Sequoia Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 9 (the Certificates)

Contract Categories: Real Estate - Mortgage Agreements
EX-10.1 3 f88323exv10w1.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 2002-9 RECORD DATE: JANUARY 31, 2003 DISTRIBUTION DATE: FEBRUARY 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Current Ending Cumulative Class Pass-Through Certificate Interest Principal Realized Certificate Total Realized Class CUSIP Description Rate Balance Distribution Distribution Loss Balance Distribution Loss ----- ----- ----------- ---- ------- ------------ ------------ ---- ------- ------------ ---- 1A 81743SAA8 SEN 1.71125% 371,172,126.48 529,306.92 644,911.55 0.00 370,527,214.93 1,174,218.47 0.00 2A 81743SAB6 SEN 3.27487% 160,516,743.92 438,059.66 3,942,022.25 0.00 156,574,721.67 4,380,081.91 0.00 X-1A 81743SAC4 IO 1.05283% 0.00 173,852.63 0.00 0.00 0.00 173,852.63 0.00 X-1B 81743SAD2 IO 1.18810% 0.00 171,302.12 0.00 0.00 0.00 171,302.12 0.00 X-B 81743SAE0 IO 0.85322% 0.00 5,476.23 0.00 0.00 0.00 5,476.23 0.00 A-R 81743SAF7 SEN 3.31673% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 81743SAG5 SUB 2.11125% 7,702,000.00 13,550.71 0.00 0.00 7,702,000.00 13,550.71 0.00 B-2 81743SAH3 SUB 2.96447% 4,564,000.00 11,274.86 0.00 0.00 4,564,000.00 11,274.86 0.00 B-3 81743SAJ9 SUB 2.96447% 3,424,000.00 8,458.61 0.00 0.00 3,424,000.00 8,458.61 0.00 B-4 SMT0209B4 SUB 2.96447% 1,426,000.00 3,522.77 0.00 0.00 1,426,000.00 3,522.77 0.00 B-5 SMR0209B5 SUB 2.96447% 856,000.00 2,114.65 0.00 0.00 856,000.00 2,114.65 0.00 B-6 SMT0209B6 SUB 2.96447% 1,997,086.78 4,933.58 0.00 0.00 1,997,086.78 4,933.58 0.00 - ------ --------- --- ------- -------------- ------------ ------------ ---- -------------- ------------ ---- Totals 551,657,957.18 1,361,852.74 4,586,933.80 0.00 547,071,023.38 5,948,786.54 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
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) - ----- ------ ------- ------------ ------------ --------- -------- 1A 381,698,000.00 371,172,126.48 1.30 644,910.25 0.00 0.00 2A 168,875,000.00 160,516,743.92 0.00 3,942,022.25 0.00 0.00 X-1A 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 X-B 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 B-1 7,702,000.00 7,702,000.00 0.00 0.00 0.00 0.00 B-2 4,564,000.00 4,564,000.00 0.00 0.00 0.00 0.00 B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 0.00 B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 0.00 B-5 856,000.00 856,000.00 0.00 0.00 0.00 0.00 B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------ ---- ---- Totals 570,533,186.78 551,657,957.18 1.30 4,586,932.50 0.00 0.00 -------------- -------------- ---- ------------ ---- ----
Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ----- --------- ------- ---------- ------------ 1A 644,911.55 370,527,214.93 0.97075686 644,911.55 2A 3,942,022.25 156,574,721.67 0.92716341 3,942,022.25 X-1A 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 7,702,000.00 1.00000000 0.00 B-2 0.00 4,564,000.00 1.00000000 0.00 B-3 0.00 3,424,000.00 1.00000000 0.00 B-4 0.00 1,426,000.00 1.00000000 0.00 B-5 0.00 856,000.00 1.00000000 0.00 B-6 0.00 1,997,086.78 1.00000000 0.00 ------------ -------------- ---------- ------------ Totals 4,586,933.80 547,071,023.38 0.95887678 4,586,933.80 ------------ -------------- ---------- ------------
(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.
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) - ----- ------ ------- ------------ ------------ --------- -------- 1A 381,698,000.00 371,172,126.48 1.30 644,910.25 0.00 0.00 2A 168,875,000.00 160,516,743.92 0.00 3,942,022.25 0.00 0.00 X-1A 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 X-B 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 B-1 7,702,000.00 7,702,000.00 0.00 0.00 0.00 0.00 B-2 4,564,000.00 4,564,000.00 0.00 0.00 0.00 0.00 B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 0.00 B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 0.00 B-5 856,000.00 856,000.00 0.00 0.00 0.00 0.00 B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------ ---- ---- Totals 570,533,186.78 551,657,957.18 1.30 4,586,932.50 0.00 0.00 -------------- -------------- ---- ------------ ---- ----
Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ----- --------- ------- ---------- ------------ 1A 644,911.55 370,527,214.93 0.97075686 644,911.55 2A 3,942,022.25 156,574,721.67 0.92716341 3,942,022.25 X-1A 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 7,702,000.00 1.00000000 0.00 B-2 0.00 4,564,000.00 1.00000000 0.00 B-3 0.00 3,424,000.00 1.00000000 0.00 B-4 0.00 1,426,000.00 1.00000000 0.00 B-5 0.00 856,000.00 1.00000000 0.00 B-6 0.00 1,997,086.78 1.00000000 0.00 ------------ -------------- ---------- ------------ Totals 4,586,933.80 547,071,023.38 0.95887678 4,586,933.80 ------------ -------------- ---------- ------------
PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ----- ------ ------- ------------ ------------ --------- -------- 1A 381,698,000.00 972.44648518 0.00000341 1.68962231 0.00000000 0.00000000 2A 168,875,000.00 950.50625563 0.00000000 23.34284086 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ------------ ------------- ---------- ---------- ---------- ----------
Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ----- --------- ------- ---------- ------------ 1A 1.68962572 970.75685946 0.97075686 1.68962572 2A 23.34284086 927.16341477 0.92716341 23.34284086 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 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 ---------- ------------- ---------- ----------
(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 Non- Original Current Certificate Current of Unpaid Current Supported Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ----- ------ ---- ------- -------- --------- --------- --------- -------- 1A 381,698,000.00 1.71125% 371,172,126.48 529,306.92 0.00 0.00 0.00 0.00 2A 168,875,000.00 3.27487% 160,516,743.92 438,059.66 0.00 0.00 0.00 0.00 X-1A 0.00 1.05283% 198,154,754.93 173,852.63 0.00 0.00 0.00 0.00 X-1B 0.00 1.18810% 173,017,371.55 171,302.13 0.00 0.00 0.00 0.00 X-B 0.00 0.85322% 7,702,000.00 5,476.23 0.00 0.00 0.00 0.00 A-R 100.00 3.31673% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 2.11125% 7,702,000.00 13,550.71 0.00 0.00 0.00 0.00 B-2 4,564,000.00 2.96447% 4,564,000.00 11,274.86 0.00 0.00 0.00 0.00 B-3 3,424,000.00 2.96447% 3,424,000.00 8,458.61 0.00 0.00 0.00 0.00 B-4 1,426,000.00 2.96447% 1,426,000.00 3,522.77 0.00 0.00 0.00 0.00 B-5 856,000.00 2.96447% 856,000.00 2,114.65 0.00 0.00 0.00 0.00 B-6 1,997,086.78 2.96447% 1,997,086.78 4,933.58 0.00 0.00 0.00 0.00 -------------- ------- ------------ ------------ ---- ---- ---- ---- Totals 570,533,186.78 1,361,852.75 0.00 0.00 0.00 0.00 -------------- ------- ------------ ------------ ---- ---- ---- ----
Remaining Ending Total Unpaid Certificate/ Interest Interest Notational Class Distribution Shortfall Balance ----- ------------ --------- ------- 1A 529,306.92 0.00 370,527,214.93 2A 438,059.66 0.00 156,574,721.67 X-1A 173,852.63 0.00 197,699,294.52 X-1B 171,302.12 0.00 172,827,920.41 X-B 5,476.23 0.00 7,702,000.00 A-R 0.00 0.00 0.00 B-1 13,550.71 0.00 7,702,000.00 B-2 11,274.86 0.00 4,564,000.00 B-3 8,458.61 0.00 3,424,000.00 B-4 3,522.77 0.00 1,426,000.00 B-5 2,114.65 0.00 856,000.00 B-6 4,933.58 0.00 1,997,086.78 ------------ ---- -------------- Totals 1,361,852.74 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 Non- Original Current Certificate Current of Unpaid Current Supported Face Certificate Notional Accrued Interest Interest Interest Realized Class(5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) ----- ------ ---- ------- -------- --------- --------- --------- -------- 1A 381,698,000.00 1.71125% 972.44648518 1.38674921 0.00000000 0.00000000 0.00000000 0.00000000 2A 168,875,000.00 3.27487% 950.50625563 2.59398762 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.05283% 972.46015957 0.85319556 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.18810% 972.43082452 0.96279044 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.85322% 1000.00000000 0.71101402 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.31673% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 2.11125% 1000.00000000 1.75937549 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 2.96447% 1000.00000000 2.47039001 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 2.96447% 1000.00000000 2.47038843 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 2.96447% 1000.00000000 2.47038569 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 2.96447% 1000.00000000 2.47038551 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 2.96447% 1000.00000000 2.47038839 0.00000000 0.00000000 0.00000000 0.00000000 ------------ ------- ------------- ---------- ---------- ---------- ---------- ----------
Remaining Ending Total Unpaid Certificate/ Interest Interest Notational Class(5) Distribution Shortfall Balance ----- ------------ --------- ------- 1A 1.38674921 0.00000000 970.75685946 2A 2.59398762 0.00000000 927.16341477 X-1A 0.85319556 0.00000000 970.22495153 X-1B 0.96279039 0.00000000 971.36602897 X-B 0.71101402 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.75937549 0.00000000 1000.00000000 B-2 2.47039001 0.00000000 1000.00000000 B-3 2.47038843 0.00000000 1000.00000000 B-4 2.47038569 0.00000000 1000.00000000 B-5 2.47038551 0.00000000 1000.00000000 B-6 2.47038839 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 6,117,334.64 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 8,201.19 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 6,125,535.83 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 176,749.29 Payment of Interest and Principal 5,948,786.54 ------------ Total Withdrawals (Pool Distribution Amount) 6,125,535.83 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 172,611.86 Master Servicing Fee 4,137.43 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 176,749.29 ============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ ------- ----------- -------- ------- X-1 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ----- ------- ----- ------- ----- ------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 8 1,570,518.40 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 1,554,753.12 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 ----- ------------ ----- -------- ----- --------- 11 3,125,271.52 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 0.542741% 0.287086% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.203528% 0.284204% 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% --------- --------- --------- --------- --------- --------- 0.746269% 0.571290% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL --- ----- No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 30 Days 0 0.00 30 Days 8 1,570,518.40 60 Days 60 Days 0 0.00 60 Days 3 1,554,753.12 90 Days 90 Days 0 0.00 90 Days 0 0.00 120 Days 120 Days 0 0.00 120 Days 0 0.00 150 Days 150 Days 0 0.00 150 Days 0 0.00 180+ Days 180+ Days 0 0.00 180+ Days 0 0.00 --------- --------- ------ ------------ 0 0.00 11 3,125,271.52 No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 30 Days 0.000000% 0.000000% 30 Days 0.542741% 0.287086% 60 Days 60 Days 0.000000% 0.000000% 60 Days 0.203528% 0.284204% 90 Days 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- 0.000000% 0.000000% 0.746269% 0.571290%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8,201.19
Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 570,533,086.78 99.99998247% 547,071,023.38 100.00000000% 96.349818% 0.000000% Class 1A 188,844,086.78 33.09957968% 176,543,808.45 32.27072919% 67.729271% 1,855.504055% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.65018177% 28.620547% 784.085539% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.24232070% 1.407861% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.40805973% 0.834261% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.78218122% 0.625879% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.52152036% 0.260661% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.36505073% 0.156470% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.365051% 10.000892%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % ---------- ---------- --------- --------- Bankruptcy 100,000.00 0.01752746% 100,000.00 0.01827916% Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.12866068% Special Hazard 6,000,0000.00 1.05164785% 5,999,500.00 1.09665834%
Limit of subordinate's exposure to certain types of losses DELINQUENCY STATUS BY GROUP GROUP 1
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ----- ------- ----- ------- ----- ------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 2 315,474.20 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 1,554,753.12 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 ----- ------------ ----- -------- ----- -------- 5 1,870,227.32 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 0.199005% 0.082076% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.298507% 0.404498% 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% -------- ------------ -------- -------- -------- -------- 0.497512% 0.486574% 0.000000% 0.000000% 0.000000% 0.000000% -------- ------------ -------- -------- -------- --------
REO TOTAL --- ----- No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 30 Days 0. 0.00 30 Days 2 315,474.20 60 Days 60 Days 0 0.00 60 Days 3 1,554,753.12 90 Days 90 Days 0 0.00 90 Days 0 0.00 120 Days 120 Days 0 0.00 120 Days 0 0.00 150 Days 150 Days 0 0.00 150 Days 0 0.00 180+ Days 180+ Days 0 0.00 180+Days 0 0.00 -------- -------- ----- ------------ 0 0.00 5 1,870,227.32 -------- -------- ----- ------------ No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 30 Days 0.000000% 0.000000% 30 Days 0.199005% 0.082076% 60 Days 60 Days 0.000000% 0.000000% 60 Days 0.298507% 0.404498% 90 Days 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- ------------ 0.000000% 0.000000% 0.497512% 0.486574% -------- -------- -------- ------------
GROUP 2
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ----- ------- ----- ------- ----- ------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 6 1,255,044.20 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ----- ------------ ----- -------- ----- -------- 6 1,255,044.20 0 0.00 0 0.00 ----- ------------ ----- -------- ----- -------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ----- ------- ----- ------- ----- ------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 1.279318% 0.771439% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ -------- -------- -------- -------- 1.279318% 0.771439% 0.000000% 0.000000% 0.000000% 0.000000% -------- ------------ -------- -------- -------- --------
REO TOTAL --- ----- No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 30 Days 0 0.00 30 Days 6 1,255,044.20 60 Days 60 Days 0 0.00 60 Days 0 0.00 90 Days 90 Days 0 0.00 90 Days 0 0.00 120 Days 120 Days 0 0.00 120 Days 0 0.00 150 Days 150 Days 0 0.00 150 Days 0 0.00 180+ Days 180+ Days 0 0.00 180+ Days 0 0.00 -------- -------- ----- ------------ 0 0.00 6 1,255,044.20 -------- -------- ----- ------------ No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 30 Days 0.000000% 0.000000% 30 Days 1.279318% 0.771439% 60 Days 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- ------------ 0.000000% 0.000000% 1.279318% 0.771439% -------- -------- -------- ------------
COLLATERAL STATEMENT
Collateral Description Mixed Arm - ---------------------- --------- Weighted Average Gross Coupon 3.346861% Weighted Average Net Coupon 2.971385% Weighted Average Pass-Through Rate 2.962385% Weighted Average Maturity (Stepdown Calculation) 327 Beginning Scheduled Collateral Loan Count 1,485 Number of Loans Paid in Full 11 Ending Scheduled Collateral Loan Count 1,474 Beginning Scheduled Collateral Balance 551,657,957.19 Ending Scheduled Collateral Balance 547,071,023.39 Ending Actual Collateral Balance at 31-Jan-2003 547,055,052.70 Monthly P&I Constant 1,538,603.34 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,899,455.13 Ending Scheduled Balance for Premium Loans 547,071,023.39 Scheduled Principal 1.30 Unscheduled Principal 4,586,932.50
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.380169% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 TOTAL ----- - - ----- Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.211818 3.658871 3.346861 Weighted Average Net Rate 2.836136 3.283871 2.971385 Pass-Through Rate 2.827136 3.274871 2.962385 Weighted Average Maturity 311 353 327 Record Date 01/31/2003 01/31/2003 01/31/2003 Principal and Interest Constant 1,030,502.84 508,100.50 1,538,603.34 Beginning Loan Count 1,006 479 1,485 Loans Paid in Full 1 10 11 Ending Loan Count 1,005 469 1,474 Beginning Scheduled Balance 385,016,213.27 166,641,743.92 551,657,957.19 Ending Scheduled Balance 384,371,301.72 162,699,721.67 547,071,023.39 Scheduled Principal 1.30 0.00 1.30 Unscheduled Principal 644,910.25 3,942,022.25 4,586,932.50 Scheduled Interest 1,030,501.54 508,100.50 1,538,602.04 Servicing Fee 120,536.32 52,075.54 172,611.86 Master Servicing Fee 2,887.62 1,249.81 4,137.43 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 907,077.60 454,775.15 1,361,852.75 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING
Group 1 - ------- One Month LIBOR Loans 205,085,975.12 Six Month LIBOR Loans 179,285,326.60