Certificateholder Distribution Statement for SMT Series 2002-10 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2002-10 trust. It details the interest and principal payments made to holders of various classes of certificates as of August 29, 2003, with distributions occurring on September 22, 2003. The statement summarizes the amounts distributed, outstanding balances, and realized losses, as calculated under the Pooling and Servicing Agreement. No realized losses are reported for this period, and all distributions were made according to the agreement's terms.

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EX-10.1 3 f93523cexv10w1.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: AUGUST 29, 2003 DISTRIBUTION DATE: SEPTEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Class Certificate Beginning Certificate Class CUSIP Description Pass-Through Rate Balance Interest Distribution - ---------- ----------------------- ------------------- -------------------- -------------------------- ---------------------- 1A 81743VAA1 SEN 1.51000% 757,276,884.45 952,906.75 2A-1 81743VAB9 SEN 1.49000% 176,473,931.77 219,121.80 2A-2 81743VAN3 SEN 1.79000% 3,500,000.00 5,220.83 X-1A 81743VAC7 IO 1.12520% 0.00 337,068.24 X-1B 81743VAD5 IO 1.30357% 0.00 432,132.49 X-2 81743VAP8 IO 1.31582% 0.00 197,344.07 X-B 81743VAE3 IO 0.72446% 0.00 15,530.55 A-R 81743VAF0 SEN 3.37699% 0.00 0.00 B-1 81743VAG8 SUB 1.91000% 12,600,000.00 20,055.00 B-2 81743VAH6 SUB 1.91000% 8,400,000.00 13,370.00 B-3 81743VAJ2 SUB 2.51000% 4,725,000.00 9,883.13 B-4 SMT0210B4 SUB 2.74466% 2,625,000.00 6,003.95 B-5 SMT0210B5 SUB 2.74466% 2,100,000.00 4,803.16 B-6 SMT0210B6 SUB 2.74466% 3,685,162.00 8,428.77 ----------------------- ------------------- -------------------- -------------------------- ---------------------- Totals 971,385,978.22 2,221,868.74 ----------------------- ------------------- -------------------- -------------------------- ---------------------- Ending Certificate Cumulative Realized Class Principal Distribution Current Realized Loss Balance Total Distribution Loss - ---------- ----------------------- ----------------------- ------------------------- --------------------- ----------------------- 1A 12,788,648.81 0.00 744,488,235.64 13,741,555.56 0.00 2A-1 3,017,074.78 0.00 173,456,856.99 3,236,196.58 0.00 2A-2 0.00 0.00 3,500,000.00 5,220.83 0.00 X-1A 0.00 0.00 0.00 337,068.24 0.00 X-1B 0.00 0.00 0.00 432,132.49 0.00 X-2 0.00 0.00 0.00 197,344.07 0.00 X-B 0.00 0.00 0.00 15,530.55 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 12,600,000.00 20,055.00 0.00 B-2 0.00 0.00 8,400,000.00 13,370.00 0.00 B-3 0.00 0.00 4,725,000.00 9,883.13 0.00 B-4 0.00 0.00 2,625,000.00 6,003.95 0.00 B-5 0.00 0.00 2,100,000.00 4,803.16 0.00 B-6 0.00 0.00 3,685,162.00 8,428.77 0.00 ----------------------- ----------------------- ------------------------- --------------------- ----------------------- Totals 15,805,723.59 0.00 955,580,254.63 18,027,592.33 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 822,375,000.00 757,276,884.45 0.00 12,788,648.81 0.00 0.00 2A-1 190,000,000.00 176,473,931.77 0.00 3,017,074.78 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 1,050,010,262.00 971,385,978.22 0.00 15,805,723.59 0.00 0.00 ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- Ending Ending Total Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - --------- ---------------- ---------------- ---------------- ---------------- 1A 12,788,648.81 744,488,235.64 0.90529045 12,788,648.81 2A-1 3,017,074.78 173,456,856.99 0.91293083 3,017,074.78 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 15,805,723.59 955,580,254.63 0.91006754 15,805,723.59 ---------------- ---------------- ---------------- ----------------
(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 822,375,000.00 920.84132476 0.00000000 15.55087255 0.00000000 0.00000000 15.55087255 2A-1 190,000,000.00 928.81016721 0.00000000 15.87934095 0.00000000 0.00000000 15.87934095 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 905.29045221 0.90529045 15.55087255 2A-1 912.93082626 0.91293083 15.87934095 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
Payment of Beginning Current Unpaid Current Original Face Current Certificate/ Accrued Interest Interest Class Amount Certificate Rate Notional Balance Interest Shortfall Shortfall - -------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- 1A 822,375,000.00 1.51000% 757,276,884.45 952,906.75 0.00 0.00 2A-1 190,000,000.00 1.49000% 176,473,931.77 219,121.80 0.00 0.00 2A-2 3,500,000.00 1.79000% 3,500,000.00 5,220.83 0.00 0.00 X-1A 0.00 1.12520% 359,476,911.14 337,068.24 0.00 0.00 X-1B 0.00 1.30357% 397,799,973.31 432,132.49 0.00 0.00 X-2 0.00 1.31582% 179,973,931.77 197,344.07 0.00 0.00 X-B 0.00 0.72446% 25,725,000.00 15,530.55 0.00 0.00 A-R 100.00 3.37699% 0.00 0.00 0.00 0.00 B-1 12,600,000.00 1.91000% 12,600,000.00 20,055.00 0.00 0.00 B-2 8,400,000.00 1.91000% 8,400,000.00 13,370.00 0.00 0.00 B-3 4,725,000.00 2.51000% 4,725,000.00 9,883.13 0.00 0.00 B-4 2,625,000.00 2.74466% 2,625,000.00 6,003.95 0.00 0.00 B-5 2,100,000.00 2.74466% 2,100,000.00 4,803.16 0.00 0.00 B-6 3,685,162.00 2.74466% 3,685,162.00 8,428.77 0.00 0.00 - -------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- Totals 1,050,010,262.00 2,221,868.74 0.00 0.00 - -------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- Remaining Ending Non-Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - -------------- ---------------- ---------------- ---------------- ---------------- ---------------- 1A 0.00 0.00 952,906.75 0.00 744,488,235.64 2A-1 0.00 0.00 219,121.80 0.00 173,456,856.99 2A-2 0.00 0.00 5,220.83 0.00 3,500,000.00 X-1A 0.00 0.00 337,068.24 0.00 353,277,362.00 X-1B 0.00 0.00 432,132.49 0.00 391,210,873.64 X-2 0.00 0.00 197,344.07 0.00 176,956,856.99 X-B 0.00 0.00 15,530.55 0.00 25,725,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 20,055.00 0.00 12,600,000.00 B-2 0.00 0.00 13,370.00 0.00 8,400,000.00 B-3 0.00 0.00 9,883.13 0.00 4,725,000.00 B-4 0.00 0.00 6,003.95 0.00 2,625,000.00 B-5 0.00 0.00 4,803.16 0.00 2,100,000.00 B-6 0.00 0.00 8,428.77 0.00 3,685,162.00 ---------------- ---------------- ---------------- ---------------- ---------------- Totals 0.00 0.00 2,221,868.74 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 Beginning Current Unpaid Current Original Face Current Certificate/ Accrued Interest Interest Class (5) Amount Certificate Rate Notional Balance Interest Shortfall Shortfall - -------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- 1A 822,375,000.00 1.51000% 920.84132476 1.15872534 0.00000000 0.00000000 2A-1 190,000,000.00 1.49000% 928.81016721 1.15327263 0.00000000 0.00000000 2A-2 3,500,000.00 1.79000% 1000.00000000 1.49166571 0.00000000 0.00000000 X-1A 0.00 1.12520% 914.79309370 0.85776774 0.00000000 0.00000000 X-1B 0.00 1.30357% 926.37608848 1.00632788 0.00000000 0.00000000 X-2 0.00 1.31582% 930.09783860 1.01986599 0.00000000 0.00000000 X-B 0.00 0.72446% 1000.00000000 0.60371429 0.00000000 0.00000000 A-R 100.00 3.37699% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 1.91000% 1000.00000000 1.59166667 0.00000000 0.00000000 B-2 8,400,000.00 1.91000% 1000.00000000 1.59166667 0.00000000 0.00000000 B-3 4,725,000.00 2.51000% 1000.00000000 2.09166772 0.00000000 0.00000000 B-4 2,625,000.00 2.74466% 1000.00000000 2.28721905 0.00000000 0.00000000 B-5 2,100,000.00 2.74466% 1000.00000000 2.28721905 0.00000000 0.00000000 B-6 3,685,162.00 2.74466% 1000.00000000 2.28721831 0.00000000 0.00000000 Remaining Ending Non-Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class (5) Shortfall Loss (6) Distribution Shortfall Balance - -------------- ---------------- ---------------- ---------------- ---------------- ---------------- 1A 0.00000000 0.00000000 1.15872534 0.00000000 905.29045221 2A-1 0.00000000 0.00000000 1.15327263 0.00000000 912.93082626 2A-2 0.00000000 0.00000000 1.49166571 0.00000000 1000.00000000 X-1A 0.00000000 0.00000000 0.85776774 0.00000000 899.01654571 X-1B 0.00000000 0.00000000 1.00632788 0.00000000 911.03173255 X-2 0.00000000 0.00000000 1.01986599 0.00000000 914.50572088 X-B 0.00000000 0.00000000 0.60371429 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.59166667 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 1.59166667 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.09166772 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.28721905 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.28721905 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.28721831 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 18,231,734.77 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 464.00 Realized Losses 0.00 Prepayment Penalties 0.00 --------------- Total Deposits 18,232,198.77 Withdrawals Reimbursement for Servicer Advances 2,234.38 Payment of Service Fee 202,372.06 Payment of Interest and Principal 18,027,592.33 --------------- Total Withdrawals (Pool Distribution Amount) 18,232,198.77 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 202,372.06 Supported Prepayment/Curtailment Interest Shortfall 0.00 --------------- Net Servicing Fee 202,372.06 ===============
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 1 202,471.80 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 ---------- ---------- ---------- ---------- ---------- ---------- 1 202,471.80 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 0.039293% 0.021188% 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% ---------- ---------- ---------- ---------- ---------- ---------- 0.039293% 0.021188% 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 1 202,471.80 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 1 202,471.80 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 0.039293% 0.021188% 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% 0.039293% 0.021188%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 464.00
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% 955,580,254.63 100.00000000% 96.427808% 0.000000% Class 1A 227,635,162.00 21.67932736% 211,092,018.99 22.09045425% 77.909546% 2,181.001032% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 3.93846166% 18.151993% 508.147162% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.57219206% 0.366270% 10.253357% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.57219206% 0.000000% 0.000000% Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.25362149% 1.318571% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.37457445% 0.879047% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.88011048% 0.494464% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.60540828% 0.274702% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.38564652% 0.219762% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.385647% 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 0.01706251% Fraud 31,500,308.00 3.00000001% 31,500,308.00 3.29645865% Special Hazard 11,240,000.00 1.07046573% 10,894,084.34 1.14004913%
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 1 202,471.80 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 ---------- ---------- ---------- ---------- ---------- ---------- 1 202,471.80 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 0.049727% 0.026223% 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% ---------- ---------- ---------- ---------- ---------- ---------- 0.049727% 0.026223% 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 1 202,471.80 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 1 202,471.80 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 0.049727% 0.026223% 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% 0.049727% 0.026223%
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 2.994782% Weighted Average Net Coupon 2.744782% Weighted Average Pass-Through Rate 2.744782% Weighted Average Maturity (Stepdown Calculation) 287 Beginning Scheduled Collateral Loan Count 2,588 Number of Loans Paid in Full 43 Ending Scheduled Collateral Loan Count 2,545 Beginning Scheduled Collateral Balance 971,385,978.22 Ending Scheduled Collateral Balance 955,580,254.63 Ending Actual Collateral Balance at 29-Aug-2003 955,580,255.81 Monthly P&I Constant 2,424,240.80 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 17,949,517.77 Ending Scheduled Balance for Premium Loans 955,580,254.63 Scheduled Principal 0.00 Unscheduled Principal 15,805,723.59
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 2.978895 3.061652 2.994782 Weighted Average Net Rate 2.728895 2.811652 2.744782 Pass-Through Rate 2.728895 2.811652 2.744782 Weighted Average Maturity 287 287 287 Record Date 08/29/2003 08/29/2003 08/29/2003 Principal and Interest Constant 1,948,467.51 475,773.29 2,424,240.80 Beginning Loan Count 2,045 543 2,588 Loans Paid in Full 34 9 43 Ending Loan Count 2,011 534 2,545 Beginning Scheduled Balance 784,908,881.45 186,477,096.77 971,385,978.22 Ending Scheduled Balance 772,120,232.64 183,460,021.99 955,580,254.63 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 12,788,648.81 3,017,074.78 15,805,723.59 Scheduled Interest 1,948,467.51 475,773.29 2,424,240.80 Servicing Fee 163,522.67 38,849.39 202,372.06 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 1,784,944.84 436,923.90 2,221,868.74 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 366,389,401.30 Six Month LIBOR Loans 405,730,831.34 Pro Rata Senior Percentage 96.479592% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group 2 Pro Rata Senior Percentage 96.512620% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%