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EX-10.1 3 f92527cexv10w1.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 ###-###-#### FAX: (301) 315-6660 SMT SERIES 2002-9 RECORD DATE: JUNE 30, 2003 DISTRIBUTION DATE: JULY 21, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Pass- Beginning Current Ending Class Through Certificate Interest Principal Realized Certificate Class CUSIP Description Rate Balance Distribution Distribution Loss Balance ----- ----- ----------- ---- ------- ------------ ------------ ---- ------- 1A 81743SAA8 SEN 1.45375% 361,540,619.77 437,991.40 4,696,413.78 0.00 356,844,205.99 2A 81743SAB6 SEN 2.99084% 139,105,872.60 346,702.38 911,454.20 0.00 138,194,418.40 X-1A 81743SAC4 IO 1.20174% 0.00 193,571.93 0.00 0.00 0.00 X-1B 81743SAD2 IO 1.24625% 0.00 174,752.34 0.00 0.00 0.00 X-B 81743SAE0 IO 0.91896% 0.00 5,917.44 0.00 0.00 0.00 A-R 81743SAF7 SEN 3.16138% 0.00 0.00 0.00 0.00 0.00 B-1 81743SAG5 SUB 1.85375% 7,702,000.00 11,897.99 0.00 0.00 7,702,000.00 B-2 81743SAH3 SUB 2.77271% 4,564,000.00 10,545.53 0.00 0.00 4,564,000.00 B-3 81743SAJ9 SUB 2.77271% 3,424,000.00 7,911.46 0.00 0.00 3,424,000.00 B-4 SMT0209B4 SUB 2.77271% 1,426,000.00 3,294.90 0.00 0.00 1,426,000.00 B-5 SMR0209B5 SUB 2.77271% 856,000.00 1,977.86 0.00 0.00 856,000.00 B-6 SMT0209B6 SUB 2.77271% 1,997,086.78 4,614.45 0.00 0.00 1,997,086.78 --- --------- --- ------- ------------ -------- ---- ---- ------------ Totals 520,615,579.15 1,199,177.68 5,607,867.98 0.00 515,007,711.17 -------------- ------------ ------------ ---- --------------
Cumulative Total Realized Class Distribution Loss ----- ------------ ---- 1A 5,134,405.18 0.00 2A 1,258,156.58 0.00 X-1A 193,571.93 0.00 X-1B 174,752.34 0.00 X-B 5,917.44 0.00 A-R 0.00 0.00 B-1 11,897.99 0.00 B-2 10,545.53 0.00 B-3 7,911.46 0.00 B-4 3,294.90 0.00 B-5 1,977.86 0.00 B-6 4,614.45 0.00 --- ------------ ---- Totals 6,807,045.66 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
Original Beginning Scheduled Unscheduled Total Ending Face Certificate Principal Principal Realized Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance ----- ------ ------- ------------ ------------ --------- -------- --------- ------- 1A 381,698,000.00 361,540,619.77 0.00 4,696,413.78 0.00 0.00 4,696,413.78 356,844,205.99 2A 168,875,000.00 139,105,872.60 0.00 911,454.20 0.00 0.00 911,454.20 138,194,418.40 X-1A 0.00 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 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 7,702,000.00 7,702,000.00 0.00 0.00 0.00 0.00 0.00 7,702,000.00 B-2 4,564,000.00 4,564,000.00 0.00 0.00 0.00 0.00 0.00 4,564,000.00 B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 0.00 0.00 3,424,000.00 B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 0.00 0.00 1,426,000.00 B-5 856,000.00 856,000.00 0.00 0.00 0.00 0.00 0.00 856,000.00 B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 0.00 0.00 1,997,086.78 --- -------------- -------------- ---- ------------ ---- ---- ------------ --------------- Totals 570,533,186.78 520,615,579.15 0.00 5,607,867.98 0.00 0.00 5,607,867.98 515,007,711.17 -------------- -------------- ---- ------------ ---- ---- ------------ ---------------
Ending Total Certificate Principal Class Percentage Distribution ----- ---------- ------------ 1A 0.93490828 4,696,413.78 2A 0.81832372 911,454.20 X-1A 0.00000000 0.00 X-1B 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 0.90267792 5,607,867.98 ---------- ------------
(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
Original Beginning Scheduled Unscheduled Total Ending Face Certificate Principal Principal Realized Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- ------ ------- ------------ ------------ --------- -------- --------- ------- 1A 381,698,000.00 947.21257298 0.00000000 12.30429428 0.00000000 0.00000000 12.30429428 934.90827870 2A 168,875,000.00 823.72093323 0.00000000 5.39721214 0.00000000 0.00000000 5.39721214 818.32372110 X-1A 0.00 0.00000000 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 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 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
Ending Total Certificate Principal Class Percentage Distribution - ----- ---------- ------------ 1A 0.93490828 12.30429428 2A 0.81832372 5.39721214 X-1A 0.00000000 0.00000000 X-1B 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- Original Current Certificate/ Current Unpaid Current Supported Total Face Certificate Notional Accrued Interest Interest Interest Realized Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution ----- ------ ---- ------- -------- --------- --------- --------- -------- ------------ 1A 381,698,000.00 1.45375% 361,540,619.77 437,991.40 0.00 0.00 0.00 0.00 437,991.40 2A 168,875,000.00 2.99084% 139,105,872.60 346,702.39 0.00 0.00 0.00 0.00 346,702.38 X-1A 0.00 1.20174% 193,282,052.75 193,561.81 0.00 0.00 0.00 0.00 193,571.93 X-1B 0.00 1.24625% 168,258,567.02 174,743.21 0.00 0.00 0.00 0.00 174,752.34 X-B 0.00 0.91896% 7,702,000.00 5,898.18 0.00 0.00 0.00 0.00 5,917.44 A-R 100.00 3.16138% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 1.85375% 7,702,000.00 11,897.99 0.00 0.00 0.00 0.00 11,897.99 B-2 4,564,000.00 2.77271% 4,564,000.00 10,545.53 0.00 0.00 0.00 0.00 10,545.53 B-3 3,424,000.00 2.77271% 3,424,000.00 7,911.46 0.00 0.00 0.00 0.00 7,911.46 B-4 1,426,000.00 2.77271% 1,426,000.00 3,294.90 0.00 0.00 0.00 0.00 3,294.90 B-5 856,000.00 2.77271% 856,000.00 1,977.86 0.00 0.00 0.00 0.00 1,977.86 B-6 1,997,086.78 2.77271% 1,997,086.78 4,614.45 0.00 0.00 0.00 0.00 4,614.45 --- -------------- ------- -------------- ------------ ---- ---- ---- ---- ------------ Totals 570,533,186.78 1,199,139.18 0.00 0.00 0.00 0.00 1,199,177.68 -------------- ------------ ---- ---- ---- ---- ------------
Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance ----- --------- ------- 1A 0.00 356,844,205.99 2A 0.00 138,194,418.40 X-1A 0.00 191,158,118.00 X-1B 0.00 165,686,087.99 X-B 0.00 7,702,000.00 A-R 0.00 0.00 B-1 0.00 7,702,000.00 B-2 0.00 4,564,000.00 B-3 0.00 3,424,000.00 B-4 0.00 1,426,000.00 B-5 0.00 856,000.00 B-6 0.00 1,997,086.78 --- ---- ------------ Totals 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- Original Current Beginning Current Unpaid Current Supported Class Face Certificate Certificate/ Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) --- ------ ---- ---------------- -------- --------- --------- --------- -------- 1A 381,698,000.00 1.45375% 947.21257298 1.14750857 0.00000000 0.00000000 0.00000000 0.00000000 2A 168,875,000.00 2.99084% 823.72093323 2.05301193 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.20174% 948.54698756 0.94991992 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.24625% 945.68432981 0.98213077 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.91896% 1000.00000000 0.76579849 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.16138% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1.85375% 1000.00000000 1.54479226 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 2.77271% 1000.00000000 2.31058940 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 2.77271% 1000.00000000 2.31058995 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 2.77271% 1000.00000000 2.31058906 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 2.77271% 1000.00000000 2.31058411 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 2.77271% 1000.00000000 2.31059063 0.00000000 0.00000000 0.00000000 0.00000000
Remaining Ending Total Unpaid Certificate/ Class Interest Interest Notational (5) Distribution Shortfall Balance --- ------------ --------- ------- 1A 1.14750857 0.00000000 934.90827870 2A 2.05301187 0.00000000 818.32372110 X-1A 0.94996958 0.00000000 938.12360950 X-1B 0.98218208 0.00000000 931.22590935 X-B 0.76829914 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.54479226 0.00000000 1000.00000000 B-2 2.31058940 0.00000000 1000.00000000 B-3 2.31058995 0.00000000 1000.00000000 B-4 2.31058906 0.00000000 1000.00000000 B-5 2.31058411 0.00000000 1000.00000000 B-6 2.31059063 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 6,973,822.89 Liquidations, Insurance Proceeds, Reserve Funds 38.51 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,129.88 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 6,974,991.28 Withdrawals Reimbursement for Servicer Advances 1,129.88 Payment of Service Fee 166,815.74 Payment of Interest and Principal 6,807,045.66 ------------ Total Withdrawals (Pool Distribution Amount) 6,974,991.28 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 162,911.11 Master Servicing Fee 3,904.63 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 166,815.74 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ ------- ----------- -------- ------- X-1 Basis Risk Reserve Fund 5,000.00 19.25 19.25 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 19.26 19.26 5,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY - -------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 1 451,952.78 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 ----- ------- ----- ------- 1 451,952.78 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 0.071429% 0.087758% 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% --------- --------- --------- --------- 0.071429% 0.087758% 0.000000% 0.000000%
FORECLOSURE REO TOTAL - ---------------------------------- -------------------------------- --------------------------------- 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 1 451,952.78 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 1 451,952.78
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 0.071429% 0.087758% 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% 0.071429% 0.087758% Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,129.88
Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 570,533,086.78 99.99998247% 515,007,711.17 100.00000000% 96.122565% 0.000000% Class 1A 188,844,086.78 33.09957968% 158,163,505.18 30.71090039% 69.289100% 1,786.983100% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.87743452% 26.833466% 692.041754% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.38192293% 1.495512% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.49572261% 0.886200% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.83087820% 0.664844% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.55398914% 0.276889% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.38777803% 0.166211% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.387778% 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 0.01941718% Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.32344461% Special Hazard 6,000,000.00 1.05164785% 5,998,492.48 1.16473838%
Limit of subordinate's exposure to certain types of losses DELINQUENCY STATUS BY GROUP GROUP 1
DELINQUENT BANKRUPTCY - ----------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 1 451,952.78 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 -------- -------- -------- -------- 1 451,952.78 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 0.102881% 0.121923% 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% -------- -------- -------- -------- 0.102881% 0.121923% 0.000000% 0.000000%
FORECLOSURE REO TOTAL - ----------------------------------- ---------------------------------- ---------------------------------- 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 1 451,952.78 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 1 451,952.78
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 0.102881% 0.121923% 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% 0.102881% 0.121923%
GROUP 2
DELINQUENT BANKRUPTCY - ---------------------------------- ---------------------------------- 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%
FORECLOSURE REO TOTAL - --------------------------------- -------------------------------- --------------------------------- 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%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.148476% Weighted Average Net Coupon 2.772972% Weighted Average Pass-Through Rate 2.763972% Weighted Average Maturity (Stepdown Calculation) 322 Beginning Scheduled Collateral Loan Count 1,414 Number of Loans Paid in Full 14 Ending Scheduled Collateral Loan Count 1,400 Beginning Scheduled Collateral Balance 520,615,579.16 Ending Scheduled Collateral Balance 515,007,711.18 Ending Actual Collateral Balance at 30-June-2003 515,000,957.59 Monthly P&I Constant 1,365,954.91 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 6,760,866.79 Ending Scheduled Balance for Premium Loans 515,007,711.18 Scheduled Principal 0.00 Unscheduled Principal 5,607,867.98
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.164332% 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 3.060901 3.374836 3.148476 Weighted Average Net Rate 2.685202 2.999836 2.772972 Pass-Through Rate 2.676202 2.990836 2.763972 Weighted Average Maturity 306 348 322 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal and Interest Constant 957,512.92 408,441.99 1,365,954.91 Beginning Loan Count 982 432 1,414 Loans Paid in Full 10 4 14 Ending Loan Count 972 428 1,400 Beginning Scheduled Balance 375,384,706.56 145,230,872.60 520,615,579.16 Ending Scheduled Balance 370,688,292.78 144,319,418.40 515,007,711.18 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 4,696,413.78 911,454.20 5,607,867.98 Scheduled Interest 957,512.92 408,441.99 1,365,954.91 Servicing Fee 117,526.47 45,384.64 162,911.11 Master Servicing Fee 2,815.40 1,089.23 3,904.63 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 837,171.05 361,968.12 1,199,139.17 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 198,574,266.37 Six Month LIBOR Loans 172,114,026.41