<PAGE>
                                                                    EXHIBIT 10.1
CONTACT:   CUSTOMER SERVICES -- CTSLINK
           WELLS FARGO BANK MINNESOTA, N.A.
           SECURITIES ADMINISTRATION SERVICES
           7485 NEW HORIZON WAY
           FREDERICK, MD  21703
           WWW.CTSLINK.COM
           TELEPHONE:(301) 815-6600
           FAX: (301) 315-6660

                               SMT SERIES 2002-10
                          RECORD DATE: OCTOBER 31, 2002
                      DISTRIBUTION DATE: NOVEMBER 20, 2002

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                                     Certificate      Certificate
                                        Class         Pass-Through          Beginning             Interest           Principal
   Class             CUSIP           Description          Rate         Certificate Balance      Distribution        Distribution
   -----             -----           -----------          ----         -------------------      ------------        ------------
<S>                <C>               <C>              <C>              <C>                      <C>                 <C>
     1A            81743VAA1             SEN           2.23000%            822,263,717.49        1,528,040.07        4,913,444.17
    2A-1           81743VAB9             SEN           2.21000%            189,936,325.70          349,799.40        1,491,467.72
    2A-2           81743VAN3             SEN           2.51000%              3,500,000.00            7,320.83                0.00
    X-1A           81743VAC7             IO            1.04471%                      0.00          342,094.82                0.00
    X-1B           81743VAD5             IO            1.22800%                      0.00          439,346.71                0.00
    X-2            81743VAP8             IO            1.24997%                      0.00          201,493.67                0.00
    X-B            81743VAE3             IO            0.64831%                      0.00           13,900.36                0.00
    A-R            81743VAF0             SEN           3.40023%                      0.00                0.00                0.00
    B-1            81743VAG8             SUB           2.63000%             12,600,000.00           27,615.00                0.00
    B-2            81743VAH6             SUB           2.63000%              8,400,000.00           18,410.00                0.00
    B-3            81743VAJ2             SUB           3.23000%              4,725,000.00           12,718.13                0.00
    B-4            SMT0210B4             SUB           3.38851%              2,625,000.00            7,412.37                0.00
    B-5            SMT0210B5             SUB           3.38851%              2,100,000.00            5,929.89                0.00
    B-6            SMT0210B6             SUB           3.38851%              3,685,162.00           10,406.01                0.00
                                                                         ----------------        ------------        ------------
Totals                                                                   1,049,835,205.19        2,964,487.26        6,404,911.89
</TABLE>

<TABLE>
<CAPTION>

                      Current         Ending Certificate         Total            Cumulative
   Class           Realized Loss            Balance           Distribution       Realized Loss
   -----           -------------            -------           ------------       -------------
<S>                <C>                <C>                     <C>                <C>
     1A                  0.00            817,350,273.32       6,441,484.24            0.00
    2A-1                 0.00            188,444,857.98       1,841,267.12            0.00
    2A-2                 0.00              3,500,000.00           7,320.83            0.00
    X-1A                 0.00                      0.00         342,094.82            0.00
    X-1B                 0.00                      0.00         439,346.71            0.00
    X-2                  0.00                      0.00         201,493.67            0.00
    X-B                  0.00                      0.00          13,900.36            0.00
    A-R                  0.00                      0.00               0.00            0.00
    B-1                  0.00             12,600,000.00          27,615.00            0.00
    B-2                  0.00              8,400,000.00          18,410.00            0.00
    B-3                  0.00              4,725,000.00          12,718.13            0.00
    B-4                  0.00              2,625,000.00           7,412.37            0.00
    B-5                  0.00              2,100,000.00           5,929.89            0.00
    B-6                  0.00              3,685,162.00          10,406.01            0.00
                         ----          ----------------       ------------            ----
Totals                   0.00          1,043,430,293.30       9,369,399.15            0.00
</TABLE>


All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
<PAGE>
                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                         Beginning           Scheduled        Unscheduled
                 Original Face           Certificate         Principal         Principal                        Realized
   Class             Amount                Balance          Distribution     Distribution       Accretion       Loss (1)
   -----             ------                -------          ------------     ------------       ---------       --------

<S>              <C>                    <C>                 <C>              <C>                <C>             <C>
     1A             822,375,000.00        822,263,717.49          0.00       4,913,444.17           0.00           0.00
    2A-1            190,000,000.00        189,936,325.70          0.00       1,491,467.72           0.00           0.00
    2A-2              3,500,000.00          3,500,000.00          0.00               0.00           0.00           0.00
    X-1A                      0.00                  0.00          0.00               0.00           0.00           0.00
    X-1B                      0.00                  0.00          0.00               0.00           0.00           0.00
    X-2                       0.00                  0.00          0.00               0.00           0.00           0.00
    X-B                       0.00                  0.00          0.00               0.00           0.00           0.00
    A-R                     100.00                  0.00          0.00               0.00           0.00           0.00
    B-1              12,600,000.00         12,600,000.00          0.00               0.00           0.00           0.00
    B-2               8,400,000.00          8,400,000.00          0.00               0.00           0.00           0.00
    B-3               4,725,000.00          4,725,000.00          0.00               0.00           0.00           0.00
    B-4               2,625,000.00          2,625,000.00          0.00               0.00           0.00           0.00
    B-5               2,100,000.00          2,100,000.00          0.00               0.00           0.00           0.00
    B-6               3,685,162.00          3,685,162.00          0.00               0.00           0.00           0.00
                  ----------------      ----------------          ----       ------------           ----           ----
Totals            1,050,010,262.00      1,049,835,205.19          0.00       6,404,911.89           0.00           0.00
</TABLE>

<TABLE>
<CAPTION>

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

<S>               <C>                 <C>                   <C>                      <C>
     1A             4,913,444.17        817,350,273.32             0.99388998           4,913,444.17
    2A-1            1,491,467.72        188,444,857.98             0.99181504           1,491,467.72
    2A-2                    0.00          3,500,000.00             1.00000000                   0.00
    X-1A                    0.00                  0.00             0.00000000                   0.00
    X-1B                    0.00                  0.00             0.00000000                   0.00
    X-2                     0.00                  0.00             0.00000000                   0.00
    X-B                     0.00                  0.00             0.00000000                   0.00
    A-R                     0.00                  0.00             0.00000000                   0.00
    B-1                     0.00         12,600,000.00             1.00000000                   0.00
    B-2                     0.00          8,400,000.00             1.00000000                   0.00
    B-3                     0.00          4,725,000.00             1.00000000                   0.00
    B-4                     0.00          2,625,000.00             1.00000000                   0.00
    B-5                     0.00          2,100,000.00             1.00000000                   0.00
    B-6                     0.00          3,685,162.00             1.00000000                   0.00
                    ------------      ----------------             ----------           ------------
Totals              6,404,911.89      1,043,430,293.30             0.99373342           6,404,911.89
</TABLE>


(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

<TABLE>
<CAPTION>
                                         Beginning           Scheduled        Unscheduled
                 Original Face           Certificate         Principal          Principal                          Realized
   Class             Amount                Balance          Distribution      Distribution        Accretion        Loss (3)
   -----             ------                -------          ------------      ------------        ---------        --------

<S>              <C>                   <C>                 <C>                <C>                <C>              <C>
     1A          822,375,000.00          999.86468155       0.00000000          5.97470031       0.00000000       0.00000000
    2A-1         190,000,000.00          999.66487211       0.00000000          7.84983011       0.00000000       0.00000000
    2A-2           3,500,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    X-1A                   0.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    X-1B                   0.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    X-2                    0.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    X-B                    0.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    A-R                  100.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-1           12,600,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-2            8,400,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-3            4,725,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-4            2,625,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-5            2,100,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-6            3,685,162.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
</TABLE>

<TABLE>
<CAPTION>
                                       Ending
              Total Principal        Certificate      Ending Certificate       Total Principal
   Class          Reduction            Balance             Percentage            Distribution
   -----          ---------            -------             ----------            ------------

<S>           <C>                 <C>                 <C>                       <C>
     1A           5.97470031        993.88998124             0.99388998             5.97470031
    2A-1          7.84983011        991.81504200             0.99181504             7.84983011
    2A-2          0.00000000       1000.00000000             1.00000000             0.00000000
    X-1A          0.00000000          0.00000000             0.00000000             0.00000000
    X-1B          0.00000000          0.00000000             0.00000000             0.00000000
    X-2           0.00000000          0.00000000             0.00000000             0.00000000
    X-B           0.00000000          0.00000000             0.00000000             0.00000000
    A-R           0.00000000          0.00000000             0.00000000             0.00000000
    B-1           0.00000000       1000.00000000             1.00000000             0.00000000
    B-2           0.00000000       1000.00000000             1.00000000             0.00000000
    B-3           0.00000000       1000.00000000             1.00000000             0.00000000
    B-4           0.00000000       1000.00000000             1.00000000             0.00000000
    B-5           0.00000000       1000.00000000             1.00000000             0.00000000
    B-6           0.00000000       1000.00000000             1.00000000             0.00000000
</TABLE>


(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.
<PAGE>
                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                                           Beginning                           Payment of
                                                          Certificate/         Current           Unpaid          Current
                Original Face           Current            Notional             Accrued         Interest        Interest
   Class            Amount          Certificate Rate        Balance            Interest         Shortfall       Shortfall
   -----            ------          ----------------       ---------           --------         ---------       ---------

<S>          <C>                    <C>                <C>                 <C>                 <C>              <C>
    1A         822,375,000.00            2.23000%      822,263,717.49      1,528,040.08            0.00             0.00
   2A-1        190,000,000.00            2.21000%      189,936,325.70        349,799.40            0.00             0.00
   2A-2          3,500,000.00            2.51000%        3,500,000.00          7,320.83            0.00             0.00
   X-1A                  0.00            1.04471%      392,940,000.50        342,091.61            0.00             0.00
   X-1B                  0.00            1.22800%      429,323,716.99        439,342.59            0.00             0.00
    X-2                  0.00            1.24997%      193,436,325.70        201,491.79            0.00             0.00
    X-B                  0.00            0.64831%       25,725,000.00         13,898.06            0.00             0.00
    A-R                100.00            3.40023%                0.00              0.00            0.00             0.00
    B-1         12,600,000.00            2.63000%       12,600,000.00         27,615.00            0.00             0.00
    B-2          8,400,000.00            2.63000%        8,400,000.00         18,410.00            0.00             0.00
    B-3          4,725,000.00            3.23000%        4,725,000.00         12,718.13            0.00             0.00
    B-4          2,625,000.00            3.38851%        2,625,000.00          7,412.37            0.00             0.00
    B-5          2,100,000.00            3.38851%        2,100,000.00          5,929.89            0.00             0.00
    B-6          3,685,162.00            3.38851%        3,685,162.00         10,406.01            0.00             0.00
             ----------------                                              ------------            ----             ----
  Totals     1,050,010,262.00                                              2,964,475.76            0.00             0.00
</TABLE>

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

<S>              <C>             <C>           <C>                  <C>             <C>
    1A               0.00           0.00       1,528,040.07             0.00        817,350,273.32
   2A-1              0.00           0.00         349,799.40             0.00        188,444,857.98
   2A-2              0.00           0.00           7,320.83             0.00          3,500,000.00
   X-1A              0.00           0.00         342,094.82             0.00        390,578,367.87
   X-1B              0.00           0.00         439,346.71             0.00        426,771,905.45
    X-2              0.00           0.00         201,493.67             0.00        191,944,857.98
    X-B              0.00           0.00          13,900.36             0.00         25,725,000.00
    A-R              0.00           0.00               0.00             0.00                  0.00
    B-1              0.00           0.00          27,615.00             0.00         12,600,000.00
    B-2              0.00           0.00          18,410.00             0.00          8,400,000.00
    B-3              0.00           0.00          12,718.13             0.00          4,725,000.00
    B-4              0.00           0.00           7,412.37             0.00          2,625,000.00
    B-5              0.00           0.00           5,929.89             0.00          2,100,000.00
    B-6              0.00           0.00          10,406.01             0.00          3,685,162.00
                     ----           ----       ------------             ----
  Totals             0.00           0.00       2,964,487.26             0.00
</TABLE>


(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

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

<S>             <C>                 <C>           <C>                   <C>                 <C>              <C>
    1A          822,375,000.00      2.23000%         999.86468155          1.85808187       0.00000000       0.00000000
   2A-1         190,000,000.00      2.21000%         999.66487211          1.84104947       0.00000000       0.00000000
   2A-2           3,500,000.00      2.51000%        1000.00000000          2.09166571       0.00000000       0.00000000
   X-1A                   0.00      1.04471%         999.94961444          0.87055116       0.00000000       0.00000000
   X-1B                   0.00      1.22800%         999.78695908          1.02311839       0.00000000       0.00000000
    X-2                   0.00      1.24997%         999.67093385          1.04130124       0.00000000       0.00000000
    X-B                   0.00      0.64831%        1000.00000000          0.54025500       0.00000000       0.00000000
    A-R                 100.00      3.40023%           0.00000000          0.00000000       0.00000000       0.00000000
    B-1          12,600,000.00      2.63000%        1000.00000000          2.19166667       0.00000000       0.00000000
    B-2           8,400,000.00      2.63000%        1000.00000000          2.19166667       0.00000000       0.00000000
    B-3           4,725,000.00      3.23000%        1000.00000000          2.69166772       0.00000000       0.00000000
    B-4           2,625,000.00      3.38851%        1000.00000000          2.82376000       0.00000000       0.00000000
    B-5           2,100,000.00      3.38851%        1000.00000000          2.82375714       0.00000000       0.00000000
    B-6           3,685,162.00      3.38851%        1000.00000000          2.82375917       0.00000000       0.00000000
</TABLE>

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

<S>             <C>                <C>             <C>                 <C>            <C>
    1A          0.00000000         0.00000000        1.85808186        0.00000000            993.88998124
   2A-1         0.00000000         0.00000000        1.84104947        0.00000000            991.81504200
   2A-2         0.00000000         0.00000000        2.09166571        0.00000000           1000.00000000
   X-1A         0.00000000         0.00000000        0.87055933        0.00000000            993.93975636
   X-1B         0.00000000         0.00000000        1.02312799        0.00000000            993.84443180
    X-2         0.00000000         0.00000000        1.04131096        0.00000000            991.96309034
    X-B         0.00000000         0.00000000        0.54034441        0.00000000           1000.00000000
    A-R         0.00000000         0.00000000        0.00000000        0.00000000              0.00000000
    B-1         0.00000000         0.00000000        2.19166667        0.00000000           1000.00000000
    B-2         0.00000000         0.00000000        2.19166667        0.00000000           1000.00000000
    B-3         0.00000000         0.00000000        2.69166772        0.00000000           1000.00000000
    B-4         0.00000000         0.00000000        2.82376000        0.00000000           1000.00000000
    B-5         0.00000000         0.00000000        2.82375714        0.00000000           1000.00000000
    B-6         0.00000000         0.00000000        2.82375917        0.00000000           1000.00000000
</TABLE>


(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.
<PAGE>
                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

<TABLE>
<S>                                                                <C>
Beginning Balance                                                          0.00

Deposits
           Payments of Interest and Principal                      9,562,518.03
           Liquidations, Insurance Proceeds, Reserve Funds                11.52
           Proceeds from Repurchased Loans                                 0.00
           Other Amounts (Servicer Advances)                          25,585.27
           Realized Losses                                                 0.00
           Prepayment Penalties                                            0.00
                                                                   ------------
Total Deposits                                                     9,588,114.82

Withdrawals
           Reimbursement for Servicer Advances                             0.00
           Payment of Service Fee                                    218,715.67
           Payment of Interest and Principal                       9,369,399.15
                                                                   ------------
Total Withdrawals (Pool Distribution Amount)                       9,588,114.82

Ending Balance                                                             0.00
                                                                   ============
</TABLE>



                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<TABLE>
<S>                                                                         <C>
Total Prepayment/Curtailment Interest Shortfall                             0.00
Servicing Fee Support                                                       0.00
                                                                            ----
Non-Supported Prepayment Curtailment Interest Shortfall                     0.00
                                                                            ====
</TABLE>






                                 SERVICING FEES

Gross Servicing Fee                                                   218,715.67
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                      ----------

Net Servicing Fee                                                     218,715.67
                                                                      ==========
<PAGE>

<TABLE>
<CAPTION>
           Account Type                  Beginning Balance    Current Withdrawals   Current Deposits    Ending Balance
           ------------                  -----------------    -------------------   ----------------    --------------

<S>                                      <C>                  <C>                   <C>                 <C>
Class X-A Basis Risk Reserve Fund            8,000.00                 9.22                9.22              8,000.00
Class X-B Basis Risk Reserve Fund            2,000.00                 2.30                2.30              2,000.00
</TABLE>




             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
                 DELINQUENT                                  BANKRUPTCY                                FORECLOSURE
------------------------------------------    --------------------------------------    --------------------------------------
                    No. of       Principal                    No. of       Principal                    No. of        Principal
                    Loans         Balance                     Loans         Balance                      Loans         Balance

<S>              <C>           <C>            <C>            <C>           <C>           <C>           <C>            <C>
0-29 Days             0                 0.00  0-29 Days         0              0.00      0-29 Days         0             0.00
30 Days               18        9,202,242.49  30 Days           0              0.00      30 Days           0             0.00
60 Days               1           279,473.00  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
                     ---        ------------                   --              ----                       --             ----
                      19        9,481,715.49                    0              0.00                        0             0.00


<CAPTION>
                    No. of       Principal                    No. of       Principal                    No. of        Principal
                    Loans         Balance                     Loans         Balance                      Loans         Balance
<S>               <C>            <C>          <C>           <C>            <C>           <C>           <C>            <C>
0-29 Days         0.000000%      0.000000%    0-29 Days     0.000000%      0.000000%     0-29 Days     0.000000%      0.000000%
30 Days           0.653120%      0.882259%    30 Days       0.000000%      0.000000%     30 Days       0.000000%      0.000000%
60 Days           0.036284%      0.026794%    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%
                  --------       --------                   --------       --------                    --------       --------
                  0.689405%      0.909054%                  0.000000%      0.000000%                   0.000000%      0.000000%
</TABLE>

<TABLE>
<CAPTION>
                    REO                                       TOTAL
---------------------------------------    -----------------------------------------
                  No. of      Principal                    No. of        Principal
                  Loans        Balance                     Loans          Balance

<S>               <C>        <C>          <C>             <C>         <C>
0-29 Days               0          0.00     0-29 Days            0            0.00
30 Days                 0          0.00     30 Days             18    9,202,242.49
60 Days                 0          0.00     60 Days              1      279,473.00
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                         19    9,481,715.49

<CAPTION>
                   No. of      Principal                    No. of        Principal
                   Loans        Balance                     Loans          Balance
<S>              <C>           <C>          <C>           <C>             <C>
0-29 Days        0.000000%     0.000000%    0-29 Days     0.000000%       0.000000%
30 Days          0.000000%     0.000000%    30 Days       0.653120%       0.882259%
60 Days          0.000000%     0.000000%    60 Days       0.036284%       0.026794%
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%                  0.689405%       0.909054%
</TABLE>


<TABLE>
<S>                                                                   <C>
Current Period Class A Insufficient Funds:                                 0.00

Principal Balance of Contaminated Properties                               0.00

Periodic Advance                                                      25,595.27
</TABLE>
<PAGE>
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage

<TABLE>
<CAPTION>
                      Original $          Original %        Current $         Current %       Current Class %       Prepayment %
                      ----------          ----------        ---------         ---------       ---------------       ------------

<S>                <C>                  <C>             <C>                 <C>               <C>                 <C>
  Class A          1,050,010,162.00     99.999999048%   1,043,430,293.30    100.00000000%         96.728563%          0.000000%
 Class 1A            227,635,162.00      21.67932736%     226,080,019.98     21.66699792%         78.333002%      2,394.452598%
Class 2-A-1           37,635,162.00       3.58426611%      37,635,162.00      3.60686883%         18.060129%        522,054969%
Class 2-A-2           34,135,162.00       3.25093604%      34,135,162.00      3.27143674%          0.335432%        10.2533357%
 Class X-2            34,135,162.00       3.25093604%      34,135,162.00      3.27143674%          0.000000%         0.0000000%
 Class B-1            21,535,162.00       2.05094776%      21,535,162.00      2.06388123%          1.207556%         36.912085%
 Class B-2            13,135,162.00       1.25095558%      13,135,162.00      1.25884423%          0.805037%         24.608057%
 Class B-3             8,410,162.00       0.80095998%       8,410,162.00      0.80601091%          0.452833%        13..842032%
 Class B-4             5,785,162.00       0.55096242%       5,785,162.00      0.55443685%          0.251574%          7.690018%
 Class B-5             3,685,162.00       0.35096438%       3,685,162.00      0.35317759%          0.201259%          6.152014%
 Class B-6                     0.00       0.00000000%               0.00      0.00000000%          0.353178%         10.795795%
</TABLE>

Please refer to the prospectus supplement for a full description of loss
exposure




<TABLE>
<CAPTION>
                                    Original $               Original %             Current $               Current %
<S>                               <C>                       <C>                   <C>                      <C>
                 Bankruptcy          163,046.00             0.01552804%              163,046.00            0.01562596%
                      Fraud       31,500,308.00             3.00000001%           31,500,308.00            3.01891829%
             Special Hazard       11,240,000.00             1.07046573%           11,240,000.00            1.07721619%
</TABLE>

Limit of subordinate's exposure to certain types of losses
<PAGE>
                           DELINQUENCY STATUS BY GROUP

                                     GROUP 1

<TABLE>
<CAPTION>
                 DELINQUENT                                  BANKRUPTCY                               FORECLOSURE
------------------------------------------    --------------------------------------    --------------------------------------
                    No. of       Principal                    No. of       Principal                     No. of      Principal
                    Loans         Balance                     Loans         Balance                      Loans        Balance

<S>               <C>        <C>              <C>           <C>            <C>          <C>            <C>           <C>
0-29 Days                0           0.00     0-29 Days            0           0.00     0-29 Days             0          0.00
30 Days                 15   8,087,124.41     30 Days              0           0.00     30 Days               0          0.00
60 Days                  1     279,473.00     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
                        --   ------------                         --           ----                          --          ----
                        16   8,366,597.41                          0           0.00                           0          0.00

<CAPTION>
                    No. of       Principal                    No. of       Principal                     No. of      Principal
                    Loans         Balance                     Loans         Balance                      Loans        Balance
<S>               <C>            <C>          <C>           <C>            <C>          <C>            <C>           <C>
0-29 Days         0.000000%      0.000000%    0-29 Days     0.000000%      0.000000%    0-29 Days      0.000000%     0.000000%
30 Days           0.687758%      0.957366%    30 Days       0.000000%      0.000000%    30 Days        0.000000%     0.000000%
60 Days           0.045851%      0.033084%    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%
                  ---------      ---------                  ---------      ---------                   ---------     ---------
                  0.733608%      0.990450%                  0.000000%      0.000000%                   0.000000%     0.000000%
</TABLE>

<TABLE>
<CAPTION>
                   REO                                       TOTAL
---------------------------------------    -----------------------------------------
                 No. of       Principal                     No. of       Principal
                  Loans        Balance                      Loans         Balance

<S>                     <C>          <C>       <C>                <C>    <C>
0-29 Days                  0          0.00     0-29 Days             0           0.00
30 Days                    0          0.00     30 Days              15   8,087,124.41
60 Days                    0          0.00     60 Days               1     279,473.00
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                          16   8,366,597.41
<CAPTION>
                 No. of       Principal                     No. of       Principal
                  Loans        Balance                      Loans         Balance
<S>                 <C>           <C>          <C>            <C>            <C>
0-29 Days           0.000000%     0.000000%    0-29 Days      0.000000%      0.000000%
30 Days             0.000000%     0.000000%    30 Days        0.687758%      0.957366%
60 Days             0.000000%     0.000000%    60 Days        0.045851%      0.033084%
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%                   0.733608%      0.990450%
</TABLE>


                                     GROUP 2

<TABLE>
<CAPTION>
                 DELINQUENT                                  BANKRUPTCY                                FORECLOSURE
-----------------------------------------     ---------------------------------------    --------------------------------------
                  No. of        Principal                      No. of       Principal                     No. of      Principal
                  Loans          Balance                       Loans         Balance                      Loans        Balance
<S>             <C>         <C>               <C>                  <C>          <C>      <C>                  <C>        <C>
0-29 Days              0            0.00      0-29 Days             0           0.00     0-29 Days             0          0.00
30 Days                3    1,115,118.08      30 Days               0           0.00     30 Days               0          0.00
60 Days                0            0.00      60 Days               0           0.00     60 Days               0          0.00
90 Days                0            0.00      90 Days               0           0.00     90 Days               0          0.00
120 Days               0            0.00      120 Days              0           0.00     120 Days              0          0.00
150 Days               0            0.00      150 Days              0           0.00     150 Days              0          0.00
180+ Days              0            0.00      180+ Days             0           0.00     180+ Days             0          0.00
                      --    ------------                           --           ----                          --          ----
                       3    1,115,118.08                            0           0.00                           0          0.00

<CAPTION>
                  No. of        Principal                      No. of       Principal                     No. of      Principal
                  Loans          Balance                       Loans         Balance                      Loans        Balance
<S>             <C>             <C>           <C>            <C>            <C>          <C>            <C>           <C>
0-29 Days       0.000000%       0.000000%     0-29 Days      0.000000%      0.000000%    0-29 Days      0.000000%     0.000000%
30 Days         0.521739%       0.562326%     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%
                --------        --------                     --------       --------                    --------      --------
                0.521739%       0.562326%                    0.000000%      0.000000%                   0.000000%     0.000000%

</TABLE>

<TABLE>
<CAPTION>
                 REO                                       TOTAL
-------------------------------------    ------------------------------------------
                   No. of       Principal                     No. of       Principal
                    Loans        Balance                      Loans         Balance
<S>                    <C>         <C>       <C>               <C>     <C>
0-29 Days                0          0.00     0-29 Days             0           0.00
30 Days                  0          0.00     30 Days               3   1,115,118.08
60 Days                  0          0.00     60 Days               0           0.00
90 Days                  0          0.00     90 Days               0           0.00
120 Days                 0          0.00     120 Days              0           0.00
150 Days                 0          0.00     150 Days              0           0.00
180+ Days                0          0.00     180+ Days             0           0.00
                        --          ----                          --   ------------
                         0          0.00                           3   1,115,118.08

<CAPTION>
                   No. of       Principal                     No. of       Principal
                    Loans        Balance                      Loans         Balance
<S>               <C>           <C>          <C>            <C>            <C>
0-29 Days         0.000000%     0.000000%    0-29 Days      0.000000%      0.000000%
30 Days           0.000000%     0.000000%    30 Days        0.521739%      0.562326%
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%                   0.521739%      0.562326%
</TABLE>
<PAGE>
                                COLLATERAL STATEMENT

<TABLE>
<S>                                                            <C>
Collateral Description                                                 Mixed ARM

Weighted Average Gross Coupon                                          3.638504%
Weighted Average Net Coupon                                            3.388504%
Weighted Average Pass-Through Rate                                     3.388504%
Weighted Average Maturity (Stepdown Calculation)                            297

Beginning Scheduled Collateral Loan Count                                 2,764
Number of Loans Paid in Full                                                  8
Ending Scheduled Collateral Loan Count                                    2,756

Beginning Scheduled Collateral Balance                         1,049,835,205.19
Ending Scheduled Collateral Balance                            1,043,430,293.30
Ending Actual Collateral Balance at 30-Sept-2002               1,043,031,347.87

Monthly P&I Constant                                               3,183,191.42
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                             9,272,998.19

Ending Scheduled Balance for Premium Loans                     1,043,430,293.30

Scheduled Principal                                                        0.00
Unscheduled Principal                                              6,404,911.89
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                    GROUP                                    1                       2                      TOTAL

<S>                                                 <C>                     <C>                        <C>
Collateral Description                                   Mixed ARM             6 Month ARM                    Mixed ARM
Weighted Average Coupon Rate                              3.620414                3.715401                     3.638504
Weighted Average Net Rate                                 3.370414                3.465401                     3.388504
Pass-Through Rate                                         3.370414                3.465401                     3.388504
Weighted Average Maturity                                      297                     297                          297
Record Date                                             10/31/2002              10/31/2002                   10/31/2002
Principal and Interest Constant                       2,564,145.28              619,046.14                 3,183,191.42
Beginning Loan Count                                         2,187                     577                        2,764
Loans Paid in Full                                               6                       2                            8
Ending Loan Count                                            2,181                     575                        2,756
Beginning Scheduled Balance                         849,895,714.49          199,939,490.70             1,049,835,205.19
Ending Scheduled Balance                            844,982,270.32          198,448,022.98             1,043,430,293.30
Scheduled Principal                                           0.00                    0.00                         0.00
Unscheduled Principal                                 4,913,444.17            1,491,467.72                 6,404,911.89
Scheduled Interest                                    2,564,145.28              619,046.14                 3,183,191.42
Servicing Fee                                           177,061.61               41,654.06                   218,715.67
Master Servicing Fee                                          0.00                    0.00                         0.00
Trustee Fee                                                   0.00                    0.00                         0.00
FRY Amount                                                    0.00                    0.00                         0.00
Special Hazard Fee                                            0.00                    0.00                         0.00
Other Fee                                                     0.00                    0.00                         0.00
Pool Insurance Fee                                            0.00                    0.00                         0.00
Spread 1                                                      0.00                    0.00                         0.00
Spread 2                                                      0.00                    0.00                         0.00
Spread 3                                                      0.00                    0.00                         0.00
Net Interest                                          2,387,083.67              577,392.08                 2,964,475.75
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
</TABLE>
<PAGE>
                                  MISCELLANEOUS REPORTING

Group 1

<TABLE>
<S>                                                              <C>
One Month LIBOR Loans                                            403,782,572.53
Six Month LIBOR Loans                                            441,199,697.79
Pro Rata Senior Percentage                                            96.748778%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                       0.00000%


Group 2

Pro Rata Senior Percentage                                            96.747433%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
</TABLE>