Other Events

EX-10.1 3 f86821exv10w1.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 2002-8 RECORD DATE: NOVEMBER 29, 2002 DISTRIBUTION DATE: DECEMBER 20, 2002 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - ----- ---------- ----------- ------------ -------------- ------------ ------------ 1-A1 81743RAA0 SEN 1.51813% 30,279,015.54 38,306.23 5,702,379.29 1-A2 81743RAB8 SEN 3.45500% 61,468,000.00 176,976.62 0.00 2A 81743RAC6 SEN 1.68813% 451,656,609.49 635,379.23 3,849,085.05 3A 81743RAD4 SEN 3.90971% 47,882,491.69 156,005.34 48,405.51 X-1 81743RAE2 IO 2.53917% 0.00 194,136.82 0.00 X-2A 81743RAFf9 IO 1.44202% 0.00 222,116.41 0.00 X-2B 81743AFG7 IO 1.75452% 0.00 390,121.94 0.00 X-B 81743RAH5 IO 1.66366% 0.00 12,575.24 0.00 A-R 81743RAJ1 SEN 5.37347% 0.00 0.00 0.00 B-1 81743RAK8 SUB 2.06313% 9,069,000.00 15,592.10 0.00 B-2 81743RAL6 SUB 3.72679% 5,505,000.00 17,096.63 0.00 B-3 81743RAM4 SUB 3.72679% 3,886,000.00 12,068.58 0.00 B-4 SMT0208B4 SUB 3.72679% 1,618,000.00 5,024.95 0.00 B-5 SMT0208B5 SUB 3.72679% 970,000.00 3,012.49 0.00 B-6 SMT0208B6 SUB 3.72679% 2,306,324.82 7,162.65 0.00 -------------- ------------ ------------ Totals 614,640,441.54 1,885,575.23 9,599,869.85
Ending Current Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss - ----- ------------- -------------- ------------- ------------- 1-A1 0.00 24,576,636.25 5,740,685.52 0.00 1-A2 0.00 61,468,000.00 176,976.62 0.00 2A 0.00 447,807,524.44 4,484,464.28 0.00 3A 0.00 47,834,086.18 204,410.85 0.00 X-1 0.00 0.00 194,136.82 0.00 X-2A 0.00 0.00 222,116.41 0.00 X-2B 0.00 0.00 390,121.94 0.00 X-B 0.00 0.00 12,575.24 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 9,069,000.00 15,592.10 0.00 B-2 0.00 5,505,000.00 17,096.63 0.00 B-3 0.00 3,886,000.00 12,068.58 0.00 B-4 0.00 1,618,000.00 5,024.95 0.00 B-5 0.00 970,000.00 3,012.49 0.00 B-6 0.00 2,306,324.82 7,162.65 0.00 ---- -------------- ------------- ---- Totals 0.00 605,040,571.69 11,485,445.08 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 ----- ------------- -------------- ------------ ------------ --------- 1-A1 50,000,000.00 30,279,015.54 1,218.41 5,701,160.88 0.00 1-A2 61,468,000.00 61,468,000.00 0.00 0.00 0.00 2A 463,097,000.00 451,656,609.49 158.92 3,848,926.13 0.00 3A 49,973,000.00 47,882,491.69 0.00 48,405.51 0.00 X-1 0.00 0.00 0.00 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 0.00 X-2B 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 9,069,000.00 9,069,000.00 0.00 0.00 0.00 B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 B-5 970,000.00 970,000.00 0.00 0.00 0.00 B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 - ------- -------------- -------------- -------- ------------ ---- Totals 647,892,424.82 614,640,441.54 1,377.33 9,598,492.52 0.00
Ending Ending Realized Total Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution ----- -------- --------------- ------------ ----------- --------------- 1-A1 0.00 5,702,379.29 24,576,636.25 0.49153273 5,702,379.29 1-A2 0.00 0.00 61,468,000.00 1.00000000 0.00 2A 0.00 3,849,085.05 447,807,524.44 0.96698429 3,849,085.05 3A 0.00 48,405.51 47,834,086.18 0.95719861 48,405.51 X-1 0.00 0.00 0.00 0.00000000 0.00 X-2A 0.00 0.00 0.00 0.00000000 0.00 X-2B 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 9,069,000.00 1.00000000 0.00 B-2 0.00 0.00 5,505,000.00 1.00000000 0.00 B-3 0.00 0.00 3,886,000.00 1.00000000 0.00 B-4 0.00 0.00 1,618,000.00 1.00000000 0.00 B-5 0.00 0.00 970,000.00 1.00000000 0.00 B-6 0.00 0.00 2,306,324.82 1.00000000 0.00 - ------- ---- ------------ -------------- ---------- ------------ Totals 0.00 9,599,869.85 605,040,571.69 0.93385962 9,599,869.85
(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 Class Amount Balance Distribution Distribution Accretion ----- ------------- -------------- ------------ ------------ --------- 1-A1 50,000,000.00 605.58031080 0.02436820 114.02321760 0.00000000 1-A2 61,468,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A 463,097,000.00 975.29590883 0.00034317 8.31127416 0.00000000 3A 49,973,000.00 958.16724411 0.00000000 0.96863326 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000
Ending Ending Realized Total Principal Certificate Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution ----- -------- --------------- ------------ ----------- --------------- 1-A1 0.00000000 114.04758580 491.53272500 0.49153273 114.04758580 1-A2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 2A 0.00000000 8.31161733 966.98429150 0.96698429 8.31161733 3A 0.00000000 0.96863326 957.19861085 0.95719861 0.96863326 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 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
Beginning Payment of Current Certificate/ Current Unpaid Current Original Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall ----- ------------- ------------ ------------- ----------- ----------- ---------- 1-A1 50,000,000.00 1.51813% 30,279,015.54 38,306.23 0.00 0.00 1-A2 61,468,000.00 3.45500% 61,468,000.00 176,976.62 0.00 0.00 2A 463,097,000.00 1.68813% 451,656,609.49 635,379.23 0.00 0.00 3A 49,973,000.00 3.90971% 47,882,491.69 156,005.34 0.00 0.00 X-1 0.00 2.53917% 91,747,015.54 194,134.66 0.00 0.00 X-2A 0.00 1.44202% 184,835,868.52 222,114.85 0.00 0.00 X-2B 0.00 1.75452% 266,820,740.97 390,119.20 0.00 0.00 X-B 0.00 1.66366% 9,069,000.00 12,573.08 0.00 0.00 A-R 100.00 5.37347% 0.00 0.00 0.00 0.00 B-1 9,069,000.00 2.06313% 9,069,000.00 15,592.10 0.00 0.00 B-2 5,505,000.00 3.72679% 5,505,000.00 17,096.63 0.00 0.00 B-3 3,886,000.00 3.72679% 3,886,000.00 12,068.58 0.00 0.00 B-4 1,618,000.00 3.72679% 1,618,000.00 5,024.95 0.00 0.00 B-5 970,000.00 3.72679% 970,000.00 3,012.49 0.00 0.00 B-6 2,306,324.82 3.72679% 2,306,324.82 7,162.65 0.00 0.00 - ------- -------------- ------- -------------- ------------ ---- ---- Totals 647,892,424.82 1,885,566.61 0.00 0.00
Remaining Ending Non-Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance ----- ------------- --------- -------------- --------- ----------- 1-A1 0.00 0.00 38,306.23 0.00 24,576,636.25 1-A2 0.00 0.00 176,976.62 0.00 61,468,000.00 2A 0.00 0.00 635,379.23 0.00 447,807,524.44 3A 0.00 0.00 156,005.34 0.00 47,834,086.18 X-1 0.00 0.00 194,136.82 0.00 86,044,636.25 X-2A 0.00 0.00 222,116.41 0.00 183,613,498.42 X-2B 0.00 0.00 390,121.94 0.00 264,194,026.02 X-B 0.00 0.00 12,575.24 0.00 9,069,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 15,592.10 0.00 9,069,000.00 B-2 0.00 0.00 17,096.63 0.00 5,505,000.00 B-3 0.00 0.00 12,068.58 0.00 3,886,000.00 B-4 0.00 0.00 5,024.95 0.00 1,618,000.00 B-5 0.00 0.00 3,012.49 0.00 970,000.00 B-6 0.00 0.00 7,162.65 0.00 2,306,324.82 - ------- ---- ---- ------------ ---- -------------- Totals 0.00 0.00 1,885,575.23 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 Original Face Certificate Certificate/ Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------- ------------ ---------- ---------------- -------- ----------- ----------- 1-A1 50,000,000.00 1.51813% 605.58031080 0.76612460 0.00000000 0.00000000 1-A2 61,468,000.00 3.45500% 1000.00000000 2.87916672 0.00000000 0.00000000 2A 463,097,000.00 1.68813% 975.29590883 1.37202191 0.00000000 0.00000000 3A 49,973,000.00 3.90971% 958.16724411 3.12179257 0.00000000 0.00000000 X-1 0.00 2.53917% 823.07940880 1.74161786 0.00000000 0.00000000 X-2A 0.00 1.44202% 981.26578872 1.17917429 0.00000000 0.00000000 X-2B 0.00 1.75452% 971.20277901 1.41999775 0.00000000 0.00000000 X-B 0.00 1.66366% 1000.00000000 1.38637998 0.00000000 0.00000000 A-R 100.00 5.37347% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 2.06313% 1000.00000000 1.71927445 0.00000000 0.00000000 B-2 5,505,000.00 3.72679% 1000.00000000 3.10565486 0.00000000 0.00000000 B-3 3,886,000.00 3.72679% 1000.00000000 3.10565620 0.00000000 0.00000000 B-4 1,618,000.00 3.72679% 1000.00000000 3.10565513 0.00000000 0.00000000 B-5 970,000.00 3.72679% 1000.00000000 3.10565979 0.00000000 0.00000000 B-6 2,306,324.82 3.72679% 1000.00000000 3.10565534 0.00000000 0.00000000
Remaining Non-Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- ----------- ---------- -------------- ----------- ------------------ 1-A1 0.00000000 0.00000000 0.76612460 0.00000000 491.53272500 1-A2 0.00000000 0.00000000 2.87916672 0.00000000 1000.00000000 2A 0.00000000 0.00000000 1.37202191 0.00000000 966.98429150 3A 0.00000000 0.00000000 3.12179257 0.00000000 957.19861085 X-1 0.00000000 0.00000000 1.74163724 0.00000000 771.92231178 X-2A 0.00000000 0.00000000 1.17918257 0.00000000 974.77640995 X-2B 0.00000000 0.00000000 1.42000772 0.00000000 961.64177993 X-B 0.00000000 0.00000000 1.38661815 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.71927445 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.10565486 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.10565620 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 3.10565513 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 3.10565979 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 3.10565534 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 11,676,707.85 Liquidations, Insurance Proceeds, Reserve Funds 8.62 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 11,676,716.47 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 191,271.39 Payment of Interest and Principal 11,485,445.08 ------------- Total Withdrawals (Pool Distribution Amount) 11,676,716.47 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 186,661.58 Master Servicing Fee 4,609.81 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 191,271.39 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance --------------------------------- --------- ----------- -------- ------- Class X-1 Basis Risk Reserve Fund 2,500.00 2.16 2.16 2,500.00 Class X-2 Basis Risk Reserve Fund 5,000.00 4.31 4.31 5,000.00 Class X-B Basis Risk Reserve Fund 2,500.00 2.16 2.16 2,500.00
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 c 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% 0.063492% 0.036119%
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 647,892,324.82 99.99998457% 605,040,571.69 100.00000000% 96.140040% 0.000000% Class 1-A-1 597,892,324.82 92.28265402% 580,463,935.44 95.93801847% 4.061982% 105.233769% Class 1-A-2 536,424,324.82 82.79527654% 518,995,935.44 85.77869976% 10.159319% 263.197504% Class 2A 73,327,324.82 11.31782407% 71,188,411.00 11.76589048% 74.012809% 1,917.450099% Class 3A 23,354,324.82 3.60466089% 23,354,324.82 3.85996013% 7.905930% 204.818964% Class X-1 23,354,324.82 3.60466089% 23,354,324.82 3.85996013% 0.000000% 0.000000% Class B-1 14,285,324.82 2.20489147% 14,285,324.82 2.36105238% 1.498908% 38.832208% Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.45119604% 0.909856% 23.571651% Class B-3 4,894,324.82 0.75542245% 4,894,324.82 0.80892506% 0.642271% 16.639316% Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.54150498% 0.267420% 6.928053% Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.38118515% 0.160320% 4.153406% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.381185% 9.875365%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 126,045.00 0.01945462% 126,045.00 0.02083249% Fraud 19,436,773.00 3.00000004% 19,436,773.00 3.21247432% Special Hazard 15,500,000.00 2.39237247% 15,500,000.00 2.56181167%
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 0.00 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 0.00 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 3
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 0.00 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 0.00 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 4.054737% Weighted Average Net Coupon 3.690307% Weighted Average Pass-Through Rate 3.681307% Weighted Average Maturity (Stepdown Calculation) 327 Beginning Scheduled Collateral Loan Count 1,575 Number of Loans Paid in Full 18 Ending Scheduled Collateral Loan Count 1,557 Beginning Scheduled Collateral Balance 614,640,441.54 Ending Scheduled Collateral Balance 605,040,571.69 Ending Actual Collateral Balance at 29-Nov-2002 605,040,995.35 Monthly P&I Constant 2,078,215.31 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,412,905.97 Ending Scheduled Balance for Premium Loans 605,040,571.69 Scheduled Principal 1,377.33 Unscheduled Principal 9,598,492.52
MISCELLANEOUS REPORTING One Month Libor Loan Balance 190,704,553.79 Six Month Libor Loan Balance 413,975,109.00 Pro Rata Senior Percent 96.200327% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 3 TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.613954 3.710478 4.293705 4.054737 Weighted Average Net Rate 5.363954 3.323766 3.918705 3.690307 Pass-Through Rate 5.354954 3.314766 3.909705 3.681307 Weighted Average Maturity 351 318 355 327 Record Date 11/29/2002 11/29/2002 11/29/2002 11/29/2002 Principal and Interest Constant 449,915.05 1,450,185.06 178,115.20 2.078,215.31 Beginning Loan Count 187 1,240 148 1,575 Loans Paid in Full 9 9 0 18 Ending Loan Count 178 1,231 148 1,557 Beginning Scheduled Balance 95,910,298.43 468,950,697.23 49,779,445.88 614,640,441.54 Ending Scheduled Balance 90,207,919.14 465,101,612.18 49,731,040.37 605,040,571.69 Scheduled Principal 1,218.41 158.92 0.00 1,377.33 Unscheduled Principal 5,701,160.88 3,848,926.13 48,405.51 9,598,492.52 Scheduled Interest 448,696.64 1,450,026.14 178,115.20 2,076,837.98 Servicing Fee 19,981.31 151,124.19 15,556.08 186,661.58 Master Servicing Fee 719.33 3,517.13 373.35 4,609.81 Trustee Fee 0.00 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 Net Interest 427,996.00 1,295,384.82 162,185.77 1,885,566.59 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00