Other Events

EX-10.1 3 f93523aexv10w1.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 2002-8 RECORD DATE: AUGUST 29, 2003 DISTRIBUTION DATE: SEPTEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Ending Class Pass-Through Certificate Interest Principal Current Certificate Class CUSIP Description Rate Balance Distribution Distribution Realized Loss Balance ----- ---------- ----------- ------------ -------------- ------------ ------------- ------------- -------------- 1-A1 81743RAA0 SEN 1.24000% 0.00 0.00 0.00 0.00 0.00 1-A2 81743RAB8 SEN 3.45500% 47,753,636.74 137,490.68 7,665,160.66 0.00 40,088,476.08 2A 81743RAC6 SEN 1.41000% 405,693,894.74 476,690.32 8,951,475.94 0.00 396,742,418.80 3A 81743RAD4 SEN 2.97568% 41,083,983.66 101,877.20 727,685.32 0.00 40,356,298.34 X-1 81743RAE2 IO 1.79439% 0.00 71,407.18 0.00 0.00 0.00 X-2A 81743RAFf9 IO 1.03735% 0.00 144,549.93 0.00 0.00 0.00 X-2B 81743AFG7 IO 1.23926% 0.00 246,282.58 0.00 0.00 0.00 X-B 81743RAH5 IO 1.29266% 0.00 9,769.31 0.00 0.00 0.00 A-R 81743RAJ1 SEN 5.37281% 0.00 0.00 0.00 0.00 0.00 B-1 81743RAK8 SUB 1.78500% 9,069,000.00 13,490.14 0.00 0.00 9,069,000.00 B-2 81743RAL6 SUB 3.07766% 5,505,000.00 14,118.78 0.00 0.00 5,505,000.00 B-3 81743RAM4 SUB 3.07766% 3,886,000.00 9,966.50 0.00 0.00 3,886,000.00 B-4 SMT0208B4 SUB 3.07766% 1,618,000.00 4,149.72 0.00 0.00 1,618,000.00 B-5 SMT0208B5 SUB 3.07766% 970,000.00 2,487.78 0.00 0.00 970,000.00 B-6 SMT0208B6 SUB 3.07766% 2,306,324.82 5,915.08 0.00 0.00 2,306,324.82 -------------- ------------ ------------- ------------- -------------- Totals 517,885,839.96 1,238,195.20 17,344,321.92 0.00 500,541,518.04 -------------- ------------ ------------- ------------- -------------- Total Cumulative Class Distribution Realized Loss ----- ------------- ------------- 1-A1 0.00 0.00 1-A2 7,802,651.34 0.00 2A 9,428,166.26 0.00 3A 829,562.52 0.00 X-1 71,407.18 0.00 X-2A 144,549.93 0.00 X-2B 246,282.58 0.00 X-B 9,769.31 0.00 A-R 0.00 0.00 B-1 13,490.14 0.00 B-2 14,118.78 0.00 B-3 9,966.50 0.00 B-4 4,149.72 0.00 B-5 2,487.78 0.00 B-6 5,915.08 0.00 ------------- ------------- Totals 18,582,517.12 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 Ending Original Face Certificate Principal Principal Realized Total Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance ----- -------------- -------------- ------------ ------------- --------- -------- --------------- -------------- 1-A1 50,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1-A2 61,468,000.00 47,753,636.74 0.00 7,665,160.66 0.00 0.00 7,665,160.66 40,088,476.08 2A 463,097,000.00 405,693,894.74 0.00 8,951,475.94 0.00 0.00 8,951,475.94 396,742,418.80 3A 49,973,000.00 41,083,983.66 0.00 727,685.32 0.00 0.00 727,685.32 40,356,298.34 X-1 0.00 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 0.00 X-2B 0.00 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 0.00 A-R 100.00 0.00 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 9,069,000.00 B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 0.00 0.00 5,505,000.00 B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 0.00 0.00 3,886,000.00 B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 0.00 0.00 1,618,000.00 B-5 970,000.00 970,000.00 0.00 0.00 0.00 0.00 0.00 970,000.00 B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 0.00 0.00 2,306,324.82 -------------- -------------- ------------ ------------- --------- -------- --------------- -------------- Totals 647,892,424.82 517,885,839.96 0.00 17,344,321.92 0.00 0.00 17,344,321.92 500,541,518.04 -------------- -------------- ------------ ------------- --------- -------- --------------- -------------- Ending Certificate Total Principal Class Percentage Distribution ----- ----------- --------------- 1-A1 0.00000000 0.00 1-A2 0.65218449 7,665,160.66 2A 0.85671559 8,951,475.94 3A 0.80756205 727,685.32 X-1 0.00000000 0.00 X-2A 0.00000000 0.00 X-2B 0.00000000 0.00 X-B 0.00000000 0.00 A-R 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 ----------- --------------- Totals 0.77256887 17,344,321.92 ----------- ---------------
(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 Ending Original Face Certificate Principal Principal Realized Total Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- -------------- -------------- ------------ ------------- ---------- ---------- --------------- ------------- 1-A1 50,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 776.88613165 0.00000000 124.70164411 0.00000000 0.00000000 124.70164411 652.18448754 2A 463,097,000.00 876.04518004 0.00000000 19.32959173 0.00000000 0.00000000 19.32959173 856.71558831 3A 49,973,000.00 822.12361995 0.00000000 14.56156965 0.00000000 0.00000000 14.56156965 807.56205031 X-1 0.00 0.00000000 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 0.00000000 X-2B 0.00 0.00000000 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 0.00000000 A-R 100.00 0.00000000 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 1000.00000000 B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 Ending Certificate Total Principal Class Percentage Distribution ----- ----------- --------------- 1-A1 0.00000000 0.00000000 1-A2 0.65218449 124.70164411 2A 0.85671559 19.32959173 3A 0.80756205 14.56156965 X-1 0.00000000 0.00000000 X-2A 0.00000000 0.00000000 X-2B 0.00000000 0.00000000 X-B 0.00000000 0.00000000 A-R 0.00000000 0.00000000 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 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- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ----- -------------- ----------- -------------- ------------ ---------- --------- --------- --------- 1-A1 50,000,000.00 1.24000% 0.00 0.00 0.00 0.00 0.00 0.00 1-A2 61,468,000.00 3.45500% 47,753,636.74 137,490.68 0.00 0.00 0.00 0.00 2A 463,097,000.00 1.41000% 405,693,894.74 476,690.33 0.00 0.00 0.00 0.00 3A 49,973,000.00 2.97568% 41,083,983.66 101,877.20 0.00 0.00 0.00 0.00 X-1 0.00 1.79439% 47,753,636.74 71,407.18 0.00 0.00 0.00 0.00 X-2A 0.00 1.03735% 167,214,398.87 144,549.93 0.00 0.00 0.00 0.00 X-2B 0.00 1.23926% 238,479,495.87 246,282.58 0.00 0.00 0.00 0.00 X-B 0.00 1.29266% 9,069,000.00 9,769.31 0.00 0.00 0.00 0.00 A-R 100.00 5.37281% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 9,069,000.00 1.78500% 9,069,000.00 13,490.14 0.00 0.00 0.00 0.00 B-2 5,505,000.00 3.07766% 5,505,000.00 14,118.78 0.00 0.00 0.00 0.00 B-3 3,886,000.00 3.07766% 3,886,000.00 9,966.50 0.00 0.00 0.00 0.00 B-4 1,618,000.00 3.07766% 1,618,000.00 4,149.72 0.00 0.00 0.00 0.00 B-5 970,000.00 3.07766% 970,000.00 2,487.78 0.00 0.00 0.00 0.00 B-6 2,306,324.82 3.07766% 2,306,324.82 5,915.08 0.00 0.00 0.00 0.00 -------------- ------------ ---------- --------- --------- --------- Totals 647,892,424.82 1,238,195.21 0.00 0.00 0.00 0.00 -------------- ------------ ---------- --------- --------- --------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance ----- -------------- --------- -------------- 1-A1 0.00 0.00 0.00 1-A2 137,490.68 0.00 40,088,476.08 2A 476,690.32 0.00 396,742,418.80 3A 101,877.20 0.00 40,356,298.34 X-1 71,407.18 0.00 40,088,476.08 X-2A 144,549.93 0.00 165,223,318.73 X-2B 246,282.58 0.00 231,519,100.07 X-B 9,769.31 0.00 9,069,000.00 A-R 0.00 0.00 0.00 B-1 13,490.14 0.00 9,069,000.00 B-2 14,118.78 0.00 5,505,000.00 B-3 9,966.50 0.00 3,886,000.00 B-4 4,149.72 0.00 1,618,000.00 B-5 2,487.78 0.00 970,000.00 B-6 5,915.08 0.00 2,306,324.82 -------------- --------- Totals 1,238,195.20 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 Non- Current Certificate/ Current Unpaid Current Supported Class Original Face Certificate Notional Accrued Interest Interest Interest Realized (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) ----- -------------- ------------ -------------- ---------- ---------- ---------- ---------- ---------- 1-A1 50,000,000.00 1.24000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 3.45500% 776.88613165 2.23678467 0.00000000 0.00000000 0.00000000 0.00000000 2A 463,097,000.00 1.41000% 876.04518004 1.02935309 0.00000000 0.00000000 0.00000000 0.00000000 3A 49,973,000.00 2.97568% 822.12361995 2.03864487 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 1.79439% 428.40668838 0.64060699 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 1.03735% 887.71606023 0.76739381 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00 1.23926% 868.04327236 0.89644578 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.29266% 1000.00000000 1.07722020 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 5.37281% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1.78500% 1000.00000000 1.48750028 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 3.07766% 1000.00000000 2.56471935 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 3.07766% 1000.00000000 2.56471951 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 3.07766% 1000.00000000 2.56472188 0.00000000 0.00000000 0.00000000 0.00000000 B-5 970,000.00 3.07766% 1000.00000000 2.56472165 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 3.07766% 1000.00000000 2.56472113 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Unpaid Certificate/ Class Total Interest Interest Notational (5) Distribution Shortfall Balance ----- -------------- ---------- ------------- 1-A1 0.00000000 0.00000000 0.00000000 1-A2 2.23678467 0.00000000 652.18448754 2A 1.02935307 0.00000000 856.71558831 3A 2.03864487 0.00000000 807.56205031 X-1 0.64060699 0.00000000 359.64111745 X-2A 0.76739381 0.00000000 877.14571564 X-2B 0.89644578 0.00000000 842.70807646 X-B 1.07722020 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.48750028 0.00000000 1000.00000000 B-2 2.56471935 0.00000000 1000.00000000 B-3 2.56471951 0.00000000 1000.00000000 B-4 2.56472188 0.00000000 1000.00000000 B-5 5.56472165 0.00000000 1000.00000000 B-6 2.56472113 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 18,764,063.28 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 18,764,063.28 Withdrawals Reimbursement for Servicer Advances 16,691.81 Payment of Service Fee 164,854.34 Payment of Interest and Principal 18,582,517.13 ------------- Total Withdrawals (Pool Distribution Amount) 18,764,063.28 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 160,970.19 Master Servicing Fee 3,884.15 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 164,854.34 ==========
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 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%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original % Current $ Current % Current Class % Prepayment % - ------- -------------- ------------ -------------- ------------- --------------- ------------- Class A 647,892,324.82 99.99998457% 500,541,518.04 100.00000000% 95.334188% 0.000000% Class 1-A-1 597,892.324.82 92.28265402% 500,541,518.04 100.00000000% 0.000000% 0.000000% Class 1-A-2 536,424,324.82 82.79527654% 460,453,041.96 91.99097884% 8.009021% 171.653329% Class 2A 73,327,324.82 11.31782407% 63,710,623.16 12.72833938% 79.262639% 1,698.796355% Class 3A 23,354,324.82 3.60466089% 23,354,324.82 4.66581172% 8.062528% 172.800107% Class X-1 23,354,324.82 3.60466089% 23,354,324.82 4.66581172% 0.000000% 0.000000% Class B-1 14,285,324.82 2.20489147% 14,285,324.82 2.85397401% 1.811838% 38.832208% Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.75416514% 1.099809% 23.571651% Class B-3 4,894,324.82 0.75542245% 4,894,324.82 0.97780596% 0.776359% 16.639316% Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.65455606% 0.323250% 6.928053% Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.46076594% 0.193790% 4.153406% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.460766% 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 0.02518173% Fraud 19,436,773.00 3.00000004% 10,357,716.80 2.06930223% Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 3.09654633%
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 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 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 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 3.251024% Weighted Average Net Coupon 2.878038% Weighted Average Pass-Through Rate 2.869038% Weighted Average Maturity (Stepdown Calculation) 318 Beginning Scheduled Collateral Loan Count 1,367 Number of Loans Paid in Full 45 Ending Scheduled Collateral Loan Count 1,322 Beginning Scheduled Collateral Balance 517,885,839.96 Ending Scheduled Collateral Balance 500,541,518.04 Ending Actual Collateral Balance at 29-Aug-2003 500,534,799.20 Monthly P&I Constant 1,403,049.55 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 18,522,619.83 Ending Scheduled Balance for Premium Loans 500,541,518.04 Scheduled Principal 0.00 Unscheduled Principal 17,344,321.92
MISCELLANEOUS REPORTING One Month Libor Loan Balance 172,425,438.88 Six Month Libor Loan Balance - POOL 1 44,251,758.97 Six Month Libor Loan Balance - POOL 2 241,611,067.66 Six Month Libor Loan Balance - POOL 3 42,253,252.53 Pro Rata Senior Percent 95.490449% 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 5.508389 2.962918 3.359677 3.251024 Weighted Average Net Rate 5.258390 2.575042 2.984677 2.878038 Pass-Through Rate 5.249389 2.566042 2.975677 2.869038 Weighted Average Maturity 342 309 346 318 Record Date 08/29/2003 08/29/2003 08/29/2003 08/29/2003 Principal and Interest Constant 238,315.51 1,044,399.00 120,335.04 1,403,049.55 Beginning Loan Count 107 1,131 129 1,367 Loans Paid in Full 17 25 3 45 Ending Loan Count 90 1,106 126 1,322 Beginning Scheduled Balance 51,916,919.63 422,987,982.48 42,980,937.85 517,885,839.96 Ending Scheduled Balance 44,251,758.97 414,036,506.54 42,253,252.53 500,541,518.04 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 7,665,160.66 8,951,475.94 727,685.32 17,344,321.92 Scheduled Interest 238,315.51 1,044,399.00 120,335.04 1,403,049.55 Servicing Fee 10,816.02 136,722.63 13,431.54 160,970.19 Master Servicing Fee 389.38 3,172.41 322.36 3,884.15 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 227,110.11 904,503.96 106,581.14 1,238,195.21 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