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EX-10.1 3 f89234exv10w1.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 2002-8 RECORD DATE: FEBRUARY 28, 2003 DISTRIBUTION DATE: MARCH 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Current Ending Class Certificate Pass- Certificate Interest Principal Realized Certificate Class CUSIP Description Through Rate Balance Distribution Distribution Loss Balance - ----- ----- ----------- ------------ ------- ------------ ------------ ---- ------- 1-A1 81743RAA0 SEN 1.47000% 17,921,964.19 20,490.78 3,882,326.14 0.00 14,039,638.05 1-A2 81743RAB8 SEN 3.45500% 61,468,000.00 176,976.62 0.00 0.00 61,468,000.00 2A 81743RAC6 SEN 1.64000% 439,299,949.57 600,376.60 4,480,808.59 0.00 434,819,140.98 3A 81743RAD4 SEN 3.31457% 46,935,053.91 129,641.13 501,036.98 0.00 46,434,016.93 X-1 81743RAE2 IO 2.33639% 0.00 154,571.72 0.00 0.00 0.00 X-2A 81743RAFf9 IO 1.09907% 0.00 163,111.92 0.00 0.00 0.00 X-2B 81743AFG7 IO 1.50095% 0.00 326,719.26 0.00 0.00 0.00 X-B 81743RAH5 IO 1.40807% 0.00 10,641.47 0.00 0.00 0.00 A-R 81743RAJ1 SEN 5.37355% 0.00 0.00 0.00 0.00 0.00 B-1 81743RAK8 SUB 2.01500% 9,069,000.00 15,228.36 0.00 0.00 9,069,000.00 B-2 81743RAL6 SUB 3.42307% 5,505,000.00 15,703.32 0.00 0.00 5,505,000.00 B-3 81743RAM4 SUB 3.42307% 3,886,000.00 11,085.03 0.00 0.00 3,886,000.00 B-4 SMT0208B4 SUB 3.42307% 1,618,000.00 4,615.44 0.00 0.00 1,618,000.00 B-5 SMT0208B5 SUB 3.42307% 970,000.00 2,766.98 0.00 0.00 970,000.00 B-6 SMT0208B6 SUB 3.42307% 2,306,324.82 6,578.92 0.00 0.00 2,306,324.82 -------------- ------------ ------------ ---- -------------- Totals 588,979,292.49 1,638,507.55 8,864,171.71 0.00 580,115,120.78 -------------- ------------ ------------ ---- --------------
Total Cumulative Class CUSIP Distribution Realized Loss - ----- ----- ------------ ------------- 1-A1 81743RAA0 3,902,816.92 0.00 1-A2 81743RAB8 176,976.62 0.00 2A 81743RAC6 5,081,185.19 0.00 3A 81743RAD4 630,678.11 0.00 X-1 81743RAE2 154,571.72 0.00 X-2A 81743RAFf9 163,111.92 0.00 X-2B 81743AFG7 326,719.26 0.00 X-B 81743RAH5 10,641.47 0.00 A-R 81743RAJ1 0.00 0.00 B-1 81743RAK8 15,228.36 0.00 B-2 81743RAL6 15,703.32 0.00 B-3 81743RAM4 11,085.03 0.00 B-4 SMT0208B4 4,615.44 0.00 B-5 SMT0208B5 2,766.98 0.00 B-6 SMT0208B6 6,578.92 0.00 ------------- ----- Totals 10,502,679.26 00.00 ------------- -----
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 Total Ending Original Face Certificate Principal Principal Realized Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ----- ------ ------- ------------ ------------ --------- -------- --------- ------- 1-A1 50,000,000.00 17,921,964.19 442.74 3,881,883.40 0.00 0.00 3,882,326.14 14,039,638.05 1-A2 61,468,000.00 61,468,000.00 0.00 0.00 0.00 0.00 0.00 61,468,000.00 2A 463,097,000.00 439,299,949.57 448.87 4,480,359.72 0.00 0.00 4,480,808.59 434,819,140.98 3A 49,973,000.00 46,935,053.91 0.00 501,036.98 0.00 0.00 501,036.98 46,434,016.93 X-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2B 0.00 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 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 9,069,000.00 9,069,000.00 0.00 0.00 0.00 0.00 0.00 9,069,000.00 B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 0.00 0.00 5,505,000.00 B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 0.00 0.00 3,886,000.00 B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 0.00 0.00 1,618,000.00 B-5 970,000.00 970,000.00 0.00 0.00 0.00 0.00 0.00 970,000.00 B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 0.00 0.00 2,306,324.82 -------------- -------------- ------ ------------ ---- ---- ------------ -------------- Totals 647,892,424.82 588,979,292.49 891.61 8,863,280.10 0.00 0.00 8,864,171.71 580,115,120.78 -------------- -------------- ------ ------------ ---- ---- ------------ --------------
Ending Total Certificate Principal Class Percentage Distribution - ----- ---------- ------------ 1-A1 0.28079276 3,882,326.14 1-A2 1.00000000 0.00 2A 0.93893750 4,480,808.59 3A 0.92918210 501,036.98 X-1 0.00000000 0.00 X-2A 0.00000000 0.00 X-2B 0.00000000 0.00 X-B 0.00000000 0.00 A-R 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 ---------- ------------ Totals 0.89538803 8,864,171.71 ---------- ------------
(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 Total Original Face Certificate Principal Principal Realized Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- ------ ------- ------------ ------------ --------- -------- --------- ------- 1-A1 50,000,000.00 358.43928380 0.00885480 77.63766800 0.00000000 0.00000000 77.64652280 280.79276100 1-A2 61,468,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 2A 463,097,000.00 948.61324856 0.00096928 9.67477595 0.00000000 0.00000000 9.67574523 938.93750333 3A 49,973,000.00 939.20825066 0.00000000 10.02615372 0.00000000 0.00000000 10.02615372 929.18209693 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00 0.00000000 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 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
Ending Certificate Total Principal Class Percentage Distribution - ----- ---------- ------------ 1-A1 0.28079276 77.64652280 1-A2 1.00000000 0.00000000 2A 0.93893750 9.67574523 3A 0.92918210 10.02615372 X-1 0.00000000 0.00000000 X-2A 0.00000000 0.00000000 X-2B 0.00000000 0.00000000 X-B 0.00000000 0.00000000 A-R 0.00000000 0.00000000 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 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 Realized Total Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ----- ------ ---------------- ------- -------- --------- --------- --------- -------- ------------ 1-A1 50,000,000.00 1.47000% 17,921,964.19 20,490.78 0.00 0.00 0.00 0.00 20,490.78 1-A2 61,468,000.00 3.45500% 61,468,000.00 176,976.62 0.00 0.00 0.00 0.00 176,976.62 2A 463,097,000.00 1.64000% 439,299,949.57 600,376.60 0.00 0.00 0.00 0.00 600,376.60 3A 49,973,000.00 3.31457% 46,935,053.91 129,641.13 0.00 0.00 0.00 0.00 129,641.13 X-1 0.00 2.33639% 79,389,964.19 154,571.72 0.00 0.00 0.00 0.00 154,571.72 X-2A 0.00 1.09907% 178,090,119.86 163,111.92 0.00 0.00 0.00 0.00 163,111.92 X-2B 0.00 1.50095% 261,209,829.71 326,719.27 0.00 0.00 0.00 0.00 326,719.26 X-B 0.00 1.40807% 9,069,000.00 10,641.47 0.00 0.00 0.00 0.00 10,641.47 A-R 100.00 5.37355% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 9,069,000.00 2.01500% 9,069,000.00 15,228.36 0.00 0.00 0.00 0.00 15,228.36 B-2 5,505,000.00 3.42307% 5,505,000.00 15,703.32 0.00 0.00 0.00 0.00 15,703.32 B-3 3,886,000.00 3.42307% 3,886,000.00 11,085.03 0.00 0.00 0.00 0.00 11,085.03 B-4 1,618,000.00 3.42307% 1,618,000.00 4,615.44 0.00 0.00 0.00 0.00 4,615.44 B-5 970,000.00 3.42307% 970,000.00 2,766.98 0.00 0.00 0.00 0.00 2,766.98 B-6 2,306,324.82 3.42307% 2,306,324.82 6,578.92 0.00 0.00 0.00 0.00 6,578.92 -------------- ------------ ---- ---- ---- ---- ------------ Totals 647,892,424.82 1,638,507.56 0.00 0.00 0.00 0.00 1,638,507.55 -------------- ------------ ---- ---- ---- ---- ------------
Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ----- --------- ------- 1-A1 0.00 14,039,638.05 1-A2 0.00 61,468,000.00 2A 0.00 434,819,140.98 3A 0.00 46,434,016.93 X-1 0.00 75,507,638.05 X-2A 0.00 176,603,538.55 X-2B 0.00 258,215,602.43 X-B 0.00 9,069,000.00 A-R 0.00 0.00 B-1 0.00 9,069,000.00 B-2 0.00 5,505,000.00 B-3 0.00 3,886,000.00 B-4 0.00 1,618,000.00 B-5 0.00 970,000.00 B-6 0.00 2,306,324.82 ---- Totals 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - --------- ------ ---- ---------------- -------- --------- --------- --------- -------- 1-A1 50,000,000.00 1.47000% 358.43928380 0.40981560 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 3.45500% 1000.00000000 2.87916672 0.00000000 0.00000000 0.00000000 0.00000000 2A 463,097,000.00 1.64000% 948.61324856 1.29643811 0.00000000 0.00000000 0.00000000 0.00000000 3A 49,973,000.00 3.31457% 939.20825066 2.59422348 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 2.33639% 712.22202058 1.38669143 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 1.09907% 945.45362503 0.86593662 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00 1.50095% 950.77958181 1.18922788 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.40807% 1000.00000000 1.17338957 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 5.37355% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 2.01500% 1000.00000000 1.67916639 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 3.42307% 1000.00000000 2.85255586 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 3.42307% 1000.00000000 2.85255533 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 3.42307% 1000.00000000 2.85255871 0.00000000 0.00000000 0.00000000 0.00000000 B-5 970,000.00 3.42307% 1000.00000000 2.82525670 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 3.42307% 1000.00000000 2.85255570 0.00000000 0.00000000 0.00000000 0.00000000
Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - --------- ------------ --------- ------------------ 1-A1 0.40981560 0.00000000 280.79276100 1-A2 2.87916672 0.00000000 1000.00000000 2A 1.29643811 0.00000000 938.93750333 3A 2.59422348 0.00000000 929.18209693 X-1 1.38669143 0.00000000 677.39295627 X-2A 0.86593662 0.00000000 937.56158874 X-2B 1.18922784 0.00000000 939.88087190 X-B 1.17338957 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.67916639 0.00000000 1000.00000000 B-2 2.85255586 0.00000000 1000.00000000 B-3 2.85255533 0.00000000 1000.00000000 B-4 2.85255871 0.00000000 1000.00000000 B-5 2.82525670 0.00000000 1000.00000000 B-6 2.85255570 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 10,686,588.79 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 437.39 Realized Losses 0.00 Prepayment Penalties 0.00 --------------- Total Deposits 10,687,026.18 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 184,346.91 Payment of Interest and Principal 10,502,679.27 Total Withdrawals (Pool Distribution Amount) 10,687,026.18 --------------- 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 179,929.55 Master Servicing Fee 4,417.36 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------- Net Servicing Fee 184,346.91 =============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ ------- ----------- -------- ------- Class X-1 Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00 Class X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-B Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00
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 1 161,500.00 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 --------- --------- --------- --------- --------- --------- 1 161,500.00 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 0.066225% 0.027839% 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% --------- --------- --------- --------- --------- --------- 0.066225% 0.027839% 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 1 161,500.00 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 1 161,500.00 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 0.066225% 0.027839% 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% 0.066225% 0.027839%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 437.39
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 647,892,324.82 99.99998457% 580,115,120.78 100.00000000% 95.974191% 0.000000% Class 1-A-1 597,892,324.82 92.28265402% 566,075,482.73 97.57985311% 2.420147% 60.115795% Class 1-A-2 536,424,324.82 82.79527654% 504,607,482.73 86.98402518% 10.595828% 263.197504% Class 2A 73,327,324.82 11.31782407% 69,788,341.75 12.03008493% 74.953940% 1,861.835631% Class 3A 23,354,324.82 3.60466089% 23,354,324.82 4.02580867% 8.004276% 198.824061% Class X-1 23,354,324.82 3.60466089% 23,354,324.82 4.02580867% 0.000000% 0.000000% Class B-1 14,285,324.82 2.20489147% 14,285,324.82 2.46249827% 1.563310% 38.832208% Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.51354869% 0.948950% 23.571651% Class B-3 4,894,324.82 0.75542245% 4,894,324.82 0.84368165% 0.669867% 16.639316% Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.56477149% 0.278910% 6.928053% Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.39756330% 0.167208% 4.153406% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.397563% 9.875365%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 126,045.00 0.01945462% 126,045.00 0.02172758% Fraud 19,436,773.00 3.00000004% 19,436,773.00 3.35050274% Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 2.67179728%
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 1 161,500.00 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 --------- ---------- --------- --------- --------- --------- 1 161,500.00 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 0.082988% 0.035721% 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% --------- --------- --------- --------- --------- --------- 0.082988% 0.035721% 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 1 161,500.00 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 1 161,500.00 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 0.082988% 0.035721% 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% 0.082988% 0.035721%
Group 3
- ------------------------------------ ---------------------------------- ------------------------------- 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 3.713926% Weighted Average Net Coupon 3.347333% Weighted Average Pass-Through Rate 3.338333% Weighted Average Maturity (Stepdown Calculation) 324 Beginning Scheduled Collateral Loan Count 1,527 Number of Loans Paid in Full 17 Ending Scheduled Collateral Loan Count 1,510 Beginning Scheduled Collateral Balance 588,979,292.49 Ending Scheduled Collateral Balance 580,115,120.78 Ending Actual Collateral Balance at 28-Feb-2003 580,114,443.82 Monthly P&I Constant 1,823,746.08 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,436,059.74 Ending Scheduled Balance for Premium Loans 580,115,120.78 Scheduled Principal 891.61 Unscheduled Principal 8,863,280.10
MISCELLANEOUS REPORTING One Month Libor Loan Balance 183,627,601.67 Six Month Libor Loan Balance 396,128,058.94 Pro Rata Senior Percent 96.034780% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 3 TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.580163 3.374061 3.698566 3.713926 Weighted Average Net Rate 5.330163 2.987032 3.323566 3.347333 Pass-Through Rate 5.321163 2.978032 3.314566 3.338333 Weighted Average Maturity 348 315 352 324 Record Date 02/28/2003 02/28/2003 02/28/2003 02/28/2003 Principal and Interest Constant 388,976.69 1,284,262.37 150,507.02 1,823,746.08 Beginning Loan Count 167 1,214 146 1,527 Loans Paid in Full 7 9 1 17 Ending Loan Count 160 1,205 145 1,510 Beginning Scheduled Balance 83,553,247.08 456,594,037.31 48,832,008.10 588,979,292.49 Ending Scheduled Balance 79,670,920.94 452,113,228.72 48,330,971.12 580,115,120.78 Scheduled Principal 442.74 448.87 0.00 891.61 Unscheduled Principal 3,881,883.40 4,480,359.72 501,036.98 8,863,280.10 Scheduled Interest 388,533.95 1,283,813.50 150,507.02 1,822,854.47 Servicing Fee 17,406.93 147,262.62 15,260.00 179,929.55 Master Servicing Fee 626.65 3,424.47 366.24 4,417.36 Trustee Fee 0.00 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 Net Interest 370,500.37 1,133,126.41 134,880.78 1,638,507.56 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00