Wells Fargo Bank Minnesota, N.A. SMT Series 2002-10 Certificateholder Distribution Statement (January 2004)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2002-10 trust. It summarizes the interest and principal payments made to certificateholders as of January 30, 2004, with distributions occurring on February 20, 2004. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses were reported for this period.

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EX-10.1 3 f97116jexv10w1.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 30, 2004 DISTRIBUTION DATE: FEBRUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Current Ending Certificate Class CUSIP Description Rate Certificate Balance Distribution Distribution Realized Loss Balance - ---------------------------------------------------------------------------------------------------------------------------------- 1A 81743VAA1 SEN 1.50000% 712,200,967.98 890,251.21 6,633,281.75 0.00 705,567,686.23 2A-1 81743VAB9 SEN 1.48000% 164,820,517.16 203,278.64 3,238,401.64 0.00 161,582,115.52 2A-2 81743VAN3 SEN 1.78000% 3,500,000.00 5,191.67 0.00 0.00 3,500,000.00 X-1A 81743VAC7 IO 1.13469% 0.00 316,614.64 0.00 0.00 0.00 X-1B 81743VAD5 IO 1.21425% 0.00 381,843.72 0.00 0.00 0.00 X-2 81743VAP8 IO 1.22941% 0.00 172,445.50 0.00 0.00 0.00 X-B 81743VAE3 IO 0.67403% 0.00 14,449.58 0.00 0.00 0.00 A-R 81743VAF0 SEN 3.37723% 0.00 0.00 0.00 0.00 0.00 B-1 81743VAG8 SUB 1.90000% 12,600,000.00 19,950.00 0.00 0.00 12,600,000.00 B-2 81743VAH6 SUB 1.90000% 8,400,000.00 13,300.00 0.00 0.00 8,400,000.00 B-3 81743VAJ2 SUB 2.50000% 4,725,000.00 9,843.75 0.00 0.00 4,725,000.00 B-4 SMT0210B4 SUB 2.68424% 2,625,000.00 5,871.77 0.00 0.00 2,625,000.00 B-5 SMT0210B5 SUB 2.68424% 2,100,000.00 4,697.41 0.00 0.00 2,100,000.00 B-6 SMT0210B6 SUB 2.68424% 3,685,162.00 8,243.21 0.00 0.00 3,685,162.00 - ------------------------------------------------------------------------------------------------------------------------------- Totals 914,656,647.14 2,045,981.10 9,871,683.39 0.00 904,784,963.75 - ------------------------------------------------------------------------------------------------------------------------------- Total Cumulative Class CUSIP Distribution Realized Loss - ----------------------------------------------- 1A 81743VAA1 7,523,532.96 0.00 2A-1 81743VAB9 3,441,680.28 0.00 2A-2 81743VAN3 5,191.67 0.00 X-1A 81743VAC7 316,614.64 0.00 X-1B 81743VAD5 381,843.72 0.00 X-2 81743VAP8 172,445.50 0.00 X-B 81743VAE3 14,449.58 0.00 A-R 81743VAF0 0.00 0.00 B-1 81743VAG8 19,950.00 0.00 B-2 81743VAH6 13,300.00 0.00 B-3 81743VAJ2 9,843.75 0.00 B-4 SMT0210B4 5,871.77 0.00 B-5 SMT0210B5 4,697.41 0.00 B-6 SMT0210B6 8,243.21 0.00 - ------------------------------------------- Totals 11,917,664.49 0.00 - -------------------------------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ------------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 712,200,967.98 0.00 6,633,281.75 0.00 0.00 6,633,281.75 705,567,686.23 2A-1 190,000,000.00 164,820,517.16 0.00 3,238,401.64 0.00 0.00 3,238,401.64 161,582,115.52 2A-2 3,500,000.00 3,500,000.00 0.00 0.00 0.00 0.00 0.00 3,500,000.00 X-1A 0.00 0.00 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 0.00 0.00 X-2 0.00 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 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 12,600,000.00 0.00 0.00 0.00 0.00 0.00 12,600,000.00 B-2 8,400,000.00 8,400,000.00 0.00 0.00 0.00 0.00 0.00 8,400,000.00 B-3 4,725,000.00 4,725,000.00 0.00 0.00 0.00 0.00 0.00 4,725,000.00 B-4 2,625,000.00 2,625,000.00 0.00 0.00 0.00 0.00 0.00 2,625,000.00 B-5 2,100,000.00 2,100,000.00 0.00 0.00 0.00 0.00 0.00 2,100,000.00 B-6 3,685,162.00 3,685,162.00 0.00 0.00 0.00 0.00 0.00 3,685,162.00 --------------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 914,656,647.14 0.00 9,871,683.39 0.00 0.00 9,871,683.39 904,784,963.75 - ----------------------------------------------------------------------------------------------------------------------------- Ending Certificate Total Principal Class Percentage Distribution - ------------------------------------------------ 1A 0.85796344 6,633,281.75 2A-1 0.85043219 3,238,401.64 2A-2 1.00000000 0.00 X-1A 0.00000000 0.00 X-1B 0.00000000 0.00 X-2 0.00000000 0.00 X-B 0.00000000 0.00 A-R 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 -------------------------------------- Totals 0.86169154 9,871,683.39 - ----------------------------------------------
(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
Scheduled Unscheduled Ending Original Face Beginning Principal Principal Realized Total Principal Certificate Class Amount Certificate Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ------------------------------------------------------------------------------------------------------------------------------ 1A 822,375,000.00 866.02944883 0.00000000 8.06600608 0.00000000 0.00000000 8.06600608 857.96344275 2A-1 190,000,000.00 867.47640611 0.00000000 17.04421916 0.00000000 0.00000000 17.04421916 850.43218695 2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 - ------------------------------------------------------------------------------------------------------------------------------ Ending Certificate Total Principal Class Percentage Distribution - ------------------------------------------ 1A 0.85796344 8.06600608 2A-1 0.85043219 17.04421916 2A-2 1.00000000 0.00000000 X-1A 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 X-2 0.00000000 0.00000000 X-B 0.00000000 0.00000000 A-R 0.00000000 0.00000000 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 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 Total Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ------------------------------------------------------------------------------------------------------------------------------------ 1A 822,375,000.00 1.50000% 712,200,967.98 890,251.21 0.00 0.00 0.00 0.00 890,251.21 2A-1 190,000,000.00 1.48000% 164,820,517.16 203,278.64 0.00 0.00 0.00 0.00 203,278.64 2A-2 3,500,000.00 1.78000% 3,500,000.00 5,191.67 0.00 0.00 0.00 0.00 5,191.67 X-1A 0.00 1.13469% 334,839,424.70 316,614.64 0.00 0.00 0.00 0.00 316,614.64 X-1B 0.00 1.21425% 377,361,543.28 381,843.72 0.00 0.00 0.00 0.00 381,843.72 X-2 0.00 1.22941% 168,320,517.16 172,445.50 0.00 0.00 0.00 0.00 172,445.50 X-B 0.00 0.67403% 25,725,000.00 14,449.58 0.00 0.00 0.00 0.00 14,449.58 A-R 100.00 3.37723% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 1.90000% 12,600,000.00 19,950.00 0.00 0.00 0.00 0.00 19,950.00 B-2 8,400,000.00 1.90000% 8,400,000.00 13,300.00 0.00 0.00 0.00 0.00 13,300.00 B-3 4,725,000.00 2.50000% 4,725,000.00 9,843.75 0.00 0.00 0.00 0.00 9,843.75 B-4 2,625,000.00 2.68424% 2,625,000.00 5,871.77 0.00 0.00 0.00 0.00 5,871.77 B-5 2,100,000.00 2.68424% 2,100,000.00 4,697.41 0.00 0.00 0.00 0.00 4,697.41 B-6 3,685,162.00 2.68424% 3,685,162.00 8,243.21 0.00 0.00 0.00 0.00 8,243.21 - ----------------------------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 2,045,981.10 0.00 0.00 0.00 0.00 2,045,981.10 - ----------------------------------------------------------------------------------------------------------------------------------- Remaining Unpaid Interest Ending Certificate/ Class Shortfall Notational Balance - --------------------------------------- 1A 0.00 705,567,686.23 2A-1 0.00 161,582,115.52 2A-2 0.00 3,500,000.00 X-1A 0.00 331,640,667.97 X-1B 0.00 373,927,018.26 X-2 0.00 165,082,115.52 X-B 0.00 25,725,000.00 A-R 0.00 0.00 B-1 0.00 12,600,000.00 B-2 0.00 8,400,000.00 B-3 0.00 4,725,000.00 B-4 0.00 2,625,000.00 B-5 0.00 2,100,000.00 B-6 0.00 3,685,162.00 - ------------------------------------- Totals 0.00 - -------------------------------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Beginning Payment of Non- Current Certificate/ Current Unpaid Current Supported Class Original Face Certificate Notional Accrued Interest Interest Interest Realized Total Interest (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) Distribution - ----------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.50000% 866.02944883 1.08253681 0.00000000 0.00000000 0.00000000 0.00000000 1.08253681 2A-1 190,000,000.00 1.48000% 867.47640611 1.06988758 0.00000000 0.00000000 0.00000000 0.00000000 1.06988758 2A-2 3,500,000.00 1.78000% 1000.00000000 1.48333429 0.00000000 0.00000000 0.00000000 0.00000000 1.48333429 X-1A 0.00 1.13469% 852.09587520 0.80571763 0.00000000 0.00000000 0.00000000 0.00000000 0.80571763 X-1B 0.00 1.21425% 878.78012534 0.88921799 0.00000000 0.00000000 0.00000000 0.00000000 0.88921799 X-2 0.00 1.22941% 869.87347370 0.89119121 0.00000000 0.00000000 0.00000000 0.00000000 0.89119121 X-B 0.00 0.67403% 1000.00000000 0.56169407 0.00000000 0.00000000 0.00000000 0.00000000 0.56169407 A-R 100.00 3.37723% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 1.90000% 1000.00000000 1.58333333 0.00000000 0.00000000 0.00000000 0.00000000 1.58333333 B-2 8,400,000.00 1.90000% 1000.00000000 1.58333333 0.00000000 0.00000000 0.00000000 0.00000000 1.58333333 B-3 4,725,000.00 2.50000% 1000.00000000 2.08333333 0.00000000 0.00000000 0.00000000 0.00000000 2.08333333 B-4 2,625,000.00 2.68424% 1000.00000000 2.23686476 0.00000000 0.00000000 0.00000000 0.00000000 2.23686476 B-5 2,100,000.00 2.68424% 1000.00000000 2.23686190 0.00000000 0.00000000 0.00000000 0.00000000 2.23686190 B-6 3,685,162.00 2.68424% 1000.00000000 2.23686503 0.00000000 0.00000000 0.00000000 0.00000000 2.23686503 - ----------------------------------------------------------------------------------------------------------------------------- Remaining Unpaid Class Interest Ending Certificate/ (5) Shortfall Notational Balance - ------------------------------------------ 1A 0.00000000 857.96344275 2A-1 0.00000000 850.43218695 2A-2 0.00000000 1000.00000000 X-1A 0.00000000 843.95571244 X-1B 0.00000000 870.78198038 X-2 0.00000000 853.13754791 X-B 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 B-2 0.00000000 1000.00000000 B-3 0.00000000 1000.00000000 B-4 0.00000000 1000.00000000 B-5 0.00000000 1000.00000000 B-6 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 12,108,217.95 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,022.65 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 12,109,240.60 Withdrawals Reimbursement for Servicer Advances 1,022.65 Payment of Service Fee 190,553.46 Payment of Interest and Principal 11,917,664.49 ------------- Total Withdrawals (Pool Distribution Amount) 12,109,240.60 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 190,553.46 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 190,553.46 ==========
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 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 2 490,871.08 120 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 2 490,871.08 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 0.082372% 0.054253% 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% 0.082372% 0.054253% - ---------------------------------------------------------------------------------------------------------------------------------- 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 2 490,871.08 120 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 2 490,871.08 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 0.082372% 0.054253% 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% 0.082372% 0.054253% - ---------------------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,022.65
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% 904,784,963.75 100.00000000% 96.227262% 0.000000% Class 1A 227,635,162.00 21.67932736% 199,217,277.52 22.01819056% 77.981809% 2,066.982094% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 4.15956979% 17.858621% 473.359744% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.77273754% 0.386832% 10.253357% Class X-1-A 34,135,162.00 3.25093604% 34,135,162.00 3.77273754% 0.000000% 0.000000% Class X-1-B 34,135,162.00 3.25093604% 34,135,162.00 3.77273754% 0.000000% 0.000000% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.77273754% 0.000000% 0.000000% Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.38014145% 1.392596% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.45174406% 0.928397% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.92952053% 0.522224% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.63939635% 0.290124% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.40729700% 0.232099% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.407297% 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 0.01802041% Fraud 31,500,308.00 3.00000001% 18,795,490.62 2.07734339% Special Hazard 11,240,000.00 1.07046573% 10,576,039.24 1.16890086%
Limit of subordinate's exposure to certain types of losses DELINQUENCY STATUS BY GROUP GROUP 1
DELINQUENT BANKRUPTCY - ----------------------------------------------------- ------------------------------------- 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% FORECLOSURE REO TOTAL - ----------------------------------------- ----------------------------------------------- ---------------------------------------- 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 1 202,471.80 90 Days 0 0.00 90 Days 1 202,471.80 120 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 ---------------------- ------------------------------- ------------------------ 1 202,471.80 0 0.00 1 202,471.80 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 0.052083% 0.027615% 90 Days 0.000000% 0.000000% 90 Days 0.052083% 0.027615% 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% -------------------- ------------------------------- ----------------------- 0.052083% 0.027615% 0.000000% 0.000000% 0.052083% 0.027615%
GROUP 2
DELINQUENT BANKRUPTCY - ----------------------------------------------------- ------------------------------------- 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% FORECLOSURE REO TOTAL - ------------------------------------------ -------------------------------------------- ------------------------------------- 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 1 288,399.28 90 Days 0 0.00 90 Days 1 288,399.28 120 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 ------------------------ ---------------------------- ------------------------ 1 288,399.28 0 0.00 1 288,399.28 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 0.196850% 0.168079% 90 Days 0.000000% 0.000000% 90 Days 0.196850% 0.168079% 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% ----------------------- --------------------------- ---------------------- 0.196850% 0.168079% 0.000000% 0.000000% 0.196850% 0.168079%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 2.934261% Weighted Average Net Coupon 2.684261% Weighted Average Pass-Through Rate 2.684261% Weighted Average Maturity (Stepdown Calculation) 282 Beginning Scheduled Collateral Loan Count 2,445 Number of Loans Paid in Full 17 Ending Scheduled Collateral Loan Count 2,428 Beginning Scheduled Collateral Balance 914,656,647.14 Ending Scheduled Collateral Balance 904,784,963.75 Ending Actual Collateral Balance at 30-Jan-2004 904,784,965.78 Monthly P&I Constant 2,236,534.56 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,841,308.76 Ending Scheduled Balance for Premium Loans 904,784,963.75 Scheduled Principal 0.00 Unscheduled Principal 9,871,683.39
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 2.926845 2.965646 2.934261 Weighted Average Net Rate 2.676845 2.715646 2.684261 Pass-Through Rate 2.676845 2.715646 2.684261 Weighted Average Maturity 282 282 282 Record Date 01/30/2004 01/30/2004 01/30/2004 Principal and Interest Constant 1,804,480.24 432,054.32 2,236,534.56 Beginning Loan Count 1,933 512 2,445 Loans Paid in Full 13 4 17 Ending Loan Count 1,920 508 2,428 Beginning Scheduled Balance 739,832,964.98 174,823,682.16 914,656,647.14 Ending Scheduled Balance 733,199,683.23 171,585,280.52 904,784,963.75 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 6,633,281.75 3,238,401.64 9,871,683.39 Scheduled Interest 1,804,480.24 432,054.32 2,236,534.56 Servicing Fee 154,131.86 36,421.60 190,553.46 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 1,650,348.38 395,632.72 2,045,981.10 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 344,628,640.81 Six Month LIBOR Loans 388,571,042.42 Pro Rata Senior Percentage 96.265103% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group 2 Pro Rata Senior Percentage 96.280158% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%