<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: SEPTEMBER 30, 2002
                       DISTRIBUTION DATE: OCTOBER 21, 2002

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                      Certificate   Certificate      Beginning
                         Class      Pass-Through    Certificate       Interest
 Class      CUSIP     Description       Rate          Balance       Distribution
<S>      <C>          <C>           <C>            <C>              <C>

 1-A1     81743RAA0       SEN           1.95000%    42,495,891.70      71,357.68
 1-A2     81743RAB8       SEN           3.45500%    61,468,000.00     176,976.62
  2A      81743RAC6       SEN           2.12000%   459,899,221.31     812,488.62
  3A      81743RAD4       SEN           3.90811%    49,881,899.05     162,453.33
  X-1     81743RAE2        IO           2.49730%             0.00     216,360.28
 X-2A    81743RAFf9        IO           1.09422%             0.00     170,703.25
 X-2B     81743AFG7        IO           1.42592%             0.00     324,039.90
  X-B     81743RAH5        IO           1.30441%             0.00       9,860.70
  A-R     81743RAJ1       SEN           5.36369%             0.00           0.00
  B-1     81743RAK8       SUB           2.49500%     9,069,000.00      18,855.96
  B-2     81743RAL6       SUB           3.79941%     5,505,000.00      17,429.77
  B-3     81743RAM4       SUB           3.79941%     3,886,000.00      12,303.74
  B-4     SMT0208B4       SUB           3.79941%     1,618,000.00       5,122.86
  B-5     SMT0208B5       SUB           3.79941%       970,000.00       3,071.19
  B-6     SMT0208B6       SUB           3.79941%     2,306,324.82       7,302.22
--------------------------------------------------------------------------------
Totals                                             637,099,336.88   2,008,326.12
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                        Current        Ending                      Cumulative
           Principal    Realized     Certificate       Total        Realized
 Class   Distribution     Loss         Balance      Distribution      Loss
<S>      <C>            <C>        <C>              <C>            <C>

 1-A1    4,712,381.44       0.00    37,783,510.26   4,783,739.12        0.00
 1-A2            0.00       0.00    61,468,000.00     176,976.62        0.00
  2A     2,262,839.08       0.00   457,636,382.23   3,075,327.70        0.00
  3A       137,320.90       0.00    49,744,578.15     299,774.23        0.00
  X-1            0.00       0.00             0.00     216,360.28        0.00
 X-2A            0.00       0.00             0.00     170,703.25        0.00
 X-2B            0.00       0.00             0.00     324,039.90        0.00
  X-B            0.00       0.00             0.00       9,860.70        0.00
  A-R            0.00       0.00             0.00           0.00        0.00
  B-1            0.00       0.00     9,069,000.00      18,855.96        0.00
  B-2            0.00       0.00     5,505,000.00      17,429.77        0.00
  B-3            0.00       0.00     3,886,000.00      12,303.74        0.00
  B-4            0.00       0.00     1,618,000.00       5,122.86        0.00
  B-5            0.00       0.00       970,000.00       3,071.19        0.00
  B-6            0.00       0.00     2,306,324.82       7,302.22        0.00
-----------------------------------------------------------------------------
Totals   7,112,541.42       0.00   629,986,795.46   9,120,867.54        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    42,495,891.70       5,898.31   4,706,483.13        0.00
 1-A2     61,468,000.00    61,468,000.00           0.00           0.00        0.00
  2A     463,097,000.00   459,899,221.31           6.25   2,262,832.83        0.00
  3A      49,973,000.00    49,881,899.05           0.00     137,320.90        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   637,099,336.88       5,904.56   7,106,636.86        0.00
----------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                       Total          Ending          Ending         Total
         Realized    Principal      Certificate     Certificate     Principal
 Class   Loss (1)    Reduction        Balance        Percentage   Distribution
------------------------------------------------------------------------------
<S>      <C>        <C>            <C>              <C>           <C>

 1-A1        0.00   4,712,381.44    37,783,510.26    0.75567021   4,712,381.44
 1-A2        0.00           0.00    61,468,000.00    1.00000000           0.00
  2A         0.00   2,262,839.08   457,636,382.23    0.98820848   2,262,839.08
  3A         0.00     137,320.90    49,744,578.15    0.99542909     137,320.90
  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   7,112,541.42   629,986,795.46    0.97236327   7,112,541.42
------------------------------------------------------------------------------
</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    849.91783400     0.11796620    94.12966260   0.00000000
 1-A2     61,468,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
  2A     463,097,000.00    993.09479722     0.00001350     4.88630423   0.00000000
  3A      49,973,000.00    998.17699658     0.00000000     2.74790187   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>
                         Total          Ending         Ending         Total
          Realized     Principal     Certificate    Certificate     Principal
 Class    Loss (3)     Reduction       Balance       Percentage   Distribution
------------------------------------------------------------------------------
<S>      <C>          <C>           <C>             <C>           <C>

 1-A1    0.00000000   94.24762880    755.67020520    0.75567021    94.24762880
 1-A2    0.00000000    0.00000000   1000.00000000    1.00000000     0.00000000
  2A     0.00000000    4.88631773    988.20847950    0.98820848     4.88631773
  3A     0.00000000    2.74790187    995.42909471    0.99542909     2.74790187
  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
         Original Face    Certificate      Notional         Accrued      Interest
 Class      Amount           Rate          Balance         Interest      Shortfall
----------------------------------------------------------------------------------
<S>      <C>              <C>           <C>              <C>            <C>

 1-A1     50,000,000.00      1.95000%    42,495,891.70      71,357.68         0.00
 1-A2     61,468,000.00      3.45500%    61,468,000.00     176,976.62         0.00
  2A     463,097,000.00      2.12000%   459,899,221.31     812,488.62         0.00
  3A      49,973,000.00      3.90811%    49,881,899.05     162,453.33         0.00
  X-1              0.00      2.49730%   103,963,891.70     216,357.62         0.00
 X-2A              0.00      1.09422%   187,203,063.20     170,701.41         0.00
 X-2B              0.00      1.42592%   272,696,158.11     324,036.41         0.00
  X-B              0.00      1.30441%     9,069,000.00       9,858.04         0.00
  A-R            100.00      5.36369%             0.00           0.00         0.00
  B-1      9,069,000.00      2.49500%     9,069,000.00      18,855.96         0.00
  B-2      5,505,000.00      3.79941%     5,505,000.00      17,429.77         0.00
  B-3      3,886,000.00      3.79941%     3,886,000.00      12,303.74         0.00
  B-4      1,618,000.00      3.79941%     1,618,000.00       5,122.86         0.00
  B-5        970,000.00      3.79941%       970,000.00       3,071.19         0.00
  B-6      2,306,324.82      3.79941%     2,306,324.82       7,302.22         0.00
----------------------------------------------------------------------------------
Totals   647,892,424.82                                  2,008,315.47         0.00
----------------------------------------------------------------------------------
</TABLE>

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

 1-A1         0.00        0.00       0.00        71,357.68        0.00    37,783,510.26
 1-A2         0.00        0.00       0.00       176,976.62        0.00    61,468,000.00
  2A          0.00        0.00       0.00       812,488.62        0.00   457,636,382.23
  3A          0.00        0.00       0.00       162,453.33        0.00    49,744,578.15
  X-1         0.00        0.00       0.00       216,360.28        0.00    99,251,510.26
 X-2A         0.00        0.00       0.00       170,703.25        0.00   186,458,723.72
 X-2B         0.00        0.00       0.00       324,039.90        0.00   271,177,658.51
  X-B         0.00        0.00       0.00         9,860.70        0.00     9,069,000.00
  A-R         0.00        0.00       0.00             0.00        0.00             0.00
  B-1         0.00        0.00       0.00        18,855.96        0.00     9,069,000.00
  B-2         0.00        0.00       0.00        17,429.77        0.00     5,505,000.00
  B-3         0.00        0.00       0.00        12,303.74        0.00     3,886,000.00
  B-4         0.00        0.00       0.00         5,122.86        0.00     1,618,000.00
  B-5         0.00        0.00       0.00         3,071.19        0.00       970,000.00
  B-6         0.00        0.00       0.00         7,302.22        0.00     2,306,324.82
---------------------------------------------------------------------------------------
Totals        0.00        0.00       0.00     2,008,326.12        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>
                                         Beginning                  Payment of
                           Current      Certificate/    Current       Unpaid
Class    Original Face   Certificate     Notional       Accrued      Interest
 (5)        Amount          Rate          Balance       Interest     Shortfall
------------------------------------------------------------------------------
<S>     <C>              <C>           <C>             <C>          <C>

 1-A1    50,000,000.00     1.95000%     849.91783400   1.42715360   0.00000000
 1-A2    61,468,000.00     3.45500%    1000.00000000   2.87916672   0.00000000
  2A    463,097,000.00     2.12000%     993.09479722   1.75446747   0.00000000
  3A     49,973,000.00     3.90811%     998.17699658   3.25082204   0.00000000
  X-1             0.00     2.49730%     932.67925952   1.94098414   0.00000000
 X-2A             0.00     1.09422%     993.83286876   0.90622808   0.00000000
 X-2B             0.00     1.42592%     992.58875310   1.17946251   0.00000000
  X-B             0.00     1.30441%    1000.00000000   1.08700408   0.00000000
  A-R           100.00     5.36369%       0.00000000   0.00000000   0.00000000
  B-1     9,069,000.00     2.49500%    1000.00000000   2.07916639   0.00000000
  B-2     5,505,000.00     3.79941%    1000.00000000   3.16617075   0.00000000
  B-3     3,886,000.00     3.79941%    1000.00000000   3.16617087   0.00000000
  B-4     1,618,000.00     3.79941%    1000.00000000   3.16616811   0.00000000
  B-5       970,000.00     3.79941%    1000.00000000   3.16617526   0.00000000
  B-6     2,306,324.82     3.79941%    1000.00000000   3.16617154   0.00000000
</TABLE>

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

 1-A1   0.00000000   0.00000000   0.00000000     1.42715360   0.00000000    755.67020520
 1-A2   0.00000000   0.00000000   0.00000000     2.87916672   0.00000000   1000.00000000
  2A    0.00000000   0.00000000   0.00000000     1.75446747   0.00000000    988.20847950
  3A    0.00000000   0.00000000   0.00000000     3.25082204   0.00000000    995.42909471
  X-1   0.00000000   0.00000000   0.00000000     1.94100800   0.00000000    890.40361593
 X-2A   0.00000000   0.00000000   0.00000000     0.90623785   0.00000000    989.88128257
 X-2B   0.00000000   0.00000000   0.00000000     1.17947522   0.00000000    987.06155523
  X-B   0.00000000   0.00000000   0.00000000     1.08729739   0.00000000   1000.00000000
  A-R   0.00000000   0.00000000   0.00000000     0.00000000   0.00000000      0.00000000
  B-1   0.00000000   0.00000000   0.00000000     2.07916639   0.00000000   1000.00000000
  B-2   0.00000000   0.00000000   0.00000000     3.16617075   0.00000000   1000.00000000
  B-3   0.00000000   0.00000000   0.00000000     3.16617087   0.00000000   1000.00000000
  B-4   0.00000000   0.00000000   0.00000000     3.16616811   0.00000000   1000.00000000
  B-5   0.00000000   0.00000000   0.00000000     3.16617526   0.00000000   1000.00000000
  B-6   0.00000000   0.00000000   0.00000000     3.16617154   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                         9,318,042.55
         Liquidations, Insurance Proceeds, Reserve Funds                   10.65
         Proceeds from Repurchased Loans                                    0.00
         Other Amounts (Servicer Advances)                                  0.00
         Realized Losses                                                    0.00
         Prepayment Penalties                                               0.00
                                                                  --------------
Total Deposits                                                      9,318,053.20

Withdrawals

         Reimbursement for Servicer Advances                                0.00
         Payment of Service Fee                                       197,185.65
         Payment of Interest and Principal                          9,120,867.55
                                                                  --------------
Total Withdrawals (Pool Distribution Amount)                        9,318,053.20

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                                                   192,407.40
Master Servicing Fee                                                    4,778.25
Non-Supported Prepayment/Curtailment Interest Shortfall                     0.00
                                                                  --------------

Net Servicing Fee                                                     197,185.65
                                                                  ==============
</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        2.66          2.66      2,500.00
Class X-2 Basis Risk Reserve Fund     5,000.00        5.33          5.33      5,000.00
Class X-B Basis Risk Reserve Fund     2,500.00        2.66          2.66      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   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>


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%   629,986,795.46   100.00000000%      96.292887%         0.000000%
Class 1-A-1    597,892,324.82   92.28265402%   592,203,285.20    94.00249171%       5.997508%       161.783783%
Class 1-A-2    536,424,324.82   82.79527654%   530,735,285.20    84.24546181%       9.757030%       263.197504%
Class 2A        73,327,324.82   11.31782407%    73,098,902.97    11.60324367%      72.642218%     1,959.535914%
Class 3A        23,354,324.82    3.60466089%    23,354,324.82     3.70711339%       7.896130%       212.999427%
Class X-1       23,354,324.82    3.60466089%    23,354,324.82     3.70711339%       0.000000%         0.000000%
Class B-1       14,285,324.82    2.20489147%    14,285,324.82     2.26755940%       1.439554%        38.832208%
Class B-2        8,780,324.82    1.35521338%     8,780,324.82     1.39373156%       0.873828%        23.571651%
Class B-3        4,894,324.82    0.75542245%     4,894,324.82     0.77689324%       0.616838%        16.639316%
Class B-4        3,276,324.82    0.50568963%     3,276,324.82     0.52006246%       0.256831%         6.928053%
Class B-5        2,306,324.82    0.35597342%     2,306,324.82     0.36609098%       0.153971%         4.153406%
Class B-6                0.00    0.00000000%             0.00     0.00000000%       0.366091%         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    0.02000756%
         Fraud    19,436,773.00    3.00000004%    19,436,773.00    3.08526673%
Special Hazard    15,500,000.00    2.39237247%    15,500,000.00    2.46036903%
</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                                           4.154142%
Weighted Average Net Coupon                                             3.791736%
Weighted Average Pass-Through Rate                                      3.782736%
Weighted Average Maturity (Stepdown Calculation)                             329

Beginning Scheduled Collateral Loan Count                                  1,614
Number of Loans Paid in Full                                                  15
Ending Scheduled Collateral Loan Count                                     1,599

Beginning Scheduled Collateral Balance                            637,099,336.88
Ending Scheduled Collateral Balance                               629,986,795.46
Ending Actual Collateral Balance at 30-Sep-2002                   629,987,942.18

Monthly P&I Constant                                                2,211,405.68
Special Servicing Fee                                                       0.00
Prepayment Penalties                                                        0.00
Realization Loss Amount                                                     0.00
Cumulative Realized Loss                                                    0.00

Class A Optimal Amount                                              9,046,913.12

Ending Scheduled Balance for Premium Loans                        629,986,795.46

Scheduled Principal                                                     5,904.56
Unscheduled Principal                                               7,106,636.86
</TABLE>



                            MISCELLANEOUS REPORTING

<TABLE>
<S>                                                               <C>
One Month Libor Loan Balance                                      435,375,274.84
Six Month Libor Loan Balance                                      193,505,002.50
Pro Rata Senior Percent                                                96,334273%
Senior Percentage                                                     100.000000%
Senior Prepay Percentage                                              100.000000%
Subordinate Percentage                                                  0.000000%
Subordinate Prepayment Percentage                                       0.000000%
</TABLE>