<PAGE>

                                  EXHIBIT 10.1

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

                                SMT SERIES 2002-9
                          RECORD DATE: JANUARY 31, 2003
                      DISTRIBUTION DATE: FEBRUARY 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                   Certificate Certificate    Beginning                              Current      Ending                  Cumulative
                      Class    Pass-Through  Certificate     Interest    Principal   Realized   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>
    1A   81743SAA8     SEN       1.71125%   371,172,126.48   529,306.92   644,911.55     0.00 370,527,214.93 1,174,218.47       0.00
    2A   81743SAB6     SEN       3.27487%   160,516,743.92   438,059.66 3,942,022.25     0.00 156,574,721.67 4,380,081.91       0.00
   X-1A  81743SAC4      IO       1.05283%             0.00   173,852.63         0.00     0.00           0.00   173,852.63       0.00
   X-1B  81743SAD2      IO       1.18810%             0.00   171,302.12         0.00     0.00           0.00   171,302.12       0.00
   X-B   81743SAE0      IO       0.85322%             0.00     5,476.23         0.00     0.00           0.00     5,476.23       0.00
   A-R   81743SAF7     SEN       3.31673%             0.00         0.00         0.00     0.00           0.00         0.00       0.00
   B-1   81743SAG5     SUB       2.11125%     7,702,000.00    13,550.71         0.00     0.00   7,702,000.00    13,550.71       0.00
   B-2   81743SAH3     SUB       2.96447%     4,564,000.00    11,274.86         0.00     0.00   4,564,000.00    11,274.86       0.00
   B-3   81743SAJ9     SUB       2.96447%     3,424,000.00     8,458.61         0.00     0.00   3,424,000.00     8,458.61       0.00
   B-4   SMT0209B4     SUB       2.96447%     1,426,000.00     3,522.77         0.00     0.00   1,426,000.00     3,522.77       0.00
   B-5   SMR0209B5     SUB       2.96447%       856,000.00     2,114.65         0.00     0.00     856,000.00     2,114.65       0.00
   B-6   SMT0209B6     SUB       2.96447%     1,997,086.78     4,933.58         0.00     0.00   1,997,086.78     4,933.58       0.00
------   ---------     ---       -------    -------------- ------------ ------------     ---- -------------- ------------       ----
Totals                                      551,657,957.18 1,361,852.74 4,586,933.80     0.00 547,071,023.38 5,948,786.54       0.00
------   ---------     ---       -------    -------------- ------------ ------------     ---- -------------- ------------       ----
</TABLE>

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


<TABLE>
<CAPTION>
             Original        Beginning       Scheduled     Unscheduled
               Face         Certificate      Principal      Principal                 Realized
Class         Amount          Balance       Distribution   Distribution   Accretion   Loss (1)
-----         ------          -------       ------------   ------------   ---------   --------
<S>       <C>              <C>              <C>            <C>            <C>         <C>
   1A     381,698,000.00   371,172,126.48          1.30      644,910.25      0.00         0.00
   2A     168,875,000.00   160,516,743.92          0.00    3,942,022.25      0.00         0.00
  X-1A              0.00             0.00          0.00            0.00      0.00         0.00
  X-1B              0.00             0.00          0.00            0.00      0.00         0.00
  X-B               0.00             0.00          0.00            0.00      0.00         0.00
  A-R             100.00             0.00          0.00            0.00      0.00         0.00
  B-1       7,702,000.00     7,702,000.00          0.00            0.00      0.00         0.00
  B-2       4,564,000.00     4,564,000.00          0.00            0.00      0.00         0.00
  B-3       3,424,000.00     3,424,000.00          0.00            0.00      0.00         0.00
  B-4       1,426,000.00     1,426,000.00          0.00            0.00      0.00         0.00
  B-5         856,000.00       856,000.00          0.00            0.00      0.00         0.00
  B-6       1,997,086.78     1,997,086.78          0.00            0.00      0.00         0.00
          --------------   --------------          ----    ------------      ----         ----
Totals    570,533,186.78   551,657,957.18          1.30    4,586,932.50      0.00         0.00
          --------------   --------------          ----    ------------      ----         ----
</TABLE>

<TABLE>
<CAPTION>
             Total          Ending          Ending         Total
           Principal      Certificate     Certificate    Principal
Class      Reduction        Balance       Percentage    Distribution
-----      ---------        -------       ----------    ------------
<S>       <C>            <C>              <C>          <C>
   1A       644,911.55   370,527,214.93   0.97075686     644,911.55
   2A     3,942,022.25   156,574,721.67   0.92716341   3,942,022.25
  X-1A            0.00             0.00   0.00000000           0.00
  X-1B            0.00             0.00   0.00000000           0.00
  X-B             0.00             0.00   0.00000000           0.00
  A-R             0.00             0.00   0.00000000           0.00
  B-1             0.00     7,702,000.00   1.00000000           0.00
  B-2             0.00     4,564,000.00   1.00000000           0.00
  B-3             0.00     3,424,000.00   1.00000000           0.00
  B-4             0.00     1,426,000.00   1.00000000           0.00
  B-5             0.00       856,000.00   1.00000000           0.00
  B-6             0.00     1,997,086.78   1.00000000           0.00
          ------------   --------------   ----------   ------------
Totals    4,586,933.80   547,071,023.38   0.95887678   4,586,933.80
          ------------   --------------   ----------   ------------
</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.

<TABLE>
<CAPTION>
             Original        Beginning       Scheduled     Unscheduled
               Face         Certificate      Principal      Principal                 Realized
Class         Amount          Balance       Distribution   Distribution   Accretion   Loss (1)
-----         ------          -------       ------------   ------------   ---------   --------
<S>       <C>              <C>              <C>            <C>            <C>         <C>
   1A     381,698,000.00   371,172,126.48          1.30      644,910.25      0.00         0.00
   2A     168,875,000.00   160,516,743.92          0.00    3,942,022.25      0.00         0.00
  X-1A              0.00             0.00          0.00            0.00      0.00         0.00
  X-1B              0.00             0.00          0.00            0.00      0.00         0.00
  X-B               0.00             0.00          0.00            0.00      0.00         0.00
  A-R             100.00             0.00          0.00            0.00      0.00         0.00
  B-1       7,702,000.00     7,702,000.00          0.00            0.00      0.00         0.00
  B-2       4,564,000.00     4,564,000.00          0.00            0.00      0.00         0.00
  B-3       3,424,000.00     3,424,000.00          0.00            0.00      0.00         0.00
  B-4       1,426,000.00     1,426,000.00          0.00            0.00      0.00         0.00
  B-5         856,000.00       856,000.00          0.00            0.00      0.00         0.00
  B-6       1,997,086.78     1,997,086.78          0.00            0.00      0.00         0.00
          --------------   --------------          ----    ------------      ----         ----
Totals    570,533,186.78   551,657,957.18          1.30    4,586,932.50      0.00         0.00
          --------------   --------------          ----    ------------      ----         ----
</TABLE>

<TABLE>
<CAPTION>
             Total          Ending          Ending         Total
           Principal      Certificate     Certificate    Principal
Class      Reduction        Balance       Percentage    Distribution
-----      ---------        -------       ----------    ------------
<S>       <C>            <C>              <C>          <C>
   1A       644,911.55   370,527,214.93   0.97075686     644,911.55
   2A     3,942,022.25   156,574,721.67   0.92716341   3,942,022.25
  X-1A            0.00             0.00   0.00000000           0.00
  X-1B            0.00             0.00   0.00000000           0.00
  X-B             0.00             0.00   0.00000000           0.00
  A-R             0.00             0.00   0.00000000           0.00
  B-1             0.00     7,702,000.00   1.00000000           0.00
  B-2             0.00     4,564,000.00   1.00000000           0.00
  B-3             0.00     3,424,000.00   1.00000000           0.00
  B-4             0.00     1,426,000.00   1.00000000           0.00
  B-5             0.00       856,000.00   1.00000000           0.00
  B-6             0.00     1,997,086.78   1.00000000           0.00
          ------------   --------------   ----------   ------------
Totals    4,586,933.80   547,071,023.38   0.95887678   4,586,933.80
          ------------   --------------   ----------   ------------
</TABLE>

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
             Original        Beginning       Scheduled     Unscheduled
               Face         Certificate      Principal      Principal                  Realized
Class         Amount          Balance       Distribution   Distribution    Accretion   Loss (3)
-----         ------          -------       ------------   ------------    ---------   --------
<S>       <C>              <C>              <C>            <C>            <C>         <C>
   1A     381,698,000.00    972.44648518      0.00000341     1.68962231   0.00000000  0.00000000
   2A     168,875,000.00    950.50625563      0.00000000    23.34284086   0.00000000  0.00000000
  X-1A              0.00      0.00000000      0.00000000     0.00000000   0.00000000  0.00000000
  X-1B              0.00      0.00000000      0.00000000     0.00000000   0.00000000  0.00000000
  X-B               0.00      0.00000000      0.00000000     0.00000000   0.00000000  0.00000000
  A-R             100.00      0.00000000      0.00000000     0.00000000   0.00000000  0.00000000
  B-1       7,702,000.00   1000.00000000      0.00000000     0.00000000   0.00000000  0.00000000
  B-2       4,564,000.00   1000.00000000      0.00000000     0.00000000   0.00000000  0.00000000
  B-3       3,424,000.00   1000.00000000      0.00000000     0.00000000   0.00000000  0.00000000
  B-4       1,426,000.00   1000.00000000      0.00000000     0.00000000   0.00000000  0.00000000
  B-5         856,000.00   1000.00000000      0.00000000     0.00000000   0.00000000  0.00000000
  B-6       1,997,086.78   1000.00000000      0.00000000     0.00000000   0.00000000  0.00000000
            ------------   -------------      ----------     ----------   ----------  ----------
</TABLE>

<TABLE>
<CAPTION>
            Total          Ending          Ending         Total
           Principal      Certificate     Certificate    Principal
Class      Reduction        Balance       Percentage    Distribution
-----      ---------        -------       ----------    ------------
<S>       <C>            <C>              <C>          <C>
   1A      1.68962572     970.75685946    0.97075686      1.68962572
   2A     23.34284086     927.16341477    0.92716341     23.34284086
  X-1A     0.00000000       0.00000000    0.00000000      0.00000000
  X-1B     0.00000000       0.00000000    0.00000000      0.00000000
  X-B      0.00000000       0.00000000    0.00000000      0.00000000
  A-R      0.00000000       0.00000000    0.00000000      0.00000000
  B-1      0.00000000    1000.00000000    1.00000000      0.00000000
  B-2      0.00000000    1000.00000000    1.00000000      0.00000000
  B-3      0.00000000    1000.00000000    1.00000000      0.00000000
  B-4      0.00000000    1000.00000000    1.00000000      0.00000000
  B-5      0.00000000    1000.00000000    1.00000000      0.00000000
  B-6      0.00000000    1000.00000000    1.00000000      0.00000000
           ----------    -------------    ----------      ----------
</TABLE>

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

<TABLE>
<CAPTION>
                                          Beginning                     Payment                    Non-
            Original        Current      Certificate        Current    of Unpaid    Current      Supported
              Face        Certificate      Notional         Accrued     Interest    Interest     Interest    Realized
 Class       Amount          Rate          Balance          Interest   Shortfall    Shortfall    Shortfall   Loss (4)
 -----       ------          ----          -------          --------   ---------    ---------    ---------   --------
<S>      <C>              <C>           <C>              <C>           <C>          <C>          <C>         <C>
  1A     381,698,000.00      1.71125%   371,172,126.48     529,306.92       0.00         0.00        0.00        0.00
  2A     168,875,000.00      3.27487%   160,516,743.92     438,059.66       0.00         0.00        0.00        0.00
 X-1A              0.00      1.05283%   198,154,754.93     173,852.63       0.00         0.00        0.00        0.00
 X-1B              0.00      1.18810%   173,017,371.55     171,302.13       0.00         0.00        0.00        0.00
  X-B              0.00      0.85322%     7,702,000.00       5,476.23       0.00         0.00        0.00        0.00
  A-R            100.00      3.31673%             0.00           0.00       0.00         0.00        0.00        0.00
  B-1      7,702,000.00      2.11125%     7,702,000.00      13,550.71       0.00         0.00        0.00        0.00
  B-2      4,564,000.00      2.96447%     4,564,000.00      11,274.86       0.00         0.00        0.00        0.00
  B-3      3,424,000.00      2.96447%     3,424,000.00       8,458.61       0.00         0.00        0.00        0.00
  B-4      1,426,000.00      2.96447%     1,426,000.00       3,522.77       0.00         0.00        0.00        0.00
  B-5        856,000.00      2.96447%       856,000.00       2,114.65       0.00         0.00        0.00        0.00
  B-6      1,997,086.78      2.96447%     1,997,086.78       4,933.58       0.00         0.00        0.00        0.00
         --------------      -------      ------------   ------------       ----         ----        ----        ----
Totals   570,533,186.78                                  1,361,852.75       0.00         0.00        0.00        0.00
         --------------      -------      ------------   ------------       ----         ----        ----        ----
</TABLE>

<TABLE>
<CAPTION>
                         Remaining        Ending
            Total         Unpaid       Certificate/
           Interest      Interest       Notational
 Class   Distribution    Shortfall       Balance
 -----   ------------    ---------       -------
<S>      <C>             <C>          <C>
  1A       529,306.92         0.00    370,527,214.93
  2A       438,059.66         0.00    156,574,721.67
 X-1A      173,852.63         0.00    197,699,294.52
 X-1B      171,302.12         0.00    172,827,920.41
  X-B        5,476.23         0.00      7,702,000.00
  A-R            0.00         0.00              0.00
  B-1       13,550.71         0.00      7,702,000.00
  B-2       11,274.86         0.00      4,564,000.00
  B-3        8,458.61         0.00      3,424,000.00
  B-4        3,522.77         0.00      1,426,000.00
  B-5        2,114.65         0.00        856,000.00
  B-6        4,933.58         0.00      1,997,086.78
         ------------         ----    --------------
Totals   1,361,852.74         0.00
         ------------         ----    --------------
</TABLE>

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

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                          Beginning                     Payment                    Non-
            Original        Current      Certificate        Current    of Unpaid    Current      Supported
              Face        Certificate      Notional         Accrued     Interest    Interest     Interest    Realized
Class(5)     Amount          Rate          Balance          Interest   Shortfall    Shortfall    Shortfall   Loss (6)
 -----       ------          ----          -------          --------   ---------    ---------    ---------   --------
<S>      <C>              <C>           <C>              <C>           <C>          <C>          <C>         <C>
  1A     381,698,000.00      1.71125%    972.44648518      1.38674921  0.00000000   0.00000000   0.00000000  0.00000000
  2A     168,875,000.00      3.27487%    950.50625563      2.59398762  0.00000000   0.00000000   0.00000000  0.00000000
 X-1A              0.00      1.05283%    972.46015957      0.85319556  0.00000000   0.00000000   0.00000000  0.00000000
 X-1B              0.00      1.18810%    972.43082452      0.96279044  0.00000000   0.00000000   0.00000000  0.00000000
  X-B              0.00      0.85322%   1000.00000000      0.71101402  0.00000000   0.00000000   0.00000000  0.00000000
  A-R            100.00      3.31673%      0.00000000      0.00000000  0.00000000   0.00000000   0.00000000  0.00000000
  B-1      7,702,000.00      2.11125%   1000.00000000      1.75937549  0.00000000   0.00000000   0.00000000  0.00000000
  B-2      4,564,000.00      2.96447%   1000.00000000      2.47039001  0.00000000   0.00000000   0.00000000  0.00000000
  B-3      3,424,000.00      2.96447%   1000.00000000      2.47038843  0.00000000   0.00000000   0.00000000  0.00000000
  B-4      1,426,000.00      2.96447%   1000.00000000      2.47038569  0.00000000   0.00000000   0.00000000  0.00000000
  B-5        856,000.00      2.96447%   1000.00000000      2.47038551  0.00000000   0.00000000   0.00000000  0.00000000
  B-6      1,997,086.78      2.96447%   1000.00000000      2.47038839  0.00000000   0.00000000   0.00000000  0.00000000
           ------------      -------    -------------      ----------  ----------   ----------   ----------  ----------
</TABLE>

<TABLE>
<CAPTION>
                         Remaining        Ending
            Total         Unpaid       Certificate/
           Interest      Interest       Notational
Class(5) Distribution    Shortfall       Balance
 -----   ------------    ---------       -------
<S>      <C>             <C>          <C>
  1A       1.38674921    0.00000000    970.75685946
  2A       2.59398762    0.00000000    927.16341477
 X-1A      0.85319556    0.00000000    970.22495153
 X-1B      0.96279039    0.00000000    971.36602897
  X-B      0.71101402    0.00000000   1000.00000000
  A-R      0.00000000    0.00000000      0.00000000
  B-1      1.75937549    0.00000000   1000.00000000
  B-2      2.47039001    0.00000000   1000.00000000
  B-3      2.47038843    0.00000000   1000.00000000
  B-4      2.47038569    0.00000000   1000.00000000
  B-5      2.47038551    0.00000000   1000.00000000
  B-6      2.47038839    0.00000000   1000.00000000
           ----------    ----------   -------------
</TABLE>

(5) Per $1 denomination

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

                               CERTIFICATE ACCOUNT

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

Deposits
    Payments of Interest and Principal                              6,117,334.64
    Liquidations, Insurance Proceeds, Reserve Funds                         0.00
    Proceeds from Repurchased Loans                                         0.00
    Other Amounts (Servicer Advances)                                   8,201.19
    Realized Losses                                                         0.00
    Prepayment Penalties                                                    0.00
                                                                    ------------
Total Deposits                                                      6,125,535.83

Withdrawals
    Reimbursement for Servicer Advances                                     0.00
    Payment of Service Fee                                            176,749.29
    Payment of Interest and Principal                               5,948,786.54
                                                                    ------------
Total Withdrawals (Pool Distribution Amount)                        6,125,535.83

Ending Balance                                                              0.00
                                                                    ============

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

Total Prepayment/Curtailment Interest Shortfall                             0.00
Servicing Fee Support                                                       0.00
                                                                    ------------

Non-Supported Prepayment Curtailment Interest Shortfall                     0.00
                                                                    ============

                                 SERVICING FEES

Gross Servicing Fee                                                   172,611.86
Master Servicing Fee                                                    4,137.43
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                    ------------

Net Servicing Fee                                                     176,749.29
                                                                    ============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                Beginning       Current       Current     Ending
        Account Type             Balance      Withdrawals     Deposits    Balance
        ------------             -------      -----------     --------    -------
<S>                             <C>           <C>             <C>         <C>
X-1 Basis Risk Reserve Fund      5,000.00            0.00         0.00    5,000.00
X-2 Basis Risk Reserve Fund      5,000.00            0.00         0.00    5,000.00
</TABLE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
            DELINQUENT                            BANKRUPTCY                          FORECLOSURE
            ----------                            ----------                          -----------
             No. of     Principal                    No. of    Principal                 No. of    Principal
             Loans       Balance                      Loans     Balance                  Loans      Balance
             -----       -------                      -----     -------                  -----      -------
<S>        <C>         <C>             <C>          <C>        <C>          <C>         <C>        <C>
0-29 Days      0               0.00    0-29 Days        0           0.00    0-29 Days       0           0.00
30 Days        8       1,570,518.40    30 Days          0           0.00    30 Days         0           0.00
60 Days        3       1,554,753.12    60 Days          0           0.00    60 Days         0           0.00
90 Days        0               0.00    90 Days          0           0.00    90 Days         0           0.00
120 Days       0               0.00    120 Days         0           0.00    120 Days        0           0.00
150 Days       0               0.00    150 Days         0           0.00    150 Days        0           0.00
180+ Days      0               0.00    180+ Days        0           0.00    180+ Days       0           0.00
           -----       ------------                 -----       --------                -----      ---------
              11       3,125,271.52                     0           0.00                    0           0.00


             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    0.542741%    0.287086%      30 Days      0.000000%   0.000000%   30 Days     0.000000%  0.000000%
60 Days    0.203528%    0.284204%      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%
           ---------    ---------                   ---------   ---------               ---------  ---------
           0.746269%    0.571290%                   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>        <C>
0-29 Days   0-29 Days       0           0.00    0-29 Days        0             0.00
30 Days     30 Days         0           0.00    30 Days          8     1,570,518.40
60 Days     60 Days         0           0.00    60 Days          3     1,554,753.12
90 Days     90 Days         0           0.00    90 Days          0             0.00
120 Days    120 Days        0           0.00    120 Days         0             0.00
150 Days    150 Days        0           0.00    150 Days         0             0.00
180+ Days   180+ Days       0           0.00    180+ Days        0             0.00
                        ---------  ---------                ------     ------------
                            0           0.00                    11     3,125,271.52


                         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     0.542741%   0.287086%
60 Days     60 Days     0.000000%  0.000000%    60 Days     0.203528%   0.284204%
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%                0.746269%   0.571290%
</TABLE>

<TABLE>
<S>                                            <C>
Current Period Class A Insufficient Funds:         0.00
Principal Balance of Contaminated Properties       0.00
Periodic Advance                               8,201.19
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                Original $       Original %       Current $          Current %      Current Class %     Prepayment %
                ----------       ----------       ---------          ---------      ---------------     ------------
<S>           <C>               <C>             <C>                <C>              <C>                <C>
 Class A      570,533,086.78    99.99998247%    547,071,023.38     100.00000000%        96.349818%         0.000000%
Class 1A      188,844,086.78    33.09957968%    176,543,808.45      32.27072919%        67.729271%     1,855.504055%
Class 2A       19,969,086.78     3.50007453%     19,969,086.78       3.65018177%        28.620547%       784.085539%
Class B-1      12,267,086.78     2.15010924%     12,267,086.78       2.24232070%         1.407861%        38.569616%
Class B-2       7,703,086.78     1.35015578%      7,703,086.78       1.40805973%         0.834261%        22.855327%
Class B-3       4,279,086.78     0.75001540%      4,279,086.78       0.78218122%         0.625879%        17.146503%
Class B-4       2,853,086.78     0.50007376%      2,853,086.78       0.52152036%         0.260661%         7.141038%
Class B-5       1,997,086.78     0.35003867%      1,997,086.78       0.36505073%         0.156470%         4.286626%
Class B-6               0.00     0.00000000%              0.00       0.00000000%         0.365051%        10.000892%
</TABLE>

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




<TABLE>
<CAPTION>
                     Original $      Original %       Current $        Current %
                     ----------      ----------       ---------        ---------
<S>                <C>               <C>            <C>               <C>
    Bankruptcy        100,000.00     0.01752746%       100,000.00     0.01827916%
         Fraud     17,115,996.00     3.00000007%    17,115,996.00     3.12866068%
Special Hazard     6,000,0000.00     1.05164785%     5,999,500.00     1.09665834%
</TABLE>

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

                                     GROUP 1

<TABLE>
<CAPTION>
            DELINQUENT                                 BANKRUPTCY                             FORECLOSURE
            ----------                                 ----------                             -----------
              No. of          Principal                  No. of      Principal                  No. of      Principal
               Loans           Balance                    Loans       Balance                    Loans       Balance
               -----           -------                    -----       -------                    -----       -------
<S>          <C>          <C>              <C>          <C>          <C>         <C>           <C>          <C>
0-29 Days        0                0.00     0-29 Days        0            0.00    0-29 Days         0            0.00
30 Days          2          315,474.20     30 Days          0            0.00    30 Days           0            0.00
60 Days          3        1,554,753.12     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
             -----        ------------                  -----        --------                  -----        --------
                 5        1,870,227.32                      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      0.199005%        0.082076%    30 Days      0.000000%    0.000000%   30 Days       0.000000%    0.000000%
60 Days      0.298507%        0.404498%    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%
             --------     ------------                  --------     --------                  --------     --------
             0.497512%        0.486574%                 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>         <C>
0-29 Days   0-29 Days        0               0.00     0-29 Days        0               0.00
30 Days     30 Days          0.              0.00     30 Days          2         315,474.20
60 Days     60 Days          0               0.00     60 Days          3       1,554,753.12
90 Days     90 Days          0               0.00     90 Days          0               0.00
120 Days    120 Days         0               0.00     120 Days         0               0.00
150 Days    150 Days         0               0.00     150 Days         0               0.00
180+ Days   180+ Days        0               0.00     180+Days         0               0.00
                         --------        --------                  -----       ------------
                             0               0.00                      5       1,870,227.32
                         --------        --------                  -----       ------------


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

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      0.199005%       0.082076%
60 Days     60 Days      0.000000%       0.000000%    60 Days      0.298507%       0.404498%
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%                 0.497512%       0.486574%
                         --------        --------                  --------    ------------
</TABLE>


                                     GROUP 2

<TABLE>
<CAPTION>
            DELINQUENT                                 BANKRUPTCY                             FORECLOSURE
            ----------                                 ----------                             -----------
              No. of          Principal                  No. of      Principal                  No. of      Principal
               Loans           Balance                    Loans       Balance                    Loans       Balance
               -----           -------                    -----       -------                    -----       -------
<S>          <C>          <C>              <C>          <C>          <C>         <C>           <C>          <C>
0-29 Days        0                0.00     0-29 Days        0            0.00    0-29 Days         0            0.00
30 Days          6        1,255,044.20     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
             -----        ------------                  -----        --------                  -----        --------
                 6        1,255,044.20                      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      1.279318%        0.771439%    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%
             --------     ------------                  --------     --------                  --------     --------
             1.279318%        0.771439%                 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>         <C>
0-29 Days   0-29 Days           0            0.00     0-29 Days        0               0.00
30 Days     30 Days             0            0.00     30 Days          6       1,255,044.20
60 Days     60 Days             0            0.00     60 Days          0               0.00
90 Days     90 Days             0            0.00     90 Days          0               0.00
120 Days    120 Days            0            0.00     120 Days         0               0.00
150 Days    150 Days            0            0.00     150 Days         0               0.00
180+ Days   180+ Days           0            0.00     180+ Days        0               0.00
                         --------        --------                  -----       ------------
                                0            0.00                      6       1,255,044.20
                         --------        --------                  -----       ------------


                          No. of         Principal                  No. of      Principal
                           Loans          Balance                    Loans       Balance
                           -----          -------                    -----       -------
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      1.279318%       0.771439%
60 Days     60 Days      0.000000%       0.000000%    60 Days      0.000000%       0.000000%
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%                 1.279318%       0.771439%
                         --------        --------                  --------    ------------
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                                 Mixed Arm
----------------------                                                 ---------
<S>                                                              <C>
Weighted Average Gross Coupon                                          3.346861%
Weighted Average Net Coupon                                            2.971385%
Weighted Average Pass-Through Rate                                     2.962385%
Weighted Average Maturity (Stepdown Calculation)                            327

Beginning Scheduled Collateral Loan Count                                 1,485
Number of Loans Paid in Full                                                 11
Ending Scheduled Collateral Loan Count                                    1,474

Beginning Scheduled Collateral Balance                           551,657,957.19
Ending Scheduled Collateral Balance                              547,071,023.39
Ending Actual Collateral Balance at 31-Jan-2003                  547,055,052.70

Monthly P&I Constant                                               1,538,603.34
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                             5,899,455.13

Ending Scheduled Balance for Premium Loans                       547,071,023.39

Scheduled Principal                                                        1.30
Unscheduled Principal                                              4,586,932.50
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                  <C>
Pro Rata Senior Percent                                               96.380169%
Senior Percentage                                                    100.000000%
Senior Prepay Percentage                                             100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
         GROUP                                1                      2                     TOTAL
         -----                                -                      -                     -----
<S>                                     <C>                    <C>                    <C>
Collateral Description                       Mixed ARM            6 Month ARM              Mixed ARM
Weighted Average Coupon Rate                  3.211818               3.658871               3.346861
Weighted Average Net Rate                     2.836136               3.283871               2.971385
Pass-Through Rate                             2.827136               3.274871               2.962385
Weighted Average Maturity                          311                    353                    327
Record Date                                 01/31/2003             01/31/2003             01/31/2003
Principal and Interest Constant           1,030,502.84             508,100.50           1,538,603.34
Beginning Loan Count                             1,006                    479                  1,485
Loans Paid in Full                                   1                     10                     11
Ending Loan Count                                1,005                    469                  1,474
Beginning Scheduled Balance             385,016,213.27         166,641,743.92         551,657,957.19
Ending Scheduled Balance                384,371,301.72         162,699,721.67         547,071,023.39
Scheduled Principal                               1.30                   0.00                   1.30
Unscheduled Principal                       644,910.25           3,942,022.25           4,586,932.50
Scheduled Interest                        1,030,501.54             508,100.50           1,538,602.04
Servicing Fee                               120,536.32              52,075.54             172,611.86
Master Servicing Fee                          2,887.62               1,249.81               4,137.43
Trustee Fee                                       0.00                   0.00                   0.00
FRY Amount                                        0.00                   0.00                   0.00
Special Hazard Fee                                0.00                   0.00                   0.00
Other Fee                                         0.00                   0.00                   0.00
Pool Insurance Fee                                0.00                   0.00                   0.00
Spread 1                                          0.00                   0.00                   0.00
Spread 2                                          0.00                   0.00                   0.00
Spread 3                                          0.00                   0.00                   0.00
Net Interest                                907,077.60             454,775.15           1,361,852.75
Realized Loss Amount                              0.00                   0.00                   0.00
Cumulative Realized Loss                          0.00                   0.00                   0.00
Percentage of Cumulative Losses                   0.00                   0.00                   0.00
Prepayment Penalties                              0.00                   0.00                   0.00
Special Servicing Fee                             0.00                   0.00                   0.00
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<CAPTION>
Group 1
-------
<S>                                                              <C>
One Month LIBOR Loans                                            205,085,975.12
Six Month LIBOR Loans                                            179,285,326.60
</TABLE>