Sequoia Mortgage Funding Corporation has previously registered the offer and sale of Collateralized Mortgage Bonds issued by Sequoia Mortgage Trust 7 (the Bonds)
EX-10.1 3 f89894exv10w1.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: MARCH 31, 2003 DISTRIBUTION DATE: APRIL 21, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY Certificate Certificate Beginning Current Ending Cumulative Class Pass-Through Certificate Interest Principal Realized Certificate Total Realized Class CUSIP Description Rate Balance Distribution Distribution Loss Balance Distribution Loss - ----- ----- ----------- ---- ------- ------------ ------------ ---- ------- ------------ ---- A 81743YAA5 SEN 1.62375% 505,767,737.58 684,366.97 2,437,236.02 0.00 503,330,501.56 3,121,602.99 0.00 A-R SMT0207AR SEN 3.52107% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 81743YAE7 SUB 2.03375% 8,080,000.00 13,693.92 0.00 0.00 8,080,000.00 13,693.912 0.00 B-2 81743YAF4 SUB 3.11718% 5,771,000.00 14,991.03 0.00 0.00 5,771,000.00 14,991.03 0.00 B-3 81743YAG2 SUB 3.11718% 3,463,000.00 8,995.66 0.00 0.00 3,463,000.00 8,995.66 0.00 B-4 SMT0207B4 SUB 3.11718% 1,442,000.00 3,745.81 0.00 0.00 1,442,000.00 3,745.81 0.00 B-5 SMT0207B5 SUB 3.11718% 1,154,000.00 2,997.69 0.00 0.00 1,154,000.00 2,997.69 0.00 B-6 SMT0207B6 SUB 3.11718% 2,600,498.71 6,755.18 0.00 0.00 2,600,498.71 6,755.18 0.00 X-1 81743YAC1 SEN 1.11621% 0.00 81,217.72 0.00 0.00 0.00 81,217.72 0.00 X-2 81743YAD9 SEN 1.56288% 0.00 555,517.54 0.00 0.00 0.00 555,517.54 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Totals 528,278,236.29 1,372,281.52 2,437,236.02 0.00 525,841,000.27 3,809,517.54 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 Total Ending Ending Original Face Certificate Principal Principal Realized Principal Certificate Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance Percentage - ----- ------ ------- ------------ ------------ --------- -------- --------- ------- ---------- A 554,686,000.00 505,767,737.58 0.00 2,437,236.02 0.00 0.00 2,437,236.02 503,330,501.56 0.90741519 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 B-1 8,080,000.00 8,080,000.00 0.00 0.00 0.00 0.00 0.00 8,080,000.00 1.00000000 B-2 5,771,000.00 5,771,000.00 0.00 0.00 0.00 0.00 0.00 5,771,000.00 1.00000000 B-3 3,463,000.00 3,463,000.00 0.00 0.00 0.00 0.00 0.00 3,463,000.00 1.00000000 B-4 1,442,000.00 1,442,000.00 0.00 0.00 0.00 0.00 0.00 1,442,000.00 1.00000000 B-5 1,154,000.00 1,154,000.00 0.00 0.00 0.00 0.00 0.00 1,154,000.00 1.00000000 B-6 2,600,498.71 2,600,498.71 0.00 0.00 0.00 0.00 0.00 2,600,498.71 1.00000000 X-1 50.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 X-2 50.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 - ------------------------------------------------------------------------------------------------------------------------ Totals 577,196,698.71 528,278,236.29 0.00 2,437,236.02 0.00 0.00 2,437,236.02 525,841,000.27 0.91102565 - ------------------------------------------------------------------------------------------------------------------------
Total Principal Class Distribution - ----- ------------ A 2,437,236.02 A-R 0.00 B-1 0.00 B-2 0.00 B-3 0.00 B-4 0.00 B-5 0.00 B-6 0.00 X-1 0.00 X-2 0.00 - ------------------- Totals 2,437,236.02 - -------------------
(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 Total Ending Ending Original Face Certificate Principal Principal Realized Principal Certificate Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance Percentage - ----- ------ ------- ------------ ------------ --------- -------- --------- ------- ---------- A 554,686,000.00 911.80909123 0.00000000 4.39390217 0.00000000 0.00000000 4.39390217 907.41518906 0.90741519 A-R 100.00 0.00000000 0.00000000 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 1000.00000000 1.00000000 B-2 5,771,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 B-3 3,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 B-4 1,442,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 B-5 1,154,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 B-6 2,600,498.71 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 X-1 50.00 0.00000000 0.00000000 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 0.00000000 0.00000000 - -------------------------------------------------------------------------------------------------------------------------
Total Principal Class Distribution - ----- ------------ A 4.39390217 A-R 0.00000000 B-1 0.00000000 B-2 0.00000000 B-3 0.00000000 B-4 0.00000000 B-5 0.00000000 B-6 0.00000000 X-1 0.00000000 X-2 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 Remaining Original Current Certificate/ Current Unpaid Current Non-Supported Total Unpaid Face Certificate Notional Accrued Interest Interest Interest Realized Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution Shortfall - ----- ------ ---- ------- -------- --------- ---------- --------- -------- ------------ --------- A 554,686,000.00 1.62375% 505,767,737.58 684,366.97 0.00 0.00 0.00 0.00 684,366.97 0.00 A-R 100.00 3.52107% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 2.03375% 8,080,000.00 13,693.92 0.00 0.00 0.00 0.00 13,693.92 0.00 B-2 5,771,000.00 3.11718% 5,771,000.00 14,991.03 0.00 0.00 0.00 0.00 14,991.03 0.00 B-3 3,463,000.00 3.11718% 3,463,000.00 8,995.66 0.00 0.00 0.00 0.00 8,995.66 0.00 B-4 1,442,000.00 3.11718% 1,442,000.00 3,745.81 0.00 0.00 0.00 0.00 3,745.81 0.00 B-5 1,154,000.00 3.11718% 1,154,000.00 2,997.69 0.00 0.00 0.00 0.00 2,997.69 0.00 B-6 2,600,498.71 3.11718% 2,600,498.71 6,755.18 0.00 0.00 0.00 0.00 6,755.18 0.00 X-1 50.00 1.11621% 87,314,548.86 81,217.72 0.00 0.00 0.00 0.00 81,217.72 0.00 X-2 50.00 1.56288% 426,533,188.72 555,517.54 0.00 0.00 0.00 0.00 555,517.54 0.00 - -------------------------------------------------------------------------------------------------------------------------------- Totals 577,196,698.71 1,372,281.52 0.00 0.00 0.00 0.00 1,372,281.52 0.00 - --------------------------------------------------------------------------------------------------------------------------------
Ending Certificate/ Notational Class Balance - ----- ------- A 503,330,501.56 A-R 0.00 B-1 8,080,000.00 B-2 5,771,000.00 B-3 3,463,000.00 B-4 1,442,000.00 B-5 1,154,000.00 B-6 2,600,498.71 X-1 87,086,072.83 X-2 424,324,428.74 - --------------------- Totals - ---------------------
(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 Beginning Payment of Original Current Certificate/ Current Unpaid Current Non-Supported Total Face Certificate Notional Accrued Interest Interest Interest Realized Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ----- ------ ---- ------- -------- --------- ---------- --------- -------- ------------ A 554,686,000.00 1.62375% 911.80909123 1.23379168 0.00000000 0.00000000 0.00000000 0.00000000 1.23379168 A-R 100.00 3.52107% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 2.03375% 1000.00000000 1.69479208 0.00000000 0.00000000 0.00000000 0.00000000 1.69479208 B-2 5,771,000.00 3.11718% 1000.00000000 2.59764859 0.00000000 0.00000000 0.00000000 0.00000000 2.59764859 B-3 3,463,000.00 3.11718% 1000.00000000 2.59764944 0.00000000 0.00000000 0.00000000 0.00000000 2.59764944 B-4 1,442,000.00 3.11718% 1000.00000000 2.59764910 0.00000000 0.00000000 0.00000000 0.00000000 2.59764910 B-5 1,154,000.00 3.11718% 1000.00000000 2.59765165 0.00000000 0.00000000 0.00000000 0.00000000 2.59765165 B-6 2,600,498.71 3.11718% 1000.00000000 2.59764790 0.00000000 0.00000000 0.00000000 0.00000000 2.59764790 X-1 50.00 1.11621% 1746290.97720000 1624.35440000 0.00000000 0.00000000 0.00000000 0.00000000 1624.35440000 X-2 50.00 1.56288% 8530663.77440000 11110.35080000 0.00000000 0.00000000 0.00000000 0.00000000 11110.35080000 - ----------------------------------------------------------------------------------------------------------------------------
Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ----- --------- ------- A 0.00000000 907.41518906 A-R 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 B-2 0.00000000 1000.00000000 B-3 0.00000000 1000.00000000 B-4 0.00000000 1000.00000000 B-5 0.00000000 1000.00000000 B-6 0.00000000 1000.00000000 X-1 0.00000000 1741721 ###-###-#### X-2 0.00000000 ###-###-####.57480000 - ----------------------------------
(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 3,979,211.89 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 3,979,211.89 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 169,694.35 Payment of Interest and Principal 3,809,517.54 ------------ Total Withdrawals (Pool Distribution Amount) 3,979,211.89 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 165,292.04 Master Servicing Fee 4,402.31 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 169,694.35 ==========
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 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
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% 0.00 Periodic Advance 0.00
Original $ Original % Current $ Current % ------------- ----------- ------------- ----------- Bankruptcy 100,261.00 0.01737033% 100,261.00 0.01906679% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.29299180% Special Hazard 5,771,967.00 1.00000000% 5,258,410.00 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 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 3.502646% Weighted Average Net Coupon 3.127179% Weighted Average Pass-Through Rate 3.117179% Weighted Average Maturity (Stepdown Calculation) 349 Beginning Scheduled Collateral Loan Count 1,452 Number of Loans Paid in Full 6 Ending Scheduled Collateral Loan Count 1,446 Beginning Scheduled Collateral Balance 528,278,236.29 Ending Scheduled Collateral Balance 525,841,000.27 Ending Actual Collateral Balance at 31-Mar-2003 525,837,687.54 Monthly P&I Constant 1,541,978.24 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 2,437,236.02
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.738893% 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 3.131406 3.578640 3.502645 Weighted Average Net Rate 2.756406 3.203079 3.127179 Pass-Through Rate 2.746406 3.193079 3.117179 Weighted Average Maturity 309 310 349 Record Date 03/31/2003 03/31/2003 03/31/2003 Principal and Interest Constant 234,246.44 1,307,731.80 1,541,978.24 Beginning Loan Count 226 1,226 1,452 Loans Paid in Full 1 5 6 Ending Loan Count 225 1,221 1,446 Beginning Scheduled Balance 89,766,622.49 438,511,613.80 528,278,236.29 Ending Scheduled Balance 89,543,385.41 436,297,614.86 525,841,000.27 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 223,237.08 2,213,998.94 2,437,236.02 Scheduled Interest 234,246.44 1,307,729.45 1,541,975.89 Servicing Fee 28,052.08 137,239.96 165,292.04 Master Servicing Fee 748.06 3,654.25 4,402.31 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 205,446.30 1,166,835.24 1,372,281.54 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
