<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 2002-8
                         RECORD DATE: NOVEMBER 29, 2002
                      DISTRIBUTION DATE: DECEMBER 20, 2002

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY
<TABLE>
<CAPTION>
                    Certificate   Certificate      Beginning
                       Class      Pass-Through    Certificate    Interest         Principal
Class      CUSIP    Description       Rate         Balance      Distribution     Distribution
-----   ----------  -----------   ------------  --------------  ------------     ------------
<S>     <C>         <C>           <C>           <C>             <C>             <C>
1-A1     81743RAA0      SEN          1.51813%    30,279,015.54     38,306.23     5,702,379.29
1-A2     81743RAB8      SEN          3.45500%    61,468,000.00    176,976.62             0.00
 2A      81743RAC6      SEN          1.68813%   451,656,609.49    635,379.23     3,849,085.05
 3A      81743RAD4      SEN          3.90971%    47,882,491.69    156,005.34        48,405.51
 X-1     81743RAE2       IO          2.53917%             0.00    194,136.82             0.00
X-2A    81743RAFf9       IO          1.44202%             0.00    222,116.41             0.00
X-2B     81743AFG7       IO          1.75452%             0.00    390,121.94             0.00
 X-B     81743RAH5       IO          1.66366%             0.00     12,575.24             0.00
 A-R     81743RAJ1      SEN          5.37347%             0.00          0.00             0.00
 B-1     81743RAK8      SUB          2.06313%     9,069,000.00     15,592.10             0.00
 B-2     81743RAL6      SUB          3.72679%     5,505,000.00     17,096.63             0.00
 B-3     81743RAM4      SUB          3.72679%     3,886,000.00     12,068.58             0.00
 B-4     SMT0208B4      SUB          3.72679%     1,618,000.00      5,024.95             0.00
 B-5     SMT0208B5      SUB          3.72679%       970,000.00      3,012.49             0.00
 B-6     SMT0208B6      SUB          3.72679%     2,306,324.82      7,162.65             0.00
                                                --------------  ------------     ------------
Totals                                          614,640,441.54  1,885,575.23     9,599,869.85
</TABLE>

<TABLE>
<CAPTION>
                               Ending
              Current         Certificate         Total          Cumulative
Class       Realized Loss       Balance         Distribution     Realized Loss
-----       -------------   --------------     -------------     -------------
<S>         <C>             <C>                <C>               <C>
1-A1                 0.00    24,576,636.25      5,740,685.52             0.00
1-A2                 0.00    61,468,000.00        176,976.62             0.00
 2A                  0.00   447,807,524.44      4,484,464.28             0.00
 3A                  0.00    47,834,086.18        204,410.85             0.00
 X-1                 0.00             0.00        194,136.82             0.00
X-2A                 0.00             0.00        222,116.41             0.00
X-2B                 0.00             0.00        390,121.94             0.00
 X-B                 0.00             0.00         12,575.24             0.00
 A-R                 0.00             0.00              0.00             0.00
 B-1                 0.00     9,069,000.00         15,592.10             0.00
 B-2                 0.00     5,505,000.00         17,096.63             0.00
 B-3                 0.00     3,886,000.00         12,068.58             0.00
 B-4                 0.00     1,618,000.00          5,024.95             0.00
 B-5                 0.00       970,000.00          3,012.49             0.00
 B-6                 0.00     2,306,324.82          7,162.65             0.00
                     ----   --------------     -------------             ----
Totals               0.00   605,040,571.69     11,485,445.08             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
   Class         Amount           Balance       Distribution   Distribution     Accretion
   -----      -------------     --------------  ------------   ------------     ---------
<S>          <C>                <C>             <C>            <C>              <C>
   1-A1        50,000,000.00     30,279,015.54      1,218.41     5,701,160.88         0.00
   1-A2        61,468,000.00     61,468,000.00          0.00             0.00         0.00
    2A        463,097,000.00    451,656,609.49        158.92     3,848,926.13         0.00
    3A         49,973,000.00     47,882,491.69          0.00        48,405.51         0.00
    X-1                 0.00              0.00          0.00             0.00         0.00
   X-2A                 0.00              0.00          0.00             0.00         0.00
   X-2B                 0.00              0.00          0.00             0.00         0.00
    X-B                 0.00              0.00          0.00             0.00         0.00
    A-R               100.00              0.00          0.00             0.00         0.00
    B-1         9,069,000.00      9,069,000.00          0.00             0.00         0.00
    B-2         5,505,000.00      5,505,000.00          0.00             0.00         0.00
    B-3         3,886,000.00      3,886,000.00          0.00             0.00         0.00
    B-4         1,618,000.00      1,618,000.00          0.00             0.00         0.00
    B-5           970,000.00        970,000.00          0.00             0.00         0.00
    B-6         2,306,324.82      2,306,324.82          0.00             0.00         0.00
-------       --------------    --------------      --------     ------------         ----
Totals        647,892,424.82    614,640,441.54      1,377.33     9,598,492.52         0.00
</TABLE>

<TABLE>
<CAPTION>
                                                   Ending           Ending
               Realized     Total Principal      Certificate        Certificate         Total Principal
   Class       Loss (1)        Reduction           Balance          Percentage          Distribution
   -----       --------     ---------------      ------------       -----------         ---------------
<S>            <C>          <C>                  <C>                <C>                 <C>
   1-A1              0.00       5,702,379.29       24,576,636.25          0.49153273       5,702,379.29
   1-A2              0.00               0.00       61,468,000.00          1.00000000               0.00
    2A               0.00       3,849,085.05      447,807,524.44          0.96698429       3,849,085.05
    3A               0.00          48,405.51       47,834,086.18          0.95719861          48,405.51
    X-1              0.00               0.00                0.00          0.00000000               0.00
   X-2A              0.00               0.00                0.00          0.00000000               0.00
   X-2B              0.00               0.00                0.00          0.00000000               0.00
    X-B              0.00               0.00                0.00          0.00000000               0.00
    A-R              0.00               0.00                0.00          0.00000000               0.00
    B-1              0.00               0.00        9,069,000.00          1.00000000               0.00
    B-2              0.00               0.00        5,505,000.00          1.00000000               0.00
    B-3              0.00               0.00        3,886,000.00          1.00000000               0.00
    B-4              0.00               0.00        1,618,000.00          1.00000000               0.00
    B-5              0.00               0.00          970,000.00          1.00000000               0.00
    B-6              0.00               0.00        2,306,324.82          1.00000000               0.00
-------              ----       ------------      --------------          ----------       ------------
Totals               0.00       9,599,869.85      605,040,571.69          0.93385962       9,599,869.85
</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
   Class         Amount           Balance       Distribution   Distribution     Accretion
   -----      -------------     --------------  ------------   ------------     ---------
<S>          <C>                <C>             <C>            <C>              <C>
   1-A1        50,000,000.00      605.58031080    0.02436820     114.02321760    0.00000000
   1-A2        61,468,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    2A        463,097,000.00      975.29590883    0.00034317       8.31127416    0.00000000
    3A         49,973,000.00      958.16724411    0.00000000       0.96863326    0.00000000
    X-1                 0.00        0.00000000    0.00000000       0.00000000    0.00000000
   X-2A                 0.00        0.00000000    0.00000000       0.00000000    0.00000000
   X-2B                 0.00        0.00000000    0.00000000       0.00000000    0.00000000
    X-B                 0.00        0.00000000    0.00000000       0.00000000    0.00000000
    A-R               100.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-1         9,069,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-2         5,505,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-3         3,886,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-4         1,618,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-5           970,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-6         2,306,324.82     1000.00000000    0.00000000       0.00000000    0.00000000
</TABLE>

<TABLE>
<CAPTION>
                                                 Ending            Ending
             Realized     Total Principal      Certificate        Certificate         Total Principal
   Class     Loss (3)        Reduction           Balance          Percentage          Distribution
   -----     --------     ---------------      ------------       -----------         ---------------
<S>          <C>          <C>                  <C>                <C>                 <C>
   1-A1        0.00000000     114.04758580        491.53272500      0.49153273           114.04758580
   1-A2        0.00000000       0.00000000       1000.00000000      1.00000000             0.00000000
    2A         0.00000000       8.31161733        966.98429150      0.96698429             8.31161733
    3A         0.00000000       0.96863326        957.19861085      0.95719861             0.96863326
    X-1        0.00000000       0.00000000          0.00000000      0.00000000             0.00000000
   X-2A        0.00000000       0.00000000          0.00000000      0.00000000             0.00000000
   X-2B        0.00000000       0.00000000          0.00000000      0.00000000             0.00000000
    X-B        0.00000000       0.00000000          0.00000000      0.00000000             0.00000000
    A-R        0.00000000       0.00000000          0.00000000      0.00000000             0.00000000
    B-1        0.00000000       0.00000000       1000.00000000      1.00000000             0.00000000
    B-2        0.00000000       0.00000000       1000.00000000      1.00000000             0.00000000
    B-3        0.00000000       0.00000000       1000.00000000      1.00000000             0.00000000
    B-4        0.00000000       0.00000000       1000.00000000      1.00000000             0.00000000
    B-5        0.00000000       0.00000000       1000.00000000      1.00000000             0.00000000
    B-6        0.00000000       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
                                   Current        Certificate/       Current        Unpaid       Current
             Original Face       Certificate        Notional        Accrued       Interest      Interest
  Class         Amount               Rate           Balance         Interest      Shortfall     Shortfall
  -----      -------------       ------------     -------------    -----------   -----------    ----------
<S>          <C>       <C>       <C>            <C>                <C>           <C>            <C>
  1-A1         50,000,000.00         1.51813%     30,279,015.54      38,306.23      0.00          0.00
  1-A2         61,468,000.00         3.45500%     61,468,000.00     176,976.62      0.00          0.00
   2A         463,097,000.00         1.68813%    451,656,609.49     635,379.23      0.00          0.00
   3A          49,973,000.00         3.90971%     47,882,491.69     156,005.34      0.00          0.00
   X-1                  0.00         2.53917%     91,747,015.54     194,134.66      0.00          0.00
  X-2A                  0.00         1.44202%    184,835,868.52     222,114.85      0.00          0.00
  X-2B                  0.00         1.75452%    266,820,740.97     390,119.20      0.00          0.00
   X-B                  0.00         1.66366%      9,069,000.00      12,573.08      0.00          0.00
   A-R                100.00         5.37347%              0.00           0.00      0.00          0.00
   B-1          9,069,000.00         2.06313%      9,069,000.00      15,592.10      0.00          0.00
   B-2          5,505,000.00         3.72679%      5,505,000.00      17,096.63      0.00          0.00
   B-3          3,886,000.00         3.72679%      3,886,000.00      12,068.58      0.00          0.00
   B-4          1,618,000.00         3.72679%      1,618,000.00       5,024.95      0.00          0.00
   B-5            970,000.00         3.72679%        970,000.00       3,012.49      0.00          0.00
   B-6          2,306,324.82         3.72679%      2,306,324.82       7,162.65      0.00          0.00
-------       --------------         -------     --------------   ------------      ----          ----
 Totals       647,892,424.82                                      1,885,566.61      0.00          0.00
</TABLE>

<TABLE>
<CAPTION>
                                                               Remaining         Ending
              Non-Supported                                     Unpaid        Certificate/
               Interest          Realized    Total Interest     Interest       Notational
  Class        Shortfall         Loss (4)     Distribution     Shortfall         Balance
  -----       -------------     ---------   --------------     ---------      -----------
<S>            <C>               <C>        <C>                <C>         <C>
  1-A1           0.00             0.00          38,306.23         0.00      24,576,636.25
  1-A2           0.00             0.00         176,976.62         0.00      61,468,000.00
   2A            0.00             0.00         635,379.23         0.00     447,807,524.44
   3A            0.00             0.00         156,005.34         0.00      47,834,086.18
   X-1           0.00             0.00         194,136.82         0.00      86,044,636.25
  X-2A           0.00             0.00         222,116.41         0.00     183,613,498.42
  X-2B           0.00             0.00         390,121.94         0.00     264,194,026.02
   X-B           0.00             0.00          12,575.24         0.00       9,069,000.00
   A-R           0.00             0.00               0.00         0.00               0.00
   B-1           0.00             0.00          15,592.10         0.00       9,069,000.00
   B-2           0.00             0.00          17,096.63         0.00       5,505,000.00
   B-3           0.00             0.00          12,068.58         0.00       3,886,000.00
   B-4           0.00             0.00           5,024.95         0.00       1,618,000.00
   B-5           0.00             0.00           3,012.49         0.00         970,000.00
   B-6           0.00             0.00           7,162.65         0.00       2,306,324.82
-------          ----             ----       ------------         ----     --------------
 Totals          0.00             0.00       1,885,575.23         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.
<PAGE>


                     INTEREST DISTRIBUTION FACTORS STATEMENT
<TABLE>
<CAPTION>
                                                                               Payment of
                             Current         Beginning           Current         Unpaid           Current
            Original Face    Certificate     Certificate/         Accrued        Interest         Interest
Class (5)       Amount          Rate       Notional Balance       Interest       Shortfall        Shortfall
---------   ------------     ----------    ----------------       --------     -----------      -----------
<S>         <C>              <C>           <C>                   <C>            <C>             <C>
  1-A1        50,000,000.00    1.51813%       605.58031080       0.76612460     0.00000000      0.00000000
  1-A2        61,468,000.00    3.45500%      1000.00000000       2.87916672     0.00000000      0.00000000
   2A        463,097,000.00    1.68813%       975.29590883       1.37202191     0.00000000      0.00000000
   3A         49,973,000.00    3.90971%       958.16724411       3.12179257     0.00000000      0.00000000
   X-1                 0.00    2.53917%       823.07940880       1.74161786     0.00000000      0.00000000
  X-2A                 0.00    1.44202%       981.26578872       1.17917429     0.00000000      0.00000000
  X-2B                 0.00    1.75452%       971.20277901       1.41999775     0.00000000      0.00000000
   X-B                 0.00    1.66366%      1000.00000000       1.38637998     0.00000000      0.00000000
   A-R               100.00    5.37347%         0.00000000       0.00000000     0.00000000      0.00000000
   B-1         9,069,000.00    2.06313%      1000.00000000       1.71927445     0.00000000      0.00000000
   B-2         5,505,000.00    3.72679%      1000.00000000       3.10565486     0.00000000      0.00000000
   B-3         3,886,000.00    3.72679%      1000.00000000       3.10565620     0.00000000      0.00000000
   B-4         1,618,000.00    3.72679%      1000.00000000       3.10565513     0.00000000      0.00000000
   B-5           970,000.00    3.72679%      1000.00000000       3.10565979     0.00000000      0.00000000
   B-6         2,306,324.82    3.72679%      1000.00000000       3.10565534     0.00000000      0.00000000
</TABLE>

<TABLE>
<CAPTION>
                                                                  Remaining
              Non-Supported                                        Unpaid
               Interest          Realized      Total Interest       Interest    Ending Certificate/
Class (5)      Shortfall         Loss (6)       Distribution        Shortfall   Notational Balance
---------     -----------       ----------     --------------     -----------   ------------------
<S>           <C>               <C>            <C>                <C>           <C>
  1-A1        0.00000000        0.00000000        0.76612460      0.00000000         491.53272500
  1-A2        0.00000000        0.00000000        2.87916672      0.00000000        1000.00000000
   2A         0.00000000        0.00000000        1.37202191      0.00000000         966.98429150
   3A         0.00000000        0.00000000        3.12179257      0.00000000         957.19861085
   X-1        0.00000000        0.00000000        1.74163724      0.00000000         771.92231178
  X-2A        0.00000000        0.00000000        1.17918257      0.00000000         974.77640995
  X-2B        0.00000000        0.00000000        1.42000772      0.00000000         961.64177993
   X-B        0.00000000        0.00000000        1.38661815      0.00000000        1000.00000000
   A-R        0.00000000        0.00000000        0.00000000      0.00000000           0.00000000
   B-1        0.00000000        0.00000000        1.71927445      0.00000000        1000.00000000
   B-2        0.00000000        0.00000000        3.10565486      0.00000000        1000.00000000
   B-3        0.00000000        0.00000000        3.10565620      0.00000000        1000.00000000
   B-4        0.00000000        0.00000000        3.10565513      0.00000000        1000.00000000
   B-5        0.00000000        0.00000000        3.10565979      0.00000000        1000.00000000
   B-6        0.00000000        0.00000000        3.10565534      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.

                      CERTIFICATEHOLDER ACCOUNT STATEMENT

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

Deposits

         Payments of Interest and Principal                             11,676,707.85
         Liquidations, Insurance Proceeds, Reserve Funds                         8.62
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                       0.00
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                        -------------
Total Deposits                                                          11,676,716.47

Withdrawals

         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            191,271.39
         Payment of Interest and Principal                              11,485,445.08
                                                                        -------------
Total Withdrawals (Pool Distribution Amount)                            11,676,716.47

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


<PAGE>


                    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
<TABLE>
<S>                                                                    <C>
Gross Servicing Fee                                                    186,661.58
Master Servicing Fee                                                     4,609.81
Non-Supported Prepayment/Curtailment Interest Shortfall                      0.00
                                                                       ----------
Net Servicing Fee                                                      191,271.39
                                                                       ==========
</TABLE>


<TABLE>
<CAPTION>
                                                 Beginning          Current          Current       Ending
                Account Type                      Balance         Withdrawals       Deposits       Balance
     ---------------------------------           ---------        -----------       --------       -------
<S>                                             <C>                 <C>              <C>         <C>
     Class X-1 Basis Risk Reserve Fund           2,500.00            2.16             2.16        2,500.00
     Class X-2 Basis Risk Reserve Fund           5,000.00            4.31             4.31        5,000.00
     Class X-B Basis Risk Reserve Fund           2,500.00            2.16             2.16        2,500.00
</TABLE>


<PAGE>


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

<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          c       0.000000%       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%       30 Days     0.000000%    0.000000%
60 Days        0.000000%   0.000000%       60 Days     0.000000%   0.000000%       60 Days     0.000000%    0.000000%
90 Days        0.000000%   0.000000%       90 Days     0.000000%   0.000000%       90 Days     0.000000%    0.000000%
120 Days       0.000000%   0.000000%       120 Days    0.000000%   0.000000%       120 Days    0.000000%    0.000000%
150 Days       0.000000%   0.000000%       150 Days    0.000000%   0.000000%       150 Days    0.000000%    0.000000%
180+ Days      0.000000%   0.000000%       180+ Days   0.000000%   0.000000%       180+ Days   0.000000%    0.000000%
               --------    --------                    --------    --------                    --------     --------
               0.000000%   0.000000%                   0.000000%   0.000000%                   0.000000%    0.000000%

</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         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

<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     0.000000%   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%                   0.063492%   0.036119%
</TABLE>


Current Period Class A Insufficient Funds:           0.00

Principal Balance of Contaminated Properties         0.00

Periodic Advance                                     0.00

<PAGE>

<TABLE>
<CAPTION>
                    Original $       Original%            Current $          Current %          Current Class %       Prepayment %
                  --------------      -----------      --------------      ------------         ---------------      -------------
<S>               <C>                 <C>              <C>                 <C>                  <C>                  <C>
Class A           647,892,324.82      99.99998457%     605,040,571.69      100.00000000%        96.140040%               0.000000%
Class 1-A-1       597,892,324.82      92.28265402%     580,463,935.44       95.93801847%         4.061982%             105.233769%
Class 1-A-2       536,424,324.82      82.79527654%     518,995,935.44       85.77869976%        10.159319%             263.197504%
Class 2A           73,327,324.82      11.31782407%      71,188,411.00       11.76589048%        74.012809%           1,917.450099%
Class 3A           23,354,324.82       3.60466089%      23,354,324.82        3.85996013%         7.905930%             204.818964%
Class X-1          23,354,324.82       3.60466089%      23,354,324.82        3.85996013%         0.000000%               0.000000%
Class B-1          14,285,324.82       2.20489147%      14,285,324.82        2.36105238%         1.498908%              38.832208%
Class B-2           8,780,324.82       1.35521338%       8,780,324.82        1.45119604%         0.909856%              23.571651%
Class B-3           4,894,324.82       0.75542245%       4,894,324.82        0.80892506%         0.642271%              16.639316%
Class B-4           3,276,324.82       0.50568963%       3,276,324.82        0.54150498%         0.267420%               6.928053%
Class B-5           2,306,324.82       0.35597342%       2,306,324.82        0.38118515%         0.160320%               4.153406%
Class B-6                   0.00       0.00000000%               0.00        0.00000000%         0.381185%               9.875365%
</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       126,045.00        0.01945462%          126,045.00         0.02083249%
          Fraud    19,436,773.00        3.00000004%       19,436,773.00         3.21247432%
 Special Hazard    15,500,000.00        2.39237247%       15,500,000.00         2.56181167%
</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            0             0.00      30 Days         0             0.00      30 Days         0              0.00
60 Days            0             0.00      60 Days         0             0.00      60 Days         0              0.00
90 Days            0             0.00      90 Days         0             0.00      90 Days         0              0.00
120 Days           0             0.00      120 Days        0             0.00      120 Days        0              0.00
150 Days           0             0.00      150 Days        0             0.00      150 Days        0              0.00
180+ Days          0             0.00      180+ Days       0             0.00      180+ Days       0              0.00
                   -             ----                      -             ----                      -              ----
                   0             0.00                      0             0.00                      0              0.00

<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        0.000000%   0.000000%       30 Days     0.000000%   0.000000%       30 Days     0.000000%    0.000000%
60 Days        0.000000%   0.000000%       60 Days     0.000000%   0.000000%       60 Days     0.000000%    0.000000%
90 Days        0.000000%   0.000000%       90 Days     0.000000%   0.000000%       90 Days     0.000000%    0.000000%
120 Days       0.000000%   0.000000%       120 Days    0.000000%   0.000000%       120 Days    0.000000%    0.000000%
150 Days       0.000000%   0.000000%       150 Days    0.000000%   0.000000%       150 Days    0.000000%    0.000000%
180+ Days      0.000000%   0.000000%       180+ Days   0.000000%   0.000000%       180+ Days   0.000000%    0.000000%
               --------    --------                    --------    --------                    --------     --------
               0.000000%   0.000000%                   0.000000%   0.000000%                   0.000000%    0.000000%
</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         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

<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     0.000000%   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%

</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             0.00                      0              0.00
30 Days            0             0.00    30 Days         0             0.00      30 Days         0              0.00
60 Days            0             0.00    60 Days         0             0.00      60 Days         0              0.00
90 Days            0             0.00    90 Days         0             0.00      90 Days         0              0.00
120 Days           0             0.00    120 Days        0             0.00      120 Days        0              0.00
150 Days           0             0.00    150 Days        0             0.00      150 Days        0              0.00
180+ Days          0             0.00    180+ Days       0             0.00      180+ Days       0              0.00
                   -             ----                    -             ----                      -              ----
                   0             0.00                    0             0.00                      0              0.00

<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        0.000000%   0.000000%     30 Days     0.000000%   0.000000%       30 Days     0.000000%    0.000000%
60 Days        0.000000%   0.000000%     60 Days     0.000000%   0.000000%       60 Days     0.000000%    0.000000%
90 Days        0.000000%   0.000000%     90 Days     0.000000%   0.000000%       90 Days     0.000000%    0.000000%
120 Days       0.000000%   0.000000%     120 Days    0.000000%   0.000000%       120 Days    0.000000%    0.000000%
150 Days       0.000000%   0.000000%     150 Days    0.000000%   0.000000%       150 Days    0.000000%    0.000000%
180+ Days      0.000000%   0.000000%     180+ Days   0.000000%   0.000000%       180+ Days   0.000000%    0.000000%
               --------    --------                  --------    --------                    --------     --------
               0.000000%   0.000000%                 0.000000%   0.000000%                   0.000000%    0.000000%
</TABLE>
<TABLE>
<CAPTION>
                 REO                                      TOTAL
---------------------------------------------------------------------------
                No. of    Principal                       No. of    Principal
                Loans      Balance                        Loans      Balance
<S>            <C>       <C>             <C>              <C>       <C>
                  0             0.00                        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

<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       0.000000%   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%
</TABLE>



<PAGE>


                                     Group 3
<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             0.00                      0              0.00
30 Days            0             0.00      30 Days         0             0.00      30 Days         0              0.00
60 Days            0             0.00      60 Days         0             0.00      60 Days         0              0.00
90 Days            0             0.00      90 Days         0             0.00      90 Days         0              0.00
120 Days           0             0.00      120 Days        0             0.00      120 Days        0              0.00
150 Days           0             0.00      150 Days        0             0.00      150 Days        0              0.00
180+ Days          0             0.00      180+ Days       0             0.00      180+ Days       0              0.00
                   -             ----                      -             ----                      -              ----
                   0             0.00                      0             0.00                      0              0.00

<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        0.000000%   0.000000%       30 Days     0.000000%   0.000000%       30 Days     0.000000%    0.000000%
60 Days        0.000000%   0.000000%       60 Days     0.000000%   0.000000%       60 Days     0.000000%    0.000000%
90 Days        0.000000%   0.000000%       90 Days     0.000000%   0.000000%       90 Days     0.000000%    0.000000%
120 Days       0.000000%   0.000000%       120 Days    0.000000%   0.000000%       120 Days    0.000000%    0.000000%
150 Days       0.000000%   0.000000%       150 Days    0.000000%   0.000000%       150 Days    0.000000%    0.000000%
180+ Days      0.000000%   0.000000%       180+ Days   0.000000%   0.000000%       180+ Days   0.000000%    0.000000%
               --------    --------                    --------    --------                    --------     --------
               0.000000%   0.000000%                   0.000000%   0.000000%                   0.000000%    0.000000%
</TABLE>
<TABLE>
<CAPTION>
               REO                                    TOTAL
-----------------------------------------------------------------------
              No. of    Principal                     No. of    Principal
              Loans      Balance                      Loans      Balance
<S>            <C>       <C>           <C>           <C>       <C>
                0             0.00                      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

<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     0.000000%   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%
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT
<TABLE>
<CAPTION>
Collateral Description                                                                                   Mixed Arm
<S>                                                                                                 <C>
Weighted Average Gross Coupon                                                                            4.054737%
Weighted Average Net Coupon                                                                              3.690307%
Weighted Average Pass-Through Rate                                                                       3.681307%
Weighted Average Maturity (Stepdown Calculation)                                                               327

Beginning Scheduled Collateral Loan Count                                                                    1,575
Number of Loans Paid in Full                                                                                    18
Ending Scheduled Collateral Loan Count                                                                       1,557

Beginning Scheduled Collateral Balance                                                              614,640,441.54
Ending Scheduled Collateral Balance                                                                 605,040,571.69
Ending Actual Collateral Balance at 29-Nov-2002                                                     605,040,995.35

Monthly P&I Constant                                                                                  2,078,215.31
Special Servicing Fee                                                                                         0.00
Prepayment Penalties                                                                                          0.00
Realization Loss Amount                                                                                       0.00
Cumulative Realized Loss                                                                                      0.00

Class A Optimal Amount                                                                               11,412,905.97

Ending Scheduled Balance for Premium Loans                                                          605,040,571.69

Scheduled Principal                                                                                       1,377.33
Unscheduled Principal                                                                                 9,598,492.52
</TABLE>


                            MISCELLANEOUS REPORTING
<TABLE>
<S>                                                              <C>
One Month Libor Loan Balance                                     190,704,553.79
Six Month Libor Loan Balance                                     413,975,109.00
Pro Rata Senior Percent                                              96.200327%
Senior Percentage                                                   100.000000%
Senior Prepay Percentage                                            100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                 GROUP                           1                   2                     3                   TOTAL

Collateral Description                          Mixed ARM          Mixed ARM              Mixed ARM            Mixed ARM
<S>                                         <C>                <C>                     <C>                 <C>
Weighted Average Coupon Rate                     5.613954           3.710478               4.293705             4.054737
Weighted Average Net Rate                        5.363954           3.323766               3.918705             3.690307
Pass-Through Rate                                5.354954           3.314766               3.909705             3.681307
Weighted Average Maturity                             351                318                    355                  327
Record Date                                    11/29/2002         11/29/2002             11/29/2002           11/29/2002
Principal and Interest Constant                449,915.05       1,450,185.06             178,115.20         2.078,215.31
Beginning Loan Count                                  187              1,240                    148                1,575
Loans Paid in Full                                      9                  9                      0                   18
Ending Loan Count                                     178              1,231                    148                1,557
Beginning Scheduled Balance                 95,910,298.43     468,950,697.23          49,779,445.88       614,640,441.54
Ending Scheduled Balance                    90,207,919.14     465,101,612.18          49,731,040.37       605,040,571.69
Scheduled Principal                              1,218.41             158.92                   0.00             1,377.33
Unscheduled Principal                        5,701,160.88       3,848,926.13              48,405.51         9,598,492.52
Scheduled Interest                             448,696.64       1,450,026.14             178,115.20         2,076,837.98
Servicing Fee                                   19,981.31         151,124.19              15,556.08           186,661.58
Master Servicing Fee                               719.33           3,517.13                 373.35             4,609.81
Trustee Fee                                          0.00               0.00                   0.00                 0.00
FRY Amount                                           0.00               0.00                   0.00                 0.00
Special Hazard Fee                                   0.00               0.00                   0.00                 0.00
Other Fee                                            0.00               0.00                   0.00                 0.00
Pool Insurance Fee                                   0.00               0.00                   0.00                 0.00
Spread 1                                             0.00               0.00                   0.00                 0.00
Spread 2                                             0.00               0.00                   0.00                 0.00
Spread 3                                             0.00               0.00                   0.00                 0.00
Net Interest                                   427,996.00       1,295,384.82             162,185.77         1,885,566.59
Realized Loss Amount                                 0.00               0.00                   0.00                 0.00
Cumulative Realized Loss                             0.00               0.00                   0.00                 0.00
Percentage of Cumulative Losses                      0.00               0.00                   0.00                 0.00
Prepayment Penalties                                 0.00               0.00                   0.00                 0.00
Special Servicing Fee                                0.00               0.00                   0.00                 0.00
</TABLE>