SMT Series 2003-5 Certificateholder Distribution Summary by Wells Fargo Bank Minnesota, N.A.

Summary

This document is a distribution summary for certificateholders of the SMT Series 2003-5, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of March 31, 2004, with distributions occurring on April 20, 2004. The summary includes beginning and ending balances, distribution amounts, and realized losses for each class. All calculations are made in accordance with the Pooling and Servicing Agreement, and no realized losses are reported for this period.

EX-10.1 2 f98764eexv10w1.htm EXHIBIT 10.1 exv10w1

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) ###-###-####
	Fax:	(301) ###-###-####

SMT SERIES 2003-5
Record Date: March 31, 2004
Distribution Date: April 20, 2004

Certificateholder Distribution Summary


		Certificate				Beginning
		Class	Certificate Pass-			Certificate		Interest		Principal		Current		Ending Certificate		Total		Cumulative
Class	CUSIP	Description	Through Rate			Balance		Distribution		Distribution		Realized Loss		Balance		Distribution		Realized Loss
A-1	81743PCJ3	SEN		1.40000	%		624,610,813.64		728,712.62		15,589,859.16		0.00		609,020,954.48		16,318,571.78		0.00
A-2	81743PCK0	SEN		1.50000	%		137,685,966.99		172,107.46		783,065.25		0.00		136,902,901.74		955,172.71		0.00
X-1A	81743PCL8	IO		1.08529	%		0.00		78,651.85		0.00		0.00		0.00		78,651.85		0.00
X-1B	81743PCM6	IO		1.37317	%		0.00		615,234.05		0.00		0.00		0.00		615,234.05		0.00
X-2	81743PCN4	IO		1.26343	%		0.00		144,963.51		0.00		0.00		0.00		144,963.51		0.00
X-B	81743PCP9	IO		1.04859	%		0.00		13,144.97		0.00		0.00		0.00		13,144.97		0.00
A-R	81743PCQ7	R		2.69810	%		0.00		0.00		0.00		0.00		0.00		0.00		0.00
B-1	81743PCR5	SUB		1.69000	%		15,043,000.00		21,185.56		0.00		0.00		15,043,000.00		21,185.56		0.00
B-2	81743PCS3	SUB		2.73859	%		6,447,000.00		14,713.08		0.00		0.00		6,447,000.00		14,713.08		0.00
B-3	81743PCT1	SUB		2.73859	%		6,017,000.00		13,731.76		0.00		0.00		6,017,000.00		13,731.76		0.00
B-4	SEQ0305B4	SUB		2.73859	%		2,149,000.00		4,904.36		0.00		0.00		2,149,000.00		4,904.36		0.00
B-5	SEQ0305B5	SUB		2.73859	%		1,289,000.00		2,941.70		0.00		0.00		1,289,000.00		2,941.70		0.00
B-6	SEQ0305B6	SUB		2.73859	%		3,439,209.40		7,848.83		0.00		0.00		3,439,209.40		7,848.83		0.00

Totals							796,680,990.03		1,818,139.75		16,372,924.41		0.00		780,308,065.62		18,191,064.16		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		Total Principal		Ending Certificate		Ending Certificate		Total Principal
Class	Amount		Balance		Distribution		Distribution		Accretion		Loss (1)		Reduction		Balance		Percentage		Distribution
A-1		675,596,000.00		624,610,813.64		1,011.89		15,588,847.27		0.00		0.00		15,589,859.16		609,020,954.48		0.90145731		15,589,859.16
A-2		149,609,000.00		137,685,966.99		1.98		783,063.27		0.00		0.00		783,065.25		136,902,901.74		0.91507130		783,065.25
X-1A		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00
X-1B		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00
X-2		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00
X-B		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00
A-R		100.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00
B-1		15,043,000.00		15,043,000.00		0.00		0.00		0.00		0.00		0.00		15,043,000.00		1.00000000		0.00
B-2		6,447,000.00		6,447,000.00		0.00		0.00		0.00		0.00		0.00		6,447,000.00		1.00000000		0.00
B-3		6,017,000.00		6,017,000.00		0.00		0.00		0.00		0.00		0.00		6,017,000.00		1.00000000		0.00
B-4		2,149,000.00		2,149,000.00		0.00		0.00		0.00		0.00		0.00		2,149,000.00		1.00000000		0.00
B-5		1,289,000.00		1,289,000.00		0.00		0.00		0.00		0.00		0.00		1,289,000.00		1.00000000		0.00
B-6		3,439,209.40		3,439,209.40		0.00		0.00		0.00		0.00		0.00		3,439,209.40		1.00000000		0.00

Totals		859,589,309.40		796,680,990.03		1,013.87		16,371,910.54		0.00		0.00		16,372,924.41		780,308,065.62		0.90776846		16,372,924.41


(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		Total Principal		Ending Certificate		Ending Certificate		Total Principal
Class	Amount		Balance		Distribution		Distribution		Accretion		Loss (3)		Reduction		Balance		Percentage		Distribution
A-1		675,596,000.00		924.53302512		0.00149777		23.07421487		0.00000000		0.00000000		23.07571264		901.45731248		0.90145731		23.07571264
A-2		149,609,000.00		920.30537595		0.00001323		5.23406526		0.00000000		0.00000000		5.23407850		915.07129745		0.91507130		5.23407850
X-1A		0.00		0.00000000		0.00000000		0.00000000		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		0.00000000		0.00000000		0.00000000
X-2		0.00		0.00000000		0.00000000		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		0.00000000		0.00000000
A-R		100.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
B-1		15,043,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-2		6,447,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-3		6,017,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-4		2,149,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-5		1,289,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-6		3,439,209.40		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000

(3)

Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description.

Interest Distribution Statement


						Beginning				Payment of				Non-							Remaining		Ending
						Certificate/		Current		Unpaid		Current		Supported							Unpaid		Certificate/
	Original Face		Current			Notional		Accrued		Interest		Interest		Interest		Realized			Total Interest		Interest		Notational
Class	Amount		Certificate Rate			Balance		Interest		Shortfall		Shortfall		Shortfall		Loss (4)			Distribution		Shortfall		Balance
A-1		675,596,000.00		1.40000	%		624,610,813.64		728,712.62		0.00		0.00		0.00		(0.01	)		728,712.62		0.00		609,020,954.48
A-2		149,609,000.00		1.50000	%		137,685,966.99		172,107.46		0.00		0.00		0.00		0.00			172,107.46		0.00		136,902,901.74
X-1A		0.00		1.08529	%		86,964,889.84		78,651.85		0.00		0.00		0.00		0.00			78,651.85		0.00		82,876,652.82
X-1B		0.00		1.37317	%		537,645,923.80		615,234.04		0.00		0.00		0.00		(0.01	)		615,234.05		0.00		526,144,301.66
X-2		0.00		1.26343	%		137,685,966.99		144,963.51		0.00		0.00		0.00		0.00			144,963.51		0.00		136,902,901.74
X-B		0.00		1.04859	%		15,043,000.00		13,144.97		0.00		0.00		0.00		0.00			13,144.97		0.00		15,043,000.00
A-R		100.00		2.69810	%		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00
B-1		15,043,000.00		1.69000	%		15,043,000.00		21,185.56		0.00		0.00		0.00		0.00			21,185.56		0.00		15,043,000.00
B-2		6,447,000.00		2.73859	%		6,447,000.00		14,713.08		0.00		0.00		0.00		0.00			14,713.08		0.00		6,447,000.00
B-3		6,017,000.00		2.73859	%		6,017,000.00		13,731.75		0.00		0.00		0.00		0.00			13,731.76		0.00		6,017,000.00
B-4		2,149,000.00		2.73859	%		2,149,000.00		4,904.36		0.00		0.00		0.00		0.00			4,904.36		0.00		2,149,000.00
B-5		1,289,000.00		2.73859	%		1,289,000.00		2,941.70		0.00		0.00		0.00		0.00			2,941.70		0.00		1,289,000.00
B-6		3,439,209.40		2.73859	%		3,439,209.40		7,848.83		0.00		0.00		0.00		0.00			7,848.83		0.00		3,439,209.40

Totals		859,589,309.40							1,818,139.73		0.00		0.00		0.00		(0.02	)		1,818,139.75		0.00

(4)

Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description.

Interest Distribution Factors Statement


						Beginning				Payment of				Non-							Remaining
						Certificate/		Current		Unpaid		Current		Supported							Unpaid
	Original Face		Current			Notional		Accrued		Interest		Interest		Interest			Realized		Total Interest		Interest		Ending Certificate/
Class(5)	Amount		Certificate Rate			Balance		Interest		Shortfall		Shortfall		Shortfall			Loss(6)		Distribution		Shortfall		Notational Balance
A-1		675,596,000.00		1.40000	%		924.53302512		1.07862187		0.00000000		0.00000000		(0.0000001	)		0.00000000		1.07862187		0.00000000		901.45731248
A-2		149,609,000.00		1.50000	%		920.30537595		1.15038173		0.00000000		0.00000000		0.00000000			0.00000000		1.15038173		0.00000000		915.07129745
X-1A		0.00		1.08529	%		967.27501309		0.87481246		0.00000000		0.00000000		0.00000000			0.00000000		0.87481246		0.00000000		921.80321954
X-1B		0.00		1.37317	%		917.97184885		1.05044511		0.00000000		0.00000000		(0.0000002	)		0.00000000		1.05044512		0.00000000		898.33408193
X-2		0.00		1.26343	%		920.30537595		0.96894913		0.00000000		0.00000000		0.00000000			0.00000000		0.96894913		0.00000000		915.07129745
X-B		0.00		1.04859	%		1000.00000000		0.87382636		0.00000000		0.00000000		0.00000000			0.00000000		0.87382636		0.00000000		1000.00000000
A-R		100.00		2.69810	%		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000			0.00000000		0.00000000		0.00000000		0.00000000
B-1		15,043,000.00		1.69000	%		1000.00000000		1.40833344		0.00000000		0.00000000		0.00000000			0.00000000		1.40833344		0.00000000		1000.00000000
B-2		6,447,000.00		2.73859	%		1000.00000000		2.28215914		0.00000000		0.00000000		0.00000000			0.00000000		2.28215914		0.00000000		1000.00000000
B-3		6,017,000.00		2.73859	%		1000.00000000		2.28215888		0.00000000		0.00000000		0.00000000			0.00000000		2.28216055		0.00000000		1000.00000000
B-4		2,149,000.00		2.73859	%		1000.00000000		2.28215914		0.00000000		0.00000000		0.00000000			0.00000000		2.28215914		0.00000000		1000.00000000
B-5		1,289,000.00		2.73859	%		1000.00000000		2.28215671		0.00000000		0.00000000		0.00000000			0.00000000		2.28215671		0.00000000		1000.00000000
B-6		3,439,209.40		2.73859	%		1000.00000000		2.28216113		0.00000000		0.00000000		0.00000000			0.00000000		2.28216113		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			18,459,160.06
Liquidations, Insurance Proceeds, Reserve Funds			0.00
Proceeds from Repurchased Loans			0.00
Other Amounts (Servicer Advances)			13,509.27
Realized Losses (Gains, Subsequent Expenses & Recoveries)			0.00
Prepayment Penalties			0.00

Total Deposits			18,472,669.33
Withdrawals
Reimbursement for Servicer Advances			27,505.28
Payment of Service Fee			254,099.89
Payment of Interest and Principal			18,191,064.16

Total Withdrawals (Pool Distribution Amount)			18,472,669.33
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	(0.02	)

Servicing Fees


Gross Servicing Fee			249,120.64
Master Servicing Fee			4,979.25
Supported Prepayment/Curtailment Interest Shortfall			0.00

Net Servicing Fee			254,099.89

Other Accounts


	Beginning		Current		Current		Ending
Account Type	Balance		Withdrawals		Deposits		Balance
Class X-1 Reserve Fund		5,000.00		0.00		0.00		5,000.00
Class X-2 Reserve Fund		2,500.00		0.00		0.00		2,500.00
Class X-B Reserve Fund		2,500.00		0.00		0.00		2,500.00

Loan Status Stratification/Credit Enhancement Statement


DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
	No. of		Principal			No. of		Principal			No. of		Principal			No. of		Principal			No. of		Principal
	Loans		Balance			Loans		Balance			Loans		Balance			Loans		Balance			Loans		Balance

0-29 Days		0		0.00	0-29 Days		0		0.00	0-29 Days		0		0.00	0-29 Days		0		0.00	0-29 Days		0		0.00
30 Days		17		5,756,621.37	30 Days		0		0.00	30 Days		0		0.00	30 Days		0		0.00	30 Days		17		5,756,621.37
60 Days		0		0.00	60 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	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	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	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	180+ Days		0		0.00	180+ Days		0		0.00

		17		5,756,621.37			0		0.00			0		0.00			0		0.00			17		5,756,621.37


	No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal
	Loans			Balance				Loans			Balance				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	%	0-29 Days		0.000000	%		0.000000	%	0-29 Days		0.000000	%		0.000000	%
30 Days		0.790330	%		0.737734	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.790330	%		0.737734	%
60 Days		0.000000	%		0.000000	%	60 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	%	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	%	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	%	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	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%

		0.790330	%		0.737734	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.790330	%		0.737734	%


Current Period Class A Insufficient Funds			0.00			Principal Balance of Contaminated Properties					0.00			Periodic Advance					13,509.27

Subordination Level/Credit Enhancement/Class Percentage and Prepayment Percentage


	Original $		Original%			Current $		Current %			Current Class %			Prepayment %
Class A		34,384,209.40		4.00007411	%		34,384,209.40		4.40649160	%		95.593508	%		0.000000	%
Class X-1-A		34,384,209.40		4.00007411	%		34,384,209.40		4.40649160	%		0.000000	%		0.000000	%
Class X-1-B		34,384,209.40		4.00007411	%		34,384,209.40		4.40649160	%		0.000000	%		0.000000	%
Class X-2		34,384,209.40		4.00007411	%		34,384,209.40		4.40649160	%		0.000000	%		0.000000	%
Class B-1		19,341,209.40		2.25005234	%		19,341,209.40		2.47866327	%		1.927828	%		43.749734	%
Class B-2		12,894,209.40		1.50004302	%		12,894,209.40		1.65245112	%		0.826212	%		18.749886	%
Class B-3		6,877,209.40		0.80005758	%		6,877,209.40		0.88134542	%		0.771106	%		17.499312	%
Class B-4		4,728,209.40		0.55005447	%		4,728,209.04		0.60594137	%		0.275404	%		6.249962	%
Class B-5		3,439,209.40		0.40009914	%		3,439,209.40		0.44075021	%		0.165191	%		3.748814	%
Class B-6		0.00		0.00000000	%		0.00		0.00000000	%		0.440750	%		10.002293	%

Please refer to the prospectus supplement for a full description of loss exposure

Delinquency Status By Group


DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
One-Month LIBOR – Group 1
	No. of		Principal			No. of		Principal			No. of		Principal			No. of		Principal			No. of		Principal
	Loans		Balance			Loans		Balance			Loans		Balance			Loans		Balance			Loans		Balance

0-29 Days		0		0.00	0-29 Days		0		0.00	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	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	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	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	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	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	180+ Days		0		0.00	180+ Days		0		0.00

		0		0.00			0		0.00			0		0.00			0		0.00			0		0.00


	No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal
	Loans			Balance				Loans			Balance				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	%	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	%	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	%	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	%	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	%	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	%	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	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%

		0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%


DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
Six-Month LIBOR – Group 1
	No. of		Principal			No. of		Principal			No. of		Principal			No. of		Principal			No. of		Principal
	Loans		Balance			Loans		Balance			Loans		Balance			Loans		Balance			Loans		Balance

0-29 Days		0		0.00	0-29 Days		0		0.00	0-29 Days		0		0.00	0-29 Days		0		0.00	0-29 Days		0		0.00
30 Days		11		3,767,218.08	30 Days		0		0.00	30 Days		0		0.00	30 Days		0		0.00	30 Days		11		3,767,218.08
60 Days		0		0.00	60 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	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	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	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	180+ Days		0		0.00	180+ Days		0		0.00

		11		3,767,218.08			0		0.00			0		0.00			0		0.00			11		3,767,218.08


	No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal
	Loans			Balance				Loans			Balance				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	%	0-29 Days		0.000000	%		0.000000	%	0-29 Days		0.000000	%		0.000000	%
30 Days		0.698413	%		0.684369	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.698413	%		0.684369	%
60 Days		0.000000	%		0.000000	%	60 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	%	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	%	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	%	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	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%

		0.698413	%		0.684369	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.698413	%		0.684369	%


DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
Six-Month LIBOR – Group 2
	No. of		Principal			No. of		Principal			No. of		Principal			No. of		Principal			No. of		Principal
	Loans		Balance			Loans		Balance			Loans		Balance			Loans		Balance			Loans		Balance

0-29 Days		0		0.00	0-29 Days		0		0.00	0-29 Days		0		0.00	0-29 Days		0		0.00	0-29 Days		0		0.00
30 Days		6		1,989,403.29	30 Days		0		0.00	30 Days		0		0.00	30 Days		0		0.00	30 Days		6		1,989,403.29
60 Days		0		0.00	60 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	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	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	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	180+ Days		0		0.00	180+ Days		0		0.00

		6		1,989,403.29			0		0.00			0		0.00			0		0.00			6		1,989,403.29


	No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal
	Loans			Balance				Loans			Balance				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	%	0-29 Days		0.000000	%		0.000000	%	0-29 Days		0.000000	%		0.000000	%
30 Days		1.566580	%		1.389854	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		1.566580	%		1.389854	%
60 Days		0.000000	%		0.000000	%	60 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	%	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	%	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	%	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	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%

		1.566580	%		1.389854	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			1.566580	%		1.389854	%

Collateral Statement


Collateral Description	Mixed Arm
Weighted Average Gross Coupon		3.121138	%
Weighted Average Net Coupon		2.745900	%
Weighted Average Pass-Through Rate		2.738400	%
Weighted Average Maturity (Stepdown Calculation)		329
Beginning Scheduled Collateral Loan Count		2,180
Number of Loans Paid in Full		29
Ending Scheduled Collateral Loan Count		2,151
Beginning Scheduled Collateral Balance		796,680,990.03
Ending Scheduled Collateral Balance		780,308,065.62
Ending Actual Collateral Balance at 31-Mar-2004		780,310,983.62
Monthly P&I Constant		2,073,140.10
Special Servicing Fee		0.00
Prepayment Penalties		0.00
Realized Loss Amount		0.00
Cumulative Realized Loss		0.00
Class A Optimal Amount		18,112,593.89
Ending Scheduled Balance for Premium Loans		780,308,065.62
Scheduled Principal		1,013.87
Unscheduled Principal		16,371,910.54


Miscellaneous Reporting
Pro Rata Senior Percent – Group 1	95.687606	%
Pro Rata Senior Percent – Group 2	95.668021	%
Senior Percent – Group 1	100.000000	%
Senior Percent – Group 2	100.000000	%
Senior Prepayment Percent – Group 1	100.000000	%
Senior Prepayment Percent – Group 2	100.000000	%
Subordinate Percent – Group 1	0.000000	%
Subordinate Percent – Group 2	0.000000	%
Subordinate Prepayment Percent – Group 1	0.000000	%
Subordinate Prepayment Percent – Group 2	0.000000	%
Principal Transfer Amount – Group 1	0.00
Principal Transfer Amount – Group 2	0.00
Interest Transfer Amount – Group 1	0.00
Interest Transfer Amount – Group 2	0.00


Group	1 Mo. Libor – Gr 1		6 Mo Libor – Gr 1		6 Mo Libor – Gr 2		Total
Collateral Description	1 Month LIBOR ARM		6 Month LIBOR ARM		6 Month LIBOR ARM			Mixed ARM
Weighted Average Coupon Rate		2.866294		3.155969		3.146088			3.121138
Weighted Average Net Rate		2.491294		2.780673		2.770927			2.745900
Pass-Through Rate		2.483794		2.773173		2.763427			2.738400
Weighted Average Maturity		314		332		329			329
Record Date		03/31/2004		03/31/2004		03/31/2004			03/31/2004
Principal and Interest Constant		217,138.11		1,478,677.68		377,324.31			2,073,140.10
Beginning Loan Count		198		1,596		386			2,180
Loans Paid in Full		5		21		3			29
Ending Loan Count		193		1,575		383			2,151
Beginning Scheduled Balance		90,884,173.42		561,876,240.71		143,920,575.90			796,680,990.03
Ending Scheduled Balance		86,707,300.43		550,463,254.54		143,137,510.65			780,308,065.62
Scheduled Principal		54.16		957.73		1.98			1,013.87
Unscheduled Principal		4,176,818.83		11,412,028.44		783,063.27			16,371,910.54
Scheduled Interest		217,083.95		1,477,719.95		377,322.33			2,072,126.23
Servicing Fee		28,401.30		175,724.89		44,994.45			249,120.64
Master Servicing Fee		568.02		3,511.72		899.51			4,979.25
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		188,114.63		1,298,483.34		331,428.37			1,818,026.34
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