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

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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 payments made to certificateholders as of the December 22, 2003 distribution date, based on the Pooling and Servicing Agreement. The statement details the amounts distributed to each class of certificates, the remaining balances, and any realized losses. No interest shortfalls or realized losses are reported for this period. The report is intended for certificateholders and provides transparency on trust performance and payments.

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EX-10.1 3 f95562cexv10w1.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: NOVEMBER 28, 2003 DISTRIBUTION DATE: DECEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ----- ----- ----------- ------------ ------- ------------ A 81743YAA5 SEN 1.46000% 436,160,825.58 530,662.34 A-R SMT0207AR SEN 3.50878% 0.00 0.00 B-1 81743YAE7 SUB 1.87000% 8,080,000.00 12,591.33 B-2 81743YAF4 SUB 2.64392% 5,771,000.00 12,715.04 B-3 81743YAG2 SUB 2.64392% 3,463,000.00 7,629.90 B-4 SMT0207B4 SUB 2.64392% 1,442,000.00 3,177.11 B-5 SMT0207B5 SUB 2.64392% 1,154,000.00 2,542.57 B-6 SMT0207B6 SUB 2.64392% 2,600,498.71 5,729.59 X-1 81743YAC1 SEN 1.00848% 0.00 64,574.82 X-2 81743YAD9 SEN 1.21159% 0.00 370,951.31 - ------ --------- --- ------- -------------- ------------ Totals 458,671,324.29 1,010,574.01 - ------ --------- --- ------- -------------- ------------ Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ----- ------------ ------------- -------------- ------------ ------------- A 3,014,316.24 0.00 433,146,509.34 3,544,978.58 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 8,080,000.00 12,591.33 0.00 B-2 0.00 0.00 5,771,000.00 12,715.04 0.00 B-3 0.00 0.00 3,463,000.00 7,629.90 0.00 B-4 0.00 0.00 1,442,000.00 3,177.11 0.00 B-5 0.00 0.00 1,154,000.00 2,542.57 0.00 B-6 0.00 0.00 2,600,498.71 5,729.59 0.00 X-1 0.00 0.00 0.00 64,574.82 0.00 X-2 0.00 0.00 0.00 370,951.31 0.00 - ------ ------------ ---- -------------- ------------ ---- Totals 3,014,316.24 0.00 455,657,008.05 4,024,890.25 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 554,686,000.00 436,160,825.58 484.32 3,013,831.92 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 577,196,698.71 458,671,324.29 484.32 3,013,831.92 0.00 0.00 - ------ -------------- -------------- ------ ------------ ---- ---- Ending Ending Total Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- -------------- ---------- --------------- A 3,014,316.24 433,146,509.34 0.78088596 3,014,316.24 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 3,014,316.24 455,657,008.05 0.78943107 3,014,316.24 - ------ ------------ -------------- ---------- ------------
(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 554,686,000.00 786.32023448 0.00087314 5.43340182 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 Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- ---------- ------------- ----------- ------------ A 5.43427496 780.88595952 0.78088596 5.43427496 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
Payment of Current Beginning Current Unpaid Current Non-Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Realized Class Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----- -------------- ----------- ---------------- -------- --------- --------- ------------- -------- A 554,686,000.00 1.46000% 436,160,825.58 530,662.34 0.00 0.00 0.00 0.00 A-R 100.00 3.50878% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 1.87000% 8,080,000.00 12,591.33 0.00 0.00 0.00 0.00 B-2 5,771,000.00 2.64392% 5,771,000.00 12,715.04 0.00 0.00 0.00 0.00 B-3 3,463,000.00 2.64392% 3,463,000.00 7,629.90 0.00 0.00 0.00 0.00 B-4 1,442,000.00 2.64392% 1,442,000.00 3,177.11 0.00 0.00 0.00 0.00 B-5 1,154,000.00 2.64392% 1,154,000.00 2,542.57 0.00 0.00 0.00 0.00 B-6 2,600,498.71 2.64392% 2,600,498.71 5,729.59 0.00 0.00 0.00 0.00 X-1 50.00 1.00848% 76,838,113.34 64,574.82 0.00 0.00 0.00 0.00 X-2 50.00 1.21159% 367,402,712.25 370,951.31 0.00 0.00 0.00 0.00 - ------ -------------- -------- -------------- ------------ ---- ---- ---- ---- Totals 577,196,698.71 1,010,574.01 0.00 0.00 0.00 0.00 - ------ -------------- -------- -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- ------------ --------- -------------- A 530,662.34 0.00 433,146,509.34 A-R 0.00 0.00 0.00 B-1 12,591.33 0.00 8,080,000.00 B-2 12,715.04 0.00 5,771,000.00 B-3 7,629.90 0.00 3,463,000.00 B-4 3,177.11 0.00 1,442,000.00 B-5 2,542.57 0.00 1,154,000.00 B-6 5,729.59 0.00 2,600,498.71 X-1 64,574.82 0.00 76,146,218.89 X-2 370,951.31 0.00 365,080,290.45 - ------ ------------ ---- -------------- Totals 1,010,574.01 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 1.46000% 786.32023448 0.95668962 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.50878% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1.87000% 1000.00000000 1.55833292 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 2.64392% 1000.00000000 2.20326460 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 2.64392% 1000.00000000 2.20326307 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 2.64392% 1000.00000000 2.20326630 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 2.64392% 1000.00000000 2.20326690 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 2.64392% 1000.00000000 2.20326585 0.00000000 0.00000000 0.00000000 0.00000000 X-1 50.00 1.00848% 1536762.26680000 1291.49640000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 50.00 1.21159% 7348054.24500000 7419.02620000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ----------- ------------------- A 0.95668962 0.00000000 780.88595952 A-R 0.00000000 0.00000000 0.00000000 B-1 1.55833292 0.00000000 1000.00000000 B-2 2.20326460 0.00000000 1000.00000000 B-3 2.20326307 0.00000000 1000.00000000 B-4 2.20326630 0.00000000 1000.00000000 B-5 2.20326690 0.00000000 1000.00000000 B-6 2.20326585 0.00000000 1000.00000000 X-1 1291.49640000 0.00000000 1522924.37780000 X-2 7419.02620000 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 4,172,252.21 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 295.99 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 4,172,548.20 Withdrawals Reimbursement for Servicer Advances 295.99 Payment of Service Fee 147,361.96 Payment of Interest and Principal 4,024,890.25 ------------ Total Withdrawals (Pool Distribution Amount) 4,172,548.20 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 143,539.71 Master Servicing Fee 3,822.25 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 147,361.96 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------- --------- ----------- -------- -------- Basis Risk Reserve Fund - X-1 1,512.56 0.00 0.00 1,512.56 Basis Risk Reserve Fund - X-2 8,487.44 0.00 0.00 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 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 0.078802% 0.032821% 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% -------------------- -------------------- -------------------- 0.078802% 0.032821% 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 0.078802% 0.032821% 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% 0.078802% 0.032821%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 295.99
Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.02200361% Fraud 17,315,901.00 3.00000001% 10,161,109.97 2.22999093% Special Hazard 5,771,967.00 1.00000000% 4,700,000.00 1.03147761%
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 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 0.093897% 0.039667% 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% ----------------------- ---------------------- ------------------------ 0.093897% 0.039667% 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 0.093897% 0.039667% 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% 0.093897% 0.039667%
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 3.029453% Weighted Average Net Coupon 2.653917% Weighted Average Pass-Through Rate 2.643917% Weighted Average Maturity (Stepdown Calculation) 341 Beginning Scheduled Collateral Loan Count 1,275 Number of Loans Paid in Full 6 Ending Scheduled Collateral Loan Count 1,269 Beginning Scheduled Collateral Balance 458,671,324.29 Ending Scheduled Collateral Balance 455,657,008.05 Ending Actual Collateral Balance at 28-Nov-2003 455,653,546.65 Monthly P&I Constant 1,158,420.30 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 484.32 Unscheduled Principal 3,013,831.92
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.092238% 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 2.860938 3.064696 3.029453 Weighted Average Net Rate 2.485938 2.689048 2.653917 Pass-Through Rate 2.475938 2.679048 2.643917 Weighted Average Maturity 301 302 341 Record Date 11/28/2003 11/28/2003 11/28/2003 Principal and Interest Constant 189,141.60 969,278.70 1,158,420.30 Beginning Loan Count 205 1,070 1,275 Loans Paid in Full 1 5 6 Ending Loan Count 204 1,065 1,269 Beginning Scheduled Balance 79,334,084.51 379,337,239.78 458,671,324.29 Ending Scheduled Balance 78,636,613.03 377,020,395.02 455,657,008.05 Scheduled Principal 0.00 484.32 484.32 Unscheduled Principal 697,471.48 2,316,360.44 3,013,831.92 Scheduled Interest 189,141.60 968,794.38 1,157,935.98 Servicing Fee 24,791.90 118,747.81 143,539.71 Master Servicing Fee 661.11 3,161.14 3,822.25 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 163,688.59 846,885.43 1,010,574.02 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