<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: FEBRUARY 28, 2003
                        DISTRIBUTION DATE: MARCH 20, 2003

              CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                             Certificate                            Beginning
                                Class       Certificate Pass-     Certificate         Interest
Class         CUSIP          Description      Through Rate           Balance        Distribution
-----         -----          -----------      ------------       --------------     ------------
<S>         <C>              <C>            <C>                  <C>              <C>
  A         81743YAA5            SEN            1.68000%         513,058,055.97     718,281.27
 A-R        SMT0207AR            SEN            3.52106%                   0.00           0.00
 B-1        81743YAE7            SUB            2.09000%           8,080,000.00      14,072.67
 B-2        81743YAF4            SUB            3.16296%           5,771,000.00      15,211.19
 B-3        81743YAG2            SUB            3.16296%           3,463,000.00       9,127.77
 B-4        SMT0207B4            SUB            3.16296%           1,442,000.00       3,800.82
 B-5        SMT0207B5            SUB            3.16296%           1,154,000.00       3,041.71
 B-6        SMT0207B6            SUB            3.16296%           2,600,498.71       6,854.39
 X-1        81743YAC1            SEN            1.07218%                   0.00      80,748.43
 X-2        81743YAD9            SEN            1.56145%                   0.00     560,512.12
                                                                 --------------   ------------
Totals                                                           535,568,554.68   1,411,650.37
                                                                 --------------   ------------
</TABLE>

<TABLE>
<CAPTION>
                                                                Ending
                        Principal           Current           Certificate             Total             Cumulative
Class        CUSIP     Distribution        Realized Loss         Balance             Distribution       Realized Loss
-----        -----     ------------        -------------      --------------         ------------       -------------
<S>        <C>         <C>                 <C>                <C>                    <C>                <C>
  A        81743YAA5   7,290,318.39            0.00           505,767,737.58         8,008,599.66           0.00
 A-R       SMT0207AR           0.00            0.00                     0.00                 0.00           0.00
 B-1       81743YAE7           0.00            0.00             8,080,000.00            14,072.67           0.00
 B-2       81743YAF4           0.00            0.00             5,771,000.00            15,211.19           0.00
 B-3       81743YAG2           0.00            0.00             3,463,000.00             9,127.77           0.00
 B-4       SMT0207B4           0.00            0.00             1,442,000.00             3,800.82           0.00
 B-5       SMT0207B5           0.00            0.00             1,154,000.00             3,041.71           0.00
 B-6       SMT0207B6           0.00            0.00             2,600,498.71             6,854.39           0.00
 X-1       81743YAC1           0.00            0.00                     0.00            80,748.43           0.00
 X-2       81743YAD9           0.00            0.00                     0.00           560,512.12           0.00
                       ------------            ----           --------------         ------------           ----
Totals                 7,290,318.39            0.00           528,278,236.29         8,701,968.76           0.00
                       ------------            ----           --------------         ------------           ----
</TABLE>

All distributions ruired 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       513,058,055.97          0.00     7,290,318.39         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       535,568,554.68          0.00     7,290,318.39         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       7,290,318.39      505,767,737.58          0.91180909       7,290,318.39
 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   7,290,318.39      528,278,236.29          0.91524819       7,290,318.39
</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
Class         Amount             Balance      Distribution    Distribution     Accretion
-----         ------             -------      ------------    ------------     ---------
<S>        <C>                <C>             <C>             <C>             <C>
  A        554,686,000.00      924.95223599    0.00000000      13.14314475    0.00000000
 A-R               100.00        0.00000000    0.00000000       0.00000000    0.00000000
 B-1         8,080,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
 B-2         5,771,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
 B-3         3,463,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
 B-4         1,442,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
 B-5         1,154,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
 B-6         2,600,498.71     1000.00000000    0.00000000       0.00000000    0.00000000
 X-1                50.00        0.00000000    0.00000000       0.00000000    0.00000000
 X-2                50.00        0.00000000    0.00000000       0.00000000    0.00000000
</TABLE>

<TABLE>
<CAPTION>
                           Total              Ending               Ending
          Realized       Principal          Certificate          Certificate       Total Principal
Class      Loss(3)       Reduction            Balance             Percentage        Distribution
-----    ----------      -----------       -------------          ----------        ------------
<S>      <C>             <C>               <C>                   <C>               <C>
  A      0.00000000      13.14314475        911.80909123          0.91180909        13.14314475
 A-R     0.00000000       0.00000000          0.00000000          0.00000000         0.00000000
 B-1     0.00000000       0.00000000       1000.00000000          1.00000000         0.00000000
 B-2     0.00000000       0.00000000       1000.00000000          1.00000000         0.00000000
 B-3     0.00000000       0.00000000       1000.00000000          1.00000000         0.00000000
 B-4     0.00000000       0.00000000       1000.00000000          1.00000000         0.00000000
 B-5     0.00000000       0.00000000       1000.00000000          1.00000000         0.00000000
 B-6     0.00000000       0.00000000       1000.00000000          1.00000000         0.00000000
 X-1     0.00000000       0.00000000          0.00000000          0.00000000         0.00000000
 X-2     0.00000000       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         1.68000%     513,058,055.97       718,281.28          0.00          0.00
 A-R                100.00         3.52106%               0.00             0.00          0.00          0.00
 B-1          8,080,000.00         2.09000%       8,080,000.00        14,072.67          0.00          0.00
 B-2          5,771,000.00         3.16296%       5,771,000.00        15,211.19          0.00          0.00
 B-3          3,463,000.00         3.16296%       3,463,000.00         9,127.77          0.00          0.00
 B-4          1,442,000.00         3.16296%       1,442,000.00         3,800.82          0.00          0.00
 B-5          1,154,000.00         3.16296%       1,154,000.00         3,041.71          0.00          0.00
 B-6          2,600,498.71         3.16296%       2,600,498.71         6,854.39          0.00          0.00
 X-1                 50.00         1.07218%      90,375,136.85        80,748.43          0.00          0.00
 X-2                 50.00         1.56145%     430,762,919.12       560,512.12          0.00          0.00
 ---        --------------         --------     --------------     ------------          ----          ----
Totals      577,196,698.71                                         1,411,650.38          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>
           0.00         0.00       718,281.27          0.00     505,767,737.58
  A        0.00         0.00             0.00          0.00               0.00
 A-R       0.00         0.00        14,072.67          0.00       8,080,000.00
 B-1       0.00         0.00        15,211.19          0.00       5,771,000.00
 B-2       0.00         0.00         9,127.77          0.00       3,463,000.00
 B-3       0.00         0.00         3,800.82          0.00       1,442,000.00
 B-4       0.00         0.00         3,041.71          0.00       1,154,000.00
 B-5       0.00         0.00         6,854.39          0.00       2,600,498.71
 B-6       0.00         0.00        80,748.43          0.00      87,314,548.86
 X-1       0.00         0.00       560,512.12          0.00     426,533,188.72
 ---       ----         ----     ------------          ----     --------------
 X-2       0.00         0.00     1,411,650.37          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                            Unpaid       Current
          Original Face   Certificate     Certificate/        Current Accrued    Interest     Interest
Class(5)      Amount         Rate        Notional Balance        Interest       Shortfall     Shortfall
-------- --------------   -----------    ----------------     ---------------  -----------  -----------
<S>      <C>              <C>           <C>                 <C>                <C>          <C>
 A       554,686,000.00    1.68000%         924.95223599        1.29493313      0.00000000   0.00000000
A-R              100.00    3.52106%           0.00000000        0.00000000      0.00000000   0.00000000
B-1        8,080,000.00    2.09000%        1000.00000000        1.74166708      0.00000000   0.00000000
B-2        5,771,000.00    3.16296%        1000.00000000        2.63579796      0.00000000   0.00000000
B-3        3,463,000.00    3.16296%        1000.00000000        2.63579844      0.00000000   0.00000000
B-4        1,442,000.00    3.16296%        1000.00000000        2.63579750      0.00000000   0.00000000
B-5        1,154,000.00    3.16296%        1000.00000000        2.63579723      0.00000000   0.00000000
B-6        2,600,498.71    3.16296%        1000.00000000        2.63579827      0.00000000   0.00000000
X-1               50.00    1.07218%     1807502.73700000     1614.96860000      0.00000000   0.00000000
X-2               50.00    1.56145%     8615258.38240000    11210.24240000      0.00000000   0.00000000
</TABLE>

<TABLE>
<CAPTION>
                                                             Remaining
           Non-Supported                                      Unpaid          Ending
              Interest       Realized      Total Interest     Interest       Certificate/
Class(5)      Shortfall       Loss (6)       Distribution     Shortfall    Notational Balance
--------   -------------   -----------     ------------     ---------    --------------------
<S>         <C>            <C>             <C>              <C>          <C>
 A           0.00000000     0.00000000         1.29493312    0.00000000        911.80909123
A-R          0.00000000     0.00000000         0.00000000    0.00000000          0.00000000
B-1          0.00000000     0.00000000         1.74166708    0.00000000       1000.00000000
B-2          0.00000000     0.00000000         2.63579796    0.00000000       1000.00000000
B-3          0.00000000     0.00000000         2.63579844    0.00000000       1000.00000000
B-4          0.00000000     0.00000000         2.63579750    0.00000000       1000.00000000
B-5          0.00000000     0.00000000         2.63579723    0.00000000       1000.00000000
B-6          0.00000000     0.00000000         2.63579827    0.00000000       1000.00000000
X-1          0.00000000     0.00000000      1614.96860000    0.00000000    1746290.97720000
X-2          0.00000000     0.00000000     11210.24240000    0.00000000    8530663.77440000
</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>
<S>                                                           <C>
Beginning Balance                                                     0.00
Deposits
         Payments of Interest and Principal                   8,874,002.09
         Liquidations, Insurance Proceeds, Reserve Funds              0.00
         Proceeds from Repurchased Loans                              0.00
         Other Amounts (Servicer Advances)                            0.00
         Realized Losses                                              0.00
                                                              ------------
         Prepayment Penalties                                         0.00
Total Deposits                                                8,874,002.09
Withdrawals
         Reimbursement for Servicer Advances                          0.00
         Payment of Service Fee                                 172,033.33
         Payment of Interest and Principal                    8,701,968.76
                                                              ------------
Total Withdrawals (Pool Distribution Amount)                  8,874,002.09
Ending Balance                                                        0.00
                                                              ============
</TABLE>
<PAGE>
                    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         0.02
                                                                ====
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                          <C>
Gross Servicing Fee                                          167,570.27
Master Servicing Fee                                           4,463.06
Supported Prepayment/Curtailment Interest Shortfall                0.00
                                                             ----------
Net Servicing Fee                                            172,033.33
                                                             ==========
</TABLE>

<TABLE>
<CAPTION>
                                 Beginning       Current       Current     Ending
         Account Type             Balance       Withdrawals    Deposits    Balance
<S>                              <C>            <C>            <C>         <C>
Basis Risk Reserve Fund - X-1     1,512.84         0.00          0.00      1,512.84
Basis Risk Reserve Fund - X-2     8,487.16         0.00          0.00      8,487.16
</TABLE>
<PAGE>
             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

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

<TABLE>
<S>                                         <C>                                                   <C>                         <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      0.01897882%
         Fraud   17,315,901.00    3.00000001%    17,315,901.00      3.27779943%
Special Hazard    5,771,967.00    1.00000000%     5,282,782.36      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                                       3.548417%
Weighted Average Net Coupon                                         3.172957%
Weighted Average Pass-Through Rate                                  3.162957%
Weighted Average Maturity (Stepdown Calculation)                          350

Beginning Scheduled Collateral Loan Count                               1,469
Number of Loans Paid in Full                                               17
Ending Scheduled Collateral Loan Count                                  1,452

Beginning Scheduled Collateral Balance                         535,568,554.68
Ending Scheduled Collateral Balance                            528,278,236.29
Ending Actual Collateral Balance at 28-Feb-2003                528,274,946.21

Monthly P&I Constant                                             1,583,743.63
Special Servicing Fee                                                    0.00
Prepayment Penalties                                                     0.00
Realization Loss Amount                                                  0.00
Cumulative Realized Loss                                                 0.00
Scheduled Principal                                                      0.00
Unscheduled Principal                                            7,290,318.39
</TABLE>

                             MISCELLANEOUS REPORTING

Pro Rata Senior Percent                                            95.796897%
Senior Percent                                                    100.000000%
Senior Prepay Percent                                             100.000000%
Subordinate Percent                                                 0.000000%
Subordinate Prepay Percent                                          0.000000%
<PAGE>
<TABLE>
<CAPTION>
             GROUP                      ONE MONTH LIBOR   SIX MONTH LIBOR            TOTAL

Collateral Description                       Monthly        6 Month Arm        Mixed Fixed & Arm
<S>                                   <C>                <C>                   <C>
Weighted Average Coupon Rate                3.143534           3.633362                 3.548417
Weighted Average Net Rate                   2.768534           3.257806                 3.172957
Pass-Through Rate                           2.758534           3.247806                 3.162957
Weighted Average Maturity                        310                311                      350
Record Date                               02/28/2003         02/28/2003               02/28/2003
Principal and Interest Constant           243,356.82       1,340,386.81             1,583,743.63
Beginning Loan Count                             233              1,236                    1,469
Loans Paid in Full                                 7                 10                       17
Ending Loan Count                                226              1,226                    1,452
Beginning Scheduled Balance            92,877,656.64     442,690,898.04           535,568,554.68
Ending Scheduled Balance               89,766,622.49     438,511,613.80           528,278,236.29
Scheduled Principal                             0.00               0.00                     0.00
Unscheduled Principal                   3,111,034.15       4,179,284.24             7,290,318.39
Scheduled Interest                        243,303.36       1,340,380.36             1,583,683.72
Servicing Fee                              29,024.27         138,546.00               167,570.27
Master Servicing Fee                          773.97           3,689.09                 4,463.06
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                              213,505.12       1,198,145.27             1,411,650.39
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>