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EX-10.1 3 f90808bexv10w1.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: APRIL 30, 2003 DISTRIBUTION DATE: MAY 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- ------------------------------------------------------------------------------------------------------------------------------ Certificate Beginning Ending Class Certificate Pass- Certificate Interest Principal Current Certificate Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss Balance - ------------------------------------------------------------------------------------------------------------------------------ A 81743YAA5 SEN 1.66938% 503,330,501.56 700,208.22 9,133,611.75 0.00 494,196,889.81 A-R SMT0207AR SEN 3.51930% 0.00 0.00 0.00 0.00 0.00 B-1 81743YAE7 SUB 2.07938% 8,080,000.00 14,001.16 0.00 0.00 8,080,000.00 B-2 81743YAF4 SUB 2.96451% 5,771,000.00 14,256.80 0.00 0.00 5,771,000.00 B-3 81743YAG2 SUB 2.96451% 3,463,000.00 8,555.07 0.00 0.00 3,463,000.00 B-4 SMT0207B4 SUB 2.96451% 1,442,000.00 3,562.35 0.00 0.00 1,442,000.00 B-5 SMT0207B5 SUB 2.96451% 1,154,000.00 2,850,87 0.00 0.00 1,154,000.00 B-6 SMT0207B6 SUB 2.96451% 2,600,498.71 6,424.33 0.00 0.00 2,600,498.71 X-1 81743YAC1 SEN 1.06995% 0.00 77,648.37 0.00 0.00 0.00 X-2 81743YAD9 SEN 1.33353% 0.00 471,541.89 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------ Totals 525,841,000.27 1,299,049.06 9,133,611.75 0.00 516,707,388.52 - ------------------------------------------------------------------------------------------------------------------------------ - -------------------------------------- Total Cumulative Class Distribution Realized Loss - -------------------------------------- A 9,833,819.97 0.00 A-R 0.00 0.00 B-1 14,001.16 0.00 B-2 14,256.80 0.00 B-3 8,555.07 0.00 B-4 3,562.35 0.00 B-5 2,850.87 0.00 B-6 6,424.33 0.00 X-1 77,648.37 0.00 X-2 471,541.89 0.00 - -------------------------------------- Totals 10,432,660.81 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 Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ------------------------------------------------------------------------------------------------------------------------------------ A 554,686,000.00 503,330,501.56 0.00 9,133,611.75 0.00 0.00 9,133,611.75 494,196,889.81 A-R 100.00 0.00 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 8,080,000.00 B-2 5,771,000.00 5,771,000.00 0.00 0.00 0.00 0.00 0.00 5,771,000.00 B-3 3,463,000.00 3,463,000.00 0.00 0.00 0.00 0.00 0.00 3,463,000.00 B-4 1,442,000.00 1,442,000.00 0.00 0.00 0.00 0.00 0.00 1,442,000.00 B-5 1,154,000.00 1,154,000.00 0.00 0.00 0.00 0.00 0.00 1,154,000.00 B-6 2,600,498.71 2,600,498.71 0.00 0.00 0.00 0.00 0.00 2,600,498.71 X-1 50.00 0.00 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 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Totals 577,196,698.71 525,841,000.27 0.00 9,133,611.75 0.00 0.00 9,133,611.75 516,707,388.52 - ------------------------------------------------------------------------------------------------------------------------------------ - ---------------------------------------------- Ending Certificate Total Principal Class Percentage Distribution - ---------------------------------------------- A 0.89094891 9,133,611.75 A-R 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 X-1 0.00000000 0.00 X-2 0.00000000 0.00 - ---------------------------------------------- Totals 0.89520157 9,133,611.75 - ----------------------------------------------
(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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ------------------------------------------------------------------------------------------------------------------------ A 554,686,000.00 907.41518906 0.00000000 16.46627416 0.00000000 0.00000000 16.46627416 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 Certificate Certificate Total Principal Class Balance Percentage Distribution - ------------------------------------------------------------- A 890.94891490 0.89094891 16.46627416 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 Certificate/ Current Unpaid Current Non-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 1.66938% 503,330,501.56 700,208.23 0.00 0.00 0.00 0.00 A-R 100.00 3.51930% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 2.07938% 8,080,000.00 14,001.16 0.00 0.00 0.00 0.00 B-2 5,771,000.00 2.95451% 5,771,000.00 14,256.80 0.00 0.00 0.00 0.00 B-3 3,463,000.00 2.96451% 3,463,000.00 8,555.07 0.00 0.00 0.00 0.00 B-4 1,442,000.00 2.96451% 1,442,000.00 3,562.35 0.00 0.00 0.00 0.00 B-5 1,154,000.00 2.96451% 1,154,000.00 2,850.87 0.00 0.00 0.00 0.00 B-6 2,600,498.71 2.96451% 2,600,498.71 6,424.33 0.00 0.00 0.00 0.00 X-1 50.00 1.06995% 87,086,072.83 77,648.37 0.00 0.00 0.00 0.00 X-2 50.00 1.33353% 424,324,428.73 471,541.89 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Totals 577,196,698.71 1,299,049.07 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------------------------------------------------------- A 700,208.22 0.00 494,196,889.81 A-R 0.00 0.00 0.00 B-1 14,001.16 0.00 8,080,000.00 B-2 14,256.80 0.00 5,771,000.00 B-3 8,555.07 0.00 3,463,000.00 B-4 3,562.35 0.00 1,442,000.00 B-5 2,850.87 0.00 1,154,000.00 B-6 6,424.33 0.00 2,600,498.71 X-1 77,648.37 0.00 85,678,418.94 X-2 471,541.89 0.00 416,598,470.87 - ------------------------------------------------------- Totals 1,299,049.06 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 1.66938% 907.41518906 1.26235065 0.00000000 0.00000000 0.00000000 A-R 100.00 3.51930% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 2.07938% 1000.00000000 1.73281683 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 2.96451% 1000.00000000 2.47042107 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 2.96451% 1000.00000000 2.47042160 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 2.96451% 1000.00000000 2.47042302 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 2.96451% 1000.00000000 2.47042461 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 2.96451% 1000.00000000 2.47042230 0.00000000 0.00000000 0.00000000 X-1 50.00 1.06995% 1741721.45660000 1552.96740000 0.00000000 0.00000000 0.00000000 X-2 50.00 1.33353% 8486488.57460000 9430.83780000 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 1.26235063 0.00000000 890.94891490 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.73281683 0.00000000 1000.00000000 B-2 0.00000000 2.47042107 0.00000000 1000.00000000 B-3 0.00000000 2.47042160 0.00000000 1000.00000000 B-4 0.00000000 2.47042302 0.00000000 1000.00000000 B-5 0.00000000 2.47042461 0.00000000 1000.00000000 B-6 0.00000000 2.47042230 0.00000000 1000.00000000 X-1 0.00000000 1552.96740000 0.00000000 1713568.37880000 X-2 0.00000000 9430.83780000 0.00000000 ###-###-####.41740000 - --------------------------------------------------------------------------
(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 10,601,230.45 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 342.73 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,601,573.18 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 168,912.37 Payment of Interest and Principal 10,432,660.81 ------------- Total Withdrawals (Pool Distribution Amount) 10,601,573.18 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 164,530.39 Master Servicing Fee 4,381.98 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 168,912.37 ==========
- ----------------------------------------------------------------------------------- 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 1 149,550.97 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 ---------------------- -------------------- ----------------- 1 149,550.97 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.070423% 0.028943% 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% ---------------------- ---------------------- --------------------- 0.070423% 0.028943% 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 1 149,550.97 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 1 149,550.97 No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.070423% 0.028943% 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% 0.070423% 0.028943% - -------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 342.73
Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.01940383% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.35120058% Special Hazard 5,771,967.00 1.00000000% 5,167,073.89 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 - -------------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 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 No. of Principal Loans Balance Loans Balance 30 Days 0.083472% 0.034896% 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% -------------------- -------------------- 0.083472% 0.034896% 0.000000% 0.000000% - -------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- FORECLOSURE REO TOTAL - ----------------------------------------------------------------------------------------------------------- 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 1 149,550.97 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 1 149,550.97 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 0.083472% 0.034896% 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% 0.083472% 0.034896% - -----------------------------------------------------------------------------------------------------------
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 3.349974% Weighted Average Net Coupon 2.974506% Weighted Average Pass-Through Rate 2.964506% Weighted Average Maturity (Stepdown Calculation) 348 Beginning Scheduled Collateral Loan Count 1,446 Number of Loans Paid in Full 26 Ending Scheduled Collateral Loan Count 1,420 Beginning Scheduled Collateral Balance 525,841,000.27 Ending Scheduled Collateral Balance 516,707,388.52 Ending Actual Collateral Balance at 30-Apr-2003 516,703,868.70 Monthly P&I Constant 1,467,961.48 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 0.00 Unscheduled Principal 9,133,611.75
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.719143% 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 3.130811 3.394954 3.349974 Weighted Average Net Rate 2.755811 3.019390 2.974506 Pass-Through Rate 2.745811 3.009390 2.964506 Weighted Average Maturity 308 309 348 Record Date 04/30/2003 04/30/2003 04/30/2003 Principal and Interest Constant 233,619.53 1,234,341.95 1,467,961.48 Beginning Loan Count 225 1,221 1,446 Loans Paid in Full 3 23 26 Ending Loan Count 222 1,198 1,420 Beginning Scheduled Balance 89,543,385.41 436,297,614.86 525,841,000.27 Ending Scheduled Balance 88,139,974.19 428,567,414.33 516,707,388.52 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 1,403,411.22 7,730,200.53 9,133,611.75 Scheduled Interest 233,619.53 1,234,341.95 1,467,961.48 Servicing Fee 27,982.31 136,548.08 164,530.39 Master Servicing Fee 746.19 3,635.79 4,381.98 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 204,891.03 1,094,158.08 1,299,049.11 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