Wells Fargo Bank Minnesota, N.A. SMT Series 2002-7 Certificateholder Distribution Statement (September 2003)

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2002-7 trust. It summarizes the principal and interest payments made to certificateholders as of the September 30, 2003 record date and the October 20, 2003 distribution date. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 3 f94351bexv10w1.txt EXHIBIT 10.1 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 2002-7 RECORD DATE: SEPTEMBER 30, 2003 DISTRIBUTION DATE: OCTOBER 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - --------------------------------------------------------------------------------------------- A 81743YAA5 SEN 1.46000% 453,941,517.82 552,295.51 A-R SMT0207AR SEN 3.50978% 0.00 0.00 B-1 81743YAE7 SUB 1.87000% 8,080,000.00 12,591.33 B-2 81743YAF4 SUB 2.72268% 5,771,000.00 13,093.82 B-3 81743YAG2 SUB 2.72268% 3,463,000.00 7,857.20 B-4 SMT0207B4 SUB 2.72268% 1,442,000.00 3,271.75 B-5 SMT0207B5 SUB 2.72268% 1,154,000.00 2,618.31 B-6 SMT0207B6 SUB 2.72268% 2,600,498.71 5,900.27 X-1 81743YAC1 SEN 1.01649% 0.00 69,479.56 X-2 81743YAD9 SEN 1.30710% 0.00 413,914.25 - --------------------------------------------------------------------------------------------- Totals 476,452,016.53 1,081,022.00 Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------------------------------------------------------------------------------------------------ A 9,152,769.84 0.00 444,788,747.98 9,705,065.35 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 8,080,000.00 12,591.33 0.00 B-2 0.00 0.00 5,771,000.00 13,093.82 0.00 B-3 0.00 0.00 3,463,000.00 7,857.20 0.00 B-4 0.00 0.00 1,442,000.00 3,271.75 0.00 B-5 0.00 0.00 1,154,000.00 2,618.31 0.00 B-6 0.00 0.00 2,600,498.71 5,900.27 0.00 X-1 0.00 0.00 0.00 69,479.56 0.00 X-2 0.00 0.00 0.00 413,914.25 0.00 - ------------------------------------------------------------------------------------------------ Totals 9,152,769.84 0.00 467,299,246.69 10,233,791.84 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 Class Amount Balance Distribution Distribution Accretion - ------------------------------------------------------------------------------------------- A 554,686,000.00 453,941,517.82 5.03 9,152,764.81 0.00 A-R 100.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 8,080,000.00 0.00 0.00 0.00 B-2 5,771,000.00 5,771,000.00 0.00 0.00 0.00 B-3 3,463,000.00 3,463,000.00 0.00 0.00 0.00 B-4 1,442,000.00 1,442,000.00 0.00 0.00 0.00 B-5 1,154,000.00 1,154,000.00 0.00 0.00 0.00 B-6 2,600,498.71 2,600,498.71 0.00 0.00 0.00 X-1 50.00 0.00 0.00 0.00 0.00 X-2 50.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------- Totals 577,196,698.71 476,452,016.53 5.03 9,152,764.81 0.00 Ending Ending Realized Total Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------------ A 0.00 9,152,769.84 444,788,747.98 0.80187484 9,152,769.84 A-R 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 8,080,000.00 1.00000000 0.00 B-2 0.00 0.00 5,771,000.00 1.00000000 0.00 B-3 0.00 0.00 3,463,000.00 1.00000000 0.00 B-4 0.00 0.00 1,442,000.00 1.00000000 0.00 B-5 0.00 0.00 1,154,000.00 1.00000000 0.00 B-6 0.00 0.00 2,600,498.71 1.00000000 0.00 X-1 0.00 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00 0.00000000 0.00 - ------------------------------------------------------------------------------------------------ Totals 0.00 9,152,769.84 467,299,246.69 0.80960138 9,152,769.84
(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 Class Amount Balance Distribution Distribution Accretion - ---------------------------------------------------------------------------------------- A 554,686,000.00 818.37565365 0.00000907 16.50080372 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 1000.00000000 0.00000000 0.00000000 0.00000000 X-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------------ A 0.00000000 16.50081278 801.87484086 0.80187484 16.50081278 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Payment of Current Beginning Current Unpaid Original Face Certificate Certificate/ Accrued Interest Class Amount Rate Notional Balance Interest Shortfall - ---------------------------------------------------------------------------------------- A 554,686,000.00 1.46000% 453,941,517.82 552,295.51 0.00 A-R 100.00 3.50978% 0.00 0.00 0.00 B-1 8,080,000.00 1.87000% 8,080,000.00 12,591.33 0.00 B-2 5,771,000.00 2.72268% 5,771,000.00 13,093.82 0.00 B-3 3,463,000.00 2.72268% 3,463,000.00 7,857.20 0.00 B-4 1,442,000.00 2.72268% 1,442,000.00 3,271.75 0.00 B-5 1,154,000.00 2.72268% 1,154,000.00 2,618.31 0.00 B-6 2,600,498.71 2.72268% 2,600,498.71 5,900.27 0.00 X-1 50.00 1.01649% 82,022,920.74 69,479.56 0.00 X-2 50.00 1.30710% 379,998,597.08 413,914.25 0.00 - ---------------------------------------------------------------------------------------- Totals 577,196,698.71 1,081,022.00 0.00 Remaining Ending Current Non-Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - -------------------------------------------------------------------------------------------- A 0.00 0.00 0.00 552,295.51 0.00 444,788,747.98 A-R 0.00 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 0.00 12,591.33 0.00 8,080,000.00 B-2 0.00 0.00 0.00 13,093.82 0.00 5,771,000.00 B-3 0.00 0.00 0.00 7,857.20 0.00 3,463,000.00 B-4 0.00 0.00 0.00 3,271.75 0.00 1,442,000.00 B-5 0.00 0.00 0.00 2,618.31 0.00 1,154,000.00 B-6 0.00 0.00 0.00 5,900.27 0.00 2,600,498.71 X-1 0.00 0.00 0.00 69,479.56 0.00 78,956,928.58 X-2 0.00 0.00 0.00 413,914.25 0.00 373,911,819.40 - -------------------------------------------------------------------------------------------- Totals 0.00 0.00 0.00 1,081,022.00 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 Class Original Face Certificate Certificate/ Current Accrued Interest (5) Amount Rate Notional Balance Interest Shortfall - ---------------------------------------------------------------------------------------- A 554,686,000.00 1.46000% 818.37565365 0.99569037 0.00000000 A-R 100.00 3.50978% 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1.87000% 1000.00000000 1.55833292 0.00000000 B-2 5,771,000.00 2.72268% 1000.00000000 2.26889967 0.00000000 B-3 3,463,000.00 2.72268% 1000.00000000 2.26889980 0.00000000 B-4 1,442,000.00 2.72268% 1000.00000000 2.26889736 0.00000000 B-5 1,154,000.00 2.72268% 1000.00000000 2.26889948 0.00000000 B-6 2,600,498.71 2.72268% 1000.00000000 2.26889941 0.00000000 X-1 50.00 1.01649% 1640458.41480000 1389.59120000 0.00000000 X-2 50.00 1.30710% 7599971.94160000 8278.28500000 0.00000000 Remaining Current Non-Supported Unpaid Ending Class Interest Interest Realized Total Interest Interest Certificate/ (5) Shortfall Shortfall Loss (6) Distribution Shortfall Notational Balance - ----------------------------------------------------------------------------------------------------- A 0.00000000 0.00000000 0.00000000 0.99569037 0.00000000 ###-###-#### A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 0.00000000 1.55833292 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 0.00000000 2.26889967 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 0.00000000 2.26889980 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 0.00000000 2.26889736 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 0.00000000 2.26889948 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 0.00000000 2.26889941 0.00000000 1000.00000000 X-1 0.00000000 0.00000000 0.00000000 1389.59120000 0.00000000 1579138.57160000 X-2 0.00000000 0.00000000 0.00000000 8278.28500000 0.00000000 ###-###-####.38800000
(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 10,386,858.52 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 295.99 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- 10,387,154.51 Total Deposits Withdrawals Reimbursement for Servicer Advances 295.99 Payment of Service Fee 153,066.68 Payment of Interest and Principal 10,233,791.84 ------------- Total Withdrawals (Pool Distribution Amount) 10,387,154.51 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 149,096.23 Master Servicing Fee 3,970.45 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 153,066.68 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------------------------------------------------------------------------- Basis Risk Reserve Fund - X-1 1,512.56 0.00 0.00 1,512.56 Basis Risk Reserve Fund - X-2 8,487.44 0.00 0.00 8,487.44
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY - ---------------------------------------- --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 1 149,550.97 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 --------- ---------- --------- --------- 1 149,550.97 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.077101% 0.032004% 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% --------- -------- -------- -------- 0.077101% 0.032004% 0.000000% 0.000000% FORECLOSURE REO TOTAL - --------------------------------- ------------------------------------ ------------------------------------ No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0 0.00 30 Days 0 0.00 30 Days 1 149,550.97 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 1 149,550.97 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.077101% 0.032004% 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% 0.077101% 0.032004%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 295.99
Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.02145542% Fraud 17,315,901.00 3.00000001% 10,161,109.97 2.17443320% Special Hazard 5,771,967.00 1.00000000% 4,700,000.00 1.00577949%
Limit of subordinate's exposure to certain types of losses DELINQUENCY STATUS BY GROUP ONE-MONTH LIBOR
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 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 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 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 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%
SIX-MONTH LIBOR
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 1 149,550.97 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 --------- ---------- --------- --------- --------- --------- 1 149,550.97 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.091743% 0.038761% 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% --------- ---------- --------- --------- --------- --------- 0.091743% 0.038761% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ------------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0 0.00 30 Days 1 149,550.97 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 1 149,550.97 No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.091743% 0.038761% 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% 0.091743% 0.038761%
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 3.108196% Weighted Average Net Coupon 2.732680% Weighted Average Pass-Through Rate 2.722680% Weighted Average Maturity (Stepdown Calculation) 343 Beginning Scheduled Collateral Loan Count 1,321 Number of Loans Paid in Full 24 Ending Scheduled Collateral Loan Count 1,297 Beginning Scheduled Collateral Balance 476,452,016.53 Ending Scheduled Collateral Balance 467,299,246.69 Ending Actual Collateral Balance at 30-Sept-2003 467,295,291.70 Monthly P&I Constant 1,234,093.70 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 5.03 Unscheduled Principal 9,152,764.81
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.275390% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000%
GROUP ONE MONTH LIBOR SIX MONTH LIBOR TOTAL Collateral Description Monthly 6 Month Arm Mixed Fixed & Arm Weighted Average Coupon Rate 2.868660 3.159900 3.108196 Weighted Average Net Rate 2.493660 2.784273 2.732680 Pass-Through Rate 2.483660 2.774273 2.722680 Weighted Average Maturity 303 304 343 Record Date 09/30/2003 09/30/2003 09/30/2003 Principal and Interest Constant 202,204.17 1,031,889.53 1,234,093.70 Beginning Loan Count 213 1,108 1,321 Loans Paid in Full 6 18 24 Ending Loan Count 207 1,090 1,297 Beginning Scheduled Balance 84,584,774.69 391,867,241.84 476,452,016.53 Ending Scheduled Balance 81,472,862.53 385,826,384.16 467,299,246.69 Scheduled Principal 0.03 5.00 5.03 Unscheduled Principal 3,111,912.13 6,040,852.68 9,152,764.81 Scheduled Interest 202,204.14 1,031,884.53 1,234,088.67 Servicing Fee 26,432.74 122,663.49 149,096.23 Master Servicing Fee 704.88 3,265.57 3,970.45 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 175,066.52 905,955.47 1,081,021.99 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