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

FRB SERIES 2002-FRB2
Record Date: December 31, 2002
Distribution Date: January 15, 2003

Certificateholder Distribution Summary

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

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A-1
  336161BT0   SEN     3.98600 %     58,127,833.80       193,081.29  
A-2
  336161BU7   SEN     1.82000 %     309,751,557.14       469,789.86  
A-R
  336161BW3   SEN     4.88729 %     0.00       0.00  
B-1
  336161BX1   SUB     2.47000 %     3,799,000.00       7,819.61  
B-2
  336161BY9   SUB     3.28556 %     1,519,000.00       4,158.97  
B-3
  336161BZ6   SUB     3.28556 %     2,279,000.00       6,239.82  
B-4
  336161CA0   SUB     3.28556 %     1,519,000.00       4,158.97  
B-5
  336161CB8   SUB     3.28556 %     1,139,000.00       3,118.54  
B-6
  336161CC6   SUB     3.28556 %     1,146,346.99       3,138.66  
X
  336161BV5   SEN     1.09818 %     0.00       347,097.35  
 
 

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Totals
                            379,280,737.93       1,038,603.07    
 
                       

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[Additional columns below]

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

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

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A-1
    13,191.27       0.00       58,114,642.53       206,272.56       0.00  
A-2
    2,712,872.83       0.00       307,038,684.31       3,182,662.69       0.00  
A-R
    0.00       0.00       0.00       0.00       0.00  
B-1
    0.00       0.00       3,799,000.00       7,819.61       0.00  
B-2
    0.00       0.00       1,519,000.00       4,158.97       0.00  
B-3
    0.00       0.00       2,279,000.00       6,239.82       0.00  
B-4
    0.00       0.00       1,519,000.00       4,158.97       0.00  
B-5
    0.00       0.00       1,139,000.00       3,118.54       0.00  
B-6
    0.00       0.00       1,146,346.99       3,138.66       0.00  
X
    0.00       0.00       0.00       347,097.35       0.00    
 
   

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Totals
    2,726,064.10       0.00       376,554,673.83       3,764,667.17       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.

 

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Principal Distribution Statement

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

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A-1
    58,144,000.00       58,127,833.80       7,320.29       5,870.98       0.00  
    0.00    
A-2
    310,464,000.00       309,751,557.14       33,391.25       2,679,481.58      
0.00       0.00    
A-R
    100.00       0.00       0.00       0.00       0.00       0.00    
B-1
    3,799,000.00       3,799,000.00       0.00       0.00       0.00       0.00
   
B-2
    1,519,000.00       1,519,000.00       0.00       0.00       0.00       0.00
   
B-3
    2,279,000.00       2,279,000.00       0.00       0.00       0.00       0.00
   
B-4
    1,519,000.00       1,519,000.00       0.00       0.00       0.00       0.00
   
B-5
    1,139,000.00       1,146,346.99       0.00       0.00       0.00       0.00
   
B-6
    1,146,346.99       0.00       0.00       0.00       0.00       0.00    
X
    0.00       0.00       0.00       0.00       0.00       0.00    
 
   

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

     

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Totals
    380,009,446.99       379,280,737.93       40,711.54       2,685,352.56      
0.00       0.00    
 
   

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[Additional columns below]

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

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

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A-1
    13,191.27       58,114,642.53       0.99949509       13,191.27    
A-2
    2,712,872.83       307,038,684.31       0.98896711       2,712,872.83    
A-R
    0.00       0.00       0.00000000       0.00    
B-1
    0.00       3,799,000.00       1.00000000       0.00    
B-2
    0.00       1,519,000.00       1.00000000       0.00    
B-3
    0.00       2,279,000.00       1.00000000       0.00    
B-4
    0.00       1,519,000.00       1.00000000       0.00    
B-5
    0.00       1,139,000.00       1.00000000       0.00    
B-6
    0.00       1,146,346.99       1.00000000       0.00    
X
    0.00       0.00       0.00000000       0.00  
 
   

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Totals
    2,726,064.10       376,554,673.83       0.99090872       2,726,064.10  
 
   

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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.

Principal Distribution Factors Statement

                                                                               
  Unscheduled                               Beginning   Scheduled Principal  
Principal           Realized Class(2)   Original Face Amount   Certificate
Balance   Distribution   Distribution   Accretion   Loss (3)

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A-1
    58,144,000.00       999.72196271       0.12589932       0.10097310      
0.00000000       0.00000000  
A-2
    310,464,000.00       997.70523198       0.10755273       8.63057095      
0.00000000       0.00000000  
A-R
    100.00       0.00000000       0.00000000       0.00000000       0.00000000  
    0.00000000  
B-1
    3,799,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-2
    1,519,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-3
    2,279,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-4
    1,159,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-5
    1,139,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-6
    1,146,346.99       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
X
    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(2)   Reduction   Balance   Percentage
  Distribution

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A-1
    0.22687242       999.49509029       0.99949509       0.22687242  
A-2
    8.73812368       988.96710830       0.98896711       8.73812368  
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
    0.00000000       0.00000000       0.00000000       0.00000000  

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(2)   Per $1,000 denomination.   (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.

 

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Interest Distribution Statement

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

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A-1
    58,144,000.00       3.98600 %     58,127,833.80       193,081.29       0.00
   
A-2
    310,464,000.00       1.82000 %     309,751,557.14       469,789.86      
0.00    
A-R
    100.00       4.88729 %     0.00       0.00       0.00    
B-1
    3,799,000.00       2.47000 %     3,799,000.00       7,819.61       0.00    
B-2
    1,519,000.00       3.28556 %     1,519,000.00       4,158.97       0.00    
B-3
    2,279,000.00       3.28556 %     2,279,000.00       6,239.82       0.00    
B-4
    1,519,000.00       3.28556 %     1,519,000.00       4,158.97       0.00    
B-5
    1,139,000.00       3.28556 %     1,139,000.00       3,118.54       0.00    
B-6
    1,146,346.99       3.28556 %     1,146,346.99       3,138.66       0.00    
 
X
    0.00       1.09818 %     379,280,737.93       347,097.35       0.00  

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Totals
    380,009,446.99                       1,038,603.07       0.00  

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[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

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A-1
    0.00       0.00       0.00       193,081.29       0.00       58,114,642.53  
 
A-2
    0.00       0.00       0.00       469,789.86       0.00       307,038,684.31
   
A-R
    0.00       0.00       0.00       0.00       0.00       0.00    
B-1
    0.00       0.00       0.00       7,819.61       0.00       3,799,000.00    
B-2
    0.00       0.00       0.00       4,158.97       0.00       1,519,000.00    
B-3
    0.00       0.00       0.00       6,239.82       0.00       2,279,000.00    
B-4
    0.00       0.00       0.00       4,158.97       0.00       1,519,000.00    
B-5
    0.00       0.00       0.00       3,118.54       0.00       1,139,000.00    
B-6
    0.00       0.00       0.00       3,138.66       0.00       1,146,346.99    
 
X
    0.00       0.00       0.00       347,097.35       0.00       376,554,673.85
 

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Totals
    0.00       0.00       0.00       1,038,603.07       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.

Interest Distribution Factors Statement

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

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A-1
    58,144,000.00       3.98600 %     999.72196271       3.32074315      
0.00000000    
A-2
    310,464,000.00       1.82000 %     997.70523198       1.51318626      
0.00000000    
A-R
    100.00       4.88729 %     0.00000000       0.00000000       0.00000000    
B-1
    3,799,000.00       2.47000 %     1000.00000000       2.05833377      
0.00000000    
B-2
    1,519,000.00       3.28556 %     1000.00000000       2.73796577      
0.00000000    
B-3
    2,279,000.00       3.28556 %     1000.00000000       2.73796402      
0.00000000    
B-4
    1,519,000.00       3.28556 %     1000.00000000       2.73796577      
0.00000000    
B-5
    1,139,000.00       3.28556 %     1000.00000000       2.73796313      
0.00000000    
B-6
    1,146,346.99       3.28556 %     1000.00000000       2.73796680      
0.00000000      
X
    0.00       1.09818 %     998.08239225       0.91339137       0.00000000  

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[Additional columns below]

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

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

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A-1
    0.00000000       0.00000000       0.00000000       3.32074315      
0.00000000       999.49509029    
A-2
    0.00000000       0.00000000       0.00000000       1.51318626      
0.00000000       988.96710830    
A-R
    0.00000000       0.00000000       0.00000000       0.00000000      
0.00000000       0.00000000    
B-1
    0.00000000       0.00000000       0.00000000       2.05833377      
0.00000000       1000.00000000    
B-2
    0.00000000       0.00000000       0.00000000       2.73796577      
0.00000000       1000.00000000    
B-3
    0.00000000       0.00000000       0.00000000       2.73796402      
0.00000000       1000.00000000    
B-4
    0.00000000       0.00000000       0.00000000       2.73796577      
0.00000000       1000.00000000    
B-5
    0.00000000       0.00000000       0.00000000       2.73796313      
0.00000000       1000.00000000    
B-6
    0.00000000       0.00000000       0.00000000       2.73796680      
0.00000000       1000.00000000      
X
    0.00000000       0.00000000       0.00000000       0.91339137      
0.00000000       990.90871775  

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(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
    3,861,067.70    
Liquidations, Insurance Proceeds, Reserve Funds
    0.00    
Proceeds from Repurchased Loans
    0.00    
Other Amounts (Servicer Advances)
    0.00    
Realized Losses
    0.00    
Prepayment Penalties
    0.00  
 
   

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

 
Total Deposits
    3,861,067.70  
Withdrawals
         
Reimbursement for Servicer Advances
    0.00    
Payment of Service Fee
    96,400.53    
Payment of Interest and Principal
    3,764,667.17  
 
   

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

 
Total Withdrawals (Pool Distribution Amount)
    3,861,067.70  
Ending Balance
    0.00  
 
   

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

 

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  
 
   

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Servicing Fees

         
Gross Servicing Fee
    94,820.19  
Special Servicing Fee
    0.00  
Trustee Fee
    1,580.34  
Supported Prepayment/Curtailment Interest Shortfall
    0.00  
 
   

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Net Servicing Fee
    96,400.53  
 
   

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Loan Status Stratification/Credit Enhancement Statement

                                          DELINQUENT   BANKRUPTCY

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

 

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

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

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

 

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

         

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0-29 Days
    0       0.00     0-29 Days     0       0.00  
30 Days
    0       0.00     30 Days     0       0.00  
60 Days
    0       0.00     60 Days     0       0.00  
90 Days
    0       0.00     90 Days     0       0.00  
120 Days
    0       0.00     120 Days     0       0.00  
150 Days
    0       0.00     150 Days     0       0.00  
180+ Days
    0       0.00     180+ Days     0       0.00  
 
   

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    0       0.00               0       0.00  
 
  No. of                   No. of        
 
  Loans   Principal Balance           Loans   Principal Balance    

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

 

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0-29 Days
    0.000000 %     0.000000 %   0-29 Days     0.000000 %     0.000000 %
30 Days
    0.000000 %     0.000000 %   30 Days     0.000000 %     0.000000 %
60 Days
    0.000000 %     0.000000 %   60 Days     0.000000 %     0.000000 %
90 Days
    0.000000 %     0.000000 %   90 Days     0.000000 %     0.000000 %
120 Days
    0.000000 %     0.000000 %   120 Days     0.000000 %     0.000000 %
150 Days
    0.000000 %     0.000000 %   150 Days     0.000000 %     0.000000 %
180+ Days
    0.000000 %     0.000000 %   180+ Days     0.000000 %     0.000000 %
 
   

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

     

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

             

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

     

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

 
 
    0.000000 %     0.000000 %             0.000000 %     0.000000 %

                                          FORECLOSURE   REO

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

 

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

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

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

 

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

         

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

 

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

0-29 Days
    0       0.00     0-29 Days     0       0.00  
30 Days
    0       0.00     30 Days     0       0.00  
60 Days
    0       0.00     60 Days     0       0.00  
90 Days
    0       0.00     90 Days     0       0.00  
120 Days
    0       0.00     120 Days     0       0.00  
150 Days
    0       0.00     150 Days     0       0.00  
180+ Days
    0       0.00     180+ Days     0       0.00  
 
   

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

     

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

             

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

     

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

 
 
    0       0.00               0       0.00  
 
  No. of                   No. of        
 
  Loans   Principal Balance           Loans   Principal Balance    

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

 

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

         

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

 

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

0-29 Days
    0.000000 %     0.000000 %   0-29 Days     0.000000 %     0.000000 %
30 Days
    0.000000 %     0.000000 %   30 Days     0.000000 %     0.000000 %
60 Days
    0.000000 %     0.000000 %   60 Days     0.000000 %     0.000000 %
90 Days
    0.000000 %     0.000000 %   90 Days     0.000000 %     0.000000 %
120 Days
    0.000000 %     0.000000 %   120 Days     0.000000 %     0.000000 %
150 Days
    0.000000 %     0.000000 %   150 Days     0.000000 %     0.000000 %
180+ Days
    0.000000 %     0.000000 %   180+ Days     0.000000 %     0.000000 %
 
   

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

     

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

             

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

     

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

 
 
    0.000000 %     0.000000 %             0.000000 %     0.000000 %

                  TOTAL

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

    No. of             Loans   Principal Balance    

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

 

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

0-29 Days
    0       0.00  
30 Days
    0       0.00  
60 Days
    0       0.00  
90 Days
    0       0.00  
120 Days
    0       0.00  
150 Days
    0       0.00  
180+ Days
    0       0.00  
 
   

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

     

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

 
 
    0       0.00  
 
  No. of        
 
  Loans   Principal Balance    

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

 

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

0-29 Days
    0.000000 %     0.000000 %
30 Days
    0.000000 %     0.000000 %
60 Days
    0.000000 %     0.000000 %
90 Days
    0.000000 %     0.000000 %
120 Days
    0.000000 %     0.000000 %
150 Days
    0.000000 %     0.000000 %
180+ Days
    0.000000 %     0.000000 %
 
   

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

     

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

 
 
    0.000000 %     0.000000 %

Current Period Class A Insufficient Funds: 0.00

Principal Balance of Contaminated Properties 0.00

Periodic Advance 0.00

                                              Original $   Original %   Current
$   Current %        

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

 

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

 

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

 

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

 
Bankruptcy
    100,000.00       0.02631514 %     100,000.00       0.02655657 %    
Fraud
    7,600,189.00       2.00000002 %     7,600,189.00       2.01834940 %
Special Hazard
    11,400,283.00       2.99999989 %     11,400,283.00       3.02752397 %

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

    Limit of subordinate’s exposure to certain types of losses

 

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

 

Delinquency Status By Group

Group 1

                                          DELINQUENT   BANKRUPTCY

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

 

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

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

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

 

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

         

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

 

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

0-29 Days
    0       0.00     0-29 Days     0       0.00  
30 Days
    0       0.00     30 Days     0       0.00  
60 Days
    0       0.00     60 Days     0       0.00  
90 Days
    0       0.00     90 Days     0       0.00  
120 Days
    0       0.00     120 Days     0       0.00  
150 Days
    0       0.00     150 Days     0       0.00  
180+ Days
    0       0.00     180+Days     0       0.00  
 
   

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

     

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

             

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

     

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

 
 
    0       0.00               0       0.00       No. of                   No.
of             Loans   Principal Balance           Loans   Principal Balance    

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

 

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

         

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

 

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

0-29 Days
    0.000000 %     0.000000 %   0-29 Days     0.000000 %     0.000000 %
30 Days
    0.000000 %     0.000000 %   30 Days     0.000000 %     0.000000 %
60 Days
    0.000000 %     0.000000 %   60 Days     0.000000 %     0.000000 %
90 Days
    0.000000 %     0.000000 %   90 Days     0.000000 %     0.000000 %
120 Days
    0.000000 %     0.000000 %   120 Days     0.000000 %     0.000000 %
150 Days
    0.000000 %     0.000000 %   150 Days     0.000000 %     0.000000 %
180+ Days
    0.000000 %     0.000000 %   180+Days     0.000000 %     0.000000 %
 
   

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

     

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

             

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

     

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

 
 
    0.000000 %     0.000000 %             0.000000 %     0.000000 %
 
   

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

     

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

             

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

     

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

 

                                          FORECLOSURE   REO

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

 

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

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

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

 

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

         

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

 

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

0-29 Days
    0       0.00     0-29 Days     0       0.00  
30 Days
    0       0.00     30 Days     0       0.00  
60 Days
    0       0.00     60 Days     0       0.00  
90 Days
    0       0.00     90 Days     0       0.00  
120 Days
    0       0.00     120 Days     0       0.00  
150 Days
    0       0.00     150 Days     0       0.00  
180+ Days
    0       0.00     180+ Days     0       0.00  
 
   

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

     

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

             

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

     

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

 
 
    0       0.00               0       0.00       No. of                   No.
of             Loans   Principal Balance           Loans   Principal Balance    

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

 

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

         

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

 

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

0-29 Days
    0.000000 %     0.000000 %   0-29 Days     0.000000 %     0.000000 %
30 Days
    0.000000 %     0.000000 %   30 Days     0.000000 %     0.000000 %
60 Days
    0.000000 %     0.000000 %   60 Days     0.000000 %     0.000000 %
90 Days
    0.000000 %     0.000000 %   90 Days     0.000000 %     0.000000 %
120 Days
    0.000000 %     0.000000 %   120 Days     0.000000 %     0.000000 %
150 Days
    0.000000 %     0.000000 %   150 Days     0.000000 %     0.000000 %
180+ Days
    0.000000 %     0.000000 %   180+ Days     0.000000 %     0.000000 %
 
   

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

     

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

             

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

     

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

 
 
    0.000000 %     0.000000 %             0.000000 %     0.000000 %
 
   

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

     

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

             

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

     

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

 

                  TOTAL

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

    No. of             Loans   Principal Balance    

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

 

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

0-29 Days
    0       0.00  
30 Days
    0       0.00  
60 Days
    0       0.00  
90 Days
    0       0.00  
120 Days
    0       0.00  
150 Days
    0       0.00  
180+Days
    0       0.00  
 
   

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

     

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

 
 
    0       0.00       No. of             Loans   Principal Balance    

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

 

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

0-29 Days
    0.000000 %     0.000000 %
30 Days
    0.000000 %     0.000000 %
60 Days
    0.000000 %     0.000000 %
90 Days
    0.000000 %     0.000000 %
120 Days
    0.000000 %     0.000000 %
150 Days
    0.000000 %     0.000000 %
180+ Days
    0.000000 %     0.000000 %
 
   

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

     

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

 
 
    0.000000 %     0.000000 %
 
   

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

     

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

 

Group 2

                                          DELINQUENT   BANKRUPTCY

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

 

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

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

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

 

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

         

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

 

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

0-29 Days
    0       0.00     0-29 Days     0       0.00  
30 Days
    0       0.00     30 Days     0       0.00  
60 Days
    0       0.00     60 Days     0       0.00  
90 Days
    0       0.00     90 Days     0       0.00  
120 Days
    0       0.00     120 Days     0       0.00  
150 Days
    0       0.00     150 Days     0       0.00  
180+ Days
    0       0.00     180+ Days     0       0.00  
 
   

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

     

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

             

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

     

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

 
 
    0       0.00               0       0.00       No. of                   No.
of             Loans   Principal Balance           Loans   Principal Balance    

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

 

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

         

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

 

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

0-29 Days
    0.000000 %     0.000000 %   0-29 Days     0.000000 %     0.000000 %
30 Days
    0.000000 %     0.000000 %   30 Days     0.000000 %     0.000000 %
60 Days
    0.000000 %     0.000000 %   60 Days     0.000000 %     0.000000 %
90 Days
    0.000000 %     0.000000 %   90 Days     0.000000 %     0.000000 %
120 Days
    0.000000 %     0.000000 %   120 Days     0.000000 %     0.000000 %
150 Days
    0.000000 %     0.000000 %   150 Days     0.000000 %     0.000000 %
180+ Days
    0.000000 %     0.000000 %   180+ Days     0.000000 %     0.000000 %
 
   

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

     

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

             

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

     

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

 
 
    0.000000 %     0.000000 %             0.000000 %     0.000000 %
 
   

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

     

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

             

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

     

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

 

                                          FORECLOSURE   REO

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

 

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

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

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

 

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

         

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

 

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

0-29 Days
    0       0.00     0-29 Days     0       0.00  
30 Days
    0       0.00     30 Days     0       0.00  
60 Days
    0       0.00     60 Days     0       0.00  
90 Days
    0       0.00     90 Days     0       0.00  
120 Days
    0       0.00     120 Days     0       0.00  
150 Days
    0       0.00     150 Days     0       0.00  
180+ Days
    0       0.00     180+ Days     0       0.00  
 
   

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

     

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

             

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

     

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

 
 
    0       0.00               0       0.00       No. of                   No.
of             Loans   Principal Balance           Loans   Principal Balance    

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

 

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

         

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

 

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

0-29 Days
    0.000000 %     0.000000 %   0-29 Days     0.000000 %     0.000000 %
30 Days
    0.000000 %     0.000000 %   30 Days     0.000000 %     0.000000 %
60 Days
    0.000000 %     0.000000 %   60 Days     0.000000 %     0.000000 %
90 Days
    0.000000 %     0.000000 %   90 Days     0.000000 %     0.000000 %
120 Days
    0.000000 %     0.000000 %   120 Days     0.000000 %     0.000000 %
150 Days
    0.000000 %     0.000000 %   150 Days     0.000000 %     0.000000 %
180+ Days
    0.000000 %     0.000000 %   180+ Days     0.000000 %     0.000000 %
 
   

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

     

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

             

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

     

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

 
 
    0.000000 %     0.000000 %             0.000000 %     0.000000 %
 
   

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

     

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

             

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

     

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

 

                  TOTAL

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

    No. of             Loans   Principal Balance    

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

 

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

0-29 Days
    0       0.00  
30 Days
    0       0.00  
60 Days
    0       0.00  
90 Days
    0       0.00  
120 Days
    0       0.00  
150 Days
    0       0.00  
180+ Days
    0       0.00  
 
   

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

     

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

 
 
    0       0.00  
 
  No. of        
 
  Loans   Principal Balance    

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

 

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

0-29 Days
    0.000000 %     0.000000 %
30 Days
    0.000000 %     0.000000 %
60 Days
    0.000000 %     0.000000 %
90 Days
    0.000000 %     0.000000 %
120 Days
    0.000000 %     0.000000 %
150 Days
    0.000000 %     0.000000 %
180+ Days
    0.000000 %     0.000000 %
 
   

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

     

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

 
 
    0.000000 %     0.000000 %
 
   

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

     

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

 

 

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

 

Collateral Statement

          Collateral Description   Fixed Mixed & ARM & Balloon

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

 

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

Weighted Average Gross Coupon
    3.591019 %
Weighted Average Net Coupon
    3.291019 %
Weighted Average Pass-Through Rate
    3.286019 %
Weighted Average Maturity (Stepdown Calculation)
    354  
Beginning Scheduled Collateral Loan Count
    408  
Number of Loans Paid in Full
    2  
Ending Scheduled Collateral Loan Count
    406  
Beginning Scheduled Collateral Balance
    379,280,737.93  
Ending Scheduled Collateral Balance
    376,554,673.85  
Ending Actual Collateral Balance at 31-Dec-2002
    376,554,673.85  
Monthly P&I Constant
    1,175,715.12  
Special Servicing Fee
    0.00  
Prepayment Penalties
    0.00  
Realization Loss Amount
    0.00  
Cumulative Realized Loss
    0.00  
Ending Scheduled Balance for Premium Loans
    376,554,673.85  
Scheduled Principal
    40,711.54  
Unscheduled Principal
    2,685,352.56  

Miscellaneous Reporting

         
Senior Percentage
    100.000000 %
Senior Percentage Group 1
    100.000000 %
Senior Percentage Group 2
    100.000000 %
Senior Prepayment Percentage
    100.000000 %
Senior Prepayment Percentage Group 1
    100.000000 %
Senior Prepayment Percentage Group 2
    100.000000 %
Subordinate Percentage
    0.000000 %
Subordinate Percentage Group 1
    0.000000 %
Subordinate Percentage Group 2
    0.000000 %

 

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

 

                          Group   1   2   Total

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

 

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

 

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

 

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

Collateral Description
  Fixed 15/30 & ARM     Fixed 15/30 & ARM     Fixed Mixed & ARM & B
Weighted Average Coupon Rate
    5.192300       3.290540       3.591019  
Weighted Average Net Rate
    4.892300       2.990540       3.291019  
Pass-Through Rate
    4.887300       2.985540       3.268019  
Weighted Average Maturity
    356       352       354  
Record Date
    12/31/2002       12/31/2002       12/31/2002  
Principal and Interest Constant
    266,617.16       909,097.96       1,175,715.12  
Beginning Loan Count
    73       335       408  
Loans Paid in Full
    0       2       2  
Ending Loan Count
    73       333       406  
Beginning Scheduled Balance
    59,926,472.58       319,354,265.35       379,280,737.93  
Ending Scheduled Balance
    59,913,281.31       316,641,392.54       376,554,673.85  
Scheduled Principal
    7,320.29       33,391.25       40,711.54  
Unscheduled Principal
    5,870.89       2,679,481.58       2,685,352.56  
Scheduled Interest
    259,296.87       875,706.71       1,135,003.58  
Servicing Fee
    14,981.62       79,838.57       94,820.19  
Master Servicing Fee
    0.00       0.00       0.00  
Trustee Fee
    249.68       1,330.66       1,580.34  
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
    244,065.57       794,537.48       1,038,603.05  
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