<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: MARCH 31, 2003
                        DISTRIBUTION DATE: APRIL 21, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                              Certificate     Certificate        Beginning
                                 Class        Pass-Through      Certificate        Interest         Principal
   Class          CUSIP       Description         Rate            Balance        Distribution     Distribution
-----------     ---------     -----------     -------------    --------------    --------------   --------------
<S>             <C>           <C>             <C>              <C>               <C>              <C>
    1A          81743SAA8         SEN               1.63375%   369,490,316.43        503,045.67     2,226,165.63
    2A          81743SAB6         SEN               3.00471%   151,944,948.51        380,458.28     2,953,063.28
   X-1A         81743SAC4          IO               1.07472%             0.00        176,250.77             0.00
   X-1B         81743SAD2          IO               1.09054%             0.00        156,941.95             0.00
    X-B         81743SAE0          IO               0.77071%             0.00          4,946.67             0.00
    A-R         81743SAF7         SEN               3.16257%             0.00              0.00             0.00
    B-1         81743SAG5         SUB               2.03375%     7,702,000.00         13,053.29             0.00
    B-2         81743SAH3         SUB               2.80446%     4,564,000.00         10,666.30             0.00
    B-3         81743SAJ9         SUB               2.80446%     3,424,000.00          8,002.06             0.00
    B-4         SMT0209B4         SUB               2.80446%     1,426,000.00          3,332.63             0.00
    B-5         SMR0209B5         SUB               2.80446%       856,000.00          2,000.51             0.00
    B-6         SMT0209B6         SUB               2.80446%     1,997,086.78          4,667.29             0.00
-----------     ---------     -----------     -------------    --------------    --------------   --------------
Totals                                                         541,404,351.72      1,263,365.42     5,179,228.91
-----------     ---------     -----------     -------------    --------------    --------------   --------------
</TABLE>

<TABLE>
<CAPTION>
                                                   Ending
                                 Current         Certificate         Total          Cumulative
   Class          CUSIP       Realized Loss        Balance        Distribution     Realized Loss
-----------     ---------     ---------------   --------------    --------------   --------------
<S>             <C>           <C>               <C>               <C>              <C>
    1A          81743SAA8                0.00   367,264,150.80      2,729,211.30             0.00
    2A          81743SAB6                0.00   148,991,885.23      3,333,521.56             0.00
   X-1A         81743SAC4                0.00             0.00        176,250.77             0.00
   X-1B         81743SAD2                0.00             0.00        156,941.95             0.00
    X-B         81743SAE0                0.00             0.00          4,946.67             0.00
    A-R         81743SAF7                0.00             0.00              0.00             0.00
    B-1         81743SAG5                0.00     7,702,000.00         13,053.29             0.00
    B-2         81743SAH3                0.00     4,564,000.00         10,666.30             0.00
    B-3         81743SAJ9                0.00     3,424,000.00          8,002.06             0.00
    B-4         SMT0209B4                0.00     1,426,000.00          3,332.63             0.00
    B-5         SMR0209B5                0.00       856,000.00          2,000.51             0.00
    B-6         SMT0209B6                0.00     1,997,086.78          4,667.29             0.00
-----------     ---------     ---------------   --------------    --------------   --------------
Totals                                   0.00   536,225,122.81      6,442,594.33             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    369,490,316.43           0.07    2,226,165.56         0.00          0.00
    2A        168,875,000.00    151,944,948.51           0.23    2,953,063.05         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    541,404,351.72           0.30    5,179,228.61         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            2,226,165.63      367,264,150.80          0.96220785       2,226,165.53
    2A            2,953,063.28      148,991,885.23          0.88226135       2,953,063.28
   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            5,179,228.91      536,225,122.81          0.93986666       5,179,228.91
-----------   ----------------     ---------------     ---------------   ----------------
</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      968.04025379     0.00000018      5.83240691    0.00000000     0.00000000
    2A        168,875,000.00      899.74802967     0.00000136     17.48667979    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          5.83240709        962.20784670          0.96220785         5.83240709
    2A         17.48668115        882.26134851          0.88226135        17.48668115
   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         1.63375%    369,490,316.43     503,045.67          0.00          0.00
   2A         168,875,000.00         3.00471%    151,944,948.51     380,458.29          0.00          0.00
  X-1A                  0.00         1.07472%    196,796,284.83     176,250.77          0.00          0.00
  X-1B                  0.00         1.09054%    172,694,031.60     156,941.96          0.00          0.00
   X-B                  0.00         0.77071%      7,702,000.00       4,946.67          0.00          0.00
   A-R                100.00         3.16257%              0.00           0.00          0.00          0.00
   B-1          7,702,000.00         2.03375%      7,702,000.00      13,053.29          0.00          0.00
   B-2          4,564,000.00         2.80446%      4,564,000.00      10,666.30          0.00          0.00
   B-3          3,424,000.00         2.80446%      3,424,000.00       8,002.06          0.00          0.00
   B-4          1,426,000.00         2.80446%      1,426,000.00       3,332.63          0.00          0.00
   B-5            856,000.00         2.80446%        856,000.00       2,000.51          0.00          0.00
   B-6          1,997,086.78         2.80446%      1,997,086.78       4,667.29          0.00          0.00
---------    ---------------    ------------   ----------------    -----------   -----------   -----------
 Totals       570,533,186.78                                      1,263,365.44          0.00          0.00
---------    ---------------    ------------   ----------------    -----------   -----------   -----------
</TABLE>

<TABLE>
<CAPTION>
               Non-                                      Remaining         Ending
             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       503,045.67          0.00     367,264,150.80
   2A              0.00         0.00       380,458.28          0.00     148,991,885.23
  X-1A             0.00         0.00       176,250.77          0.00     196,398,774.06
  X-1B             0.00         0.00       156,941.95          0.00     170,865,376.74
   X-B             0.00         0.00         4,946.67          0.00       7,702,000.00
   A-R             0.00         0.00             0.00          0.00               0.00
   B-1             0.00         0.00        13,053.29          0.00       7,702,000.00
   B-2             0.00         0.00        10,666.30          0.00       4,564,000.00
   B-3             0.00         0.00         8,002.06          0.00       3,424,000.00
   B-4             0.00         0.00         3,332.63          0.00       1,426,000.00
   B-5             0.00         0.00         2,000.51          0.00         856,000.00
   B-6             0.00         0.00         4,667.29          0.00       1,997,086.78
---------    ----------   ----------  ---------------   -----------    ---------------
 Totals            0.00         0.00     1,263,365.42          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
            Original Face    Certificate     Certificate/        Accrued        Interest      Interest
Class (5)       Amount          Rate       Notional Balance     Interest        Shortfall     Shortfall
---------   ---------------  -----------   ----------------     -----------    -----------   ----------
<S>         <C>              <C>           <C>                  <C>            <C>           <C>
   1A        381,698,000.00    1.63375%       968.04025379       1.31794647     0.00000000   0.00000000
   2A        168,875,000.00    3.00471%       899.74802967       2.25289883     0.00000000   0.00000000
  X-1A                 0.00    1.07472%       965.79335993       0.86496462     0.00000000   0.00000000
  X-1B                 0.00    1.09054%       970.61351721       0.88208021     0.00000000   0.00000000
   X-B                 0.00    0.77071%      1000.00000000       0.64225786     0.00000000   0.00000000
   A-R               100.00    3.16257%         0.00000000       0.00000000     0.00000000   0.00000000
   B-1         7,702,000.00    2.03375%      1000.00000000       1.69479226     0.00000000   0.00000000
   B-2         4,564,000.00    3.80446%      1000.00000000       2.33705083     0.00000000   0.00000000
   B-3         3,424,000.00    3.80446%      1000.00000000       2.33705023     0.00000000   0.00000000
   B-4         1,426,000.00    3.80446%      1000.00000000       2.33704769     0.00000000   0.00000000
   B-5           856,000.00    3.80446%      1000.00000000       2.33704439     0.00000000   0.00000000
   B-6         1,997,086.78    3.80446%      1000.00000000       2.33704917     0.00000000   0.00000000
</TABLE>

<TABLE>
<CAPTION>
               Non-                                        Remaining
            Supported                                       Unpaid
             Interest      Realized      Total Interest    Interest    Ending Certificate/
Class (5)   Shortfall      Loss (6)       Distribution     Shortfall   Notational Balance
---------   ----------     ----------    --------------   ----------   ------------------
<S>         <C>            <C>           <C>              <C>          <C>
   1A       0.00000000     0.00000000        1.31794647   0.00000000         962.20784670
   2A       0.00000000     0.00000000        2.25289877   0.00000000         882.26134851
  X-1A      0.00000000     0.00000000        0.86496462   0.00000000         963.84254433
  X-1B      0.00000000     0.00000000        0.88208015   0.00000000         960.33570327
   X-B      0.00000000     0.00000000        0.64225786   0.00000000        1000.00000000
   A-R      0.00000000     0.00000000        0.00000000   0.00000000           0.00000000
   B-1      0.00000000     0.00000000        1.69479226   0.00000000        1000.00000000
   B-2      0.00000000     0.00000000        2.33705083   0.00000000        1000.00000000
   B-3      0.00000000     0.00000000        2.33705023   0.00000000        1000.00000000
   B-4      0.00000000     0.00000000        2.33704769   0.00000000        1000.00000000
   B-5      0.00000000     0.00000000        2.33704439   0.00000000        1000.00000000
   B-6      0.00000000     0.00000000        2.33704917   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

<TABLE>
<S>                                                                <C>
CERTIFICATE ACCOUNT

Beginning Balance                                                           0.00

Deposits
         Payments of Interest and Principal                        67,614,383.32
         Liquidations, Insurance Proceeds, Reserve Funds                    0.00
         Proceeds from Repurchased Loans                                    0.00
         Other Amounts (Servicer Advances)                              1,679.17
         Realized Losses                                                    0.00
         Prepayment Penalties                                               0.00
                                                                   -------------
Total Deposits                                                      6,616,062.49

Withdrawals
         Reimbursement for Servicer Advances                                0.00
         Payment of Service Fee                                       173,468.15
         Payment of Interest and Principal                          6,442,594.34
                                                                   -------------
Total Withdrawals (Pool Distribution Amount)                        6,616,062.49

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                                                   169,407.62
Master Servicing Fee                                                    4,060.53
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                   -------------

Net Servicing Fee                                                     173,468.15
                                                                   =============
</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            1        281,003.92  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          1        500,000.00  180+ Days      0              0.00  180+ Days      0              0.00
                 ---------------------               ---------------------               ---------------------
                   2        781,003.92                 0              0.00                 0              0.00
</TABLE>

<TABLE>
<CAPTION>
                 No. of     Principal                No. of     Principal                No. of     Principal
                 Loans       Balance                 Loans       Balance                 Loans       Balance
<S>            <C>         <C>          <C>        <C>          <C>         <C>        <C>          <C>
0-29 Days      0.000000%    0.000000%   0-29 Days  0.000000%    0.000000%   0-29 Days  0.000000%    0.000000%
30 Days        0.068918%   0.0562405%   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      0.068918%    0.093246%   180+ Days  0.000000%    0.000000%   180+ Days  0.000000%    0.000000%
               ----------------------              ----------------------              ----------------------
               0.137836%    0.145650%              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           281,003.92
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      1           500,000.00
             --------------------               ------------------------
               0             0.00                 2           781,003.92
</TABLE>

<TABLE>
<CAPTION>
             No. of    Principal                No. of      Principal
             Loans      Balance                 Loans        Balance
<S>        <C>         <C>         <C>        <C>           <C>
0-29 Days  0.000000%   0.000000%   0-29 Days  0.000000%     0.000000%
30 Days    0.000000%   0.000000%   30 Days    0.068918%     0.0562405%
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  0.068918%     0.093246%
           ---------------------              -----------------------
           0.000000%   0.000000%              0.137836%     0.145650%
</TABLE>

Current Period Class A Insufficient Funds:                             0.00
Principal Balance of Contaminated Properties                           0.00
Periodic Advance                                                   1,679.17
<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%    536,225,122.81     100.00000000%        96.275988%         0.000000%
       Class 1A       188,844,086.78     33.09957968%    168,960,972.01      31.50933532%        68.490665%     1,839.163477%
       Class 2A        19,969,086.78      3.50007453%     19,969,086.78       3.72401179%        27.785324%       746.112663%
      Class B-1        12,267,086.78      2.15010924%     12,267,086.78       2.28767476%         1.436337%        38.569616%
      Class B-2         7,703,086.78      1.35015578%      7,703,086.78       1.43653970%         0.851135%        22.855327%
      Class B-3         4,279,086.78      0.75001540%      4,279,086.78       0.79800192%         0.638538%        17.146503%
      Class B-4         2,853,086.78      0.50007376%      2,853,086.78       0.53206884%         0.265933%         7.141038%
      Class B-5         1,997,086.78      0.35003867%      1,997,086.78       0.37243439%         0.159634%         4.286626%
      Class B-6                 0.00      0.00000000%              0.00       0.00000000%         0.372434%        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    0.01864888%
            Fraud   17,115,996.00    3.00000007%    17,115,996.00    3.19194220%
   Special Hazard    6,000,000.00    1.05164785%     5,998,997.50    1.11874607%
</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            1        281,003.92  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          1        500,000.00  180+Days       0             0.00  180+ Days       0              0.00
                 ---------------------               --------------------                ---------------------
                   2        781,003.92                 0             0.00                  0              0.00
</TABLE>

<TABLE>
<CAPTION>
                 No. of     Principal                No. of    Principal                 No. of     Principal
                 Loans       Balance                 Loans      Balance                  Loans       Balance
<S>            <C>          <C>         <C>        <C>         <C>         <C>         <C>          <C>
0-29 Days      0.000000%    0.000000%   0-29 Days  0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days        0.100301%    0.073733%   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      0.100301%    0.131196%   180+Days   0.000000%   0.000000%   180+ Days   0.000000%    0.000000%
               ----------------------              ---------------------               ----------------------
               0.200602%    0.204930%              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        281,003.92
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        1        500,000.00
              --------------------                 --------------------
                0             0.00                  2        781,003.92
</TABLE>

<TABLE>
<CAPTION>
              No. of    Principal                 No. of     Principal
              Loans      Balance                  Loans       Balance
<S>         <C>         <C>         <C>         <C>          <C>
0-29 Days   0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days     0.000000%   0.000000%   30 Days     0.100301%    0.073733%
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   0.100301%    0.131196%
            ---------------------               ----------------------
            0.000000%   0.000000%               0.200602%    0.204930%
</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           0               0.00  30 Days         0             0.00  30 Days         0             0.00
60 Days           0               0.00  60 Days         0             0.00  60 Days         0             0.00
90 Days           0               0.00  90 Days         0             0.00  90 Days         0             0.00
120 Days          0               0.00  120 Days        0             0.00  120 Days        0             0.00
150 Days          0               0.00  150 Days        0             0.00  150 Days        0             0.00
180+ Days         0               0.00  180+ Days       0             0.00  180+ Days       0             0.00
               -----------------------                --------------------                --------------------
                  0               0.00                  0             0.00                  0             0.00
</TABLE>

<TABLE>
<CAPTION>
               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       0.000000%    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
</TABLE>

<TABLE>
<CAPTION>
              No. of     Principal                 No. of     Principal
               Loans      Balance                  Loans       Balance
<S>          <C>         <C>         <C>         <C>          <C>
0-29 Days    0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days      0.000000%   0.000000%   30 Days     0.000000%    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                                          3.184681%
Weighted Average Net Coupon                                            2.809196%
Weighted Average Pass-Through Rate                                     2.800196%
Weighted Average Maturity (Stepdown Calculation)                            325

Beginning Scheduled Collateral Loan Count                                 1,464
Number of Loans Paid in Full                                                 13
Ending Scheduled Collateral Loan Count                                    1,451

Beginning Scheduled Collateral Balance                           541,404,351.73
Ending Scheduled Collateral Balance                              536,225,122.82
Ending Actual Collateral Balance at 31-Mar-2003                  536,218,118.28

Monthly P&I Constant                                               1,436,833.88
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                             6,395,925.59

Ending Scheduled Balance for Premium Loans                       536,225,122.82

Scheduled Principal                                                        0.30
Unscheduled Principal                                              5,179,228.61
</TABLE>


                            MISCELLANEOUS REPORTING

<TABLE>
<S>                                                            <C>
      Pro Rata Senior Percent                                   96.311613%
      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

Collateral Description                          Mixed ARM        6 Month ARM                Mixed ARM
<S>                                        <C>                <C>                      <C>
Weighted Average Coupon Rate                     3.100550           3.388706                 3.184681
Weighted Average Net Rate                        2.724866           3.013706                 2.809196
Pass-Through Rate                                2.715866           3.004706                 2.800196
Weighted Average Maturity                             309                351                      325
Record Date                                    03/31/2003         03/31/2003               03/31/2003
Principal and Interest Constant                990,456.46         446,377.42             1,436,833.88
Beginning Loan Count                                1,003                461                    1,464
Loans Paid in Full                                      6                  7                       13
Ending Loan Count                                     997                454                    1,451
Beginning Scheduled Balance                383,334,403.22     158,069,948.51           541,404,351.73
Ending Scheduled Balance                   381,108,237.59     155,116,885.23           536,225,122.82
Scheduled Principal                                  0.07               0.23                     0.30
Unscheduled Principal                        2,226,165.56       2,953,063.05             5,179,228.61
Scheduled Interest                             990,456.39         446,377.19             1,436,833.58
Servicing Fee                                  120,010.76          49,396.86               169,407.62
Master Servicing Fee                             2,875.01           1,185.52                 4,060.53
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                                   867,570.62          395,794.81            1,263,365.43
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                                203,802,060.41
      Six Month LIBOR Loans                                177,306,177.18
</TABLE>