stepdown Calculation) 319
Beginning Scheduled Collateral Loan Count 1,349
Number of Loans Paid in Full 20
Ending Scheduled Collateral Loan Count 1,329
Beginning Scheduled Collateral Balance 493,997,306.66
Ending Scheduled Collateral Balance 485,932,855.51
Ending Actual Collateral Balance at 30-Sept-2003 485,926,883.93
Monthly P&I Constant 1,207,931.45
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 9,071,501.55
Ending Scheduled Balance for Premium Loans 485,932,855.51
Scheduled Principal 0.00
Unscheduled Principal 8,064,451.15
MISCELLANEOUS REPORTING
Pro Rata Senior Percent 95.957653%
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 2.863095 3.125075 2.934262
Weighted Average Net Rate 2.487366 2.750075 2.558731
Pass-Through Rate 2.478366 2.741075 2.549731
Weighted Average Maturity 303 345 319
Record Date 09/30/2003 09/30/2003 09/30/2003
Principal and Interest Constant 858,457.54 349,473.91 1,207,931.45
Beginning Loan Count 944 405 1,349
Loans Paid in Full 12 8 20
Ending Loan Count 932 397 1,329
Beginning Scheduled Balance 359,802,548.88 134,194,757.78 493,997,306.66
Ending Scheduled Balance 354,279,606.07 131,653,249.44 485,932,855.51
Scheduled Principal 0.00 0.00 0.00
Unscheduled Principal 5,522,942.81 2,541,508.34 8,064,451.15
Scheduled Interest 858,457.54 349,473.91 1,207,931.45
Servicing Fee 112,657.06 41,935.86 154,592.92
Master Servicing Fee 2,698.50 1,006.46 3,704.96
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 743,101.98 306,531.59 1,049,633.57
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 189,599,455.75
Six Month LIBOR Loans 164,680,150.32