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EX-10.1 3 f84667exv10w1.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: AUGUST 30, 2002 DISTRIBUTION DATE: SEPTEMBER 20, 2002 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- ------------------------------------------------------------------------------------------------------------ Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ------------------------------------------------------------------------------------------------------------ A 81743YAA5 SEN 2.13750% 542,318,201.86 966,004.30 A-R SMT0207AR SEN 3.61157% 0.00 0.00 B-1 81743YAE7 SUB 2.54750% 8,080,000.00 17,153.17 B-2 81743YAF4 SUB 3.61157% 5,771,000.00 17,368.64 B-3 81743YAG2 SUB 3.61157% 3,463,000.00 10,422.39 B-4 SMT0207B4 SUB 3.61157% 1,442,000.00 4,339.90 B-5 SMT0207B5 SUB 3.61157% 1,154,000.00 3,473.13 B-6 SMT0207B6 SUB 3.61157% 2,600,498.71 7,826.57 X-1 81743YAC1 SEN 1.14298% 0.00 89,726.35 X-2 81743YAD9 SEN 1.53518% 0.00 583,628.35 - ------------------------------------------------------------------------------------------------------------ Totals 564,828,700.57 1,699,942.80 - ------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------ Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------------------------------------------------------------------------------------------------------------ A 7,748,226.19 0.00 534,569,975.67 8,714,230.49 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 8,080,000.00 17,153.17 0.00 B-2 0.00 0.00 5,771,000.00 17,368.64 0.00 B-3 0.00 0.00 3,463,000.00 10,422.39 0.00 B-4 0.00 0.00 1,442,000.00 4,339.00 0.00 B-5 0.00 0.00 1,154,000.00 3,473.13 0.00 B-6 0.00 0.00 2,600,498.71 7,826.57 0.00 X-1 0.00 0.00 0.00 89,726.35 0.00 X-2 0.00 0.00 0.00 583,628.35 0.00 - ------------------------------------------------------------------------------------------------------------ Totals 7,748,226.19 0.00 557,080,474.38 9,448,169.99 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 554,686,000.00 542,318,201.86 38.95 7,748,187.24 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 577,196,698.71 564,828,700.57 38.95 7,748,187.24 0.00 - -------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------- Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------------------- A 0.00 7,748,226.19 34,569,975.67 0.96373439 7,748,226.19 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 7,748,226.19 557,080,474.38 0.96514841 7,748,226.19 - -------------------------------------------------------------------------------------------------------
(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 Class Amount Balance Distribution Distribution Accretion - --------------------------------------------------------------------------------------------------------- A 554,686,000.00 977.703064178 0.00007022 13.96860069 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 - ---------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------- Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - --------------------------------------------------------------------------------------------------------- A 0.00000000 13.96867091 963.73439328 0.96373439 13.96867091 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 0.00000000 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
- ------------------------------------------------------------------------------------------------------------------------- Beginning Payment of Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 2.13750% 542,318,201.86 966,004.30 0.00 0.00 A-R 100.00 2.61157% 0.00 0.00 0.00 0.00 B-1 8,080,000.00 2.54750% 8,080,000.00 17,153.17 0.00 0.00 B-2 5,771,000.00 3.61157% 5,771,000.00 17,368.64 0.00 0.00 B-3 3,463,000.00 3.61157% 3,463,000.00 10,422.39 0.00 0.00 B-4 1,442,000.00 3.61157% 1,442,000.00 4,339.90 0.00 0.00 B-5 1,154,000.00 3.61157% 1,154,000.00 3,473.13 0.00 0.00 B-6 2,600,498.71 3.61157% 2,600,498.71 7,826.57 0.00 0.00 X-1 50.00 1.14298% 94,201,461.99 89,724.89 0.00 0.00 X-2 50.00 1.53518% 456,196,739.87 583,618.83 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------- Totals 577,196,698.71 1,699,931.82 0.00 0.00 - -------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - --------------------------------------------------------------------------------------------------------- A 0.00 0.00 966,004.30 0.00 534,569,975.67 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 17,153.17 0.00 8,080,000.00 B-2 0.00 0.00 17,368.64 0.00 5,771,000.00 B-3 0.00 0.00 10,422.39 0.00 3,463,000.00 B-4 0.00 0.00 4,339.90 0.00 1,422,000.00 B-5 0.00 0.00 3,473.13 0.00 1,154,000.00 B-6 0.00 0.00 7,826.57 0.00 2,600,498.71 X-1 0.00 0.00 89,726.35 0.00 92,390,201.56 X-2 0.00 0.00 583,628.35 0.00 450,259,774.11 - --------------------------------------------------------------------------------------------------------- Totals 0.00 0.00 1,699,942.80 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 - ----------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 2.13750% 977.70306418 1.74153359 0.00000000 0.00000000 A-R 100.00 3.61157% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 2.54750% 1000.00000000 2.12291708 0.00000000 0.00000000 B-2 5,771,000.00 3.61157% 1000.00000000 3.00964131 0.00000000 0.00000000 B-3 3,463,000.00 3.61157% 1000.00000000 3.00964193 0.00000000 0.00000000 B-4 1,442,000.00 3.61157% 1000.00000000 3.00963939 0.00000000 0.00000000 B-5 1,154,000.00 3.61157% 1000.00000000 3.00964471 0.00000000 0.00000000 B-6 2,600,498.71 3.61157% 1000.00000000 3.00964195 0.00000000 0.00000000 X-1 50.00 1.14298% 4029239.80000000 94497.80000000 0.00000000 0.00000000 X-2 50.00 1.53518% 3934797.39999960 72376.60000000 0.00000000 0.00000000 - -----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------- Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - ----------------------------------------------------------------------------------------------------------- A 0.00000000 0.00000000 1.74153359 0.00000000 963.73439328 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 2.12291708 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.00964131 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.00964193 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 3.00963939 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 3.00964471 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 3.00964195 0.00000000 1000.00000000 X-1 0.00000000 0.00000000 94527.00000000 0.00000000 47804031.20000000 X-2 0.00000000 0.00000000 72567.00000000 0.00000000 05195482.20000080 - -----------------------------------------------------------------------------------------------------------
(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 9,629,579.05 Liquidations, Insurance Proceeds, Reserve Funds 10.97 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 9,629,590.02 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 181,421.03 Payment of Interest and Principal 9,448,169.99 ------------ Total Withdrawals (Pool Distribution Amount) 9,629,590.02 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 176,714.13 Master Servicing Fee 4,706.90 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 181,421.03 ========== - --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------- Basis Risk Reserve Fund -- X-1 1,509.72 1.66 4.57 1,512.63 Basis Risk Reserve Fund -- X-2 8,490.28 12.22 9.31 8,487.37 - --------------------------------------------------------------------------------
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
- --------------------------------------------------------------------------------------------------------------------------------- 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% - ---------------------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
- --------------------------------------------------------------------------------------------------------- Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.01799758% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.10833027% Special Hazard 5,771,967.00 1.00000000% 5,771,967.00 1.03611009% 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% - ---------------------------------------------------------------------------------------------------------------------------------
ONE-MONTH LIBOR - ------------------------------------------------------------------------------------ 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 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% - ---------------------------------------------------------------------------------------------------------------------------------
SIX-MONTH LIBOR - ------------------------------------------------------------------------------------ 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% - ------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 3.997033% Weighted Average Net Coupon 3.621597% Weighted Average Pass-Through Rate 3.611597% Weighted Average Maturity (Stepdown Calculation) 356 Beginning Scheduled Collateral Loan Count 1,543 Number of Loans Paid in Full 15 Ending Scheduled Collateral Loan Count 1,528 Beginning Scheduled Collateral Balance 564,828,700.57 Ending Scheduled Collateral Balance 557,080,474.38 Ending Actual Collateral Balance at 30-Aug-2002 557,078,326.06 Monthly P&I Constant 1,881,404.65 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 38.95 Unscheduled Principal 7,748,187.24 - --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.014633% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Basis RiskReserve Fund Income X-1 1.66 Basis Risk Reserve Fund Income X-2 9.31 - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------- GROUP ONE MONTH LIBOR SIX MONTH LIBOR TOTAL Collateral Description Monthly 6 Month Arm Mixed Fixed & Arm Weighted Average Coupon Rate 3.671526 4.064248 3.997033 Weighted Average Net Rate 3.296526 3.688722 3.621597 Weighted Average Maturity 316 317 356 Record Date 08/30/2002 08/30/2002 08/30/2002 Principal and Interest Constant 295,776.09 1,585,628.56 1,881,404.65 Beginning Loan Count 241 1,302 1,543 Loans Paid in Full 3 12 15 Ending Loan Count 238 1,290 1,528 Beginning Scheduled Balance 96,671,263.07 468,157,437.50 564,828,700.57 Ending Scheduled Balance 94,847,101.48 462,233,372.90 557,080,474.38 Scheduled Principal 0.21 38.74 38.95 Unscheduled Principal 1,824,161.38 5,924,025.86 7,748,187.24 Scheduled Interest 295,775.88 1,585,589.82 1,881,365.70 Servicing Fee 30,209.76 146,504.37 176,714.13 Master Servicing Fee 805.59 3,901.31 4,706.90 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 264,760.53 1,435,184.14 1,699,944.67 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 - -------------------------------------------------------------------------------------------------