Wells Fargo Bank Minnesota, N.A. SMT Series 2002-7 Certificateholder Distribution Statement (June 2003)

Contract Categories: Business Finance › Trust Agreements
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 summarizes the principal and interest distributions made to certificateholders as of the May 30, 2003 record date and June 20, 2003 distribution date. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

Read More Arrow
EX-10.1 3 f91333bexv10w1.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 30, 2003 DISTRIBUTION DATE: JUNE 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- -------------------------------------------------------------------------------------------------------------------------------- Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - -------------------------------------------------------------------------------------------------------------------------------- A 81743YAA5 SEN 1.65813% 494,196,889.81 682,868.90 A-R SMT0207AR SEN 3.51715% 0.00 0.00 B-1 81743YAE7 SUB 2.06813% 8,080,000.00 13,925.41 B-2 81743YAF4 SUB 2.80029% 5,771,000.00 13,467.05 B-3 81743YAG2 SUB 2.80029% 3,463,000.00 8,081.16 B-4 SMT0207B4 SUB 2.80029% 1,442,000.00 3,365.01 B-5 SMT0207B5 SUB 2.80029% 1,154,000.00 2,692.94 B-6 SMT0207B6 SUB 2.80029% 2,600,498.71 6,068.45 X-1 81743YAC1 SEN 0.95300% 0.00 68,043.11 X-2 81743YAD9 SEN 1.17311% 0.00 407,262.17 - -------------------------------------------------------------------------------------------------------------------------------- Totals 516,707,388.52 1,205,774.20 - -------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------ Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------------------------------------------------------------------------------------------------------------------------------ A 8,651,890.02 0.00 485,544,999.79 9,334,759.92 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 8,080,000.00 13,925.41 0.00 B-2 0.00 0.00 5,771,000.00 13,467.05 0.00 B-3 0.00 0.00 3,463,000.00 8,081.16 0.00 B-4 0.00 0.00 1,442,000.00 3,365.01 0.00 B-5 0.00 0.00 1,154,000.00 2,692.94 0.00 B-6 0.00 0.00 2,600,498.71 6,068.45 0.00 X-1 0.00 0.00 0.00 68,043.11 0.00 X-2 0.00 0.00 0.00 407,262.17 0.00 - -------------------------------------------------------------------------------------------------------------------------- Totals 8,651,890.02 0.00 508,055,498.50 9,857,664.22 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 554,686,000.00 494,196,889.81 1,394.00 8,650,496.02 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 577,196,698.71 516,707,388.52 1,394.00 8,650,496.02 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ - --------------------------------------------------------------------------------------------------------- Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - --------------------------------------------------------------------------------------------------------- A 8,651,890.02 485,544,999.79 0.87535110 8,651,890.02 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 8,651,890.02 508,055,498.50 0.88021207 8,651,890.02 - --------------------------------------------------------------------------------------------------------
(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 554,686,000.00 890.94891490 0.00251313 15.59530260 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 15.59781574 875.35109916 0.87535110 15.59781574 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 Certificate/ Current Unpaid Original Face Current Notional Accrued Interest Class Amount Certificate Rate Balance Interest Shortfall - --------------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 1.65813% 494,196,889.81 682,868.91 0.00 A-R 100.00 3.51715% 0.00 0.00 0.00 B-1 8,080,000.00 2.06813% 8,080,000.00 13,925.41 0.00 B-2 5,771,000.00 2.80029% 5,771,000.00 13,467.05 0.00 B-3 3,463,000.00 2.80029% 3,463,000.00 8,081.16 0.00 B-4 1,442,000.00 2.80029% 1,442,000.00 3,365.01 0.00 B-5 1,154,000.00 2.80029% 1,154,000.00 2,692.94 0.00 B-6 2,600,498.71 2.80029% 2,600,498.71 6,068.45 0.00 X-1 50.00 0.95300% 85,678,418.94 68,043.11 0.00 X-2 50.00 1.17311% 416,598,470.87 407,262.18 0.00 - ------------------------------------------------------------------------------------------------------------------ Totals 577,196,698.71 1,205,774.22 0.00 - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------- Non- Remaining Ending Current Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - ------------------------------------------------------------------------------------------------------------------------- A 0.00 0.00 0.00 682,868.90 0.00 485,544,999.79 A-R 0.00 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 0.00 13,925.41 0.00 8,080,000.00 B-2 0.00 0.00 0.00 13,467.05 0.00 5,771,000.00 B-3 0.00 0.00 0.00 8,081.16 0.00 3,463,000.00 B-4 0.00 0.00 0.00 3,365.01 0.00 1,442,000.00 B-5 0.00 0.00 0.00 2,692.94 0.00 1,154,000.00 B-6 0.00 0.00 0.00 6,068.45 0.00 2,600,498.71 X-1 0.00 0.00 0.00 68,043.11 0.00 84,958,359.34 X-2 0.00 0.00 0.00 407,262.17 0.00 408,666,640.45 - ------------------------------------------------------------------------------------------------------------------------ Totals 0.00 0.00 0.00 1,205,774.20 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 Current Original Face Certificate Certificate/ Current Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------------------------------------------------ A 554,686,000.00 1.65813% 890.94891490 1.23109094 0.00000000 0.00000000 A-R 100.00 3.51715% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 2.06813% 1000.00000000 1.72344183 0.00000000 0.00000000 B-2 5,771,000.00 2.80029% 1000.00000000 2.33357304 0.00000000 0.00000000 B-3 3,463,000.00 2.80029% 1000.00000000 2.33357205 0.00000000 0.00000000 B-4 1,442,000.00 2.80029% 1000.00000000 2.33357143 0.00000000 0.00000000 B-5 1,154,000.00 2.80029% 1000.00000000 2.33357019 0.00000000 0.00000000 B-6 2,600,498.71 2.80029% 1000.00000000 2.33357162 0.00000000 0.00000000 X-1 50.00 0.95300% 1713568.37880000 1360.86220000 0.00000000 0.00000000 X-2 50.00 1.17311% 8331969.41740000 8145.24360000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------------------------------ Non- Remaining Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------------------------------------------------------------------------------------------------------------------- A 0.00000000 0.00000000 1.23109092 0.00000000 875.35109916 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.72344183 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.33357304 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.33357205 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.33357143 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.33357019 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.33357162 0.00000000 1000.00000000 X-1 0.00000000 0.00000000 1360.86220000 0.00000000 1699167.18680000 X-2 0.00000000 0.00000000 8145.24340000 0.00000000 ###-###-####.80900000 - --------------------------------------------------------------------------------------------------------------------
(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 10,023,021.33 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 967.60 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,023,988.93 Withdrawals Reimbursement for Servicer Advances 342.73 Payment of Service Fee 165,981.98 Payment of Interest and Principal 9,857,664.22 ------------- Total Withdrawals (Pool Distribution Amount) 10,023,988.93 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 161,676.11 Master Servicing Fee 4,305.87 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 165,981.98 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------------------------------- Basis Risk Reserve Fund - X-1 1,512.84 0.00 0.00 1,512.84 Basis Risk Reserve Fund - X-2 8,487.16 0.00 0.00 8,487.16 - --------------------------------------------------------------------------------------------------------
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 2 389,504.17 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 -------- ---------- -------- -------- -------- -------- 2 389,504.17 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.143062% 0.076666% 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% -------- ---------- -------- -------- -------- -------- 0.143062% 0.076666% 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 2 389,504.17 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 2 389,504.17 No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.143062% 0.076666% 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% 0.143062% 0.076666% - --------------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 967.60
Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.01973426% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.40826958% Special Hazard 5,771,967.00 1.00000000% 5,080,554.99 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 2 389,504.17 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 -------- ---------- -------- -------- -------- -------- 2 389,504.17 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.169779% 0.092604% 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% -------- ---------- -------- -------- -------- -------- 0.169779% 0.092604% 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 2 389,504.17 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 2 389,504.17 No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.169779% 0.092604% 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% 0.169779% 0.092604% - --------------------------------------------------------------------------
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 3.185763% Weighted Average Net Coupon 2.810287% Weighted Average Pass-Through Rate 2.800287% Weighted Average Maturity (Stepdown Calculation) 347 Beginning Scheduled Collateral Loan Count 1,420 Number of Loans Paid in Full 22 Ending Scheduled Collateral Loan Count 1,398 Beginning Scheduled Collateral Balance 516,707,388.52 Ending Scheduled Collateral Balance 508,055,498.50 Ending Actual Collateral Balance at 30-May-2003 508,052,909.55 Monthly P&I Constant 1,373,150.24 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,394.00 Unscheduled Principal 8,650,496.02
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.643473% 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 3.002728 3.223407 3.185763 Weighted Average Net Rate 2.627728 2.847833 2.810287 Pass-Through Rate 2.617728 2.837833 2.800287 Weighted Average Maturity 307 308 347 Record Date 05/30/2003 05/30/2003 05/30/2003 Principal and Interest Constant 220,550.30 1,152,599.94 1,373,150.24 Beginning Loan Count 222 1,198 1,420 Loans Paid in Full 2 20 22 Ending Loan Count 220 1,178 1,398 Beginning Scheduled Balance 88,139,974.19 428,567,414.33 516,707,388.52 Ending Scheduled Balance 87,442,008.86 420,613,489.64 508,055,498.50 Scheduled Principal 0.00 1,394.00 1,394.00 Unscheduled Principal 697,965.33 7,952,530.69 8,650,496.02 Scheduled Interest 220,550.30 1,151,205.94 1,371,756.24 Servicing Fee 27,543.74 134,132.37 161,676.11 Master Servicing Fee 734.49 3,571.38 4,305.87 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 192,272.07 1,013,502.19 1,205,774.26 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