<PAGE>
                                  EXHIBIT 10.1


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


                                SMT SERIES 2002-9
                         RECORD DATE: FEBRUARY 28, 2003
                        DISTRIBUTION DATE: MARCH 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                              Certificate                        Beginning
                                 Class      Certificate Pass-   Certificate        Interest         Principal
   Class          CUSIP       Description     Through Rate        Balance        Distribution     Distribution
   -----          -----       -----------     ------------        -------        ------------     ------------
<S>             <C>           <C>           <C>                <C>               <C>              <C>
    1A          81743SAA8         SEN               1.69000%   370,527,214.93        521,825.83     1,036,898.50
    2A          81743SAB6         SEN               3.00947%   156,574,721.67        392,672.31     4,629,773.16
   X-1A         81743SAC4          IO               1.02021%             0.00        168,078.51             0.00
   X-1B         81743SAD2          IO               1.03691%             0.00        149,338.57             0.00
    X-B         81743SAE0          IO               0.71740%             0.00          4,604.50             0.00
    A-R         81743SAF7         SEN               3.21184%             0.00              0.00             0.00
    B-1         81743SAG5         SUB               2.09000%     7,702,000.00         13,414.32             0.00
    B-2         81743SAH3         SUB               2.80740%     4,564,000.00         10,677.47             0.00
    B-3         81743SAJ9         SUB               2.80740%     3,424,000.00          8,010.44             0.00
    B-4         SMT0209B4         SUB               2.80740%     1,426,000.00          3,336.12             0.00
    B-5         SMR0209B5         SUB               2.80740%       856,000.00          2,002.61             0.00
    B-6         SMT0209B6         SUB               2.80740%     1,997,086.78          4,672.18             0.00
                                                               --------------      ------------     ------------
Totals                                                         547,071,023.38      1,278,632.86     5,666,671.66
                                                               --------------      ------------     ------------
</TABLE>

<TABLE>
<CAPTION>
                                     Ending
                   Current         Certificate         Total          Cumulative
   Class        Realized Loss        Balance        Distribution     Realized Loss
   -----        -------------        -------        ------------     -------------
<S>             <C>               <C>               <C>              <C>
    1A                     0.00   369,490,316.43      1,558,724.33             0.00
    2A                     0.00   151,944,948.51      5,022,445.47             0.00
   X-1A                    0.00             0.00        168,078.51             0.00
   X-1B                    0.00             0.00        149,338.57             0.00
    X-B                    0.00             0.00          4,604.50             0.00
    A-R                    0.00             0.00              0.00             0.00
    B-1                    0.00     7,702,000.00         13,414.32             0.00
    B-2                    0.00     4,564,000.00         10,677.47             0.00
    B-3                    0.00     3,424,000.00          8,010.44             0.00
    B-4                    0.00     1,426,000.00          3,336.12             0.00
    B-5                    0.00       856,000.00          2,002.61             0.00
    B-6                    0.00     1,997,086.78          4,672.18             0.00
                           ----   --------------      ------------             ----
Totals                     0.00   541,404,351.72      6,945,304.52             0.00
                           ----   --------------      ------------             ----
</TABLE>

All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
<PAGE>
                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                 Beginning       Scheduled      Unscheduled
              Original Face     Certificate      Principal       Principal                    Realized
   Class         Amount           Balance       Distribution   Distribution     Accretion     Loss (1)
   -----         ------           -------       ------------   ------------     ---------     --------
<S>           <C>               <C>             <C>            <C>              <C>           <C>
    1A        381,698,000.00    370,527,214.93          0.10     1,036,898.40         0.00          0.00
    2A        168,875,000.00    156,574,721.67          2.90     4,629,770.26         0.00          0.00
   X-1A                 0.00              0.00          0.00             0.00         0.00          0.00
   X-1B                 0.00              0.00          0.00             0.00         0.00          0.00
    X-B                 0.00              0.00          0.00             0.00         0.00          0.00
    A-R               100.00              0.00          0.00             0.00         0.00          0.00
    B-1         7,702,000.00      7,702,000.00          0.00             0.00         0.00          0.00
    B-2         4,564,000.00      4,564,000.00          0.00             0.00         0.00          0.00
    B-3         3,424,000.00      3,424,000.00          0.00             0.00         0.00          0.00
    B-4         1,426,000.00      1,426,000.00          0.00             0.00         0.00          0.00
    B-5           856,000.00        856,000.00          0.00             0.00         0.00          0.00
    B-6         1,997,086.78      1,997,086.78          0.00             0.00         0.00          0.00
              --------------    --------------          ----     ------------         ----          ----
Totals        570,533,186.78    547,071,023.38          3.00     5,666,668.66         0.00          0.00
              --------------    --------------          ----     ------------         ----          ----
</TABLE>

<TABLE>
<CAPTION>
                                      Ending              Ending
              Total Principal      Certificate         Certificate       Total Principal
   Class         Reduction           Balance            Percentage        Distribution
   -----         ---------           -------            ----------        ------------
<S>           <C>                  <C>                 <C>               <C>
    1A            1,036,898.50      369,490,316.43          0.96804025       1,036,898.50
    2A            4,629,773.16      151,944,948.51          0.89974803       4,629,773.16
   X-1A                   0.00                0.00          0.00000000               0.00
   X-1B                   0.00                0.00          0.00000000               0.00
    X-B                   0.00                0.00          0.00000000               0.00
    A-R                   0.00                0.00          0.00000000               0.00
    B-1                   0.00        7,702,000.00          1.00000000               0.00
    B-2                   0.00        4,564,000.00          1.00000000               0.00
    B-3                   0.00        3,424,000.00          1.00000000               0.00
    B-4                   0.00        1,426,000.00          1.00000000               0.00
    B-5                   0.00          856,000.00          1.00000000               0.00
    B-6                   0.00        1,997,086.78          1.00000000               0.00
                  ------------      --------------          ----------       ------------
Totals            5,666,671.66      541,404,351.72          0.94894454       5,666,671.66
                  ------------      --------------          ----------       ------------
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                 Beginning        Scheduled     Unscheduled
              Original Face     Certificate       Principal      Principal                     Realized
   Class         Amount           Balance       Distribution    Distribution    Accretion      Loss (3)
   -----         ------           -------       ------------    ------------    ---------      --------
<S>           <C>               <C>             <C>             <C>             <C>            <C>
    1A        381,698,000.00      970.75685946     0.00000026      2.71660540    0.00000000     0.00000000
    2A        168,875,000.00      927.16341477     0.00001717     27.41536793    0.00000000     0.00000000
   X-1A                 0.00        0.00000000     0.00000000      0.00000000    0.00000000     0.00000000
   X-1B                 0.00        0.00000000     0.00000000      0.00000000    0.00000000     0.00000000
    X-B                 0.00        0.00000000     0.00000000      0.00000000    0.00000000     0.00000000
    A-R               100.00        0.00000000     0.00000000      0.00000000    0.00000000     0.00000000
    B-1         7,702,000.00     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000
    B-2         4,564,000.00     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000
    B-3         3,424,000.00     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000
    B-4         1,426,000.00     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000
    B-5           856,000.00     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000
    B-6         1,997,086.78     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000
</TABLE>

<TABLE>
<CAPTION>
                Total             Ending              Ending
              Principal        Certificate         Certificate       Total Principal
   Class      Reduction          Balance            Percentage        Distribution
   -----      ---------          -------            ----------        ------------
<S>           <C>              <C>                 <C>               <C>
    1A          2.71660567        968.04025379          0.96804025         2.71660567
    2A         27.41538511        899.74802967          0.89974803        27.41538511
   X-1A         0.00000000          0.00000000          0.00000000         0.00000000
   X-1B         0.00000000          0.00000000          0.00000000         0.00000000
    X-B         0.00000000          0.00000000          0.00000000         0.00000000
    A-R         0.00000000          0.00000000          0.00000000         0.00000000
    B-1         0.00000000       1000.00000000          1.00000000         0.00000000
    B-2         0.00000000       1000.00000000          1.00000000         0.00000000
    B-3         0.00000000       1000.00000000          1.00000000         0.00000000
    B-4         0.00000000       1000.00000000          1.00000000         0.00000000
    B-5         0.00000000       1000.00000000          1.00000000         0.00000000
    B-6         0.00000000       1000.00000000          1.00000000         0.00000000
</TABLE>

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

<TABLE>
<CAPTION>
                                                                  Payment of
                                  Current         Beginning         Current        Unpaid        Current
             Original Face      Certificate      Certificate/       Accrued       Interest       Interest
  Class         Amount             Rate        Notional Balance    Interest      Shortfall      Shortfall
  -----         ------             ----        ----------------    --------      ---------      ---------
<S>          <C>                <C>            <C>                <C>            <C>          <C>
   1A         381,698,000.00         1.69000%    370,527,214.93     521,825.83          0.00          0.00
   2A         168,875,000.00         3.00947%    156,574,721.67     392,672.31          0.00          0.00
  X-1A                  0.00         1.02021%    197,699,294.52     168,078.51          0.00          0.00
  X-1B                  0.00         1.03691%    172,827,920.41     149,338.57          0.00          0.00
   X-B                  0.00         0.71740%      7,702,000.00       4,604.50          0.00          0.00
   A-R                100.00         3.21184%              0.00           0.00          0.00          0.00
   B-1          7,702,000.00         2.09000%      7,702,000.00      13,414.32          0.00          0.00
   B-2          4,564,000.00         2.80740%      4,564,000.00      10,677.47          0.00          0.00
   B-3          3,424,000.00         2.80740%      3,424,000.00       8,010.44          0.00          0.00
   B-4          1,426,000.00         2.80740%      1,426,000.00       3,336.12          0.00          0.00
   B-5            856,000.00         2.80740%        856,000.00       2,002.61          0.00          0.00
   B-6          1,997,086.78         2.80740%      1,997,086.78       4,672.18          0.00          0.00
              --------------                                      ------------          ----          ----
 Totals       570,533,186.78                                      1,278,632.86          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>
   1A              0.00          0.00       521,825.83          0.00     369,490,316.43
   2A              0.00          0.00       392,672.31          0.00     151,944,948.51
  X-1A             0.00          0.00       168,078.51          0.00     196,796,284.83
  X-1B             0.00          0.00       149,338.57          0.00     172,694,031.60
   X-B             0.00          0.00         4,604.50          0.00       7,702,000.00
   A-R             0.00          0.00             0.00          0.00               0.00
   B-1             0.00          0.00        13,414.32          0.00       7,702,000.00
   B-2             0.00          0.00        10,677.47          0.00       4,564,000.00
   B-3             0.00          0.00         8,010.44          0.00       3,424,000.00
   B-4             0.00          0.00         3,336.12          0.00       1,426,000.00
   B-5             0.00          0.00         2,002.61          0.00         856,000.00
   B-6             0.00          0.00         4,672.18          0.00       1,997,086.78
                   ----          ----     ------------          ----
 Totals            0.00          0.00     1,278,632.86          0.00
                   ----          ----     ------------          ----
</TABLE>

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

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                              Payment of
                             Current           Beginning        Current         Unpaid        Current
  Class     Original Face    Certificate     Certificate/       Accrued        Interest      Interest
   (5)          Amount          Rate       Notional Balance    Interest        Shortfall     Shortfall
   ---          ------          ----       ----------------    --------        ---------     ---------
<S>         <C>              <C>           <C>                 <C>            <C>            <C>
   1A        381,698,000.00    1.69000%       970.75685946       1.36714925     0.00000000   0.00000000
   2A        168,875,000.00    3.00947%       927.16341477       2.32522463     0.00000000   0.00000000
  X-1A                 0.00    1.02021%       970.22495153       0.82485860     0.00000000   0.00000000
  X-1B                 0.00    1.03691%       971.36602897       0.83934594     0.00000000   0.00000000
   X-B                 0.00    0.71740%      1000.00000000       0.59783173     0.00000000   0.00000000
   A-R               100.00    3.21184%         0.00000000       0.00000000     0.00000000   0.00000000
   B-1         7,702,000.00    2.09000%      1000.00000000       1.74166710     0.00000000   0.00000000
   B-2         4,564,000.00    2.80740%      1000.00000000       2.33949825     0.00000000   0.00000000
   B-3         3,424,000.00    2.80740%      1000.00000000       2.33949766     0.00000000   0.00000000
   B-4         1,426,000.00    2.80740%      1000.00000000       2.33949509     0.00000000   0.00000000
   B-5           856,000.00    2.80740%      1000.00000000       2.33949766     0.00000000   0.00000000
   B-6         1,997,086.78    2.80740%      1000.00000000       2.33949774     0.00000000   0.00000000
</TABLE>

<TABLE>
<CAPTION>
                                                            Remaining
            Non-Supported                                    Unpaid
  Class       Interest      Realized      Total Interest    Interest    Ending Certificate/
   (5)       Shortfall      Loss (6)       Distribution     Shortfall   Notational Balance
   ---       ---------      --------       ------------     ---------   ------------------
<S>         <C>             <C>           <C>               <C>         <C>
   1A         0.00000000     0.00000000        1.36714925   0.00000000         968.04025379
   2A         0.00000000     0.00000000        2.32522463   0.00000000         899.74802967
  X-1A        0.00000000     0.00000000        0.82485860   0.00000000         965.79335993
  X-1B        0.00000000     0.00000000        0.83934594   0.00000000         970.61351721
   X-B        0.00000000     0.00000000        0.59783173   0.00000000        1000.00000000
   A-R        0.00000000     0.00000000        0.00000000   0.00000000           0.00000000
   B-1        0.00000000     0.00000000        1.74166710   0.00000000        1000.00000000
   B-2        0.00000000     0.00000000        2.33949825   0.00000000        1000.00000000
   B-3        0.00000000     0.00000000        2.33949766   0.00000000        1000.00000000
   B-4        0.00000000     0.00000000        2.33949509   0.00000000        1000.00000000
   B-5        0.00000000     0.00000000        2.33949766   0.00000000        1000.00000000
   B-6        0.00000000     0.00000000        2.33949774   0.00000000        1000.00000000
</TABLE>

(5)   Per $1 denomination

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

<PAGE>
                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

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

Deposits

         Payments of Interest and Principal                         7,111,494.66
         Liquidations, Insurance Proceeds, Reserve Funds                    0.00
         Proceeds from Repurchased Loans                                    0.00
         Other Amounts (Servicer Advances)                              9,091.32
         Realized Losses                                                    0.00
         Prepayment Penalties                                               0.00
                                                                    ------------
Total Deposits                                                      7,120,585.98

Withdrawals

         Reimbursement for Servicer Advances                                0.00
         Payment of Service Fee                                       175,281.46
         Payment of Interest and Principal                          6,945,304.52
                                                                    ------------
Total Withdrawals (Pool Distribution Amount)                        7,120,585.98

Ending Balance                                                              0.00
                                                                    ============
</TABLE>


                   PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<TABLE>
<S>                                                                 <C>
Total Prepayment/Curtailment Interest Shortfall                             0.00
Servicing Fee Support                                                       0.00
                                                                    ------------

Non-Supported Prepayment Curtailment Interest Shortfall                     0.00
                                                                    ============
</TABLE>



                                 SERVICING FEES

<TABLE>
<S>                                                                 <C>
Gross Servicing Fee                                                   171,178.43
Master Servicing Fee                                                    4,103.03
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                    ------------

Net Servicing Fee                                                     175,281.46
                                                                    ============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                 Beginning          Current          Current       Ending
                Account Type                      Balance         Withdrawals       Deposits       Balance
                ------------                      -------         -----------       --------       -------
<S>                                              <C>              <C>               <C>           <C>
        X-1 Basis Risk Reserve Fund              5,000.00            0.00             0.00        5,000.00
        X-2 Basis Risk Reserve Fund              5,000.00            0.00             0.00        5,000.00
</TABLE>



             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
              DELINQUENT                            BANKRUPTCY                         FORECLOSURE
--------------------------------------  ----------------------------------  ----------------------------------
                 No. of     Principal                No. of     Principal                No. of     Principal
                 Loans       Balance                 Loans       Balance                 Loans       Balance
<S>              <C>      <C>           <C>          <C>        <C>         <C>          <C>        <C>
0-29 Days          0              0.00  0-29 Days      0              0.00  0-29 Days      0              0.00
30 Days            9      3,260,819.73  30 Days        0              0.00  30 Days        0              0.00
60 Days            2        558,117.66  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
                 ---------------------               ---------------------               ---------------------
                   11     3,818,937.39                 0              0.00                 0              0.00
</TABLE>

<TABLE>
<CAPTION>
               REO                                 TOTAL
---------------------------------  -------------------------------------
             No. of    Principal                No. of      Principal
             Loans      Balance                 Loans        Balance
<S>          <C>       <C>         <C>          <C>         <C>
0-29 Days      0             0.00  0-29 Days      0                 0.00
30 Days        0             0.00  30 Days        9         3,260,819.73
60 Days        0             0.00  60 Days        2           558,117.66
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                 11        3,818,937.39
</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>
0-29 Days       0.000000%    0.000000%   0-29 Days  0.000000%    0.000000%   0-29 Days  0.000000%    0.000000%
30 Days         0.614754%    0.602303%   30 Days    0.000000%    0.000000%   30 Days    0.000000%    0.000000%
60 Days         0.136612%    0.103089%   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%
                ---------------------               ---------------------               ---------------------
                0.751366%    0.705393%              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   0.000000%   0.000000%   0-29 Days  0.000000%     0.000000%
30 Days     0.000000%   0.000000%   30 Days    0.614754%     0.602303%
60 Days     0.000000%   0.000000%   60 Days    0.136612%     0.103089%
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%              0.751366%     0.705393%
</TABLE>

Current Period Class A Insufficient Funds:                            0.00
Principal Balance of Contaminated Properties                          0.00
Periodic Advance                                                  9,091.32
<PAGE>
<TABLE>
<CAPTION>
                    Original $         Original %            Current $           Current %        Current Class %      Prepayment %
                    ----------         ----------            ---------           ---------        ---------------      ------------
<S>               <C>                  <C>                <C>                  <C>                <C>                 <C>
 Class A          570,533,086.78        99.99998247%      541,404,351.72       100.00000000%          96.311613%          0.000000%
 Class 1A         188,844,086.78        33.09957968%      171,914,035.29        31.75335306%          68.246647%      1,850.311537%
 Class 2A          19,969,086.78         3.50007453%       19,969,086.78         3.68838683%          28.064966%        760.900837%
Class B-1          12,267,086.78         2.15010924%       12,267,086.78         2.26579021%           1.422597%         38.569616%
Class B-2           7,703,086.78         1.35015578%        7,703,086.78         1.42279735%           0.842993%         22.855327%
Class B-3           4,279,086.78         0.75001540%        4,279,086.78         0.79036801%           0.632429%         17.146503%
Class B-4           2,853,086.78         0.50007376%        2,853,086.78         0.52697892%           0.263389%          7.141038%
Class B-5           1,997,086.78         0.35003867%        1,997,086.78         0.36887158%           0.158107%          4.286626%
Class B-6                   0.00         0.00000000%                0.00         0.00000000%           0.368872%         10.000892%
</TABLE>

Please refer to the prospectus supplement for a full description of loss
exposure


<TABLE>
<CAPTION>
                              Original $         Original %          Current $           Current %
<S>                         <C>                  <C>               <C>                   <C>
              Bankruptcy       100,000.00        0.01752746%          100,000.00         0.01847048%
                   Fraud    17,115,996.00        3.00000007%       17,115,996.00         3.16140717%
          Special Hazard     6,000,000.00        1.05164785%        5,999,000.00         1.10804429%
</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            7      2,622,356.73  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
                 ---------------------               --------------------                ---------------------
                   7      2,622,356.73                 0             0.00                  0              0.00
</TABLE>

<TABLE>
<CAPTION>
               REO                                 TOTAL
----------------------------------  -----------------------------------
              No. of    Principal                 No. of     Principal
              Loans      Balance                  Loans       Balance
<S>           <C>       <C>         <C>           <C>      <C>
0-29 Days       0             0.00  0-29 Days       0              0.00
30 Days         0.            0.00  30 Days         7      2,622,356.73
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                  7      2,622,356.73
</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>
0-29 Days        0.000000%    0.000000%   0-29 Days  0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days          0.697906%    0.684097%   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%
                 ---------------------               --------------------                ---------------------
                 0.697906%    0.684097%              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   0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days     0.000000%   0.000000%   30 Days     0.697906%    0.684097%
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%               0.697906%    0.684097%
</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           2         638,463.00  30 Days         0             0.00  30 Days         0             0.00
60 Days           2         558,117.66  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
                ----------------------                --------------------                --------------------
                  4       1,196,580.66                  0             0.00                  0             0.00
</TABLE>

<TABLE>
<CAPTION>
                REO                                 TOTAL
-----------------------------------  ------------------------------------
              No. of     Principal                 No. of     Principal
               Loans      Balance                  Loans       Balance
<S>           <C>        <C>         <C>           <C>        <C>
0-29 Days        0             0.00  0-29 Days       0               0.00
30 Days          0             0.00  30 Days         2         638,463.00
60 Days          0             0.00  60 Days         2         558,117.66
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                  4       1,196,580.66
</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>
0-29 Days       0.000000%    0.000000%    0-29 Days   0.000000%   0.000000%   0-29 Days   0.000000%   0.000000%
30 Days         0.433839%    0.403936%    30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days         0.433839%    0.353104%    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%
                ----------------------                --------------------                --------------------
                0.867679%    0.757040%                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    0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days      0.000000%   0.000000%   30 Days     0.433839%    0.403936%
60 Days      0.000000%   0.000000%   60 Days     0.433839%    0.353104%
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%               0.867679%    0.757040%
</TABLE>

<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                                 Mixed Arm
<S>                                                              <C>
Weighted Average Gross Coupon                                          3.189160%
Weighted Average Net Coupon                                            2.813681%
Weighted Average Pass-Through Rate                                     2.804681%
Weighted Average Maturity (Stepdown Calculation)                            326

Beginning Scheduled Collateral Loan Count                                 1,474
Number of Loans Paid in Full                                                 10
Ending Scheduled Collateral Loan Count                                    1,464

Beginning Scheduled Collateral Balance                           547,071,023.39
Ending Scheduled Collateral Balance                              541,404,351.73
Ending Actual Collateral Balance at 28-Feb-2003                  541,391,556.93

Monthly P&I Constant                                               1,453,917.34
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                             6,898,586.88

Ending Scheduled Balance for Premium Loans                       541,404,351.73

Scheduled Principal                                                        3.00
Unscheduled Principal                                              5,666,668.66
</TABLE>


                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                  <C>
               Pro Rata Senior Percent                96.349818%
               Senior Percentage                     100.000000%
               Senior Prepay Percentage              100.000000%
               Subordinate Percentage                  0.000000%
               Subordinate Prepayment Percentage       0.000000%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 GROUP                           1                    2                  TOTAL
<S>                                     <C>                    <C>                    <C>
Collateral Description                       Mixed ARM            6 Month ARM              Mixed ARM
Weighted Average Coupon Rate                  3.102679               3.393469               3.189160
Weighted Average Net Rate                     2.762996               3.018469               2.813681
Pass-Through Rate                             2.717996               3.009469               2.804681
Weighted Average Maturity                          310                    352                    326
Record Date                                 02/28/2003             02/28/2003             02/28/2003
Principal and Interest Constant             993,817.39             460,099.95           1,453,917.34
Beginning Loan Count                             1,005                    469                  1,474
Loans Paid in Full                                   2                      8                     10
Ending Loan Count                                1,003                    461                  1,464
Beginning Scheduled Balance             384,371,301.72         162,699,721.67         547,071,023.39
Ending Scheduled Balance                383,334,403.22         158,069,948.51         541,404,351.73
Scheduled Principal                               0.10                   2.90                   3.00
Unscheduled Principal                     1,036,898.40           4,629,770.26           5,666,668.66
Scheduled Interest                          993,817.29             460,097.05           1,453,914.34
Servicing Fee                               120,334.77              50,843.66             171,178.43
Master Servicing Fee                          2,882.78               1,220.25               4,103.03
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                                870,599.74             408,033.14           1,278,632.88
Realized Loss Amount                              0.00                   0.00                   0.00
Cumulative Realized Loss                          0.00                   0.00                   0.00
Percentage of Cumulative Losses                   0.00                   0.00                   0.00
Prepayment Penalties                              0.00                   0.00                   0.00
Special Servicing Fee                             0.00                   0.00                   0.00
</TABLE>


                             MISCELLANEOUS REPORTING

<TABLE>
<CAPTION>
            Group 1
            -------
<S>                                                   <C>
            One Month LIBOR Loans                     204,169,860.61
            Six Month LIBOR Loans                     179,164,542.61
</TABLE>