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EX-10.1 3 f86822exv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2002-9 RECORD DATE: 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 81743SAA8 SEN 1.73813% 377,840,722.14 547,280.24 1,844,199.03 0.00 2A 81743SAB6 SEN 3.61546% 162,932,009.95 490,894.57 681,024.10 0.00 X-1A 81743SAC4 IO 1.37940% 0.00 232,316.13 0.00 0.00 X-1B 81743SAD2 IO 1.60769% 0.00 235,448.00 0.00 0.00 X-B 81743SAE0 IO 1.20574% 0.00 7,743.13 0.00 0.00 A-R 81743SAF7 SEN 3.31527% 0.00 0.00 0.00 0.00 B-1 81743SAG5 SUB 2.13813% 7,702,000.00 13,723.23 0.00 0.00 B-2 81743SAH3 SUB 3.34387% 4,564,000.00 12,717.84 0.00 0.00 B-3 81743SAJ9 SUB 3.34387% 3,424,000.00 9,541.17 0.00 0.00 B-4 SMT0209B4 SUB 3.34387% 1,426,000.00 3,973.63 0.00 0.00 B-5 SMR0209B5 SUB 3.34387% 856,000.00 2,385.29 0.00 0.00 B-6 SMT0209B6 SUB 3.34387% 1,997,086.78 5,564.99 0.00 0.00 -------------- ------------ ------------ ----- Totals 560,741,818.87 1,561,588.22 2,525,223.13 0.00
Certificate Ending Class Certificate Total Cumulative Class CUSIP Description Balance Distribution Realized Loss 1A 81743SAA8 SEN 375,996,523.11 2,391,479.27 0.00 2A 81743SAB6 SEN 162,250,985.85 1,171,918.67 0.00 X-1A 81743SAC4 IO 0.00 232,316.13 0.00 X-1B 81743SAD2 IO 0.00 235,448.0 0.00 X-B 81743SAE0 IO 0.00 7,743.13 0.00 A-R 81743SAF7 SEN 0.00 0.00 0.00 B-1 81743SAG5 SUB 7,702,000.00 13,723.23 0.00 B-2 81743SAH3 SUB 4,564,000.00 12,717.84 0.00 B-3 81743SAJ9 SUB 3,424,000.00 9,541.17 0.00 B-4 SMT0209B4 SUB 1,426,000.00 3,973.63 0.00 B-5 SMR0209B5 SUB 856,000.00 2,385.29 0.00 B-6 SMT0209B6 SUB 1,997,086.78 5,564.99 0.00 -------------- ------------ ---- Totals 558,216,595.74 4,086,811.35 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 381,698,000.00 377,840,772.14 0.00 1,844,199.03 0.00 0.00 2A 168,875,000.00 162,932,009.95 0.00 681,024.10 0.00 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 7,702,000.00 0.00 0.00 0.00 0.00 B-2 4,564,000.00 4,564,000.00 0.00 0.00 0.00 0.00 B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 0.00 B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 0.00 B-5 856,000.00 856,000.00 0.00 0.00 0.00 0.00 B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------ ---- ---- Totals 570,533,186.78 560,741,818.87 0.00 2,525,223.13 0.00 0.00
Ending Ending Total Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution 1A 1,844,199.03 375,996.523.11 0.98508609 1,844,199.03 2A 681,024.10 162,250,985.85 0.96077564 681,024.10 X-1A 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 7,702,000.00 1.00000000 0.00 B-2 0.00 4,564,000.00 1.00000000 0.00 B-3 0.00 3,424,000.00 1.00000000 0.00 B-4 0.00 1,426,000.00 1.00000000 0.00 B-5 0.00 856,000.00 1.00000000 0.00 B-6 0.00 1,997,086.78 1.00000000 0.00 ------------ -------------- ---------- ------------ Totals 2,525,223.13 558,216,595.74 0.97841214 2,525,223.13
(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 Class Amount Balance Distribution Distribution Accretion Loss (3) 1A 381,698,000.00 989.91776588 0.00000000 4.83167980 0.00000000 0.00000000 2A 168,875,000.00 964.80834907 0.00000000 4.03271118 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution 1A 4.83167980 985.08608608 0.98508609 4.83167980 2A 4.03271118 960.77563790 0.96077564 4.03271118 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Payment of Current Beginning Current Unpaid Original Face Certificate Certificate/ Accrued Interest Class Amount Rate Notional Balance Interest Shortfall 1A 381,698,000.00 1.73813% 377,840,722.14 547,280.25 0.00 2A 168,875,000.00 3.61546% 162,932,009.95 490,894.57 0.00 X-1A 0.00 1.37940% 202,100,760.47 232,313.99 0.00 X-1B 0.00 1.60769% 175,739,961.67 235,445.84 0.00 X-B 0.00 1.20574% 7,702,000.00 7,738.82 0.00 A-R 100.00 3.31527% 0.00 0.00 0.00 B-1 7,702,000.00 2.13813% 7,702,000.00 13,723.23 0.00 B-2 4,564,000.00 3.34387% 4,564,000.00 12,717.84 0.00 B-3 3,424,000.00 3.34387% 3,424,000.00 9,541.17 0.00 B-4 1,426,000.00 3.34387% 1,426,000.00 3,973.63 0.00 B-5 856,000.00 3.34387% 856,000.00 2,385.29 0.00 B-6 1,997,086.78 3.34387% 1,997,086.78 5,564.99 0.00 -------------- ------------ ---- Totals 570,533,186.78 1,561,579.62 0.00
Remaining Ending Current Non-Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance 1A 0.00 0.00 0.00 547,280.24 0.00 375,996,523.11 2A 0.00 0.00 0.00 490,894.57 0.00 162,250,985.85 X-1A 0.00 0.00 0.00 232,316.13 0.00 201,271,258.54 X-1B 0.00 0.00 0.00 235,448.00 0.00 174,725,264.57 X-B 0.00 0.00 0.00 7,743.13 0.00 7,702,000.00 A-R 0.00 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 0.00 13,723.23 0.00 7,702,000.00 B-2 0.00 0.00 0.00 12,717.84 0.00 4,564,000.00 B-3 0.00 0.00 0.00 9,541.17 0.00 3,424,000.00 B-4 0.00 0.00 0.00 3,973.63 0.00 1,426,000.00 B-5 0.00 0.00 0.00 2,385.29 0.00 856,000.00 B-6 0.00 0.00 0.00 5,564.99 0.00 1,997,086.78 ---- ---- ---- ------------ ---- Totals 0.00 0.00 0.00 1,561,588.22 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 1A 381,698,000.00 1.73813% 989.91776588 1.43383815 0.00000000 0.00000000 2A 168,875,000.00 3.61546% 964.80834907 2.90685164 0.00000000 0.00000000 X-1A 0.00 1.37940% 991.82549440 1.14009931 0.00000000 0.00000000 X-1B 0.00 1.60769% 987.73293281 1.32330523 0.00000000 0.00000000 X-B 0.00 1.20574% 1000.00000000 1.00478058 0.00000000 0.00000000 A-R 100.00 3.31527% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 2.13813% 1000.00000000 1.78177486 0.00000000 0.00000000 B-2 4,564,000.00 3.34387% 1000.00000000 2.78655565 0.00000000 0.00000000 B-3 3,424,000.00 3.34387% 1000.00000000 2.78655666 0.00000000 0.00000000 B-4 1,426,000.00 3.34387% 1000.00000000 2.78655680 0.00000000 0.00000000 B-5 856,000.00 3.34387% 1000.00000000 2.78655374 0.00000000 0.00000000 B-6 1,997,086.78 3.34387% 1000.00000000 2.78655392 0.00000000 0.00000000
INTEREST DISTRIBUTION FACTORS STATEMENT Remaining Non-Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance 1A 0.00000000 0.00000000 1.43383812 0.00000000 985.08608608 2A 0.00000000 0.00000000 2.90685164 0.00000000 960.77563790 X-1A 0.00000000 0.00000000 1.14010981 0.00000000 987.75464796 X-1B 0.00000000 0.00000000 1.32331737 0.00000000 982.02990583 X-B 0.00000000 0.00000000 1.00534017 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.78177486 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.78655565 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.78655666 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.78655680 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.78655374 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.78655392 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 4,255,916.52 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 8.62 Other Amounts (Servicer Advances) 10,542.36 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 4,266,467.50 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 179,656.15 Payment of Interest and Principal 4,086,811.35 ------------ Total Withdrawals (Pool Distribution Amount) 4,266,467.50 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 175,450.57 Master Servicing Fee 4,205.58 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 179,656.15 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance X-1 Basis Risk Reserve Fund 5,000.00 4.31 4.31 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 4.31 4.31 5,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 14 3,769,163.25 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 ----- ------------- ----- ------- ----- ------- 14 3,769,163.25 0 0.00 0 0.00
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 14 3,769,163.25 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 14 3,769,163.25
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 0.935204% 0.675221% 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% ------- -------- -------- -------- -------- -------- 0.935204% 0.675221% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.935204% 0.675221% 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% 0.935204% 0.675221%
Current Period Class Principal Balance of A Insufficient Funds: 0.00 Contaminated Properties 0.00 Periodic Advance 10,542.36
Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 570,533,086.78 99.99998247% 558,216,595.74 100.00000000% 96.422699% 0.000000% Class 1A 188,844,086.78 33.09957968% 182,220,072.63 32.64325604% 67.356744% 1,882.892930% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.57730081% 29.065955% 812.510795% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.19754964% 1.379751% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.37994586% 0.817604% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.76656388% 0.613382% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.51110748% 0.255456% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.35776199% 0.153345% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.357762% 10.000892%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % ---------- ---------- --------- --------- Bankruptcy 100,000.00 0.01752746% 100,000.00 0.01791419% Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.06619261% Special Hazard 6,000,000.00 1.05164785% 5,999,500.00 1.07476203%
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 6 2,014,382.49 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 ---- ------------ ---- ----- ----- ------ 6 2,014,382.49 0 0.00 0 0.00
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 6 2,014,382.49 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 6 2,014,382.49
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 0.591716% 0.516720% 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% -------- -------- --------- -------- -------- -------- 0.591716% 0.516720% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.591716% 0.516720% 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% 0.591716% 0.516720%
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 8 1,754,780.76 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 ---- ------------ ---- ----- ----- ------ 8 1,754,780.76 0 0.00 0 0.00
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 8 1,754,780.76 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 8 1,754,780.76
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 1.656315% 1.042207% 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% -------- -------- --------- -------- -------- -------- 1.656315% 1.042207% 0.000000% 0.000000% 0.000000% 0.000000%
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 1.656315% 1.042207% 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% 1.656315% 1.042207%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.726283% Weighted Average Net Coupon 3.350815% Weighted Average Pass-Through Rate 3.341815% Weighted Average Maturity (Stepdown Calculation) 329 Beginning Scheduled Collateral Loan Count 1,502 Number of Loans Paid in Full 5 Ending Scheduled Collateral Loan Count 1,497 Beginning Scheduled Collateral Balance 560,741,818.88 Ending Scheduled Collateral Balance 558,216,595.75 Ending Actual Collateral Balance at 29-Nov-2002 558,211,802.20 Monthly P&I Constant 1,741,235.73 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,031,157.76 Ending Scheduled Balance for Premium Loans 558,216,595.75 Scheduled Principal 0.00 Unscheduled Principal 2,525,223.13
MISCELLANEOUS REPORTING
Pro Rata Senior Percent 96.438809% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.608378 3.999456 3.726283 Weighted Average Net Rate 3.232708 3.624456 3.350815 Pass-Through Rate 3.223708 3.615456 3.341815 Weighted Average Maturity 313 355 329 Record Date 11/29/2002 11/29/2002 11/29/2002 Principal and Interest Constant 1,177,789.03 563,446.70 1,741,235.73 Beginning Loan Count 1,018 484 1,502 Loans Paid in Full 4 1 5 Ending Loan Count 1,014 483 1,497 Beginning Scheduled Balance 391,684,808.93 169,057,009.95 560,741,818.88 Ending Scheduled Balance 389,840,609.90 168,375,985.85 558,216,595.75 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 1,844,199.03 681,024.10 2,525,223.13 Scheduled Interest 1,177,789.03 563,446.70 1,741,235.73 Servicing Fee 122,620.26 52,830.31 175,450.57 Master Servicing Fee 2,937.65 1,267.93 4,205.58 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,052,231.12 509,348.46 1,561,579.58 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 208,682,009.97 Six Month LIBOR Loans 181,158,599.93