Document:

<PAGE>

                                                                    EXHIBIT 10.1

CONTACT:   CUSTOMER SERVICES -- CTSLINK
           WELLS FARGO BANK MINNESOTA, N.A.
           SECURITIES ADMINISTRATION SERVICES
           7485 NEW HORIZON WAY
           FREDERICK, MD  21703
           WWW.CTSLINK.COM
           TELEPHONE:      (301) 815-6600
           FAX:            (301) 315-6660

                                SMT SERIES 2003-4
                           RECORD DATE: JULY 31, 2003
                       DISTRIBUTION DATE: AUGUST 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY
<TABLE>
<CAPTION>
                          Certificate                               Beginning
                             Class            Certificate          Certificate           Interest           Principal
Class         CUSIP       Description      Pass-Through Rate         Balance           Distribution        Distribution
-----------------------------------------------------------------------------------------------------------------------
<S>         <C>           <C>              <C>                   <C>                  <C>                 <C>
1-A-1       81743PBH8         SEN                1.41000%        148,641,000.00         122,257.22          392,846.40
1-A-2       81743PBJ4         SEN                1.45375%        150,000,000.00         127,203.12          259,896.70
1-X-1A      81743PBM7         IO                 1.48492%                  0.00          87,067.22                0.00
1-X-1B      81743PBN5         IO                 1.48890%                  0.00          97,125.50                0.00
1-X-2       81743PBP0         IO                 1.45467%                  0.00         181,833.89                0.00
1-X-B       81743PBQ8         IO                 1.24815%                  0.00           4,019.05                0.00
1-A-R       81743PBL9          R                 2.47401%                100.00               0.21              100.00
1-B-1       81743PBK1         SUB                1.75000%          3,864,000.00           3,944.50                0.00
1-B-2       81743PBR6         SUB                2.47315%          2,628,000.00           5,416.20                0.00
1-B-3       81743PBS4         SUB                2.47315%          1,546,000.00           3,186.24                0.00
1-B-4       81743PBT2         SUB                2.47315%            773,000.00           1,593.12                0.00
1-B-5       81743PBU9         SUB                2.47315%            464,000.00             956.29                0.00
1-B-6       81743PBV7         SUB                2.47315%          1,236,668.87           2,548.72                0.00
2-A-1       81743PBW5         SEN                1.45000%        189,415,000.00         160,213.52        1,402,065.48
2-M-1       81743PBX3         MEZ                1.57000%          9,986,000.00           9,145.51                0.00
2-X-1       81743PCA2         IO                 1.40638%                  0.00         221,991.14                0.00
2-X-M       81743PCB0         IO                 1.32238%                  0.00          11,004.40                0.00
2-X-B       81743PCC8         IO                 1.19638%                  0.00           2,359.86                0.00
2-A-R       81743PBZ8          R                 2.42138%                100.00               0.20              100.00
2-B-1       81743PBY1         SUB                1.75000%          2,367,000.00           2,416.31                0.00
2-B-2       81743PCD6         SUB                2.42138%            824,000.00           1,662.68                0.00
2-B-3       81743PCE4         SUB                2.42138%          1,235,000.00           2,492.00                0.00
2-B-4       81743PCF1         SUB                2.42138%            618,000.00           1,247.01                0.00
2-B-5       81743PCG9         SUB                2.42138%            515,000.00           1,039.18                0.00
2-B-6       81743PCH7         SUB                2.42138%            926,589.00           1,869.69                0.00
-----------------------------------------------------------------------------------------------------------------------
Totals                                                           515,039,457.87       1,052,592.78        2,055,008.58
-----------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>

               Current      Ending Certificate            Total             Cumulative
Class       Realized Loss         Balance             Distribution         Realized Loss
----------------------------------------------------------------------------------------
<S>         <C>             <C>                      <C>                   <C>
1-A-1            0.00         148,248,153.60           515,103.62                0.00
1-A-2            0.00         149,740,103.30           387,099.82                0.00
1-X-1A           0.00                   0.00            87,067.22                0.00
1-X-1B           0.00                   0.00            97,125.50                0.00
1-X-2            0.00                   0.00           181,833.89                0.00
1-X-B            0.00                   0.00             4,019.05                0.00
1-A-R            0.00                   0.00               100.21                0.00
1-B-1            0.00           3,864,000.00             3,944.50                0.00
1-B-2            0.00           2,628,000.00             5,416.20                0.00
1-B-3            0.00           1,546,000.00             3,186.24                0.00
1-B-4            0.00             773,000.00             1,593.12                0.00
1-B-5            0.00             464,000.00               956.29                0.00
1-B-6            0.00           1,236,668.87             2,548.72                0.00
2-A-1            0.00         188,012,934.52         1,562,279.00                0.00
2-M-1            0.00           9,986,000.00             9,145.51                0.00
2-X-1            0.00                   0.00           221,991.14                0.00
2-X-M            0.00                   0.00            11,004.40                0.00
2-X-B            0.00                   0.00             2,359.86                0.00
2-A-R            0.00                   0.00               100.20                0.00
2-B-1            0.00           2,367,000.00             2,416.31                0.00
2-B-2            0.00             824,000.00             1,662.68                0.00
2-B-3            0.00           1,235,000.00             2,492.00                0.00
2-B-4            0.00             618,000.00             1,247.01                0.00
2-B-5            0.00             515,000.00             1,039.18                0.00
2-B-6            0.00             926,589.00             1,869.69                0.00
----------------------------------------------------------------------------------------
Totals           0.00         512,984,449.29         3,107,601.36                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-A-1            148,641,000.00        148,641,000.00              0.00           392,846.40          0.00           0.00
   1-A-2            150,000,000.00        150,000,000.00              0.00           259,896.70          0.00           0.00
   1-X-1A                     0.00                  0.00              0.00                 0.00          0.00           0.00
   1-X-1B                     0.00                  0.00              0.00                 0.00          0.00           0.00
   1-X-2                      0.00                  0.00              0.00                 0.00          0.00           0.00
   1-X-B                      0.00                  0.00              0.00                 0.00          0.00           0.00
   1-A-R                    100.00                100.00              0.00               100.00          0.00           0.00
   1-B-1              3,864,000.00          3,864,000.00              0.00                 0.00          0.00           0.00
   1-B-2              2,628,000.00          2,628,000.00              0.00                 0.00          0.00           0.00
   1-B-3              1,546,000.00          1,546,000.00              0.00                 0.00          0.00           0.00
   1-B-4                773,000.00            773,000.00              0.00                 0.00          0.00           0.00
   1-B-5                464,000.00            464,000.00              0.00                 0.00          0.00           0.00
   1-B-6              1,236,668.87          1,236,668.87              0.00                 0.00          0.00           0.00
   2-A-1            189,415,000.00        189,415,000.00         10,101.89         1,391,963.59          0.00           0.00
   2-M-1              9,986,000.00          9,986,000.00              0.00                 0.00          0.00           0.00
   2-X-1                      0.00                  0.00              0.00                 0.00          0.00           0.00
   2-X-M                      0.00                  0.00              0.00                 0.00          0.00           0.00
   2-X-B                      0.00                  0.00              0.00                 0.00          0.00           0.00
   2-A-R                    100.00                100.00              0.72                99.28          0.00           0.00
   2-B-1              2,367,000.00          2,367,000.00              0.00                 0.00          0.00           0.00
   2-B-2                824,000.00            824,000.00              0.00                 0.00          0.00           0.00
   2-B-3              1,235,000.00          1,235,000.00              0.00                 0.00          0.00           0.00
   2-B-4                618,000.00            618,000.00              0.00                 0.00          0.00           0.00
   2-B-5                515,000.00            515,000.00              0.00                 0.00          0.00           0.00
   2-B-6                926,589.00            926,589.00              0.00                 0.00          0.00           0.00
------------------------------------------------------------------------------------------------------------------------------
Totals              515,039,457.87        515,039,457.87         10,102.61         2,044,905.97          0.00           0.00
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>

              Total Principal   Ending Certificate      Ending Certificate       Total Principal
   Class         Reduction            Balance                Percentage            Distribution
------------------------------------------------------------------------------------------------
<S>           <C>               <C>                     <C>                      <C>
   1-A-1        392,846.40        148,248,153.60             0.97735708             392,846.40
   1-A-2        259,896.70        149,740,103.30             0.99826736             259,896.70
   1-X-1A             0.00                  0.00             0.00000000                   0.00
   1-X-1B             0.00                  0.00             0.00000000                   0.00
   1-X-2              0.00                  0.00             0.00000000                   0.00
   1-X-B              0.00                  0.00             0.00000000                   0.00
   1-A-R            100.00                  0.00             0.00000000                 100.00
   1-B-1              0.00          3,864,000.00             1.00000000                   0.00
   1-B-2              0.00          2,628,000.00             1.00000000                   0.00
   1-B-3              0.00          1,546,000.00             1.00000000                   0.00
   1-B-4              0.00            773,000.00             1.00000000                   0.00
   1-B-5              0.00            464,000.00             1.00000000                   0.00
   1-B-6              0.00          1,236,668.87             1.00000000                   0.00
   2-A-1      1,402,065.48        188,012,934.52             0.99259792           1,402,065.48
   2-M-1              0.00          9,986,000.00             1.00000000                   0.00
   2-X-1              0.00                  0.00             0.00000000                   0.00
   2-X-M              0.00                  0.00             0.00000000                   0.00
   2-X-B              0.00                  0.00             0.00000000                   0.00
   2-A-R            100.00                  0.00             0.00000000                 100.00
   2-B-1              0.00          2,367,000.00             1.00000000                   0.00
   2-B-2              0.00            824,000.00             1.00000000                   0.00
   2-B-3              0.00          1,235,000.00             1.00000000                   0.00
   2-B-4              0.00            618,000.00             1.00000000                   0.00
   2-B-5              0.00            515,000.00             1.00000000                   0.00
   2-B-6              0.00            926,589.00             1.00000000                   0.00
------------------------------------------------------------------------------------------------
Totals        2,055,008.58        512,984,449.29             0.99601000           2,055,008.58
------------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                          Beginning         Scheduled           Unscheduled
                    Original Face        Certificate        Principal             Principal                       Realized
   Class                Amount              Balance        Distribution         Distribution    Accretion          Loss (3)
-----------------------------------------------------------------------------------------------------------------------------
<S>                <C>                  <C>                <C>                <C>               <C>               <C>
   1-A-1           148,641,000.00       1000.00000000       0.00000000           2.64292086     0.00000000        0.00000000
   1-A-2           150,000,000.00       1000.00000000       0.00000000           1.73264467     0.00000000        0.00000000
   1-X-1A                    0.00          0.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   1-X-1B                    0.00          0.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   1-X-2                     0.00          0.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   1-X-B                     0.00          0.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   1-A-R                   100.00       1000.00000000       0.00000000        1000.00000000     0.00000000        0.00000000
   1-B-1             3,864,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   1-B-2             2,628,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   1-B-3             1,546,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   1-B-4               773,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   1-B-5               464,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   1-B-6             1,236,668.87       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   2-A-1           189,415,000.00       1000.00000000       0.05333205           7.34875057     0.00000000        0.00000000
   2-M-1             9,986,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   2-X-1                     0.00          0.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   2-X-M                     0.00          0.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   2-X-B                     0.00          0.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   2-A-R                   100.00       1000.00000000       7.20000000         992.80000000     0.00000000        0.00000000
   2-B-1             2,367,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   2-B-2               824,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   2-B-3             1,235,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   2-B-4               618,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   2-B-5               515,000.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
   2-B-6               926,589.00       1000.00000000       0.00000000           0.00000000     0.00000000        0.00000000
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
               Total Principal     Ending Certificate    Ending Certificate       Total Principal
   Class          Reduction             Balance               Percentage            Distribution
-------------------------------------------------------------------------------------------------
<S>           <C>                  <C>                 <C>                      <C>
   1-A-1         2.64292086          997.35707914             0.99735708             2.64292086
   1-A-2         1.73264467          998.26735533             0.99826736             1.73264467
   1-X-1A        0.00000000            0.00000000             0.00000000             0.00000000
   1-X-1B        0.00000000            0.00000000             0.00000000             0.00000000
   1-X-2         0.00000000            0.00000000             0.00000000             0.00000000
   1-X-B         0.00000000            0.00000000             0.00000000             0.00000000
   1-A-R      1000.00000000            0.00000000             0.00000000          1000.00000000
   1-B-1         0.00000000         1000.00000000             1.00000000             0.00000000
   1-B-2         0.00000000         1000.00000000             1.00000000             0.00000000
   1-B-3         0.00000000         1000.00000000             1.00000000             0.00000000
   1-B-4         0.00000000         1000.00000000             1.00000000             0.00000000
   1-B-5         0.00000000         1000.00000000             1.00000000             0.00000000
   1-B-6         0.00000000         1000.00000000             1.00000000             0.00000000
   2-A-1         7.40208262          992.59791738             0.99259792             7.40208262
   2-M-1         0.00000000         1000.00000000             1.00000000             0.00000000
   2-X-1         0.00000000            0.00000000             0.00000000             0.00000000
   2-X-M         0.00000000            0.00000000             0.00000000             0.00000000
   2-X-B         0.00000000            0.00000000             0.00000000             0.00000000
   2-A-R      1000.00000000            0.00000000             0.00000000          1000.00000000
   2-B-1         0.00000000         1000.00000000             1.00000000             0.00000000
   2-B-2         0.00000000         1000.00000000             1.00000000             0.00000000
   2-B-3         0.00000000         1000.00000000             1.00000000             0.00000000
   2-B-4         0.00000000         1000.00000000             1.00000000             0.00000000
   2-B-5         0.00000000         1000.00000000             1.00000000             0.00000000
   2-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
                                                            Certificate/          Current            Unpaid          Current
                     Original Face           Current          Notional            Accrued           Interest         Interest
   Class                 Amount          Certificate Rate     Balance             Interest          Shortfall        Shortfall
------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>                  <C>               <C>                 <C>                <C>                <C>
   1-A-1            148,641,000.00            1.41000%     148,641,000.00        122,257.22            0.00             0.00
   1-A-2            150,000,000.00            1.45375%     150,000,000.00        127,203.13            0.00             0.00
   1-X-1A                     0.00            1.48492%      70,361,236.00         87,067.22            0.00             0.00
   1-X-1B                     0.00            1.48890%      78,279,763.00         97,125.50            0.00             0.00
   1-X-2                      0.00            1.45467%     150,000,000.00        181,833.89            0.00             0.00
   1-X-B                      0.00            1.24815%       3,864,000.00          4,019.05            0.00             0.00
   1-A-R                    100.00            2.47401%             100.00              0.21            0.00             0.00
   1-B-1              3,864,000.00            1.75000%       3,864,000.00          3,944.50            0.00             0.00
   1-B-2              2,628,000.00            2.47315%       2,628,000.00          5,416.20            0.00             0.00
   1-B-3              1,546,000.00            2.47315%       1,546,000.00          3,186.24            0.00             0.00
   1-B-4                773,000.00            2.47315%         773,000.00          1,593.12            0.00             0.00
   1-B-5                464,000.00            2.47315%         464,000.00            956.29            0.00             0.00
   1-B-6              1,236,668.87            2.47315%       1,236,668.87          2,548.72            0.00             0.00
   2-A-1            189,415,000.00            1.45000%     189,415,000.00        160,213.52            0.00             0.00
   2-M-1              9,986,000.00            1.57000%       9,986,000.00          9,145.51            0.00             0.00
   2-X-1                      0.00            1.40638%     189,415,000.00        221,991.14            0.00             0.00
   2-X-M                      0.00            1.32238%       9,986,000.00         11,004.40            0.00             0.00
   2-X-B                      0.00            1.19638%       2,367,000.00          2,359.86            0.00             0.00
   2-A-R                    100.00            2.42138%             100.00              0.20            0.00             0.00
   2-B-1              2,367,000.00            1.75000%       2,367,000.00          2,416.31            0.00             0.00
   2-B-2                824,000.00            2.42138%         824,000.00          1,662.68            0.00             0.00
   2-B-3              1,235,000.00            2.42138%       1,235,000.00          2,492.00            0.00             0.00
   2-B-4                618,000.00            2.42138%         618,000.00          1,247.01            0.00             0.00
   2-B-5                515,000.00            2.42138%         515,000.00          1,039.18            0.00             0.00
   2-B-6                926,589.00            2.42138%         926,589.00          1,869.69            0.00             0.00
------------------------------------------------------------------------------------------------------------------------------
   Totals           515,039,457.87                                             1,052,592.79            0.00             0.00
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                                                                  Remaining           Ending
              Non-Supported                                         Unpaid         Certificate/
                Interest        Realized    Total Interest         Interest         Notational
   Class        Shortfall       Loss (4)     Distribution          Shortfall          Balance
------------------------------------------------------------------------------------------------
<S>           <C>               <C>         <C>                   <C>             <C>
   1-A-1           0.00           0.00         122,257.22             0.00        148,248,153.60
   1-A-2           0.00           0.00         127,203.12             0.00        149,740,103.30
   1-X-1A          0.00           0.00          87,067.22             0.00         70,253,745.77
   1-X-1B          0.00           0.00          97,125.50             0.00         77,994,407.83
   1-X-2           0.00           0.00         181,833.89             0.00        149,740,103.30
   1-X-B           0.00           0.00           4,019.05             0.00          3,864,000.00
   1-A-R           0.00           0.00               0.21             0.00                  0.00
   1-B-1           0.00           0.00           3,944.50             0.00          3,864,000.00
   1-B-2           0.00           0.00           5,416.20             0.00          2,628,000.00
   1-B-3           0.00           0.00           3,186.24             0.00          1,546,000.00
   1-B-4           0.00           0.00           1,593.12             0.00            773,000.00
   1-B-5           0.00           0.00             956.29             0.00            464,000.00
   1-B-6           0.00           0.00           2,548.72             0.00          1,236,668.87
   2-A-1           0.00           0.00         160,213.52             0.00        188,012,934.52
   2-M-1           0.00           0.00           9,145.51             0.00          9,986,000.00
   2-X-1           0.00           0.00         221,991.14             0.00        188,012,934.52
   2-X-M           0.00           0.00          11,004.40             0.00          9,986,000.00
   2-X-B           0.00           0.00           2,359.86             0.00          2,367,000.00
   2-A-R           0.00           0.00               0.20             0.00                  0.00
   2-B-1           0.00           0.00           2,416.31             0.00          2,367,000.00
   2-B-2           0.00           0.00           1,662.68             0.00            824,000.00
   2-B-3           0.00           0.00           2,492.00             0.00          1,235,000.00
   2-B-4           0.00           0.00           1,247.01             0.00            618,000.00
   2-B-5           0.00           0.00           1,039.18             0.00            515,000.00
   2-B-6           0.00           0.00           1,869.69             0.00            926,589.00
------------------------------------------------------------------------------------------------
   Totals          0.00           0.00       1,052,592.78             0.00
------------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                                            Payment of
                                    Current          Beginning                                Unpaid          Current
                 Original Face    Certificate       Certificate/         Current Accrued      Interest        Interest
  Class (5)          Amount           Rate         Notional Balance          Interest        Shortfall        Shortfall
-----------------------------------------------------------------------------------------------------------------------
<S>             <C> <C>           <C>              <C>                   <C>                <C>              <C>
    1-A-1       148,641,000.00      1.41000%        1000.00000000           0.82249998       0.00000000      0.00000000
    1-A-2       150,000,000.00      1.45375%        1000.00000000           0.84802087       0.00000000      0.00000000
   1-X-1A                 0.00      1.48492%        1000.00000000           1.23743164       0.00000000      0.00000000
   1-X-1B                 0.00      1.48890%        1000.00000000           1.24074852       0.00000000      0.00000000
    1-X-2                 0.00      1.45467%        1000.00000000           1.21222593       0.00000000      0.00000000
    1-X-B                 0.00      1.24815%        1000.00000000           1.04012681       0.00000000      0.00000000
    1-A-R               100.00      2.47401%        1000.00000000           2.10000000       0.00000000      0.00000000
    1-B-1         3,864,000.00      1.75000%        1000.00000000           1.02083333       0.00000000      0.00000000
    1-B-2         2,628,000.00      2.47315%        1000.00000000           2.06095890       0.00000000      0.00000000
    1-B-3         1,546,000.00      2.47315%        1000.00000000           2.06095731       0.00000000      0.00000000
    1-B-4           773,000.00      2.47315%        1000.00000000           2.06095731       0.00000000      0.00000000
    1-B-5           464,000.00      2.47315%        1000.00000000           2.06096983       0.00000000      0.00000000
    1-B-6         1,236,668.87      2.47315%        1000.00000000           2.06095590       0.00000000      0.00000000
    2-A-1       189,415,000.00      1.45000%        1000.00000000           0.84583333       0.00000000      0.00000000
    2-M-1         9,986,000.00      1.57000%        1000.00000000           0.91583317       0.00000000      0.00000000
    2-X-1                 0.00      1.40638%        1000.00000000           1.17198289       0.00000000      0.00000000
    2-X-M                 0.00      1.32238%        1000.00000000           1.10198278       0.00000000      0.00000000
    2-X-B                 0.00      1.19638%        1000.00000000           0.99698352       0.00000000      0.00000000
    2-A-R               100.00      2.42138%        1000.00000000           2.00000000       0.00000000      0.00000000
    2-B-1         2,367,000.00      1.75000%        1000.00000000           1.02083228       0.00000000      0.00000000
    2-B-2           824,000.00      2.42138%        1000.00000000           2.01781553       0.00000000      0.00000000
    2-B-3         1,235,000.00      2.42138%        1000.00000000           2.01781377       0.00000000      0.00000000
    2-B-4           618,000.00      2.42138%        1000.00000000           2.01781553       0.00000000      0.00000000
    2-B-5           515,000.00      2.42138%        1000.00000000           2.01782524       0.00000000      0.00000000
    2-B-6           926,589.00      2.42138%        1000.00000000           2.01782020       0.00000000      0.00000000
-----------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                                                                 Remaining
              Non-Supported                                        Unpaid
                 Interest         Realized      Total Interest    Interest        Ending Certificate/
  Class (5)     Shortfall         Loss (6)       Distribution     Shortfall       Notational Balance
-----------------------------------------------------------------------------------------------------
<S>           <C>                <C>            <C>               <C>             <C>
    1-A-1      0.00000000        0.00000000       0.82249998      0.00000000         997.35707914
    1-A-2      0.00000000        0.00000000       0.84802080      0.00000000         998.26735533
   1-X-1A      0.00000000        0.00000000       1.23743164      0.00000000         998.47230896
   1-X-1B      0.00000000        0.00000000       1.24074852      0.00000000         996.35467509
    1-X-2      0.00000000        0.00000000       1.21222593      0.00000000         998.26735533
    1-X-B      0.00000000        0.00000000       1.04012681      0.00000000        1000.00000000
    1-A-R      0.00000000        0.00000000       2.10000000      0.00000000           0.00000000
    1-B-1      0.00000000        0.00000000       1.02083333      0.00000000        1000.00000000
    1-B-2      0.00000000        0.00000000       2.06095890      0.00000000        1000.00000000
    1-B-3      0.00000000        0.00000000       2.06095731      0.00000000        1000.00000000
    1-B-4      0.00000000        0.00000000       2.06095731      0.00000000        1000.00000000
    1-B-5      0.00000000        0.00000000       2.06096983      0.00000000        1000.00000000
    1-B-6      0.00000000        0.00000000       2.06095590      0.00000000        1000.00000000
    2-A-1      0.00000000        0.00000000       0.84583333      0.00000000         992.59791738
    2-M-1      0.00000000        0.00000000       0.91583317      0.00000000        1000.00000000
    2-X-1      0.00000000        0.00000000       1.17198289      0.00000000         992.59791738
    2-X-M      0.00000000        0.00000000       1.10198278      0.00000000        1000.00000000
    2-X-B      0.00000000        0.00000000       0.99698352      0.00000000        1000.00000000
    2-A-R      0.00000000        0.00000000       2.00000000      0.00000000           0.00000000
    2-B-1      0.00000000        0.00000000       1.02083228      0.00000000        1000.00000000
    2-B-2      0.00000000        0.00000000       2.01781553      0.00000000        1000.00000000
    2-B-3      0.00000000        0.00000000       2.01781377      0.00000000        1000.00000000
    2-B-4      0.00000000        0.00000000       2.01781553      0.00000000        1000.00000000
    2-B-5      0.00000000        0.00000000       2.01782524      0.00000000        1000.00000000
    2-B-6      0.00000000        0.00000000       2.01782020      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                                          3,256,756.26
           Liquidations, Insurance Proceeds, Reserve Funds                                     0.00
           Proceeds from Repurchased Loans                                                     0.00
           Other Amounts (Servicer Advances)                                                   0.00
           Realized Losses (Gains, Subsequent Expenses & Recoveries)                           0.00
           Prepayment Penalties                                                                0.00
                                                                                       ------------
Total Deposits                                                                         3,256,756.26

Withdrawals
           Reimbursement for Servicer Advances                                                 0.00
           Payment of Service Fee                                                        149,154.90
           Payment of Interest and Principal                                           3,107,601.36
                                                                                       ------------
Total Withdrawals (Pool Distribution Amount)                                           3,256,756.26

Ending Balance                                                                                 0.00
                                                                                       ============

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

              Total Prepayment/Curtailment Interest Shortfall                                  0.00
              Servicing Fee Support                                                            0.00
                                                                                       ------------
              Non-Supported Prepayment Curtailment Interest Shortfall                          0.00
                                                                                       ============

                                 SERVICING FEES

              Gross Servicing Fee                                                        148,081.90
              Master Servicing Fee                                                         1,073.00
              Supported Prepayment/Curtailment Interest Shortfall                              0.00
                                                                                       ------------
              Net Servicing Fee                                                          149,154.90
                                                                                       ============
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                               Beginning          Current        Current          Ending
     Account Type               Balance         Withdrawals      Deposits         Balance
-----------------------------------------------------------------------------------------
<S>                            <C>              <C>              <C>             <C>
 1-X-1A Reserve Fund            4,000.00           0.00            0.00          4,000.00
  1-X-2 Reserve Fund            4,000.00           0.00            0.00          4,000.00
 1-X-1B Reserve Fund            2,000.00           0.00            0.00          2,000.00
  2-X-1 Reserve Fund            5,000.00           0.00            0.00          5,000.00
  2-X-B Reserve Fund            2,500.00           0.00            0.00          2,500.00
  2-X-M Reserve Fund            2,500.00           0.00            0.00          2,500.00
-----------------------------------------------------------------------------------------
</TABLE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

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

<TABLE>
<CAPTION>
                                   No. of      Principal                     No. of        Principal
                                   Loans        Balance                      Loans          Balance
----------------------------------------------------------------------------------------------------
<S>               <C>            <C>           <C>          <C>            <C>             <C>
0-29 Days         0-29 Days      0.000000%     0.000000%    0-29 Days      0.000000%       0.000000%
30 Days           30 Days        0.000000%     0.000000%    30 Days        0.000000%       0.000000%
60 Days           60 Days        0.000000%     0.000000%    60 Days        0.000000%       0.000000%
90 Days           90 Days        0.000000%     0.000000%    90 Days        0.000000%       0.000000%
120 Days          120 Days       0.000000%     0.000000%    120 Days       0.000000%       0.000000%
150 Days          150 Days       0.000000%     0.000000%    150 Days       0.000000%       0.000000%
180+ Days         180+ Days      0.000000%     0.000000%    180+ Days      0.000000%       0.000000%
                                 ----------------------                    ------------------------
                                 0.000000%     0.000000%                   0.000000%       0.000000%
</TABLE>

<TABLE>
<S>                                            <C>        <C>                                              <C>
Current Period Class A Insufficient Funds:     0.00       Principal Balance of Contaminated Properties     0.00
</TABLE>

<TABLE>
<S>                  <C>
Periodic Advance     0.00
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                GROUP 1A - 1 MO.
                 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
</TABLE>

<TABLE>
<CAPTION>
                                GROUP 1A - 1 MO.
                                   REO                                      TOTAL
                                  No. of      Principal                     No. of        Principal
                                  Loans        Balance                      Loans          Balance
---------------------------------------------------------------------------------------------------
<S>              <C>              <C>         <C>          <C>              <C>           <C>
0-29 Days        0-29 Days          0            0.00      0-29 Days          0              0.00
30 Days          30 Days            0            0.00      30 Days            0              0.00
60 Days          60 Days            0            0.00      60 Days            0              0.00
90 Days          90 Days            0            0.00      90 Days            0              0.00
120 Days         120 Days           0            0.00      120 Days           0              0.00
150 Days         150 Days           0            0.00      150 Days           0              0.00
180+ Days        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                     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>

<TABLE>
<CAPTION>
                                   No. of       Principal                     No. of        Principal
                                   Loans         Balance                      Loans          Balance
-----------------------------------------------------------------------------------------------------
<S>                <C>            <C>           <C>          <C>            <C>             <C>
0-29 Days          0-29 Days      0.000000%     0.000000%    0-29 Days      0.000000%       0.000000%
30 Days            30 Days        0.000000%     0.000000%    30 Days        0.000000%       0.000000%
60 Days            60 Days        0.000000%     0.000000%    60 Days        0.000000%       0.000000%
90 Days            90 Days        0.000000%     0.000000%    90 Days        0.000000%       0.000000%
120 Days           120 Days       0.000000%     0.000000%    120 Days       0.000000%       0.000000%
150 Days           150 Days       0.000000%     0.000000%    150 Days       0.000000%       0.000000%
180+ Days          180+ Days      0.000000%     0.000000%    180+ Days      0.000000%       0.000000%
                                  ----------------------                    ------------------------
                                  0.000000%     0.000000%                   0.000000%       0.000000%
</TABLE>

                                Group 1A - 6 Mo.
<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
</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        0-29 Days          0           0.00       0-29 Days          0              0.00
30 Days          30 Days            0           0.00       30 Days            0              0.00
60 Days          60 Days            0           0.00       60 Days            0              0.00
90 Days          90 Days            0           0.00       90 Days            0              0.00
120 Days         120 Days           0           0.00       120 Days           0              0.00
150 Days         150 Days           0           0.00       150 Days           0              0.00
180+ Days        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                     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>

<TABLE>
<CAPTION>
                                  No. of      Principal                     No. of        Principal
                                  Loans        Balance                      Loans          Balance
---------------------------------------------------------------------------------------------------
<S>              <C>            <C>           <C>          <C>            <C>             <C>
0-29 Days        0-29 Days      0.000000%     0.000000%    0-29 Days      0.000000%       0.000000%
30 Days          30 Days        0.000000%     0.000000%    30 Days        0.000000%       0.000000%
60 Days          60 Days        0.000000%     0.000000%    60 Days        0.000000%       0.000000%
90 Days          90 Days        0.000000%     0.000000%    90 Days        0.000000%       0.000000%
120 Days         120 Days       0.000000%     0.000000%    120 Days       0.000000%       0.000000%
150 Days         150 Days       0.000000%     0.000000%    150 Days       0.000000%       0.000000%
180+ Days        180+ Days      0.000000%     0.000000%    180+ Days      0.000000%       0.000000%
                                ----------------------                    ------------------------
                                0.000000%     0.000000%                   0.000000%       0.000000%
</TABLE>

<PAGE>

                                    GROUP 1B

<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
</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       0-29 Days          0           0.00       0-29 Days          0             0.00
30 Days         30 Days            0           0.00       30 Days            0             0.00
60 Days         60 Days            0           0.00       60 Days            0             0.00
90 Days         90 Days            0           0.00       90 Days            0             0.00
120 Days        120 Days           0           0.00       120 Days           0             0.00
150 Days        150 Days           0           0.00       150 Days           0             0.00
180+ Days       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                     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>

<TABLE>
<CAPTION>
                                  No. of      Principal                     No. of        Principal
                                  Loans        Balance                      Loans          Balance
---------------------------------------------------------------------------------------------------
<S>              <C>            <C>           <C>          <C>            <C>             <C>
0-29 Days        0-29 Days      0.000000%     0.000000%    0-29 Days      0.000000%       0.000000%
30 Days          30 Days        0.000000%     0.000000%    30 Days        0.000000%       0.000000%
60 Days          60 Days        0.000000%     0.000000%    60 Days        0.000000%       0.000000%
90 Days          90 Days        0.000000%     0.000000%    90 Days        0.000000%       0.000000%
120 Days         120 Days       0.000000%     0.000000%    120 Days       0.000000%       0.000000%
150 Days         150 Days       0.000000%     0.000000%    150 Days       0.000000%       0.000000%
180+ Days        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
</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       0-29 Days          0           0.00       0-29 Days          0             0.00
30 Days         30 Days            0           0.00       30 Days            0             0.00
60 Days         60 Days            0           0.00       60 Days            0             0.00
90 Days         90 Days            0           0.00       90 Days            0             0.00
120 Days        120 Days           0           0.00       120 Days           0             0.00
150 Days        150 Days           0           0.00       150 Days           0             0.00
180+ Days       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                     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>

<TABLE>
<CAPTION>
                                  No. of      Principal                     No. of        Principal
                                  Loans        Balance                      Loans          Balance
---------------------------------------------------------------------------------------------------
<S>              <C>            <C>           <C>          <C>            <C>             <C>
0-29 Days        0-29 Days      0.000000%     0.000000%    0-29 Days      0.000000%       0.000000%
30 Days          30 Days        0.000000%     0.000000%    30 Days        0.000000%       0.000000%
60 Days          60 Days        0.000000%     0.000000%    60 Days        0.000000%       0.000000%
90 Days          90 Days        0.000000%     0.000000%    90 Days        0.000000%       0.000000%
120 Days         120 Days       0.000000%     0.000000%    120 Days       0.000000%       0.000000%
150 Days         150 Days       0.000000%     0.000000%    150 Days       0.000000%       0.000000%
180+ Days        180+ Days      0.000000%     0.000000%    180+ Days      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                                                        2.799974%
Weighted Average Net Coupon                                                          2.454956%
Weighted Average Pass-Through Rate                                                   2.452455%
Weighted Average Maturity (Stepdown Calculation)                                           323

Beginning Scheduled Collateral Loan Count                                                1,045
Number of Loans Paid in Full                                                                 2
Ending Scheduled Collateral Loan Count                                                   1,043

Beginning Scheduled Collateral Balance                                          515,039,457.87
Ending Scheduled Collateral Balance                                             512,984,450.04
Ending Actual Collateral Balance at 31-July-2003                                512,984,450.04

Monthly P&I Constant                                                              1,211,850.31
Special Servicing Fee                                                                     0.00
Prepayment Penalties                                                                      0.00
Realized Loss Amount                                                                      0.00
Cumulative Realized Loss                                                                  0.00

Ending Scheduled Balance for Premium Loans                                      512,984,450.04

Scheduled Principal                                                                  10,102.61
Unscheduled Principal                                                             2,044,905.97
</TABLE>

<PAGE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                                <C>
Group 1A Pro Rata Senior Percentage                                                 96.599792%
Group 1B Pro Rata Senior Percentage                                                 96.599900%
Group 2 Pro Rata Senior Percentage                                                  91.999682%

Group 1A Senior Percentage                                                         100.000000%
Group 1B Senior Percentage                                                         100.000000%
Group 2 Senior Percentage                                                          100.000000%

Group 1A Senior Prepayment Percentage                                              100.000000%
Group 1B Senior Prepayment Percentage                                              100.000000%
Group 2 Senior Prepayment Percentage                                               100.000000%

Group 1 Subordinate Percentage                                                       0.000000%
Group 2 Subordinate Percentage                                                       0.000000%

Group 1 Subordinate Prepay Percentage                                                0.000000%
Group 2 Subordinate Prepay Percentage                                                0.000000%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                GROUP                GROUP 1A - 1 MO    GROUP 1A - 6 MO           GROUP 1B              GROUP 2             TOTAL

Collateral Description                   1 Month             6 Month               6 Month             1 Month
                                         LIBOR ARM           LIBOR ARM            LIBOR ARM            LIBOR ARM          Mixed ARM
<S>                                  <C>                 <C>                 <C>                  <C>                <C>
Weighted Average Coupon Rate              2.849418            2.853398             2.849796             2.723879           2.799974
Weighted Average Net Rate                 2.474418            2.478398             2.474796             2.423880           2.454956
Pass-Through Rate                         2.474918            2.475898             2.472296             2.421379           2.452455
Weighted Average Maturity                      299                 299                  299                  352                323
Record Date                             07/31/2003          07/31/2003           07/31/2003           07/31/2003         07/31/2003
Principal and Interest Constant         172,954.74          192,688.03           368,762.82           477,444.72       1,211,850.31
Beginning Loan Count                           162                 241                  426                  216              1,045
Loans Paid in Full                               0                   0                    1                    1                  2
Ending Loan Count                              162                 241                  425                  215              1,043
Beginning Scheduled Balance          72,837,924.64       81,035,810.36       155,279,633.87       205,886,689.75     515,039,458.62
Ending Scheduled Balance             72,733,155.73       80,747,002.87       155,019,767.17       204,484,524.27     512,984,450.04
Scheduled Principal                           0.00                0.00                 0.00            10,102.61          10,102.61
Unscheduled Principal                   104,768.91          288,177.49           259,896.70         1,392,062.87       2,044,905.97
Scheduled Interest                      172,954.74          192,688.03           368,762.82           467,342.11       1,201,747.70
Servicing Fee                            22,761.85           25,323.49            48,524.89            51,471.67         148,081.90
Master Servicing Fee                          0.00                0.00                 0.00                 0.00               0.00
Trustee Fee                                 151.75              168.82               323.50               428.93           1,073.00
FRY Amount                                    0.00                0.00                 0.00                 0.00               0.00
Special Hazard Fee                            0.00                0.00                 0.00                 0.00               0.00
Other Fee                                     0.00                0.00                 0.00                 0.00               0.00
Pool Insurance Fee                            0.00                0.00                 0.00                 0.00               0.00
Spread 1                                      0.00                0.00                 0.00                 0.00               0.00
Spread 2                                      0.00                0.00                 0.00                 0.00               0.00
Spread 3                                      0.00                0.00                 0.00                 0.00               0.00
Net Interest                            150,041.14          167,195.72           319,914.43           415,441.51       1,052,592.80
Realized Loss Amount                          0.00                0.00                 0.00                 0.00               0.00
Cumulative Realized Loss                      0.00                0.00                 0.00                 0.00               0.00
Percentage of Cumulative Losses               0.00                0.00                 0.00                 0.00               0.00
Prepayment Penalties                          0.00                0.00                 0.00                 0.00               0.00
Special Servicing Fee                         0.00                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 2002-8
                           RECORD DATE: JULY 31, 2003
                       DISTRIBUTION DATE: AUGUST 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                       Certificate                            Beginning
                          Class       Certificate Pass-      Certificate       Interest        Principal      Current Realized
Class       CUSIP      Description     Through Rate            Balance        Distribution    Distribution          Loss
-----------------------------------------------------------------------------------------------------------------------------
<S>       <C>          <C>            <C>                 <C>                 <C>             <C>             <C>
 1-A1     81743RAA0        SEN            1.23000%                    0.00            0.00             0.00         0.00
 1-A2     81743RAB8        SEN            3.45500%           54,458,762.74      156,795.85     6,705,126.00         0.00
  2A      81743RAC6        SEN            1.40000%          415,010,990.85      484,179.49     9,317,096.11         0.00
  3A      81743RAD4        SEN            2.98232%           42,114,456.93      104,665.50     1,030,473.27         0.00
 X-1      81743RAE2        IO             1.81237%                    0.00       82,249.51             0.00         0.00
 X-2A    81743RAFf9        IO             1.29753%                    0.00      184,450.99             0.00         0.00
 X-2B     81743AFG7        IO             1.25553%                    0.00      255,735.57             0.00         0.00
 X-B      81743RAH5        IO             1.38546%                    0.00       10,470.62             0.00         0.00
 A-R      81743RAJ1        SEN            5.37281%                    0.00            0.00             0.00         0.00
 B-1      81743RAK8        SUB            1.77500%            9,069,000.00       13,414.56             0.00         0.00
 B-2      81743RAL6        SUB            3.16046%            5,505,000.00       14,498.61             0.00         0.00
 B-3      81743RAM4        SUB            3.16046%            3,886,000.00       10,234.62             0.00         0.00
 B-4      SMT0208B4        SUB            3.16046%            1,618,000.00        4,261.35             0.00         0.00
 B-5      SMT0208B5        SUB            3.16046%              970,000.00        2,554.71             0.00         0.00
 B-6      SMT0208B6        SUB            3.16046%            2,306,324.82        6,074.21             0.00         0.00
-----------------------------------------------------------------------------------------------------------------------------
Totals                                                      534,938,535.34      1,329,585.59  17,052,695.38         0.00
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                Ending
             Certificate            Total             Cumulative
Class          Balance           Distribution        Realized Loss
-----------------------------------------------------------------
<S>       <C>                    <C>                 <C>
 1-A1               0.00                 0.00             0.00
 1-A2      47,753,636.74         6,861,921.85             0.00
  2A      405,693,894.74         9,801,275.60             0.00
  3A       41,083,983.66         1,135,138.77             0.00
 X-1                0.00            82,249.51             0.00
 X-2A               0.00           184,450.99             0.00
 X-2B               0.00           255,735.57             0.00
 X-B                0.00            10,470.62             0.00
 A-R                0.00                 0.00             0.00
 B-1        9,069,000.00            13,414.56             0.00
 B-2        5,505,000.00            14,498.61             0.00
 B-3        3,886,000.00            10,234.62             0.00
 B-4        1,618,000.00             4,261.35             0.00
 B-5          970,000.00             2,554.71             0.00
 B-6        2,306,324.82             6,074.21             0.00
-----------------------------------------------------------------
Totals       517,885,839.96        18,382,280.97          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   Total Principal
Class         Amount              Balance         Distribution     Distribution    Accretion     Loss(1)      Reduction
--------------------------------------------------------------------------------------------------------------------------
<S>        <C>                 <C>                <C>             <C>              <C>          <C>        <C>
 1-A1       50,000,000.00                0.00          0.00               0.00       0.00          0.00             0.00
 1-A2       61,468,000.00       54,458,762.74          0.00       6,705,126.00       0.00          0.00     6,705,126.00
  2A       463,097,000.00      415,010,990.85          0.00       9,317,096.11       0.00          0.00     9,317,096.11
  3A        49,973,000.00       42,114,456.93          0.00       1,030,473.27       0.00          0.00     1,030,473.27
 X-1                 0.00                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             0.00
 X-2B                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
 A-R               100.00                0.00          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             0.00
 B-2         5,505,000.00        5,505,000.00          0.00               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             0.00
 B-4         1,618,000.00        1,618,000.00          0.00               0.00       0.00          0.00             0.00
 B-5           970,000.00          970,000.00          0.00               0.00       0.00          0.00             0.00
 B-6         2,306,324.82        2,306,324.82          0.00               0.00       0.00          0.00             0.00
--------------------------------------------------------------------------------------------------------------------------
Totals     647,892,424.82      534,938,535.34          0.00      17,052,695.38       0.00          0.00    17,052,695.38
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
         Ending Certificate      Ending Certificate      Total Principal
Class         Balance                Percentage           Distribution
------------------------------------------------------------------------
<S>      <C>                     <C>                     <C>
 1-A1               0.00             0.00000000                   0.00
 1-A2      47,753,636.74             0.77688613           6,705,126.00
  2A      405,693,894.74             0.87604518           9,317,096.11
  3A       41,083,983.66             0.82212362           1,030,473.27
 X-1                0.00             0.00000000                   0.00
 X-2A               0.00             0.00000000                   0.00
 X-2B               0.00             0.00000000                   0.00
 X-B                0.00             0.00000000                   0.00
 A-R                0.00             0.00000000                   0.00
 B-1        9,069,000.00             1.00000000                   0.00
 B-2        5,505,000.00             1.00000000                   0.00
 B-3        3,886,000.00             1.00000000                   0.00
 B-4        1,618,000.00             1.00000000                   0.00
 B-5          970,000.00             1.00000000                   0.00
 B-6        2,306,324.82             1.00000000                   0.00
------------------------------------------------------------------------
Totals    517,885,839.96             0.79933924          17,052,695.38
------------------------------------------------------------------------
</TABLE>

(1)   Amouoes 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      Total Principal
Class        Amount            Balance      Distribution    Distribution    Accretion        Loss (3)        Reduction
------------------------------------------------------------------------------------------------------------------------
<S>      <C>               <C>              <C>            <C>              <C>            <C>           <C>
 1-A1    50,000,000.00        0.00000000     0.00000000      0.00000000     0.00000000     0.00000000        0.00000000
 1-A2    61,468,000.00      885.96932941     0.00000000    109.08319776     0.00000000     0.00000000      109.08319776
  2A    463,097,000.00      896.16428275     0.00000000     20.11910271     0.00000000     0.00000000       20.11910271
  3A     49,973,000.00      842.74422048     0.00000000     20.62060052     0.00000000     0.00000000       20.62060052
 X-1              0.00        0.00000000     0.00000000      0.00000000     0.00000000     0.00000000        0.00000000
 X-2A             0.00        0.00000000     0.00000000      0.00000000     0.00000000     0.00000000        0.00000000
 X-2B             0.00        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
 A-R            100.00        0.00000000     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        0.00000000
 B-2      5,505,000.00     1000.00000000     0.00000000      0.00000000     0.00000000     0.00000000        0.00000000
 B-3      3,886,000.00     1000.00000000     0.00000000      0.00000000     0.00000000     0.00000000        0.00000000
 B-4      1,618,000.00     1000.00000000     0.00000000      0.00000000     0.00000000     0.00000000        0.00000000
 B-5        970,000.00     1000.00000000     0.00000000      0.00000000     0.00000000     0.00000000        0.00000000
 B-6      2,306,324.82     1000.00000000     0.00000000      0.00000000     0.00000000     0.00000000        0.00000000
------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
Ending Certificate    Ending Certificate       Total Principal
      Balance              Percentage            Distribution
--------------------------------------------------------------
<S>                   <C>                      <C>
      0.00000000             0.00000000             0.00000000
    776.88613165             0.77688613           109.08319776
    876.04518004             0.87604518            20.11910271
    822.12361995             0.82212362            20.62060052
      0.00000000             0.00000000             0.00000000
      0.00000000             0.00000000             0.00000000
      0.00000000             0.00000000             0.00000000
      0.00000000             0.00000000             0.00000000
      0.00000000             0.00000000             0.00000000
   1000.00000000             1.00000000             0.00000000
   1000.00000000             1.00000000             0.00000000
   1000.00000000             1.00000000             0.00000000
   1000.00000000             1.00000000             0.00000000
   1000.00000000             1.00000000             0.00000000
   1000.00000000             1.00000000             0.00000000
--------------------------------------------------------------
</TABLE>

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

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                                     Beginning                    Payment of                      Non-
                                                   Certificate/       Current       Unpaid       Current       Supported
           Original Face         Current             Notional         Accrued      Interest      Interest      Interest
 Class        Amount          Certificate Rate        Balance         Interest     Shortfall     Shortfall     Shortfall
------------------------------------------------------------------------------------------------------------------------
<S>        <C>                <C>                 <C>                <C>          <C>            <C>           <C>
 1-A1       50,000,000.00        1.23000%                   0.00           0.00        0.00          0.00          0.00
 1-A2       61,468,000.00        3.45500%          54,458,762.74     156,795.85        0.00          0.00          0.00
  2A       463,097,000.00        1.40000%         415,010,990.85     484,179.49        0.00          0.00          0.00
  3A        49,973,000.00        2.98232%          42,114,456.93     104,665.50        0.00          0.00          0.00
  X-1                0.00        1.81237%          54,458,762.74      82,249.51        0.00          0.00          0.00
 X-2A                0.00        1.29753%         170,586,004.64     184,450.99        0.00          0.00          0.00
 X-2B                0.00        1.25553%         244,424,986.21     255,735.57        0.00          0.00          0.00
  X-B                0.00        1.38546%           9,069,000.00      10,470.62        0.00          0.00          0.00
  A-R              100.00        5.37281%                   0.00           0.00        0.00          0.00          0.00
  B-1        9,069,000.00        1.77500%           9,069,000.00      13,414.56        0.00          0.00          0.00
  B-2        5,505,000.00        3.16046%           5,505,000.00      14,498.61        0.00          0.00          0.00
  B-3        3,886,000.00        3.16046%           3,886,000.00      10,234.62        0.00          0.00          0.00
  B-4        1,618,000.00        3.16046%           1,618,000.00       4,261.35        0.00          0.00          0.00
  B-5          970,000.00        3.16046%             970,000.00       2,554.71        0.00          0.00          0.00
  B-6        2,306,324.82        3.16046%           2,306,324.82       6,074.21        0.00          0.00          0.00
------------------------------------------------------------------------------------------------------------------------
Totals     647,892,424.82                                          1,329,585.59        0.00          0.00          0.00
------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                                           Remaining          Ending
                                             Unpaid         Certificate/
         Realized    Total Interest         Interest          Notational
 Class    Loss (4)    Distribution          Shortfall          Balance
--------------------------------------------------------------------------
<S>      <C>         <C>                   <C>             <C>
 1-A1      0.00               0.00             0.00                  0.00
 1-A2      0.00         156,795.85             0.00         47,753,636.74
  2A       0.00         484,179.49             0.00        405,693,894.74
  3A       0.00         104,665.50             0.00         41,083,983.66
  X-1      0.00          82,249.51             0.00         47,753,636.74
 X-2A      0.00         184,450.99             0.00        167,214,398.87
 X-2B      0.00         255,735.57             0.00        238,479,495.87
  X-B      0.00          10,470.62             0.00          9,069,000.00
  A-R      0.00               0.00             0.00                  0.00
  B-1      0.00          13,414.56             0.00          9,069,000.00
  B-2      0.00          14,498.61             0.00          5,505,000.00
  B-3      0.00          10,234.62             0.00          3,886,000.00
  B-4      0.00           4,261.35             0.00          1,618,000.00
  B-5      0.00           2,554.71             0.00            970,000.00
  B-6      0.00           6,074.21             0.00          2,306,324.82
--------------------------------------------------------------------------
Totals     0.00       1,329,585.59             0.00
--------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                                            Payment of
                                    Current          Beginning                                Unpaid         Current
Class           Original Face      Certificate       Certificate/        Current Accrued     Interest       Interest
 (5)                Amount            Rate         Notional Balance         Interest         Shortfall      Shortfall
----------------------------------------------------------------------------------------------------------------------
<S>             <C>                <C>             <C>                   <C>                <C>             <C>
 1-A1            50,000,000.00      1.23000%          0.00000000            0.00000000       0.00000000     0.00000000
 1-A2            61,468,000.00      3.45500%        885.96932941            2.55085329       0.00000000     0.00000000
  2A            463,097,000.00      1.40000%        896.16428275            1.04552500       0.00000000     0.00000000
  3A             49,973,000.00      2.98232%        842.74422048            2.09444100       0.00000000     0.00000000
  X-1                     0.00      1.81237%        488.55961119            0.73787553       0.00000000     0.00000000
 X-2A                     0.00      1.29753%        905.61540749            0.97922253       0.00000000     0.00000000
 X-2B                     0.00      1.25553%        889.68430641            0.93085378       0.00000000     0.00000000
  X-B                     0.00      1.38546%       1000.00000000            1.15455067       0.00000000     0.00000000
  A-R                   100.00      5.37281%          0.00000000            0.00000000       0.00000000     0.00000000
  B-1             9,069,000.00      1.77500%       1000.00000000            1.47916639       0.00000000     0.00000000
  B-2             5,505,000.00      3.16046%       1000.00000000            2.63371662       0.00000000     0.00000000
  B-3             3,886,000.00      3.16046%       1000.00000000            2.63371590       0.00000000     0.00000000
  B-4             1,618,000.00      3.16046%       1000.00000000            2.63371446       0.00000000     0.00000000
  B-5               970,000.00      3.16046%       1000.00000000            2.63372165       0.00000000     0.00000000
  B-6             2,306,324.82      3.16046%       1000.00000000            2.63371835       0.00000000     0.00000000
----------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
               Non-                                                Remaining
            Supported                                               Unpaid
Class       Interest          Realized           Total Interest    Interest      Ending Certificate/
 (5)       Shortfall           Loss (6)           Distribution     Shortfall      Notational Balance
----------------------------------------------------------------------------------------------------
<S>        <C>                <C>                <C>              <C>            <C>
1-A1        0.00000000        0.00000000           0.00000000     0.00000000          0.00000000
1-A2        0.00000000        0.00000000           2.55085329     0.00000000        776.88613165
 2A         0.00000000        0.00000000           1.04552500     0.00000000        876.04518004
 3A         0.00000000        0.00000000           2.09444100     0.00000000        822.12361995
 X-1        0.00000000        0.00000000           0.73787553     0.00000000        428.40668838
X-2A        0.00000000        0.00000000           0.97922253     0.00000000        887.71606023
X-2B        0.00000000        0.00000000           0.93085378     0.00000000        868.04327236
 X-B        0.00000000        0.00000000           1.15455067     0.00000000       1000.00000000
 A-R        0.00000000        0.00000000           0.00000000     0.00000000          0.00000000
 B-1        0.00000000        0.00000000           1.47916639     0.00000000       1000.00000000
 B-2        0.00000000        0.00000000           2.63371662     0.00000000       1000.00000000
 B-3        0.00000000        0.00000000           2.63371590     0.00000000       1000.00000000
 B-4        0.00000000        0.00000000           2.63371446     0.00000000       1000.00000000
 B-5        0.00000000        0.00000000           2.63372165     0.00000000       1000.00000000
 B-6        0.00000000        0.00000000           2.63371835     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                    18,535,491.92
           Liquidations, Insurance Proceeds, Reserve Funds                0.00
           Proceeds from Repurchased Loans                                0.00
           Other Amounts (Servicer Advances)                         16,691.81
           Realized Losses                                                0.00
           Prepayment Penalties                                           0.00
                                                                 --------------
Total Deposits                                                   18,552,183.73

Withdrawals
           Reimbursement for Servicer Advances                          290.00
           Payment of Service Fee                                   169,612.76
           Payment of Interest and Principal                     18,382,280.97
                                                                 --------------
Total Withdrawals (Pool Distribution Amount)                     18,552,183.73

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                                             165,600.71
Master Servicing Fee                                              4,012.05
Non-Supported Prepayment/Curtailment Interest Shortfall               0.00
                                                                ----------
Net Servicing Fee                                               169,612.76
                                                                ==========
</TABLE>

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

<PAGE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
            DELINQUENT                               BANKRUPTCY                          FORECLOSURE
------------------------------------------------------------------------------------------------------------------
             No. of     Principal                      No. of      Principal                 No. of    Principal
              Loans      Balance                       Loans        Balance                   Loans     Balance
<S>          <C>        <C>               <C>          <C>         <C>           <C>         <C>       <C>
0-29 Days       0              0.00      0-29 Days      0           0.00        0-29 Days     0          0.00
30 Days        20      7,039,621.51      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         1        115,986.27      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
             ----      ------------                    --          -------
               21      7,155,607.78                     0           0.00                      0          0.00

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

0-29 Days   0.000000%   0.000000%        0-29 Days     0.000000%    0.000000%   0-29 Days   0.000000%    0.000000%
30 Days     1.463058%   1.359316%        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     0.073153%   0.022396%        90 Days       0.000000%    0.000000%   90 Days     0.000000%    0.000000%
120 Days    0.000000%   0.000000%        120 Days      0.000000%    0.000000%   120 Days    0.000000%    0.000000%
150 Days    0.000000%   0.000000%        150 Days      0.000000%    0.000000%   150 Days    0.000000%    0.000000%
180+ Days   0.000000%   0.000000%        180+ Days     0.000000%    0.000000%   180+ Days   0.000000%    0.000000%
            --------    --------                       --------     --------                --------     --------
            1.536211%   1.381713%                      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        20      7,039,621.51
60 Days         0           0.00      60 Days        0               0.00
90 Days         0           0.00      90 Days        1         115,986.27
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                     21      7,155,607.78
</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    1.463058%      1.359316%
60 Days      0.000000%   0.000000%    60 Days    0.000000%      0.000000%
90 Days      0.000000%   0.000000%    90 Days    0.073153%      0.022396%
120 Days     0.000000%   0.000000%    120 Days   0.000000%      0.000000%
150 Days     0.000000%   0.000000%    150 Days   0.000000%      0.000000%
180+ Days    0.000000%   0.000000%    180+ Days  0.000000%      0.000000%
             --------------------                -----------------------
             0.000000%   0.000000%               1.536211%      1.381713%
</TABLE>

<TABLE>
<S>                                              <C>      <C>                                               <C>
Current Period Class A Insufficient Funds:       0.00     Principal Balance of Contaminated Properties      0.00
</TABLE>

<TABLE>
<S>                        <C>
Periodic Advance           16,691.81
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                   Original $            Original%         Current $          Current %       Current Class %     Prepayment %
                 --------------         -----------     --------------      ------------      -------------      ------------
<S>              <C>                    <C>             <C>                 <C>               <C>                <C>
Class A          647,892,324.82         99.99998457%    517,885,839.96      100.00000000%        95.490449%          0.000000%
Class 1-A-1      597,892.324.82         92.28265402%    517,885,839.96      100.00000000%         0.000000%          0.000000%
Class 1-A-2      536,424,324.82         82.79527654%    470,132,203.22       90.77911905%         9.220881%        204.474491%
Class 2A          73,327,324.82         11.31782407%     64,438,308.48       12.44257006%        78.336549%      1,737.125341%
Class 3A          23,354,324.82          3.60466089%     23,354,324.82        4.50955076%         7.933019%        175.915956%
Class X-1         23,354,324.82          3.60466089%     23,354,324.82        4.50955076%         0.000000%          0.000000%
Class B-1         14,285,324.82          2.20489147%     14,285,324.82        2.75839263%         1.751158%         38.832208%
Class B-2          8,780,324.82          1.35521338%      8,780,324.82        1.69541705%         1.062976%         23.571651%
Class B-3          4,894,324.82          0.75542245%      4,894,324.82        0.94505863%         0.750358%         16.639316%
Class B-4          3,276,324.82          0.50568963%      3,276,324.82        0.63263456%         0.312424%          6.928053%
Class B-5          2,306,324.82          0.35597342%      2,306,324.82        0.44533460%         0.187300%          4.153406%
Class B-6                  0.00          0.00000000%              0.00        0.00000000%         0.445335%          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   0.02433838%
         Fraud    19,436,773.00      3.00000004%    19,436,773.00   3.75309991%
Special Hazard    15,500,000.00      2.39237247%    15,499,500.00   2.99284105%
</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
</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>

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

                                     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           16      5,677,841.18     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
                ----------------------                     -------------------                   --------------------
                  16      5,677,841.18                       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       1.414677%   1.342330%        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%
              ---------------------                      ----------------------                   ----------------------
              1.414677%   1.342330%                      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         16         5,677,841.18
 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                     16         5,677,841.18
</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     1.414677%      1.342330%
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%               1.414677%      1.342330%
</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          4       1,361,780.33     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          1         115,986.27     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
                ---------------------                    ----------------                      ----------------
                 5       1,477,766.60                     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       3.100775%   3.168514%      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       0.775194%   0.269870%      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%
              --------------------                    ---------------------                 ----------------------
              3.875969%   3.438384%                   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        4        1,361,780.33
 60 Days          0           0.00     60 Days        0                0.00
 90 Days          0           0.00     90 Days        1          115,986.27
 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                    5        1,477,766.60
</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      3.100775%    3.168514%
 60 Days      0.000000%     0.000000%     60 Days      0.000000%    0.000000%
 90 Days      0.000000%     0.000000%     90 Days      0.775194%    0.269870%
 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%                  3.875969%    3.438384%
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

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

Weighted Average Gross Coupon                                      3.363074%
Weighted Average Net Coupon                                        2.991591%
Weighted Average Pass-Through Rate                                 2.982591%
Weighted Average Maturity (Stepdown Calculation)                         319

Beginning Scheduled Collateral Loan Count                              1,404
Number of Loans Paid in Full                                              37
Ending Scheduled Collateral Loan Count                                 1,367

Beginning Scheduled Collateral Balance                        534,938,535.34
Ending Scheduled Collateral Balance                           517,885.839.96
Ending Actual Collateral Balance at 31-July-2003              517,879,530.73

Monthly P&I Constant                                            1,499,198.34
Special Servicing Fee                                                   0.00
Prepayment Penalties                                                    0.00
Realization Loss Amount                                                 0.00
Cumulative Realized Loss                                                0.00

Class A Optimal Amount                                         18,320,772.29

Ending Scheduled Balance for Premium Loans                    517,885,839.96

Scheduled Principal                                                     0.00
Unscheduled Principal                                          17,052,695.38
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                          <C>
One Month Libor Loan Balance                                 174,342,483.67
Six Month Libor Loan Balance - POOL 1                         51,916,919.63
Six Month Libor Loan Balance - POOL 2                        248,645,498.81
Six Month Libor Loan Balance - POOL 3                         42,980,937.85
Pro Rata Senior Percent                                          95.634204%
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                5.526370            3.069394             3.366316            3.363074
Weighted Average Net Rate                   5.276370            2.681795             2.991315            2.991591
Pass-Through Rate                           5.267370            2.672795             2.982316            2.982591
Weighted Average Maturity                        343                 310                  347                 319
Record Date                               07/31/2003          07/31/2003           07/31/2003          07/31/2003
Principal and Interest Constant           269,972.58        1,105,762.18           123,463.58        1,499,198.34
Beginning Loan Count                             119               1,153                  132               1,404
Loans Paid in Full                                12                  22                    3                  37
Ending Loan Count                                107               1,131                  129               1,367
Beginning Scheduled Balance            58,622,045.63      432,305,078.59        44,011,411.12      534,938,535.34
Ending Scheduled Balance               51,916,919.63      422,987,982.48        42,980,937.85      517,885,839.96
Scheduled Principal                             0.00                0.00                 0.00                0.00
Unscheduled Principal                   6,705,126.00        9,317,096.11         1,030,473.27       17,052,695.38
Scheduled Interest                        269,972.58        1,105,762.18           123,463.58        1,499,198.34
Servicing Fee                              12,212.93          139,634.21            13,753.57          165,600.71
Master Servicing Fee                          439.67            3,242.29               330.09            4,012.05
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                              257,319.98          962,885.68           109,379.92        1,329,585.58
Realized Loss Amount                            0.00                0.00                 0.00                0.00
Cumulative Realized Loss                        0.00                0.00                 0.00                0.00
Percentage of Cumulative Losses                 0.00                0.00                 0.00                0.00
Prepayment Penalties                            0.00                0.00                 0.00                0.00
Special Servicing Fee                           0.00                0.00                 0.00                0.00
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}]]