<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: DECEMBER 31, 2002
                      DISTRIBUTION DATE: JANUARY 21, 2003

                     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             1.82000%     813,378,896.61     1,233,624.66     4,060,966.04              0.00
  2A-1     81743VAB9       SEN             1.80000%     187,844,177.88       281,766.27       876,457.01              0.00
  2A-2     81743VAN3       SEN             2.10000%       3,500,000.00         6,125.00             0.00              0.00
  X-1A     81743VAC7        IO             1.32160%               0.00       427,839.77             0.00              0.00
  X-1B     81743VAD5        IO             1.63716%               0.00       579,703.48             0.00              0.00
   X-2     81743VAP8        IO             1.66007%               0.00       264,705.06             0.00              0.00
   X-B     81743VAE3        IO             1.00656%               0.00        21,579.92             0.00              0.00
   A-R     81743VAF0       SEN             3.39986%               0.00             0.00             0.00              0.00
   B-1     81743VAG8       SUB             2.22000%      12,600,000.00        23,310.00             0.00              0.00
   B-2     81743VAH6       SUB             2.22000%       8,400,000.00        15,540.00             0.00              0.00
   B-3     81743VAJ2       SUB             2.82000%       4,725,000.00        11,103.75             0.00              0.00
   B-4     SMT0210B4       SUB             3.33676%       2,625,000.00         7,299.16             0.00              0.00
   B-5     SMT0210B5       SUB             3.33676%       2,100,000.00         5,839.33             0.00              0.00
   B-6     SMT0210B6       SUB             3.33676%       3,685,162.00        10,247.08             0.00              0.00
---------------------------------------------------------------------------------------------------------------------------
Totals                                                1,038,858,236.49     2,888,683.48     4,937,423.05              0.00
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------
     Ending
   Certificate         Total         Cumulative
     Balance        Distribution    Realized Loss
-------------------------------------------------
<S>                 <C>             <C>
  809,317,930.57    5,294,590.70             0.00
  186,967,720.87    1,158,223.28             0.00
    3,500,000.00        6,125.00             0.00
            0.00      427,839.77             0.00
            0.00      579,703.48             0.00
            0.00      264,705.06             0.00
            0.00       21,579.92             0.00
            0.00            0.00             0.00
   12,600,000.00       23,310.00             0.00
    8,400,000.00       15,540.00             0.00
    4,725,000.00       11,103.75             0.00
    2,625,000.00        7,299.16             0.00
    2,100,000.00        5,839.33             0.00
    3,685,162.00       10,247.08             0.00
-------------------------------------------------
1,033,920,813.44    7,826,106.53             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                                     Total
             Original Face        Certificate     Principal       Principal                      Realized      Principal
  Class          Amount             Balance      Distribution    Distribution     Accretion      Loss (1)      Reduction
---------------------------------------------------------------------------------------------------------------------------
<S>         <C>                <C>               <C>             <C>              <C>            <C>          <C>
   1A         822,375,000.00     813,378,896.61          0.00     4,060,966.04         0.00          0.00     4,060,966.04
  2A-1        190,000,000.00     187,844,177.88          0.00       876,457.01         0.00          0.00       876,457.01
  2A-2          3,500,000.00       3,500,000.00          0.00             0.00         0.00          0.00             0.00
  X-1A                  0.00               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             0.00
   X-2                  0.00               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             0.00
   A-R                100.00               0.00          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             0.00
   B-2          8,400,000.00       8,400,000.00          0.00             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             0.00
   B-4          2,625,000.00       2,625,000.00          0.00             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             0.00
   B-6          3,685,162.00       3,685,162.00          0.00             0.00         0.00          0.00             0.00
            ---------------------------------------------------------------------------------------------------------------
Totals      1,050,010,262.00   1,038,858,236.49          0.00     4,937,423.05         0.00          0.00     4,937,423.05
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------
     Ending            Ending
   Certificate       Certificate    Total Principal
     Balance          Percentage      Distribution
----------------------------------------------------
<S>                  <C>            <C>
  809,317,930.57      0.98412273       4,060,966.04
  186,967,720.87      0.98404064         876,457.01
    3,500,000.00      1.00000000               0.00
            0.00      0.00000000               0.00
            0.00      0.00000000               0.00
            0.00      0.00000000               0.00
            0.00      0.00000000               0.00
            0.00      0.00000000               0.00
   12,600,000.00      1.00000000               0.00
    8,400,000.00      1.00000000               0.00
    4,725,000.00      1.00000000               0.00
    2,625,000.00      1.00000000               0.00
    2,100,000.00      1.00000000               0.00
    3,685,162.00      1.00000000               0.00
----------------------------------------------------
1,033,920,813.44      0.98467687       4,937,423.05
----------------------------------------------------
</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                                Total Principal
           Original Face      Certificate    Principal       Principal                     Realized       Reduction
 Class         Amount           Balance     Distribution    Distribution     Accretion     Loss (3)
-----------------------------------------------------------------------------------------------------------------------
<S>        <C>               <C>            <C>             <C>             <C>           <C>          <C>
  1A       822,375,000.00     989.06082579    0.00000000      4.93809520    0.00000000    0.00000000        4.93809520
 2A-1      190,000,000.00     988.65356779    0.00000000      4.61293163    0.00000000    0.00000000        4.61293163
 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
  Balance        Percentage       Distribution
------------------------------------------------
<S>              <C>            <C>
 984.12273059     0.98412273         4.93809520
 984.04063616     0.98404064         4.61293163
1000.00000000     1.00000000         0.00000000
   0.00000000     0.00000000         0.00000000
   0.00000000     0.00000000         0.00000000
   0.00000000     0.00000000         0.00000000
   0.00000000     0.00000000         0.00000000
   0.00000000     0.00000000         0.00000000
1000.00000000     1.00000000         0.00000000
1000.00000000     1.00000000         0.00000000
1000.00000000     1.00000000         0.00000000
1000.00000000     1.00000000         0.00000000
1000.00000000     1.00000000         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                      Non-
                                  Current       Beginning         Current        Unpaid        Current      Supported
              Original Face     Certificate    Certificate/       Accrued       Interest       Interest     Interest      Realized
  Class          Amount             Rate     Notional Balance     Interest      Shortfall      Shortfall    Shortfall     Loss (4)
-----------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                 <C>          <C>                <C>            <C>             <C>          <C>           <C>
   1A         822,375,000.00       1.82000%    813,378,896.61   1,233,624.66          0.00          0.00         0.00         0.00
  2A-1        190,000,000.00       1.80000%    187,844,177.88     281,766.27          0.00          0.00         0.00         0.00
  2A-2          3,500,000.00       2.10000%      3,500,000.00       6,125.00          0.00          0.00         0.00         0.00
  X-1A                  0.00       1.32160%    388,471,780.66     427,837.22          0.00          0.00         0.00         0.00
  X-1B                  0.00       1.63716%    424,907,115.95     579,700.02          0.00          0.00         0.00         0.00
   X-2                  0.00       1.66007%    191,344,177.88     264,703.47          0.00          0.00         0.00         0.00
   X-B                  0.00       1.00656%     25,725,000.00      21,578.02          0.00          0.00         0.00         0.00
   A-R                100.00       3.39986%              0.00           0.00          0.00          0.00         0.00         0.00
   B-1         12,600,000.00       2.22000%     12,600,000.00      23,310.00          0.00          0.00         0.00         0.00
   B-2          8,400,000.00       2.22000%      8,400,000.00      15,540.00          0.00          0.00         0.00         0.00
   B-3          4,725,000.00       2.82000%      4,725,000.00      11,103.75          0.00          0.00         0.00         0.00
   B-4          2,625,000.00       3.33676%      2,625,000.00       7,299.16          0.00          0.00         0.00         0.00
   B-5          2,100,000.00       3.33676%      2,100,000.00       5,839.33          0.00          0.00         0.00         0.00
   B-6          3,685,162.00       3.33676%      3,685,162.00      10,247.08          0.00          0.00         0.00         0.00
-----------------------------------------------------------------------------------------------------------------------------------
 Totals     1,050,010,262.00                                    2,888,673.98          0.00          0.00         0.00         0.00
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------
                   Remaining         Ending
                    Unpaid        Certificate/
Total Interest     Interest        Notational
 Distribution      Shortfall         Balance
------------------------------------------------
<S>                <C>           <C>
  1,233,624.66          0.00     808,317,930.57
    281,766.27          0.00     186,967,720.87
      6,125.00          0.00       3,500,000.00
    427,839.77          0.00     387,747,033.87
    579,703.48          0.00     421,570,896.70
    264,705.06          0.00     190,467,720.87
     21,579.92          0.00      25,725,000.00
          0.00          0.00               0.00
     23,310.00          0.00      12,600,000.00
     15,540.00          0.00       8,400,000.00
     11,103.75          0.00       4,725,000.00
      7,299.16          0.00       2,625,000.00
      5,839.33          0.00       2,100,000.00
     10,247.08          0.00       3,685,162.00
------------------------------------------------
  2,888,683.48          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                    Non-
                              Current        Beginning         Current         Unpaid      Current      Supported
            Original Face   Certificate     Certificate/       Accrued        Interest    Interest      Interest        Realized
Class (5)       Amount         Rate       Notional Balance     Interest       Shortfall   Shortfall     Shortfall       Loss (6)
----------------------------------------------------------------------------------------------------------------------------------
<S>         <C>             <C>           <C>                 <C>            <C>          <C>           <C>            <C>
   1A       822,375,000.00    1.82000%       989.06082579     1.50007559     0.00000000   0.00000000    0.00000000     0.00000000
  2A-1      190,000,000.00    1.80000%       988.65356779     1.48298037     0.00000000   0.00000000    0.00000000     0.00000000
  2A-2        3,500,000.00    2.10000%      1000.00000000     1.75000000     0.00000000   0.00000000    0.00000000     0.00000000
  X-1A                0.00    1.32160%       988.57893520     1.08875569     0.00000000   0.00000000    0.00000000     0.00000000
  X-1B                0.00    1.63716%       989.50180606     1.34997555     0.00000000   0.00000000    0.00000000     0.00000000
   X-2                0.00    1.66007%       988.85880041     1.36797659     0.00000000   0.00000000    0.00000000     0.00000000
   X-B                0.00    1.00656%      1000.00000000     0.83879572     0.00000000   0.00000000    0.00000000     0.00000000
   A-R              100.00    3.39986%         0.00000000     0.00000000     0.00000000   0.00000000    0.00000000     0.00000000
   B-1       12,600,000.00    2.22000%      1000.00000000     1.85000000     0.00000000   0.00000000    0.00000000     0.00000000
   B-2        8,400,000.00    2.22000%      1000.00000000     1.85000000     0.00000000   0.00000000    0.00000000     0.00000000
   B-3        4,725,000.00    2.82000%      1000.00000000      2.3500000     0.00000000   0.00000000    0.00000000     0.00000000
   B-4        2,625,000.00    3.33676%      1000.00000000     2.78063238     0.00000000   0.00000000    0.00000000     0.00000000
   B-5        2,100,000.00    3.33676%      1000.00000000     2.78063333     0.00000000   0.00000000    0.00000000     0.00000000
   B-6        3,685,162.00    3.33676%      1000.00000000     2.78063217     0.00000000   0.00000000    0.00000000     0.00000000
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------
                  Remaining
                   Unpaid
Total Interest    Interest    Ending Certificate/
 Distribution     Shortfall   Notational Balance
--------------------------------------------------
<S>              <C>          <C>
    1.50007559   0.00000000          984.12273059
    1.48298037   0.00000000          984.04063616
    1.75000000   0.00000000         1000.00000000
    1.08876218   0.00000000          986.73460713
    1.34998361   0.00000000          981.73259051
    1.36798481   0.00000000          984.32930682
    0.83886958   0.00000000         1000.00000000
    0.00000000   0.00000000            0.00000000
    1.85000000   0.00000000         1000.00000000
    1.85000000   0.00000000         1000.00000000
    2.35000000   0.00000000         1000.00000000
    2.78063238   0.00000000         1000.00000000
    2.78063333   0.00000000         1000.00000000
    2.78063217   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>
<S>                                                               <C>
Beginning Balance                                                           0.00

Deposits
         Payments of Interest and Principal                         8,018,579.50
         Liquidations, Insurance Proceeds, Reserve Funds                    9.51
         Proceeds from Repurchased Loans                                    0.00
         Other Amounts (Servicer Advances)                             23,946.32
         Realized Losses                                                    0.00
         Prepayment Penalties                                               0.00
                                                                  --------------
Total Deposits                                                      8,042,535.33

Withdrawals
         Reimbursement for Servicer Advances                                0.00
         Payment of Service Fee                                       216,428.80
         Payment of Interest and Principal                          7,826,106.53
                                                                  --------------
Total Withdrawals (Pool Distribution Amount)                        8,042,535.33

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                                                   216,428.80
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                  --------------
Net Servicing Fee                                                     216,428.80
                                                                  ==============
</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             7.61            7.61        8,000.00
Class X-B Basis Risk Reserve Fund      2,000.00             1.90            1.90        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           16       4,743,362.91  30 Days        0              0.00  30 Days        0              0.00
60 Days           3        3,229,900.00  60 Days        0              0.00  60 Days        0              0.00
90 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  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
              -------------------------             -----------------------             -----------------------
                  20       8,228,762.91                 0              0.00                 0              0.00


0-29 Days     0.000000%       0.000000%  0-29 Days  0.000000%     0.000000%  0-29 Days  0.000000%     0.000000%
30 Days       0.584368%       0.458774%  30 Days    0.000000%     0.000000%  30 Days    0.000000%     0.000000%
60 Days       0.109569%       0.312393%  60 Days    0.000000%     0.000000%  60 Days    0.000000%     0.000000%
90 Days       0.036523%       0.024712%  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%
              -------------------------             -----------------------             -----------------------
              0.730460%       0.795879%             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        16       4,743,362.91
60 Days         0             0.00  60 Days        3        3,229,900.00
90 Days         0             0.00  90 Days        1          255,500.00
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                 20       8,228,762.91


0-29 Days    0.000000%   0.000000%  0-29 Days  0.000000%       0.000000%
30 Days      0.000000%   0.000000%  30 Days    0.584368%       0.458774%
60 Days      0.000000%   0.000000%  60 Days    0.109569%       0.312393%
90 Days      0.000000%   0.000000%  90 Days    0.036523%       0.024712%
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%             0.730460%       0.795879%
</TABLE>

Current Period Class A Insufficient Funds:           0.00
Principal Balance of Contaminated Properties         0.00
Periodic Advance                                23,946.32
<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%    1,033,920,813.44    100.00000000%         96.698474%         0.000000%
  Class 1A       227,635,162.00      21.67932736%      224,602,882.87     21.72341247%         78.276588%     2,370.921604%
Class 2-A-1       37,635,162.00       3.58426611%       37,635,162.00      3.64004298%         18.083369%       547.727651%
Class 2-A-2       34,135,162.00       3.25093604%       34,135,162.00      3.30152576%          0.338517%        10.253357%
 Class X-2        34,135,162.00       3.25093604%       34,135,162.00      3.30152576%          0.000000%         0.000000%
 Class B-1        24,535,162.00       2.05094776%       21,535,162.00      2.08286377%          1.218662%        36.912085%
 Class B-2        13,135,162.00       1.25095558%       13,135,162.00      1.27042244%          0.812441%        24.608057%
 Class B-3         8,410,162.00       0.80095998%        8,410,162.00      0.81342419%          0.456998%        13.842032%
 Class B-4         5,785,162.00       0.55096242%        5,785,162.00      0.55953627%          0.253888%         7.690018%
 Class B-5         3,685,162.00       0.35096438%        3,685,162.00      0.35642594%          0.203110%         6.152014%
 Class B-6                 0.00       0.00000000%                0.00      0.00000000%          0.356426%        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     0.01576968%
         Fraud    31,500,308.00    3.00000001%   31,500,308.00     3.04668477%
Special Hazard    11,240,000.00    1.07046573%   11,240,000.00     1.08712387%
</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            15      4,553,362.91  30 Days        0             0.00  30 Days         0             0.00
60 Days            3       3,229,900.00  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
               ------------------------              ---------------------              ----------------------
                   18      7,783,262.91                 0             0.00                  0             0.00

<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        0.692521%      0.544042%  30 Days     0.000000%   0.000000%  30 Days     0.000000%    0.000000%
60 Days        0.138504%      0.385913%  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%
               ------------------------              ---------------------              ----------------------
               0.831025%      0.929956%              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         15      4,553,362.91
60 Days          0             0.00  60 Days         3       3,229,900.00
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                  18      7,783,262.91
<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      0.692521%     0.544042%
60 Days      0.000000%    0.000000%  60 Days      0.138504%     0.385913%
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%               0.831025%     0.929956%
</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           1         190,000.00  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           1         255,500.00  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
              ------------------------              ----------------------              ----------------------
                  2         445,500.00                  0             0.00                  0             0.00
<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       0.174825%      0.096461%  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       0.174825%      0.129715%  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%
              ------------------------              ----------------------              ----------------------
              0.349650%      0.226176%              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         1         190,000.00
60 Days          0             0.00  60 Days         0               0.00
90 Days          0             0.00  90 Days         1         255,500.00
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                  2         445,500.00
<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     0.174825%      0.096461%
60 Days      0.000000%    0.000000%  60 Days     0.000000%      0.000000%
90 Days      0.000000%    0.000000%  90 Days     0.174825%      0.129715%
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%              0.349650%      0.226176%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
<S>                                                             <C>
Collateral Description                                                 Mixed ARM
Weighted Average Gross Coupon                                          3.586749%
Weighted Average Net Coupon                                            3.336749%
Weighted Average Pass-Through Rate                                     3.336749%
Weighted Average Maturity (Stepdown Calculation)                             295

Beginning Scheduled Collateral Loan Count                                  2,747
Number of Loans Paid in Full                                                   9
Ending Scheduled Collateral Loan Count                                     2,738

Beginning Scheduled Collateral Balance                          1,038,858,236.44
Ending Scheduled Collateral Balance                             1,033,920,813.39
Ending Actual Collateral Balance at 31-Dec-2002                 1,033,920,813.39

Monthly P&I Constant                                                3,105,102.77
Special Servicing Fee                                                       0.00
Prepayment Penalties                                                        0.00
Realization Loss Amount                                                     0.00
Cumulative Realized Loss                                                    0.00

Class A Optimal Amount                                              7,731,179.68

Ending Scheduled Balance for Premium Loans                      1,033,920,813.39

Scheduled Principal                                                         0.00
Unscheduled Principal                                               4,937,423.05
</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                 3.556447           3.715555             3.586749
Weighted Average Net Rate                    3.306447           3.465555             3.336749
Pass-Through Rate                            3.306447           3.465555             3.336749
Weighted Average Maturity                         295                295                  295
Record Date                                12/31/2002         12/31/2002           12/31/2002
Principal and Interest Constant          2,492,508.94         612,593.83         3,105,102.77
Beginning Loan Count                            2,174                573                2,747
Loans Paid in Full                                  8                  1                    9
Ending Loan Count                               2,166                572                2,738
Beginning Scheduled Balance            841,010,893.56     197,847,342.88     1,038,858,236.44
Ending Scheduled Balance               836,949,927.52     196,970,885.87     1,033,920,813.39
Scheduled Principal                              0.00               0.00                 0.00
Unscheduled Principal                    4,060,966.04         876,457.01         4,937,423.05
Scheduled Interest                       2,492,508.94         612,593.83         3,105,102.77
Servicing Fee                              175,210.60          41,218.20           216,428.80
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                             2,317,298.34          571,375.63        2,888,673.97
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                                             400,985,619.66
Six Month LIBOR Loans                                             435,964,307.86
Pro Rata Senior Percentage                                            96.714431%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                       0.00000%


Group 2

Pro Rata Senior Percentage                                            96.713039%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
</TABLE>