<PAGE>
                                                                    EXHIBIT 10.1

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



                                SMT SERIES 2002-8

                           RECORD DATE: MARCH 31, 2003

                        DISTRIBUTION DATE: APRIL 21, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY
<TABLE>
<CAPTION>
                                Certificate
                  Certificate      Pass-       Beginning                     Real-      Current    Ending    Cumulative
                    Class        Through      Certificate      Interest    Principal    ized     Certificate    Total      Realized
 Class    CUSIP   Description     Rate          Balance     Distribution Distribution   Loss      Balance     Distribution   Loss
 -----    -----   -----------   --------       -------      ------------ ------------   ----      -------     ------------   ----
<S>    <C>        <C>           <C>         <C>            <C>          <C>             <C>   <C>            <C>            <C>
 1-A1   81743RAA0     SEN       1.41375%     14,039,638.05    17,653.15  4,365,394.46   0.00    9,674,243.59  4,383,037.61     0.00
 1-A2   81743RAB8     SEN       3.45500%     61,468,000.00   176,976.62          0.00   0.00   61,468,000.00    176,976.62     0.00
  2A    81743RAC6     SEN       1.58375%    434,819,140.98   573,870.68  3,934,522.64   0.00  430,884,618.34  4,508,393.32     0.00
  3A    81743RAD4     SEN       3.31529%     46,434,016.93   128,285.31  1,414,792.46   0.00   45,019,224.47  1,543,077.77     0.00
  X-1   81743RAE2      IO       2.21589%              0.00   139,430.57          0.00   0.00            0.00    139,430.57     0.00
 X-2A  81743RAFf9      IO       1.12581%              0.00   165,685.32          0.00   0.00            0.00    165,685.32     0.00
 X-2B   81743AFG7      IO       1.55718%              0.00   335,072.31          0.00   0.00            0.00    335,072.31     0.00
  X-B   81743RAH5      IO       1.45307%              0.00    10,981.59          0.00   0.00            0.00     10,981.59     0.00
  A-R   81743RAJ1     SEN       5.37359%              0.00         0.00          0.00   0.00            0.00          0.00     0.00
  B-1   81743RAK8     SUB       1.95875%      9,069,000.00    14,803.25          0.00   0.00    9,069,000.00     14,803.25     0.00
  B-2   81743RAL6     SUB       3.41182%      5,505,000.00    15,651.73          0.00   0.00    5,505,000.00     15,651.73     0.00
  B-3   81743RAM4     SUB       3.41182%      3,886,000.00    11,048.62          0.00   0.00    3,886,000.00     11,048.62     0.00
  B-4   SMT0208B4     SUB       3.41182%      1,618,000.00     4,600.27          0.00   0.00    1,618,000.00      4,600.27     0.00
  B-5   SMT0208B5     SUB       3.41182%        970,000.00     2,757.89          0.00   0.00      970,000.00      2,757.89     0.00
  B-6   SMT0208B6     SUB       3.41182%      2,306,324.82     6,557.31          0.00   0.00    2,306,324.82      6,557.31     0.00
Totals                                      580,115,120.78 1,603,364.62  9,714,709.56   0.00  570,400,411.22 11,318,074.18    00.00
</TABLE>

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

<TABLE>
<CAPTION>
                                                                         Real-
         Original    Beginning       Scheduled     Unscheduled           ized    Total        Ending         Ending        Total
          Face       Certificate     Principal     Principal    Accre-   Loss   Principal   Certificate    Certificate   Principal
Class    Amount       Balance       Distribution  Distribution  tion     (1)    Reduction    Balance       Percentage   Distribution
-----    ------       -------       ------------  ------------  ----     ---    ---------    -------      ----------   ------------
<S>    <C>            <C>            <C>          <C>            <C>     <C>   <C>          <C>            <C>          <C>
1-A1    50,000,000.00  14,039,638.05  445.02      4,364,949.44   0.00    0.00  4,365,394.46   9,674,243.59  0.19348487  4,365,394.46
1-A2    61,468,000.00  61,468,000.00    0.00              0.00   0.00    0.00          0.00  61,468,000.00  1.00000000          0.00
 2A    463,097,000.00 434,819,140.98  513.19      3,934,009.45   0.00    0.00  3,934,522.64 430,884,618.34  0.93044139  3,934,522.64
 3A     49,973,000.00  46,434,016.93    0.13      1,414,792.33   0.00    0.00  1,414,792.46  45,019,224.47  0.90087096  1,414,792.46
 X-1             0.00           0.00    0.00              0.00   0.00    0.00          0.00           0.00  0.00000000          0.00
X-2A             0.00           0.00    0.00              0.00   0.00    0.00          0.00           0.00  0.00000000          0.00
X-2B             0.00           0.00    0.00              0.00   0.00    0.00          0.00           0.00  0.00000000          0.00
 X-B             0.00           0.00    0.00              0.00   0.00    0.00          0.00           0.00  0.00000000          0.00
 A-R           100.00           0.00    0.00              0.00   0.00    0.00          0.00           0.00  0.00000000          0.00
 B-1     9,069,000.00   9,069,000.00    0.00              0.00   0.00    0.00          0.00   9,069,000.00  1.00000000          0.00
 B-2     5,505,000.00   5,505,000.00    0.00              0.00   0.00    0.00          0.00   5,505,000.00  1.00000000          0.00
 B-3     3,886,000.00   3,886,000.00    0.00              0.00   0.00    0.00          0.00   3,886,000.00  1.00000000          0.00
 B-4     1,618,000.00   1,618,000.00    0.00              0.00   0.00    0.00          0.00   1,618,000.00  1.00000000          0.00
 B-5       970,000.00     970,000.00    0.00              0.00   0.00    0.00          0.00     970,000.00  1.00000000          0.00
 B-6     2,306,324.82   2,306,324.82    0.00              0.00   0.00    0.00          0.00   2,306,324.82  1.00000000          0.00
Totals 647,892,424.82 580,115,120.78  958.34      9,713,751.22   0.00    0.00  9,714,709.56 570,400,411.22  0.88039370  9,714,709.56
</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>
                                                                                                 Total
        Original       Beginning   Scheduled    Unscheduled            Realized                  Ending      Ending        Total
         Face        Certificate  Principal      Principal    Accre-    Loss      Principal    Certificate  Certificate   Principal
Class   Amount         Balance    Distribution Distribution  tion       (3)       Reduction      Balance     Percentage Distribution
-----   ------         -------    -------------------------  ----       ---       ---------      -------     ---------- ------------
<S>   <C>            <C>           <C>          <C>          <C>        <C>        <C>         <C>           <C>        <C>
1-A1   50,000,000.00  280.79276100  0.00890040  87.29898880  0.00000000 0.00000000 87.30788920  193.48487180 0.19348487  87.30788920
1-A2   61,468,000.00 1000.00000000  0.00000000   0.00000000  0.00000000 0.00000000  0.00000000 1000.00000000 1.00000000   0.00000000
 2A   463,097,000.00  938.93750333  0.00110817   8.49500094  0.00000000 0.00000000  8.49610911  930.44139422 0.93044139   8.49610911
 3A    49,973,000.00  929.18209693  0.00000260  28.31113461  0.00000000 0.00000000 28.31113721  900.87095972 0.90087096  28.31113721
 X-1            0.00    0.00000000  0.00000000   0.00000000  0.00000000 0.00000000  0.00000000    0.00000000 0.00000000   0.00000000
X-2A            0.00    0.00000000  0.00000000   0.00000000  0.00000000 0.00000000  0.00000000    0.00000000 0.00000000   0.00000000
X-2B            0.00    0.00000000  0.00000000   0.00000000  0.00000000 0.00000000  0.00000000    0.00000000 0.00000000   0.00000000
 X-B            0.00    0.00000000  0.00000000   0.00000000  0.00000000 0.00000000  0.00000000    0.00000000 0.00000000   0.00000000
 A-R          100.00    0.00000000  0.00000000   0.00000000  0.00000000 0.00000000  0.00000000    0.00000000 0.00000000   0.00000000
 B-1    9,069,000.00 1000.00000000  0.00000000   0.00000000  0.00000000 0.00000000  0.00000000 1000.00000000 1.00000000   0.00000000
 B-2    5,505,000.00 1000.00000000  0.00000000   0.00000000  0.00000000 0.00000000  0.00000000 1000.00000000 1.00000000   0.00000000
 B-3    3,886,000.00 1000.00000000  0.00000000   0.00000000  0.00000000 0.00000000  0.00000000 1000.00000000 1.00000000   0.00000000
 B-4    1,618,000.00 1000.00000000  0.00000000   0.00000000  0.00000000 0.00000000  0.00000000 1000.00000000 1.00000000   0.00000000
 B-5      970,000.00 1000.00000000  0.00000000   0.00000000  0.00000000 0.00000000  0.00000000 1000.00000000 1.00000000   0.00000000
 B-6    2,306,324.82 1000.00000000  0.00000000   0.00000000  0.00000000 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>
                                                            Payment
                                                              of                  Non-                                   Remaining
                                    Beginning                Unpaid    Current  Supported           Total     Unpaid      Ending
         Original      Current     Certificate/    Current    Interest Interest Interest  Realized Interest   Interest  Certificate/
          Face        Certificate   Notional      Accrued    Short-    Short-    Short     Loss     Distri-   Short-    Notational
Class     Amount        Rate         Balance       Interest   fall     fall      fall      (4)      bution     fall       Balance
-----     ------       ----         -------       --------   ----     ----      --------   ---      ------     ----      -------
<S>    <C>            <C>        <C>             <C>         <C>       <C>      <C>       <C>     <C>           <C>   <C>
 1-A1   50,000,000.00 1.41375%    14,039,638.05    17,643.15  0.00      0.00      0.00      0.00     17,643.15   0.00   9,674,243.59
 1-A2   61,468,000.00 3.45500%    61,468,000.00   176,976.62  0.00      0.00      0.00      0.00    176,976.62   0.00  61,468,000.00
  2A   463,097,000.00 1.58375%   434,819,140.98   573,870.68  0.00      0.00      0.00      0.00    573,870.68   0.00 430,884.618.34
  3A    49,973,000.00 3.31529%    46,434,016.93   128,285.31  0.00      0.00      0.00      0.00    128,285.31   0.00  45,019,224.47
  X-1            0.00 2.21589%    75,507,638.05   139,430.57  0.00      0.00      0.00      0.00    139,430.57   0.00  71,142,243.59
 X-2A            0.00 1.12581%   176,603,538.55   165,685.32  0.00      0.00      0.00      0.00    165,685.32   0.00 174,901,002.09
 X-2B            0.00 1.55718%   258,215,602.43   335,072.31  0.00      0.00      0.00      0.00    335,072.31   0.00 255,983,616.25
  X-B            0.00 1.45307%     9,069,000.00    10,981.59  0.00      0.00      0.00      0.00     10,981.59   0.00   9,069,000.00
  A-R          100.00 5.37359%             0.00         0.00  0.00      0.00      0.00      0.00          0.00   0.00           0.00
  B-1    9,069,000.00 1.95875%     9,069,000.00    14,803.25  0.00      0.00      0.00      0.00     14,803.25   0.00   9,069,000.00
  B-2    5,505,000.00 3.41182%     5,505,000.00    15,651.73  0.00      0.00      0.00      0.00     15,651.73   0.00   5,505,000.00
  B-3    3,886,000.00 3.41182%     3,886,000.00    11,048.62  0.00      0.00      0.00      0.00     11,048.62   0.00   3,886,000.00
  B-4    1,618,000.00 3.41182%     1,618,000.00     4,600.27  0.00      0.00      0.00      0.00      4,600.27   0.00   1,618,000.00
  B-5      970,000.00 3.41182%       970,000.00     2,757.89  0.00      0.00      0.00      0.00      2,757.89   0.00     970,000.00
  B-6    2,306,324.82 3.41182%     2,306,324.82     6,557.31  0.00      0.00      0.00      0.00      6,557.31   0.00   2,306,324.82
Totals 647,892,424.82                           1,603,364.62  0.00      0.00      0.00      0.00  1,603,364.62   0.00
</TABLE>


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

<TABLE>
<CAPTION>
                                                                                Payment
                                                                                   of
                              Current          Beginning                         Unpaid         Current
               Original       Certi           Certificate/      Current         Interest       Interest
Class            Face          ficate           Notional        Accrued          Short-          Short-
 (5)            Amount         Rate             Balance         Interest         fall            fall
 ---            ------         ----             -------         --------         ----            ----
<S>        <C>                <C>           <C>                <C>             <C>             <C>
1-A1       50,000,000.00      1.41375%       280.79276100      0.35286300      0.00000000      0.00000000
1-A2       61,468,000.00      3.45500%      1000.00000000      2.87916672      0.00000000      0.00000000
 2A       463,097,000.00      1.58375%       938.93750333      1.23920190      0.00000000      0.00000000
 3A        49,973,000.00      3.31529%       929.18209693      2.56709243      0.00000000      0.00000000
 X-1                0.00      2.21589%       677.39295627      1.25085738      0.00000000      0.00000000
X-2A                0.00      1.12581%       937.56158874      0.87959841      0.00000000      0.00000000
X-2B                0.00      1.55718%       939.88087190      1.21963217      0.00000000      0.00000000
 X-B                0.00      1.45307%      1000.00000000      1.21089315      0.00000000      0.00000000
 A-R              100.00      5.37359%         0.00000000      0.00000000      0.00000000      0.00000000
 B-1        9,069,000.00      1.95875%      1000.00000000      1.63229132      0.00000000      0.00000000
 B-2        5,505,000.00      3.41182%      1000.00000000      2.84318438      0.00000000      0.00000000
 B-3        3,886,000.00      3.41182%      1000.00000000      2.84318580      0.00000000      0.00000000
 B-4        1,618,000.00      3.41182%      1000.00000000      2.84318294      0.00000000      0.00000000
 B-5          970,000.00      3.41182%      1000.00000000      2.84318557      0.00000000      0.00000000
 B-6        2,306,324.82      3.41182%      1000.00000000      2.84318581      0.00000000      0.00000000
</TABLE>

<TABLE>
<CAPTION>
                                                                      Remaining
                  Non-                                Total            Unpaid                Ending
               Supported          Realized          Interest          Interest             Certificate/
Class           Interest           Loss              Distri-            Short-             Notational
 (5)           Shortfall            (4)              bution              fall                Balance
 ---           ---------            ---              ------              ----               -------
<S>          <C>                 <C>                <C>                <C>                <C>
1-A1          0.00000000         0.00000000         0.35286300         0.00000000          193.48487180
1-A2          0.00000000         0.00000000         2.87916672         0.00000000         1000.00000000
 2A          40.00000000         0.00000000         1.23920190         0.00000000          930.44139422
 3A           0.00000000         0.00000000         2.56709243         0.00000000          900.87095972
 X-1          0.00000000         0.00000000         1.25085738         0.00000000          638.23019692
X-2A          0.00000000         0.00000000         0.87959841         0.00000000           92852307909
X-2B          0.00000000         0.00000000         1.21963217         0.00000000          931.75664897
 X-B          0.00000000         0.00000000         1.21089315         0.00000000         1000.00000000
 A-R          0.00000000         0.00000000         0.00000000         0.00000000            0.00000000
 B-1          0.00000000         0.00000000         1.63229132         0.00000000         1000.00000000
 B-2          0.00000000         0.00000000         2.84318438         0.00000000         1000.00000000
 B-3          0.00000000         0.00000000         2.84318580         0.00000000         1000.00000000
 B-4          0.00000000         0.00000000         2.84318294         0.00000000         1000.00000000
 B-5          0.00000000         0.00000000         2.84318557         0.00000000         1000.00000000
 B-6          0.00000000         0.00000000         2.84318581         0.00000000         1000.00000000
</TABLE>

(5)   Per $1 denomination

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

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT
<TABLE>
<CAPTION>
<S>                                                                     <C>
Beginning Balance                                                                0.00

Deposits
         Payments of Interest and Principal                             11,499,353.91
         Liquidations, Insurance Proceeds, Reserve Funds                         0.00
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                     635.05
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                        -------------
Total Deposits                                                          11,499,988.96

Withdrawals

         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            181,914.78
         Payment of Interest and Principal                              11,318,074.18
                                                                        -------------
Total Withdrawals (Pool Distribution Amount)                            11,499,988.96
Ending Balance                                                                   0.00
                                                                        =============
</TABLE>
<PAGE>
                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<TABLE>
<CAPTION>
<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>
<CAPTION>
<S>                                                                <C>
 Gross Servicing Fee                                                  177,563.91
 Master Servicing Fee                                                   4,350,87
 Non-Supported Prepayment/Curtailment Interest Shortfall                    0.00
                                                                   -------------
 Net Servicing Fee                                                    181,914.78
                                                                   =============
</TABLE>

<TABLE>
<CAPTION>
                                                 Beginning          Current          Current       Ending
                Account Type                      Balance         Withdrawals       Deposits       Balance
                ------------                      -------         -----------       --------       -------
<S>                                              <C>              <C>               <C>           <C>
     Class X-1 Basis Risk Reserve Fund           2,500.00            0.00             0.00        2,500.00
     Class X-2 Basis Risk Reserve Fund           5,000.00            0.00             0.00        5,000.00
     Class X-B Basis Risk Reserve Fund           2,500.00            0.00             0.00        2,500.00
</TABLE>
<PAGE>
             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
<TABLE>
<CAPTION>
               DELINQUENT                  BANKRUPTCY               FORECLOSURE                REO                    TOTAL

          No. of      Principal        No. of  Principal         No. of  Principal       No. of  Principal        No. of   Principal
          Loans       Balance          Loans   Balance           Loans   Balance         Loans   Balance          Loans    Balance
          -----       -------          -----   -------           -----   -------         -----   -------          -----    -------
<S>       <C>     <C>                  <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  0-29 Days    0     0.00  0-29 Days   0           0.00
30 Days     1      82,500.00 30 Days     0       0.00  30 Days      0   0.00  30 Days      0     0.00  30 Days     1      82,500.00
60 Days     1     161,500.00 60 Days     0       0.00  60 Days      0   0.00  60 Days      0     0.00  60 Days     1     161,500.00
90 Days     0           0.00 90 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  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  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  180+ Days    0     0.00  180+ Days   0           0.00
            2     244,000.00             0       0.00               0   0.00               0     0.00              2     244,000.00
</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   0.067295%    0.014464%    30 Days      0.000000%    0.000000%    30 Days      0.000000%  0.000000%
60 Days   0.067295%    0.028313%    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%
          0.134590%    0.042777%                 0.000000%    0.000000%                 0.000000%  0.000000%
</TABLE>
<TABLE>
<CAPTION>
                       No. of       Principal                    No. of    Principal
                       Loans         Balance                     Loans      Balance

<S>       <C>          <C>          <C>            <C>         <C>         <C>
0-29 Days 0-29 Days    0.000000%    0.000000%      0-29 Days   0.000000%   0.000000%
30 Days   30 Days      0.000000%    0.000000%      30 Days     0.067295%   0.014464%
60 Days   60 Days      0.000000%    0.000000%      60 Days     0.067295%   0.028313%
90 Days   90 Days      0.000000%    0.000000%      90 Days     0.000000%   0.000000%
120 Days  120 Days     0.000000%    0.000000%      120 Days    0.000000%   0.000000%
150 Days  150 Days     0.000000%    0.000000%      150 Days    0.000000%   0.000000%
180+ Days 180+ Days    0.000000%    0.000000%      180+ Days   0.000000%   0.000000%
                       0.000000%    0.000000%                  0.134590%   0.042777%
</TABLE>

<TABLE>
<CAPTION>
<S>                                         <C>    <C>                                          <C>       <C>                 <C>
Current Period Class A Insufficient Funds:  0.00   Principal Balance of Contaminated Properties 0.00      Periodic Advance    635.05
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                 Original $       Original%          Current $       Current %    Current Class %           Prepayment %
                 ----------       ---------          ---------       ---------    ---------------           ------------
<S>            <C>                 <C>            <C>              <C>                <C>                  <C>
Class A        647,892,324.82      99.99998457%   570,400,411.22   100.00000000%      95.905626%               0.000000%
Class 1-A-1    597,892,324.82      92.28265402%   560,726,167.63    98.30395571%       1.696044%              41.423778%
Class 1-A-2    536,424,324.82      82.79527654%   499,258,167.63    87.52766615%      10.776290%             263.197504%
Class 2A        73,327,324.82      11.31782407%    68,373,549.29    11.98693899%      75.540727%           1,844.988548%
Class 3A        23,354,324.82       3.60466089%    23,354,324.82     4.09437377%       7.892565%             192.766114%
Class X-1       23,354,324.82       3.60466089%    23,354,324.82     4.09437377%       0.000000%               0.000000%
Class B-1       14,285,324.82       2.20489147%    14,285,324.82     2.50443803%       1.589936%              38.832208%
Class B-2        8,780,324.82       1.35521338%     8,780,324.82     1.53932652%       0.965112%              23.571651%
Class B-3        4,894,324.82       0.75542245%     4,894,324.82     0.85805072%       0.681276%              16.639316%
Class B-4        3,276,324.82       0.50568963%     3,276,324.82     0.57439033%       0.283660%               6.928053%
Class B-5        2,306,324.82       0.35597342%     2,306,324.82     0.40433435%       0.170056%               4.153406%
Class B-6                0.00       0.00000000%             0.00     0.00000000%       0.404334%               9.875365%
</TABLE>

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


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

<S>                         <C>                  <C>               <C>                   <C>
              Bankruptcy       126,045.00        0.01945462%          126,045.00         0.02209763%
                   Fraud    19,436,773.00        3.00000004%       19,436,773.00         3.40756644%
          Special Hazard    15,500,000.00        2.39237247%       15,499,500.00         2.71730169%
</TABLE>

Limit of subordinate's exposure to certain types of losses


<PAGE>
                           DELINQUENCY STATUS BY GROUP

                                     GROUP 1
<TABLE>
<CAPTION>

                 DELINQUENT                            BANKRUPTCY
                 ----------                            ----------

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

<S>              <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>





<TABLE>
<CAPTION>
                 FORECLOSURE                             REO                                TOTAL
                 -----------                             ---                                -----
               No. of     Principal                 No. of    Principal                 No. of    Principal
               Loans       Balance                  Loans      Balance                  Loans      Balance
<S>            <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>
                                    GROUP 2

<TABLE>
<CAPTION>





             DELINQUENT                            BANKRUPTCY
             ----------                            ----------

                 No. of    Principal                 No. of    Principal
                 Loans      Balance                  Loans      Balance
<S>              <C>       <C>                       <C>       <C>
0-29 Days          0             0.00  0-29 Days       0             0.00
30 Days            1        82,500.00  30 Days         0             0.00
60 Days            1       161,500.00  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
                   2       244,000.00                  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        0.083893%   0.018408%   30 Days     0.000000%   0.000000%
60 Days        0.083893%   0.036035%   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%
               0.167785%   0.054443%               0.000000%   0.000000%
</TABLE>
<TABLE>
<CAPTION>

            FORECLOSURE                             REO                                TOTAL
            -----------                             ---                                -----

              No. of     Principal                 No. of    Principal                 No. of    Principal
              Loans       Balance                  Loans      Balance                  Loans      Balance
<S>           <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         1        82,500.00
60 Days         0              0.00  60 Days         0             0.00  60 Days         1       161,500.00
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                  2       244,000.00
</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     0.083893%   0.018408%
60 Days     0.000000%    0.000000%   60 Days     0.000000%   0.000000%   60 Days     0.083893%   0.036035%
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%               0.167785%   0.054443%

</TABLE>

<PAGE>
                                     Group 3

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

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


<TABLE>
<CAPTION>

             FORECLOSURE                             REO                                TOTAL
             -----------                             ---                                -----
               No. of     Principal                 No. of    Principal                 No. of    Principal
               Loans       Balance                  Loans      Balance                  Loans      Balance
<S>            <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>
<PAGE>




                              COLLATERAL STATEMENT
<TABLE>
<CAPTION>
Collateral Description                                                                                   Mixed Arm
<S>                                                                                                 <C>
Weighted Average Gross Coupon                                                                            3.692949%
Weighted Average Net Coupon                                                                              3.325648%
Weighted Average Pass-Through Rate                                                                       3.316648%
Weighted Average Maturity (Stepdown Calculation)                                                               323

Beginning Scheduled Collateral Loan Count                                                                    1,510
Number of Loans Paid in Full                                                                                    24
Ending Scheduled Collateral Loan Count                                                                       1,486

Beginning Scheduled Collateral Balance                                                              580,115,120.78
Ending Scheduled Collateral Balance                                                                 570,400,411.22
Ending Actual Collateral Balance at 31-Mar-2003                                                     570,400,586.38

Monthly P&I Constant                                                                                  1,786,237.73
Special Servicing Fee                                                                                         0.00
Prepayment Penalties                                                                                          0.00
Realization Loss Amount                                                                                       0.00
Cumulative Realized Loss                                                                                      0.00

Class A Optimal Amount                                                                               11,251,673.51

Ending Scheduled Balance for Premium Loans                                                          570,400,411.22

Scheduled Principal                                                                                         958.34
Unscheduled Principal                                                                                 9,713,751.22

</TABLE>



                            MISCELLANEOUS REPORTING
<TABLE>
<CAPTION>

<S>                                                              <C>
One Month Libor Loan Balance                                     181,920,870.40
Six Month Libor Loan Balance - POOL 1                             74,946,511.32
Six Month Libor Loan Balance - POOL 2                            266,257,835.68
Six Month Libor Loan Balance - POOL 3                             46,916,178.66
Pro Rata Senior Percent                                              95.974191%
Senior Percentage                                                   100.000000%
Senior Prepay Percentage                                            100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%
</TABLE>