<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: NOVEMBER 29, 2002
                      DISTRIBUTION DATE: DECEMBER 20, 2002

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY


<TABLE>
<CAPTION>
                              Certificate        Certificate        Beginning
                                 Class           Pass-Through      Certificate          Interest        Principal         Current
   Class          CUSIP       Description           Rate              Balance         Distribution     Distribution    Realized Loss
   -----          -----       -----------           ----              -------         ------------     ------------    -------------
<S>             <C>           <C>                <C>            <C>                   <C>              <C>             <C>
    1A          81743VAA1         SEN             1.78813%        817,350,273.32      1,217,940.45     3,971,376.71         0.00
   2A-1         81743VAB9         SEN             1.76813%        188,444,857.98        277,662.50       600,680.10         0.00
   2A-2         81743VAN3         SEN             2.06813%          3,500,000.00          6,032.05             0.00         0.00
   X-1A         81743VAC7          IO             1.47864%                  0.00        481,274.62             0.00         0.00
   X-1B         81743VAD5          IO             1.66699%                  0.00        592,857.96             0.00         0.00
    X-2         81743VAP8          IO             1.68968%                  0.00        270,273.28             0.00         0.00
    X-B         81743VAE3          IO             1.08549%                  0.00         23,272.07             0.00         0.00
    A-R         81743VAF0         SEN             3.40027%                  0.00              0.00             0.00         0.00
    B-1         81743VAG8         SUB             2.18813%         12,600,000.00         22,975.36             0.00         0.00
    B-2         81743VAH6         SUB             2.18813%          8,400,000.00         15,316.91             0.00         0.00
    B-3         81743VAJ2         SUB             2.78813%          4,725,000.00         10,978.26             0.00         0.00
    B-4         SMT0210B4         SUB             3.38382%          2,625,000.00          7,402.11             0.00         0.00
    B-5         SMT0210B5         SUB             3.38382%          2,100,000.00          5,921.68             0.00         0.00
    B-6         SMT0210B6         SUB             3.38382%          3,685,162.00         10,391.60             0.00         0.00
                                                                ----------------      ------------     ------------         ----
Totals                                                          1,043,430,293.30      2,942,298.85     4,572,056.81         0.00
</TABLE>

<TABLE>
<CAPTION>
                     Ending
                   Certificate         Total              Cumulative
   Class              Balance        Distribution        Realized Loss
   -----              -------        ------------        -------------
<S>             <C>               <C>                    <C>
    1A            813,378,896.61    5,189,317.16             0.00
   2A-1           187,844,177.88      878,342.60             0.00
   2A-2             3,500,000.00        6,032.05             0.00
   X-1A                     0.00      481,274.62             0.00
   X-1B                     0.00      592,857.96             0.00
    X-2                     0.00      270,273.28             0.00
    X-B                     0.00       23,272.07             0.00
    A-R                     0.00            0.00             0.00
    B-1            12,600,000.00       22,975.36             0.00
    B-2             8,400,000.00       15,316.91             0.00
    B-3             4,725,000.00       10,978.26             0.00
    B-4             2,625,000.00        7,402.11             0.00
    B-5             2,100,000.00        5,921.68             0.00
    B-6             3,685,162.00       10,391.60             0.00
                ----------------    ------------             ----
Totals          1,038,858,236.49    7,514,355.66             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     817,350,273.32          0.00         3,971,376.71         0.00          0.00
   2A-1        190,000,000.00     188,444,857.98          0.00           600,680.10         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               0.00          0.00                 0.00         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   1,043,430,293.30          0.00         4,572,056.81         0.00          0.00
</TABLE>

<TABLE>
<CAPTION>
                Total             Ending                Ending
              Principal         Certificate           Certificate      Total Principal
   Class      Reduction           Balance              Percentage       Distribution
   -----      ---------           -------              ----------       ------------
<S>          <C>             <C>                      <C>              <C>
    1A       3,971,376.71      813,378,896.61          0.98906083       3,971,376.71
   2A-1        600,680.10      187,844,177.88          0.98865357         600,680.10
   2A-2              0.00        3,500,000.00          1.00000000               0.00
   X-1A              0.00                0.00          0.00000000               0.00
   X-1B              0.00                0.00          0.00000000               0.00
    X-2              0.00                0.00          0.00000000               0.00
    X-B              0.00                0.00          0.00000000               0.00
    A-R              0.00                0.00          0.00000000               0.00
    B-1              0.00       12,600,000.00          1.00000000               0.00
    B-2              0.00        8,400,000.00          1.00000000               0.00
    B-3              0.00        4,725,000.00          1.00000000               0.00
    B-4              0.00        2,625,000.00          1.00000000               0.00
    B-5              0.00        2,100,000.00          1.00000000               0.00
    B-6              0.00        3,685,162.00          1.00000000               0.00
             ------------    ----------------          ----------       ------------
Totals       4,572,056.81    1,038,858,236.49          0.98937913       4,572,056.81
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                      Beginning      Scheduled        Unscheduled
                Original Face        Certificate     Principal         Principal                   Realized      Total Principal
   Class           Amount              Balance     Distribution      Distribution   Accretion      Loss (3)         Reduction
   -----           ------              -------     ------------      ------------   ---------      --------         ---------
<S>            <C>                 <C>             <C>               <C>            <C>           <C>            <C>
    1A         822,375,000.00       993.88998124    0.00000000        4.82915545    0.00000000    0.00000000        4.82915545
   2A-1        190,000,000.00       991.81504200    0.00000000        3.16147421    0.00000000    0.00000000        3.16147421
   2A-2          3,500,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
   X-1A                  0.00         0.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
   X-1B                  0.00         0.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    X-2                  0.00         0.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    X-B                  0.00         0.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    A-R                100.00         0.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    B-1         12,600,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    B-2          8,400,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    B-3          4,725,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    B-4          2,625,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    B-5          2,100,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    B-6          3,685,162.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
</TABLE>

<TABLE>
<CAPTION>
                   Ending               Ending
                Certificate          Certificate       Total Principal
   Class          Balance             Percentage        Distribution
   -----          -------             ----------        ------------
<S>            <C>                   <C>               <C>
    1A          989.06082579          0.98906083         4.82915545
   2A-1         988.65356779          0.98865357         3.16147421
   2A-2        1000.00000000          1.00000000         0.00000000
   X-1A           0.00000000          0.00000000         0.00000000
   X-1B           0.00000000          0.00000000         0.00000000
    X-2           0.00000000          0.00000000         0.00000000
    X-B           0.00000000          0.00000000         0.00000000
    A-R           0.00000000          0.00000000         0.00000000
    B-1        1000.00000000          1.00000000         0.00000000
    B-2        1000.00000000          1.00000000         0.00000000
    B-3        1000.00000000          1.00000000         0.00000000
    B-4        1000.00000000          1.00000000         0.00000000
    B-5        1000.00000000          1.00000000         0.00000000
    B-6        1000.00000000          1.00000000         0.00000000
</TABLE>

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

<TABLE>
<CAPTION>
                                                                                           Payment of
                                      Current           Beginning          Current           Unpaid       Current     Non-Supported
               Original Face        Certificate        Certificate/        Accrued          Interest      Interest      Interest
  Class           Amount               Rate          Notional Balance      Interest         Shortfall     Shortfall     Shortfall
  -----           ------               ----          ----------------      --------         ---------     ---------     ---------
<S>         <C>                     <C>              <C>                 <C>               <C>            <C>         <C>
   1A         822,375,000.00         1.78813%         817,350,273.32     1,217,940.45          0.00          0.00         0.00
  2A-1        190,000,000.00         1.76813%         188,444,857.98       277,662.51          0.00          0.00         0.00
  2A-2          3,500,000.00         2.06813%           3,500,000.00         6,032.05          0.00          0.00         0.00
  X-1A                  0.00         1.47864%         390,578,367.87       481,271.80          0.00          0.00         0.00
  X-1B                  0.00         1.66699%         426,771,905.45       592,854.49          0.00          0.00         0.00
   X-2                  0.00         1.68968%         191,944,857.98       270,271.69          0.00          0.00         0.00
   X-B                  0.00         1.08549%          25,725,000.00        23,270.10          0.00          0.00         0.00
   A-R                100.00         3.40027%                   0.00             0.00          0.00          0.00         0.00
   B-1         12,600,000.00         2.18813%          12,600,000.00        22,975.37          0.00          0.00         0.00
   B-2          8,400,000.00         2.18813%           8,400,000.00        15,316.91          0.00          0.00         0.00
   B-3          4,725,000.00         2.78813%           4,725,000.00        10,978.26          0.00          0.00         0.00
   B-4          2,625,000.00         3.38382%           2,625,000.00         7,402.11          0.00          0.00         0.00
   B-5          2,100,000.00         3.38382%           2,100,000.00         5,921.68          0.00          0.00         0.00
   B-6          3,685,162.00         3.38382%           3,685,162.00        10,391.60          0.00          0.00         0.00
            ----------------                                             ------------          ----          ----         ----
 Totals     1,050,010,262.00                                             2,942,289.02          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>
   1A         0.00          1,217,940.45          0.00          813,378,896.61
  2A-1        0.00            277,662.50          0.00          187,844,177.88
  2A-2        0.00              6,032.05          0.00            3,500,000.00
  X-1A        0.00            481,274.62          0.00          388,471,780.66
  X-1B        0.00            592,857.96          0.00          424,907,115.95
   X-2        0.00            270,278.28          0.00          191,344,177.88
   X-B        0.00             23,272.07          0.00           25,725,000.00
   A-R        0.00                  0.00          0.00                    0.00
   B-1        0.00             22,975.36          0.00           12,600,000.00
   B-2        0.00             15,316.91          0.00            8,400,000.00
   B-3        0.00             10,978.26          0.00            4,725,000.00
   B-4        0.00              7,402.11          0.00            2,625,000.00
   B-5        0.00              5,921.68          0.00            2,100,000.00
   B-6        0.00             10,391.60          0.00            3,685,162.00
              ----          ------------          ----
Totals        0.00          2,942,298.85          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     Non-Supported
              Original Face    Certificate    Certificate/        Accrued        Interest    Interest      Interest
Class (5)         Amount          Rate      Notional Balance      Interest      Shortfall    Shortfall     Shortfall
---------         ------          ----      ----------------      --------      ---------    ---------     ---------
<S>           <C>              <C>          <C>                  <C>            <C>          <C>         <C>

   1A         822,375,000.00    1.78813%      993.88998124       1.48100374     0.00000000   0.00000000    0.00000000
  2A-1        190,000,000.00    1.76813%      991.81504200       1.46138163     0.00000000   0.00000000    0.00000000
  2A-2          3,500,000.00    2.06813%     1000.00000000       1.72344286     0.00000000   0.00000000    0.00000000
  X-1A                  0.00    1.47864%      993.93975636       1.22473546     0.00000000   0.00000000    0.00000000
  X-1B                  0.00    1.66699%      993.84443180       1.38060900     0.00000000   0.00000000    0.00000000
   X-2                  0.00    1.68968%      991.96309034       1.39675292     0.00000000   0.00000000    0.00000000
   X-B                  0.00    1.08549%     1000.00000000       0.90457143     0.00000000   0.00000000    0.00000000
   A-R                100.00    3.40027%        0.00000000       0.00000000     0.00000000   0.00000000    0.00000000
   B-1         12,600,000.00    2.18813%     1000.00000000       1.82344206     0.00000000   0.00000000    0.00000000
   B-2          8,400,000.00    2.18813%     1000.00000000       1.82344167     0.00000000   0.00000000    0.00000000
   B-3          4,725,000.00    2.78813%     1000.00000000       2.32344127     0.00000000   0.00000000    0.00000000
   B-4          2,625,000.00    3.38382%     1000.00000000       2.81985143     0.00000000   0.00000000    0.00000000
   B-5          2,100,000.00    3.38382%     1000.00000000       2.81984762     0.00000000   0.00000000    0.00000000
   B-6          3,685,162.00    3.38382%     1000.00000000       2.81984890     0.00000000   0.00000000    0.00000000
</TABLE>

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

   1A         0.00000000        1.48100374        0.00000000         989.06082579
  2A-1        0.00000000        1.46138158        0.00000000         988.65356779
  2A-2        0.00000000        1.72344286        0.00000000        1000.00000000
  X-1A        0.00000000        1.22474263        0.00000000         988.57893520
  X-1B        0.00000000        1.38061708        0.00000000         989.50180606
   X-2        0.00000000        1.39676114        0.00000000         988.85880041
   X-B        0.00000000        0.90464801        0.00000000        1000.00000000
   A-R        0.00000000        0.00000000        0.00000000           0.00000000
   B-1        0.00000000        1.82344127        0.00000000        1000.00000000
   B-2        0.00000000        1.82344167        0.00000000        1000.00000000
   B-3        0.00000000        2.32344127        0.00000000        1000.00000000
   B-4        0.00000000        2.81985143        0.00000000        1000.00000000
   B-5        0.00000000        2.81984762        0.00000000        1000.00000000
   B-6        0.00000000        2.81984890        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                              7,696,431.61
         Liquidations, Insurance Proceeds, Reserve Funds                         9.85
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                  35,295.51
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                         ------------
Total Deposits                                                           7,731,736.97

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            217,381.31
         Payment of Interest and Principal                               7,514,355.66
                                                                         ------------
Total Withdrawals (Pool Distribution Amount)                             7,731,736.97

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                                                     217,381.31
Supported Prepayment/Curtailment Interest Shortfall                           0.00
                                                                        ----------

Net Servicing Fee                                                       217,381.31
                                                                        ==========
</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         7.88          7.88       8,000.00
         Class X-B Basis Risk Reserve Fund             2,000.00         1.97          1.97       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         26      11,312,149.82   30 Days         0            0.00   30 Days         0            0.00
60 Days          2       1,255,500.00   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
            -------------------------               ---------------------               ---------------------
                28      12,567,649.82                   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     0.946487%     1.088902%     30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days     0.072807%     0.120854%     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%
            -------------------------               ---------------------               ---------------------
            1.019294%     1.209756%                 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        26       11,312,149.82
60 Days         0            0.00   60 Days         2        1,255,500.00
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                  28       12,567,649.82
</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     0.946487%     1.088902%
60 Days     0.000000%   0.000000%   60 Days     0.072807%     0.120854%
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%               1.019294%     1.209756%
</TABLE>


Current Period Class A Insufficient Funds:                    0.00
Principal Balance of Contaminated Properties                  0.00
Periodic Advance                                         35,295.51
<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%      1,038,858,236.49     100.00000000%        96.714166%           0.000000%
 Class 1A          227,635,162.00     21.67932736%        225,479,339.88      21.70453407%        78.295466%       2,382.818329%
Class 2-A-1         37,635,162.00      3.58426611%         37,635,162.00       3.62274280%        18.081791%         550.295258%
Class 2-A-2         34,135,162.00      3.25093604%         34,135,162.00       3.28583447%         0.336908%          10.253357%
 Class X-2          34,135,162.00      3.25093604%         34,135,162.00       3.28583447%         0.000000%           0.000000%
 Class B-1          21,535,162.00      2.05094776%         21,535,162.00       2.07296446%         1.212870%          36.912085%
 Class B-2          13,135,162.00      1.25095558%         13,135,162.00       1.26438445%         0.808580%          24.608057%
 Class B-3           8,410,162.00      0.80095998%          8,410,162.00       0.80955820%         0.454826%          13.842032%
 Class B-4           5,785,162.00      0.55096242%          5,785,162.00       0.55687694%         0.252681%           7.690018%
 Class B-5           3,685,162.00      0.35096438%          3,685,162.00       0.35473194%         0.202145%           6.152014%
 Class B-6                   0.00      0.00000000%                  0.00       0.00000000%         0.354732%          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%       163,046.00    0.01569473%
         Fraud    31,500,308.00    3.00000001%    31,500,308.00    3.03220467%
Special Hazard    11,240,000.00    1.07046573%    11,240,000.00    1.08195706%
</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         24      10,823,149.82   30 Days         0            0.00   30 Days         0           0.00
60 Days          1       1,000,000.00   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
            -------------------------               ---------------------               --------------------
                25      11,823,149.82                   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     1.103956%     1.286921%     30 Days     0.000000%   0.000000%   30 Days     0.000000%  0.000000%
60 Days     0.045998%     0.118905%     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%
            -------------------------               ---------------------               --------------------
            1.149954%     1.405826%                 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         24      10,823,149.82
60 Days         0            0.00   60 Days         1        1,000,000.00
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                   25      11,823,149.82
</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     1.103956%     1.286921%
60 Days     0.000000%   0.000000%   60 Days     0.045998%     0.118905%
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%               1.149954%     1.405826%
</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         2       489,000.00   30 Days         0            0.00   30 Days         0            0.00
60 Days         1       255,500.00   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
            ----------------------               ---------------------               ---------------------
                3       744,500.00                   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     0.349040%    0.247160%   30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days     0.174520%    0.129140%   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%
            ----------------------               ---------------------               ---------------------
            0.523560%    0.376300%               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 Day        0            0.00   0-29 Days       0             0.00
30 Days         0            0.00   30 Days         2       489,000.00
60 Days         0            0.00   60 Days         1       255,500.00
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+ Day        0            0.00   180+ Days       0             0.00
            ---------------------               ----------------------
                0            0.00                   3       744,500.00
</TABLE>

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

0-29 Day    0.000000%   0.000000%   0-29 Days   0.000000%   0.000000%
30 Days     0.000000%   0.000000%   30 Days     0.349040%   0.247160%
60 Days     0.000000%   0.000000%   60 Days     0.174520%   0.129140%
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+ Day    0.000000%   0.000000%   180+ Days   0.000000%   0.000000%
            ---------------------               ----------------------
            0.000000%   0.000000%               0.523560%   0.376300%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                                Mixed ARM
<S>                                                            <C>

Weighted Average Gross Coupon                                          3.633788%
Weighted Average Net Coupon                                            3.383788%
Weighted Average Pass-Through Rate                                     3.383788%
Weighted Average Maturity (Stepdown Calculation)                            296

Beginning Scheduled Collateral Loan Count                                 2,756
Number of Loans Paid in Full                                                  9
Ending Scheduled Collateral Loan Count                                    2,747

Beginning Scheduled Collateral Balance                         1,043,430,293.30
Ending Scheduled Collateral Balance                            1,038,858,236.44
Ending Actual Collateral Balance at 29-Nov-2002                1,038,858,236.44

Monthly P&I Constant                                               3,159,670.33
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                             7,418,089.80

Ending Scheduled Balance for Premium Loans                     1,038,858,236.44

Scheduled Principal                                                        0.00
Unscheduled Principal                                              4,572,056.81
</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             3.615118          3.713284            3.633788
Weighted Average Net Rate                3.365118          3.463284            3.383788
Pass-Through Rate                        3.365118          3.463284            3.383788
Weighted Average Maturity                     296               296                 296
Record Date                            11/29/2002        11/29/2002          11/29/2002
Principal and Interest Constant      2,545,592.16        614,078.17        3,159,670.33
Beginning Loan Count                        2,181               575               2,756
Loans Paid in Full                              7                 2                   9
Ending Loan Count                           2,174               573               2,747
Beginning Scheduled Balance        844,982,270.32    198,448,022.98    1,043,430,293.30
Ending Scheduled Balance           841,010,893.56    197,847,342.88    1,038,858,236.44
Scheduled Principal                          0.00              0.00                0.00
Unscheduled Principal                3,971,376.71        600,680.10        4,572,056.81
Scheduled Interest                   2,545,592.16        614,078.17        3,159,670.33
Servicing Fee                          176,037.98         41,343.33          217,381.31
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                         2,369,554.18        572,734.84        2,942,289.02
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>
<S>                                                               <C>
Group 1

One Month LIBOR Loans                                             401,668,891.01
Six Month LIBOR Loans                                             439,342,002.55
Pro Rata Senior Percentage                                            96.729873%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                       0.00000%


Group 2

Pro Rata Senior Percentage                                            96.722988%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
</TABLE>