Certificateholder Distribution Summary for SMT Series 2002-9 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2002-9, administered by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of April 30, 2003, with distributions occurring on May 20, 2003. The summary includes beginning and ending balances, distribution amounts, and realized losses for each class. All calculations are performed in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 3 f90804fexv10w1.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: APRIL 30, 2003 DISTRIBUTION DATE: MAY 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- -------------------------------------------------------------------------------------------------------------- Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss - -------------------------------------------------------------------------------------------------------------- 1A 81743SAA8 SEN 1.67938% 367,264,150.80 513,980.06 2,385,727.15 0.00 2A 81743SAB6 SEN 3.00218% 148,991,885.23 372,750.37 5,850,142.55 0.00 X-1A 81743SAC4 IO 1.02825% 0.00 168,289.85 0.00 0.00 X-1B 81743SAD2 IO 1.04288% 0.00 148,493.28 0.00 0.00 X-B 81743SAE0 IO 0.72332% 0.00 4,642.48 0.00 0.00 A-R 81743SAF7 SEN 3.16232% 0.00 0.00 0.00 0.00 B-1 81743SAG5 SUB 2.07938% 7,702,000.00 13,346.15 0.00 0.00 B-2 81743SAH3 SUB 2.80270% 4,564,000.00 10,659.95 0.00 0.00 B-3 81743SAJ9 SUB 2.80270% 3,424,000.00 7,997.02 0.00 0.00 B-4 SMT0209B4 SUB 2.80270% 1,426,000.00 3,330.54 0.00 0.00 B-5 SMR0209B5 SUB 2.80270% 856,000.00 1,999.26 0.00 0.00 B-6 SMT0209B6 SUB 2.80270% 1,997,086.78 4,664.36 0.00 0.00 - -------------------------------------------------------------------------------------------------------------- Totals 536,225,122.81 1,250,152.96 8,235,869.70 0.00 - -------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - ----------------------------------------------------------------- 1A 81743SAA8 364,878,423.65 2,899,707.21 0.00 2A 81743SAB6 143,141,742.68 6,222,892.92 0.00 X-1A 81743SAC4 0.00 168,289.85 0.00 X-1B 81743SAD2 0.00 148,493.28 0.00 X-B 81743SAE0 0.00 4,642.48 0.00 A-R 81743SAF7 0.00 0.00 0.00 B-1 81743SAG5 7,702,000.00 13,346.15 0.00 B-2 81743SAH3 4,564,000.00 10,659.59 0.00 B-3 81743SAJ9 3,424,000.00 7,997.02 0.00 B-4 SMT0209B4 1,426,000.00 3,330.54 0.00 B-5 SMR0209B5 856,000.00 1,999.26 0.00 B-6 SMT0209B6 1,997,086.78 4,664.36 0.00 - ----------------------------------------------------------------- Totals 527,989,253.11 9,486,022.66 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
- ---------------------------------------------------------------------------------------------------------------- Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ---------------------------------------------------------------------------------------------------------------- 1A 381,698,000.00 367,264,150.80 0.00 2,385,727.15 0.00 0.00 2,385,727.15 2A 168,875,000.00 148,991,885.23 0.00 5,850,142.55 0.00 0.00 5,850,142.55 X-1A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 7,702,000.00 0.00 0.00 0.00 0.00 0.00 B-2 4,564,000.00 4,564,000.00 0.00 0.00 0.00 0.00 0.00 B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 0.00 0.00 B-5 856,000.00 856,000.00 0.00 0.00 0.00 0.00 0.00 B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------- Totals 570,533,186.78 536,225,122.81 0.00 8,235,869.70 0.00 0.00 8,235,869.70 - ---------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----------------------------------------------------------------- 1A 364,878,423.65 0.95595740 2,385,727.15 2A 143,141,742.68 0.84761950 5,850,142.55 X-1A 0.00 0.00000000 0.00 X-1B 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 7,702,000.00 1.00000000 0.00 B-2 4,564,000.00 1.00000000 0.00 B-3 3,424,000.00 1.00000000 0.00 B-4 1,426,000.00 1.00000000 0.00 B-5 856,000.00 1.00000000 0.00 B-6 1,997,086.78 1.00000000 0.00 - --------------------------------------------------------------- Totals 527,989,253.11 0.92543127 8,235,869.70 - ---------------------------------------------------------------
(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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----------------------------------------------------------------------------------------------------------------------------- 1A 381,698,000.00 962.20784670 0.00000000 6.25044775 0.00000000 0.00000000 6.25044775 2A 168,875,000.00 882.26134851 0.00000000 34.64185078 0.00000000 0.00000000 34.64185078 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - -------------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ------------------------------------------------------------------- 1A 955.95739896 0.95595740 6.25044775 2A 847.61949774 0.84761950 34.64185078 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000 - -----------------------------------------------------------------
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
- ---------------------------------------------------------------------------------------------------------------------------- Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall - ---------------------------------------------------------------------------------------------------------------------------- 1A 381,698,000.00 1.67938% 367,264,150.80 513,980.06 0.00 0.00 0.00 2A 168,875,000.00 3.00218% 148,991,885.23 372,750.37 0.00 0.00 0.00 X-1A 0.00 1.02825% 196,398,774.06 168,289.85 0.00 0.00 0.00 X-1B 0.00 1.04288% 170,865,376.74 148,493.28 0.00 0.00 0.00 X-B 0.00 0.72332% 170,865,376.74 4,642.48 0.00 0.00 0.00 A-R 100.00 3.16232% 0.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 2.07938% 7,702,000.00 13,346.15 0.00 0.00 0.00 B-2 4,564,000.00 2.80270% 4,564,000.00 10,659.59 0.00 0.00 0.00 B-3 3,424,000.00 2.80270% 3,424,000.00 7,997.02 0.00 0.00 0.00 B-4 1,426,000.00 2.80270% 1,426,000.00 3,330.54 0.00 0.00 0.00 B-5 856,000.00 2.80270% 856,000.00 1,999.26 0.00 0.00 0.00 B-6 1,997,086.78 2.80270% 1,997,086.78 4,664.36 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------- Totals 570,533,186.78 1,250,152.96 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ----------------------------------------------------------------------- 1A 0.00 513,980.06 0.00 364,878,423.65 2A 0.00 372,750.37 0.00 143,141,742.68 X-1A 0.00 168,289.85 0.00 195,038,613.32 X-1B 0.00 148,493.28 0.00 169,839,810.33 X-B 0.00 4,642.48 0.00 7,702,000.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 13,346.15 0.00 7,702,000.00 B-2 0.00 10,659.59 0.00 4,564,000.00 B-3 0.00 7,997.02 0.00 3,424,000.00 B-4 0.00 3,330.54 0.00 1,426,000.00 B-5 0.00 1,999.26 0.00 856,000.00 B-6 0.00 4,664.36 0.00 1,997,086.78 - ---------------------------------------------------------------------- Totals 0.00 1,250,152.96 0.00 - ----------------------------------------------------------------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
- ----------------------------------------------------------------------------------------------------------------------------------- Payment of Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----------------------------------------------------------------------------------------------------------------------------------- 1A 381,698,000.00 1.67938% 962.20784670 1.34659385 0.00000000 0.00000000 0.00000000 0.00000000 2A 168,875,000.00 3.00218% 882.26134851 2.20725608 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.02825% 963.84254433 0.82589577 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.04288% 960.33570327 0.83459505 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.72332% 1000.00000000 0.60276292 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.16232% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 2.07938% 1000.00000000 1.73281615 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 2.80270% 1000.00000000 2.33558063 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 2.80270% 1000.00000000 2.33557827 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 2.80270% 1000.00000000 2.33558205 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 2.80270% 1000.00000000 2.33558411 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 2.80270% 1000.00000000 2.33558203 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------- Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ---------------------------------------------------------- 1A 1.34659385 0.00000000 955.95739896 2A 2.20725608 0.00000000 847.61949774 X-1A 0.82589577 0.00000000 957.16744773 X-1B 0.83459505 0.00000000 954.57158617 X-B 0.60276292 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.73281615 0.00000000 1000.00000000 B-2 2.33558063 0.00000000 1000.00000000 B-3 2.33557827 0.00000000 1000.00000000 B-4 2.33558205 0.00000000 1000.00000000 B-5 2.33558411 0.00000000 1000.00000000 B-6 2.33558203 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 9,657,833.42 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 9,657,833.42 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 171,810.77 Payment of Interest and Principal 9,486,022.65 ------------ Total Withdrawals (Pool Distribution Amount) 9,657,833.42 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 167,789.09 Master Servicing Fee 4,021.68 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 171,810.77 ==========
- -------------------------------------------------------------------------------------------------- Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------------------------- X-1 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 - --------------------------------------------------------------------------------------------------
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
- --------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------------------- ------------------ ---------------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- --------------------- --------------------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% - --------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------- REO TOTAL - -------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------------------ ----------------------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------------- ---------------------- 0.000000% 0.000000% 0.000000% 0.000000% - --------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
- ------------------------------------------------------------------------------------------------------------ Original $ Original % Current $ Current % Current Class % Prepayment % -------------- ------------ --------------- -------------- ---------------- ------------- Class A 570,533,086.78 99.99998247% 527,989,253.11 100.00000000% 96.217899% 0.000000% Class 1A 188,844,086.78 33.09957968% 163,110,829.46 30.89283134% 69.107169% 1,827.216375% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.78210099% 27.110730% 716.816669% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.32335918% 1.458742% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.45894765% 0.864412% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.81044960% 0.648498% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.54036834% 0.270081% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.37824383% 0.162125% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.378244% 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 0.01893978% Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.24173189% Special Hazard 6,000,000.00 1.05164785% 5,998,995.00 1.13619642% 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% - ----------------------------------------------------------------
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.182164% Weighted Average Net Coupon 2.806675% Weighted Average Pass-Through Rate 2.797675% Weighted Average Maturity (Stepdown Calculation) 324 Beginning Scheduled Collateral Loan Count 1,451 Number of Loans Paid in Full 18 Ending Scheduled Collateral Loan Count 1,433 Beginning Scheduled Collateral Balance 536,225,122.82 Ending Scheduled Collateral Balance 527,989,253.12 Ending Actual Collateral Balance at 30-Apr-2003 527,981,132.86 Monthly P&I Constant 1,421,963.75 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 9,439,383.27 Ending Scheduled Balance for Premium Loans 527,989,253.12 Scheduled Principal 0.00 Unscheduled Principal 8,235,869.70
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.275988% 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 3.099127 3.386180 3.182164 Weighted Average Net Rate 2.723438 3.011180 2.806675 Pass-Through Rate 2.714438 3.002180 2.797675 Weighted Average Maturity 308 350 324 Record Date 04/30/2003 04/30/2003 04/30/2003 Principal and Interest Constant 984,252.35 437,711.40 1,421,963.75 Beginning Loan Count 997 454 1,451 Loans Paid in Full 6 12 18 Ending Loan Count 991 442 1,433 Beginning Scheduled Balance 381,108,237.59 155,116,885.23 536,225,122.82 Ending Scheduled Balance 378,722,510.44 149,266,742.68 527,989,253.12 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 2,385,727.15 5,850,142.55 8,235,869.70 Scheduled Interest 984,252.35 437,711.40 1,421,963.75 Servicing Fee 119,315.06 48,474.03 167,789.09 Master Servicing Fee 2,858.31 1,163.37 4,021.68 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 862,078.98 388,074.00 1,250,152.98 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 202,438,698.71 Six Month LIBOR Loans 176,283,811.73