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 2002-11

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
	 	81744AAA6	 	SEN	 	 	1.57000	%	 	 	617,787,354.37	 	 	 	808,271.77	 
	X-1A
	 	81744AAC2	 	IO	 	 	0.90058	%	 	 	0.00	 	 	 	133,003.03	 
	X-1B
	 	81744AAD0	 	IO	 	 	1.02343	%	 	 	0.00	 	 	 	375,736.97	 
	X-B
	 	81744AAE8	 	IO	 	 	0.46819	%	 	 	0.00	 	 	 	3,794.64	 
	A-R
	 	81744AAF5	 	SEN	 	 	3.25208	%	 	 	0.00	 	 	 	0.00	 
	B-1
	 	81744AAB4	 	SUB	 	 	2.09000	%	 	 	9,726,000.00	 	 	 	16,939.45	 
	B-2
	 	81744AAG3	 	SUB	 	 	2.55819	%	 	 	5,764,000.00	 	 	 	12,287.81	 
	B-3
	 	81744AAH1	 	SUB	 	 	2.55819	%	 	 	3,962,000.00	 	 	 	8,446.27	 
	 	B-4
	 	SMT0211B4	 	SUB	 	 	2.55819	%	 	 	1,801,000.00	 	 	 	3,839.41	 
	B-5
	 	SMT0211B5	 	SUB	 	 	2.55819	%	 	 	1,080,000.00	 	 	 	2,302.37	 
	B-6
	 	SMT0211B6	 	SUB	 	 	2.55819	%	 	 	2,882,787.00	 	 	 	6,145.58	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 
	Totals
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	643,003,141.37	 	 	 	1,370,767.30	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 




[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
	 	 	8,471,838.46	 	 	 	0.00	 	 	 	609,315,515.91	 	 	 	9,280,110.23	 	 	 	0.00	 
	X-1A
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	133,003.03	 	 	 	0.00	 
	X-1B
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	375,736.97	 	 	 	0.00	 
	X-B
	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	3,794.64	 	 	 	0.00	 
	A-R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	0.00	 	 	 	0.00	 	 	 	9,726,000.00	 	 	 	16,939.45	 	 	 	0.00	 
	B-2
	 	 	0.00	 	 	 	0.00	 	 	 	5,764,000.00	 	 	 	12,287.81	 	 	 	0.00	 
	B-3
	 	 	0.00	 	 	 	0.00	 	 	 	3,962,000.00	 	 	 	8,446.27	 	 	 	0.00	 
	B-4
	 	 	0.00	 	 	 	0.00	 	 	 	1,801,000.00	 	 	 	3,839.41	 	 	 	0.00	 
	B-5
	 	 	 	0.00	 	 	 	0.00	 	 	 	1,080,000.00	 	 	 	2,302.37	 	 	 	0.00	 
	B-6
	 	 	0.00	 	 	 	0.00	 	 	 	2,882,787.00	 	 	 	6,145.58	 	 	 	0.00	 
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	8,471,838.46	 	 	 	0.00	 	 	 	634,531,302.91	 	 	 	9,842,605.76	 	 	 	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
	 	 	695,210,000.00	 	 	 	617,787,354.37	 	 	 	0.00	 	 	 	8,471,838.45	 	 	 	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
	 	 	9,726,000.00	 	 	 	9,726,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	B-2
	 	 	5,726,000.00	 	 	 	5,764,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	B-3
	 	 	3,962,000.00	 	 	 	3,962,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	B-4
	 	 	1,801,000.00	 	 	 	1,801,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	B-5
	 	 	1,080,000.00	 	 	 	1,080,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	B-6
	 	 	2,882,787.00	 	 	 	2,882,787.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	720,425,887.00	 	 	 	643,003,141.37	 	 	 	0.00	 	 	 	8,471,838.45	 	 	 	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
	 	 	8,471,838.46	 	 	 	609,315,515.91	 	 	 	0.87644815	 	 	 	8,471,838.46	 
	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	 	 	 	9,726,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-2
	 	 	0.00	 	 	 	5,764,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-3
	 	 	0.00	 	 	 	3,962,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-4
	 	 	0.00	 	 	 	1,801,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-5
	 	 	0.00	 	 	 	1,080,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-6
	 	 	0.00	 	 	 	2,882,787.00	 	 	 	1.00000000	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	8,471,838.46	 	 	 	634,531,302.91	 	 	 	0.88077249	 	 	 	8,471,838.46	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 






(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	 	Certificate	 	Principal	 	Principal	 	 	 	 	 	Realized
	Class	 	Face Amount	 	Balance	 	Distribution	 	Distribution	 	Accretion	 	Loss (3)
	
	 	
	 	
	 	
	 	
	 	
	 	

	A
	 	 	695,210,000.00	 	 	 	888.63415999	 	 	 	0.00000000	 	 	 	12.18601351	 	 	 	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
	 	 	9,726,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-2
	 	 	5,764,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-3
	 	 	3,962,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-4
	 	 	1,801,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-5
	 	 	1,080,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-6
	 	 	2,882,787.00	 	 	 	1000.00000000	 	 	 	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
	 	 	12.18601352	 	 	 	876.44814647	 	 	 	0.87644815	 	 	 	12.18601352	 
	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	 






(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
	 	 	695,210,000.00	 	 	 	1.57000	%	 	 	617,787,354.37	 	 	 	808,271.79	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	X-1A
	 	 	0.00	 	 	 	0.90058	%	 	 	177,223,268.60	 	 	 	133,003.03	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	X-1B
	 	 	0.00	 	 	 	1.02343	%	 	 	440,564,085.77	 	 	 	375,736.97	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	X-B
	 	 	0.00	 	 	 	0.46819	%	 	 	9,726,000.00	 	 	 	3,794.64	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	A-R
	 	 	100.00	 	 	 	3.25208	%	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	9,726,000.00	 	 	 	2.09000	%	 	 	9,726,000.00	 	 	 	16,939.45	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-2
	 	 	5,764,000.00	 	 	 	2.55819	%	 	 	5,764,000.00	 	 	 	12,287.81	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-3
	 	 	3,962,000.00	 	 	 	2.55819	%	 	 	3,962,000.00	 	 	 	8,446.27	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-4
	 	 	1,801,000.00	 	 	 	2.55819	%	 	 	1,801,000.00	 	 	 	3,839.41	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-5
	 	 	1,080,000.00	 	 	 	2.55819	%	 	 	1,080,000.00	 	 	 	2,302.37	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-6
	 	 	2,882,787.00	 	 	 	2.55819	%	 	 	2,882,787.00	 	 	 	6,145.58	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	 	 	 	 	
	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	720,425,887.00	 	 	 	 	 	 	 	 	 	 	 	1,370,767.32	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	 	 	 	 	
	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 




[Additional columns below]

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


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

	 	A
	 	 	808,271.77	 	 	 	0.00	 	 	 	609,315,515.91	 
	 	X-1A
	 	 	133,003.03	 	 	 	0.00	 	 	 	174,660,665.50	 
	 	X-1B
	 	 	375,736.97	 	 	 	0.00	 	 	 	434,654,961.41	 
	 	X-B
	 	 	3,794.64	 	 	 	0.00	 	 	 	9,726,000.00	 
	 	A-R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	B-1
	 	 	16,939.45	 	 	 	0.00	 	 	 	9,726,000.00	 
	 	B-2
	 	 	12,287.81	 	 	 	0.00	 	 	 	5,764,000.00	 
	 	B-3
	 	 	8,446.27	 	 	 	0.00	 	 	 	3,962,000.00	 
	 	B-4
	 	 	3,839.41	 	 	 	0.00	 	 	 	1,801,000.00	 
	 	B-5
	 	 	2,302.37	 	 	 	0.00	 	 	 	1,080,000.00	 
	 	B-6
	 	 	6,145.58	 	 	 	0.00	 	 	 	2,882,787.00	 
	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 
	Totals
	 	 	1,370,767.30	 	 	 	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






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	Beginning	 	 	 	 	 	Payment of	 	 	 	 	 	Non-	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	Certificate/	 	Current	 	Unpaid	 	Current	 	Supported	 	 	 	 
	Class	 	Original Face	 	Current	 	Notional	 	Accrued	 	Interest	 	Interest	 	Interest	 	Realized
	(5)	 	Amount	 	Certificate Rate	 	Balance	 	Interest	 	Shortfall	 	Shortfall	 	Shortfall	 	Loss (6)
	
	 	
	 	
	 	
	 	
	 	
	 	
	 	
	 	

	A
	 	 	 	695,210,000.00	 	 	 	1.57000	%	 	 	888.63415999	 	 	 	1.16262969	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-1A
	 	 	0.00	 	 	 	0.90058	%	 	 	924.18640670	 	 	 	0.69358608	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-1B
	 	 	0.00	 	 	 	1.02343	%	 	 	875.09263753	 	 	 	0.74632651	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-B
	 	 	0.00	 	 	 	0.46819	%	 	 	1000.00000000	 	 	 	0.39015423	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	A-R
	 	 	100.00	 	 	 	3.25208	%	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-1
	 	 	9,726,000.00	 	 	 	2.09000	%	 	 	1000.00000000	 	 	 	1.74166667	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-2
	 	 	5,726,000.00	 	 	 	2.55819	%	 	 	1000.00000000	 	 	 	2.13181992	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-3
	 	 	3,962,000.00	 	 	 	2.55819	%	 	 	1000.00000000	 	 	 	2.13181979	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-4
	 	 	1,801,000.00	 	 	 	2.55819	%	 	 	1000.00000000	 	 	 	2.13182121	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-5
	 	 	1,080,000.00	 	 	 	2.55819	%	 	 	1000.00000000	 	 	 	2.13182407	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-6
	 	 	2,882,787.00	 	 	 	2.55819	%	 	 	1000.00000000	 	 	 	2.13181897	 	 	 	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
	 	 	1.16262967	 	 	 	0.00000000	 	 	 	876.44814647	 
	X-1A
	 	 	0.69358608	 	 	 	0.00000000	 	 	 	910.82232898	 
	X-1B
	 	 	0.74632651	 	 	 	0.00000000	 	 	 	963.35534121	 
	X-B
	 	 	0.39015423	 	 	 	0.00000000	 	 	 	1000.00000000	 
	A-R
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-1
	 	 	1.74166667	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-2
	 	 	2.13181992	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-3
	 	 	2.13181979	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-4
	 	 	2.13182121	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-5
	 	 	2.13182407	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-6
	 	 	2.13181897	 	 	 	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
	 	 	0.00	 
	Deposits
	 	 	 	 
	 	Payments of Interest and Principal
	 	 	10,040,854.33	 
	 	Liquidations, Insurance Proceeds, Reserve Funds
	 	 	0.00	 
	 	Proceeds from Repurchased Loans
	 	 	0.00	 
	 	Other Amounts (Servicer Advances)
	 	 	4,164.15	 
	 	Realized Losses
	 	 	0.00	 
	 	Prepayment Penalties
	 	 	0.00	 
	 
	 	 	
	 
	Total Deposits
	 	 	10,045,018.48	 
	Withdrawals
	 	 	 	 
	 	Reimbursement for Servicer Advances
	 	 	4,756.71	 
	 	Payment of Service Fee
	 	 	197,656.00	 
	 	Payment of Interest and Principal
	 	 	9,842,605.77	 
	 
	 	 	
	 
	Total Withdrawals (Pool Distribution Amount)
	 	 	10,045,018.48	 
	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
	 	 	193,905.17	 
	Master Servicing Fee
	 	 	3,750.83	 
	Supported Prepayment/Curtailment Interest Shortfall
	 	 	0.00	 
	 
	 	 	
	 
	Net Servicing Fee
	 	 	197,656.00	 
	 
	 	 	
	 



 






 




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Beginning	 	Current	 	Current	 	Ending
	Account Type	 	Balance	 	Withdrawals	 	Deposits	 	Balance
	
	 	
	 	
	 	
	 	

	Class X-1 Basis Risk Reserve Fund
	 	 	5,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	5,000.00	 
	Class X-B Basis Risk Reserve Fund
	 	 	5,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	5,000.00	 



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	 	 	 	1,998,789.74	 	 	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	 	 	 	1,998,789.74	 	 	 	 	 	 	 	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
	 	 	0.054855	%	 	 	0.315005	%	 	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	%
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0.054855	%	 	 	0.315005	%	 	 	 	 	 	 	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	 	 	 	1,998,789.74	 
	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	 	 	 	1,998,789.74	 




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	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	 	 	0.054855	%	 	 	0.315005	%
	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	%	 	 	 	 	 	 	0.054855	%	 	 	0.315005	%




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Current Period Class A Insufficient Funds:	 	 	
0.00	 	 	Principal Balance of Contaminated Properties
	 	 	0.00	 	 	Periodic Advance
	 	 	4,164.15	 



 






 



Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	Original $	 	Original %	 	Current $	 	Current %	 	Current Class %	 	Prepayment %
	 	 	 	
	 	
	 	
	 	
	 	
	 	

	Class A
	 	 	25,215,787.00	 	 	 	3.50012228	%	 	 	25,215,787.00	 	 	 	3.97392325	%	 	 	96.026077	%	 	 	0.000000	%
	Class B-1
	 	 	15,489,787.00	 	 	 	2.15008751	%	 	 	15,489,787.00	 	 	 	2.44113835	%	 	 	1.532785	%	 	 	38.571075	%
	Class B-2
	 	 	9,725,787.00	 	 	 	1.35000521	%	 	 	9,725,787.00	 	 	 	1.53275133	%	 	 	0.908387	%	 	 	22.858696	%
	Class B-3
	 	 	5,763,787.00	 	 	 	0.80005273	%	 	 	5,763,787.00	 	 	 	0.90835345	%	 	 	0.624398	%	 	 	15.712379	%
	Class B-4
	 	 	3,962,787.00	 	 	 	0.55006172	%	 	 	3,962,787.00	 	 	 	0.62452191	%	 	 	0.283832	%	 	 	7.142351	%
	Class B-5
	 	 	2,882,787.00	 	 	 	0.40015039	%	 	 	2,882,787.00	 	 	 	0.45431754	%	 	 	0.170204	%	 	 	4.283031	%
	Class B-6
	 	 	0.00	 	 	 	0.00000000	%	 	 	0.00	 	 	 	0.00000000	%	 	 	0.454318	%	 	 	11.432469	%



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



	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Original $	 	Original %	 	Current $	 	Current %
	Bankruptcy
	 	 	119,754.00	 	 	 	0.01662267	%	 	 	119,754.00	 	 	 	0.01887283	%
	Fraud
	 	 	21,612,777.00	 	 	 	3.00000005	%	 	 	12,860,062.83	 	 	 	2.02670267	%
	Special Hazard
	 	 	11,600,000.00	 	 	 	1.61015869	%	 	 	11,600,000.00	 	 	 	1.82812100	%



Limit of subordinate’s exposure to certain types of losses


 






 


Collateral Statement




	 	 	 	 	 
	Collateral Description	 	Mixed ARM
	Weighted Average Gross Coupon
	 	 	2.927059	%
	Weighted Average Net Coupon
	 	 	2.565185	%
	Weighted Average Pass-Through Rate
	 	 	2.558185	%
	Weighted Average Maturity (Stepdown Calculation)
	 	 	314	 
	Beginning Scheduled Collateral Loan Count
	 	 	1,843	 
	Number of Loans Paid in Full
	 	 	20	 
	Ending Scheduled Collateral Loan Count
	 	 	1,823	 
	Beginning Scheduled Collateral Balance
	 	 	643,003,141.37	 
	Ending Scheduled Collateral Balance
	 	 	634,531,302.91	 
	Ending Actual Collateral Balance at 31-Oct-2003
	 	 	634,526,071.98	 
	Monthly P&I Constant
	 	 	1,568,423.39	 
	Special Servicing Fee
	 	 	0.00	 
	Prepayment Penalties
	 	 	0.00	 
	Realization Loss Amount
	 	 	0.00	 
	Cumulative Realized Loss
	 	 	0.00	 
	Class A Optimal Amount
	 	 	9,280,110.25	 
	Ending Scheduled Balance for Premium Loans
	 	 	634,531,302.91	 
	Scheduled Principal
	 	 	0.00	 
	Unscheduled Principal
	 	 	8,471,838.45	 



Miscellaneous Reporting




	 	 	 	 	 
	Pro Rata Senior Percentage
	 	 	96.078435	%
	Senior Percentage
	 	 	100.000000	%
	Senior Prepayment Percentage
	 	 	100.000000	%
	Subordinate Percentage
	 	 	0.000000	%
	Subordinate Prepayment Percentage
	 	 	0.000000	%
	One Month LIBOR Loan Balance
	 	 	181,888,670.68	 
	Six Month LIBOR Loan Balance
	 	 	452,642,632.23