Wells Fargo Bank Minnesota, N.A. SMT Series 2002-7 Certificateholder Distribution Statement (January 2003)

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2002-7 trust. It details the interest and principal payments made to certificateholders as of January 31, 2003, with distributions occurring on February 20, 2003. The statement lists the classes of certificates, their balances, interest rates, and the amounts distributed. It also confirms that all calculations were made in accordance with the Pooling and Servicing Agreement, and notes that no realized losses were reported for this period.

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EX-10.1 3 f88316exv10w1.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 2002-7 RECORD DATE: JANUARY 31, 2003 DISTRIBUTION DATE: FEBRUARY 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - ----------- --------- ----------- ------------- -------------- -------------- -------------- A 81743YAA5 SEN 1.70125% 517,486,190.73 733,644.48 4,428,134.76 A-R SMT0207AR SEN 3.52228% 0.00 0.00 0.00 B-1 81743YAE7 SUB 2.11125% 8,080,000.00 14,215.75 0.00 B-2 81743YAF4 SUB 3.18299% 5,771,000.00 15,307.52 0.00 B-3 81743YAG2 SUB 3.18299% 3,463,000.00 9,185.58 0.00 B-4 SMT0207B4 SUB 3.18299% 1,442,000.00 3,824.89 0.00 B-5 SMT0207B5 SUB 3.18299% 1,154,000.00 3,060.97 0.00 B-6 SMT0207B6 SUB 3.18299% 2,600,498.71 6,897.80 0.00 X-1 81743YAC1 SEN 1.10142% 0.00 83,388.56 0.00 X-2 81743YAD9 SEN 1.55360% 0.00 562,810.63 0.00 - ----------- -------------- -------------- -------------- Totals 539,996,689.44 1,432,336.18 4,428,134.76
Ending Current Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ----------- --------- --------------- -------------- -------------- -------------- A 81743YAA5 0.00 513,058,055.97 5,161,779.24 0.00 A-R SMT0207AR 0.00 0.00 0.00 0.00 B-1 81743YAE7 0.00 8,080,000.00 14,215.75 0.00 B-2 81743YAF4 0.00 5,771,000.00 15,307.52 0.00 B-3 81743YAG2 0.00 3,463,000.00 9,185.58 0.00 B-4 SMT0207B4 0.00 1,442,000.00 3,824.89 0.00 B-5 SMT0207B5 0.00 1,154,000.00 3,060.97 0.00 B-6 SMT0207B6 0.00 2,600,498.71 6,897.80 0.00 X-1 81743YAC1 0.00 0.00 83,388.56 0.00 X-2 81743YAD9 0.00 0.00 562,810.63 0.00 - ----------- --------------- -------------- -------------- -------------- Totals 0.00 535,568,554.68 5,860,470.94 0.00
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) - ----------- -------------- -------------- ------------ -------------- ---------- ---------- A 554,686,000.00 517,486,190.73 0.00 4,428,134.76 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 8,080,000.00 0.00 0.00 0.00 0.00 B-2 5,771,000.00 5,771,000.00 0.00 0.00 0.00 0.00 B-3 3,463,000.00 3,463,000.00 0.00 0.00 0.00 0.00 B-4 1,442,000.00 1,442,000.00 0.00 0.00 0.00 0.00 B-5 1,154,000.00 1,154,000.00 0.00 0.00 0.00 0.00 B-6 2,600,498.71 2,600,498.71 0.00 0.00 0.00 0.00 X-1 50.00 0.00 0.00 0.00 0.00 0.00 X-2 50.00 0.00 0.00 0.00 0.00 0.00 - ----------- -------------- -------------- ------------ -------------- ---------- ---------- Totals 577,196,698.71 539,996,689.44 0.00 4,428,134.76 0.00 0.00
Ending Ending Total Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----------- ---------------- --------------- --------------- ---------------- A 4,428,134.76 513,058,055.97 0.92495224 4,428,134.76 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 8,080,000.00 1.00000000 0.00 B-2 0.00 5,771,000.00 1.00000000 0.00 B-3 0.00 3,463,000.00 1.00000000 0.00 B-4 0.00 1,442,000.00 1.00000000 0.00 B-5 0.00 1,154,000.00 1.00000000 0.00 B-6 0.00 2,600,498.71 1.00000000 0.00 X-1 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 - ----------- ---------------- --------------- --------------- ---------------- Totals 4,428,134.76 535,568,554.68 0.92787876 4,428,134.76
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ---------- -------------- -------------- ------------ -------------- ----------- ----------- A 554,686,000.00 932.93537376 0.00000000 7.98313778 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ---------- ------------ --------------- --------------- ---------------- A 7.98313778 924.95223599 0.92495224 7.98313778 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000 X-1 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 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 Original Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall - --------- --------------- ------------ -------------- ----------- ----------- ----------- A 554,686,000.00 1.70125% 517,486,190.73 733,644.48 0.00 0.00 A-R 100.00 3.52228% 0.00 0.00 0.00 0.00 B-1 8,080,000.00 2.11125% 8,080,000.00 14,215.75 0.00 0.00 B-2 5,771,000.00 3.18299% 5,771,000.00 15,307.52 0.00 0.00 B-3 3,463,000.00 3.18299% 3,463,000.00 9,185.58 0.00 0.00 B-4 1,442,000.00 3.18299% 1,442,000.00 3,824.89 0.00 0.00 B-5 1,154,000.00 3.18299% 1,154,000.00 3,060.97 0.00 0.00 B-6 2,600,498.71 3.18299% 2,600,498.71 6,897.80 0.00 0.00 X-1 50.00 1.10142% 90,852,383.59 83,388.56 0.00 0.00 X-2 50.00 1.55360% 434,713,807.14 562,810.63 0.00 0.00 - --------- --------------- ----------- ----------- ----------- Totals 577,196,698.71 1,432,336.18 0.00 0.00
Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - --------- ---------- ---------- --------------- ----------- --------------- A 0.00 0.00 733,644.48 0.00 513,058,055.97 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 14,215.75 0.00 8,080,000.00 B-2 0.00 0.00 15,307.52 0.00 5,771,000.00 B-3 0.00 0.00 9,185.58 0.00 3,463,000.00 B-4 0.00 0.00 3,824.89 0.00 1,442,000.00 B-5 0.00 0.00 3,060.97 0.00 1,154,000.00 B-6 0.00 0.00 6,897.80 0.00 2,600,498.71 X-1 0.00 0.00 83,388.56 0.00 90,375,136.85 X-2 0.00 0.00 562,810.63 0.00 430,762,919.12 - --------- ---------- ---------- --------------- ----------- --------------- Totals 0.00 0.00 1,432,336.18 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------- -------------- ----------- ----------------- ---------------- ----------- ---------- A 554,686,000.00 1.70125% 932.93537376 1.32263024 0.00000000 0.00000000 A-R 100.00 3.52228% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 2.11125% 1000.00000000 1.75937500 0.00000000 0.00000000 B-2 5,771,000.00 3.18299% 1000.00000000 2.65249004 0.00000000 0.00000000 B-3 3,463,000.00 3.18299% 1000.00000000 2.65249206 0.00000000 0.00000000 B-4 1,442,000.00 3.18299% 1000.00000000 2.65248960 0.00000000 0.00000000 B-5 1,154,000.00 3.18299% 1000.00000000 2.65248700 0.00000000 0.00000000 B-6 2,600,498.71 3.18299% 1000.00000000 2.65249122 0.00000000 0.00000000 X-1 50.00 1.10142% 1817047.67180000 1667.771200000 0.00000000 0.00000000 X-2 50.00 1.55360% 8694276.14280000 11256 ###-###-#### 0.00000000 0.00000000
Non- Remaining Supported Unpaid Ending Interest Realized Total Interest Interest Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- ----------- ----------- ---------------- ---------- ------------------ A 0.00000000 0.00000000 1.32263024 0.00000000 924.95223599 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.75937500 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.65249004 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.65249206 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.65248960 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.65248700 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.65249122 0.00000000 1000.00000000 X-1 0.00000000 0.00000000 1667.77120000 0.00000000 1807502.73700000 X-2 0.00000000 0.00000000 11256 ###-###-#### 0.00000000 ###-###-####.38240000
(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 6,032,174.97 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,750.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 6,033,924.97 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 173,454.03 Payment of Interest and Principal 5,860,470.94 ------------ Total Withdrawals (Pool Distribution Amount) 6,033,924.97 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 168,954.05 Master Servicing Fee 4,499.98 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 173,454.03 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------- --------- ----------- -------- -------- Basis Risk Reserve Fund - X-1 1,512.84 0.00 0.00 1,512.84 Basis Risk Reserve Fund - X-2 8,487.16 0.00 0.00 8,487.16
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ---------------------------------- ----------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 1 600,000.00 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 -------------------- -------------------- --------------------- 1 600,000.00 0 0.00 0 0.00
REO TOTAL - ---------------------------------- ---------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0 0.00 30 Days 1 600,000.00 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 1 600,000.00
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ---------------------------------- ----------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.068074% 0.112031% 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% -------------------- -------------------- --------------------- 0.068074% 0.112031% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ---------------------------------- ---------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.068074% 0.112031% 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% 0.068074% 0.112031%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,750.00
Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.01872048% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.23318105% Special Hazard 5,771,967.00 1.00000000% 5,355,685.55 1.00000000%
Limit of subordinate's exposure to certain types of losses DELINQUENCY STATUS BY GROUP ONE-MONTH LIBOR
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ---------------------------------- ----------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 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
REO TOTAL - ---------------------------------- ---------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 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
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ---------------------------------- ----------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 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 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%
SIX-MONTH LIBOR
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ---------------------------------- ----------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 1 600,000.00 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 -------------------- -------------------- --------------------- 1 600,000.00 0 0.00 0 0.00
REO TOTAL - ---------------------------------- ---------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0 0.00 30 Days 1 600,000.00 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 1 600,000.00
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ---------------------------------- ----------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 30 Days 0.080906% 0.135536% 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% -------------------- -------------------- --------------------- 0.080906% 0.135536% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ---------------------------------- ---------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 30 Days 0.000000% 0.000000% 30 Days 0.080906% 0.135536% 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% 0.080906% 0.135536%
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 3.568445% Weighted Average Net Coupon 3.192989% Weighted Average Pass-Through Rate 3.182989% Weighted Average Maturity (Stepdown Calculation) 351 Beginning Scheduled Collateral Loan Count 1,482 Number of Loans Paid in Full 13 Ending Scheduled Collateral Loan Count 1,469 Beginning Scheduled Collateral Balance 539,996,689.44 Ending Scheduled Collateral Balance 535,568,554.68 Ending Actual Collateral Balance at 31-Jan-2003 535,565,140.47 Monthly P&I Constant 1,605,791.20 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 0.00 Unscheduled Principal 4,428,134.76
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.831364% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Basis RiskReserve Fund Income X-1 Basis Risk Reserve Fund Income X-2
GROUP ONE MONTH LIBOR SIX MONTH LIBOR TOTAL Collateral Description Monthly 6 Month Arm Mixed Fixed & Arm Weighted Average Coupon Rate 3.193969 3.646708 3.568445 Weighted Average Net Rate 2.818970 3.271157 3.192989 Pass-Through Rate 2.808969 3.261156 3.182989 Weighted Average Maturity 311 312 351 Record Date 01/31/2003 01/31/2003 01/31/2003 Principal and Interest Constant 248,456.01 1,357,335.19 1,605,791.20 Beginning Loan Count 234 1,248 1,482 Loans Paid in Full 1 12 13 Ending Loan Count 233 1,236 1,469 Beginning Scheduled Balance 93,346,922.29 446,649,767.15 539,996,689.44 Ending Scheduled Balance 92,877,656.64 442,690,898.04 535,568,554.68 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 469,265.65 3,958,869.11 4,428,134.76 Scheduled Interest 248,456.01 1,357,334.23 1,605,790.24 Servicing Fee 29,170.90 139,783.15 168,954.05 Master Servicing Fee 777.90 3,722.08 4,499.98 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 218,507.21 1,213,829.00 1,432,336.21 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