Certificateholder Distribution Statement for SMT Series 2002-8, Administered by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement for certificateholders of the SMT Series 2002-8, prepared by Wells Fargo Bank Minnesota, N.A. It summarizes the principal and interest distributions made to holders of various classes of certificates as of June 30, 2003, with payments distributed on July 21, 2003. The statement details the amounts paid, outstanding balances, and interest rates for each class, as well as confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses or shortfalls are reported for this period.

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EX-10.1 3 f92527bexv10w1.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: JUNE 30, 2003 DISTRIBUTION DATE: JULY 21, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ----- ----- ----------- ---- ------- ------------ 1-A1 81743RAA0 SEN 1.23375% 0.00 0.00 1-A2 81743RAB8 SEN 3.45500% 59,459,934.74 171,195.06 2A 81743RAC6 SEN 1.40375% 420,931,490.59 492,402.14 3A 81743RAD4 SEN 3.00038% 43,892,202.90 109,744.54 X-1 81743RAE2 IO 1.81267% 0.00 89,827.44 X-2A 81743RAFf9 IO 1.29771% 0.00 186,755.30 X-2B 81743AFG7 IO 1.26283% 0.00 261,252.97 X-B 81743RAH5 IO 1.38922% 0.00 10,508.69 A-R 81743RAJ1 SEN 5.37281% 0.00 0.00 B-1 81743RAK8 SUB 1.77875% 9,069,000.00 13,442.90 B-2 81743RAL6 SUB 3.16797% 5,505,000.00 14,533.08 B-3 81743RAM4 SUB 3.16797% 3,886,000.00 10,258.95 B-4 SMT0208B4 SUB 3.16797% 1,618,000.00 4,271.48 B-5 SMT0208B5 SUB 3.16797% 970,000.00 2,560.78 B-6 SMT0208B6 SUB 3.16797% 2,306,324.82 6,088.65 --------- --- ------- -------------- ------------- Totals 547,637,953.05 1,372,841.98 --------- --- ------- -------------- -------------
Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Loss - ----- ------------ ---- ------- ------------ ---- 1-A1 0.00 0.00 0.00 0.00 0.00 1-A2 5,001,172.00 0.00 54,458,762.74 5,172,367.06 0.00 2A 5,920,499.74 0.00 415,010,990.85 6,412,901.88 0.00 3A 1,777,745.97 0.00 42,114,456.93 1,887,490.51 0.00 X-1 0.00 0.00 0.00 89,827.44 0.00 X-2A 0.00 0.00 0.00 186,755.30 0.00 X-2B 0.00 0.00 0.00 261,252.97 0.00 X-B 0.00 0.00 0.00 10,508.69 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 9,069,000.00 13,442.90 0.00 B-2 0.00 0.00 5,505,000.00 14,533.08 0.00 B-3 0.00 0.00 3,886,000.00 10,258.95 0.00 B-4 0.00 0.00 1,618,000.00 4,271.48 0.00 B-5 0.00 0.00 970,000.00 2,560.78 0.00 B-6 0.00 0.00 2,306,324.82 6,088.65 0.00 ------------- ---- -------------- ------------- ---- Totals 12,699,417.71 0.00 534,938,535.34 14,072,259.69 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) - ----- ------ ------- ------------ ------------ --------- -------- 1-A1 50,000,000.00 0.00 0.00 0.00 0.00 0.00 1-A2 61,468,000.00 59,459,934.74 0.00 5,001,172.00 0.00 0.00 2A 463,097,000.00 420,931,490.59 0.00 5,920,499.74 0.00 0.00 3A 49,973,000.00 43,892,202.90 0.00 1,777,745.97 0.00 0.00 X-1 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 X-2B 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 9,069,000.00 9,069,000.00 0.00 0.00 0.00 0.00 B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 0.00 B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 0.00 B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 0.00 B-5 970,000.00 970,000.00 0.00 0.00 0.00 0.00 B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------- ---- ---- Totals 647,892,424.82 547,637,953.05 0.00 12,699,417.71 0.00 0.00 -------------- -------------- ---- ------------- ---- ----
Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ----- --------- ------- ---------- ------------ 1-A1 0.00 0.00 0.00000000 0.00 1-A2 5,001,172.00 54,458,762.74 0.88596933 5,001,172.00 2A 5,920,499.74 415,010,990.85 0.89616428 5,920,499.74 3A 1,777,745.97 42,114,456.93 0.84274422 1,777,745.97 X-1 0.00 0.00 0.00000000 0.00 X-2A 0.00 0.00 0.00000000 0.00 X-2B 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 9,069,000.00 1.00000000 0.00 B-2 0.00 5,505,000.00 1.00000000 0.00 B-3 0.00 3,886,000.00 1.00000000 0.00 B-4 0.00 1,618,000.00 1.00000000 0.00 B-5 0.00 970,000.00 1.00000000 0.00 B-6 0.00 2,306,324.82 1.00000000 0.00 ------------- -------------- ---------- ------------- Totals 12,699,417.71 534,938,535.34 0.82565950 12,699,417.71 ------------- -------------- ---------- -------------
(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 Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ----- ------ ------- ------------ ------------ --------- -------- 1-A1 50,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 967.33153413 0.00000000 81.36220472 0.00000000 0.00000000 2A 463,097,000.00 908.94886080 0.00000000 12.78457805 0.00000000 0.00000000 3A 49,973,000.00 878.31834991 0.00000000 35.57412943 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 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 B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 -------------- ------------- ---------- ---------- ---------- ----------
Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ----- --------- ------- ---------- ------------ 1-A1 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 81.36220472 885.96932941 0.88596933 81.36220472 2A 12.78457805 896.16428275 0.89616428 12.78457805 3A 35.57412943 842.74422048 0.84274422 35.57412943 X-1 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000 ---------- ------------- ---------- ----------
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Original Current Certificate/ Current Unpaid Face Certificate Notional Accrued Interest Class Amount Rate Balance Interest Shortfall - ----- ------ ---- ------- -------- --------- 1-A1 50,000,000.00 1.23375% 0.00 0.00 0.00 1-A2 61,468,000.00 3.45500% 59,459,934.74 171,195.06 0.00 2A 463,097,000.00 1.40375% 420,931,490.59 492,402.15 0.00 3A 49,973,000.00 3.00038% 43,892,202.90 109,744.54 0.00 X-1 0.00 1.81267% 59,459,934.74 89,817.81 0.00 X-2A 0.00 1.29771% 172,686,748.00 186,747.28 0.00 X-2B 0.00 1.26283% 248,244,742.59 261,241.74 0.00 X-B 0.00 1.38922% 9,069,000.00 10,499.06 0.00 A-R 100.00 5.37281% 0.00 0.00 0.00 B-1 9,069,000.00 1.77875% 9,069,000.00 13,442.90 0.00 B-2 5,505,000.00 3.16797% 5,505,000.00 14,533.08 0.00 B-3 3,886,000.00 3.16797% 3,886,000.00 10,258.95 0.00 B-4 1,618,000.00 3.16797% 1,618,000.00 4,271.48 0.00 B-5 970,000.00 3.16797% 970,000.00 2,560.78 0.00 B-6 2,306,324.82 3.16797% 2,306,324.82 6,088.65 0.00 -------------- ------- -------------- ------------ ---- Totals 647,892,424.82 1,372,803.48 0.00 -------------- ------- -------------- ------------ ----
Non- Remaining Ending Current Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - ----- --------- --------- -------- ------------ --------- ------- 1-A1 0.00 0.00 0.00 0.00 0.00 0.00 1-A2 0.00 0.00 0.00 171,195.06 0.00 54,458,762.74 2A 0.00 0.00 0.00 492,402.14 0.00 415,010,990.85 3A 0.00 0.00 0.00 109,744.54 0.00 42,114,456.93 X-1 0.00 0.00 0.00 89,827.44 0.00 54,458,762.74 X-2A 0.00 0.00 0.00 186,755.30 0.00 170,586,004.64 X-2B 0.00 0.00 0.00 261,252.97 0.00 244,424,986.21 X-B 0.00 0.00 0.00 10,508.69 0.00 9,069,000.00 A-R 0.00 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 0.00 13,442.90 0.00 9,069,000.00 B-2 0.00 0.00 0.00 14,533.08 0.00 5,505,000.00 B-3 0.00 0.00 0.00 10,258.95 0.00 3,886,000.00 B-4 0.00 0.00 0.00 4,271.48 0.00 1,618,000.00 B-5 0.00 0.00 0.00 2,560.78 0.00 970,000.00 B-6 0.00 0.00 0.00 6,088.65 0.00 2,306,324.82 ---- ---- ---- ------------ ---- --------------- Totals 0.00 0.00 0.00 1,372,841.98 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 Original Current Certificate/ Current Unpaid Current Class Face Certificate Notional Accrued Interest Interest (5) Amount Rate Balance Interest Shortfall Shortfall - ----- ------ ---- ------- -------- --------- --------- 1-A1 50,000,000.00 1.23375% 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 3.45500% 967.33153413 2.78510867 0.00000000 0.00000000 2A 463,097,000.00 1.40375% 908.94886080 1.06328080 0.00000000 0.00000000 3A 49,973,000.00 3.00038% 878.31834991 2.19607668 0.00000000 0.00000000 X-1 0.00 1.81267% 533.42604819 0.80577215 0.00000000 0.00000000 X-2A 0.00 1.29771% 916.76793760 0.99141318 0.00000000 0.00000000 X-2B 0.00 1.26283% 903.58786577 0.95089573 0.00000000 0.00000000 X-B 0.00 1.38922% 1000.00000000 1.15768662 0.00000000 0.00000000 A-R 100.00 5.37281% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1.77875% 1000.00000000 1.48229132 0.00000000 0.00000000 B-2 5,505,000.00 3.16797% 1000.00000000 2.63997820 0.00000000 0.00000000 B-3 3,886,000.00 3.16797% 1000.00000000 2.63997684 0.00000000 0.00000000 B-4 1,618,000.00 3.16797% 1000.00000000 2.63997528 0.00000000 0.00000000 B-5 970,000.00 3.16797% 1000.00000000 2.63997938 0.00000000 0.00000000 B-6 2,306,324.82 3.16797% 1000.00000000 2.63997939 0.00000000 0.00000000 ------------ ------- ------------- ---------- ---------- ----------
Non- Remaining Ending Supported Unpaid Certificate/ Class Interest Realized Total Interest Interest Notational (5) Shortfall Loss (6) Distribution Shortfall Balance ----- --------- -------- ------------ --------- ------- 1-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 0.00000000 0.00000000 2.78510867 0.00000000 885.96932941 2A 0.00000000 0.00000000 1.06328078 0.00000000 896.16428275 3A 0.00000000 0.00000000 2.19607668 0.00000000 842.74422048 X-1 0.00000000 0.00000000 0.80585854 0.00000000 488.55961119 X-2A 0.00000000 0.00000000 0.99145576 0.00000000 905.61540749 X-2B 0.00000000 0.00000000 0.95093661 0.00000000 889.68430641 X-B 0.00000000 0.00000000 1.15874848 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.48229132 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.63997820 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.63997684 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.63997528 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.63997938 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.63997939 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 14,246,011.27 Liquidations, Insurance Proceeds, Reserve Funds 38.51 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 290.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 14,246,339.78 Withdrawals Reimbursement for Servicer Advances 924.49 Payment of Service Fee 173,155.60 Payment of Interest and Principal 14,072,259.69 ------------- Total Withdrawals (Pool Distribution Amount) 14,246,339.78 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 169,048.32 Master Servicing Fee 4,107.28 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 173,155.60 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ ------- ----------- -------- ------- Class X-1 Basis Risk Reserve Fund 2,500.00 9.63 9.63 2,500.00 Class X-2 Basis Risk Reserve Fund 5,000.00 19.26 19.26 5,000.00 Class X-B Basis Risk Reserve Fund 2,500.00 9.63 9.63 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 1 116,000.00 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 --------------------- --------------------- ---------------------- 1 116,000.00 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 0.071225% 0.021685% 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% ---------------------- ---------------------- ---------------------- 0.071225% 0.021685% 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 1 116,000.00 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 1 116,000.00 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 0.071225% 0.021685% 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% 0.071225% 0.021685%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 290.00
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 647,892,324.82 99.99998457% 534,938,535.34 100.00000000% 95.634204% 0.000000% Class 1-A-1 597,892.324.82 92.28265402% 534,938,535.34 100.00000000% 0.000000% 0.000000% Class 1-A-2 536,424,324.82 82.79527654% 480,479,772.60 89.81962242% 10.180378% 233.184916% Class 2A 73,327,324.82 11.31782407% 65,468,781.75 12.23856152% 77.581061% 1,777.019863% Class 3A 23,354,324.82 3.60466089% 23,354,324.82 4.36579593% 7.872766% 180.328300% Class X-1 23,354,324.82 3.60466089% 23,354,324.82 4.36579593% 0.000000% 0.000000% Class B-1 14,285,324.82 2.20489147% 14,285,324.82 2.67046097% 1.695335% 38.832208% Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.64137078% 1.029090% 23.571651% Class B-3 4,894,324.82 0.75542245% 4,894,324.82 0.91493218% 0.726439% 16.639316% Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.61246753% 0.302465% 6.928053% Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.43113828% 0.181329% 4.153406% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.431138% 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 0.02356252% Fraud 19,436,773.00 3.00000004% 19,436,773.00 3.63345912% Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 2.89743568%
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 1 116,000.00 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 ----------------------- --------------------- ----------------------- 1 116,000.00 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 0.757576% 0.263583% 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% ----------------------- --------------------- ----------------------- 0.757576% 0.263583% 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 1 116,000.00 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 1 116,000.00 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 0.757576% 0.263583% 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% 0.757576% 0.263583%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.387550% Weighted Average Net Coupon 3.017126% Weighted Average Pass-Through Rate 3.008126% Weighted Average Maturity (Stepdown Calculation) 320 Beginning Scheduled Collateral Loan Count 1,434 Number of Loans Paid in Full 30 Ending Scheduled Collateral Loan Count 1,404 Beginning Scheduled Collateral Balance 547,637,953.05 Ending Scheduled Collateral Balance 534,938,535.34 Ending Actual Collateral Balance at 30-June-2003 534,929,803.43 Monthly P&I Constant 1,545,959.09 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 14,010,566.29 Ending Scheduled Balance for Premium Loans 534,938,535.34 Scheduled Principal 0.00 Unscheduled Principal 12,699,417.71
MISCELLANEOUS REPORTING One Month Libor Loan Balance 177,694,561.75 Six Month Libor Loan Balance - POOL 1 58,622,045.63 Six Month Libor Loan Balance - POOL 2 254,610,516.84 Six Month Libor Loan Balance - POOL 3 44,011,411.12 Pro Rata Senior Percent 95.735444% 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 5.526672 3.077315 3.384384 3.387550 Weighted Average Net Rate 5.276672 2.689886 3.009384 3.017126 Pass-Through Rate 5.267672 2.680886 3.000384 3.008126 Weighted Average Maturity 344 311 348 320 Record Date 06/30/2003 06/30/2003 06/30/2003 06/30/2003 Principal and Interest Constant 293,020.56 1,123,798.47 129,140.06 1,545,959.09 Beginning Loan Count 129 1,167 138 1,434 Loans Paid in Full 10 14 6 30 Ending Loan Count 119 1,153 132 1,404 Beginning Scheduled Balance 63,623,217.63 438,225,578.33 45,789,157.09 547,637,953.05 Ending Scheduled Balance 58,622,045.63 432,305,078.59 44,011,411.12 534,938,535.34 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 5,001,172.00 5,920,499.74 1,777,745.97 12,699,417.71 Scheduled Interest 293,020.56 1,123,798.47 129,140.06 1,545,959.09 Servicing Fee 13,254.84 141,484.37 14,309.11 169,048.32 Master Servicing Fee 477.17 3,286.69 343.42 4,107.28 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 279,288.55 979,027.41 114,487.53 1,372,803.49 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