<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: JANUARY 31, 2003
                      DISTRIBUTION DATE: FEBRUARY 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                                 Certificate                          Beginning
                                    Class      Certificate Pass-      Certificate      Interest      Principal       Current
        Class         CUSIP      Description     Through Rate           Balance      Distribution   Distribution   Realized Loss
        -----       ----------   -----------   -----------------    --------------   ------------   ------------   -------------
<S>                 <C>          <C>           <C>                  <C>              <C>            <C>            <C>
        1-A1         81743RAA0       SEN                 1.49125%    22,673,246.22      28,176.23   4,751,282.03            0.00
        1-A2         81743RAB8       SEN                 3.45500%    61,468,000.00     176,976.62           0.00            0.00
         2A          81743RAC6       SEN                 1.66125%   443,551,089.52     614,041.04   4,251,139.95            0.00
         3A          81743RAD4       SEN                 3.31519%    47,605,822.46     131,518.54     670,768.55            0.00
         X-1         81743RAE2        IO                 2.40529%             0.00     168,653.27           0.00            0.00
        X-2A        81743RAFf9        IO                 1.09772%             0.00     165,529.78           0.00            0.00
        X-2B         81743AFG7        IO                 1.47957%             0.00     323,776.53           0.00            0.00
         X-B         81743RAH5        IO                 1.39383%             0.00      10,533.88           0.00            0.00
         A-R         81743RAJ1       SEN                 5.37352%             0.00           0.00           0.00            0.00
         B-1         81743RAK8       SUB                 2.03625%     9,069,000.00      15,388.96           0.00            0.00
         B-2         81743RAL6       SUB                 3.43008%     5,505,000.00      15,735.50           0.00            0.00
         B-3         81743RAM4       SUB                 3.43008%     3,886,000.00      11,107.75           0.00            0.00
         B-4         SMT0208B4       SUB                 3.43008%     1,618,000.00       4,624.89           0.00            0.00
         B-5         SMT0208B5       SUB                 3.43008%       970,000.00       2,772.65           0.00            0.00
         B-6         SMT0208B6       SUB                 3.43008%     2,306,324.82       6,592.40           0.00            0.00
                    ----------   -----------   -----------------    --------------   ------------   ------------   -------------
Totals                                                              598,652,483.02   1,675,428.04   9,673,190.53            0.00
                                                                    ==============   ============   ============   =============
</TABLE>

<TABLE>
<CAPTION>
                        Ending
                      Certificate        Total         Cumulative
        Class          Balance        Distribution    Realized Loss
        -----       --------------   -------------   ---------------
<S>                 <C>              <C>             <C>
        1-A1         17,921,964.19    4,799,458.26              0.00
        1-A2         61,468,000.00      176,976.62              0.00
         2A         439,299,949.57    4,865,180.99              0.00
         3A          46,935,053.91      802,287.09              0.00
         X-1                  0.00      168,653.27              0.00
        X-2A                  0.00      165,529.78              0.00
        X-2B                  0.00      323,776.53              0.00
         X-B                  0.00       10,533.88              0.00
         A-R                  0.00            0.00              0.00
         B-1          9,069,000.00       15,388.96              0.00
         B-2          5,505,000.00       15,735.50              0.00
         B-3          3,886,000.00       11,107.75              0.00
         B-4          1,618,000.00        4,624.89              0.00
         B-5            970,000.00        2,772.65              0.00
         B-6          2,306,324.82        6,592.40              0.00
                    --------------   -------------   ---------------
Totals              588,979,292.49   11,348,618.57             00.00
                    ==============   =============   ===============
</TABLE>


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

<TABLE>
<CAPTION>
                                    Beginning       Scheduled     Unscheduled
                  Original Face    Certificate      Principal      Principal                 Realized    Total Principal
        Class        Amount          Balance       Distribution   Distribution   Accretion    Loss (1)      Reduction
        -----    --------------   --------------   ------------   ------------   ---------   ---------   ---------------
<S>              <C>              <C>              <C>            <C>            <C>         <C>         <C>
        1-A1      50,000,000.00    22,673,246.22         440.49   4,750,841.54        0.00        0.00      4,751,282.03
        1-A2      61,468,000.00    61,468,000.00           0.00           0.00        0.00        0.00              0.00
         2A      463,097,000.00   443,551,089.52       4,662.17   4,246,477.78        0.00        0.00      4,251,139.95
         3A       49,973,000.00    47,605,822.46           0.00     670,768.55        0.00        0.00        670,768.55
         X-1               0.00             0.00           0.00           0.00        0.00        0.00              0.00
        X-2A               0.00             0.00           0.00           0.00        0.00        0.00              0.00
        X-2B               0.00             0.00           0.00           0.00        0.00        0.00              0.00
         X-B               0.00             0.00           0.00           0.00        0.00        0.00              0.00
         A-R             100.00             0.00           0.00           0.00        0.00        0.00              0.00
         B-1       9,069,000.00     9,069,000.00           0.00           0.00        0.00        0.00              0.00
         B-2       5,505,000.00     5,505,000.00           0.00           0.00        0.00        0.00              0.00
         B-3       3,886,000.00     3,886,000.00           0.00           0.00        0.00        0.00              0.00
         B-4       1,618,000.00     1,618,000.00           0.00           0.00        0.00        0.00              0.00
         B-5         970,000.00       970,000.00           0.00           0.00        0.00        0.00              0.00
         B-6       2,306,324.82     2,306,324.82           0.00           0.00        0.00        0.00              0.00
                 --------------   --------------   ------------   ------------   ---------   ---------   ---------------
Totals           647,892,424.82   598,652,483.02       5,102.66   9,668,087.87        0.00        0.00      9,673,190.53
                 ==============   ==============   ============   ============   =========   =========   ===============
</TABLE>

<TABLE>
<CAPTION>

                 Ending Certificate   Ending Certificate   Total Principal
        Class         Balance             Percentage        Distribution
        -----    ------------------   ------------------   ---------------
<S>              <C>                  <C>                  <C>
        1-A1          17,921,964.19           0.35843928      4,751,282.03
        1-A2          61,468,000.00           1.00000000              0.00
         2A          439,299,949.57           0.94861325      4,251,139.95
         3A           46,935,053.91           0.93920825        670,768.55
         X-1                   0.00           0.00000000              0.00
        X-2A                   0.00           0.00000000              0.00
        X-2B                   0.00           0.00000000              0.00
         X-B                   0.00           0.00000000              0.00
         A-R                   0.00           0.00000000              0.00
         B-1           9,069,000.00           1.00000000              0.00
         B-2           5,505,000.00           1.00000000              0.00
         B-3           3,886,000.00           1.00000000              0.00
         B-4           1,618,000.00           1.00000000              0.00
         B-5             970,000.00           1.00000000              0.00
         B-6           2,306,324.82           1.00000000              0.00
                 ------------------   ------------------   ---------------
Totals               588,979,292.49           0.90906958      9,673,190.53
                 ==================   ==================   ===============
</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    Total Principal
        Class        Amount          Balance       Distribution   Distribution    Accretion    Loss (3)      Reduction
        -----    --------------   --------------   ------------   ------------   ----------   ----------   ---------------
<S>              <C>              <C>              <C>            <C>            <C>          <C>          <C>
        1-A1      50,000,000.00     453.46492440     0.00880980    95.01683080   0.00000000   0.00000000       95.02564060
        1-A2      61,468,000.00    1000.00000000     0.00000000     0.00000000   0.00000000   0.00000000        0.00000000
         2A      463,097,000.00     957.79305312     0.01006737     9.16973718   0.00000000   0.00000000        9.17980455
         3A       49,973,000.00     952.63086987     0.00000000    13.42261921   0.00000000   0.00000000       13.42261921
         X-1               0.00       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
        X-2B               0.00       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
         A-R             100.00    1000.00000000     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
         B-2       5,505,000.00    1000.00000000     0.00000000     0.00000000   0.00000000   0.00000000        0.00000000
         B-3       3,886,000.00    1000.00000000     0.00000000     0.00000000   0.00000000   0.00000000        0.00000000
         B-4       1,618,000.00    1000.00000000     0.00000000     0.00000000   0.00000000   0.00000000        0.00000000
         B-5         970,000.00    1000.00000000     0.00000000     0.00000000   0.00000000   0.00000000        0.00000000
         B-6       2,306,324.82    1000.00000000     0.00000000     0.00000000   0.00000000   0.00000000        0.00000000
                 --------------   --------------   ------------   ------------   ----------   ----------   ---------------
</TABLE>

<TABLE>
<CAPTION>
                 Ending Certificate   Ending Certificate   Total Principal
        Class         Balance             Percentage        Distribution
        -----    ------------------   ------------------   ---------------
<S>              <C>                  <C>                  <C>
        1-A1           358.43928380           0.35843928       95.02564060
        1-A2          1000.00000000           1.00000000        0.00000000
         2A            948.61324856           0.94861325        9.17980455
         3A            939.20825066           0.93920825       13.42261921
         X-1             0.00000000           0.00000000        0.00000000
        X-2A             0.00000000           0.00000000        0.00000000
        X-2B             0.00000000           0.00000000        0.00000000
         X-B             0.00000000           0.00000000        0.00000000
         A-R             0.00000000           0.00000000        0.00000000
         B-1          1000.00000000           1.00000000        0.00000000
         B-2          1000.00000000           1.00000000        0.00000000
         B-3          1000.00000000           1.00000000        0.00000000
         B-4          1000.00000000           1.00000000        0.00000000
         B-5          1000.00000000           1.00000000        0.00000000
         B-6          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                    Non-
                                                      Certificate/     Current      Unpaid      Current      Supported
                  Original Face       Current           Notional       Accrued     Interest     Interest      Interest     Realized
       Class         Amount       Certificate Rate      Balance        Interest    Shortfall   Shortfall      Shortfall    Loss (4)
       -----     --------------   ----------------   --------------   ----------   ---------   ----------   ------------   --------
<S>              <C>              <C>                <C>            <C>            <C>         <C>          <C>            <C>
       1-A1       50,000,000.00            1.49125%   22,673,246.22    28,176.23        0.00         0.00           0.00       0.00
       1-A2       61,468,000.00            3.45500%   61,468,000.00   176,976.62        0.00         0.00           0.00       0.00
        2A       463,097,000.00            1.66125%  443,551,089.52   614,041.04        0.00         0.00           0.00       0.00
        3A        49,973,000.00            3.31519%   47,605,822.46   131,518.54        0.00         0.00           0.00       0.00
        X-1                0.00            2.40529%   84,141,246.22   168,653.27        0.00         0.00           0.00       0.00
       X-2A                0.00            1.09772%  180,953,688.33   165,529.78        0.00         0.00           0.00       0.00
       X-2B                0.00            1.47957%  262,597,401.19   323,776.53        0.00         0.00           0.00       0.00
        X-B                0.00            1.39383%    9,069,000.00    10,533.88        0.00         0.00           0.00       0.00
        A-R              100.00            5.37352%            0.00         0.00        0.00         0.00           0.00       0.00
        B-1        9,069,000.00            2.03625%    9,069,000.00    15,388.96        0.00         0.00           0.00       0.00
        B-2        5,505,000.00            3.43008%    5,505,000.00    15,735.50        0.00         0.00           0.00       0.00
        B-3        3,886,000.00            3.43008%    3,886,000.00    11,107.75        0.00         0.00           0.00       0.00
        B-4        1,618,000.00            3.43008%    1,618,000.00     4,624.89        0.00         0.00           0.00       0.00
        B-5          970,000.00            3.43008%      970,000.00     2,772.65        0.00         0.00           0.00       0.00
        B-6        2,306,324.82            3.43008%    2,306,324.82     6,592.40        0.00         0.00           0.00       0.00
                 --------------   ----------------   --------------   ----------   ---------   ----------   ------------   --------
      Totals     647,892,424.82                                     1,675,428.04        0.00         0.00           0.00       0.00
                 ==============   ================   ==============   ==========   =========   ==========   ============   ========
</TABLE>

<TABLE>
<CAPTION>
                                   Remaining       Ending
                                    Unpaid      Certificate/
                  Total Interest   Interest      Notational
       Class       Distribution    Shortfall       Balance
       -----     ---------------   ---------   --------------
<S>              <C>               <C>         <C>
       1-A1            28,176.23        0.00    17,921,964.19
       1-A2           176,976.62        0.00    61,468,000.00
        2A            614,041.04        0.00   439,299,949.57
        3A            131,518.54        0.00    46,935,053.91
        X-1           168,653.27        0.00    79,389,964.19
       X-2A           165,529.78        0.00   178,090,119.86
       X-2B           323,776.53        0.00   261,209,829.71
        X-B            10,533.88        0.00     9,069,000.00
        A-R                 0.00        0.00             0.00
        B-1            15,388.96        0.00     9,069,000.00
        B-2            15,735.50        0.00     5,505,000.00
        B-3            11,107.75        0.00     3,886,000.00
        B-4             4,624.89        0.00     1,618,000.00
        B-5             2,772.65        0.00       970,000.00
        B-6             6,592.40        0.00     2,306,324.82
                 ---------------   ---------   --------------
      Totals        1,675,428.04        0.00
                 ===============   =========   ==============
</TABLE>



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


<TABLE>
<CAPTION>
                                                                                  Payment of                  Non-
                                Current         Beginning                           Unpaid      Current     Supported
      Class    Original Face   Certificate     Certificate/     Current Accrued    Interest     Interest     Interest     Realized
       (5)         Amount         Rate       Notional Balance      Interest        Shortfall    Shortfall   Shortfall      Loss (6)
      -----   --------------   -----------   ----------------   ---------------   ----------   ----------   ----------   ----------
<S>           <C>              <C>           <C>                <C>               <C>          <C>          <C>          <C>
       1-A1    50,000,000.00       1.49125%      453.46492440        0.56352460   0.00000000   0.00000000   0.00000000   0.00000000
       1-A2    61,468,000.00       3.45500%     1000.00000000        2.87916672   0.00000000   0.00000000   0.00000000   0.00000000
        2A    463,097,000.00       1.66125%      957.79305312        1.32594476   0.00000000   0.00000000   0.00000000   0.00000000
        3A     49,973,000.00       3.31519%      952.63086987        2.63179197   0.00000000   0.00000000   0.00000000   0.00000000
        X-1             0.00       2.40529%      754.84664854        1.51301961   0.00000000   0.00000000   0.00000000   0.00000000
       X-2A             0.00       1.09772%      960.65587877        0.87877267   0.00000000   0.00000000   0.00000000   0.00000000
       X-2B             0.00       1.47957%      955.83021346        1.17851657   0.00000000   0.00000000   0.00000000   0.00000000
        X-B             0.00       1.39383%     1000.00000000        1.16152608   0.00000000   0.00000000   0.00000000   0.00000000
        A-R           100.00       5.37352%        0.00000000        0.00000000   0.00000000   0.00000000   0.00000000   0.00000000
        B-1     9,069,000.00       2.03625%     1000.00000000        1.69687507   0.00000000   0.00000000   0.00000000   0.00000000
        B-2     5,505,000.00       3.43008%     1000.00000000        2.85840145   0.00000000   0.00000000   0.00000000   0.00000000
        B-3     3,886,000.00       3.43008%     1000.00000000        2.85840196   0.00000000   0.00000000   0.00000000   0.00000000
        B-4     1,618,000.00       3.43008%     1000.00000000        2.85839926   0.00000000   0.00000000   0.00000000   0.00000000
        B-5       970,000.00       3.43008%     1000.00000000        2.85840206   0.00000000   0.00000000   0.00000000   0.00000000
        B-6     2,306,324.82       3.43008%     1000.00000000        2.85840049   0.00000000   0.00000000   0.00000000   0.00000000
              --------------   -----------   ----------------   ---------------   ----------   ----------   ----------   ----------
</TABLE>

<TABLE>
<CAPTION>
                                Remaining
                                 Unpaid
      Class   Total Interest    Interest    Ending Certificate/
       (5)     Distribution     Shortfall   Notational Balance
      -----   --------------   ----------   -------------------
<S>           <C>              <C>          <C>
       1-A1       0.56352460   0.00000000          358.43928380
       1-A2       2.87916672   0.00000000         1000.00000000
        2A        1.32594476   0.00000000          948.61324856
        3A        2.63179197   0.00000000          939.20825066
        X-1       1.51301961   0.00000000          712.22202058
       X-2A       0.87877267   0.00000000          945.45362503
       X-2B       1.17851657   0.00000000          950.77958181
        X-B       1.16152608   0.00000000         1000.00000000
        A-R       0.00000000   0.00000000            0.00000000
        B-1       1.69687507   0.00000000         1000.00000000
        B-2       2.85840145   0.00000000         1000.00000000
        B-3       2.85840196   0.00000000         1000.00000000
        B-4       2.85839926   0.00000000         1000.00000000
        B-5       2.85840206   0.00000000         1000.00000000
        B-6       2.85840049   0.00000000         1000.00000000
              --------------   ----------   -------------------
</TABLE>



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


                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

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

Deposits
                  Payments of Interest and Principal                    11,533,593.48
                  Liquidations, Insurance Proceeds, Reserve Funds                0.00
                  Proceeds from Repurchased Loans                                0.00
                  Other Amounts (Servicer Advances)                          1,972.58
                  Realized Losses                                                0.00
                  Prepayment Penalties                                           0.00
                                                                        -------------
Total Deposits                                                          11,535,566.06

Withdrawals
                  Reimbursement for Servicer Advances                            0.00
                  Payment of Service Fee                                   186,947.50
                  Payment of Interest and Principal                     11,348,618.06
                                                                        -------------
Total Withdrawals (Pool Distribution Amount)                            11,535,566.06

Ending Balance                                                                   0.00
                                                                        =============
</TABLE>
<PAGE>
                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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


                                 SERVICING FEES
<TABLE>
<S>                                                                     <C>
Gross Servicing Fee                                                     182,457.61
Master Servicing Fee                                                      4,489.89
Non-Supported Prepayment/Curtailment Interest Shortfall                       0.00
                                                                        ----------
Net Servicing Fee                                                       186,947.50
                                                                        ==========
</TABLE>


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

<TABLE>
<CAPTION>
                   DELINQUENT                         BANKRUPTCY                         FORECLOSURE
                   ----------                         ----------                         -----------
             No. of     Principal                No. of    Principal                No. of    Principal
              Loans      Balance                 Loans      Balance                 Loans      Balance

0-29 Days       0            0.00   0-29 Days      0            0.00   0-29 Days      0            0.00
30 Days         2      740,918.19   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      740,918.19                  0            0.00                  0            0.00

<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     0.130976%    0.125797%  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%
            --------   ----------               --------   ---------               --------   ---------
            0.130976%    0.125797%              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       740,918.19
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       740,918.19

<CAPTION>
                      No. of     Principal                No. of    Principal
                       Loans      Balance                 Loans      Balance
<S>                 <C>         <C>         <C>         <C>        <C>
                     0.000000%    0.000000%  0-29 Days   0.000000%    0.000000%
0-29 Days            0.000000%    0.000000%  30 Days     0.130976%    0.125797%
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%              0.130976%    0.125797%
</TABLE>


<TABLE>
<S>                                         <C>    <C>                                            <C>    <C>                <C>
Current Period Class A Insufficient Funds:  0.00   Principal Balance of Contaminated Properties   0.00   Periodic Advance   1,972.58
</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%  588,979,292.49   100.00000000%         96.034780%      0.000000%
Class 1-A-1       597,892.324.82   92.28265402%  571,057,328.30    96.95711472%          3.042885%     76.739381%
Class 1-A-2       536,424,324.82   82.79527654%  509,589,328.30    86.52075460%         10.436360%    263.197504%
Class 2A           73,327,324.82   11.31782407%   70,289,378.73    11.93410017%         74.586654%  1,881.021836%
Class 3A           23,354,324.82    3.60466089%   23,354,324.82     3.96522002%          7.968880%    200.969432%
Class X-1          23,354,324.82    3.60466089%   23,354,324.82     3.96522002%          0.000000%      0.000000%
Class B-1          14,285,324.82    2.20489147%   14,285,324.82     2.42543753%          1.539782%     38.832208%
Class B-2           8,780,324.82    1.35521338%    8,780,324.82     1.49076970%          0.934668%     23.571651%
Class B-3           4,894,324.82    0.75542245%    4,894,324.82     0.83098419%          0.659786%     16.639316%
Class B-4           3,276,324.82    0.50568963%    3,276,324.82     0.55627165%          0.274713%      6.928053%
Class B-5           2,306,324.82    0.35597342%    2,306,324.82     0.39157995%          0.164692%      4.153406%
Class B-6                   0.00    0.00000000%            0.00     0.00000000%          0.391580%      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   0.02140058%
         Fraud     19,436,773.00   3.00000004%  19,436,773.00   3.30007748%
Special Hazard     15,500,000.00   2.39237247%  15,499,500.00   2.63158658%
</TABLE>

Limit of subordinate's exposure to certain types of losses
<PAGE>
                           DELINQUENCY STATUS BY GROUP

                                     GROUP 1
<TABLE>
<CAPTION>
            DELINQUENT                           BANKRUPTCY                              FORECLOSURE
            ----------                           ----------                              -----------
<S>         <C>        <C>          <C>         <C>        <C>         <C>         <C>        <C>         <C>
             No. of     Principal                No. of    Principal                No. of    Principal
             Loans       Balance                 Loans      Balance                 Loans      Balance
0-29 Days       0            0.00   0-29 Days      0            0.00   0-29 Days      0            0.00   0-29 Days
30 Days         0            0.00   30 Days        0            0.00   30 Days        0            0.00   30 Days
60 Days         0            0.00   60 Days        0            0.00   60 Days        0            0.00   60 Days
90 Days         0            0.00   90 Days        0            0.00   90 Days        0            0.00   90 Days
120 Days        0            0.00   120 Days       0            0.00   120 Days       0            0.00   120 Days
150 Days        0            0.00   150 Days       0            0.00   150 Days       0            0.00   150 Days
180+ 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


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

0-29 Days   0.000000%    0.000000%  0-29 Days   0.000000%   0.000000% 0-29 Days    0.000000%   0.000000%  0-29 Days
30 Days     0.000000%    0.000000%  30 Days     0.000000%   0.000000% 30 Days      0.000000%   0.000000%  30 Days
60 Days     0.000000%    0.000000%  60 Days     0.000000%   0.000000% 60 Days      0.000000%   0.000000%  60 Days
90 Days     0.000000%    0.000000%  90 Days     0.000000%   0.000000% 90 Days      0.000000%   0.000000%  90 Days
120 Days    0.000000%    0.000000%  120 Days    0.000000%   0.000000% 120 Days     0.000000%   0.000000%  120 Days
150 Days    0.000000%    0.000000%  150 Days    0.000000%   0.000000% 150 Days     0.000000%   0.000000%  150 Days
180+ 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%
</TABLE>

<TABLE>
<CAPTION>
                         REO                                 TOTAL
                         ---                                 -----
<S>         <C>         <C>         <C>          <C>       <C>
             No. of     Principal                No. of    Principal
              Loans      Balance                 Loans      Balance

                0            0.00   0-29 Days      0            0.00
                0.           0.00   30 Days        0            0.00
                0            0.00   60 Days        0            0.00
                0            0.00   90 Days        0            0.00
                0            0.00   120 Days       0            0.00
                0            0.00   150 Days       0            0.00
                0            0.00   180+ Days      0            0.00
            --------   ----------               --------   ----------
                0            0.00                  0            0.00

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

            0.000000%    0.000000%  0-29 Days   0.000000%   0.000000%
            0.000000%    0.000000%  30 Days     0.000000%   0.000000%
            0.000000%    0.000000%  60 Days     0.000000%   0.000000%
            0.000000%    0.000000%  90 Days     0.000000%   0.000000%
            0.000000%    0.000000%  120 Days    0.000000%   0.000000%
            0.000000%    0.000000%  150 Days    0.000000%   0.000000%
            0.000000%    0.000000%  180+ Days   0.000000%   0.000000%
            --------   ----------               --------   ----------
            0.000000%    0.000000%              0.000000%   0.000000%
</TABLE>

                                     GROUP 2

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

0-29 Days       0            0.00   0-29 Days      0            0.00   0-29 Days       0           0.00
30 Days         2      740,918.19   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      740,918.19                  0            0.00                   0           0.00


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

0-29 Days   0.000000%    0.000000%  0-29 Days   0.000000%   0.000000%  0-29 Days   0.000000%   0.000000%
30 Days     0.164745%    0.162271%  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%
            --------   ----------               --------   ---------               --------   ---------
            0.164745%    0.162271%              0.000000%   0.000000%              0.000000%   0.000000%
</TABLE>

<TABLE>
<CAPTION>
                                 REO                                TOTAL
                                 ---                                -----
<S>                      <C>        <C>         <C>          <C>       <C>
                         No. of     Principal                No. of    Principal
                          Loans      Balance                 Loans      Balance

0-29 Days                   0            0.00   0-29 Days      0             0.00
30 Days                     0            0.00   30 Days        2       740,918.19
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       740,918.19

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

0-29 Days               0.000000%    0.000000%  0-29 Days   0.000000%   0.000000%
30 Days                 0.000000%    0.000000%  30 Days     0.164745%   0.162271%
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%              0.164745%   0.162271%
</TABLE>
<PAGE>
                                     Group 3

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

0-29 Days       0            0.00   0-29 Days      0            0.00   0-29 Days       0           0.00
30 Days         0            0.00   30 Days        0            0.00   30 Days         0           0.00
60 Days         0            0.00   60 Days        0            0.00   60 Days         0           0.00
90 Days         0            0.00   90 Days        0            0.00   90 Days         0           0.00
120 Days        0            0.00   120 Days       0            0.00   120 Days        0           0.00
150 Days        0            0.00   150 Days       0            0.00   150 Days        0           0.00
180+ Days       0            0.00   180+ Days      0            0.00   180+ Days       0           0.00
            --------   ----------               --------   ---------               --------   ---------
                0            0.00                  0            0.00                   0           0.00


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

0-29 Days   0.000000%    0.000000%  0-29 Days   0.000000%   0.000000%  0-29 Days   0.000000%   0.000000%
30 Days     0.000000%    0.000000%  30 Days     0.000000%   0.000000%  30 Days     0.000000%   0.000000%
60 Days     0.000000%    0.000000%  60 Days     0.000000%   0.000000%  60 Days     0.000000%   0.000000%
90 Days     0.000000%    0.000000%  90 Days     0.000000%   0.000000%  90 Days     0.000000%   0.000000%
120 Days    0.000000%    0.000000%  120 Days    0.000000%   0.000000%  120 Days    0.000000%   0.000000%
150 Days    0.000000%    0.000000%  150 Days    0.000000%   0.000000%  150 Days    0.000000%   0.000000%
180+ Days   0.000000%    0.000000%  180+ Days   0.000000%   0.000000%  180+ Days   0.000000%   0.000000%
            --------   ----------               --------   ---------               --------   ---------
            0.000000%    0.000000%              0.000000%   0.000000%              0.000000%   0.000000%
</TABLE>

<TABLE>
<CAPTION>
                              REO                                 TOTAL
                              ---                                 -----
<S>               <C>          <C>        <C>         <C>         <C>
                      No. of     Principal                No. of     Principal
                      Loans      Balance                  Loans      Balance

0-29 Days              0            0.00     0-29 Days       0           0.00
30 Days                0            0.00      30 Days        0           0.00
60 Days                0            0.00      60 Days        0           0.00
90 Days                0            0.00      90 Days        0           0.00
120 Days               0            0.00      120 Days       0           0.00
150 Days               0            0.00      150 Days       0           0.00
180+ Days              0            0.00     180+ Days       0           0.00
                   --------   ----------                 --------   ----------
                       0            0.00                     0            0.00

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

0-29 Days         0.000000%    0.000000%  0-29 Days   0.000000%   0.000000%
30 Days           0.000000%    0.000000%  30 Days     0.000000%   0.000000%
60 Days           0.000000%    0.000000%  60 Days     0.000000%   0.000000%
90 Days           0.000000%    0.000000%  90 Days     0.000000%   0.000000%
120 Days          0.000000%    0.000000%  120 Days    0.000000%   0.000000%
150 Days          0.000000%    0.000000%  150 Days    0.000000%   0.000000%
180+ Days         0.000000%    0.000000%  180+ Days   0.000000%   0.000000%
                  --------     --------               --------    --------
                  0.000000%    0.000000%              0.000000%   0.000000%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<S>                                                    <C>
Collateral Description                                      Mixed Arm

Weighted Average Gross Coupon                                3.733135%
Weighted Average Net Coupon                                  3.367399%
Weighted Average Pass-Through Rate                           3.358399%
Weighted Average Maturity (Stepdown Calculation)                  325

Beginning Scheduled Collateral Loan Count                       1,545
Number of Loans Paid in Full                                       18
Ending Scheduled Collateral Loan Count                          1,527

Beginning Scheduled Collateral Balance                 598,652,483.02
Ending Scheduled Collateral Balance                    588,979,292.49
Ending Actual Collateral Balance at 31-Jan-2003        588,978,381.37

Monthly P&I Constant                                     1,867,478.20
Special Servicing Fee                                            0.00
Prepayment Penalties                                             0.00
Realization Loss Amount                                          0.00
Cumulative Realized Loss                                         0.00

Class A Optimal Amount                                  11,281,862.53

Ending Scheduled Balance for Premium Loans             588,979,292.49

Scheduled Principal                                          5,102.66
Unscheduled Principal                                    9,668,087.87
</TABLE>


                             MISCELLANEOUS REPORTING
<TABLE>
<S>                                                    <C>
One Month Libor Loan Balance                           185,101,061.16
Six Month Libor Loan Balance                           403,518,201.45
Pro Rata Senior Percent                                     96.098851%
Senior Percentage                                          100.000000%
Senior Prepay Percentage                                   100.000000%
Subordinate Percentage                                       0.000000%
Subordinate Prepayment Percentage                            0.000000%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
        GROUP                                 1               2                3             TOTAL
        -----                           -------------   --------------   -------------   --------------
<S>                                     <C>             <C>              <C>             <C>
Collateral Description                      Mixed ARM        Mixed ARM       Mixed ARM        Mixed ARM
Weighted Average Coupon Rate                 5.590123         3.380956        3.699188         3.733135
Weighted Average Net Rate                    5.340123         2.994038        3.324188         3.367399
Pass-Through Rate                            5.331123         2.985038        3.315188         3.358399
Weighted Average Maturity                         349              316             353              325
Record Date                                01/31/2003       01/31/2003      01/31/2003       01/31/2003
Principal and Interest Constant            411,801.48     1,303,076.66      152,600.06     1,867,478.20
Beginning Loan Count                              175            1,223             147            1,545
Loans Paid in Full                                  8                9               1               18
Ending Loan Count                                 167            1,214             146            1,527
Beginning Scheduled Balance             88,304,529.11   460,845,177.26   49,502,776.65   598,652,483.02
Ending Scheduled Balance                83,553,247.08   456,594,037.31   48,832,008.10   588,979,292.49
Scheduled Principal                            440.49         4,662.17            0.00         5,102.66
Unscheduled Principal                    4,750,841.54     4,246,477.78      670,768.55     9,668,087.87
Scheduled Interest                         411,360.99     1,298,414.49      152,600.06     1,862,375.54
Servicing Fee                               18,396.78       148,591.21       15,469.62       182,457.61
Master Servicing Fee                           662.28         3,456.34          371.27         4,489.89
Trustee Fee                                      0.00              0.00           0.00             0.00
FRY Amount                                       0.00              0.00           0.00             0.00
Special Hazard Fee                               0.00              0.00           0.00             0.00
Other Fee                                        0.00              0.00           0.00             0.00
Pool Insurance Fee                               0.00              0.00           0.00             0.00
Spread 1                                         0.00              0.00           0.00             0.00
Spread 2                                         0.00              0.00           0.00             0.00
Spread 3                                         0.00              0.00           0.00             0.00
Net Interest                               392,301.93      1,146,366.94     136,759.17     1,675,428.04
Realized Loss Amount                             0.00              0.00           0.00             0.00
Cumulative Realized Loss                         0.00              0.00           0.00             0.00
Percentage of Cumulative Losses                  0.00              0.00           0.00             0.00
Prepayment Penalties                             0.00              0.00           0.00             0.00
Special Servicing Fee                            0.00              0.00           0.00             0.00
</TABLE>