<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 2002-9
                         RECORD DATE: SEPTEMBER 31, 2002
                      DISTRIBUTION DATE: NOVEMBER 20, 2002

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                      Certificate                          Beginning
                         Class          Certificate       Certificate        Interest       Principal      Current Realized
   Class     CUSIP    Description    Pass-Through Rate      Balance        Distribution    Distribution         Loss
   -----     -----    -----------    -----------------      -------        ------------    ------------         ----


<S>        <C>        <C>            <C>                  <C>              <C>             <C>             <C>
     1A    81743SAA8      SEN           2.18000%          379,476,352.81      689,382.04   1,635,630.67           0.00
     2A    81743SAB6      SEN           3.61749%          164,626,527.44      496,278.66   1,694,517.49           0.00
    X-1A   81743SAC4      IO            1.02904%                    0.00      174,421.63           0.00           0.00
    X-1B   81743SAD2      IO            1.17180%                    0.00      171,944.39           0.00           0.00
    X-B    81743SAE0      IO            0.80024%                    0.00        5,141.84           0.00           0.00
    A-R    81743SAF7      SEN           3.31474%                    0.00            0.00           0.00           0.00
    B-1    81743SAG5      SUB           2.58000%            7,702,000.00       16,559.30           0.00           0.00
    B-2    81743SAH3      SUB           3.38024%            4,564,000.00       12,856.19           0.00           0.00
    B-3    81743SAJ9      SUB           3.38024%            3,424,000.00        9,644.96           0.00           0.00
    B-4    SMT0209B4      SUB           3.38024%            1,426,000.00        4,016.85           0.00           0.00
    B-5    SMR0209B5      SUB           3.38024%              856,000.00        2,411.24           0.00           0.00
    B-6    SMT0209B6      SUB           3.38024%            1,997,086.78        5,625.53           0.00           0.00
                                                          --------------    ------------   ------------           ----
Totals                                                    564,071,967.03    1,588,282.63   3,330,148.16           0.00
</TABLE>

<TABLE>
<CAPTION>
              Ending
             Certificate              Total        Cumulative
   Class       Balance             Distribution    Realized Loss
   -----       -------             ------------    -------------


<S>         <C>                    <C>             <C>
     1A     377,840,722.14         2,325,012.71        0.00
     2A     162,932,009.95         2,190,796.15        0.00
    X-1A              0.00           174,421.63        0.00
    X-1B              0.00           171,944.39        0.00
    X-B               0.00             5,141.84        0.00
    A-R               0.00                 0.00        0.00
    B-1       7,702,000.00            16,559.30        0.00
    B-2       4,564,000.00            12,856.19        0.00
    B-3       3,424,000.00             9,644.96        0.00
    B-4       1,426,000.00             4,016.85        0.00
    B-5         856,000.00             2,411.24        0.00
    B-6       1,997,086.78             5,625.53        0.00
            --------------         ------------        ----
Totals      560,741,818.87         4,918,430.79        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     381,698,000.00      379,476,352.81             1.06         1,635,629.61          0.00             0.00
     2A     168,875,000.00      164,626,527.44           147.07         1,694,370.42          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-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       7,702,000.00        7,702,000.00             0.00                 0.00          0.00             0.00
    B-2       4,564,000.00        4,564,000.00             0.00                 0.00          0.00             0.00
    B-3       3,424,000.00        3,424,000.00             0.00                 0.00          0.00             0.00
    B-4       1,426,000.00        1,426,000.00             0.00                 0.00          0.00             0.00
    B-5         856,000.00          856,000.00             0.00                 0.00          0.00             0.00
    B-6       1,997,086.78        1,997,086.78             0.00                 0.00          0.00             0.00
            --------------      --------------           ------         ------------          ----             ----
Totals      570,533,186.78      564,071,967.03           148.13         3,330,000.03          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              1,635,630.67        377,840,722.14             0.98991777           1,635,630.67
     2A              1,694,517.49        162,932,009.95             0.96480835           1,694,517.49
    X-1A                     0.00                  0.00             0.00000000                   0.00
    X-1B                     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          7,702,000.00             1.00000000                   0.00
    B-2                      0.00          4,564,000.00             1.00000000                   0.00
    B-3                      0.00          3,424,000.00             1.00000000                   0.00
    B-4                      0.00          1,426,000.00             1.00000000                   0.00
    B-5                      0.00            856,000.00             1.00000000                   0.00
    B-6                      0.00          1,997,086.78             1.00000000                   0.00
                     ------------        --------------             ----------           ------------
Totals               3,330,148.16        560,741,818.87             0.98283821           3,330,148.16
</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        381,698,000.00        994.20301033       0.00000000           4.28524168     0.00000000        0.00000000
     2A        168,875,000.00        974.84250150       0.00000000          10.03328154     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-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          7,702,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
    B-2          4,564,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
    B-3          3,424,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
    B-4          1,426,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
    B-5            856,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
    B-6          1,997,086.78       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
</TABLE>

<TABLE>
<CAPTION>

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

<S>                 <C>                 <C>                   <C>                      <C>
     1A                4.28524445          989.91776588             0.98991777             4.28524445
     2A               10.03415242          964.80834907             0.96480835            10.03415242
    X-1A               0.00000000            0.00000000             0.00000000             0.00000000
    X-1B               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>
                                                                                                   Payment of
                                                            Beginning                                Unpaid          Current
                                            Current        Certificate/      Current Accrued        Interest        Interest
   Class        Original Face Amount   Certificate Rate   Notional Balance       Interest          Shortfall        Shortfall
   -----        --------------------   ----------------   ----------------       --------          ---------        ---------
<S>             <C>                    <C>                <C>                <C>                   <C>              <C>
    1A             381,698,000.00            2.18000%      379,476,352.81        689,382.04            0.00             0.00
    2A             168,875,000.00            3.61749%      164,626,527.44        496,278.66            0.00             0.00
   X-1A                      0.00            1.02904%      203,396,159.35        174,418.81            0.00             0.00
   X-1B                      0.00            1.17180%      176,080,193.46        171.941.60            0.00             0.00
    X-B                      0.00            0.80024%        7,702,000.00          5,136.22            0.00             0.00
    A-R                    100.00            3.31474%                0.00              0.00            0.00             0.00
    B-1              7,702,000.00            2.58000%        7,702,000.00         16,559.30            0.00             0.00
    B-2              4,564,000.00            3.38024%        4,564,000.00         12,856.19            0.00             0.00
    B-3              3,424,000.00            3.38024%        3,424,000.00          9,644.96            0.00             0.00
    B-4              1,426,000.00            3.38024%        1,426,000.00          4,016.85            0.00             0.00
    B-5                856,000.00            3.38024%          856,000.00          2,411.24            0.00             0.00
    B-6              1,997,086.78            3.38024%        1,997,086.78          5,625.53            0.00             0.00
                   --------------            -------         ------------      ------------            ----             ----
  Totals           570,533,186.78                                              1,588,271.40            0.00             0.00
</TABLE>

<TABLE>
<CAPTION>
                                                                    Remaining
               Non-Supported                                         Unpaid
                  Interest       Realized      Total Interest       Interest      Ending Certificate/
   Class         Shortfall       Loss (4)       Distribution        Shortfall      Notational Balance
   -----         ---------       --------       ------------        ---------      ------------------
<S>            <C>               <C>          <C>                   <C>           <C>
    1A               0.00           0.00         689,382.04             0.00        377,840,722.14
    2A               0.00           0.00         496,278.66             0.00        162,932,009.95
   X-1A              0.00           0.00         174,421.63             0.00        202,100,760.47
   X-1B              0.00           0.00         171,944.39             0.00        175,739,961.67
    X-B              0.00           0.00           5,141.84             0.00          7,702,000.00
    A-R              0.00           0.00               0.00             0.00                  0.00
    B-1              0.00           0.00          16,559.30             0.00          7,702,000.00
    B-2              0.00           0.00          12,856.19             0.00          4,564,000.00
    B-3              0.00           0.00           9,644.96             0.00          3,424,000.00
    B-4              0.00           0.00           4,016.85             0.00          1,426,000.00
    B-5              0.00           0.00           2,411.24             0.00            856,000.00
    B-6              0.00           0.00           5,625.53             0.00          1,997,086.78
                     ----           ----       ------------             ----          ------------
  Totals             0.00           0.00       1,588,282.63             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
                                                            Beginning                                Unpaid          Current
                                            Current        Certificate/      Current Accrued        Interest        Interest
Class (5)       Original Face Amount   Certificate Rate   Notional Balance       Interest          Shortfall        Shortfall
--------        --------------------   ----------------   ----------------       --------          ---------        ---------
<S>             <C>                    <C>                <C>                <C>                   <C>              <C>
    1A            381,698,000.00           2.18000%          994.20301033       1.80613547          0.00000000     0.00000000
    2A            168,875,000.00           3.61749%          974.84250150       2.93873374          0.00000000     0.00000000
   X-1A                     0.00           1.02904%          998.18276704       0.85597413          0.00000000     0.00000000
   X-1B                     0.00           1.17180%          989.64517941       0.96638453          0.00000000     0.00000000
    X-B                     0.00           0.80024%         1000.00000000       0.66686835          0.00000000     0.00000000
    A-R                   100.00           3.31474%            0.00000000       0.00000000          0.00000000     0.00000000
    B-1             7,702,000.00           2.58000%         1000.00000000       2.15000000          0.00000000     0.00000000
    B-2             4,564,000.00           3.38024%         1000.00000000       2.81686897          0.00000000     0.00000000
    B-3             3,424,000.00           3.38024%         1000.00000000       2.81686916          0.00000000     0.00000000
    B-4             1,426,000.00           3.38024%         1000.00000000       2.81686536          0.00000000     0.00000000
    B-5               856,000.00           3.38024%         1000.00000000       2.81686916          0.00000000     0.00000000
    B-6             1,997,086.78           3.38024%         1000.00000000       2.81686808          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>
    1A          0.00000000     0.00000000        1.80613547     0.00000000            989.91776588
    2A          0.00000000     0.00000000        2.93873374     0.00000000            964.80834907
   X-1A         0.00000000     0.00000000        0.85598797     0.00000000            991.82549440
   X-1B         0.00000000     0.00000000        0.96640021     0.00000000            987.73293281
    X-B         0.00000000     0.00000000        0.66759803     0.00000000           1000.00000000
    A-R         0.00000000     0.00000000        0.00000000     0.00000000              0.00000000
    B-1         0.00000000     0.00000000        2.15000000     0.00000000           1000.00000000
    B-2         0.00000000     0.00000000        2.81686897     0.00000000           1000.00000000
    B-3         0.00000000     0.00000000        2.81686916     0.00000000           1000.00000000
    B-4         0.00000000     0.00000000        2.81686536     0.00000000           1000.00000000
    B-5         0.00000000     0.00000000        2.81686916     0.00000000           1000.00000000
    B-6         0.00000000     0.00000000        2.81686808     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                       5,092,088.10
           Liquidations, Insurance Proceeds, Reserve Funds                 11.24
           Proceeds from Repurchased Loans                                  0.00
           Other Amounts (Servicer Advances)                            7,053.24
           Realized Losses                                                  0.00
           Prepayment Penalties                                             0.00
                                                                    ------------
Total Deposits                                                      5,099,152.58

Withdrawals
           Reimbursement for Servicer Advances                              0.00
           Payment of Service Fee                                     180,721.79
           Payment of Interest and Principal                        4,918,430.79
                                                                    ------------
Total Withdrawals (Pool Distribution Amount)                        5,099,152.58

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

<TABLE>
<S>                                                                   <C>
Gross Servicing Fee                                                   176,491.26
Master Servicing Fee                                                    4,230.53
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                      ----------
Net Servicing Fee                                                     180,721.79
                                                                      ==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                                                                         Ending
                    Account Type            Beginning Balance  Current Withdrawals   Current Deposits    Balance
                    ------------            -----------------  -------------------   ----------------    -------

<S>                                         <C>                <C>                   <C>                 <C>
            X-1 Basis Risk Reserve Fund         5,000.00               5.62                5.62          5,000.00
            X-2 Basis Risk Reserve Fund         5,000.00               5.62                5.62          5,000.00
</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                  6   2,617,261.51     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
                        --   ------------                         --           ----                               --           ----
                         6   2,617,261.51                          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           0.399467%      0.466751%    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%
                  --------       --------                   --------       --------                         --------       --------
                  0.399467%      0.466751%                  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              6    2,617,261.51
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                          6    2,617,261.51

<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       0.399467%       0.466751%
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%                  0.399467%       0.466751%
</TABLE>

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

Principal Balance of Contaminated Properties                                0.00

Periodic Advance                                                        7,053.24
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 Original $            Original %         Current $          Current %        Current Class %     Prepayment %
                 ----------            ----------         ---------          ---------        ---------------     ------------

<S>            <C>                    <C>               <C>                <C>                <C>                <C>
 Class A       570,533.086.78         99.99998247%      560,741,818.87     100.00000000%         96.438809%          0.000000%
Class 1A       188,844,086.78         33.09957968%      182,901,096.73      32.61770222%         67.382298%      1,892.128199%
Class 2A        19,969,086.78          3.50007453%       19,969,086.78       3.56119093%         29.056511%        815.921187%
Class B-1       12,267,086.78          2.15010924%       12,267,086.78       2.18765328%          1.373538%         38.569616%
Class B-2        7,703,086.78          1.35015578%        7,703,086.78       1.37373146%          0.813922%         22.855327%
Class B-3        4,279,086.78          0.75001540%        4,279,086.78       0.76311176%          0.610620%         17.146503%
Class B-4        2,853,086.78          0.50007376%        2,853,086.78       0.50880578%          0.254306%          7.141038%
Class B-5        1,997,086.78          0.35003867%        1,997,086.78       0.35615085%          0.152655%          4.286626%
Class B-6                0.00          0.00000000%                0.00       0.00000000%          0.356151%          10.000892%
</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          100,000.00             0.01752746%              100,000.00            0.01783352%
          Fraud       17,115,996.00             3.00000007%           17,115,996.00            3.05238443%
 Special Hazard        6,000,000.00             1.05164785%            5,999,500.00            1.06992199%
</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                  3   1,084,391.56     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   1,084,391.56                          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           0.294695%      0.276853%    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%
                  --------       --------                   --------       --------                    --------      --------
                  0.294695%      0.276853%                  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   1,084,391.56
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   1,084,391.56
<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        0.294695%      0.276853%
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%                       0.294695%      0.276853%
</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    1,532,869.95      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    1,532,869.95                            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         0.619835%       0.906726%     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%
                --------        --------                     --------       --------                    --------      --------
                0.619835%       0.906726%                    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   1,532,869.95
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   1,532,869.95
<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        0.619835%      0.906726%
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%                   0.619835%      0.906726%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                                 Mixed Arm

<S>                                                              <C>
Weighted Average Gross Coupon                                          3.763335%
Weighted Average Net Coupon                                            3.387870%
Weighted Average Pass-Through Rate                                     3.378870%
Weighted Average Maturity (Stepdown Calculation)                            330

Beginning Scheduled Collateral Loan Count                                 1,509
Number of Loans Paid in Full                                                  7
Ending Scheduled Collateral Loan Count                                    1,502

Beginning Scheduled Collateral Balance                           564,071,967.04
Ending Scheduled Collateral Balance                              560,741,818.88
Ending Actual Collateral Balance at 30-Sept-2002                 560,740,254.12

Monthly P&I Constant                                               1,769,141.32
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                             4,862,169.27

Ending Scheduled Balance for Premium Loans                       560,741,818.88

Scheduled Principal                                                      148.13
Unscheduled Principal                                              3,330,000.03
</TABLE>




                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                  <C>
Pro Rata Senior Percent                                               96.459834%
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                          TOTAL
<S>                                                 <C>                     <C>                          <C>
Collateral Description                                   Mixed ARM             6 Month ARM                    Mixed ARM
Weighted Average Coupon Rate                              3.659946                4.001487                     3.763335
Weighted Average Net Rate                                 3.284279                3.626487                     3.387870
Pass-Through Rate                                         3.275279                3.617487                     3.378870
Weighted Average Maturity                                      314                     356                          330
Record Date                                             10/31/2002              10/31/2002                   10/31/2002
Principal and Interest Constant                       1,199,610.84              569,530.48                 1,769,141.32
Beginning Loan Count                                         1,022                     487                        1,509
Loans Paid in Full                                               4                       3                            7
Ending Loan Count                                            1,018                     484                        1,502
Beginning Scheduled Balance                         393,320,439.60          170,751,527.44               564,071,967.04
Ending Scheduled Balance                            391,684,808.93          169,057,009.95               560,741,818.88
Scheduled Principal                                           1.06                  147.07                       148.13
Unscheduled Principal                                 1,635,629.61            1,694,370.42                 3,330,000.03
Scheduled Interest                                    1,199,609.78              569,383.41                 1,768,993.19
Servicing Fee                                           123,131.41               53,359.85                   176,491.26
Master Servicing Fee                                      2,949.89                1,280.64                     4,230.53
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                                          1,073,528.48              514,742.92                 1,588,271.40
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>




                             MISCELLANEOUS REPORTING

Group 1

<TABLE>
<S>                                                               <C>
One Month LIBOR Loans                                             209,505,733.79
Six Month LIBOR Loans                                             182,179,075.14
</TABLE>