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EX-10.1 3 f96263dexv10w1.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: DECEMBER 31, 2003 DISTRIBUTION DATE: JANUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Class CUSIP Description Rate Certificate Balance Distribution Distribution - ------------------------------------------------------------------------------------------------------------ 1A 81743VAA1 SEN 1.54875% 721,508,154.86 931,196.46 9,307,186.88 2A-1 81743VAB9 SEN 1.52875% 166,991,223.93 212,739.86 2,170,706.77 2A-2 81743VAN3 SEN 1.82875% 3,500,000.00 5,333.85 0.00 X-1A 81743VAC7 IO 1.08544% 0.00 307,582.89 0.00 X-1B 81743VAD5 IO 1.16581% 0.00 370,613.61 0.00 X-2 81743VAP8 IO 1.18156% 0.00 167,875.70 0.00 X-B 81743VAE3 IO 0.62531% 0.00 13,411.07 0.00 A-R 81743VAF0 SEN 3.37730% 0.00 0.00 0.00 B-1 81743VAG8 SUB 1.94875% 12,600,000.00 20,461.88 0.00 B-2 81743VAH6 SUB 1.94875% 8,400,000.00 13,641.25 0.00 B-3 81743VAJ2 SUB 2.54875% 4,725,000.00 10,035.70 0.00 B-4 SMT0210B4 SUB 2.68426% 2,625,000.00 5,871.82 0.00 B-5 SMT0210B5 SUB 2.68426% 2,100,000.00 4,697.46 0.00 B-6 SMT0210B6 SUB 2.68426% 3,685,162.00 8,243.28 0.00 - ------------------------------------------------------------------------------------------------------------ Totals 926,134,540.79 2,071,704.83 11,477,893.65 - ------------------------------------------------------------------------------------------------------------
Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ------------------------------------------------------------------------------------------------- 1A 81743VAA1 0.00 712,200,967.98 10,238,383.34 0.00 2A-1 81743VAB9 0.00 164,820,517.16 2,383,446.63 0.00 2A-2 81743VAN3 0.00 3,500,000.00 5,333.85 0.00 X-1A 81743VAC7 0.00 0.00 307,582.89 0.00 X-1B 81743VAD5 0.00 0.00 370,613.61 0.00 X-2 81743VAP8 0.00 0.00 167,875.70 0.00 X-B 81743VAE3 0.00 0.00 13,411.07 0.00 A-R 81743VAF0 0.00 0.00 0.00 0.00 B-1 81743VAG8 0.00 12,600,000.00 20,461.88 0.00 B-2 81743VAH6 0.00 8,400,000.00 13,641.25 0.00 B-3 81743VAJ2 0.00 4,725,000.00 10,035.70 0.00 B-4 SMT0210B4 0.00 2,625,000.00 5,871.82 0.00 B-5 SMT0210B5 0.00 2,100,000.00 4,697.46 0.00 B-6 SMT0210B6 0.00 3,685,162.00 8,243.28 0.00 - ------------------------------------------------------------------------------------------------- Totals 0.00 914,656,647.14 13,549,598.48 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 822,375,000.00 721,508,154.86 0.00 9,307,186.88 0.00 2A-1 190,000,000.00 166,991,223.93 0.00 2,170,706.77 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 1,050,010,262.00 926,134,540.79 0.00 11,477,893.65 0.00 - ----------------------------------------------------------------------------------------
Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ----------------------------------------------------------------------------------------------------- 1A 0.00 9,307,186.88 712,200,967.98 0.86602945 9,307,186.88 2A-1 0.00 2,170,706.77 164,820,517.16 0.86747641 2,170,706.77 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 11,477,893.65 914,656,647.14 0.87109306 11,477,893.65 - ----------------------------------------------------------------------------------------------------
(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 Original Face Beginning Principal Principal Realized Class Amount Certificate Balance Distribution Distribution Accretion Loss (3) - --------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 877.34689753 0.00000000 11.31744871 0.00000000 0.00000000 2A-1 190,000,000.00 878.90117858 0.00000000 11.42477247 0.00000000 0.00000000 2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 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-2 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 12,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Ending Total Principal Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - --------------------------------------------------------------------------------------- 1A 11.31744871 866.02944883 0.86602945 11.31744871 2A-1 11.42477247 867.47640611 0.86747641 11.42477247 2A-2 0.00000000 1000.00000000 1.00000000 0.00000000 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 X-2 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 of Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.54875% 721,508,154.86 931,196.46 0.00 0.00 2A-1 190,000,000.00 1.52875% 166,991,223.93 212,739.86 0.00 0.00 2A-2 3,500,000.00 1.82875% 3,500,000.00 5,333.85 0.00 0.00 X-1A 0.00 1.08544% 340,037,134.52 307,574.11 0.00 0.00 X-1B 0.00 1.16581% 381,471,020.33 370,603.02 0.00 0.00 X-2 0.00 1.18156% 170,491,223.93 167,870.90 0.00 0.00 X-B 0.00 0.62531% 25,725,000.00 13,405.03 0.00 0.00 A-R 100.00 3.37730% 0.00 0.00 0.00 0.00 B-1 12,600,000.00 1.94875% 12,600,000.00 20,461.88 0.00 0.00 B-2 8,400,000.00 1.94875% 8,400,000.00 13,641.25 0.00 0.00 B-3 4,725,000.00 2.54875% 4,725,000.00 10,035.70 0.00 0.00 B-4 2,625,000.00 2.68426% 2,625,000.00 5,871.82 0.00 0.00 B-5 2,100,000.00 2.68426% 2,100,000.00 4,697.46 0.00 0.00 B-6 3,685,162.00 2.68426% 3,685,162.00 8,243.28 0.00 0.00 - ------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 2,071,674.62 0.00 0.00 - -------------------------------------------------------------------------------------------------------------
Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - --------------------------------------------------------------------------------------- 1A 0.00 0.00 931,196.46 0.00 712,200,967.98 2A-1 0.00 0.00 212,739.86 0.00 164,820,517.16 2A-2 0.00 0.00 5,333.85 0.00 3,500,000.00 X-1A 0.00 0.00 307,582.89 0.00 334,839,424.70 X-1B 0.00 0.00 370,613.61 0.00 377,361,543.28 X-2 0.00 0.00 167,875.70 0.00 168,320,517.16 X-B 0.00 0.00 13,411.07 0.00 25,725,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 20,461.88 0.00 12,600,000.00 B-2 0.00 0.00 13,641.25 0.00 8,400,000.00 B-3 0.00 0.00 10,035.70 0.00 4,725,000.00 B-4 0.00 0.00 5,871.82 0.00 2,625,000.00 B-5 0.00 0.00 4,697.46 0.00 2,100,000.00 B-6 0.00 0.00 8,243.28 0.00 3,685,162.00 - --------------------------------------------------------------------------------------- Totals 0.00 0.00 2,071,704.83 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 Original Face Certificate Notional Accrued Interest Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall - -------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.54875% 877.34689753 1.13232584 0.00000000 0.00000000 0.00000000 2A-1 190,000,000.00 1.52875% 878.90117858 1.11968347 0.00000000 0.00000000 0.00000000 2A-2 3,500,000.00 1.82875% 1000.00000000 1.52395714 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.08544% 865.32295293 0.78271139 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.16581% 888.35006383 0.86304122 0.00000000 0.00000000 0.00000000 X-2 0.00 1.18156% 881.09159654 0.86754987 0.00000000 0.00000000 0.00000000 X-B 0.00 0.62531% 1000.00000000 0.52108960 0.00000000 0.00000000 0.00000000 A-R 100.00 3.37730% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 1.94875% 1000.00000000 1.62395873 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 1.94875% 1000.00000000 1.62395833 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 2.54875% 1000.00000000 2.12395767 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 2.68426% 1000.00000000 2.23688381 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 2.68426% 1000.00000000 2.23688571 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 2.68426% 1000.00000000 2.23688402 0.00000000 0.00000000 0.00000000
Remaining Unpaid Realized Total Interest Interest Ending Certificate/ Class (5) Loss (6) Distribution Shortfall Notational Balance - --------------------------------------------------------------------------- 1A 0.00000000 1.13232584 0.00000000 866.02944883 2A-1 0.00000000 1.11968347 0.00000000 867.47640611 2A-2 0.00000000 1.52395714 0.00000000 1000.00000000 X-1A 0.00000000 0.78273373 0.00000000 852.09587520 X-1B 0.00000000 0.86306589 0.00000000 878.78012534 X-2 0.00000000 0.86757468 0.00000000 869.87347370 X-B 0.00000000 0.52132439 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.62395873 0.00000000 1000.00000000 B-2 0.00000000 1.62395833 0.00000000 1000.00000000 B-3 0.00000000 2.12395767 0.00000000 1000.00000000 B-4 0.00000000 2.23688381 0.00000000 1000.00000000 B-5 0.00000000 2.23688571 0.00000000 1000.00000000 B-6 0.00000000 2.23688402 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 13,744,575.46 Liquidations, Insurance Proceeds, Reserve Funds 30.21 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,022.65 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 13,745,628.32 Withdrawals Reimbursement for Servicer Advances 3,085.15 Payment of Service Fee 192,944.69 Payment of Interest and Principal 13,549,598.48 ------------- Total Withdrawals (Pool Distribution Amount) 13,745,628.32 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 192,944.69 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 192,944.69 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------------------------------------------------------------------- Class X-A Basis Risk Reserve Fund 8,000.00 24.17 24,17 8,000.00 Class X-B Basis Risk Reserve Fund 2,000.00 6.04 6.04 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 0.081800% 0.053667% 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% 0.081800% 0.053667%
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 0.081800% 0.053667% 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% 0.081800% 0.053667%
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% 914,656,647.14 100.00000000% 96.267981% 0.000000% Class 1A 227,635,162.00 21.67932736% 202,455,679.16 22.13460972% 77.865390% 2,086.414495% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 4.11467649% 18.019933% 482.846741% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.73201923% 0.382657% 10.253357% Class X-1-A 34,135,162.00 3.25093604% 34,135,162.00 3.73201923% 0.000000% 0.000000% Class X-1-B 34,135,162.00 3.25093604% 34,135,162.00 3.73201923% 0.000000% 0.000000% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.73201923% 0.000000% 0.000000% Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.35445312% 1.377566% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.43607572% 0.918377% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.91948843% 0.516587% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.63249549% 0.286993% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.40290113% 0.229594% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.402901% 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 0.01782592% Fraud 31,500,308.00 3.00000001% 18,795,490.62 2.05492309% Special Hazard 11,240,000.00 1.07046573% 10,638,648.04 1.16313024%
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 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 -------------------- ------------------------- ---------------------- 0 0.00 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 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.051733% 0.027367% 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% 0.051733% 0.027367%
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 1 202,471.80 120 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 1 202,471.80 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 0.051733% 0.027367% 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% 0.051733% 0.027367%
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 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 ---------------------- --------------------- ----------------------- 0 0.00 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 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.195313% 0.164966% 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% 0.195313% 0.164966%
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 1 288,399.28 120 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 1 288,399.28 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 0.195313% 0.164966% 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% 0.195313% 0.164966%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 2.934286% Weighted Average Net Coupon 2.684286% Weighted Average Pass-Through Rate 2.684286% Weighted Average Maturity (Stepdown Calculation) 283 Beginning Scheduled Collateral Loan Count 2,471 Number of Loans Paid in Full 26 Ending Scheduled Collateral Loan Count 2,445 Beginning Scheduled Collateral Balance 926,134,540.79 Ending Scheduled Collateral Balance 914,656,647.14 Ending Actual Collateral Balance at 31-Dec-2003 914.656,648.85 Monthly P&I Constant 2,264,619.33 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 13,473,211.86 Ending Scheduled Balance for Premium Loans 914,656,647.14 Scheduled Principal 0.00 Unscheduled Principal 11,477,893.65
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 2.926683 2.966466 2.934286 Weighted Average Net Rate 2.676683 2.716466 2.684286 Pass-Through Rate 2.676683 2.716466 2.682486 Weighted Average Maturity 283 283 283 Record Date 12/31/2003 12/31/2003 12/31/2003 Principal and Interest Constant 1,827,079.53 437,539.80 2,264,619.33 Beginning Loan Count 1,955 516 2,471 Loans Paid in Full 22 4 26 Ending Loan Count 1,933 512 2,445 Beginning Scheduled Balance 749,140,151.86 176,994,388.93 926,134,540.79 Ending Scheduled Balance 739,832,964.98 174,823,682.16 914,656,647.14 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 9,307,186.88 2,170,706.77 11,477,893.65 Scheduled Interest 1,827,079.53 437,539.80 2,264,619.33 Servicing Fee 156,070.86 36,873.83 192,944.69 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 1,671,008.67 400,665.97 2,071,674.64 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 347,830,535.91 Six Month LIBOR Loans 392,002,429.07 Pro Rata Senior Percentage 96.311505% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group 2 Pro Rata Senior Percentage 96.325779% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%