<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: OCTOBER 31, 2002
                      DISTRIBUTION DATE: NOVEMBER 20, 2002
                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                              Certificate
                  Certificate    Pass-      Beginning                                Current     Ending                   Cumulative
                     Class      Through    Certificate     Interest     Principal   Realized   Certificate      Total      Realized
Class   CUSIP     Description     Rate       Balance     Distribution  Distribution    Loss       Balance    Distribution    Loss
-----   -----     -----------     ----       -------     ------------  ------------    ----       -------    ------------    ----
<S>    <C>        <C>         <C>         <C>            <C>          <C>           <C>      <C>            <C>            <C>
  1-A1  81743RAA0       SEN      1.96000%  37,783,510.26    61,713.07  7,504,494.72     0.00  30,279,015.54  7,566,207.79       0.00
  1-A2  81743RAB8       SEN      3.45500%  61,468,000.00   176,976.62          0.00     0.00  61,468,000.00    176,976.62       0.00
   2A   81743RAC6       SEN      2.13000% 457,636,382.23   812,304.58  5,979,772.74     0.00 451,656,609.49  6,792,077.32       0.00
   3A   81743RAD4       SEN      3.90818%  49,744,578.15   162,008.86  1,862,086.46     0.00  47,882,491.69  2,024,095.32       0.00
   X-1  81743RAE2        IO      2.47953%           0.00   205,083.64          0.00     0.00           0.00    205,083.64       0.00
  X-2A 81743RAFf9        IO      1.08391%           0.00   168,421.96          0.00     0.00           0.00    168,421.96       0.00
  X-2B  81743AFG7        IO      1.41114%           0.00   318,894.76          0.00     0.00           0.00    318,894.76       0.00
   X-B  81743RAH5        IO      1.29243%           0.00     9,770.32          0.00     0.00           0.00      9,770.32       0.00
   A-R  81743RAJ1       SEN      5.37470%           0.00         0.00          0.00     0.00           0.00          0.00       0.00
   B-1  81743RAK8       SUB      2.50500%   9,069,000.00    18,931.54          0.00     0.00   9,069,000.00     18,931.54       0.00
   B-2  81743RAL6       SUB      3.79743%   5,505,000.00    17,420.70          0.00     0.00   5,505,000.00     17,420.70       0.00
   B-3  81743RAM4       SUB      3.79743%   3,886,000.00    12,297.33          0.00     0.00   3,886,000.00     12,297.33       0.00
   B-4  SMT0208B4       SUB      3.79743%   1,618,000.00     5,120.20          0.00     0.00   1,618,000.00      5,120.20       0.00
   B-5  SMT0208B5       SUB      3.79743%     970,000.00     3,069.59          0.00     0.00     970,000.00      3,069.59       0.00
   B-6  SMT0208B6       SUB      3.79743%   2,306,324.82     7,298.42          0.00     0.00   2,306,324.82      7,298.42       0.00
                                          -------------- ------------ -------------     ---- -------------- -------------       ----
Totals                                    629,986,795.46 1,979,311.59 15,346,353.92     0.00 614,640,441.54 17,325,665.51       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>
                Original          Beginning       Scheduled      Unscheduled                                  Total
                  Face           Certificate      Principal       Principal                   Realized      Principal
 Class          Amount            Balance        Distribution    Distribution    Accretion    Loss (1)      Reduction
 -----          ------            -------        ------------    ------------    ---------    --------      ---------
<S>          <C>               <C>               <C>             <C>             <C>          <C>         <C>
  1-A1        50,000,000.00     37,783,520.26        1,209.58     7,503,285.14        0.00        0.00     7,504,494.72
  1-A2        61,468,000.00     61,468,000.00            0.00             0.00        0.00        0.00             0.00
   2A        463,097,000.00    457,636,382.23           25.36     5,979,747.38        0.00        0.00     5,979,772.74
   3A         49,973,000.00     49,744,578.15           43.76     1,862,042.70        0.00        0.00     1,862,086.46
   X-1                 0.00              0.00            0.00             0.00        0.00        0.00             0.00
  X-2A                 0.00              0.00            0.00             0.00        0.00        0.00             0.00
  X-2B                 0.00              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             0.00
   A-R               100.00              0.00            0.00             0.00        0.00        0.00             0.00
   B-1         9,069,000.00      9,069,000.00            0.00             0.00        0.00        0.00             0.00
   B-2         5,505,000.00      5,505,000.00            0.00             0.00        0.00        0.00             0.00
   B-3         3,886,000.00      3,886,000.00            0.00             0.00        0.00        0.00             0.00
   B-4         1,618,000.00      1,618,000.00            0.00             0.00        0.00        0.00             0.00
   B-5           970,000.00        970,000.00            0.00             0.00        0.00        0.00             0.00
   B-6         2,306,324.82      2,306,324.82            0.00             0.00        0.00        0.00             0.00
             --------------    --------------        --------    -------------        ----        ----    -------------
Totals       647,892,424.82    629,986,795.46        1,278.70    15,345,075.22        0.00        0.00    15,346,353.92
             ==============    ==============        ========    =============        ====        ====    =============
</TABLE>

<TABLE>
<CAPTION>
                Ending            Ending          Total
              Certificate       Certificate      Principal
 Class          Balance          Percentage     Distribution
 -----          -------          ----------     ------------
<S>          <C>                <C>            <C>
  1-A1        30,279,015.54      0.60558031     7,504,494.72
  1-A2        61,468,000.00      1.00000000             0.00
   2A        451,656,609.49      0.97529591     5,979,772.74
   3A         47,882,491.69      0.95816724     1,862,086.46
   X-1                 0.00      0.00000000             0.00
  X-2A                 0.00      0.00000000             0.00
  X-2B                 0.00      0.00000000             0.00
   X-B                 0.00      0.00000000             0.00
   A-R                 0.00      0.00000000             0.00
   B-1         9,069,000.00      1.00000000             0.00
   B-2         5,505,000.00      1.00000000             0.00
   B-3         3,886,000.00      1.00000000             0.00
   B-4         1,618,000.00      1.00000000             0.00
   B-5           970,000.00      1.00000000             0.00
   B-6         2,306,324.82      1.00000000             0.00
             --------------      ----------    -------------
Totals       614,640,441.54      0.94867669    15,346,353.92
             ==============      ==========    =============
</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                                     Total
          Original Face     Certificate     Principal      Principal                      Realized      Principal
Class        Amount           Balance      Distribution   Distribution     Accretion      Loss (3)      Reduction
-----        ------           -------      ------------   ------------     ---------      --------      ---------
<S>      <C>               <C>             <C>            <C>              <C>           <C>           <C>
1-A1      50,000,000.00     755.67020520    0.02419160     150.06570280    0.00000000    0.00000000    150.08989440
1-A2      61,468,000.00    1000.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
 2A      463,097,000.00     988.20847950    0.00005476      12.91251591    0.00000000    0.00000000     12.91257067
 3A       49,973,000.00     995.42909471    0.00087567      37.26097493    0.00000000    0.00000000     37.26185060
 X-1               0.00       0.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
X-2A               0.00       0.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
X-2B               0.00       0.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
 X-B               0.00       0.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
 A-R             100.00    1000.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
 B-1       9,069,000.00    1000.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
 B-2       5,505,000.00    1000.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
 B-3       3,886,000.00    1000.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
 B-4       1,618,000.00    1000.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
 B-5         970,000.00    1000.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
 B-6       2,306,324.82    1000.00000000    0.00000000       0.00000000    0.00000000    0.00000000      0.00000000
</TABLE>

<TABLE>
<CAPTION>
            Ending           Ending          Total
          Certificate      Certificate      Principal
Class       Balance         Percentage     Distribution
-----       -------         ----------     ------------
<S>      <C>                <C>            <C>
1-A1      605.58031080      0.60558031     150.08989440
1-A2     1000.00000000      1.00000000       0.00000000
 2A       975.29590883      0.97529591      12.91257067
 3A       958.16724411      0.95816724      37.26185060
 X-1        0.00000000      0.00000000       0.00000000
X-2A        0.00000000      0.00000000       0.00000000
X-2B        0.00000000      0.00000000       0.00000000
 X-B        0.00000000      0.00000000       0.00000000
 A-R        0.00000000      0.00000000       0.00000000
 B-1     1000.00000000      1.00000000       0.00000000
 B-2     1000.00000000      1.00000000       0.00000000
 B-3     1000.00000000      1.00000000       0.00000000
 B-4     1000.00000000      1.00000000       0.00000000
 B-5     1000.00000000      1.00000000       0.00000000
 B-6     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                   Non-
                               Current       Certificate/       Current       Unpaid      Current      Supported
            Original Face    Certificate       Notional         Accrued      Interest     Interest     Interest     Realized
 Class         Amount           Rate            Balance         Interest     Shortfall    Shortfall    Shortfall    Loss (4)
 -----         ------           ----            -------         --------     ---------    ---------    ---------    --------
<S>        <C>               <C>            <C>              <C>            <C>           <C>          <C>          <C>
 1-A1       50,000,000.00       1.96000%     37,783,510.26      61,713.07         0.00         0.00         0.00        0.00
 1-A2       61,468,000.00       3.45500%     61,468,000.00     176,976.62         0.00         0.00         0.00        0.00
  2A       463,097,000.00       2.13000%    457,636,382.23     812,304.58         0.00         0.00         0.00        0.00
  3A        49,973,000.00       3.90818%     49,744,578.15     162,008.86         0.00         0.00         0.00        0.00
  X-1                0.00       2.47953%     99,251,510.26     205,080.83         0.00         0.00         0.00        0.00
 X-2A                0.00       1.08391%    186,458,723.72     168,420.02         0.00         0.00         0.00        0.00
 X-2B                0.00       1.41114%    271,177,658.51     318,891.08         0.00         0.00         0.00        0.00
  X-B                0.00       1.29243%      9,069,000.00       9,767.51         0.00         0.00         0.00        0.00
  A-R              100.00       5.37470%              0.00           0.00         0.00         0.00         0.00        0.00
  B-1        9,069,000.00       2.50500%      9,069,000.00      18,931.54         0.00         0.00         0.00        0.00
  B-2        5,505,000.00       3.79743%      5,505,000.00      17,420.70         0.00         0.00         0.00        0.00
  B-3        3,886,000.00       3.79743%      3,886,000.00      12,297.33         0.00         0.00         0.00        0.00
  B-4        1,618,000.00       3.79743%      1,618,000.00       5,120.20         0.00         0.00         0.00        0.00
  B-5          970,000.00       3.79743%        970,000.00       3,069.59         0.00         0.00         0.00        0.00
  B-6        2,306,324.82       3.79743%      2,306,324.82       7,298.42         0.00         0.00         0.00        0.00
           --------------                                    ------------         ----         ----         ----        ----
Totals     647,892,424.82                                    1,979,300.35         0.00         0.00         0.00        0.00
           ==============                                    ============         ====         ====         ====        ====
</TABLE>

<TABLE>
<CAPTION>
                           Remaining       Ending
              Total         Unpaid       Certificate/
             Interest      Interest       Notational
 Class     Distribution    Shortfall       Balance
 -----     ------------    ---------       -------
<S>        <C>             <C>          <C>
 1-A1         61,713.07         0.00     30,279,015.54
 1-A2        176,976.62         0.00     61,468,000.00
  2A         812,304.58         0.00    451,656,609.49
  3A         162,008.86         0.00     47,882,491.69
  X-1        205,083.64         0.00     91,747,015.54
 X-2A        168,421.96         0.00    184,835,868.52
 X-2B        318,894.76         0.00    266,820,740.97
  X-B          9,770.32         0.00      9,069,000.00
  A-R              0.00         0.00              0.00
  B-1         18,931.54         0.00      9,069,000.00
  B-2         17,420.70         0.00      5,505,000.00
  B-3         12,297.33         0.00      3,886,000.00
  B-4          5,120.20         0.00      1,618,000.00
  B-5          3,069.59         0.00        970,000.00
  B-6          7,298.42         0.00      2,306,324.82
           ------------         ----
Totals     1,979,311.59         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                     Non-
                                 Current       Certificate/      Current       Unpaid        Current       Supported
             Original Face     Certificate       Notional        Accrued      Interest      Interest       Interest      Realized
Class (5)       Amount            Rate           Balance         Interest     Shortfall     Shortfall      Shortfall     Loss (6)
---------       ------            ----           -------         --------     ---------     ---------      ---------     --------
<S>          <C>               <C>            <C>               <C>           <C>           <C>           <C>           <C>
  1-A1        50,000,000.00      1.96000%      755.67020520     1.23426140    0.00000000    0.00000000    0.00000000    0.00000000
  1-A2        61,468,000.00      3.45500%     1000.00000000     2.87916672    0.00000000    0.00000000    0.00000000    0.00000000
   2A        463,097,000.00      2.13000%      988.20847950     1.75407005    0.00000000    0.00000000    0.00000000    0.00000000
   3A         49,973,000.00      3.90818%      995.42909471     3.24192784    0.00000000    0.00000000    0.00000000    0.00000000
   X-1                 0.00      2.47953%      890.40361593     1.83981797    0.00000000    0.00000000    0.00000000    0.00000000
  X-2A                 0.00      1.08391%      989.88128257     0.89411652    0.00000000    0.00000000    0.00000000    0.00000000
  X-2B                 0.00      1.41114%      987.06155523     1.16073399    0.00000000    0.00000000    0.00000000    0.00000000
   X-B                 0.00      1.29243%     1000.00000000     1.07702172    0.00000000    0.00000000    0.00000000    0.00000000
   A-R               100.00      5.37470%        0.00000000     0.00000000    0.00000000    0.00000000    0.00000000    0.00000000
   B-1         9,069,000.00      2.50500%     1000.00000000     2.08750028    0.00000000    0.00000000    0.00000000    0.00000000
   B-2         5,505,000.00      3.79743%     1000.00000000     3.16452316    0.00000000    0.00000000    0.00000000    0.00000000
   B-3         3,886,000.00      3.79743%     1000.00000000     3.16452136    0.00000000    0.00000000    0.00000000    0.00000000
   B-4         1,618,000.00      3.79743%     1000.00000000     3.16452410    0.00000000    0.00000000    0.00000000    0.00000000
   B-5           970,000.00      3.79743%     1000.00000000     3.16452577    0.00000000    0.00000000    0.00000000    0.00000000
   B-6         2,306,324.82      3.79743%     1000.00000000     3.16452389    0.00000000    0.00000000    0.00000000    0.00000000
</TABLE>

<TABLE>
<CAPTION>
                              Remaining           Ending
                Total          Unpaid          Certificate/
               Interest       Interest          Notational
Class (5)    Distribution     Shortfall           Balance
---------    ------------     ---------           -------
<S>          <C>             <C>               <C>
  1-A1         1.23426140    0.00000000         605.58031080
  1-A2         2.87916672    0.00000000        1000.00000000
   2A          1.75407005    0.00000000         975.29590883
   3A          3.24192784    0.00000000         958.16724411
   X-1         1.83984318    0.00000000         823.07940880
  X-2A         0.89412682    0.00000000         981.26578872
  X-2B         1.16074738    0.00000000         971.20277901
   X-B         1.07733157    0.00000000        1000.00000000
   A-R         0.00000000    0.00000000           0.00000000
   B-1         2.08750028    0.00000000        1000.00000000
   B-2         3.16452316    0.00000000        1000.00000000
   B-3         3.16452136    0.00000000        1000.00000000
   B-4         3.16452410    0.00000000        1000.00000000
   B-5         3.16452577    0.00000000        1000.00000000
   B-6         3.16452389    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                   17,520,314.77
         Liquidations, Insurance Proceeds, Reserve Funds              11.23
         Proceeds from Repurchased Loans                               0.00
         Other Amounts (Servicer Advances)                           740.00
         Realized Losses                                               0.00
         Prepayment Penalties                                          0.00
                                                              -------------
Total Deposits                                                17,521,066.00

Withdrawals

         Reimbursement for Servicer Advances                           0.00
         Payment of Service Fee                                  195,400.49
         Payment of Interest and Principal                    17,325,665.51
                                                              -------------
Total Withdrawals (Pool Distribution Amount)                  17,521,066.00

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                                                   190,675.60
Master Servicing Fee                                                    4,724.89
Non-Supported Prepayment/Curtailment Interest Shortfall                     0.00
                                                                      ----------
Net Servicing Fee                                                     195,400.49
                                                                      ==========
</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         2.81          2.81      2,500.00
Class X-2 Basis Risk Reserve Fund     5,000.00         5.62          5.62      5,000.00
Class X-B Basis Risk Reserve Fund     2,500.00         2.81          2.81      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            1       222,000.00  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
               --------    --------                --------    --------                --------     --------
                   1       222,000.00                  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        0.063492%   0.036119%   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%
               --------    --------                --------    --------                --------     --------
               0.063492%   0.036119%               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         1       222,000.00
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                  1       222,000.00

<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     0.063492%   0.036119%
120 Days    0.000000%   0.000000%   120 Days    0.000000%   0.000000%
150 Days    0.000000%   0.000000%   150 Days    0.000000%   0.000000%
180+ Days   0.000000%   0.000000%   180+ Days   0.000000%   0.000000%
            --------    --------                --------    --------
            0.000000%   0.000000%               0.063492%   0.036119%
</TABLE>

<TABLE>
<S>                                             <C>
Current Period Class A Insufficient Funds:        0.00
Principal Balance of Contaminated Properties      0.00
Periodic Advance                                740.00
</TABLE>
<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%    614,640,441.54     100.00000000%        96.200327%          0.000000%
Class 1-A-1    597,892,324.82     92.28265402%    584,361,426.00      95.07370269%         4.926297%        129.650571%
Class 1-A-2    536,424,324.82     82.79527654%    522,893,426.00      85.07305909%        10.000644%        263.197504%
Class 2A        73,327,324.82     11.31782407%     71,236,816.51      11.58999826%        73.483061%      1,933.931351%
Class 3A        23,354,324.82      3.60466089%     23,354,324.82       3.79967266%         7.790326%        205.026230%
Class X-1       23,354,324.82      3.60466089%     23,354,324.82       3.79967266%         0.000000%          0.000000%
Class B-1       14,285,324.82      2.20489147%     14,285,324.82       2.32417587%         1.475497%         38.832208%
Class B-2        8,780,324.82      1.35521338%     14,285,324.82       1.42853028%         0.895464%         23.571651%
Class B-3        4,894,324.82      0.75542245%      8,780,324.82       0.79629072%         0.632240%         16.639316%
Class B-4        3,276,324.82      0.50568963%      4,894,324.82       0.53304739%         0.263243%          6.928053%
Class B-5        2,306,324.82      0.35597342%      3,276,324.82       0.37523154%         0.157816%          4.153406%
Class B-6                0.00      0.00000000%      2,306,324.82       0.00000000%         0.375232%          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         0.02050711%
         Fraud    19,436,773.00        3.00000004%       19,436,773.00         3.16229973%
Special Hazard    15,500,000.00        2.39237247%       15,500,000.00         2,52179957%
</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            1     222,000.00    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
               --------    --------                --------    --------                --------     --------
                   1     222,000.00                    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        0.675676%    0.445967%  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%
               --------    --------                --------    --------                --------     --------
               0.675676%   0.445967%               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         1     222,000.00
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                    1     222,000.00

<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     0.675676%   0.445967%
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%               0.675676%   0.445967%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                             Mixed Arm
<S>                                                           <C>
Weighted Average Gross Coupon                                      4.142374%
Weighted Average Net Coupon                                        3.779175%
Weighted Average Pass-Through Rate                                 3.770175%
Weighted Average Maturity (Stepdown Calculation)                         328

Beginning Scheduled Collateral Loan Count                              1,599
Number of Loans Paid in Full                                              24
Ending Scheduled Collateral Loan Count                                 1,575

Beginning Scheduled Collateral Balance                        629,986,795.46
Ending Scheduled Collateral Balance                           614,640,441.54
Ending Actual Collateral Balance at 30-Sep-2002               614,641,413.94

Monthly P&I Constant                                            2,175,979.54
Special Servicing Fee                                                   0.00
Prepayment Penalties                                                    0.00
Realization Loss Amount                                                 0.00
Cumulative Realized Loss                                                0.00

Class A Optimal Amount                                         17,251,748.98

Ending Scheduled Balance for Premium Loans                    614,640,441.54

Scheduled Principal                                                 1,278.70
Unscheduled Principal                                          15,345,075.22
</TABLE>


                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                              <C>
One Month Libor Loan Balance                                     191,913,297.83
Six Month Libor Loan Balance                                     421,621,900.94
Pro Rata Senior Percent                                              96.292887%
Senior Percentage                                                   100.000000%
Senior Prepay Percentage                                            100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%
</TABLE>