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

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2002-10, 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 December 31, 2002, with distributions occurring on January 21, 2003. The summary includes beginning and ending balances, distribution amounts, and realized losses for each class. All calculations are performed in accordance with the Pooling and Servicing Agreement, and no realized losses are reported for this period.

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EX-10.1 3 f87275eexv10w1.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, 2002 DISTRIBUTION DATE: JANUARY 21, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- --------------------------------------------------------------------------------------------------------------------------- Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Class CUSIP Description Rate Balance Distribution Distribution Realized Loss - --------------------------------------------------------------------------------------------------------------------------- 1A 81743VAA1 SEN 1.82000% 813,378,896.61 1,233,624.66 4,060,966.04 0.00 2A-1 81743VAB9 SEN 1.80000% 187,844,177.88 281,766.27 876,457.01 0.00 2A-2 81743VAN3 SEN 2.10000% 3,500,000.00 6,125.00 0.00 0.00 X-1A 81743VAC7 IO 1.32160% 0.00 427,839.77 0.00 0.00 X-1B 81743VAD5 IO 1.63716% 0.00 579,703.48 0.00 0.00 X-2 81743VAP8 IO 1.66007% 0.00 264,705.06 0.00 0.00 X-B 81743VAE3 IO 1.00656% 0.00 21,579.92 0.00 0.00 A-R 81743VAF0 SEN 3.39986% 0.00 0.00 0.00 0.00 B-1 81743VAG8 SUB 2.22000% 12,600,000.00 23,310.00 0.00 0.00 B-2 81743VAH6 SUB 2.22000% 8,400,000.00 15,540.00 0.00 0.00 B-3 81743VAJ2 SUB 2.82000% 4,725,000.00 11,103.75 0.00 0.00 B-4 SMT0210B4 SUB 3.33676% 2,625,000.00 7,299.16 0.00 0.00 B-5 SMT0210B5 SUB 3.33676% 2,100,000.00 5,839.33 0.00 0.00 B-6 SMT0210B6 SUB 3.33676% 3,685,162.00 10,247.08 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------- Totals 1,038,858,236.49 2,888,683.48 4,937,423.05 0.00 - ---------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------- Ending Certificate Total Cumulative Balance Distribution Realized Loss - ------------------------------------------------- 809,317,930.57 5,294,590.70 0.00 186,967,720.87 1,158,223.28 0.00 3,500,000.00 6,125.00 0.00 0.00 427,839.77 0.00 0.00 579,703.48 0.00 0.00 264,705.06 0.00 0.00 21,579.92 0.00 0.00 0.00 0.00 12,600,000.00 23,310.00 0.00 8,400,000.00 15,540.00 0.00 4,725,000.00 11,103.75 0.00 2,625,000.00 7,299.16 0.00 2,100,000.00 5,839.33 0.00 3,685,162.00 10,247.08 0.00 - ------------------------------------------------- 1,033,920,813.44 7,826,106.53 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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - --------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 813,378,896.61 0.00 4,060,966.04 0.00 0.00 4,060,966.04 2A-1 190,000,000.00 187,844,177.88 0.00 876,457.01 0.00 0.00 876,457.01 2A-2 3,500,000.00 3,500,000.00 0.00 0.00 0.00 0.00 0.00 X-1A 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 X-2 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 A-R 100.00 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 B-2 8,400,000.00 8,400,000.00 0.00 0.00 0.00 0.00 0.00 B-3 4,725,000.00 4,725,000.00 0.00 0.00 0.00 0.00 0.00 B-4 2,625,000.00 2,625,000.00 0.00 0.00 0.00 0.00 0.00 B-5 2,100,000.00 2,100,000.00 0.00 0.00 0.00 0.00 0.00 B-6 3,685,162.00 3,685,162.00 0.00 0.00 0.00 0.00 0.00 --------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 1,038,858,236.49 0.00 4,937,423.05 0.00 0.00 4,937,423.05 - ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------- Ending Ending Certificate Certificate Total Principal Balance Percentage Distribution - ---------------------------------------------------- 809,317,930.57 0.98412273 4,060,966.04 186,967,720.87 0.98404064 876,457.01 3,500,000.00 1.00000000 0.00 0.00 0.00000000 0.00 0.00 0.00000000 0.00 0.00 0.00000000 0.00 0.00 0.00000000 0.00 0.00 0.00000000 0.00 12,600,000.00 1.00000000 0.00 8,400,000.00 1.00000000 0.00 4,725,000.00 1.00000000 0.00 2,625,000.00 1.00000000 0.00 2,100,000.00 1.00000000 0.00 3,685,162.00 1.00000000 0.00 - ---------------------------------------------------- 1,033,920,813.44 0.98467687 4,937,423.05 - ----------------------------------------------------
(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 Total Principal Original Face Certificate Principal Principal Realized Reduction Class Amount Balance Distribution Distribution Accretion Loss (3) - ----------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 989.06082579 0.00000000 4.93809520 0.00000000 0.00000000 4.93809520 2A-1 190,000,000.00 988.65356779 0.00000000 4.61293163 0.00000000 0.00000000 4.61293163 2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 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 X-2 0.00 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 A-R 100.00 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 B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - -----------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------ Ending Ending Certificate Certificate Total Principal Balance Percentage Distribution - ------------------------------------------------ 984.12273059 0.98412273 4.93809520 984.04063616 0.98404064 4.61293163 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 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 Non- Current Beginning Current Unpaid Current Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Realized Class Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----------------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.82000% 813,378,896.61 1,233,624.66 0.00 0.00 0.00 0.00 2A-1 190,000,000.00 1.80000% 187,844,177.88 281,766.27 0.00 0.00 0.00 0.00 2A-2 3,500,000.00 2.10000% 3,500,000.00 6,125.00 0.00 0.00 0.00 0.00 X-1A 0.00 1.32160% 388,471,780.66 427,837.22 0.00 0.00 0.00 0.00 X-1B 0.00 1.63716% 424,907,115.95 579,700.02 0.00 0.00 0.00 0.00 X-2 0.00 1.66007% 191,344,177.88 264,703.47 0.00 0.00 0.00 0.00 X-B 0.00 1.00656% 25,725,000.00 21,578.02 0.00 0.00 0.00 0.00 A-R 100.00 3.39986% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 2.22000% 12,600,000.00 23,310.00 0.00 0.00 0.00 0.00 B-2 8,400,000.00 2.22000% 8,400,000.00 15,540.00 0.00 0.00 0.00 0.00 B-3 4,725,000.00 2.82000% 4,725,000.00 11,103.75 0.00 0.00 0.00 0.00 B-4 2,625,000.00 3.33676% 2,625,000.00 7,299.16 0.00 0.00 0.00 0.00 B-5 2,100,000.00 3.33676% 2,100,000.00 5,839.33 0.00 0.00 0.00 0.00 B-6 3,685,162.00 3.33676% 3,685,162.00 10,247.08 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 2,888,673.98 0.00 0.00 0.00 0.00 - -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------ Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Distribution Shortfall Balance - ------------------------------------------------ 1,233,624.66 0.00 808,317,930.57 281,766.27 0.00 186,967,720.87 6,125.00 0.00 3,500,000.00 427,839.77 0.00 387,747,033.87 579,703.48 0.00 421,570,896.70 264,705.06 0.00 190,467,720.87 21,579.92 0.00 25,725,000.00 0.00 0.00 0.00 23,310.00 0.00 12,600,000.00 15,540.00 0.00 8,400,000.00 11,103.75 0.00 4,725,000.00 7,299.16 0.00 2,625,000.00 5,839.33 0.00 2,100,000.00 10,247.08 0.00 3,685,162.00 - ------------------------------------------------ 2,888,683.48 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 Non- Current Beginning Current Unpaid Current Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Realized Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ---------------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.82000% 989.06082579 1.50007559 0.00000000 0.00000000 0.00000000 0.00000000 2A-1 190,000,000.00 1.80000% 988.65356779 1.48298037 0.00000000 0.00000000 0.00000000 0.00000000 2A-2 3,500,000.00 2.10000% 1000.00000000 1.75000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.32160% 988.57893520 1.08875569 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.63716% 989.50180606 1.34997555 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.66007% 988.85880041 1.36797659 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.00656% 1000.00000000 0.83879572 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.39986% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 2.22000% 1000.00000000 1.85000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 2.22000% 1000.00000000 1.85000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 2.82000% 1000.00000000 2 ###-###-#### 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 3.33676% 1000.00000000 2.78063238 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 3.33676% 1000.00000000 2.78063333 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 3.33676% 1000.00000000 2.78063217 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------- Remaining Unpaid Total Interest Interest Ending Certificate/ Distribution Shortfall Notational Balance - -------------------------------------------------- 1.50007559 0.00000000 984.12273059 1.48298037 0.00000000 984.04063616 1.75000000 0.00000000 1000.00000000 1.08876218 0.00000000 986.73460713 1.34998361 0.00000000 981.73259051 1.36798481 0.00000000 984.32930682 0.83886958 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 1.85000000 0.00000000 1000.00000000 1.85000000 0.00000000 1000.00000000 2.35000000 0.00000000 1000.00000000 2.78063238 0.00000000 1000.00000000 2.78063333 0.00000000 1000.00000000 2.78063217 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 8,018,579.50 Liquidations, Insurance Proceeds, Reserve Funds 9.51 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 23,946.32 Realized Losses 0.00 Prepayment Penalties 0.00 -------------- Total Deposits 8,042,535.33 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 216,428.80 Payment of Interest and Principal 7,826,106.53 -------------- Total Withdrawals (Pool Distribution Amount) 8,042,535.33 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 216,428.80 Supported Prepayment/Curtailment Interest Shortfall 0.00 -------------- Net Servicing Fee 216,428.80 ==============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------------------- Class X-A Basis Risk Reserve Fund 8,000.00 7.61 7.61 8,000.00 Class X-B Basis Risk Reserve Fund 2,000.00 1.90 1.90 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 16 4,743,362.91 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 3,229,900.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 255,500.00 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 ------------------------- ----------------------- ----------------------- 20 8,228,762.91 0 0.00 0 0.00 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.584368% 0.458774% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.109569% 0.312393% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.036523% 0.024712% 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% ------------------------- ----------------------- ----------------------- 0.730460% 0.795879% 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 16 4,743,362.91 60 Days 0 0.00 60 Days 3 3,229,900.00 90 Days 0 0.00 90 Days 1 255,500.00 120 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 20 8,228,762.91 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.584368% 0.458774% 60 Days 0.000000% 0.000000% 60 Days 0.109569% 0.312393% 90 Days 0.000000% 0.000000% 90 Days 0.036523% 0.024712% 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% 0.730460% 0.795879%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 23,946.32 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% 1,033,920,813.44 100.00000000% 96.698474% 0.000000% Class 1A 227,635,162.00 21.67932736% 224,602,882.87 21.72341247% 78.276588% 2,370.921604% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 3.64004298% 18.083369% 547.727651% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.30152576% 0.338517% 10.253357% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.30152576% 0.000000% 0.000000% Class B-1 24,535,162.00 2.05094776% 21,535,162.00 2.08286377% 1.218662% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.27042244% 0.812441% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.81342419% 0.456998% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.55953627% 0.253888% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.35642594% 0.203110% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.356426% 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 0.01576968% Fraud 31,500,308.00 3.00000001% 31,500,308.00 3.04668477% Special Hazard 11,240,000.00 1.07046573% 11,240,000.00 1.08712387%
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 15 4,553,362.91 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 3,229,900.00 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 ------------------------ --------------------- ---------------------- 18 7,783,262.91 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 0.692521% 0.544042% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.138504% 0.385913% 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% ------------------------ --------------------- ---------------------- 0.831025% 0.929956% 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 15 4,553,362.91 60 Days 0 0.00 60 Days 3 3,229,900.00 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 18 7,783,262.91 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 0.692521% 0.544042% 60 Days 0.000000% 0.000000% 60 Days 0.138504% 0.385913% 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% 0.831025% 0.929956%
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 1 190,000.00 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 1 255,500.00 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 ------------------------ ---------------------- ---------------------- 2 445,500.00 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 0.174825% 0.096461% 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 0.174825% 0.129715% 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% ------------------------ ---------------------- ---------------------- 0.349650% 0.226176% 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 1 190,000.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 255,500.00 120 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 2 445,500.00 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 0.174825% 0.096461% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.174825% 0.129715% 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% 0.349650% 0.226176%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 3.586749% Weighted Average Net Coupon 3.336749% Weighted Average Pass-Through Rate 3.336749% Weighted Average Maturity (Stepdown Calculation) 295 Beginning Scheduled Collateral Loan Count 2,747 Number of Loans Paid in Full 9 Ending Scheduled Collateral Loan Count 2,738 Beginning Scheduled Collateral Balance 1,038,858,236.44 Ending Scheduled Collateral Balance 1,033,920,813.39 Ending Actual Collateral Balance at 31-Dec-2002 1,033,920,813.39 Monthly P&I Constant 3,105,102.77 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,731,179.68 Ending Scheduled Balance for Premium Loans 1,033,920,813.39 Scheduled Principal 0.00 Unscheduled Principal 4,937,423.05
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.556447 3.715555 3.586749 Weighted Average Net Rate 3.306447 3.465555 3.336749 Pass-Through Rate 3.306447 3.465555 3.336749 Weighted Average Maturity 295 295 295 Record Date 12/31/2002 12/31/2002 12/31/2002 Principal and Interest Constant 2,492,508.94 612,593.83 3,105,102.77 Beginning Loan Count 2,174 573 2,747 Loans Paid in Full 8 1 9 Ending Loan Count 2,166 572 2,738 Beginning Scheduled Balance 841,010,893.56 197,847,342.88 1,038,858,236.44 Ending Scheduled Balance 836,949,927.52 196,970,885.87 1,033,920,813.39 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 4,060,966.04 876,457.01 4,937,423.05 Scheduled Interest 2,492,508.94 612,593.83 3,105,102.77 Servicing Fee 175,210.60 41,218.20 216,428.80 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 2,317,298.34 571,375.63 2,888,673.97 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 400,985,619.66 Six Month LIBOR Loans 435,964,307.86 Pro Rata Senior Percentage 96.714431% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.00000% Group 2 Pro Rata Senior Percentage 96.713039% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%