Wells Fargo Bank Minnesota, N.A. SMT Series 2002-10 Certificateholder Distribution Statement (July 2003)

Contract Categories: Business Finance › Trust Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2002-10 trust. It summarizes the principal and interest payments made to certificateholders as of July 31, 2003, with distributions occurring on August 20, 2003. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 3 f93089dexv10w1.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 2002-10 RECORD DATE: JULY 31, 2003 DISTRIBUTION DATE: AUGUST 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Class CUSIP Description Rate Certificate Balance Distribution - ----------------------------------------------------------------------------------------------------------------------- 1A 81743VAA1 SEN 1.50000% 765,412,119.68 956,765.15 2A-1 81743VAB9 SEN 1.48000% 178,003,245.82 219,537.34 2A-2 81743VAN3 SEN 1.78000% 3,500,000.00 5,191.67 X-1A 81743VAC7 IO 1.26028% 0.00 381,605.10 X-1B 81743VAD5 IO 1.45100% 0.00 486,156.20 X-2 81743VAP8 IO 1.46514% 0.00 221,606.28 X-B 81743VAE3 IO 0.86749% 0.00 18,596.85 A-R 81743VAF0 SEN 3.37696% 0.00 0.00 B-1 81743VAG8 SUB 1.90000% 12,600,000.00 19,950.00 B-2 81743VAH6 SUB 1.90000% 8,400,000.00 13,300.00 B-3 81743VAJ2 SUB 2.50000% 4,725,000.00 9,843.75 B-4 SMT0210B4 SUB 2.87770% 2,625,000.00 6,294.96 B-5 SMT0210B5 SUB 2.87770% 2,100,000.00 5,035.97 B-6 SMT0210B6 SUB 2.87770% 3,685,162.00 8,837.31 - ----------------------------------------------------------------------------------------------------------------------- Totals 981,050,527.50 2,352,720.58 - -----------------------------------------------------------------------------------------------------------------------
Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - --------------------------------------------------------------------------------------------------------------------------- 1A 8,135,235.23 0.00 757,276,884.45 9,092,000.38 0.00 2A-1 1,529,314.05 0.00 176,473,931.77 1,748,851.39 0.00 2A-2 0.00 0.00 3,500,000.00 5,191.67 0.00 X-1A 0.00 0.00 0.00 381,605.10 0.00 X-1B 0.00 0.00 0.00 486,156.20 0.00 X-2 0.00 0.00 0.00 221,606.28 0.00 X-B 0.00 0.00 0.00 18,596.85 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 12,600,000.00 19,950.00 0.00 B-2 0.00 0.00 8,400,000.00 13,300.00 0.00 B-3 0.00 0.00 4,725,000.00 9,843.75 0.00 B-4 0.00 0.00 2,625,000.00 6,294.96 0.00 B-5 0.00 0.00 2,100,000.00 5,035.97 0.00 B-6 0.00 0.00 3,685,162.00 8,837.31 0.00 - --------------------------------------------------------------------------------------------------------------------------- Totals 9,664,549.28 0.00 971,385,978.22 12,017,269.86 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) - ----------------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 765,412,119.68 0.00 8,135,235.23 0.00 0.00 2A-1 190,000,000.00 178,003,245.82 0.00 1,529,314.05 0.00 0.00 2A-2 3,500,000.00 3,500,000.00 0.00 0.00 0.00 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 0.00 X-2 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 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 12,600,000.00 0.00 0.00 0.00 0.00 B-2 8,400,000.00 8,400,000.00 0.00 0.00 0.00 0.00 B-3 4,725,000.00 4,725,000.00 0.00 0.00 0.00 0.00 B-4 2,625,000.00 2,625,000.00 0.00 0.00 0.00 0.00 B-5 2,100,000.00 2,100,000.00 0.00 0.00 0.00 0.00 B-6 3,685,162.00 3,685,162.00 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 981,050,527.50 0.00 9,664,549.28 0.00 0.00 - -----------------------------------------------------------------------------------------------------------------------------------
Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------ 1A 8,135,235.23 757,276,884.45 0.92084132 8,135,235.23 2A-1 1,529,314.05 176,473,931.77 0.92881017 1,529,314.05 2A-2 0.00 3,500,000.00 1.00000000 0.00 X-1A 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 12,600,000.00 1.00000000 0.00 B-2 0.00 8,400,000.00 1.00000000 0.00 B-3 0.00 4,725,000.00 1.00000000 0.00 B-4 0.00 2,625,000.00 1.00000000 0.00 B-5 0.00 2,100,000.00 1.00000000 0.00 B-6 0.00 3,685,162.00 1.00000000 0.00 - ------------------------------------------------------------------------------------------ Totals 9,664,549.28 971,385,978.22 0.92512046 9,664,549.28 - ------------------------------------------------------------------------------------------
(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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ---------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 930.73369166 0.00000000 9.89236690 0.00000000 0.00000000 9.89236690 2A-1 190,000,000.00 936.85918853 0.00000000 8.04902132 0.00000000 0.00000000 8.04902132 2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 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 12,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Ending Ending Total Certificate Certificate Principal Class Balance Percentage Distribution - ------------------------------------------------------------ 1A 920.84132476 0.92084132 9.89236690 2A-1 928.81016721 0.92881017 8.04902132 2A-2 1000.00000000 1.00000000 0.00000000 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 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
(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 Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ----------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.50000% 765,412,119.68 956,765.15 0.00 0.00 2A-1 190,000,000.00 1.48000% 178,003,245.82 219,537.34 0.00 0.00 2A-2 3,500,000.00 1.78000% 3,500,000.00 5,191.67 0.00 0.00 X-1A 0.00 1.26028% 363,354,175.35 381,605.10 0.00 0.00 X-1B 0.00 1.45100% 402,057,944.33 486,156.20 0.00 0.00 X-2 0.00 1.46514% 181,503,245.82 221,606.28 0.00 0.00 X-B 0.00 0.86749% 25,725,000.00 18,596.85 0.00 0.00 A-R 100.00 3.37696% 0.00 0.00 0.00 0.00 B-1 12,600,000.00 1.90000% 12,600,000.00 19,950.00 0.00 0.00 B-2 8,400,000.00 1.90000% 8,400,000.00 13,300.00 0.00 0.00 B-3 4,725,000.00 2.50000% 4,725,000.00 9,843.75 0.00 0.00 B-4 2,625,000.00 2.87770% 2,625,000.00 6,294.96 0.00 0.00 B-5 2,100,000.00 2.87770% 2,100,000.00 5,035.97 0.00 0.00 B-6 3,685,162.00 2.87770% 3,685,162.00 8,837.31 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 2,352,720.58 0.00 0.00 - -----------------------------------------------------------------------------------------------------------------------------
Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ---------------------------------------------------------------------------------------------- 1A 0.00 0.00 956,765.15 0.00 757,276,884.45 2A-1 0.00 0.00 219,537.34 0.00 176,473,931.77 2A-2 0.00 0.00 5,191.67 0.00 3,500,000.00 X-1A 0.00 0.00 381,605.10 0.00 359,476,911.14 X-1B 0.00 0.00 486,156.20 0.00 397,799,973.31 X-2 0.00 0.00 221,606.28 0.00 179,973,931.77 X-B 0.00 0.00 18,596.85 0.00 25,725,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 19,950.00 0.00 12,600,000.00 B-2 0.00 0.00 13,300.00 0.00 8,400,000.00 B-3 0.00 0.00 9,843.75 0.00 4,725,000.00 B-4 0.00 0.00 6,294.96 0.00 2,625,000.00 B-5 0.00 0.00 5,035.97 0.00 2,100,000.00 B-6 0.00 0.00 8,837.31 0.00 3,685,162.00 - ---------------------------------------------------------------------------------------------- Totals 0.00 0.00 2,352,720.58 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 - ----------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.50000% 930.73369166 1.16341712 0.00000000 0.00000000 2A-1 190,000,000.00 1.48000% 936.85918853 1.15545968 0.00000000 0.00000000 2A-2 3,500,000.00 1.78000% 1000.00000000 1.48333429 0.00000000 0.00000000 X-1A 0.00 1.26028% 924.65991521 0.97110468 0.00000000 0.00000000 X-1B 0.00 1.45100% 936.29183208 1.13213552 0.00000000 0.00000000 X-2 0.00 1.46514% 938.00127039 1.14525209 0.00000000 0.00000000 X-B 0.00 0.86749% 1000.00000000 0.72290962 0.00000000 0.00000000 A-R 100.00 3.37696% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 1.90000% 1000.00000000 1.58333333 0.00000000 0.00000000 B-2 8,400,000.00 1.90000% 1000.00000000 1.58333333 0.00000000 0.00000000 B-3 4,725,000.00 2.50000% 1000.00000000 2.08333333 0.00000000 0.00000000 B-4 2,625,000.00 2.87770% 1000.00000000 2.39808000 0.00000000 0.00000000 B-5 2,100,000.00 2.87770% 1000.00000000 2.39808095 0.00000000 0.00000000 B-6 3,685,162.00 2.87770% 1000.00000000 2.39807911 0.00000000 0.00000000
Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - ------------------------------------------------------------------------------------------------------ 1A 0.00000000 0.00000000 1.16341712 0.00000000 920.84132476 2A-1 0.00000000 0.00000000 1.15545968 0.00000000 928.81016721 2A-2 0.00000000 0.00000000 1.48333429 0.00000000 1000.00000000 X-1A 0.00000000 0.00000000 0.97110468 0.00000000 914.79309370 X-1B 0.00000000 0.00000000 1.13213552 0.00000000 926.37608848 X-2 0.00000000 0.00000000 1.14525209 0.00000000 930.09783860 X-B 0.00000000 0.00000000 0.72290962 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.58333333 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 1.58333333 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.08333333 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.39808000 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.39808095 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.39807911 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 12,221,655.38 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2,234.38 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 12,223,889.76 Withdrawals Reimbursement for Servicer Advances 2,234.38 Payment of Service Fee 204,385.52 Payment of Interest and Principal 12,017,269.86 ------------- Total Withdrawals (Pool Distribution Amount) 12,223,889.76 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 204,385.52 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 204,385.52 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------- Class X-A Basis Risk Reserve Fund 8,000.00 0.00 0.00 8,000.00 Class X-B Basis Risk Reserve Fund 2,000.00 0.00 0.00 2,000.00
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 1 825,000.00 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 ------------------------ -------------------- -------------------- 1 825,000.00 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 0.038640% 0.084930% 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% ------------------------ -------------------- -------------------- 0.038640% 0.084930% 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 1 825,000.00 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 1 825,000.00 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 0.038640% 0.084930% 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% 0.038640% 0.084930%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2,234.38 Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 1,050,010,162.00 99.99999048% 971,385,978.22 100.00000000% 96.485932% 0.000000% Class 1A 227,635,162.00 21.67932736% 214,109,093.77 22.04160844% 77.958392% 2,218.465770% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 3.87437773% 18.167231% 516.985775% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.51406781% 0.360310% 10.253357% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.51406781% 0.000000% 0.000000% Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.21695212% 1.297116% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.35220832% 0.864744% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.86578993% 0.486418% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.59555750% 0.270232% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.37937155% 0.216186% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.379372% 10.795795%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % ---------- ---------- --------- --------- Bankruptcy 163,046.00 0.01552804% 163,046.00 0.01678488% Fraud 31,500,308.00 3.00000001% 31,500,308.00 3.24282095% Special Hazard 11,240,000.00 1.07046573% 10,956,260.08 1.12789976%
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 1 825,000.00 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 ------------------------ -------------------- -------------------- 1 825,000.00 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 0.048900% 0.105108% 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% ------------------------ -------------------- -------------------- 0.048900% 0.105108% 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 1 825,000.00 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 1 825,000.00 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 0.048900% 0.105108% 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% 0.048900% 0.105108%
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 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%
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.127797% Weighted Average Net Coupon 2.877797% Weighted Average Pass-Through Rate 2.877797% Weighted Average Maturity (Stepdown Calculation) 288 Beginning Scheduled Collateral Loan Count 2,625 Number of Loans Paid in Full 37 Ending Scheduled Collateral Loan Count 2,588 Beginning Scheduled Collateral Balance 981,050,527.50 Ending Scheduled Collateral Balance 971,385,978.22 Ending Actual Collateral Balance at 30-July-2003 971,385,978.99 Monthly P&I Constant 2,557,106.09 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,935,411.01 Ending Scheduled Balance for Premium Loans 971,385,978.22 Scheduled Principal 0.00 Unscheduled Principal 9,664,549.28
GROUP 1 2 TOTAL ----- - - ----- Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.110461 3.200924 3.127797 Weighted Average Net Rate 2.860461 2.950924 2.877797 Pass-Through Rate 2.860461 2.950924 2.877797 Weighted Average Maturity 288 288 288 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal and Interest Constant 2,055,610.85 501,495.24 2,557,106.09 Beginning Loan Count 2,077 548 2,625 Loans Paid in Full 32 5 37 Ending Loan Count 2,045 543 2,588 Beginning Scheduled Balance 793,044,116.68 188,006,410.82 981,050,527.50 Ending Scheduled Balance 784,908,881.45 186,477,096.77 971,385,978.22 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 8,135,235.23 1,529,314.05 9,664,549.28 Scheduled Interest 2,055,610.85 501,495.24 2,557,106.09 Servicing Fee 165,217.53 39,167.99 204,385.52 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 1,890,393.32 462,327.25 2,352,720.57 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 372,593,731.60 Six Month LIBOR Loans 412,315,149.85 Pro Rata Senior Percentage 96.515705% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
Group 2 Pro Rata Senior Percentage 96.540988% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%