Document:

<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 2003-5
                         RECORD DATE: NOVEMBER 28, 2003
                      DISTRIBUTION DATE: DECEMBER 22, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                              Certificate          Certificate      Beginning
                                 Class            Pass-Through     Certificate       Interest        Principal            Current
   Class          CUSIP       Description             Rate           Balance        Distribution    Distribution       Realized Loss
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>           <C>                 <C>            <C>               <C>              <C>                <C>
    A-1         81743PCJ3         SEN               1.43000%     655,914,133.70      781,631.01     7,082,577.26            0.00
    A-2         81743PCK0         SEN               1.53125%     147,293,393.28      187,952.51     1,350,154.62            0.00
   X-1A         81743PCL8          IO               1.05598%               0.00       78,118.77             0.00            0.00
   X-1B         81743PCM6          IO               1.29697%               0.00      612,969.32             0.00            0.00
    X-2         81743PCN4          IO               1.17614%               0.00      144,365.15             0.00            0.00
    X-B         81743PCP9          IO               0.97672%               0.00       12,243.95             0.00            0.00
    A-R         81743PCQ7          R                2.70197%               0.00            0.00             0.00            0.00
    B-1         81743PCR5         SUB               1.72000%      15,043,000.00       21,561.63             0.00            0.00
    B-2         81743PCS3         SUB               2.69672%       6,447,000.00       14,488.11             0.00            0.00
    B-3         81743PCT1         SUB               2.69672%       6,017,000.00       13,521.78             0.00            0.00
    B-4         SEQ0305B4         SUB               2.69672%       2,149,000.00        4,829.37             0.00            0.00
    B-5         SEQ0305B5         SUB               2.69672%       1,289,000.00        2,896.72             0.00            0.00
    B-6         SEQ0305B6         SUB               2.69672%       3,439,209.40        7,728.81             0.00            0.00
------------------------------------------------------------------------------------------------------------------------------------
Totals                                                           837,591,736.38    1,882,307.13     8,432,731.88            0.00

<CAPTION>
                              Certificate
                                 Class             Ending Certificate      Total             Cumulative
   Class          CUSIP       Description               Balance         Distribution        Realized Loss
---------------------------------------------------------------------------------------------------------
<S>             <C>           <C>                  <C>                  <C>                 <C>
    A-1         81743PCJ3         SEN               648,831,556.44      7,864,208.27             0.00
    A-2         81743PCK0         SEN               145,943,238.66      1,538,107.13             0.00
   X-1A         81743PCL8          IO                         0.00         78,118.77             0.00
   X-1B         81743PCM6          IO                         0.00        612,969.32             0.00
    X-2         81743PCN4          IO                         0.00        144,365.15             0.00
    X-B         81743PCP9          IO                         0.00         12,243.95             0.00
    A-R         81743PCQ7          R                          0.00              0.00             0.00
    B-1         81743PCR5         SUB                15,043,000.00         21,561.63             0.00
    B-2         81743PCS3         SUB                 6,447,000.00         14,488.11             0.00
    B-3         81743PCT1         SUB                 6,017,000.00         13,521.78             0.00
    B-4         SEQ0305B4         SUB                 2,149,000.00          4,829.37             0.00
    B-5         SEQ0305B5         SUB                 1,289,000.00          2,896.72             0.00
    B-6         SEQ0305B6         SUB                 3,439,209.40          7,728.81             0.00
----------------------------------------------------------------------------------------------------------
Totals                                              829,159,004.50     10,315,039.01             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
-----------------------------------------------------------------------------------------------
<S>            <C>                <C>                <C>             <C>              <C>
    A-1        675,596,000.00     655,914,133.70       2,027.54      7,080,549.72        0.00
    A-2        149,609,000.00     147,293,393.28         233.32      1,349,921.30        0.00
   X-1A                  0.00               0.00           0.00              0.00        0.00
   X-1B                  0.00               0.00           0.00              0.00        0.00
    X-2                  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         15,043,000.00      15,043,000.00           0.00              0.00        0.00
    B-2          6,447,000.00       6,447,000.00           0.00              0.00        0.00
    B-3          6,017,000.00       6,017,000.00           0.00              0.00        0.00
    B-4          2,149,000.00       2,149,000.00           0.00              0.00        0.00
    B-5          1,289,000.00       1,289,000.00           0.00              0.00        0.00
    B-6          3,439,209.40       3,439,209.40           0.00              0.00        0.00
-----------------------------------------------------------------------------------------------
Totals         859,589,309.40     837,591,736.38       2,260.86      8,430,471.02        0.00

<CAPTION>
               Realized  Total Principal   Ending Certificate   Ending Certificate  Total Principal
   Class       Loss (1)     Reduction            Balance            Percentage       Distribution
---------------------------------------------------------------------------------------------------
<S>            <C>       <C>               <C>                  <C>                 <C>
    A-1          0.00     7,082,577.26      648,831,556.44          0.96038395       7,082,577.26
    A-2          0.00     1,350,154.62      145,943,238.66          0.97549772       1,350,154.62
   X-1A          0.00             0.00                0.00          0.00000000               0.00
   X-1B          0.00             0.00                0.00          0.00000000               0.00
    X-2          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       15,043,000.00          1.00000000               0.00
    B-2          0.00             0.00        6,447,000.00          1.00000000               0.00
    B-3          0.00             0.00        6,017,000.00          1.00000000               0.00
    B-4          0.00             0.00        2,149,000.00          1.00000000               0.00
    B-5          0.00             0.00        1,289,000.00          1.00000000               0.00
    B-6          0.00             0.00        3,439,209.40          1.00000000               0.00
---------------------------------------------------------------------------------------------------
Totals           0.00     8,432,731.88      829,159,004.50          0.96459902       8,432,731.88
</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
Class          Amount            Balance      Distribution    Distribution     Accretion
----------------------------------------------------------------------------------------
<S>        <C>                <C>             <C>             <C>             <C>
 A-1       675,596,000.00      970.86740256    0.00300111      10.48044944    0.00000000
 A-2       149,609,000.00      984.52227660    0.00155953       9.02299527    0.00000000
X-1A                 0.00        0.00000000    0.00000000       0.00000000    0.00000000
X-1B                 0.00        0.00000000    0.00000000       0.00000000    0.00000000
 X-2                 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        15,043,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
 B-2         6,447,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
 B-3         6,017,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
 B-4         2,149,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
 B-5         1,289,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
 B-6         3,439,209.40     1000.00000000    0.00000000       0.00000000    0.00000000

<CAPTION>
            Realized     Total Principal   Ending Certificate   Ending Certificate  Total Principal
Class       Loss (3)        Reduction            Balance            Percentage        Distribution
---------------------------------------------------------------------------------------------------
<S>        <C>           <C>               <C>                  <C>                 <C>
 A-1       0.00000000      10.48345055        960.38395201          0.96038395        10.48345055
 A-2       0.00000000       9.02455481        975.49772179          0.97549772         9.02455481
X-1A       0.00000000       0.00000000          0.00000000          0.00000000         0.00000000
X-1B       0.00000000       0.00000000          0.00000000          0.00000000         0.00000000
 X-2       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>
                                                 Beginning                      Payment of                   Non-
                                                Certificate/      Current         Unpaid       Current     Supported
          Original Face        Current            Notional        Accrued        Interest     Interest      Interest    Realized
Class        Amount        Certificate Rate       Balance         Interest      Shortfall     Shortfall    Shortfall    Loss (4)
-----    --------------    ----------------   --------------    ------------    ----------    ---------    ---------    --------
<S>      <C>               <C>                <C>               <C>             <C>           <C>          <C>          <C>
 A-1     675,596,000.00       1.43000%        655,914,133.70      781,631.01       0.00          0.00         0.00        0.00
 A-2     149,609,000.00       1.53125%        147,293,393.28      187,952.51       0.00          0.00         0.00        0.00
 X-1A              0.00       1.05598%         88,773,182.01       78,118.77       0.00          0.00         0.00        0.00
 X-1B              0.00       1.29697%        567,140,951.69      612,969.32       0.00          0.00         0.00        0.00
 X-2               0.00       1.17614%        147,293,393.28      144,365.15       0.00          0.00         0.00        0.00
 X-B               0.00       0.97672%         15,043,000.00       12,243.95       0.00          0.00         0.00        0.00
 A-R             100.00       2.70197%                  0.00            0.00       0.00          0.00         0.00        0.00
 B-1      15,043,000.00       1.72000%         15,043,000.00       21,561.63       0.00          0.00         0.00        0.00
 B-2       6,447,000.00       2.69672%          6,447,000.00       14,488.11       0.00          0.00         0.00        0.00
 B-3       6,017,000.00       2.69672%          6,017,000.00       13,521.78       0.00          0.00         0.00        0.00
 B-4       2,149,000.00       2.69672%          2,149,000.00        4,829.37       0.00          0.00         0.00        0.00
 B-5       1,289,000.00       2.69672%          1,289,000.00        2,896.72       0.00          0.00         0.00        0.00
 B-6       3,439,209.40       2.69672%          3,439,209.40        7,728.81       0.00          0.00         0.00        0.00
         --------------       -------         --------------    ------------       ----          ----         ----        ----
Totals   859,589,309.40                                         1,882,307.13       0.00          0.00         0.00        0.00
         --------------                                         ------------       ----          ----         ----        ----

<CAPTION>
                              Remaining         Ending
                               Unpaid        Certificate/
           Total Interest     Interest        Notational
Class       Distribution      Shortfall        Balance
-----      --------------     ---------     --------------
<C>        <C>                <C>           <C>
 A-1         781,631.01          0.00       648,831,556.44
 A-2         187,952.51          0.00       145,943,238.66
 X-1A         78,118.77          0.00        88,635,720.72
 X-1B        612,969.32          0.00       560,195,835.72
 X-2         144,365.15          0.00       145,943,238.66
 X-B          12,243.95          0.00        15,043,000.00
 A-R               0.00          0.00                 0.00
 B-1          21,561.63          0.00        15,043,000.00
 B-2          14,488.11          0.00         6,447,000.00
 B-3          13,521.78          0.00         6,017,000.00
 B-4           4,829.37          0.00         2,149,000.00
 B-5           2,896.72          0.00         1,289,000.00
 B-6           7,728.81          0.00         3,439,209.40
           ------------          ----       --------------
Totals     1,882,307.13          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       675,596,000.00      1.43000%        970.86740256       1.15695032    0.00000000    0.00000000   0.00000000    0.00000000
  A-2       149,609,000.00      1.53125%        984.52227660       1.25629147    0.00000000    0.00000000   0.00000000    0.00000000
  X-1A                0.00      1.05598%        987.38790964       0.86888323    0.00000000    0.00000000   0.00000000    0.00000000
  X-1B                0.00      1.29697%        968.33139607       1.04657834    0.00000000    0.00000000   0.00000000    0.00000000
  X-2                 0.00      1.17614%        984.52227660       0.96494964    0.00000000    0.00000000   0.00000000    0.00000000
  X-B                 0.00      0.97672%       1000.00000000       0.81393007    0.00000000    0.00000000   0.00000000    0.00000000
  A-R               100.00      2.70197%          0.00000000       0.00000000    0.00000000    0.00000000   0.00000000    0.00000000
  B-1        15,043,000.00      1.72000%       1000.00000000       1.43333311    0.00000000    0.00000000   0.00000000    0.00000000
  B-2         6,447,000.00      2.69672%       1000.00000000       2.24726384    0.00000000    0.00000000   0.00000000    0.00000000
  B-3         6,017,000.00      2.69672%       1000.00000000       2.24726276    0.00000000    0.00000000   0.00000000    0.00000000
  B-4         2,149,000.00      2.69672%       1000.00000000       2.24726384    0.00000000    0.00000000   0.00000000    0.00000000
  B-5         1,289,000.00      2.69672%       1000.00000000       2.24726144    0.00000000    0.00000000   0.00000000    0.00000000
  B-6         3,439,209.40      2.69672%       1000.00000000       2.24726357    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          1.15695032     0.00000000       960.38395201
 A-2          1.25629147     0.00000000       975.49772179
 X-1A         0.86888323     0.00000000       985.85898375
 X-1B         1.04657834     0.00000000       956.47336708
 X-2          0.96494964     0.00000000       975.49772179
 X-B          0.81393007     0.00000000      1000.00000000
 A-R          0.00000000     0.00000000         0.00000000
 B-1          1.43333311     0.00000000      1000.00000000
 B-2          2.24726384     0.00000000      1000.00000000
 B-3          2.24726276     0.00000000      1000.00000000
 B-4          2.24726384     0.00000000      1000.00000000
 B-5          2.24726144     0.00000000      1000.00000000
 B-6          2.24726357     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.

<PAGE>

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

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

Deposits
         Payments of Interest and Principal                          10,572,425.63
         Liquidations, Insurance Proceeds, Reserve Funds                      0.00
         Proceeds from Repurchased Loans                                      0.00
         Other Amounts (Servicer Advances)                               26,381.73
         Realized Losses (Gains, Subsequent Expenses & Recoveries)            0.00
         Prepayment Penalties                                                 0.00
                                                                     -------------
Total Deposits                                                       10,598,807.36

Withdrawals
         Reimbursement for Servicer Advances                             16,628.09
         Payment of Service Fee                                         267,140.27
         Payment of Interest and Principal                           10,315,039.00
                                                                     -------------
Total Withdrawals (Pool Distribution Amount)                         10,598,807.36

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                                      261,905.33
Master Servicing Fee                                       5,234.94
Supported Prepayment/Curtailment Interest Shortfall            0.00
                                                         ----------

Net Servicing Fee                                        267,140.27
                                                         ==========
</TABLE>

<PAGE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                         Beginning     Current     Current     Ending
      Account Type        Balance    Withdrawals   Deposits   Balance
----------------------  ----------   -----------   --------   --------
<S>                     <C>          <C>           <C>        <C>
Class X-1 Reserve Fund   5,000.00       0.00         0.00     5,000.00
Class X-2 Reserve Fund   2,500.00       0.00         0.00     2,500.00
Class X-B Reserve Fund   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          32      9,776,843.18   30 Days         0         0.00     30 Days         0          0.00
60 Days           3        944,418.19   60 Days         0         0.00     60 Days         0          0.00
90 Days           1        500,000.00   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
                 --     -------------                 ---         ----                   ---          ----
                 36     11,221,261.37                   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      1.428571%    1.179125%     30 Days     0.000000%  0.000000%   30 Days     0.000000%   0.000000%
60 Days      0.133929%    0.113900%     60 Days     0.000000%  0.000000%   60 Days     0.000000%   0.000000%
90 Days      0.044643%    0.060302%     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%
             --------     --------                  --------   ---------               --------    --------
             1.607143%    1.353327%                 0.000000%  0.000000%               0.000000%   0.000000%

<CAPTION>
               REO                                   TOTAL
-------------------------------------------------------------------------
              No. of    Principal                No. of       Principal
              Loans      Balance                 Loans         Balance
<C>         <C>         <C>         <C>         <C>         <C>
0-29 Days       0         0.00      0-29 Days       0                0.00
30 Days         0         0.00      30 Days        32        9,776,843.18
60 Days         0         0.00      60 Days         3          944,418.19
90 Days         0         0.00      90 Days         1          500,000.00
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                     36       11,221,261.37

              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     1.428571%     1.179125%
60 Days     0.000000%   0.000000%   60 Days     0.133929%     0.113900%
90 Days     0.000000%   0.000000%   90 Days     0.044643%     0.060302%
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%               1.607143%     1.353327%
</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  26,381.73
</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       34,384,209.40    4.00007411%    34,384,209.40   4.14687765%     95.853122%       0.000000%
Class X-1-A   34,384,209.40    4.00007411%    34,384,209.40   4.14687765%      0.000000%       0.000000%
Class X-1-B   34,384,209.40    4.00007411%    34,384,209.40   4.14687765%      0.000000%       0.000000%
Class X-2     34,384,209.40    4.00007411%    34,384,209.40   4.14687765%      0.000000%       0.000000%
Class B-1     19,341,209.40    2.25005234%    19,341,209.00   2.33262972%      1.814248%      43.749734%
Class B-2     12,894,209.40    1.50004302%    12,894,209.40   1.55509490%      0.777535%      18.749886%
Class B-3      6,877,209.40    0.80005758%     6,877,209.40   0.82941985%      0.725675%      17.499312%
Class B-4      4,728,209.40    0.55005447%     4,728,209.40   0.57024158%      0.259178%       6.249962%
Class B-5      3,439,209.40    0.40009914%     3,439,209.40   0.41478286%      0.155459%       3.748814%
Class B-6              0.00    0.00000000%             0.00   0.00000000%      0.414783%      10.002293%
</TABLE>

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

                           DELINQUENCY STATUS BY GROUP

<TABLE>
<CAPTION>
              DELINQUENT                          BANKRUPTCY                        FORECLOSURE
----------------------------------------------------------------------------------------------------------
ONE-MONTH LIBOR - GROUP 1
              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         2       431,935.61   30 Days         0          0.00     30 Days         0          0.00
60 Days         1       149,000.00   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
              ---       ----------                 ---          ----                   ---          ----
                3       580,935.61                   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     1.000000%    0.467052%   30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days     0.500000%    0.161114%   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%
            --------    ---------                --------    --------                --------    --------
            1.500000%    0.628165%               0.000000%   0.000000%               0.000000%   0.000000%

<CAPTION>
                REO                                 TOTAL
-----------------------------------------------------------------------

               No. of    Principal                 No. of     Principal
               Loans      Balance                  Loans       Balance
<C>          <C>         <C>         <C>         <C>         <C>
0-29 Days        0          0.00     0-29 Days       0             0.00
30 Days          0          0.00     30 Days         2       431,935.61
60 Days          0          0.00     60 Days         1       149,000.00
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                     3       580,935.61

               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     1.000000%    0.467052%
60 Days      0.000000%   0.000000%   60 Days     0.500000%    0.161114%
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%               1.500000%    0.628165%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
              DELINQUENT                              BANKRUPTCY                         FORECLOSURE
------------------------------------------------------------------------------------------------------------
SIX-MONTH LIBOR - GROUP 1
              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        22       6,751,045.87   30 Days         0          0.00     30 Days         0          0.00
60 Days         2         795,418.19   60 Days         0          0.00     60 Days         0          0.00
90 Days         1         500,000.00   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
              ---       ------------                 ---          ----                   ---          ----
               25       8,046,464.06                   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     1.339014%     1.155009%    30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days     0.121729%     0.136085%    60 Days     0.000000%   0.000000%   60 Days     0.000000%   0.000000%
90 Days     0.060864%     0.085543%    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%
            --------      --------                 --------    --------                --------    --------
            1.521607%     1.376636%                0.000000%   0.000000%               0.000000%   0.000000%

<CAPTION>
                  REO                                 TOTAL
------------------------------------------------------------------------

              No. of    Principal                 No. of     Principal
              Loans      Balance                  Loans       Balance
<C>          <C>        <C>         <C>          <C>        <C>
0-29 Days       0          0.00     0-29 Days       0               0.00
30 Days         0          0.00     30 Days        22       6,751,045.87
60 Days         0          0.00     60 Days         2         795,418.19
90 Days         0          0.00     90 Days         1         500,000.00
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                    25       8,046,464.06

              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     1.339014%     1.155009%
60 Days     0.000000%   0.000000%   60 Days     0.121729%     0.136085%
90 Days     0.000000%   0.000000%   90 Days     0.060864%     0.085543%
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%               1.521607%     1.376636%
</TABLE>

<TABLE>
<CAPTION>
              DELINQUENT                             BANKRUPTCY                         FORECLOSURE
------------------------------------------------------------------------------------------------------------
SIX-MONTH LIBOR - GROUP 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         8       2,593,861.70   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
              ---       ------------                 ---          ----                   ---          ----
                8       2,593,861.70                   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     2.015113%     1.704493%    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%
            --------      --------                 --------    --------                --------    --------
            2.015113%     1.704493%                0.000000%   0.000000%               0.000000%   0.000000%

<CAPTION>
                  REO                                 TOTAL
-------------------------------------------------------------------------

              No. of     Principal                 No. of      Principal
              Loans       Balance                  Loans        Balance
<C>         <C>         <C>          <C>         <C>         <C>
0-29 Days        0          0.00     0-29 Days       0               0.00
30 Days          0          0.00     30 Days         8       2,593,861.70
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                     8       2,593,861.70

               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     2.015113%     1.704493%
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%               2.015113%     1.704493%
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
           Collateral Description                           Mixed Arm
<S>                                                      <C>
Weighted Average Gross Coupon                                  3.079468%
Weighted Average Net Coupon                                    2.704242%
Weighted Average Pass-Through Rate                             2.696742%
Weighted Average Maturity (Stepdown Calculation)                    333

Beginning Scheduled Collateral Loan Count                         2,255
Number of Loans Paid in Full                                         15
Ending Scheduled Collateral Loan Count                            2,240

Beginning Scheduled Collateral Balance                   837,591,736.38
Ending Scheduled Collateral Balance                      829,159,004.50
Ending Actual Collateral Balance at 28-Nov-2003          829,161,007.21

Monthly P&I Constant                                       2,151,708.27
Special Servicing Fee                                              0.00
Prepayment Penalties                                               0.00
Realized Loss Amount                                               0.00
Cumulative Realized Loss                                           0.00

Class A Optimal Amount                                    10,237,768.64

Ending Scheduled Balance for Premium Loans               829,159,004.50

Scheduled Principal                                            2,260.86
Unscheduled Principal                                      8,430,471.02
</TABLE>

<PAGE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                               <C>
Pro Rata Senior Percent - Group 1                  95.884945%
Pro Rata Senior Percent - Group 2                  95.939106%

Senior Percent - Group 1                          100.000000%
Senior Percent - Group 2                          100.000000%

Senior Prepayment Percent - Group 1               100.000000%
Senior Prepayment Percent - Group 2               100.000000%

Subordinate Percent - Group 1                       0.000000%
Subordinate Percent - Group 2                       0.000000%

Subordinate Prepayment Percent - Group 1            0.000000%
Subordinate Prepayment Percent - Group 2            0.000000%

Principal Transfer Amount - Group 1                     0.00
Principal Transfer Amount - Group 2                     0.00

Interest Transfer Amount - Group 1                      0.00
Interest Transfer Amount - Group 2                      0.00
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
          GROUP                     1 MO. LIBOR - GR 1     6 MO LIBOR - GR 1    6 MO LIBOR - GR 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                  2.868478              3.109748            3.090044           3.079468
Weighted Average Net Rate                     2.493478              2.734467            2.714894           2.704242
Pass-Through Rate                             2.485978              2.726967            2.707394           2.696742
Weighted Average Maturity                          318                   336                 333                333
Record Date                                 11/28/2003            11/28/2003          11/28/2003         11/28/2003
Principal and Interest Constant             221,364.47          1,534,770.22          395,573.58       2,151,708.77
Beginning Loan Count                               200                 1,655                 400              2,225
Loans Paid in Full                                   0                    12                   3                 15
Ending Loan Count                                  200                 1,643                 397              2,240
Beginning Scheduled Balance              92,583,024.60        591,480,709.59      153,528,002.19     837,591,736.38
Ending Scheduled Balance                 92,481,187.39        584,499,969.54      152,177,847.57     829,159,004.50
Scheduled Principal                              54.16              1,973.38              233.32           2,260.86
Unscheduled Principal                       101,783.05          6,978,766.67        1,349,921.30       8,430,471.02
Scheduled Interest                          221,310.31          1,532,796.84          395,340.26       2,149,447.41
Servicing Fee                                28,932.19            184,976.37           47,996.77         261,905.33
Master Servicing Fee                            578.64              3,696.75              959.55           5,234.94
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                                191,799.48          1,344,123.72          346,383.94       1,882,307.14
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><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>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}]]