SMT Series 2002-10 Certificateholder Distribution Statement by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Operations › Distribution Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2002-10 trust. It details the principal and interest payments made to holders of various classes of certificates as of January 31, 2003, with distributions occurring on February 20, 2003. The statement includes balances, distribution amounts, interest rates, and loss information, as calculated under the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 3 f88322exv10w1.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 2002-10 RECORD DATE: JANUARY 31, 2003 DISTRIBUTION DATE: FEBRUARY 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ----- ----- ----------- ----- ------- ------------ 1A 81743VAA1 SEN 1.76125% 809,317,930.57 1,187,842.67 2A-1 81743VAB9 SEN 1.74125% 186,967,720.87 271,297.95 2A-2 81743VAN3 SEN 2.04125% 3,500,000.00 5,953.65 X-1A 81743VAC7 IO 1.13045% 0.00 365,272.38 X-1B 81743VAD5 IO 1.66936% 0.00 586,460.51 X-2 81743VAP8 IO 1.68611% 0.00 267,624.91 X-B 81743VAE3 IO 0.95058% 0.00 20,378.06 A-R 81743VAF0 SEN 3.39488% 0.00 0.00 B-1 81743VAG8 SUB 2.16125% 12,600,000.00 22,693.12 B-2 81743VAH6 SUB 2.16125% 8,400,000.00 15,128.75 B-3 81743VAJ2 SUB 2.76125% 4,725,000.00 10,872.42 B-4 SMT0210B4 SUB 3.22203% 2,625,000.00 7,048.20 B-5 SMT0210B5 SUB 3.22203% 2,100,000.00 5,638.56 B-6 SMT0210B6 SUB 3.22203% 3,685,162.00 9,894.76 Totals 1,033,920,813.44 2,776,105.94
Current Principal Realized Loss Ending Total Cumulative Class CUSIP Distribution Balance Certificate Distribution Realized Loss - ----- ----- ------------ ------- ----------- ------------ ------------- 1A 81743VAA1 7,253,358.34 0.00 802,064,572.23 8,441,201.01 0.00 2A-1 81743VAB9 805,966.16 0.00 186,161,754.71 1,077,264.11 0.00 2A-2 81743VAN3 0.00 0.00 3,500,000.00 5,953.65 0.00 X-1A 81743VAC7 0.00 0.00 0.00 365,272.38 0.00 X-1B 81743VAD5 0.00 0.00 0.00 586,460.51 0.00 X-2 81743VAP8 0.00 0.00 0.00 267,624.91 0.00 X-B 81743VAE3 0.00 0.00 0.00 20,378.06 0.00 A-R 81743VAF0 0.00 0.00 0.00 0.00 0.00 B-1 81743VAG8 0.00 0.00 12,600,000.00 22,693.12 0.00 B-2 81743VAH6 0.00 0.00 8,400,000.00 15,128.75 0.00 B-3 81743VAJ2 0.00 0.00 4,725,000.00 10,872.42 0.00 B-4 SMT0210B4 0.00 0.00 2,625,000.00 7,048.20 0.00 B-5 SMT0210B5 0.00 0.00 2,100,000.00 5,638.56 0.00 B-6 SMT0210B6 0.00 0.00 3,685,162.00 9,894.76 0.00 Totals 8,059,324.50 0.00 1,025,861,488.94 10,835,430.44 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 Class Amount Balance Distribution Distribution Accretion ----- ------ ------- ------------ ------------ --------- 1A 822,375,000.00 809,317,930.57 0.00 7,253,358.34 0.00 2A-1 190,000,000.00 186,967,720.87 0.00 805,966.16 0.00 2A-2 3,500,000.00 3,500,000.00 0.00 0.00 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 12,600,000.00 0.00 0.00 0.00 B-2 8,400,000.00 8,400,000.00 0.00 0.00 0.00 B-3 4,725,000.00 4,725,000.00 0.00 0.00 0.00 B-4 2,625,000.00 2,625,000.00 0.00 0.00 0.00 B-5 2,100,000.00 2,100,000.00 0.00 0.00 0.00 B-6 3,685,162.00 3,685,162.00 0.00 0.00 0.00 Totals 1,050,010,262.00 1,033,920,813.44 0.00 8,059,324.50 0.00
Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution ----- -------- ---------- ------- ----------- ------------ 1A 0.00 7,253,358.34 802,064,572.23 0.97530272 7,253,358.34 2A-1 0.00 805,966.16 186,161,754.71 0.97979871 805,966.16 2A-2 0.00 0.00 3,500,000.00 1.00000000 0.00 X-1A 0.00 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 12,600,000.00 1.00000000 0.00 B-2 0.00 0.00 8,400,000.00 1.00000000 0.00 B-3 0.00 0.00 4,725,000.00 1.00000000 0.00 B-4 0.00 0.00 2,625,000.00 1.00000000 0.00 B-5 0.00 0.00 2,100,000.00 1.00000000 0.00 B-6 0.00 0.00 3,685,162.00 1.00000000 0.00 Totals 0.00 8,059,324.50 1,025,861,488.94 0.97700139 8,059,324.50
(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 Class Amount Balance Distribution Distribution Accretion ----- ------ ------- ------------ ------------ --------- 1A 822,375,000.00 984.12273059 0.00000000 8.82001318 0.00000000 2A-1 190,000,000.00 984.04063616 0.00000000 4.24192716 0.00000000 2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000
Ending Ending Realized Total Principal Certificate Certificate Total Principal Class Loss (3) Reduction Percentage Balance Distribution ----- -------- --------- ---------- ------- ------------ 1A 0.00000000 8.82001318 975.30271741 0.97530272 8.82001318 2A-1 0.00000000 4.24192716 979.79870900 0.97979871 4.24192716 2A-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 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 Payment of Current Beginning Current Unpaid Current Original Face Certificate Certificate/ Accrued Interest Interest Class Amount Rate Notional Balance Interest Shortfall Shortfall - --------- ------ ---- ---------------- -------- --------- --------- 1A 822,375,000.00 1.76125% 809,317,930.57 1,187,842.67 0.00 0.00 2A-1 190,000,000.00 1.74125% 186,967,720.87 271,297.95 0.00 0.00 2A-2 3,500,000.00 2.04125% 3,500,000.00 5,953.65 0.00 0.00 X-1A 0.00 1.13045% 387,747,033.87 365,272.38 0.00 0.00 X-1B 0.00 1.66936% 421,570,896.70 586,460.51 0.00 0.00 X-2 0.00 1.68611% 190,467,720.87 267,624.91 0.00 0.00 X-B 0.00 0.95058% 25,725,000.00 20,378.06 0.00 0.00 A-R 100.00 3.39488% 0.00 0.00 0.00 0.00 B-1 12,600,000.00 2.16125% 12,600,000.00 22,693.12 0.00 0.00 B-2 8,400,000.00 2.16125% 8,400,000.00 15,128.75 0.00 0.00 B-3 4,725,000.00 2.76125% 4,725,000.00 10,872.42 0.00 0.00 B-4 2,625,000.00 3.22203% 2,625,000.00 7,048.20 0.00 0.00 B-5 2,100,000.00 3.22203% 2,100,000.00 5,638.56 0.00 0.00 B-6 3,685,162.00 3.22203% 3,685,162.00 9,894.76 0.00 0.00 Totals 1,050,010,262.00 2,776,105.94 0.00 0.00
Remaining Non-Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class Shortfall Loss (4) Distribution Shortfall Notational Balance - --------- --------- -------- ------------ --------- ------------------ 1A 0.00 0.00 1,187,842.67 0.00 802,064,572.23 2A-1 0.00 0.00 271,297.95 0.00 186,161,754.71 2A-2 0.00 0.00 5,953.65 0.00 3,500,000.00 X-1A 0.00 0.00 365,272.38 0.00 383,638,252.79 X-1B 0.00 0.00 586,460.51 0.00 418,426,319.44 X-2 0.00 0.00 267,624.91 0.00 189,661,754.71 X-B 0.00 0.00 20,378.06 0.00 25,725,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 22,693.12 0.00 12,600,000.00 B-2 0.00 0.00 15,128.75 0.00 8,400,000.00 B-3 0.00 0.00 10,872.42 0.00 4,725,000.00 B-4 0.00 0.00 7,048.20 0.00 2,625,000.00 B-5 0.00 0.00 5,638.56 0.00 2,100,000.00 B-6 0.00 0.00 9,894.76 0.00 3,685,162.00 Totals 1 0.00 0.00 2,776,105.94 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 Current Unpaid Current Original Face Certificate Certificate/ Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------- ------ ---- ---------------- -------- --------- --------- 1A 822,375,000.00 1.76125% 984.12273059 1.44440513 0.00000000 0.00000000 2A-1 190,000,000.00 1.74125% 984.04063616 1.42788395 0.00000000 0.00000000 2A-2 3,500,000.00 2.04125% 1000.00000000 1.70104286 0.00000000 0.00000000 X-1A 0.00 1.13045% 986.73460713 0.92954134 0.00000000 0.00000000 X-1B 0.00 1.66936% 981.73259051 1.36571903 0.00000000 0.00000000 X-2 0.00 1.68611% 984.32930682 1.38307447 0.00000000 0.00000000 X-B 0.00 0.95058% 1000.00000000 0.79215005 0.00000000 0.00000000 A-R 100.00 3.39488% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 2.16125% 1000.00000000 1.80104127 0.00000000 0.00000000 B-2 8,400,000.00 2.16125% 1000.00000000 1.80104167 0.00000000 0.00000000 B-3 4,725,000.00 2.76125% 1000.00000000 2.30104127 0.00000000 0.00000000 B-4 2,625,000.00 3.22203% 1000.00000000 2.68502857 0.00000000 0.00000000 B-5 2,100,000.00 3.22203% 1000.00000000 2.68502857 0.00000000 0.00000000 B-6 3,685,162.00 3.22203% 1000.00000000 2.68502714 0.00000000 0.00000000
Remaining Non-Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- --------- -------- ------------ --------- ------------------ 1A 0.00000000 0.00000000 1.44440513 0.00000000 975.30271741 2A-1 0.00000000 0.00000000 1.42788395 0.00000000 979.79870900 2A-2 0.00000000 0.00000000 1.70104286 0.00000000 1000.00000000 X-1A 0.00000000 0.00000000 0.92954134 0.00000000 976.27862389 X-1B 0.00000000 0.00000000 1.36571903 0.00000000 974.40966095 X-2 0.00000000 0.00000000 1.38307447 0.00000000 980.16410703 X-B 0.00000000 0.00000000 0.79215005 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.80104127 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 1.80104167 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.30104127 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.68502857 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.68502857 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.68502714 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 11,037,311.48 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 13,519.13 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 11,050,830.61 ============= Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 215,400.17 Payment of Interest and Principal 10,835,430.44 ------------- Total Withdrawals (Pool Distribution Amount) 11,050,830.61 ============= 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 215,400.17 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 215,400.17 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ ------- ----------- -------- ------- Class X-A Basis Risk Reserve Fund 8,000.00 0.00 0.00 8,000.00 Class X-B Basis Risk Reserve Fund 2,000.00 0.00 0.00 2,000.00
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 14 3,870,226.43 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 825,000.00 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 15 4,695,226.43 0 0.00 0 0.00
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 14 3,870,226.43 60 Days 0 0.00 60 Days 1 825,000.00 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 15 4,695,226.43 - ------------
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 0.514139% 0.377266% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.036724% 0.080420% 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% 0.550863% 0.457686% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.514139% 0.377266% 60 Days 0.000000% 0.000000% 60 Days 0.036724% 0.080420% 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% 0.550863% 0.457686%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties
Current Period Class A Insufficient Funds: 0.00 Periodic Advance 13,519.13
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage - --------------------------------------------------------------------------------
Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 1,050,010,162.00 99.99999048% 1,025,861,488.94 100.000000000% 96.672537% 0.000000% Class 1A 227,635,162.00 21.67932736% 223,796,916.71 21.81551010% 78.184490% 2,349.672670% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 3.66863971% 18.146870% 545.366548% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.32746305% 0.341177% 10.253357% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.32746305% 0.000000% 0.000000% Class B-1 24,535,162.00 2.05094776% 21,535,162.00 2.09922706% 1.228236% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.28040307% 0.818824% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.81981457% 0.460588% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.56393208% 0.255882% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.35922608% 0.204706% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.359226% 10.795795%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % ---------- ---------- --------- --------- Bankruptcy 163,046.00 0.01552804% 163,046.00 0.01589357% Fraud 31,500,308.00 3.00000001% 31,500,308.00 3.07061999% Special Hazard 11,240,000.00 1.07046573% 11,240,000.00 1.09566449%
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 14 3,870,226.43 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 825,000.00 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 15 4,695,226.43 0 0.00 0 0.00
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 14 3,870,226.43 60 Days 0 0.00 60 Days 1 825,000.00 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 15 4,695,226.43
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- 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 0.649954% 0.466463% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.046425% 0.099434% 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% 0.696379% 0.565897% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL --- ----- 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 0.649954% 0.466463% 60 Days 0.000000% 0.000000% 60 Days 0.046425% 0.099434% 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% 0.696379% 0.565897%
GROUP2 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
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
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- 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 0.000000% 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 3.472033% Weighted Average Net Coupon 3.222033% Weighted Average Pass-Through Rate 3.222033% Weighted Average Maturity (Stepdown Calculation) 294 Beginning Scheduled Collateral Loan Count 2,738 Number of Loans Paid in Full 15 Ending Scheduled Collateral Loan Count 2,723 Beginning Scheduled Collateral Balance 1,033,920,813.39 Ending Scheduled Collateral Balance 1,025,861,488.94 Ending Actual Collateral Balance at 31-Jan-2003 1,025,861,489.07 Monthly P&I Constant 2,991,506.11 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,743,776.56 Ending Scheduled Balance for Premium Loans 1,025,861,488.94 Scheduled Principal 0.00 Unscheduled Principal 8,059,324.50
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.422413 3.682875 3.472033 Weighted Average Net Rate 3.172413 3.432875 3.222033 Pass-Through Rate 3.172413 3.432875 3.222033 Weighted Average Maturity 294 294 294 Record Date 01/31/2003 01/31/2003 01/31/2003 Principal and Interest Constant 2,386,990.21 604,515.90 2,991,506.11 Beginning Loan Count 2,166 572 2,738 Loans Paid in Full 12 3 15 Ending Loan Count 2,154 569 2,723 Beginning Scheduled Balance 836,949,927.52 196,970,885.87 1,033,920,813.39 Ending Scheduled Balance 829,696,569.23 196,164,919.71 1,025,861,488.94 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 7,253,358.34 805,966.16 8,059,324.50 Scheduled Interest 2,386,990.21 604,515.90 2,991,506.11 Servicing Fee 174,364.57 41,035.60 215,400.17 Master Servicing Fee 0.00 0.00 0.00 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 2,212,625.64 563,480.30 2,776,105.94 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 396,855,007.92 Six Month LIBOR Loans 432,841,561.31 Pro Rata Senior Percentage 96.698489% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group 2 Pro Rata Senior Percentage 96.698413% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%