exv10w1



 



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 2002-12

Record Date: October 31, 2003

Distribution Date: November 20, 2003



Certificateholder Distribution Summary












	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Certificate	 	Certificate	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Class	 	Pass-Through	 	Beginning	 	Interest
	Class	 	CUSIP	 	Description	 	Rate	 	Certificate Balance	 	Distribution
	
	 	
	 	
	 	
	 	
	 	

	A
	 	81744BAA4	 	SEN	 	 	1.57000	%	 	 	972,312,246.26	 	 	 	1,272,108.52	 
	X-1
	 	81744BAB2	 	IO	 	 	0.79188	%	 	 	0.00	 	 	 	154,571.43	 
	X-2
	 	81744BAC0	 	IO	 	 	1.08935	%	 	 	0.00	 	 	 	685,285.69	 
	A-R
	 	81744BAD8	 	SEN	 	 	3.16477	%	 	 	0.00	 	 	 	0.00	 
	B-1
	 	81744BAE6	 	SUB	 	 	1.97000	%	 	 	16,815,000.00	 	 	 	27,604.63	 
	B-2
	 	81744BAF3	 	SUB	 	 	2.59571	%	 	 	8,968,000.00	 	 	 	19,398.58	 
	B-3
	 	81744BAG1	 	SUB	 	 	2.59571	%	 	 	6,165,000.00	 	 	 	13,335.44	 
	B-4
	 	SMT0212B4	 	SUB	 	 	2.59571	%	 	 	2,802,000.00	 	 	 	6,060.98	 
	B-5
	 	SMT0212B5	 	SUB	 	 	2.59571	%	 	 	1,681,000.00	 	 	 	3,636.15	 
	B-6
	 	SMT0212B6	 	SUB	 	 	2.59571	%	 	 	4,486,095.46	 	 	 	9,703.82	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 
	Totals
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,013,229,341.72	 	 	 	2,191,705.24	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 




[Additional columns below]

[Continued from above table, first column(s) repeated]


	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Principal	 	Current	 	Ending Certificate	 	Total	 	Cumulative
	Class	 	Distribution	 	Realized Loss	 	Balance	 	Distribution	 	Realized Loss
	
	 	
	 	
	 	
	 	
	 	

	A
	 	 	12,999,501.44	 	 	 	0.00	 	 	 	959,312,744.82	 	 	 	14,271,609.96	 	 	 	0.00	 
	X-1
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	154,571.43	 	 	 	0.00	 
	X-2
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	685,285.69	 	 	 	0.00	 
	A-R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	0.00	 	 	 	0.00	 	 	 	16,815,000.00	 	 	 	27,604.63	 	 	 	0.00	 
	B-2
	 	 	0.00	 	 	 	0.00	 	 	 	8,968,000.00	 	 	 	19,398.58	 	 	 	0.00	 
	B-3
	 	 	0.00	 	 	 	0.00	 	 	 	6,165,000.00	 	 	 	13,335.44	 	 	 	0.00	 
	B-4
	 	 	0.00	 	 	 	0.00	 	 	 	2,802,000.00	 	 	 	6,060.98	 	 	 	0.00	 
	B-5
	 	 	0.00	 	 	 	0.00	 	 	 	1,681,000.00	 	 	 	3,636.15	 	 	 	0.00	 
	B-6
	 	 	0.00	 	 	 	0.00	 	 	 	4,486,095.46	 	 	 	9,703.82	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	12,999,501.44	 	 	 	0.00	 	 	 	1,000,229,840.28	 	 	 	15,191,206.68	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 






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


 






 


Principal Distribution Statement






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Beginning	 	Scheduled	 	Unscheduled	 	 	 	 	 	 	 	 
	 	 	Original Face	 	Certificate	 	Principal	 	Principal	 	 	 	 	 	Realized
	Class	 	Amount	 	Balance	 	Distribution	 	Distribution	 	Accretion	 	Loss (1)
	
	 	
	 	
	 	
	 	
	 	
	 	

	A
	 	 	1,080,076,000.00	 	 	 	972,312,246.26	 	 	 	0.00	 	 	 	12,999,501.44	 	 	 	0.00	 	 	 	0.00	 
	X-1
	 	 	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	 
	A-R
	 	 	100.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	16,815,000.00	 	 	 	16,815,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-2
	 	 	8,968,000.00	 	 	 	8,968,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-3
	 	 	6,165,000.00	 	 	 	6,165,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-4
	 	 	2,802,000.00	 	 	 	2,802,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-5
	 	 	1,681,000.00	 	 	 	1,681,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-6
	 	 	4,486,095.46	 	 	 	4,486,095.46	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	1,120,993,195.46	 	 	 	1,013,229,341.72	 	 	 	0.00	 	 	 	12,999,501.44	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 




[Additional columns below]

[Continued from above table, first column(s) repeated]


	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Total Principal	 	Ending Certificate	 	Ending Certificate	 	Total Principal
	Class	 	Reduction	 	Balance	 	Percentage	 	Distribution
	
	 	
	 	
	 	
	 	

	A
	 	 	12,999,501.44	 	 	 	959,312,744.82	 	 	 	0.88819004	 	 	 	12,999,501.44	 
	X-1
	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	X-2
	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	A-R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	B-1
	 	 	0.00	 	 	 	16,815,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-2
	 	 	0.00	 	 	 	8,968,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-3
	 	 	0.00	 	 	 	6,165,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-4
	 	 	0.00	 	 	 	2,802,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-5
	 	 	0.00	 	 	 	1,681,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-6
	 	 	0.00	 	 	 	4,486,095.46	 	 	 	1.00000000	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	12,999,501.44	 	 	 	1,000,229,840.28	 	 	 	0.89227111	 	 	 	12,999,501.44	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 







	(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






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Beginning	 	Scheduled	 	Unscheduled	 	 	 	 	 	 	 	 
	 	 	Original Face	 	Certificate	 	Principal	 	Principal	 	 	 	 	 	Realized
	Class	 	Amount	 	Balance	 	Distribution	 	Distribution	 	Accretion	 	Loss (3)
	
	 	
	 	
	 	
	 	
	 	
	 	

	A
	 	 	1,080,076,000.00	 	 	 	900.22576769	 	 	 	0.00000000	 	 	 	12.03572845	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-1
	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-2
	 	 	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
	 	 	16,815,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-2
	 	 	8,968,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-3
	 	 	6,165,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-4
	 	 	2,802,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-5
	 	 	1,681,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-6
	 	 	4,486,095.46	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 




[Additional columns below]

[Continued from above table, first column(s) repeated]


	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ending	 	 	 	 	 	 	 	 
	 	 	Total Principal	 	Certificate	 	Ending Certificate	 	Total Principal
	Class	 	Reduction	 	Balance	 	Percentage	 	Distribution
	
	 	
	 	
	 	
	 	

	A
	 	 	12.03572845	 	 	 	888.19003924	 	 	 	0.88819004	 	 	 	12.03572845	 
	X-1
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-2
	 	 	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	 







	(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.



 






 






Interest Distribution Statement






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Payment of	 	 	 	 	 	Non-	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Beginning	 	Current	 	Unpaid	 	Current	 	Supported	 	 	 	 
	 	 	Original Face	 	Current	 	Certificate/	 	Accrued	 	Interest	 	Interest	 	Interest	 	Realized
	Class	 	Amount	 	Certificate Rate	 	Notional Balance	 	Interest	 	Shortfall	 	Shortfall	 	Shortfall	 	Loss (4)
	
	 	
	 	
	 	
	 	
	 	
	 	
	 	
	 	

	A
	 	 	1,080,076,000.00	 	 	 	1.57000	%	 	 	972,312,246.26	 	 	 	1,272,108.52	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	X-1
	 	 	0.00	 	 	 	0.79188	%	 	 	234,235,606.43	 	 	 	154,571.43	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	X-2
	 	 	0.00	 	 	 	1.08935	%	 	 	754,891,639.83	 	 	 	685,285.69	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	A-R
	 	 	100.00	 	 	 	3.16477	%	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	16,815,000.00	 	 	 	1.97000	%	 	 	16,815,000.00	 	 	 	27,604.63	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-2
	 	 	8,968,000.00	 	 	 	2.59571	%	 	 	8,968,000.00	 	 	 	19,398.58	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-3
	 	 	6,165,000.00	 	 	 	2.59571	%	 	 	6,165,000.00	 	 	 	13,335.44	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-4
	 	 	2,802,000.00	 	 	 	2.59571	%	 	 	2,802,000.00	 	 	 	6,060.98	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-5
	 	 	1,681,000.00	 	 	 	2.59571	%	 	 	1,681,000.00	 	 	 	3,636.15	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-6
	 	 	4,486,095.46	 	 	 	2.59571	%	 	 	4,486,095.46	 	 	 	9,703.82	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	
	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	1,120,993,195.46	 	 	 	 	 	 	 	 	 	 	 	2,191,705.24	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	
	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 




[Additional columns below]

[Continued from above table, first column(s) repeated]


	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Remaining	 	Ending
	 	 	 	 	 	 	Unpaid	 	Certificate/
	 	 	Total Interest	 	Interest	 	Notational
	Class	 	Distribution	 	Shortfall	 	Balance
	
	 	
	 	
	 	

	A
	 	 	1,272,108.52	 	 	 	0.00	 	 	 	959,312,744.82	 
	X-1
	 	 	154,571.43	 	 	 	0.00	 	 	 	231,973,810.28	 
	X-2
	 	 	685,285.69	 	 	 	0.00	 	 	 	744,153,934.54	 
	A-R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	27,604.63	 	 	 	0.00	 	 	 	16,815,000.00	 
	B-2
	 	 	19,398.58	 	 	 	0.00	 	 	 	8,968,000.00	 
	B-3
	 	 	13,335.44	 	 	 	0.00	 	 	 	6,165,000.00	 
	B-4
	 	 	6,060.98	 	 	 	0.00	 	 	 	2,802,000.00	 
	B-5
	 	 	3,636.15	 	 	 	0.00	 	 	 	1,681,000.00	 
	B-6
	 	 	9,703.82	 	 	 	0.00	 	 	 	4,486,095.46	 
	 
	 	 	
	 	 	 	
	 	 	 	 	 
	Totals
	 	 	2,191,705.24	 	 	 	0.00	 	 	 	 	 
	 
	 	 	
	 	 	 	
	 	 	 	 	 







	(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






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	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)
	
	 	
	 	
	 	
	 	
	 	
	 	
	 	
	 	

	A
	 	 	1,080,076,000.00	 	 	 	1.57000	%	 	 	900.22576769	 	 	 	1.17779538	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-1
	 	 	0.00	 	 	 	0.79188	%	 	 	938.01424207	 	 	 	0.61899301	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-2
	 	 	0.00	 	 	 	1.08935	%	 	 	891.06756061	 	 	 	0.80890530	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	A-R
	 	 	100.00	 	 	 	3.16477	%	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-1
	 	 	16,815,000.00	 	 	 	1.97000	%	 	 	1000.00000000	 	 	 	1.64166696	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-2
	 	 	8,968,000.00	 	 	 	2.59571	%	 	 	1000.00000000	 	 	 	2.16308876	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-3
	 	 	6,165,000.00	 	 	 	2.59571	%	 	 	1000.00000000	 	 	 	2.16308840	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-4
	 	 	2,802,000.00	 	 	 	2.59571	%	 	 	1000.00000000	 	 	 	2.16309065	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-5
	 	 	1,681,000.00	 	 	 	2.59571	%	 	 	1000.00000000	 	 	 	2.16308745	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-6
	 	 	4,486,095.46	 	 	 	2.59571	%	 	 	1000.00000000	 	 	 	2.16308817	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 




[Additional columns below]

[Continued from above table, first column(s) repeated]


	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Remaining	 	 	 	 
	 	 	 	 	 	 	Unpaid	 	 	 	 
	Class	 	Total Interest	 	Interest	 	Ending Certificate/
	(5)	 	Distribution	 	Shortfall	 	Notational Balance
	
	 	
	 	
	 	

	A
	 	 	1.17779538	 	 	 	0.00000000	 	 	 	888.19003924	 
	X-1
	 	 	0.61899301	 	 	 	0.00000000	 	 	 	928.95670793	 
	X-2
	 	 	0.80890530	 	 	 	0.00000000	 	 	 	878.39286618	 
	A-R
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-1
	 	 	1.64166696	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-2
	 	 	2.16308876	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-3
	 	 	2.16308840	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-4
	 	 	2.16309065	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-5
	 	 	2.16308745	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-6
	 	 	2.16308817	 	 	 	0.00000000	 	 	 	1000.00000000	 







	(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




	 	 	 	 	 	 
	Beginning Balance
	 	 	 	 
	Deposits
	 	 	 	 
	 	Payments of Interest and Principal
	 	 	15,509,726.72	 
	 	Liquidations, Insurance Proceeds, Reserve Funds
	 	 	0.00	 
	 	Proceeds from Repurchased Loans
	 	 	0.00	 
	 	Other Amounts (Servicer Advances)
	 	 	443.01	 
	 	Realized Losses
	 	 	0.00	 
	 	Prepayment Penalties
	 	 	0.00	 
	 	 
	 	 	
	 
	Total Deposits
	 	 	15,510,169.73	 
	Withdrawals
	 	 	 	 
	 	Reimbursement for Servicer Advances
	 	 	0.00	 
	 	Payment of Service Fee
	 	 	318,963.04	 
	 	Payment of Interest and Principal
	 	 	15,191,206.69	 
	 	 
	 	 	
	 
	Total Withdrawals (Pool Distribution Amount)
	 	 	15,510,169.73	 
	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
	 	 	318,963.04	 
	Supported Prepayment/Curtailment Interest Shortfall
	 	 	0.00	 
	 
	 	 	
	 
	Net Servicing Fee
	 	 	318,963.04	 
	 
	 	 	
	 



 






 




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Account Type	 	Beginning Balance	 	Current Withdrawals	 	Current Deposits	 	Ending Balance
	
	 	
	 	
	 	
	 	

	Reserve Fund
	 	 	10,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	10,000.00	 



Loan Status Stratification/Credit Enhancement Statement




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	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
	 	 	1	 	 	 	177,206.76	 	 	30 Days	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 
	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 
	90 Days
	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 
	120 Days
	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 
	150 Days
	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 
	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	1	 	 	 	177,206.76	 	 	 	 	 	 	 	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
	 	 	0.034650	%	 	 	0.017717	%	 	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	%
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0.034650	%	 	 	0.017717	%	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	REO	 	TOTAL
	
	 	

	 	 	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	 	 	1	 	 	 	177,206.76	 
	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 
	90 Days
	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 
	120 Days
	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 
	150 Days
	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 
	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0	 	 	 	0.00	 	 	 	 	 	 	 	1	 	 	 	177,206.76	 




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	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	 	 	0.034650	%	 	 	0.017717	%
	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	%	 	 	 	 	 	 	0.034650	%	 	 	0.017717	%




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Current Period Class A Insufficient Funds:	 	 	
0.00	 	 	Principal Balance of Contaminated Properties
	 	 	0.00	 	 	Periodic Advance
	 	 	443.01	 




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Original $	 	Original %	 	Current $	 	Current %
	 	Bankruptcy
	 	 	218,860.00	 	 	 	0.01952376	%	 	 	218,860.00	 	 	 	0.02188097	%
	 	 	Fraud
	 	 	33,629,796.00	 	 	 	3.00000001	%	 	 	33,629,796.00	 	 	 	3.36220683	%
	Special Hazard
	 	 	11,209,932.00	 	 	 	1.00000000	%	 	 	10,303,554.54	 	 	 	1.03011869	%



Limit of subordinate’s exposure to certain types of losses



 






 



Collateral Statement




	 	 	 	 	 
	Collateral Description	 	Mixed ARM
	Weighted Average Gross Coupon
	 	 	2.973465	%
	Weighted Average Net Coupon
	 	 	2.595707	%
	Weighted Average Pass-Through Rate
	 	 	2.595707	%
	Weighted Average Maturity (Stepdown Calculation)
	 	 	315	 
	Beginning Scheduled Collateral Loan Count
	 	 	2,920	 
	Number of Loans Paid in Full
	 	 	34	 
	Ending Scheduled Collateral Loan Count
	 	 	2,886	 
	Beginning Scheduled Collateral Balance
	 	 	1,013,229,341.72	 
	Ending Scheduled Collateral Balance
	 	 	1,000,229,840.28	 
	Ending Actual Collateral Balance at 31-Oct-2003
	 	 	1,000,235,142.23	 
	Monthly P&I Constant
	 	 	2,510,668.28	 
	Special Servicing Fee
	 	 	0.00	 
	Prepayment Penalties
	 	 	0.00	 
	Realization Loss Amount
	 	 	0.00	 
	Cumulative Realized Loss
	 	 	0.00	 
	Ending Scheduled Balance for Premium Loans
	 	 	1,000,229,840.28	 
	Scheduled Principal
	 	 	0.00	 
	Unscheduled Principal
	 	 	12,999,501.44	 



Miscellaneous Reporting




	 	 	 	 	 
	Principal Balance of 1-Month Libor Loans
	 	 	237,701,600.47	 
	Principal Balance of 6-Month Libor Loans
	 	 	762,528,239.81	 
	Pro Rata Senior Percentage
	 	 	95.961714	%
	Senior Percentage
	 	 	100.000000	%
	Senior Prepayment Percentage
	 	 	100.000000	%
	Subordinate Percentage
	 	 	0.000000	%
	Subordinate Prepayment Percentage
	 	 	0.000000	%
	Payment Received from Cap Provide
	 	 	0