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 2003-2
Record Date: October 31, 2003
Distribution Date: November 20, 2003

Certificateholder Distribution Summary

                                                          Certificate          
Beginning                       Class   Certificate   Certificate   Interest
Class   CUSIP   Description   Pass-Through Rate   Balance   Distribution

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 
A-1
  81743PAP1   SEN     1.45000 %     470,625,022.07       568,671.90    
A-2
  81743PAQ9   SEN     1.54625 %     280,625,075.93       361,597.10    
M-1
  81743PAR7   SUB     1.77000 %     11,480,000.00       16,933.10    
M-2
  81743PAS5   SUB     2.55000 %     4,920,000.00       10,455.00    
X
  SMT03002X   IO     0.00000 %     0.00       719,081.31    
R
  SMT03002R   SUB     0.00000 %     0.00       0.00  
 
                           

--------------------------------------------------------------------------------

         
Totals
                            767,650,098.00          
 
                           

--------------------------------------------------------------------------------

         

[Additional columns below]

[Continued from above table, first column(s) repeated]

                                                  Principal   Current   Ending
Certificate   Total   Cumulative Class   Distribution   Realized Loss   Balance
  Distribution   Realized Loss

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 
A-1
    5,724,256.45       0.00       464,900,765.62       6,292,928.35       0.00  
 
A-2
    3,836,043.63       0.00       276,789,032.30       4,197,640.73       0.00  
 
M-1
    0.00       0.00       11,480,000.00       16,933.00       0.00    
M-2
    0.00       0.00       4,920,000.00       10,455.00       0.00    
X
    0.00       0.00       0.00       719,083.31       0.00    
R
    0.00       0.00       0.00       0.00       0.00  
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 
Totals
    9,560,300.08       0.00       758,089,797.92       11,237,040.39       0.00
 
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 

All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement

                                                                  Beginning  
Scheduled   Unscheduled                       Original Face   Certificate  
Principal   Principal           Realized Class   Amount   Balance   Distribution
  Distribution   Accretion   Loss (1)

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 
A-1
    500,000,000.00       470,625,022.07       0.00       5,724,256.45       0.00
      0.00    
A-2
    303,600,000.00       280,625,075.93       0.00       3,836,043.63       0.00
      0.00    
M-1
    11,480,000.00       11,480,000.00       0.00       0.00       0.00      
0.00    
M-2
    4,920,000.00       4,920,000.00       0.00       0.00       0.00       0.00
   
X
    0.00       0.00       0.00       0.00       0.00       0.00    
R
    0.00       0.00       0.00       0.00       0.00       0.00    
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 
Totals
    820,000,000.00       767,650,098.00       0.00       9,560,300.08       0.00
      0.00    
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 

[Additional columns below]

#091;Continued from above table, first column(s) repeated]

                                          Total Principal   Ending Certificate  
Ending Certificate   Total Principal Class   Reduction   Balance   Percentage  
Distribution

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 
A-1
    5,724,256.45       464,900,765.62       0.92980153       5,724,256.45    
A-2
    3,836,043.63       276,789,032.30       0.91168983       3,836,043.63    
M-1
    0.00       11,480,000.00       1.00000000       0.00    
M-2
    0.00       4,920,000.00       1.00000000       0.00    
X
    0.00       0.00       0.00000000       0.00    
R
    0.00       0.00       0.00000000       0.00    
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 
Totals
    9,560,300.08       758,089,797.92       0.92449975       9,560,300.08    
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 

(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 Class   Amount   Balance   Distribution
  Distribution   Accretion   Loss (3)

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

A-1
    500,000,000.00       941.25004414       0.00000000       11.44851290      
0.00000000       0.00000000  
A-2
    303,600,000.00       924.32501953       0.00000000       12.63518982      
0.00000000       0.00000000  
M-1
    11,480,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
M-2
    4,920,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
X
    0.00       0.00000000       0.00000000       0.00000000       0.00000000    
  0.00000000  
R
    0.00       0.00000000       0.00000000       0.00000000       0.00000000    
  0.00000000  

[Additional columns below]

[Continued from above table, first column(s) repeated]

                                      Total Principal   Ending Certificate  
Ending Certificate   Total Principal Class   Reduction   Balance   Percentage  
Distribution

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

A-1
    11.44851290       929.80153124       0.92980153       11.44851290  
A-2
    12.63518982       911.68982971       0.91168983       12.63518982  
M-1
    0.00000000       1000.00000000       1.00000000       0.00000000  
M-2
    0.00000000       1000.00000000       1.00000000       0.00000000  
X
    0.00000000       0.00000000       0.00000000       0.00000000  
R
    0.00000000       0.00000000       0.00000000       0.00000000  

(3)  Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.

Interest Distribution Statement

                                                                  Beginning    
      Payment of                       Certificate/   Current   Unpaid      
Original Face   Current   Notional   Accrued   Interest Class   Amount  
Certificate Rate   Balance   Interest   Shortfall

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 
A-1
    500,000,000.00       1.45000 %     470,625,022.70       568,671.90      
0.00    
A-2
    303,600,000.00       1.54625 %     280,625,075.93       361,597.10      
0.00    
M-1
    11,480,000.00       1.77000 %     11,480,000.00       16,933.00       0.00  
 
M-2
    4,920,000.00       2.55000 %     4,920,000.00       10,455.00       0.00    
X
    0.00       0.00000 %     767,650,098.00       0.00       0.00    
R
    0.00       0.00000 %     0.00       0.00       0.00  
 
   

--------------------------------------------------------------------------------

                     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 
Totals
    820,000,000.00                       956,657.00       0.00  
 
   

--------------------------------------------------------------------------------

                     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 

[Additional columns below]

[Continued from above table, first column(s) repeated]

                                                                  Non-          
        Remaining   Ending       Current   Supported                   Unpaid  
Certificate/       Interest   Interest   Realized   Total Interest   Interest  
Notational Class   Shortfall   Shortfall   Loss (4)   Distribution   Shortfall  
Balance

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 
A-1
    0.00       0.00       0.00       568,671.90       0.00       464,900,765.62
   
A-2
    0.00       0.00       0.00       361,597.10       0.00       276,789,032.30
   
M-1
    0.00       0.00       0.00       16,933.00       0.00       11,480,000.00  
 
M-2
    0.00       0.00       0.00       10,455.00       0.00       4,920,000.00    
X
    0.00       0.00       0.00       719,083.31       0.00       758,089,797.92
   
R
    0.00       0.00       0.00       0.00       0.00       0.00  
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

         
Totals
    0.00       0.00       0.00       1,676,740.31       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           Unpaid Class   Original
Face   Certificate   Certificate/   Current Accrued   Interest (5)   Amount  
Rate   Notional Balance   Interest   Shortfall

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

A-1
    500,000,000.00       1.45000 %     941.25004414       1.13734380      
0.00000000  
A-2
    303,600,000.00       1.54625 %     924.32501953       1.19103129      
0.00000000  
M-1
    11,480,000.00       1.77000 %     1000.00000000       1.47500000      
0.00000000  
M-2
    4,920,000.00       2.55000 %     1000.00000000       2.12500000      
0.00000000  
X
    0.00       0.00000 %     936.15865610       0.00000000       0.00000000  
R
    0.00       0.00000 %     0.00000000       0.00000000       0.00000000  

[Additional columns below]

[Continued from above table, first column(s) repeated]

                                                              Non-              
    Remaining         Current   Supported                   Unpaid     Class  
Interest   Interest   Realized   Total Interest   Interest   Ending Certificate/
(5)   Shortfall   Shortfall   Loss (6)   Distribution   Shortfall   Notational
Balance

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

A-1
    0.00000000       0.00000000       0.00000000       1.13734380      
0.00000000       929.80153124  
A-2
    0.00000000       0.00000000       0.00000000       1.19103129      
0.00000000       911.68982971  
M-1
    0.00000000       0.00000000       0.00000000       1.47500000      
0.00000000       1000.00000000  
M-2
    0.00000000       0.00000000       0.00000000       2.12500000      
0.00000000       1000.00000000  
X
    0.00000000       0.00000000       0.00000000       0.87693087      
0.00000000       924.49975356  
R
    0.00000000       0.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  

(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
    11,481,508.41    
Liquidations, Insurance Proceeds, Reserve Funds
    0.00    
Proceeds from Repurchased Loans
    0.00    
Other Amounts (Servicer Advances)
    7,819.78    
Realized Losses
    0.00    
Prepayment Penalties
    0.00  
 
   

--------------------------------------------------------------------------------

 
Total Deposits
    11,489,328.19  
Withdrawals
         
Reimbursement for Servicer Advances
    5,934.62    
Payment of Service Fee
    246,353.17    
Payment of Interest and Principal
    11,237,040.40  
 
   

--------------------------------------------------------------------------------

 
Total Withdrawals (Pool Distribution Amount)
    11,489,328.19  
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
    241,863.25  
Master Servicing Fee
    4,489.92  
Supported Prepayment/Curtailment Interest Shortfall
    0.00  
 
   

--------------------------------------------------------------------------------

 
Net Servicing Fee
    246,353.17  
 
   

--------------------------------------------------------------------------------

 

 

--------------------------------------------------------------------------------

 

                                      Beginning   Current   Current   Ending
Account Type   Balance   Withdrawals   Deposits   Balance

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

Reserve Fund
    10,000.00       0.00       0.00       10,000.00  

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
    5       1,581,813.36     30 Days     0       0.00     30 Days     0      
0.00  
60 Days
    2       1,699,399.99     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  
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

             

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

             

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 
 
    7       3,281,213.35               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
    0.236855 %     0.208095 %   30 Days     0.000000 %     0.000000 %   30 Days
    0.000000 %     0.000000 %
60 Days
    0.094742 %     0.223564 %   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 %
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

             

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

             

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 
 
    0.331596 %     0.431659 %             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     5       1,581,813.36  
60 Days
    0       0.00     60 Days     2       1,699,399.99  
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               7       3,281,213.35  

                                              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     0.236855 %     0.208095 %
60 Days
    0.000000 %     0.000000 %   60 Days     0.094742 %     0.223564 %
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 %             0.331596 %     0.431659 %

                                 
Current Period Class A Insufficient Funds:
    0.00     Principal Balance of Contaminated Properties     0.00     Periodic
Advance 7,819.78

--------------------------------------------------------------------------------

 

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
    3       652,113.36     30 Days     0       0.00     30 Days     0       0.00
 
60 Days
    1       199,400.00     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  
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

             

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

             

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 
 
    4       851,513.36               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
    0.235479 %     0.136952 %   30 Days     0.000000 %     0.000000 %   30 Days
    0.000000 %     0.000000 %
60 Days
    0.078493 %     0.041876 %   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 %
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

             

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

             

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 
 
    0.313972 %     0.178828 %             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       652,113.36  
60 Days
    0       0.00     60 Days     1       199,400.00  
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               4       851,513.36  

                                              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     0.235479 %     0.136952 %
60 Days
    0.000000 %     0.000000 %   60 Days     0.078493 %     0.041876 %
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 %             0.313972 %     0.178828 %

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
    2       929,700.00     30 Days     0       0.00     30 Days     0       0.00
 
60 Days
    1       1,499,999.99     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       2,429,699.99               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
    0.238949 %     0.327385 %   30 Days     0.000000 %     0.000000 %   30 Days
    0.000000 %     0.000000 %
60 Days
    0.119474 %     0.528211 %   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 %
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

             

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

             

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

 
 
    0.358423 %     0.855597 %             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       929,700.00  
60 Days
    0       0.00     60 Days     1       1,499,999.99  
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       2,429,699.99  

                                              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     0.238949 %     0.327385 %
60 Days
    0.000000 %     0.000000 %   60 Days     0.119474 %     0.528211 %
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 %             0.358423 %     0.855597 %

 

--------------------------------------------------------------------------------

 

Collateral Statement

          Collateral Description   Mixed Arm
Weighted Average Gross Coupon
    2.998197 %
Weighted Average Net Coupon
    2.621120 %
Weighted Average Pass-Through Rate
    2.614120 %
Weighted Average Maturity (Stepdown Calculation)
    326  
Beginning Scheduled Collateral Loan Count
    2,134  
Number of Loans Paid in Full
    23  
Ending Scheduled Collateral Loan Count
    2,111  
Beginning Scheduled Collateral Balance
    769,700,098.00  
Ending Scheduled Collateral Balance
    760,139,797.92  
Ending Actual Collateral Balance at 31-Oct-2003
    760,139,712.70  
Monthly P&I Constant
    1,923,093.50  
Special Servicing Fee
    0.00  
Prepayment Penalties
    0.00  
Realized Loss Amount
    0.00  
Cumulative Realized Loss
    0.00  
Ending Scheduled Balance for Premium Loans
    760,139,797.92  
Scheduled Principal
    0.00  
Unscheduled Principal
    9,560,300.08  
Required Overcollateralized Amount
    0.00  
Overcollateralized Increase Amount
    0.00  
Overcollateralized Reduction Amount
    0.00  
Specified O/C Amount
    2,050,000.00  
Overcollateralized Amount
    2,050,000.00  
Overcollateralized Deficiency Amount
    0.00  
Base Overcollateralization Amount
    0.00  
Extra Principal Distribution Amount
    0.00  
Excess Cash Amount
    719,083.31  

 

--------------------------------------------------------------------------------

 

Miscellaneous Reporting

         
M-1 Target Amount
    747,217,421.36  
M-2 Target Amount
    756,339,098.93  
Senior Target Amount
    725,933,507.01  
Group 1 – One-Month LIBOR Loans
    139,614,431.81  
Group 1 – Six-Month LIBOR Loans
    336,548,467.21  
Group 2 – Six Month LIBOR Loans
    283,976,898.90  
Applied Loss Amountn
    0  

                          Group   1   2   Total Collateral Description   Mixed
ARM   6 Month ARM   Mixed ARM
Weighted Average Coupon Rate
    2.967893       3.048935       2.998197  
Weighted Average Net Rate
    2.591076       2.671423       2.621120  
Pass-Through Rate
    2.584076       2.664423       2.614120  
Weighted Average Maturity
    320       333       326  
Record Date
    10/31/2003       10/31/2003       10/31/2003  
Principal and Interest Constant
    1,191,824.49       731,269.01       1,923,093.50  
Beginning Loan Count
    1,290       844       2,134  
Loans Paid in Full
    16       7       23  
Ending Loan Count
    1,274       837       2,111  
Beginning Scheduled Balance
    481,887,155.47       287,812,942.53       769,700,098.00  
Ending Scheduled Balance
    476,162,899.02       283,976,898.90       760,139,797.92  
Scheduled Principal
    0.00       0.00       0.00  
Unscheduled Principal
    5,724,256.45       3,836,043.63       9,560,300.08  
Scheduled Interest
    1,191,824.49       731,269.01       1,923,093.50  
Servicing Fee
    151,319.23       90,544.02       241,863.25  
Master Servicing Fee
    2,811.02       1,678.90       4,489.92  
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
    1,037,694.24       639,046.09       1,676,740.33  
Realized Loss Amount
    0.00       0.00       0.00  
Cumulative Realized Loss
    0.00       0.00       0.00  
Percentage of Cumulative Losses
    0.00       0.00       0.00  
Prepayment Penalties
    0.00       0.00       0.00  
Special Servicing Fee
    0.00       0.00       0.00