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 2002-7
Record Date: October 31, 2003
Distribution Date: November 20, 2003

Certificateholder Distribution Summary

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

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A
  81743YAA5   SEN     1.46000 %     444,788,747.98       541,159.64      
8,627,922.40    
A-R
  SMT0207AR   SEN     3.50930 %     0.00       0.00       0.00    
B-1
  81743YAE7   SUB     1.87000 %     8,080,000.00       12,591.33       0.00    
B-2
  81743YAF4   SUB     2.67118 %     5,771,000.00       12,846.14       0.00    
B-3
  81743YAG2   SUB     2.67118 %     3,463,000.00       7,708.57       0.00    
B-4
  SMT0207B4   SUB     2.67118 %     1,442,000.00       3,209.87       0.00    
B-5
  SMT0207B5   SUB     2.67118 %     1,154,000.00       2,568.78       0.00    
B-6
  SMT0207B6   SUB     2.67118 %     2,600,498.71       5,788.66       0.00    
X-1
  81743YAC1   SEN     1.00848 %     0.00       66,355.59       0.00    
X-2
  81743YAD9   SEN     1.24512 %     0.00       387,970.91       0.00      
 
                           

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Totals
                            467,299,246.69       1,040,199.49       8,627,922.40
     
 
                           

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[Additional columns below]

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

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

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A
    0.00       436,160,825.58       9,169,082.04       0.00    
A-R
    0.00       0.00       0.00       0.00    
B-1
    0.00       8,080,000.00       12,591.33       0.00    
B-2
    0.00       5,771,000.00       12,846.14       0.00    
B-3
    0.00       3,463,000.00       7,708.57       0.00    
B-4
    0.00       1,442,000.00       3,209.87       0.00    
B-5
    0.00       1,154,000.00       2,568.78       0.00    
B-6
    0.00       2,600,498.71       5,788.66       0.00    
X-1
    0.00       0.00       66,355.59       0.00    
X-2
    0.00       0.00       387,970.91       0.00      
 
   

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Totals
    0.00       458,671,324.29       9,668,121.89       0.00      
 
   

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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)

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A
    554,686,000.00       444,788,747.98       2.15       8,627,920.25       0.00
      0.00    
A-R
    100.00       0.00       0.00       0.00       0.00       0.00    
B-1
    8,080,000.00       8,080,000.00       0.00       0.00       0.00       0.00
   
B-2
    5,771,000.00       5,771,000.00       0.00       0.00       0.00       0.00
   
B-3
    3,463,000.00       3,463,000.00       0.00       0.00       0.00       0.00
   
B-4
    1,442,000.00       1,442,000.00       0.00       0.00       0.00       0.00
   
B-5
    1,154,000.00       1,154,000.00       0.00       0.00       0.00       0.00
   
B-6
    2,600,498.71       2,600,498.71       0.00       0.00       0.00       0.00
   
X-1
    50.00       0.00       0.00       0.00       0.00       0.00    
X-2
    50.00       0.00       0.00       0.00       0.00       0.00      
 
   

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Totals
    577,196,698.71       467,299,246.69       2.15       8,627,920.25       0.00
      0.00      
 
   

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[Additional columns below]

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

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

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A
    8,627,922.40       436,160,825.58       0.78632023       8,627,922.40    
A-R
    0.00       0.00       0.00000000       0.00    
B-1
    0.00       8,080,000.00       1.00000000       0.00    
B-2
    0.00       5,771,000.00       1.00000000       0.00    
B-3
    0.00       3,463,000.00       1.00000000       0.00    
B-4
    0.00       1,442,000.00       1.00000000       0.00    
B-5
    0.00       1,154,000.00       1.00000000       0.00    
B-6
    0.00       2,600,498.71       1.00000000       0.00    
X-1
    0.00       0.00       0.00000000       0.00    
X-2
    0.00       0.00       0.00000000       0.00      
 
   

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Totals
    8,627,922.40       458,671,324.29       0.79465341       8,627,922.40      
 
   

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(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.

 

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Principal Distribution Factors Statement

                                                                  Beginning  
Scheduled   Unscheduled                       Original Face   Certificate  
Principal   Principal           Realized Class   Amount   Balance   Distribution
  Distribution   Accretion   Loss (3)

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A
    554,686,000.00       801.87484086       0.00000388       15.55460251      
0.00000000       0.00000000  
A-R
    100.00       0.00000000       0.00000000       0.00000000       0.00000000  
    0.00000000  
B-1
    8,080,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-2
    5,771,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-3
    3,463,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-4
    1,442,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-5
    1,154,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-6
    2,600,498.71       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
X-1
    50.00       0.00000000       0.00000000       0.00000000       0.00000000  
    0.00000000  
X-2
    50.00       0.00000000       0.00000000       0.00000000       0.00000000  
    0.00000000  

[Additional columns below]

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

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

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A
    15.55460639       786.32023448       0.78632023       15.55460639  
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  
X-1
    0.00000000       0.00000000       0.00000000       0.00000000  
X-2
    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   Current         Original Face   Current   Notional   Accrued
  Interest   Interest Class   Amount   Certificate Rate   Balance   Interest  
Shortfall   Shortfall

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A
    554,686,000.00       1.46000 %     444,788,747.98       541,159.64      
0.00       0.00    
A-R
    100.00       3.50930 %     0.00       0.00       0.00       0.00    
B-1
    8,080,000.00       1.87000 %     8,080,000.00       12,591.33       0.00    
  0.00    
B-2
    5,771,000.00       2.67118 %     5,771,000.00       12,846.14       0.00    
  0.00    
B-3
    3,463,000.00       2.67118 %     3,463,000.00       7,708.57       0.00    
  0.00    
B-4
    1,442,000.00       2.67118 %     1,442,000.00       3,209.87       0.00    
  0.00    
B-5
    1,154,000.00       2.67118 %     1,154,000.00       2,568.78       0.00    
  0.00    
B-6
    2,600,498.71       2.67118 %     2,600,498.71       5,788.66       0.00    
  0.00    
X-1
    50.00       1.00848 %     78,956,928.58       66,355.59       0.00      
0.00    
X-2
    50.00       1.24512 %     373,911,819.40       387,970.91       0.00      
0.00  

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Totals
    577,196,698.71                       1,040,199.49       0.00       0.00  

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[Additional columns below]

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

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

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A
    0.00       0.00       541,159.64       0.00       436,160,825.58    
A-R
    0.00       0.00       0.00       0.00       0.00    
B-1
    0.00       0.00       12,591.33       0.00       8,080,000.00    
B-2
    0.00       0.00       12,846.14       0.00       5,771,000.00    
B-3
    0.00       0.00       7,708.57       0.00       3,463,000.00    
B-4
    0.00       0.00       3,209.87       0.00       1,442,000.00    
B-5
    0.00       0.00       2,568.78       0.00       1,154,000.00    
B-6
    0.00       0.00       5,788.66       0.00       2,600,498.71    
X-1
    0.00       0.00       66,355.59       0.00       76,838,113.34    
X-2
    0.00       0.00       387,970.91       0.00       367,402,712.25  

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Totals
    0.00       0.00       1,040,199.49       0.00          

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(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.

 

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Interest Distribution Factors Statement

                                                                               
  Payment of               Current   Beginning   Current   Unpaid       Original
Face   Certificate   Certificate/   Accrued   Interest Class (5)   Amount   Rate
  Notional Balance   Interest   Shortfall

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  A
    554,686,000.00       1.46000 %     801.87484086       0.97561438      
0.00000000  
A-R
    100.00       3.50930 %     0.00000000       0.00000000       0.00000000  
B-1
    8,080,000.00       1.87000 %     1000.00000000       1.55833292      
0.00000000  
B-2
    5,771,000.00       2.67118 %     1000.00000000       2.22598163      
0.00000000  
B-3
    3,463,000.00       2.67118 %     1000.00000000       2.22598036      
0.00000000  
B-4
    1,442,000.00       2.67118 %     1000.00000000       2.22598474      
0.00000000  
B-5
    1,154,000.00       2.67118 %     1000.00000000       2.22597920      
0.00000000  
B-6
    2,600,498.71       2.67118 %     1000.00000000       2.22598072      
0.00000000  
X-1
    50.00       1.00848 %     1579138.57160000       1327.11180000      
0.00000000  
X-2
    50.00       1.24512 %     7478236.38800000       7759.41820000      
0.00000000  

[Additional columns below]

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

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

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  A
    0.00000000       0.00000000       0.00000000       0.97561438      
0.00000000       786.32023448  
A-R
    0.00000000       0.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-1
    0.00000000       0.00000000       0.00000000       1.55833292      
0.00000000       1000.00000000  
B-2
    0.00000000       0.00000000       0.00000000       2.22598163      
0.00000000       1000.00000000  
B-3
    0.00000000       0.00000000       0.00000000       2.22598036      
0.00000000       1000.00000000  
B-4
    0.00000000       0.00000000       0.00000000       2.22598474      
0.00000000       1000.00000000  
B-5
    0.00000000       0.00000000       0.00000000       2.22597920      
0.00000000       1000.00000000  
B-6
    0.00000000       0.00000000       0.00000000       2.22598072      
0.00000000       1000.00000000  
X-1
    0.00000000       0.00000000       0.00000000       1327.11180000      
0.00000000       1536762.26680000  
X-2
    0.00000000       0.00000000       0.00000000       7759.41820000      
0.00000000       7348054.24500000  

(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
    9,818,251.99    
Liquidations, Insurance Proceeds, Reserve Funds
    0.00    
Proceeds from Repurchased Loans
    0.00    
Other Amounts (Servicer Advances)
    295.99    
Realized Losses
    0.00    
Prepayment Penalties
    0.00  
 
   

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Total Deposits
    9,818,547.98  
Withdrawals
         
Reimbursement for Servicer Advances
    295.99    
Payment of Service Fee
    150,130.10    
Payment of Interest and Principal
    9,668,121.89  
 
   

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

 
Total Withdrawals (Pool Distribution Amount)
    9,818,547.98  
Ending Balance
    0.00  
 
   

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

 

 

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Prepayment/Curtailment Interest Shortfall

         
Total Prepayment/Curtailment Interest Shortfall
    0.00  
Servicing Fee Support
    0.00  
 
   

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Non-Supported Prepayment Curtailment Interest Shortfall
    0.00  
 
   

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

 

Servicing Fees

         
Gross Servicing Fee
    146,235.94  
Master Servicing Fee
    3,894.16  
Supported Prepayment/Curtailment Interest Shortfall
    0.00  
 
   

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

 
Net Servicing Fee
    150,130.10  
 
   

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                                      Beginning   Current   Current   Ending
Account Type   Balance   Withdrawals   Deposits   Balance

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

 

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

Basis Risk Reserve Fund – X-1
    1,512.56       0.00       0.00       1,512.56  
Basis Risk Reserve Fund – X-2
    8,487.44       0.00       0.00       8,487.44  

 

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Loan Status Stratification/Credit Enhancement Statement

                                                                  DELINQUENT    
BANKRUPTCY   FORECLOSURE  

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

      No. of   Principal           No. of   Principal           No. of  
Principal     Loans   Balance           Loans   Balance           Loans  
Balance
30 Days
    1       149,550.97     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  
 
   

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    1       149,550.97               0       0.00               0       0.00  

                                                                      No. of  
Principal           No. of   Principal           No. of   Principal     Loans  
Balance           Loans   Balance           Loans   Balance
30 Days
    0.078431 %     0.032606 %   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 %
 
   

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

     

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

             

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

     

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

             

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

     

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

 
 
    0.078431 %     0.032606 %             0.000000 %     0.000000 %            
0.000000 %     0.000000 %

                                          REO   TOTAL

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

 

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

    No. of   Principal           No. of   Principal     Loans   Balance        
  Loans   Balance
30 Days
    0       0.00     30 Days     1       149,550.97  
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       149,550.97  

                                              No. of   Principal           No.
of   Principal     Loans   Balance           Loans   Balance
30 Days
    0.000000 %     0.000000 %   30 Days     0.078431 %     0.032606 %
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 %             0.078431 %     0.032606 %

                                  Current Period Class A Insufficient Funds:    
0.00     Principal Balance of Contaminated Properties     0.00     Periodic
Advance     295.99  

                                              Original $   Original %   Current
$   Current %  
Bankruptcy
    100,261.00       0.01737033 %     100,261.00       0.02185901 %    
Fraud
    17,315,901.00       3.00000001 %     10,161,109.97       2.21533578 %
Special Hazard
    5,771,967.00       1.00000000 %     4,700,000.00       1.02469890 %

     Limit of subordinate’s exposure to certain types of losses

 

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

 

Delinquency Status By Group

One-Month Libor

                                                                  DELINQUENT  
BANKRUPTCY   FORECLOSURE

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

 

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

 

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

    No. of   Principal           No. of   Principal           No. of   Principal
    Loans   Balance           Loans   Balance           Loans   Balance
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
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
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    

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

 

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

         

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

 

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

30 Days
    0.000000 %     0.00 %   30 Days     0.000000 %     0.000000 %
60 Days
    0.000000 %     0.00 %   60 Days     0.000000 %     0.000000 %
90 Days
    0.000000 %     0.00 %   90 Days     0.000000 %     0.000000 %
120 Days
    0.000000 %     0.00 %   120 Days     0.000000 %     0.000000 %
150 Days
    0.000000 %     0.00 %   150 Days     0.000000 %     0.000000 %
180+ Days
    0.000000 %     0.00 %   180+ Days     0.000000 %     0.000000 %
 
   

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

     

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

             

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

     

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

 
 
    0.000000 %     0.00 %             0.000000 %     0.000000 %

Six-Month Libor

                                                                  DELINQUENT  
BANKRUPTCY   FORECLOSURE

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

 

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

 

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

    No. of   Principal           No. of   Principal           No. of   Principal
    Loans   Balance           Loans   Balance           Loans   Balance
30 Days
    1       149,550.97     30 Days     0       0     30 Days     0       0.00  
60 Days
    0       0.00     60 Days     0       0     60 Days     0       0.00  
90 Days
    0       0.00     90 Days     0       0     90 Days     0       0.00  
120 Days
    0       0.00     120 Days     0       0     120 Days     0       0.00  
150 Days
    0       0.00     150 Days     0       0     150 Days     0       0.00  
180+ Days
    0       0.00     180+ Days     0       0     180+ Days     0       0.00  
 
   

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

     

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

             

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

     

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

             

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

     

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

 
 
    1       149,550.97               0       0               0       0.00  

                                                                      No. of  
Principal           No. of   Principal           No. of   Principal     Loans  
Balance           Loans   Balance           Loans   Balance
30 Days
    0.093458 %     0.039425 %   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 %
 
   

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

     

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

             

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

     

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

             

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

     

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

 
 
    0.093458 %     0.039425 %             0.000000 %     0.000000 %            
0.000000 %     0.000000 %

                                          REO   TOTAL    

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

                 

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

            No. of   Principal           No. of   Principal     Loans   Balance
          Loans   Balance
30 Days
    0       0.00     30 Days     1       149,550.97  
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       149,550.97  

                                              No. of   Principal           No.
of   Principal     Loans   Balance           Loans   Balance
30 Days
    0.000000 %     0.000000 %   30 Days     0.093458 %     0.039425 %
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 %             0.093458 %     0.039425 %
 
   

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

     

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

             

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

     

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

 

 

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

 

Collateral Statement

          Collateral Description   Mixed Fixed & Arm
Weighted Average Gross Coupon
    3.056704 %
Weighted Average Net Coupon
    2.681178 %
Weighted Average Pass-Through Rate
    2.671178 %
Weighted Average Maturity (Stepdown Calculation)
    342  
Beginning Scheduled Collateral Loan Count
    1,297  
Number of Loans Paid in Full
    22  
Ending Scheduled Collateral Loan Count
    1,275  
Beginning Scheduled Collateral Balance
    467,299,246.69  
Ending Scheduled Collateral Balance
    458,671,324.29  
Ending Actual Collateral Balance at 31-Oct-2003
    458,666,916.80  
Monthly P&I Constant
    1,190,331.76  
Special Servicing Fee
    0.00  
Prepayment Penalties
    0.00  
Realization Loss Amount
    0.00  
Cumulative Realized Loss
    0.00  
Scheduled Principal
    2.15  
Unscheduled Principal
    8,627,920.25  

Miscellaneous Reporting

         
Pro Rata Senior Percent
    95.182851 %
Senior Percent
    100.000000 %
Senior Prepay Percent
    100.000000 %
Subordinate Percent
    0.000000 %
Subordinate Prepay Percent
    0.000000 %

 

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

 

                          Group   One Month Libor   Six Month Libor   Total
Collateral Description
  Monthly     6 Month Arm     Mixed Fixed & Arm  
Weighted Average Coupon Rate
    2.860798       3.098073       3.056704  
Weighted Average Net Rate
    2.485798       2.722435       2.681178  
Pass-Through Rate
    2.475798       2.712435       2.671178  
Weighted Average Maturity
    302       303       342  
Record Date
    10/31/2003       10/31/2003       10/31/2003  
Principal and Interest Constant
    194,231.17       996,100.59       1,190,331.76  
Beginning Loan Count
    207       1,090       1,297  
Loans Paid in Full
    2       20       22  
Ending Loan Count
    205       1,070       1,275  
Beginning Scheduled Balance
    81,472,862.53       385,826,384.16       467,299,246.69  
Ending Scheduled Balance
    79,334,084.51       379,337,239.78       458,671,324.29  
Scheduled Principal
    0.00       2.15       2.15  
Unscheduled Principal
    2,138,778.02       6,489,142.23       8,627,920.25  
Scheduled Interest
    194,231.17       996,098.44       1,190,329.61  
Servicing Fee
    25,460.26       120,775.68       146,235.94  
Master Servicing Fee
    678.94       3,215.22       3,894.16  
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
    168,091.97       872,107.54       1,040,199.51  
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