<PAGE>
                                  EXHIBIT 10.1

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

                               SMT SERIES 2002-10

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

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                           Certificate    Certificate       Beginning
                              Class       Pass-Through      Certificate         Interest         Principal
Class          CUSIP       Description        Rate            Balance         Distribution     Distribution
------------------------------------------------------------------------------------------------------------
<S>         <C>             <C>            <C>           <C>                  <C>               <C>
 1A          81743VAA1         SEN          2.21063%       822,375,000.00      1,211,977.90       111,282.51
2A-1         81743VAB9         SEN          2.19063%       190,000,000.00        277,479.80        63,674.30
2A-2         81743VAN3         SEN          2.49063%         3,500,000.00          5,811.47             0.00
X-1A         81743VAC7          IO          1.57966%                 0.00        517,285.84             0.00
X-1B         81743VAD5          IO          1.68974%                 0.00        604,667.98             0.00
 X-2         81743VAP8          IO          1.70890%                 0.00        275,559.76             0.00
 X-B         81743VAE3          IO          1.24043%                 0.00         26,592.42             0.00
 A-R         81743VAF0         SEN          3.40565%               100.00              0.28           100.00
 B-1         81743VAG8         SUB          2.61063%        12,600,000.00         21,929.29             0.00
 B-2         81743VAH6         SUB          2.61063%         8,400,000.00         14,619.53             0.00
 B-3         81743VAJ2         SUB          3.21063%         4,725,000.00         10,113.48             0.00
 B-4         SMT0210B4         SUB          3.41709%         2,625,000.00          7,474.89             0.00
 B-5         SMT0210B5         SUB          3.41709%         2,100,000.00          5,979.92             0.00
 B-6         SMT0210B6         SUB          3.41709%         3,685,162.00         10,493.79             0.00
------------------------------------------------------------------------------------------------------------
Totals                                                   1,050,010,262.00      2,989,986.35       175,056.81
------------------------------------------------------------------------------------------------------------
</TABLE>


<TABLE>
<CAPTION>
                       Ending
    Current         Certificate          Total           Cumulative
 Realized Loss       Balance          Distribution      Realized Loss
---------------------------------------------------------------------
<S>             <C>                  <C>               <C>
       0.00       822,263,717.49      1,323,260.41           0.00
       0.00       189,936,325.70        341,154.10           0.00
       0.00         3,500,000.00          5,811.47           0.00
       0.00                 0.00        517,285.84           0.00
       0.00                 0.00        604,667.98           0.00
       0.00                 0.00        275,559.76           0.00
       0.00                 0.00         26,592.42           0.00
       0.00                 0.00            100.28           0.00
       0.00        12,600,000.00         21,929.29           0.00
       0.00         8,400,000.00         14,619.53           0.00
       0.00         4,725,000.00         10,113.48           0.00
       0.00         2,625,000.00          7,474.89           0.00
       0.00         2,100,000.00          5,979.92           0.00
       0.00         3,685,162.00         10,493.79           0.00
---------------------------------------------------------------------
       0.00     1,049,835,205.19      3,165,043.16           0.00
---------------------------------------------------------------------
</TABLE>

All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.


<PAGE>


                                     PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
                                 Beginning         Scheduled     Unscheduled
             Original Face      Certificate        Principal      Principal                    Realized
   Class        Amount            Balance         Distribution   Distribution     Accretion     Loss (1)
--------------------------------------------------------------------------------------------------------
<S>       <C>                <C>                   <C>            <C>              <C>           <C>
 1A         822,375,000.00     822,375,000.00          0.00       111,282.51         0.00          0.00
2A-1        190,000,000.00     190,000,000.00          0.00        63,674.30         0.00          0.00
2A-2          3,500,000.00       3,500,000.00          0.00             0.00         0.00          0.00
X-1A                  0.00               0.00          0.00             0.00         0.00          0.00
X-1B                  0.00               0.00          0.00             0.00         0.00          0.00
 X-2                  0.00               0.00          0.00             0.00         0.00          0.00
 X-B                  0.00               0.00          0.00             0.00         0.00          0.00
 A-R                100.00             100.00          0.00           100.00         0.00          0.00
 B-1         12,600,000.00      12,600,000.00          0.00             0.00         0.00          0.00
 B-2          8,400,000.00       8,400,000.00          0.00             0.00         0.00          0.00
 B-3          4,725,000.00       4,725,000.00          0.00             0.00         0.00          0.00
 B-4          2,625,000.00       2,625,000.00          0.00             0.00         0.00          0.00
 B-5          2,100,000.00       2,100,000.00          0.00             0.00         0.00          0.00
 B-6          3,685,162.00       3,685,162.00          0.00             0.00         0.00          0.00
--------------------------------------------------------------------------------------------------------
Totals    1,050,010,262.00   1,050,010,262.00          0.00       175,056.81         0.00          0.00
--------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------
  Total             Ending            Ending
Principal         Certificate        Certificate    Total Principal
Reduction           Balance          Percentage        Distribution
-------------------------------------------------------------------
<S>           <C>                    <C>            <C>
111,282.51      822,263,717.49       0.99986468         111,282.51
 63,674.30      189,936,325.70       0.99966487          63,674.30
      0.00        3,500,000.00       1.00000000               0.00
      0.00                0.00       0.00000000               0.00
      0.00                0.00       0.00000000               0.00
      0.00                0.00       0.00000000               0.00
      0.00                0.00       0.00000000               0.00
    100.00                0.00       0.00000000             100.00
      0.00       12,600,000.00       1.00000000               0.00
      0.00        8,400,000.00       1.00000000               0.00
      0.00        4,725,000.00       1.00000000               0.00
      0.00        2,625,000.00       1.00000000               0.00
      0.00        2,100,000.00       1.00000000               0.00
      0.00        3,685,162.00       1.00000000               0.00
-------------------------------------------------------------------
175,056.81    1,049,835,205.19       0.99983328         175,056.81
-------------------------------------------------------------------
</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.


                                 PRINCIPAL DISTRIBUTION FACTORS STATEMENT
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
                                   Beginning     Scheduled        Unscheduled
             Original Face       Certificate     Principal         Principal                    Realized
Class            Amount             Balance     Distribution      Distribution   Accretion       Loss (3)
---------------------------------------------------------------------------------------------------------
<S>         <C>                 <C>              <C>            <C>             <C>           <C>
 1A         822,375,000.00      1000.00000000    0.00000000        0.13531845    0.00000000    0.00000000
2A-1        190,000,000.00      1000.00000000    0.00000000        0.33512789    0.00000000    0.00000000
2A-2          3,500,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000
X-1A                  0.00         0.00000000    0.00000000        0.00000000    0.00000000    0.00000000
X-1B                  0.00         0.00000000    0.00000000        0.00000000    0.00000000    0.00000000
 X-2                  0.00         0.00000000    0.00000000        0.00000000    0.00000000    0.00000000
 X-B                  0.00         0.00000000    0.00000000        0.00000000    0.00000000    0.00000000
 A-R                100.00      1000.00000000    0.00000000     1000.00000000    0.00000000    0.00000000
 B-1         12,600,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000
 B-2          8,400,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000
 B-3          4,725,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000
 B-4          2,625,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000
 B-5          2,100,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000
 B-6          3,685,162.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000
---------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------
                      Ending             Ending
Total Principal     Certificate       Certificate       Total Principal
   Reduction          Balance          Percentage        Distribution
------------------------------------------------------------------------
<S>                 <C>               <C>               <C>
      0.13531845     999.86468155          0.99986468         0.13531845
      0.33512789     999.66487211          0.99966487         0.33512789
      0.00000000    1000.00000000          1.00000000         0.00000000
      0.00000000       0.00000000          0.00000000         0.00000000
      0.00000000       0.00000000          0.00000000         0.00000000
      0.00000000       0.00000000          0.00000000         0.00000000
      0.00000000       0.00000000          0.00000000         0.00000000
   1000.00000000       0.00000000          0.00000000      1000.00000000
      0.00000000    1000.00000000          1.00000000         0.00000000
      0.00000000    1000.00000000          1.00000000         0.00000000
      0.00000000    1000.00000000          1.00000000         0.00000000
      0.00000000    1000.00000000          1.00000000         0.00000000
      0.00000000    1000.00000000          1.00000000         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>
                                                                                  Payment of
                                   Current        Beginning          Current        Unpaid       Current
                Original Face     Certificate    Certificate/        Accrued       Interest      Interest
Class             Amount             Rate      Notional Balance     Interest       Shortfall    Shortfall
---------------------------------------------------------------------------------------------------------
<S>         <C>                    <C>         <C>                <C>              <C>          <C>
   1A         822,375,000.00       2.21063%    822,375,000.00     1,211,977.90        0.00          0.00
  2A-1        190,000,000.00       2.19063%    190,000,000.00       277,479.80        0.00          0.00
  2A-2          3,500,000.00       2.49063%      3,500,000.00         5,811.47        0.00          0.00
  X-1A                  0.00       1.57966%    392,959,800.00       517,285.56        0.00          0.00
  X-1B                  0.00       1.68974%    429,415,200.00       604,667.65        0.00          0.00
   X-2                  0.00       1.70890%    193,500,000.00       275,559.60        0.00          0.00
   X-B                  0.00       1.24043%     25,725,000.00        26,591.65        0.00          0.00
   A-R                100.00       3.40565%            100.00             0.28        0.00          0.00
   B-1         12,600,000.00       2.61063%     12,600,000.00        21,929.29        0.00          0.00
   B-2          8,400,000.00       2.61063%      8,400,000.00        14,619.53        0.00          0.00
   B-3          4,725,000.00       3.21063%      4,725,000.00        10,113.48        0.00          0.00
   B-4          2,625,000.00       3.41709%      2,625,000.00         7,474.89        0.00          0.00
   B-5          2,100,000.00       3.41709%      2,100,000.00         5,979.92        0.00          0.00
   B-6          3,685,162.00       3.41709%      3,685,162.00        10,493.79        0.00          0.00
---------------------------------------------------------------------------------------------------------
 Totals     1,050,010,262.00                                      2,989,984.81        0.00          0.00
---------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                                                Remaining      Ending
  Non-Supported                                  Unpaid     Certificate/
     Interest     Realized  Total Interest      Interest     Notational
    Shortfall      Loss(4)   Distribution      Shortfall       Balance
--------------------------------------------------------------------------
<S>               <C>        <C>               <C>          <C>
       0.00         0.00     1,211,977.90          0.00     822,263,717.49
       0.00         0.00       277,479.80          0.00     189,936,325.70
       0.00         0.00         5,811.47          0.00       3,500,000.00
       0.00         0.00       517,285.84          0.00     392,940,895.62
       0.00         0.00       604,667.98          0.00     429,322,821.87
       0.00         0.00       275,559.76          0.00     193,436,325.70
       0.00         0.00        26,592.42          0.00      25,725,000.00
       0.00         0.00             0.28          0.00               0.00
       0.00         0.00        21,929.29          0.00      12,600,000.00
       0.00         0.00        14,619.53          0.00       8,400,000.00
       0.00         0.00        10,113.48          0.00       4,725,000.00
       0.00         0.00         7,474.89          0.00       2,625,000.00
       0.00         0.00         5,979.92          0.00       2,100,000.00
       0.00         0.00        10,493.79          0.00       3,685,162.00
--------------------------------------------------------------------------
       0.00         0.00     2,989,986.35          0.00
--------------------------------------------------------------------------
</TABLE>

(4) Amount does not include excess special hazard, bankruptcy, or fraud losses
    unless otherwise disclosed. Please refer to the prospectus supplement for a
    full description.

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
                                                                             Payment of
                               Current       Beginning           Current        Unpaid        Current
             Original Face   Certificate    Certificate/        Accrued         Interest     Interest
Class (5)       Amount         Rate       Notional Balance     Interest       Shortfall     Shortfall
-----------------------------------------------------------------------------------------------------
<S>         <C>              <C>          <C>                  <C>           <C>           <C>
   1A       822,375,000.00    2.21063%     1000.00000000       1.47375334     0.00000000   0.00000000
  2A-1      190,000,000.00    2.19063%     1000.00000000       1.46042000     0.00000000   0.00000000
  2A-2        3,500,000.00    2.49063%     1000.00000000       1.66042000     0.00000000   0.00000000
  X-1A                0.00    1.57966%     1000.00000000       1.31638290     0.00000000   0.00000000
  X-1B                0.00    1.68974%     1000.00000000       1.40811888     0.00000000   0.00000000
   X-2                0.00    1.70890%     1000.00000000       1.42408062     0.00000000   0.00000000
   X-B                0.00    1.24043%     1000.00000000       1.03368902     0.00000000   0.00000000
   A-R              100.00    3.40565%     1000.00000000       2.80000000     0.00000000   0.00000000
   B-1       12,600,000.00    2.61063%     1000.00000000       1.74041984     0.00000000   0.00000000
   B-2        8,400,000.00    2.61063%     1000.00000000       1.74042024     0.00000000   0.00000000
   B-3        4,725,000.00    3.21063%     1000.00000000       2.14041905     0.00000000   0.00000000
   B-4        2,625,000.00    3.41709%     1000.00000000       2.84757714     0.00000000   0.00000000
   B-5        2,100,000.00    3.41709%     1000.00000000       2.84758095     0.00000000   0.00000000
   B-6        3,685,162.00    3.41709%     1000.00000000       2.84757902     0.00000000   0.00000000
-----------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
                                                Remaining
Non-Supported                                   Unpaid
 Interest        Realized      Total Interest   Interest      Ending Certificate/
 Shortfall       Loss (6)       Distribution    Shortfall     Notational Balance
--------------------------------------------------------------------------------
<S>             <C>           <C>              <C>            <C>
 0.00000000     0.00000000        1.47375334   0.00000000         999.86468155
 0.00000000     0.00000000        1.46042000   0.00000000         999.66487211
 0.00000000     0.00000000        1.66042000   0.00000000        1000.00000000
 0.00000000     0.00000000        1.31638361   0.00000000         999.95189233
 0.00000000     0.00000000        1.40811965   0.00000000         999.78487457
 0.00000000     0.00000000        1.42408145   0.00000000         999.67093385
 0.00000000     0.00000000        1.03371895   0.00000000        1000.00000000
 0.00000000     0.00000000        2.80000000   0.00000000           0.00000000
 0.00000000     0.00000000        1.74041984   0.00000000        1000.00000000
 0.00000000     0.00000000        1.74042024   0.00000000        1000.00000000
 0.00000000     0.00000000        2.14041905   0.00000000        1000.00000000
 0.00000000     0.00000000        2.84757714   0.00000000        1000.00000000
 0.00000000     0.00000000        2.84758095   0.00000000        1000.00000000
 0.00000000     0.00000000        2.84757902   0.00000000        1000.00000000
--------------------------------------------------------------------------------
</TABLE>

(5) Per $1 denomination

(6) Amount does not include excess special hazard, bankruptcy, or fraud losses
    unless otherwise disclosed. Please refer to the prospectus supplement for a
    full description.


<PAGE>


                       CERTIFICATEHOLDER ACCOUNT STATEMENT
                               CERTIFICATE ACCOUNT

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

Deposits
         Payments of Interest and Principal                     3,383,793.74
         Liquidations, Insurance Proceeds, Reserve Funds                1.54
         Proceeds from Repurchased Loans                                0.00
         Other Amounts (Servicer Advances)                              0.00
         Realized Losses                                                0.00
         Prepayment Penalties                                           0.00
                                                                ------------
Total Deposits                                                  3,383,795.28


Withdrawals
         Reimbursement for Servicer Advances                            0.00
         Payment of Service Fee                                   218,752.12
         Payment of Interest and Principal                      3,165,043.16
                                                                ------------
Total Withdrawals (Pool Distribution Amount)                    3,383,795.28

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

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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

                                 SERVICING FEES

<TABLE>
<S>                                                             <C>
Gross Servicing Fee                                               218,752.12
Supported Prepayment/Curtailment Interest Shortfall                     0.00
                                                                ------------
Net Servicing Fee                                                 218,752.12
                                                                ============
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------
                                     Beginning      Current      Current     Ending
           Account Type               Balance     Withdrawals   Deposits     Balance
------------------------------------------------------------------------------------
<S>                                  <C>             <C>          <C>       <C>
Class X-A Basis Risk Reserve Fund    8,000.00        0.77         0.77      8,000.00
Class X-B Basis Risk Reserve Fund    2,000.00        0.77         0,77      2,000.00
------------------------------------------------------------------------------------
</TABLE>


             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
            DELINQUENT                               BANKRUPTCY                             FORECLOSURE
----------------------------------    -------------------------------------    --------------------------------
              No. of     Principal                     No. of     Principal                   No. of    Principal
              Loans       Balance                       Loans      Balance                     Loans     Balance
<S>         <C>          <C>         <C>                 <C>       <C>       <C>              <C>        <C>
0-29 Days          0         0.00     0-29 Days           0         0.00      0-29 Days          0         0.00
30 Days            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
</TABLE>

<TABLE>
<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%

<CAPTION>
---------------------------------------------------------------------------
                  REO                                    TOTAL
------------------------------------  -------------------------------------
                 No. of    Principal                    No. of   Principal
                 Loans      Balance                     Loans     Balance
<S>              <C>       <C>       <C>                 <C>      <C>
0-29 Days                    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>

<TABLE>
<S>                                          <C>     <C>                                             <C>     <C>
Current Period Class A Insufficient Funds:   0.00    Principal Balance of Contaminated Properties    0.00    Periodic Advance   0.00
</TABLE>


<PAGE>

Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                   Original $        Original %          Current $        Current %        Current Class %     Prepayment %
                   ----------        ----------          ---------        ---------        ---------------     ------------
<S>            <C>                  <C>             <C>                  <C>               <C>                <C>
  Class A      1,050,010,162.00     99.99999048%    1,049,835,205.19     100.00000000%        96.748522%          0.000000%
  Class 1A       227,635,162.00     21.67932736%      227,571,487.70      21.67687715%        78.323123%      2,408.846683%
Class 2-A-1       37,635,162.00      3.58426611%       37,635,162.00       3.58486378%        18.092013%        556.424269%
Class 2-A-2       34,135,162.00      3.25093604%       34,135,162.00       3.25147812%         0.333386%         10.253357%
 Class X-2        34,135,162.00      3.25093604%       34,135,162.00       3.25147812%         0.000000%          0.000000%
 Class B-1        21,535,162.00      2.05094776%       21,535,162.00       2.05128975%         1.200188%         36.912085%
 Class B-2        13,135,162.00      1.25095558%       13,135,162.00       1.25116418%         0.800126%         24.608057%
 Class B-3         8,410,162.00      0.80095998%        8,410,162.00       0.80109354%         0.450071%         13.842032%
 Class B-4         5,785,162.00      0.55096242%        5,785,162.00       0.55105430%         0.250039%          7.690018%
 Class B-5         3,685,162.00      0.35096438%        3,685,162.00       0.35102290%         0.200031%          6.152014%
 Class B-6                 0.00      0.00000000%                0.00       0.00000000%         0.351023%         10.795795%
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
                    Original $     Original %       Current $        Current %
<S>               <C>              <C>            <C>              <C>
    Bankruptcy       163,046.00    0.01552804%       163,064.00    0.01553063%
         Fraud    31,500,308.00    3.00000001%    31,500,308.00    3.00050025%
Special Hazard    11,240,000.00    1.07046573%    11,240,000.00    1.07064423%
</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     0-29 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>


<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<S>                                                         <C>
Collateral Description                                             Mixed ARM
Weighted Average Gross Coupon                                      3.667092%
Weighted Average Net Coupon                                        3.417092%
Weighted Average Pass-Through Rate                                 3.417092%
Weighted Average Maturity (Stepdown Calculation)                         298

Beginning Scheduled Collateral Loan Count                              2,764
Number of Loans Paid in Full                                               0
Ending Scheduled Collateral Loan Count                                 2,764

Beginning Scheduled Collateral Balance                      1,050,010,262.00
Ending Scheduled Collateral Balance                         1,049,835,205.19
Ending Actual Collateral Balance at 30-Sept-2002            1,049,700,193.06

Monthly P&I Constant                                            3,208,737.04
Special Servicing Fee                                                   0.00
Prepayment Penalties                                                    0.00
Realization Loss Amount                                                 0.00
Cumulative Realized Loss                                                0.00

Class A Optimal Amount                                          3,067,839.07

Ending Scheduled Balance for Premium Loans                  1,049,835,205.19

Scheduled Principal                                                     0.00
Unscheduled Principal                                             175,056.81
</TABLE>


<PAGE>




<TABLE>
<CAPTION>
                 GROUP                   1                    2               TOTAL
<S>                                <C>                <C>                 <C>
Collateral Description                  Mixed ARM        6 Month ARM             Mixed ARM
Weighted Average Coupon Rate             3.655645           3.715742              3.667092
Weighted Average Net Rate                3.405645           3.465742              3.417092
Pass-Through Rate                        3.405645           3.465742              3.417092
Weighted Average Maturity                     298                298                   298
Record Date                            09/30/2002         09/30/2002            09/30/2002
Principal and Interest Constant      2,589,436.93         619,300.11          3,208,737.04
Beginning Loan Count                        2,187                577                 2,764
Loans Paid in Full                              0                  0                     0
Ending Loan Count                           2,187                577                 2,764
Beginning Scheduled Balance        850,007,097.00     200,003,165.00      1,050,010,262.00
Ending Scheduled Balance           849,895,714.49     199,939,490.70      1,049,835,205.19
Scheduled Principal                          0.00               0.00                  0.00
Unscheduled Principal                  111,382.51          63,674.30            175,056.81
Scheduled Interest                   2,589,436.93         619,300.11          3,208,737.04
Servicing Fee                          177,084.80          41,667.32            218,752.12
Master Servicing Fee                         0.00               0.00                  0.00
Trustee Fee                                  0.00               0.00                  0.00
FRY Amount                                   0.00               0.00                  0.00
Special Hazard Fee                           0.00               0.00                  0.00
Other Fee                                    0.00               0.00                  0.00
Pool Insurance Fee                           0.00               0.00                  0.00
Spread 1                                     0.00               0.00                  0.00
Spread 2                                     0.00               0.00                  0.00
Spread 3                                     0.00               0.00                  0.00
Net Interest                         2,412,352.13          577,632.79         2,989,984.92
Realized Loss Amount                         0.00               0.00                  0.00
Cumulative Realized Loss                     0.00               0.00                  0.00
Percentage of Cumulative Losses              0.00               0.00                  0.00
Prepayment Penalties                         0.00               0.00                  0.00
Special Servicing Fee                        0.00               0.00                  0.00
</TABLE>


<PAGE>

                             MISCELLANEOUS REPORTING

<TABLE>
<CAPTION>
Group 1
-------
<S>                                                              <C>
One Month LIBOR Loans                                            643,690,539.71
Six Month LIBOR Loans                                            206,205,174.78
Pro Rata Senior Percentage                                           96.749204%
Senior Percentage                                                   100.000000%
Senior Prepayment Percentage                                        100.000000%

Group 2
-------

Pro Rata Senior Percentage                                           96.748469%
Senior Percentage                                                   100.000000%
Senior Prepayment Percentage                                        100.000000%
</TABLE>