<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

                              FRB SERIES 2002-FRB2
                         RECORD DATE: NOVEMBER 30, 2002
                      DISTRIBUTION DATE: DECEMBER 16, 2002

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

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


  A-1    336161BT0        SEN         3.98600%      58,144,000.00      193,134.99
  A-2    336161BU7        SEN         1.84000%     310,464,000.00      158,681.60
  A-R    336161BW3        SEN         4.88731%             100.00            0.41
  B-1    336161BX1        SUB         2.49000%       3,799,000.00        2,627.64
  B-2    336161BY9        SUB         3.50968%       1,519,000.00        4,442.67
  B-3    336161BZ6        SUB         3.50968%       2,279,000.00        6,665.47
  B-4    336161CA0        SUB         3.50968%       1,519,000.00        4,442.67
  B-5    336161CB8        SUB         3.50968%       1,139,000.00        3,331.27
  B-6    336161CC6        SUB         3.50968%       1,146,346.99        3,352.76
   X     336161BV5        SEN         2.32017%               0.00      734,739.16
---------------------------------------------------------------------------------
Totals                                             380,009,446.99    1,111,418.64
</TABLE>

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

  A-1       16,166.20      0.00     58,127,833.80     209,301.19          0.00
  A-2      712,442.86      0.00    309,751,557.14     871,124.46          0.00
  A-R          100.00      0.00              0.00         100.41          0.00
  B-1            0.00      0.00      3,799,000.00       2,627.64          0.00
  B-2            0.00      0.00      1,519,000.00       4,442.67          0.00
  B-3            0.00      0.00      2,279,000.00       6,665.47          0.00
  B-4            0.00      0.00      1,519,000.00       4,442.67          0.00
  B-5            0.00      0.00      1,139,000.00       3,331.27          0.00
  B-6            0.00      0.00      1,146,346.99       3,352.76          0.00
   X             0.00      0.00              0.00     734,739.16          0.00
------------------------------------------------------------------------------
Totals     728,709.06      0.00    379,280,737.93   1,840,127.70          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        Certificate     Principal      Principal
 Class      Face Amount        Balance      Distribution   Distribution   Accretion
-----------------------------------------------------------------------------------
<S>       <C>              <C>              <C>            <C>            <C>

  A-1      58,144,000.00    58,144,000.00       7,232.05       8,934.15        0.00
  A-2     310,464,000.00   310,464,000.00      32,423.10     680,019.76        0.00
  A-R             100.00           100.00          44.74          55.26        0.00
  B-1       3,799,000.00     3,799,000.00           0.00           0.00        0.00
  B-2       1,519,000.00     1,519,000.00           0.00           0.00        0.00
  B-3       2,279,000.00     2,279,000.00           0.00           0.00        0.00
  B-4       1,519,000.00     1,519,000.00           0.00           0.00        0.00
  B-5       1,139,000.00     1,139,000.00           0.00           0.00        0.00
  B-6       1,146,346.99     1,146,346.99           0.00           0.00        0.00
   X                0.00             0.00           0.00           0.00        0.00
-----------------------------------------------------------------------------------
Totals    380,009,446.99   380,009,446.99      39,699.89     689,009.17        0.00
</TABLE>

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

  A-1         0.00    16,166.20    58,127,833.80    0.99972196      16,166.20
  A-2         0.00   712,442.86   309,751,557.14    0.99770523     712,442.86
  A-R         0.00       100.00             0.00    0.00000000         100.00
  B-1         0.00         0.00     3,799,000.00    1.00000000           0.00
  B-2         0.00         0.00     1,519,000.00    1.00000000           0.00
  B-3         0.00         0.00     2,279,000.00    1.00000000           0.00
  B-4         0.00         0.00     1,519,000.00    1.00000000           0.00
  B-5         0.00         0.00     1,139,000.00    1.00000000           0.00
  B-6         0.00         0.00     1,146,346.99    1.00000000           0.00
   X          0.00         0.00             0.00    0.00000000           0.00
-----------------------------------------------------------------------------
Totals        0.00   728,709.06   379,280,737.93    0.99808239     728,709.06
</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>
            Original        Beginning      Scheduled     Unscheduled
              Face         Certificate     Principal      Principal
 Class       Amount          Balance      Distribution   Distribution   Accretion
----------------------------------------------------------------------------------
<S>      <C>              <C>             <C>            <C>            <C>

  A-1     58,144,000.00   1000.00000000     0.12438171     0.15365558   0.00000000
  A-2    310,464,000.00   1000.00000000     0.10443433     2.19033369   0.00000000
  A-R            100.00   1000.00000000   447.40000000   552.60000000   0.00000000
  B-1      3,799,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
  B-2      1,519,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
  B-3      2,279,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
  B-4      1,159,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
  B-5      1,139,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
  B-6      1,146,346.99   1000.00000000     0.00000000     0.00000000   0.00000000
   X               0.00      0.00000000     0.00000000     0.00000000   0.00000000
</TABLE>

<TABLE>
<CAPTION>
                          Total           Ending        Ending          Total
          Realized      Principal       Certificate   Certificate     Principal
 Class    Loss (3)      Reduction         Balance      Percentage    Distribution
---------------------------------------------------------------------------------
<S>      <C>          <C>             <C>             <C>           <C>

  A-1    0.00000000      0.27803729    999.72196271    0.99972196      0.27803729
  A-2    0.00000000      2.29476802    997.70523198    0.99770523      2.29476802
  A-R    0.00000000   1000.00000000      0.00000000    0.00000000   1000.00000000
  B-1    0.00000000      0.00000000   1000.00000000    1.00000000      0.00000000
  B-2    0.00000000      0.00000000   1000.00000000    1.00000000      0.00000000
  B-3    0.00000000      0.00000000   1000.00000000    1.00000000      0.00000000
  B-4    0.00000000      0.00000000   1000.00000000    1.00000000      0.00000000
  B-5    0.00000000      0.00000000   1000.00000000    1.00000000      0.00000000
  B-6    0.00000000      0.00000000   1000.00000000    1.00000000      0.00000000
   X     0.00000000      0.00000000      0.00000000    0.00000000      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
                                           Beginning                       of
            Original        Current       Certificate/      Current      Unpaid
              Face        Certificate       Notional        Accrued     Interest
Class        Amount           Rate          Balance        Interest     Shortfall
---------------------------------------------------------------------------------
<S>      <C>               <C>          <C>              <C>            <C>

 A-1      58,144,000.00      3.98600%    58,144,000.00     193,134.99        0.00
 A-2     310,464,000.00      1.84000%   310,464,000.00     158,681.60        0.00
 A-R             100.00      4.88731%           100.00           0.41        0.00
 B-1       3,799,000.00      2.49000%     3,799,000.00       2,627.64        0.00
 B-2       1,519,000.00      3.50968%     1,519,000.00       4,442.67        0.00
 B-3       2,279,000.00      3.50968%     2,279,000.00       6,665.47        0.00
 B-4       1,519,000.00      3.50968%     1,519,000.00       4,442.67        0.00
 B-5       1,139,000.00      3.50968%     1,139,000.00       3,331.27        0.00
 B-6       1,146,346.99      3.50968%     1,146,346.99       3,352.76        0.00
  X                0.00      2.32017%   380,009,446.99     734,739.16        0.00
---------------------------------------------------------------------------------
Totals   380,009,446.99                                  1,111,418.64        0.00
</TABLE>

<TABLE>
<CAPTION>

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

 A-1          0.00        0.00       0.00     193,134.99        0.00    58,127,833.80
 A-2          0.00        0.00       0.00     158,681.60        0.00   309,751,557.14
 A-R          0.00        0.00       0.00           0.41        0.00             0.00
 B-1          0.00        0.00       0.00       2,627.64        0.00     3,799,000.00
 B-2          0.00        0.00       0.00       4,442.67        0.00     1,519,000.00
 B-3          0.00        0.00       0.00       6,665.47        0.00     2,279,000.00
 B-4          0.00        0.00       0.00       4,442.67        0.00     1,519,000.00
 B-5          0.00        0.00       0.00       3,331.27        0.00     1,139,000.00
 B-6          0.00        0.00       0.00       3,352.76        0.00     1,146,346.99
  X           0.00        0.00       0.00     734,739.16        0.00    379,280,737.93
-------------------------------------------------------------------------------------
Totals        0.00        0.00       0.00   1,111,418.64        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>
                                        Beginning                   Payment of
                            Current    Certificate/     Current       Unpaid
Class       Original     Certificate     Notional       Accrued      Interest
 (5)      Face Amount        Rate        Balance        Interest     Shortfall
------------------------------------------------------------------------------
<S>     <C>              <C>           <C>             <C>          <C>


 A-1     58,144,000.00      3.98600%   1000.00000000   3.32166672   0.00000000
 A-2    310,464,000.00      1.84000%   1000.00000000   0.51111111   0.00000000
 A-R            100.00      4.88731%   1000.00000000   4.10000000   0.00000000
 B-1      3,799,000.00      2.49000%   1000.00000000   0.69166623   0.00000000
 B-2      1,519,000.00      3.50968%   1000.00000000   2.92473338   0.00000000
 B-3      2,279,000.00      3.50968%   1000.00000000   2.92473453   0.00000000
 B-4      1,519,000.00      3.50968%   1000.00000000   2.92473338   0.00000000
 B-5      1,139,000.00      3.50968%   1000.00000000   2.92473222   0.00000000
 B-6      1,146,346.99      3.50968%   1000.00000000   2.92473398   0.00000000
  X               0.00      2.32017%   1000.00000000   1.93347604   0.00000000
</TABLE>

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


 A-1    0.00000000   0.00000000   0.00000000     3.32166672   0.00000000    999.72196271
 A-2    0.00000000   0.00000000   0.00000000     0.51111111   0.00000000    997.70523198
 A-R    0.00000000   0.00000000   0.00000000     4.10000000   0.00000000      0.00000000
 B-1    0.00000000   0.00000000   0.00000000     0.69166623   0.00000000   1000.00000000
 B-2    0.00000000   0.00000000   0.00000000     2.92473338   0.00000000   1000.00000000
 B-3    0.00000000   0.00000000   0.00000000     2.92473453   0.00000000   1000.00000000
 B-4    0.00000000   0.00000000   0.00000000     2.92473338   0.00000000   1000.00000000
 B-5    0.00000000   0.00000000   0.00000000     2.92473222   0.00000000   1000.00000000
 B-6    0.00000000   0.00000000   0.00000000     2.92473398   0.00000000   1000.00000000
  X     0.00000000   0.00000000   0.00000000     1.93347604   0.00000000    998.08239225
</TABLE>

(5) Per $1 denomination

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

                               CERTIFICATE ACCOUNT

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

Deposits

        Payments of Interest and Principal                          1,936,713.44
        Liquidations, Insurance Proceeds, Reserve Funds                     0.00
        Proceeds from Repurchased Loans                                     0.00
        Other Amounts (Servicer Advances)                                   0.00
        Realized Losses                                                     0.00
        Prepayment Penalties                                                0.00
                                                                    ------------
Total Deposits                                                      1,936,713.44

Withdrawals
        Reimbursement for Servicer Advances                                 0.00
        Payment of Service Fee                                         96,585.74
        Payment of Interest and Principal                           1,840,127.70
                                                                    ------------
Total Withdrawals (Pool Distribution Amount)                        1,936,713.44

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                                                    95,002.37
Special Servicing Fee                                                       0.00
Trustee Fee                                                             1,583.37
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                    ------------

Net Servicing Fee                                                      96,585.74
                                                                    ============
</TABLE>
<PAGE>
             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
            DELINQUENT                          BANKRUPTCY                         FORECLOSURE
---------------------------------   ---------------------------------   ---------------------------------
              No. of    Principal                No. of     Principal                 No. of    Principal
              Loans      Balance                  Loans      Balance                  Loans      Balance
<S>         <C>         <C>         <C>         <C>         <C>         <C>         <C>         <C>

0-29 Days       0            0.00   0-29 Days       0            0.00   0-29 Days       0            0.00
30 Days         0            0.00   30 Days         0            0.00   30 Days         0            0.00
60 Days         0            0.00   60 Days         0            0.00   60 Days         0            0.00
90 Days         0            0.00   90 Days         0            0.00   90 Days         0            0.00
120 Days        0            0.00   120 Days        0            0.00   120 Days        0            0.00
150 Days        0            0.00   150 Days        0            0.00   150 Days        0            0.00
180+ Days       0            0.00   180+ Days       0            0.00   180+ Days       0            0.00
            ---------------------               ---------------------               ---------------------
                0            0.00                   0            0.00                   0            0.00
</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%
</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
</TABLE>

<TABLE>
<CAPTION>
             No. of     Principal                No. of     Principal
              Loans      Balance                  Loans      Balance
<S>         <C>         <C>         <C>         <C>         <C>

0-29 Days   0.000000%   0.000000%   0-29 Days   0.000000%   0.000000%
30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days     0.000000%   0.000000%   60 Days     0.000000%   0.000000%
90 Days     0.000000%   0.000000%   90 Days     0.000000%   0.000000%
120 Days    0.000000%   0.000000%   120 Days    0.000000%   0.000000%
150 Days    0.000000%   0.000000%   150 Days    0.000000%   0.000000%
180+ Days   0.000000%   0.000000%   180+ Days   0.000000%   0.000000%
            ---------------------               ---------------------
            0.000000%   0.000000%               0.000000%   0.000000%
</TABLE>


Current Period Class A Insufficient Funds:               0.00
Principal Balance of Contaminated Properties             0.00
Periodic Advance                                         0.00




<TABLE>
<CAPTION>
                       Original $     Original %      Current $      Current %
<S>                  <C>             <C>           <C>             <C>
     Bankruptcy         100,000.00   0.02631514%      100,000.00   0.02636569%
          Fraud       7,600,189.00   2.00000002%    7,600,189.00   2.00384260%
 Special Hazard      11,400,283.00   2.99999989%   11,400,283.00   3.00576377%
</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
</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%
</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
</TABLE>

<TABLE>
<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
</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%
</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
</TABLE>

<TABLE>
<CAPTION>
             No. of     Principal                 No. of    Principal
              Loans      Balance                  Loans      Balance
<S>         <C>         <C>         <C>         <C>         <C>

0-29 Days   0.000000%   0.000000%   0-29 Days   0.000000%   0.000000%
30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days     0.000000%   0.000000%   60 Days     0.000000%   0.000000%
90 Days     0.000000%   0.000000%   90 Days     0.000000%   0.000000%
120 Days    0.000000%   0.000000%   120 Days    0.000000%   0.000000%
150 Days    0.000000%   0.000000%   150 Days    0.000000%   0.000000%
180+ Days   0.000000%   0.000000%   180+ Days   0.000000%   0.000000%
            ---------------------               ---------------------
            0.000000%   0.000000%               0.000000%   0.000000%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                               Fixed Mixed & ARM & Balloon
<S>                                                  <C>

Weighted Average Gross Coupon                                          3.814656%
Weighted Average Net Coupon                                            3.514656%
Weighted Average Pass-Through Rate                                     3.509655%
Weighted Average Maturity (Stepdown Calculation)                            355

Beginning Scheduled Collateral Loan Count                                   409
Number of Loans Paid in Full                                                  1
Ending Scheduled Collateral Loan Count                                      408

Beginning Scheduled Collateral Balance                           380,009,446.99
Ending Scheduled Collateral Balance                              379,280,737.93
Ending Actual Collateral Balance at 30-Nov-2002                  379,280,737.93

Monthly P&I Constant                                               1,247,704.28
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Ending Scheduled Balance for Premium Loans                       379,280,737.93

Scheduled Principal                                                   39,699.89
Unscheduled Principal                                                689,009.17


                             MISCELLANEOUS REPORTING

Senior Percentage                                                    100.000000%
Senior Percentage Group 1                                            100.000000%
Senior Percentage Group 2                                            100.000000%
Senior Prepayment Percentage                                         100.000000%
Senior Prepayment Percentage Group 1                                 100.000000%
Senior Prepayment Percentage Group 2                                 100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Percentage Group 1                                         0.000000%
Subordinate Percentage Group 2                                         0.000000%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
             GROUP                        1                     2                  TOTAL

Collateral Description            Fixed 15/30 & ARM   Fixed 15/30 & ARM   Fixed Mixed & ARM & B
<S>                               <C>                 <C>                 <C>

Weighted Average Coupon Rate               5.192311            3.556646                3.814656
Weighted Average Net Rate                  4.892311            3.256646                3.514656
Pass-Through Rate                          4.887310            3.251645                3.509655
Weighted Average Maturity                       357                 353                     355
Record Date                              11/30/2002          11/30/2002              11/30/2002
Principal and Interest Constant          266,644.57          981,059.71            1,247,704.28
Beginning Loan Count                             73                 336                     409
Loans Paid in Full                                0                   1                       1
Ending Loan Count                                73                 335                     408
Beginning Scheduled Balance           59,942,738.78      320,066.708.21          380,009,446.99
Ending Scheduled Balance              59,926,472.58      319,354,265.35          379,280,737.93
Scheduled Principal                        7,276.79           32,423.10               39,699.89
Unscheduled Principal                      8,989.41          680,019.76              689,009.17
Scheduled Interest                       259,367.78          948,636.61            1,208,004.39
Servicing Fee                             14,985.69           80,016.68               95,002.37
Master Servicing Fee                           0.00                0.00                    0.00
Trustee Fee                                  249.76            1,333.61                1,583.37
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                             244,132.33          867,286.32            1,111,418.65
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>