Certificateholder Distribution Statement for SMT Series 2002-10 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2002-10 as of March 31, 2003. It details the principal and interest distributions, balances, and realized losses for each class of certificates. The statement confirms that all distributions were calculated according to the Pooling and Servicing Agreement, with no realized losses reported for this period. The report provides transparency to investors regarding the performance and payments of their securities.

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EX-10.1 3 f89899exv10w1.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: MARCH 31, 2003 DISTRIBUTION DATE: APRIL 21, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ ---------------- ------------ 1A 81743VAA1 SEN 1.68375% 797,231,976.84 1,118,616.12 2A-1 81743VAB9 SEN 1.66375% 185,348,095.17 256,977.41 2A-2 81743VAN3 SEN 1.96375% 3,500,000.00 5,727.60 X-1A 81743VAC7 IO 1.20506% 0.00 381,573.45 X-1B 81743VAD5 IO 1.28442% 0.00 446,616.40 X-2 81743VAP8 IO 1.30123% 0.00 204,779.49 X-B 81743VAE3 IO 0.74405% 0.00 15,950.61 A-R 81743VAF0 SEN 3.37674% 0.00 0.00 B-1 81743VAG8 SUB 2.08375% 12,600,000.00 21,879.38 B-2 81743VAH6 SUB 2.08375% 8,400,000.00 14,586.25 B-3 81743VAJ2 SUB 2.68375% 4,725,000.00 10,567.27 B-4 SMT0210B4 SUB 2.93801% 2,625,000.00 6,426.89 B-5 SMT0210B5 SUB 2.93801% 2,100,000.00 5,141.51 B-6 SMT0210B6 SUB 2.93801% 3,685,162.00 9,022.52 ---------------- ------------ Totals 1,020,215,234.01 2,497,864.90
Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Loss - ------ ------------ -------- ---------------- ------------ ---------- 1A 6,291,804.20 0.00 790,940,172.64 7,410,420.32 0.00 2A-1 305,471.38 0.00 185,042,623.79 562,448.79 0.00 2A-2 0.00 0.00 3,500,000.00 5,727.60 0.00 X-1A 0.00 0.00 0.00 381,573.45 0.00 X-1B 0.00 0.00 0.00 446,616.40 0.00 X-2 0.00 0.00 0.00 204,779.49 0.00 X-B 0.00 0.00 0.00 15,950.61 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 12,600,000.00 21,879.38 0.00 B-2 0.00 0.00 8,400,000.00 14,586.25 0.00 B-3 0.00 0.00 4,725,000.00 10,567.27 0.00 B-4 0.00 0.00 2,625,000.00 6,426.89 0.00 B-5 0.00 0.00 2,100,000.00 5,141.51 0.00 B-6 0.00 0.00 3,685,162.00 9,022.52 0.00 ------------ -------- ---------------- ------------ ---------- Totals 6,597,275.58 0.00 1,013,617,958.43 9,095,140.48 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 822,375,000.00 797,231,976.84 0.00 6,291,804.20 0.00 2A-1 190,000,000.00 185,348,095.17 0.00 305,471.38 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 1,020,215,234.01 0.00 6,597,275.58 0.00
Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (1) Reduction Balance Percentage Distribution ----- -------- ------------ ---------------- ----------- ------------ 1A 0.00 6,291,804.20 790,940,172.64 0.96177556 6,291,804.20 2A-1 0.00 305,471.38 185,042,623.79 0.97390855 305,471.38 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 6,597,275.58 1,013,617,958.43 6,597,275.58
(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 822,375,000.00 969.42632843 0.00000000 7.65077270 0.00000000 2A-1 190,000,000.00 975.51629037 0.00000000 1.60774411 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
Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution - ------ ---------- ---------- ------------- ----------- ------------ 1A 0.00000000 7.65077270 961.77555573 0.96177556 7.65077270 2A-1 0.00000000 1.60774411 973.90854626 0.97390855 1 ###-###-#### 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 Current Certificate/ Current Unpaid Original Face Certificate Notional Accrued Interest Class Amount Rate Balance Interest Shortfall ----- ------ ---- ------- -------- --------- 1A 822,375,000.00 1.68375% 797,231,976.84 1,118,616.12 0.00 2A-1 190,000,000.00 1.66375% 185,348,095.17 256,977.41 0.00 2A-2 3,500,000.00 1.96375% 3,500,000.00 5,727.60 0.00 X-1A 0.00 1.20506% 379,970,434.22 381,573.45 0.00 X-1B 0.00 1.28442% 417,261,542.62 446,616.40 0.00 X-2 0.00 1.30123% 188,848,095.17 204,779.49 0.00 X-B 0.00 0.74405% 25,725,000.00 15,950.61 0.00 A-R 100.00 3.37674% 0.00 0.00 0.00 B-1 12,600,000.00 2.08375% 12,600,000.00 21,879.38 0.00 B-2 8,400,000.00 2.08375% 8,400,000.00 14,586.25 0.00 B-3 4,725,000.00 2.68375% 4,725,000.00 10,567.27 0.00 B-4 2,625,000.00 2.93801% 2,625,000.00 6,426.89 0.00 B-5 2,100,000.00 2.93801% 2,100,000.00 5,141.51 0.00 B-6 3,685,162.00 2.93801% 3,685,162.00 9,022.52 0.00 ---------------- ------------ ---------- Totals 1,050,010,262.00 2,497,864.90 0.00
Non- Remaining Ending Current Supported Total Unpaid Certificate/ Interest Interest Realized Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance ----- --------- --------- -------- ------------ --------- -------------- 1A 0.00 0.00 0.00 1,118,616.12 0.00 790,940,172.64 2A-1 0.00 0.00 0.00 256,977.41 0.00 185,042,623.79 2A-2 0.00 0.00 0.00 5,727.60 0.00 3,500,000.00 X-1A 0.00 0.00 0.00 381,573.45 0.00 377,831,666.52 X-1B 0.00 0.00 0.00 446,616.40 0.00 413,108,506.12 X-2 0.00 0.00 0.00 204,779.49 0.00 188,542,623.79 X-B 0.00 0.00 0.00 15,950.61 0.00 25,725,000.00 A-R 0.00 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 0.00 21,879.38 0.00 12,600,000.00 B-2 0.00 0.00 0.00 14,586.25 0.00 8,400,000.00 B-3 0.00 0.00 0.00 10,567.27 0.00 4,725,000.00 B-4 0.00 0.00 0.00 6,426.89 0.00 2,625,000.00 B-5 0.00 0.00 0.00 5,141.51 0.00 2,100,000.00 B-6 0.00 0.00 0.00 9,022.52 0.00 3,685,162.00 --------- --------- -------- ------------ --------- Totals 0.00 0.00 0.00 2,497,864.90 0.00
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Beginning Payment of Current Certificate/ Current Unpaid Class Original Face Certificate Notional Accrued Interest (5) Amount Rate Balance Interest Shortfall - ------ -------------- ----------- ------------- ---------- ---------- 1A 822,375,000.00 1.68375% 969.42632843 1.36022632 0.00000000 2A-1 190,000,000.00 1.66375% 975.51629037 1.35251268 0.00000000 2A-2 3,500,000.00 1.96375% 1000.00000000 1.63645714 0.00000000 X-1A 0.00 1.20506% 966.94479746 0.97102414 0.00000000 X-1B 0.00 1.28442% 971.69718869 1.04005727 0.00000000 X-2 0.00 1.30123% 975.95914817 1.05829194 0.00000000 X-B 0.00 0.74405% 1000.00000000 0.62004315 0.00000000 A-R 100.00 3.37674% 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 2.08375% 1000.00000000 1.73645873 0.00000000 B-2 8,400,000.00 2.80375% 1000.00000000 1.73645833 0.00000000 B-3 4,725,000.00 2.68375% 1000.00000000 2.23645926 0.00000000 B-4 2,625,000.00 2.93801% 1000.00000000 2.44833905 0.00000000 B-5 2,100,000.00 2.93801% 1000.00000000 2.44833810 0.00000000 B-6 3,685,162.00 2.93801% 1000.00000000 2.44833741 0.00000000
Non- Remaining Ending Current Supported Total Unpaid Certificate/ Class Interest Interest Realized Interest Interest Notational (5) Shortfall Shortfall Loss (6) Distribution Shortfall Balance - ------ ---------- ---------- --------- ------------ ---------- ------------- 1A 0.00000000 0.00000000 0.00000000 1.36022632 0.00000000 961.77555573 2A-1 0.00000000 0.00000000 0.00000000 1.35251268 0.00000000 973.90854626 2A-2 0.00000000 0.00000000 0.00000000 1.63645714 0.00000000 1000.00000000 X-1A 0.00000000 0.00000000 0.00000000 0.97102414 0.00000000 961.50208372 X-1B 0.00000000 0.00000000 0.00000000 1.04005727 0.00000000 962.02581120 X-2 0.00000000 0.00000000 0.00000000 1.05829194 0.00000000 974.38048470 X-B 0.00000000 0.00000000 0.00000000 0.62004315 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 0.00000000 1.73645873 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 0.00000000 1.73645833 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 0.00000000 2.23645926 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 0.00000000 2.44833905 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 0.00000000 2.44833810 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 0.00000000 2.44833741 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 9,306,000.76 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,684.56 Realized Losses 0.00 Prepayment Penalties 0.00 -------------- Total Deposits 9,307,685.32 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 212,544.84 Payment of Interest and Principal 9,095,140.48 -------------- Total Withdrawals (Pool Distribution Amount) 9,307,685.32 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 212,544.84 Supported Prepayment/Curtailment Interest Shortfall 0.00 -------------- Net Servicing Fee 212,544.84 ==============
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 3 696,115.46 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 ---------------------- --------------------- --------------------- 3 696,115.46 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 0.110988% 0.068676% 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% ---------------------- --------------------- --------------------- 0.110988% 0.068676% 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 3 696,115.46 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 3 696,115.46
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 0.110988% 0.068676% 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% 0.110988% 0.068676%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,684.56 Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ Original % Current $ ---------------- ------------ ---------------- Class A 1,050,010,162.00 99.99999048% 1,013,617,958.43 Class 1A 227,635,162.00 21.67932736% 222,677,785.79 Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 Class X-2 34,135,162.00 3.25093604% 34,135,162.00 Class B-1 21,535,162.00 2.05094776% 21,535,162.00 Class B-2 13,135,162.00 1.25095558% 13,135,162.00 Class B-3 8,410,162.00 0.80095998% 8,410,162.00 Class B-4 5,785,162.00 0.55096242% 5,785,162.00 Class B-5 3,685,162.00 0.35096438% 3,685,162.00 Class B-6 0.00 0.00000000% 0.00
Current % Current Class % Prepayment % ------------- --------------- ------------- Class A 100.00000000% 96.632344% 0.000000% Class 1A 21.96861095% 78.031389% 2,317.083401% Class 2-A-1 3.71295336% 18.255658% 542.088020% Class 2-A-2 3.36765561% 0.345298% 10.253357% Class X-2 3.36765561% 0.000000% 0.000000% Class B-1 2.12458371% 1.243072% 36.912085% Class B-2 1.29586911% 0.828715% 24.608057% Class B-3 0.82971715% 0.466152% 13.842032% Class B-4 0.57074383% 0.258973% 7.690018% Class B-5 0.36356518% 0.207179% 6.152014% Class B-6 0.00000000% 0.363565% 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 0.01608555% Fraud 31,500,308.00 3.00000001% 31,500,308.00 3.10771013% Special Hazard 11,240,000.00 1.07046573% 11,179,999.98 1.10297967%
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 2 407,716.18 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 ---------------------- --------------------- --------------------- 2 407,716.18 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 0.093633% 0.049808% 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% ---------------------- --------------------- --------------------- 0.093633% 0.049808% 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 2 407,716.18 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 2 407,716.18
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 0.093633% 0.049808% 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% 0.093633% 0.049808%
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 1 288,399.28 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 ---------------------- --------------------- --------------------- 1 288,399.28 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 0.176367% 0.147862% 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% ---------------------- --------------------- --------------------- 0.176367% 0.147862% 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 1 288,399.28 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 1 288,399.28
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 0.176367% 0.147862% 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% 0.176367% 0.147862%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 3.188045% Weighted Average Net Coupon 2.938045% Weighted Average Pass-Through Rate 2.938045% Weighted Average Maturity (Stepdown Calculation) 292 Beginning Scheduled Collateral Loan Count 2,716 Number of Loans Paid in Full 13 Ending Scheduled Collateral Loan Count 2,703 Beginning Scheduled Collateral Balance 1,020,215,234.01 Ending Scheduled Collateral Balance 1,013,617,958.43 Ending Actual Collateral Balance at 31-Mar-03 1,013,617,958.81 Monthly P&I Constant 2,710,409.73 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 9,011,566.05 Ending Scheduled Balance for Premium Loans 1,013,617,958.43 Scheduled Principal 0.00 Unscheduled Principal 6,597,275.58
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.180348 3.220543 3.188045 Weighted Average Net Rate 2.930348 0.970543 2.938045 Pass-Through Rate 2.930348 2.970543 2.938045 Weighted Average Maturity 292 292 292 Record Date 03/31/2003 03/31/2003 03/31/2003 Principal and Interest Constant 2,186,128.77 524,280.96 2,710,409.73 Beginning Loan Count 2,148 586 2,716 Loans Paid in Full 12 1 13 Ending Loan Count 2,136 567 2,703 Beginning Scheduled Balance 824,863,973.84 195,351,260.17 1,020,215,234.01 Ending Scheduled Balance 818,572,169.64 195,045,788.79 1,013,617,958.43 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 6,291,804.20 305,471.38 6,597,275.58 Scheduled Interest 2,186,128.77 524,280.96 2,710,409.73 Servicing Fee 171,846.66 40,698.18 212,544.84 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 2,014,282.11 483,582.78 2,497,864.89 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 391,031,455.63 Six Month LIBOR Loans 427,540,714.01 Pro Rata Senior Percentage 96.650115% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
Group 2 Pro Rata Senior Percentage 96.671040% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%