<PAGE>
                                  EXHIBIT 10.1

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


                                SMT SERIES 2002-7
                         RECORD DATE: NOVEMBER 29, 2002
                      DISTRIBUTION DATE: DECEMBER 20, 2002

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY
<TABLE>
<CAPTION>
                              Certificate     Certificate       Beginning
                                 Class        Pass-Through     Certificate         Interest
   Class          CUSIP       Description       Rate             Balance         Distribution
<S>             <C>           <C>             <C>              <C>               <C>
     A          81743YAA5         SEN          1.72813%        524,224,546.59        754,940.14
    A-R         SMT0207AR         SEN          3.54110%                  0.00              0.00
    B-1         81743YAE7         SUB          2.13813%          8,080,000.00         14,396.74
    B-2         81743YAF4         SUB          3.30238%          5,771,000.00         15,881.70
    B-3         81743YAG2         SUB          3.30238%          3,463,000.00          9,530.12
    B-4         SMT0207B4         SUB          3.30238%          1,442,000.00          3,968.36
    B-5         SMT0207B5         SUB          3.30238%          1,154,000.00          3,175.79
    B-6         SMT0207B6         SUB          3.30238%          2,600,498.71          7,156.53
    X-1         81743YAC1         SEN          1.40564%                  0.00        107,325.02
    X-2         81743YAD9         SEN          1.60179%                  0.00        588,240.26

Totals                                                         546,735,045.30      1,504,614.66
</TABLE>


<TABLE>
<CAPTION>
                              Certificate                                               Ending
                                 Class             Principal         Current         Certificate         Total          Cumulative
   Class          CUSIP       Description        Distribution     Realized Loss        Balance        Distribution     Realized Loss
<S>             <C>           <C>            <C>                       <C>        <C>                 <C>              <C>
     A          81743YAA5         SEN        3,474,194.28              0.00       520,750,352.31      4,229,134.42        0.00
    A-R         SMT0207AR         SEN                0.00              0.00                 0.00              0.00        0.00
    B-1         81743YAE7         SUB                0.00              0.00         8,080,000.00         14,396.74        0.00
    B-2         81743YAF4         SUB                0.00              0.00         5,771,000.00         15,881.70        0.00
    B-3         81743YAG2         SUB                0.00              0.00         3,463,000.00          9,530.12        0.00
    B-4         SMT0207B4         SUB                0.00              0.00         1,442,000.00          3,968.36        0.00
    B-5         SMT0207B5         SUB                0.00              0.00         1,154,000.00          3,175.79        0.00
    B-6         SMT0207B6         SUB                0.00              0.00         2,600,498.71          7,156.53        0.00
    X-1         81743YAC1         SEN                0.00              0.00                 0.00        107,325.02        0.00
    X-2         81743YAD9         SEN                0.00              0.00                 0.00        588,240.26        0.00

Totals                                       3,474,194.28              0.00       543,260,851.02      4,978,808.94        0.00
</TABLE>

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


                        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>
     A        554,686,000.00    524,224,546.59        509.51     3,473,684.77         0.00          0.00
    A-R               100.00              0.00          0.00             0.00         0.00          0.00
    B-1         8,080,000.00      8,080,000.00          0.00             0.00         0.00          0.00
    B-2         5,771,000.00      5,771,000.00          0.00             0.00         0.00          0.00
    B-3         3,463,000.00      3,463,000.00          0.00             0.00         0.00          0.00
    B-4         1,442,000.00      1,442,000.00          0.00             0.00         0.00          0.00
    B-5         1,154,000.00      1,154,000.00          0.00             0.00         0.00          0.00
    B-6         2,600,498.71      2,600,498.71          0.00             0.00         0.00          0.00
    X-1                50.00              0.00          0.00             0.00         0.00          0.00
    X-2                50.00              0.00          0.00             0.00         0.00          0.00
Totals        577,196,698.71    546,735,045.30        509.51     3,473,684.77         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>
     A            3,474,194.28      520,750,352.31          0.93882008       3,474,194.28
    A-R                   0.00                0.00          0.00000000               0.00
    B-1                   0.00        8,080,000.00          1.00000000               0.00
    B-2                   0.00        5,771,000.00          1.00000000               0.00
    B-3                   0.00        3,463,000.00          1.00000000               0.00
    B-4                   0.00        1,442,000.00          1.00000000               0.00
    B-5                   0.00        1,154,000.00          1.00000000               0.00
    B-6                   0.00        2,600,498.71          1.00000000               0.00
    X-1                   0.00                0.00          0.00000000               0.00
    X-2                   0.00                0.00          0.00000000               0.00
Totals            3,474,194.28      543,260,851.02          0.94120575       3,474,194.28
</TABLE>

(1) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.
<PAGE>
                    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>
     A        554,686,000.00      945.08342844    0.00091856       6.26243455    0.00000000     0.00000000
    A-R               100.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-1         8,080,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-2         5,771,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-3         3,463,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-4         1,442,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-5         1,154,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    B-6         2,600,498.71     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    X-1                50.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000
    X-2                50.00        0.00000000    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>
     A            6.26335310        938.82007534          0.93882008         6.26335310
    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
    X-1           0.00000000          0.00000000          0.00000000         0.00000000
    X-2           0.00000000          0.00000000          0.00000000         0.00000000
</TABLE>


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


                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                                                                 Payment of
                                  Current         Beginning         Current        Unpaid       Current
             Original Face      Certificate      Certificate/       Accrued       Interest      Interest
  Class         Amount              Rate       Notional Balance    Interest      Shortfall     Shortfall
<S>          <C>                <C>            <C>                <C>             <C>           <C>
    A         554,686,000.00         1.72813%    524,224,546.59     754,940.14          0.00          0.00
   A-R                100.00         3.54110%              0.00           0.00          0.00          0.00
   B-1          8,080,000.00         2.13813%      8,080,000.00      14,396.74          0.00          0.00
   B-2          5,771,000.00         3.30238%      5,771,000.00      15,881.70          0.00          0.00
   B-3          3,463,000.00         3.30238%      3,463,000.00       9,530.12          0.00          0.00
   B-4          1,442,000.00         3.30238%      1,442,000.00       3,968.36          0.00          0.00
   B-5          1,154,000.00         3.30238%      1,154,000.00       3,175.79          0.00          0.00
   B-6          2,600,498.71         3.30238%      2,600,498.71       7,156.53          0.00          0.00
   X-1                 50.00         1.40564%     91,622,711.69     107,323.69          0.00          0.00
   X-2                 50.00         1.60179%    440,681,834.90     588,232.96          0.00          0.00

 Totals       577,196,698.71                                      1,504,606.03          0.00          0.00
</TABLE>

<TABLE>
<CAPTION>
                                                                  Remaining            Ending
             Non-Supported                                         Unpaid           Certificate/
              Interest          Realized       Total Interest     Interest          Notational
  Class       Shortfall          Loss (4)       Distribution      Shortfall           Balance
<S>          <C>                <C>         <C>                     <C>            <C>
    A              0.00           0.00         754,940.14            0.00          520,750,352.31
   A-R             0.00           0.00               0.00            0.00                    0.00
   B-1             0.00           0.00          14,396.74            0.00            8,080,000.00
   B-2             0.00           0.00          15,881.70            0.00            5,771,000.00
   B-3             0.00           0.00           9,530.12            0.00            3,463,000.00
   B-4             0.00           0.00           3,968.36            0.00            1,442,000.00
   B-5             0.00           0.00           3,175.79            0.00            1,154,000.00
   B-6             0.00           0.00           7,156.53            0.00            2,600,498.71
   X-1             0.00           0.00         107,325.02            0.00           91,010,144.65
   X-2             0.00           0.00         588,240.26            0.00          437,820,207.66

 Totals            0.00           0.00       1,504,614.66            0.00
</TABLE>

(4)   Amount does not include excess special hazard, bankruptcy, or fraud losses
      unless otherwise disclosed. Please refer to the prospectus supplement for
      a full description.
<PAGE>
                     INTEREST DISTRIBUTION FACTORS STATEMENT
<TABLE>
<CAPTION>
                                                                                Payment of
                              Current         Beginning           Current        Unpaid       Current
            Original Face   Certificate      Certificate/         Accrued        Interest     Interest
 Class (5)      Amount          Rate      Notional Balance        Interest       Shortfall    Shortfall
<S>         <C>             <C>           <C>                <C>                <C>          <C>
    A       554,686,000.00    1.72813%        945.08342844       1.36102252     0.00000000   0.00000000
   A-R              100.00    3.54110%          0.00000000       0.00000000     0.00000000   0.00000000
   B-1        8,080,000.00    2.13813%       1000.00000000       1.78177475     0.00000000   0.00000000
   B-2        5,771,000.00    3.30238%       1000.00000000       2.75198406     0.00000000   0.00000000
   B-3        3,463,000.00    3.30238%       1000.00000000       2.75198383     0.00000000   0.00000000
   B-4        1,442,000.00    3.30238%       1000.00000000       2.75198336     0.00000000   0.00000000
   B-5        1,154,000.00    3.30238%       1000.00000000       2.75198440     0.00000000   0.00000000
   B-6        2,600,498.71    3.30238%       1000.00000000       2.75198368     0.00000000   0.00000000
   X-1               50.00    1.40564%    1832454.23380000    2146.47380000     0.00000000   0.00000000
   X-2               50.00    1.60179%    8813636.69800000   11764.65920000     0.00000000   0.00000000
</TABLE>


<TABLE>
<CAPTION>
            Non-Supported                                    Remaining
              Interest                                        Unpaid
Class (5)     Shortfall      Realized      Total Interest    Interest      Ending Certificate/
                              Loss (6)       Distribution     Shortfall      Notational Balance
<S>           <C>          <C>             <C>              <C>            <C>
    A         0.00000000     0.00000000        1.36102252   0.00000000         938.82007534
   A-R        0.00000000     0.00000000        0.00000000   0.00000000           0.00000000
   B-1        0.00000000     0.00000000        1.78177475   0.00000000        1000.00000000
   B-2        0.00000000     0.00000000        2.75198406   0.00000000        1000.00000000
   B-3        0.00000000     0.00000000        2.75198383   0.00000000        1000.00000000
   B-4        0.00000000     0.00000000        2.75198336   0.00000000        1000.00000000
   B-5        0.00000000     0.00000000        2.75198440   0.00000000        1000.00000000
   B-6        0.00000000     0.00000000        2.75198368   0.00000000        1000.00000000
   X-1        0.00000000     0.00000000     2146.50040000   0.00000000     1820202.89300000
   X-2        0.00000000     0.00000000    11764.80520000   0.00000000     8756404.15320000
</TABLE>
(5)   Per $1 denomination

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


                       CERTIFICATEHOLDER ACCOUNT STATEMENT


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

Deposits
         Payments of Interest and Principal                              5,154,416.26
         Liquidations, Insurance Proceeds, Reserve Funds                         8.63
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                       0.00
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                  --------------------
                                                                         5,154,424.89
Total Deposits

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            175,615.95
         Payment of Interest and Principal                               4,978,808.94
                                                                  --------------------
                                                                         5,154,424.89
Total Withdrawals (Pool Distribution Amount)
Ending Balance                                                                   0.00
                                                                  ====================
</TABLE>
<PAGE>
                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<TABLE>
<CAPTION>
<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>
<CAPTION>

<S>                                                             <C>
Gross Servicing Fee                                                    171,059.83
Master Servicing Fee                                                     4,556.12
Supported Prepayment/Curtailment Interest Shortfall                          0.00
                                                                ------------------
Net Servicing Fee                                                      176,615.95
                                                                ==================
</TABLE>



<TABLE>
<CAPTION>
                                                 Beginning          Current          Current       Ending
                Account Type                      Balance         Withdrawals       Deposits       Balance
<S>                                              <C>              <C>               <C>           <C>
       Basis Risk Reserve Fund - X-1             1,512.90            1.33             1.31        1,512.88
       Basis Risk Reserve Fund - X-2             8,487.10            7.30             7.32        8,487.12
</TABLE>
<PAGE>
             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
<TABLE>
<CAPTION>
           DELINQUENT                          BANKRUPTCY

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

<S>          <C>       <C>         <C>         <C>       <C>
30 Days          0           0.00  30 Days         0           0.00
60 Days          0           0.00  60 Days         0           0.00
90 Days          0           0.00  90 Days         0           0.00
120 Days         0           0.00  120 Days        0           0.00
150 Days         0           0.00  150 Days        0           0.00
180+ Days        0           0.00  180+ Days       0           0.00
             -----          -----              -----          -----
                 0           0.00                  0           0.00
</TABLE>

<TABLE>
<CAPTION>
              FORECLOSURE                            REO                                TOTAL

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

 <S>         <C>        <C>         <C>         <C>         <C>         <C>         <C>         <C>
 30 Days         0            0.00  30 Days         0             0.00  30 Days         0             0.00
 60 Days         0            0.00  60 Days         0             0.00  60 Days         0             0.00
 90 Days         0            0.00  90 Days         0             0.00  90 Days         0             0.00
 120 Days        0            0.00  120 Days        0             0.00  120 Days        0             0.00
 150 Days        0            0.00  150 Days        0             0.00  150 Days        0             0.00
 180+ Days       0            0.00  180+ Days       0             0.00  180+ Days       0             0.00
             -----           -----              -----            -----              -----            -----
                 0            0.00                  0             0.00                  0             0.00
</TABLE>




<TABLE>
<CAPTION>
                    DELINQUENT                          BANKRUPTCY                          FORECLOSURE

                 No. of    Principal                 No. of    Principal                 No. of     Principal
                 Loans      Balance                  Loans      Balance                  Loans       Balance
<S>            <C>         <C>         <C>         <C>         <C>         <C>         <C>          <C>
30 Days        0.000000%   0.000000%   30 Days     0.000000%   0.000000%   30 Days     0.000000%    0.000000%
60 Days        0.000000%   0.000000%   60 Days     0.000000%   0.000000%   60 Days     0.000000%    0.000000%
90 Days        0.000000%   0.000000%   90 Days     0.000000%   0.000000%   90 Days     0.000000%    0.000000%
120 Days       0.000000%   0.000000%   120 Days    0.000000%   0.000000%   120 Days    0.000000%    0.000000%
150 Days       0.000000%   0.000000%   150 Days    0.000000%   0.000000%   150 Days    0.000000%    0.000000%
180+ Days      0.000000%   0.000000%   180+ Days   0.000000%   0.000000%   180+ Days   0.000000%    0.000000%
               --------    --------                --------    --------                --------     --------
               0.000000%   0.000000%               0.000000%   0.000000%               0.000000%    0.000000%
</TABLE>

<TABLE>
<CAPTION>
                    REO                                TOTAL

              No. of    Principal                 No. of    Principal
              Loans      Balance                  Loans      Balance
<S>         <C>         <C>         <C>         <C>         <C>
30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days     0.000000%   0.000000%   60 Days     0.000000%   0.000000%
90 Days     0.000000%   0.000000%   90 Days     0.000000%   0.000000%
120 Days    0.000000%   0.000000%   120 Days    0.000000%   0.000000%
150 Days    0.000000%   0.000000%   150 Days    0.000000%   0.000000%
180+ Days   0.000000%   0.000000%   180+ Days   0.000000%   0.000000%
            --------    --------                --------    --------
            0.000000%   0.000000%               0.000000%   0.000000%
</TABLE>


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

<TABLE>
<CAPTION>
                            Original $     Original %       Current $        Current %
<S>                        <C>             <C>             <C>               <C>
              Bankruptcy      100,261.00    0.01737033%       100,261.00      0.01845541%
                   Fraud   17,315,901.00    3.00000001%    17,315,901.00      3.18740085%
          Special Hazard    5,771,967.00    1.00000000%     5,432,608.51      1.00000000%
</TABLE>

Limit of subordinate's exposure to certain types of losses
<PAGE>
                           DELINQUENCY STATUS BY GROUP

                                 ONE-MONTH LIBOR

<TABLE>
<CAPTION>
             DELINQUENT                            BANKRUPTCY                          FORECLOSURE


                 No. of    Principal                 No. of    Principal                 No. of     Principal
                 Loans      Balance                  Loans      Balance                  Loans       Balance
<S>            <C>         <C>         <C>         <C>         <C>         <C>         <C>          <C>
30 Days            0             0.00  30 Days         0             0.00  30 Days         0              0.00
60 Days            0             0.00  60 Days         0             0.00  60 Days         0              0.00
90 Days            0             0.00  90 Days         0             0.00  90 Days         0              0.00
120 Days           0             0.00  120 Days        0             0.00  120 Days        0              0.00
150 Days           0             0.00  150 Days        0             0.00  150 Days        0              0.00
180+ Days          0             0.00  180+ Days       0             0.00  180+ Days       0              0.00
               -----            -----              -----            -----              -----             -----
                   0             0.00                  0             0.00                  0              0.00
</TABLE>

<TABLE>
<CAPTION>
                REO                                TOTAL


               No. of    Principal                 No. of    Principal
               Loans      Balance                  Loans      Balance
 <S>         <C>         <C>   <C>             <C>           <C>
 30 Days         0             0.00  30 Days         0             0.00
 60 Days         0             0.00  60 Days         0             0.00
 90 Days         0             0.00  90 Days         0             0.00
 120 Days        0             0.00  120 Days        0             0.00
 150 Days        0             0.00  150 Days        0             0.00
 180+ Days       0             0.00  180+ Days       0             0.00
             -----            -----              -----            -----
                 0             0.00                  0             0.00
</TABLE>


<TABLE>
<CAPTION>
             DELINQUENT                          BANKRUPTCY                          FORECLOSURE

                 No. of    Principal                 No. of    Principal                 No. of     Principal
                 Loans      Balance                  Loans      Balance                  Loans       Balance
<S>            <C>         <C>         <C>         <C>         <C>         <C>         <C>          <C>
30 Days        0.000000%   0.000000%   30 Days     0.000000%   0.000000%   30 Days     0.000000%    0.000000%
60 Days        0.000000%   0.000000%   60 Days     0.000000%   0.000000%   60 Days     0.000000%    0.000000%
90 Days        0.000000%   0.000000%   90 Days     0.000000%   0.000000%   90 Days     0.000000%    0.000000%
120 Days       0.000000%   0.000000%   120 Days    0.000000%   0.000000%   120 Days    0.000000%    0.000000%
150 Days       0.000000%   0.000000%   150 Days    0.000000%   0.000000%   150 Days    0.000000%    0.000000%
180+ Days      0.000000%   0.000000%   180+ Days   0.000000%   0.000000%   180+ Days   0.000000%    0.000000%
               --------    --------                --------    --------                --------     --------
               0.000000%   0.000000%               0.000000%   0.000000%               0.000000%    0.000000%


</TABLE>

<TABLE>
<CAPTION>
             REO                                TOTAL

               No. of    Principal                 No. of    Principal
               Loans      Balance                  Loans      Balance
 <S>         <C>         <C>         <C>         <C>         <C>
 30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
 60 Days     0.000000%   0.000000%   60 Days     0.000000%   0.000000%
 90 Days     0.000000%   0.000000%   90 Days     0.000000%   0.000000%
 120 Days    0.000000%   0.000000%   120 Days    0.000000%   0.000000%
 150 Days    0.000000%   0.000000%   150 Days    0.000000%   0.000000%
 180+ Days   0.000000%   0.000000%   180+ Days   0.000000%   0.000000%
             --------    --------                --------    --------
             0.000000%   0.000000%               0.000000%   0.000000%
</TABLE>

                                SIX-MONTH LIBOR

<TABLE>
<CAPTION>
             DELINQUENT                            BANKRUPTCY                          FORECLOSURE


                 No. of    Principal                 No. of    Principal                 No. of     Principal
                 Loans      Balance                  Loans      Balance                  Loans       Balance
<S>            <C>         <C>         <C>         <C>         <C>         <C>         <C>          <C>
30 Days            0             0.00  30 Days         0             0.00  30 Days         0              0.00
60 Days            0             0.00  60 Days         0             0.00  60 Days         0              0.00
90 Days            0             0.00  90 Days         0             0.00  90 Days         0              0.00
120 Days           0             0.00  120 Days        0             0.00  120 Days        0              0.00
150 Days           0             0.00  150 Days        0             0.00  150 Days        0              0.00
180+ Days          0             0.00  180+ Days       0             0.00  180+ Days       0              0.00
               -----            -----              -----            -----              -----             -----
                   0             0.00                  0             0.00                  0              0.00
</TABLE>




<TABLE>
<CAPTION>
                REO                                TOTAL


               No. of    Principal                 No. of    Principal
               Loans      Balance                  Loans      Balance
 <S>         <C>         <C>   <C>             <C>           <C>
 30 Days         0             0.00  30 Days         0             0.00
 60 Days         0             0.00  60 Days         0             0.00
 90 Days         0             0.00  90 Days         0             0.00
 120 Days        0             0.00  120 Days        0             0.00
 150 Days        0             0.00  150 Days        0             0.00
 180+ Days       0             0.00  180+ Days       0             0.00
             -----            -----              -----            -----
                 0             0.00                  0             0.00
</TABLE>

<TABLE>
<CAPTION>
             DELINQUENT                          BANKRUPTCY                          FORECLOSURE

                 No. of    Principal                 No. of    Principal                 No. of     Principal
                 Loans      Balance                  Loans      Balance                  Loans       Balance
<S>            <C>         <C>         <C>         <C>         <C>         <C>         <C>          <C>
30 Days        0.000000%   0.000000%   30 Days     0.000000%   0.000000%   30 Days     0.000000%    0.000000%
60 Days        0.000000%   0.000000%   60 Days     0.000000%   0.000000%   60 Days     0.000000%    0.000000%
90 Days        0.000000%   0.000000%   90 Days     0.000000%   0.000000%   90 Days     0.000000%    0.000000%
120 Days       0.000000%   0.000000%   120 Days    0.000000%   0.000000%   120 Days    0.000000%    0.000000%
150 Days       0.000000%   0.000000%   150 Days    0.000000%   0.000000%   150 Days    0.000000%    0.000000%
180+ Days      0.000000%   0.000000%   180+ Days   0.000000%   0.000000%   180+ Days   0.000000%    0.000000%
               --------    --------                --------    --------                --------     --------
               0.000000%   0.000000%               0.000000%   0.000000%               0.000000%    0.000000%
               --------    --------                --------    --------                --------     --------
</TABLE>



<TABLE>
<CAPTION>
             REO                                TOTAL

              No. of    Principal                 No. of    Principal
              Loans      Balance                  Loans      Balance
<S>         <C>         <C>         <C>         <C>         <C>
30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days     0.000000%   0.000000%   60 Days     0.000000%   0.000000%
90 Days     0.000000%   0.000000%   90 Days     0.000000%   0.000000%
120 Days    0.000000%   0.000000%   120 Days    0.000000%   0.000000%
150 Days    0.000000%   0.000000%   150 Days    0.000000%   0.000000%
180+ Days   0.000000%   0.000000%   180+ Days   0.000000%   0.000000%
            --------    --------                --------    --------
            0.000000%   0.000000%               0.000000%   0.000000%
            --------    --------                --------    --------
</TABLE>
<PAGE>
                                               COLLATERAL STATEMENT
<TABLE>
<CAPTION>
Collateral Description                                                                           Mixed Fixed & Arm
<S>                                                                                              <C>
Weighted Average Gross Coupon                                                                             3.687831%
Weighted Average Net Coupon                                                                               3.312381%
Weighted Average Pass-Through Rate                                                                        3.302381%
Weighted Average Maturity (Stepdown Calculation)                                                               353

Beginning Scheduled Collateral Loan Count                                                                    1,501
Number of Loans Paid in Full                                                                                    10
Ending Scheduled Collateral Loan Count                                                                       1,491

Beginning Scheduled Collateral Balance                                                              546,735,045.30
Ending Scheduled Collateral Balance                                                                 543,260,851.02
Ending Actual Collateral Balance at 29-Nov-2002                                                     543,257,594.49

Monthly P&I Constant                                                                                  1,680,731.51
Special Servicing Fee                                                                                         0.00
Prepayment Penalties                                                                                          0.00
Realization Loss Amount                                                                                       0.00
Cumulative Realized Loss                                                                                      0.00
Scheduled Principal                                                                                         509.51
Unscheduled Principal                                                                                 3,473,684.77
</TABLE>

                            MISCELLANEOUS REPORTING
<TABLE>
<CAPTION>
<S>                                                                 <C>
Pro Rata Senior Percent                                              95.882741%
Senior Percent                                                      100.000000%
Senior Prepay Percent                                               100.000000%
Subordinate Percent                                                   0.000000%
Subordinate Prepay Percent                                            0.000000%
Basis Risk Reserve Fund Income X-1                                        1.31
Basis Risk Reserve Fund Income X-2                                        7.32
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 GROUP                    ONE MONTH LIBOR      SIX MONTH LIBOR           TOTAL
<S>                                       <C>                <C>                    <C>
Collateral Description                            Monthly        6 Month Arm        Mixed Fixed & Arm
Weighted Average Coupon Rate                     3.524992           3.721687                 3.687831
Weighted Average Net Rate                        3.149992           3.346143                 3.312381
Pass-Through Rate                                3.139992           3.336143                 3.302381
Weighted Average Maturity                             313                314                      353
Record Date                                    11/29/2002         11/29/2002               11/29/2002
Principal and Interest Constant                276,439.85       1,404,291.66             1,680,731.51
Beginning Loan Count                                  236              1,265                    1,501
Loans Paid in Full                                      1                  9                       10
Ending Loan Count                                     325              1,256                    1,491
Beginning Scheduled Balance                 94,106,555.63     452,628,489.67           546,735,045.30
Ending Scheduled Balance                    93,493,590.94     449,767,260.08           543,260,851.02
Scheduled Principal                                  2.46             507.05                   509.51
Unscheduled Principal                          612,962.23       2,860,722.54             3,473,684.77
Scheduled Interest                             276,437.39       1,403,784.61             1,680,222.00
Servicing Fee                                   29,408.30         141,651.53               171,059.83
Master Servicing Fee                               784.22           3,771.90                 4,556.12
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                                   246,244.87       1,258,361.18             1,504,606.05
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>