<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 2003-7
                         RECORD DATE: DECEMBER 31, 2003
                       DISTRIBUTION DATE: JANUARY 20, 2004

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                    Certificate                        Beginning
                       Class     Certificate Pass-    Certificate     Interest     Principal       Current     Ending Certificate
 Class     CUSIP    Description     Through Rate        Balance     Distribution  Distribution  Realized Loss        Balance
---------------------------------------------------------------------------------------------------------------------------------
<S>      <C>        <C>          <C>                <C>             <C>           <C>           <C>            <C>
    A-1  81743PDK9      SEN           1.46875%      288,307,020.04    352,875.78  2,267,511.63       0.00        286,039,508.41
    A-2  81743PDL7      SEN           1.57375%      502,552,599.24    659,076.79  4,433,449.07       0.00        498,119,150.17
    X-1  81743PDM5      IO            0.80000%                0.00    513,045.91          0.00       0.00                  0.00
    X-2  81743PDN3      IO            0.37999%                0.00    250,430.77          0.00       0.00                  0.00
    A-R  81743PDQ6      RES           2.63052%                0.00          0.00          0.00       0.00                  0.00
    B-1  81743PDR4      SUB           1.69875%       16,607,000.00     23,509.28          0.00       0.00         16,607,000.00
    B-2  81743PDS2      SUB           2.69391%        6,642,000.00     14,910.80          0.00       0.00          6,642,000.00
    B-3  81743PDT0      SUB           2.69391%        4,982,000.00     11,184.22          0.00       0.00          4,982,000.00
    B-4  SMT0307B4      SUB           2.69391%        2,490,000.00      5,589.87          0.00       0.00          2,490,000.00
    B-5  SMT0307B5      SUB           2.69391%        1,660,000.00      3,726.58          0.00       0.00          1,660,000.00
    B-6  SMT0307B6      SUB           2.69391%        2,910,544.86      6,533.96          0.00       0.00          2,910,544.86
    X-B  81743PDP8      IO            0.99516%                0.00     13,772.20          0.00       0.00                  0.00
-------------------------------------------------------------------------------------------------------------------------------
Totals                                              826,151,164.14  1,854,656.16  6,700,960.70       0.00        819,450,203.44
</TABLE>

<TABLE>
<CAPTION>
                        Total             Cumulative
 Class     CUSIP    Distribution        Realized Loss
-----------------------------------------------------
<S>      <C>        <C>                 <C>
    A-1  81743PDK9  2,620,387.41            0.00
    A-2  81743PDL7  5,092,525.86            0.00
    X-1  81743PDM5    513,045.91            0.00
    X-2  81743PDN3    250,430.77            0.00
    A-R  81743PDQ6          0.00            0.00
    B-1  81743PDR4     23,509.28            0.00
    B-2  81743PDS2     14,910.80            0.00
    B-3  81743PDT0     11,184.22            0.00
    B-4  SMT0307B4      5,589.87            0.00
    B-5  SMT0307B5      3,726.58            0.00
    B-6  SMT0307B6      6,533.96            0.00
    X-B  81743PDP8     13,772.20            0.00
------------------------------------------------
Totals              8,555,616.86            0.00
</TABLE>

All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.

<PAGE>

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                           Beginning     Scheduled     Unscheduled
         Original Face    Certificate    Principal      Principal              Realized  Total Principal  Ending Certificate
 Class      Amount          Balance     Distribution  Distribution  Accretion  Loss (1)     Reduction          Balance
----------------------------------------------------------------------------------------------------------------------------
<S>     <C>             <C>             <C>           <C>           <C>        <C>       <C>              <C>
   A-1  290,000,000.00  288,307,020.04      0.00      2,267,511.63     0.00      0.00      2,267,511.63     286,039,508.41
   A-2  505,100,000.00  502,552,599.24      0.00      4,433,449.07     0.00      0.00      4,433,449.07     498,119,150.17
   X-1            0.00            0.00      0.00              0.00     0.00      0.00              0.00               0.00
   X-2            0.00            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               0.00
   B-1   16,607,000.00   16,607,000.00      0.00              0.00     0.00      0.00              0.00      16,607,000.00
   B-2    6,642,000.00    6,642,000.00      0.00              0.00     0.00      0.00              0.00       6,642,000.00
   B-3    4,982,000.00    4,982,000.00      0.00              0.00     0.00      0.00              0.00       4,982,000.00
   B-4    2,490,000.00    2,490,000.00      0.00              0.00     0.00      0.00              0.00       2,490,000.00
   B-5    1,660,000.00    1,660,000.00      0.00              0.00     0.00      0.00              0.00       1,660,000.00
   B-6    2,910,544.86    2,910,544.86      0.00              0.00     0.00      0.00              0.00       2,910,544.86
   X-B            0.00            0.00      0.00              0.00     0.00      0.00              0.00               0.00
--------------------------------------------------------------------------------------------------------------------------
Totals  830,391,644.86  826,151,164.14      0.00      6,700,960.70     0.00      0.00      6,700,960.70     819,450,203.44
</TABLE>

<TABLE>
<CAPTION>
         Ending Certificate       Total Principal
 Class      Percentage            Distribution
------------------------------------------------
<S>      <C>                      <C>
   A-1      0.98634313             2,267,511.63
   A-2      0.98617927             4,433,449.07
   X-1      0.00000000                     0.00
   X-2      0.00000000                     0.00
   A-R      0.00000000                     0.00
   B-1      1.00000000                     0.00
   B-2      1.00000000                     0.00
   B-3      1.00000000                     0.00
   B-4      1.00000000                     0.00
   B-5      1.00000000                     0.00
   B-6      1.00000000                     0.00
   X-B      0.00000000                     0.00
-----------------------------------------------
Totals      0.98682376             6,700,960.70
</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.

<PAGE>

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                          Beginning       Scheduled    Unscheduled
        Original Face    Certificate      Principal     Principal                Realized    Total Principal     Ending Certificate
Class      Amount          Balance      Distribution  Distribution  Accretion    Loss (3)       Reduction             Balance
-----------------------------------------------------------------------------------------------------------------------------------
<S>     <C>             <C>             <C>           <C>           <C>         <C>          <C>                 <C>
 A-1    290,000,000.00   994.16213807    0.00000000    7.81900562   0.00000000  0.00000000     7.81900562            986.34313245
 A-2    505,100,000.00   994.95664074    0.00000000    8.77736898   0.00000000  0.00000000     8.77736898            986.17927177
 X-1              0.00     0.00000000    0.00000000    0.00000000   0.00000000  0.00000000     0.00000000              0.00000000
 X-2              0.00     0.00000000    0.00000000    0.00000000   0.00000000  0.00000000     0.00000000              0.00000000
 A-R            100.00     0.00000000    0.00000000    0.00000000   0.00000000  0.00000000     0.00000000              0.00000000
 B-1     16,607,000.00     0.00000000    0.00000000    0.00000000   0.00000000  0.00000000     0.00000000           1000.00000000
 B-2      6,642,000.00  1000.00000000    0.00000000    0.00000000   0.00000000  0.00000000     0.00000000           1000.00000000
 B-3      4,982,000.00  1000.00000000    0.00000000    0.00000000   0.00000000  0.00000000     0.00000000           1000.00000000
 B-4      2,490,000.00  1000.00000000    0.00000000    0.00000000   0.00000000  0.00000000     0.00000000           1000.00000000
 B-5      1,660,000.00  1000.00000000    0.00000000    0.00000000   0.00000000  0.00000000     0.00000000           1000.00000000
 B-6      2,910,544.86  1000.00000000    0.00000000    0.00000000   0.00000000  0.00000000     0.00000000           1000.00000000
 X-B              0.00     0.00000000    0.00000000    0.00000000   0.00000000  0.00000000     0.00000000              0.00000000
</TABLE>

<TABLE>
<CAPTION>
        Ending Certificate       Total Principal
Class       Percentage            Distribution
------------------------------------------------
<S>     <C>                      <C>
 A-1        0.98634313              7.81900562
 A-2        0.98617927              8.77736898
 X-1        0.00000000              0.00000000
 X-2        0.00000000              0.00000000
 A-R        0.00000000              0.00000000
 B-1        1.00000000              0.00000000
 B-2        1.00000000              0.00000000
 B-3        1.00000000              0.00000000
 B-4        1.00000000              0.00000000
 B-5        1.00000000              0.00000000
 B-6        1.00000000              0.00000000
 X-B        0.00000000              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   Total Interest
Class       Amount      Certificate Rate       Balance       Interest    Shortfall   Shortfall  Shortfall  Loss (4)    Distribution
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>             <C>                <C>             <C>           <C>         <C>        <C>        <C>       <C>
 A-1    290,000,000.00        1.46875%     288,307,020.04    352,875.78     0.00       0.00       0.00       0.00      352,875.78
 A-2    505,100,000.00        1.57375%     502,552,599.24    659,076.79     0.00       0.00       0.00       0.00      659,076.79
 X-1              0.00        0.80000%     769,568,863.95    513,045.91     0.00       0.00       0.00       0.00      513,045.91
 X-2              0.00        0.37999%     790,859,618.28    250,430.77     0.00       0.00       0.00       0.00      250,430.77
 A-R            100.00        2.63052%               0.00          0.00     0.00       0.00       0.00       0.00            0.00
 B-1     16,607,000.00        1.69875%      16,607,000.00     23,509.28     0.00       0.00       0.00       0.00       23,509.28
 B-2      6,642,000.00        2.69391%       6,642,000.00     14,910.80     0.00       0.00       0.00       0.00       14,910.80
 B-3      4,982,000.00        2.69391%       4,982,000.00     11,184.22     0.00       0.00       0.00       0.00       11,184.22
 B-4      2,490,000.00        2.69391%       2,490,000.00      5,589.87     0.00       0.00       0.00       0.00        5,589.87
 B-5      1,660,000.00        2.69391%       1,660,000.00      3,726.58     0.00       0.00       0.00       0.00        3,726.58
 B-6      2,910,544.86        2.69391%       2,910,544.86      6,533.96     0.00       0.00       0.00       0.00        6,533.96
 X-B              0.00        0.99516%      16,607,000.00     13,772.20     0.00       0.00       0.00       0.00       13,772.20
---------------------------------------------------------------------------------------------------------------------------------
Totals  830,391,644.86                                     1,854,656.16     0.00       0.00       0.00       0.00    1,854,656.16
</TABLE>

<TABLE>
<CAPTION>
        Remaining         Ending
         Unpaid        Certificate/
        Interest        Notational
Class   Shortfall        Balance
------------------------------------
<S>     <C>           <C>
 A-1       0.00       286,039,508.41
 A-2       0.00       498,119,150.17
 X-1       0.00       741,187,985.51
 X-2       0.00       784,158,658.58
 A-R       0.00                 0.00
 B-1       0.00        16,607,000.00
 B-2       0.00         6,642,000.00
 B-3       0.00         4,982,000.00
 B-4       0.00         2,490,000.00
 B-5       0.00         1,660,000.00
 B-6       0.00         2,910,544.86
 X-B       0.00        16,607,000.00
------------------------------------
Totals     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
           Original Face   Certificate    Certificate/    Current Accrued   Interest     Interest   Interest    Realized
Class (5)      Amount          Rate     Notional Balance     Interest       Shortfall   Shortfall   Shortfall   Loss (6)
-------------------------------------------------------------------------------------------------------------------------
<S>        <C>             <C>          <C>               <C>              <C>         <C>         <C>         <C>
   A-1     290,000,000.00    1.46875%     994.16213807       1.21681303    0.00000000  0.00000000  0.00000000  0.00000000
   A-2     505,100,000.00    1.57375%     994.95664074       1.30484417    0.00000000  0.00000000  0.00000000  0.00000000
   X-1               0.00    0.80000%     967.88940253       0.64525960    0.00000000  0.00000000  0.00000000  0.00000000
   X-2               0.00    0.37999%     994.66685861       0.31496764    0.00000000  0.00000000  0.00000000  0.00000000
   A-R             100.00    2.63052%       0.00000000       0.00000000    0.00000000  0.00000000  0.00000000  0.00000000
   B-1      16,607,000.00    1.69875%    1000.00000000       1.41562474    0.00000000  0.00000000  0.00000000  0.00000000
   B-2       6,642,000.00    2.69391%    1000.00000000       2.24492623    0.00000000  0.00000000  0.00000000  0.00000000
   B-3       4,982,000.00    2.69391%    1000.00000000       2.24492573    0.00000000  0.00000000  0.00000000  0.00000000
   B-4       2,490,000.00    2.69391%    1000.00000000       2.24492771    0.00000000  0.00000000  0.00000000  0.00000000
   B-5       1,660,000.00    2.69391%    1000.00000000       2.24492771    0.00000000  0.00000000  0.00000000  0.00000000
   B-6       2,910,544.86    2.69391%    1000.00000000       2.24492675    0.00000000  0.00000000  0.00000000  0.00000000
   X-B               0.00    0.99516%    1000.00000000       0.82930090    0.00000000  0.00000000  0.00000000  0.00000000
</TABLE>

<TABLE>
<CAPTION>
                               Remaining
                                 Unpaid
           Total Interest       Interest       Ending Certificate/
Class (5)   Distribution       Shortfall       Notational Balance
------------------------------------------------------------------
<S>        <C>                <C>              <C>
   A-1       1.21681303       0.00000000           986.34313245
   A-2       1.30484417       0.00000000           986.17927177
   X-1       0.64525960       0.00000000           932.19467427
   X-2       0.31496764       0.00000000           986.23903733
   A-R       0.00000000       0.00000000             0.00000000
   B-1       1.41562474       0.00000000          1000.00000000
   B-2       2.24492623       0.00000000          1000.00000000
   B-3       2.24492573       0.00000000          1000.00000000
   B-4       2.24492771       0.00000000          1000.00000000
   B-5       2.24492771       0.00000000          1000.00000000
   B-6       2.24492675       0.00000000          1000.00000000
   X-B       0.82930090       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                                              8,805,746.38
           Liquidations, Insurance Proceeds, Reserve Funds                                         0.00
           Proceeds from Repurchased Loans                                                         0.00
           Other Amounts (Servicer Advances)                                                  24,606.08
           Realized Losses (Gains, Subsequent Expenses & Recoveries)                               0.00
           Prepayment Penalties                                                                    0.00
                                                                                           ------------
Total Deposits                                                                             8,830,352.46

Withdrawals
           Reimbursement for Servicer Advances                                                12,089.02
           Payment of Service Fee                                                            262,646.58
           Payment of Interest and Principal                                               8,555,616.86
                                                                                           ------------
Total Withdrawals (Pool Distribution Amount)                                               8,830,352.46

Ending Balance                                                                                     0.00
                                                                                           ============
</TABLE>

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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

Non-Supported Prepayment Curtailment Interest Shortfall                       0.00
                                                                              ====
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                                       <C>
Gross Servicing Fee                                                       258,171.61
Master Servicing Fee                                                        4,474.97
Supported Prepayment/Curtailment Interest Shortfall                             0.00
                                                                          ----------

Net Servicing Fee                                                         262,646.58
                                                                          ==========
</TABLE>

<PAGE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                                         Beginning        Current        Current         Ending
        Account Type                      Balance       Withdrawals     Deposits         Balance
------------------------------------------------------------------------------------------------
<S>                                      <C>            <C>             <C>             <C>
Pool 1 Companion Reserve Fund             4,000.00          0.00          0.00          4,000.00
Pool 1 NAS Reserve Fund                   1,000.00          0.00          0.00          1,000.00
Pool 2 Companion Reserve Fund               500.00          0.00          0.00            500.00
Pool 2 NAS Reserve Fund                   2,000.00          0.00          0.00          2,000.00
Class X-B Reserve Fund                    2,500.00          0.00          0.00          2,500.00
</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              24         10,048,614.00  30 Days         0         0.00     30 Days         0          0.00
60 Days               2            522,000.00  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
                  ---------------------------              ------------------                 -------------------
                      26        10,570,614.00                  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           0.986031%       1.226261%    30 Days     0.000000%  0.000000%   30 Days     0.000000%   0.000000%
60 Days           0.082169%       0.063701%    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%
                  ------------------------                 -------------------                --------    --------
                  1.068200%       1.289962%                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            24          10,048,614.00
60 Days            0            0.00      60 Days             2             522,000.00
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                         26          10,570,614.00

                 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         0.986031%        1.226261%
60 Days        0.000000%     0.000000%    60 Days         0.082169%        0.063701%
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%                    1.068200%        1.289962%
</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  24,606.08
</TABLE>

<PAGE>

     SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT
                                   PERCENTAGE

<TABLE>
<CAPTION>
                    Original $     Original%     Current $       Current %     Current Class %  Prepayment %
                  -------------   -----------  -------------    -----------    ---------------  ------------
<S>               <C>             <C>          <C>              <C>            <C>              <C>
Class A           35,291,544.86   4.24998795%  35,291,544.86    4.30673453%      95.693265%       0.000000%
Class X-1         35,291,544.86   4.24998795%  35,291,544.86    4.30673453%       0.000000%       0.000000%
Class X-2         35,291,544.86   4.24998795%  35,291,544.86    4.30673453%       0.000000%       0.000000%
Class B-1         18,684,544.86   2.25008825%  18,684,544.86    2.28013182%       2.026603%      47.056597%
Class B-2         12,042,544.86   1.45022471%  12,042,544.86    1.46958837%       0.810543%      18.820372%
Class B-3          7,060,544.86   0.85026685%   7,060,644.86    0.86161976%       0.607969%      14.116696%
Class B-4          4,750,544.86   0.55040834%   4,570,544.86    0.55775749%       0.303862%       7.055514%
Class B-5          2,910,544.86   0.35050267%   2,910,544.86    0.35518264%       0.202575%       4.703676%
Class B-6                  0.00   0.00000000%           0.00    0.00000000%       0.355183%       8.247145%
</TABLE>

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

                         DELINQUENCY STATUS BY GROUP

<TABLE>
<CAPTION>
                 DELINQUENT                                   BANKRUPTCY                                 FORECLOSURE
-------------------------------------------    ----------------------------------------   ----------------------------------------
GROUP ONE - A
                 No. of           Principal                       No. of      Principal                     No. of       Principal
                 Loans             Balance                        Loans        Balance                      Loans         Balance
<S>            <C>              <C>             <C>             <C>           <C>          <C>            <C>            <C>
0-29 Days          0                    0.00    0-29 Days           0            0.00      0-29 Days          0             0.00
30 Days            3            1,725,450.00    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
               -----------------------------                    ---------------------                     ----------------------
                   3            1,725,450.00                        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        1.239669%          1.861033%     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%
               ---------------------------                      ----------------------                    -----------------------
               1.239669%          1.861033%                     0.000000%     0.000000%                   0.000000%      0.000000%
</TABLE>

<TABLE>
<CAPTION>
                  REO                                        TOTAL
--------------------------------------    ----------------------------------------
                 No. of      Principal                    No. of        Principal
GROUP ONE - A    Loans        Balance                     Loans          Balance
<S>            <C>           <C>          <C>            <C>          <C>
0-29 Days          0           0.00       0-29 Days         0                 0.00
30 Days            0           0.00       30 Days           3         1,725,450.00
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                         3         1,725,450.00

                 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        1.239669%       1.861033%
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%                   1.239669%       1.861033%
</TABLE>