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

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 principal and interest payments made to certificateholders as of December 20, 2002, in accordance with the Pooling and Servicing Agreement. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were performed on behalf of the trustee. No realized losses are reported for this period.

Read More Arrow
EX-10.1 3 f86815exv10w1.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: NOVEMBER 29, 2002 DISTRIBUTION DATE: DECEMBER 20, 2002 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 1.78813% 817,350,273.32 1,217,940.45 3,971,376.71 0.00 2A-1 81743VAB9 SEN 1.76813% 188,444,857.98 277,662.50 600,680.10 0.00 2A-2 81743VAN3 SEN 2.06813% 3,500,000.00 6,032.05 0.00 0.00 X-1A 81743VAC7 IO 1.47864% 0.00 481,274.62 0.00 0.00 X-1B 81743VAD5 IO 1.66699% 0.00 592,857.96 0.00 0.00 X-2 81743VAP8 IO 1.68968% 0.00 270,273.28 0.00 0.00 X-B 81743VAE3 IO 1.08549% 0.00 23,272.07 0.00 0.00 A-R 81743VAF0 SEN 3.40027% 0.00 0.00 0.00 0.00 B-1 81743VAG8 SUB 2.18813% 12,600,000.00 22,975.36 0.00 0.00 B-2 81743VAH6 SUB 2.18813% 8,400,000.00 15,316.91 0.00 0.00 B-3 81743VAJ2 SUB 2.78813% 4,725,000.00 10,978.26 0.00 0.00 B-4 SMT0210B4 SUB 3.38382% 2,625,000.00 7,402.11 0.00 0.00 B-5 SMT0210B5 SUB 3.38382% 2,100,000.00 5,921.68 0.00 0.00 B-6 SMT0210B6 SUB 3.38382% 3,685,162.00 10,391.60 0.00 0.00 ---------------- ------------ ------------ ---- Totals 1,043,430,293.30 2,942,298.85 4,572,056.81 0.00
Ending Certificate Total Cumulative Class Balance Distribution Realized Loss ----- ------- ------------ ------------- 1A 813,378,896.61 5,189,317.16 0.00 2A-1 187,844,177.88 878,342.60 0.00 2A-2 3,500,000.00 6,032.05 0.00 X-1A 0.00 481,274.62 0.00 X-1B 0.00 592,857.96 0.00 X-2 0.00 270,273.28 0.00 X-B 0.00 23,272.07 0.00 A-R 0.00 0.00 0.00 B-1 12,600,000.00 22,975.36 0.00 B-2 8,400,000.00 15,316.91 0.00 B-3 4,725,000.00 10,978.26 0.00 B-4 2,625,000.00 7,402.11 0.00 B-5 2,100,000.00 5,921.68 0.00 B-6 3,685,162.00 10,391.60 0.00 ---------------- ------------ ---- Totals 1,038,858,236.49 7,514,355.66 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 Class Amount Balance Distribution Distribution Accretion Loss (1) ----- ------ ------- ------------ ------------ --------- -------- 1A 822,375,000.00 817,350,273.32 0.00 3,971,376.71 0.00 0.00 2A-1 190,000,000.00 188,444,857.98 0.00 600,680.10 0.00 0.00 2A-2 3,500,000.00 3,500,000.00 0.00 0.00 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-2 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 12,600,000.00 12,600,000.00 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 B-3 4,725,000.00 4,725,000.00 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 B-5 2,100,000.00 2,100,000.00 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 ---------------- ---------------- ---- ------------ ---- ---- Totals 1,050,010,262.00 1,043,430,293.30 0.00 4,572,056.81 0.00 0.00
Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution ----- --------- ------- ---------- ------------ 1A 3,971,376.71 813,378,896.61 0.98906083 3,971,376.71 2A-1 600,680.10 187,844,177.88 0.98865357 600,680.10 2A-2 0.00 3,500,000.00 1.00000000 0.00 X-1A 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00000000 0.00 X-2 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 12,600,000.00 1.00000000 0.00 B-2 0.00 8,400,000.00 1.00000000 0.00 B-3 0.00 4,725,000.00 1.00000000 0.00 B-4 0.00 2,625,000.00 1.00000000 0.00 B-5 0.00 2,100,000.00 1.00000000 0.00 B-6 0.00 3,685,162.00 1.00000000 0.00 ------------ ---------------- ---------- ------------ Totals 4,572,056.81 1,038,858,236.49 0.98937913 4,572,056.81
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction ----- ------ ------- ------------ ------------ --------- -------- --------- 1A 822,375,000.00 993.88998124 0.00000000 4.82915545 0.00000000 0.00000000 4.82915545 2A-1 190,000,000.00 991.81504200 0.00000000 3.16147421 0.00000000 0.00000000 3.16147421 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 Class Balance Percentage Distribution ----- ------- ---------- ------------ 1A 989.06082579 0.98906083 4.82915545 2A-1 988.65356779 0.98865357 3.16147421 2A-2 1000.00000000 1.00000000 0.00000000 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Payment of Current Beginning Current Unpaid Current Non-Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Class Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall ----- ------ ---- ---------------- -------- --------- --------- --------- 1A 822,375,000.00 1.78813% 817,350,273.32 1,217,940.45 0.00 0.00 0.00 2A-1 190,000,000.00 1.76813% 188,444,857.98 277,662.51 0.00 0.00 0.00 2A-2 3,500,000.00 2.06813% 3,500,000.00 6,032.05 0.00 0.00 0.00 X-1A 0.00 1.47864% 390,578,367.87 481,271.80 0.00 0.00 0.00 X-1B 0.00 1.66699% 426,771,905.45 592,854.49 0.00 0.00 0.00 X-2 0.00 1.68968% 191,944,857.98 270,271.69 0.00 0.00 0.00 X-B 0.00 1.08549% 25,725,000.00 23,270.10 0.00 0.00 0.00 A-R 100.00 3.40027% 0.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 2.18813% 12,600,000.00 22,975.37 0.00 0.00 0.00 B-2 8,400,000.00 2.18813% 8,400,000.00 15,316.91 0.00 0.00 0.00 B-3 4,725,000.00 2.78813% 4,725,000.00 10,978.26 0.00 0.00 0.00 B-4 2,625,000.00 3.38382% 2,625,000.00 7,402.11 0.00 0.00 0.00 B-5 2,100,000.00 3.38382% 2,100,000.00 5,921.68 0.00 0.00 0.00 B-6 3,685,162.00 3.38382% 3,685,162.00 10,391.60 0.00 0.00 0.00 ---------------- ------------ ---- ---- ---- Totals 1,050,010,262.00 2,942,289.02 0.00 0.00 0.00
Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance ----- -------- ------------ --------- ------- 1A 0.00 1,217,940.45 0.00 813,378,896.61 2A-1 0.00 277,662.50 0.00 187,844,177.88 2A-2 0.00 6,032.05 0.00 3,500,000.00 X-1A 0.00 481,274.62 0.00 388,471,780.66 X-1B 0.00 592,857.96 0.00 424,907,115.95 X-2 0.00 270,278.28 0.00 191,344,177.88 X-B 0.00 23,272.07 0.00 25,725,000.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 22,975.36 0.00 12,600,000.00 B-2 0.00 15,316.91 0.00 8,400,000.00 B-3 0.00 10,978.26 0.00 4,725,000.00 B-4 0.00 7,402.11 0.00 2,625,000.00 B-5 0.00 5,921.68 0.00 2,100,000.00 B-6 0.00 10,391.60 0.00 3,685,162.00 ---- ------------ ---- Totals 0.00 2,942,298.85 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 Non-Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - --------- ------ ---- ---------------- -------- --------- --------- --------- 1A 822,375,000.00 1.78813% 993.88998124 1.48100374 0.00000000 0.00000000 0.00000000 2A-1 190,000,000.00 1.76813% 991.81504200 1.46138163 0.00000000 0.00000000 0.00000000 2A-2 3,500,000.00 2.06813% 1000.00000000 1.72344286 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.47864% 993.93975636 1.22473546 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.66699% 993.84443180 1.38060900 0.00000000 0.00000000 0.00000000 X-2 0.00 1.68968% 991.96309034 1.39675292 0.00000000 0.00000000 0.00000000 X-B 0.00 1.08549% 1000.00000000 0.90457143 0.00000000 0.00000000 0.00000000 A-R 100.00 3.40027% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 2.18813% 1000.00000000 1.82344206 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 2.18813% 1000.00000000 1.82344167 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 2.78813% 1000.00000000 2.32344127 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 3.38382% 1000.00000000 2.81985143 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 3.38382% 1000.00000000 2.81984762 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 3.38382% 1000.00000000 2.81984890 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 1.48100374 0.00000000 989.06082579 2A-1 0.00000000 1.46138158 0.00000000 988.65356779 2A-2 0.00000000 1.72344286 0.00000000 1000.00000000 X-1A 0.00000000 1.22474263 0.00000000 988.57893520 X-1B 0.00000000 1.38061708 0.00000000 989.50180606 X-2 0.00000000 1.39676114 0.00000000 988.85880041 X-B 0.00000000 0.90464801 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.82344127 0.00000000 1000.00000000 B-2 0.00000000 1.82344167 0.00000000 1000.00000000 B-3 0.00000000 2.32344127 0.00000000 1000.00000000 B-4 0.00000000 2.81985143 0.00000000 1000.00000000 B-5 0.00000000 2.81984762 0.00000000 1000.00000000 B-6 0.00000000 2.81984890 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 7,696,431.61 Liquidations, Insurance Proceeds, Reserve Funds 9.85 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 35,295.51 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 7,731,736.97 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 217,381.31 Payment of Interest and Principal 7,514,355.66 ------------ Total Withdrawals (Pool Distribution Amount) 7,731,736.97 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 217,381.31 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 217,381.31 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance --------------------------------- --------- ----------- -------- -------- Class X-A Basis Risk Reserve Fund 8,000.00 7.88 7.88 8,000.00 Class X-B Basis Risk Reserve Fund 2,000.00 1.97 1.97 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 26 11,312,149.82 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 1,255,500.00 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 ------------------------- --------------------- --------------------- 28 12,567,649.82 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 0.946487% 1.088902% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.072807% 0.120854% 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% ------------------------- --------------------- --------------------- 1.019294% 1.209756% 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 26 11,312,149.82 60 Days 0 0.00 60 Days 2 1,255,500.00 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 28 12,567,649.82
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 0.946487% 1.088902% 60 Days 0.000000% 0.000000% 60 Days 0.072807% 0.120854% 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% 1.019294% 1.209756%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 35,295.51 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% 1,038,858,236.49 100.00000000% 96.714166% 0.000000% Class 1A 227,635,162.00 21.67932736% 225,479,339.88 21.70453407% 78.295466% 2,382.818329% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 3.62274280% 18.081791% 550.295258% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.28583447% 0.336908% 10.253357% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.28583447% 0.000000% 0.000000% Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.07296446% 1.212870% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.26438445% 0.808580% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.80955820% 0.454826% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.55687694% 0.252681% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.35473194% 0.202145% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.354732% 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 0.01569473% Fraud 31,500,308.00 3.00000001% 31,500,308.00 3.03220467% Special Hazard 11,240,000.00 1.07046573% 11,240,000.00 1.08195706%
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 24 10,823,149.82 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 1,000,000.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+Days 0 0.00 180+ Days 0 0.00 ------------------------- --------------------- -------------------- 25 11,823,149.82 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 1.103956% 1.286921% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.045998% 0.118905% 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% ------------------------- --------------------- -------------------- 1.149954% 1.405826% 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 24 10,823,149.82 60 Days 0 0.00 60 Days 1 1,000,000.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+Days 0 0.00 --------------------- ------------------------- 0 0.00 25 11,823,149.82
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 1.103956% 1.286921% 60 Days 0.000000% 0.000000% 60 Days 0.045998% 0.118905% 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% 1.149954% 1.405826%
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 2 489,000.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 255,500.00 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 ---------------------- --------------------- --------------------- 3 744,500.00 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 0.349040% 0.247160% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.174520% 0.129140% 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% ---------------------- --------------------- --------------------- 0.523560% 0.376300% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - --------------------------------- ---------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Day 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 2 489,000.00 60 Days 0 0.00 60 Days 1 255,500.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Day 0 0.00 180+ Days 0 0.00 --------------------- ---------------------- 0 0.00 3 744,500.00
0-29 Day 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.349040% 0.247160% 60 Days 0.000000% 0.000000% 60 Days 0.174520% 0.129140% 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+ Day 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- ---------------------- 0.000000% 0.000000% 0.523560% 0.376300%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 3.633788% Weighted Average Net Coupon 3.383788% Weighted Average Pass-Through Rate 3.383788% Weighted Average Maturity (Stepdown Calculation) 296 Beginning Scheduled Collateral Loan Count 2,756 Number of Loans Paid in Full 9 Ending Scheduled Collateral Loan Count 2,747 Beginning Scheduled Collateral Balance 1,043,430,293.30 Ending Scheduled Collateral Balance 1,038,858,236.44 Ending Actual Collateral Balance at 29-Nov-2002 1,038,858,236.44 Monthly P&I Constant 3,159,670.33 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,418,089.80 Ending Scheduled Balance for Premium Loans 1,038,858,236.44 Scheduled Principal 0.00 Unscheduled Principal 4,572,056.81
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.615118 3.713284 3.633788 Weighted Average Net Rate 3.365118 3.463284 3.383788 Pass-Through Rate 3.365118 3.463284 3.383788 Weighted Average Maturity 296 296 296 Record Date 11/29/2002 11/29/2002 11/29/2002 Principal and Interest Constant 2,545,592.16 614,078.17 3,159,670.33 Beginning Loan Count 2,181 575 2,756 Loans Paid in Full 7 2 9 Ending Loan Count 2,174 573 2,747 Beginning Scheduled Balance 844,982,270.32 198,448,022.98 1,043,430,293.30 Ending Scheduled Balance 841,010,893.56 197,847,342.88 1,038,858,236.44 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 3,971,376.71 600,680.10 4,572,056.81 Scheduled Interest 2,545,592.16 614,078.17 3,159,670.33 Servicing Fee 176,037.98 41,343.33 217,381.31 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 2,369,554.18 572,734.84 2,942,289.02 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 401,668,891.01 Six Month LIBOR Loans 439,342,002.55 Pro Rata Senior Percentage 96.729873% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.00000% Group 2 Pro Rata Senior Percentage 96.722988% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%