<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 2002-9
                         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          81743SAA8         SEN               1.73813%   377,840,722.14        547,280.24     1,844,199.03              0.00
    2A          81743SAB6         SEN               3.61546%   162,932,009.95        490,894.57       681,024.10              0.00
   X-1A         81743SAC4          IO               1.37940%             0.00        232,316.13             0.00              0.00
   X-1B         81743SAD2          IO               1.60769%             0.00        235,448.00             0.00              0.00
    X-B         81743SAE0          IO               1.20574%             0.00          7,743.13             0.00              0.00
    A-R         81743SAF7         SEN               3.31527%             0.00              0.00             0.00              0.00
    B-1         81743SAG5         SUB               2.13813%     7,702,000.00         13,723.23             0.00              0.00
    B-2         81743SAH3         SUB               3.34387%     4,564,000.00         12,717.84             0.00              0.00
    B-3         81743SAJ9         SUB               3.34387%     3,424,000.00          9,541.17             0.00              0.00
    B-4         SMT0209B4         SUB               3.34387%     1,426,000.00          3,973.63             0.00              0.00
    B-5         SMR0209B5         SUB               3.34387%       856,000.00          2,385.29             0.00              0.00
    B-6         SMT0209B6         SUB               3.34387%     1,997,086.78          5,564.99             0.00              0.00
                                                               --------------      ------------     ------------             -----
Totals                                                         560,741,818.87      1,561,588.22     2,525,223.13              0.00
</TABLE>


<TABLE>
<CAPTION>
                              Certificate         Ending
                                 Class          Certificate         Total          Cumulative
   Class          CUSIP       Description         Balance        Distribution     Realized Loss
<S>             <C>           <C>              <C>               <C>              <C>
    1A          81743SAA8         SEN          375,996,523.11      2,391,479.27             0.00
    2A          81743SAB6         SEN          162,250,985.85      1,171,918.67             0.00
   X-1A         81743SAC4          IO                    0.00        232,316.13             0.00
   X-1B         81743SAD2          IO                    0.00         235,448.0             0.00
    X-B         81743SAE0          IO                    0.00          7,743.13             0.00
    A-R         81743SAF7         SEN                    0.00              0.00             0.00
    B-1         81743SAG5         SUB            7,702,000.00         13,723.23             0.00
    B-2         81743SAH3         SUB            4,564,000.00         12,717.84             0.00
    B-3         81743SAJ9         SUB            3,424,000.00          9,541.17             0.00
    B-4         SMT0209B4         SUB            1,426,000.00          3,973.63             0.00
    B-5         SMR0209B5         SUB              856,000.00          2,385.29             0.00
    B-6         SMT0209B6         SUB            1,997,086.78          5,564.99             0.00
                                               --------------      ------------             ----
Totals                                         558,216,595.74      4,086,811.35             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        381,698,000.00    377,840,772.14          0.00     1,844,199.03      0.00        0.00
    2A        168,875,000.00    162,932,009.95          0.00       681,024.10      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-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         7,702,000.00      7,702,000.00          0.00             0.00      0.00        0.00
    B-2         4,564,000.00      4,564,000.00          0.00             0.00      0.00        0.00
    B-3         3,424,000.00      3,424,000.00          0.00             0.00      0.00        0.00
    B-4         1,426,000.00      1,426,000.00          0.00             0.00      0.00        0.00
    B-5           856,000.00        856,000.00          0.00             0.00      0.00        0.00
    B-6         1,997,086.78      1,997,086.78          0.00             0.00      0.00        0.00
              --------------    --------------          ----     ------------      ----        ----
Totals        570,533,186.78    560,741,818.87          0.00     2,525,223.13      0.00        0.00
</TABLE>

<TABLE>
<CAPTION>
                                       Ending              Ending
               Total Principal      Certificate         Certificate       Total Principal
   Class          Reduction           Balance            Percentage        Distribution
<S>            <C>                 <C>                  <C>               <C>
    1A           1,844,199.03      375,996.523.11         0.98508609       1,844,199.03
    2A             681,024.10      162,250,985.85         0.96077564         681,024.10
   X-1A                  0.00                0.00         0.00000000               0.00
   X-1B                  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        7,702,000.00         1.00000000               0.00
    B-2                  0.00        4,564,000.00         1.00000000               0.00
    B-3                  0.00        3,424,000.00         1.00000000               0.00
    B-4                  0.00        1,426,000.00         1.00000000               0.00
    B-5                  0.00          856,000.00         1.00000000               0.00
    B-6                  0.00        1,997,086.78         1.00000000               0.00
                 ------------      --------------         ----------       ------------
Totals           2,525,223.13      558,216,595.74         0.97841214       2,525,223.13
</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
   Class         Amount           Balance       Distribution      Distribution   Accretion        Loss (3)
<S>           <C>               <C>             <C>               <C>            <C>            <C>
    1A        381,698,000.00      989.91776588    0.00000000       4.83167980    0.00000000     0.00000000
    2A        168,875,000.00      964.80834907    0.00000000       4.03271118    0.00000000     0.00000000
   X-1A                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000
   X-1B                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    X-B                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    A-R               100.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-1         7,702,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-2         4,564,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-3         3,424,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-4         1,426,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-5           856,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-6         1,997,086.78     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000

</TABLE>


<TABLE>
<CAPTION>
                   Total             Ending                 Ending
                 Principal         Certificate           Certificate       Total Principal
   Class         Reduction           Balance              Percentage        Distribution
<S>              <C>               <C>                   <C>               <C>
    1A            4.83167980        985.08608608          0.98508609         4.83167980
    2A            4.03271118        960.77563790          0.96077564         4.03271118
   X-1A           0.00000000          0.00000000          0.00000000         0.00000000
   X-1B           0.00000000          0.00000000          0.00000000         0.00000000
    X-B           0.00000000          0.00000000          0.00000000         0.00000000
    A-R           0.00000000          0.00000000          0.00000000         0.00000000
    B-1           0.00000000       1000.00000000          1.00000000         0.00000000
    B-2           0.00000000       1000.00000000          1.00000000         0.00000000
    B-3           0.00000000       1000.00000000          1.00000000         0.00000000
    B-4           0.00000000       1000.00000000          1.00000000         0.00000000
    B-5           0.00000000       1000.00000000          1.00000000         0.00000000
    B-6           0.00000000       1000.00000000          1.00000000         0.00000000

</TABLE>

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

<TABLE>
<CAPTION>

                                                                                  Payment of
                                    Current        Beginning         Current        Unpaid
             Original Face         Certificate    Certificate/       Accrued       Interest
  Class         Amount                Rate      Notional Balance    Interest      Shortfall
<S>           <C>                    <C>         <C>              <C>             <C>
   1A         381,698,000.00         1.73813%    377,840,722.14     547,280.25          0.00
   2A         168,875,000.00         3.61546%    162,932,009.95     490,894.57          0.00
  X-1A                  0.00         1.37940%    202,100,760.47     232,313.99          0.00
  X-1B                  0.00         1.60769%    175,739,961.67     235,445.84          0.00
   X-B                  0.00         1.20574%      7,702,000.00       7,738.82          0.00
   A-R                100.00         3.31527%              0.00           0.00          0.00
   B-1          7,702,000.00         2.13813%      7,702,000.00      13,723.23          0.00
   B-2          4,564,000.00         3.34387%      4,564,000.00      12,717.84          0.00
   B-3          3,424,000.00         3.34387%      3,424,000.00       9,541.17          0.00
   B-4          1,426,000.00         3.34387%      1,426,000.00       3,973.63          0.00
   B-5            856,000.00         3.34387%        856,000.00       2,385.29          0.00
   B-6          1,997,086.78         3.34387%      1,997,086.78       5,564.99          0.00
              --------------                                      ------------          ----
 Totals       570,533,186.78                                      1,561,579.62          0.00
</TABLE>



<TABLE>
<CAPTION>

                                                                      Remaining         Ending
             Current     Non-Supported                                  Unpaid       Certificate/
            Interest       Interest     Realized     Total Interest     Interest       Notational
  Class     Shortfall     Shortfall       Loss (4)   Distribution     Shortfall         Balance
<S>         <C>          <C>            <C>          <C>              <C>           <C>
   1A           0.00         0.00         0.00         547,280.24          0.00     375,996,523.11
   2A           0.00         0.00         0.00         490,894.57          0.00     162,250,985.85
  X-1A          0.00         0.00         0.00         232,316.13          0.00     201,271,258.54
  X-1B          0.00         0.00         0.00         235,448.00          0.00     174,725,264.57
   X-B          0.00         0.00         0.00           7,743.13          0.00       7,702,000.00
   A-R          0.00         0.00         0.00               0.00          0.00               0.00
   B-1          0.00         0.00         0.00          13,723.23          0.00       7,702,000.00
   B-2          0.00         0.00         0.00          12,717.84          0.00       4,564,000.00
   B-3          0.00         0.00         0.00           9,541.17          0.00       3,424,000.00
   B-4          0.00         0.00         0.00           3,973.63          0.00       1,426,000.00
   B-5          0.00         0.00         0.00           2,385.29          0.00         856,000.00
   B-6          0.00         0.00         0.00           5,564.99          0.00       1,997,086.78
                ----         ----         ----       ------------          ----
 Totals         0.00         0.00         0.00       1,561,588.22          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.
<TABLE>
<CAPTION>
                     INTEREST DISTRIBUTION FACTORS STATEMENT


                                                                                Payment of
                               Current         Beginning          Current        Unpaid       Current
            Original Face    Certificate      Certificate/         Accrued      Interest      Interest
Class (5)       Amount          Rate        Notional Balance      Interest      Shortfall     Shortfall
<S>         <C>              <C>            <C>                  <C>            <C>          <C>
   1A        381,698,000.00    1.73813%       989.91776588       1.43383815     0.00000000   0.00000000
   2A        168,875,000.00    3.61546%       964.80834907       2.90685164     0.00000000   0.00000000
  X-1A                 0.00    1.37940%       991.82549440       1.14009931     0.00000000   0.00000000
  X-1B                 0.00    1.60769%       987.73293281       1.32330523     0.00000000   0.00000000
   X-B                 0.00    1.20574%      1000.00000000       1.00478058     0.00000000   0.00000000
   A-R               100.00    3.31527%         0.00000000       0.00000000     0.00000000   0.00000000
   B-1         7,702,000.00    2.13813%      1000.00000000       1.78177486     0.00000000   0.00000000
   B-2         4,564,000.00    3.34387%      1000.00000000       2.78655565     0.00000000   0.00000000
   B-3         3,424,000.00    3.34387%      1000.00000000       2.78655666     0.00000000   0.00000000
   B-4         1,426,000.00    3.34387%      1000.00000000       2.78655680     0.00000000   0.00000000
   B-5           856,000.00    3.34387%      1000.00000000       2.78655374     0.00000000   0.00000000
   B-6         1,997,086.78    3.34387%      1000.00000000       2.78655392     0.00000000   0.00000000

</TABLE>




<TABLE>
<CAPTION>
                     INTEREST DISTRIBUTION FACTORS STATEMENT

                                                                Remaining
               Non-Supported                                    Unpaid
                 Interest      Realized        Total Interest    Interest          Ending Certificate/
Class (5)        Shortfall      Loss (6)        Distribution     Shortfall          Notational Balance
<S>             <C>            <C>               <C>              <C>               <C>
   1A           0.00000000     0.00000000        1.43383812       0.00000000           985.08608608
   2A           0.00000000     0.00000000        2.90685164       0.00000000           960.77563790
  X-1A          0.00000000     0.00000000        1.14010981       0.00000000           987.75464796
  X-1B          0.00000000     0.00000000        1.32331737       0.00000000           982.02990583
   X-B          0.00000000     0.00000000        1.00534017       0.00000000          1000.00000000
   A-R          0.00000000     0.00000000        0.00000000       0.00000000             0.00000000
   B-1          0.00000000     0.00000000        1.78177486       0.00000000          1000.00000000
   B-2          0.00000000     0.00000000        2.78655565       0.00000000          1000.00000000
   B-3          0.00000000     0.00000000        2.78655666       0.00000000          1000.00000000
   B-4          0.00000000     0.00000000        2.78655680       0.00000000          1000.00000000
   B-5          0.00000000     0.00000000        2.78655374       0.00000000          1000.00000000
   B-6          0.00000000     0.00000000        2.78655392       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                              4,255,916.52
         Liquidations, Insurance Proceeds, Reserve Funds                         0.00
         Proceeds from Repurchased Loans                                         8.62
         Other Amounts (Servicer Advances)                                  10,542.36
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                         ------------
Total Deposits                                                           4,266,467.50

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            179,656.15
         Payment of Interest and Principal                               4,086,811.35
                                                                         ------------
Total Withdrawals (Pool Distribution Amount)                             4,266,467.50

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                                                     175,450.57
Master Servicing Fee                                                      4,205.58
Supported Prepayment/Curtailment Interest Shortfall                           0.00
                                                                        ----------
Net Servicing Fee                                                       179,656.15
                                                                        ==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                 Beginning          Current          Current       Ending
                Account Type                      Balance         Withdrawals       Deposits       Balance
<S>                                              <C>                 <C>            <C>           <C>
        X-1 Basis Risk Reserve Fund              5,000.00            4.31             4.31        5,000.00
        X-2 Basis Risk Reserve Fund              5,000.00            4.31             4.31        5,000.00
</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            14     3,769,163.25      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

                 -----   -------------                   -----       -------                 -----       -------
                   14     3,769,163.25                     0           0.00                    0          0.00
</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          14          3,769,163.25
  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                         14          3,769,163.25
</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        0.935204%    0.675221%   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%
               -------      --------               --------     --------               --------     --------
               0.935204%    0.675221%              0.000000%    0.000000%              0.000000%    0.000000%
</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    0.935204%     0.675221%
   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%              0.935204%     0.675221%
</TABLE>



<TABLE>
<S>                             <C>       <C>                          <C>            <C>                                  <C>
Current Period Class                      Principal Balance of
A Insufficient Funds:           0.00      Contaminated Properties      0.00           Periodic Advance                     10,542.36
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                      Original $      Original %       Current $        Current %        Current Class %     Prepayment %
                      ----------      ----------       ---------        ---------        ---------------     ------------
<S>                 <C>               <C>             <C>               <C>              <C>                <C>
       Class A      570,533,086.78    99.99998247%    558,216,595.74    100.00000000%        96.422699%         0.000000%
       Class 1A     188,844,086.78    33.09957968%    182,220,072.63     32.64325604%        67.356744%     1,882.892930%
       Class 2A      19,969,086.78     3.50007453%     19,969,086.78      3.57730081%        29.065955%       812.510795%
      Class B-1      12,267,086.78     2.15010924%     12,267,086.78      2.19754964%         1.379751%        38.569616%
      Class B-2       7,703,086.78     1.35015578%      7,703,086.78      1.37994586%         0.817604%        22.855327%
      Class B-3       4,279,086.78     0.75001540%      4,279,086.78      0.76656388%         0.613382%        17.146503%
      Class B-4       2,853,086.78     0.50007376%      2,853,086.78      0.51110748%         0.255456%         7.141038%
      Class B-5       1,997,086.78     0.35003867%      1,997,086.78      0.35776199%         0.153345%         4.286626%
      Class B-6               0.00     0.00000000%              0.00      0.00000000%         0.357762%        10.000892%
</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       100,000.00        0.01752746%          100,000.00         0.01791419%
                   Fraud    17,115,996.00        3.00000007%       17,115,996.00         3.06619261%
          Special Hazard     6,000,000.00        1.05164785%        5,999,500.00         1.07476203%
</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            6      2,014,382.49      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
                ----      ------------                    ----          -----                  -----        ------
                   6      2,014,382.49                     0             0.00                    0            0.00
</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         6      2,014,382.49
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                      6      2,014,382.49
</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        0.591716%    0.516720%   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%
               --------     --------               ---------   --------                --------     --------
               0.591716%    0.516720%              0.000000%   0.000000%               0.000000%    0.000000%
</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     0.591716%    0.516720%
  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%               0.591716%    0.516720%
</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           8       1,754,780.76     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
                ----      ------------                    ----       -----                  -----        ------
                  8       1,754,780.76                     0          0.00                     0          0.00
</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       8       1,754,780.76
  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                      8       1,754,780.76
</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       1.656315%    1.042207%    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%
              --------     --------                 ---------   --------                --------    --------
              1.656315%    1.042207%                0.000000%   0.000000%               0.000000%   0.000000%
</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     1.656315%    1.042207%
   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%               1.656315%    1.042207%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT
<TABLE>
<CAPTION>

Collateral Description                                                                                   Mixed Arm

<S>                                                                                                 <C>
Weighted Average Gross Coupon                                                                            3.726283%
Weighted Average Net Coupon                                                                              3.350815%
Weighted Average Pass-Through Rate                                                                       3.341815%
Weighted Average Maturity (Stepdown Calculation)                                                               329

Beginning Scheduled Collateral Loan Count                                                                    1,502
Number of Loans Paid in Full                                                                                     5
Ending Scheduled Collateral Loan Count                                                                       1,497

Beginning Scheduled Collateral Balance                                                              560,741,818.88
Ending Scheduled Collateral Balance                                                                 558,216,595.75
Ending Actual Collateral Balance at 29-Nov-2002                                                     558,211,802.20

Monthly P&I Constant                                                                                  1,741,235.73
Special Servicing Fee                                                                                         0.00
Prepayment Penalties                                                                                          0.00
Realization Loss Amount                                                                                       0.00
Cumulative Realized Loss                                                                                      0.00

Class A Optimal Amount                                                                                4,031,157.76

Ending Scheduled Balance for Premium Loans                                                          558,216,595.75

Scheduled Principal                                                                                           0.00
Unscheduled Principal                                                                                 2,525,223.13
</TABLE>

                            MISCELLANEOUS REPORTING
<TABLE>
<CAPTION>
<S>                                                                 <C>
Pro Rata Senior Percent                                              96.438809%
Senior Percentage                                                   100.000000%
Senior Prepay Percentage                                            100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%
</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                     3.608378           3.999456                 3.726283
Weighted Average Net Rate                        3.232708           3.624456                 3.350815
Pass-Through Rate                                3.223708           3.615456                 3.341815
Weighted Average Maturity                             313                355                      329
Record Date                                    11/29/2002         11/29/2002               11/29/2002
Principal and Interest Constant              1,177,789.03         563,446.70             1,741,235.73
Beginning Loan Count                                1,018                484                    1,502
Loans Paid in Full                                      4                  1                        5
Ending Loan Count                                   1,014                483                    1,497
Beginning Scheduled Balance                391,684,808.93     169,057,009.95           560,741,818.88
Ending Scheduled Balance                   389,840,609.90     168,375,985.85           558,216,595.75
Scheduled Principal                                  0.00               0.00                     0.00
Unscheduled Principal                        1,844,199.03         681,024.10             2,525,223.13
Scheduled Interest                           1,177,789.03         563,446.70             1,741,235.73
Servicing Fee                                  122,620.26          52,830.31               175,450.57
Master Servicing Fee                             2,937.65           1,267.93                 4,205.58
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                                 1,052,231.12          509,348.46            1,561,579.58
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>




                            MISCELLANEOUS REPORTING
<TABLE>
<CAPTION>
Group 1

<S>                                                              <C>
One Month LIBOR Loans                                            208,682,009.97
Six Month LIBOR Loans                                            181,158,599.93
</TABLE>