-----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, R3/7E9YCdRpP8tfYYj0OUehap/nHlO+fvXmTF9yM8YiFg7gjQG5q7m0JvJhEjhx4 WnweW3lmqI5dlRGsVoEbgQ== 0000950149-02-002501.txt : 20021223 0000950149-02-002501.hdr.sgml : 20021223 20021223171645 ACCESSION NUMBER: 0000950149-02-002501 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021021 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021223 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: 02867588 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 f86679de8vk.htm FORM 8-K e8vk
 

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

October 21, 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)

 

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, October 21, 2002.

 

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: November 18, 2002

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

 

EXHIBIT INDEX

Exhibit Number Page Number
       
10.1   Monthly Payment Date Statement relating to the distribution to Bondholders, October 21, 2002 5
       
EX-10.1 3 f86679dexv10w1.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: SEPTEMBER 30, 2002 DISTRIBUTION DATE: OCTOBER 21, 2002
CERTIFICATEHOLDER DISTRIBUTION SUMMARY - --------------------------------------------------------------------------------------------------------------- Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - --------------------------------------------------------------------------------------------------------------- A 81743YAA5 SEN 2.16000% 534,569,975.67 962,225.95 5,698,591.52 A-R SMT0207AR SEN 3.59390% 0.00 0.00 0.00 B-1 81743YAE7 SUB 2.57000% 8,080,000.00 17,304.67 0.00 B-2 81743YAF4 SUB 3.59390% 5,771,000.00 17,283.64 0.00 B-3 81743YAG2 SUB 3.59390% 3,463,000.00 10,371.38 0.00 B-4 SMT0207B4 SUB 3.59390% 1,442,000.00 4,318.66 0.00 B-5 SMT0207B5 SUB 3.59390% 1,154,000.00 3,456.13 0.00 B-6 SMT0207B6 SUB 3.59390% 2,600,498.71 7,788.27 0.00 X-1 81743YAC1 SEN 1.09282% 0.00 84,139.33 0.00 X-2 81743YAD9 SEN 1.49653% 0.00 561,529.95 0.00 - --------------------------------------------------------------------------------------------------------------- Totals 557,080,474.38 1,668,417.98 5,698,591.52 - ---------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------- Ending Current Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss - ----------------------------------------------------------------------------------- A 0.00 528,871,384.15 6,660,817.47 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 8,080,000.00 17,304.67 0.00 B-2 0.00 5,771,000.00 17,283.64 0.00 B-3 0.00 3,463,000.00 10,371.38 0.00 B-4 0.00 1,442,000.00 4,318.66 0.00 B-5 0.00 1,154,000.00 3,456.13 0.00 B-6 0.00 2,600,498.71 7,788.27 0.00 X-1 0.00 0.00 84,139.33 0.00 X-2 0.00 0.00 561,529.95 0.00 - ----------------------------------------------------------------------------------- Totals 0.00 551,381,882.86 7,367,009.50 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) - ------------------------------------------------------------------------------------------------------ A 554,686,000.00 534,569,975.67 2,185.46 5,696,406.06 0.00 0.00 A-R 100.00 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 B-2 5,771,000.00 5,771,000.00 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 B-4 1,442,000.00 1,442,000.00 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 B-6 2,600,498.71 2,600,498.71 0.00 0.00 0.00 0.00 X-1 50.00 0.00 0.00 0.00 0.00 0.00 X-2 50.00 0.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------ Totals 577,196,698.71 557,080,474.38 2,185.46 5,696,406.06 0.00 0.00 - ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------- Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------- A 5,698,591.52 528,871,384.15 0.95346085 5,698,591.52 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 8,080,000.00 1.00000000 0.00 B-2 0.00 5,771,000.00 1.00000000 0.00 B-3 0.00 3,463,000.00 1.00000000 0.00 B-4 0.00 1,442,000.00 1.00000000 0.00 B-5 0.00 1,154,000.00 1.00000000 0.00 B-6 0.00 2,600,498.71 1.00000000 0.00 X-1 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 - ------------------------------------------------------------------------------------------- Totals 5,698,591.52 551,381,882.86 0.95527553 5,698,591.52 - -------------------------------------------------------------------------------------------
(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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ------------------------------------------------------------------------------------------------------------------------ A 554,686,000.00 963.73439328 0.00393999 10.26960489 0.00000000 0.00000000 10.27354489 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 Ending Total Class Certificate Certificate Principal Balance Percentage Distribution - ---------------------------------------------------------------- A 953.46084839 0.95346085 10.27354489 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 Current Certificate/ Current Unpaid Current Non-Supported Original Face Certificate Notional Accrued Interest Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall - ------------------------------------------------------------------------------------------------------------------------ A 554,686,000.00 2.16000% 534,569,975.67 962,225.96 0.00 0.00 0.00 A-R 100.00 3.59390% 0.00 0.00 0.00 0.00 0.00 B-1 8,080,000.00 2.57000% 8,080,000.00 17,304.67 0.00 0.00 0.00 B-2 5,771,000.00 3.59390% 5,771,000.00 17,283.64 0.00 0.00 0.00 B-3 3,463,000.00 3.59390% 3,463,000.00 10,371.38 0.00 0.00 0.00 B-4 1,442,000.00 3.59390% 1,442,000.00 4,318.66 0.00 0.00 0.00 B-5 1,154,000.00 3.59390% 1,154,000.00 3,456.13 0.00 0.00 0.00 B-6 2,600,498.71 3.59390% 2,600,498.71 7,788.27 0.00 0.00 0.00 X-1 50.00 1.09282% 92,390,201.56 84,137.94 0.00 0.00 0.00 X-2 50.00 1.49653% 450,259,774.11 561,520.68 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------ Totals 577,196,698.71 1,668,407.33 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------ Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ------------------------------------------------------------------------ A 0.00 962,225.95 0.00 528,871,384.15 A-R 0.00 0.00 0.00 0.00 B-1 0.00 17,304.67 0.00 8,080,000.00 B-2 0.00 17,283.64 0.00 5,771,000.00 B-3 0.00 10,371.38 0.00 3,463,000.00 B-4 0.00 4,318.66 0.00 1,442,000.00 B-5 0.00 3,456.13 0.00 1,154,000.00 B-6 0.00 7,788.27 0.00 2,600,498.71 X-1 0.00 84,139.33 0.00 92,292,092.13 X-2 0.00 561,529.95 0.00 444,659,292.02 - ------------------------------------------------------------------------ Totals 0.00 1,668,417.98 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 - ----------------------------------------------------------------------------------------------------------------------- Beginning Payment of Current Certificate/ Current Unpaid Current Non-Supported Original Face Certificate Notional Accrued Interest Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall - ------------------------------------------------------------------------------------------------------------------------ A 554,686,000.00 2.16000% 963.73439328 1.73472191 0.00000000 0.00000000 0.00000000 A-R 100.00 3.59390% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,080,000.00 2.57000% 1000.00000000 2.14166708 0.00000000 0.00000000 0.00000000 B-2 5,771,000.00 3.59390% 1000.00000000 2.99491249 0.00000000 0.00000000 0.00000000 B-3 3,463,000.00 3.59390% 1000.00000000 2.99491193 0.00000000 0.00000000 0.00000000 B-4 1,442,000.00 3.59390% 1000.00000000 2.99490985 0.00000000 0.00000000 0.00000000 B-5 1,154,000.00 3.59390% 1000.00000000 2.99491334 0.00000000 0.00000000 0.00000000 B-6 2,600,498.71 3.59390% 1000.00000000 2.99491400 0.00000000 0.00000000 0.00000000 X-1 50.00 1.09282% 1847804.03120000 1682.75880000 0.00000000 0.00000000 0.00000000 X-2 50.00 1.49653% 9005195.48220000 11230.41360000 0.00000000 0.00000000 0.00000000 - -----------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------ Remaining Unpaid Ending Certificate/ Realized Total Interest Interest Notational Class (5) Loss (6) Distribution Shortfall Balance - ------------------------------------------------------------------------------------------ A 0.00000000 1.73472191 0.00000000 953.46084839 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 2.14166708 0.00000000 1000.00000000 B-2 0.00000000 2.99491249 0.00000000 1000.00000000 B-3 0.00000000 2.99491193 0.00000000 1000.00000000 B-4 0.00000000 2.99490985 0.00000000 1000.00000000 B-5 0.00000000 2.99491334 0.00000000 1000.00000000 B-6 0.00000000 2.99491400 0.00000000 1000.00000000 X-1 0.00000000 1682.78660000 0.00000000 1845841.84260000 X-2 0.00000000 11230.5990000 0.00000000 8893185.84040000 - ------------------------------------------------------------------------------------------
(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 7,545,933.99 Liquidations, Insurance Proceeds, Reserve Funds 10.66 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 7,545,944.65 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 178,935.15 Payment of Interest and Principal 7,367,009.50 ------------ Total Withdrawals (Pool Distribution Amount) 7,545,944.65 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 174,292.81 Master Servicing Fee 4,642.34 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 178,935.15 ============ - --------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------- Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------------------------- Basis Risk Reserve Fund - X-1 1,512.63 1.39 1.61 1,512.85 Basis Risk Reserve Fund - X-2 8,487.37 9.27 9.05 8,487.15 - --------------------------------------------------------------------------------------------------
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% - ------------------------------------------------------------------------------------------------------------------- Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties
- ------------------------------------------------------------------------- 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% - ------------------------------------------------------------------------- 0.00 Periodic Advance 0.00
- -------------------------------------------------------------------------------------------- Original $ Original % Current $ Current % Bankruptcy 100,261.00 0.01737033% 100,261.00 0.01818359% Fraud 17,315,901.00 3.00000001% 17,315,901.00 3.14045520% Special Hazard 5,771,967.00 1.00000000% 5,513,818.83 1.00000000% Limit of subordinate's exposure to certain types of losses - --------------------------------------------------------------------------------------------
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 3.979337% Weighted Average Net Coupon 3.603895% Weighted Average Pass-Through Rate 3.593895% Weighted Average Maturity (Stepdown Calculation) 355 Beginning Scheduled Collateral Loan Count 1,528 Number of Loans Paid in Full 15 Ending Scheduled Collateral Loan Count 1,513 Beginning Scheduled Collateral Balance 557,080,474.38 Ending Scheduled Collateral Balance 551,381,882.86 Ending Actual Collateral Balance at 30-Sep-2002 551,379,382.10 Monthly P&I Constant 1,849,527.94 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 2,185.46 Unscheduled Principal 5,696,406.06 - -----------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.959202% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Basis RiskReserve Fund Income X-1 1.61 Basis Risk Reserve Fund Income X-2 9.05 - --------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------- GROUP ONE MONTH LIBOR SIX MONTH LIBOR TOTAL Collateral Description Monthly 6 Month Arm Mixed Fixed & Arm Weighted Average Coupon Rate 3.643921 4.048162 3.979337 Weighted Average Net Rate 3.268921 3.672629 3.603895 Pass-Through Rate 3.258921 3.662629 3.593895 Weighted Average Maturity 315 316 355 Record Date 09/30/2002 09/30/2002 09/30/2002 Principal and Interest Constant 288,012.81 1,561,515.13 1,849,527.94 Beginning Loan Count 238 1,290 1,528 Loans Paid in Full 0 15 15 Ending Loan Count 238 1,275 1,513 Beginning Scheduled Balance 94,847,101.48 462,233,372.90 557,080,474.38 Ending Scheduled Balance 94,772,430.12 456,609,452.74 551,381,882.86 Scheduled Principal 0.00 2,185.46 2,185.46 Unscheduled Principal 74,671.36 5,621,734.70 5,696,406.06 Scheduled Interest 288,012.81 1,559,329.67 1,847,342.48 Servicing Fee 29,639.72 144,653.09 174,292.81 Master Servicing Fee 790.40 3,851.94 4,642.34 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 257,582.69 1,410,824.64 1,668,407.33 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 - ----------------------------------------------------------------------------------------------------
-----END PRIVACY-ENHANCED MESSAGE-----