Document:

exv10w1

 

EXHIBIT 10.1

The Bank of New York

Corporate Trust and Agency Services

5 Penn Plaza, 16th Floor

New York, NY 10001

Patricia O’Neil Manella

(212) 328-7574

Distribution Date: March 30, 2004

SEQUOIA MORTGAGE FUNDING CORPORATION

Collateralized MBS Funding Bonds, Series 2002-A

Certificate Monthly Distribution Summary

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Beginning	 	Pass	 	Interest	 	Principal	 	Total	 	Realized	 	Ending Cert
	Class
	 	CUSIP
	 	Cert Balance
	 	Through
	 	Distribution
	 	Distribution
	 	Distribution
	 	Losses
	 	Balance

	A-1
	 	 	81743UAA3	 	 	 	21,590,087.90	 	 	 	1.696250	%	 	 	30,518.49	 	 	 	349,456.36	 	 	 	379,974.85	 	 	 	0.00	 	 	 	21,240,631.54	 
	A-2
	 	 	81743UAB1	 	 	 	8,888,541.78	 	 	 	1.846250	%	 	 	13,675.39	 	 	 	4,963,225.03	 	 	 	4,976,900.42	 	 	 	0.00	 	 	 	3,925,316.75	 
	 
	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	 	 	 	 	30,478,629.68	 	 	 	 	 	 	 	44,193.88	 	 	 	5,312,681.39	 	 	 	5,356,875.27	 	 	 	0.00	 	 	 	25,165,948.29	 
	 
	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

Current Payment Information

Factors per $1.00

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Original Cert	 	Beginning	 	Interest	 	Principal	 	Ending	 	Current Pass
	Class
	 	CUSIP
	 	Balance
	 	Factor
	 	Factor
	 	Factor
	 	Factor
	 	Through

	A-1
	 	 	81743UAA3	 	 	 	64,761,000.00	 	 	 	333.381014736	 	 	 	0.471247955	 	 	 	5.396092675	 	 	 	327.984922061	 	 	 	1.696250	%
	A-2
	 	 	81743UAB1	 	 	 	15,861,000.00	 	 	 	560.402357001	 	 	 	0.862202376	 	 	 	312.920057498	 	 	 	247.482299503	 	 	 	1.846250	%
	 
	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	 	 
	Total
	 	 	 	 	 	 	80,622,000.00	 	 	 	378.043582145	 	 	 	0.548161553	 	 	 	65.896174614	 	 	 	312.147407532	 	 	 	 	 
	 
	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	 	 

Underlying
Certificates Monthly Distribution – Group I

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Original	 	Beginning	 	Pass	 	Interest	 	Principal
	Series
	 	Class
	 	Balance
	 	Balance
	 	Through
	 	Distribution
	 	Distribution

	CWMBS 94K
	 	 	A1	 	 	 	123,119,000.00	 	 	 	0.00	 	 	 	0.000000	%	 	 	0.00	 	 	 	0.00	 
	DLJMA 93-Q18
	 	 	1A1	 	 	 	51,833,000.00	 	 	 	0.00	 	 	 	0.000000	%	 	 	0.00	 	 	 	0.00	 
	DLJMA 94-2A
	 	 	1A1	 	 	 	85,787,000.00	 	 	 	410,405.98	 	 	 	5.125648	%	 	 	1,753.00	 	 	 	1,114.16	 
	ONE 00-2
	 	 	2A	 	 	 	152,653,000.00	 	 	 	0.00	 	 	 	0.000000	%	 	 	0.00	 	 	 	0.00	 
	RYMS3 92-B
	 	 	1A2	 	 	 	7,712,906.00	 	 	 	0.00	 	 	 	0.000000	%	 	 	0.00	 	 	 	0.00	 
	SBM7 94-2
	 	 	A1	 	 	 	49,384,000.00	 	 	 	956,538.88	 	 	 	5.791810	%	 	 	4,616.74	 	 	 	59,575.05	 
	SMS 91-K
	 	 	A1	 	 	 	110,588,063.00	 	 	 	0.00	 	 	 	0.000000	%	 	 	0.00	 	 	 	0.00	 
	SMS 91-K
	 	 	A3	 	 	 	1,917,885.00	 	 	 	0.00	 	 	 	0.000000	%	 	 	0.00	 	 	 	0.00	 
	EAGLE 98-1
	 	 	M1	 	 	 	46,029,000.00	 	 	 	13,329,587.08	 	 	 	2.090000	%	 	 	22,441.84	 	 	 	115,919.12	 
	INMC 94-R
	 	 	M2	 	 	 	4,620,000.00	 	 	 	1,604,049.38	 	 	 	3.916982	%	 	 	5,235.86	 	 	 	4,776.46	 
	INMC 94-V
	 	 	B1	 	 	 	3,618,000.00	 	 	 	958,599.11	 	 	 	3.730794	%	 	 	2,980.28	 	 	 	3,318.57	 
	INMC 94-X
	 	 	B1	 	 	 	2,769,000.00	 	 	 	848,351.82	 	 	 	3.735842	%	 	 	2,641.09	 	 	 	3,127.60	 
	INMC 95-C
	 	 	B1	 	 	 	12,828,797.00	 	 	 	2,977,648.23	 	 	 	3.903072	%	 	 	9,684.98	 	 	 	6,960.38	 
	INMC 95-T
	 	 	A2	 	 	 	65,695,250.00	 	 	 	1,104,015.71	 	 	 	3.033957	%	 	 	2,791.28	 	 	 	164,362.15	 
	 
	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	 	 	 	 	718,554,901.00	 	 	 	22,189,196.19	 	 	 	 	 	 	 	52,145.07	 	 	 	359,153.50	 
	 
	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	 	 	
 	 	 	 	
 	 

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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Total	 	Realized	 	Interest	 	Ending
	Series
	 	Class
	 	Distribution
	 	Losses
	 	Shortfall
	 	Balance

	CWMBS 94K
	 	 	A1	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	DLJMA 93-Q18
	 	 	1A1	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	DLJMA 94-2A
	 	 	1A1	 	 	 	2,867.16	 	 	 	0.00	 	 	 	0.00	 	 	 	409,291.82	 
	ONE 00-2
	 	 	2A	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	RYMS3 92-B
	 	 	1A2	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	SBM7 94-2
	 	 	A1	 	 	 	64,191.80	 	 	 	0.00	 	 	 	0.00	 	 	 	896,963.83	 
	SMS 91-K
	 	 	A1	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	SMS 91-K
	 	 	A3	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	EAGLE 98-1
	 	 	M1	 	 	 	138,360.96	 	 	 	0.00	 	 	 	0.00	 	 	 	13,213,667.96	 
	INMC 94-R
	 	 	M2	 	 	 	10,012.32	 	 	 	0.00	 	 	 	0.00	 	 	 	1,599,272.92	 
	INMC 94-V
	 	 	B1	 	 	 	6,298.85	 	 	 	0.00	 	 	 	0.00	 	 	 	955,280.54	 
	INMC 94-X
	 	 	B1	 	 	 	5,768.69	 	 	 	0.00	 	 	 	0.00	 	 	 	845,224.22	 
	INMC 95-C
	 	 	B1	 	 	 	16,645.36	 	 	 	0.00	 	 	 	0.00	 	 	 	2,970,687.85	 
	INMC 95-T
	 	 	A2	 	 	 	167,153.43	 	 	 	0.00	 	 	 	0.00	 	 	 	939,653.56	 
	 
	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	 	 	 	 	411,298.57	 	 	 	0.00	 	 	 	0.00	 	 	 	21,830,042.69	 
	 
	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

 

 

Underlying
Certificates Monthly Distribution – Group II

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Original	 	Beginning	 	Pass	 	Interest	 	Principal
	Series
	 	Class
	 	Balance
	 	Balance
	 	Through
	 	Distribution
	 	Distribution

	GRCAP 94-HM4
	 	 	A1	 	 	 	245,813,000.00	 	 	 	301,317.03	 	 	 	3.756367	%	 	 	943.21	 	 	 	829.95	 
	INMC 95-E
	 	 	B1	 	 	 	4,608,492.00	 	 	 	2,168,663.12	 	 	 	3.799543	%	 	 	6,866.61	 	 	 	48,848.62	 
	PMLT 99-A
	 	 	M1	 	 	 	2,914,000.00	 	 	 	1,599,159.77	 	 	 	2.116997	%	 	 	2,821.18	 	 	 	14,036.09	 
	RTC 95-2
	 	 	A3	 	 	 	119,696,000.00	 	 	 	4,980,555.82	 	 	 	2.989067	%	 	 	12,406.01	 	 	 	4,980,555.82	 
	 
	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	 	 	 	 	373,031,492.00	 	 	 	9,049,695.75	 	 	 	 	 	 	 	23,037.02	 	 	 	5,044,270.49	 
	 
	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	 	 	
 	 	 	 	
 	 

     

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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Total	 	Realized	 	Interest	 	Ending
	Series
	 	Class
	 	Distribution
	 	Losses
	 	Shortfall
	 	Balance

	GRCAP 94-HM4
	 	 	A1	 	 	 	1,773.17	 	 	 	0.00	 	 	 	0.00	 	 	 	300,487.08	 
	INMC 95-E
	 	 	B1	 	 	 	55,715.23	 	 	 	0.00	 	 	 	0.00	 	 	 	2,119,814.50	 
	PMLT 99-A
	 	 	M1	 	 	 	16,857.27	 	 	 	0.00	 	 	 	0.00	 	 	 	1,585,123.68	 
	RTC 95-2
	 	 	A3	 	 	 	4,992,961.84	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	 	 	 	 	5,067,307.51	 	 	 	0.00	 	 	 	0.00	 	 	 	4,005,425.26	 
	 
	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

Underlying Pool Delinquent Information by Group

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Loans	 	 	 	 	 	 
	 	 	Outstanding	 	Delinquent 30-59 Days	 	Delinquent 60-89 Days	 	Delinquent 90+ Days
	 Series
	 	Balance
	 	No.
	 	Balance
	 	No.
	 	Balance
	 	No.
	 	Balance

	CWMBS 94K
	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	DLJMA 93-Q18(1)
	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	DLJMA 94-2A(1)
	 	 	664,966.24	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	ONE 00-2(2)
	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	RYMS3 92-B(2)
	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	SBM7 94-2(2)
	 	 	3,227,412.76	 	 	 	1	 	 	 	64,559.26	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	SMS 91-K
	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	EAGLE 98-1
	 	 	22,571,113.03	 	 	 	6	 	 	 	316,037.66	 	 	 	4	 	 	 	510,512.40	 	 	 	17	 	 	 	3,141,734.07	 
	INMC 94-R
	 	 	4,914,791.21	 	 	 	2	 	 	 	188,097.76	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	INMC 94-V
	 	 	4,352,239.88	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	INMC 94-X
	 	 	3,981,009.84	 	 	 	3	 	 	 	418,998.05	 	 	 	0	 	 	 	0.00	 	 	 	1	 	 	 	46,566.06	 
	INMC 95-C
	 	 	5,807,877.52	 	 	 	1	 	 	 	118,990.07	 	 	 	1	 	 	 	116,355.49	 	 	 	0	 	 	 	0.00	 
	INMC 95-T(2)
	 	 	4,786,255.61	 	 	 	2	 	 	 	223,469.30	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	50,305,666.09	 	 	 	15	 	 	 	1,330,152.10	 	 	 	5	 	 	 	626,867.89	 	 	 	18	 	 	 	3,188,300.13	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

     

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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Foreclosure	 	 	 	 	 	REO	 	Realized Losses
	 Series
	 	No.
	 	Balance
	 	No.
	 	Balance
	 	Curr. Amount

	CWMBS 94K
	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	DLJMA 93-Q18(1)
	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	DLJMA 94-2A(1)
	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	3,393.54	 
	ONE 00-2(2)
	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	RYMS3 92-B(2)
	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	SBM7 94-2(2)
	 	 	1	 	 	 	115,244.00	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	SMS 91-K
	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	EAGLE 98-1
	 	 	14	 	 	 	1,076,141.75	 	 	 	7	 	 	 	1,512,651.46	 	 	 	268,811.80	 
	INMC 94-R
	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	INMC 94-V
	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	INMC 94-X
	 	 	1	 	 	 	93,607.53	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	INMC 95-C
	 	 	2	 	 	 	380,789.84	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	INMC 95-T(2)
	 	 	1	 	 	 	78,379.53	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	19	 	 	 	1,744,162.65	 	 	 	7	 	 	 	1,512,651.46	 	 	 	272,205.34	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Loans	 	 	 	 	 	 
	 	 	Outstanding	 	Delinquent 30-59 Days	 	Delinquent 60-89 Days	 	Delinquent 90+ Days
	 Series
	 	Balance
	 	No.
	 	Balance
	 	No.
	 	Balance
	 	No.
	 	Balance

	GRCAP 94-HM4
	 	 	4,159,817.18	 	 	 	1	 	 	 	207,051.66	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	INMC 95-E
	 	 	10,184,441.16	 	 	 	9	 	 	 	1,982,728.62	 	 	 	3	 	 	 	339,001.68	 	 	 	0	 	 	 	0.00	 
	PMLT 99-A
	 	 	24,382,794.79	 	 	 	19	 	 	 	1,375,850.16	 	 	 	8	 	 	 	425,059.95	 	 	 	6	 	 	 	712,902.56	 
	RTC 95-2(1)
	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	38,727,053.13	 	 	 	29	 	 	 	3,565,630.44	 	 	 	11	 	 	 	764,061.63	 	 	 	6	 	 	 	712,902.56	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total All
	 	 	89,032,719.22	 	 	 	44	 	 	 	4,895,782.54	 	 	 	16	 	 	 	1,390,929.52	 	 	 	24	 	 	 	3,901,202.69	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

     

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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Foreclosure	 	 	 	 	 	REO	 	Realized Losses
	 Series
	 	No.
	 	Balance
	 	No.
	 	Balance
	 	Curr. Amount

	GRCAP 94-HM4
	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	INMC 95-E
	 	 	1	 	 	 	398,090.53	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	PMLT 99-A
	 	 	22	 	 	 	1,745,877.74	 	 	 	6	 	 	 	226,258.20	 	 	 	0.00	 
	RTC 95-2(1)
	 	 	0	 	 	 	0.00	 	 	 	0	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	23	 	 	 	2,143,968.27	 	 	 	6	 	 	 	226,258.20	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total All
	 	 	42	 	 	 	3,888,130.92	 	 	 	13	 	 	 	1,738,909.66	 	 	 	272,205.34	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

	(1)	 	Information shown for the Underlying Mortgage Loans for this Pooled
Security is based on the Underlying Mortgage Loan group related to such Pooled
Security only.
	 
	(2)	 	Information shown for the Underlying Mortgage Loans for this Pooled
Security is based on all the Underlying Mortgage Loan groups in the related
series.

 

 

Certificate Account Information

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Withdrawals	 	 	 	 	 	 	 	 	 	 	 	 	 	Ending
	Group
	 	Beginning Balance
	 	Funds Deposited
	 	Trustee Fee
	 	Management Fee
	 	Available Funds
	 	Funds Distributed
	 	Balance

	I
	 	 	0.00	 	 	 	411,298.57	 	 	 	554.73	 	 	 	0.00	 	 	 	410,743.84	 	 	 	379,974.85	 	 	 	30,768.99	 
	II
	 	 	0.00	 	 	 	5,067,307.51	 	 	 	226.24	 	 	 	0.00	 	 	 	5,067,081.26	 	 	 	4,976,900.42	 	 	 	90,180.84	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	0.00	 	 	 	5,478,606.08	 	 	 	780.97	 	 	 	0.00	 	 	 	5,477,825.10	 	 	 	5,356,875.27	 	 	 	120,949.83	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Additional Reporting Items
	 	Pool I
	 	Pool II
	 	Total

	2.15(a)
	 	Available Interest	 	 	52,145.07	 	 	 	23,037.02	 	 	 	75,182.08	 
	 
	 	Available Principal	 	 	359,153.50	 	 	 	5,044,270.49	 	 	 	5,403,423.99	 
	2.15(b)
	 	Monthly Interest Amt.	 	 	see p. 1	 	 	 	 	 	 	 	 	 
	2.15(c)
	 	Carryforward Interest	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	2.15(d)
	 	Principal Paid	 	 	see p. 1	 	 	 	 	 	 	 	 	 
	2.15(e)
	 	Class Print Amts.	 	 	see p. 1	 	 	 	 	 	 	 	 	 
	2.15(f)
	 	Beginning Actual OC	 	 	2.7000	%	 	 	1.7808	%	 	 	 	 
	 
	 	Ending Actual OC	 	 	2.7000	%	 	 	2.0000	%	 	 	 	 
	2.15(g)
	 	2nd preceding pool bal	 	 	50,695,957.61	 	 	 	55,864,495.57	 	 	 	106,560,453.18	 
	2.15(h)
	 	Required OC	 	 	2.7000	%	 	 	2.0000	%	 	 	 	 
	2.15(i)
	 	Has Step-up Occurred?	 	No    	 	No    	 	 	 	 
	2.15(k)
	 	Monies Deposited to Reserve Fund	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	2.15(l)
	 	Amts. Dist. to Investor Certificateholders	 	 	30,768.99	 	 	 	90,180.84	 	 	 	120,949.83	 

Note: Management Fee is to be paid on an annual basis. This month’s Fee
together with last month’s annualized amount equals the full annual Fee.<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 2002-8
                         RECORD DATE: FEBRUARY 27, 2004
                        DISTRIBUTION DATE: MARCH 22, 2004

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                    Certificate  Certificate     Beginning
                        Class    Pass-Through   Certificate      Interest      Principal
Class      CUSIP    Description      Rate         Balance      Distribution  Distribution
------  ----------  -----------  ------------  --------------  ------------  ------------
<C>     <C>         <C>          <C>           <C>             <C>           <C>
1-A1     81743RAA0      SEN        1.22125%              0.00          0.00          0.00
1-A2     81743RAB8      SEN        3.45500%     28,543,169.05     82,180.54    951,313.25
 2A      81743RAC6      SEN        1.39125%    374,140,463.65    433,769.10  3,653,824.53
 3A      81743RAD4      SEN        2.97484%     35,612,614.63     88,284.82  1,168,503.87
 X-1     81743RAE2       IO        1.76663%              0.00     42,021.10          0.00
X-2A    81743RAFf9       IO        1.05074%              0.00    135,108.39          0.00
X-2B     81743AFG7       IO        1.17379%              0.00    215,039.22          0.00
 X-B     81743RAH5       IO        1.26808%              0.00      9,583.52          0.00
 A-R     81743RAJ1      SEN        5.37281%              0.00          0.00          0.00
 B-1     81743RAK8      SUB        1.76625%      9,069,000.00     13,348.43          0.00
 B-2     81743RAL6      SUB        3.03433%      5,505,000.00     13,919.99          0.00
 B-3     81743RAM4      SUB        3.03433%      3,886,000.00      9,826.17          0.00
 B-4     SMT0208B4      SUB        3.03433%      1,618,000.00      4,091.29          0.00
 B-5     SMT0208B5      SUB        3.03433%        970,000.00      2,452.75          0.00
 B-6     SMT0208B6      SUB        3.03433%      2,306,324.82      5,831.79          0.00
                                               --------------  ------------  ------------
Totals                                         461,650,572.15  1,055,457.11  5,773,641.65
                                               --------------  ------------  ------------
</TABLE>

<TABLE>
<CAPTION>
                     Current      Ending                    Cumulative
                    Realized    Certificate      Total       Realized
Class      CUSIP      Loss        Balance     Distribution     Loss
------  ----------  --------  --------------  ------------  --------------
<C>     <C>         <C>       <C>             <C>           <C>
1-A1     81743RAA0      0.00            0.00          0.00        0.00
1-A2     81743RAB8      0.00   27,591,855.80  1,033,493.79        0.00
 2A      81743RAC6      0.00  370,486,639.12  4,087,593.63        0.00
 3A      81743RAD4      0.00   34,444,110.76  1,256,788.69        0.00
 X-1     81743RAE2      0.00            0.00     42,021.10        0.00
X-2A    81743RAFf9      0.00            0.00    135,108.39        0.00
X-2B     81743AFG7      0.00            0.00    215,039.22        0.00
 X-B     81743RAH5      0.00            0.00      9,583.52        0.00
 A-R     81743RAJ1      0.00            0.00          0.00        0.00
 B-1     81743RAK8      0.00    9,069,000.00     13,348.43        0.00
 B-2     81743RAL6      0.00    5,505,000.00     13,919.99        0.00
 B-3     81743RAM4      0.00    3,886,000.00      9,826.17        0.00
 B-4     SMT0208B4      0.00    1,618,000.00      4,091.29        0.00
 B-5     SMT0208B5      0.00      970,000.00      2,452.75        0.00
 B-6     SMT0208B6      0.00    2,306,324.82      5,831.79        0.00
                        ----  --------------- ------------        ----
Totals                  0.00  455,876,930.50  6,829,098.76        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
Class       Amount         Balance      Distribution  Distribution  Accretion
------  --------------  --------------  ------------  ------------  ---------
<C>     <C>             <C>             <C>           <C>           <C>
1-A1     50,000,000.00            0.00      0.00              0.00     0.00
1-A2     61,468,000.00   28,543,169.05      0.00        951,313.25     0.00
 2A     463,097,000.00  374,140,463.65      0.00      3,653,824.53     0.00
 3A      49,973,000.00   35,612,614.63      0.00      1,168,503.87     0.00
 X-1              0.00            0.00      0.00              0.00     0.00
X-2A              0.00            0.00      0.00              0.00     0.00
X-2B              0.00            0.00      0.00              0.00     0.00
 X-B              0.00            0.00      0.00              0.00     0.00
 A-R            100.00            0.00      0.00              0.00     0.00
 B-1      9,069,000.00    9,069,000.00      0.00              0.00     0.00
 B-2      5,505,000.00    5,505,000.00      0.00              0.00     0.00
 B-3      3,886,000.00    3,886,000.00      0.00              0.00     0.00
 B-4      1,618,000.00    1,618,000.00      0.00              0.00     0.00
 B-5        970,000.00      970,000.00      0.00              0.00     0.00
 B-6      2,306,324.82    2,306,324.82      0.00              0.00     0.00
        --------------  --------------      ----      ------------     ----
Totals  647,892,424.82  461,650,572.15      0.00      5,773,641.65     0.00
        --------------  --------------      ----      ------------     ----
</TABLE>

<TABLE>
<CAPTION>
                                       Ending        Ending
        Realized  Total Principal   Certificate    Certificate  Total Principal
Class   Loss (1)     Reduction         Balance     Percentage    Distribution
------  --------  ---------------  --------------  -----------  ---------------
<C>     <C>       <C>              <C>             <C>          <C>
1-A1      0.00               0.00            0.00   0.00000000             0.00
1-A2      0.00         951,313.25   27,591,855.80   0.44888163       951,313.25
 2A       0.00       3,653,824.53  370,486,639.12   0.80001952     3,653,824.53
 3A       0.00       1,168,503.87   34,444,110.76   0.68925441     1,168,503.87
 X-1      0.00               0.00            0.00   0.00000000             0.00
X-2A      0.00               0.00            0.00   0.00000000             0.00
X-2B      0.00               0.00            0.00   0.00000000             0.00
 X-B      0.00               0.00            0.00   0.00000000             0.00
 A-R      0.00               0.00            0.00   0.00000000             0.00
 B-1      0.00               0.00    9,069,000.00   1.00000000             0.00
 B-2      0.00               0.00    5,505,000.00   1.00000000             0.00
 B-3      0.00               0.00    3,886,000.00   1.00000000             0.00
 B-4      0.00               0.00    1,618,000.00   1.00000000             0.00
 B-5      0.00               0.00      970,000.00   1.00000000             0.00
 B-6      0.00               0.00    2,306,324.82   1.00000000             0.00
          ----       ------------  --------------  -----------     ------------
Totals    0.00       5,773,641.65  455,876,930.50   0.70363059     5,773,641.65
          ----       ------------  --------------  -----------     ------------
</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.

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                         Beginning     Scheduled     Unscheduled
        Original Face   Certificate    Principal      Principal
Class      Amount         Balance     Distribution  Distribution  Accretion
-----  --------------  -------------  ------------  ------------  ----------
<C>    <C>             <C>            <C>           <C>           <C>
1-A1    50,000,000.00     0.00000000   0.00000000     0.00000000  0.00000000
1-A2    61,468,000.00   464.35818719   0.00000000    15.47656097  0.00000000
 2A    463,097,000.00   807.90949553   0.00000000     7.88997668  0.00000000
 3A     49,973,000.00   712.63711664   0.00000000    23.38270406  0.00000000
 X-1             0.00     0.00000000   0.00000000     0.00000000  0.00000000
X-2A             0.00     0.00000000   0.00000000     0.00000000  0.00000000
X-2B             0.00     0.00000000   0.00000000     0.00000000  0.00000000
 X-B             0.00     0.00000000   0.00000000     0.00000000  0.00000000
 A-R           100.00     0.00000000   0.00000000     0.00000000  0.00000000
 B-1     9,069,000.00  1000.00000000   0.00000000     0.00000000  0.00000000
 B-2     5,505,000.00  1000.00000000   0.00000000     0.00000000  0.00000000
 B-3     3,886,000.00  1000.00000000   0.00000000     0.00000000  0.00000000
 B-4     1,618,000.00  1000.00000000   0.00000000     0.00000000  0.00000000
 B-5       970,000.00  1000.00000000   0.00000000     0.00000000  0.00000000
 B-6     2,306,324.82  1000.00000000   0.00000000     0.00000000  0.00000000
</TABLE>

<TABLE>
<CAPTION>
                     Total         Ending        Ending
        Realized    Principal    Certificate   Certificate  Total Principal
Class   Loss (3)    Reduction      Balance     Percentage     Distribution
-----  ----------  -----------  -------------  -----------  ---------------
<C>    <C>         <C>          <C>            <C>          <C>
1-A1   0.00000000   0.00000000     0.00000000   0.00000000       0.00000000
1-A2   0.00000000  15.47656097   448.88162621   0.44888163      15.47656097
 2A    0.00000000   7.88997668   800.01951885   0.80001952       7.88997668
 3A    0.00000000  23.38270406   689.25441258   0.68925441      23.38270406
 X-1   0.00000000   0.00000000     0.00000000   0.00000000       0.00000000
X-2A   0.00000000   0.00000000     0.00000000   0.00000000       0.00000000
X-2B   0.00000000   0.00000000     0.00000000   0.00000000       0.00000000
 X-B   0.00000000   0.00000000     0.00000000   0.00000000       0.00000000
 A-R   0.00000000   0.00000000     0.00000000   0.00000000       0.00000000
 B-1   0.00000000   0.00000000  1000.00000000   1.00000000       0.00000000
 B-2   0.00000000   0.00000000  1000.00000000   1.00000000       0.00000000
 B-3   0.00000000   0.00000000  1000.00000000   1.00000000       0.00000000
 B-4   0.00000000   0.00000000  1000.00000000   1.00000000       0.00000000
 B-5   0.00000000   0.00000000  1000.00000000   1.00000000       0.00000000
 B-6   0.00000000   0.00000000  1000.00000000   1.00000000       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>
                                                                     Payment of
                          Current       Beginning        Current       Unpaid
        Original Face   Certificate    Certificate/      Accrued      Interest
Class       Amount         Rate      Notional Balance    Interest    Shortfall
------  --------------  -----------  ----------------  ------------  ----------
<C>     <C>             <C>          <C>               <C>           <C>
1-A1     50,000,000.00    1.22125%               0.00          0.00     0.00
1-A2     61,468,000.00    3.45500%      28,543,169.05     82,180.54     0.00
 2A     463,097,000.00    1.39125%     374,140,463.65    433,769.10     0.00
 3A      49,973,000.00    2.97484%      35,612,614.63     88,284.82     0.00
 X-1              0.00    1.76663%      28,543,169.05     42,021.10     0.00
X-2A              0.00    1.05074%     154,300,346.81    135,108.39     0.00
X-2B              0.00    1.17379%     219,840,116.84    215,039.22     0.00
 X-B              0.00    1.26808%       9,069,000.00      9,583.52     0.00
 A-R            100.00    5.37281%               0.00          0.00     0.00
 B-1      9,069,000.00    1.76625%       9,069,000.00     13,348.43     0.00
 B-2      5,505,000.00    3.03433%       5,505,000.00     13,919.99     0.00
 B-3      3,886,000.00    3.03433%       3,886,000.00      9,826.17     0.00
 B-4      1,618,000.00    3.03433%       1,618,000.00      4,091.29     0.00
 B-5        970,000.00    3.03433%         970,000.00      2,452.75     0.00
 B-6      2,306,324.82    3.03433%       2,306,324.82      5,831.79     0.00
        --------------                                 ------------     ----
Totals  647,892,424.82                                 1,055,457.11     0.00
        --------------                                 ------------     ----
</TABLE>

<TABLE>
<CAPTION>
                                                            Remaining     Ending
        Current    Non-Supported                             Unpaid     Certificate/
        Interest     Interest     Realized  Total Interest   Interest    Notational
Class   Shortfall    Shortfall    Loss (4)   Distribution   Shortfall     Balance
------  ---------  -------------  --------  --------------  ---------  --------------
<C>     <C>        <C>            <C>       <C>             <C>        <C>
1-A1       0.00         0.00        0.00              0.00     0.00              0.00
1-A2       0.00         0.00        0.00         82,180.54     0.00     27,591,855.80
 2A        0.00         0.00        0.00        433,769.10     0.00    370,486,639.12
 3A        0.00         0.00        0.00         88,284.82     0.00     34,444,110.76
 X-1       0.00         0.00        0.00         42,021.10     0.00     27,591,855.80
X-2A       0.00         0.00        0.00        135,108.39     0.00    152,869,164.45
X-2B       0.00         0.00        0.00        215,039.22     0.00    217,617,474.67
 X-B       0.00         0.00        0.00          9,583.52     0.00      9,069,000.00
 A-R       0.00         0.00        0.00              0.00     0.00              0.00
 B-1       0.00         0.00        0.00         13,348.43     0.00      9,069,000.00
 B-2       0.00         0.00        0.00         13,919.99     0.00      5,505,000.00
 B-3       0.00         0.00        0.00          9,826.17     0.00      3,886,000.00
 B-4       0.00         0.00        0.00          4,091.29     0.00      1,618,000.00
 B-5       0.00         0.00        0.00          2,452.75     0.00        970,000.00
 B-6       0.00         0.00        0.00          5,831.79     0.00      2,306,324.82
           ----         ----        ----      ------------     ----
Totals     0.00         0.00        0.00      1,055,457.11     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
                          Current       Beginning                         Unpaid     Current
Class    Original Face  Certificate    Certificate/    Current Accrued   Interest    Interest
 (5)        Amount         Rate      Notional Balance      Interest      Shortfall   Shortfall
------  --------------  -----------  ----------------  ---------------  ----------  ----------
<S>     <C>             <C>          <C>               <C>              <C>         <C>
 1-A1    50,000,000.00    1.22125%         0.00000000       0.00000000  0.00000000  0.00000000
 1-A2    61,468,000.00    3.45500%       464.35818719       1.33696460  0.00000000  0.00000000
  2A    463,097,000.00    1.39125%       807.90949553       0.93667007  0.00000000  0.00000000
  3A     49,973,000.00    2.97484%       712.63711664       1.76665039  0.00000000  0.00000000
  X-1             0.00    1.76663%       256.06603734       0.37697904  0.00000000  0.00000000
 X-2A             0.00    1.05074%       819.15730277       0.71727009  0.00000000  0.00000000
 X-2B             0.00    1.17379%       800.19765943       0.78272284  0.00000000  0.00000000
  X-B             0.00    1.26808%      1000.00000000       1.05673393  0.00000000  0.00000000
  A-R           100.00    5.37281%         0.00000000       0.00000000  0.00000000  0.00000000
  B-1     9,069,000.00    1.76625%      1000.00000000       1.47187452  0.00000000  0.00000000
  B-2     5,505,000.00    3.03433%      1000.00000000       2.52860854  0.00000000  0.00000000
  B-3     3,886,000.00    3.03433%      1000.00000000       2.52860782  0.00000000  0.00000000
  B-4     1,618,000.00    3.03433%      1000.00000000       2.52860939  0.00000000  0.00000000
  B-5       970,000.00    3.03433%      1000.00000000       2.52860825  0.00000000  0.00000000
  B-6     2,306,324.82    3.03433%      1000.00000000       2.52860740  0.00000000  0.00000000
</TABLE>

<TABLE>
<CAPTION>
                                                   Remaining
        Non-Supported                               Unpaid
Class     Interest      Realized   Total Interest   Interest   Ending Certificate/
 (5)      Shortfall     Loss (6)    Distribution   Shortfall   Notational Balance
------  -------------  ----------  --------------  ----------  -------------------
<S>     <C>            <C>         <C>             <C>         <C>
 1-A1      0.00000000  0.00000000      0.00000000  0.00000000           0.00000000
 1-A2      0.00000000  0.00000000      1.33696460  0.00000000         448.88162621
  2A       0.00000000  0.00000000      0.93667007  0.00000000         800.01951885
  3A       0.00000000  0.00000000      1.76665039  0.00000000         689.25441258
  X-1      0.00000000  0.00000000      0.37697904  0.00000000         247.53163060
 X-2A      0.00000000  0.00000000      0.71727009  0.00000000         811.55937117
 X-2B      0.00000000  0.00000000      0.78272284  0.00000000         792.10744784
  X-B      0.00000000  0.00000000      1.05673393  0.00000000        1000.00000000
  A-R      0.00000000  0.00000000      0.00000000  0.00000000           0.00000000
  B-1      0.00000000  0.00000000      1.47187452  0.00000000        1000.00000000
  B-2      0.00000000  0.00000000      2.52860854  0.00000000        1000.00000000
  B-3      0.00000000  0.00000000      2.52860782  0.00000000        1000.00000000
  B-4      0.00000000  0.00000000      2.52860939  0.00000000        1000.00000000
  B-5      0.00000000  0.00000000      2.52860825  0.00000000        1000.00000000
  B-6      0.00000000  0.00000000      2.52860740  0.00000000        1000.00000000
</TABLE>

(5)  Per $1 denomination

(6) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.

                      CERTIFICATEHOLDER ACCOUNT STATEMENT

                              CERTIFICATE ACCOUNT

<TABLE>
<S>                                                                      <C>
Beginning Balance                                                                0.00

Deposits
         Payments of Interest and Principal                              6,977,438.02
         Liquidations, Insurance Proceeds, Reserve Funds                         0.00
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                     520.86
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                         ------------
Total Deposits                                                           6,977,858.88

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            148,860.12
         Payment of Interest and Principal                               6,829,098.76
                                                                         ------------
Total Withdrawals (Pool Distribution Amount)                             6,977,958.88

Ending Balance                                                                   0.00
                                                                                 ====
</TABLE>

<PAGE>

                   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                                                    145,397.75
Master Servicing Fee                                                     3,462.37
Non-Supported Prepayment/Curtailment Interest Shortfall                      0.00
                                                                       ----------

Net Servicing Fee                                                      148,860.12
                                                                       ==========
</TABLE>

<TABLE>
<CAPTION>
                                   Beginning     Current      Current    Ending
          Account Type              Balance    Withdrawals   Deposits    Balance
--------------------------------   ---------   -----------   --------   --------
<S>                                <C>         <C>           <C>        <C>
Class X-1 Basis Risk Reserve Fund  2,500.00       0.00         0.00     2,500.00
Class X-2 Basis Risk Reserve Fund  5,000.00       0.00         0.00     5,000.00
Class X-B Basis Risk Reserve Fund  2,500.00       0.00         0.00     2,500.00
</TABLE>

<PAGE>

             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         1       208,344.32  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       208,344.32                 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     0.081967%   0.045702%   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%
            --------------------                -------------------               --------------------
            0.081967%   0.045702%               0.000000%  0.000000%              0.000000%   0.000000%
</TABLE>

<TABLE>
<CAPTION>
              REO                            TOTAL
-------------------------------  --------------------------------
             No. of   Principal              No. of    Principal
             Loans     Balance                Loans     Balance
<S>          <C>      <C>        <C>         <C>       <C>
0-29 Days      0         0.00    0-29 Days      0            0.00
30 Days        0         0.00    30 Days        1      208,344.32
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      208,344.32

             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    0.081967%  0.045702%
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%             0.081967%  0.045702%
</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   520.86
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
               Original $      Original%      Current $      Current %    Current Class %   Prepayment %
             --------------  ------------  --------------  -------------  ---------------  -------------
<S>          <C>             <C>           <C>             <C>            <C>              <C>
Class A      647,892,324.82  99.99998457%  455,876,930.50  100.00000000%       94.877055%      0.000000%
Class 1-A-1  597,892.324.82  92.28265402%  455,876,930.50  100.00000000%        0.000000%      0.000000%
Class 1-A-2  536,424,324.82  82.79527654%  428,285,074.70   93.94752093%        6.052479%    118.144524%
Class 2A      73,327,324.82  11.31782407%   57,798,435.58   12.67851732%       81.269004%  1,586.372725%
Class 3A      23,354,324.82   3.60466089%   23,354,324.82    5.12294509%        7.555572%    147.484935%
Class X-1     23,354,324.82   3.60466089%   23,354,324.82    5.12294509%        0.000000%      0.000000%
Class X-2-A   23,354,324.82   3.60466089%   23,354,324.82    5.12294509%        0.000000%      0.000000%
Class X-2-B   23,354,324.82   3.60466089%   23,354,324.82    5.12294509%        0.000000%      0.000000%
Class B-1     14,285,324.82   2.20489147%   14,285,324.82    3.13359239%        1.989353%     38.832208%
Class B-2      8,780,324.82   1.35521338%    8,780,324.82    1.92602964%        1.207563%     23.571651%
Class B-3      4,894,324.82   0.75542245%    4,894,324.82    1.07360660%        0.852423%     16.639316%
Class B-4      3,276,324.82   0.50568963%    3,276,324.82    0.71868625%        0.354920%      6.928053%
Class B-5      2,306,324.82   0.35597342%    2,306,324.82    0.50590953%        0.212777%      4.153406%
Class B-6              0.00   0.00000000%            0.00    0.00000000%        0.505910%      9.875365%
</TABLE>

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

<TABLE>
<CAPTION>
                   Original $     Original %     Current $      Current %
                 -------------   -----------   -------------   -----------
<S>              <C>             <C>           <C>             <C>
Bankruptcy       126,045.00      0.01945462%      126,045.00   0.02764891%
Fraud            19,436,773.00   3.00000004%   10,357,716.80   2.27240232%
Special Hazard   15,500,000.00   2.39237247%   15,499,500.00   3.39993076%
</TABLE>

Limit of subordinate's exposure to certain types of losses

<PAGE>

                           DELINQUENCY STATUS BY GROUP

                                     GROUP 1

<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         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%
</TABLE>

<TABLE>
<CAPTION>
                REO                                TOTAL
-------------------------------  --------------------------------
            No. of    Principal              No. of    Principal
             Loans     Balance                Loans     Balance
<S>         <C>       <C>        <C>         <C>       <C>
0-29 Days      0         0.00    0-29 Days      0         0.00
30 Days        0.        0.00    30 Days        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>

                                     GROUP 2

<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         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%
</TABLE>

<TABLE>
<CAPTION>
             REO                                 TOTAL
-------------------------------  --------------------------------
            No. of    Principal              No. of    Principal
             Loans     Balance                Loans     Balance
<S>         <C>       <C>        <C>         <C>       <C>
0-29 Days      0         0.00    0-29 Days      0         0.00
30 Days        0         0.00    30 Days        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>

                                     Group 3

<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         1       208,344.32  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       208,344.32                 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     0.892857%   0.573308%   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%
            --------------------                -------------------               --------------------
            0.892857%   0.573308%              0.000000%   0.000000%              0.000000%   0.000000%
</TABLE>

<TABLE>
<CAPTION>
                 REO                                 TOTAL
 -------------------------------  --------------------------------
             No. of    Principal              No. of    Principal
              Loans     Balance                Loans     Balance
 <S>         <C>       <C>        <C>         <C>       <C>
 0-29 Days      0         0.00    0-29 Days      0            0.00
 30 Days        0         0.00    30 Days        1      208,344.32
 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      208,344.32

             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    0.892857%   0.573308%
 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%             0.892857%   0.573308%
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
           Collateral Description                      Mixed Arm
<S>                                                 <C>
Weighted Average Gross Coupon                            3.130464%
Weighted Average Net Coupon                              2.752522%
Weighted Average Pass-Through Rate                       2.743522%
Weighted Average Maturity (Stepdown Calculation)               312

Beginning Scheduled Collateral Loan Count                    1,230
Number of Loans Paid in Full                                    10
Ending Scheduled Collateral Loan Count                       1,220

Beginning Scheduled Collateral Balance              461,650,572.15
Ending Scheduled Collateral Balance                 455,876,930.50
Ending Actual Collateral Balance at 27-Feb-2004     455,873,418.06

Monthly P&I Constant                                  1,204,317.26
Special Servicing Fee                                         0.00
Prepayment Penalties                                          0.00
Realization Loss Amount                                       0.00
Cumulative Realized Loss                                      0.00

Class A Optimal Amount                                6,770,044.82

Ending Scheduled Balance for Premium Loans          455,876,930.50

Scheduled Principal                                           0.00
Unscheduled Principal                                 5,773,641.65
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                 <C>
One Month Libor Loan Balance                        160,005,002.73
Six Month Libor Loan Balance - POOL 1                31,755,138.69
Six Month Libor Loan Balance - POOL 2               227,775,724.13
Six Month Libor Loan Balance - POOL 3                36,341,064.95
Pro Rata Senior Percent                                 94.941125%
Senior Percentage                                      100.000000%
Senior Prepay Percentage                               100.000000%
Subordinate Percentage                                   0.000000%
Subordinate Prepayment Percentage                        0.000000%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
           GROUP                       1                2               3               TOTAL
Collateral Description                Mixed ARM        Mixed ARM       Mixed ARM        Mixed ARM
<S>                               <C>             <C>              <C>             <C>
Weighted Average Coupon Rate           5.480633         2.912211        3.358839         3.130464
Weighted Average Net Rate              5.230634         2.523297        2.983839         2.752522
Pass-Through Rate                      5.221633         2.514296        2.974839         2.743522
Weighted Average Maturity                   336              303             340              312
Record Date                          02/27/2004       02/27/2004      02/27/2004       02/27/2004
Principal and Interest Constant      149,376.73       949,950.04      104,990.49     1,204,317.26
Beginning Loan Count                         67            1,049             114            1,230
Loans Paid in Full                            2                7               2               10
Ending Loan Count                            65            1,043             112            1,220
Beginning Scheduled Balance       32,706,451.94   391,434,551.39   37,509,568.82   461,650,572.15
Ending Scheduled Balance          31,755,138.69   387,780,726.86   36,341,064.95   455,876,930.50
Scheduled Principal                        0.00             0.00            0.00             0.00
Unscheduled Principal                951,313.25     3,653,824.53    1,168,503.87     5,773,641.65
Scheduled Interest                   149,376.73       949,950.04      104,990.49     1,204,317.26
Servicing Fee                          6,813.84       126,862.17       11,721.74       145,397.75
Master Servicing Fee                     245.30         2,935.75          281.32         3,462.37
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                         142,317.59       820,152.12       92,987.43     1,055,457.14
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>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}]]