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EX-10.1 3 f93523bexv10w1.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 29, 2003 DISTRIBUTION DATE: SEPTEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Class CUSIP Description Rate Balance Distribution Distribution Realized Loss - ----------- ------------- ------------ -------------- -------------- ------------- ------------- -------------- 1A 81743SAA8 SEN 1.46000% 352,015,215.88 428,285.17 6,056,753.79 0.00 2A 81743SAB6 SEN 2.74321% 133,961,567.32 306,237.58 5,891,809.54 0.00 X-1A 81743SAC4 IO 0.99253% 0.00 155,534.48 0.00 0.00 X-1B 81743SAD2 IO 1.05242% 0.00 143,804.65 0.00 0.00 X-B 81743SAE0 IO 0.70103% 0.00 4,499.46 0.00 0.00 A-R 81743SAF7 SEN 3.16089% 0.00 0.00 0.00 0.00 B-1 81743SAG5 SUB 1.86000% 7,702,000.00 11,938.10 0.00 0.00 B-2 81743SAH3 SUB 2.56103% 4,564,000.00 9,740.46 0.00 0.00 B-3 81743SAJ9 SUB 2.56103% 3,424,000.00 7,307.48 0.00 0.00 B-4 SMT0209B4 SUB 2.56103% 1,426,000.00 3,043.36 0.00 0.00 B-5 SMR0209B5 SUB 2.56103% 856,000.00 1,826.87 0.00 0.00 B-6 SMT0209B6 SUB 2.56103% 1,997,086.78 4,262.17 0.00 0.00 ----------- ------------ ------------- -------------- ------------- ------------- -------------- Totals 505,945,869.98 1,076,479.78 11,948,563.33 0.00 Ending Certificate Total Cumulative Class Balance Distribution Realized Loss - ----------- -------------- --------------- ------------- 1A 345,958,462.09 6,485,038.96 0.00 2A 128,069,757.78 6,198,047.12 0.00 X-1A 0.00 155,534.48 0.00 X-1B 0.00 143,804.65 0.00 X-B 0.00 4,499.46 0.00 A-R 0.00 0.00 0.00 B-1 7,702,000.00 11,938.10 0.00 B-2 4,564,000.00 9,740.46 0.00 B-3 3,424,000.00 7,307.48 0.00 B-4 1,426,000.00 3,043.36 0.00 B-5 856,000.00 1,826.87 0.00 B-6 1,997,086.78 4,262.17 0.00 -------------- --------------- ------------- Totals 493,997,306.65 13,025,043.11 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 - ----------- -------------- --------------- ------------- -------------- ---------- ----------- --------------- 1A 381,698,000.00 352,015,215.88 1,705.23 6,055,048.56 0.00 0.00 6,056,753.79 2A 168,875,000.00 133,961,567.32 0.00 5,891,809.54 0.00 0.00 5,891,809.54 X-1A 0.00 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 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 7,702,000.00 7,702,000.00 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 0.00 0.00 B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 0.00 0.00 B-5 856,000.00 856,000.00 0.00 0.00 0.00 0.00 0.00 B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 0.00 0.00 -------------- --------------- ------------- -------------- ---------- ----------- ------------- Totals 570,533,186.78 505,945,869.98 1,705.23 11,946,858.10 0.00 0.00 11,948,563.33 Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ----------- -------------- ------------- --------------- 1A 345,958,462.09 0.90638835 6,056,753.79 2A 128,069,757.78 0.75837014 5,891,809.54 X-1A 0.00 0.00000000 0.00 X-1B 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 7,702,000.00 1.00000000 0.00 B-2 4,564,000.00 1.00000000 0.00 B-3 3,424,000.00 1.00000000 0.00 B-4 1,426,000.00 1.00000000 0.00 B-5 856,000.00 1.00000000 0.00 B-6 1,997,086.78 1.00000000 0.00 -------------- ------------- --------------- Totals 493,997,306.65 0.86585201 11,948,563.33
(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 381,698,000.00 922.25664318 0.00446759 15.86382778 0.00000000 0.00000000 15.86829537 2A 168,875,000.00 793.25872580 0.00000000 34.88858351 0.00000000 0.00000000 34.88858351 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-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 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ------------ -------------- ------------ --------------- 1A 906.38834782 0.90638835 15.86829537 2A 758.37014229 0.75837014 34.88858351 X-1A 0.00000000 0.00000000 0.00000000 X-1B 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 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) - ---------- -------------- ----------- -------------- ----------- ---------- ---------- ---------- --------- 1A 381,698,000.00 1.46000% 352,015,215.88 428,285.18 0.00 0.00 0.00 0.00 2A 168,875,000.00 2.74321% 133,961,567.32 306,237.58 0.00 0.00 0.00 0.00 X-1A 0.00 0.99253% 188,045,616.75 155,534.48 0.00 0.00 0.00 0.00 X-1B 0.00 1.05242% 163,969,599.13 143,804.65 0.00 0.00 0.00 0.00 X-B 0.00 0.70103% 7,702,000.00 4,499.46 0.00 0.00 0.00 0.00 A-R 100.00 3.16089% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 1.86000% 7,702,000.00 11,938.10 0.00 0.00 0.00 0.00 B-2 4,564,000.00 2.56103% 4,564,000.00 9,740.46 0.00 0.00 0.00 0.00 B-3 3,424,000.00 2.56103% 3,424,000.00 7,307.48 0.00 0.00 0.00 0.00 B-4 1,426,000.00 2.56103% 1,426,000.00 3,043.36 0.00 0.00 0.00 0.00 B-5 856,000.00 2.56103% 856,000.00 1,826.87 0.00 0.00 0.00 0.00 B-6 1,997,086.78 2.56103% 1,997,086.78 4,262.17 0.00 0.00 0.00 0.00 -------------- ------------ ---------- ---------- ---------- --------- Totals 570,533,186.78 1,076,479.79 0.00 0.00 0.00 0.00 -------------- ------------ ---------- ---------- ---------- --------- Remaining Ending Total Unpaid Certificate/ Interest Interest Notational Class Distribution Shortfall Balance - ---------- ------------ ----------- -------------- 1A 428,285.17 0.00 345,958,462.09 2A 306,237.58 0.00 128,069,757.78 X-1A 155,534.48 0.00 184,901,725.59 X-1B 143,804.65 0.00 161,056,736.50 X-B 4,499.46 0.00 7,702,000.00 A-R 0.00 0.00 0.00 B-1 11,938.10 0.00 7,702,000.00 B-2 9,740.46 0.00 4,564,000.00 B-3 7,307.48 0.00 3,424,000.00 B-4 3,043.36 0.00 1,426,000.00 B-5 1,826.87 0.00 856,000.00 B-6 4,262.17 0.00 1,997,086.78 ------------ ----------- Totals 1,076,479.78 0.00 ------------ -----------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Non- Current Beginning Current Unpaid Current Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Class(5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall -------- -------------- ----------- ---------------- ------------ ------------- ----------- ---------- 1A 381,698,000.00 1.46000% 922.25664318 1.12207892 0.00000000 0.00000000 0.00000000 2A 168,875,000.00 2.74321% 793.25872580 1.81339796 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.99253% 922.84876301 0.76329778 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.05242% 921.57851579 0.80824297 0.00000000 0.00000000 0.00000000 X-B 0.00 0.70103% 1000.00000000 0.58419372 0.00000000 0.00000000 0.00000000 A-R 100.00 3.16089% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1.86000% 1000.00000000 1.55000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 2.56013% 1000.00000000 2.13419369 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 2.56103% 1000.00000000 2.13419393 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 2.56103% 1000.00000000 2.13419355 0.00000000 0.00000000 0.00000000 B-5 856,000.00 2.56103% 1000.00000000 2.13419393 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 2.56103% 1000.00000000 2.13419369 0.00000000 0.00000000 0.00000000 Remaining Ending Total Unpaid Certificate/ Realized Interest Interest Notational Class(5) Loss(6) Distribution Shortfall Balance -------- ---------- ------------ ---------- ------------- 1A 0.00000000 1.12207889 0.00000000 906.38834782 2A 0.00000000 1.81339796 0.00000000 758.37014229 X-1A 0.00000000 0.76329778 0.00000000 907.41986805 X-1B 0.00000000 0.80824297 0.00000000 905.20699550 X-B 0.00000000 0.58419372 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.55000000 0.00000000 1000.00000000 B-2 0.00000000 2.13419369 0.00000000 1000.00000000 B-3 0.00000000 2.13419393 0.00000000 1000.00000000 B-4 0.00000000 2.13419355 0.00000000 1000.00000000 B-5 0.00000000 2.13419393 0.00000000 1000.00000000 B-6 0.00000000 2.13419369 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 13,216,755.16 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 13,216,755.16 Withdrawals Reimbursement for Servicer Advances 29,590.61 Payment of Service Fee 162,121.44 Payment of Interest and Principal 13,025,043.11 ------------- Total Withdrawals (Pool Distribution Amount) 13,216,755.16 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 0.01 ============
SERVICING FEES Gross Servicing Fee 158,326.84 Master Servicing Fee 3,794.60 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 162,121.44 ============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------- ------------ ------------ ------------ ------------ X-1 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 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 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 570,533,086.78 99.99998247% 493,997,306.65 100.00000000% 95.957653% 0.000000% Class 1A 188,844,086.78 33.09957968% 148,038,844.56 29.96754083% 70.032459% 1,732.470122% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 4.04234730% 25.925194% 641.340083% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.48322949% 1.559118% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.55933781% 0.923892% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.86621662% 0.693121% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.57755108% 0.288666% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.40427078% 0.173280% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.404271% 10.000892%
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 0.02024303% Fraud 17,115,996.00 3.00000007% 9,879,946.13 2.00000000% Special Hazard 6,000,000.00 1.05164785% 5,997,988.72 1.21417438%
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% 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% 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 2.937708% Weighted Average Net Coupon 2.562190% Weighted Average Pass-Through Rate 2.553190% Weighted Average Maturity (Stepdown Calculation) 320 Beginning Scheduled Collateral Loan Count 1,376 Number of Loans Paid in Full 27 Ending Scheduled Collateral Loan Count 1,349 Beginning Scheduled Collateral Balance 505,945,869.99 Ending Scheduled Collateral Balance 493,997,306.66 Ending Actual Collateral Balance at 29-Aug-2003 493,990,280.81 Monthly P&I Constant 1,240,306.45 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,982,425.23 Ending Scheduled Balance for Premium Loans 493,997,306.66 Scheduled Principal 1,705.23 Unscheduled Principal 11,946,858.10
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.053118% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 2.865148 3.127213 2.937708 Weighted Average Net Rate 2.489430 2.752213 2.562190 Pass-Through Rate 2.480430 2.743213 2.553190 Weighted Average Maturity 304 346 320 Record Date 08/29/2003 08/29/2003 08/29/2003 Principal and Interest Constant 875,239.35 365,067.10 1,240,306.45 Beginning Loan Count 960 416 1,376 Loans Paid in Full 16 11 27 Ending Loan Count 944 405 1,349 Beginning Scheduled Balance 365,859,302.67 140,086,567.32 505,945,869.99 Ending Scheduled Balance 359,802,548.88 134,194,757.78 493,997,306.66 Scheduled Principal 1,705.23 0.00 1,705.23 Unscheduled Principal 6,055,048.56 5,891,809.54 11,946,858.10 Scheduled Interest 873,534.12 365,067.10 1,238,601.22 Servicing Fee 114,549.79 43,777.05 158,326.84 Master Servicing Fee 2,743.95 1,050.65 3,794.60 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 756,240.38 320,239.40 1,076,479.78 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 192,300,866.87 Six Month LIBOR Loans 167,501,682.01