EX-10.1 3 f95559hexv10w1.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: NOVEMBER 28, 2003 DISTRIBUTION DATE: DECEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Current Class CUSIP Description Rate Certificate Balance Distribution Distribution Realized Loss ---------------------------------------------------------------------------------------------------------------- 1A 81743VAA1 SEN 1.52000% 727,556,908.98 921,572.08 6,048,754.12 0.00 2A-1 81743VAB9 SEN 1.50000% 169,268,901.65 211,586.13 2,277,677.72 0.00 2A-2 81743VAN3 SEN 1.80000% 3,500,000.00 5,250.10 0.00 0.00 X-1A 81743VAC7 IO 1.11462% 0.00 318,640.19 0.00 0.00 X-1B 81743VAD5 IO 1.19491% 0.00 382,877.68 0.00 0.00 X-2 81743VAP8 IO 1.21112% 0.00 174,369.53 0.00 0.00 X-B 81743VAE3 IO 0.65450% 0.00 14,030.76 0.00 0.00 A-R 81743VAF0 SEN 3.37722% 0.00 0.00 0.00 0.00 B-1 81743VAG8 SUB 1.92000% 12,600,000.00 20,160.00 0.00 0.00 B-2 81743VAH6 SUB 1.92000% 8,400,000.00 13,440.00 0.00 0.00 B-3 81743VAJ2 SUB 2.52000% 4,725,000.00 9,922.50 0.00 0.00 B-4 SMT0210B4 SUB 2.68470% 2,625,000.00 5,872.78 0.00 0.00 B-5 SMT0210B5 SUB 2.68470% 2,100,000.00 4,698.23 0.00 0.00 B-6 SMT0210B6 SUB 2.68470% 3,685,162.00 8,244.63 0.00 0.00 ------------------------------------------------------------------------------------------------------------ Totals 934,460,972.63 2,090,664.51 8,326,431.84 0.00 ------------------------------------------------------------------------------------------------------------ Ending Certificate Total Cumulative Class Balance Distribution Realized Loss ------------------------------------------------------------ 1A 721,508,154.86 6,970,326.20 0.00 2A-1 166,991,223.93 2,489,263.85 0.00 2A-2 3,500,000.00 5,250.00 0.00 X-1A 0.00 318,640.19 0.00 X-1B 0.00 382,877.68 0.00 X-2 0.00 174,369.53 0.00 X-B 0.00 14,030.76 0.00 A-R 0.00 0.00 0.00 B-1 12,600,000.00 20,160.00 0.00 B-2 8,400,000.00 13,400.00 0.00 B-3 4,725,000.00 9,922.50 0.00 B-4 2,625,000.00 5,872.78 0.00 B-5 2,100,000.00 4,698.23 0.00 B-6 3,685,162.00 8,244.63 0.00 --------------------------------------------------------- Totals 926,134,540.79 10,417,096.35 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) ------------------------------------------------------------------------------------------------- 1A 822,375,000.00 727,556,908.98 0.00 6,048,754.12 0.00 0.00 2A-1 190,000,000.00 169,268,901.65 0.00 2,277,677.72 0.00 0.00 2A-2 3,500,000.00 3,500,000.00 0.00 0.00 0.00 0.00 X-1A 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 X-2 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 A-R 100.00 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 B-2 8,400,000.00 8,400,000.00 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 B-4 2,625,000.00 2,625,000.00 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 B-6 3,685,162.00 3,685,162.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 934,460,972.63 0.00 8,326,431.84 0.00 0.00 ---------------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution ----------------------------------------------------------------------------------- 1A 6,048,754.12 721,508,154.86 0.87734690 6,048,754.12 2A-1 2,277,677.72 166,991,223.93 0.87890118 2,277,677.72 2A-2 0.00 3,500,000.00 1.00000000 0.00 X-1A 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 12,600,000.00 1.00000000 0.00 B-2 0.00 8,400,000.00 1.00000000 0.00 B-3 0.00 4,725,000.00 1.00000000 0.00 B-4 0.00 2,625,000.00 1.00000000 0.00 B-5 0.00 2,100,000.00 1.00000000 0.00 B-6 0.00 3,685,162.00 1.00000000 0.00 --------------------------------------------------------------------------------- Totals 8,326,431.84 926,134,540.79 0.88202428 8,326,431.84 ---------------------------------------------------------------------------------
(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
Scheduled Unscheduled Original Face Beginning Principal Principal Realized Class Amount Certificate Balance Distribution Distribution Accretion Loss (3) ---------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 884.70212370 0.00000000 7.35522617 0.00000000 0.00000000 2A-1 190,000,000.00 890.88895605 0.00000000 11.98777747 0.00000000 0.00000000 2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 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 B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Total Principal Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution -------------------------------------------------------------------------------- 1A 7.35522617 877.34689753 0.87734690 7.35522617 2A-1 11.98777747 878.90117858 0.87890118 11.98777747 2A-2 0.00000000 1000.00000000 1.00000000 0.00000000 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 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 Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ----------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.52000% 727,556,908.98 921,572.08 0.00 0.00 0.00 0.00 2A-1 190,000,000.00 1.50000% 169,268,901.65- 211,586.13 0.00 0.00 0.00 0.00 2A-2 3,500,000.00 1.80000% 3,500,000.00 5,250.00 0.00 0.00 0.00 0.00 X-1A 0.00 1.11462% 343,047,870.29 318,640.19 0.00 0.00 0.00 0.00 X-1B 0.00 1.19491% 384,509,038.69 382,877.68 0.00 0.00 0.00 0.00 X-2 0.00 1.21112% 172,768,901.65 174,369.53 0.00 0.00 0.00 0.00 X-B 0.00 0.65450% 25,725,000.00 14,030.76 0.00 0.00 0.00 0.00 A-R 100.00 3.37722% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 1.92000% 12,600,000.00 20,160.00 0.00 0.00 0.00 0.00 B-2 8,400,000.00 1.92000% 8,400,000.00 13,440.00 0.00 0.00 0.00 0.00 B-3 4,725,000.00 2.52000% 4,725,000.00 9,922.50 0.00 0.00 0.00 0.00 B-4 2,625,000.00 2.68470% 2,625,000.00 5,872.78 0.00 0.00 0.00 0.00 B-5 2,100,000.00 2.68470% 2,100,000.00 4,698.23 0.00 0.00 0.00 0.00 B-6 3,685,162.00 2.68470% 3,685,162.00 8,244.63 0.00 0.00 0.00 0.00 --------------------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 2,090,664.51 0.00 0.00 0.00 --------------------------------------------------------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance ----------------------------------------------------- 1A 921,572.08 0.00 721,508,154.86 2A-1 211,586.13 0.00 166,991,223.93 2A-2 5,250.00 0.00 3,500,000.00 X-1A 318,640.19 0.00 340,037,134.52 X-1B 382,877.68 0.00 381,471,020.33 X-2 174,369.53 0.00 170,491,223.93 X-B 14,030.76 0.00 25,725,000.00 A-R 0.00 0.00 0.00 B-1 20,160.00 0.00 12,600,000.00 B-2 13,440.00 0.00 8,400,000.00 B-3 9,922.50 0.00 4,725,000.00 B-4 5,872.78 0.00 2,625,000.00 B-5 4,698.23 0.00 2,100,000.00 B-6 8,244.63 0.00 3,685,162.00 ----------------------------------------------------- Totals 2,090,664.51 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 Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) --------------------------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.52000% 884.70212370 1.12062268 0.00000000 0.00000000 0.00000000 0.00000000 2A-1 190,000,000.00 1.50000% 890.88895605 1.11361121 0.00000000 0.00000000 0.00000000 0.00000000 2A-2 3,500,000.00 1.80000% 1000.00000000 1.50000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.11462% 872.98464192 0.81087223 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.19491% 895.42484451 0.89162582 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.21112% 892.86254083 0.90113452 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.65450% 1000.00000000 0.54541341 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.37722% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 1.92000% 1000.00000000 1.60000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 1.92000% 1000.00000000 1.60000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 2.52000% 1000.00000000 2.10000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 2.68470% 1000.00000000 2.23724952 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 2.68470% 1000.00000000 2.23725238 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 2.68470% 1000.00000000 2.23725036 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance ----------------------------------------------------------------- 1A 1.12062268 0.00000000 877.34689753 2A-1 1.11361121 0.00000000 878.90117858 2A-2 1.50000000 0.00000000 1000.00000000 X-1A 0.81087223 0.00000000 865.32295293 X-1B 0.89162582 0.00000000 888.35006383 X-2 0.90113452 0.00000000 881.09159654 X-B 0.54541341 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.60000000 0.00000000 1000.00000000 B-2 1.60000000 0.00000000 1000.00000000 B-3 2.10000000 0.00000000 1000.00000000 B-4 2.23724952 0.00000000 1000.00000000 B-5 2.23725238 0.00000000 1000.00000000 B-6 2.23725036 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 10,611,775.71 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3,085.15 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,614,860.86 Withdrawals Reimbursement for Servicer Advances 3,085.15 Payment of Service Fee 194,679.36 Payment of Interest and Principal 10,417,096.35 ------------- Total Withdrawals (Pool Distribution Amount) 10,614,860.86 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 194,679.36 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 194,679.36 ==========
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 3 1,315,871.08 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 -------- ------------ -------- -------- -------- -------- 3 1,315,871.08 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 0.121408% 0.142082% 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% -------- ------------ -------- -------- -------- -------- 0.121408% 0.142082% 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 1,315,871.08 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 3 1,315,871.08 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 0.121408% 0.142082% 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% 0.121408% 0.142082%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3,085.15
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% 926,134,540.79 100.00000000% 96.314233% 0.000000% Class 1A 227,635,162.00 21.67932736% 204,626,385.93 22.09467166% 77.905328% 2,113.680184% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 4.06368193% 18.030990% 489.205893% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.68576708% 0.379915% 10.253357% Class X-1-A 34,135,162.00 3.25093604% 34,135,162.00 3.68576708% 0.000000% 0.000000% Class X-1-B 34,135,162.00 3.25093604% 34,135,162.00 3.68576708% 0.000000% 0.000000% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.68576708% 0.000000% 0.000000% Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.32527360% 1.360493% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.41827795% 0.906996% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.90809290% 0.510185% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.62465676% 0.283436% 7.690018% Class B-5 3,685,162.00 0.35096438% 5,685,162.00 0.39790785% 0.226749% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.397908% 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 0.01760500% Fraud 31,500,308.00 3.00000001% 18,795,490.62 2.02945574% Special Hazard 11,240,000.00 1.07046573% 10,702,836.20 1.15564594%
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 2 1,027,471.80 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 1,027,471.80 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 0.102302% 0.137153% 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% -------- ------------ -------- -------- -------- -------- 0.102302% 0.137153% 0.000000% 0.000000% 0.000000% 0.000000% GROUP 1 -------------------------------------------------------------------------- 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 1,027,471.80 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 1,027,471.80 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 0.102302% 0.137153% 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% 0.102302% 0.137153%
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 1 288,399.28 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 -------- ---------- -------- -------- -------- -------- 1 288,399.28 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 0.193798% 0.162943% 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% -------- ---------- -------- -------- -------- -------- 0.193798% 0.162943% 0.000000% 0.000000% 0.000000% 0.000000% GROUP 2 ------------------------------------------------------------------------ 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 1 288,399.28 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 1 288,399.28 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 0.193798% 0.162943% 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% 0.193798% 0.162943%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 2.934754% Weighted Average Net Coupon 2.684754% Weighted Average Pass-Through Rate 2.684754% Weighted Average Maturity (Stepdown Calculation) 284 Beginning Scheduled Collateral Loan Count 2,487 Number of Loans Paid in Full 16 Ending Scheduled Collateral Loan Count 2,471 Beginning Scheduled Collateral Balance 934,460,972.63 Ending Scheduled Collateral Balance 926,134,540.79 Ending Actual Collateral Balance at 28-Nov-2003 926,134,542.27 Monthly P&I Constant 2,285,343.87 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,340,727.45 Ending Scheduled Balance for Premium Loans 926,134,540.79 Scheduled Principal 0.00 Unscheduled Principal 8,326,431.84
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 2.927052 2.967195 2.934754 Weighted Average Net Rate 2.677052 2.717195 2.684754 Pass-Through Rate 2.677052 2.717195 2.684754 Weighted Average Maturity 284 284 284 Record Date 11/28/2003 11/28/2003 11/28/2003 Principal and Interest Constant 1,842,064.56 443,279.31 2,285,343.87 Beginning Loan Count 1,966 521 2,487 Loans Paid in Full 11 5 16 Ending Loan Count 1,955 516 2,471 Beginning Scheduled Balance 755,188,905.98 179,272,066.65 934,460,972.63 Ending Scheduled Balance 749,140,151.86 176,994,388.93 926,134,540.79 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 6,048,754.12 2,277,677.72 8,326,431.84 Scheduled Interest 1,842,064.56 443,279.31 2,285,343.87 Servicing Fee 157,331.02 37,348.34 194,679.36 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 1,684,733.54 405,930.97 2,090,664.51 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 353,059,724.80 Six Month LIBOR Loans 396,080,427.06 Pro Rata Senior Percentage 96.341048% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group 2 Pro Rata Senior Percentage 96.372461% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%