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 2003-2

Record Date: October 31, 2003

Distribution Date: November 20, 2003



Certificateholder Distribution Summary






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

	 	A-1
	 	81743PAP1	 	SEN	 	 	1.45000	%	 	 	470,625,022.07	 	 	 	568,671.90	 
	 	A-2
	 	81743PAQ9	 	SEN	 	 	1.54625	%	 	 	280,625,075.93	 	 	 	361,597.10	 
	 	M-1
	 	81743PAR7	 	SUB	 	 	1.77000	%	 	 	11,480,000.00	 	 	 	16,933.10	 
	 	M-2
	 	81743PAS5	 	SUB	 	 	2.55000	%	 	 	4,920,000.00	 	 	 	10,455.00	 
	 	X
	 	SMT03002X	 	IO	 	 	0.00000	%	 	 	0.00	 	 	 	719,081.31	 
	 	R
	 	SMT03002R	 	SUB	 	 	0.00000	%	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	 	 
	Totals
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	767,650,098.00	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	 	 




[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-1
	 	 	5,724,256.45	 	 	 	0.00	 	 	 	464,900,765.62	 	 	 	6,292,928.35	 	 	 	0.00	 
	 	A-2
	 	 	3,836,043.63	 	 	 	0.00	 	 	 	276,789,032.30	 	 	 	4,197,640.73	 	 	 	0.00	 
	 	M-1
	 	 	0.00	 	 	 	0.00	 	 	 	11,480,000.00	 	 	 	16,933.00	 	 	 	0.00	 
	 	M-2
	 	 	0.00	 	 	 	0.00	 	 	 	4,920,000.00	 	 	 	10,455.00	 	 	 	0.00	 
	 	X
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	719,083.31	 	 	 	0.00	 
	 	R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	9,560,300.08	 	 	 	0.00	 	 	 	758,089,797.92	 	 	 	11,237,040.39	 	 	 	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
	 	 	500,000,000.00	 	 	 	470,625,022.07	 	 	 	0.00	 	 	 	5,724,256.45	 	 	 	0.00	 	 	 	0.00	 
	 	A-2
	 	 	303,600,000.00	 	 	 	280,625,075.93	 	 	 	0.00	 	 	 	3,836,043.63	 	 	 	0.00	 	 	 	0.00	 
	 	M-1
	 	 	11,480,000.00	 	 	 	11,480,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	M-2
	 	 	4,920,000.00	 	 	 	4,920,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	X
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	820,000,000.00	 	 	 	767,650,098.00	 	 	 	0.00	 	 	 	9,560,300.08	 	 	 	0.00	 	 	 	0.00	 
	 	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 




[Additional columns below]

#091;Continued from above table, first column(s) repeated]


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

	 	A-1
	 	 	5,724,256.45	 	 	 	464,900,765.62	 	 	 	0.92980153	 	 	 	5,724,256.45	 
	 	A-2
	 	 	3,836,043.63	 	 	 	276,789,032.30	 	 	 	0.91168983	 	 	 	3,836,043.63	 
	 	M-1
	 	 	0.00	 	 	 	11,480,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	 	M-2
	 	 	0.00	 	 	 	4,920,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	 	X
	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	 	R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	 	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	9,560,300.08	 	 	 	758,089,797.92	 	 	 	0.92449975	 	 	 	9,560,300.08	 
	 	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 






(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
	 	 	500,000,000.00	 	 	 	941.25004414	 	 	 	0.00000000	 	 	 	11.44851290	 	 	 	0.00000000	 	 	 	0.00000000	 
	A-2
	 	 	303,600,000.00	 	 	 	924.32501953	 	 	 	0.00000000	 	 	 	12.63518982	 	 	 	0.00000000	 	 	 	0.00000000	 
	M-1
	 	 	11,480,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	M-2
	 	 	4,920,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X
	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	R
	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 




[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-1
	 	 	11.44851290	 	 	 	929.80153124	 	 	 	0.92980153	 	 	 	11.44851290	 
	A-2
	 	 	12.63518982	 	 	 	911.68982971	 	 	 	0.91168983	 	 	 	12.63518982	 
	M-1
	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	M-2
	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	X
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	R
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	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






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	Beginning	 	 	 	 	 	Payment of
	 	 	 	 	 	 	 	 	 	 	 	Certificate/	 	Current	 	Unpaid
	 	 	 	Original Face	 	Current	 	Notional	 	Accrued	 	Interest
	Class	 	Amount	 	Certificate Rate	 	Balance	 	Interest	 	Shortfall
	
	 	
	 	
	 	
	 	
	 	

	 	A-1
	 	 	500,000,000.00	 	 	 	1.45000	%	 	 	470,625,022.70	 	 	 	568,671.90	 	 	 	0.00	 
	 	A-2
	 	 	303,600,000.00	 	 	 	1.54625	%	 	 	280,625,075.93	 	 	 	361,597.10	 	 	 	0.00	 
	 	M-1
	 	 	11,480,000.00	 	 	 	1.77000	%	 	 	11,480,000.00	 	 	 	16,933.00	 	 	 	0.00	 
	 	M-2
	 	 	4,920,000.00	 	 	 	2.55000	%	 	 	4,920,000.00	 	 	 	10,455.00	 	 	 	0.00	 
	 	X
	 	 	0.00	 	 	 	0.00000	%	 	 	767,650,098.00	 	 	 	0.00	 	 	 	0.00	 
	 	R
	 	 	0.00	 	 	 	0.00000	%	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	
	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 
	Totals
	 	 	820,000,000.00	 	 	 	 	 	 	 	 	 	 	 	956,657.00	 	 	 	0.00	 
	 
	 	 	
	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 




[Additional columns below]

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


	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Non-	 	 	 	 	 	 	 	 	 	Remaining	 	Ending
	 	 	 	Current	 	Supported	 	 	 	 	 	 	 	 	 	Unpaid	 	Certificate/
	 	 	 	Interest	 	Interest	 	Realized	 	Total Interest	 	Interest	 	Notational
	Class	 	Shortfall	 	Shortfall	 	Loss (4)	 	Distribution	 	Shortfall	 	Balance
	
	 	
	 	
	 	
	 	
	 	
	 	

	 	A-1
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	568,671.90	 	 	 	0.00	 	 	 	464,900,765.62	 
	 	A-2
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	361,597.10	 	 	 	0.00	 	 	 	276,789,032.30	 
	 	M-1
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	16,933.00	 	 	 	0.00	 	 	 	11,480,000.00	 
	 	M-2
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	10,455.00	 	 	 	0.00	 	 	 	4,920,000.00	 
	 	X
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	719,083.31	 	 	 	0.00	 	 	 	758,089,797.92	 
	 	R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	 	 
	Totals
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	1,676,740.31	 	 	 	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
	 	 	 	 	 	 	Current	 	Beginning	 	 	 	 	 	Unpaid
	Class	 	Original Face	 	Certificate	 	Certificate/	 	Current Accrued	 	Interest
	(5)	 	Amount	 	Rate	 	Notional Balance	 	Interest	 	Shortfall
	
	 	
	 	
	 	
	 	
	 	

	A-1
	 	 	500,000,000.00	 	 	 	1.45000	%	 	 	941.25004414	 	 	 	1.13734380	 	 	 	0.00000000	 
	A-2
	 	 	303,600,000.00	 	 	 	1.54625	%	 	 	924.32501953	 	 	 	1.19103129	 	 	 	0.00000000	 
	M-1
	 	 	11,480,000.00	 	 	 	1.77000	%	 	 	1000.00000000	 	 	 	1.47500000	 	 	 	0.00000000	 
	M-2
	 	 	4,920,000.00	 	 	 	2.55000	%	 	 	1000.00000000	 	 	 	2.12500000	 	 	 	0.00000000	 
	X
	 	 	0.00	 	 	 	0.00000	%	 	 	936.15865610	 	 	 	0.00000000	 	 	 	0.00000000	 
	R
	 	 	0.00	 	 	 	0.00000	%	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 




[Additional columns below]

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


	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Non-	 	 	 	 	 	 	 	 	 	Remaining	 	 
	 	 	Current	 	Supported	 	 	 	 	 	 	 	 	 	Unpaid	 	 
	Class	 	Interest	 	Interest	 	Realized	 	Total Interest	 	Interest	 	Ending Certificate/
	(5)	 	Shortfall	 	Shortfall	 	Loss (6)	 	Distribution	 	Shortfall	 	Notational Balance
	
	 	
	 	
	 	
	 	
	 	
	 	

	A-1
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1.13734380	 	 	 	0.00000000	 	 	 	929.80153124	 
	A-2
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1.19103129	 	 	 	0.00000000	 	 	 	911.68982971	 
	M-1
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1.47500000	 	 	 	0.00000000	 	 	 	1000.00000000	 
	M-2
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.12500000	 	 	 	0.00000000	 	 	 	1000.00000000	 
	X
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.87693087	 	 	 	0.00000000	 	 	 	924.49975356	 
	R
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 






(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
	 	 	0.00	 
	Deposits
	 	 	 	 
	 	Payments of Interest and Principal
	 	 	11,481,508.41	 
	 	Liquidations, Insurance Proceeds, Reserve Funds
	 	 	0.00	 
	 	Proceeds from Repurchased Loans
	 	 	0.00	 
	 	Other Amounts (Servicer Advances)
	 	 	7,819.78	 
	 	Realized Losses
	 	 	0.00	 
	 	Prepayment Penalties
	 	 	0.00	 
	 
	 	 	
	 
	Total Deposits
	 	 	11,489,328.19	 
	Withdrawals
	 	 	 	 
	 	Reimbursement for Servicer Advances
	 	 	5,934.62	 
	 	Payment of Service Fee
	 	 	246,353.17	 
	 	Payment of Interest and Principal
	 	 	11,237,040.40	 
	 
	 	 	
	 
	Total Withdrawals (Pool Distribution Amount)
	 	 	11,489,328.19	 
	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
	 	 	241,863.25	 
	Master Servicing Fee
	 	 	4,489.92	 
	Supported Prepayment/Curtailment Interest Shortfall
	 	 	0.00	 
	 
	 	 	
	 
	Net Servicing Fee
	 	 	246,353.17	 
	 
	 	 	
	 



 






 




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Beginning	 	Current	 	Current	 	Ending
	Account Type	 	Balance	 	Withdrawals	 	Deposits	 	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
	 	 	5	 	 	 	1,581,813.36	 	 	30 Days	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 
	60 Days
	 	 	2	 	 	 	1,699,399.99	 	 	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	 
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	7	 	 	 	3,281,213.35	 	 	 	 	 	 	 	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
	 	 	0.236855	%	 	 	0.208095	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%
	60 Days
	 	 	0.094742	%	 	 	0.223564	%	 	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	%
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0.331596	%	 	 	0.431659	%	 	 	 	 	 	 	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	 	 	5	 	 	 	1,581,813.36	 
	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	2	 	 	 	1,699,399.99	 
	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	 	 	 	 	 	 	 	7	 	 	 	3,281,213.35	 




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	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	 	 	0.236855	%	 	 	0.208095	%
	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.094742	%	 	 	0.223564	%
	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	%	 	 	 	 	 	 	0.331596	%	 	 	0.431659	%




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Current Period Class A Insufficient Funds:
	 	 	0.00	 	 	Principal Balance of Contaminated Properties	 	 	0.00	 	 	Periodic Advance 7,819.78









 



Delinquency Status By Group



Group 1




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	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
	 	 	3	 	 	 	652,113.36	 	 	30 Days	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 
	60 Days
	 	 	1	 	 	 	199,400.00	 	 	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	 
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	4	 	 	 	851,513.36	 	 	 	 	 	 	 	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
	 	 	0.235479	%	 	 	0.136952	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%
	60 Days
	 	 	0.078493	%	 	 	0.041876	%	 	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	%
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0.313972	%	 	 	0.178828	%	 	 	 	 	 	 	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	 	 	3	 	 	 	652,113.36	 
	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	1	 	 	 	199,400.00	 
	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	 	 	 	 	 	 	 	4	 	 	 	851,513.36	 




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	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	 	 	0.235479	%	 	 	0.136952	%
	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.078493	%	 	 	0.041876	%
	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	%	 	 	 	 	 	 	0.313972	%	 	 	0.178828	%



Group 2




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT	 	BANKRUPTCY	 	FORECLOSURE
	
	 	
	 	

	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal
	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance
	0-29 Days
	 	 	0	 	 	 	0.00	 	 	0-29 Days	 	 	0	 	 	 	0.00	 	 	0-29 Days	 	 	0	 	 	 	0.00	 
	30 Days
	 	 	2	 	 	 	929,700.00	 	 	30 Days	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 
	60 Days
	 	 	1	 	 	 	1,499,999.99	 	 	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	 	 	 	2,429,699.99	 	 	 	 	 	 	 	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
	 	 	0.238949	%	 	 	0.327385	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%
	60 Days
	 	 	0.119474	%	 	 	0.528211	%	 	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	%
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0.358423	%	 	 	0.855597	%	 	 	 	 	 	 	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	 	 	2	 	 	 	929,700.00	 
	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	1	 	 	 	1,499,999.99	 
	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	 	 	 	2,429,699.99	 




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	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	 	 	0.238949	%	 	 	0.327385	%
	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.119474	%	 	 	0.528211	%
	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	%	 	 	 	 	 	 	0.358423	%	 	 	0.855597	%



 






 



Collateral Statement




	 	 	 	 	 
	Collateral Description	 	Mixed Arm
	Weighted Average Gross Coupon
	 	 	2.998197	%
	Weighted Average Net Coupon
	 	 	2.621120	%
	Weighted Average Pass-Through Rate
	 	 	2.614120	%
	Weighted Average Maturity (Stepdown Calculation)
	 	 	326	 
	Beginning Scheduled Collateral Loan Count
	 	 	2,134	 
	Number of Loans Paid in Full
	 	 	23	 
	Ending Scheduled Collateral Loan Count
	 	 	2,111	 
	Beginning Scheduled Collateral Balance
	 	 	769,700,098.00	 
	Ending Scheduled Collateral Balance
	 	 	760,139,797.92	 
	Ending Actual Collateral Balance at 31-Oct-2003
	 	 	760,139,712.70	 
	Monthly P&I Constant
	 	 	1,923,093.50	 
	Special Servicing Fee
	 	 	0.00	 
	Prepayment Penalties
	 	 	0.00	 
	Realized Loss Amount
	 	 	0.00	 
	Cumulative Realized Loss
	 	 	0.00	 
	Ending Scheduled Balance for Premium Loans
	 	 	760,139,797.92	 
	Scheduled Principal
	 	 	0.00	 
	Unscheduled Principal
	 	 	9,560,300.08	 
	Required Overcollateralized Amount
	 	 	0.00	 
	Overcollateralized Increase Amount
	 	 	0.00	 
	Overcollateralized Reduction Amount
	 	 	0.00	 
	Specified O/C Amount
	 	 	2,050,000.00	 
	Overcollateralized Amount
	 	 	2,050,000.00	 
	Overcollateralized Deficiency Amount
	 	 	0.00	 
	Base Overcollateralization Amount
	 	 	0.00	 
	Extra Principal Distribution Amount
	 	 	0.00	 
	Excess Cash Amount
	 	 	719,083.31	 



 






 



Miscellaneous Reporting




	 	 	 	 	 
	M-1 Target Amount
	 	 	747,217,421.36	 
	M-2 Target Amount
	 	 	756,339,098.93	 
	Senior Target Amount
	 	 	725,933,507.01	 
	Group 1 – One-Month LIBOR Loans
	 	 	139,614,431.81	 
	Group 1 – Six-Month LIBOR Loans
	 	 	336,548,467.21	 
	Group 2 – Six Month LIBOR Loans
	 	 	283,976,898.90	 
	Applied Loss Amountn
	 	 	0	 




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Group	 	1	 	2	 	Total
	Collateral Description	 	Mixed ARM	 	6 Month ARM	 	Mixed ARM
	Weighted Average Coupon Rate
	 	 	2.967893	 	 	 	3.048935	 	 	 	2.998197	 
	Weighted Average Net Rate
	 	 	2.591076	 	 	 	2.671423	 	 	 	2.621120	 
	Pass-Through Rate
	 	 	2.584076	 	 	 	2.664423	 	 	 	2.614120	 
	Weighted Average Maturity
	 	 	320	 	 	 	333	 	 	 	326	 
	Record Date
	 	 	10/31/2003	 	 	 	10/31/2003	 	 	 	10/31/2003	 
	Principal and Interest Constant
	 	 	1,191,824.49	 	 	 	731,269.01	 	 	 	1,923,093.50	 
	Beginning Loan Count
	 	 	1,290	 	 	 	844	 	 	 	2,134	 
	Loans Paid in Full
	 	 	16	 	 	 	7	 	 	 	23	 
	Ending Loan Count
	 	 	1,274	 	 	 	837	 	 	 	2,111	 
	Beginning Scheduled Balance
	 	 	481,887,155.47	 	 	 	287,812,942.53	 	 	 	769,700,098.00	 
	Ending Scheduled Balance
	 	 	476,162,899.02	 	 	 	283,976,898.90	 	 	 	760,139,797.92	 
	Scheduled Principal
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Unscheduled Principal
	 	 	5,724,256.45	 	 	 	3,836,043.63	 	 	 	9,560,300.08	 
	Scheduled Interest
	 	 	1,191,824.49	 	 	 	731,269.01	 	 	 	1,923,093.50	 
	Servicing Fee
	 	 	151,319.23	 	 	 	90,544.02	 	 	 	241,863.25	 
	Master Servicing Fee
	 	 	2,811.02	 	 	 	1,678.90	 	 	 	4,489.92	 
	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
	 	 	1,037,694.24	 	 	 	639,046.09	 	 	 	1,676,740.33	 
	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