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EX-10.1 3 f93089bexv10w1.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 ###-###-#### FAX: (301) 315-6660 SMT SERIES 2002-8 RECORD DATE: JULY 31, 2003 DISTRIBUTION DATE: AUGUST 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Realized Class CUSIP Description Through Rate Balance Distribution Distribution Loss - ----------------------------------------------------------------------------------------------------------------------------- 1-A1 81743RAA0 SEN 1.23000% 0.00 0.00 0.00 0.00 1-A2 81743RAB8 SEN 3.45500% 54,458,762.74 156,795.85 6,705,126.00 0.00 2A 81743RAC6 SEN 1.40000% 415,010,990.85 484,179.49 9,317,096.11 0.00 3A 81743RAD4 SEN 2.98232% 42,114,456.93 104,665.50 1,030,473.27 0.00 X-1 81743RAE2 IO 1.81237% 0.00 82,249.51 0.00 0.00 X-2A 81743RAFf9 IO 1.29753% 0.00 184,450.99 0.00 0.00 X-2B 81743AFG7 IO 1.25553% 0.00 255,735.57 0.00 0.00 X-B 81743RAH5 IO 1.38546% 0.00 10,470.62 0.00 0.00 A-R 81743RAJ1 SEN 5.37281% 0.00 0.00 0.00 0.00 B-1 81743RAK8 SUB 1.77500% 9,069,000.00 13,414.56 0.00 0.00 B-2 81743RAL6 SUB 3.16046% 5,505,000.00 14,498.61 0.00 0.00 B-3 81743RAM4 SUB 3.16046% 3,886,000.00 10,234.62 0.00 0.00 B-4 SMT0208B4 SUB 3.16046% 1,618,000.00 4,261.35 0.00 0.00 B-5 SMT0208B5 SUB 3.16046% 970,000.00 2,554.71 0.00 0.00 B-6 SMT0208B6 SUB 3.16046% 2,306,324.82 6,074.21 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------- Totals 534,938,535.34 1,329,585.59 17,052,695.38 0.00 - -----------------------------------------------------------------------------------------------------------------------------
Ending Certificate Total Cumulative Class Balance Distribution Realized Loss - ----------------------------------------------------------------- 1-A1 0.00 0.00 0.00 1-A2 47,753,636.74 6,861,921.85 0.00 2A 405,693,894.74 9,801,275.60 0.00 3A 41,083,983.66 1,135,138.77 0.00 X-1 0.00 82,249.51 0.00 X-2A 0.00 184,450.99 0.00 X-2B 0.00 255,735.57 0.00 X-B 0.00 10,470.62 0.00 A-R 0.00 0.00 0.00 B-1 9,069,000.00 13,414.56 0.00 B-2 5,505,000.00 14,498.61 0.00 B-3 3,886,000.00 10,234.62 0.00 B-4 1,618,000.00 4,261.35 0.00 B-5 970,000.00 2,554.71 0.00 B-6 2,306,324.82 6,074.21 0.00 - ----------------------------------------------------------------- Totals 517,885,839.96 18,382,280.97 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 - -------------------------------------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 1-A2 61,468,000.00 54,458,762.74 0.00 6,705,126.00 0.00 0.00 6,705,126.00 2A 463,097,000.00 415,010,990.85 0.00 9,317,096.11 0.00 0.00 9,317,096.11 3A 49,973,000.00 42,114,456.93 0.00 1,030,473.27 0.00 0.00 1,030,473.27 X-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 9,069,000.00 9,069,000.00 0.00 0.00 0.00 0.00 0.00 B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 0.00 0.00 B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 0.00 0.00 B-5 970,000.00 970,000.00 0.00 0.00 0.00 0.00 0.00 B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 0.00 0.00 - -------------------------------------------------------------------------------------------------------------------------- Totals 647,892,424.82 534,938,535.34 0.00 17,052,695.38 0.00 0.00 17,052,695.38 - --------------------------------------------------------------------------------------------------------------------------
Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ------------------------------------------------------------------------ 1-A1 0.00 0.00000000 0.00 1-A2 47,753,636.74 0.77688613 6,705,126.00 2A 405,693,894.74 0.87604518 9,317,096.11 3A 41,083,983.66 0.82212362 1,030,473.27 X-1 0.00 0.00000000 0.00 X-2A 0.00 0.00000000 0.00 X-2B 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 9,069,000.00 1.00000000 0.00 B-2 5,505,000.00 1.00000000 0.00 B-3 3,886,000.00 1.00000000 0.00 B-4 1,618,000.00 1.00000000 0.00 B-5 970,000.00 1.00000000 0.00 B-6 2,306,324.82 1.00000000 0.00 - ------------------------------------------------------------------------ Totals 517,885,839.96 0.79933924 17,052,695.38 - ------------------------------------------------------------------------
(1) Amouoes 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 - ------------------------------------------------------------------------------------------------------------------------ 1-A1 50,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 885.96932941 0.00000000 109.08319776 0.00000000 0.00000000 109.08319776 2A 463,097,000.00 896.16428275 0.00000000 20.11910271 0.00000000 0.00000000 20.11910271 3A 49,973,000.00 842.74422048 0.00000000 20.62060052 0.00000000 0.00000000 20.62060052 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------------------
Ending Certificate Ending Certificate Total Principal Balance Percentage Distribution - -------------------------------------------------------------- 0.00000000 0.00000000 0.00000000 776.88613165 0.77688613 109.08319776 876.04518004 0.87604518 20.11910271 822.12361995 0.82212362 20.62060052 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 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 - ------------------------------------------------------------------------------------------------------------------------ 1-A1 50,000,000.00 1.23000% 0.00 0.00 0.00 0.00 0.00 1-A2 61,468,000.00 3.45500% 54,458,762.74 156,795.85 0.00 0.00 0.00 2A 463,097,000.00 1.40000% 415,010,990.85 484,179.49 0.00 0.00 0.00 3A 49,973,000.00 2.98232% 42,114,456.93 104,665.50 0.00 0.00 0.00 X-1 0.00 1.81237% 54,458,762.74 82,249.51 0.00 0.00 0.00 X-2A 0.00 1.29753% 170,586,004.64 184,450.99 0.00 0.00 0.00 X-2B 0.00 1.25553% 244,424,986.21 255,735.57 0.00 0.00 0.00 X-B 0.00 1.38546% 9,069,000.00 10,470.62 0.00 0.00 0.00 A-R 100.00 5.37281% 0.00 0.00 0.00 0.00 0.00 B-1 9,069,000.00 1.77500% 9,069,000.00 13,414.56 0.00 0.00 0.00 B-2 5,505,000.00 3.16046% 5,505,000.00 14,498.61 0.00 0.00 0.00 B-3 3,886,000.00 3.16046% 3,886,000.00 10,234.62 0.00 0.00 0.00 B-4 1,618,000.00 3.16046% 1,618,000.00 4,261.35 0.00 0.00 0.00 B-5 970,000.00 3.16046% 970,000.00 2,554.71 0.00 0.00 0.00 B-6 2,306,324.82 3.16046% 2,306,324.82 6,074.21 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------ Totals 647,892,424.82 1,329,585.59 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------
Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - -------------------------------------------------------------------------- 1-A1 0.00 0.00 0.00 0.00 1-A2 0.00 156,795.85 0.00 47,753,636.74 2A 0.00 484,179.49 0.00 405,693,894.74 3A 0.00 104,665.50 0.00 41,083,983.66 X-1 0.00 82,249.51 0.00 47,753,636.74 X-2A 0.00 184,450.99 0.00 167,214,398.87 X-2B 0.00 255,735.57 0.00 238,479,495.87 X-B 0.00 10,470.62 0.00 9,069,000.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 13,414.56 0.00 9,069,000.00 B-2 0.00 14,498.61 0.00 5,505,000.00 B-3 0.00 10,234.62 0.00 3,886,000.00 B-4 0.00 4,261.35 0.00 1,618,000.00 B-5 0.00 2,554.71 0.00 970,000.00 B-6 0.00 6,074.21 0.00 2,306,324.82 - -------------------------------------------------------------------------- Totals 0.00 1,329,585.59 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 Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ---------------------------------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 1.23000% 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 3.45500% 885.96932941 2.55085329 0.00000000 0.00000000 2A 463,097,000.00 1.40000% 896.16428275 1.04552500 0.00000000 0.00000000 3A 49,973,000.00 2.98232% 842.74422048 2.09444100 0.00000000 0.00000000 X-1 0.00 1.81237% 488.55961119 0.73787553 0.00000000 0.00000000 X-2A 0.00 1.29753% 905.61540749 0.97922253 0.00000000 0.00000000 X-2B 0.00 1.25553% 889.68430641 0.93085378 0.00000000 0.00000000 X-B 0.00 1.38546% 1000.00000000 1.15455067 0.00000000 0.00000000 A-R 100.00 5.37281% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1.77500% 1000.00000000 1.47916639 0.00000000 0.00000000 B-2 5,505,000.00 3.16046% 1000.00000000 2.63371662 0.00000000 0.00000000 B-3 3,886,000.00 3.16046% 1000.00000000 2.63371590 0.00000000 0.00000000 B-4 1,618,000.00 3.16046% 1000.00000000 2.63371446 0.00000000 0.00000000 B-5 970,000.00 3.16046% 1000.00000000 2.63372165 0.00000000 0.00000000 B-6 2,306,324.82 3.16046% 1000.00000000 2.63371835 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------------------------------------
Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - ---------------------------------------------------------------------------------------------------- 1-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 0.00000000 0.00000000 2.55085329 0.00000000 776.88613165 2A 0.00000000 0.00000000 1.04552500 0.00000000 876.04518004 3A 0.00000000 0.00000000 2.09444100 0.00000000 822.12361995 X-1 0.00000000 0.00000000 0.73787553 0.00000000 428.40668838 X-2A 0.00000000 0.00000000 0.97922253 0.00000000 887.71606023 X-2B 0.00000000 0.00000000 0.93085378 0.00000000 868.04327236 X-B 0.00000000 0.00000000 1.15455067 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.47916639 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.63371662 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.63371590 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.63371446 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.63372165 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.63371835 0.00000000 1000.00000000
(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 18,535,491.92 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 16,691.81 Realized Losses 0.00 Prepayment Penalties 0.00 -------------- Total Deposits 18,552,183.73 Withdrawals Reimbursement for Servicer Advances 290.00 Payment of Service Fee 169,612.76 Payment of Interest and Principal 18,382,280.97 -------------- Total Withdrawals (Pool Distribution Amount) 18,552,183.73 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 165,600.71 Master Servicing Fee 4,012.05 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 169,612.76 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------------- Class X-1 Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00 Class X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-B Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00
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 20 7,039,621.51 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 1 115,986.27 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 ---- ------------ -- ------- 21 7,155,607.78 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 1.463058% 1.359316% 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 0.073153% 0.022396% 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% -------- -------- -------- -------- -------- -------- 1.536211% 1.381713% 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 20 7,039,621.51 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 115,986.27 120 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 21 7,155,607.78
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 1.463058% 1.359316% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.073153% 0.022396% 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% 1.536211% 1.381713%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00
Periodic Advance 16,691.81
Original $ Original% Current $ Current % Current Class % Prepayment % -------------- ----------- -------------- ------------ ------------- ------------ Class A 647,892,324.82 99.99998457% 517,885,839.96 100.00000000% 95.490449% 0.000000% Class 1-A-1 597,892.324.82 92.28265402% 517,885,839.96 100.00000000% 0.000000% 0.000000% Class 1-A-2 536,424,324.82 82.79527654% 470,132,203.22 90.77911905% 9.220881% 204.474491% Class 2A 73,327,324.82 11.31782407% 64,438,308.48 12.44257006% 78.336549% 1,737.125341% Class 3A 23,354,324.82 3.60466089% 23,354,324.82 4.50955076% 7.933019% 175.915956% Class X-1 23,354,324.82 3.60466089% 23,354,324.82 4.50955076% 0.000000% 0.000000% Class B-1 14,285,324.82 2.20489147% 14,285,324.82 2.75839263% 1.751158% 38.832208% Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.69541705% 1.062976% 23.571651% Class B-3 4,894,324.82 0.75542245% 4,894,324.82 0.94505863% 0.750358% 16.639316% Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.63263456% 0.312424% 6.928053% Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.44533460% 0.187300% 4.153406% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.445335% 9.875365%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 126,045.00 0.01945462% 126,045.00 0.02433838% Fraud 19,436,773.00 3.00000004% 19,436,773.00 3.75309991% Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 2.99284105%
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 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 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 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 0-29 Days 0 0.00 0-29 Days 0 0.00 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 0-29 Days 0.000000% 0.000000% 0-29 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% 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%
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 16 5,677,841.18 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 ---------------------- ------------------- -------------------- 16 5,677,841.18 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 1.414677% 1.342330% 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% --------------------- ---------------------- ---------------------- 1.414677% 1.342330% 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 16 5,677,841.18 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 16 5,677,841.18
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 1.414677% 1.342330% 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% 1.414677% 1.342330%
Group 3
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 4 1,361,780.33 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 1 115,986.27 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 --------------------- ---------------- ---------------- 5 1,477,766.60 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 3.100775% 3.168514% 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 0.775194% 0.269870% 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% -------------------- --------------------- ---------------------- 3.875969% 3.438384% 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 4 1,361,780.33 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 115,986.27 120 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 5 1,477,766.60
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 3.100775% 3.168514% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.775194% 0.269870% 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% 3.875969% 3.438384%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.363074% Weighted Average Net Coupon 2.991591% Weighted Average Pass-Through Rate 2.982591% Weighted Average Maturity (Stepdown Calculation) 319 Beginning Scheduled Collateral Loan Count 1,404 Number of Loans Paid in Full 37 Ending Scheduled Collateral Loan Count 1,367 Beginning Scheduled Collateral Balance 534,938,535.34 Ending Scheduled Collateral Balance 517,885.839.96 Ending Actual Collateral Balance at 31-July-2003 517,879,530.73 Monthly P&I Constant 1,499,198.34 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 18,320,772.29 Ending Scheduled Balance for Premium Loans 517,885,839.96 Scheduled Principal 0.00 Unscheduled Principal 17,052,695.38
MISCELLANEOUS REPORTING One Month Libor Loan Balance 174,342,483.67 Six Month Libor Loan Balance - POOL 1 51,916,919.63 Six Month Libor Loan Balance - POOL 2 248,645,498.81 Six Month Libor Loan Balance - POOL 3 42,980,937.85 Pro Rata Senior Percent 95.634204% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 3 TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.526370 3.069394 3.366316 3.363074 Weighted Average Net Rate 5.276370 2.681795 2.991315 2.991591 Pass-Through Rate 5.267370 2.672795 2.982316 2.982591 Weighted Average Maturity 343 310 347 319 Record Date 07/31/2003 07/31/2003 07/31/2003 07/31/2003 Principal and Interest Constant 269,972.58 1,105,762.18 123,463.58 1,499,198.34 Beginning Loan Count 119 1,153 132 1,404 Loans Paid in Full 12 22 3 37 Ending Loan Count 107 1,131 129 1,367 Beginning Scheduled Balance 58,622,045.63 432,305,078.59 44,011,411.12 534,938,535.34 Ending Scheduled Balance 51,916,919.63 422,987,982.48 42,980,937.85 517,885,839.96 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 6,705,126.00 9,317,096.11 1,030,473.27 17,052,695.38 Scheduled Interest 269,972.58 1,105,762.18 123,463.58 1,499,198.34 Servicing Fee 12,212.93 139,634.21 13,753.57 165,600.71 Master Servicing Fee 439.67 3,242.29 330.09 4,012.05 Trustee Fee 0.00 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 Net Interest 257,319.98 962,885.68 109,379.92 1,329,585.58 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00