Date: March 7, 2003

EX-10.1 3 f88317exv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2002-8 RECORD DATE: JANUARY 31, 2003 DISTRIBUTION DATE: FEBRUARY 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss ----- ---------- ----------- ----------------- -------------- ------------ ------------ ------------- 1-A1 81743RAA0 SEN 1.49125% 22,673,246.22 28,176.23 4,751,282.03 0.00 1-A2 81743RAB8 SEN 3.45500% 61,468,000.00 176,976.62 0.00 0.00 2A 81743RAC6 SEN 1.66125% 443,551,089.52 614,041.04 4,251,139.95 0.00 3A 81743RAD4 SEN 3.31519% 47,605,822.46 131,518.54 670,768.55 0.00 X-1 81743RAE2 IO 2.40529% 0.00 168,653.27 0.00 0.00 X-2A 81743RAFf9 IO 1.09772% 0.00 165,529.78 0.00 0.00 X-2B 81743AFG7 IO 1.47957% 0.00 323,776.53 0.00 0.00 X-B 81743RAH5 IO 1.39383% 0.00 10,533.88 0.00 0.00 A-R 81743RAJ1 SEN 5.37352% 0.00 0.00 0.00 0.00 B-1 81743RAK8 SUB 2.03625% 9,069,000.00 15,388.96 0.00 0.00 B-2 81743RAL6 SUB 3.43008% 5,505,000.00 15,735.50 0.00 0.00 B-3 81743RAM4 SUB 3.43008% 3,886,000.00 11,107.75 0.00 0.00 B-4 SMT0208B4 SUB 3.43008% 1,618,000.00 4,624.89 0.00 0.00 B-5 SMT0208B5 SUB 3.43008% 970,000.00 2,772.65 0.00 0.00 B-6 SMT0208B6 SUB 3.43008% 2,306,324.82 6,592.40 0.00 0.00 ---------- ----------- ----------------- -------------- ------------ ------------ ------------- Totals 598,652,483.02 1,675,428.04 9,673,190.53 0.00 ============== ============ ============ =============
Ending Certificate Total Cumulative Class Balance Distribution Realized Loss ----- -------------- ------------- --------------- 1-A1 17,921,964.19 4,799,458.26 0.00 1-A2 61,468,000.00 176,976.62 0.00 2A 439,299,949.57 4,865,180.99 0.00 3A 46,935,053.91 802,287.09 0.00 X-1 0.00 168,653.27 0.00 X-2A 0.00 165,529.78 0.00 X-2B 0.00 323,776.53 0.00 X-B 0.00 10,533.88 0.00 A-R 0.00 0.00 0.00 B-1 9,069,000.00 15,388.96 0.00 B-2 5,505,000.00 15,735.50 0.00 B-3 3,886,000.00 11,107.75 0.00 B-4 1,618,000.00 4,624.89 0.00 B-5 970,000.00 2,772.65 0.00 B-6 2,306,324.82 6,592.40 0.00 -------------- ------------- --------------- Totals 588,979,292.49 11,348,618.57 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 Original Face Certificate Principal Principal Realized Total Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction ----- -------------- -------------- ------------ ------------ --------- --------- --------------- 1-A1 50,000,000.00 22,673,246.22 440.49 4,750,841.54 0.00 0.00 4,751,282.03 1-A2 61,468,000.00 61,468,000.00 0.00 0.00 0.00 0.00 0.00 2A 463,097,000.00 443,551,089.52 4,662.17 4,246,477.78 0.00 0.00 4,251,139.95 3A 49,973,000.00 47,605,822.46 0.00 670,768.55 0.00 0.00 670,768.55 X-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2B 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 9,069,000.00 9,069,000.00 0.00 0.00 0.00 0.00 0.00 B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 0.00 0.00 B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 0.00 0.00 B-5 970,000.00 970,000.00 0.00 0.00 0.00 0.00 0.00 B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ------------ ------------ --------- --------- --------------- Totals 647,892,424.82 598,652,483.02 5,102.66 9,668,087.87 0.00 0.00 9,673,190.53 ============== ============== ============ ============ ========= ========= ===============
Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution ----- ------------------ ------------------ --------------- 1-A1 17,921,964.19 0.35843928 4,751,282.03 1-A2 61,468,000.00 1.00000000 0.00 2A 439,299,949.57 0.94861325 4,251,139.95 3A 46,935,053.91 0.93920825 670,768.55 X-1 0.00 0.00000000 0.00 X-2A 0.00 0.00000000 0.00 X-2B 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 9,069,000.00 1.00000000 0.00 B-2 5,505,000.00 1.00000000 0.00 B-3 3,886,000.00 1.00000000 0.00 B-4 1,618,000.00 1.00000000 0.00 B-5 970,000.00 1.00000000 0.00 B-6 2,306,324.82 1.00000000 0.00 ------------------ ------------------ --------------- Totals 588,979,292.49 0.90906958 9,673,190.53 ================== ================== ===============
(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 Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction ----- -------------- -------------- ------------ ------------ ---------- ---------- --------------- 1-A1 50,000,000.00 453.46492440 0.00880980 95.01683080 0.00000000 0.00000000 95.02564060 1-A2 61,468,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2A 463,097,000.00 957.79305312 0.01006737 9.16973718 0.00000000 0.00000000 9.17980455 3A 49,973,000.00 952.63086987 0.00000000 13.42261921 0.00000000 0.00000000 13.42261921 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 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 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 -------------- -------------- ------------ ------------ ---------- ---------- ---------------
Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution ----- ------------------ ------------------ --------------- 1-A1 358.43928380 0.35843928 95.02564060 1-A2 1000.00000000 1.00000000 0.00000000 2A 948.61324856 0.94861325 9.17980455 3A 939.20825066 0.93920825 13.42261921 X-1 0.00000000 0.00000000 0.00000000 X-2A 0.00000000 0.00000000 0.00000000 X-2B 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
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ----- -------------- ---------------- -------------- ---------- --------- ---------- ------------ -------- 1-A1 50,000,000.00 1.49125% 22,673,246.22 28,176.23 0.00 0.00 0.00 0.00 1-A2 61,468,000.00 3.45500% 61,468,000.00 176,976.62 0.00 0.00 0.00 0.00 2A 463,097,000.00 1.66125% 443,551,089.52 614,041.04 0.00 0.00 0.00 0.00 3A 49,973,000.00 3.31519% 47,605,822.46 131,518.54 0.00 0.00 0.00 0.00 X-1 0.00 2.40529% 84,141,246.22 168,653.27 0.00 0.00 0.00 0.00 X-2A 0.00 1.09772% 180,953,688.33 165,529.78 0.00 0.00 0.00 0.00 X-2B 0.00 1.47957% 262,597,401.19 323,776.53 0.00 0.00 0.00 0.00 X-B 0.00 1.39383% 9,069,000.00 10,533.88 0.00 0.00 0.00 0.00 A-R 100.00 5.37352% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 9,069,000.00 2.03625% 9,069,000.00 15,388.96 0.00 0.00 0.00 0.00 B-2 5,505,000.00 3.43008% 5,505,000.00 15,735.50 0.00 0.00 0.00 0.00 B-3 3,886,000.00 3.43008% 3,886,000.00 11,107.75 0.00 0.00 0.00 0.00 B-4 1,618,000.00 3.43008% 1,618,000.00 4,624.89 0.00 0.00 0.00 0.00 B-5 970,000.00 3.43008% 970,000.00 2,772.65 0.00 0.00 0.00 0.00 B-6 2,306,324.82 3.43008% 2,306,324.82 6,592.40 0.00 0.00 0.00 0.00 -------------- ---------------- -------------- ---------- --------- ---------- ------------ -------- Totals 647,892,424.82 1,675,428.04 0.00 0.00 0.00 0.00 ============== ================ ============== ========== ========= ========== ============ ========
Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance ----- --------------- --------- -------------- 1-A1 28,176.23 0.00 17,921,964.19 1-A2 176,976.62 0.00 61,468,000.00 2A 614,041.04 0.00 439,299,949.57 3A 131,518.54 0.00 46,935,053.91 X-1 168,653.27 0.00 79,389,964.19 X-2A 165,529.78 0.00 178,090,119.86 X-2B 323,776.53 0.00 261,209,829.71 X-B 10,533.88 0.00 9,069,000.00 A-R 0.00 0.00 0.00 B-1 15,388.96 0.00 9,069,000.00 B-2 15,735.50 0.00 5,505,000.00 B-3 11,107.75 0.00 3,886,000.00 B-4 4,624.89 0.00 1,618,000.00 B-5 2,772.65 0.00 970,000.00 B-6 6,592.40 0.00 2,306,324.82 --------------- --------- -------------- Totals 1,675,428.04 0.00 =============== ========= ==============
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) ----- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- ---------- 1-A1 50,000,000.00 1.49125% 453.46492440 0.56352460 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 3.45500% 1000.00000000 2.87916672 0.00000000 0.00000000 0.00000000 0.00000000 2A 463,097,000.00 1.66125% 957.79305312 1.32594476 0.00000000 0.00000000 0.00000000 0.00000000 3A 49,973,000.00 3.31519% 952.63086987 2.63179197 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 2.40529% 754.84664854 1.51301961 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 1.09772% 960.65587877 0.87877267 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00 1.47957% 955.83021346 1.17851657 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.39383% 1000.00000000 1.16152608 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 5.37352% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 2.03625% 1000.00000000 1.69687507 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 3.43008% 1000.00000000 2.85840145 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 3.43008% 1000.00000000 2.85840196 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 3.43008% 1000.00000000 2.85839926 0.00000000 0.00000000 0.00000000 0.00000000 B-5 970,000.00 3.43008% 1000.00000000 2.85840206 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 3.43008% 1000.00000000 2.85840049 0.00000000 0.00000000 0.00000000 0.00000000 -------------- ----------- ---------------- --------------- ---------- ---------- ---------- ----------
Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance ----- -------------- ---------- ------------------- 1-A1 0.56352460 0.00000000 358.43928380 1-A2 2.87916672 0.00000000 1000.00000000 2A 1.32594476 0.00000000 948.61324856 3A 2.63179197 0.00000000 939.20825066 X-1 1.51301961 0.00000000 712.22202058 X-2A 0.87877267 0.00000000 945.45362503 X-2B 1.17851657 0.00000000 950.77958181 X-B 1.16152608 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.69687507 0.00000000 1000.00000000 B-2 2.85840145 0.00000000 1000.00000000 B-3 2.85840196 0.00000000 1000.00000000 B-4 2.85839926 0.00000000 1000.00000000 B-5 2.85840206 0.00000000 1000.00000000 B-6 2.85840049 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 11,533,593.48 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,972.58 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 11,535,566.06 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 186,947.50 Payment of Interest and Principal 11,348,618.06 ------------- Total Withdrawals (Pool Distribution Amount) 11,535,566.06 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 182,457.61 Master Servicing Fee 4,489.89 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 186,947.50 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- -------- Class X-1 Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00 Class X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-B Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 2 740,918.19 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 -------- ---------- -------- --------- -------- --------- 2 740,918.19 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 0.130976% 0.125797% 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% -------- ---------- -------- --------- -------- --------- 0.130976% 0.125797% 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 2 740,918.19 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 2 740,918.19 No. of Principal No. of Principal Loans Balance Loans Balance 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.130976% 0.125797% 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% 0.130976% 0.125797%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,972.58
Original $ Original% Current $ Current % Current Class % Prepayment % -------------- ----------- -------------- ------------ ---------------- ------------ Class A 647,892,324.82 99.99998457% 588,979,292.49 100.00000000% 96.034780% 0.000000% Class 1-A-1 597,892.324.82 92.28265402% 571,057,328.30 96.95711472% 3.042885% 76.739381% Class 1-A-2 536,424,324.82 82.79527654% 509,589,328.30 86.52075460% 10.436360% 263.197504% Class 2A 73,327,324.82 11.31782407% 70,289,378.73 11.93410017% 74.586654% 1,881.021836% Class 3A 23,354,324.82 3.60466089% 23,354,324.82 3.96522002% 7.968880% 200.969432% Class X-1 23,354,324.82 3.60466089% 23,354,324.82 3.96522002% 0.000000% 0.000000% Class B-1 14,285,324.82 2.20489147% 14,285,324.82 2.42543753% 1.539782% 38.832208% Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.49076970% 0.934668% 23.571651% Class B-3 4,894,324.82 0.75542245% 4,894,324.82 0.83098419% 0.659786% 16.639316% Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.55627165% 0.274713% 6.928053% Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.39157995% 0.164692% 4.153406% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.391580% 9.875365%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % ------------- ---------- ------------- ---------- Bankruptcy 126,045.00 0.01945462% 126,045.00 0.02140058% Fraud 19,436,773.00 3.00000004% 19,436,773.00 3.30007748% Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 2.63158658%
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 0-29 Days 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 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 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% 0-29 Days 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 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%
REO TOTAL --- ----- No. of Principal No. of Principal Loans Balance Loans Balance 0 0.00 0-29 Days 0 0.00 0. 0.00 30 Days 0 0.00 0 0.00 60 Days 0 0.00 0 0.00 90 Days 0 0.00 0 0.00 120 Days 0 0.00 0 0.00 150 Days 0 0.00 0 0.00 180+ Days 0 0.00 -------- ---------- -------- ---------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ---------- -------- ---------- 0.000000% 0.000000% 0.000000% 0.000000%
GROUP 2
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 2 740,918.19 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 -------- ---------- -------- --------- -------- --------- 2 740,918.19 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 0.164745% 0.162271% 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% -------- ---------- -------- --------- -------- --------- 0.164745% 0.162271% 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 2 740,918.19 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 2 740,918.19 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 0.164745% 0.162271% 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% 0.164745% 0.162271%
Group 3
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- ---------- -------- --------- -------- --------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ---------- -------- --------- -------- --------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL --- ----- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- ---------- -------- ---------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.733135% Weighted Average Net Coupon 3.367399% Weighted Average Pass-Through Rate 3.358399% Weighted Average Maturity (Stepdown Calculation) 325 Beginning Scheduled Collateral Loan Count 1,545 Number of Loans Paid in Full 18 Ending Scheduled Collateral Loan Count 1,527 Beginning Scheduled Collateral Balance 598,652,483.02 Ending Scheduled Collateral Balance 588,979,292.49 Ending Actual Collateral Balance at 31-Jan-2003 588,978,381.37 Monthly P&I Constant 1,867,478.20 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,281,862.53 Ending Scheduled Balance for Premium Loans 588,979,292.49 Scheduled Principal 5,102.66 Unscheduled Principal 9,668,087.87
MISCELLANEOUS REPORTING One Month Libor Loan Balance 185,101,061.16 Six Month Libor Loan Balance 403,518,201.45 Pro Rata Senior Percent 96.098851% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 3 TOTAL ----- ------------- -------------- ------------- -------------- Collateral Description Mixed ARM Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.590123 3.380956 3.699188 3.733135 Weighted Average Net Rate 5.340123 2.994038 3.324188 3.367399 Pass-Through Rate 5.331123 2.985038 3.315188 3.358399 Weighted Average Maturity 349 316 353 325 Record Date 01/31/2003 01/31/2003 01/31/2003 01/31/2003 Principal and Interest Constant 411,801.48 1,303,076.66 152,600.06 1,867,478.20 Beginning Loan Count 175 1,223 147 1,545 Loans Paid in Full 8 9 1 18 Ending Loan Count 167 1,214 146 1,527 Beginning Scheduled Balance 88,304,529.11 460,845,177.26 49,502,776.65 598,652,483.02 Ending Scheduled Balance 83,553,247.08 456,594,037.31 48,832,008.10 588,979,292.49 Scheduled Principal 440.49 4,662.17 0.00 5,102.66 Unscheduled Principal 4,750,841.54 4,246,477.78 670,768.55 9,668,087.87 Scheduled Interest 411,360.99 1,298,414.49 152,600.06 1,862,375.54 Servicing Fee 18,396.78 148,591.21 15,469.62 182,457.61 Master Servicing Fee 662.28 3,456.34 371.27 4,489.89 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 392,301.93 1,146,366.94 136,759.17 1,675,428.04 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