-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NVdf/MNh3LYCqhJCaDEczxTRRnFMxvSnKO9LWhphNSWQrdFSO8tzUKzT2+pSGSow fn1AiOYovb1CYLL9DkZWBg== 0000950149-02-001909.txt : 20020911 0000950149-02-001909.hdr.sgml : 20020911 20020911141255 ACCESSION NUMBER: 0000950149-02-001909 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020722 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020911 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA MORTGAGE FUNDING CORP CENTRAL INDEX KEY: 0001033146 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 911771827 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-22681 FILM NUMBER: 02761509 BUSINESS ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: STE 3120 CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153811765 MAIL ADDRESS: STREET 1: 591 REDWOOD HIGHWAY STREET 2: STE 3120 CITY: MILL VALLEY STATE: CA ZIP: 94941 8-K 1 f84381ae8vk.htm 8-K e8vk
Table of Contents

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

July 22, 2002
Date of Report (Date of Earliest Event Reported)

SEQUOIA MORTGAGE FUNDING CORPORATION
(as Depositor of Sequoia Mortgage Trust 7, the Issuer of Collateralized Mortgage
Bonds under an Indenture dated as of May 1, 2002)

SEQUOIA MORTGAGE FUNDING CORPORATION

(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   333-22681   91-1771827
 
 
(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

591 Redwood Highway, Suite 3120, Mill Valley, CA 94941

(Address of Principal Executive Offices)

(415) 381-1765

(Registrant’s Telephone Number,
Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Item 5. Other Events
Item 7(c) Exhibits
SIGNATURE
EXHIBIT INDEX
Exhibit 10.1

Table of Contents

INFORMATION TO BE INCLUDED IN THE REPORT

     
Item 5.   Other Events
 
    Sequoia Mortgage Funding Corporation has previously registered the offer and sale of Collateralized Mortgage Bonds issued by Sequoia Mortgage Trust 7 (the “Bonds”)
 
    The following exhibit which relates specifically to the Bonds is included with this Current Report:
     
Item 7(c)   Exhibits
             
      10.1     Monthly Payment Date Statement relating to the distribution to Bondholders, July 22, 2002.

 

Table of Contents

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: September 11, 2002
     
  SEQUOIA MORTGAGE FUNDING
CORPORATION
 
 
  By:  /s/ Harold F. Zagunis
 
  Harold F. Zagunis
Chief Financial Officer, Treasurer
and Secretary

 

Table of Contents

EXHIBIT INDEX

             
Exhibit Number       Page Number
     
10.1   Monthly Payment Date Statement relating to the distribution to Bondholders, July 22, 2002     5  

  EX-10.1 3 f84381aexv10w1.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 2002-7 RECORD DATE: JUNE 28, 2002 DISTRIBUTION DATE: JULY 22, 2002 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- --------------------------------------------------------------------------------------------------------------------------- Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Class CUSIP Description Rate Balance Distribution Distribution Realized Loss - --------------------------------------------------------------------------------------------------------------------------- A 81743YAA5 SEN 2.17875% 551,170,546.20 1,000,719.02 2,975,369.00 0.00 A-R SMT0207AR SEN 3.61708% 0.00 0.00 0.00 0.00 B-1 81743YAE7 SUB 2.58875% 8,080,000.00 17,430.92 0.00 0.00 B-2 81743YAF4 SUB 3.61708% 5,771,000.00 17,395.15 0.00 0.00 B-3 81743YAG2 SUB 3.61708% 3,463,000.00 10,438.30 0.00 0.00 B-4 SMT0207B4 SUB 3.61708% 1,442,000.00 4,346.53 0.00 0.00 B-5 SMT0207B5 SUB 3.61708% 1,154,000.00 3,478.43 0.00 0.00 B-6 SMT0207B6 SUB 3.61708% 2,600,498.71 7,838.52 0.00 0.00 X-1 81743YAC1 SEN 1.10666% 0.00 87,903.78 0.00 0.00 X-2 81743YAD9 SEN 1.49933% 0.00 579,669.83 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------- Totals 573,681,044.91 1,729,220.48 2,975,369.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------- Ending Certificate Total Cumulative Class Balance Distribution Realized Loss - -------------------------------------------------------------- A 548,195,177.20 3,976,088.02 0.00 A-R 0.00 0.00 0.00 B-1 8,080,000.00 17,430.92 0.00 B-2 5,771,000.00 17,395.15 0.00 B-3 3,463,000.00 10,438.30 0.00 B-4 1,442,000.00 4,346.53 0.00 B-5 1,154,000.00 3,478.43 0.00 B-6 2,600,498.71 7,838.52 0.00 X-1 0.00 87,903.78 0.00 X-2 0.00 579,669.83 0.00 - -------------------------------------------------------------- Totals 570,705,675.91 4,704,589.48 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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss(1) Reduction - ---------------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 551,170,546.20 23.35 2,975,345.65 0.00 0.00 2,975,369.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 8,080,000.00 0.00 0.00 0.00 0.00 0.00 B-2 5,771,000.00 5,771,000.00 0.00 0.00 0.00 0.00 0.00 B-3 3,463,000.00 3,463,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,442,000.00 1,442,000.00 0.00 0.00 0.00 0.00 0.00 B-5 1,154,000.00 1,154,000.00 0.00 0.00 0.00 0.00 0.00 B-6 2,600,498.71 2,600,498.71 0.00 0.00 0.00 0.00 0.00 X-1 50.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2 50.00 0.00 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------- Totals 577,196,698.71 573,681,044.91 23.35 2,975,345.65 0.00 0.00 2,975,369.00 - ----------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------ Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ------------------------------------------------------------------------ A 548,195,177.20 0.98829820 2,975,369.00 A-R 0.00 0.00000000 0.00 B-1 8,080,000.00 1.00000000 0.00 B-2 5,771,000.00 1.00000000 0.00 B-3 3,464,000.00 1.00000000 0.00 B-4 1,442,000.00 1.00000000 0.00 B-5 1,154,000.00 1.00000000 0.00 B-6 2,600,498.71 1.00000000 0.00 X-1 0.00 0.00000000 0.00 X-2 0.00 0.00000000 0.00 - ------------------------------------------------------------------------ Totals 570,705,675.91 0.98875423 2,975,369.00 - ------------------------------------------------------------------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
- ----------------------------------------------------------------------------------------------------------------------------- Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----------------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 993.66226333 0.00004210 5.36401793 0.00000000 0.00000000 5.36406003 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - -----------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ---------------------------------------------------------------------------- A 988.29820331 0.98829820 5.36406003 A-R 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000 X-1 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 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- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall - -------------------------------------------------------------------------------------------------------------------------- A 554,686,000.00 2.17875% 551,170,546.20 1,000,719.02 0.00 0.00 0.00 A-R 100.00 3.61708% 0.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 2.58875% 8,080,000.00 17,430.92 0.00 0.00 0.00 B-2 5,771,000.00 3.16708% 5,771,000.00 17,395.15 0.00 0.00 0.00 B-3 3,463,000.00 3.16708% 3,463,000.00 10,438.30 0.00 0.00 0.00 B-4 1,442,000.00 3.16708% 1,442,000.00 4,346.53 0.00 0.00 0.00 B-5 1,154,000.00 3.16708% 1,154,000.00 3,478.43 0.00 0.00 0.00 B-6 2,600,498.71 3.16708% 2,600,498.71 7,838.52 0.00 0.00 0.00 X-1 50.00 1.10666% 95,313,427.98 87,899.66 0.00 0.00 0.00 X-2 50.00 1.49933% 463,937,118.22 579,663.16 0.00 0.00 0.00 - -------------------------------------------------------------------------------------------------------------------------- Totals 577,196,698.71 1,729,209.69 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ----------------------------------------------------------------------------- A 0.00 1,000,719.02 0.00 548,195,177.20 A-R 0.00 0.00 0.00 0.00 B-1 0.00 17,430.92 0.00 8,080,000.00 B-2 0.00 17,395.15 0.00 5,771,000.00 B-3 0.00 10,438.30 0.00 3,463,000.00 B-4 0.00 4,346.53 0.00 1,442,000.00 B-5 0.00 3,478.43 0.00 1,154,000.00 B-6 0.00 7,838.52 0.00 2,600,498.71 X-1 0.00 87,903.78 0.00 94,900,800.14 X-2 0.00 579,669.83 0.00 461,374,377.06 - ----------------------------------------------------------------------------- Totals 0.00 1,729,220.48 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 Current Unpaid Current Supported Class Original Face Certificate Certificate/ Accrued Interest Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - ------------------------------------------------------------------------------------------------------------------------ A 554,686,000.00 2.17875% 993.66226333 1.80411804 0.00000000 0.00000000 0.00000000 A-R 100.00 3.61708% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 2.58875% 1000.00000000 2.15729208 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 3.61708% 1000.00000000 3.01423497 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 3.61708% 1000.00000000 3.01423621 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 3.61708% 1000.00000000 3.01423717 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 3.61708% 1000.00000000 3.01423744 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 3.61708% 1000.00000000 3.01423722 0.00000000 0.00000000 0.00000000 X-1 50.00 1.10666% 6268559.60000010 57993.20000000 0.00000000 0.00000000 0.00000000 X-2 50.00 1.49933% 8742364.40000150 93263.20000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Remaining Unpaid Class Realized Total Interest Interest Ending Certificate/ (5) Loss (6) Distribution Shortfall Notational Balance - -------------------------------------------------------------------------------- A 0.00000000 1.80411804 0.00000000 988.29820331 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 2.15729208 0.00000000 1000.00000000 B-2 0.00000000 3.01423497 0.00000000 1000.00000000 B-3 0.00000000 3.01423621 0.00000000 1000.00000000 B-4 0.00000000 3.01423717 0.00000000 1000.00000000 B-5 0.00000000 3.01423744 0.00000000 1000.00000000 B-6 0.00000000 3.01423722 0.00000000 1000.00000000 X-1 0.00000000 58075.60000000 0.00000000 98016002.80000000 X-2 0.00000000 93396.60000000 0.00000000 27487541.20000080 - --------------------------------------------------------------------------------
(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 4,888,837.54 Liquidations, Insurance Proceeds, Reserve Funds 10.81 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 4,888,848.35 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 184,258.87 Payment of Interest and Principal 4,704,589.48 ------------- Total Withdrawals (Pool Distribution Amount) 4,888,848.35 Ending Balance 0.00 ============ -------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall (1,691.58) Servicing Fee Support 0.00 --------- Non-Supported Prepayment Curtailment Interest Shortfall 0.00 ========= --------------------------------------------------------------------------------
--------------------------------------------------------------------------------- SERVICING FEES Gross Servicing Fee 179,478.24 Master Servicing Fee 4,780.63 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 184,258.87 ================== ---------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------- Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------------------------- Basis Risk Reserve Fund -- X-1 1,509.72 0.00 4.13 1,509.72 Basis Risk Reserve Fund -- X-2 8,490.28 0.00 6.68 8,490.28 - -----------------------------------------------------------------------------------------------------
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
- ------------------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance - ------------------------------------------------------------------------------------------------------------------------- 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 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 - ---------------------------------------------------------------------------- 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 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% - ----------------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
- -------------------------------------------------------------------------------- Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.01756790% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.03412104% Special Hazard 5,771,967.00 1.00000000% 5,771,967.00 1.01137368 - --------------------------------------------------------------------------------
DELINQUENCY STATUS BY GROUP ONE-MONTH LIBOR
- ---------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 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 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 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 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% - --------------------------------------------------------------------
SIX-MONTH LIBOR
- --------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 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 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 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 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 Fixed & Arm Weighted Average Gross Coupon 4.002464% Weighted Average Net Coupon 3.627037% Weighted Average Pass-Through Rate 3.627037% Weighted Average Maturity (Stepdown Calculation) 358 Beginning Scheduled Collateral Loan Count 1,279 Number of Loans Paid in Full (273) Ending Scheduled Collateral Loan Count 1,552 Beginning Scheduled Collateral Balance 472,280,044.91 Ending Scheduled Collateral Balance 570,705,675.91 Ending Actual Collateral Balance at 30-June-2002 570,705,492.62 Monthly P&I Constant 1,913,471.24 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 23.35 Unscheduled Principal 2,975,345.65 - ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------- MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.076130% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Basis Risk Reserve Fund Income X-1 4.13 Basis Risk Reserve Fund Income X-2 6.68 - -----------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------ GROUP ONE MONTH LIBOR SIX MONTH LIBOR TOTAL Collateral Description Monthly 6 Month Arm Mixed Fixed & Arm Weighted Average Coupon Rate 3.676330 4.069518 4.002464 Weighted Average Net Rate 3.301334 3.694006 3.627037 Weighted Average Maturity 318 319 358 Record Date 06/28/2002 06/28/2002 06/28/2002 Principal and Interest Constant 299,560.04 1,613,911.20 1,913,471.24 Beginning Loan Count 202 1,077 1,279 Loans Paid in Full (40) (233) (273) Ending Loan Count 242 1,310 1,552 Beginning Scheduled Balance 97,772,827.10 475,908,217.80 573,681,044.90 Ending Scheduled Balance 97,362,649.83 473,343,026.08 570,705,675.91 Scheduled Principal 22.40 0.95 23.35 Unscheduled Principal 410,154.87 2,565,190.78 2,975,345.65 Scheduled Interest 299,537.64 1,613,930.89 1,913,468.35 Servicing Fee 30,553.69 148,924.55 179,478.24 Master Servicing Fee 814.77 3,965.86 4,780.63 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 268,169.18 1,461,040.48 1,729,209.66 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 - ------------------------------------------------------------------------------------------------------
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