<PAGE>
                                  EXHIBIT 10.1

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

                               SMT SERIES 2002-10
                           RECORD DATE: MARCH 31, 2003
                        DISTRIBUTION DATE: APRIL 21, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                     Certificate   Certificate       Beginning
                        Class      Pass-Through     Certificate        Interest
 Class     CUSIP     Description       Rate           Balance        Distribution
------   ---------   -----------   ------------   ----------------   ------------
<S>      <C>         <C>           <C>            <C>                <C>

  1A     81743VAA1       SEN           1.68375%     797,231,976.84   1,118,616.12
 2A-1    81743VAB9       SEN           1.66375%     185,348,095.17     256,977.41
 2A-2    81743VAN3       SEN           1.96375%       3,500,000.00       5,727.60
 X-1A    81743VAC7        IO           1.20506%               0.00     381,573.45
 X-1B    81743VAD5        IO           1.28442%               0.00     446,616.40
  X-2    81743VAP8        IO           1.30123%               0.00     204,779.49
  X-B    81743VAE3        IO           0.74405%               0.00      15,950.61
  A-R    81743VAF0       SEN           3.37674%               0.00           0.00
  B-1    81743VAG8       SUB           2.08375%      12,600,000.00      21,879.38
  B-2    81743VAH6       SUB           2.08375%       8,400,000.00      14,586.25
  B-3    81743VAJ2       SUB           2.68375%       4,725,000.00      10,567.27
  B-4    SMT0210B4       SUB           2.93801%       2,625,000.00       6,426.89
  B-5    SMT0210B5       SUB           2.93801%       2,100,000.00       5,141.51
  B-6    SMT0210B6       SUB           2.93801%       3,685,162.00       9,022.52
                                                  ----------------   ------------
Totals                                            1,020,215,234.01   2,497,864.90
</TABLE>

<TABLE>
<CAPTION>
                        Current         Ending                       Cumulative
           Principal    Realized      Certificate        Total        Realized
 Class   Distribution     Loss          Balance       Distribution      Loss
------   ------------   --------   ----------------   ------------   ----------
<S>      <C>            <C>        <C>                <C>            <C>

  1A     6,291,804.20       0.00     790,940,172.64   7,410,420.32         0.00
 2A-1      305,471.38       0.00     185,042,623.79     562,448.79         0.00
 2A-2            0.00       0.00       3,500,000.00       5,727.60         0.00
 X-1A            0.00       0.00               0.00     381,573.45         0.00
 X-1B            0.00       0.00               0.00     446,616.40         0.00
  X-2            0.00       0.00               0.00     204,779.49         0.00
  X-B            0.00       0.00               0.00      15,950.61         0.00
  A-R            0.00       0.00               0.00           0.00         0.00
  B-1            0.00       0.00      12,600,000.00      21,879.38         0.00
  B-2            0.00       0.00       8,400,000.00      14,586.25         0.00
  B-3            0.00       0.00       4,725,000.00      10,567.27         0.00
  B-4            0.00       0.00       2,625,000.00       6,426.89         0.00
  B-5            0.00       0.00       2,100,000.00       5,141.51         0.00
  B-6            0.00       0.00       3,685,162.00       9,022.52         0.00
         ------------   --------   ----------------   ------------   ----------
Totals   6,597,275.58       0.00   1,013,617,958.43   9,095,140.48         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
 Class        Amount             Balance       Distribution   Distribution   Accretion
 -----   ----------------   ----------------   ------------   ------------   ---------
<S>      <C>                <C>                <C>            <C>            <C>

  1A       822,375,000.00     797,231,976.84           0.00   6,291,804.20        0.00
 2A-1      190,000,000.00     185,348,095.17           0.00     305,471.38        0.00
 2A-2        3,500,000.00       3,500,000.00           0.00           0.00        0.00
 X-1A                0.00               0.00           0.00           0.00        0.00
 X-1B                0.00               0.00           0.00           0.00        0.00
  X-2                0.00               0.00           0.00           0.00        0.00
  X-B                0.00               0.00           0.00           0.00        0.00
  A-R              100.00               0.00           0.00           0.00        0.00
  B-1       12,600,000.00      12,600,000.00           0.00           0.00        0.00
  B-2        8,400,000.00       8,400,000.00           0.00           0.00        0.00
  B-3        4,725,000.00       4,725,000.00           0.00           0.00        0.00
  B-4        2,625,000.00       2,625,000.00           0.00           0.00        0.00
  B-5        2,100,000.00       2,100,000.00           0.00           0.00        0.00
  B-6        3,685,162.00       3,685,162.00           0.00           0.00        0.00
         ----------------   ----------------   ------------   ------------   ---------
Totals   1,050,010,262.00   1,020,215,234.01           0.00   6,597,275.58        0.00
</TABLE>

<TABLE>
<CAPTION>
                       Total             Ending           Ending        Total
         Realized    Principal        Certificate      Certificate     Principal
 Class   Loss (1)    Reduction          Balance         Percentage   Distribution
 -----   --------   ------------   ----------------    -----------   ------------
<S>      <C>        <C>            <C>                 <C>           <C>

  1A         0.00   6,291,804.20     790,940,172.64     0.96177556   6,291,804.20
 2A-1        0.00     305,471.38     185,042,623.79     0.97390855     305,471.38
 2A-2        0.00           0.00       3,500,000.00     1.00000000           0.00
 X-1A        0.00           0.00               0.00     0.00000000           0.00
 X-1B        0.00           0.00               0.00     0.00000000           0.00
  X-2        0.00           0.00               0.00     0.00000000           0.00
  X-B        0.00           0.00               0.00     0.00000000           0.00
  A-R        0.00           0.00               0.00     0.00000000           0.00
  B-1        0.00           0.00      12,600,000.00     1.00000000           0.00
  B-2        0.00           0.00       8,400,000.00     1.00000000           0.00
  B-3        0.00           0.00       4,725,000.00     1.00000000           0.00
  B-4        0.00           0.00       2,625,000.00     1.00000000           0.00
  B-5        0.00           0.00       2,100,000.00     1.00000000           0.00
  B-6        0.00           0.00       3,685,162.00     1.00000000           0.00
         --------   ------------   ----------------                  ------------
Totals       0.00   6,597,275.58   1,013,617,958.43                  6,597,275.58
</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
 Class       Amount          Balance      Distribution   Distribution    Accretion
------   --------------   -------------   ------------   ------------   ----------
<S>      <C>              <C>             <C>            <C>            <C>

  1A     822,375,000.00    969.42632843     0.00000000     7.65077270   0.00000000
 2A-1    190,000,000.00    975.51629037     0.00000000     1.60774411   0.00000000
 2A-2      3,500,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
 X-1A              0.00      0.00000000     0.00000000     0.00000000   0.00000000
 X-1B              0.00      0.00000000     0.00000000     0.00000000   0.00000000
  X-2              0.00      0.00000000     0.00000000     0.00000000   0.00000000
  X-B              0.00      0.00000000     0.00000000     0.00000000   0.00000000
  A-R            100.00      0.00000000     0.00000000     0.00000000   0.00000000
  B-1     12,600,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
  B-2      8,400,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
  B-3      4,725,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
  B-4      2,625,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
  B-5      2,100,000.00   1000.00000000     0.00000000     0.00000000   0.00000000
  B-6      3,685,162.00   1000.00000000     0.00000000     0.00000000   0.00000000
</TABLE>

<TABLE>
<CAPTION>
                        Total         Ending          Ending        Total
          Realized    Principal     Certificate    Certificate    Principal
 Class    Loss (3)    Reduction       Balance       Percentage   Distribution
------   ----------   ----------   -------------   -----------   ------------
<S>      <C>          <C>          <C>             <C>           <C>

  1A     0.00000000   7.65077270    961.77555573    0.96177556     7.65077270
 2A-1    0.00000000   1.60774411    973.90854626    0.97390855      1.6077441
 2A-2    0.00000000   0.00000000   1000.00000000    1.00000000     0.00000000
 X-1A    0.00000000   0.00000000      0.00000000    0.00000000     0.00000000
 X-1B    0.00000000   0.00000000      0.00000000    0.00000000     0.00000000
  X-2    0.00000000   0.00000000      0.00000000    0.00000000     0.00000000
  X-B    0.00000000   0.00000000      0.00000000    0.00000000     0.00000000
  A-R    0.00000000   0.00000000      0.00000000    0.00000000     0.00000000
  B-1    0.00000000   0.00000000   1000.00000000    1.00000000     0.00000000
  B-2    0.00000000   0.00000000   1000.00000000    1.00000000     0.00000000
  B-3    0.00000000   0.00000000   1000.00000000    1.00000000     0.00000000
  B-4    0.00000000   0.00000000   1000.00000000    1.00000000     0.00000000
  B-5    0.00000000   0.00000000   1000.00000000    1.00000000     0.00000000
  B-6    0.00000000   0.00000000   1000.00000000    1.00000000     0.00000000
</TABLE>

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

<TABLE>
<CAPTION>
                                            Beginning                     Payment of
                              Current      Certificate/      Current        Unpaid
          Original Face     Certificate      Notional        Accrued       Interest
 Class       Amount            Rate          Balance         Interest     Shortfall
 -----       ------            ----          -------         --------     ---------
<S>      <C>                <C>           <C>              <C>            <C>

  1A       822,375,000.00      1.68375%   797,231,976.84   1,118,616.12         0.00
 2A-1      190,000,000.00      1.66375%   185,348,095.17     256,977.41         0.00
 2A-2        3,500,000.00      1.96375%     3,500,000.00       5,727.60         0.00
 X-1A                0.00      1.20506%   379,970,434.22     381,573.45         0.00
 X-1B                0.00      1.28442%   417,261,542.62     446,616.40         0.00
  X-2                0.00      1.30123%   188,848,095.17     204,779.49         0.00
  X-B                0.00      0.74405%    25,725,000.00      15,950.61         0.00
  A-R              100.00      3.37674%             0.00           0.00         0.00
  B-1       12,600,000.00      2.08375%    12,600,000.00      21,879.38         0.00
  B-2        8,400,000.00      2.08375%     8,400,000.00      14,586.25         0.00
  B-3        4,725,000.00      2.68375%     4,725,000.00      10,567.27         0.00
  B-4        2,625,000.00      2.93801%     2,625,000.00       6,426.89         0.00
  B-5        2,100,000.00      2.93801%     2,100,000.00       5,141.51         0.00
  B-6        3,685,162.00      2.93801%     3,685,162.00       9,022.52         0.00
         ----------------                                  ------------   ----------
Totals   1,050,010,262.00                                  2,497,864.90         0.00
</TABLE>

<TABLE>
<CAPTION>
                       Non-                                Remaining       Ending
          Current    Supported                 Total        Unpaid      Certificate/
          Interest   Interest    Realized     Interest     Interest      Notational
 Class   Shortfall   Shortfall   Loss (4)   Distribution   Shortfall       Balance
 -----   ---------   ---------   --------   ------------   ---------   --------------
<S>      <C>         <C>         <C>        <C>            <C>         <C>

  1A          0.00        0.00       0.00   1,118,616.12        0.00   790,940,172.64
 2A-1         0.00        0.00       0.00     256,977.41        0.00   185,042,623.79
 2A-2         0.00        0.00       0.00       5,727.60        0.00     3,500,000.00
 X-1A         0.00        0.00       0.00     381,573.45        0.00   377,831,666.52
 X-1B         0.00        0.00       0.00     446,616.40        0.00   413,108,506.12
  X-2         0.00        0.00       0.00     204,779.49        0.00   188,542,623.79
  X-B         0.00        0.00       0.00      15,950.61        0.00    25,725,000.00
  A-R         0.00        0.00       0.00           0.00        0.00             0.00
  B-1         0.00        0.00       0.00      21,879.38        0.00    12,600,000.00
  B-2         0.00        0.00       0.00      14,586.25        0.00     8,400,000.00
  B-3         0.00        0.00       0.00      10,567.27        0.00     4,725,000.00
  B-4         0.00        0.00       0.00       6,426.89        0.00     2,625,000.00
  B-5         0.00        0.00       0.00       5,141.51        0.00     2,100,000.00
  B-6         0.00        0.00       0.00       9,022.52        0.00     3,685,162.00
         ---------   ---------   --------   ------------   ---------
Totals        0.00        0.00       0.00   2,497,864.90        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>
                                          Beginning                  Payment of
                            Current      Certificate/    Current       Unpaid
 Class   Original Face    Certificate      Notional      Accrued      Interest
  (5)       Amount           Rate          Balance       Interest     Shortfall
------   --------------   -----------   -------------   ----------   ----------
<S>      <C>              <C>           <C>             <C>          <C>

  1A     822,375,000.00      1.68375%    969.42632843   1.36022632   0.00000000
 2A-1    190,000,000.00      1.66375%    975.51629037   1.35251268   0.00000000
 2A-2      3,500,000.00      1.96375%   1000.00000000   1.63645714   0.00000000
 X-1A              0.00      1.20506%    966.94479746   0.97102414   0.00000000
 X-1B              0.00      1.28442%    971.69718869   1.04005727   0.00000000
  X-2              0.00      1.30123%    975.95914817   1.05829194   0.00000000
  X-B              0.00      0.74405%   1000.00000000   0.62004315   0.00000000
  A-R            100.00      3.37674%      0.00000000   0.00000000   0.00000000
  B-1     12,600,000.00      2.08375%   1000.00000000   1.73645873   0.00000000
  B-2      8,400,000.00      2.80375%   1000.00000000   1.73645833   0.00000000
  B-3      4,725,000.00      2.68375%   1000.00000000   2.23645926   0.00000000
  B-4      2,625,000.00      2.93801%   1000.00000000   2.44833905   0.00000000
  B-5      2,100,000.00      2.93801%   1000.00000000   2.44833810   0.00000000
  B-6      3,685,162.00      2.93801%   1000.00000000   2.44833741   0.00000000
</TABLE>

<TABLE>
<CAPTION>
                         Non-                                   Remaining       Ending
           Current    Supported                    Total         Unpaid      Certificate/
 Class    Interest     Interest     Realized      Interest      Interest      Notational
  (5)     Shortfall   Shortfall     Loss (6)    Distribution    Shortfall       Balance
------   ----------   ----------   ---------    ------------   ----------   -------------
<S>      <C>          <C>          <C>          <C>            <C>          <C>

  1A     0.00000000   0.00000000   0.00000000     1.36022632   0.00000000    961.77555573
 2A-1    0.00000000   0.00000000   0.00000000     1.35251268   0.00000000    973.90854626
 2A-2    0.00000000   0.00000000   0.00000000     1.63645714   0.00000000   1000.00000000
 X-1A    0.00000000   0.00000000   0.00000000     0.97102414   0.00000000    961.50208372
 X-1B    0.00000000   0.00000000   0.00000000     1.04005727   0.00000000    962.02581120
  X-2    0.00000000   0.00000000   0.00000000     1.05829194   0.00000000    974.38048470
  X-B    0.00000000   0.00000000   0.00000000     0.62004315   0.00000000   1000.00000000
  A-R    0.00000000   0.00000000   0.00000000     0.00000000   0.00000000      0.00000000
  B-1    0.00000000   0.00000000   0.00000000     1.73645873   0.00000000   1000.00000000
  B-2    0.00000000   0.00000000   0.00000000     1.73645833   0.00000000   1000.00000000
  B-3    0.00000000   0.00000000   0.00000000     2.23645926   0.00000000   1000.00000000
  B-4    0.00000000   0.00000000   0.00000000     2.44833905   0.00000000   1000.00000000
  B-5    0.00000000   0.00000000   0.00000000     2.44833810   0.00000000   1000.00000000
  B-6    0.00000000   0.00000000   0.00000000     2.44833741   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                         9,306,000.76
         Liquidations, Insurance Proceeds, Reserve Funds                    0.00
         Proceeds from Repurchased Loans                                    0.00
         Other Amounts (Servicer Advances)                              1,684.56
         Realized Losses                                                    0.00
         Prepayment Penalties                                               0.00
                                                                  --------------
Total Deposits                                                      9,307,685.32

Withdrawals

         Reimbursement for Servicer Advances                                0.00
         Payment of Service Fee                                       212,544.84
         Payment of Interest and Principal                          9,095,140.48
                                                                  --------------
Total Withdrawals (Pool Distribution Amount)                        9,307,685.32

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                                                   212,544.84
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                  --------------

Net Servicing Fee                                                     212,544.84
                                                                  ==============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                    Beginning     Current     Current     Ending
           Account Type              Balance    Withdrawals   Deposits   Balance
           ------------              -------    -----------   --------   -------
<S>                                 <C>         <C>           <C>        <C>

Class X-A Basis Risk Reserve Fund    8,000.00      0.00         0.00     8,000.00
Class X-B Basis Risk Reserve Fund    2,000.00      0.00         0.00     2,000.00
</TABLE>


             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
            DELINQUENT                           BANKRUPTCY                         FORECLOSURE
----------------------------------   ---------------------------------   ---------------------------------

              No. of     Principal                 No. of    Principal                 No. of    Principal
              Loans       Balance                  Loans      Balance                  Loans      Balance
<S>         <C>         <C>          <C>         <C>         <C>         <C>         <C>         <C>

0-29 Days       0             0.00   0-29 Days       0           0.00    0-29 Days       0            0.00
30 Days         3       696,115.46   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
            ----------------------               ---------------------               ---------------------
                3       696,115.46                   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     0.110988%    0.068676%   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%
            ----------------------               ---------------------               ---------------------
            0.110988%    0.068676%               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         3       696,115.46
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                   3       696,115.46
</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     0.110988%    0.068676%
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%               0.110988%    0.068676%
</TABLE>


Current Period Class A Insufficient Funds:                       0.00
Principal Balance of Contaminated Properties                     0.00
Periodic Advance                                             1,684.56
<PAGE>
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage

<TABLE>
<CAPTION>
                   Original $      Original %       Current $
               ----------------   ------------   ----------------
<S>            <C>                <C>            <C>

  Class A      1,050,010,162.00   99.99999048%   1,013,617,958.43
 Class 1A        227,635,162.00   21.67932736%     222,677,785.79
Class 2-A-1       37,635,162.00    3.58426611%      37,635,162.00
Class 2-A-2       34,135,162.00    3.25093604%      34,135,162.00
 Class X-2        34,135,162.00    3.25093604%      34,135,162.00
 Class B-1        21,535,162.00    2.05094776%      21,535,162.00
 Class B-2        13,135,162.00    1.25095558%      13,135,162.00
 Class B-3         8,410,162.00    0.80095998%       8,410,162.00
 Class B-4         5,785,162.00    0.55096242%       5,785,162.00
 Class B-5         3,685,162.00    0.35096438%       3,685,162.00
 Class B-6                 0.00    0.00000000%               0.00
</TABLE>

<TABLE>
<CAPTION>
                 Current %     Current Class %    Prepayment %
               -------------   ---------------   -------------
<S>            <C>             <C>               <C>

  Class A      100.00000000%        96.632344%       0.000000%
 Class 1A       21.96861095%        78.031389%   2,317.083401%
Class 2-A-1      3.71295336%        18.255658%     542.088020%
Class 2-A-2      3.36765561%         0.345298%      10.253357%
 Class X-2       3.36765561%         0.000000%       0.000000%
 Class B-1       2.12458371%         1.243072%      36.912085%
 Class B-2       1.29586911%         0.828715%      24.608057%
 Class B-3       0.82971715%         0.466152%      13.842032%
 Class B-4       0.57074383%         0.258973%       7.690018%
 Class B-5       0.36356518%         0.207179%       6.152014%
 Class B-6       0.00000000%         0.363565%      10.795795%
</TABLE>

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


<TABLE>
<CAPTION>
                    Original $    Original %      Current $      Current %
<S>               <C>             <C>           <C>             <C>

    Bankruptcy       163,046.00   0.01552804%      163,046.00   0.01608555%
         Fraud    31,500,308.00   3.00000001%   31,500,308.00   3.10771013%
Special Hazard    11,240,000.00   1.07046573%   11,179,999.98   1.10297967%
</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         2       407,716.18   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
            ----------------------               ---------------------               ---------------------
                2       407,716.18                   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     0.093633%    0.049808%   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%
            ----------------------               ---------------------               ---------------------
            0.093633%    0.049808%               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         2       407,716.18
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                   2       407,716.18
</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     0.093633%    0.049808%
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%               0.093633%    0.049808%
</TABLE>


                                     GROUP 2
<TABLE>
<CAPTION>
              DELINQUENT                            BANKRUPTCY                         FORECLOSURE
----------------------------------   ---------------------------------   ---------------------------------
              No. of     Principal                 No. of    Principal                 No. of    Principal
              Loans       Balance                  Loans      Balance                  Loans      Balance
<S>         <C>         <C>          <C>         <C>         <C>         <C>         <C>         <C>

0-29 Days       0             0.00   0-29 Days       0            0.00   0-29 Days       0            0.00
30 Days         1       288,399.28   30 Days         0            0.00   30 Days         0            0.00
60 Days         0             0.00   60 Days         0            0.00   60 Days         0            0.00
90 Days         0             0.00   90 Days         0            0.00   90 Days         0            0.00
120 Days        0             0.00   120 Days        0            0.00   120 Days        0            0.00
150 Days        0             0.00   150 Days        0            0.00   150 Days        0            0.00
180+ Days       0             0.00   180+ Days       0            0.00   180+ Days       0            0.00
            ----------------------               ---------------------               ---------------------
                1       288,399.28                   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     0.176367%    0.147862%   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%
            ----------------------               ---------------------               ---------------------
            0.176367%    0.147862%               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       288,399.28
60 Days         0            0.00   60 Days         0             0.00
90 Days         0            0.00   90 Days         0             0.00
120 Days        0            0.00   120 Days        0             0.00
150 Days        0            0.00   150 Days        0             0.00
180+ Days       0            0.00   180+ Days       0             0.00
            ---------------------               ----------------------
                0            0.00                   1       288,399.28
</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     0.176367%    0.147862%
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%               0.176367%    0.147862%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                                Mixed ARM
<S>                                                            <C>

Weighted Average Gross Coupon                                          3.188045%
Weighted Average Net Coupon                                            2.938045%
Weighted Average Pass-Through Rate                                     2.938045%
Weighted Average Maturity (Stepdown Calculation)                            292

Beginning Scheduled Collateral Loan Count                                 2,716
Number of Loans Paid in Full                                                 13
Ending Scheduled Collateral Loan Count                                    2,703

Beginning Scheduled Collateral Balance                         1,020,215,234.01
Ending Scheduled Collateral Balance                            1,013,617,958.43
Ending Actual Collateral Balance at 31-Mar-03                  1,013,617,958.81

Monthly P&I Constant                                               2,710,409.73
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                             9,011,566.05

Ending Scheduled Balance for Premium Loans                     1,013,617,958.43

Scheduled Principal                                                        0.00
Unscheduled Principal                                              6,597,275.58
</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            3.180348         3.220543           3.188045
Weighted Average Net Rate               2.930348         0.970543           2.938045
Pass-Through Rate                       2.930348         2.970543           2.938045
Weighted Average Maturity                    292              292                292
Record Date                           03/31/2003       03/31/2003         03/31/2003
Principal and Interest Constant     2,186,128.77       524,280.96       2,710,409.73
Beginning Loan Count                       2,148              586              2,716
Loans Paid in Full                            12                1                 13
Ending Loan Count                          2,136              567              2,703
Beginning Scheduled Balance       824,863,973.84   195,351,260.17   1,020,215,234.01
Ending Scheduled Balance          818,572,169.64   195,045,788.79   1,013,617,958.43
Scheduled Principal                         0.00             0.00               0.00
Unscheduled Principal               6,291,804.20       305,471.38       6,597,275.58
Scheduled Interest                  2,186,128.77       524,280.96       2,710,409.73
Servicing Fee                         171,846.66        40,698.18         212,544.84
Master Servicing Fee                        0.00             0.00               0.00
Trustee Fee                                 0.00             0.00               0.00
FRY Amount                                  0.00             0.00               0.00
Special Hazard Fee                          0.00             0.00               0.00
Other Fee                                   0.00             0.00               0.00
Pool Insurance Fee                          0.00             0.00               0.00
Spread 1                                    0.00             0.00               0.00
Spread 2                                    0.00             0.00               0.00
Spread 3                                    0.00             0.00               0.00
Net Interest                        2,014,282.11       483,582.78       2,497,864.89
Realized Loss Amount                        0.00             0.00               0.00
Cumulative Realized Loss                    0.00             0.00               0.00
Percentage of Cumulative Losses             0.00             0.00               0.00
Prepayment Penalties                        0.00             0.00               0.00
Special Servicing Fee                       0.00             0.00               0.00
</TABLE>
<PAGE>
                             MISCELLANEOUS REPORTING

Group 1

<TABLE>
<S>                                                               <C>
One Month LIBOR Loans                                             391,031,455.63
Six Month LIBOR Loans                                             427,540,714.01
Pro Rata Senior Percentage                                            96.650115%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
</TABLE>

Group 2

<TABLE>
<S>                                                                <C>
Pro Rata Senior Percentage                                            96.671040%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
</TABLE>