Certificateholder Distribution Statement for SMT Series 2002-7 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document summarizes the distribution of principal and interest to certificateholders of the SMT Series 2002-7 trust, administered by Wells Fargo Bank Minnesota, N.A. It details the amounts distributed to each class of certificateholders as of July 31, 2002, including interest and principal payments, ending balances, and any realized losses. The report confirms that all distributions were made according to the Pooling and Servicing Agreement, with no realized losses reported for this period.

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EX-10.1 3 f84381bexv10w1.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: JULY 31, 2002 DISTRIBUTION DATE: AUGUST 20, 2002
CERTIFICATEHOLDER DISTRIBUTION SUMMARY - ---------------------------------------------------------------------------------------------- Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - ---------------------------------------------------------------------------------------------- A 81743YAA5 SEN 2.18000% 548,195,177.20 995,887.91 5,876,975.34 A-R SMT0207AR SEN 3.61671% 0.00 0.00 0.00 B-1 81743YAE7 SUB 2.59000% 8,080,000.00 17,439.33 0.00 B-2 81743YAF4 SUB 3.61671% 5,771,000.00 17,393.37 0.00 B-3 81743YAG2 SUB 3.61671% 3,463,000.00 10,437.23 0.00 B-4 SMT0207B4 SUB 3.61671% 1,442,000.00 4,346.08 0.00 B-5 SMT0207B5 SUB 3.61671% 1,154,000.00 3,478.07 0.00 B-6 SMT0207B6 SUB 3.61671% 2,600,498.71 7,837.71 0.00 X-1 81743YAC1 SEN 1.10460% 0.00 87,356.45 0.00 X-2 81743YAD9 SEN 1.49784% 0.00 575,888.49 0.00 - ---------------------------------------------------------------------------------------------- Totals 570,705,675.91 1,720,064.64 5,876,975.34 - ----------------------------------------------------------------------------------------------
CERTIFICATEHOLDER DISTRIBUTION SUMMARY - ----------------------------------------------------------- Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Loss - ----------------------------------------------------------- A 0.00 542,318,201.86 6,872,863.35 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 8.080,000.00 17,439.33 0.00 B-2 0.00 5,771,000.00 17,393.37 0.00 B-3 0.00 3,463,000.00 10,437.23 0.00 B-4 0.00 1,442,000.00 4,346.08 0.00 B-5 0.00 1,154,000.00 3,478.07 0.00 B-6 0.00 2,600,498.71 7,837.71 0.00 X-1 0.00 0.00 87,356.45 0.00 X-2 0.00 0.00 575,888.49 0.00 - ----------------------------------------------------------- Totals 0.00 564,828,700.57 7,597,039.98 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 Certificate Principal Principal Realized Class Face Amount Balance Distribution Distribution Accretion Loss(1) - ----------------------------------------------------------------------------------------- A 554,686,000.00 548,195,177.20 1,520.71 5,875,454.63 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 8,080,000.00 0.00 0.00 0.00 0.00 B-2 5,771,000.00 5,771,000.00 0.00 0.00 0.00 0.00 B-3 3,463,000.00 3,463,000.00 0.00 0.00 0.00 0.00 B-4 1,442,000.00 1,442,000.00 0.00 0.00 0.00 0.00 B-5 1,154,000.00 1,154,000.00 0.00 0.00 0.00 0.00 B-6 2,600,498.71 2,600,498.71 0.00 0.00 0.00 0.00 X-1 50.00 0.00 0.00 0.00 0.00 0.00 X-2 50.00 0.00 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------- Totals 577,196,698.71 570,705,675..91 1,520.71 5,875,454.63 0.00 0.00 - -----------------------------------------------------------------------------------------
PRINCIPAL DISTRIBUTION STATEMENT - --------------------------------------------------------------------- - --------------------------------------------------------------------- Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - --------------------------------------------------------------------- A 5,876,975.34 542,318,201.86 0.97770306 5,876,975.34 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 8,080,000.00 1.00000000 0.00 B-2 0.00 5,771,000.00 1.00000000 0.00 B-3 0.00 3,463,000.00 1.00000000 0.00 B-4 0.00 1,442,000.00 1.00000000 0.00 B-5 0.00 1,154,000.00 1.00000000 0.00 B-6 0.00 2,600,498.71 1.00000000 0.00 X-1 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 - --------------------------------------------------------------------- Totals 5,876,975.34 564,828,700.57 0.97857230 5,876,975.34 - ---------------------------------------------------------------------
(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 Certificate Principal Principal Realized Class Face Amount Balance Distribution Distribution Accretion Loss(3) - --------------------------------------------------------------------------------------------- A 554,686,000.00 988.29820331 0.00274157 10.59239755 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ---------------------------------------------------------------------------------------------
PRINCIPAL DISTRIBUTION FACTORS STATEMENT - --------------------------------------------------------------------- Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - --------------------------------------------------------------------- A 10.59513912 977.70306418 0.97770306 10.59513912 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 0.00000000 0.00000000 B-2 0.00000000 1000.00000000 0.00000000 0.00000000 B-3 0.00000000 1000.00000000 0.00000000 0.00000000 B-4 0.00000000 1000.00000000 0.00000000 0.00000000 B-5 0.00000000 1000.00000000 0.00000000 0.00000000 B-6 0.00000000 1000.00000000 0.00000000 0.00000000 X-1 0.00000000 0.00000000 0.00000000 0.00000000 X-2 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 Current Certificate/ Current of Unpaid Current Original Certificate Notional Accrued Interest Interest Class Face Amount Rate Balance Interest Shortfall Shortfall - -------------------------------------------------------------------------------------------- A 554,686,000.00 2.18000% 548,195,177.20 995,887.91 0.00 0.00 A-R 100.00 3.61671% 0.00 0.00 0.00 0.00 B-1 8,080,000.00 2.59000% 8,080,000.00 17,439.33 0.00 0.00 B-2 5,771,000.00 3.61671% 5,771,000.00 17,393.37 0.00 0.00 B-3 3,463,000.00 3.61671% 3,463,000.00 10,437.23 0.00 0.00 B-4 1,442,000.00 3.61671% 1,442,000.00 4,346.08 0.00 0.00 B-5 1,154,000.00 3.61671% 1,154,000.00 3,478.07 0.00 0.00 B-6 2,600,498.71 3.61671% 2,600,498.71 7,837.71 0.00 0.00 X-1 50.00 1.10460% 94,900,800.14 87,356.45 0.00 0.00 X-2 50.00 1.49784% 461,374,377.06 575,888.49 0.00 0.00 - -------------------------------------------------------------------------------------------- Totals 577,196,698.71 1,720,064.64 0.00 0.00 - --------------------------------------------------------------------------------------------
INTEREST DISTRIBUTION STATEMENT - ----------------------------------------------------------------- Remaining Ending Total Unpaid Certificate/ Realized Interest Interest Notational Class Loss(4) Distribution Shortfall Balance - ----------------------------------------------------------------- A 0.00 995,887.91 0.00 542,318,201.86 A-R 0.00 0.00 0.00 0.00 B-1 0.00 17,439.33 0.00 8,080,000.00 B-2 0.00 17,393.37 0.00 5,771,000.00 B-3 0.00 10,437.23 0.00 3,463,000.00 B-4 0.00 4,346.08 0.00 1,442,000.00 B-5 0.00 3,478.07 0.00 1,154,000.00 B-6 0.00 7,837.71 0.00 2,600,498.71 X-1 0.00 87,356.45 0.00 94,201,461.99 X-2 0.00 575,888.49 0.00 456,196,739.87 - ----------------------------------------------------------------- Totals 0.00 1,720,064.64 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 - ------------------------------------------------------------------------------------------- Beginning Payment Current Certificate/ Current of Unpaid Current Class Original Certificate Notional Accrued Interest Interest (5) Face Amount Rate Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------- A 554,686,000.00 2.18000% 988.29820331 1.79540841 0.00000000 0.00000000 A-R 100.00 3.61671% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 2.59000% 1000.00000000 2.15833292 0.00000000 0.00000000 B-2 5,771,000.00 3.61671% 1000.00000000 3.01392653 0.00000000 0.00000000 B-3 3,463,000.00 3.61671% 1000.00000000 3.01392723 0.00000000 0.00000000 B-4 1,442,000.00 3.61671% 1000.00000000 3.01392510 0.00000000 0.00000000 B-5 1,154,000.00 3.61671% 1000.00000000 3.01392548 0.00000000 0.00000000 B-6 2,600,498.71 3.61671% 1000.00000000 3.01392574 0.00000000 0.00000000 X-1 50.00 1.10460% 8016002.80000000 47129.00000000 0.00000000 0.00000000 X-2 50.00 1.49784% 7487541.20000080 17769.80000000 0.00000000 0.00000000 - -------------------------------------------------------------------------------------------
INTEREST DISTRIBUTION FACTORS STATEMENT - ---------------------------------------------------------------------- Non- Remaining Ending Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notational Shortfall Loss(6) Distribution Shortfall Balance - ---------------------------------------------------------------------- 0.00000000 0.00000000 1.79540841 0.00000000 977.70306418 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2.15833292 0.00000000 1000.00000000 0.00000000 0.00000000 3.01392653 0.00000000 1000.00000000 0.00000000 0.00000000 3.01392723 0.00000000 1000.00000000 0.00000000 0.00000000 3.01392510 0.00000000 1000.00000000 0.00000000 0.00000000 3.01392548 0.00000000 1000.00000000 0.00000000 0.00000000 3.01392574 0.00000000 1000.00000000 0.00000000 0.00000000 47129.00000000 0.00000000 84029239.80000000 0.00000000 0.00000000 17769.80000000 0.00000000 23934797.39999960 - ----------------------------------------------------------------------
(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 7,780,346.55 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 7,780,346.55 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 183,306.57 Payment of Interest and Principal 7,597,039.98 ------------ Total Withdrawals (Pool Distribution Amount) 7,780,346.55 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 178,550.71 Master Servicing Fee 4,755.86 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 183,306.57 ============ - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------- Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------- Basis Risk Reserve Fund -- X-1 1,509.72 0.00 0.00 1,509.72 Basis Risk Reserve Fund -- X-2 8,490.28 0.00 0.00 8,490.28 - -------------------------------------------------------------------------------------
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% - ----------------------------------------------------------------------------------------------------- Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT - ------------------------------------------------------------------ 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% - ------------------------------------------------------------------ 0.00 Periodic Advance 0.00
- -------------------------------------------------------------------------------- Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.01775069% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.06569071% Special Hazard 5,771,967.00 1.00000000% 5,771,967.00 1.02189690% 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% - ----------------------------------------------------------------------------------------------------
DELINQUENCY STATUS BY GROUP 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 4.002143% Weighted Average Net Coupon 3.626711% Weighted Average Pass-Through Rate 3.616711% Weighted Average Maturity (Stepdown Calculation) 357 Beginning Scheduled Collateral Loan Count 1,552 Number of Loans Paid in Full 9 Ending Scheduled Collateral Loan Count 1,543 Beginning Scheduled Collateral Balance 570,705,675.91 Ending Scheduled Collateral Balance 564,828,700.57 Ending Actual Collateral Balance at 31-July-2002 564,829,184.42 Monthly P&I Constant 1,904,891.93 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,520.71 Unscheduled Principal 5,875,454.63 - --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.055673% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Basis Risk Reserve Fund Income X-1 $1.69 Basis Risk Reserve Fund Income X-2 $9.50 - --------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------- GROUP ONE MONTH LIBOR SIX MONTH LIBOR TOTAL ----- --------------- --------------- ----- Collateral Description Monthly 6 Month Arm Mixed Fixed & Arm Weighted Average Coupon Rate 3.675559 4.069318 4.002143 Weighted Average Net Rate 3.300559 3.693798 3.626711 Pass-Through Rate 3.290559 3.693798 3.616711 Weighted Average Maturity 317 318 357 Record Date 07/31/2002 07/31/2002 07/31/2002 Principal and Interest Constant 298,218.55 1,606,673.38 1,904,891.93 Beginning Loan Count 242 1,310 1,552 Loans Paid in Full 1 8 9 Ending Loan Count 241 1,302 1,543 Beginning Scheduled Balance 97,362,649.83 473,343,026.08 570,705,675.91 Ending Scheduled Balance 96,671,263.07 468,157,437.50 564,828,700.57 Scheduled Principal 0.11 1,520.60 1,520.71 Unscheduled Principal 691,386.65 5,184,067.98 5,875,454.63 Scheduled Interest 298,218.44 1,605,152.78 1,903,371.22 Servicing Fee 30,425.83 148,124.88 178,550.71 Master Servicing Fee 811.35 3,944.51 4,755.86 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 266,981.26 1,453,083.39 1,720,064.65 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 - ----------------------------------------------------------------------------------