e8vk

-----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, RCLCUJAVU/AmoyGkNwJF/rUnkUlSX9jqDJSNx9ejDnmSg/cDgLmjtdUwyPV35+Cb 4C41Ds0YVYOkysXo5jmmMQ== 0000950149-03-000220.txt : 20030203 0000950149-03-000220.hdr.sgml : 20030203 20030203143922 ACCESSION NUMBER: 0000950149-03-000220 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030121 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA RESIDENTIAL FUNDING INC CENTRAL INDEX KEY: 0001176320 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 352170972 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-90772-01 FILM NUMBER: 03536295 BUSINESS ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153897373 MAIL ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 8-K 1 f87275de8vk.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

January 21, 2003
Date of Report (Date of Earliest Event Reported)

SEQUOIA RESIDENTIAL FUNDING, INC.
(as Depositor of Sequoia Mortgage Trust 9, the Issuer of Mortgage
Pass-Through Certificates under a Pooling and Servicing Agreement
dated as of August 1, 2002)

SEQUOIA RESIDENTIAL FUNDING, INC.

(Exact Name of Registrant as Specified in Its Charter)


Delaware	333-90772	35-2170972
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

591 Redwood Highway, Suite 3160, 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 Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 9 (the “Certificates”).

		The following exhibit which relates specifically to the Certificates is included with this Current Report:


Item 7(c).	Exhibits

	10.1	Monthly Payment Date Statement relating to the distribution to Certificateholders, January 21, 2003.

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: February 3, 2003


		SEQUOIA RESIDENTIAL FUNDING, INC.


		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 Certificateholders, January 21, 2003		5

EX-10.1 3 f87275dexv10w1.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: DECEMBER 31, 2002 DISTRIBUTION DATE: JANUARY 21, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- -------------------------------------------------------------------------------------------------------------------------------- Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Class CUSIP Description Rate Balance Distribution Distribution Realized Loss - -------------------------------------------------------------------------------------------------------------------------------- 1A 81743SAA8 SEN 1.77000% 375,996,523.11 554,594.87 4,824,396.63 0.00 2A 81743SAB6 SEN 3.59740% 162,250,985.85 486,401.82 1,734,241.93 0.00 X-1A 81743SAC4 IO 1.32276% 0.00 221,862.68 0.00 0.00 X-1B 81743SAD2 IO 1.57736% 0.00 229,671.97 0.00 0.00 X-B 81743SAE0 IO 1.15957% 0.00 7,446.50 0.00 0.00 A-R 81743SAF7 SEN 3.31668% 0.00 0.00 0.00 0.00 B-1 81743SAG5 SUB 2.17000% 7,702,000.00 13,927.78 0.00 0.00 B-2 81743SAH3 SUB 3.32957% 4,564,000.00 12,663.45 0.00 0.00 B-3 81743SAJ9 SUB 3.32957% 3,424,000.00 9,500.36 0.00 0.00 B-4 SMT0209B4 SUB 3.32957% 1,426,000.00 3,956.64 0.00 0.00 B-5 SMR0209B5 SUB 3.32957% 856,000.00 2,375.09 0.00 0.00 B-6 SMT0209B6 SUB 3.32957% 1,997,086.78 5,541.19 0.00 0.00 - -------------------------------------------------------------------------------------------------------------------------------- Totals 558,216,595.74 1,547,942.35 6,558,638.56 0.00 - --------------------------------------------------------------------------------------------------------------------------------

- -------------------------------------------------- Ending Certificate Total Cumulative Balance Distribution Realized Loss - -------------------------------------------------- 371,172,126.48 5,378,991.50 0.00 160,516,743.92 2,220,643.75 0.00 0.00 221,862.68 0.00 0.00 229,671.97 0.00 0.00 7,446.50 0.00 0.00 0.00 0.00 7,702,000.00 13,927.78 0.00 4,564,000.00 12,663.45 0.00 3,424,000.00 9,500.36 0.00 1,426,000.00 3,956.64 0.00 856,000.00 2,375.09 0.00 1,997,086.78 5,541.19 0.00 - -------------------------------------------------- 551,657,957.18 8,106,580.91 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 - ---------------------------------------------------------------------------------------------------------------------------- 1A 381,698,000.00 375,996,523.11 308.20 4,824,088.43 0.00 0.00 4,824,396.63 2A 168,875,000.00 162,250,985.85 0.03 1,734,241.90 0.00 0.00 1,734,241.93 X-1A 0.00 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 0.00 X-B 0.00 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 0.00 B-1 7,702,000.00 7,702,000.00 0.00 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 0.00 B-3 3,424,000.00 3,424,000.00 0.00 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 0.00 B-5 856,000.00 856,000.00 0.00 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 0.00 - ---------------------------------------------------------------------------------------------------------------------------- Totals 570,533,186.78 558,216,595.74 308.23 6,558,330.33 0.00 0.00 6,558,638.56 - ----------------------------------------------------------------------------------------------------------------------------

- -------------------------------------------------------- Ending Ending Certificate Certificate Total Principal Balance Percentage Distribution - -------------------------------------------------------- 371,172,126.48 0.97244649 4,824,396.63 160,516,743.92 0.95050626 1,734,241.93 0.00 0.00000000 0.00 0.00 0.00000000 0.00 0.00 0.00000000 0.00 0.00 0.00000000 0.00 7,702,000.00 1.00000000 0.00 4,564,000.00 1.00000000 0.00 3,424,000.00 1.00000000 0.00 1,426,000.00 1.00000000 0.00 856,000.00 1.00000000 0.00 1,997,086.78 1.00000000 0.00 - -------------------------------------------------------- 551,657,957.18 0.96691651 6,558,638.56 - --------------------------------------------------------
(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 - --------------------------------------------------------------------------------------------------------------------------- 1A 381,698,000.00 985.08608608 0.00080746 12.63879344 0.00000000 0.00000000 12.63960091 2A 168,875,000.00 960.77563790 0.00000018 10.26938209 0.00000000 0.00000000 10.26938226 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 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 0.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ---------------------------------------------------------------------------------------------------------------------------

- -------------------------------------------------------- Ending Ending Certificate Certificate Total Principal Balance Percentage Distribution - -------------------------------------------------------- 972.44648518 0.97244649 12.63960091 950.50625563 0.95050626 10.26938226 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1000.00000000 1.00000000 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 Current Certificate/ Current Unpaid Current Non-Supported Original Face Certificate Notional Accrued Interest Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall - ---------------------------------------------------------------------------------------------------------------------------- 1A 381,698,000.00 1.77000% 375,996,523.11 554,594.87 0.00 0.00 0.00 2A 168,875,000.00 3.59740% 162,250,985.85 486,401.82 0.00 0.00 0.00 X-1A 0.00 1.32276% 201,271,258.54 221,860.71 0.00 0.00 0.00 X-1B 0.00 1.57736% 174,725,264.57 229,669.93 0.00 0.00 0.00 X-B 0.00 1.15957% 7,702,000.00 7,442.49 0.00 0.00 0.00 A-R 100.00 3.31668% 0.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 2.17000% 7,702,000.00 13,927.78 0.00 0.00 0.00 B-2 4,564,000.00 3.32957% 4,564,000.00 12,663.45 0.00 0.00 0.00 B-3 3,424,000.00 3.32957% 3,424,000.00 9,500.36 0.00 0.00 0.00 B-4 1,426,000.00 3.32957% 1,426,000.00 3,956.64 0.00 0.00 0.00 B-5 856,000.00 3.32957% 856,000.00 2,375.09 0.00 0.00 0.00 B-6 1,997,086.78 3.32957% 1,997,086.78 5,541.19 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------- Totals 570,533,186.78 1,547,934.33 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------

- -------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Loss (4) Distribution Shortfall Balance - -------------------------------------------------------------- 0.00 554,594.87 0.00 371,172,126.48 0.00 486,401.82 0.00 160,516,743.92 0.00 221,862.68 0.00 198,154,754.93 0.00 229,671.97 0.00 173,017,371.55 0.00 7,446.50 0.00 7,702,000.00 0.00 0.00 0.00 0.00 0.00 13,927.78 0.00 7,702,000.00 0.00 12,663.45 0.00 4,564,000.00 0.00 9,500.36 0.00 3,424,000.00 0.00 3,956.64 0.00 1,426,000.00 0.00 2,375.09 0.00 856,000.00 0.00 5,541.19 0.00 1,997,086.78 - -------------------------------------------------------------- 0.00 1,547,942.35 0.00 - --------------------------------------------------------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
- ------------------------------------------------------------------------------------------------------------------------------------ Payment of Current Beginning Current Unpaid Current Non-Supported Class Original Face Certificate Certificate/ Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ------------------------------------------------------------------------------------------------------------------------------------ 1A 381,698,000.00 1.77000% 985.08608608 1.45300197 0.00000000 0.00000000 0.00000000 0.00000000 2A 168,875,000.00 3.59740% 960.77563790 2.88024764 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.32276% 987.75464796 1.08879901 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.57736% 982.02990583 1.29084217 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.15957% 1000.00000000 0.96630615 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.31668% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 2.17000% 1000.00000000 1.80833290 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 3.32957% 1000.00000000 2.77463848 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 3.32957% 1000.00000000 2.77463785 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 3.32957% 1000.00000000 2.77464236 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 3.32957% 1000.00000000 2.77463785 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 3.32957% 1000.00000000 2.77463656 0.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------- Remaining Unpaid Total Interest Interest Ending Certificate/ Distribution Shortfall Notational Balance - ----------------------------------------------------- 1.45300197 0.00000000 972.44648158 2.88024764 0.00000000 950.50625563 1.08880868 0.00000000 972.46015957 1.29085364 0.00000000 972.43082452 0.96682680 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 1.80833290 0.00000000 1000.00000000 2.77463848 0.00000000 1000.00000000 2.77463785 0.00000000 1000.00000000 2.77464236 0.00000000 1000.00000000 2.77463785 0.00000000 1000.00000000 2.77463656 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 8,279,585.91 Liquidations, Insurance Proceeds, Reserve Funds 8.02 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5,835.02 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 8,285,428.95 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 178,848.04 Payment of Interest and Principal 8,106,580.91 ------------ Total Withdrawals (Pool Distribution Amount) 8,285,428.95 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 174,661.41 Master Servicing Fee 4,186.63 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 178,848.04 ============

- -------------------------------------------------------------------------------------------------- Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------------------------- X-1 Basis Risk Reserve Fund 5,000.00 4.01 4.01 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 4.01 4.01 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 4 1,726,308.42 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 143,581.31 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 ---------------------- ---------------------- ---------------------- 5 1,869,889.73 0 0.00 0 0.00 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.269360% 0.312940% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.067340% 0.026028% 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% ---------------------- ---------------------- ---------------------- 0.336700% 0.338968% 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 4 1,726,308.42 60 Days 0 0.00 60 Days 1 143,581.31 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 5 1,869,889.73 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.269360% 0.312940% 60 Days 0.000000% 0.000000% 60 Days 0.067340% 0.026028% 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% 0.336700% 0.338968%
~~Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5,835.02~~

Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 570,533,086.78 99.99998247% 551,657,957.18 100.00000000% 96.380169% 0.000000% Class 1A 188,844,086.78 33.09957968% 180,485,830.70 32.71698130% 67.283019% 1,858.733604% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.61983119% 29.097150% 803.826162% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.22367621% 1.396155% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.39635197% 0.827324% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.77567752% 0.620674% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.51718402% 0.258494% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.36201540% 0.155169% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.362015% 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 0.01812717% Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.10264645% Special Hazard 6,000,000.00 1.05164785% 5,999,500.00 1.08753983%
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 1 123,362.01 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 ---------------------- --------------------- ---------------------- 1 123,362.01 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 0.099404% 0.032041% 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% ---------------------- --------------------- ---------------------- 0.099404% 0.032041% 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 1 123,362.01 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 1 123,362.01 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 0.099404% 0.032041% 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% 0.099404% 0.032041%
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 1,602,946.41 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 143,581.31 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 ------------------------ --------------------- --------------------- 4 1,746,527.72 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 0.626305% 0.961963% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.208768% 0.086166% 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% ------------------------ --------------------- --------------------- 0.835073% 1.048130% 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 1,602,946.41 60 Days 0 0.00 60 Days 1 143,581.31 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 4 1,746,527.72 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 0.626305% 0.961963% 60 Days 0.000000% 0.000000% 60 Days 0.208768% 0.086166% 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% 0.835073% 1.048130%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.712070% Weighted Average Net Coupon 3.336599% Weighted Average Pass-Through Rate 3.327599% Weighted Average Maturity (Stepdown Calculation) 328 Beginning Scheduled Collateral Loan Count 1,497 Number of Loans Paid in Full 12 Ending Scheduled Collateral Loan Count 1,485 Beginning Scheduled Collateral Balance 558,216,595.75 Ending Scheduled Collateral Balance 551,657,957.19 Ending Actual Collateral Balance at 31-Dec-2002 551,642,673.35 Monthly P&I Constant 1,727,090.62 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 8,051,165.89 Ending Scheduled Balance for Premium Loans 551,657,957.19 Scheduled Principal 308.23 Unscheduled Principal 6,558,330.33
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.422699% 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 3.595742 3.981403 3.712070 Weighted Average Net Rate 3.220069 3.606403 3.336599 Pass-Through Rate 3.211069 3.597403 3.327599 Weighted Average Maturity 312 354 328 Record Date 12/31/2002 12/31/2002 12/31/2002 Principal and Interest Constant 1,168,446.72 558,643.90 1,727,090.62 Beginning Loan Count 1,014 483 1,497 Loans Paid in Full 8 4 12 Ending Loan Count 1,006 479 1,485 Beginning Scheduled Balance 389,840,609.90 168,375,985.85 558,216,595.75 Ending Scheduled Balance 385,016,213.27 166,641,743.92 551,657,957.19 Scheduled Principal 308.20 0.03 308.23 Unscheduled Principal 4,824,088.43 1,734,241.90 6,558,330.33 Scheduled Interest 1,168,138.52 558,643.87 1,726,782.39 Servicing Fee 122,043.92 52,617.49 174,661.41 Master Servicing Fee 2,923.81 1,262.82 4,186.63 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 1,043,170.79 504,763.56 1,547,934.35 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 205,545,589.70 Six Month LIBOR Loans 179,470,624.20~~
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