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: February 27, 2004
Distribution Date: March 22, 2004

Certificateholder Distribution Summary

                                                              Certificate      
    Beginning                     Class   Certificate Pass-   Certificate  
Interest   Principal Class

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

  CUSIP

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

  Description

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

  Through Rate

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

  Balance

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

  Distribution

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

  Distribution

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

A
    81743YAA5     SEN     1.43125 %     421,839,951.95       503,132.03      
4,278,590.20  
A-R
    SMT0207AR     SEN     3.50685 %     0.00       0.00       0.00  
B-1
    81743YAE7     SUB     1.84125 %     8,080,000.00       12,397.75       0.00
 
B-2
    81743YAF4     SUB     2.64376 %     5,771,000.00       12,714.29       0.00
 
B-3
    81743YAG2     SUB     2.64376 %     3,463,000.00       7,629.46       0.00  
B-4
    SMT0207B4     SUB     2.64376 %     1,442,000.00       3,176.92       0.00  
B-5
    SMT0207B5     SUB     2.64376 %     1,154,000.00       2,542.42       0.00  
B-6
    SMT0207B6     SUB     2.64376 %     2,600,498.71       5,729.25       0.00  
X-1
    81743YAC1     SEN     1.02918 %     0.00       64,373.62       0.00  
X-2
    81743YAD9     SEN     1.24195 %     0.00       367,268.20       0.00  
 
                           

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

       

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

       

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

   
Totals
                            444,350,450.66       978,963.94       4,278,590.20  
 
                           

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

       

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

       

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

   

     

[Additional columns below]

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

                                                              Ending            
        Current   Certificate   Total   Cumulative Class

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

  CUSIP

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

  Realized Loss

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

  Balance

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

  Distribution

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

  Realized Loss

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

A
    81743YAA5       0.00       417,561,361.75       4,781,722.23       0.00  
A-R
    SMT0207AR       0.00       0.00       0.00       0.00  
B-1
    81743YAE7       0.00       8,080,000.00       12,397.75       0.00  
B-2
    81743YAF4       0.00       5,771,000.00       12,714.29       0.00  
B-3
    81743YAG2       0.00       3,463,000.00       7,629.46       0.00  
B-4
    SMT0207B4       0.00       1,442,000.00       3,176.92       0.00  
B-5
    SMT0207B5       0.00       1,154,000.00       2,542.42       0.00  
B-6
    SMT0207B6       0.00       2,600,498.71       5,729.25       0.00  
X-1
    81743YAC1       0.00       0.00       64,373.62       0.00  
X-2
    81743YAD9       0.00       0.00       367,268.20       0.00  
 
           

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

       

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

       

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

       

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

   
Totals
            0.00       440,071,860.46       5,257,554.14       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    
Class

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

  Amount

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

  Balance

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

  Distribution

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

  Distribution

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

  Accretion

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

A
    554,686,000.00       421,839,951.95       0.00       4,278,590.20       0.00
 
A-R
    100.00       0.00       0.00       0.00       0.00  
B-1
    8,080,000.00       8,080,000.00       0.00       0.00       0.00  
B-2
    5,771,000.00       5,771,000.00       0.00       0.00       0.00  
B-3
    3,463,000.00       3,463,000.00       0.00       0.00       0.00  
B-4
    1,442,000.00       1,442,000.00       0.00       0.00       0.00  
B-5
    1,154,000.00       1,154,000.00       0.00       0.00       0.00  
B-6
    2,600,498.71       2,600,498.71       0.00       0.00       0.00  
X-1
    50.00       0.00       0.00       0.00       0.00  
X-2
    50.00       0.00       0.00       0.00       0.00  
 
   

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

       

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

       

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

       

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

       

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

   
Totals
    577,196,698.71       444,350,450.66       0.00       4,278,590.20       0.00
 
 
   

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

       

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

       

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

       

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

       

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

   

     

[Additional columns below]

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

                                              Realized   Total Principal  
Ending Certificate   Ending Certificate   Total Principal Class

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

  Loss (1)

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

  Reduction

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

  Balance

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

  Percentage

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

  Distribution

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

A
    0.00       4,278,590.20       417,561,361.75       0.75278872      
4,278,590.20  
A-R
    0.00       0.00       0.00       0.00000000       0.00  
B-1
    0.00       0.00       8,080,000.00       1.00000000       0.00  
B-2
    0.00       0.00       5,771,000.00       1.00000000       0.00  
B-3
    0.00       0.00       3,463,000.00       1.00000000       0.00  
B-4
    0.00       0.00       1,442,000.00       1.00000000       0.00  
B-5
    0.00       0.00       1,154,000.00       1.00000000       0.00  
B-6
    0.00       0.00       2,600,498.71       1.00000000       0.00  
X-1
    0.00       0.00       0.00       0.00000000       0.00  
X-2
    0.00       0.00       0.00       0.00000000       0.00  
 
   

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

       

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

       

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

       

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

       

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

   
Totals
    0.00       4,278,590.20       440,071,860.46       0.76242962      
4,278,590.20  
 
   

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

       

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

       

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

       

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

       

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

   

(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
    554,686,000.00       760.50225163       0.00000000       7.71353559      
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]

                                      Total Principal   Ending Certificate  
Ending Certificate   Total Principal Class

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

  Reduction

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

  Balance

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

  Percentage

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

  Distribution

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

A
    7.71353559       752.78871605       0.75278872       7.71353559  
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/           Unpaid     Original Face
  Current   Notional   Current Accrued   Interest Class

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

  Amount

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

  Certificate Rate

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

  Balance

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

  Interest

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

  Shortfall

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

A
    554,686,000.00       1.43125 %     421,839,951.95       503,132.03      
0.00  
A-R
    100.00       3.50685 %     0.00       0.00       0.00  
B-1
    8,080,000.00       1.84125 %     8,080,000.00       12,397.75       0.00  
B-2
    5,771,000.00       2.64376 %     5,771,000.00       12,714.29       0.00  
B-3
    3,463,000.00       2.64376 %     3,463,000.00       7,629.46       0.00  
B-4
    1,442,000.00       2.64376 %     1,442,000.00       3,176.92       0.00  
B-5
    1,154,000.00       2.64376 %     1,154,000.00       2,542.42       0.00  
B-6
    2,600,498.71       2.64376 %     2,600,498.71       5,729.25       0.00  
X-1
    50.00       1.02918 %     75,057,870.07       64,373.62       0.00  
X-2
    50.00       1.24195 %     354,862,081.88       367,268.20       0.00  
 
   

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

                   

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

       

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

   
Totals
    577,196,698.71                       978,963.94       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
    0.00       (0.01 )     0.00       503,132.03       0.00       417,561,361.75
 
A-R
    0.00       0.00       0.00       0.00       0.00       0.00  
B-1
    0.00       0.00       0.00       12,397.75       0.00       8,080,000.00  
B-2
    0.00       0.00       0.00       12,714.29       0.00       5,771,000.00  
B-3
    0.00       0.00       0.00       7,629.46       0.00       3,463,000.00  
B-4
    0.00       0.00       0.00       3,176.92       0.00       1,442,000.00  
B-5
    0.00       0.00       0.00       2,542.42       0.00       1,154,000.00  
B-6
    0.00       0.00       0.00       5,729.25       0.00       2,600,498.71  
X-1
    0.00       0.00       0.00       64,373.62       0.00       74,761,002.23  
X-2
    0.00       0.00       0.00       367,268.20       0.00       350,880,359.52
 
 
   

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

       

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

       

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

       

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

       

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

         
Totals
    0.00       (0.01 )     0.00       978,963.94       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
    554,686,000.00       1.43125 %     760.50225163       0.90705738      
0.00000000  
A-R
    100.00       3.50685 %     0.00000000       0.00000000       0.00000000  
B-1
    8,080,000.00       1.84125 %     1000.00000000       1.53437500      
0.00000000  
B-2
    5,771,000.00       2.64376 %     1000.00000000       2.20313464      
0.00000000  
B-3
    3,463,000.00       2.64376 %     1000.00000000       2.20313601      
0.00000000  
B-4
    1,442,000.00       2.64367 %     1000.00000000       2.20313454      
0.00000000  
B-5
    1,154,000.00       2.64367 %     1000.00000000       2.20313692      
0.00000000  
B-6
    2,600,498.71       2.64367 %     1000.00000000       2.20313511      
0.00000000  
X-1
    50.00       1.02918 %     1501157.40140000       1287.47240000      
0.00000000  
X-2
    50.00       1.24195 %     7097241.63760000       7345.36400000      
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
    0.00000000       0.00000000       0.00000000       0.90705738      
0.00000000       752.78871605  
A-R
    0.00000000       0.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-1
    0.00000000       0.00000000       0.00000000       1.53437500      
0.00000000       1000.00000000  
B-2
    0.00000000       0.00000000       0.00000000       2.02313464      
0.00000000       1000.00000000  
B-3
    0.00000000       0.00000000       0.00000000       2.20313601      
0.00000000       1000.00000000  
B-4
    0.00000000       0.00000000       0.00000000       2.20313454      
0.00000000       1000.00000000  
B-5
    0.00000000       0.00000000       0.00000000       2.20313692      
0.00000000       1000.00000000  
B-6
    0.00000000       0.00000000       0.00000000       2.20313511      
0.00000000       1000.00000000  
X-1
    0.00000000       0.00000000       0.00000000       1287.47240000      
0.00000000       1495220.04460000  
X-2
    0.00000000       0.00000000       0.00000000       7345.36400000      
0.00000000       7017607.19040000  

(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
    5,399,766.60  
Liquidations, Insurance Proceeds, Reserve Funds
    0.00  
Proceeds from Repurchased Loans
    0.00  
Other Amounts (Servicer Advances)
    1,912.44  
Realized Losses
    0.00  
Prepayment Penalties
    0.00  
 
   

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

   
 
    5,401,679.04  
Total Deposits
       
Withdrawals
       
Reimbursement for Servicer Advances
    1,422.92  
Payment of Service Fee
    142,701.98  
Payment of Interest and Principal
    5,257,554.14  
 
   

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

   
 
    5,401,679.04  
Total Withdrawals (Pool Distribution Amount)
       
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
    (0.01 )
 
   

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

   

Servicing Fees

         
Gross Servicing Fee
    138,999.06  
Master Servicing Fee
    3,702.92  
Supported Prepayment/Curtailment Interest Shortfall
    0.00  
 
   

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

   
Net Servicing Fee
    142,701.98  
 
   

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

   

                                      Beginning   Current   Current   Ending
Account Type

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

  Balance

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

  Withdrawals

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

  Deposits

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

  Balance

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

Basis Risk Reserve Fund – X-1
    1,512.68       0.00       0.00       1,512.68  
Basis Risk Reserve Fund – X-2
    8,487.32       0.00       0.00       8,487.32  

 

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

 

Loan Status Stratification/Credit Enhancement Statement

                                                          DELINQUENT

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

  BANKRUPTCY

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

  FORECLOSURE

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

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

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

  Balance

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

      Loans

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

  Balance

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

      Loans

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

  Balance

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

30 Days
    2       494,417.54     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     1       300,000.00
 
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       494,417.54           0       0.00           1       300,000.00  
 
  No. of   Principal       No. of   Principal       No. of   Principal
 
  Loans   Balance       Loans   Balance       Loans   Balance
30 Days
    0.162338 %     0.112350 %   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
    0.081169 %     0.068171 %
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 %
 
   

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

       

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

           

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

       

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

           

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

       

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

   
 
    0.162338 %     0.112350 %         0.000000 %     0.000000 %         0.081169
%     0.068171 %

     

[Additional columns below]

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

                                      REO

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

  TOTAL

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

    No. of   Principal       No. of   Principal     Loans

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

  Balance

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

      Loans

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

  Balance

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

30 Days
    0       0.00     30 Days     1       494,417.54  
60 Days
    0       0.00     60 Days     0       0.00  
90 Days
    0       0.00     90 Days     1       300,000.00  
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       794,417.54  
 
  No. of   Principal       No. of   Principal
 
  Loans   Balance       Loans   Balance
30 Days
    0.000000 %     0.000000 %   30 Days     0.162338 %     0.112350 %
60 Days
    0.000000 %     0.000000 %   60 Days     0.000000 %     0.000000 %
90 Days
    0.000000 %     0.000000 %   90 Days     0.081169 %     0.068171 %
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 %         0.243506 %     0.180521 %

                                         
Current Period Class A Insufficient Funds:
    0.00     Principal Balance of Contaminated Properties     0.00     Periodic
Advance     1,912.44  

                                      Original $   Original %   Current $  
Current %
Bankruptcy
    100,261.00       0.01737033 %     100,261.00       0.02278287 %
Fraud
    17,315,901.00       3.00000001 %     10,161,109.97       2.30896608 %
Special Hazard
    5,771,967.00       1.00000000 %     4,700,000.00       1.06800739 %

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     1       300,000.00
 
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           1       300,000.00  
 
  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
    0.500000 %     0.388118 %
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 %         0.500000
%     0.388118 %
 
   

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

       

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

           

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

       

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

           

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

       

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

   

[Additional columns below]

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

                                      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     1       300,000.00  
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       300,000.00  
 
  No. of   Principal       No. of   Principal
 
  Loans   Balance       Loans   Balance
30 Days
    0.000000 %     0.000000 %   30 Days     0.000000 %     0.000000 %
60 Days
    0.000000 %     0.000000 %   60 Days     0.500000 %     0.388118 %
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 %         0.50000 )%     0.388118 %
 
   

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

       

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

           

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

       

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

   

Six-Month Libor

                                                          DELINQUENT

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

  BANKRUPTCY

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

  FORECLOSURE

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

    No. of   Principal       No. of   Principal       No. of   Principal    
Loans   Balance       Loans   Balance       Loans   Balance
30 Days
    2       494,417.54     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       494,417.54           0       0.00           0       0.00  
 
  No. of   Principal       No. of   Principal       No. of   Principal
 
  Loans   Balance       Loans   Balance       Loans   Balance
30 Days
    0.193798 %     0.136288 %   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 %     0.136288 %         0.000000 %     0.000000 %         0.000000
%     0.000000 %
 
   

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

       

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

           

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

       

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

           

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

       

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

   

[Additional columns below]

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

                                      REO

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

  TOTAL

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

    No. of   Principal       No. of   Principal     Loans   Balance       Loans
  Balance
30 Days
    0       0.00     30 Days     2       494,417.54  
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       494,417.54  
 
  No. of   Principal       No. of   Principal
 
  Loans   Balance       Loans   Balance
30 Days
    0.000000 %     0.000000 %   30 Days     0.193798 %     0.136288 %
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 %     0.136288 %
 
   

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

       

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

           

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

       

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

   

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

 

Collateral Statement

          Collateral Description   Mixed Fixed & Arm
Weighted Average Gross Coupon
    3.029139 %
Weighted Average Net Coupon
    2.653762 %
Weighted Average Pass-Through Rate
    2.643762 %
Weighted Average Maturity (Stepdown Calculation)
    338  
Beginning Scheduled Collateral Loan Count
    1,242  
Number of Loans Paid in Full
    10  
Ending Scheduled Collateral Loan Count
    1,232  
Beginning Scheduled Collateral Balance
    444,350,450.66  
Ending Scheduled Collateral Balance
    440,071,860.46  
Ending Actual Collateral Balance at 27-Feb-2004
    440,069,371.53  
Monthly P&I Constant
    1,121,665.92  
Special Servicing Fee
    0.00  
Prepayment Penalties
    0.00  
Realization Loss Amount
    0.00  
Cumulative Realized Loss
    0.00  
Scheduled Principal
    0.00  
Unscheduled Principal
    4,278,590.20  

Miscellaneous Reporting

         
Pro Rata Senior Percent
    94.934066 %
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
    2.853139       3.066365       3.029139  
Weighted Average Net Rate
    2.478140       2.690908       2.653762  
Pass-Through Rate
    2.468139       2.680908       2.643762  
Weighted Average Maturity
    298       299       338  
Record Date
    02/27/2004       02/27/2004       02/27/2004  
Principal and Interest Constant
    184,448.87       937,217.05       1,121,665.92  
Beginning Loan Count
    201       1,041       1,242  
Loans Paid in Full
    1       9       10  
Ending Loan Count
    200       1,032       1,232  
Beginning Scheduled Balance
    77,577,228.60       366,773,222.06       444,350,450.66  
Ending Scheduled Balance
    77,295,620.91       362,776,239.55       440,071,860.46  
Scheduled Principal
    0.00       0.00       0.00  
Unscheduled Principal
    281,607.69       3,996,982.51       4,278,590.20  
Scheduled Interest
    184,448.87       937,217.05       1,121,665.92  
Servicing Fee
    24,242.87       114,756.19       138,999.06  
Master Servicing Fee
    646.48       3,056.44       3,702.92  
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
    159,559.52       819,404.42       978,963.94  
Realized Loss Amount
    0.00f       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