-----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, Btv5z/VC6E7q0qRTnqgIcTmfS+9Bz4BuWgeL6TRTTy5jRC9usJ/BR1CcIiJndW1y UQA363mIY2Hw6La5EVFEhA== 0000950149-03-000864.txt : 20030414 0000950149-03-000864.hdr.sgml : 20030414 20030414170504 ACCESSION NUMBER: 0000950149-03-000864 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030320 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030414 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: 03649012 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 f89236e8vk.htm FORM 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

March 20, 2003

Date of Report (Date of Earliest Event Reported)

SEQUOIA RESIDENTIAL FUNDING, INC.
(as Depositor of Sequoia Mortgage Trust 10, the Issuer of Mortgage Pass-Through
Certificates under a Pooling and Servicing Agreement dated as of
September 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
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 Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 10 (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, March 20, 2003.

 

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: April 10, 2003

     
  SEQUOIA RESIDENTIAL FUNDING, INC.
     
  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 Certificateholders, February 20, 2003   5  

  EX-10.1 3 f89236exv10w1.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 2002-10 RECORD DATE: FEBRUARY 28, 2003 DISTRIBUTION DATE: MARCH 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Class CUSIP Description Rate Balance Distribution Distribution Realized Loss - ----------------------------------------------------------------------------------------------------------------------------------- 1A 81743VAA1 SEN 1.74000% 802,064,572.23 1,162,993.63 4,832,595.39 0.00 2A-1 81743VAB9 SEN 1.72000% 186,161,754.71 266,831.85 813,659.54 0.00 2A-2 81743VAN3 SEN 2.02000% 3,500,000.00 5,891.67 0.00 0.00 X-1A 81743VAC7 IO 1.15043% 0.00 367,791.67 0.00 0.00 X-1B 81743VAD5 IO 1.38682% 0.00 483,567.17 0.00 0.00 X-2 81743VAP8 IO 1.40115% 0.00 221,453.78 0.00 0.00 X-B 81743VAE3 IO 0.78506% 0.00 16,829.78 0.00 0.00 A-R 81743VAF0 SEN 3.36621% 0.00 0.00 0.00 0.00 B-1 81743VAG8 SUB 2.14000% 12,600,000.00 22,470.00 0.00 0.00 B-2 81743VAH6 SUB 2.14000% 8,400,000.00 14,980.00 0.00 0.00 B-3 81743VAJ2 SUB 2.74000% 4,725,000.00 10,788.75 0.00 0.00 B-4 SMT0210B4 SUB 3.03527% 2,625,000.00 6,639.65 0.00 0.00 B-5 SMT0210B5 SUB 3.03527% 2,100,000.00 5,311.72 0.00 0.00 B-6 SMT0210B6 SUB 3.03527% 3,685,162.00 9,321.21 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------------- Totals 1,025,861,488.94 2,594,870.88 5,646,254.93 0.00 - -----------------------------------------------------------------------------------------------------------------------------------
Ending Certificate Total Cumulative Class Balance Distribution Realized Loss - ------------------------------------------------------------ 1A 797,231,976.84 5,995,589.02 0.00 2A-1 185,348,095.17 1,080,491.39 0.00 2A-2 3,500,000.00 5,891.67 0.00 X-1A 0.00 367,791.67 0.00 X-1B 0.00 483,567.17 0.00 X-2 0.00 221,453.78 0.00 X-B 0.00 16,829.78 0.00 A-R 0.00 0.00 0.00 B-1 12,600,000.00 22,470.00 0.00 B-2 8,400,000.00 14,980.00 0.00 B-3 4,725,000.00 10,788.75 0.00 B-4 2,625,000.00 6,639.65 0.00 B-5 2,100,000.00 5,311.72 0.00 B-6 3,685,162.00 9,321.21 0.00 - ------------------------------------------------------------ Totals 1,020,215,234.01 8,241,125.81 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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ---------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 802,064,572.23 0.00 4,832,595.39 0.00 0.00 4,832,595.39 2A-1 190,000,000.00 186,161,754.71 0.00 813,659.54 0.00 0.00 813,659.54 2A-2 3,500,000.00 3,500,000.00 0.00 0.00 0.00 0.00 0.00 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-2 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 12,600,000.00 12,600,000.00 0.00 0.00 0.00 0.00 0.00 B-2 8,400,000.00 8,400,000.00 0.00 0.00 0.00 0.00 0.00 B-3 4,725,000.00 4,725,000.00 0.00 0.00 0.00 0.00 0.00 B-4 2,625,000.00 2,625,000.00 0.00 0.00 0.00 0.00 0.00 B-5 2,100,000.00 2,100,000.00 0.00 0.00 0.00 0.00 0.00 B-6 3,685,162.00 3,685,162.00 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 1,025,861,488.94 0.00 5,646,254.93 0.00 0.00 5,646,254.93 - ----------------------------------------------------------------------------------------------------------------------------
Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ---------------------------------------------------------------------- 1A 797,231,976.84 0.96942633 4,832,595.39 2A-1 185,348,095.17 0.97551629 813,659.54 2A-2 3,500,000.00 1.00000000 0.00 X-1A 0.00 0.00000000 0.00 X-1B 0.00 0.00000000 0.00 X-2 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 12,600,000.00 1.00000000 0.00 B-2 8,400,000.00 1.00000000 0.00 B-3 4,725,000.00 1.00000000 0.00 B-4 2,625,000.00 1.00000000 0.00 B-5 2,100,000.00 1.00000000 0.00 B-6 3,685,162.00 1.00000000 0.00 - ---------------------------------------------------------------------- Totals 1,020,215,234.01 0.97162406 5,646,254.93 - ----------------------------------------------------------------------
(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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 975.30271741 0.00000000 5.87638898 0.00000000 0.00000000 5.87638898 2A-1 190,000,000.00 979.79870900 0.00000000 4.28241863 0.00000000 0.00000000 4.28241863 2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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-2 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 12,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - -----------------------------------------------------------------------------------------------------------------------------
Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - --------------------------------------------------------------- 1A 969.42632843 0.96942633 5.87638898 2A-1 975.51629037 0.97551629 4.28241863 2A-2 1000.00000000 1.00000000 0.00000000 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 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 - ---------------------------------------------------------------
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Payment of Current Beginning Current Unpaid Current Non-Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Class Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - -------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.74000% 802,064,572.23 1,162,993.63 0.00 0.00 0.00 2A-1 190,000,000.00 1.72000% 186,161,754.71 266,831.85 0.00 0.00 0.00 2A-2 3,500,000.00 2.02000% 3,500,000.00 5,891.67 0.00 0.00 0.00 X-1A 0.00 1.15043% 383,638,252.79 367,791.67 0.00 0.00 0.00 X-1B 0.00 1.38682% 418,426,319.44 483,567.17 0.00 0.00 0.00 X-2 0.00 1.40115% 189,661,754.71 221,453.78 0.00 0.00 0.00 X-B 0.00 0.78506% 25,725,000.00 16,829.78 0.00 0.00 0.00 A-R 100.00 3.36621% 0.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 2.14000% 12,600,000.00 22,470.00 0.00 0.00 0.00 B-2 8,400,000.00 2.14000% 8,400,000.00 14,980.00 0.00 0.00 0.00 B-3 4,725,000.00 2.74000% 4,725,000.00 10,788.75 0.00 0.00 0.00 B-4 2,625,000.00 3.03527% 2,625,000.00 6,639.65 0.00 0.00 0.00 B-5 2,100,000.00 3.03527% 2,100,000.00 5,311.72 0.00 0.00 0.00 B-6 3,685,162.00 3.03527% 3,685,162.00 9,321.21 0.00 0.00 0.00 - -------------------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 2,594,870.88 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------
Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ----------------------------------------------------------------------- 1A 0.00 1,162,993.63 0.00 797,231,976.84 2A-1 0.00 266,831.85 0.00 185,348,095.17 2A-2 0.00 5,891.67 0.00 3,500,000.00 X-1A 0.00 367,791.67 0.00 379,970,434.22 X-1B 0.00 483,567.17 0.00 417,261,542.62 X-2 0.00 221,453.78 0.00 188,848,095.17 X-B 0.00 16,829.78 0.00 25,725,000.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 22,470.00 0.00 12,600,000.00 B-2 0.00 14,980.00 0.00 8,400,000.00 B-3 0.00 10,788.75 0.00 4,725,000.00 B-4 0.00 6,639.65 0.00 2,625,000.00 B-5 0.00 5,311.72 0.00 2,100,000.00 B-6 0.00 9,321.21 0.00 3,685,162.00 - ----------------------------------------------------------------------- Totals 0.00 2,594,870.88 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 Original Face Certificate Certificate/ Accrued Interest Interest Interest Realized Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ---------------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.74000% 975.30271741 1.41418894 0.00000000 0.00000000 0.00000000 0.00000000 2A-1 190,000,000.00 1.72000% 979.79870900 1.40437816 0.00000000 0.00000000 0.00000000 0.00000000 2A-2 3,500,000.00 2.02000% 1000.00000000 1.68333429 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.15043% 976.27862389 0.93595241 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.38682% 974.40966095 1.12610632 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.40115% 980.16410703 1.14446398 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.78506% 1000.00000000 0.65421885 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.36621% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 2.14000% 1000.00000000 1.78333333 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 2.14000% 1000.00000000 1.78333333 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 2.74000% 1000.00000000 2.28333333 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 3.03527% 1000.00000000 2.52939048 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 3.03527% 1000.00000000 2.52939048 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 3.03527% 1000.00000000 2.52938948 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------------------------------------------------
Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - ----------------------------------------------------------------- 1A 1.41418894 0.00000000 969.42632843 2A-1 1.40437816 0.00000000 975.51629037 2A-2 1.68333429 0.00000000 1000.00000000 X-1A 0.93595241 0.00000000 966.94479746 X-1B 1.12610632 0.00000000 971.69718869 X-2 1.14446398 0.00000000 975.95914817 X-B 0.65421885 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.78333333 0.00000000 1000.00000000 B-2 1.78333333 0.00000000 1000.00000000 B-3 2.28333333 0.00000000 1000.00000000 B-4 2.52939048 0.00000000 1000.00000000 B-5 2.52939048 0.00000000 1000.00000000 B-6 2.52938948 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 8,439,151.34 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 15,695.61 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 8,454,846.95 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 213,721.14 Payment of Interest and Principal 8,241,125.81 ------------ Total Withdrawals (Pool Distribution Amount) 8,454,846.95 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 213,721.14 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 213,721.14 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------------ Class X-A Basis Risk Reserve Fund 8,000.00 0.00 0.00 8,000.00 Class X-B Basis Risk Reserve Fund 2,000.00 0.00 0.00 2,000.00 - ------------------------------------------------------------------------------------------
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 18 5,959,493.60 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 -- ------------ -- ---- -- ---- 18 5,959,493.60 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 0.662739% 0.584141% 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% -------- -------- -------- -------- -------- -------- 0.662739% 0.584141% 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 18 5,959,493.60 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 18 5,959,493.60
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 0.662739% 0.584141% 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% 0.662739% 0.584141%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 15,695.61 Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ Original % Current $ Current % Current Class % Prepayment % ---------------------------------------------------------------------------------------------------------- Class A 1,050,010,162.00 99.99999048% 1,020,215,234.01 100.00000000% 96.654122% 0.000000% Class 1A 227,635,162.00 21.67932736% 222,983,257.17 21.85649162% 78.143508% 2,335.515434% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 3.68894335% 18.167548% 542.982908% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.34587848% 0.343065% 10.253357% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.34587848% 0.000000% 0.000000% Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.11084497% 1.235034% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.28748930% 0.823356% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.82435174% 0.463138% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.56705309% 0.257299% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.36121417% 0.205839% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.361214% 10.795795%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 163,046.00 0.01552804% 163,046.00 0.01598153% Fraud 31,500,308.00 3.00000001% 31,500,308.00 3.08761396% Special Hazard 11,240,000.00 1.07046573% 11,240,000.00 1.10172830%
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 12 4,026,722.72 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 ----- ------------ ----- ---------- ----- ---------- 12 4,026,722.72 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 0.558659% 0.488168% 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% -------- -------- -------- -------- -------- -------- 0.558659% 0.488168% 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 12 4,026,722.72 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 12 4,026,722.72
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 0.558659% 0.488168% 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% 0.558659% 0.488168% -------- -------- -------- --------
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 6 1,932,770.88 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ----- ------------ ----- ---------- ----- ---------- 6 1,932,770.88 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 1.056338% 0.989382% 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% -------- -------- -------- -------- -------- -------- 1.056338% 0.989382% 0.000000% 0.000000% 0.000000% 0.000000% -------- -------- -------- -------- -------- --------
REO TOTAL - --------------------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 6 1,932,770.88 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ----- ---------- ----- ------------ 0 0.00 6 1,932,770.88
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 1.056338% 0.989382% 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% 1.056338% 0.989382% -------- -------- -------- --------
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.285346% Weighted Average Net Coupon 3.035346% Weighted Average Pass-Through Rate 3.035346% Weighted Average Maturity (Stepdown Calculation) 293 Beginning Scheduled Collateral Loan Count 2,723 Number of Loans Paid in Full 7 Ending Scheduled Collateral Loan Count 2,716 Beginning Scheduled Collateral Balance 1,025,861,488.94 Ending Scheduled Collateral Balance 1,020,215,234.01 Ending Actual Collateral Balance at 28-Feb-2003 1,020,215,234.12 Monthly P&I Constant 2,808,594.58 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 8,154,784.69 Ending Scheduled Balance for Premium Loans 1,020,215,234.01 Scheduled Principal 0.00 Unscheduled Principal 5,646,254.93
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.263751 3.376686 3.285346 Weighted Average Net Rate 3.013751 3.126686 3.035346 Pass-Through Rate 3.013751 3.126686 3.035346 Weighted Average Maturity 293 293 293 Record Date 02/28/2003 02/28/2003 02/28/2003 Principal and Interest Constant 2,256,605.12 551,989.46 2,808,594.58 Beginning Loan Count 2,154 569 2,723 Loans Paid in Full 6 1 7 Ending Loan Count 2,148 568 2,716 Beginning Scheduled Balance 829,696,569.23 196,164,919.71 1,025,861,488.94 Ending Scheduled Balance 824,863,973.84 195,351,260.17 1,020,215,234.01 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 4,832,595.39 813,659.54 5,646,254.93 Scheduled Interest 2,256,602.55 551,989.45 2,808,592.00 Servicing Fee 172,853.45 40,867.69 213,721.14 Master Servicing Fee 0.00 0.00 0.00 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 2,083,749.10 511,121.76 2,594,870.86 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 393,140,179.29 Six Month LIBOR Loans 431,723,794.55 Pro Rata Senior Percentage 96.669626% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
Group 2 Pro Rata Senior Percentage 96.684848% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
-----END PRIVACY-ENHANCED MESSAGE-----