Sequoia Mortgage Funding Corporation has previously registered the offer and sale of Collateralized Mortgage Bonds issued by Sequoia Mortgage Trust 7 (the Bonds)

Contract Categories: Real Estate - Mortgage Agreements
EX-10.1 3 f83249exv10w1.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: MAY 31, 2002 DISTRIBUTION DATE: JUNE 20, 2002 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss ----- ---------- ----------- ----------------- ---------------- --------------- ------------ ------------- A 81743YAA5 SEN 2.18000% 554,686,000.00 705,375.69 3,515,453.80 0.00 A-R SMT0207AR SEN 3.61785% 100.00 0.30 100.00 0.00 B-1 81743YAE7 SUB 2.59000% 8,080,000.00 12,207.53 0.00 0.00 B-2 81743YAF4 SUB 3.61785% 5,771,000.00 17,398.82 0.00 0.00 B-3 81743YAG2 SUB 3.61785% 3,463,000.00 10,440.50 0.00 0.00 B-4 SMT0207B4 SUB 3.61785% 1,442,000.00 4,347.44 0.00 0.00 B-5 SMT0207B5 SUB 3.61785% 1,154,000.00 3,479.16 0.00 0.00 B-6 SMT0207B6 SUB 3.61785% 2,600,498.71 7,840.17 0.00 0.00 X-1 81743YAC1 SEN 1.78878% 50.00 144,413.51 50.00 0.00 X-2 81743YAD9 SEN 2.08767% 50.00 834,668.81 50.00 0.00 ----- ---------- ----------- ----------------- ---------------- ------------- ------------- ----------- Totals 577,196,698.71 1,740,171.93 3,515,653.80 0.00 ---------- ----------- ----------------- ---------------- ------------- ------------- -----------
Ending Certificate Total Cumulative Class Balance Distribution Realized Loss ----- -------------- --------------- --------------- A 551,170,546.20 4,220,829.49 0.00 A-R 0.00 100.30 0.00 B-1 8,080,000.00 12,207.53 0.00 B-2 5,771,000.00 17,398.82 0.00 B-3 3,463,000.00 10,440.50 0.00 B-4 1,442,000.00 4,347.44 0.00 B-5 1,154,000.00 3,479.16 0.00 B-6 2,600,498.71 7,840.17 0.00 X-1 0.00 144,463.51 0.00 X-2 0.00 834,718.81 0.00 ----- -------------- --------------- -------------- Totals 573,681,044.91 5,255,825.73 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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss(1) Reduction ----- -------------- --------------- ------------- --------------- --------- --------- --------------- A 554,686,000.00 554,686,000.00 110.66 3,515,343.14 0.00 0.00 3,515,453.80 A-R 100.00 100.00 0.00 100.00 0.00 0.00 100.00 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 50.00 0.00 50.00 0.00 0.00 50.00 X-2 50.00 50.00 0.00 50.00 0.00 0.00 50.00 ----- -------------- --------------- ------------- --------------- --------- --------- --------------- Totals 577,196,698.71 577,196,698.71 110.66 3,515,543.14 0.00 0.00 3,515,653.80 -------------- --------------- ------------- --------------- --------- --------- ---------------
(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.
Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution ----- ------------------ ------------------ ---------------- A 551,170,546.20 0.99366226 3,515,453.80 A-R 0.00 0.00000000 100.00 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 50.00 X-2 0.00 0.00000000 50.00 ----- ------------------ ------------------ ---------------- Totals 573,681,044.91 0.99390909 3,515,653.80 ----------------- - ------------------ ----------------
PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Class Amount Balance Distribution Distribution Accretion Loss(3) Reduction ----- ---------------- ---------------- ------------ -------------- ---------- ----------- --------------- A 554,686,000.00 100.00000000 0.00019950 6.33753717 0.00000000 0.00000000 6.33773667 A-R 100.00 100.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 B-1 8,080,000.00 100.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 100.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 100.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 100.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 100.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 100.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1 50.00 100.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 X-2 50.00 100.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 ----- ---------------- ---------------- ------------ -------------- ---------- ----------- ---------------
Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution ----- ------------------ ------------------- ---------------- A 993.66226333 0.99366226 6 ###-###-#### A-R 0.00000000 0.00000000 1000.00000000 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 1000.00000000 X-2 0.00000000 0.00000000 1000.00000000 ----- ------------------ ------------------- ----------------
(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 Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss(4) ------ ---------------- ---------------- -------------- ----------- ----------- --------- --------- -------- A 554,686,000.00 2.18000% 554,686,000.00 705,375.70 0.00 0.00 0.00 0.00 A-R 100.00 3.61785% 100.00 0.30 0.00 0.00 0.00 0.00 B-1 8,080,000.00 2.59000% 8,080,000.00 12,207.53 0.00 0.00 0.00 0.00 B-2 5,771,000.00 3.61785% 5,771,000.00 17,398.82 0.00 0.00 0.00 0.00 B-3 3,463,000.00 3.61785% 3,463,000.00 10,440.50 0.00 0.00 0.00 0.00 B-4 1,442,000.00 3.61785% 1,442,000.00 4,347.44 0.00 0.00 0.00 0.00 B-5 1,154,000.00 3.61785% 1,154,000.00 3,479.16 0.00 0.00 0.00 0.00 B-6 2,600,498.71 3.61785% 2,600,498.71 7,840.17 0.00 0.00 0.00 0.00 X-1 50.00 1.78878% 96,718,895.81 144,413.51 0.00 0.00 0.00 0.00 X-2 50.00 2.08767% 466,047,104.19 834,668.81 0.00 0.00 0.00 0.00 ------ ---------------- ---------------- -------------- ------------ ---------- --------- --------- -------- Totals 577,196,698.71 1,740,171.94 0.00 0.00 0.00 0.00 ------ ---------------- ---------------- -------------- ------------ ---------- --------- --------- --------
Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance ------ -------------- ---------- ------------------ A 705,375.69 0.00 551,170,546.20 A-R 0.30 0.00 0.00 B-1 12,207.53 0.00 8,080,000.00 B-2 17,398.82 0.00 5,771,000.00 B-3 10,440.50 0.00 3,463,000.00 B-4 4,347.44 0.00 1,442,000.00 B-5 3,479.16 0.00 1,154,000.00 B-6 7,840.17 0.00 2,600,498.71 X-1 144,413.51 0.00 95,313,427.98 X-2 834,668.81 0.00 463,937,118.22 ------ ------------ ---------- ---------------- Totals 1,740,171.93 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Class(5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - -------- -------------- ----------- ----------------- --------------- ---------- ---------- ---------- A 554,686,000.00 2.18000% 1.000.00000000 1.27166667 0.00000000 0.00000000 0.00000000 A-R 100.00 3.61785% 1.000.00000000 3.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 2.59000% 1.000.00000000 1.51083292 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 3.61785% 1.000.00000000 3.01487091 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 3.61785% 1.000.00000000 3.01487150 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 3.61785% 1.000.00000000 3.01486824 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 3.61785% 1.000.00000000 3.01487002 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 3.61785% 1.000.00000000 3.01487171 0.00000000 0.00000000 0.00000000 X-1 50.00 1.78878% 4377916.20000000 88270.20000000 0.00000000 0.00000000 0.00000000 X-2 50.00 2.08767% 0942083.79999920 93376.20000000 0.00000000 0.00000000 0.00000000 - -------- -------------- ----------- ----------------- --------------- ---------- ---------- ----------
Remaining Unpaid Realized Total Interest Interest Ending Certificate/ Class(5) Loss(6) Distribution Shortfall Notational Balance - -------- --------- --------------- --------- ----------------- A 0.00000000 1.27166665 0.00000000 993.66226333 A-R 0.00000000 3.00000000 0.00000000 0.00000000 B-1 0.00000000 1.51083292 0.00000000 1000.00000000 B-2 0.00000000 3.01487091 0.00000000 1000.00000000 B-3 0.00000000 3.01487150 0.00000000 1000.00000000 B-4 0.00000000 3.01486824 0.00000000 1000.00000000 B-5 0.00000000 3.01487002 0.00000000 1000.00000000 B-6 0.00000000 3.01487171 0.00000000 1000.00000000 X-1 0.00000000 88270.20000000 0.00000000 06268559.60000010 X-2 0.00000000 93376.20000000 0.00000000 78742364.40000150 - -------- ---------- --------------- ---------- -----------------
(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 4,429,601.12 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 4,429,601.12 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 152,856.32 Payment of Interest and Principal 4,276,744.80 ------------ Total Withdrawals (Pool Distribution Amount) 4,429,601.12 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 148,891.35 Master Servicing Fee 3,964.97 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 152,856.32 ==========
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 0.00 Periodic Advance 0.00 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%
Original $ Original % Current $ Current % ------------- ---------- ------------- ---------- Bankruptcy 100,261.00 0.01737033% 100.261.00 0.02122914% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.66644773% Special Hazard 5,771,967.00 1.00000000% 5,771,967.00 1.22214924%
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 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% - --------------------------- --------------- ---------- --------------- ----------------
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm - ---------------------- ------------------ Weighted Average Gross Coupon 4.003363% Weighted Average Net Coupon 3.627843% Weighted Average Pass-Through Rate 3.617842% Weighted Average Maturity (Stepdown Calculation) 359 Beginning Scheduled Collateral Loan Count 1,289 Number of Loans Paid in Full 10 Ending Scheduled Collateral Loan Count 1,279 Beginning Scheduled Collateral Balance 577,196,698.71 Ending Scheduled Collateral Balance 472,280,044.91 Ending Actual Collateral Balance at 31-May-2002 472,280,073.98 Monthly P&I Constant 1,587,429.63 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 110.66 Unscheduled Principal 3,515,543.14
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.100030% 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 3.706872 4.064890 4.003363 Weighted Average Net Rate 3.331871 3.689263 3.627843 Pass-Through Rate 3.321870 3.679262 3.617842 Weighted Average Maturity 319 320 359 Record Date 05/31/2002 05/31/2002 05/31/2002 Principal and Interest Constant 252,697.06 1,334,732.57 1,587,429.63 Beginning Loan Count 204 1,085 1,289 Loans Paid in Full 2 8 10 Ending Loan Count 202 1,077 1,279 Beginning Scheduled Balance 81,768,173.31 394,027,525.40 475,795,698.71 Ending Scheduled Balance 97,772,827.10 475,908,217.80 573,681,044.90 Scheduled Principal 110.26 0.40 110.66 Unscheduled Principal 1,426,067.85 2,089,475.29 3,515,543.14 Scheduled Interest 252,586.80 1,334,732.17 1,587,318.97 Servicing Fee 25,552.56 123,338.79 148,891.35 Master Servicing Fee 681.40 3,283.57 3,964.97 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 226,352.84 1,208,109.81 1,434,462.65 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