<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 2003-6
                         RECORD DATE: NOVEMBER 28, 2003
                      DISTRIBUTION DATE: DECEMBER 22, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                              Certificate                            Beginning
                                 Class        Certificate Pass-     Certificate        Interest
  Class           CUSIP       Description        Through Rate         Balance        Distribution
  -----           -----       -----------        ------------         -------        ------------
<S>             <C>           <C>             <C>                 <C>                <C>
    A-1         81743PCX2         SEN              1.43000%       455,022,948.60      542,235.68
    X-1         81743PCZ7          IO              0.80000%                 0.00      410,200.18
    A-2         81743PCY0         SEN              1.55125%       179,861,630.61      232,508.63
    X-2         81743PDA1          IO              0.39169%                 0.00      207,231.72
    B-1         81743PDD5         SUB              1.70000%        11,287,000.00       15,989.92
    X-B         81743PDB9          IO              0.93135%                 0.00        8,760.08
    B-2         81743PDE3         SUB              2.63135%         5,643,000.00       12,373.90
    B-3         81743PDF0         SUB              2.63135%         3,320,000.00        7,280.05
    B-4         81743PDG8         SUB              2.63135%         1,660,000.00        3,640.03
    B-5         81743PDH6         SUB              2.63135%           996,000.00        2,184.02
    B-6         81743PDJ2         SUB              2.63135%         2,323,950.00        5,095.93
    A-R         81743PDC7         RES              2.62239%                 0.00            0.00
                                                   -------        --------------    ------------
Totals                                                            660,114,529.21    1,447,500.14
                                                                  --------------    ------------

<CAPTION>
                  Principal        Current       Ending Certificate       Total              Cumulative
  Class         Distribution    Realized Loss         Balance          Distribution        Realized Loss
  -----         ------------    -------------         -------          ------------        -------------
<S>             <C>             <C>              <C>                   <C>                 <C>
    A-1         4,449,266.77         0.00          450,573,681.83      4,991,502.45             0.00
    X-1                 0.00         0.00                    0.00        410,200.18             0.00
    A-2         2,623,182.17         0.00          177,238,448.44      2,855,690.80             0.00
    X-2                 0.00         0.00                    0.00        207,231.72             0.00
    B-1                 0.00         0.00           11,287,000.00         15,989.92             0.00
    X-B                 0.00         0.00                    0.00          8,760.08             0.00
    B-2                 0.00         0.00            5,643,000.00         12,373.90             0.00
    B-3                 0.00         0.00            3,320,000.00          7,280.05             0.00
    B-4                 0.00         0.00            1,660,000.00          3,640.03             0.00
    B-5                 0.00         0.00              996,000.00          2,184.02             0.00
    B-6                 0.00         0.00            2,323,950.00          5,095.93             0.00
    A-R                 0.00         0.00                    0.00              0.00             0.00
                ------------         ----          --------------      ------------             ----
Totals          7,072,448.94         0.00          653,042,080.27      8,519,949.08             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
 Class            Amount             Balance         Distribution   Distribution     Accretion     Loss (1)
-------        --------------     --------------     ------------   ------------     ---------     --------
<S>            <C>                <C>                <C>            <C>              <C>           <C>
    A-1        458,238,000.00     455,022,948.60       1,653.14     4,447,613.63        0.00         0.00
    X-1                  0.00               0.00           0.00             0.00        0.00         0.00
    A-2        180,474,000.00     179,861,630.61         931.25     2,622,250.92        0.00         0.00
    X-2                  0.00               0.00           0.00             0.00        0.00         0.00
    B-1         11,287,000.00      11,287,000.00           0.00             0.00        0.00         0.00
    B-2          5,643,000.00       5,643,000.00           0.00             0.00        0.00         0.00
    B-3          3,320,000.00       3,320,000.00           0.00             0.00        0.00         0.00
    B-4          1,660,000.00       1,660,000.00           0.00             0.00        0.00         0.00
    B-5            996,000.00         996,000.00           0.00             0.00        0.00         0.00
    B-6          2,323,950.00       2,323,950.00           0.00             0.00        0.00         0.00
    A-R                100.00               0.00           0.00             0.00        0.00         0.00
               --------------     --------------       --------     ------------        ----         ----
Totals         663,942,050.00     660,114,529.21       2,584.39     7,069,864.55        0.00         0.00
               --------------     --------------       --------     ------------        ----         ----

<CAPTION>
             Total Principal  Ending Certificate    Ending Certificate    Total Principal
 Class          Reduction          Balance              Percentage          Distribution
--------      ------------      --------------          ----------         ------------
<S>          <C>              <C>                   <C>                   <C>
    A-1       4,449,266.77      450,573,681.83          0.98327437         4,449,266.77
    X-1               0.00                0.00          0.00000000                 0.00
    A-2       2,623,182.17      177,238,448.44          0.98207192         2,623,182.17
    X-2               0.00                0.00          0.00000000                 0.00
    B-1               0.00       11,287,000.00          1.00000000                 0.00
    B-2               0.00        5,643,000.00          1.00000000                 0.00
    B-3               0.00        3,320,000.00          1.00000000                 0.00
    B-4               0.00        1,660,000.00          1.00000000                 0.00
    B-5               0.00          996,000.00          1.00000000                 0.00
    B-6               0.00        2,323,950.00          1.00000000                 0.00
    A-R               0.00                0.00          0.00000000                 0.00
              ------------      --------------          ----------         ------------
Totals        7,072,448.94      653,042,080.27          0.98358295         7,072,448.94
              ------------      --------------          ----------         ------------
</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
Class          Amount            Balance      Distribution     Distribution    Accretion      Loss (3)
-----      --------------     -------------   ------------     ------------   ----------     ----------
<S>        <C>                <C>             <C>              <C>            <C>            <C>
 A-1       458,238,000.00      992.98388305    0.00360760       9.70590311    0.00000000     0.00000000
 X-1                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000
 A-2       180,474,000.00      996.60688304    0.00516002      14.52979886    0.00000000     0.00000000
 X-2                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000
 B-1        11,287,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
 X-B                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000
 B-2         5,643,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
 B-3         3,320,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
 B-4         1,660,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
 B-5           996,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
 B-6         2,323,950.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000
 A-R               100.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000
             ------------     -------------    ----------       ----------    ----------     ----------

<CAPTION>
           Total Principal   Ending Certificate    Ending Certificate    Total Principal
Class        Reduction             Balance             Percentage         Distribution
-----      ---------------   ------------------    ------------------    ---------------
<S>        <C>               <C>                   <C>                   <C>
 A-1         9.70851071          983.27437233          0.98327437           9.70951071
 X-1         0.00000000            0.00000000          0.00000000           0.00000000
 A-2        14.53495889          982.07192416          0.98207192          14.53495889
 X-2         0.00000000            0.00000000          0.00000000           0.00000000
 B-1         0.00000000        10000.00000000          1.00000000           0.00000000
 X-B         0.00000000            0.00000000          0.00000000           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
 A-R         0.00000000            0.00000000          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
                                                 Certificate/       Current        Unpaid       Current
              Original Face        Current         Notional         Accrued       Interest      Interest
 Class            Amount      Certificate Rate      Balance        Interest      Shortfall     Shortfall
------       --------------   ----------------  --------------   ------------   ----------     ---------
<S>          <C>              <C>               <C>              <C>            <C>            <C>
  A-1        458,238,000.00       1.43000%      455,022,948.60     542,235.68       0.00          0.00
  X-1                  0.00       0.80000%      615,300,265.58     410,200.18       0.00          0.00
  A-2        180,474,000.00       1.55125%      179,861,630.61     232,508.63       0.00          0.00
  X-2                  0.00       0.39169%      634,884,579.21     207,231.72       0.00          0.00
  B-1         11,287,000.00       1.70000%       11,287,000.00      15,989.92       0.00          0.00
  X-B                  0.00       0.93135%       11,287,000.00       8,760.08       0.00          0.00
  B-2          5,643,000.00       2.63135%        5,643,000.00      12,373.90       0.00          0.00
  B-3          3,320,000.00       2.63135%        3,320,000.00       7,280.05       0.00          0.00
  B-4          1,660,000.00       2.63135%        1,660,000.00       3,640.03       0.00          0.00
  B-5            996,000.00       2.63135%          996,000.00       2,184.02       0.00          0.00
  B-6          2,323,950.00       2.63135%        2,323,950.00       5,095.93       0.00          0.00
  A-R                100.00       2.62239%                0.00           0.00       0.00          0.00
             --------------       -------        -------------   ------------       ----          ----
Totals       663,942,050.00                                      1,447,500.14       0.00          0.00
             --------------                                      ------------       ----          ----

<CAPTION>
                 Non-                                   Remaining         Ending
              Supported                                   Unpaid       Certificate/
              Interest     Realized   Total Interest     Interest       Notational
 Class        Shortfall    Loss (4)    Distribution     Shortfall         Balance
------        ---------    --------   --------------    ---------     --------------
<S>           <C>          <C>        <C>               <C>           <C>
  A-1           0.00         0.00        542,235.68        0.00       450,573,681.83
  X-1           0.00         0.00        410,200.18        0.00       592,713,976.10
  A-2           0.00         0.00        232,508.63        0.00       177,238,448.44
  X-2           0.00         0.00        207,231.72        0.00       627,812,130.27
  B-1           0.00         0.00         15,989.92        0.00        11,287,000.00
  X-B           0.00         0.00          8,760.08        0.00        11,287,000.00
  B-2           0.00         0.00         12,373.90        0.00         5,643,000.00
  B-3           0.00         0.00          7,280.05        0.00         3,320,000.00
  B-4           0.00         0.00          3,640.03        0.00         1,660,000.00
  B-5           0.00         0.00          2,184.02        0.00           996,000.00
  B-6           0.00         0.00          5,095.93        0.00         2,323,950.00
  A-R           0.00         0.00              0.00        0.00                 0.00
                ----         ----      ------------        ----
Totals          0.00         0.00      1,447,500.14        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       458,238,000.00     1.43000%       992.98388305       1.18330579     0.00000000   0.00000000     0.00000000   0.00000000
   X-1                 0.00     0.80000%       963.34539758       0.64223027     0.00000000   0.00000000     0.00000000   0.00000000
   A-2       180,474,000.00     1.55125%       996.60688304       1.28832203     0.00000000   0.00000000     0.00000000   0.00000000
   X-2                 0.00     0.39169%       994.00759530       0.32445252     0.00000000   0.00000000     0.00000000   0.00000000
   B-1        11,287,000.00     1.70000%      1000.00000000       1.41665696     0.00000000   0.00000000     0.00000000   0.00000000
   X-B                 0.00     0.93135%      1000.00000000       0.77612120     0.00000000   0.00000000     0.00000000   0.00000000
   B-2         5,643,000.00     2.63135%      1000.00000000       2.19278752     0.00000000   0.00000000     0.00000000   0.00000000
   B-3         3,320,000.00     2.63135%      1000.00000000       2.19278614     0.00000000   0.00000000     0.00000000   0.00000000
   B-4         1,660,000.00     2.63135%      1000.00000000       2.19278916     0.00000000   0.00000000     0.00000000   0.00000000
   B-5           996,000.00     2.63135%      1000.00000000       2.19279116     0.00000000   0.00000000     0.00000000   0.00000000
   B-6         2,323,950.00     2.63135%      1000.00000000       2.19278814     0.00000000   0.00000000     0.00000000   0.00000000
   A-R               100.00     2.62239%         0.00000000       0.00000000     0.00000000   0.00000000     0.00000000   0.00000000
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                              Remaining
                               Unpaid
            Total Interest    Interest     Ending Certificate/
Class (5)    Distribution     Shortfall     Notational Balance
--------------------------------------------------------------
<S>         <C>              <C>           <C>
   A-1        1.18330579      0.00000000       983.27437233
   X-1        0.64223027      0.00000000       927.98315375
   A-2        1.28832203      0.00000000       982.07192416
   X-2        0.32445252      0.00000000       982.93460945
   B-1        1.41666696      0.00000000      1000.00000000
   X-B        0.77612120      0.00000000      1000.00000000
   B-2        2.19278752      0.00000000      1000.00000000
   B-3        2.19278614      0.00000000      1000.00000000
   B-4        2.19278916      0.00000000      1000.00000000
   B-5        2.19279116      0.00000000      1000.00000000
   B-6        2.19278814      0.00000000      1000.00000000
   A-R        0.00000000      0.00000000         0.00000000
--------------------------------------------------------------
</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                               8,700,586.42
         Liquidations, Insurance Proceeds, Reserve Funds                          0.00
         Proceeds from Repurchased Loans                                          0.00
         Other Amounts (Servicer Advances)                                   18,980.72
         Realized Losses (Gains, Subsequent Expenses & Recoveries)                0.00
         Prepayment Penalties                                                     0.00
                                                                          ------------
Total Deposits                                                            8,719,567.14

Withdrawals
         Reimbursement for Servicer Advances                                      0.00
         Payment of Service Fee                                             199,618.06
         Payment of Interest and Principal                                8,519,949.08
                                                                          ------------
Total Withdrawals (Pool Distribution Amount)                              8,719,567.14

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                                        194,117.11
Master Servicing Fee                                         5,500.95
Supported Prepayment/Curtailment Interest Shortfall              0.00
                                                           ----------
Net Servicing Fee                                          199,618.06
                                                           ==========
</TABLE>

<PAGE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                                         Beginning        Current         Current      Ending
           Account Type                   Balance       Withdrawals      Deposits      Balance
----------------------------------------------------------------------------------------------
<S>                                      <C>            <C>              <C>          <C>
Class A-1 Companion Sub Account          4,000.00           0.00           0.00       4,000.00
Class A-1 NAS Sub Account                1,000.00           0.00           0.00       1,000.00
Class A-2 Companion Sub Account            500.00           0.00           0.00         500.00
Class A-2 NAS Sub Account                2,000.00           0.00           0.00       2,000.00
Class B-1 Sub Account                    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              17   6,163,238.87   30 Days            0        0.00   30 Days             0        0.00
60 Days               2   1,780,000.00   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              1     179,000.48   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
               --------   ------------               --------   ---------                --------   ---------
                     20   8,122,239.35                      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        0.904737%      0.943773%  30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days        0.106440%      0.272570%  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       0.053220%      0.027410%  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%
               --------   ------------               --------   ---------                --------   ---------
               1.064396%      1.243753%              0.000000%   0.000000%               0.000000%   0.000000%

<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           17   6,163,238.87
60 Days               0           0.00   60 Days            2   1,780,000.00
90 Days               0           0.00   90 Days            0           0.00
120 Days              0           0.00   120 Days           1     179,000.48
150 Days              0           0.00   150 Days           0           0.00
180+ Days             0           0.00   180+ Days          0           0.00
               --------   ------------               --------   ------------
                      0           0.00                     20   8,122,239.35

                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     0.904737%      0.943773%
60 Days        0.000000%      0.000000%  60 Days     0.106440%      0.272570%
90 Days        0.000000%      0.000000%  90 Days     0.000000%      0.000000%
120 Days       0.000000%      0.000000%  120 Days    0.053220%      0.027410%
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%              1.064396%      1.243753%
</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   18,980.72
</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        25,229,950.00    3.80002806%   25,229,950.00   3.86344935%      96.136551%        0.000000%
Class X-1      25,229,950.00    3.80002806%   25,229,950.00   3.86344935%       0.000000%        0.000000%
Class X-2      25,229,950.00    3.80002806%   25,229,950.00   3.86344935%       0.000000%        0.000000%
Class B-1      13,942,950.00    2.10002799%   13,942,950.00   2.13507681%       1.728373%       44.736514%
Class B-2       8,299,950.00    1.25010327%    8,299,950.00   1.27096710%       0.864110%       22.366275%
Class B-3       4,979,950.00    0.75005895%    4,979,950.00   0.76257720%       0.508390%       13.158964%
Class B-4       3,319,950.00    0.50003679%    3,319,950.00   0.50838225%       0.254195%        6.579482%
Class B-5       2,323,950.00    0.35002349%    2,323,950.00   0.35586528%       0.152517%        3.947689%
Class B-6               0.00    0.00000000%            0.00   0.00000000%       0.355865%        9.211077%
</TABLE>

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

                           DELINQUENCY STATUS BY GROUP

<TABLE>
<CAPTION>
              DELINQUENT                            BANKRUPTCY                         FORECLOSURE
-------------------------------------------------------------------------------------------------------------
POOL 1 - 1 MONTH
                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               0           0.00   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
               --------   ------------               --------   ---------                --------   ---------
                      0           0.00                      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        0.000000%      0.000000%  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%
               --------   ------------               --------   ---------                --------   ---------
               0.000000%      0.000000%              0.000000%   0.000000%               0.000000%   0.000000%

<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            0           0.00
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                      0           0.00

                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     0.000000%      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%
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%              0.000000%      0.000000%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
              DELINQUENT                            BANKRUPTCY                         FORECLOSURE
-------------------------------------------------------------------------------------------------------------
POOL 1 - 6 MONTH
                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              10   3,743,843.38   30 Days            0        0.00   30 Days             0        0.00
60 Days               1   1,680,000.00   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
               --------   ------------               --------   ---------                --------   ---------
                     11   5,423,843.38                      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        0.856898%      0.939658%  30 Days     0.000000%   0.000000%  30 Days      0.000000%   0.000000%
60 Days        0.085690%      0.421659%  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%
               --------   ------------               --------   ---------                --------   ---------
               0.942588%      1.361317%              0.000000%   0.000000%               0.000000%   0.000000%

<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           10   3,743,843.38
60 Days               0           0.00   60 Days            1   1,680,000.00
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                     11   5,423,843.38

                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     0.856898%      0.939658%
60 Days        0.000000%      0.000000%  60 Days     0.085690%      0.421659%
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%              0.942588%      1.361317%
</TABLE>

<TABLE>
<CAPTION>
              DELINQUENT                            BANKRUPTCY                         FORECLOSURE
-------------------------------------------------------------------------------------------------------------
POOL 2
                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               7   2,419,395.49   30 Days            0        0.00   30 Days             0        0.00
60 Days               1     100,000.00   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              1     179,000.48   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
               --------   ------------               --------   ---------                --------   ---------
                      9   2,698,395.97                      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        1.310861%      1.312268%  30 Days     0.000000%   0.000000%  30 Days      0.000000%   0.000000%
60 Days        0.187266%      0.054240%  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       0.187266%      0.097089%  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%
               --------   ------------               --------   ---------                --------   ---------
               1.685393%      1.463597%              0.000000%   0.000000%               0.000000%   0.000000%

<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            7   2,419,395.49
60 Days               0           0.00   60 Days            1     100,000.00
90 Days               0           0.00   90 Days            0           0.00
120 Days              0           0.00   120 Days           1     179,000.48
150 Days              0           0.00   150 Days           0           0.00
180+ Days             0           0.00   180+ Days          0           0.00
               --------   ------------               --------   ------------
                      0           0.00                      9   2,698,395.97

                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     1.310861%      1.312268%
60 Days        0.000000%      0.000000%  60 Days     0.187266%      0.054240%
90 Days        0.000000%      0.000000%  90 Days     0.000000%      0.000000%
120 Days       0.000000%      0.000000%  120 Days    0.187266%      0.097089%
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%              1.685393%      1.463597%
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<S>                                                         <C>
Collateral Description                                        Mixed Arm

Weighted Average Gross Coupon                                     2.994835%
Weighted Average Net Coupon                                       2.641956%
Weighted Average Pass-Through Rate                                2.631956%
Weighted Average Maturity (Stepdown Calculation)                       327

Beginning Scheduled Collateral Loan Count                            1,892
Number of Loans Paid in Full                                            13
Ending Scheduled Collateral Loan Count                               1,879

Beginning Scheduled Collateral Balance                      660,114,529.40
Ending Scheduled Collateral Balance                         653,042,080.46
Ending Actual Collateral Balance at 28-Nov-2003             653,042,711.08

Monthly P&I Constant                                          1,650,029.62
Special Servicing Fee                                                 0.00
Prepayment Penalties                                                  0.00
Realized Loss Amount                                                  0.00
Cumulative Realized Loss                                              0.00

Class A Optimal Amount                                        8,464,625.15

Ending Scheduled Balance for Premium Loans                  653,042,080.46

Scheduled Principal                                               2,584.39
Unscheduled Principal                                         7,069,864.55
</TABLE>

<PAGE>




<TABLE>
<CAPTION>
              GROUP                   POOL 1 - 1 MONTH    POOL 1 - 6 MONTH           POOL 2                TOTAL
<S>                                  <C>                  <C>                  <C>                     <C>
Collateral Description               1 Month LIBOR ARM    6 Month LIBOR ARM    6 Month LIBOR ARM            Mixed ARM
Weighted Average Coupon Rate                  2.861431             3.009901             3.013344             2.994835
Weighted Average Net Rate                     2.519705             2.656111             2.658170             2.641956
Pass-Through Rate                             2.509705             2.646111             2.648170             2.631956
Weighted Average Maturity                          312                  328                  333                  327
Record Date                                 11/28/2003           11/28/2003           11/28/2003           11/28/2003
Principal and Interest Constant             170,582.03         1,008,960.69           470,486.90         1,650,029.62
Beginning Loan Count                               180                1,173                  539                1,892
Loans Paid in Full                                   2                    6                    5                   13
Ending Loan Count                                  178                1,167                  534                1,879
Beginning Scheduled Balance              71,320,960.86       401,803,052.60       186,990,515.94       660,114,529.40
Ending Scheduled Balance                 70,248,906.79       398,425,839.90       184,367,333.77       653,042,080.46
Scheduled Principal                             515.34             1,137.80               931.25             2,584.39
Unscheduled Principal                     1,071,538.73         3,376,074.90         2,622,250.92         7,069,864.55
Scheduled Interest                          170,066.69         1,007,822.89           469,555.65         1,647,445.23
Servicing Fee                                20,310.22           118,461.78            55,345.11           194,117.11
Master Servicing Fee                            594.34             3,348.36             1,558.25             5,500.95
Trustee Fee                                       0.00                 0.00                 0.00                 0.00
FRY Amount                                        0.00                 0.00                 0.00                 0.00
Special Hazard Fee                                0.00                 0.00                 0.00                 0.00
Other Fee                                         0.00                 0.00                 0.00                 0.00
Pool Insurance Fee                                0.00                 0.00                 0.00                 0.00
Spread 1                                          0.00                 0.00                 0.00                 0.00
Spread 2                                          0.00                 0.00                 0.00                 0.00
Spread 3                                          0.00                 0.00                 0.00                 0.00
Net Interest                                149,162.13           886,012.75           412,652.29         1,447,827.17
Realized Loss Amount                              0.00                 0.00                 0.00                 0.00
Cumulative Realized Loss                          0.00                 0.00                 0.00                 0.00
Percentage of Cumulative Losses                   0.00                 0.00                 0.00                 0.00
Prepayment Penalties                              0.00                 0.00                 0.00                 0.00
Special Servicing Fee                             0.00                 0.00                 0.00                 0.00
</TABLE>

<PAGE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                       <C>
Group Pool 1 - 1 Month
1 Month LIBOR Loan Balance                 70,248,906.79
6 Month LIBOR Loan Balance                398,425,839.90
Interest Transfer Amount                            0.00
Principal Transfer Amount                           0.00
Pro-Rata Pct                                   96.174139%
Senior Pct                                    100.000000%
Senior Prepay Pct                             100.000000%
Subordinate Pct                                 0.000000%
Subordinate Prepay Pct                          0.000000%

Group 1 - 6 Month
6 Month LIBOR Loan Balance                184,367,333.77
Interest Transfer Amount                            0.00
Principal Transfer Amount                           0.00
Pro-Rata Pct                                   96.187568%
Senior Pct                                    100.000000%
Senior Prepay Pct                             100.000000%
Subordinate Pct                                 0.000000%
Subordinate Prepay Pct                          0.000000%
</TABLE>