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EX-10.1 3 f89233exv10w1.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: FEBRUARY 28, 2003 DISTRIBUTION DATE: MARCH 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ----- ----- ----------- ------------ -------------- ------------ A 81743YAA5 SEN 1.68000% 513,058,055.97 718,281.27 A-R SMT0207AR SEN 3.52106% 0.00 0.00 B-1 81743YAE7 SUB 2.09000% 8,080,000.00 14,072.67 B-2 81743YAF4 SUB 3.16296% 5,771,000.00 15,211.19 B-3 81743YAG2 SUB 3.16296% 3,463,000.00 9,127.77 B-4 SMT0207B4 SUB 3.16296% 1,442,000.00 3,800.82 B-5 SMT0207B5 SUB 3.16296% 1,154,000.00 3,041.71 B-6 SMT0207B6 SUB 3.16296% 2,600,498.71 6,854.39 X-1 81743YAC1 SEN 1.07218% 0.00 80,748.43 X-2 81743YAD9 SEN 1.56145% 0.00 560,512.12 -------------- ------------ Totals 535,568,554.68 1,411,650.37 -------------- ------------
Ending Principal Current Certificate Total Cumulative Class CUSIP Distribution Realized Loss Balance Distribution Realized Loss - ----- ----- ------------ ------------- -------------- ------------ ------------- A 81743YAA5 7,290,318.39 0.00 505,767,737.58 8,008,599.66 0.00 A-R SMT0207AR 0.00 0.00 0.00 0.00 0.00 B-1 81743YAE7 0.00 0.00 8,080,000.00 14,072.67 0.00 B-2 81743YAF4 0.00 0.00 5,771,000.00 15,211.19 0.00 B-3 81743YAG2 0.00 0.00 3,463,000.00 9,127.77 0.00 B-4 SMT0207B4 0.00 0.00 1,442,000.00 3,800.82 0.00 B-5 SMT0207B5 0.00 0.00 1,154,000.00 3,041.71 0.00 B-6 SMT0207B6 0.00 0.00 2,600,498.71 6,854.39 0.00 X-1 81743YAC1 0.00 0.00 0.00 80,748.43 0.00 X-2 81743YAD9 0.00 0.00 0.00 560,512.12 0.00 ------------ ---- -------------- ------------ ---- Totals 7,290,318.39 0.00 528,278,236.29 8,701,968.76 0.00 ------------ ---- -------------- ------------ ----
All distributions ruired 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 554,686,000.00 513,058,055.97 0.00 7,290,318.39 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 577,196,698.71 535,568,554.68 0.00 7,290,318.39 0.00 0.00
Ending Ending Total Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- -------------- -------------- ----------- ------------- A 7,290,318.39 505,767,737.58 0.91180909 7,290,318.39 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 7,290,318.39 528,278,236.29 0.91524819 7,290,318.39
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ----- ------ ------- ------------ ------------ --------- A 554,686,000.00 924.95223599 0.00000000 13.14314475 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 1000.00000000 0.00000000 0.00000000 0.00000000 X-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss(3) Reduction Balance Percentage Distribution - ----- ---------- ----------- ------------- ---------- ------------ A 0.00000000 13.14314475 911.80909123 0.91180909 13.14314475 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Payment of Current Beginning Current Unpaid Current Original Face Certificate Certificate/ Accrued Interest Interest Class Amount Rate Notional Balance Interest Shortfall Shortfall - ----- -------------- ----------- ---------------- ---------- ---------- --------- A 554,686,000.00 1.68000% 513,058,055.97 718,281.28 0.00 0.00 A-R 100.00 3.52106% 0.00 0.00 0.00 0.00 B-1 8,080,000.00 2.09000% 8,080,000.00 14,072.67 0.00 0.00 B-2 5,771,000.00 3.16296% 5,771,000.00 15,211.19 0.00 0.00 B-3 3,463,000.00 3.16296% 3,463,000.00 9,127.77 0.00 0.00 B-4 1,442,000.00 3.16296% 1,442,000.00 3,800.82 0.00 0.00 B-5 1,154,000.00 3.16296% 1,154,000.00 3,041.71 0.00 0.00 B-6 2,600,498.71 3.16296% 2,600,498.71 6,854.39 0.00 0.00 X-1 50.00 1.07218% 90,375,136.85 80,748.43 0.00 0.00 X-2 50.00 1.56145% 430,762,919.12 560,512.12 0.00 0.00 --- -------------- -------- -------------- ------------ ---- ---- Totals 577,196,698.71 1,411,650.38 0.00 0.00 -------------- ------------ ---- ----
Remaining Ending Non-Supported Unpaid Certificate Interest Realized Total Interest Interest Notational Class Shortfall Loss(4) Distribution Shortfall Balance - ----- ------------- -------- -------------- ---------- -------------- 0.00 0.00 718,281.27 0.00 505,767,737.58 A 0.00 0.00 0.00 0.00 0.00 A-R 0.00 0.00 14,072.67 0.00 8,080,000.00 B-1 0.00 0.00 15,211.19 0.00 5,771,000.00 B-2 0.00 0.00 9,127.77 0.00 3,463,000.00 B-3 0.00 0.00 3,800.82 0.00 1,442,000.00 B-4 0.00 0.00 3,041.71 0.00 1,154,000.00 B-5 0.00 0.00 6,854.39 0.00 2,600,498.71 B-6 0.00 0.00 80,748.43 0.00 87,314,548.86 X-1 0.00 0.00 560,512.12 0.00 426,533,188.72 --- ---- ---- ------------ ---- -------------- X-2 0.00 0.00 1,411,650.37 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 1.68000% 924.95223599 1.29493313 0.00000000 0.00000000 A-R 100.00 3.52106% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 2.09000% 1000.00000000 1.74166708 0.00000000 0.00000000 B-2 5,771,000.00 3.16296% 1000.00000000 2.63579796 0.00000000 0.00000000 B-3 3,463,000.00 3.16296% 1000.00000000 2.63579844 0.00000000 0.00000000 B-4 1,442,000.00 3.16296% 1000.00000000 2.63579750 0.00000000 0.00000000 B-5 1,154,000.00 3.16296% 1000.00000000 2.63579723 0.00000000 0.00000000 B-6 2,600,498.71 3.16296% 1000.00000000 2.63579827 0.00000000 0.00000000 X-1 50.00 1.07218% 1807502.73700000 1614.96860000 0.00000000 0.00000000 X-2 50.00 1.56145% 8615258.38240000 11210.24240000 0.00000000 0.00000000
Remaining Non-Supported Unpaid Ending Interest Realized Total Interest Interest Certificate/ Class(5) Shortfall Loss (6) Distribution Shortfall Notational Balance - -------- ------------- ----------- ------------ --------- -------------------- A 0.00000000 0.00000000 1.29493312 0.00000000 911.80909123 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.74166708 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.63579796 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.63579844 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.63579750 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.63579723 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.63579827 0.00000000 1000.00000000 X-1 0.00000000 0.00000000 1614.96860000 0.00000000 1746290.97720000 X-2 0.00000000 0.00000000 11210.24240000 0.00000000 ###-###-####.77440000
(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 8,874,002.09 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 8,874,002.09 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 172,033.33 Payment of Interest and Principal 8,701,968.76 ------------ Total Withdrawals (Pool Distribution Amount) 8,874,002.09 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 0.02 ====
SERVICING FEES Gross Servicing Fee 167,570.27 Master Servicing Fee 4,463.06 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 172,033.33 ==========
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
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
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------- ----------------------------------- --------------------------------- 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 0.000000% 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%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.01897882% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.27779943% Special Hazard 5,771,967.00 1.00000000% 5,282,782.36 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
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
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------ ------------------------------------ ----------------------------------- 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 0.000000% 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
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
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------ ------------------------------------ ----------------------------------- 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 0.000000% 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 3.548417% Weighted Average Net Coupon 3.172957% Weighted Average Pass-Through Rate 3.162957% Weighted Average Maturity (Stepdown Calculation) 350 Beginning Scheduled Collateral Loan Count 1,469 Number of Loans Paid in Full 17 Ending Scheduled Collateral Loan Count 1,452 Beginning Scheduled Collateral Balance 535,568,554.68 Ending Scheduled Collateral Balance 528,278,236.29 Ending Actual Collateral Balance at 28-Feb-2003 528,274,946.21 Monthly P&I Constant 1,583,743.63 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 7,290,318.39
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.796897% 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 3.143534 3.633362 3.548417 Weighted Average Net Rate 2.768534 3.257806 3.172957 Pass-Through Rate 2.758534 3.247806 3.162957 Weighted Average Maturity 310 311 350 Record Date 02/28/2003 02/28/2003 02/28/2003 Principal and Interest Constant 243,356.82 1,340,386.81 1,583,743.63 Beginning Loan Count 233 1,236 1,469 Loans Paid in Full 7 10 17 Ending Loan Count 226 1,226 1,452 Beginning Scheduled Balance 92,877,656.64 442,690,898.04 535,568,554.68 Ending Scheduled Balance 89,766,622.49 438,511,613.80 528,278,236.29 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 3,111,034.15 4,179,284.24 7,290,318.39 Scheduled Interest 243,303.36 1,340,380.36 1,583,683.72 Servicing Fee 29,024.27 138,546.00 167,570.27 Master Servicing Fee 773.97 3,689.09 4,463.06 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 213,505.12 1,198,145.27 1,411,650.39 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