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EX-10.1 3 f90804eexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2002-10 RECORD DATE: APRIL 30, 2003 DISTRIBUTION DATE: MAY 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- ----------------------------------------------------------------------------------------------- Certificate Certificate Class Pass-Through Beginning Interest Principal Class CUSIP Description Rate Certificate Balance Distribution Distribution - ----------------------------------------------------------------------------------------------- 1A 81743VAA1 SEN 1.72938% 790,940,172.64 1,139,863.43 9,690,513.07 2A-1 81743VAB9 SEN 1.70839% 185,042,623.79 263,590.13 3,266,238.49 2A-2 81743VAN3 SEN 2.00938% 3,500,000.00 5,860.69 0.00 X-1A 81743VAC7 IO 1.15840% 0.00 364,731.97 0.00 X-1B 81743VAD5 IO 1.23674% 0.00 425,754.66 0.00 X-2 81743VAP8 IO 1.25564% 0.00 197,284.90 0.00 X-B 81743VAE3 IO 0.69709% 0.00 14,943.87 0.00 A-R 81743VAF0 SEN 3.37678% 0.00 0.00 0.00 B-1 81743VAG8 SUB 2.12938% 12,600,000.00 22,358.49 0.00 B-2 81743VAH6 SUB 2.12938% 8,400,000.00 14,905.66 0.00 B-3 81743VAJ2 SUB 2.72938% 4,725,000.00 10,746.93 0.00 B-4 SMT0210B4 SUB 2.93667% 2,625,000.00 6,423.97 0.00 B-5 SMT0210B5 SUB 2.93667% 2,100,000.00 5,139.18 0.00 B-6 SMT0210B6 SUB 2.93667% 3,685,162.00 9,018.43 0.00 - ----------------------------------------------------------------------------------------------- Totals 1,013,617,958.43 2,480,622.31 12,956,751.56 - ----------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ---------------------------------------------------------------------------------- 1A 81743VAA1 0.00 781,249,659.57 10,830,376.50 0.00 2A-1 81743VAB9 0.00 181,776,385.30 3,529,828.62 0.00 2A-2 81743VAN3 0.00 3,500,000.00 5,860.69 0.00 X-1A 81743VAC7 0.00 0.00 364,731.97 0.00 X-1B 81743VAD5 0.00 0.00 425,754.66 0.00 X-2 81743VAP8 0.00 0.00 197,284.90 0.00 X-B 81743VAE3 0.00 0.00 14,943.87 0.00 A-R 81743VAF0 0.00 0.00 0.00 0.00 B-1 81743VAG8 0.00 12,600,000.00 22,358.49 0.00 B-2 81743VAH6 0.00 8,400,000.00 14,905.66 0.00 B-3 81743VAJ2 0.00 4,725,000.00 10,746.93 0.00 B-4 SMT0210B4 0.00 2,625,000.00 6,423.97 0.00 B-5 SMT0210B5 0.00 2,100,000.00 5,139.18 0.00 B-6 SMT0210B6 0.00 3,685,162.00 9,018.43 0.00 - ---------------------------------------------------------------------------------- Totals 0.00 1,000,661,206.87 15,437,373.87 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 822,375,000.00 790,940,172.64 0.00 9,690,513.07 0.00 2A-1 190,000,000.00 185,042,623.79 0.00 3,266,238.49 0.00 2A-2 3,500,000.00 3,500,000.00 0.00 0.00 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-2 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 12,600,000.00 12,600,000.00 0.00 0.00 0.00 B-2 8,400,000.00 8,400,000.00 0.00 0.00 0.00 B-3 4,725,000.00 4,725,000.00 0.00 0.00 0.00 B-4 2,625,000.00 2,625,000.00 0.00 0.00 0.00 B-5 2,100,000.00 2,100,000.00 0.00 0.00 0.00 B-6 3,685,162.00 3,685,162.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------- Totals 1,050,010,262.00 1,013,617,958.43 0.00 12,956,751.56 0.00 - ---------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------ Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------ 1A 0.00 9,690,513.07 781,249,659.57 0.94999199 9,690,513.07 2A-1 0.00 3,266,238.49 181,776,385.30 0.95671782 3,266,238.49 2A-2 0.00 0.00 3,500,000.00 1.00000000 0.00 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-2 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 12,600,000.00 1.00000000 0.00 B-2 0.00 0.00 8,400,000.00 1.00000000 0.00 B-3 0.00 0.00 4,725,000.00 1.00000000 0.00 B-4 0.00 0.00 2,625,000.00 1.00000000 0.00 B-5 0.00 0.00 2,100,000.00 1.00000000 0.00 B-6 0.00 0.00 3,685,162.00 1.00000000 0.00 - ------------------------------------------------------------------------------------------ Totals 0.00 12,956,751.56 1,000,661,206.87 0.95300136 12,956,751.56 - ------------------------------------------------------------------------------------------
(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 822,375,000.00 961.77555573 0.00000000 11.78356962 0.00000000 2A-1 190,000,000.00 973.90854626 0.00000000 17.19072889 0.00000000 2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 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-2 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 12,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------ - -------------------------------------------------------------------------------------- Ending Realized Total Principal Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------------- 1A 0.00000000 11.78356962 949.99198610 0.94999199 11.78356962 2A-1 0.00000000 17.19072889 956.71781737 0.95671782 17.19072889 2A-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 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-2 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
- ------------------------------------------------------------------------------------------------ Beginning Payment of Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------------ 1A 822,375,000.00 1.72938% 790,940,172.64 1,139,863.43 0.00 0.00 2A-1 190,000,000.00 1.70839% 185,042,623.79 263,590.13 0.00 0.00 2A-2 3,500,000.00 2.00938% 3,500,000.00 5,860.69 0.00 0.00 X-1A 0.00 1.15840% 377,831.666.52 364,731.97 0.00 0.00 X-1B 0.00 1.23674% 413,108,506.12 425,754.66 0.00 0.00 X-2 0.00 1.25564% 188,542,623.79 197,284.90 0.00 0.00 X-B 0.00 0.69709% 25,725,000.00 14,943.87 0.00 0.00 A-R 100.00 3.37678% 0.00 0.00 0.00 0.00 B-1 12,600,000.00 2.12938% 12,600,000.00 22,358.49 0.00 0.00 B-2 8,400,000.00 2.12938% 8,400,000.00 14,905.66 0.00 0.00 B-3 4,725,000.00 2.72938% 4,725,000.00 10,746.93 0.00 0.00 B-4 2,625,000.00 2.93667% 2,625,000.00 6,423.97 0.00 0.00 B-5 2,100,000.00 2.93667% 2,100,000.00 5,139.18 0.00 0.00 B-6 3,685,162.00 2.93667% 3,685,162.00 9,018.43 0.00 0.00 - ------------------------------------------------------------------------------------------------ Totals 1,050,010,262.00 2,480,622.31 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 1,139,863.43 0.00 781,249,659.57 2A-1 0.00 0.00 263,590.13 0.00 181,776,385.30 2A-2 0.00 0.00 5,860.69 0.00 3,500,000.00 X-1A 0.00 0.00 364,731.97 0.00 372,934,288.25 X-1B 0.00 0.00 425,754.66 0.00 408,315,371.32 X-2 0.00 0.00 197,284.90 0.00 185,276,385.30 X-B 0.00 0.00 14,943.87 0.00 25,725,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 22,358.49 0.00 12,600,000.00 B-2 0.00 0.00 14,905.66 0.00 8,400,000.00 B-3 0.00 0.00 10,746.93 0.00 4,725,000.00 B-4 0.00 0.00 6,423.97 0.00 2,625,000.00 B-5 0.00 0.00 5,139.18 0.00 2,100,000.00 B-6 0.00 0.00 9,018.43 0.00 3,685,162.00 - ----------------------------------------------------------------------- Totals 0.00 0.00 2,480,622.31 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Class Amount Rate Notional Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------------------ 1A 822,375,000.00 1.72938% 961.77555573 1.38606284 0.00000000 0.00000000 2A-1 190,000,000.00 1.70839% 973.90854626 1.38731647 0.00000000 0.00000000 2A-2 3,500,000.00 2.00938% 1000.00000000 1.67448286 0.00000000 0.00000000 X-1A 0.00 1.15840% 961.50208372 0.92816611 0.00000000 0.00000000 X-1B 0.00 1.23674% 962.02581120 0.99147552 0.00000000 0.00000000 X-2 0.00 1.25564% 974.38048470 1.01956021 0.00000000 0.00000000 X-B 0.00 0.69709% 1000.00000000 0.58090845 0.00000000 0.00000000 A-R 100.00 3.37678% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 2.12938% 1000.00000000 1.77448333 0.00000000 0.00000000 B-2 8,400,000.00 2.12938% 1000.00000000 1.77448333 0.00000000 0.00000000 B-3 4,725,000.00 2.72938% 1000.00000000 2.27448254 0.00000000 0.00000000 B-4 2,625,000.00 2.93667% 1000.00000000 2.44722667 0.00000000 0.00000000 B-5 2,100,000.00 2.93667% 1000.00000000 2.44722857 0.00000000 0.00000000 B-6 3,685,162.00 2.93667% 1000.00000000 2.44722756 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------ - --------------------------------------------------------------------------------- Non- Remaining Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class Shortfall Loss (6) Distribution Shortfall Notational Balance - --------------------------------------------------------------------------------- 1A 0.00000000 0.00000000 1.38606284 0.00000000 949.99198610 2A-1 0.00000000 0.00000000 1.38731647 0.00000000 956.71781737 2A-2 0.00000000 0.00000000 1.67448286 0.00000000 1000.00000000 X-1A 0.00000000 0.00000000 0.92816611 0.00000000 949.03928659 X-1B 0.00000000 0.00000000 0.99147552 0.00000000 950.86380575 X-2 0.00000000 0.00000000 1.01956021 0.00000000 957.50069922 X-B 0.00000000 0.00000000 0.58090845 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.77448333 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 1.77448333 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.27448254 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.44722667 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.44722857 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.44722756 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 15,643,662.20 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,882.08 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 15,648,544.28 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 211,170.41 Payment of Interest and Principal 15,437,373.87 ------------- Total Withdrawals (Pool Distribution Amount) 15,648,544.28 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 211,170.41 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------- Net Servicing Fee 211,170.41 =============
- ------------------------------------------------------------------------------------------ Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------------ Class X-A Basis Risk Reserve Fund 8,000.00 0.00 0.00 8,000.00 Class X-B Basis Risk Reserve Fund 2,000.00 0.00 0.00 2,000.00 - ------------------------------------------------------------------------------------------
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
- --------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------------------------------------------------------------------------------- No. of Principal No.of Principal No.of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 2 1,800,000.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 41,716.18 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 ------------------------- ----------------------- ----------------------- 2 1,841,716.18 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 0.074710% 0.179881% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.037355% 0.004169% 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% ------------------------- ----------------------- ----------------------- 0.112066% 0.184050% 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 2 1,800,000.00 60 Days 0 0.00 60 Days 1 41,716.18 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 2 1,841,716.18 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 0.074710% 0.179881% 60 Days 0.000000% 0.000000% 60 Days 0.037355% 0.004169% 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% 0.112066% 0.184050% - ------------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4,882.08
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
- ------------------------------------------------------------------------------------------------------------- Original $ Original % Current $ Current % Current Class % Prepayment % ---------------- ------------- ---------------- ------------- --------------- ------------- Class A 1,050,010,162.00 99.99999048% 1,000,661,206.87 100.00000000% 96.588739% 0.000000% Class 1A 227,635,162.00 21.67932736% 219,411,547.30 21.92665667% 78.073343% 2,288.694747% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 3.76102938% 18.165627% 532.519474% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.41126065% 0.349769% 10.253357% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.41126065% 0.000000% 0.000000% Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.15209322% 1.259167% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.31264827% 0.839445% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.84046048% 0.472188% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.57813393% 0.262327% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.36827270% 0.209861% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.368273% 10.795795%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 163,046.00 0.01552804% 163,046.00 0.01629383% Fraud 31,500,308.00 3.00000001% 31,500,308.00 3.14794935% Special Hazard 11,240,000.00 1.07046573% 11,119,781.26 1.11124336%
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 2 1,800,000.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 41,716.18 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 ------------------------ ---------------------- ---------------------- 3 1,841,716.18 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 0.094563% 0.222529% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.047281% 0.005157% 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% ------------------------ ---------------------- ---------------------- 0.141844% 0.227687% 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 2 1,800,000.00 60 Days 0 0.00 60 Days 1 41,716.18 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 3 1,841,716.18 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 0.094563% 0.222529% 60 Days 0.000000% 0.000000% 60 Days 0.047281% 0.005157% 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% 0.141844% 0.227687% - -------------------------------------------------------------------------
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 3.186754% Weighted Average Net Coupon 2.936754% Weighted Average Pass-Through Rate 2.936754% Weighted Average Maturity (Stepdown Calculation) 291 Beginning Scheduled Collateral Loan Count 2,703 Number of Loans Paid in Full 26 Ending Scheduled Collateral Loan Count 2,677 Beginning Scheduled Collateral Balance 1,013,617,958.43 Ending Scheduled Collateral Balance 1,000,661,206.87 Ending Actual Collateral Balance at 30-Apr-03 1,000,661,207.47 Monthly P&I Constant 2,691,792.73 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 15,353,837.35 Ending Scheduled Balance for Premium Loans 1,000,661,206.87 Scheduled Principal 0.00 Unscheduled Principal 12,956,751.56
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.178692 3.220590 3.186754 Weighted Average Net Rate 2.928692 2.970590 2.936754 Pass-Through Rate 2.928692 2.970590 2.936754 Weighted Average Maturity 291 291 291 Record Date 04/30/2003 04/30/2003 04/30/2003 Principal and Interest Constant 2,168,323.93 523,468.80 2,691,792.73 Beginning Loan Count 2,136 576 2,703 Loans Paid in Full 21 5 26 Ending Loan Count 2,115 562 2,677 Beginning Scheduled Balance 818,572,169.64 195,045,788.79 1,013,617,958.43 Ending Scheduled Balance 808,881,656.57 191,779,550.30 1,000,661,206.87 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 9,690,513.07 3,266,238.49 12,956,751.56 Scheduled Interest 2,168,323.93 523,468.80 2,691,792.73 Servicing Fee 170,535.87 40,634.54 211,170.41 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,997,788.06 482,834.26 2,480,622.32 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 386,124,590.49 Six Month LIBOR Loans 422,757,066.08 Pro Rata Senior Percentage 96.624366% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group 2 Pro Rata Senior Percentage 96.665826% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%