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

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2002-7, administered by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of August 29, 2003, with distributions occurring on September 22, 2003. The summary includes beginning and ending balances, interest rates, and realized losses for each class. All calculations are performed in accordance with the Pooling and Servicing Agreement, and no realized losses are reported for this period.

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EX-10.1 3 f93524bexv10w1.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 29, 2003 DISTRIBUTION DATE: SEPTEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY - --------------------------------------------------------------------------------------------------------------------------------- Certificate Certificate Beginning Current Ending Class Pass-Through Certificate Interest Principal Realized Certificate Class CUSIP Description Rate Balance Distribution Distribution Loss Balance - --------------------------------------------------------------------------------------------------------------------------------- A 81743YAA5 SEN 1.45000% 463,489,917.16 560,050.32 9,548,399.34 0.00 453,941,517.82 A-R SMT0207AR SEN 3.51100% 0.00 0.00 0.00 0.00 0.00 B-1 81743YAE7 SUB 1.86000% 8,080,000.00 12,524.00 0.00 0.00 8,080,000.00 B-2 81743YAF4 SUB 2.73691% 5,771,000.00 13,162.26 0.00 0.00 5,771,000.00 B-3 81743YAG2 SUB 2.73691% 3,463,000.00 7,898.27 0.00 0.00 3,463,000.00 B-4 SMT0207B4 SUB 2.73691% 1,442,000.00 3,288.86 0.00 0.00 1,442,000.00 B-5 SMT0207B5 SUB 2.73691% 1,154,000.00 2,632.00 0.00 0.00 1,154,000.00 B-6 SMT0207B6 SUB 2.73691% 2,600,498.71 5,931.11 0.00 0.00 2,600,498.71 X-1 81743YAC1 SEN 1.00777% 0.00 69,574.51 0.00 0.00 0.00 X-2 81743YAD9 SEN 1.33788% 0.00 433,388.82 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- Totals 486,000,415.87 1,108,450.15 9,548,399.34 0.00 476,452,016.53 - ---------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------ Cumulative Total Realized Class Distribution Loss - ------------------------------------------ A 10,108,449.66 0.00 A-R 0.00 0.00 B-1 12,524.00 0.00 B-2 13,162.26 0.00 B-3 7,898.27 0.00 B-4 3,288.86 0.00 B-5 2,632.00 0.00 B-6 5,931.11 0.00 X-1 69,574.51 0.00 X-2 433,388.82 0.00 - ------------------------------------------ Totals 10,656,849.49 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
- --------------------------------------------------------------------------------------------------------------------- Original Beginning Scheduled Unscheduled Total Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - --------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 463,489,917.16 6.45 9,548,392.89 0.00 0.00 9,548,399.34 A-R 100.00 0.00 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 0.00 B-2 5,771,000.00 5,771,000.00 0.00 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 0.00 B-4 1,442,000.00 1,442,000.00 0.00 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 0.00 B-6 2,600,498.71 2,600,498.71 0.00 0.00 0.00 0.00 0.00 X-1 50.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2 50.00 0.00 0.00 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------- Totals 577,196,698.71 486,000,415.87 6.45 9,548,392.89 0.00 0.00 9,548,399.34 - ---------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------- Ending Ending Total Certificate Certificate Principal Class Balance Percentage Distribution - ------------------------------------------------------- A 453,941,517.82 0.81837565 9,548,399.34 A-R 0.00 0.00000000 0.00 B-1 8,080,000.00 1.00000000 0.00 B-2 5,771,000.00 1.00000000 0.00 B-3 3,463,000.00 1.00000000 0.00 B-4 1,442,000.00 1.00000000 0.00 B-5 1,154,000.00 1.00000000 0.00 B-6 2,600,498.71 1.00000000 0.00 X-1 0.00 0.00000000 0.00 X-2 0.00 0.00000000 0.00 - ------------------------------------------------------- Totals 476,452,016.53 0.82545867 9,548,399.34 - -------------------------------------------------------
(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
- --------------------------------------------------------------------------------------------------------------------- Original Beginning Scheduled Unscheduled Total Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - --------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 835.58971591 0.00001163 17.21405063 0.00000000 0.00000000 17.21406226 A-R 100.00 0.00000000 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 0.00000000 B-2 5,771,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ---------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------- Ending Ending Total Certificate Certificate Principal Class Balance Percentage Distribution - ------------------------------------------------------- A 818.37565365 0.81837565 17.21406226 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 X-1 0.00000000 0.00000000 0.00000000 X-2 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 Non- Original Current Certificate/ Current Unpaid Current Supported Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ----------------------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 1.45000% 463,489,917.16 560,050.32 0.00 0.00 0.00 0.00 A-R 100.00 3.51100% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 1.86000% 8,080,000.00 12,524.00 0.00 0.00 0.00 0.00 B-2 5,771,000.00 2.73691% 5,771,000.00 13,162.26 0.00 0.00 0.00 0.00 B-3 3,463,000.00 2.73691% 3,463,000.00 7,898.27 0.00 0.00 0.00 0.00 B-4 1,442,000.00 2.73691% 1,442,000.00 3,288.86 0.00 0.00 0.00 0.00 B-5 1,154,000.00 2.73691% 1,154,000.00 2,632.00 0.00 0.00 0.00 0.00 B-6 2,600,498.71 2.73691% 2,600,498.71 5,931.11 0.00 0.00 0.00 0.00 X-1 50.00 1.00777% 82,846,135.50 69,574.51 0.00 0.00 0.00 0.00 X-2 50.00 1.33788% 388,723,781.66 433,388.82 0.00 0.00 0.00 0.00 ----------------------------------------------------------------------------------------------------------------------------------- Totals 577,196,698.71 1,108,450.15 0.00 0.00 0.00 0.00 -----------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------- Remaining Ending Total Unpaid Certificate/ Interest Interest Notational Class Distribution Shortfall Balance ---------------------------------------------------------- A 560,050.32 0.00 453,941,517.82 A-R 0.00 0.00 0.00 B-1 12,524.00 0.00 8,080,000.00 B-2 13,162.26 0.00 5,771,000.00 B-3 7,898.27 0.00 3,463,000.00 B-4 3,288.86 0.00 1,442,000.00 B-5 2,632.00 0.00 1,154,000.00 B-6 5,931.11 0.00 2,600,498.71 X-1 69,574.51 0.00 82,022,920.74 X-2 433,388.82 0.00 379,998,597.08 ---------------------------------------------------------- Totals 1,108,450.15 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 of Non- Original Current Certificate/ Current Unpaid Current Supported Class Face Certificate Notional Accrued Interest Interest Interest Realized (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) - ---------------------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 1.45000% 835.58971591 1.00967091 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.51100% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1.86000% 1000.00000000 1.55000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 2.73691% 1000.00000000 2.28075897 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 2.73691% 1000.00000000 2.28075946 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 2.73691% 1000.00000000 2.28076283 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 2.73691% 1000.00000000 2.28076256 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 2.73691% 1000.00000000 2.28075868 0.00000000 0.00000000 0.00000000 0.00000000 X-1 50.00 1.00777% 1656922.71000000 1391.49020000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 50.00 1.33788% 7774475.63320000 8667.77640000 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------ Remaining Ending Total Unpaid Certificate/ Class Interest Interest Notational (5) Distribution Shortfall Balance - ------------------------------------------------------------ A 1.00967091 0.00000000 818.37565365 A-R 0.00000000 0.00000000 0.00000000 B-1 1.55000000 0.00000000 1000.00000000 B-2 2.28075897 0.00000000 1000.00000000 B-3 2.28075946 0.00000000 1000.00000000 B-4 2.28076283 0.00000000 1000.00000000 B-5 2.28076256 0.00000000 1000.00000000 B-6 2.28075868 0.00000000 1000.00000000 X-1 1391.49020000 0.00000000 1640458.41480000 X-2 8667.77640000 0.00000000 ###-###-####.94160000 - ------------------------------------------------------------
(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 10,828,107.23 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 -------------------- Total Deposits 10,828,403.22 Withdrawals Reimbursement for Servicer Advances 15,423.60 Payment of Service Fee 156,130.13 Payment of Interest and Principal 10,656,849.49 -------------------- Total Withdrawals (Pool Distribution Amount) 10,828,403.22 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 152,080.13 Master Servicing Fee 4,050.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------------------- Net Servicing Fee 156,130.13 ====================== --------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------ Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------------------ Basis Risk Reserve Fund - X-1 1,512.84 0.00 0.00 1,512.56 Basis Risk Reserve Fund - X-2 8,487.16 0.00 0.00 8,487.44 - ------------------------------------------------------------------------------------------------
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
- ----------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY - ----------------------------------------------------------------------------------------------------- No. of Principal Balance No. of Principal Balance Loans Loans 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 Balance No. of Principal Balance Loans Loans 30 Days 0.075700% 0.031389% 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% --------------------------------------- ------------------------------------- 0.075700% 0.031389% 0.000000% 0.000000% - -----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------- FORECLOSURE REO - ----------------------------------------------------------------------------------------------------- No. of Principal Balance No. of Principal Balance Loans Loans 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 Balance No. of Principal Balance Loans Loans 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% - -----------------------------------------------------------------------------------------------------
- ------------------------------------------------- TOTAL - ------------------------------------------------- No. of Principal Balance Loans 30 Days 1 149,550.97 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------------------------- 1 149,550.97 No. of Principal Balance Loans 30 Days 0.075700% 0.031389% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------------------------- 0.075700% 0.031389% - -------------------------------------------------
Current Period Principal Balance of Class A Insufficient Funds: 0.00 Contaminated Properties 0.00 Periodic Advance 295.99
- --------------------------------------------------------------------------------------------------------- Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.02104325% Fraud 17,315,901.00 3.00000001% 10,161,109.97 2.13266176% Special Hazard 5,771,967.00 1.00000000% 4,764,520.17 1.00000000% Limit of subordinate's exposure to certain types of losses - ---------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS BY GROUP ONE-MONTH LIBOR
- ----------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY - ----------------------------------------------------------------------------------------------------- No. of Principal Balance No. of Principal Balance Loans Loans 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 Balance No. of Principal Balance Loans Loans 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% - -----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------- FORECLOSURE REO - ----------------------------------------------------------------------------------------------------- No. of Principal Balance No. of Principal Balance Loans Loans 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 Balance No. of Principal Balance Loans Loans 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% - -----------------------------------------------------------------------------------------------------
- ------------------------------------------------- TOTAL - ------------------------------------------------- No. of Principal Balance Loans 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------------------------- 0 0.00 - ------------------------------------------------- No. of Principal Balance Loans 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------------------------- 0.000000% 0.000000% - -------------------------------------------------
SIX-MONTH LIBOR
- ----------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY - ----------------------------------------------------------------------------------------------------- No. of Principal Balance No. of Principal Balance Loans Loans 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 Balance No. of Principal Balance Loans Loans 30 Days 0.090253% 0.038164% 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% --------------------------------------- ------------------------------------- 0.090253% 0.038164% 0.000000% 0.000000% - -----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------- FORECLOSURE REO - ----------------------------------------------------------------------------------------------------- No. of Principal Balance No. of Principal Balance Loans Loans 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 Balance No. of Principal Balance Loans Loans 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% - -----------------------------------------------------------------------------------------------------
- ------------------------------------------------- TOTAL - ------------------------------------------------- No. of Principal Balance Loans 30 Days 1 149,550.97 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------------------------- 1 149,550.97 No. of Principal Balance Loans 30 Days 0.090253% 0.038164% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------------------------- 0.090253% 0.038164% - -------------------------------------------------
- -------------------------------------------------------------------------------------- COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 3.122418% Weighted Average Net Coupon 2.746912% Weighted Average Pass-Through Rate 2.736912% Weighted Average Maturity (Stepdown Calculation) 344 Beginning Scheduled Collateral Loan Count 1,349 Number of Loans Paid in Full 28 Ending Scheduled Collateral Loan Count 1,321 Beginning Scheduled Collateral Balance 486,000,415.87 Ending Scheduled Collateral Balance 476,452,016.53 Ending Actual Collateral Balance at 29-Aug-2003 476,448,205.99 Monthly P&I Constant 1,266,152.48 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 6.45 Unscheduled Principal 9,548,392.89 - --------------------------------------------------------------------------------------
- ------------------------------------------------------------------ MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.368214% 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 2.849790 3.180521 3.122418 Weighted Average Net Rate 2.474790 2.804907 2.746912 Pass-Through Rate 2.464790 2.794907 2.736912 Weighted Average Maturity 304 305 344 Record Date 08/29/2003 08/29/2003 08/29/2003 Principal and Interest Constant 204,331.40 1,061,821.08 1,266,152.48 Beginning Loan Count 216 1,133 1,349 Loans Paid in Full 3 25 28 Ending Loan Count 213 1,108 1,321 Beginning Scheduled Balance 85,381,307.93 400,619,107.94 486,000,415.87 Ending Scheduled Balance 84,584,774.69 391,867,241.84 476,452,016.53 Scheduled Principal 0.00 6.45 6.45 Unscheduled Principal 796,533.24 8,751,859.65 9,548,392.89 Scheduled Interest 202,765.65 1,061,814.63 1,264,580.28 Servicing Fee 26,681.66 125,398.47 152,080.13 Master Servicing Fee 711.52 3,338.48 4,050.00 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 175,372.47 933,077.68 1,108,450.15 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 - --------------------------------------------------------------------------------------------------------------------