SMT Series 2003-1 Certificateholder Distribution Summary and Principal/Interest Distribution Statement (Wells Fargo Bank Minnesota, N.A.)

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Summary

This document, prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator, summarizes the distribution of principal and interest to holders of SMT Series 2003-1 certificates as of February 28, 2003, with distributions made on March 20, 2003. It details the amounts paid to each class of certificateholders, including interest and principal distributions, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses were reported for this period.

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EX-10.1 3 f89239exv10w1.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 2003-1 RECORD DATE: FEBRUARY 28, 2003 DISTRIBUTION DATE: MARCH 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Current Class Pass-Through Certificate Interest Principal Realized Class CUSIP Description Rate Balance Distribution Distribution Loss ----- ----- ----------- ---- ------- ------------ ------------ ---- 1A 81743PAA4 SEN 1.71750% 798,206,000.00 875,864.79 2,094,976.71 0.00 2A 81743PAB2 SEN 1.74000% 190,000,000.00 211,216.67 681,942.37 0.00 X-1A 81743PAC0 IO 2.68470% 0.00 409,815.14 0.00 0.00 X-1B 81743PAD8 IO 1.16667% 0.00 597,947.13 0.00 0.00 X-2 81743PAE6 IO 1.57096% 0.00 248,736.02 0.00 0.00 X-B 81743PAF3 IO 1.14578% 0.00 15,186.30 0.00 0.00 A-R 81743PAG1 R 2.83179% 100.00 0.24 100.00 0.00 B-1 81743PAH9 SUB 2.21750% 15,905,000.00 22,533.19 0.00 0.00 B-2 81743PAJ5 SUB 2.84586% 8,210,000.00 19,470.42 0.00 0.00 B-3 81743PAK2 SUB 2.84586% 5,644,000.00 13,385.02 0.00 0.00 B-4 SEQ0301B4 SUB 2.84586% 2,565,000.00 6,083.02 0.00 0.00 B-5 SEQ0301B5 SUB 2.84586% 1,539,000.00 3,649.81 0.00 0.00 B-6 SEQ0301B6 SUB 2.84586% 4,105,618.00 9,736.67 0.00 0.00 --- --------- --- ------- ---------------- ------------ ------------ ---- Totals 1,026,174,718.00 2,433,624.42 2,777,019.08 0.00 ---------------- ------------ ------------ ----
Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss ----- ----- ------- ------------ ------------- 1A 81743PAA4 796,111,023.29 2,970,841.50 0.00 2A 81743PAB2 189,318,057.63 893,159.04 0.00 X-1A 81743PAC0 0.00 409,815.14 0.00 X-1B 81743PAD8 0.00 597,947.13 0.00 X-2 81743PAE6 0.00 248,736.02 0.00 X-B 81743PAF3 0.00 15,186.30 0.00 A-R 81743PAG1 0.00 100.24 0.00 B-1 81743PAH9 15,905,000.00 22,533.19 0.00 B-2 81743PAJ5 8,210,000.00 19,470.42 0.00 B-3 81743PAK2 5,644,000.00 13,385.02 0.00 B-4 SEQ0301B4 2,565,000.00 6,083.02 0.00 B-5 SEQ0301B5 1,539,000.00 3,649.81 0.00 B-6 SEQ0301B6 4,105,618.00 9,736.67 0.00 --- --------- ---------------- ------------ ----- Totals 1,023,397,698.92 5,210,643.50 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 Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction ----- ------ ------- ------------ ------------ --------- -------- --------- 1A 798,206,000.00 798,206,000.00 0.00 2,094,976.71 0.00 0.00 2,094,976.71 2A 190,000,000.00 190,000,000.00 0.00 681,942.37 0.00 0.00 681,942.37 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 100.00 100.00 0.00 100.00 0.00 0.00 100.00 B-1 15,905,000.00 15,905,000.00 0.00 0.00 0.00 0.00 0.00 B-2 8,210,000.00 8,210,000.00 0.00 0.00 0.00 0.00 0.00 B-3 5,644,000.00 5,644,000.00 0.00 0.00 0.00 0.00 0.00 B-4 2,565,000.00 2,565,000.00 0.00 0.00 0.00 0.00 0.00 B-5 1,539,000.00 1,539,000.00 0.00 0.00 0.00 0.00 0.00 B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 0.00 0.00 ---------------- ---------------- ---- ------------ ---- ---- ------------ Totals 1,026,174,718.00 1,026,174,718.00 0.00 2,777,019.98 0.00 0.00 2,777,019.08 ---------------- ---------------- ---- ------------ ---- ---- ------------
Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution ----- ------- ---------- ------------ 1A 796,111,023.29 0.99737539 2,094,976.71 2A 189,318,057.63 0.99641083 681,942.37 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 100.00 B-1 15,905,000.00 1.00000000 0.00 B-2 8,210,000.00 1.00000000 0.00 B-3 5,644,000.00 1.00000000 0.00 B-4 2,565,000.00 1.00000000 0.00 B-5 1,539,000.00 1.00000000 0.00 B-6 4,105,618.00 1.00000000 0.00 ---------------- ---------- ------------ Totals 1,023,397,698.92 0.99729381 2,777,019.08 ---------------- ---------- ------------
- ---------- (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 798,206,000.00 1000.00000000 0.00000000 2.62460657 0.00000000 0.00000000 2.62460657 2A 190,000,000.00 1000.00000000 0.00000000 3.58917037 0.00000000 0.00000000 3.58917037 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 1000.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 B-1 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution ----- ------- ---------- ------------ 1A 997.37539343 0.99737539 2.62460657 2A 996.41082963 0.99641083 3.58917037 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 1000.00000000 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
Beginning Payment of Current Certificate/ Current Unpaid Current Non-Supported Original Face Certificate Notional Accrued Interest Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall ----- ------ ---- ------- -------- --------- --------- --------- 1A 798,206,000.00 1.71750% 798,206,000.00 875,864.79 0.00 0.00 0.00 2A 190,000,000.00 1.74000% 190,000,000.00 211,216.67 0.00 0.00 0.00 X-1A 0.00 2.68470% 183,178,145.46 409,815.14 0.00 0.00 0.00 X-1B 0.00 1.16667% 615,027,854.54 597,947.13 0.00 0.00 0.00 X-2 0.00 1.57096% 190,000,000.00 248,736.02 0.00 0.00 0.00 X-B 0.00 1.14578% 15,905,000.00 15,186.30 0.00 0.00 0.00 A-R 100.00 2.83179% 100.00 0.24 0.00 0.00 0.00 B-1 15,905,000.00 2.21750% 15,905,000.00 22,533.19 0.00 0.00 0.00 B-2 8,210,000.00 2.84586% 8,210,000.00 19,470.42 0.00 0.00 0.00 B-3 5,644,000.00 2.84586% 5,644,000.00 13,385.02 0.00 0.00 0.00 B-4 2,565,000.00 2.84586% 2,565,000.00 6,083.02 0.00 0.00 0.00 B-5 1,539,000.00 2.84586% 1,539,000.00 3,649.81 0.00 0.00 0.00 B-6 4,105,618.00 2.84586% 4,105,618.00 9,736.68 0.00 0.00 0.00 ------ ---------------- ------- ------------ ------------ ---- ---- ---- Totals 1,026,174,718.00 2,433,624.43 0.00 0.00 0.00 ------ ---------------- ------- ------------ ------------ ---- ---- ----
Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance ----- -------- ------------ --------- ------- 1A 0.00 875,864.79 0.00 796,111,023.29 2A 0.00 211,216.67 0.00 189,318,057.63 X-1A 0.00 409,815.14 0.00 181,698,572.12 X-1B 0.00 597,947.13 0.00 614,412,452.16 X-2 0.00 248,736.02 0.00 189,318,057.63 X-B 0.00 15,186.30 0.00 15,905,000.00 A-R 0.00 0.24 0.00 0.00 B-1 0.00 22,533.19 0.00 15,905,000.00 B-2 0.00 19,470.42 0.00 8,210,000.00 B-3 0.00 13,385.02 0.00 5,644,000.00 B-4 0.00 6,083.02 0.00 2,565,000.00 B-5 0.00 3,649.81 0.00 1,539,000.00 B-6 0.00 9,736.67 0.00 4,105,618.00 ------ ---- ------------- ---- -------------- Totals 0.00 2,433,624.42 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 Unpaid Current Non-Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall --- ------ ---- ---------------- -------- --------- --------- --------- 1A 798,206,000.00 1.71750% 1000.00000000 1.09729166 0.00000000 0.00000000 0.00000000 2A 190,000,000.00 1.74000% 1000.00000000 1.11166668 0.00000000 0.00000000 0.00000000 X-1A 0.00 2.68470% 1000.00000000 2.23724909 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.16667% 1000.00000000 0.97222772 0.00000000 0.00000000 0.00000000 X-2 0.00 1.57096% 1000.00000000 1.30913695 0.00000000 0.00000000 0.00000000 X-B 0.00 1.14578% 1000.00000000 0.95481295 0.00000000 0.00000000 0.00000000 A-R 100.00 2.83179% 1000.00000000 2.40000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 2.21750% 1000.00000000 1.41673625 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 2.84586% 1000.00000000 2.37154933 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 2.84586% 1000.00000000 2.37154855 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 2.84586% 1000.00000000 2.37154776 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 2.84586% 1000.00000000 2.37154646 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 2.84586% 1000.00000000 2.37155040 0.00000000 0.00000000 0.00000000
Remaining Unpaid Class Realized Total Interest Interest Ending Certificate/ (5) Loss (6) Distribution Shortfall Notational Balance --- -------- ------------ --------- ------------------ 1A 0.00000000 1.09729166 0.00000000 997.37539343 2A 0.00000000 1.11166668 0.00000000 996.41082963 X-1A 0.00000000 2.23724909 0.00000000 991.92276275 X-1B 0.00000000 0.97222772 0.00000000 998.99939104 X-2 0.00000000 1.30913695 0.00000000 996.41082963 X-B 0.00000000 0.95481295 0.00000000 1000.00000000 A-R 0.00000000 2.40000000 0.00000000 0.000000000 B-1 0.00000000 1.41673625 0.00000000 1000.00000000 B-2 0.00000000 2.37154933 0.00000000 1000.00000000 B-3 0.00000000 2.37154855 0.00000000 1000.00000000 B-4 0.00000000 2.37154776 0.00000000 1000.00000000 B-5 0.00000000 2.37154646 0.00000000 1000.00000000 B-6 0.00000000 2.37154796 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 5,483,094.88 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 10,884.30 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 5,493,979.18 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 283,335.68 Payment of Interest and Principal 5,210,643.50 ------------ Total Withdrawals (Pool Distribution Amount) 5,493,979.18 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 276,035.10 Master Servicing Fee 7,300.58 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 283,335.68 ============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ ------- ----------- -------- ------- Class X-1 Reserve Fund Sub Account 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00 Class X-B Reserve Fund Sub Account 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 10 4,195,261.81 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 ----------------------- ---------------------- -------------------- 10 4,195,261.81 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 0.424809% 0.480393% 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% ---------------------- --------------------- --------------------- 0.424809% 0.480393% 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 10 4,195,261.81 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 10 4,195,261.81 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 0.424809% 0.480393% 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% 0.424809% 0.480393%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 10,884.30
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 1,026,174,618.00 99.99999026% 1,023,397,698.92 117.18829799% 112.840548% 0.000000% Class 1A 227,968,618.00 22.21538048% 227,286,675.63 26.02638124% 91.161917% 2,096.760602% Class 2A 37,968,618.00 3.70001495% 37,968,618.00 4.34775037% 21.678631% 498.617194% Class X-2 37,968,618.00 3.70001495% 37,968,618.00 4.34775037% 0.000000% 0.000000% Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.52648393% 1.821266% 41.889858% Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.58636463% 0.940119% 21.623120% Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.94007556% 0.646289% 14.864908% Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.64635984% 0.293716% 6.755579% Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.47013042% 0.176229% 4.053347% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.470130% 10.813188%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP POOL 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 8 3,220,750.00 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 ----------------------- ---------------------- ----------------------- 8 3,220,750.00 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 0.415584% 0.448773% 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% ----------------------- ---------------------- ----------------------- 0.415584% 0.448773% 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 8 3,220,750.00 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 8 3,220,750.00 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 0.415584% 0.448773% 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% 0.415584% 0.448773%
POOL 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 2 974,511.81 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 ----------------------- ---------------------- ----------------------- 2 974,511.81 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 0.466200% 0.626217% 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% ----------------------- ---------------------- ----------------------- 0.466200% 0.626217% 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 2 974,511.81 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 2 974,511.81 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 0.466200% 0.626217% 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% 0.466200% 0.626217%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.231494% Weighted Average Net Coupon 2.908701% Weighted Average Pass-Through Rate 2.843394% Weighted Average Maturity (Stepdown Calculation) 326 Beginning Scheduled Collateral Loan Count 2,357 Number of Loans Paid in Full 3 Ending Scheduled Collateral Loan Count 2,354 Beginning Scheduled Collateral Balance 1,026,174,718.00 Ending Scheduled Collateral Balance 873,293,423.01 Ending Actual Collateral Balance at 28-Feb-2003 873,297,525.71 Monthly P&I Constant 2,359,180.28 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,120,598.08 Ending Scheduled Balance for Premium Loans 873,293,423.01 Scheduled Principal 0.00 Unscheduled Principal 2,777,018.09
Pool 1 Prefunding Balance 109,105,765.64 Pool 2 Prefunding Balance 40,998,510.27 Remaining Capitalized Interest Account Balance 0.00
GROUP 1 2 TOTAL Collateral Description 6 Month Mixed ARM LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.219248 3.287887 3.231494 Weighted Average Net Rate 2.840475 2.912887 2.908701 Pass-Through Rate 2.830475 2.902887 2.843394 Weighted Average Maturity 324 332 326 Record Date 02/28/2003 02/28/2003 02/28/2003 Principal and Interest Constant 1,930,929.36 428,250.92 2,359,180.28 Beginning Loan Count 1,925 430 2,355 Loans Paid in Full 2 1 3 Ending Loan Count 1,923 429 2,352 Beginning Scheduled Balance 719,769,109.37 156,301,331.73 876,870,441.10 Ending Scheduled Balance 717,674,033.65 155,619,389.36 873,293,423.01 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 2,095,075.72 681,942.37 2,777,018.09 Scheduled Interest 1,930,929.36 428,250.92 2,359,180.28 Servicing Fee 227,190.93 48,844.17 276,035.10 Master Servicing Fee 5,998.08 1,302.50 7,300.58 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,697,740.35 378,104.25 2,075,844.60 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 Pool 1 One Month Libor Loan Balance 166,608,845.00 Six Month Libor Loan Balance 551,065,188.70 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Pool 2 Six Month Libor Loan Balance 155,619,389.40 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%