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EX-10.1 3 f92526bexv10w1.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: JUNE 30, 2003 DISTRIBUTION DATE: JULY 21, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ A 81743YAA5 SEN 1.44375% 485,544,999.79 584,171.33 A-R SMT0207AR SEN 3.51558% 0.00 0.00 B-1 81743YAE7 SUB 1.85375% 8,080,000.00 12,481.92 B-2 81743YAF4 SUB 2.78296% 5,771,000.00 13,383.73 B-3 81743YAG2 SUB 2.78296% 3,463,000.00 8,031.17 B-4 SMT0207B4 SUB 2.78296% 1,442,000.00 3,344.19 B-5 SMT0207B5 SUB 2.78296% 1,154,000.00 2,676.28 B-6 SMT0207B6 SUB 2.78296% 2,600,498.71 6,030.91 X-1 81743YAC1 SEN 1.22961% 0.00 87,060.60 X-2 81743YAD9 SEN 1.35389% 0.00 461,108.08 - ------ --------- ----------- ------------ -------------- ------------ Totals 508,055,498.50 1,178,288.21 - ------ --------- ----------- ------------ -------------- ------------
Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------- ------------- -------------- ------------- ------------- A 10,444,723.23 0.00 475,100,276.56 11,028,894.56 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 8,080,000.00 12,481.92 0.00 B-2 0.00 0.00 5,771,000.00 13,383.73 0.00 B-3 0.00 0.00 3,463,000.00 8,031.17 0.00 B-4 0.00 0.00 1,442,000.00 3,344.19 0.00 B-5 0.00 0.00 1,154,000.00 2,676.28 0.00 B-6 0.00 0.00 2,600,498.71 6,030.91 0.00 X-1 0.00 0.00 0.00 87,060.60 0.00 X-2 0.00 0.00 0.00 461,108.08 0.00 - ------ ------------- ------------- -------------- ------------- ------------- Totals 10,444,723.23 0.00 497,610,775.27 11,623,011.44 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 554,686,000.00 485,544,999.79 202.41 10,444,520.82 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 577,196,698.71 508,055,498.50 202.41 10,444,520.82 0.00 - ------ -------------- -------------- ------------ ------------- ---------
Ending Ending Realized Total Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- --------------- -------------- ----------- --------------- A 0.00 10,444,723.23 475,100,276.56 0.85652112 10,444,723.23 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 10,444,723.23 497,610,775.27 0.86211646 10,444,723.23 - ------ -------- --------------- -------------- ----------- ---------------
(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 554,686,000.00 875.35109916 0.00036491 18.82960958 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 1000.00000000 0.00000000 0.00000000 0.00000000 X-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 - ------ -------------- ------------- ------------ ------------ ----------
Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ------ ---------- ----------- ------------- ----------- --------------- A 0.00000000 18.82997499 856.52112467 0.85652112 18.82997449 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ------ ---------- ----------- ------------- ----------- ---------------
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment Current Certificate/ Current of Unpaid Original Face Certificate Notional Accrued Interest Class Amount Rate Balance Interest Shortfall - ------ -------------- ------------ -------------- ------------ --------- A 554,686,000.00 1.44375% 485,544,999.79 584,171.33 0.00 A-R 100.00 3.51558% 0.00 0.00 0.00 B-1 8,080,000.00 1.85375% 8,080,000.00 12,481.92 0.00 B-2 5,771,000.00 2.78296% 5,771,000.00 13,383.73 0.00 B-3 3,463,000.00 2.78296% 3,463,000.00 8,031.17 0.00 B-4 1,442,000.00 2.78296% 1,442,000.00 3,344.19 0.00 B-5 1,154,000.00 2.78296% 1,154,000.00 2,676.28 0.00 B-6 2,600,498.71 2.78296% 2,600,498.71 6,030.91 0.00 X-1 50.00 1.22961% 84,958,359.34 87,054.50 0.00 X-2 50.00 1.35389% 408,666,640.45 461,075.77 0.00 - ------ -------------- ------------ -------------- ------------ --------- Totals 577,196,698.71 1,178,249.80 0.00 - ------ -------------- ------------ -------------- ------------ ---------
Remaining Ending Current Non-Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - --------------- ------------- ----------- -------------- --------- -------------- A 0.00 0.00 0.00 584,171.33 0.00 475,100,276.56 A-R 0.00 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 0.00 12,481.92 0.00 8,080,000.00 B-2 0.00 0.00 0.00 13,383.73 0.00 5,771,000.00 B-3 0.00 0.00 0.00 8,031.17 0.00 3,463,000.00 B-4 0.00 0.00 0.00 3,344.19 0.00 1,442,000.00 B-5 0.00 0.00 0.00 2,676.28 0.00 1,154,000.00 B-6 0.00 0.00 0.00 6,030.91 0.00 2,600,498.71 X-1 0.00 0.00 0.00 87,060.60 0.00 84,036,413.86 X-2 0.00 0.00 0.00 461,108.08 0.00 399,143,862.70 - --------------- ------------- ----------- -------------- --------- -------------- Totals 0.00 0.00 0.00 1,178,288.21 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 Original Face Certificate Certificate/ Current Accrued Interest Class (5) Amount Rate Notional Balance Interest Shortfall - --------- -------------- ----------- ---------------- --------------- ---------- A 554,686,000.00 1.44375% 875.35109916 1.05315680 0.00000000 A-R 100.00 3.51558% 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1.85375% 1000.00000000 1.54479208 0.00000000 B-2 5,771,000.00 2.78296% 1000.00000000 2.31913533 0.00000000 B-3 3,463,000.00 2.78296% 1000.00000000 2.31913659 0.00000000 B-4 1,442,000.00 2.78296% 1000.00000000 2.31913315 0.00000000 B-5 1,154,000.00 2.78296% 1000.00000000 2.31913345 0.00000000 B-6 2,600,498.71 2.78296% 1000.00000000 2.31913593 0.00000000 X-1 50.00 1.22961% 1699167.18680000 1741.09000000 0.00000000 X-2 50.00 1.35389% 8173332.80900000 9221.51540000 0.00000000 - --------- -------------- ----------- ---------------- --------------- ----------
Remaining Current Non-Supported Unpaid Ending Interest Interest Realized Total Interest Interest Certificate/ Class (5) Shortfall Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- ---------- ------------- ---------- -------------- ---------- ------------------ A 0.00000000 0.00000000 0.00000000 1.05315680 0.00000000 856.52112467 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 0.00000000 1.54479208 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 0.00000000 2.31913533 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 0.00000000 2.31913659 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 0.00000000 2.31913315 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 0.00000000 2.31913345 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 0.00000000 2.31913593 0.00000000 1000.00000000 X-1 0.00000000 0.00000000 0.00000000 1741.21200000 0.00000000 1680728.27720000 X-2 0.00000000 0.00000000 0.00000000 9222.16160000 0.00000000 ###-###-####.25400000 - --------- ---------- ------------- ---------- -------------- ---------- ------------------
(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 11,786,346.65 Liquidations, Insurance Proceeds, Reserve Funds 38.41 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 800.15 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 11,787,185.21 Withdrawals Reimbursement for Servicer Advances 967.60 Payment of Service Fee 163,206.17 Payment of Interest and Principal 11,623,011.44 ------------- Total Withdrawals (Pool Distribution Amount) 11,787,185.21 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 0.01 ====
SERVICING FEES Gross Servicing Fee 158,972.39 Master Servicing Fee 4,233.78 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 163,206.17 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------- --------- ----------- -------- -------- Basis Risk Reserve Fund - X-1 1,512.84 6.10 5.82 1,512.56 Basis Risk Reserve Fund - X-2 8,487.16 32.31 32.59 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 2 332,519.19 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 2 332,519.19 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.145560% 0.066824% 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% 0.145560% 0.066824% 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 2 332,519.19 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 2 332,519.19 No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.145560% 0.066824% 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% 0.145560% 0.066824%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 800.15
Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.02014848% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.47980829% Special Hazard 5,771,967.00 1.00000000% 4,976,107.75 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 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------- --------- ------ --------- ------- --------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- --------- --------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - -------------------------------- ------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------- ---------- ------- --------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- 0.000000% 0.000000% 0.000000% 0.000000%
SIX-MONTH LIBOR
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- --------------------------------- --------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 2 332,519.19 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 ------- ---------- ------ --------- ------- ---------- 2 332,519.19 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.173010% 0.080893% 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% --------- --------- --------- --------- --------- --------- 0.173010% 0.080893% 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 2 332,519.19 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 2 332,519.19 No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.173010% 0.080893% 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% 0.173010% 0.080893%
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 3.168448% Weighted Average Net Coupon 2.792963% Weighted Average Pass-Through Rate 2.782963% Weighted Average Maturity (Stepdown Calculation) 346 Beginning Scheduled Collateral Loan Count 1,398 Number of Loans Paid in Full 24 Ending Scheduled Collateral Loan Count 1,374 Beginning Scheduled Collateral Balance 508,055,498.50 Ending Scheduled Collateral Balance 497,610,775.27 Ending Actual Collateral Balance at 30-June-2003 497,607,912.70 Monthly P&I Constant 1,341,658.42 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 202.41 Unscheduled Principal 10,444,520.82
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.569284% 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 3.065068 3.189939 3.168448 Weighted Average Net Rate 2.690068 2.814354 2.792963 Pass-Through Rate 2.680068 2.804354 2.782963 Weighted Average Maturity 306 307 346 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal and Interest Constant 223,572.12 1,118,086.30 1,341,658.42 Beginning Loan Count 220 1,178 1,398 Loans Paid in Full 2 22 24 Ending Loan Count 218 1,156 1,374 Beginning Scheduled Balance 87,442,008.86 420,613,489.64 508,055,498.50 Ending Scheduled Balance 86,546,216.97 411,064,558.30 497,610,775.27 Scheduled Principal 225.68 (23.27) 202.41 Unscheduled Principal 895,566.21 9,548,954.61 10,444,520.82 Scheduled Interest 223,346.44 1,118,109.57 1,341,456.01 Servicing Fee 27,325.62 131,646.77 158,972.39 Master Servicing Fee 728.68 3,505.10 4,233.78 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 195,292.14 982,957.70 1,178,249.84 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