Wells Fargo Bank Minnesota, N.A. SMT Series 2002-7 Certificateholder Distribution Statement (August 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 details the principal and interest payments made to certificateholders as of the July 31, 2003 record date and August 20, 2003 distribution date. The statement lists the classes of certificates, their balances, interest rates, and distributions, as well as any realized losses. All calculations are made in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 3 f93088bexv10w1.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, 2003 DISTRIBUTION DATE: AUGUST 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ---------------------------------------------------------------------------------------------------- A 81743YAA5 SEN 1.44000% 475,100,276.56 570,120.33 A-R SMT0207AR SEN 3.51358% 0.00 0.00 B-1 81743YAE7 SUB 1.85000% 8,080,000.00 12,456.67 B-2 81743YAF4 SUB 2.78507% 5,771,000.00 13,393.86 B-3 81743YAG2 SUB 2.78507% 3,463,000.00 8,037.24 B-4 SMT0207B4 SUB 2.78507% 1,442,000.00 3,346.72 B-5 SMT0207B5 SUB 2.78507% 1,154,000.00 2,678.31 B-6 SMT0207B6 SUB 2.78507% 2,600,498.71 6,035.47 X-1 81743YAC1 SEN 1.26527% 0.00 88,606.97 X-2 81743YAD9 SEN 1.35357% 0.00 450,224.25 - ---------------------------------------------------------------------------------------------------- Totals 497,610,775.27 1,154,899.82 - ---------------------------------------------------------------------------------------------------- Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------------------------------------------------------------------------------------------------------- A 11,610,359.40 0.00 463,489,917.16 12,180,479.73 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 8,080,000.00 12,456.67 0.00 B-2 0.00 0.00 5,771,000.00 13,393.86 0.00 B-3 0.00 0.00 3,463,000.00 8,037.24 0.00 B-4 0.00 0.00 1,442,000.00 3,346.72 0.00 B-5 0.00 0.00 1,154,000.00 2,678.31 0.00 B-6 0.00 0.00 2,600,498.71 6,035.47 0.00 X-1 0.00 0.00 0.00 88,606.97 0.00 X-2 0.00 0.00 0.00 450,224.25 0.00 - -------------------------------------------------------------------------------------------------- Totals 11,610,359.40 0.00 486,000,415.87 12,765,259.22 0.00 - --------------------------------------------------------------------------------------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) - ----------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 475,100,276.56 153.10 11,610,206.30 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 577,196,698.71 497,610,775.27 153.10 11,610,206.30 0.00 0.00 - -------------------------------------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------------------- A 11,610,359.40 463,489,917.16 0.83558972 11,610,359.40 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 11,610,359.40 486,000,415.87 0.84200138 11,610,359.40 - --------------------------------------------------------------------------------------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - --------------------------------------------------------------------------------------------------------------- A 554,686,000.00 856.52112467 0.00027601 20.93113275 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 - --------------------------------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------------ A 20.93140876 835.58971591 0.83558972 20.93140876 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 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 of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall - -------------------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 1.44000% 475,100,276.56 570,120.33 0.00 0.00 0.00 A-R 100.00 3.51358% 0.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 1.85000% 8,080,000.00 12,456.67 0.00 0.00 0.00 B-2 5,771,000.00 2.78507% 5,771,000.00 13,393.86 0.00 0.00 0.00 B-3 3,463,000.00 2.78507% 3,463,000.00 8,037.24 0.00 0.00 0.00 B-4 1,442,000.00 2.78507% 1,442,000.00 3,346.72 0.00 0.00 0.00 B-5 1,154,000.00 2.78507% 1,154,000.00 2,678.31 0.00 0.00 0.00 B-6 2,600,498.71 2.78507% 2,600,498.71 6,035.47 0.00 0.00 0.00 X-1 50.00 1.26527% 84,036,413.86 88,606.97 0.00 0.00 0.00 X-2 50.00 1.35357% 399,143,862.70 450,224.25 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------- Totals 577,196,698.71 1,154,899.82 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - --------------------------------------------------------------------------- A 0.00 570,120.33 0.00 463,489,917.16 A-R 0.00 0.00 0.00 0.00 B-1 0.00 12,456.67 0.00 8,080,000.00 B-2 0.00 13,393.86 0.00 5,771,000.00 B-3 0.00 8,037.24 0.00 3,463,000.00 B-4 0.00 3,346.72 0.00 1,442,000.00 B-5 0.00 2,678.31 0.00 1,154,000.00 B-6 0.00 6,035.47 0.00 2,600,498.71 X-1 0.00 88,606.97 0.00 82,846,135.50 X-2 0.00 450,224.25 0.00 388,723,781.66 - --------------------------------------------------------------------------- Totals 0.00 1,154,899.82 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 Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - ------------------------------------------------------------------------------------------------------------------------------------ A 554,686,000.00 1.44000% 856.52112467 1.02782535 0.00000000 0.00000000 0.00000000 A-R 100.00 3.51358% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1.85000% 1000.00000000 1.54166708 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 2.78507% 1000.00000000 2.32089066 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 2.78507% 1000.00000000 2.32088940 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 2.78507% 1000.00000000 2.32088766 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 2.78507% 1000.00000000 2.32089255 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 2.78507% 1000.00000000 2.32088944 0.00000000 0.00000000 0.00000000 X-1 50.00 1.26527% 1680728.27720000 1772.13940000 0.00000000 0.00000000 0.00000000 X-2 50.00 1.35357% 7982877.25400000 9004.48500000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------------------------------ Remaining Unpaid Class Realized Total Interest Interest Ending Certificate/ (5) Loss (6) Distribution Shortfall Notational Balance - --------------------------------------------------------------------------------- A 0.00000000 1.02782535 0.00000000 835.58971591 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.54166708 0.00000000 1000.00000000 B-2 0.00000000 2.32089066 0.00000000 1000.00000000 B-3 0.00000000 2.32088940 0.00000000 1000.00000000 B-4 0.00000000 2.32088766 0.00000000 1000.00000000 B-5 0.00000000 2.32089255 0.00000000 1000.00000000 B-6 0.00000000 2.32088944 0.00000000 1000.00000000 X-1 0.00000000 1772.13940000 0.00000000 1656922.71000000 X-2 0.00000000 9004.48500000 0.00000000 ###-###-####.63320000 - -------------------------------------------------------------------------------
(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 12,910,490.93 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 15,423.60 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 12,925,914.53 Withdrawals Reimbursement for Servicer Advances 800.15 Payment of Service Fee 159,855.16 Payment of Interest and Principal 12,765,259.22 ------------- Total Withdrawals (Pool Distribution Amount) 12,925,914.53 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 155,708.39 Master Servicing Fee 4,146.77 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 159,855.16 ==========
- ---------------------------------------------------------------------------- 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 FORECLOSURE - ------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 11 6,017,392.46 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 182,968.22 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 --------------------- ------------------- ------------------ 12 6,200,360.68 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.815419% 1.238152% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.074129% 0.037648% 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% --------------------- ------------------- ------------------- 0.889548% 1.275799% 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 11 6,017,392.46 60 Days 0 0.00 60 Days 1 182,968.22 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 12 6,200,360.68 No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.815419% 1.238152% 60 Days 0.000000% 0.000000% 60 Days 0.074129% 0.037648% 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% 0.889548% 1.275799%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 15,423.60
Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.02062982% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.56293954% Special Hazard 5,771,967.00 1.00000000% 4,860,004.16 1.00000000%
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 2 1,860,753.71 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 ----------------------- ------------------ ----------------- 2 1,860,753.71 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.925926% 2.179348% 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% --------------------- -------------------- ------------------- 0.925926% 2.179348% 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 2 1,860,753.71 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 2 1,860,753.71 No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.925926% 2.179348% 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% 0.925926% 2.179348%
SIX-MONTH LIBOR
- -------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 9 4,156,638.75 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 182,968.22 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 ----------------------- ------------------- ----------- ------ 10 4,339,606.97 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.794351% 1.037560% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.088261% 0.045672% 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% --------------------- -------------------- ------------------- 0.882613% 1.083231% 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 9 4,156,638.75 60 Days 0 0.00 60 Days 1 182,968.22 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 10 4,339,606.97 No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.794351% 1.037560% 60 Days 0.000000% 0.000000% 60 Days 0.088261% 0.045672% 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% 0.882613% 1.083231%
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 3.170562% Weighted Average Net Coupon 2.795068% Weighted Average Pass-Through Rate 2.785068% Weighted Average Maturity (Stepdown Calculation) 345 Beginning Scheduled Collateral Loan Count 1,374 Number of Loans Paid in Full 25 Ending Scheduled Collateral Loan Count 1,349 Beginning Scheduled Collateral Balance 497,610,775.27 Ending Scheduled Collateral Balance 486,000,415.87 Ending Actual Collateral Balance at 31-July-2003 485,998,056.92 Monthly P&I Constant 1,314,908.07 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 153.10 Unscheduled Principal 11,610,206.30
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.476284% 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 3.097122 3.186025 3.170562 Weighted Average Net Rate 2.722121 2.810426 2.795068 Pass-Through Rate 2.712122 2.800426 2.785068 Weighted Average Maturity 305 306 345 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal and Interest Constant 223,523.05 1,091,385.02 1,314,908.07 Beginning Loan Count 218 1,156 1,374 Loans Paid in Full 2 23 25 Ending Loan Count 216 1,133 1,349 Beginning Scheduled Balance 86,546,216.97 411,064,558.30 497,610,775.27 Ending Scheduled Balance 85,381,307.93 400,619,107.94 486,000,415.87 Scheduled Principal 152.92 0.18 153.10 Unscheduled Principal 1,164,756.12 10,445,450.18 11,610,206.30 Scheduled Interest 223,370.13 1,091,384.84 1,314,754.97 Servicing Fee 27,045.70 128,662.69 155,708.39 Master Servicing Fee 721.23 3,425.54 4,146.77 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 195,603.20 959,296.61 1,154,899.81 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