<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 2002-7
                         RECORD DATE: SEPTEMBER 30, 2002
                       DISTRIBUTION DATE: OCTOBER 21, 2002

<TABLE>
<CAPTION>
                                         CERTIFICATEHOLDER DISTRIBUTION SUMMARY
---------------------------------------------------------------------------------------------------------------
                              Certificate      Certificate      Beginning
                                 Class        Pass-Through     Certificate          Interest         Principal
Class          CUSIP          Description         Rate           Balance          Distribution     Distribution
---------------------------------------------------------------------------------------------------------------
<S>          <C>              <C>             <C>             <C>                 <C>              <C>
  A          81743YAA5            SEN            2.16000%     534,569,975.67        962,225.95     5,698,591.52
 A-R         SMT0207AR            SEN            3.59390%               0.00              0.00             0.00
 B-1         81743YAE7            SUB            2.57000%       8,080,000.00         17,304.67             0.00
 B-2         81743YAF4            SUB            3.59390%       5,771,000.00         17,283.64             0.00
 B-3         81743YAG2            SUB            3.59390%       3,463,000.00         10,371.38             0.00
 B-4         SMT0207B4            SUB            3.59390%       1,442,000.00          4,318.66             0.00
 B-5         SMT0207B5            SUB            3.59390%       1,154,000.00          3,456.13             0.00
 B-6         SMT0207B6            SUB            3.59390%       2,600,498.71          7,788.27             0.00
 X-1         81743YAC1            SEN            1.09282%               0.00         84,139.33             0.00
 X-2         81743YAD9            SEN            1.49653%               0.00        561,529.95             0.00
---------------------------------------------------------------------------------------------------------------
Totals                                                        557,080,474.38      1,668,417.98     5,698,591.52
---------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------
                                     Ending
                   Current          Certificate           Total          Cumulative
Class           Realized Loss         Balance          Distribution     Realized Loss
-----------------------------------------------------------------------------------
<S>             <C>               <C>                 <C>               <C>
  A                 0.00          528,871,384.15      6,660,817.47          0.00
 A-R                0.00                    0.00              0.00          0.00
 B-1                0.00            8,080,000.00         17,304.67          0.00
 B-2                0.00            5,771,000.00         17,283.64          0.00
 B-3                0.00            3,463,000.00         10,371.38          0.00
 B-4                0.00            1,442,000.00          4,318.66          0.00
 B-5                0.00            1,154,000.00          3,456.13          0.00
 B-6                0.00            2,600,498.71          7,788.27          0.00
 X-1                0.00                    0.00         84,139.33          0.00
 X-2                0.00                    0.00        561,529.95          0.00
-----------------------------------------------------------------------------------
Totals              0.00          551,381,882.86      7,367,009.50          0.00
-----------------------------------------------------------------------------------
</TABLE>

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

<TABLE>
<CAPTION>
                                       PRINCIPAL DISTRIBUTION STATEMENT
------------------------------------------------------------------------------------------------------
                                Beginning       Scheduled      Unscheduled
            Original Face      Certificate      Principal       Principal                     Realized
Class          Amount            Balance       Distribution    Distribution     Accretion     Loss (1)
------------------------------------------------------------------------------------------------------
<S>        <C>               <C>               <C>             <C>              <C>           <C>
  A        554,686,000.00    534,569,975.67      2,185.46      5,696,406.06         0.00         0.00
 A-R               100.00              0.00          0.00              0.00         0.00         0.00
 B-1         8,080,000.00      8,080,000.00          0.00              0.00         0.00         0.00
 B-2         5,771,000.00      5,771,000.00          0.00              0.00         0.00         0.00
 B-3         3,463,000.00      3,463,000.00          0.00              0.00         0.00         0.00
 B-4         1,442,000.00      1,442,000.00          0.00              0.00         0.00         0.00
 B-5         1,154,000.00      1,154,000.00          0.00              0.00         0.00         0.00
 B-6         2,600,498.71      2,600,498.71          0.00              0.00         0.00         0.00
 X-1                50.00              0.00          0.00              0.00         0.00         0.00
 X-2                50.00              0.00          0.00              0.00         0.00         0.00
------------------------------------------------------------------------------------------------------
Totals     577,196,698.71    557,080,474.38      2,185.46      5,696,406.06         0.00         0.00
------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------
                        Total              Ending               Ending           Total
                      Principal         Certificate           Certificate       Principal
Class                 Reduction           Balance             Percentage       Distribution
-------------------------------------------------------------------------------------------
<S>                 <C>               <C>                     <C>              <C>
  A                 5,698,591.52      528,871,384.15          0.95346085       5,698,591.52
 A-R                        0.00                0.00          0.00000000               0.00
 B-1                        0.00        8,080,000.00          1.00000000               0.00
 B-2                        0.00        5,771,000.00          1.00000000               0.00
 B-3                        0.00        3,463,000.00          1.00000000               0.00
 B-4                        0.00        1,442,000.00          1.00000000               0.00
 B-5                        0.00        1,154,000.00          1.00000000               0.00
 B-6                        0.00        2,600,498.71          1.00000000               0.00
 X-1                        0.00                0.00          0.00000000               0.00
 X-2                        0.00                0.00          0.00000000               0.00
-------------------------------------------------------------------------------------------
Totals              5,698,591.52      551,381,882.86          0.95527553       5,698,591.52
-------------------------------------------------------------------------------------------
</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.

<PAGE>

<TABLE>
<CAPTION>
                                  PRINCIPAL DISTRIBUTION FACTORS STATEMENT
------------------------------------------------------------------------------------------------------------------------
                                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>
  A        554,686,000.00      963.73439328    0.00393999      10.26960489    0.00000000     0.00000000      10.27354489
 A-R               100.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
 B-1         8,080,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
 B-2         5,771,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
 B-3         3,463,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
 B-4         1,442,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
 B-5         1,154,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
 B-6         2,600,498.71     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
 X-1                50.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
 X-2                50.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------------------
               Ending               Ending             Total
Class       Certificate          Certificate         Principal
              Balance             Percentage        Distribution
----------------------------------------------------------------
<S>        <C>                   <C>                <C>
  A         953.46084839          0.95346085        10.27354489
 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
 X-1          0.00000000          0.00000000         0.00000000
 X-2          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.

<TABLE>
<CAPTION>
                                        INTEREST DISTRIBUTION STATEMENT
------------------------------------------------------------------------------------------------------------------------
                                                  Beginning                      Payment of
                                   Current       Certificate/     Current          Unpaid       Current   Non-Supported
            Original Face        Certificate       Notional       Accrued         Interest     Interest      Interest
Class          Amount                Rate          Balance        Interest       Shortfall     Shortfall     Shortfall
------------------------------------------------------------------------------------------------------------------------
<S>         <C>                  <C>           <C>              <C>              <C>           <C>        <C>
  A         554,686,000.00         2.16000%    534,569,975.67     962,225.96          0.00          0.00         0.00
 A-R                100.00         3.59390%              0.00           0.00          0.00          0.00         0.00
 B-1          8,080,000.00         2.57000%      8,080,000.00      17,304.67          0.00          0.00         0.00
 B-2          5,771,000.00         3.59390%      5,771,000.00      17,283.64          0.00          0.00         0.00
 B-3          3,463,000.00         3.59390%      3,463,000.00      10,371.38          0.00          0.00         0.00
 B-4          1,442,000.00         3.59390%      1,442,000.00       4,318.66          0.00          0.00         0.00
 B-5          1,154,000.00         3.59390%      1,154,000.00       3,456.13          0.00          0.00         0.00
 B-6          2,600,498.71         3.59390%      2,600,498.71       7,788.27          0.00          0.00         0.00
 X-1                 50.00         1.09282%     92,390,201.56      84,137.94          0.00          0.00         0.00
 X-2                 50.00         1.49653%    450,259,774.11     561,520.68          0.00          0.00         0.00
------------------------------------------------------------------------------------------------------------------------
Totals      577,196,698.71                                      1,668,407.33          0.00          0.00         0.00
------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------
                                              Remaining       Ending
                                               Unpaid       Certificate/
              Realized     Total Interest     Interest       Notational
Class         Loss (4)      Distribution      Shortfall       Balance
------------------------------------------------------------------------
<S>           <C>         <C>                 <C>         <C>
  A             0.00        962,225.95          0.00      528,871,384.15
 A-R            0.00              0.00          0.00                0.00
 B-1            0.00         17,304.67          0.00        8,080,000.00
 B-2            0.00         17,283.64          0.00        5,771,000.00
 B-3            0.00         10,371.38          0.00        3,463,000.00
 B-4            0.00          4,318.66          0.00        1,442,000.00
 B-5            0.00          3,456.13          0.00        1,154,000.00
 B-6            0.00          7,788.27          0.00        2,600,498.71
 X-1            0.00         84,139.33          0.00       92,292,092.13
 X-2            0.00        561,529.95          0.00      444,659,292.02
------------------------------------------------------------------------
Totals          0.00      1,668,417.98          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>

<TABLE>
<CAPTION>
                                      INTEREST DISTRIBUTION FACTORS STATEMENT
-----------------------------------------------------------------------------------------------------------------------
                                              Beginning                        Payment of
                              Current        Certificate/         Current        Unpaid        Current    Non-Supported
             Original Face   Certificate       Notional           Accrued       Interest      Interest      Interest
Class (5)       Amount          Rate           Balance            Interest      Shortfall     Shortfall     Shortfall
------------------------------------------------------------------------------------------------------------------------
<S>         <C>              <C>          <C>                <C>               <C>           <C>          <C>
    A       554,686,000.00    2.16000%        963.73439328       1.73472191     0.00000000   0.00000000    0.00000000
   A-R              100.00    3.59390%          0.00000000       0.00000000     0.00000000   0.00000000    0.00000000
   B-1        8,080,000.00    2.57000%       1000.00000000       2.14166708     0.00000000   0.00000000    0.00000000
   B-2        5,771,000.00    3.59390%       1000.00000000       2.99491249     0.00000000   0.00000000    0.00000000
   B-3        3,463,000.00    3.59390%       1000.00000000       2.99491193     0.00000000   0.00000000    0.00000000
   B-4        1,442,000.00    3.59390%       1000.00000000       2.99490985     0.00000000   0.00000000    0.00000000
   B-5        1,154,000.00    3.59390%       1000.00000000       2.99491334     0.00000000   0.00000000    0.00000000
   B-6        2,600,498.71    3.59390%       1000.00000000       2.99491400     0.00000000   0.00000000    0.00000000
   X-1               50.00    1.09282%    1847804.03120000    1682.75880000     0.00000000   0.00000000    0.00000000
   X-2               50.00    1.49653%    9005195.48220000   11230.41360000     0.00000000   0.00000000    0.00000000
-----------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------
                                                        Remaining
                                                         Unpaid        Ending Certificate/
                      Realized        Total Interest    Interest           Notational
Class (5)             Loss (6)         Distribution     Shortfall           Balance
------------------------------------------------------------------------------------------
<S>                   <C>            <C>                <C>            <C>
   A                  0.00000000        1.73472191      0.00000000         953.46084839
  A-R                 0.00000000        0.00000000      0.00000000           0.00000000
  B-1                 0.00000000        2.14166708      0.00000000        1000.00000000
  B-2                 0.00000000        2.99491249      0.00000000        1000.00000000
  B-3                 0.00000000        2.99491193      0.00000000        1000.00000000
  B-4                 0.00000000        2.99490985      0.00000000        1000.00000000
  B-5                 0.00000000        2.99491334      0.00000000        1000.00000000
  B-6                 0.00000000        2.99491400      0.00000000        1000.00000000
  X-1                 0.00000000     1682.78660000      0.00000000     1845841.84260000
  X-2                 0.00000000     11230.5990000      0.00000000     8893185.84040000
------------------------------------------------------------------------------------------
</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

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------
                                CERTIFICATE ACCOUNT
<S>                                                                      <C>
Beginning Balance                                                                0.00

Deposits
         Payments of Interest and Principal                              7,545,933.99
         Liquidations, Insurance Proceeds, Reserve Funds                        10.66
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                       0.00
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                         ------------

Total Deposits                                                           7,545,944.65

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            178,935.15
         Payment of Interest and Principal                               7,367,009.50
                                                                         ------------

Total Withdrawals (Pool Distribution Amount)                             7,545,944.65

Ending Balance                                                                   0.00
                                                                         ============

-------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------
                       PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S>                                                                      <C>
Total Prepayment/Curtailment Interest Shortfall                                  0.00
Servicing Fee Support                                                            0.00
                                                                         ------------

Non-Supported Prepayment Curtailment Interest Shortfall                          0.00
                                                                         ============

-------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------
                                   SERVICING FEES
<S>                                                                      <C>
Gross Servicing Fee                                                        174,292.81
Master Servicing Fee                                                         4,642.34
Supported Prepayment/Curtailment Interest Shortfall                              0.00
                                                                         ------------

Net Servicing Fee                                                          178,935.15
                                                                         ============

--------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------
                                         Beginning          Current          Current      Ending
         Account Type                     Balance         Withdrawals       Deposits      Balance
--------------------------------------------------------------------------------------------------
<S>                                      <C>              <C>               <C>           <C>
Basis Risk Reserve Fund - X-1             1,512.63           1.39             1.61        1,512.85
Basis Risk Reserve Fund - X-2             8,487.37           9.27             9.05        8,487.15

--------------------------------------------------------------------------------------------------
</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>
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

                 No. of      Principal                 No. of      Principal                 No. of       Principal
                 Loans        Balance                  Loans        Balance                  Loans         Balance

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%
-------------------------------------------------------------------------------------------------------------------
Current Period Class A Insufficient Funds:               0.00       Principal Balance of Contaminated Properties
</TABLE>

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

              No. of      Principal                 No. of      Principal
              Loans        Balance                  Loans        Balance

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%
-------------------------------------------------------------------------
   0.00     Periodic Advance                                         0.00
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------
                     Original $       Original %       Current $        Current %
<S>                <C>               <C>             <C>               <C>
    Bankruptcy        100,261.00     0.01737033%        100,261.00     0.01818359%
         Fraud     17,315,901.00     3.00000001%     17,315,901.00     3.14045520%
Special Hazard      5,771,967.00     1.00000000%      5,513,818.83     1.00000000%

Limit of subordinate's exposure to certain types of losses
--------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                           DELINQUENCY STATUS BY GROUP

<TABLE>
<CAPTION>
                                                                                         ONE-MONTH LIBOR
-------------------------------------------------------------------------------------------------------------------
                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>
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

                 No. of      Principal                 No. of      Principal                 No. of      Principal
                 Loans        Balance                  Loans        Balance                  Loans        Balance

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>
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

              No. of      Principal                 No. of      Principal
              Loans        Balance                  Loans        Balance

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>
<CAPTION>
                                                                                           SIX-MONTH LIBOR
------------------------------------------------------------------------------------------------------------------
               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>
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

                 No. of      Principal                No. of       Principal                 No. of      Principal
                 Loans         Balance                Loans         Balance                  Loans        Balance

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>
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

              No. of      Principal                 No. of      Principal
              Loans        Balance                  Loans        Balance

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>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------
                                  COLLATERAL STATEMENT
<S>                                                               <C>
Collateral Description                                            Mixed Fixed & Arm

Weighted Average Gross Coupon                                              3.979337%
Weighted Average Net Coupon                                                3.603895%
Weighted Average Pass-Through Rate                                         3.593895%
Weighted Average Maturity (Stepdown Calculation)                                355

Beginning Scheduled Collateral Loan Count                                     1,528
Number of Loans Paid in Full                                                     15
Ending Scheduled Collateral Loan Count                                        1,513

Beginning Scheduled Collateral Balance                               557,080,474.38
Ending Scheduled Collateral Balance                                  551,381,882.86
Ending Actual Collateral Balance at 30-Sep-2002                      551,379,382.10

Monthly P&I Constant                                                   1,849,527.94
Special Servicing Fee                                                          0.00
Prepayment Penalties                                                           0.00
Realization Loss Amount                                                        0.00
Cumulative Realized Loss                                                       0.00
Scheduled Principal                                                        2,185.46
Unscheduled Principal                                                  5,696,406.06
-----------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
                             MISCELLANEOUS REPORTING
<S>                                                                 <C>
Pro Rata Senior Percent                                              95.959202%
Senior Percent                                                      100.000000%
Senior Prepay Percent                                               100.000000%
Subordinate Percent                                                   0.000000%
Subordinate Prepay Percent                                            0.000000%
Basis RiskReserve Fund Income X-1                                         1.61
Basis Risk Reserve Fund Income X-2                                        9.05
--------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
           GROUP                            ONE MONTH LIBOR   SIX MONTH LIBOR         TOTAL
<S>                                         <C>              <C>                 <C>
Collateral Description                            Monthly       6 Month Arm      Mixed Fixed & Arm
Weighted Average Coupon Rate                     3.643921          4.048162               3.979337
Weighted Average Net Rate                        3.268921          3.672629               3.603895
Pass-Through Rate                                3.258921          3.662629               3.593895
Weighted Average Maturity                             315               316                    355
Record Date                                    09/30/2002        09/30/2002             09/30/2002
Principal and Interest Constant                288,012.81      1,561,515.13           1,849,527.94
Beginning Loan Count                                  238             1,290                  1,528
Loans Paid in Full                                      0                15                     15
Ending Loan Count                                     238             1,275                  1,513
Beginning Scheduled Balance                 94,847,101.48    462,233,372.90         557,080,474.38
Ending Scheduled Balance                    94,772,430.12    456,609,452.74         551,381,882.86
Scheduled Principal                                  0.00          2,185.46               2,185.46
Unscheduled Principal                           74,671.36      5,621,734.70           5,696,406.06
Scheduled Interest                             288,012.81      1,559,329.67           1,847,342.48
Servicing Fee                                   29,639.72        144,653.09             174,292.81
Master Servicing Fee                               790.40          3,851.94               4,642.34
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                                   257,582.69      1,410,824.64           1,668,407.33
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>