Certificateholder Distribution Summary for SMT Series 2002-9 (Wells Fargo Bank Minnesota, N.A.)

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2002-9, administered by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of January 30, 2004, with distributions occurring on February 20, 2004. The summary includes beginning and ending balances, distribution amounts, and rates for each class, as well as confirmation that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 3 f97116kexv10w1.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 30, 2004 DISTRIBUTION DATE: FEBRUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Class Certificate Pass- Beginning Certificate Class CUSIP Description Through Rate Balance - ------- --------- ----------------- ----------------- --------------------- 1A 81743SAA8 SEN 1.45000% 329,882,926.34 2A 81743SAB6 SEN 2.74064% 118,890,387.75 X-1A 81743SAC4 IO 0.98901% 0.00 X-1B 81743SAD2 IO 1.05654% 0.00 X-B 81743SAE0 IO 0.70342% 0.00 A-R 81743SAF7 SEN 3.15856% 0.00 B-1 81743SAG5 SUB 1.85000% 7,702,000.00 B-2 81743SAH3 SUB 2.55342% 4,564,000.00 B-3 81743SAJ9 SUB 2.55342% 3,424,000.00 B-4 SMT0209B4 SUB 2.55342% 1,426,000.00 B-5 SMR0209B5 SUB 2.55342% 856,000.00 B-6 SMT0209B6 SUB 2.55342% 1,997,086.78 -------------- Totals 468,742,400.87 Interest Principal Current Ending Certificate Total Cumulative Class Distribution Distribution Realized Loss Balance Distribution Realized Loss - ------- ------------ ------------- ------------- ------------------ ------------ ------------- 1A 398,608.54 976,928.45 0.00 328,905,997.89 1,375,536.99 0.00 2A 271,529.96 117,825.97 0.00 118,772,561.78 389,355.93 0.00 X-1A 144,726.25 0.00 0.00 0.00 144,726.25 0.00 X-1B 135,837.06 0.00 0.00 0.00 135,837.06 0.00 X-B 4,514.80 0.00 0.00 0.00 4,514.80 0.00 A-R 0.00 0.00 0.00 0.00 0.00 0.00 B-1 11,873.92 0.00 0.00 7,702,000.00 11,873.92 0.00 B-2 9,711.52 0.00 0.00 4,564,000.00 9,711.52 0.00 B-3 7,285.77 0.00 0.00 3,424,000.00 7,285.77 0.00 B-4 3,034.32 0.00 0.00 1,426,000.00 3,034.32 0.00 B-5 1,821.44 0.00 0.00 856,000.00 1,821.44 0.00 B-6 4,249.51 0.00 0.00 1,997,086.78 4,249.51 0.00 ---------- ------------ ---- -------------- ------------ ---- Totals 993,193.09 1,094,754.42 0.00 467,647,646.45 2,087,947.51 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 Principal Unscheduled Principal Realized Class Original Face Amount Certificate Balance Distribution Distribution Accretion Loss (1) - ------ -------------------- ------------------- ------------------- --------------------- --------- -------- 1A 381,698,000.00 329,882,926.34 0.00 976,928.45 0.00 0.00 2A 168,875,000.00 118,890,387.75 0.00 117,825.97 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 570,533,186.78 468,742,400.87 0.00 1,094,754.42 0.00 0.00 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- ------------------ ------------------ --------------- 1A 976,928.45 328,905,997.89 0.86171202 976,928.45 2A 117,825.97 118,772,561.78 0.70331643 117,825.97 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 1,094,754.42 467,647,646.45 0.81966774 1,094,754.42
(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 Principal Unscheduled Principal Realized Class Original Face Amount Certificate Balance Distribution Distribution Accretion Loss (3) - ----- -------------------- ------------------- ------------------- --------------------- --------- -------- 1A 381,698,000.00 864.27150465 0.00000000 2.55948809 0.00000000 0.00000000 2A 168,875,000.00 704.01413916 0.00000000 0.69771115 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 Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution 1A 2.55948809 861.71201656 0.86171202 2.55948809 2A 0.69771115 703.31642801 0.70331643 0.69771115 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
Payment of Original Face Current Beginning Certificate/ Current Accrued Unpaid Interest Current Interest Class Amount Certificate Rate Notional Balance Interest Shortfall Shortfall - ------ -------------- ---------------- --------------------- --------------- --------------- --------------- 1A 381,698,000.00 1.45000% 329,882,926.34 398,608.54 0.00 0.00 2A 168,875,000.00 2.74064% 118,890,387.75 271,529.95 0.00 0.00 X-1A 0.00 0.98901% 175,600,751.69 144,726.25 0.00 0.00 X-1B 0.00 1.05654% 154,282,174.65 135,837.06 0.00 0.00 X-B 0.00 0.70342% 7,702,000.00 4,514.80 0.00 0.00 A-R 100.00 3.15856% 0.00 0.00 0.00 0.00 B-1 7,702,000.00 1.85000% 7,702,000.00 11,873.92 0.00 0.00 B-2 4,564,000.00 2.55342% 4,564,000.00 9,711.52 0.00 0.00 B-3 3,424,000.00 2.55342% 3,424,000.00 7,285.77 0.00 0.00 B-4 1,426,000.00 2.55342% 1,426,000.00 3,034.32 0.00 0.00 B-5 856,000.00 2.55342% 856,000.00 1,821.44 0.00 0.00 B-6 1,997,086.78 2.55342% 1,997,086.78 4,249.51 0.00 0.00 - ------ -------------- -------- --------------- ---------- ---- ---- Totals 570,533,186.78 993,193.08 0.00 0.00 Non-Supported Interest Realized Total Interest Remaining Unpaid Ending Certificate/ Class Shortfall Loss (4) Distribution Interest Shortfall Notational Balance - ------ -------------- -------- -------------- ------------------ -------------------- 1A 0.00 0.00 398,608.54 0.00 328,905,997.89 2A 0.00 0.00 271,529.96 0.00 118,772,561.78 X-1A 0.00 0.00 144,726.25 0.00 174,906,169.20 X-1B 0.00 0.00 135,837.06 0.00 153,999,828.69 X-B 0.00 0.00 4,514.80 0.00 7,702,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 11,873.92 0.00 7,702,000.00 B-2 0.00 0.00 9,711.52 0.00 4,564,000.00 B-3 0.00 0.00 7,285.77 0.00 3,424,000.00 B-4 0.00 0.00 3,034.32 0.00 1,426,000.00 B-5 0.00 0.00 1,821.44 0.00 856,000.00 B-6 0.00 0.00 4,249.51 0.00 1,997,086.78 - ------ ---- ---- ---------- ---- ------------- Totals 0.00 0.00 993,193.09 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 Class Original Face Certificate Certificate/ Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------- ------------- ----------- ---------------- ---------- ---------- ---------- 1A 381,698,000.00 1.45000% 864.27150465 1.04432808 0.00000000 0.00000000 2A 168,875,000.00 2.74064% 704.01413916 1.60787535 0.00000000 0.00000000 X-1A 0.00 0.98901% 861.77460172 0.71025554 0.00000000 0.00000000 X-1B 0.00 1.05654% 867.13109186 0.76346174 0.00000000 0.00000000 X-B 0.00 0.70342% 1000.00000000 0.58618541 0.00000000 0.00000000 A-R 100.00 3.15856% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1.85000% 1000.00000000 1.54166710 0.00000000 0.00000000 B-2 4,564,000.00 2.55342% 1000.00000000 2.12785276 0.00000000 0.00000000 B-3 3,424,000.00 2.55342% 1000.00000000 2.12785339 0.00000000 0.00000000 B-4 1,426,000.00 2.55342% 1000.00000000 2.12785414 0.00000000 0.00000000 B-5 856,000.00 2.55342% 1000.00000000 2.12785047 0.00000000 0.00000000 B-6 1,997,086.78 2.55342% 1000.00000000 2.12785445 0.00000000 0.00000000 Non-Supported Interest Realized Total Interest Remaining Unpaid Ending Certificate/ Class(5) Shortfall Loss (6) Distribution Interest Shortfall Notational Balance - ------ -------------- -------- -------------- ------------------ -------------------- 1A 0.00000000 0.00000000 1.04432808 0.00000000 861.71201656 2A 0.00000000 0.00000000 1.60787541 0.00000000 703.31642801 X-1A 0.00000000 0.00000000 0.71025554 0.00000000 858.36588312 X-1B 0.00000000 0.00000000 0.76346174 0.00000000 865.54418812 X-B 0.00000000 0.00000000 0.58618541 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.54166710 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.12785276 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.12785339 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.12785414 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.12785047 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.12785445 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 2,238,163.81 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 2,238,163.81 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 150,216.31 Payment of Interest and Principal 2,087,947.50 ------------ Total Withdrawals (Pool Distribution Amount) 2,238,163.81 ============ 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 146,700.73 Master Servicing Fee 3,515.58 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 150,216.31 ==========
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 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%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 570,533,086.78 99.99998247% 467,647,646.45 100.00000000% 95.729886% 0.000000% Class 1A 188,844,086.78 33.09957968% 138,741,648.56 29.66798820% 70.332012% 1,647.075810% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 4.27011382% 25.397874% 594.782140% Class X-1-A 19,969,086.78 3.50007453% 19,969,086.78 4.27011382% 0.000000% 0.000000% Class X-1-B 19,969,086.78 3.50007453% 19,969,086.78 4.27011382% 0.000000% 0.000000% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.62314734% 1.646966% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.64719888% 0.975948% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.91502370% 0.732175% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.61009326% 0.304930% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.42704947% 0.183044% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.427049% 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 0.02138362% Fraud 17,115,996.00 3.00000007% 9,879,946.13 2.11269023% Special Hazard 6,000,000.00 1.05164785% 5,997,358.90 1.28245249%
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 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%
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 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 2.927175% Weighted Average Net Coupon 2.551616% Weighted Average Pass-Through Rate 2.542615% Weighted Average Maturity (Stepdown Calculation) 315 Beginning Scheduled Collateral Loan Count 1,291 Number of Loans Paid in Full 3 Ending Scheduled Collateral Loan Count 1,288 Beginning Scheduled Collateral Balance 468,742,400.88 Ending Scheduled Collateral Balance 467,647,646.46 Ending Actual Collateral Balance at 30-Jan-2004 467,646,889.78 Monthly P&I Constant 1,143,409.39 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2,045,456.22 Ending Scheduled Balance for Premium Loans 467,647,646.46 Scheduled Principal 0.00 Unscheduled Principal 1,094,754.42
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.739859% 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 2.855356 3,124642 2.927175 Weighted Average Net Rate 2.479592 2.749642 2.551616 Pass-Through Rate 2.470592 2.740642 2.542615 Weighted Average Maturity 299 341 315 Record Date 01/30/2004 01/30/2004 01/30/2004 Principal and Interest Constant 817,885.82 325,523.57 1,143,409.39 Beginning Loan Count 913 378 1,291 Loans Paid in Full 2 1 3 Ending Loan Count 911 377 1,288 Beginning Scheduled Balance 343,727,013.13 125,015,387.75 468,742,400.88 Ending Scheduled Balance 342,750,084.68 124,897,561.78 467,647,646.46 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 976,928.45 117,825.97 1,094,754.42 Scheduled Interest 817,885.82 325,523.57 1,143,409.39 Servicing Fee 107,633.43 39,067.30 146,700.73 Master Servicing Fee 2,577.96 937.62 3,515.58 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 707,674.43 285,518.65 993,193.08 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 182,268,200.30 Six Month LIBOR Loans 160,481,884.38