Sequoia Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 9 (the Certificates)
EX-10.1 3 f86678aexv10w1.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: SEPTEMBER 31, 2002 DISTRIBUTION DATE: NOVEMBER 20, 2002 CERTIFICATEHOLDER DISTRIBUTION SUMMARY Certificate Beginning Class Certificate Certificate Interest Principal Current Realized Class CUSIP Description Pass-Through Rate Balance Distribution Distribution Loss ----- ----- ----------- ----------------- ------- ------------ ------------ ---- 1A 81743SAA8 SEN 2.18000% 379,476,352.81 689,382.04 1,635,630.67 0.00 2A 81743SAB6 SEN 3.61749% 164,626,527.44 496,278.66 1,694,517.49 0.00 X-1A 81743SAC4 IO 1.02904% 0.00 174,421.63 0.00 0.00 X-1B 81743SAD2 IO 1.17180% 0.00 171,944.39 0.00 0.00 X-B 81743SAE0 IO 0.80024% 0.00 5,141.84 0.00 0.00 A-R 81743SAF7 SEN 3.31474% 0.00 0.00 0.00 0.00 B-1 81743SAG5 SUB 2.58000% 7,702,000.00 16,559.30 0.00 0.00 B-2 81743SAH3 SUB 3.38024% 4,564,000.00 12,856.19 0.00 0.00 B-3 81743SAJ9 SUB 3.38024% 3,424,000.00 9,644.96 0.00 0.00 B-4 SMT0209B4 SUB 3.38024% 1,426,000.00 4,016.85 0.00 0.00 B-5 SMR0209B5 SUB 3.38024% 856,000.00 2,411.24 0.00 0.00 B-6 SMT0209B6 SUB 3.38024% 1,997,086.78 5,625.53 0.00 0.00 -------------- ------------ ------------ ---- Totals 564,071,967.03 1,588,282.63 3,330,148.16 0.00
Ending Certificate Total Cumulative Class Balance Distribution Realized Loss ----- ------- ------------ ------------- 1A 377,840,722.14 2,325,012.71 0.00 2A 162,932,009.95 2,190,796.15 0.00 X-1A 0.00 174,421.63 0.00 X-1B 0.00 171,944.39 0.00 X-B 0.00 5,141.84 0.00 A-R 0.00 0.00 0.00 B-1 7,702,000.00 16,559.30 0.00 B-2 4,564,000.00 12,856.19 0.00 B-3 3,424,000.00 9,644.96 0.00 B-4 1,426,000.00 4,016.85 0.00 B-5 856,000.00 2,411.24 0.00 B-6 1,997,086.78 5,625.53 0.00 -------------- ------------ ---- Totals 560,741,818.87 4,918,430.79 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 381,698,000.00 379,476,352.81 1.06 1,635,629.61 0.00 0.00 2A 168,875,000.00 164,626,527.44 147.07 1,694,370.42 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 570,533,186.78 564,071,967.03 148.13 3,330,000.03 0.00 0.00
Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution ----- --------- ------- ---------- ------------ 1A 1,635,630.67 377,840,722.14 0.98991777 1,635,630.67 2A 1,694,517.49 162,932,009.95 0.96480835 1,694,517.49 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 3,330,148.16 560,741,818.87 0.98283821 3,330,148.16
(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 381,698,000.00 994.20301033 0.00000000 4.28524168 0.00000000 0.00000000 2A 168,875,000.00 974.84250150 0.00000000 10.03328154 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 Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution ----- --------- ------- ---------- ------------ 1A 4.28524445 989.91776588 0.98991777 4.28524445 2A 10.03415242 964.80834907 0.96480835 10.03415242 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 Beginning Unpaid Current Current Certificate/ Current Accrued Interest Interest Class Original Face Amount Certificate Rate Notional Balance Interest Shortfall Shortfall ----- -------------------- ---------------- ---------------- -------- --------- --------- 1A 381,698,000.00 2.18000% 379,476,352.81 689,382.04 0.00 0.00 2A 168,875,000.00 3.61749% 164,626,527.44 496,278.66 0.00 0.00 X-1A 0.00 1.02904% 203,396,159.35 174,418.81 0.00 0.00 X-1B 0.00 1.17180% 176,080,193.46 171.941.60 0.00 0.00 X-B 0.00 0.80024% 7,702,000.00 5,136.22 0.00 0.00 A-R 100.00 3.31474% 0.00 0.00 0.00 0.00 B-1 7,702,000.00 2.58000% 7,702,000.00 16,559.30 0.00 0.00 B-2 4,564,000.00 3.38024% 4,564,000.00 12,856.19 0.00 0.00 B-3 3,424,000.00 3.38024% 3,424,000.00 9,644.96 0.00 0.00 B-4 1,426,000.00 3.38024% 1,426,000.00 4,016.85 0.00 0.00 B-5 856,000.00 3.38024% 856,000.00 2,411.24 0.00 0.00 B-6 1,997,086.78 3.38024% 1,997,086.78 5,625.53 0.00 0.00 -------------- ------- ------------ ------------ ---- ---- Totals 570,533,186.78 1,588,271.40 0.00 0.00
Remaining Non-Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class Shortfall Loss (4) Distribution Shortfall Notational Balance ----- --------- -------- ------------ --------- ------------------ 1A 0.00 0.00 689,382.04 0.00 377,840,722.14 2A 0.00 0.00 496,278.66 0.00 162,932,009.95 X-1A 0.00 0.00 174,421.63 0.00 202,100,760.47 X-1B 0.00 0.00 171,944.39 0.00 175,739,961.67 X-B 0.00 0.00 5,141.84 0.00 7,702,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 16,559.30 0.00 7,702,000.00 B-2 0.00 0.00 12,856.19 0.00 4,564,000.00 B-3 0.00 0.00 9,644.96 0.00 3,424,000.00 B-4 0.00 0.00 4,016.85 0.00 1,426,000.00 B-5 0.00 0.00 2,411.24 0.00 856,000.00 B-6 0.00 0.00 5,625.53 0.00 1,997,086.78 ---- ---- ------------ ---- ------------ Totals 0.00 0.00 1,588,282.63 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 Beginning Unpaid Current Current Certificate/ Current Accrued Interest Interest Class (5) Original Face Amount Certificate Rate Notional Balance Interest Shortfall Shortfall - -------- -------------------- ---------------- ---------------- -------- --------- --------- 1A 381,698,000.00 2.18000% 994.20301033 1.80613547 0.00000000 0.00000000 2A 168,875,000.00 3.61749% 974.84250150 2.93873374 0.00000000 0.00000000 X-1A 0.00 1.02904% 998.18276704 0.85597413 0.00000000 0.00000000 X-1B 0.00 1.17180% 989.64517941 0.96638453 0.00000000 0.00000000 X-B 0.00 0.80024% 1000.00000000 0.66686835 0.00000000 0.00000000 A-R 100.00 3.31474% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 2.58000% 1000.00000000 2.15000000 0.00000000 0.00000000 B-2 4,564,000.00 3.38024% 1000.00000000 2.81686897 0.00000000 0.00000000 B-3 3,424,000.00 3.38024% 1000.00000000 2.81686916 0.00000000 0.00000000 B-4 1,426,000.00 3.38024% 1000.00000000 2.81686536 0.00000000 0.00000000 B-5 856,000.00 3.38024% 1000.00000000 2.81686916 0.00000000 0.00000000 B-6 1,997,086.78 3.38024% 1000.00000000 2.81686808 0.00000000 0.00000000
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 1.80613547 0.00000000 989.91776588 2A 0.00000000 0.00000000 2.93873374 0.00000000 964.80834907 X-1A 0.00000000 0.00000000 0.85598797 0.00000000 991.82549440 X-1B 0.00000000 0.00000000 0.96640021 0.00000000 987.73293281 X-B 0.00000000 0.00000000 0.66759803 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 2.15000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.81686897 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.81686916 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.81686536 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.81686916 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.81686808 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 5,092,088.10 Liquidations, Insurance Proceeds, Reserve Funds 11.24 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7,053.24 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 5,099,152.58 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 180,721.79 Payment of Interest and Principal 4,918,430.79 ------------ Total Withdrawals (Pool Distribution Amount) 5,099,152.58 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 176,491.26 Master Servicing Fee 4,230.53 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 180,721.79 ==========
Ending Account Type Beginning Balance Current Withdrawals Current Deposits Balance ------------ ----------------- ------------------- ---------------- ------- X-1 Basis Risk Reserve Fund 5,000.00 5.62 5.62 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 5.62 5.62 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 6 2,617,261.51 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 2,617,261.51 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 0.399467% 0.466751% 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% -------- -------- -------- -------- -------- -------- 0.399467% 0.466751% 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 6 2,617,261.51 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 2,617,261.51 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 0.399467% 0.466751% 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% 0.399467% 0.466751%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7,053.24
Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 570,533.086.78 99.99998247% 560,741,818.87 100.00000000% 96.438809% 0.000000% Class 1A 188,844,086.78 33.09957968% 182,901,096.73 32.61770222% 67.382298% 1,892.128199% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.56119093% 29.056511% 815.921187% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.18765328% 1.373538% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.37373146% 0.813922% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.76311176% 0.610620% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.50880578% 0.254306% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.35615085% 0.152655% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.356151% 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 0.01783352% Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.05238443% Special Hazard 6,000,000.00 1.05164785% 5,999,500.00 1.06992199%
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 3 1,084,391.56 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 -- ------------ -- ---- -- ---- 3 1,084,391.56 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 0.294695% 0.276853% 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% -------- -------- -------- -------- -------- -------- 0.294695% 0.276853% 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 3 1,084,391.56 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 3 1,084,391.56 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 0.294695% 0.276853% 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% 0.294695% 0.276853%
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 3 1,532,869.95 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 -- ------------ -- ---- -- ---- 3 1,532,869.95 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 0.619835% 0.906726% 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% -------- -------- -------- -------- -------- -------- 0.619835% 0.906726% 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 3 1,532,869.95 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 3 1,532,869.95 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 0.619835% 0.906726% 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% 0.619835% 0.906726%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.763335% Weighted Average Net Coupon 3.387870% Weighted Average Pass-Through Rate 3.378870% Weighted Average Maturity (Stepdown Calculation) 330 Beginning Scheduled Collateral Loan Count 1,509 Number of Loans Paid in Full 7 Ending Scheduled Collateral Loan Count 1,502 Beginning Scheduled Collateral Balance 564,071,967.04 Ending Scheduled Collateral Balance 560,741,818.88 Ending Actual Collateral Balance at 30-Sept-2002 560,740,254.12 Monthly P&I Constant 1,769,141.32 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,862,169.27 Ending Scheduled Balance for Premium Loans 560,741,818.88 Scheduled Principal 148.13 Unscheduled Principal 3,330,000.03
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.459834% 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 3.659946 4.001487 3.763335 Weighted Average Net Rate 3.284279 3.626487 3.387870 Pass-Through Rate 3.275279 3.617487 3.378870 Weighted Average Maturity 314 356 330 Record Date 10/31/2002 10/31/2002 10/31/2002 Principal and Interest Constant 1,199,610.84 569,530.48 1,769,141.32 Beginning Loan Count 1,022 487 1,509 Loans Paid in Full 4 3 7 Ending Loan Count 1,018 484 1,502 Beginning Scheduled Balance 393,320,439.60 170,751,527.44 564,071,967.04 Ending Scheduled Balance 391,684,808.93 169,057,009.95 560,741,818.88 Scheduled Principal 1.06 147.07 148.13 Unscheduled Principal 1,635,629.61 1,694,370.42 3,330,000.03 Scheduled Interest 1,199,609.78 569,383.41 1,768,993.19 Servicing Fee 123,131.41 53,359.85 176,491.26 Master Servicing Fee 2,949.89 1,280.64 4,230.53 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 1,073,528.48 514,742.92 1,588,271.40 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 209,505,733.79 Six Month LIBOR Loans 182,179,075.14
