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 2002-8
                          RECORD DATE:  JUNE 30, 2003
                       DISTRIBUTION DATE:  JULY 21, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY
<TABLE>
<CAPTION>
                       Certificate        Certificate         Beginning
                         Class           Pass-Through        Certificate                Interest
Class       CUSIP      Description           Rate              Balance                Distribution
-----       -----      -----------           ----              -------                ------------
<S>        <C>         <C>               <C>                <C>                       <C>
1-A1       81743RAA0      SEN               1.23375%                  0.00                  0.00
1-A2       81743RAB8      SEN               3.45500%         59,459,934.74            171,195.06
2A         81743RAC6      SEN               1.40375%        420,931,490.59            492,402.14
3A         81743RAD4      SEN               3.00038%         43,892,202.90            109,744.54
X-1        81743RAE2      IO                1.81267%                  0.00             89,827.44
X-2A       81743RAFf9     IO                1.29771%                  0.00            186,755.30
X-2B       81743AFG7      IO                1.26283%                  0.00            261,252.97
X-B        81743RAH5      IO                1.38922%                  0.00             10,508.69
A-R        81743RAJ1      SEN               5.37281%                  0.00                  0.00
B-1        81743RAK8      SUB               1.77875%          9,069,000.00             13,442.90
B-2        81743RAL6      SUB               3.16797%          5,505,000.00             14,533.08
B-3        81743RAM4      SUB               3.16797%          3,886,000.00             10,258.95
B-4        SMT0208B4      SUB               3.16797%          1,618,000.00              4,271.48
B-5        SMT0208B5      SUB               3.16797%            970,000.00              2,560.78
B-6        SMT0208B6      SUB               3.16797%          2,306,324.82              6,088.65
           ---------      ---               -------         --------------          -------------
Totals                                                      547,637,953.05          1,372,841.98
           ---------      ---               -------         --------------          -------------
</TABLE>

<TABLE>
<CAPTION>
                                            Current           Ending                               Cumulative
                  Principal                Realized        Certificate             Total            Realized
Class           Distribution                 Loss            Balance             Distribution         Loss
-----           ------------                 ----            -------             ------------         ----
<S>             <C>                        <C>            <C>                    <C>               <C>
1-A1                    0.00                  0.00                  0.00                  0.00        0.00
1-A2            5,001,172.00                  0.00         54,458,762.74          5,172,367.06        0.00
2A              5,920,499.74                  0.00        415,010,990.85          6,412,901.88        0.00
3A              1,777,745.97                  0.00         42,114,456.93          1,887,490.51        0.00
X-1                     0.00                  0.00                  0.00             89,827.44        0.00
X-2A                    0.00                  0.00                  0.00            186,755.30        0.00
X-2B                    0.00                  0.00                  0.00            261,252.97        0.00
X-B                     0.00                  0.00                  0.00             10,508.69        0.00
A-R                     0.00                  0.00                  0.00                  0.00        0.00
B-1                     0.00                  0.00          9,069,000.00             13,442.90        0.00
B-2                     0.00                  0.00          5,505,000.00             14,533.08        0.00
B-3                     0.00                  0.00          3,886,000.00             10,258.95        0.00
B-4                     0.00                  0.00          1,618,000.00              4,271.48        0.00
B-5                     0.00                  0.00            970,000.00              2,560.78        0.00
B-6                     0.00                  0.00          2,306,324.82              6,088.65        0.00
               -------------                  ----        --------------         -------------        ----
Totals         12,699,417.71                  0.00        534,938,535.34         14,072,259.69        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>
1-A1        50,000,000.00               0.00          0.00                       0.00             0.00               0.00
1-A2        61,468,000.00      59,459,934.74          0.00               5,001,172.00             0.00               0.00
2A         463,097,000.00     420,931,490.59          0.00               5,920,499.74             0.00               0.00
3A          49,973,000.00      43,892,202.90          0.00               1,777,745.97             0.00               0.00
X-1                  0.00               0.00          0.00                       0.00             0.00               0.00
X-2A                 0.00               0.00          0.00                       0.00             0.00               0.00
X-2B                 0.00               0.00          0.00                       0.00             0.00               0.00
X-B                  0.00               0.00          0.00                       0.00             0.00               0.00
A-R                100.00               0.00          0.00                       0.00             0.00               0.00
B-1          9,069,000.00       9,069,000.00          0.00                       0.00             0.00               0.00
B-2          5,505,000.00       5,505,000.00          0.00                       0.00             0.00               0.00
B-3          3,886,000.00       3,886,000.00          0.00                       0.00             0.00               0.00
B-4          1,618,000.00       1,618,000.00          0.00                       0.00             0.00               0.00
B-5            970,000.00         970,000.00          0.00                       0.00             0.00               0.00
B-6          2,306,324.82       2,306,324.82          0.00                       0.00             0.00               0.00
           --------------     --------------          ----              -------------             ----               ----
Totals     647,892,424.82     547,637,953.05          0.00              12,699,417.71             0.00               0.00
           --------------     --------------          ----              -------------             ----               ----
</TABLE>

<TABLE>
<CAPTION>
               Total             Ending               Ending               Total
             Principal         Certificate          Certificate          Principal
Class        Reduction           Balance             Percentage         Distribution
-----        ---------           -------             ----------         ------------
<S>         <C>               <C>                    <C>                <C>
1-A1                 0.00               0.00         0.00000000                 0.00
1-A2         5,001,172.00      54,458,762.74         0.88596933         5,001,172.00
2A           5,920,499.74     415,010,990.85         0.89616428         5,920,499.74
3A           1,777,745.97      42,114,456.93         0.84274422         1,777,745.97
X-1                  0.00               0.00         0.00000000                 0.00
X-2A                 0.00               0.00         0.00000000                 0.00
X-2B                 0.00               0.00         0.00000000                 0.00
X-B                  0.00               0.00         0.00000000                 0.00
A-R                  0.00               0.00         0.00000000                 0.00
B-1                  0.00       9,069,000.00         1.00000000                 0.00
B-2                  0.00       5,505,000.00         1.00000000                 0.00
B-3                  0.00       3,886,000.00         1.00000000                 0.00
B-4                  0.00       1,618,000.00         1.00000000                 0.00
B-5                  0.00         970,000.00         1.00000000                 0.00
B-6                  0.00       2,306,324.82         1.00000000                 0.00
            -------------     --------------         ----------        -------------
Totals      12,699,417.71     534,938,535.34         0.82565950        12,699,417.71
            -------------     --------------         ----------        -------------
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                Beginning           Scheduled        Unscheduled
         Original Face         Certificate          Principal         Principal                              Realized
Class        Amount              Balance           Distribution      Distribution         Accretion           Loss (3)
-----        ------              -------           ------------      ------------         ---------           --------
<S>      <C>                 <C>                   <C>               <C>                 <C>                <C>
1-A1      50,000,000.00         0.00000000         0.00000000         0.00000000         0.00000000         0.00000000
1-A2      61,468,000.00       967.33153413         0.00000000        81.36220472         0.00000000         0.00000000
2A       463,097,000.00       908.94886080         0.00000000        12.78457805         0.00000000         0.00000000
3A        49,973,000.00       878.31834991         0.00000000        35.57412943         0.00000000         0.00000000
X-1                0.00         0.00000000         0.00000000         0.00000000         0.00000000         0.00000000
X-2A               0.00         0.00000000         0.00000000         0.00000000         0.00000000         0.00000000
X-2B               0.00         0.00000000         0.00000000         0.00000000         0.00000000         0.00000000
X-B                0.00         0.00000000         0.00000000         0.00000000         0.00000000         0.00000000
A-R              100.00         0.00000000         0.00000000         0.00000000         0.00000000         0.00000000
B-1        9,069,000.00      1000.00000000         0.00000000         0.00000000         0.00000000         0.00000000
B-2        5,505,000.00      1000.00000000         0.00000000         0.00000000         0.00000000         0.00000000
B-3        3,886,000.00      1000.00000000         0.00000000         0.00000000         0.00000000         0.00000000
B-4        1,618,000.00      1000.00000000         0.00000000         0.00000000         0.00000000         0.00000000
B-5          970,000.00      1000.00000000         0.00000000         0.00000000         0.00000000         0.00000000
B-6        2,306,324.82      1000.00000000         0.00000000         0.00000000         0.00000000         0.00000000
         --------------      -------------         ----------         ----------         ----------         ----------
</TABLE>

<TABLE>
<CAPTION>
                Total            Ending             Ending                     Total
              Principal        Certificate        Certificate                Principal
Class         Reduction          Balance           Percentage               Distribution
-----         ---------          -------           ----------               ------------
<S>         <C>              <C>                  <C>                      <C>
1-A1         0.00000000         0.00000000         0.00000000               0.00000000
1-A2        81.36220472       885.96932941         0.88596933              81.36220472
2A          12.78457805       896.16428275         0.89616428              12.78457805
3A          35.57412943       842.74422048         0.84274422              35.57412943
X-1          0.00000000         0.00000000         0.00000000               0.00000000
X-2A         0.00000000         0.00000000         0.00000000               0.00000000
X-2B         0.00000000         0.00000000         0.00000000               0.00000000
X-B          0.00000000         0.00000000         0.00000000               0.00000000
A-R          0.00000000         0.00000000         0.00000000               0.00000000
B-1          0.00000000      1000.00000000         1.00000000               0.00000000
B-2          0.00000000      1000.00000000         1.00000000               0.00000000
B-3          0.00000000      1000.00000000         1.00000000               0.00000000
B-4          0.00000000      1000.00000000         1.00000000               0.00000000
B-5          0.00000000      1000.00000000         1.00000000               0.00000000
B-6          0.00000000      1000.00000000         1.00000000               0.00000000
             ----------      -------------         ----------               ----------
</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
              Original                 Current          Certificate/          Current                   Unpaid
                Face                 Certificate         Notional             Accrued                  Interest
Class          Amount                    Rate             Balance             Interest                Shortfall
-----          ------                    ----             -------             --------                ---------
<S>         <C>                      <C>             <C>                   <C>                        <C>
1-A1         50,000,000.00             1.23375%                0.00                0.00                0.00
1-A2         61,468,000.00             3.45500%       59,459,934.74          171,195.06                0.00
2A          463,097,000.00             1.40375%      420,931,490.59          492,402.15                0.00
3A           49,973,000.00             3.00038%       43,892,202.90          109,744.54                0.00
X-1                   0.00             1.81267%       59,459,934.74           89,817.81                0.00
X-2A                  0.00             1.29771%      172,686,748.00          186,747.28                0.00
X-2B                  0.00             1.26283%      248,244,742.59          261,241.74                0.00
X-B                   0.00             1.38922%        9,069,000.00           10,499.06                0.00
A-R                 100.00             5.37281%                0.00                0.00                0.00
B-1           9,069,000.00             1.77875%        9,069,000.00           13,442.90                0.00
B-2           5,505,000.00             3.16797%        5,505,000.00           14,533.08                0.00
B-3           3,886,000.00             3.16797%        3,886,000.00           10,258.95                0.00
B-4           1,618,000.00             3.16797%        1,618,000.00            4,271.48                0.00
B-5             970,000.00             3.16797%          970,000.00            2,560.78                0.00
B-6           2,306,324.82             3.16797%        2,306,324.82            6,088.65                0.00
            --------------             -------       --------------        ------------                ----
Totals      647,892,424.82                                                 1,372,803.48                 0.00
            --------------             -------       --------------        ------------                ----
</TABLE>

<TABLE>
<CAPTION>
                                  Non-                                                  Remaining         Ending
                Current         Supported                                                 Unpaid        Certificate/
                Interest        Interest               Realized       Total Interest     Interest       Notational
Class          Shortfall        Shortfall               Loss (4)        Distribution     Shortfall        Balance
-----          ---------        ---------              --------        ------------      ---------        -------
<S>            <C>              <C>                    <C>            <C>                <C>         <C>
1-A1              0.00                0.00                0.00                0.00        0.00                 0.00
1-A2              0.00                0.00                0.00          171,195.06        0.00        54,458,762.74
2A                0.00                0.00                0.00          492,402.14        0.00       415,010,990.85
3A                0.00                0.00                0.00          109,744.54        0.00        42,114,456.93
X-1               0.00                0.00                0.00           89,827.44        0.00        54,458,762.74
X-2A              0.00                0.00                0.00          186,755.30        0.00       170,586,004.64
X-2B              0.00                0.00                0.00          261,252.97        0.00       244,424,986.21
X-B               0.00                0.00                0.00           10,508.69        0.00         9,069,000.00
A-R               0.00                0.00                0.00                0.00        0.00                 0.00
B-1               0.00                0.00                0.00           13,442.90        0.00         9,069,000.00
B-2               0.00                0.00                0.00           14,533.08        0.00         5,505,000.00
B-3               0.00                0.00                0.00           10,258.95        0.00         3,886,000.00
B-4               0.00                0.00                0.00            4,271.48        0.00         1,618,000.00
B-5               0.00                0.00                0.00            2,560.78        0.00           970,000.00
B-6               0.00                0.00                0.00            6,088.65        0.00         2,306,324.82
                  ----                ----                ----        ------------        ----       ---------------
Totals            0.00                0.00                0.00        1,372,841.98        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>
                                                    Beginning                              Payment of
              Original           Current           Certificate/          Current             Unpaid           Current
Class           Face           Certificate           Notional             Accrued           Interest          Interest
(5)            Amount             Rate                Balance            Interest           Shortfall         Shortfall
-----          ------             ----                -------            --------           ---------         ---------
<S>        <C>                   <C>              <C>                   <C>                <C>               <C>
  1-A1      50,000,000.00        1.23375%            0.00000000         0.00000000         0.00000000        0.00000000
  1-A2      61,468,000.00        3.45500%          967.33153413         2.78510867         0.00000000        0.00000000
   2A      463,097,000.00        1.40375%          908.94886080         1.06328080         0.00000000        0.00000000
   3A       49,973,000.00        3.00038%          878.31834991         2.19607668         0.00000000        0.00000000
   X-1               0.00        1.81267%          533.42604819         0.80577215         0.00000000        0.00000000
  X-2A               0.00        1.29771%          916.76793760         0.99141318         0.00000000        0.00000000
  X-2B               0.00        1.26283%          903.58786577         0.95089573         0.00000000        0.00000000
   X-B               0.00        1.38922%         1000.00000000         1.15768662         0.00000000        0.00000000
   A-R             100.00        5.37281%            0.00000000         0.00000000         0.00000000        0.00000000
   B-1       9,069,000.00        1.77875%         1000.00000000         1.48229132         0.00000000        0.00000000
   B-2       5,505,000.00        3.16797%         1000.00000000         2.63997820         0.00000000        0.00000000
   B-3       3,886,000.00        3.16797%         1000.00000000         2.63997684         0.00000000        0.00000000
   B-4       1,618,000.00        3.16797%         1000.00000000         2.63997528         0.00000000        0.00000000
   B-5         970,000.00        3.16797%         1000.00000000         2.63997938         0.00000000        0.00000000
   B-6       2,306,324.82        3.16797%         1000.00000000         2.63997939         0.00000000        0.00000000
             ------------        -------          -------------         ----------         ----------        ----------
</TABLE>

<TABLE>
<CAPTION>
                   Non-                                                              Remaining                Ending
                 Supported                                                             Unpaid               Certificate/
 Class            Interest       Realized              Total Interest                 Interest              Notational
  (5)            Shortfall        Loss (6)               Distribution                 Shortfall               Balance
 -----           ---------       --------               ------------                  ---------               -------
<S>              <C>             <C>                   <C>                           <C>                   <C>
  1-A1           0.00000000      0.00000000                0.00000000                0.00000000               0.00000000
  1-A2           0.00000000      0.00000000                2.78510867                0.00000000             885.96932941
   2A            0.00000000      0.00000000                1.06328078                0.00000000             896.16428275
   3A            0.00000000      0.00000000                2.19607668                0.00000000             842.74422048
   X-1           0.00000000      0.00000000                0.80585854                0.00000000             488.55961119
  X-2A           0.00000000      0.00000000                0.99145576                0.00000000             905.61540749
  X-2B           0.00000000      0.00000000                0.95093661                0.00000000             889.68430641
   X-B           0.00000000      0.00000000                1.15874848                0.00000000            1000.00000000
   A-R           0.00000000      0.00000000                0.00000000                0.00000000               0.00000000
   B-1           0.00000000      0.00000000                1.48229132                0.00000000            1000.00000000
   B-2           0.00000000      0.00000000                2.63997820                0.00000000            1000.00000000
   B-3           0.00000000      0.00000000                2.63997684                0.00000000            1000.00000000
   B-4           0.00000000      0.00000000                2.63997528                0.00000000            1000.00000000
   B-5           0.00000000      0.00000000                2.63997938                0.00000000            1000.00000000
   B-6           0.00000000      0.00000000                2.63997939                0.00000000            1000.00000000
                 ----------      ----------                ----------                ----------            -------------
</TABLE>

(5)  Per $1 denomination

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

                      CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

<TABLE>
<S>                                                    <C>

Beginning Balance                                               0.00
Deposits
  Payments of Interest and Principal                   14,246,011.27
  Liquidations, Insurance Proceeds, Reserve Funds              38.51
  Proceeds from Repurchased Loans                               0.00
  Other Amounts (Servicer Advances)                           290.00
  Realized Losses                                               0.00
  Prepayment Penalties                                          0.00
                                                       -------------
Total Deposits                                         14,246,339.78

Withdrawals
  Reimbursement for Servicer Advances                          924.49
  Payment of Service Fee                                   173,155.60
  Payment of Interest and Principal                     14,072,259.69
                                                       -------------
Total Withdrawals (Pool Distribution Amount)           14,246,339.78
Ending Balance                                                  0.00
                                                       =============
</TABLE>
<PAGE>
                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<TABLE>
<S>                                                         <C>
Total Prepayment/Curtailment Interest Shortfall             0.00
Servicing Fee Support                                       0.00
                                                            ----
Non-Supported Prepayment Curtailment Interest Shortfall     0.00
                                                            ====
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                            <C>
Gross Servicing Fee                                            169,048.32
Master Servicing Fee                                             4,107.28
Non-Supported Prepayment/Curtailment Interest Shortfall              0.00
                                                               ----------
Net Servicing Fee                                              173,155.60
                                                               ==========
</TABLE>

<TABLE>
<CAPTION>
                                         Beginning     Current        Current       Ending
          Account Type                    Balance    Withdrawals     Deposits      Balance
          ------------                    -------    -----------     --------      -------

<S>                                     <C>             <C>          <C>           <C>
Class X-1 Basis Risk Reserve Fund        2,500.00         9.63         9.63        2,500.00
Class X-2 Basis Risk Reserve Fund        5,000.00        19.26        19.26        5,000.00
Class X-B Basis Risk Reserve Fund        2,500.00         9.63         9.63        2,500.00
</TABLE>

<PAGE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
                DELINQUENT                        BANKRUPTCY                        FORECLOSURE
                ----------                        ----------                        -----------

              No. of   Principal                   No. of     Principal                No. of    Principal
              Loans     Balance                    Loans       Balance                 Loans      Balance
<S>           <C>      <C>          <C>            <C>        <C>        <C>           <C>       <C>
0-29 Days       0            0.00   0-29 Days        0            0.00   0-29 Days       0           0.00
30 Days         1      116,000.00   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
            ---------------------                 ---------------------               ----------------------
                1      116,000.00                    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     0.071225%    0.021685%   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%
            ----------------------                ----------------------              ----------------------
            0.071225%    0.021685%                0.000000%    0.000000%              0.000000%    0.000000%
</TABLE>

<TABLE>
<CAPTION>
                     REO                                   TOTAL
                     ---                                   -----
              No. of      Principal                   No. of      Principal
              Loans        Balance                     Loans        Balance
<S>           <C>         <C>          <C>            <C>         <C>
0-29 Days       0              0.00    0-29 Days         0              0.00
30 Days         0              0.00    30 Days           1        116,000.00
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                      1        116,000.00

             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       0.071225%      0.021685%
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%                 0.071225%      0.021685%
</TABLE>

Current Period Class A Insufficient Funds:                                  0.00
Principal Balance of Contaminated Properties                                0.00
Periodic Advance                                                          290.00
<PAGE>
<TABLE>
<CAPTION>
                   Original $        Original%       Current $        Current %      Current Class %    Prepayment %
                   ----------        ---------       ---------        ---------      ---------------    ------------
<S>             <C>                <C>             <C>              <C>              <C>               <C>
Class A         647,892,324.82     99.99998457%    534,938,535.34   100.00000000%        95.634204%        0.000000%
Class 1-A-1     597,892.324.82     92.28265402%    534,938,535.34   100.00000000%         0.000000%        0.000000%
Class 1-A-2     536,424,324.82     82.79527654%    480,479,772.60    89.81962242%        10.180378%      233.184916%
Class 2A         73,327,324.82     11.31782407%     65,468,781.75    12.23856152%        77.581061%    1,777.019863%
Class 3A         23,354,324.82      3.60466089%     23,354,324.82     4.36579593%         7.872766%      180.328300%
Class X-1        23,354,324.82      3.60466089%     23,354,324.82     4.36579593%         0.000000%        0.000000%
Class B-1        14,285,324.82      2.20489147%     14,285,324.82     2.67046097%         1.695335%       38.832208%
Class B-2         8,780,324.82      1.35521338%      8,780,324.82     1.64137078%         1.029090%       23.571651%
Class B-3         4,894,324.82      0.75542245%      4,894,324.82     0.91493218%         0.726439%       16.639316%
Class B-4         3,276,324.82      0.50568963%      3,276,324.82     0.61246753%         0.302465%        6.928053%
Class B-5         2,306,324.82      0.35597342%      2,306,324.82     0.43113828%         0.181329%        4.153406%
Class B-6                 0.00      0.00000000%              0.00     0.00000000%         0.431138%        9.875365%
</TABLE>

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

<TABLE>
<CAPTION>
                             Original $           Original %          Current $            Current %
<S>                       <C>                     <C>               <C>                   <C>
       Bankruptcy            126,045.00           0.01945462%          126,045.00         0.02356252%
            Fraud         19,436,773.00           3.00000004%       19,436,773.00         3.63345912%
   Special Hazard         15,500,000.00           2.39237247%       15,499,500.00         2.89743568%
</TABLE>

Limit of subordinate's exposure to certain types of losses
<PAGE>
                           DELINQUENCY STATUS BY GROUP

                                     GROUP 1

<TABLE>
<CAPTION>
                  DELINQUENT                          BANKRUPTCY                       FORECLOSURE
                  ----------                          ----------                       -----------
              No. of   Principal                   No. of    Principal               No. of     Principal
              Loans     Balance                    Loans     Balance                  Loans       Balance
<S>         <C>        <C>          <C>          <C>        <C>          <C>         <C>        <C>
0-29 Days       0          0.00     0-29 Days        0          0.00     0-29 Days       0           0.00
30 Days         0          0.00     30 Days          0          0.00     30 Days         0           0.00
60 Days         0          0.00     60 Days          0          0.00     60 Days         0           0.00
90 Days         0          0.00     90 Days          0          0.00     90 Days         0           0.00
120 Days        0          0.00     120 Days         0          0.00     120 Days        0           0.00
150 Days        0          0.00     150 Days         0          0.00     150 Days        0           0.00
180+ Days       0          0.00     180+ Days        0          0.00     180+ Days       0           0.00
            ---------------------                ---------------------               ----------------------
                0          0.00                      0          0.00                     0           0.00

              No. of    Principal                  No. of   Principal                 No. of     Principal
              Loans      Balance                   Loans     Balance                   Loans       Balance

0-29 Days   0.000000%   0.000000%  0-29 Days     0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days     0.000000%   0.000000%  30 Days       0.000000%   0.000000%   30 Days     0.000000%    0.000000%
60 Days     0.000000%   0.000000%  60 Days       0.000000%   0.000000%   60 Days     0.000000%    0.000000%
90 Days     0.000000%   0.000000%  90 Days       0.000000%   0.000000%   90 Days     0.000000%    0.000000%
120 Days    0.000000%   0.000000%  120 Days      0.000000%   0.000000%   120 Days    0.000000%    0.000000%
150 Days    0.000000%   0.000000%  150 Days      0.000000%   0.000000%   150 Days    0.000000%    0.000000%
180+ Days   0.000000%   0.000000%  180+ Days     0.000000%   0.000000%   180+ Days   0.000000%    0.000000%
            ---------------------                ---------------------               ----------------------
            0.000000%   0.000000%                0.000000%   0.000000%               0.000000%    0.000000%
</TABLE>

<TABLE>
<CAPTION>
                                     REO                                   TOTAL
                                     ---                                   -----
                               No. of      Principal                  No. of      Principal
                                Loans       Balance                    Loans       Balance
<S>              <C>           <C>         <C>           <C>         <C>          <C>
                 0-29 Days         0            0.00     0-29 Days       0           0.00
                 30 Days           0.           0.00     30 Days         0           0.00
                 60 Days           0            0.00     60 Days         0           0.00
                 90 Days           0            0.00     90 Days         0           0.00
                 120 Days          0            0.00     120 Days        0           0.00
                 150 Days          0            0.00     150 Days        0           0.00
                 180+ Days         0            0.00     180+ Days       0           0.00
                               ----------------------                ----------------------
                                   0            0.00                     0           0.00

                                No. of      Principal                 No. of      Principal
                                Loans        Balance                   Loans       Balance

                 0-29 Days     0.000000%    0.000000%    0-29 Days   0.000000%    0.000000%
                 30 Days       0.000000%    0.000000%    30 Days     0.000000%    0.000000%
                 60 Days       0.000000%    0.000000%    60 Days     0.000000%    0.000000%
                 90 Days       0.000000%    0.000000%    90 Days     0.000000%    0.000000%
                 120 Days      0.000000%    0.000000%    120 Days    0.000000%    0.000000%
                 150 Days      0.000000%    0.000000%    150 Days    0.000000%    0.000000%
                 180+ Days     0.000000%    0.000000%    180+ Days   0.000000%    0.000000%
                               ----------------------                ----------------------
                               0.000000%    0.000000%                0.000000%    0.000000%
</TABLE>

                                     GROUP 2

<TABLE>
<CAPTION>
                   DELINQUENT                                 BANKRUPTCY                     FORECLOSURE
                   ----------                                 ----------                     -----------
               No. of     Principal                 No. of     Principal                   No. of     Principal
               Loans       Balance                  Loans       Balance                     Loans      Balance
<S>          <C>          <C>         <C>          <C>        <C>           <C>           <C>         <C>
0-29 Days        0             0.00   0-29 Days        0           0.00     0-29 Days         0          0.00
30 Days          0             0.00   30 Days          0           0.00     30 Days           0          0.00
60 Days          0             0.00   60 Days          0           0.00     60 Days           0          0.00
90 Days          0             0.00   90 Days          0           0.00     90 Days           0          0.00
120 Days         0             0.00   120 Days         0           0.00     120 Days          0          0.00
150 Days         0             0.00   150 Days         0           0.00     150 Days          0          0.00
180+ Days        0             0.00   180+ Days        0           0.00     180+ Days         0          0.00
             -----------------------                ---------------------                 ---------------------
                 0             0.00                    0           0.00                       0          0.00

               No. of     Principal                 No. of     Principal                   No. of     Principal
               Loans        Balance                 Loans       Balance                     Loans     Balance

0-29 Days    0.000000%     0.000000%  0-29 Days    0.000000%    0.000000%   0-29 Days     0.000000%   0.000000%
30 Days      0.000000%     0.000000%  30 Days      0.000000%    0.000000%   30 Days       0.000000%   0.000000%
60 Days      0.000000%     0.000000%  60 Days      0.000000%    0.000000%   60 Days       0.000000%   0.000000%
90 Days      0.000000%     0.000000%  90 Days      0.000000%    0.000000%   90 Days       0.000000%   0.000000%
120 Days     0.000000%     0.000000%  120 Days     0.000000%    0.000000%   120 Days      0.000000%   0.000000%
150 Days     0.000000%     0.000000%  150 Days     0.000000%    0.000000%   150 Days      0.000000%   0.000000%
180+ Days    0.000000%     0.000000%  180+ Days    0.000000%    0.000000%   180+ Days     0.000000%   0.000000%
             -----------------------                ---------------------                 ---------------------
             0.000000%     0.000000%               0.000000%    0.000000%                 0.000000%   0.000000%
</TABLE>

<TABLE>
<CAPTION>
                                    REO                                           TOTAL
                                    ---                                           -----
                              No. of      Principal                       No. of        Principal
                               Loans       Balance                         Loans        Balance
<S>             <C>          <C>          <C>             <C>             <C>           <C>
                0-29 Days        0             0.00       0-29 Days           0             0.00
                30 Days          0             0.00       30 Days             0             0.00
                60 Days          0             0.00       60 Days             0             0.00
                90 Days          0             0.00       90 Days             0             0.00
                120 Days         0             0.00       120 Days            0             0.00
                150 Days         0             0.00       150 Days            0             0.00
                180+ Days        0             0.00       180+ Days           0             0.00
                              -----------------------                    ------------------------
                                 0             0.00                           0             0.00

                               No. of      Principal                       No. of       Principal
                                Loans       Balance                         Loans        Balance

                 0-29 Days    0.000000%     0.000000%     0-29 Days       0.000000%     0.000000%
                 30 Days      0.000000%     0.000000%     30 Days         0.000000%     0.000000%
                 60 Days      0.000000%     0.000000%     60 Days         0.000000%     0.000000%
                 90 Days      0.000000%     0.000000%     90 Days         0.000000%     0.000000%
                 120 Days     0.000000%     0.000000%     120 Days        0.000000%     0.000000%
                 150 Days     0.000000%     0.000000%     150 Days        0.000000%     0.000000%
                 180+ Days    0.000000%     0.000000%     180+ Days       0.000000%     0.000000%
                              -----------------------                    ------------------------
                              0.000000%     0.000000%                     0.000000%     0.000000%
</TABLE>
<PAGE>
                                     Group 3

<TABLE>
<CAPTION>
                   DELINQUENT                              BANKRUPTCY                         FORECLOSURE
                   ----------                              ----------                         -----------
                 No. of     Principal                  No. of     Principal                 No. of       Principal
                 Loans       Balance                    Loans      Balance                   Loans         Balance
<S>           <C>           <C>          <C>           <C>        <C>         <C>           <C>          <C>
0-29 Days          0              0.00   0-29 Days        0           0.00    0-29 Days         0             0.00
30 Days            1        116,000.00   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
               -----------------------                 ---------------------                -----------------------
                   1        116,000.00                    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        0.757576%     0.263583%    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%
               -----------------------                 ---------------------                -----------------------
               0.757576%     0.263583%                 0.000000%   0.000000%                0.000000%     0.000000%
</TABLE>

<TABLE>
<CAPTION>
                                       REO                                           TOTAL
                                       ---                                           -----
                                  No. of     Principal                    No. of     Principal
                                  Loans        Balance                     Loans      Balance
<S>                <C>          <C>          <C>           <C>          <C>          <C>
                   0-29 Days         0            0.00     0-29 Days         0             0.00
                   30 Days           0            0.00     30 Days           1       116,000.00
                   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                       1       116,000.00

                                  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       0.757576%     0.263583%
                   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%                 0.757576%     0.263583%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                               Mixed Arm
<S>                                                             <C>
Weighted Average Gross Coupon                                        3.387550%
Weighted Average Net Coupon                                          3.017126%
Weighted Average Pass-Through Rate                                   3.008126%
Weighted Average Maturity (Stepdown Calculation)                           320

Beginning Scheduled Collateral Loan Count                                1,434
Number of Loans Paid in Full                                                30
Ending Scheduled Collateral Loan Count                                   1,404

Beginning Scheduled Collateral Balance                          547,637,953.05
Ending Scheduled Collateral Balance                             534,938,535.34
Ending Actual Collateral Balance at 30-June-2003                534,929,803.43

Monthly P&I Constant                                              1,545,959.09
Special Servicing Fee                                                     0.00
Prepayment Penalties                                                      0.00
Realization Loss Amount                                                   0.00
Cumulative Realized Loss                                                  0.00

Class A Optimal Amount                                           14,010,566.29

Ending Scheduled Balance for Premium Loans                      534,938,535.34

Scheduled Principal                                                       0.00
Unscheduled Principal                                            12,699,417.71
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                  <C>
One Month Libor Loan Balance                         177,694,561.75
Six Month Libor Loan Balance - POOL 1                 58,622,045.63
Six Month Libor Loan Balance - POOL 2                254,610,516.84
Six Month Libor Loan Balance - POOL 3                 44,011,411.12
Pro Rata Senior Percent                                  95.735444%
Senior Percentage                                       100.000000%
Senior Prepay Percentage                                100.000000%
Subordinate Percentage                                    0.000000%
Subordinate Prepayment Percentage                         0.000000%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 GROUP                             1                    2              3                    TOTAL
<S>                                        <C>               <C>                 <C>                 <C>
Collateral Description                         Mixed ARM          Mixed ARM          Mixed ARM            Mixed ARM
Weighted Average Coupon Rate                    5.526672           3.077315           3.384384             3.387550
Weighted Average Net Rate                       5.276672           2.689886           3.009384             3.017126
Pass-Through Rate                               5.267672           2.680886           3.000384             3.008126
Weighted Average Maturity                            344                311                348                  320
Record Date                                   06/30/2003         06/30/2003         06/30/2003           06/30/2003
Principal and Interest Constant               293,020.56       1,123,798.47         129,140.06         1,545,959.09
Beginning Loan Count                                 129              1,167                138                1,434
Loans Paid in Full                                    10                 14                  6                   30
Ending Loan Count                                    119              1,153                132                1,404
Beginning Scheduled Balance                63,623,217.63     438,225,578.33      45,789,157.09       547,637,953.05
Ending Scheduled Balance                   58,622,045.63     432,305,078.59      44,011,411.12       534,938,535.34
Scheduled Principal                                 0.00               0.00               0.00                 0.00
Unscheduled Principal                       5,001,172.00       5,920,499.74       1,777,745.97        12,699,417.71
Scheduled Interest                            293,020.56       1,123,798.47         129,140.06         1,545,959.09
Servicing Fee                                  13,254.84         141,484.37          14,309.11           169,048.32
Master Servicing Fee                              477.17           3,286.69             343.42             4,107.28
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                                  279,288.55          979,027.41        114,487.53         1,372,803.49
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 2002-9
                           RECORD DATE: JUNE 30, 2003
                        DISTRIBUTION DATE: JULY 21, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                                Certificate
                   Certificate     Pass-       Beginning                                 Current       Ending
                     Class        Through     Certificate      Interest     Principal    Realized    Certificate
 Class    CUSIP    Description      Rate        Balance      Distribution  Distribution    Loss        Balance
 -----    -----    -----------      ----        -------      ------------  ------------    ----        -------
<S>     <C>        <C>          <C>          <C>             <C>           <C>           <C>       <C>
   1A   81743SAA8     SEN         1.45375%   361,540,619.77    437,991.40  4,696,413.78    0.00    356,844,205.99
   2A   81743SAB6     SEN         2.99084%   139,105,872.60    346,702.38    911,454.20    0.00    138,194,418.40
  X-1A  81743SAC4     IO          1.20174%             0.00    193,571.93          0.00    0.00              0.00
  X-1B  81743SAD2     IO          1.24625%             0.00    174,752.34          0.00    0.00              0.00
  X-B   81743SAE0     IO          0.91896%             0.00      5,917.44          0.00    0.00              0.00
  A-R   81743SAF7     SEN         3.16138%             0.00          0.00          0.00    0.00              0.00
  B-1   81743SAG5     SUB         1.85375%     7,702,000.00     11,897.99          0.00    0.00      7,702,000.00
  B-2   81743SAH3     SUB         2.77271%     4,564,000.00     10,545.53          0.00    0.00      4,564,000.00
  B-3   81743SAJ9     SUB         2.77271%     3,424,000.00      7,911.46          0.00    0.00      3,424,000.00
  B-4   SMT0209B4     SUB         2.77271%     1,426,000.00      3,294.90          0.00    0.00      1,426,000.00
  B-5   SMR0209B5     SUB         2.77271%       856,000.00      1,977.86          0.00    0.00        856,000.00
  B-6   SMT0209B6     SUB         2.77271%     1,997,086.78      4,614.45          0.00    0.00      1,997,086.78
  ---   ---------     ---         -------      ------------      --------          ----    ----      ------------
Totals                                       520,615,579.15  1,199,177.68  5,607,867.98    0.00    515,007,711.17
                                             --------------  ------------  ------------    ----    --------------
</TABLE>

<TABLE>
<CAPTION>

                       Cumulative
            Total      Realized
 Class   Distribution    Loss
 -----   ------------    ----
<S>      <C>              <C>
   1A    5,134,405.18     0.00
   2A    1,258,156.58     0.00
  X-1A     193,571.93     0.00
  X-1B     174,752.34     0.00
  X-B        5,917.44     0.00
  A-R            0.00     0.00
  B-1       11,897.99     0.00
  B-2       10,545.53     0.00
  B-3        7,911.46     0.00
  B-4        3,294.90     0.00
  B-5        1,977.86     0.00
  B-6        4,614.45     0.00
  ---    ------------     ----
Totals   6,807,045.66     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>
           Original        Beginning       Scheduled   Unscheduled                            Total        Ending
             Face         Certificate      Principal    Principal               Realized    Principal    Certificate
  Class     Amount         Balance       Distribution  Distribution  Accretion  Loss (1)    Reduction      Balance
  -----     ------         -------       ------------  ------------  ---------  --------    ---------      -------
<S>      <C>             <C>             <C>           <C>           <C>        <C>       <C>           <C>
   1A    381,698,000.00  361,540,619.77      0.00      4,696,413.78    0.00        0.00   4,696,413.78   356,844,205.99
   2A    168,875,000.00  139,105,872.60      0.00        911,454.20    0.00        0.00     911,454.20   138,194,418.40
  X-1A             0.00            0.00      0.00              0.00    0.00        0.00           0.00             0.00
  X-1B             0.00            0.00      0.00              0.00    0.00        0.00           0.00             0.00
  X-B              0.00            0.00      0.00              0.00    0.00        0.00           0.00             0.00
  A-R            100.00            0.00      0.00              0.00    0.00        0.00           0.00             0.00
  B-1      7,702,000.00    7,702,000.00      0.00              0.00    0.00        0.00           0.00     7,702,000.00
  B-2      4,564,000.00    4,564,000.00      0.00              0.00    0.00        0.00           0.00     4,564,000.00
  B-3      3,424,000.00    3,424,000.00      0.00              0.00    0.00        0.00           0.00     3,424,000.00
  B-4      1,426,000.00    1,426,000.00      0.00              0.00    0.00        0.00           0.00     1,426,000.00
  B-5        856,000.00      856,000.00      0.00              0.00    0.00        0.00           0.00       856,000.00
  B-6      1,997,086.78    1,997,086.78      0.00              0.00    0.00        0.00           0.00     1,997,086.78
  ---    --------------  --------------      ----      ------------    ----        ----   ------------  ---------------
Totals   570,533,186.78  520,615,579.15      0.00      5,607,867.98    0.00        0.00   5,607,867.98   515,007,711.17
         --------------  --------------      ----      ------------    ----        ----   ------------  ---------------
</TABLE>

<TABLE>
<CAPTION>
            Ending          Total
          Certificate     Principal
  Class   Percentage     Distribution
  -----   ----------     ------------
<S>       <C>           <C>
   1A      0.93490828   4,696,413.78
   2A      0.81832372     911,454.20
  X-1A     0.00000000           0.00
  X-1B     0.00000000           0.00
  X-B      0.00000000           0.00
  A-R      0.00000000           0.00
  B-1      1.00000000           0.00
  B-2      1.00000000           0.00
  B-3      1.00000000           0.00
  B-4      1.00000000           0.00
  B-5      1.00000000           0.00
  B-6      1.00000000           0.00
 ----      ----------   ------------
Totals     0.90267792   5,607,867.98
           ----------   ------------
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT
<TABLE>
<CAPTION>
       Original         Beginning        Scheduled      Unscheduled                              Total        Ending
         Face          Certificate       Principal       Principal                 Realized    Principal    Certificate
Class   Amount           Balance        Distribution    Distribution  Accretion     Loss (3)   Reduction      Balance
-----   ------           -------        ------------    ------------  ---------     --------   ---------      -------
<S>    <C>             <C>              <C>             <C>           <C>         <C>         <C>          <C>
  1A   381,698,000.00   947.21257298      0.00000000     12.30429428  0.00000000  0.00000000  12.30429428   934.90827870
  2A   168,875,000.00   823.72093323      0.00000000      5.39721214  0.00000000  0.00000000   5.39721214   818.32372110
 X-1A            0.00     0.00000000      0.00000000      0.00000000  0.00000000  0.00000000   0.00000000     0.00000000
 X-1B            0.00     0.00000000      0.00000000      0.00000000  0.00000000  0.00000000   0.00000000     0.00000000
 X-B             0.00     0.00000000      0.00000000      0.00000000  0.00000000  0.00000000   0.00000000     0.00000000
 A-R           100.00     0.00000000      0.00000000      0.00000000  0.00000000  0.00000000   0.00000000     0.00000000
 B-1     7,702,000.00  1000.00000000      0.00000000      0.00000000  0.00000000  0.00000000   0.00000000  1000.00000000
 B-2     4,564,000.00  1000.00000000      0.00000000      0.00000000  0.00000000  0.00000000   0.00000000  1000.00000000
 B-3     3,424,000.00  1000.00000000      0.00000000      0.00000000  0.00000000  0.00000000   0.00000000  1000.00000000
 B-4     1,426,000.00  1000.00000000      0.00000000      0.00000000  0.00000000  0.00000000   0.00000000  1000.00000000
 B-5       856,000.00  1000.00000000      0.00000000      0.00000000  0.00000000  0.00000000   0.00000000  1000.00000000
 B-6     1,997,086.78  1000.00000000      0.00000000      0.00000000  0.00000000  0.00000000   0.00000000  1000.00000000
</TABLE>

<TABLE>
<CAPTION>
            Ending       Total
         Certificate   Principal
Class     Percentage  Distribution
-----     ----------  ------------
<S>      <C>          <C>
  1A      0.93490828  12.30429428
  2A      0.81832372   5.39721214
 X-1A     0.00000000   0.00000000
 X-1B     0.00000000   0.00000000
 X-B      0.00000000   0.00000000
 A-R      0.00000000   0.00000000
 B-1      1.00000000   0.00000000
 B-2      1.00000000   0.00000000
 B-3      1.00000000   0.00000000
 B-4      1.00000000   0.00000000
 B-5      1.00000000   0.00000000
 B-6      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-
           Original       Current     Certificate/     Current       Unpaid     Current   Supported               Total
            Face        Certificate     Notional       Accrued      Interest   Interest    Interest  Realized    Interest
 Class      Amount          Rate        Balance        Interest    Shortfall   Shortfall  Shortfall  Loss (4)  Distribution
 -----      ------          ----        -------        --------    ---------   ---------  ---------  --------  ------------
<S>     <C>             <C>          <C>             <C>           <C>         <C>        <C>        <C>       <C>
  1A    381,698,000.00    1.45375%   361,540,619.77    437,991.40     0.00        0.00       0.00      0.00      437,991.40
  2A    168,875,000.00    2.99084%   139,105,872.60    346,702.39     0.00        0.00       0.00      0.00      346,702.38
 X-1A             0.00    1.20174%   193,282,052.75    193,561.81     0.00        0.00       0.00      0.00      193,571.93
 X-1B             0.00    1.24625%   168,258,567.02    174,743.21     0.00        0.00       0.00      0.00      174,752.34
  X-B             0.00    0.91896%     7,702,000.00      5,898.18     0.00        0.00       0.00      0.00        5,917.44
  A-R           100.00    3.16138%             0.00          0.00     0.00        0.00       0.00      0.00            0.00
  B-1     7,702,000.00    1.85375%     7,702,000.00     11,897.99     0.00        0.00       0.00      0.00       11,897.99
  B-2     4,564,000.00    2.77271%     4,564,000.00     10,545.53     0.00        0.00       0.00      0.00       10,545.53
  B-3     3,424,000.00    2.77271%     3,424,000.00      7,911.46     0.00        0.00       0.00      0.00        7,911.46
  B-4     1,426,000.00    2.77271%     1,426,000.00      3,294.90     0.00        0.00       0.00      0.00        3,294.90
  B-5       856,000.00    2.77271%       856,000.00      1,977.86     0.00        0.00       0.00      0.00        1,977.86
  B-6     1,997,086.78    2.77271%     1,997,086.78      4,614.45     0.00        0.00       0.00      0.00        4,614.45
  ---   --------------    -------    --------------  ------------     ----        ----       ----      ----    ------------
Totals  570,533,186.78                               1,199,139.18     0.00        0.00       0.00      0.00    1,199,177.68
        --------------                               ------------     ----        ----       ----      ----    ------------
</TABLE>

<TABLE>
<CAPTION>
          Remaining      Ending
           Unpaid     Certificate/
          Interest     Notational
 Class    Shortfall      Balance
 -----    ---------      -------
<S>       <C>        <C>
  1A        0.00     356,844,205.99
  2A        0.00     138,194,418.40
 X-1A       0.00     191,158,118.00
 X-1B       0.00     165,686,087.99
  X-B       0.00       7,702,000.00
  A-R       0.00               0.00
  B-1       0.00       7,702,000.00
  B-2       0.00       4,564,000.00
  B-3       0.00       3,424,000.00
  B-4       0.00       1,426,000.00
  B-5       0.00         856,000.00
  B-6       0.00       1,997,086.78
  ---       ----       ------------
Totals      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.

                     INTEREST DISTRIBUTION FACTORS STATEMENT
<TABLE>
<CAPTION>
                                                                       Payment of                Non-
            Original         Current       Beginning       Current       Unpaid     Current    Supported
 Class        Face         Certificate   Certificate/      Accrued      Interest    Interest   Interest      Realized
 (5)         Amount            Rate     Notional Balance   Interest     Shortfall  Shortfall   Shortfall     Loss (6)
 ---         ------            ----     ----------------   --------     ---------  ---------   ---------     --------
<S>        <C>             <C>          <C>               <C>          <C>         <C>         <C>          <C>
   1A      381,698,000.00   1.45375%       947.21257298    1.14750857  0.00000000  0.00000000   0.00000000   0.00000000
   2A      168,875,000.00   2.99084%       823.72093323    2.05301193  0.00000000  0.00000000   0.00000000   0.00000000
  X-1A               0.00   1.20174%       948.54698756    0.94991992  0.00000000  0.00000000   0.00000000   0.00000000
  X-1B               0.00   1.24625%       945.68432981    0.98213077  0.00000000  0.00000000   0.00000000   0.00000000
   X-B               0.00   0.91896%      1000.00000000    0.76579849  0.00000000  0.00000000   0.00000000   0.00000000
   A-R             100.00   3.16138%         0.00000000    0.00000000  0.00000000  0.00000000   0.00000000   0.00000000
   B-1       7,702,000.00   1.85375%      1000.00000000    1.54479226  0.00000000  0.00000000   0.00000000   0.00000000
   B-2       4,564,000.00   2.77271%      1000.00000000    2.31058940  0.00000000  0.00000000   0.00000000   0.00000000
   B-3       3,424,000.00   2.77271%      1000.00000000    2.31058995  0.00000000  0.00000000   0.00000000   0.00000000
   B-4       1,426,000.00   2.77271%      1000.00000000    2.31058906  0.00000000  0.00000000   0.00000000   0.00000000
   B-5         856,000.00   2.77271%      1000.00000000    2.31058411  0.00000000  0.00000000   0.00000000   0.00000000
   B-6       1,997,086.78   2.77271%      1000.00000000    2.31059063  0.00000000  0.00000000   0.00000000   0.00000000
</TABLE>

<TABLE>
<CAPTION>
                            Remaining     Ending
                Total         Unpaid    Certificate/
 Class         Interest      Interest    Notational
 (5)         Distribution    Shortfall    Balance
 ---         ------------    ---------    -------
<S>          <C>           <C>          <C>
   1A        1.14750857     0.00000000   934.90827870
   2A        2.05301187     0.00000000   818.32372110
  X-1A       0.94996958     0.00000000   938.12360950
  X-1B       0.98218208     0.00000000   931.22590935
   X-B       0.76829914     0.00000000  1000.00000000
   A-R       0.00000000     0.00000000     0.00000000
   B-1       1.54479226     0.00000000  1000.00000000
   B-2       2.31058940     0.00000000  1000.00000000
   B-3       2.31058995     0.00000000  1000.00000000
   B-4       2.31058906     0.00000000  1000.00000000
   B-5       2.31058411     0.00000000  1000.00000000
   B-6       2.31059063     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                              6,973,822.89
         Liquidations, Insurance Proceeds, Reserve Funds                        38.51
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                   1,129.88
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                         ------------
Total Deposits                                                           6,974,991.28

Withdrawals

         Reimbursement for Servicer Advances                                 1,129.88
         Payment of Service Fee                                            166,815.74
         Payment of Interest and Principal                               6,807,045.66
                                                                         ------------
Total Withdrawals (Pool Distribution Amount)                             6,974,991.28

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                                                        162,911.11
Master Servicing Fee                                                         3,904.63
Supported Prepayment/Curtailment Interest Shortfall                              0.00
                                                                           ----------
Net Servicing Fee                                                          166,815.74
                                                                           ==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                                                 Beginning          Current          Current       Ending
                Account Type                      Balance         Withdrawals       Deposits       Balance
                ------------                      -------         -----------       --------       -------
<S>                                              <C>              <C>               <C>           <C>
        X-1 Basis Risk Reserve Fund              5,000.00            19.25            19.25       5,000.00
        X-2 Basis Risk Reserve Fund              5,000.00            19.26            19.26       5,000.00

</TABLE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
<TABLE>
<CAPTION>

            DELINQUENT                           BANKRUPTCY
--------------------------------   -----------------------------------
            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       1         451,952.78   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
            -----        -------                  -----      -------
              1         451,952.78                  0           0.00
</Table>
<Table>
<Caption>

              No. of     Principal                 No. of    Principal
              Loans       Balance                  Loans      Balance

<S>         <C>         <C>          <C>         <C>        <C>
0-29 Days   0.000000%    0.000000%   0-29 Days   0.000000%   0.000000%
30 Days     0.071429%    0.087758%   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%
            ---------    ---------               ---------   ---------
            0.071429%    0.087758%               0.000000%   0.000000%

</TABLE>

<TABLE>
<CAPTION>

            FORECLOSURE                           REO                                TOTAL
----------------------------------   --------------------------------    ---------------------------------

               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        1        451,952.78
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                    1        451,952.78
</Table>
<Table>
<Caption>
              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   0.000000%    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     0.071429%     0.087758%
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%               0.071429%     0.087758%

Current Period Class A Insufficient Funds:           0.00
Principal Balance of Contaminated Properties         0.00
Periodic Advance                                 1,129.88

</TABLE>
<PAGE>
<TABLE>
<CAPTION>

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

<S>           <C>                   <C>              <C>                  <C>                  <C>                <C>
 Class A      570,533,086.78        99.99998247%     515,007,711.17       100.00000000%          96.122565%           0.000000%
Class 1A      188,844,086.78        33.09957968%     158,163,505.18        30.71090039%          69.289100%       1,786.983100%
Class 2A       19,969,086.78         3.50007453%      19,969,086.78         3.87743452%          26.833466%         692.041754%
Class B-1      12,267,086.78         2.15010924%      12,267,086.78         2.38192293%           1.495512%          38.569616%
Class B-2       7,703,086.78         1.35015578%       7,703,086.78         1.49572261%           0.886200%          22.855327%
Class B-3       4,279,086.78         0.75001540%       4,279,086.78         0.83087820%           0.664844%          17.146503%
Class B-4       2,853,086.78         0.50007376%       2,853,086.78         0.55398914%           0.276889%           7.141038%
Class B-5       1,997,086.78         0.35003867%       1,997,086.78         0.38777803%           0.166211%           4.286626%
Class B-6               0.00         0.00000000%               0.00         0.00000000%           0.387778%          10.000892%
</TABLE>

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

<TABLE>
<CAPTION>

                     Original $          Original %       Current $           Current %
                     ----------          ----------       ---------           ---------
<S>                <C>                  <C>            <C>                  <C>
    Bankruptcy        100,000.00        0.01752746%       100,000.00        0.01941718%
         Fraud     17,115,996.00        3.00000007%    17,115,996.00        3.32344461%
Special Hazard      6,000,000.00        1.05164785%     5,998,492.48        1.16473838%

</TABLE>

Limit of subordinate's exposure to certain types of losses
<PAGE>
                           DELINQUENCY STATUS BY GROUP

                                     GROUP 1
<TABLE>
<CAPTION>
            DELINQUENT                            BANKRUPTCY
-----------------------------------   -----------------------------------
               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          1       451,952.78   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
            --------     --------                 --------     --------
                 1       451,952.78                   0             0.00
</TABLE>

<TABLE>
<CAPTION>
              No. of     Principal                  No. of     Principal
              Loans       Balance                   Loans       Balance
<S>         <C>         <C>          <C>         <C>          <C>
0-29 Days   0.000000%    0.000000%    0-29 Days   0.000000%    0.000000%
30 Days     0.102881%    0.121923%    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%
            --------     --------                 --------     --------
            0.102881%    0.121923%                0.000000%    0.000000%
</TABLE>

<TABLE>
<CAPTION>
            FORECLOSURE                             REO                              TOTAL
-----------------------------------   ----------------------------------   ----------------------------------
              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       1         451,952.78
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                   1         451,952.78
</TABLE>

<TABLE>
<CAPTION>
             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   0.000000%     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     0.102881%   0.121923%
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%               0.102881%   0.121923%
</TABLE>

                                     GROUP 2
<TABLE>
<CAPTION>
            DELINQUENT                           BANKRUPTCY
----------------------------------   ----------------------------------
             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
</TABLE>

<TABLE>
<CAPTION>
             No. of      Principal                 No. of     Principal
              Loans       Balance                  Loans       Balance
<S>         <C>         <C>         <C>         <C>          <C>
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>

<TABLE>
<CAPTION>

           FORECLOSURE                             REO                               TOTAL
---------------------------------   --------------------------------   ---------------------------------
             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
</TABLE>

<TABLE>
<CAPTION>
              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   0.000000%   0.000000%   0-29 Days   0.000000%  0.000000%   0-29 Days   0.000000%   0.000000%
30 Days     0.000000%   0.000000%   30 Days     0.000000%  0.000000%   30 Days     0.000000%   0.000000%
60 Days     0.000000%   0.000000%   60 Days     0.000000%  0.000000%   60 Days     0.000000%   0.000000%
90 Days     0.000000%   0.000000%   90 Days     0.000000%  0.000000%   90 Days     0.000000%   0.000000%
120 Days    0.000000%   0.000000%   120 Days    0.000000%  0.000000%   120 Days    0.000000%   0.000000%
150 Days    0.000000%   0.000000%   150 Days    0.000000%  0.000000%   150 Days    0.000000%   0.000000%
180+ Days   0.000000%   0.000000%   180+ Days   0.000000%  0.000000%   180+ Days   0.000000%   0.000000%
            --------    --------                --------   --------                --------    --------
            0.000000%   0.000000%               0.000000%  0.000000%               0.000000%   0.000000%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT
<TABLE>
<CAPTION>
Collateral Description                                         Mixed Arm
<S>                                                      <C>
Weighted Average Gross Coupon                                  3.148476%
Weighted Average Net Coupon                                    2.772972%
Weighted Average Pass-Through Rate                             2.763972%
Weighted Average Maturity (Stepdown Calculation)                    322

Beginning Scheduled Collateral Loan Count                         1,414
Number of Loans Paid in Full                                         14
Ending Scheduled Collateral Loan Count                            1,400
Beginning Scheduled Collateral Balance                   520,615,579.16
Ending Scheduled Collateral Balance                      515,007,711.18
Ending Actual Collateral Balance at 30-June-2003         515,000,957.59

Monthly P&I Constant                                       1,365,954.91
Special Servicing Fee                                              0.00
Prepayment Penalties                                               0.00
Realization Loss Amount                                            0.00
Cumulative Realized Loss                                           0.00

Class A Optimal Amount                                     6,760,866.79

Ending Scheduled Balance for Premium Loans               515,007,711.18

Scheduled Principal                                                0.00
Unscheduled Principal                                      5,607,867.98
</TABLE>

                            MISCELLANEOUS REPORTING
<TABLE>
<S>                                                                 <C>
Pro Rata Senior Percent                                              96.164332%
Senior Percentage                                                   100.000000%
Senior Prepay Percentage                                            100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 GROUP                             1                       2                      TOTAL
<S>                                       <C>                      <C>                      <C>
Collateral Description                          Mixed ARM             6 Month ARM                Mixed ARM
Weighted Average Coupon Rate                    3.060901                 3.374836                 3.148476
Weighted Average Net Rate                       2.685202                 2.999836                 2.772972
Pass-Through Rate                               2.676202                 2.990836                 2.763972
Weighted Average Maturity                            306                      348                      322
Record Date                                   06/30/2003               06/30/2003               06/30/2003
Principal and Interest Constant               957,512.92               408,441.99             1,365,954.91
Beginning Loan Count                                 982                      432                    1,414
Loans Paid in Full                                    10                        4                       14
Ending Loan Count                                    972                      428                    1,400
Beginning Scheduled Balance               375,384,706.56           145,230,872.60           520,615,579.16
Ending Scheduled Balance                  370,688,292.78           144,319,418.40           515,007,711.18
Scheduled Principal                                 0.00                     0.00                     0.00
Unscheduled Principal                       4,696,413.78               911,454.20             5,607,867.98
Scheduled Interest                            957,512.92               408,441.99             1,365,954.91
Servicing Fee                                 117,526.47                45,384.64               162,911.11
Master Servicing Fee                            2,815.40                 1,089.23                 3,904.63
Trustee Fee                                         0.00                     0.00                     0.00
FRY Amount                                          0.00                     0.00                     0.00
Special Hazard Fee                                  0.00                     0.00                     0.00
Other Fee                                           0.00                     0.00                     0.00
Pool Insurance Fee                                  0.00                     0.00                     0.00
Spread 1                                            0.00                     0.00                     0.00
Spread 2                                            0.00                     0.00                     0.00
Spread 3                                            0.00                     0.00                     0.00
Net Interest                                  837,171.05               361,968.12             1,199,139.17
Realized Loss Amount                                0.00                     0.00                     0.00
Cumulative Realized Loss                            0.00                     0.00                     0.00
Percentage of Cumulative Losses                     0.00                     0.00                     0.00
Prepayment Penalties                                0.00                     0.00                     0.00
Special Servicing Fee                               0.00                     0.00                     0.00
</TABLE>

                            MISCELLANEOUS REPORTING
<TABLE>
<CAPTION>
Group 1
<S>                                                              <C>
One Month LIBOR Loans                                            198,574,266.37
Six Month LIBOR Loans                                            172,114,026.41
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]