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: NOVEMBER 28, 2003
DISTRIBUTION DATE: DECEMBER 22, 2003
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning
Class Certificate Pass- Certificate Interest Principal Current
Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss
- -------------------------------------------------------------------------------------------------------------
1-A1 81743RAA0 SEN 1.25000% 0.00 0.00 0.00 0.00
1-A2 81743RAB8 SEN 3.45500% 33,656,546.89 96,902.81 1,240,449.17 0.00
2A 81743RAC6 SEN 1.42000% 387,370,375.65 458,388.27 5,693,824.54 0.00
3A 81743RAD4 SEN 2.95478% 38,464,382.84 94,711.51 509,529.94 0.00
X-1 81743RAE2 IO 1.78131% 0.00 49,960.70 0.00 0.00
X-2A 81743RAFf9 IO 1.02113% 0.00 136,053.18 0.00 0.00
X-2B 81743AFG7 IO 1.17966% 0.00 223,628.76 0.00 0.00
X-B 81743RAH5 IO 1.25508% 0.00 9,485.24 0.00 0.00
A-R 81743RAJ1 SEN 5.37281% 0.00 0.00 0.00 0.00
B-1 81743RAK8 SUB 1.79500% 9,069,000.00 13,565.71 0.00 0.00
B-2 81743RAL6 SUB 3.05008% 5,505,000.00 13,992.22 0.00 0.00
B-3 81743RAM4 SUB 3.05008% 3,886,000.00 9,877.16 0.00 0.00
B-4 SMT0208B4 SUB 3.05008% 1,618,000.00 4,112.52 0.00 0.00
B-5 SMT0208B5 SUB 3.05008% 970,000.00 2,465.48 0.00 0.00
B-6 SMT0208B6 SUB 3.05008% 2,306,324.82 5,862.06 0.00 0.00
----------------------------------------------------------------------------------------------------
Totals 482,845,630.20 1,119,005.62 7,443,803.65 0.00
- -------------------------------------------------------------------------------------------------------------
Ending
Certificate Total Cumulative
Class Balance Distribution Realized Loss
- --------------------------------------------------
1-A1 0.00 0.00 0.00
1-A2 32,416,097.72 1,337,351.98 0.00
2A 381,676,551.11 6,152,212.81 0.00
3A 37,954,852.90 604,241.45 0.00
X-1 0.00 49,960.70 0.00
X-2A 0.00 136,053.18 0.00
X-2B 0.00 223,628.76 0.00
X-B 0.00 9,485.24 0.00
A-R 0.00 0.00 0.00
B-1 9,069,000.00 13,565.71 0.00
B-2 5,505,000.00 13,992.22 0.00
B-3 3,886,000.00 9,877.16 0.00
B-4 1,618,000.00 4,112.52 0.00
B-5 970,000.00 2,465.48 0.00
B-6 2,306,324.82 5,862.66 0.00
-------------------------------------------
Totals 475,401,826.55 8,562,809.27 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 Total Principal
Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction
- ----------------------------------------------------------------------------------------------------------
1-A1 50,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00
1-A2 61,468,000.00 33,656,546.89 0.00 1,240,449.17 0.00 0.00 1,240,449.17
2A 463,097,000.00 387,370,375.65 0.00 5,693,824.54 0.00 0.00 5,693,824.54
3A 49,973,000.00 38,464,382.84 0.00 509,529.94 0.00 0.00 509,529.94
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 647,892,424.82 482,845,630.20 0.00 7,443,803.65 0.00 0.00 7,443,803.65
- ----------------------------------------------------------------------------------------------------------
Ending Certificate Ending Certificate Total Principal
Class Balance Percentage Distribution
- --------------------------------------------------------------
1-A1 0.00 0.00000000 0.00
1-A2 32,416,097.72 0.52736542 1,240,449.17
2A 381,676,551.11 0.82418273 5,693,824.54
3A 37,954,852.90 0.75950719 509,529.94
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 475,401,826.55 0.73376661 7,443,803.65
- --------------------------------------------------------------
(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 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A2 61,468,000.00 547.54582693 0.00000000 20.18040558 0.00000000 0.00000000 20.18040558
2A 463,097,000.00 836.47783434 0.00000000 12.29510133 0.00000000 0.00000000 12.29510133
3A 49,973,000.00 769.70329658 0.00000000 10.19610470 0.00000000 0.00000000 10.19610470
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 0.00000000 0.00000000 0.00000000
1-A2 527.36542136 0.52736542 20.18040558
2A 824.18273301 0.82418273 12.29510133
3A 759.50719188 0.75950719 10.19610470
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 Realized
Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4)
- ----- ------ ---------------- ------- -------- --------- --------- --------- --------
1-A1 50,000,000.00 1.25000% 0.00 0.00 0.00 0.00 0.00 0.00
1-A2 61,468,000.00 3.45500% 33,656,546.89 96,902.81 0.00 0.00 0.00 0.00
2A 463,097,000.00 1.42000% 387,370,375.65 458,388.28 0.00 0.00 0.00 0.00
3A 49,973,000.00 2.95478% 38,464,382.84 94,711.51 0.00 0.00 0.00 0.00
X-1 0.00 1.78131% 33,656,546.89 49,960.70 0.00 0.00 0.00 0.00
X-2A 0.00 1.02113% 159,884,911.40 136,053.18 0.00 0.00 0.00 0.00
X-2B 0.00 1.17966% 227,485,464.25 223,628.76 0.00 0.00 0.00 0.00
X-B 0.00 1.25508% 9,069,000.00 9,485.24 0.00 0.00 0.00 0.00
A-R 100.00 5.37281% 0.00 0.00 0.00 0.00 0.00 0.00
B-1 9,069,000.00 1.79500% 9,069,000.00 13,565.71 0.00 0.00 0.00 0.00
B-2 5,505,000.00 3.05008% 5,505,000.00 13,992.22 0.00 0.00 0.00 0.00
B-3 3,886,000.00 3.05008% 3,886,000.00 9,877.16 0.00 0.00 0.00 0.00
B-4 1,618,000.00 3.05008% 1,618,000.00 4,112.52 0.00 0.00 0.00 0.00
B-5 970,000.00 3.05008% 970,000.00 2,465.48 0.00 0.00 0.00 0.00
B-6 2,306,324.82 3.05008% 2,306,324.82 5,862.06 0.00 0.00 0.00 0.00
- ------ -------------- ------------ ---- ---- ---- ----
Totals 647,892,424.82 1,119,005.63 0.00 0.00 0.00 0.00
- ------ -------------- ------------ ---- ---- ---- ----
Remaining Ending
Unpaid Certificate/
Total Interest Interest Notational
Class Distribution Shortfall Balance
- ----- ------------ --------- -------
1-A1 0.00 0.00 0.00
1-A2 96,902.81 0.00 32,416,097.72
2A 458,388.27 0.00 381,676,551.11
3A 94,711.51 0.00 37,954,852.90
X-1 49,960.70 0.00 32,416,097.72
X-2A 136,053.18 0.00 156,538,224.55
X-2B 223,628.76 0.00 225,138,326.56
X-B 9,485.24 0.00 9,069,000.00
A-R 0.00 0.00 0.00
B-1 13,565.71 0.00 9,069,000.00
B-2 13,992.22 0.00 5,505,000.00
B-3 9,877.16 0.00 3,886,000.00
B-4 4,112.52 0.00 1,618,000.00
B-5 2,465.48 0.00 970,000.00
B-6 5,862.06 0.00 2,306,324.82
- ------ ------------ ----
Totals 1,119,005.62 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
Class Original Face Certificate Certificate/ Current Accrued Interest Interest
(5) Amount Rate Notional Balance Interest Shortfall Shortfall
---- ------ ---- ---------------- -------- --------- ---------
1-A1 50,000,000.00 1.25000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A2 61,468,000.00 3.45500% 547.54582693 1.57647573 0.00000000 0.00000000
2A 463,097,000.00 1.42000% 836.47783434 0.98983211 0.00000000 0.00000000
3A 49,973,000.00 2.95478% 769.70329658 1.89525364 0.00000000 0.00000000
X-1 0.00 1.78131% 301.93909364 0.44820666 0.00000000 0.00000000
X-2A 0.00 1.02113% 848.80491512 0.72228584 0.00000000 0.00000000
X-2B 0.00 1.17966% 828.02601574 0.81398797 0.00000000 0.00000000
X-B 0.00 1.25508% 1000.00000000 1.04589701 0.00000000 0.00000000
A-R 100.00 5.37281% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 9,069,000.00 1.79500% 1000.00000000 1.49583306 0.00000000 0.00000000
B-2 5,505,000.00 3.05008% 1000.00000000 2.54172934 0.00000000 0.00000000
B-3 3,886,000.00 3.05008% 1000.00000000 2.54172928 0.00000000 0.00000000
B-4 1,618,000.00 3.05008% 1000.00000000 2.54173053 0.00000000 0.00000000
B-5 970,000.00 3.05008% 1000.00000000 2.54173196 0.00000000 0.00000000
B-6 2,306,324.82 3.05008% 1000.00000000 2.54173217 0.00000000 0.00000000
Non- Remaining
Supported Unpaid
Class Interest Realized Total Interest Interest Ending Certificate/
(5) Shortfall Loss (6) Distribution Shortfall Notational Balance
---- --------- -------- ------------ --------- ------------------
1-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A2 0.00000000 0.00000000 1.57647573 0.00000000 527.36542136
2A 0.00000000 0.00000000 0.98983209 0.00000000 824.18273301
3A 0.00000000 0.00000000 1.89525364 0.00000000 759.50719188
X-1 0.00000000 0.00000000 0.44820666 0.00000000 290.81079521
X-2A 0.00000000 0.00000000 0.72228584 0.00000000 831.03785866
X-2B 0.00000000 0.00000000 0.81398797 0.00000000 819.48265199
X-B 0.00000000 0.00000000 1.04589701 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 1.49583306 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 2.54172934 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 2.54172928 0.00000000 1000.00000000
B-4 0.00000000 0.00000000 2.54173053 0.00000000 1000.00000000
B-5 0.00000000 0.00000000 2.54173196 0.00000000 1000.00000000
B-6 0.00000000 0.00000000 2.54173217 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 8,717,919.18
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 8,717,919.18
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 155,109.91
Payment of Interest and Principal 8,562,809.27
------------
Total Withdrawals (Pool Distribution Amount) 8,717,919.18
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 151,488.57
Master Servicing Fee 3,621.34
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
----------
Net Servicing Fee 155,109.91
==========
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% 475,401,826.55 100.00000000% 95.087456% 0.000000%
Class 1-A-1 597,892.324.82 92.28265402% 475,401,826.55 100.00000000% 0.000000% 0.000000%
Class 1-A-2 536,424,324.82 82.79527654% 442,985,728.83 93.18132664% 6.818673% 138.801263%
Class 2A 73,327,324.82 11.31782407% 61,309,177.72 12.89628569% 80.285041% 1,634.286386%
Class 3A 23,354,324.82 3.60466089% 23,354,324.82 4.91254419% 7.983741% 162.517449%
Class X-1 23,354,324.82 3.60466089% 23,354,324.82 4.91254419% 0.000000% 0.000000%
Class X-2-A 23,354,324.82 3.60466089% 23,354,324.82 4.91254419% 0.000000% 0.000000%
Class X-2-B 23,354,324.82 3.60466089% 23,354,324.82 4.91254419% 0.000000% 0.000000%
Class B-1 14,285,324.82 2.20489147% 14,285,342.82 3.00489481% 1.907649% 38.832208%
Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.84692703% 1.157968% 23.571651%
Class B-3 4,894,324.82 0.75542245% 4,894,324.82 1.02951326% 0.817414% 16.639316%
Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.68916959% 0.340344% 6.928053%
Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.48513167% 0.204038% 4.153406%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.485132% 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 0.02651336%
Fraud 19,436,773.00 3.00000004% 10,357,716.80 2.17872886%
Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 3.26029458%
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 3.166516%
Weighted Average Net Coupon 2.790027%
Weighted Average Pass-Through Rate 2.781027%
Weighted Average Maturity (Stepdown Calculation) 315
Beginning Scheduled Collateral Loan Count 1,280
Number of Loans Paid in Full 18
Ending Scheduled Collateral Loan Count 1,262
Beginning Scheduled Collateral Balance 482,845,630.20
Ending Scheduled Collateral Balance 475,401,826.55
Ending Actual Collateral Balance at 28-Nov-2003 475,395,834.54
Monthly P&I Constant 1,274,115.54
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 8,503,448.88
Ending Scheduled Balance for Premium Loans 475,401,826.55
Scheduled Principal 0.00
Unscheduled Principal 7,443,803.65
MISCELLANEOUS REPORTING
One Month Libor Loan Balance 163,631,104.06
Six Month Libor Loan Balance - POOL 1 36,579,380.61
Six Month Libor Loan Balance - POOL 2 235,339,534.79
Six Month Libor Loan Balance - POOL 3 39,851,807.09
Pro Rata Senior Percent 95.163190%
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 5.495313 2.931686 3.338781 3.166516
Weighted Average Net Rate 5.245313 2.543226 2.963781 2.790027
Pass-Through Rate 5.236313 2.534226 2.954781 2.781027
Weighted Average Maturity 339 306 343 315
Record Date 11/28/2003 11/28/2003 11/28/2003 11/28/2003
Principal and Interest Constant 173,193.16 988,624.34 112,298.04 1,274,115.54
Beginning Loan Count 77 1,082 121 1,280
Loans Paid in Full 3 13 2 18
Ending Loan Count 74 1,069 119 1,262
Beginning Scheduled Balance 37,819,829.78 404,664,463.39 40,361,337.03 482,845,630.20
Ending Scheduled Balance 36,579,380.61 398,970,638.85 39,851,807.09 475,401,826.55
Scheduled Principal 0.00 0.00 0.00 0.00
Unscheduled Principal 1,240,449.17 5,693,824.54 509,529.94 7,443,803.65
Scheduled Interest 173,193.16 988,624.34 112,298.04 1,274,115.54
Servicing Fee 7,879.13 130,996.52 12,612.92 151,488.57
Master Servicing Fee 283.65 3,034.98 302.71 3,621.34
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 165,030.38 854,592.84 99,382.41 1,119,005.63
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