Monthly Payment Date Statement relating to the distribution to Certificateholders, September 20, 2002
EX-10.1 3 f84669exv10w1.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 2002-9 RECORD DATE: AUGUST 30, 2002 DISTRIBUTION DATE: SEPTEMBER 20, 2002 CERTIFICATEHOLDER DISTRIBUTION SUMMARY Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ------ ---------- ----------- ----------------- -------------- ------------ 1A 81743SAA8 SEN 2.16125% 381,698,000.00 527,035.64 2A 81743SAB6 SEN 3.58043% 168,875,000.00 503,870.97 X-1A 81743SAC4 IO 0.76174% 0.00 129,346.98 X-1B 81743SAD2 IO 0.86954% 0.00 128,926.01 A-R 81743SAF7 SEN 2.97309% 100.00 164,191.05 B-1 81743SAG5 SUB 2.56125% 7,702,000.00 12,603.20 X-B 81743SAE0 IO 0.59813% 0.00 3,839.53 B-2 81743SAH3 SUB 3.15938% 4,564,000.00 12,016.16 B-3 81743SAJ9 SUB 3.15938% 3,424,000.00 9,014.75 B-4 SMT0209B4 SUB 3.15938% 1,426,000.00 3,754.39 B-5 SMR0209B5 SUB 3.15938% 856,000.00 2,253.69 B-6 SMT0209B6 SUB 3.15938% 1,997,086.78 5,257.96 LTR SMT0209LTR SUB 0.00000% 0.00 0.00 - ------ ---------- ----------- ----------------- -------------- ------------ Totals 570,533,186.78 1,502,110.33 - ------ ---------- ----------- ----------------- -------------- ------------
Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------ ------------- -------------- ------------ ------------- 1A 1,073,550.77 0.00 380,615,449.23 1,600,586.41 0.00 2A 2,832,498.94 0.00 166,042,501.06 3,336,369.91 0.00 X-1A 0.00 0.00 0.00 129,346.98 0.00 X-1B 0.00 0.00 0.00 128,926.01 0.00 A-R 100.00 0.00 0.00 164,291.05 0.00 B-1 0.00 0.00 7,702,000.00 12,603.20 0.00 X-B 0.00 0.00 0.00 3,839.53 0.00 B-2 0.00 0.00 4,564,000.00 12,016.16 0.00 B-3 0.00 0.00 3,424,000.00 9,014.75 0.00 B-4 0.00 0.00 1,426,000.00 3,754.39 0.00 B-5 0.00 0.00 856,000.00 2,253.69 0.00 B-6 0.00 0.00 1,997,086.78 5,257.96 0.00 LTR 0.00 0.00 0.00 0.00 0.00 - ------ ------------ ------------- -------------- ------------ ------------- Totals 3,906,149.71 0.00 566,627,037.07 5,408,260.04 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 Class Amount Balance Distribution Distribution Accretion ----- -------------- -------------- ------------ ------------ --------- 1A 381,698,000.00 381,698,000.00 0.00 1,073,550.77 0.00 2A 168,875,000.00 168,875,000.00 0.00 2,832,498.94 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 A-R 100.00 100.00 0.00 100.00 0.00 B-1 7,702,000.00 7,702,000.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 B-2 4,564,000.00 4,564,000.00 0.00 0.00 0.00 B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 B-5 856,000.00 856,000.00 0.00 0.00 0.00 B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 LTR 0.00 0.00 0.00 0.00 0.00 - ------ -------------- -------------- ---- ------------ ---- Totals 570,533,186.78 570,533,186.78 0.00 3,906,149.71 0.00 - ------ -------------- -------------- ---- ------------ ----
Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution ----- -------- ------------ ------------------ ------------------ --------------- 1A 0.00 1,073,550.77 380,615,449.23 0.99718737 1,073,550.77 2A 0.00 2,832,498.94 166,042,501.06 0.98322725 2,832,498.94 X-1A 0.00 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00 0.00000000 0.00 A-R 0.00 100.00 0.00 0.00000000 100.00 B-1 0.00 0.00 7,702,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-2 0.00 0.00 4,564,000.00 1.00000000 0.00 B-3 0.00 0.00 3,424,000.00 1.00000000 0.00 B-4 0.00 0.00 1,426,000.00 1.00000000 0.00 B-5 0.00 0.00 856,000.00 1.00000000 0.00 B-6 0.00 0.00 1,997,086.78 1.00000000 0.00 LTR 0.00 0.00 0.00 0.00000000 0.00 - ------ ---- ------------ -------------- ---------- ------------ Totals 0.00 3,906,149.71 566,627,037.07 0.99315351 3,906,149.71 - ------ ---- ------------ -------------- ---------- ------------
(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 ---- -------------- ------------- ------------ ------------- ---------- 1A 381,698,000.00 1000.00000000 0.00000000 2.81263220 0.00000000 2A 168,875,000.00 1000.00000000 0.00000000 16.77275464 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000 B-1 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 LTR 0.00 0.00000000 0.00000000 0.00000000 0.00000000 ---- -------------- ------------- ---------- ------------- ----------
Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution ---- ---------- --------------- ------------------ ------------------ --------------- 1A 0.00000000 2.81263220 997.18736780 0.99718737 2.81263220 2A 0.00000000 16.77275464 983.22724536 0.98322725 16.77275464 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 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 LTR 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 Beginning Payment of Certificate/ Current Unpaid Original Face Current Notional Accrued Interest Class Amount Certificate Rate Balance Interest Shortfall ------ -------------- ---------------- -------------- ------------ ---------- 1A 381,698,000.00 2.16125% 381,698,000.00 527,035.64 0.00 2A 168,875,000.00 3.58043% 168,875,000.00 503,870.97 0.00 X-1A 0.00 0.76174% 0.00 129,346.70 0.00 X-1B 0.00 0.86954% 0.00 128,925.74 0.00 A-R 100.00 2.97309% 100.00 0.25 0.00 B-1 7,702,000.00 2.56125% 7,702,000.00 12,603.20 0.00 X-B 0.00 0.59813% 0.00 3,838.97 0.00 B-2 4,564,000.00 3.15938% 4,564,000.00 12,016.16 0.00 B-3 3,424,000.00 3.15938% 3,424,000.00 9,014.75 0.00 B-4 1,426,000.00 3.15938% 1,426,000.00 3,754.39 0.00 B-5 856,000.00 3.15938% 856,000.00 2,253.69 0.00 B-6 1,997,086.78 3.15938% 1,997,086.78 5,257.96 0.00 LTR 0.00 0.00000% 0.00 0.00 0.00 ------ -------------- ------- -------------- ------------ ---- Totals 570,533,186.78 570,533,186.78 1,337,918.42 0.00 ------ -------------- ------- -------------- ------------ ----
Non- Remaining Ending Current Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance ------ --------- --------- -------- --------------- --------- -------------- 1A 0.00 0.00 0.00 527,035.64 0.00 380,615,449.23 2A 0.00 0.00 0.00 503,870.97 0.00 166,042,501.06 X-1A 0.00 0.00 0.00 129,346.98 0.00 204,151,099.33 X-1B 0.00 0.00 0.00 128,926.01 0.00 176,464,349.90 A-R 0.00 0.00 0.00 164,191.05 0.00 0.00 B-1 0.00 0.00 0.00 12,603.20 0.00 7,702,000.00 X-B 0.00 0.00 0.00 3,839.53 0.00 7,702,000.00 B-2 0.00 0.00 0.00 12,016.16 0.00 4,564,000.00 B-3 0.00 0.00 0.00 9,014.75 0.00 3,424,000.00 B-4 0.00 0.00 0.00 3,754.39 0.00 1,426,000.00 B-5 0.00 0.00 0.00 2,253.69 0.00 856,000.00 B-6 0.00 0.00 0.00 5,257.96 0.00 1,997,086.78 LTR 0.00 0.00 0.00 0.00 0.00 0.00 ------ ---- ---- ---- ------------ ---- -------------- Totals 0.00 0.00 0.00 1,502,110.33 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 Beginning Payment of Certificate/ Current Unpaid Class Original Face Current Notional Accrued Interest (5) Amount Certificate Rate Balance Interest Shortfall ----- -------------- ---------------- ------------- ---------- ---------- 1A 381,698,000.00 2.16125% 1000.00000000 1.38079861 0.00000000 2A 168,875,000.00 3.58043% 1000.00000000 2.98369190 0.00000000 X-1A 0.00 0.76174% 1000.00000000 0.63477918 0.00000000 X-1B 0.00 0.86954% 1000.00000000 0.72461720 0.00000000 A-R 100.00 2.97309% 1000.00000000 2.50000000 0.00000000 B-1 7,702,000.00 2.56125% 1000.00000000 1.63635419 0.00000000 X-B 0.00 0.59813% 1000.00000000 0.49843807 0.00000000 B-2 4,564,000.00 3.15938% 1000.00000000 2.63281332 0.00000000 B-3 3,424,000.00 3.15938% 1000.00000000 2.63281250 0.00000000 B-4 1,426,000.00 3.15938% 1000.00000000 2.63281206 0.00000000 B-5 856,000.00 3.15938% 1000.00000000 2.63281542 0.00000000 B-6 1,997,086.78 3.15938% 1000.00000000 2.63281498 0.00000000 LTR 0.00 0.00000% 0.000000000 0.00000000 0.00000000 ---- -------------- ------- ------------- ---------- ----------
Non- Remaining Current Supported Unpaid Class Interest Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Shortfall Loss (6) Distribution Shortfall Notational Balance ----- ---------- ---------- ---------- -------------- ---------- ------------------- 1A 0.00000000 0.00000000 0.00000000 1.38079861 0.00000000 997.18736780 2A 0.00000000 0.00000000 0.00000000 2.98369190 0.00000000 983.22724536 X-1A 0.00000000 0.00000000 0.00000000 0.63477918 0.00000000 1001.88769481 X-1B 0.00000000 0.00000000 0.00000000 0.72461720 0.00000000 991.80430112 A-R 0.00000000 0.00000000 0.00000000 41910.50000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 0.00000000 1.63635419 0.00000000 1000.00000000 X-B 0.00000000 0.00000000 0.00000000 0.49843807 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 0.00000000 2.63281332 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 0.00000000 2.63281250 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 0.00000000 2.63281206 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 0.00000000 2.63281542 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 0.00000000 2.63281498 0.00000000 1000.00000000 LTR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ---- ---------- ---------- ---------- -------------- ---------- -------------
(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 5,541,861.26 Liquidations, Insurance Proceeds, Reserve Funds 1.11 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3,594.43 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 5,545,456.80 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 137,196.76 Payment of Interest and Principal 5,408,260.04 ------------ Total Withdrawals (Pool Distribution Amount) 5,545,456.80 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 133,986.34 Master Servicing Fee 3,210.42 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 137,196.76 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- ------- X-1 Basis Risk Reserve Fund 5,000.00 0.55 0.55 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 0.56 0.56 5,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------ ------ --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 3 1,168,100.00 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 ------ ------------ ------ --------- ------ --------- 3 1,168,100.00 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- -------- -------- -------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.267857% 0.275397% 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% -------- -------- -------- -------- -------- -------- 0.267857% 0.275397% 0.000000% 0.000000% 0.000000% 0.000000% Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00
REO TOTAL - ------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 3 1,168,100.00 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 3 1,168,100.00
No. of Principal No. of Principal Loans Balance Loans Balance -------- -------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.267857% 0.275397% 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% 0.267857% 0.275397% 0.00 Periodic Advance 3,594.43
Original $ Original % Current $ Current % Current Class % Prepayment % -------------- ----------- -------------- ------------ --------------- ------------- Class A 570,533.086.78 99.99998247% 566,627,037.07 133.59114301% 128.833120% 0.00000% Class 1A 188,844,086.78 33.09957968% 186,011,587.84 43.85512693% 89.736016% 1,906.023312% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 4.70802301% 39.147104% 831.497719% Class B-1 12,267,068.78 2.15010924% 12,267,086.78 2.89215663% 1.815866% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.81612260% 1.076034% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 1.00886131% 0.807261% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.67265961% 0.336202% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.47084429% 0.201815% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.470844% 10.000892% Class LTR 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
Please refer to the prospectus supplement for a full description of loss exposure Original $ Original % Current $ Current % ------------- ---------- ------------- ---------- Bankruptcy 100,000.00 0.01752746% 100,000.00 0.02357656% Fraud 17,115,996.00 3.00000007% 17,115,996.00 4.03536245% Special Hazard 6,000,000.00 1.05164785% 6,000,000.00 1.41459338%
Limit of subordinate's exposure to certain types of losses DELINQUENCY STATUS BY GROUP GROUP 1 DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- --------------------------------- ---------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- ---------- -------- --------- -------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 1 103,500.00 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 -------- ---------- -------- --------- -------- --------- 1 103,500.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- -------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.146843% 0.038139% 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% -------- -------- -------- --------- -------- --------- 0.146843% 0.038139% 0.000000% 0.000000% 0.000000% 0.000000% -------- -------- -------- --------- -------- ---------
REO TOTAL - --------------------------------- ---------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- ---------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0. 0.00 30 Days 1 103,500.00 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 1 103,500.00 No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- ---------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.146843% 0.038139% 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% 0.146843% 0.038139% -------- --------- -------- ----------
GROUP 2 DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------ --------------------------------- --------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 2 1,064,600.00 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 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.455581% 0.696845% 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% -------- --------- -------- -------- -------- -------- 0.455581% 0.696845% 0.000000% 0.000000% 0.000000% 0.000000% -------- --------- -------- -------- -------- --------
REO TOTAL - ----------------------------------- ---------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- ---------- -------- ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 2 1,064,600.00 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 2 1,064,600.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.455581% 0.696845% 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% 0.45581% 0.696845% -------- ---------- -------- ------------
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.797553% Weighted Average Net Coupon 3.421937% Weighted Average Pass-Through Rate 3.412935% Weighted Average Maturity (Stepdown Calculation) 332 Beginning Scheduled Collateral Loan Count 1,128 Number of Loans Paid in Full 8 Ending Scheduled Collateral Loan Count 1,120 Beginning Scheduled Collateral Balance 570,533,186.78 Ending Scheduled Collateral Balance 424,150,152.71 Ending Actual Collateral Balance at 30-Aug-2002 424,151,754.38 Monthly P&I Constant 1,354,638.64 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,195,329.01 Ending Scheduled Balance for Premium Loans 566,627,037.78 Scheduled Principal 0.00 Unscheduled Principal 3,906,149.71
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.49992546% Senior Percentage 100.00000000% Senior Prepay Percentage 100.00000000% Subordinate Percentage 0.00000000% Subordinate Prepayment Percentage 0.00000000%
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.676815 4.008953 3.797553 Weighted Average Net Rate 3.300851 3.633953 3.412937 Pass-Through Rate 3.281847 3.624948 3.412935 Weighted Average Maturity 316 358 332 Record Date 08/30/2002 08/30/2002 08/30/2002 Principal and Interest Constant 683 445 1,128 Beginning Loan Count 2 6 8 Loans Paid in Full 681 439 1,120 Ending Loan Count 272,450,861.12 155,605,441.30 428,056,302.42 Beginning Scheduled Balance 271,377,210.35 152,772,942.36 424,150,152.71 Ending Scheduled Balance 0.00 0.00 0.00 Scheduled Principal 1,073,650.77 2,832,498.94 3,906,149.71 Unscheduled Principal 834,792.83 519,845.81 1,354,638.64 Scheduled Interest 85,359.64 48,626.70 133,986.34 Servicing Fee 2,043.38 1,167.04 3,210.42 Master Servicing Fee 0.00 0.00 0.00 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 747,389.81 470,052.07 1,217,441.88 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
MISCELLANEOUS REPORTING Group 1 One Month LIBOR Loans 211,576,666.37 Six Month LIBOR Loans 182,882,869.65
