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

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2002-9 trust. It summarizes the interest and principal payments made to holders of various classes of certificates as of March 31, 2003, with distributions occurring on April 21, 2003. The statement details the amounts distributed, current balances, and realized losses for each class, as calculated under the Pooling and Servicing Agreement. No realized losses were reported for this period, and all distributions were made as required by the agreement.

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EX-10.1 3 f89898exv10w1.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: MARCH 31, 2003 DISTRIBUTION DATE: APRIL 21, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - ----------- --------- ----------- ------------- -------------- -------------- -------------- 1A 81743SAA8 SEN 1.63375% 369,490,316.43 503,045.67 2,226,165.63 2A 81743SAB6 SEN 3.00471% 151,944,948.51 380,458.28 2,953,063.28 X-1A 81743SAC4 IO 1.07472% 0.00 176,250.77 0.00 X-1B 81743SAD2 IO 1.09054% 0.00 156,941.95 0.00 X-B 81743SAE0 IO 0.77071% 0.00 4,946.67 0.00 A-R 81743SAF7 SEN 3.16257% 0.00 0.00 0.00 B-1 81743SAG5 SUB 2.03375% 7,702,000.00 13,053.29 0.00 B-2 81743SAH3 SUB 2.80446% 4,564,000.00 10,666.30 0.00 B-3 81743SAJ9 SUB 2.80446% 3,424,000.00 8,002.06 0.00 B-4 SMT0209B4 SUB 2.80446% 1,426,000.00 3,332.63 0.00 B-5 SMR0209B5 SUB 2.80446% 856,000.00 2,000.51 0.00 B-6 SMT0209B6 SUB 2.80446% 1,997,086.78 4,667.29 0.00 - ----------- --------- ----------- ------------- -------------- -------------- -------------- Totals 541,404,351.72 1,263,365.42 5,179,228.91 - ----------- --------- ----------- ------------- -------------- -------------- --------------
Ending Current Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ----------- --------- --------------- -------------- -------------- -------------- 1A 81743SAA8 0.00 367,264,150.80 2,729,211.30 0.00 2A 81743SAB6 0.00 148,991,885.23 3,333,521.56 0.00 X-1A 81743SAC4 0.00 0.00 176,250.77 0.00 X-1B 81743SAD2 0.00 0.00 156,941.95 0.00 X-B 81743SAE0 0.00 0.00 4,946.67 0.00 A-R 81743SAF7 0.00 0.00 0.00 0.00 B-1 81743SAG5 0.00 7,702,000.00 13,053.29 0.00 B-2 81743SAH3 0.00 4,564,000.00 10,666.30 0.00 B-3 81743SAJ9 0.00 3,424,000.00 8,002.06 0.00 B-4 SMT0209B4 0.00 1,426,000.00 3,332.63 0.00 B-5 SMR0209B5 0.00 856,000.00 2,000.51 0.00 B-6 SMT0209B6 0.00 1,997,086.78 4,667.29 0.00 - ----------- --------- --------------- -------------- -------------- -------------- Totals 0.00 536,225,122.81 6,442,594.33 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 Class Amount Balance Distribution Distribution Accretion Loss (1) - ----------- -------------- -------------- ------------- ------------- ---------- ---------- 1A 381,698,000.00 369,490,316.43 0.07 2,226,165.56 0.00 0.00 2A 168,875,000.00 151,944,948.51 0.23 2,953,063.05 0.00 0.00 X-1A 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 X-B 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 B-1 7,702,000.00 7,702,000.00 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 B-3 3,424,000.00 3,424,000.00 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 B-5 856,000.00 856,000.00 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 - ----------- -------------- -------------- ------------- ------------- ---------- ---------- Totals 570,533,186.78 541,404,351.72 0.30 5,179,228.61 0.00 0.00 - ----------- -------------- -------------- ------------- ------------- ---------- ----------
Ending Ending Total Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----------- ---------------- --------------- --------------- ---------------- 1A 2,226,165.63 367,264,150.80 0.96220785 2,226,165.53 2A 2,953,063.28 148,991,885.23 0.88226135 2,953,063.28 X-1A 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 7,702,000.00 1.00000000 0.00 B-2 0.00 4,564,000.00 1.00000000 0.00 B-3 0.00 3,424,000.00 1.00000000 0.00 B-4 0.00 1,426,000.00 1.00000000 0.00 B-5 0.00 856,000.00 1.00000000 0.00 B-6 0.00 1,997,086.78 1.00000000 0.00 - ----------- ---------------- --------------- --------------- ---------------- Totals 5,179,228.91 536,225,122.81 0.93986666 5,179,228.91 - ----------- ---------------- --------------- --------------- ----------------
(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 Class Amount Balance Distribution Distribution Accretion Loss (3) - ----------- -------------- -------------- ------------- ------------- ----------- ----------- 1A 381,698,000.00 968.04025379 0.00000018 5.83240691 0.00000000 0.00000000 2A 168,875,000.00 899.74802967 0.00000136 17.48667979 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 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 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----------- ------------ --------------- --------------- ---------------- 1A 5.83240709 962.20784670 0.96220785 5.83240709 2A 17.48668115 882.26134851 0.88226135 17.48668115 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 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 1.63375% 369,490,316.43 503,045.67 0.00 0.00 2A 168,875,000.00 3.00471% 151,944,948.51 380,458.29 0.00 0.00 X-1A 0.00 1.07472% 196,796,284.83 176,250.77 0.00 0.00 X-1B 0.00 1.09054% 172,694,031.60 156,941.96 0.00 0.00 X-B 0.00 0.77071% 7,702,000.00 4,946.67 0.00 0.00 A-R 100.00 3.16257% 0.00 0.00 0.00 0.00 B-1 7,702,000.00 2.03375% 7,702,000.00 13,053.29 0.00 0.00 B-2 4,564,000.00 2.80446% 4,564,000.00 10,666.30 0.00 0.00 B-3 3,424,000.00 2.80446% 3,424,000.00 8,002.06 0.00 0.00 B-4 1,426,000.00 2.80446% 1,426,000.00 3,332.63 0.00 0.00 B-5 856,000.00 2.80446% 856,000.00 2,000.51 0.00 0.00 B-6 1,997,086.78 2.80446% 1,997,086.78 4,667.29 0.00 0.00 - --------- --------------- ------------ ---------------- ----------- ----------- ----------- Totals 570,533,186.78 1,263,365.44 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 0.00 503,045.67 0.00 367,264,150.80 2A 0.00 0.00 380,458.28 0.00 148,991,885.23 X-1A 0.00 0.00 176,250.77 0.00 196,398,774.06 X-1B 0.00 0.00 156,941.95 0.00 170,865,376.74 X-B 0.00 0.00 4,946.67 0.00 7,702,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 13,053.29 0.00 7,702,000.00 B-2 0.00 0.00 10,666.30 0.00 4,564,000.00 B-3 0.00 0.00 8,002.06 0.00 3,424,000.00 B-4 0.00 0.00 3,332.63 0.00 1,426,000.00 B-5 0.00 0.00 2,000.51 0.00 856,000.00 B-6 0.00 0.00 4,667.29 0.00 1,997,086.78 - --------- ---------- ---------- --------------- ----------- --------------- Totals 0.00 0.00 1,263,365.42 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 Current Unpaid Current Original Face Certificate Certificate/ Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------- --------------- ----------- ---------------- ----------- ----------- ---------- 1A 381,698,000.00 1.63375% 968.04025379 1.31794647 0.00000000 0.00000000 2A 168,875,000.00 3.00471% 899.74802967 2.25289883 0.00000000 0.00000000 X-1A 0.00 1.07472% 965.79335993 0.86496462 0.00000000 0.00000000 X-1B 0.00 1.09054% 970.61351721 0.88208021 0.00000000 0.00000000 X-B 0.00 0.77071% 1000.00000000 0.64225786 0.00000000 0.00000000 A-R 100.00 3.16257% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 2.03375% 1000.00000000 1.69479226 0.00000000 0.00000000 B-2 4,564,000.00 3.80446% 1000.00000000 2.33705083 0.00000000 0.00000000 B-3 3,424,000.00 3.80446% 1000.00000000 2.33705023 0.00000000 0.00000000 B-4 1,426,000.00 3.80446% 1000.00000000 2.33704769 0.00000000 0.00000000 B-5 856,000.00 3.80446% 1000.00000000 2.33704439 0.00000000 0.00000000 B-6 1,997,086.78 3.80446% 1000.00000000 2.33704917 0.00000000 0.00000000
Non- Remaining Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- ---------- ---------- -------------- ---------- ------------------ 1A 0.00000000 0.00000000 1.31794647 0.00000000 962.20784670 2A 0.00000000 0.00000000 2.25289877 0.00000000 882.26134851 X-1A 0.00000000 0.00000000 0.86496462 0.00000000 963.84254433 X-1B 0.00000000 0.00000000 0.88208015 0.00000000 960.33570327 X-B 0.00000000 0.00000000 0.64225786 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.69479226 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.33705083 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.33705023 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.33704769 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.33704439 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.33704917 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 67,614,383.32 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,679.17 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 6,616,062.49 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 173,468.15 Payment of Interest and Principal 6,442,594.34 ------------- Total Withdrawals (Pool Distribution Amount) 6,616,062.49 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 169,407.62 Master Servicing Fee 4,060.53 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------- Net Servicing Fee 173,468.15 =============
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 1 281,003.92 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 1 500,000.00 180+ Days 0 0.00 180+ Days 0 0.00 --------------------- --------------------- --------------------- 2 781,003.92 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 0.068918% 0.0562405% 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 0.068918% 0.093246% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ---------------------- ---------------------- ---------------------- 0.137836% 0.145650% 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 1 281,003.92 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 1 500,000.00 -------------------- ------------------------ 0 0.00 2 781,003.92
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 0.068918% 0.0562405% 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 0.068918% 0.093246% --------------------- ----------------------- 0.000000% 0.000000% 0.137836% 0.145650%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,679.17
Original $ Original % Current $ Current % Current Class % Prepayment % -------------- ------------ -------------- ------------- --------------- ------------- Class A 570,533,086.78 99.99998247% 536,225,122.81 100.00000000% 96.275988% 0.000000% Class 1A 188,844,086.78 33.09957968% 168,960,972.01 31.50933532% 68.490665% 1,839.163477% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.72401179% 27.785324% 746.112663% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.28767476% 1.436337% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.43653970% 0.851135% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.79800192% 0.638538% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.53206884% 0.265933% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.37243439% 0.159634% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.372434% 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 0.01864888% Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.19194220% Special Hazard 6,000,000.00 1.05164785% 5,998,997.50 1.11874607%
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 1 281,003.92 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 1 500,000.00 180+Days 0 0.00 180+ Days 0 0.00 --------------------- -------------------- --------------------- 2 781,003.92 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 0.100301% 0.073733% 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 0.100301% 0.131196% 180+Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ---------------------- --------------------- ---------------------- 0.200602% 0.204930% 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 1 281,003.92 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 1 500,000.00 -------------------- -------------------- 0 0.00 2 781,003.92
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 0.100301% 0.073733% 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 0.100301% 0.131196% --------------------- ---------------------- 0.000000% 0.000000% 0.200602% 0.204930%
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 3.184681% Weighted Average Net Coupon 2.809196% Weighted Average Pass-Through Rate 2.800196% Weighted Average Maturity (Stepdown Calculation) 325 Beginning Scheduled Collateral Loan Count 1,464 Number of Loans Paid in Full 13 Ending Scheduled Collateral Loan Count 1,451 Beginning Scheduled Collateral Balance 541,404,351.73 Ending Scheduled Collateral Balance 536,225,122.82 Ending Actual Collateral Balance at 31-Mar-2003 536,218,118.28 Monthly P&I Constant 1,436,833.88 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 6,395,925.59 Ending Scheduled Balance for Premium Loans 536,225,122.82 Scheduled Principal 0.30 Unscheduled Principal 5,179,228.61
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.311613% 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 3.100550 3.388706 3.184681 Weighted Average Net Rate 2.724866 3.013706 2.809196 Pass-Through Rate 2.715866 3.004706 2.800196 Weighted Average Maturity 309 351 325 Record Date 03/31/2003 03/31/2003 03/31/2003 Principal and Interest Constant 990,456.46 446,377.42 1,436,833.88 Beginning Loan Count 1,003 461 1,464 Loans Paid in Full 6 7 13 Ending Loan Count 997 454 1,451 Beginning Scheduled Balance 383,334,403.22 158,069,948.51 541,404,351.73 Ending Scheduled Balance 381,108,237.59 155,116,885.23 536,225,122.82 Scheduled Principal 0.07 0.23 0.30 Unscheduled Principal 2,226,165.56 2,953,063.05 5,179,228.61 Scheduled Interest 990,456.39 446,377.19 1,436,833.58 Servicing Fee 120,010.76 49,396.86 169,407.62 Master Servicing Fee 2,875.01 1,185.52 4,060.53 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 867,570.62 395,794.81 1,263,365.43 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 203,802,060.41 Six Month LIBOR Loans 177,306,177.18