<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 2002-8
                         RECORD DATE: FEBRUARY 28, 2003
                       DISTRIBUTION DATE: MARCH 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                    Certificate                        Beginning                                   Current      Ending
                       Class     Certificate Pass-    Certificate       Interest       Principal   Realized   Certificate
Class     CUSIP     Description    Through Rate         Balance       Distribution   Distribution    Loss       Balance
-----     -----     -----------    ------------         -------       ------------   ------------    ----       -------
<S>     <C>         <C>          <C>                 <C>              <C>            <C>           <C>       <C>
 1-A1   81743RAA0       SEN               1.47000%    17,921,964.19      20,490.78   3,882,326.14      0.00   14,039,638.05
 1-A2   81743RAB8       SEN               3.45500%    61,468,000.00     176,976.62           0.00      0.00   61,468,000.00
  2A    81743RAC6       SEN               1.64000%   439,299,949.57     600,376.60   4,480,808.59      0.00  434,819,140.98
  3A    81743RAD4       SEN               3.31457%    46,935,053.91     129,641.13     501,036.98      0.00   46,434,016.93
  X-1   81743RAE2        IO               2.33639%             0.00     154,571.72           0.00      0.00            0.00
 X-2A   81743RAFf9       IO               1.09907%             0.00     163,111.92           0.00      0.00            0.00
 X-2B   81743AFG7        IO               1.50095%             0.00     326,719.26           0.00      0.00            0.00
  X-B   81743RAH5        IO               1.40807%             0.00      10,641.47           0.00      0.00            0.00
  A-R   81743RAJ1       SEN               5.37355%             0.00           0.00           0.00      0.00            0.00
  B-1   81743RAK8       SUB               2.01500%     9,069,000.00      15,228.36           0.00      0.00    9,069,000.00
  B-2   81743RAL6       SUB               3.42307%     5,505,000.00      15,703.32           0.00      0.00    5,505,000.00
  B-3   81743RAM4       SUB               3.42307%     3,886,000.00      11,085.03           0.00      0.00    3,886,000.00
  B-4   SMT0208B4       SUB               3.42307%     1,618,000.00       4,615.44           0.00      0.00    1,618,000.00
  B-5   SMT0208B5       SUB               3.42307%       970,000.00       2,766.98           0.00      0.00      970,000.00
  B-6   SMT0208B6       SUB               3.42307%     2,306,324.82       6,578.92           0.00      0.00    2,306,324.82
                                                     --------------   ------------   ------------      ----  --------------
Totals                                               588,979,292.49   1,638,507.55   8,864,171.71      0.00  580,115,120.78
                                                     --------------   ------------   ------------      ----  --------------
</TABLE>

<TABLE>
<CAPTION>
                         Total        Cumulative
Class     CUSIP      Distribution   Realized Loss
-----     -----      ------------   -------------
<S>     <C>          <C>            <C>
 1-A1   81743RAA0     3,902,816.92           0.00
 1-A2   81743RAB8       176,976.62           0.00
  2A    81743RAC6     5,081,185.19           0.00
  3A    81743RAD4       630,678.11           0.00
  X-1   81743RAE2       154,571.72           0.00
 X-2A   81743RAFf9      163,111.92           0.00
 X-2B   81743AFG7       326,719.26           0.00
  X-B   81743RAH5        10,641.47           0.00
  A-R   81743RAJ1             0.00           0.00
  B-1   81743RAK8        15,228.36           0.00
  B-2   81743RAL6        15,703.32           0.00
  B-3   81743RAM4        11,085.03           0.00
  B-4   SMT0208B4         4,615.44           0.00
  B-5   SMT0208B5         2,766.98           0.00
  B-6   SMT0208B6         6,578.92           0.00
                     -------------          -----
Totals               10,502,679.26          00.00
                     -------------          -----
</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          Ending
         Original Face     Certificate      Principal       Principal                 Realized    Principal      Certificate
Class        Amount          Balance       Distribution    Distribution   Accretion   Loss (1)    Reduction        Balance
-----        ------          -------       ------------    ------------   ---------   --------    ---------        -------
<S>      <C>              <C>              <C>             <C>            <C>         <C>        <C>            <C>
 1-A1     50,000,000.00    17,921,964.19         442.74    3,881,883.40        0.00       0.00   3,882,326.14    14,039,638.05
 1-A2     61,468,000.00    61,468,000.00           0.00            0.00        0.00       0.00           0.00    61,468,000.00
  2A     463,097,000.00   439,299,949.57         448.87    4,480,359.72        0.00       0.00   4,480,808.59   434,819,140.98
  3A      49,973,000.00    46,935,053.91           0.00      501,036.98        0.00       0.00     501,036.98    46,434,016.93
  X-1              0.00             0.00           0.00            0.00        0.00       0.00           0.00             0.00
 X-2A              0.00             0.00           0.00            0.00        0.00       0.00           0.00             0.00
 X-2B              0.00             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             0.00
  A-R            100.00             0.00           0.00            0.00        0.00       0.00           0.00             0.00
  B-1      9,069,000.00     9,069,000.00           0.00            0.00        0.00       0.00           0.00     9,069,000.00
  B-2      5,505,000.00     5,505,000.00           0.00            0.00        0.00       0.00           0.00     5,505,000.00
  B-3      3,886,000.00     3,886,000.00           0.00            0.00        0.00       0.00           0.00     3,886,000.00
  B-4      1,618,000.00     1,618,000.00           0.00            0.00        0.00       0.00           0.00     1,618,000.00
  B-5        970,000.00       970,000.00           0.00            0.00        0.00       0.00           0.00       970,000.00
  B-6      2,306,324.82     2,306,324.82           0.00            0.00        0.00       0.00           0.00     2,306,324.82
         --------------   --------------         ------    ------------        ----       ----   ------------   --------------
Totals   647,892,424.82   588,979,292.49         891.61    8,863,280.10        0.00       0.00   8,864,171.71   580,115,120.78
         --------------   --------------         ------    ------------        ----       ----   ------------   --------------
</TABLE>

<TABLE>
<CAPTION>
                Ending           Total
             Certificate       Principal
Class         Percentage     Distribution
-----         ----------     ------------
<S>          <C>             <C>
 1-A1         0.28079276     3,882,326.14
 1-A2         1.00000000             0.00
  2A          0.93893750     4,480,808.59
  3A          0.92918210       501,036.98
  X-1         0.00000000             0.00
 X-2A         0.00000000             0.00
 X-2B         0.00000000             0.00
  X-B         0.00000000             0.00
  A-R         0.00000000             0.00
  B-1         1.00000000             0.00
  B-2         1.00000000             0.00
  B-3         1.00000000             0.00
  B-4         1.00000000             0.00
  B-5         1.00000000             0.00
  B-6         1.00000000             0.00
              ----------     ------------
Totals        0.89538803     8,864,171.71
              ----------     ------------
</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
       Original Face     Certificate    Principal      Principal                 Realized    Principal   Ending Certificate
Class      Amount          Balance     Distribution   Distribution  Accretion    Loss (3)    Reduction        Balance
-----      ------          -------     ------------   ------------  ---------    --------    ---------        -------
<S>    <C>              <C>            <C>            <C>           <C>         <C>         <C>          <C>
1-A1    50,000,000.00    358.43928380    0.00885480    77.63766800  0.00000000  0.00000000  77.64652280      280.79276100
1-A2    61,468,000.00   1000.00000000    0.00000000     0.00000000  0.00000000  0.00000000   0.00000000     1000.00000000
 2A    463,097,000.00    948.61324856    0.00096928     9.67477595  0.00000000  0.00000000   9.67574523      938.93750333
 3A     49,973,000.00    939.20825066    0.00000000    10.02615372  0.00000000  0.00000000  10.02615372      929.18209693
 X-1             0.00      0.00000000    0.00000000     0.00000000  0.00000000  0.00000000   0.00000000        0.00000000
X-2A             0.00      0.00000000    0.00000000     0.00000000  0.00000000  0.00000000   0.00000000        0.00000000
X-2B             0.00      0.00000000    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        0.00000000
 A-R           100.00      0.00000000    0.00000000     0.00000000  0.00000000  0.00000000   0.00000000        0.00000000
 B-1     9,069,000.00   1000.00000000    0.00000000     0.00000000  0.00000000  0.00000000   0.00000000     1000.00000000
 B-2     5,505,000.00   1000.00000000    0.00000000     0.00000000  0.00000000  0.00000000   0.00000000     1000.00000000
 B-3     3,886,000.00   1000.00000000    0.00000000     0.00000000  0.00000000  0.00000000   0.00000000     1000.00000000
 B-4     1,618,000.00   1000.00000000    0.00000000     0.00000000  0.00000000  0.00000000   0.00000000     1000.00000000
 B-5       970,000.00   1000.00000000    0.00000000     0.00000000  0.00000000  0.00000000   0.00000000     1000.00000000
 B-6     2,306,324.82   1000.00000000    0.00000000     0.00000000  0.00000000  0.00000000   0.00000000     1000.00000000
</TABLE>

<TABLE>
<CAPTION>
            Ending Certificate     Total Principal
Class           Percentage           Distribution
-----           ----------           ------------
<S>         <C>                    <C>
1-A1            0.28079276           77.64652280
1-A2            1.00000000            0.00000000
 2A             0.93893750            9.67574523
 3A             0.92918210           10.02615372
 X-1            0.00000000            0.00000000
X-2A            0.00000000            0.00000000
X-2B            0.00000000            0.00000000
 X-B            0.00000000            0.00000000
 A-R            0.00000000            0.00000000
 B-1            1.00000000            0.00000000
 B-2            1.00000000            0.00000000
 B-3            1.00000000            0.00000000
 B-4            1.00000000            0.00000000
 B-5            1.00000000            0.00000000
 B-6            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>
                                             Beginning                   Payment of               Non-
                                            Certificate/     Current       Unpaid     Current   Supported
        Original Face       Current           Notional       Accrued      Interest   Interest   Interest   Realized   Total Interest
Class      Amount       Certificate Rate      Balance        Interest     Shortfall  Shortfall  Shortfall  Loss (4)    Distribution
-----      ------       ----------------      -------        --------     ---------  ---------  ---------  --------    ------------
<S>     <C>             <C>                <C>             <C>           <C>         <C>        <C>        <C>        <C>
 1-A1    50,000,000.00          1.47000%    17,921,964.19     20,490.78        0.00       0.00       0.00      0.00        20,490.78
 1-A2    61,468,000.00          3.45500%    61,468,000.00    176,976.62        0.00       0.00       0.00      0.00       176,976.62
  2A    463,097,000.00          1.64000%   439,299,949.57    600,376.60        0.00       0.00       0.00      0.00       600,376.60
  3A     49,973,000.00          3.31457%    46,935,053.91    129,641.13        0.00       0.00       0.00      0.00       129,641.13
  X-1             0.00          2.33639%    79,389,964.19    154,571.72        0.00       0.00       0.00      0.00       154,571.72
 X-2A             0.00          1.09907%   178,090,119.86    163,111.92        0.00       0.00       0.00      0.00       163,111.92
 X-2B             0.00          1.50095%   261,209,829.71    326,719.27        0.00       0.00       0.00      0.00       326,719.26
  X-B             0.00          1.40807%     9,069,000.00     10,641.47        0.00       0.00       0.00      0.00        10,641.47
  A-R           100.00          5.37355%             0.00          0.00        0.00       0.00       0.00      0.00             0.00
  B-1     9,069,000.00          2.01500%     9,069,000.00     15,228.36        0.00       0.00       0.00      0.00        15,228.36
  B-2     5,505,000.00          3.42307%     5,505,000.00     15,703.32        0.00       0.00       0.00      0.00        15,703.32
  B-3     3,886,000.00          3.42307%     3,886,000.00     11,085.03        0.00       0.00       0.00      0.00        11,085.03
  B-4     1,618,000.00          3.42307%     1,618,000.00      4,615.44        0.00       0.00       0.00      0.00         4,615.44
  B-5       970,000.00          3.42307%       970,000.00      2,766.98        0.00       0.00       0.00      0.00         2,766.98
  B-6     2,306,324.82          3.42307%     2,306,324.82      6,578.92        0.00       0.00       0.00      0.00         6,578.92
        --------------                                     ------------        ----       ----       ----      ----     ------------
Totals  647,892,424.82                                     1,638,507.56        0.00       0.00       0.00      0.00     1,638,507.55
        --------------                                     ------------        ----       ----       ----      ----     ------------
</TABLE>

<TABLE>
<CAPTION>
              Remaining            Ending
                Unpaid           Certificate/
               Interest           Notational
Class         Shortfall            Balance
-----         ---------            -------
<S>           <C>               <C>
 1-A1              0.00          14,039,638.05
 1-A2              0.00          61,468,000.00
  2A               0.00         434,819,140.98
  3A               0.00          46,434,016.93
  X-1              0.00          75,507,638.05
 X-2A              0.00         176,603,538.55
 X-2B              0.00         258,215,602.43
  X-B              0.00           9,069,000.00
  A-R              0.00                   0.00
  B-1              0.00           9,069,000.00
  B-2              0.00           5,505,000.00
  B-3              0.00           3,886,000.00
  B-4              0.00           1,618,000.00
  B-5              0.00             970,000.00
  B-6              0.00           2,306,324.82
                   ----
Totals             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                  Non-
                             Current       Beginning                            Unpaid      Current     Supported
            Original Face  Certificate    Certificate/     Current 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>          <C>
  1-A1      50,000,000.00     1.47000%      358.43928380        0.40981560    0.00000000   0.00000000   0.00000000   0.00000000
  1-A2      61,468,000.00     3.45500%     1000.00000000        2.87916672    0.00000000   0.00000000   0.00000000   0.00000000
   2A      463,097,000.00     1.64000%      948.61324856        1.29643811    0.00000000   0.00000000   0.00000000   0.00000000
   3A       49,973,000.00     3.31457%      939.20825066        2.59422348    0.00000000   0.00000000   0.00000000   0.00000000
   X-1               0.00     2.33639%      712.22202058        1.38669143    0.00000000   0.00000000   0.00000000   0.00000000
  X-2A               0.00     1.09907%      945.45362503        0.86593662    0.00000000   0.00000000   0.00000000   0.00000000
  X-2B               0.00     1.50095%      950.77958181        1.18922788    0.00000000   0.00000000   0.00000000   0.00000000
   X-B               0.00     1.40807%     1000.00000000        1.17338957    0.00000000   0.00000000   0.00000000   0.00000000
   A-R             100.00     5.37355%        0.00000000        0.00000000    0.00000000   0.00000000   0.00000000   0.00000000
   B-1       9,069,000.00     2.01500%     1000.00000000        1.67916639    0.00000000   0.00000000   0.00000000   0.00000000
   B-2       5,505,000.00     3.42307%     1000.00000000        2.85255586    0.00000000   0.00000000   0.00000000   0.00000000
   B-3       3,886,000.00     3.42307%     1000.00000000        2.85255533    0.00000000   0.00000000   0.00000000   0.00000000
   B-4       1,618,000.00     3.42307%     1000.00000000        2.85255871    0.00000000   0.00000000   0.00000000   0.00000000
   B-5         970,000.00     3.42307%     1000.00000000        2.82525670    0.00000000   0.00000000   0.00000000   0.00000000
   B-6       2,306,324.82     3.42307%     1000.00000000        2.85255570    0.00000000   0.00000000   0.00000000   0.00000000
</TABLE>

<TABLE>
<CAPTION>
                                    Remaining
                                     Unpaid
            Total Interest          Interest     Ending Certificate/
Class (5)    Distribution           Shortfall     Notational Balance
---------    ------------           ---------     ------------------
<S>         <C>       <C>           <C>          <C>
  1-A1         0.40981560           0.00000000          280.79276100
  1-A2         2.87916672           0.00000000         1000.00000000
   2A          1.29643811           0.00000000          938.93750333
   3A          2.59422348           0.00000000          929.18209693
   X-1         1.38669143           0.00000000          677.39295627
  X-2A         0.86593662           0.00000000          937.56158874
  X-2B         1.18922784           0.00000000          939.88087190
   X-B         1.17338957           0.00000000         1000.00000000
   A-R         0.00000000           0.00000000            0.00000000
   B-1         1.67916639           0.00000000         1000.00000000
   B-2         2.85255586           0.00000000         1000.00000000
   B-3         2.85255533           0.00000000         1000.00000000
   B-4         2.85255871           0.00000000         1000.00000000
   B-5         2.82525670           0.00000000         1000.00000000
   B-6         2.85255570           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.

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

<TABLE>
<S>                                                              <C>
Beginning Balance                                                           0.00

Deposits
        Payments of Interest and Principal                         10,686,588.79
        Liquidations, Insurance Proceeds, Reserve Funds                     0.00
        Proceeds from Repurchased Loans                                     0.00
        Other Amounts (Servicer Advances)                                 437.39
        Realized Losses                                                     0.00
        Prepayment Penalties                                                0.00
                                                                 ---------------
Total Deposits                                                     10,687,026.18

Withdrawals
        Reimbursement for Servicer Advances                                 0.00
        Payment of Service Fee                                        184,346.91
        Payment of Interest and Principal                          10,502,679.27
Total Withdrawals (Pool Distribution Amount)                       10,687,026.18
                                                                 ---------------

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                     0.00
                                                                      ==========
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                                <C>
Gross Servicing Fee                                                   179,929.55
Master Servicing Fee                                                    4,417.36
Non-Supported Prepayment/Curtailment Interest Shortfall                     0.00
                                                                   -------------

Net Servicing Fee                                                     184,346.91
                                                                   =============
</TABLE>

<TABLE>
<CAPTION>
                                    Beginning    Current    Current    Ending
           Account Type              Balance   Withdrawals  Deposits   Balance
           ------------              -------   -----------  --------   -------
<S>                                 <C>        <C>          <C>        <C>
Class X-1 Basis Risk Reserve Fund    2,500.00      0.00       0.00     2,500.00
Class X-2 Basis Risk Reserve Fund    5,000.00      0.00       0.00     5,000.00
Class X-B Basis Risk Reserve Fund    2,500.00      0.00       0.00     2,500.00
</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>
0-29 Days       0               0.00  0-29 Days       0             0.00  0-29 Days     0            0.00
30 Days         1         161,500.00  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
            ---------      ---------               ---------   ---------             ---------  ---------
                1         161,500.00                  0             0.00                0            0.00

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

0-29 Days   0.000000%      0.000000%  0-29 Days    0.000000%   0.000000%  0-29 Days  0.000000%  0.000000%
30 Days     0.066225%      0.027839%  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%
            ---------      ---------               ---------   ---------             ---------  ---------
            0.066225%      0.027839%               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       161,500.00
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                   1       161,500.00

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

0-29 Days   0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days     0.000000%   0.000000%   30 Days     0.066225%    0.027839%
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%               0.066225%    0.027839%
</TABLE>

Current Period Class A Insufficient Funds:                0.00
Principal Balance of Contaminated Properties              0.00
Periodic Advance                                        437.39
<PAGE>
<TABLE>
<CAPTION>
                 Original $       Original%      Current $        Current %     Current Class %    Prepayment %
                 ----------       ---------      ---------        ---------     ---------------    ------------
<S>            <C>              <C>            <C>              <C>             <C>               <C>
Class A        647,892,324.82   99.99998457%   580,115,120.78   100.00000000%      95.974191%         0.000000%
Class 1-A-1    597,892,324.82   92.28265402%   566,075,482.73    97.57985311%       2.420147%        60.115795%
Class 1-A-2    536,424,324.82   82.79527654%   504,607,482.73    86.98402518%      10.595828%       263.197504%
Class 2A        73,327,324.82   11.31782407%    69,788,341.75    12.03008493%      74.953940%     1,861.835631%
Class 3A        23,354,324.82    3.60466089%    23,354,324.82     4.02580867%       8.004276%       198.824061%
Class X-1       23,354,324.82    3.60466089%    23,354,324.82     4.02580867%       0.000000%         0.000000%
Class B-1       14,285,324.82    2.20489147%    14,285,324.82     2.46249827%       1.563310%        38.832208%
Class B-2        8,780,324.82    1.35521338%     8,780,324.82     1.51354869%       0.948950%        23.571651%
Class B-3        4,894,324.82    0.75542245%     4,894,324.82     0.84368165%       0.669867%        16.639316%
Class B-4        3,276,324.82    0.50568963%     3,276,324.82     0.56477149%       0.278910%         6.928053%
Class B-5        2,306,324.82    0.35597342%     2,306,324.82     0.39756330%       0.167208%         4.153406%
Class B-6                0.00    0.00000000%             0.00     0.00000000%       0.397563%         9.875365%
</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           126,045.00   0.01945462%      126,045.00    0.02172758%
         Fraud        19,436,773.00   3.00000004%   19,436,773.00    3.35050274%
Special Hazard        15,500,000.00   2.39237247%   15,499,500.00    2.67179728%
</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        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

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

0-29 Days   0.000000%      0.000000%  0-29 Days    0.000000%   0.000000%  0-29 Days  0.000000%  0.000000%
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>
0-29 Days      0             0.00   0-29 Days      0             0.00
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

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

0-29 Days   0.000000%   0.000000%   0-29 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%
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>

                                     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         161,500.00  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
            ---------     ----------               ---------   ---------             ---------  ---------
                1         161,500.00                  0             0.00                0            0.00

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

0-29 Days   0.000000%      0.000000%  0-29 Days    0.000000%   0.000000%  0-29 Days  0.000000%  0.000000%
30 Days     0.082988%      0.035721%  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%
            ---------      ---------               ---------   ---------             ---------  ---------
            0.082988%      0.035721%               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        161,500.00
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                  1        161,500.00

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

0-29 Days   0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days     0.000000%   0.000000%   30 Days     0.082988%    0.035721%
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%               0.082988%    0.035721%
</TABLE>
<PAGE>
                                     Group 3

<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        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

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

0-29 Days   0.000000%      0.000000%  0-29 Days    0.000000%   0.000000%  0-29 Days  0.000000%  0.000000%
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>
0-29 Days      0             0.00   0-29 Days      0              0.00
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

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

0-29 Days   0.000000%   0.000000%   0-29 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%
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 Arm
<S>                                                               <C>
Weighted Average Gross Coupon                                          3.713926%
Weighted Average Net Coupon                                            3.347333%
Weighted Average Pass-Through Rate                                     3.338333%
Weighted Average Maturity (Stepdown Calculation)                             324

Beginning Scheduled Collateral Loan Count                                  1,527
Number of Loans Paid in Full                                                  17
Ending Scheduled Collateral Loan Count                                     1,510

Beginning Scheduled Collateral Balance                            588,979,292.49
Ending Scheduled Collateral Balance                               580,115,120.78
Ending Actual Collateral Balance at 28-Feb-2003                   580,114,443.82

Monthly P&I Constant                                                1,823,746.08
Special Servicing Fee                                                       0.00
Prepayment Penalties                                                        0.00
Realization Loss Amount                                                     0.00
Cumulative Realized Loss                                                    0.00

Class A Optimal Amount                                             10,436,059.74

Ending Scheduled Balance for Premium Loans                        580,115,120.78

Scheduled Principal                                                       891.61
Unscheduled Principal                                               8,863,280.10
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                               <C>
One Month Libor Loan Balance                                      183,627,601.67
Six Month Libor Loan Balance                                      396,128,058.94
Pro Rata Senior Percent                                               96.034780%
Senior Percentage                                                    100.000000%
Senior Prepay Percentage                                             100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
           GROUP                         1                2               3               TOTAL
<S>                                <C>             <C>              <C>             <C>
Collateral Description                 Mixed ARM        Mixed ARM       Mixed ARM        Mixed ARM
Weighted Average Coupon Rate            5.580163         3.374061        3.698566         3.713926
Weighted Average Net Rate               5.330163         2.987032        3.323566         3.347333
Pass-Through Rate                       5.321163         2.978032        3.314566         3.338333
Weighted Average Maturity                    348              315             352              324
Record Date                           02/28/2003       02/28/2003      02/28/2003       02/28/2003
Principal and Interest Constant       388,976.69     1,284,262.37      150,507.02     1,823,746.08
Beginning Loan Count                         167            1,214             146            1,527
Loans Paid in Full                             7                9               1               17
Ending Loan Count                            160            1,205             145            1,510
Beginning Scheduled Balance        83,553,247.08   456,594,037.31   48,832,008.10   588,979,292.49
Ending Scheduled Balance           79,670,920.94   452,113,228.72   48,330,971.12   580,115,120.78
Scheduled Principal                       442.74           448.87            0.00           891.61
Unscheduled Principal               3,881,883.40     4,480,359.72      501,036.98     8,863,280.10
Scheduled Interest                    388,533.95     1,283,813.50      150,507.02     1,822,854.47
Servicing Fee                          17,406.93       147,262.62       15,260.00       179,929.55
Master Servicing Fee                      626.65         3,424.47          366.24         4,417.36
Trustee Fee                                 0.00             0.00            0.00             0.00
FRY Amount                                  0.00             0.00            0.00             0.00
Special Hazard Fee                          0.00             0.00            0.00             0.00
Other Fee                                   0.00             0.00            0.00             0.00
Pool Insurance Fee                          0.00             0.00            0.00             0.00
Spread 1                                    0.00             0.00            0.00             0.00
Spread 2                                    0.00             0.00            0.00             0.00
Spread 3                                    0.00             0.00            0.00             0.00
Net Interest                          370,500.37     1,133,126.41      134,880.78     1,638,507.56
Realized Loss Amount                        0.00             0.00            0.00             0.00
Cumulative Realized Loss                    0.00             0.00            0.00             0.00
Percentage of Cumulative Losses             0.00             0.00            0.00             0.00
Prepayment Penalties                        0.00             0.00            0.00             0.00
Special Servicing Fee                       0.00             0.00            0.00             0.00
</TABLE>