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EX-10.1 3 f95106fexv10w1.htm EXHIBIT 10.1 exv10w1

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) ###-###-####
	Fax:	(301) ###-###-####

SMT SERIES 2003-1
Record Date: October 31, 2003
Distribution Date: November 20, 2003

Certificateholder Distribution Summary


			Certificate					Beginning
			Class		Certificate Pass-			Certificate		Interest
Class		CUSIP	Description		Through Rate			Balance		Distribution

	1A	81743PAA4	SEN			1.50000	%		726,436,888.47		908,046.11
	2A	81743PAB2	SEN			1.59000	%		175,083,805.85		231,986.04
X-1A		81743PAC0	IO			0.90457	%		0.00		124,587.79
X-1B		81743PAD8	IO			1.10643	%		0.00		517,400.47
	X-2	81743PAE6	IO			1.02870	%		0.00		150,089.98
	X-B	81743PAF3	IO			0.57169	%		0.00		7,577.25
	A-R	81743PAG1		R		2.74551	%		0.00		0.00
	B-1	81743PAH9	SUB			2.00000	%		15,905,000.00		26,508.33
	B-2	81743PAJ5	SUB			2.57169	%		8,210,000.00		17,594.63
	B-3	81743PAK2	SUB			2.57169	%		5,644,000.00		12,095.51
	B-4	SEQ0301B4	SUB			2.57169	%		2,565,000.00		5,496.98
	B-5	SEQ0301B5	SUB			2.57169	%		1,539,000.00		3,298.19
	B-6	SEQ0301B6	SUB			2.57169	%		4,105,618.00		8,798.64

Totals									939,489,312.32		2,013,479.92

[Additional columns below]

[Continued from above table, first column(s) repeated]


		Principal		Current		Ending Certificate		Total		Cumulative
Class		Distribution		Realized Loss		Balance		Distribution		Realized Loss

1A			11,171,943.59		0.00		715,264,944.88		12,079,989.70		0.00
2A			1,259,286.34		0.00		173,824,519.51		1,491,272.38		0.00
X-1A			0.00		0.00		0.00		124,587.79		0.00
X-1B			0.00		0.00		0.00		517,400.47		0.00
	X-2		0.00		0.00		0.00		150,089.98		0.00
	X-B		0.00		0.00		0.00		7,577.25		0.00
	A-R		0.00		0.00		0.00		0.00		0.00
	B-1		0.00		0.00		15,905,000.00		26,508.33		0.00
	B-2		0.00		0.00		8,210,000.00		17,594.63		0.00
	B-3		0.00		0.00		5,644,000.00		12,095.51		0.00
	B-4		0.00		0.00		2,565,000.00		5,496.98		0.00
	B-5		0.00		0.00		1,539,000.00		3,298.19		0.00
	B-6		0.00		0.00		4,105,618.00		8,798.64		0.00

Totals			12,431,229.93		0.00		927,058,082.39		14,444,709.85		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		798,206,000.00		726,436,888.47		63.33		11,171,880.26		0.00		0.00
	2A		190,000,000.00		175,083,805.85		61.56		1,259,224.78		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		15,905,000.00		15,905,000.00		0.00		0.00		0.00		0.00
	B-2		8,210,000.00		8,210,000.00		0.00		0.00		0.00		0.00
	B-3		5,644,000.00		5,644,000.00		0.00		0.00		0.00		0.00
	B-4		2,565,000.00		2,565,000.00		0.00		0.00		0.00		0.00
	B-5		1,539,000.00		1,539,000.00		0.00		0.00		0.00		0.00
	B-6		4,105,618.00		4,105,618.00		0.00		0.00		0.00		0.00

Totals			1,026,174,718.00		939,489,312.32		124.89		12,431,105.04		0.00		0.00

[Additional columns below]

[Continued from above table, first column(s) repeated]


		Total Principal		Ending Certificate		Ending Certificate		Total Principal
Class		Reduction		Balance		Percentage		Distribution

	1A		11,171,943.59		715,264,944.88		0.89609066		11,171,943.59
	2A		1,259,286.34		173,824,519.51		0.91486589		1,259,286.34
	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		15,905,000.00		1.00000000		0.00
	B-2		0.00		8,210,000.00		1.00000000		0.00
	B-3		0.00		5,644,000.00		1.00000000		0.00
	B-4		0.00		2,565,000.00		1.00000000		0.00
	B-5		0.00		1,539,000.00		1.00000000		0.00
	B-6		0.00		4,105,618.00		1.00000000		0.00

Totals			12,431,229.93		927,058,082.39		0.90341154		12,431,229.93

(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		798,206,000.00		910.08698064		0.00007934		13.99623689		0.00000000		0.00000000
	2A		190,000,000.00		921.49371500		0.00032400		6.62749884		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-2		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		15,905,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-2		8,210,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-3		5,644,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-4		2,565,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-5		1,539,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-6		4,105,618.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000

[Additional columns below]

[Continued from above table, first column(s) repeated]


		Total Principal		Ending Certificate		Ending Certificate		Total Principal
Class		Reduction		Balance		Percentage		Distribution

	1A		13.99631623		896.09066441		0.89609066		13.99631623
	2A		6.62782284		914.86589216		0.91486589		6.62782284
X-1A			0.00000000		0.00000000		0.00000000		0.00000000
X-1B			0.00000000		0.00000000		0.00000000		0.00000000
	X-2		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


							Beginning				Payment of				Non-
							Certificate/		Current		Unpaid		Current		Supported
		Original Face		Current			Notional		Accrued		Interest		Interest		Interest		Realized
Class		Amount		Certificate Rate			Balance		Interest		Shortfall		Shortfall		Shortfall		Loss (4)

	1A		798,206,000.00		1.50000	%		726,436,888.47		908,046.11		0.00		0.00		0.00		0.00
	2A		190,000,000.00		1.59000	%		175,083,805.85		231,986.04		0.00		0.00		0.00		0.00
X-1A			0.00		0.90457	%		165,277,665.15		124,587.79		0.00		0.00		0.00		0.00
X-1B			0.00		1.10643	%		561,159,224.31		517,400.47		0.00		0.00		0.00		0.00
	X-2		0.00		1.02870	%		175,083,805.85		150,089.98		0.00		0.00		0.00		0.00
	X-B		0.00		0.57169	%		15,905,000.00		7,577.25		0.00		0.00		0.00		0.00
	A-R		100.00		2.74551	%		0.00		0.00		0.00		0.00		0.00		0.00
	B-1		15,905,000.00		2.00000	%		15,905,000.00		26,508.33		0.00		0.00		0.00		0.00
	B-2		8,210,000.00		2.57169	%		8,210,000.00		17,594.63		0.00		0.00		0.00		0.00
	B-3		5,644,000.00		2.57169	%		5,644,000.00		12,095.51		0.00		0.00		0.00		0.00
	B-4		2,565,000.00		2.57169	%		2,565,000.00		5,496.98		0.00		0.00		0.00		0.00
	B-5		1,539,000.00		2.57169	%		1,539,000.00		3,298.19		0.00		0.00		0.00		0.00
	B-6		4,105,618.00		2.57169	%		4,105,618.00		8,798.64		0.00		0.00		0.00		0.00

Totals			1,026,174,718.00							2,013,479.92		0.00		0.00		0.00		0.00

[Additional columns below]

[Continued from above table, first column(s) repeated]


				Remaining
				Unpaid		Ending Certificate/
		Total Interest		Interest		Notational
Class		Distribution		Shortfall		Balance

	1A		908,046.11		0.00		715,264,944.88
	2A		231,986.04		0.00		173,824,519.51
X-1A			124,587.79		0.00		163,895,317.39
X-1B			517,400.47		0.00		551,369,628.48
	X-2		150,089.98		0.00		173,824,519.51
	X-B		7,577.25		0.00		15,905,000.00
	A-R		0.00		0.00		0.00
	B-1		26,508.33		0.00		15,905,000.00
	B-2		17,594.63		0.00		8,210,000.00
	B-3		12,095.51		0.00		5,644,000.00
	B-4		5,496.98		0.00		2,565,000.00
	B-5		3,298.19		0.00		1,539,000.00
	B-6		8,798.64		0.00		4,150,618.00

Totals			2,013,479.92		0.00

(4)

Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description.

Interest Distribution Factors Statement


											Payment of				Non-
				Current			Beginning				Unpaid		Current		Supported
		Original Face		Certificate			Certificate/		Current Accrued		Interest		Interest		Interest		Realized
Class (5)		Amount		Rate			Notional Balance		Interest		Shortfall		Shortfall		Shortfall		Loss (6)

	1A		798,206,000.00		1.50000	%		910.08698064		1.13760873		0.00000000		0.00000000		0.00000000		0.00000000
	2A		190,000,000.00		1.59000	%		921.49371500		1.22097916		0.00000000		0.00000000		0.00000000		0.00000000
X-1A			0.00		0.90457	%		902.27829079		0.68014549		0.00000000		0.00000000		0.00000000		0.00000000
X-1B			0.00		1.10643	%		912.41269833		0.84126347		0.00000000		0.00000000		0.00000000		0.00000000
	X-2		0.00		1.02870	%		921.49371500		0.78994726		0.00000000		0.00000000		0.00000000		0.00000000
	X-B		0.00		0.57169	%		1000.00000000		0.47640679		0.00000000		0.00000000		0.00000000		0.00000000
	A-R		100.00		2.74551	%		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-1		15,905,000.00		2.00000	%		1000.00000000		1.66666646		0.00000000		0.00000000		0.00000000		0.00000000
	B-2		8,210,000.00		2.57169	%		1000.00000000		2.14307308		0.00000000		0.00000000		0.00000000		0.00000000
	B-3		5,644,000.00		2.57169	%		1000.00000000		2.14307406		0.00000000		0.00000000		0.00000000		0.00000000
	B-4		2,565,000.00		2.57169	%		1000.00000000		2.14307212		0.00000000		0.00000000		0.00000000		0.00000000
	B-5		1,539,000.00		2.57169	%		1000.00000000		2.14307342		0.00000000		0.00000000		0.00000000		0.00000000
	B-6		4,105,618.00		2.57169	%		1000.00000000		2.14307322		0.00000000		0.00000000		0.00000000		0.00000000

[Additional columns below]

[Continued from above table, first column(s) repeated]


				Remaining
				Unpaid
		Total Interest		Interest		Ending Certificate/
Class (5)		Distribution		Shortfall		Notational Balance

	1A		1.13760873		0.00000000		896.09066441
	2A		1.22097916		0.00000000		914.86589216
X-1A			0.68014549		0.00000000		894.73183047
X-1B			0.84126347		0.00000000		896.49537726
	X-2		0.78994726		0.00000000		914.86589216
	X-B		0.47640679		0.00000000		1000.00000000
	A-R		0.00000000		0.00000000		0.000000000
	B-1		1.66666646		0.00000000		1000.00000000
	B-2		2.14307308		0.00000000		1000.00000000
	B-3		2.14307406		0.00000000		1000.00000000
	B-4		2.14307212		0.00000000		1000.00000000
	B-5		2.14307342		0.00000000		1000.00000000
	B-6		2.14307322		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	14,746,634.55
	Liquidations, Insurance Proceeds, Reserve Funds	0.00
	Proceeds from Repurchased Loans	0.00
	Other Amounts (Servicer Advances)	1,130.92
	Realized Losses	0.00
	Prepayment Penalties	0.00

Total Deposits		14,747,765.47
Withdrawals
	Reimbursement for Servicer Advances	0.00
	Payment of Service Fee	303,055.61
	Payment of Interest and Principal	14,444,709.86

Total Withdrawals (Pool Distribution Amount)		14,747,765.47
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			295,226.53
Master Servicing Fee			7,829.08
Supported Prepayment/Curtailment Interest Shortfall			0.00

Net Servicing Fee			303,055.61


	Beginning		Current		Current		Ending
Account Type	Balance		Withdrawals		Deposits		Balance

Class X-1 Reserve Fund Sub Account		5,000.00		0.00		0.00		5,000.00
Class X-2 Reserve Fund Sub Account		2,500.00		0.00		0.00		2,500.00
Class X-B Reserve Fund Sub Account		2,500.00		0.00		0.00		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		2		501,142.31	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

		2		501,142.31			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		0.075672	%		0.054057	%	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	%

		0.075672	%		0.054057	%			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		2		501,142.31
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			2		501,142.31


	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		0.075672	%		0.054057	%
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	%			0.075672	%		0.054057	%


Current Period Class A Insufficient Funds:			0.00			Principal Balance of Contaminated Properties					0.00			Periodic Advance 1,130.92


	Original $		Original%			Current $		Current %			Current Class %			Prepayment %

Class A		1,026,174,618.00		99.99999026	%		927,058,082.39		100.00000000	%		95.904397	%		0.000000	%
Class 1A		227,968,618.00		22.21538048	%		211,793,137.51		22.84572472	%		77.154275	%		1,883.831918	%
Class 2A		37,968,618.00		3.70001495	%		37,968,618.00		4.09560293	%		18.750122	%		457.811026	%
Class X-2		37,968,618.00		3.70001495	%		37,968,618.00		4.09560293	%		0.000000	%		0.000000	%
Class B-1		22,063,618.00		2.15008396	%		22,063,618.00		2.37996070	%		1.715642	%		41.889858	%
Class B-2		13,853,618.00		1.35002527	%		13,853,618.00		1.49436354	%		0.885597	%		21.623120	%
Class B-3		8,209,618.00		0.80002146	%		8,209,618.00		0.88555595	%		0.608808	%		14.864908	%
Class B-4		5,644,618.00		0.55006403	%		5,644,618.00		0.60887426	%		0.276682	%		6.755579	%
Class B-5		4,105,618.00		0.40008957	%		4,105,618.00		0.44286524	%		0.166009	%		4.053347	%
Class B-6		0.00		0.00000000	%		0.00		0.00000000	%		0.442865	%		10.813188	%

Please refer to the prospectus supplement for a full description of loss exposure

Delinquency Status By Group

Pool 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		2		501,142.31	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

		2		501,142.31			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		0.094922	%		0.067183	%	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	%

		0.094922	%		0.067183	%			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		2		501,142.31
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			2		501,142.31


	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		0.094922	%		0.067183	%
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	%			0.094922	%		0.067183	%

Pool 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		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	%

Collateral Statement


Collateral Description	Mixed Arm
Weighted Average Gross Coupon		2.958887	%
Weighted Average Net Coupon		2.581797	%
Weighted Average Pass-Through Rate		2.571797	%
Weighted Average Maturity (Stepdown Calculation)		318
Beginning Scheduled Collateral Loan Count		2,668
Number of Loans Paid in Full		25
Ending Scheduled Collateral Loan Count		2,643
Beginning Scheduled Collateral Balance		939,489,312.32
Ending Scheduled Collateral Balance		927,058,082.39
Ending Actual Collateral Balance at 31-Oct-2003		927,058,672.80
Monthly P&I Constant		2,316,660.43
Special Servicing Fee		0.00
Prepayment Penalties		0.00
Realization Loss Amount		0.00
Cumulative Realized Loss		0.00
Class A Optimal Amount		14,363,340.32
Ending Scheduled Balance for Premium Loans		927,058,082.39
Scheduled Principal		124.89
Unscheduled Principal		12,431,105.04

Miscellaneous Reporting


Cap Agreement Deposit – 1 month Libor Loan			0
Cap Agreement Deposit – 6 month Libor Loan			0


Group	1		2		Total
Collateral Description	Mixed ARM		6 Month LIBOR ARM		Mixed ARM
Weighted Average Coupon Rate		2.948093		3.003696		2.958887
Weighted Average Net Rate		2.570499		2.628696		2.581797
Pass-Through Rate		2.560499		2.618696		2.571797
Weighted Average Maturity		316		324		318
Record Date		10/31/2003		10/31/2003		10/31/2003
Principal and Interest Constant		1,860,078.04		456,582.39		2,316,660.43
Beginning Loan Count		2,126		542		2,668
Loans Paid in Full		19		6		25
Ending Loan Count		2,107		536		2,643
Beginning Scheduled Balance		757,105,664.47		182,383,647.85		939,489,312.32
Ending Scheduled Balance		745,933,720.88		181,124,361.51		927,058,082.39
Scheduled Principal		63.33		61.56		124.89
Unscheduled Principal		11,171,880.26		1,259,224.78		12,431,105.04
Scheduled Interest		1,860,014.71		456,520.83		2,316,535.54
Servicing Fee		238,231.64		56,994.89		295,226.53
Master Servicing Fee		6,309.21		1,519.87		7,829.08
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		1,615,473.86		398,006.07		2,013,479.33
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 Pool 1
One Month Libor Loan Balance	170,922,739.39
Six Month Libor Loan Balance	575,010,981.49
Senior Percent	100.000000	%
Senior Prepayment Percent	100.000000	%
Subordinate Percent	0.000000	%
Subordinate Prepayment Percent	0.000000	%
Group Pool 2
Six Month Libor Loan Balance	181,124,361.51
Senior Percent	100.000000	%
Senior Prepayment Percent	100.000000	%
Subordinate Percent	0.000000	%
Subordinate Prepayment Percent	0.000000	%