Wells Fargo Bank Minnesota, N.A. SMT Series 2002-9 Certificateholder Distribution Statement (June 2003)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2002-9 trust. It details the principal and interest payments made to certificateholders as of the May 30, 2003 record date and June 20, 2003 distribution date. The statement lists the classes of certificates, their balances, interest rates, and distributions, confirming that all payments were made according to the Pooling and Servicing Agreement. No realized losses are reported for this period.

Read More Arrow
EX-10.1 3 f91335dexv10w1.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: MAY 30, 2003 DISTRIBUTION DATE: JUNE 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ----------------------------------------------------------------------------------------------- 1A 81743SAA8 SEN 1.66813% 364,878,423.65 507,220.54 2A 81743SAB6 SEN 2.99944% 143,141,742.68 357,787.73 X-1A 81743SAC4 IO 0.91556% 0.00 148,807.62 X-1B 81743SAD2 IO 1.04711% 0.00 148,200.75 X-B 81743SAE0 IO 0.68553% 0.00 4,399.97 A-R 81743SAF7 SEN 3.16231% 0.00 0.00 B-1 81743SAG5 SUB 2.06813% 7,702,000.00 13,273.95 B-2 81743SAH3 SUB 2.75366% 4,564,000.00 10,473.09 B-3 81743SAJ9 SUB 2.75366% 3,424,000.00 7,857.11 B-4 SMT0209B4 SUB 2.75366% 1,426,000.00 3,272.27 B-5 SMR0209B5 SUB 2.75366% 856,000.00 1,964.28 B-6 SMT0209B6 SUB 2.75366% 1,997,086.78 4,582.75 - ----------------------------------------------------------------------------------------------- Totals 527,989,253.11 1,207,840.06 - ----------------------------------------------------------------------------------------------- Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------------------------------------------------------------------------------------------------ 1A 3,337,803.88 0.00 361,540,619.77 3,845,024.42 0.00 2A 4,035,870.08 0.00 139,105,872.60 4,393,657.81 0.00 X-1A 0.00 0.00 0.00 148,807.62 0.00 X-1B 0.00 0.00 0.00 148,200.75 0.00 X-B 0.00 0.00 0.00 4,399.97 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 7,702,000.00 13,273.95 0.00 B-2 0.00 0.00 4,564,000.00 10,473.09 0.00 B-3 0.00 0.00 3,424,000.00 7,857.11 0.00 B-4 0.00 0.00 1,426,000.00 3,272.27 0.00 B-5 0.00 0.00 856,000.00 1,964.28 0.00 B-6 0.00 0.00 1,997,086.78 4,582.75 0.00 - -------------------------------------------------------------------------------------------- Totals 7,373,673.96 0.00 520,615,579.15 8,581,514.02 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 Class Amount Balance Distribution Distribution Accretion - ------------------------------------------------------------------------------------------ 1A 381,698,000.00 364,878,423.65 0.00 3,337,803.88 0.00 2A 168,875,000.00 143,141,742.68 0.00 4,035,870.08 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 7,702,000.00 0.00 0.00 0.00 B-2 4,564,000.00 4,564,000.00 0.00 0.00 0.00 B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 B-5 856,000.00 856,000.00 0.00 0.00 0.00 B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 - --------------------------------------------------------------------------------------- Totals 570,533,186.78 527,989,253.11 0.00 7,373,673.96 0.00 - --------------------------------------------------------------------------------------- Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - --------------------------------------------------------------------------------------------------------- 1A 0.00 3,337,803.88 361,540,619.77 0.94721257 3,337,803.88 2A 0.00 4,035,870.08 139,105,872.60 0.82372093 4,035,870.08 X-1A 0.00 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 7,702,000.00 1.00000000 0.00 B-2 0.00 0.00 4,564,000.00 1.00000000 0.00 B-3 0.00 0.00 3,424,000.00 1.00000000 0.00 B-4 0.00 0.00 1,426,000.00 1.00000000 0.00 B-5 0.00 0.00 856,000.00 1.00000000 0.00 B-6 0.00 0.00 1,997,086.78 1.00000000 0.00 - -------------------------------------------------------------------------------------------------------- Totals 0.00 7,373,673.96 520,615,579.15 0.91250709 7,373,673.96 - --------------------------------------------------------------------------------------------------------
(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 Class Amount Balance Distribution Distribution Accretion - ------------------------------------------------------------------------------------------ 1A 381,698,000.00 995.95739896 0.00000000 8.74482597 0.00000000 2A 168,875,000.00 847.61949774 0.00000000 23.89856450 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------ Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------------------------------------- 1A 0.00000000 8.74482597 947.21257298 0.94721257 8.74482597 2A 0.00000000 23.89856450 823.72093323 0.82372093 23.89856450 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 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
Payment of Current Beginning Current Unpaid Current Original Face Certificate Certificate/ Accrued Interest Interest Class Amount Rate Notional Balance Interest Shortfall Shortfall - ----------------------------------------------------------------------------------------------------------- 1A 381,698,000.00 1.66813% 364,878,423.65 507,220.54 0.00 0.00 2A 168,875,000.00 2.99944% 143,141,742.68 357,787.73 0.00 0.00 X-1A 0.00 0.91556% 195,038,613.32 148,807.62 0.00 0.00 X-1B 0.00 1.04711% 169,839,810.33 148,200.75 0.00 0.00 X-B 0.00 0.68553% 7,702,000.00 4,399.97 0.00 0.00 A-R 100.00 3.16231% 0.00 0.00 0.00 0.00 B-1 7,702,000.00 2.06813% 7,702,000.00 13,273.95 0.00 0.00 B-2 4,564,000.00 2.75366% 4,564,000.00 10,473.09 0.00 0.00 B-3 3,424,000.00 2.75366% 3,424,000.00 7,857.11 0.00 0.00 B-4 1,426,000.00 2.75366% 1,426,000.00 3,272.27 0.00 0.00 B-5 856,000.00 2.75366% 856,000.00 1,964.28 0.00 0.00 B-6 1,997,086.78 2.57366% 1,997,086.78 4,582.75 0.00 0.00 - --------------------------------------------------------------------------------------------------------- Totals 570,533,186.78 1,207,840.06 0.00 0.00 - --------------------------------------------------------------------------------------------------------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss(4) Distribution Shortfall Balance - ------------------------------------------------------------------------------------- 1A 0.00 0.00 507,220.54 0.00 361,540,619.77 2A 0.00 0.00 357,787.73 0.00 139,105,872.60 X-1A 0.00 0.00 148,807.62 0.00 193,282,052.75 X-1B 0.00 0.00 148,200.75 0.00 168,258,567.02 X-B 0.00 0.00 4,399.97 0.00 7,702,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 13,273.95 0.00 7,702,000.00 B-2 0.00 0.00 10,473.09 0.00 4,564,000.00 B-3 0.00 0.00 7,857.11 0.00 3,424,000.00 B-4 0.00 0.00 3,272.27 0.00 1,426,000.00 B-5 0.00 0.00 1,964.28 0.00 856,000.00 B-6 0.00 0.00 4,582.75 0.00 1,997,086.78 - ------------------------------------------------------------------------------------- Totals 0.00 0.00 1,207,840.06 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 Current Beginning Unpaid Current Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------------------------------------------------------------------------------------------------------- 1A 381,698,000.00 1.66813% 955.95739896 1.32888435 0.00000000 0.00000000 2A 168,875,000.00 2.99944% 847.61949774 2.11865421 0.00000000 0.00000000 X-1A 0.00 0.91556% 957.16744773 0.73028519 0.00000000 0.00000000 X-1B 0.00 1.04711% 954.57158617 0.83295091 0.00000000 0.00000000 X-B 0.00 0.68553% 1000.00000000 0.57127629 0.00000000 0.00000000 A-R 100.00 3.16231% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 2.06813% 1000.00000000 1.72344196 0.00000000 0.00000000 B-2 4,564,000.00 2.75366% 1000.00000000 2.29471735 0.00000000 0.00000000 B-3 3,424,000.00 2.75366% 1000.00000000 2.29471671 0.00000000 0.00000000 B-4 1,426,000.00 2.75366% 1000.00000000 2.29471950 0.00000000 0.00000000 B-5 856,000.00 2.75366% 1000.00000000 2.29471963 0.00000000 0.00000000 B-6 1,997,086.78 2.75366% 1000.00000000 2.29471751 0.00000000 0.00000000 - --------------------------------------------------------------------------------------------------------- Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------------------------------------------------------------------------------------------- 1A 0.00000000 0.00000000 1.32888435 0.00000000 947.21257298 2A 0.00000000 0.00000000 2.11865421 0.00000000 823.72093323 X-1A 0.00000000 0.00000000 0.73028519 0.00000000 948.54698756 X-1B 0.00000000 0.00000000 0.83295091 0.00000000 945.68432981 X-B 0.00000000 0.00000000 0.57127629 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.72344196 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.29471735 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.29471671 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.29471950 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.29471963 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.29471751 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 8,749,559.45 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,129.88 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 8,750,689.33 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 169,175.31 Payment of Interest and Principal 8,581,514.02 ------------- Total Withdrawals (Pool Distribution Amount) 8,750,689.33 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 165,215.40 Master Servicing Fee 3,959.91 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------- Net Servicing Fee 169,175.31 =============
- -------------------------------------------------------------------------------------------------- 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 1 451,952.78 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 --------------------- ----------------- ------------------ 1 451,952.78 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 0.070721% 0.086813% 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% --------------------- -------------------- --------------------- 0.070721% 0.086813% 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 1 451,952.78 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 1 451,952.78 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 0.070721% 0.086813% 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% 0.070721% 0.086813% - ---------------------------------------------------------------------
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% 520,615,579.15 100.00000000% 96.164332% 0.000000% Class 1A 188,844,086.78 33.09957968% 159,074,959.38 30.55516695% 69.444833% 1,810.501520% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.83566831% 26.719499% 696.606080% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.35626579% 1.479403% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.47961127% 0.876655% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.82192830% 0.657683% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.54802178% 0.273907% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.38360104% 0.164421% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.383601% 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 0.01920803% Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.28764576% Special Hazard 6,000,000.00 1.05164785% 5,998,992.48 1.15228831%
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 1 451,952.78 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 --------- ---------- -------- -------- -------- -------- 1 451,952.78 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 0.101833% 0.120397% 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% -------- --------- -------- -------- -------- -------- 0.101833% 0.120397% 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 1 451,952.78 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 1 451,952.78 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 0.101833% 0.120397% 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% 0.101833% 0.120397% - --------------------------------------------------------------------------
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 3.129644% Weighted Average Net Coupon 2.754147% Weighted Average Pass-Through Rate 2.745147% Weighted Average Maturity (Stepdown Calculation) 323 Beginning Scheduled Collateral Loan Count 1,433 Number of Loans Paid in Full 19 Ending Scheduled Collateral Loan Count 1,414 Beginning Scheduled Collateral Balance 527,989,253.12 Ending Scheduled Collateral Balance 520,615,579.16 Ending Actual Collateral Balance at 30-May-2003 520,607,618.34 Monthly P&I Constant 1,377,015.37 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 8,535,690.60 Ending Scheduled Balance for Premium Loans 520,615,579.16 Scheduled Principal 0.00 Unscheduled Principal 7,373,673.96
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.217899% 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 3.029614 3.383441 3.129644 Weighted Average Net Rate 2.653921 3.008441 2.754147 Pass-Through Rate 2.644921 2.999441 2.745147 Weighted Average Maturity 307 349 323 Record Date 05/30/2003 05/30/2003 05/30/2003 Principal and Interest Constant 956,152.63 420,862.74 1,377,015.37 Beginning Loan Count 991 442 1,433 Loans Paid in Full 9 10 19 Ending Loan Count 982 432 1,414 Beginning Scheduled Balance 378,722,510.44 149,266,742.68 527,989,253.12 Ending Scheduled Balance 375,384,706.56 145,230,872.60 510,615,579.16 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 3,337,803.88 4,035,870.08 7,373,673.96 Scheduled Interest 956,152.63 420,862.74 1,377,015.37 Servicing Fee 118,569.54 46,645.86 165,215.40 Master Servicing Fee 2,840.41 1,119.50 3,959.91 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 834,742.68 373,097.38 1,207,840.06 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 200,683,194.88 Six Month LIBOR Loans 174,701,511.68