EX-10.1 3 f91335cexv10w1.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 2002-8 RECORD DATE: MAY 30, 2003 DISTRIBUTION DATE: JUNE 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
--------------------------------------------------------------------------------------------------------------------------------- Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss --------------------------------------------------------------------------------------------------------------------------------- 1-A1 81743RAA0 SEN 1.44813% 4,513,768.18 5,628.67 4,513,768.18 0.00 1-A2 81743RAB8 SEN 3.45500% 61,468,000.00 176,976.62 2,008,065.26 0.00 2A 81743RAC6 SEN 1.61813% 427,094,596.60 575,912.15 6,163,106.01 0.00 3A 81743RAD4 SEN 3.23797% 43,910,430.37 118,484.00 18,227.47 0.00 X-1 81743RAE2 IO 1.96759% 0.00 108,187.26 0.00 0.00 X-2A 81743RAFf9 IO 0.96476% 0.00 140,155.12 0.00 0.00 X-2B 81743AFG7 IO 1.31446% 0.00 276,874.37 0.00 0.00 X-B 81743RAH5 IO 1.27856% 0.00 9,622.72 0.00 0.00 A-R 81743RAJ1 SEN 5.37281% 0.00 0.00 0.00 0.00 B-1 81743RAK8 SUB 1.99313% 9,069,000.00 15,063.08 0.00 0.00 B-2 81743RAL6 SUB 3.27169% 5,505,000.00 15,008.88 0.00 0.00 B-3 81743RAM4 SUB 3.27169% 3,886,000.00 10,594.83 0.00 0.00 B-4 SMT0208B4 SUB 3.27169% 1,618,000.00 4,411.33 0.00 0.00 B-5 SMT0208B5 SUB 3.27169% 970,000.00 2,644.62 0.00 0.00 B-6 SMT0208B6 SUB 3.27169% 2,306,324.82 6,287.98 0.00 0.00 --------------------------------------------------------------------------------------------------------------- Totals 560,341,119.97 1,465,891.63 12,703,166.92 0.00 ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------- Ending Certificate Total Cumulative Class Balance Distribution Realized Loss ---------------------------------------------------------------- 1-A1 0.00 4,519,396.85 0.00 1-A2 59,459,934.74 2,185,041.88 0.00 2A 420,931,490.59 6,739,018.16 0.00 3A 43,892,202.90 136,711.47 0.00 X-1 0.00 108,187.26 0.00 X-2A 0.00 140,155.12 0.00 X-2B 0.00 276,874.37 0.00 X-B 0.00 9,662.72 0.00 A-R 0.00 0.00 0.00 B-1 9,069,000.00 15,063.08 0.00 B-2 5,505,000.00 15,008.88 0.00 B-3 3,886,000.00 10,594.83 0.00 B-4 1,618,000.00 4,411.33 0.00 B-5 970,000.00 2,644.62 0.00 B-6 2,306,324.82 6,287.98 0.00 ---------------------------------------------- Totals 547,637,953.05 14,169,058.55 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 ------------------------------------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 4,513,768.18 0.00 4,513,768.18 0.00 0.00 4,513,768.18 1-A2 61,468,000.00 61,468,000.00 0.00 2,008,065.26 0.00 0.00 2,008,065.26 2A 463,097,000.00 427,094,596.60 0.00 6,163,106.01 0.00 0.00 6,163,106.01 3A 49,973,000.00 43,910,430.37 0.00 18,227.47 0.00 0.00 18,227.47 X-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2B 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 9,069,000.00 9,069,000.00 0.00 0.00 0.00 0.00 0.00 B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 0.00 0.00 B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 0.00 0.00 B-5 970,000.00 970,000.00 0.00 0.00 0.00 0.00 0.00 B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 0.00 0.00 ------------------------------------------------------------------------------------------------------------- Totals 647,892,424.82 560,341,119.97 0.00 12,703,166.92 0.00 0.00 12,703,166.92 ------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution -------------------------------------------------------------------- 1-A1 0.00 0.00000000 4,513,768.18 1-A2 59,459,934.74 0.96733153 2,008,065.26 2A 420,931,490.59 0.90894886 6,163,106.01 3A 43,892,202.90 0.87831835 18,227.47 X-1 0.00 0.00000000 0.00 X-2A 0.00 0.00000000 0.00 X-2B 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 9,069,000.00 1.00000000 0.00 B-2 5,505,000.00 1.00000000 0.00 B-3 3,886,000.00 1.00000000 0.00 B-4 1,618,000.00 1.00000000 0.00 B-5 970,000.00 1.00000000 0.00 B-6 2,306,324.82 1.00000000 0.00 --------------------------------------------------------- Totals 547,637,953.05 0.84526062 12,703,166.92 -------------------------------------------------------------------
(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 --------------------------------------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 90.27536360 0.00000000 90.27536360 0.00000000 0.00000000 90.27536360 1-A2 61,468,000.00 1000.00000000 0.00000000 32.66846587 0.00000000 0.00000000 32.66846587 2A 463,097,000.00 922.25731672 0.00000000 13.30845592 0.00000000 0.00000000 13.30845592 3A 49,973,000.00 878.68309627 0.00000000 0.36474636 0.00000000 0.00000000 0.36474636 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 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 9,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution ------------------------------------------------------------------- 1-A1 0.00000000 0.00000000 90.27536360 1-A2 967.33153413 0.96733153 32.66846587 2A 908.94886080 0.90894886 13.30845592 3A 878.31834991 0.87831835 0.36574636 X-1 0.00000000 0.00000000 0.00000000 X-2A 0.00000000 0.00000000 0.00000000 X-2B 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
---------------------------------------------------------------------------------------------------------------------------- Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall ---------------------------------------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 1.44813% 4,513,768.18 5,628.67 0.00 0.00 0.00 1-A2 61,468,000.00 3.45500% 61,468,000.00 176,976.62 0.00 0.00 0.00 2A 463,097,000.00 1.61813% 427,094,596.60 575,912.15 0.00 0.00 0.00 3A 49,973,000.00 3.23797% 43,910,430.37 118,484.00 0.00 0.00 0.00 X-1 0.00 1.96759% 65,981,768.18 108,187.26 0.00 0.00 0.00 X-2A 0.00 0.96476% 174,330,306.43 140,155.12 0.00 0.00 0.00 X-2B 0.00 1.31446% 252,764,290.17 276,874.37 0.00 0.00 0.00 X-B 0.00 1.27856% 9,069,000.00 9,662.72 0.00 0.00 0.00 A-R 100.00 5.37281% 0.00 0.00 0.00 0.00 0.00 B-1 9,069,000.00 1.99313% 9,069,000.00 15,063.08 0.00 0.00 0.00 B-2 5,505,000.00 3.27169% 5,505,000.00 15,008.88 0.00 0.00 0.00 B-3 3,886,000.00 3.27169% 3,886,000.00 10,594.83 0.00 0.00 0.00 B-4 1,618,000.00 3.27169% 1,618,000.00 4,411.33 0.00 0.00 0.00 B-5 970,000.00 3.27169% 970,000.00 2,644.62 0.00 0.00 0.00 B-6 2,306,324.82 3.27169% 2,306,324.82 6,287.98 0.00 0.00 0.00 ------------------------------------------------------------------------------------------------------------------------- Totals 647,892,424.82 1,465,891.63 0.00 0.00 0.00 ------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance ---------------------------------------------------------------------- 1-A1 0.00 5,628.67 0.00 0.00 1-A2 0.00 176,976.62 0.00 59,459,934.74 2A 0.00 575,912.15 0.00 420,931,490.59 3A 0.00 118,484.00 0.00 43,892,202.90 X-1 0.00 108,187.26 0.00 59,459,934.74 X-2A 0.00 140,155.12 0.00 172,686,748.00 X-2B 0.00 276,874.37 0.00 248,244,742.58 X-B 0.00 9,662.72 0.00 9,069,000.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 15,063.08 0.00 9,069,000.00 B-2 0.00 15,008.88 0.00 5,505,000.00 B-3 0.00 10,594.83 0.00 3,886,000.00 B-4 0.00 4,411.33 0.00 1,618,000.00 B-5 0.00 2,644.62 0.00 970,000.00 B-6 0.00 6,287.98 0.00 2,306,324.82 ---------------------------------------------------------------------- Totals 0.00 1,465,891.63 0.00 ----------------------------------------------------------------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
-------------------------------------------------------------------------------------------------------------------- Payment of Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall -------------------------------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 1.44813% 90.27536360 0.11257340 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 3.45500% 1000.00000000 2.87916672 0.00000000 0.00000000 0.00000000 2A 463,097,000.00 1.61813% 922.25731672 1.24361019 0.00000000 0.00000000 0.00000000 3A 49,973,000.00 3.23797% 878.68309627 2.37096032 0.00000000 0.00000000 0.00000000 X-1 0.00 1.96759% 591.93461962 0.97056788 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.96476% 925.49334178 0.74406242 0.00000000 0.00000000 0.00000000 X-2B 0.00 1.31446% 920.03860028 1.00779706 0.00000000 0.00000000 0.00000000 X-B 0.00 1.27856% 1000.00000000 1.06546698 0.00000000 0.00000000 0.00000000 A-R 100.00 5.37281% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1.99313% 1000.00000000 1.66094167 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 3.27169% 1000.00000000 2.72640872 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 3.27169% 1000.00000000 2.72641019 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 3.27169% 1000.00000000 2.72640915 0.00000000 0.00000000 0.00000000 B-5 970,000.00 3.27169% 1000.00000000 2.72641237 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 3.27169% 1000.00000000 2.72640694 0.00000000 0.00000000 0.00000000 --------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------- Remaining Unpaid Class Realized Total Interest Interest Ending Certificate/ (5) Loss (6) Distribution Shortfall Notational Balance ----------------------------------------------------------------------------- 1-A1 0.00000000 0.11257340 0.00000000 0.00000000 1-A2 0.00000000 2.87916672 0.00000000 967.33153413 2A 0.00000000 1.24361019 0.00000000 908.94886080 3A 0.00000000 2.37096032 0.00000000 878.31834991 X-1 0.00000000 0.97056788 0.00000000 533.42604819 X-2A 0.00000000 0.74406242 0.00000000 916.76793760 X-2B 0.00000000 1.00779706 0.00000000 903.58786574 X-B 0.00000000 1.06546698 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.66094167 0.00000000 1000.00000000 B-2 0.00000000 2.72640872 0.00000000 1000.00000000 B-3 0.00000000 2.72641019 0.00000000 1000.00000000 B-4 0.00000000 2.72640915 0.00000000 1000.00000000 B-5 0.00000000 2.72641237 0.00000000 1000.00000000 B-6 0.00000000 2.72640694 0.00000000 1000.00000000 ---------------------------------------------------------------------------
(5) Per $1 denomination (6) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 14,344,675.33 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 924.49 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 14,345,599.82 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 176,541.27 Payment of Interest and Principal 14,169,058.55 ------------- Total Withdrawals (Pool Distribution Amount) 14,345,599.82 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 172,338.70 Master Servicing Fee 4,202.57 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 176,541.27 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ----------------------------------------------------------------------------------------------------- Class X-1 Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00 Class X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-B Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00 -----------------------------------------------------------------------------------------------------
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
-------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE -------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 2 359,999.90 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- ---------- -------- --------- -------- -------- 2 359,999.90 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 0.139470% 0.065737% 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% ----------- ---------- -------- -------- -------- -------- 0.139470% 0.065737% 0.000000% 0.000000% 0.000000% 0.000000% ------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------- REO TOTAL ---------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 2 359,999.90 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- --------- --------- ---------- 0 0.00 2 359,999.90 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 0.139470% 0.065737% 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% 0.139470% 0.065737% ----------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 924.49
Original $ Original% Current $ Current % Current Class % Prepayment % -------------- ----------- -------------- ------------ --------------- ------------ Class A 647,892,324.82 99.99998457% 547,637,953.05 100.00000000% 95.735444% 0.000000% Class 1-A-1 597,892.324.82 92.28265402% 547,637,953.05 100.00000000% 0.000000% 0.000000% Class 1-A-2 536,424,324.82 82.79527654% 488,178,018.31 89.14247371% 10.857526% 254.599245% Class 2A 73,327,324.82 11.31782407% 67,246,527.72 12.27937679% 76.863097% 1,802.370627% Class 3A 23,354,324.82 3.60466089% 23,354,324.82 4.26455557% 8.014821% 187.940363% Class X-1 23,354,324.82 3.60466089% 23,354,324.82 4.26455557% 0.000000% 0.000000% Class B-1 14,285,324.82 2.20489147% 14,283,324.82 2.60853448% 1.656021% 38.832208% Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.60330831% 1.005226% 23.571651% Class B-3 4,894,324.82 0.75542245% 4,894,324.82 0.89371542% 0.709593% 16.639316% Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.59826475% 0.295451% 6.928053% Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.42114043% 0.177124% 4.153406% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.421140% 9.875365%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 126,045.00 0.01945462% 126,045.00 0.02301612% Fraud 19,436,773.00 3.00000004% 19,436,773.00 3.54920124% Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 2.83024577%
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 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------------------- --------------------- ---------------------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- -------------------- --------------------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% ------------------------------------------------------------------------------------------------------------ --------------------------------------------------------------------- REO TOTAL --------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------------------- --------------------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- -------------------- 0.000000% 0.000000% 0.000000% 0.000000% --------------------------------------------------------------------
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 1 243,999.90 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 ---------------------- --------------------- ---------------------- 1 243,999.90 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 0.085690% 0.055679% 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% -------------------- -------------------- --------------------- 0.085690% 0.055679% 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 1 243,999.90 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 1 243,999.90 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 0.085690% 0.055679% 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% 0.085690% 0.055679% ---------------------------------------------------------------------
Group 3
------------------------------------------------------------------------------------------------------------- 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 1 116,000.00 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 ---------------------- --------------------- ---------------------- 1 116,000.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.724638% 0.253334% 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% -------------------- -------------------- --------------------- 0.724638% 0.253334% 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 1 116,000.00 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 1 116,000.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.724638% 0.253334% 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% 0.724638% 0.253334% ---------------------------------------------------------------------
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.517357% Weighted Average Net Coupon 3.148284% Weighted Average Pass-Through Rate 3.139284% Weighted Average Maturity (Stepdown Calculation) 321 Beginning Scheduled Collateral Loan Count 1,462 Number of Loans Paid in Full 28 Ending Scheduled Collateral Loan Count 1,434 Beginning Scheduled Collateral Balance 560,341,119.97 Ending Scheduled Collateral Balance 547,637,953.05 Ending Actual Collateral Balance at 30-May-2003 547,639,071.28 Monthly P&I Constant 1,642,432.91 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 14,105,385.12 Ending Scheduled Balance for Premium Loans 547,637,953.05 Scheduled Principal 0.00 Unscheduled Principal 12,703,166.92
MISCELLANEOUS REPORTING One Month Libor Loan Balance 179,781,631.23 Six Month Libor Loan Balance - POOL 1 63,623,217.63 Six Month Libor Loan Balance - POOL 2 258,443,947.10 Six Month Libor Loan Balance - POOL 3 45,789,157.09 Pro Rata Senior Percent 95.832124% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 3 TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.547598 3.186107 3.621973 3.517357 Weighted Average Net Rate 5.297598 2.798850 3.246973 3.148284 Pass-Through Rate 5.288598 2.789850 3.237973 3.139284 Weighted Average Maturity 345 312 349 321 Record Date 05/30/2003 05/30/2003 05/30/2003 05/30/2003 Principal and Interest Constant 324,280.47 1,179,891.50 138,260.94 1,642,432.91 Beginning Loan Count 143 1,181 138 1,462 Loans Paid in Full 14 14 0 28 Ending Loan Count 129 1,167 138 1,434 Beginning Scheduled Balance 70,145,051.07 444,388,684.34 45,807,384.56 560,341,119.97 Ending Scheduled Balance 63.623,217.63 438,225,578.33 45,789,157.09 547,637,953.05 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 6,521,833.44 6,163,106.01 18,227.47 12,703,166.92 Scheduled Interest 324,280.47 1,179,891.50 138,260.94 1,642,432.91 Servicing Fee 14,613.55 143,410.34 14,314.81 172,338.70 Master Servicing Fee 526.09 3,332.92 343.56 4,202.57 Trustee Fee 0.00 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 Net Interest 309,140.83 1,033,148.24 123,602.57 1,465,891.64 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00