Wells Fargo Bank Minnesota, N.A. SMT Series 2002-10 Certificateholder Distribution Statement (March 2003)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A., as Certificate Administrator, for the SMT Series 2002-10 trust. It summarizes the principal and interest payments made to certificateholders as of the February 28, 2003 record date and March 20, 2003 distribution date. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses were reported for this period.

Read More Arrow
EX-10.1 3 f89236exv10w1.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: FEBRUARY 28, 2003 DISTRIBUTION DATE: MARCH 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Class CUSIP Description Rate Balance Distribution Distribution Realized Loss - ----------------------------------------------------------------------------------------------------------------------------------- 1A 81743VAA1 SEN 1.74000% 802,064,572.23 1,162,993.63 4,832,595.39 0.00 2A-1 81743VAB9 SEN 1.72000% 186,161,754.71 266,831.85 813,659.54 0.00 2A-2 81743VAN3 SEN 2.02000% 3,500,000.00 5,891.67 0.00 0.00 X-1A 81743VAC7 IO 1.15043% 0.00 367,791.67 0.00 0.00 X-1B 81743VAD5 IO 1.38682% 0.00 483,567.17 0.00 0.00 X-2 81743VAP8 IO 1.40115% 0.00 221,453.78 0.00 0.00 X-B 81743VAE3 IO 0.78506% 0.00 16,829.78 0.00 0.00 A-R 81743VAF0 SEN 3.36621% 0.00 0.00 0.00 0.00 B-1 81743VAG8 SUB 2.14000% 12,600,000.00 22,470.00 0.00 0.00 B-2 81743VAH6 SUB 2.14000% 8,400,000.00 14,980.00 0.00 0.00 B-3 81743VAJ2 SUB 2.74000% 4,725,000.00 10,788.75 0.00 0.00 B-4 SMT0210B4 SUB 3.03527% 2,625,000.00 6,639.65 0.00 0.00 B-5 SMT0210B5 SUB 3.03527% 2,100,000.00 5,311.72 0.00 0.00 B-6 SMT0210B6 SUB 3.03527% 3,685,162.00 9,321.21 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------------- Totals 1,025,861,488.94 2,594,870.88 5,646,254.93 0.00 - -----------------------------------------------------------------------------------------------------------------------------------
Ending Certificate Total Cumulative Class Balance Distribution Realized Loss - ------------------------------------------------------------ 1A 797,231,976.84 5,995,589.02 0.00 2A-1 185,348,095.17 1,080,491.39 0.00 2A-2 3,500,000.00 5,891.67 0.00 X-1A 0.00 367,791.67 0.00 X-1B 0.00 483,567.17 0.00 X-2 0.00 221,453.78 0.00 X-B 0.00 16,829.78 0.00 A-R 0.00 0.00 0.00 B-1 12,600,000.00 22,470.00 0.00 B-2 8,400,000.00 14,980.00 0.00 B-3 4,725,000.00 10,788.75 0.00 B-4 2,625,000.00 6,639.65 0.00 B-5 2,100,000.00 5,311.72 0.00 B-6 3,685,162.00 9,321.21 0.00 - ------------------------------------------------------------ Totals 1,020,215,234.01 8,241,125.81 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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ---------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 802,064,572.23 0.00 4,832,595.39 0.00 0.00 4,832,595.39 2A-1 190,000,000.00 186,161,754.71 0.00 813,659.54 0.00 0.00 813,659.54 2A-2 3,500,000.00 3,500,000.00 0.00 0.00 0.00 0.00 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 12,600,000.00 0.00 0.00 0.00 0.00 0.00 B-2 8,400,000.00 8,400,000.00 0.00 0.00 0.00 0.00 0.00 B-3 4,725,000.00 4,725,000.00 0.00 0.00 0.00 0.00 0.00 B-4 2,625,000.00 2,625,000.00 0.00 0.00 0.00 0.00 0.00 B-5 2,100,000.00 2,100,000.00 0.00 0.00 0.00 0.00 0.00 B-6 3,685,162.00 3,685,162.00 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 1,025,861,488.94 0.00 5,646,254.93 0.00 0.00 5,646,254.93 - ----------------------------------------------------------------------------------------------------------------------------
Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ---------------------------------------------------------------------- 1A 797,231,976.84 0.96942633 4,832,595.39 2A-1 185,348,095.17 0.97551629 813,659.54 2A-2 3,500,000.00 1.00000000 0.00 X-1A 0.00 0.00000000 0.00 X-1B 0.00 0.00000000 0.00 X-2 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 12,600,000.00 1.00000000 0.00 B-2 8,400,000.00 1.00000000 0.00 B-3 4,725,000.00 1.00000000 0.00 B-4 2,625,000.00 1.00000000 0.00 B-5 2,100,000.00 1.00000000 0.00 B-6 3,685,162.00 1.00000000 0.00 - ---------------------------------------------------------------------- Totals 1,020,215,234.01 0.97162406 5,646,254.93 - ----------------------------------------------------------------------
(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 Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 975.30271741 0.00000000 5.87638898 0.00000000 0.00000000 5.87638898 2A-1 190,000,000.00 979.79870900 0.00000000 4.28241863 0.00000000 0.00000000 4.28241863 2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - -----------------------------------------------------------------------------------------------------------------------------
Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - --------------------------------------------------------------- 1A 969.42632843 0.96942633 5.87638898 2A-1 975.51629037 0.97551629 4.28241863 2A-2 1000.00000000 1.00000000 0.00000000 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000 - ---------------------------------------------------------------
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Payment of Current Beginning Current Unpaid Current Non-Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Class Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - -------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.74000% 802,064,572.23 1,162,993.63 0.00 0.00 0.00 2A-1 190,000,000.00 1.72000% 186,161,754.71 266,831.85 0.00 0.00 0.00 2A-2 3,500,000.00 2.02000% 3,500,000.00 5,891.67 0.00 0.00 0.00 X-1A 0.00 1.15043% 383,638,252.79 367,791.67 0.00 0.00 0.00 X-1B 0.00 1.38682% 418,426,319.44 483,567.17 0.00 0.00 0.00 X-2 0.00 1.40115% 189,661,754.71 221,453.78 0.00 0.00 0.00 X-B 0.00 0.78506% 25,725,000.00 16,829.78 0.00 0.00 0.00 A-R 100.00 3.36621% 0.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 2.14000% 12,600,000.00 22,470.00 0.00 0.00 0.00 B-2 8,400,000.00 2.14000% 8,400,000.00 14,980.00 0.00 0.00 0.00 B-3 4,725,000.00 2.74000% 4,725,000.00 10,788.75 0.00 0.00 0.00 B-4 2,625,000.00 3.03527% 2,625,000.00 6,639.65 0.00 0.00 0.00 B-5 2,100,000.00 3.03527% 2,100,000.00 5,311.72 0.00 0.00 0.00 B-6 3,685,162.00 3.03527% 3,685,162.00 9,321.21 0.00 0.00 0.00 - -------------------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 2,594,870.88 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------
Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ----------------------------------------------------------------------- 1A 0.00 1,162,993.63 0.00 797,231,976.84 2A-1 0.00 266,831.85 0.00 185,348,095.17 2A-2 0.00 5,891.67 0.00 3,500,000.00 X-1A 0.00 367,791.67 0.00 379,970,434.22 X-1B 0.00 483,567.17 0.00 417,261,542.62 X-2 0.00 221,453.78 0.00 188,848,095.17 X-B 0.00 16,829.78 0.00 25,725,000.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 22,470.00 0.00 12,600,000.00 B-2 0.00 14,980.00 0.00 8,400,000.00 B-3 0.00 10,788.75 0.00 4,725,000.00 B-4 0.00 6,639.65 0.00 2,625,000.00 B-5 0.00 5,311.72 0.00 2,100,000.00 B-6 0.00 9,321.21 0.00 3,685,162.00 - ----------------------------------------------------------------------- Totals 0.00 2,594,870.88 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 Non-Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Realized Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ---------------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.74000% 975.30271741 1.41418894 0.00000000 0.00000000 0.00000000 0.00000000 2A-1 190,000,000.00 1.72000% 979.79870900 1.40437816 0.00000000 0.00000000 0.00000000 0.00000000 2A-2 3,500,000.00 2.02000% 1000.00000000 1.68333429 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.15043% 976.27862389 0.93595241 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.38682% 974.40966095 1.12610632 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.40115% 980.16410703 1.14446398 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.78506% 1000.00000000 0.65421885 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.36621% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 2.14000% 1000.00000000 1.78333333 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 2.14000% 1000.00000000 1.78333333 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 2.74000% 1000.00000000 2.28333333 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 3.03527% 1000.00000000 2.52939048 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 3.03527% 1000.00000000 2.52939048 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 3.03527% 1000.00000000 2.52938948 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------------------------------------------------
Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - ----------------------------------------------------------------- 1A 1.41418894 0.00000000 969.42632843 2A-1 1.40437816 0.00000000 975.51629037 2A-2 1.68333429 0.00000000 1000.00000000 X-1A 0.93595241 0.00000000 966.94479746 X-1B 1.12610632 0.00000000 971.69718869 X-2 1.14446398 0.00000000 975.95914817 X-B 0.65421885 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.78333333 0.00000000 1000.00000000 B-2 1.78333333 0.00000000 1000.00000000 B-3 2.28333333 0.00000000 1000.00000000 B-4 2.52939048 0.00000000 1000.00000000 B-5 2.52939048 0.00000000 1000.00000000 B-6 2.52938948 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 8,439,151.34 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 15,695.61 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 8,454,846.95 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 213,721.14 Payment of Interest and Principal 8,241,125.81 ------------ Total Withdrawals (Pool Distribution Amount) 8,454,846.95 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 213,721.14 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 213,721.14 ==========
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 18 5,959,493.60 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 -- ------------ -- ---- -- ---- 18 5,959,493.60 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 0.662739% 0.584141% 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% -------- -------- -------- -------- -------- -------- 0.662739% 0.584141% 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 18 5,959,493.60 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 18 5,959,493.60
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 0.662739% 0.584141% 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% 0.662739% 0.584141%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 15,695.61 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% 1,020,215,234.01 100.00000000% 96.654122% 0.000000% Class 1A 227,635,162.00 21.67932736% 222,983,257.17 21.85649162% 78.143508% 2,335.515434% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 3.68894335% 18.167548% 542.982908% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.34587848% 0.343065% 10.253357% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.34587848% 0.000000% 0.000000% Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.11084497% 1.235034% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.28748930% 0.823356% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.82435174% 0.463138% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.56705309% 0.257299% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.36121417% 0.205839% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.361214% 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 0.01598153% Fraud 31,500,308.00 3.00000001% 31,500,308.00 3.08761396% Special Hazard 11,240,000.00 1.07046573% 11,240,000.00 1.10172830%
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 12 4,026,722.72 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 ----- ------------ ----- ---------- ----- ---------- 12 4,026,722.72 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 0.558659% 0.488168% 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% -------- -------- -------- -------- -------- -------- 0.558659% 0.488168% 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 12 4,026,722.72 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 12 4,026,722.72
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 0.558659% 0.488168% 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% 0.558659% 0.488168% -------- -------- -------- --------
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 6 1,932,770.88 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 ----- ------------ ----- ---------- ----- ---------- 6 1,932,770.88 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 1.056338% 0.989382% 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% -------- -------- -------- -------- -------- -------- 1.056338% 0.989382% 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 6 1,932,770.88 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 6 1,932,770.88
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 1.056338% 0.989382% 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% 1.056338% 0.989382% -------- -------- -------- --------
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.285346% Weighted Average Net Coupon 3.035346% Weighted Average Pass-Through Rate 3.035346% Weighted Average Maturity (Stepdown Calculation) 293 Beginning Scheduled Collateral Loan Count 2,723 Number of Loans Paid in Full 7 Ending Scheduled Collateral Loan Count 2,716 Beginning Scheduled Collateral Balance 1,025,861,488.94 Ending Scheduled Collateral Balance 1,020,215,234.01 Ending Actual Collateral Balance at 28-Feb-2003 1,020,215,234.12 Monthly P&I Constant 2,808,594.58 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 8,154,784.69 Ending Scheduled Balance for Premium Loans 1,020,215,234.01 Scheduled Principal 0.00 Unscheduled Principal 5,646,254.93
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.263751 3.376686 3.285346 Weighted Average Net Rate 3.013751 3.126686 3.035346 Pass-Through Rate 3.013751 3.126686 3.035346 Weighted Average Maturity 293 293 293 Record Date 02/28/2003 02/28/2003 02/28/2003 Principal and Interest Constant 2,256,605.12 551,989.46 2,808,594.58 Beginning Loan Count 2,154 569 2,723 Loans Paid in Full 6 1 7 Ending Loan Count 2,148 568 2,716 Beginning Scheduled Balance 829,696,569.23 196,164,919.71 1,025,861,488.94 Ending Scheduled Balance 824,863,973.84 195,351,260.17 1,020,215,234.01 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 4,832,595.39 813,659.54 5,646,254.93 Scheduled Interest 2,256,602.55 551,989.45 2,808,592.00 Servicing Fee 172,853.45 40,867.69 213,721.14 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 2,083,749.10 511,121.76 2,594,870.86 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 393,140,179.29 Six Month LIBOR Loans 431,723,794.55 Pro Rata Senior Percentage 96.669626% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
Group 2 Pro Rata Senior Percentage 96.684848% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%