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

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Summary

This document, prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator, summarizes the distribution of principal and interest to certificateholders of the SMT Series 2002-7 trust for the December 31, 2003 record date and January 20, 2004 distribution date. It details the amounts paid to each class of certificateholders, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 3 f96265cexv10w1.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: DECEMBER 31, 2003 DISTRIBUTION DATE: JANUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Certificate Interest Principal Current Class CUSIP Description Pass-Through Rate Balance Distribution Distribution Realized Loss - ---------- -------------- ----------- ----------------- -------------- --------------- -------------- --------------- A 81743YAA5 SEN 1.48875% 433,146,509.34 537,372.39 6,501,002.05 0.00 A-R SMT0207AR SEN 3.50779% 0.00 0.00 0.00 0.00 B-1 81743YAE7 SUB 1.89875% 8,080,000.00 12,784.92 0.00 0.00 B-2 81743YAF4 SUB 2.64245% 5,771,000.00 12,707.99 0.00 0.00 B-3 81743YAG2 SUB 2.64245% 3,463,000.00 7,625.67 0.00 0.00 B-4 SMT0207B4 SUB 2.64245% 1,442,000.00 3,175.34 0.00 0.00 B-5 SMT0207B5 SUB 2.64245% 1,154,000.00 2,541.16 0.00 0.00 B-6 SMT0207B6 SUB 2.64245% 2,600,498.71 5,726.41 0.00 0.00 X-1 81743YAC1 SEN 0.97645% 0.00 61,964.92 0.00 0.00 X-2 81743YAD9 SEN 1.18160% 0.00 359,504.82 0.00 0.00 -------------- ------------ ------------ ------- Totals 455,657,008.05 1,003,403.62 6,501,002.05 0.00 ============== ============ ============ ======= Ending Certificate Total Cumulative Class Balance Distribution Realized Loss - ---------- -------------- --------------- -------------- A 426,645,507.29 7,038,374.44 0.00 A-R 0.00 0.00 0.00 B-1 8,080,000.00 12,784.92 0.00 B-2 5,771,000.00 12,707.99 0.00 B-3 3,463,000.00 7,625.67 0.00 B-4 1,442,000.00 3,175.34 0.00 B-5 1,154,000.00 2,541.16 0.00 B-6 2,600,498.71 5,726.41 0.00 X-1 0.00 61,964.92 0.00 X-2 0.00 359,504.82 0.00 -------------- ------------- --------- Totals 449,156,006.00 7,504,405.67 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 554,686,000.00 433,146,509.34 0.84 6,501,001.21 0.00 0.00 6,501,002.05 A-R 100.00 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 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 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 -------------- -------------- -------- ------------ ------- ------ ------------- Totals 577,196,698.71 455,657,008.05 0.84 6,501,001.21 0.00 0.00 6,501,002.05 ============== ============== ======== ============ ======= ====== ============= Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ------------ ------------------ ----------------- --------------- A 426,645,507.29 0.76916581 6,501,002.05 A-R 0.00 0.00000000 0.00 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 0.00 X-2 0.00 0.00000000 0.00 ----------------- -------------- ------------- Totals 449,156,006.00 0.77816801 6,501,002.05 ================= ============== =============
(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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ---------- --------------- ---------------- ------------ -------------- ------------ ------------ --------------- A 554,686,000.00 780.88595952 0.00000151 11.72014655 0.00000000 0.00000000 11.72014807 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 Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ---------- ------------------ ------------------ --------------- A 769.16581145 0.76916581 11.72014807 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 Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall - ---------- ---------------- ---------------- -------------- -------------- ------------ ----------- ------------ A 554,686,000.00 1.48875% 433,146,509.34 537,372.39 0.00 0.00 0.00 A-R 100.00 3.50779% 0.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 1.89875% 8,080,000.00 12,784.92 0.00 0.00 0.00 B-2 5,771,000.00 2.64245% 5,771,000.00 12,707.99 0.00 0.00 0.00 B-3 3,463,000.00 2.64245% 3,463,000.00 7,625.67 0.00 0.00 0.00 B-4 1,442,000.00 2.64245% 1,442,000.00 3,175.34 0.00 0.00 0.00 B-5 1,154,000.00 2.64245% 1,154,000.00 2,541.16 0.00 0.00 0.00 B-6 2,600,498.71 2.64245% 2,600,498.71 5,726.41 0.00 0.00 0.00 X-1 50.00 0.97645% 76,146,218.89 61,960.86 0.00 0.00 0.00 X-2 50.00 1.18160% 365,080,290.45 359,481.24 0.00 0.00 0.00 -------------- ------------ ------ ----- ------ Totals 577,196,698.71 1,003,375.98 0.00 0.00 0.00 ============== ============ ====== ===== ======= Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ---------- --------- -------------- ------------ --------------- A 0.00 537,372.39 0.00 426,645,507.29 A-R 0.00 0.00 0.00 0.00 B-1 0.00 12,784.92 0.00 8,080,000.00 B-2 0.00 12,707.99 0.00 5,771,000.00 B-3 0.00 7,625.67 0.00 3,463,000.00 B-4 0.00 3,175.34 0.00 1,442,000.00 B-5 0.00 2,541.16 0.00 1,154,000.00 B-6 0.00 5,726.41 0.00 2,600,498.71 X-1 0.00 61,964.92 0.00 75,811,259.13 X-2 0.00 359,504.82 0.00 358,914,248.16 ----- ------------ ----- Totals 0.00 1,003,403.62 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 Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - -------- -------------- ----------- ----------------- --------------- ----------- ------------ ----------- ------------ A 554,686,000.00 1.48875% 780.88595952 0.96878665 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.50779% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1.89875% 1000.00000000 1.58229208 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 2.64245% 1000.00000000 2.20204297 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 2.64245% 1000.00000000 2.20204158 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 2.64245% 1000.00000000 2.20203883 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 2.64245% 1000.00000000 2.20204506 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 2.64245% 1000.00000000 2.20204301 0.00000000 0.00000000 0.00000000 0.00000000 X-1 50.00 0.97645% 1522924.37780000 1239.21720000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 50.00 1.18160% 7301605.80900000 7189.62480000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - -------- --------------- ---------- ------------------- A 0.96878665 0.00000000 769.16581145 A-R 0.00000000 0.00000000 0.00000000 B-1 1.58229208 0.00000000 1000.00000000 B-2 2.20204297 0.00000000 1000.00000000 B-3 2.20204158 0.00000000 1000.00000000 B-4 2.20203883 0.00000000 1000.00000000 B-5 2.20204506 0.00000000 1000.00000000 B-6 2.20204301 0.00000000 1000.00000000 X-1 1239.29840000 0.00000000 1516225.18260000 X-2 7190.09640000 0.00000000 ###-###-####.96320000
(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 7,650,051.31 Liquidations, Insurance Proceeds, Reserve Funds 27.64 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 952.24 Realized Losses 0.00 Prepayment Penalties 0.00 ------------------- Total Deposits 7,651,031.19 Withdrawals Reimbursement for Servicer Advances 295.99 Payment of Service Fee 146,329.53 Payment of Interest and Principal 7,504,405.67 ------------------- Total Withdrawals (Pool Distribution Amount) 7,651,031.19 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 142,532.38 Master Servicing Fee 3,797.15 Supported Prepayment/Curtailment Interest Shortfall 0.00 ----------------- Net Servicing Fee 146,329.53 =================
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance --------------------------------- ------------ ----------- -------- -------- Basis Risk Reserve Fund - X-1 1,512.56 4.06 4.18 1,512.56 Basis Risk Reserve Fund - X-2 8,487.44 23.58 23.46 8,487.44
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 2 449,550.97 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 ------ ----------- ----- --------- ----- --------- 2 449,550.97 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 2 449,550.97 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 2 449,550.97
No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.159617% 0.100089% 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% --------- --------- --------- --------- --------- --------- 0.159617% 0.100089% 0.000000% 0.000000% 0.000000% 0.000000% No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.159617% 0.100089% 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% 0.159617% 0.100089%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 952.24
Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.02232209% Fraud 17,315,901.00 3.00000001% 10,161,109.97 2.26226742% Special Hazard 5,771,967.00 1.00000000% 4,700,000.00 1.04640703%
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 1 300,000.00 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 ------ ----------- ------ --------- ------ --------- 1 300,000.00 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 1 300,000.00 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 1 300,000.00
No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.495050% 0.383005% 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% --------- --------- --------- --------- --------- --------- 0.495050% 0.383005% 0.000000% 0.000000% 0.000000% 0.000000% No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.495050% 0.383005% 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% 0.495050% 0.383005%
SIX-MONTH LIBOR
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 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 No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.095147% 0.040329% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days --------- ---------- --------- --------- --------- --------- 0.095147% 0.040329% 0.000000% 0.000000% 0.000000% 0.000000% No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.095147% 0.040329% 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% 0.095147% 0.040329%
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 3.027818% Weighted Average Net Coupon 2.652451% Weighted Average Pass-Through Rate 2.642451% Weighted Average Maturity (Stepdown Calculation) 340 Beginning Scheduled Collateral Loan Count 1,269 Number of Loans Paid in Full 16 Ending Scheduled Collateral Loan Count 1,253 Beginning Scheduled Collateral Balance 455,657,008.05 Ending Scheduled Collateral Balance 449,156,006.00 Ending Actual Collateral Balance at 31-Dec-2003 449,152,846.17 Monthly P&I Constant 1,149,706.32 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 0.84 Unscheduled Principal 6,501,001.21
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.059771% 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 2.857709 3.063299 3.027818 Weighted Average Net Rate 2.482709 2.687854 2.652451 Pass-Through Rate 2.472709 2.677854 2.642451 Weighted Average Maturity 300 301 340 Record Date 12/31/2003 12/31/2003 12/31/203 Principal and Interest Constant 187,267.12 962,439.20 1,149,706.32 Beginning Loan Count 204 1,065 1,269 Loans Paid in Full 2 14 16 Ending Loan Count 202 1,051 1,253 Beginning Scheduled Balance 78,636,613.03 377,020,395.02 455,657,008.05 Ending Scheduled Balance 78,327,776.47 370,828,229.53 449,156,006.00 Scheduled Principal 0.00 0.84 0.84 Unscheduled Principal 308,836.56 6,192,164.65 6,501,001.21 Scheduled Interest 187,267.12 962,438.36 1,149,705.48 Servicing Fee 24,573.94 117,958.44 142,532.38 Master Servicing Fee 655.32 3,141.83 3,797.15 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 162,037.86 841,338.09 1,003,375.95 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