Document:

<PAGE>

                                  EXHIBIT 10.1

CONTACTS

          Administrator:             Kumar X. Khambhaita
          Direct Phone No:           (714) 247-6327
          Address:                   Deutsche Bank
                                     1761 E. St. Andrew Place
                                     Santa Ana, CA 92705

          Web Site:                  http://www-apps.gis.deutsche-bank.com/invr
          Factor Information:        (800) 735-7777
          Main Phone No:             (714) 247-6000

ISSUANCE INFORMATION

<TABLE>
<S>                     <C>                                 <C>                        <C>
Seller:                 Redwood Trust                       Cut-Off Date:              April 1, 2002
Certificate Insurer:                                        Closing Date:              April 26, 2002
Servicer(s):            Cendant Mortgage Corporation        First Payment Date:        May 20, 2002
                        Morgan Stanley Dean Witter

Underwriter(s):         Greenwich Capital Markets, Inc.     Distribution Date:         August 19, 2003
                        Bear, Stearns & Co. Inc.            Record Date:               August 18, 2003
                                                                                       July 31, 2003
</TABLE>

<PAGE>

                            SEQUOIA MORTGAGE TRUST 6
                          COLLATERALIZED MORTGAGE BONDS
              BOND PAYMENT REPORT FOR AUGUST 19, 2003 DISTRIBUTION

<TABLE>
<CAPTION>
Distribution in Dollars - Current Period
-------------------------------------------------------------------------------------------------------------------------
                                   Prior                                                                      Current
        Class     Original       Principal                                  Total      Realized  Deferred    Principal
Class    Type    Face Value       Balance       Interest    Principal    Distribution   Losses   Interest     Balance
------  -----  --------------  --------------  ----------  ------------  ------------  --------  --------  --------------
                                                                                                            (7)=(1)-(3)-
                                    (1)           (2)          (3)        (4)=(2)+(3)     (5)       (6)        (5)+(6)
------  -----  --------------  --------------  ----------  ------------  ------------  --------  --------  --------------
<S>     <C>    <C>             <C>             <C>         <C>           <C>           <C>       <C>       <C>
 LT-A          496,378,000.00  429,818,661.37  933,797.10  6,201,983.85  7,135,780.95      -         -     423,616,677.52
 LT-A2                 100.00               -           -             -             -      -         -                  -
 LT-X                  100.00               -           -             -             -      -         -                  -
LT-B-1           5,915,000.00    5,915,000.00   12,850.56             -     12,850.56      -         -       5,915,000.00
LT-B-2           5,143,000.00    5,143,000.00   11,173.36             -     11,173.36      -         -       5,143,000.00
------  -----  --------------  --------------  ----------  ------------  ------------  --------  --------  --------------
LT-B-3           2,315,000.00    2,315,000.00    5,029.42             -      5,029.42      -         -       2,315,000.00
LT-B-4           1,534,000.00    1,534,000.00    3,332.67             -      3,332.67      -         -       1,534,000.00
LT-B-5           1,028,000.00    1,028,000.00    2,233.37             -      2,233.37      -         -       1,028,000.00
LT-B-6           2,068,996.83    2,068,996.83    4,494.97             -      4,494.97      -         -       2,068,996.83
 LT-R                       -               -           -             -             -      -         -                  -
------  -----  --------------  --------------  ----------  ------------  ------------  --------  --------  --------------

------  -----  --------------  --------------  ----------  ------------  ------------  --------  --------  --------------
 Total         514,382,196.83  447,822,658.20  972,911.45  6,201,983.85  7,174,895.30      -         -     441,620,674.35
------  -----  --------------  --------------  ----------  ------------  ------------  --------  --------  --------------
</TABLE>

<TABLE>
<CAPTION>
Interest Accrual Detail             Current Period Factor Information per $1,000 of Original Face
-------------------------------------------------------------------------------------------------------------------------
                                           Orig. Principal      Prior                                          Current
         Period   Period                   (with Notional)    Principal                            Total      Principal
Class   Starting  Ending   Method   Cusip      Balance         Balance    Interest  Principal  Distribution    Balance
------  --------  ------  --------  -----  ---------------  ------------  --------  ---------  ------------  ------------
                                                                 (1)        (2)        (3)     (4)=(2)+(3)       (5)
------  --------  ------  --------  -----  ---------------  ------------  --------  ---------  ------------  ------------
<S>     <C>       <C>     <C>       <C>    <C>              <C>           <C>       <C>        <C>           <C>
 LT-A                     A-30/360          496,378,000.00    865.909975  1.881222  12.494478    14.375699     853.415497
LT-A2                     A-30/360                  100.00             -         -      -                -              -
 LT-X                     A-30/360                  100.00             -         -      -                -              -
LT-B-1                    A-30/360            5,915,000.00  1,000.000000  2.172538      -         2.172538   1,000.000000
LT-B-2                    A-30/360            5,143,000.00  1,000.000000  2.172537      -         2.172537   1,000.000000
------  --------  ------  --------  -----  ---------------  ------------  --------  ---------  ------------  ------------
LT-B-3                    A-30/360            2,315,000.00  1,000.000000  2.172536      -         2.172536   1,000.000000
LT-B-4                    A-30/360            1,534,000.00  1,000.000000  2.172536      -         2.172536   1,000.000000
LT-B-5                    A-30/360            1,028,000.00  1,000.000000  2.172539      -         2.172539   1,000.000000
LT-B-6                    A-30/360            2,068,996.83  1,000.000000  2.172536      -         2.172536   1,000.000000
 LT-R                     A-30/360                       -             -         -      -                -              -
------  --------  ------  --------  -----  ---------------  ------------  --------  ---------  ------------  ------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
Distribution in Dollars - to Date
---------------------------------------------------------------------------------------------------------------------------------
                                                                                                                       Current
           Original                     Unscheduled   Scheduled      Total          Total      Realized  Deferred     Principal
Class     Face Value       Interest      Principal    Principal    Principal    Distribution    Losses   Interest      Balance
------  --------------  -------------  -------------  ---------  -------------  -------------  --------  --------  --------------
                                                                                                                    (9)=(1)-(5)-
             (1)             (2)            (3)          (4)      (5)=(3)+(4)    (6)=(2)+(5)      (7)      (8)         (7)+(8)
------  --------------  -------------  -------------  ---------  -------------  -------------  --------  --------  --------------
<S>     <C>             <C>            <C>            <C>        <C>            <C>            <C>       <C>       <C>
 LT-A   496,378,000.00  18,870,187.94  72,761,322.48      -      72,761,322.48  91,631,510.42      -         -     423,616,677.52
 LT-A2          100.00           0.27         100.00      -             100.00         100.27      -         -                  -
 LT-X           100.00              -         100.00      -             100.00         100.00      -         -                  -
LT-B-1    5,915,000.00     239,954.73              -      -                  -     239,954.73      -         -       5,915,000.00
LT-B-2    5,143,000.00     208,636.89              -      -                  -     208,636.89      -         -       5,143,000.00
LT-B-3    2,315,000.00      93,912.97              -      -                  -      93,912.97      -         -       2,315,000.00
LT-B-4    1,534,000.00      62,229.99              -      -                  -      62,229.99      -         -       1,534,000.00
LT-B-5    1,028,000.00      41,703.05              -      -                  -      41,703.05      -         -       1,028,000.00
LT-B-6    2,068,996.83      83,933.33              -      -                  -      83,933.33      -         -       2,068,996.83
 LT-R                -              -              -      -                  -              -      -         -                  -
------  --------------  -------------  -------------  ---------  -------------  -------------  --------  --------  --------------
Total   514,382,196.83  19,600,559.17  72,761,522.48      -      72,761,522.48  92,362,081.65      -         -     441,620,674.35
------  --------------  -------------  -------------  ---------  -------------  -------------  --------  --------  --------------
</TABLE>

<TABLE>
<CAPTION>
Interest Detail
----------------------------------------------------------------------------------------------------------------------
         Pass-    Prior Principal                  Non-      Prior    Unscheduled               Paid or      Current
        Through   (with Notional)   Accrued     Supported    Unpaid    Interest     Optimal     Deferred     Unpaid
 Class   Rate         Balance       Interest   Interest SF  Interest  Adjustments   Interest    Interest    Interest
------  -------   ---------------  ----------  -----------  --------  -----------  ----------  ----------  -----------
                                                                                    (5)=(1)-
                                      (1)          (2)        (3)         (4)     (2)+(3)+(4)     (6)      (7)=(5)-(6)
------  -------   ---------------  ----------  -----------  --------  -----------  ----------  ----------  -----------
<S>     <C>       <C>              <C>         <C>          <C>       <C>          <C>         <C>         <C>
 LT-A   2.60704%  429,818,661.37   933,797.10      -           -           -       933,797.10  933,797.10        -
 LT-A2  2.60704%               -            -      -           -           -                -           -        -
 LT-X                          -            -      -           -           -                -           -        -
LT-B-1  2.60704%    5,915,000.00    12,850.56      -           -           -        12,850.56   12,850.56        -
LT-B-2  2.60704%    5,143,000.00    11,173.36      -           -           -        11,173.36   11,173.36        -
------  -------   ---------------  ----------  -----------  --------  -----------  ----------  ----------  -----------
LT-B-3  2.60704%    2,315,000.00     5,029.42      -           -           -         5,029.42    5,029.42        -
LT-B-4  2.60704%    1,534,000.00     3,332.67      -           -           -         3,332.67    3,332.67        -
LT-B-5  2.60704%    1,028,000.00     2,233.37      -           -           -         2,233.37    2,233.37        -
LT-B-6  2.60704%    2,068,996.83     4,494.97      -           -           -         4,494.97    4,494.97        -
 LT-R                          -            -      -           -           -                -           -        -
------  -------   ---------------  ----------  -----------  --------  -----------  ----------  ----------  -----------
 Total            447,822,658.20   972,911.45      -           -           -       972,911.45  972,911.45        -
------  -------   ---------------  ----------  -----------  --------  -----------  ----------  ----------  -----------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
Distribution in Dollars - Current Period
-------------------------------------------------------------------------------------------------------------------------
                                   Prior                                                                       Current
       Class     Original        Principal                                  Total      Realized  Deferred     Principal
Class   Type    Face Value        Balance      Interest    Principal    Distribution    Losses   Interest      Balance
-----  -----  --------------  --------------  ----------  ------------  -------------  --------  --------  --------------
                                                                                                           (7)=(1)-(3)-
                                   (1)           (2)           (3)       (4)=(2)+(3)      (5)       (6)       (5)+(6)
-----  -----  --------------  --------------  ----------  ------------  -------------  --------  --------  --------------
<S>    <C>    <C>             <C>             <C>         <C>           <C>            <C>       <C>       <C>
  A     FLT   496,378,000.00  429,818,661.37  508,618.75  6,201,983.85  6,710,602.60       -         -     423,616,677.52
  X     CSTR          100.00               -  434,178.82             -    434,178.82       -         -                  -
 A-R     R            100.00               -           -             -             -       -         -                  -
 B-1    SUB     5,915,000.00    5,915,000.00    8,872.50             -      8,872.50       -         -       5,915,000.00
 B-2    SUB     5,143,000.00    5,143,000.00    7,714.50             -      7,714.50       -         -       5,143,000.00
-----  -----  --------------  --------------  ----------  ------------  -------------  --------  --------  --------------
 B-3    SUB     2,315,000.00    2,315,000.00    3,472.50             -      3,472.50       -         -       2,315,000.00
 B-4    SUB     1,534,000.00    1,534,000.00    3,332.67             -      3,332.67       -         -       1,534,000.00
 B-5    SUB     1,028,000.00    1,028,000.00    2,233.37             -      2,233.37       -         -       1,028,000.00
 B-6    SUB     2,068,996.00    2,068,996.00    4,494.98             -      4,494.98       -         -       2,068,996.00
-----  -----  --------------  --------------  ----------  ------------  -------------  --------  --------  --------------
Total         514,382,196.00  447,822,657.37  972,918.09  6,201,983.85  7,174,901.94       -         -     441,620,673.52
-----  -----  --------------  --------------  ----------  ------------  -------------  --------  --------  --------------
</TABLE>

Definitive Bond Record Date: 7/31/03

<TABLE>
<CAPTION>
Interest Accrual Detail          Current Period Factor Information per $1,000 of Original Face
--------------------------------------------------------------------------------------------------------------------------------
                                           Orig. Principal    Prior                                                   Current
       Period   Period                     (with Notional)  Principal                                    Total       Principal
Class Starting  Ending   Method    Cusip       Balance       Balance        Interest     Principal   Distribution     Balance
----- -------- -------- -------- --------- --------------- ------------ ---------------- --------- ---------------- ------------
                                                               (1)            (2)           (3)       (4)=(2)+(3)        (5)
----- -------- -------- -------- --------- --------------- ------------ ---------------- --------- ---------------- ------------
<S>   <C>      <C>      <C>      <C>       <C>             <C>          <C>              <C>       <C>              <C>
  A   07/21/03 08/18/03 A-30/360 81743XAA7 496,378,000.00    865.909975         1.024660 12.494478        13.519138   853.415497
  X                     A-30/360 SQ0201UPX         100.00             - 4,341,788.200000         - 4,341,788.200000            -
 A-R                    A-30/360 81743XAC3         100.00             -                -         -                -            -
 B-1  07/21/03 08/18/03 A-30/360 81743XAB5   5,915,000.00  1,000.000000         1.500000         -         1.500000 1,000.000000
 B-2  07/21/03 08/18/03 A-30/360 81743XAD1   5,143,000.00  1,000.000000         1.500000         -         1.500000 1,000.000000
----- -------- -------- -------- --------- --------------- ------------ ---------------- --------- ---------------- ------------
 B-3  07/21/03 08/18/03 A-30/360 81743XAE9   2,315,000.00  1,000.000000         1.500000         -         1.500000 1,000.000000
 B-4                    A-30/360 SQ0201UB4   1,534,000.00  1,000.000000         2.172536         -         2.172536 1,000.000000
 B-5                    A-30/360 SQ0201UB5   1,028,000.00  1,000.000000         2.172539         -         2.172539 1,000.000000
 B-6                    A-30/360 SQ0201UB6   2,068,996.00  1,000.000000         2.172542         -         2.172542 1,000.000000
----- -------- -------- -------- --------- --------------- ------------ ---------------- --------- ---------------- ------------
</TABLE>

Interest will accrue on all Bonds on the basis of a 360-day year consisting of
twelve 30-day months.

<PAGE>

<TABLE>
<CAPTION>
Distribution in Dollars - to Date
--------------------------------------------------------------------------------------------------------------------------------
                                                                                                                      Current
          Original                     Unscheduled   Scheduled      Total         Total       Realized  Deferred     Principal
Class    Face Value       Interest      Principal    Principal    Principal    Distribution    Losses   Interest      Balance
-----  --------------  -------------  -------------  ---------  -------------  -------------  --------  --------  --------------
                                                                                                                    (9)=(1)-(5)-
            (1)             (2)            (3)          (4)      (5)=(3)+(4)    (6)=(2)+(5)      (7)       (8)        (7)+(8)
-----  --------------  -------------  -------------  ---------  -------------  -------------  --------  --------  --------------
<S>    <C>             <C>            <C>            <C>        <C>            <C>            <C>       <C>       <C>
  A    496,378,000.00  11,279,251.48  72,761,322.48      -      72,761,322.48  84,040,573.96      -         -     423,616,677.52
  X            100.00   7,742,983.41         100.00      -             100.00   7,743,083.41      -         -                  -
 A-R           100.00           0.27         100.00      -             100.00         100.27      -         -                  -
 B-1     5,915,000.00     172,758.88              -      -                  -     172,758.88      -         -       5,915,000.00
 B-2     5,143,000.00     150,211.17              -      -                  -     150,211.17      -         -       5,143,000.00
 B-3     2,315,000.00      67,613.99              -      -                  -      67,613.99      -         -       2,315,000.00
 B-4     1,534,000.00      62,229.99              -      -                  -      62,229.99      -         -       1,534,000.00
 B-5     1,028,000.00      41,703.05              -      -                  -      41,703.05      -         -       1,028,000.00
 B-6     2,068,996.00      83,933.30              -      -                  -      83,933.30      -         -       2,068,996.00
-----  --------------  -------------  -------------  ---------  -------------  -------------  --------  --------  --------------
Total  514,382,196.00  19,600,685.54  72,761,522.48      -      72,761,522.48  92,362,208.02      -         -     441,620,673.52
-----  --------------  -------------  -------------  ---------  -------------  -------------  --------  --------  --------------
</TABLE>

<TABLE>
<CAPTION>
Interest Detail
-----------------------------------------------------------------------------------------------------------------------
        Pass-    Prior Principal                  Non-      Prior    Unscheduled                 Paid or      Current
       Through   (with Notional)    Accrued    Supported    Unpaid     Interest     Optimal      Deferred     Unpaid
Class   Rate         Balance       Interest   Interest SF  Interest  Adjustments   Interest      Interest    Interest
-----  -------   ---------------  ----------  -----------  --------  -----------  ------------  ----------  -----------
                                                                                   (5)=(1)-
                                     (1)          (2)         (3)        (4)       (2)+(3)+(4)     (6)      (7)=(5)-(6)
-----  -------   ---------------  ----------  -----------  --------  -----------  ------------  ----------  -----------
<S>    <C>       <C>              <C>         <C>          <C>       <C>          <C>           <C>         <C>
  A    1.42000%   429,818,661.37  508,618.75       -           -          -       508,618.75    508,618.75       -
  X    1.17558%                -  434,178.82       -           -          -       434,178.82    434,178.82       -
 A-R   2.60704%                -           -       -           -          -                -             -       -
 B-1   1.80000%     5,915,000.00    8,872.50       -           -          -         8,872.50      8,872.50       -
 B-2   1.80000%     5,143,000.00    7,714.50       -           -          -         7,714.50      7,714.50       -
-----  -------   ---------------  ----------  -----------  --------  -----------  ------------  ----------  -----------
 B-3   1.80000%     2,315,000.00    3,472.50       -           -          -         3,472.50      3,472.50       -
 B-4   2.60704%     1,534,000.00    3,332.67       -           -          -         3,332.67      3,332.67       -
 B-5   2.60704%     1,028,000.00    2,233.37       -           -          -         2,233.37      2,233.37       -
 B-6   2.60704%     2,068,996.00    4,494.98       -           -          -         4,494.98      4,494.98       -
-----  -------   ---------------  ----------  -----------  --------  -----------  ------------  ----------  -----------
Total             447,822,657.37  972,918.09       -           -          -       972,918.09    972,918.09       -
-----  -------   ---------------  ----------  -----------  --------  -----------  ------------  ----------  -----------
</TABLE>

<PAGE>

                            COLLECTION ACCOUNT REPORT

<TABLE>
<CAPTION>
SUMMARY                                                       TOTAL
-------                                                       -----
<S>                                                       <C>
Principal Collections                                     6,201,983.85
Principal Withdrawals                                             0.00
Principal Other Accounts                                          0.00
TOTAL PRINCIPAL                                           6,201,983.85

Interest Collected                                          996,124.40
Interest Withdrawals                                              0.00
Interest Other Accounts                                           6.63
Fees                                                        (23,212.94)
TOTAL INTEREST                                              972,918.09

TOTAL AVAILABLE TO CERTIFICATEHOLDERS                     7,174,901.94
</TABLE>

<TABLE>
<CAPTION>
PRINCIPAL - COLLECTIONS                                       TOTAL
-----------------------                                       -----
<S>                                                       <C>
Scheduled Principal                                               0.00
Curtailments                                                590,805.54
Prepayments In Full                                       5,611,178.31
Repurchased Principal Amounts                                     0.00
Substitution Principal Amount                                     0.00
Liquidations                                                      0.00
Insurance Principal                                               0.00
Other Principal                                                   0.00
Total Realized Loss Of Principal                                  0.00

TOTAL PRINCIPAL COLLECTED                                 6,201,983.85
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
PRINCIPAL - WITHDRAWALS                                      TOTAL
-----------------------                                      -----
<S>                                                          <C>
                      SPACE INTENTIONALLY LEFT BLANK
</TABLE>

<TABLE>
<CAPTION>
PRINCIPAL - OTHER ACCOUNTS                                    TOTAL
--------------------------                                    -----
<S>                                                           <C>
Amounts remaining in Pre-Funding Account                      0.00
</TABLE>

<TABLE>
<CAPTION>
INTEREST - COLLECTIONS                                        TOTAL
----------------------                                        -----
<S>                                                       <C>
Scheduled Interest                                        1,114,907.73
Repurchased Interest                                              0.00
Substitution Interest Amount                                      0.00
Liquidation Interest                                              0.00
Insurance Interest                                                0.00
Other Interest                                                    0.00

Delinquent Interest                                        (943,147.54)
Interest Advanced                                           824,364.21
Prepayment Interest Shortfalls                               (4,105.44)
Compensating Interest                                         4,105.44
Civil Relief Act Shortfalls                                       0.00

TOTAL INTEREST COLLECTED                                    996,124.40
</TABLE>

<TABLE>
<CAPTION>
INTEREST - WITHDRAWALS                                        TOTAL
----------------------                                        -----
<S>                                                           <C>
Current Nonrecoverable Advances                               0.00

TOTAL INTEREST WITHDRAWALS                                    0.00
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
INTEREST - OTHER ACCOUNTS                                      TOTAL
-------------------------                                      -----
<S>                                                            <C>
Basis Risk Shortfall                                           0.00
Basis Risk Reserve Fund Interest Earnings                      6.63

TOTAL INTEREST OTHER ACCOUNTS                                  6.63
</TABLE>

<TABLE>
<CAPTION>
INTEREST - FEES                                                TOTAL
---------------                                                -----
<S>                                                          <C>
Current Servicing Fees                                       21,720.20
Trustee Fee                                                   1,492.74

TOTAL FEES                                                   23,212.94
</TABLE>

<PAGE>

                            CREDIT ENHANCEMENT REPORT

<TABLE>
<CAPTION>
ACCOUNTS                                                       TOTAL
--------                                                       -----
<S>                                                          <C>
BASIS RISK RESERVE FUND

Beginning Balance                                            10,000.00
Basis Risk Deposit                                                0.00
Basis Risk Shortfall paid                                         0.00
Investment Earnings distributed to the Class X Bondholder         6.63
Ending Balance                                               10,000.00
</TABLE>

<TABLE>
<CAPTION>
INSURANCE                                                     TOTAL
---------                                                     -----
<S>                                                           <C>
                         SPACE INTENTIONALLY LEFT BLANK
</TABLE>

<TABLE>
<CAPTION>
STRUCTURAL FEATURES                                            TOTAL
-------------------                                            -----
<S>                                                         <C>
Pro Rata Senior Percentage                                   95.979659%
Senior Percentage                                           100.000000%
Subordinate Percentage                                        0.000000%
Senior Prepayment Percentage                                100.000000%
Subordinate Percentage                                        0.000000%
</TABLE>
<PAGE>

                                COLLATERAL REPORT

<TABLE>
<CAPTION>
COLLATERAL                                                            TOTAL
-------------------------------------------------------------------------------
<S>                                                              <C>
               Loan Count:
ORIGINAL                                                                   1254
Prior                                                                     1,105
Prefunding                                                                    -
Scheduled Paid Offs                                                           -
Full Voluntary Prepayments                                                  (19)
Repurchases                                                                   -
Liquidations                                                                  -
-------------------------------------------------------------------------------
Current                                                                   1,086

PRINCIPAL BALANCE:
Original                                                         514,382,196.83
Prior                                                            447,822,658.20
Prefunding                                                                    -
Scheduled Principal                                                           -
Partial and Full Voluntary Prepayments                            (6,201,983.85)
Repurchases                                                                   -
Liquidations                                                                  -
-------------------------------------------------------------------------------
Current                                                          441,620,674.35
-------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
PREFUNDING                                               TOTAL
-------------------------------------------------------------------------------
<S>                                                      <C>
                SPACE INTENTIONALLY LEFT BLANK
-------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
CHARACTERISTICS                                                         TOTAL
-------------------------------------------------------------------------------
<S>                                                                    <C>
Weighted Average Coupon Original                                       3.667751%
Weighted Average Coupon Prior                                          3.004127%
Weighted Average Coupon Current                                        2.987543%
-------------------------------------------------------------------------------
Weighted Average Months to Maturity Original                                297
Weighted Average Months to Maturity Prior                                   283
Weighted Average Months to Maturity Current                                 282
-------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original                           296
Weighted Avg Remaining Amortization Term Prior                              282
Weighted Avg Remaining Amortization Term Current                            281
-------------------------------------------------------------------------------
Weighted Average Seasoning Original                                        3.66
Weighted Average Seasoning Prior                                          17.62
Weighted Average Seasoning Current                                        18.63
-------------------------------------------------------------------------------
</TABLE>

Note: Original information refers to deal issue.

<TABLE>
<CAPTION>
ARM CHARACTERISTICS                                                      TOTAL
-------------------------------------------------------------------------------
<S>                                                                      <C>
Weighted Average Margin Original                                          1.652%
Weighted Average Margin Prior                                             1.643%
Weighted Average Margin Current                                           1.643%
-------------------------------------------------------------------------------
Weighted Average Max Rate Original                                       12.000%
Weighted Average Max Rate Prior                                          12.000%
Weighted Average Max Rate Current                                        12.000%
-------------------------------------------------------------------------------
Weighted Average Min Rate Original                                        1.652%
Weighted Average Min Rate Prior                                           1.643%
Weighted Average Min Rate Current                                         1.643%
-------------------------------------------------------------------------------
Weighted Average Cap Up Original                                          0.000%
Weighted Average Cap Up Prior                                             0.000%
Weighted Average Cap Up Current                                           0.000%
-------------------------------------------------------------------------------
Weighted Average Cap Down Original                                        0.000%
Weighted Average Cap Down Prior                                           0.000%
Weighted Average Cap Down Current                                         0.000%
-------------------------------------------------------------------------------
</TABLE>

Note: Original information refers to deal issue.

<PAGE>

<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES                                              TOTAL
--------------------------------------------------------------------------------
<S>                                                                  <C>
Current Servicing Fees                                                 21,720.20
Delinquent Servicing Fees                                             118,783.33
TOTAL SERVICING FEES                                                  140,503.53

Total Servicing Fees                                                  140,503.53
Compensating Interest                                                  (4,105.44)
Delinquent Servicing Fees                                            (118,783.33)
COLLECTED SERVICING FEES                                               17,614.76

Prepayment Interest Shortfall                                           4,105.44

Total Advanced Interest                                               824,364.21

Current Nonrecoverable Advances                                             0.00
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
ADDITIONAL COLLATERAL INFORMATION                                      TOTAL
--------------------------------------------------------------------------------
<S>                                                                 <C>
Mortgage Loans which adjust based on One-Month LIBOR                        0.00
Mortgage Loans which adjust based on Six-Month LIBOR                        0.00

Special Hazard Loss Coverage Amount                                 5,800,000.00
Current Special Hazard Losses                                               0.00
Cumulative Special Hazard Losses                                            0.00
Bankruptcy Loss Coverage Amount                                       100,000.00
Current Bankruptcy Losses                                                   0.00
Cumulative Bankruptcy Losses                                                0.00
Fraud Loss Coverage Amount                                          9,267,516.97
Current Fraud Losses                                                        0.00
Cumulative Fraud Losses                                                     0.00
--------------------------------------------------------------------------------
</TABLE>

<PAGE>

                           DELINQUENCY REPORT - TOTAL

<TABLE>
<CAPTION>
                          <1 PAYMENT   1 PAYMENT   2 PAYMENTS    3+PAYMENTS   TOTAL
-----------------------------------------------------------------------------------
<S>           <C>         <C>          <C>         <C>          <C>           <C>
DELINQUENT    Balance                       -           -             -          -
              % Balance                  0.00%       0.00%         0.00%      0.00%
              # Loans                       -           -             -          -
              % # Loans                  0.00%       0.00%         0.00%      0.00%
----------------------------------------------------------------------------------
FORECLOSURE   Balance          -            -           -             -          -
              % Balance     0.00%        0.00%       0.00%         0.00%      0.00%
              # Loans          -            -           -             -          -
              % # Loans     0.00%        0.00%       0.00%         0.00%      0.00%
----------------------------------------------------------------------------------
BANKRUPTCY    Balance          -            -           -             -          -
              % Balance     0.00%        0.00%       0.00%         0.00%      0.00%
              # Loans          -            -           -             -          -
              % # Loans     0.00%        0.00%       0.00%         0.00%      0.00%
----------------------------------------------------------------------------------
REO           Balance          -            -           -             -          -
              % Balance     0.00%        0.00%       0.00%         0.00%      0.00%
              # Loans          -            -           -             -          -
              % # Loans     0.00%        0.00%       0.00%         0.00%      0.00%
----------------------------------------------------------------------------------
TOTAL         Balance          -            -           -             -          -
              % Balance     0.00%        0.00%       0.00%         0.00%      0.00%
              # Loans          -            -           -             -          -
              % # Loans     0.00%        0.00%       0.00%         0.00%      0.00%
----------------------------------------------------------------------------------
</TABLE>

Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+
Payments = 90+

<PAGE>

     REO REPORT - MORTGAGE LOANS THAT BECOME REO DURING CURRENT DISTRIBUTION

<TABLE>
<CAPTION>
SUMMARY                                                 LOAN GROUP
----------------------------------------------------------------------------------------------------------
<S>                                                     <C>
Total Loan Count = 0                                    Loan Group 1 = MSDW Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
----------------------------------------------------------------------------------------------------------
</TABLE>

REO Book Value reported corresponds to total REO loans, including loans that
become REO during current distribution.

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------
Loan Number    Original     Stated              Current     State &
     &        Principal   Principal   Paid to     Note       LTV at     Original   Origination
 Loan Group    Balance     Balance     Date      Rate     Origination     Term        Date
----------------------------------------------------------------------------------------------
<S>           <C>         <C>         <C>       <C>       <C>           <C>        <C>
                                 SPACE INTENTIONALLY LEFT BLANK
----------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

   FORECLOSURE REPORT - MORTGAGE LOANS THAT BECOME FORECLOSURE DURING CURRENT
                                  DISTRIBUTION

<TABLE>
<CAPTION>
SUMMARY                                                 LOAN GROUP
---------------------------------------------------------------------------------
<S>                                                     <C>
Total Loan Count = 0                                    Loan Group 1 = MSDW Group
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
---------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------
Loan Number    Original     Stated              Current     State &
     &        Principal   Principal   Paid to     Note       LTV at     Original   Origination
 Loan Group    Balance     Balance     Date      Rate     Origination     Term        Date
----------------------------------------------------------------------------------------------
<S>           <C>         <C>         <C>       <C>       <C>           <C>        <C>
                             SPACE INTENTIONALLY LEFT BLANK
----------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                    PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS

<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENTS                                                  TOTAL
--------------------------------------------------------------------------------
<S>                                                                <C>
CURRENT
Number of Paid in Full Loans                                                  19
Number of Repurchased Loans                                                    -
--------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full                                         19

Paid in Full Balance                                                5,611,178.31
Repurchased Loans Balance                                                      -
Curtailments Amount                                                   590,805.54
--------------------------------------------------------------------------------
Total Prepayment Amount                                             6,201,983.85

CUMULATIVE
Number of Paid in Full Loans                                                 168
Number of Repurchased Loans                                                    -
--------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full                                        168

Paid in Full Balance                                               62,513,739.45
Repurchased Loans Balance                                                      -
Curtailments Amount                                                10,247,783.03
--------------------------------------------------------------------------------
Total Prepayment Amount                                            72,761,522.48
--------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES                                         TOTAL
------------------------------------------------------------------------
<S>                                                               <C>
SMM                                                                 1.38%
3 Months Avg SMM                                                    1.09%
12 Months Avg SMM                                                   0.97%
Avg SMM Since Cut-off                                               0.95%

CPR                                                                15.41%
3 Months Avg CPR                                                   12.30%
12 Months Avg CPR                                                  11.05%
Avg CPR Since Cut-off                                              10.81%

PSA                                                               413.58%
3 Months Avg PSA Approximation                                    348.97%
12 Months Avg PSA Approximation                                   420.78%
Avg PSA Since Cut-off Approximation                               485.16%
------------------------------------------------------------------------
</TABLE>

PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments +
Repurchases)/(Beg Principal Balance - Sched Principal)

Conditional Prepayment Rate (CPR): 1-((1-SMM) to the power of 12)

PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))

Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) *
(1-SMMn+1) *.......*(1-SMMm)] to the power of (1/months in period n,m)

Average CPR over period between the nth month and mth month (AvgCPRn,m):
1-((1-AvgSMMn,m) to the power of 12)

Average PSA Approximation over period between the nth month and mth month:
AvgCPRn,m/(0.02*Avg WASn,m))

Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of
months in the period n,m)

Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial
      and full voluntary prepayments and repurchases.
      Dates correspond to distribution dates.

<PAGE>

  PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION

<TABLE>
<CAPTION>
SUMMARY                                                      LOAN GROUP
--------------------------------------------------------------------------------------
<S>                                                          <C>
Total Loan Count = 19                                        Loan Group 1 = MSDW Group
Total Original Principal Balance = 5,660,834.17
Total Prepayment Amount = 5,611,178.31
--------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
Loan Number             Original                              Current      State &     Type Prepayment
     &         Loan    Principal    Prepayment   Prepayment    Note        LTV at             &          Origination
Loan Group    Status    Balance       Amount        Date       Rate     Origination     Original Term       Date
--------------------------------------------------------------------------------------------------------------------
<S>           <C>      <C>          <C>          <C>          <C>       <C>            <C>               <C>
390442265 1            481,034.16   478,031.33   Jul-31-03     2.875%   CA  -  69.72%  Paid Off  -  300   Oct-19-01
390443556 1            278,200.00   278,200.00   Jul-24-03     3.125%   CA  -  79.94%  Paid Off  -  300   Nov-08-01
390443787 1            194,900.00   186,400.00   Jul-25-03     3.000%   CA  -  24.36%  Paid Off  -  300   Dec-11-01
390444296 1            530,000.00   530,000.00   Jul-30-03     3.000%   CO  -  55.79%  Paid Off  -  300   Jan-09-02
390444930 1            530,000.00   530,000.00   Jul-10-03     2.875%   MN  -  57.92%  Paid Off  -  300   Dec-20-01
390444979 1            234,000.00   234,000.00   Jul-31-03     3.000%   WA  -  70.91%  Paid Off  -  300   Dec-14-01
390445632 1            583,900.00   573,823.00   Jul-28-03     2.875%   IL  -  80.00%  Paid Off  -  300   Jan-08-02
390445962 1            296,000.00   296,000.00   Jul-17-03     3.000%   PA  -  80.00%  Paid Off  -  300   Feb-07-02
390446076 1            103,000.00   103,000.00   Jul-17-03     3.000%   IN  -  57.22%  Paid Off  -  300   Jan-24-02
390446834 1            452,000.00   442,154.63   Jul-30-03     3.000%   MO  -  78.61%  Paid Off  -  300   Jan-22-02
390446836 1            149,600.00   149,600.00   Jul-25-03     3.000%   NJ  -  80.00%  Paid Off  -  300   Jan-25-02
390446910 1            339,750.00   339,652.67   Jul-28-03     3.500%   MD  -  79.57%  Paid Off  -  300   Feb-14-02
390447533 1            246,000.01   246,000.00   Jul-21-03     3.000%   CA  -  39.36%  Paid Off  -  300   Feb-22-02
390447700 1            350,000.00   349,936.49   Jul-14-03     3.000%   UT  -  79.37%  Paid Off  -  300   Feb-15-02
390447838 1            220,000.00   220,000.00   Jul-23-03     3.000%   GA  -  37.93%  Paid Off  -  300   Feb-23-02
390448037 1            265,000.00   248,200.00   Jul-03-03     3.000%   NC  -  70.48%  Paid Off  -  300   Feb-08-02
390448122 1            156,450.00   155,589.22   Jul-29-03     3.000%   AZ  -  69.26%  Paid Off  -  300   Feb-13-02
390448267 1            143,800.00   143,390.97   Jul-17-03     3.000%   CA  -  99.17%  Paid Off  -  300   Feb-05-02
390448353 1            107,200.00   107,200.00   Jul-30-03     3.000%   MI  -  80.00%  Paid Off  -  300   Jan-31-02
--------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                        REALIZED LOSS REPORT - COLLATERAL

<TABLE>
<CAPTION>
COLLATERAL REALIZED LOSSES                                           TOTAL
--------------------------------------------------------------------------
<S>                                                                  <C>
CURRENT
Number of Loans Liquidated                                             -
Collateral Realized Loss/(Gain) Amount                                 -
Net Liquidation Proceeds                                               -

CUMULATIVE
Number of Loans Liquidated                                             -
Collateral Realized Loss/(Gain) Amount                                 -
Net Liquidation Proceeds                                               -
--------------------------------------------------------------------------
</TABLE>

Note: Collateral Realized Loss Amount may include adjustments to loans
      liquidated in prior periods.

                         SPACE INTENTIONALLY LEFT BLANK

<PAGE>

<TABLE>
<CAPTION>
DEFAULT SPEEDS                                                              TOTAL
<S>                                                                         <C>
MDR                                                                         0.00%
3 Months Avg MDR                                                            0.00%
12 Months Avg MDR                                                           0.00%
Avg MDR Since Cut-off                                                       0.00%

CDR                                                                         0.00%
3 Months Avg CDR                                                            0.00%
12 Months Avg CDR                                                           0.00%
Avg CDR Since Cut-off                                                       0.00%

SDA                                                                         0.00%
3 Months Avg SDA Approximation                                              0.00%
12 Months Avg SDA Approximation                                             0.00%
Avg SDA Since Cut-off Approximation                                         0.00%

Loss Severity Approximation for Current Period
3 Months Avg Loss Severity Approximation
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off
</TABLE>

COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY

Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total
Beg Principal Balance)

Conditional Default Rate (CDR): 1-((1-MDR) to the power of 12)

SDA Standard Default Assumption:
CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))

Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) *
(1-MDRn+1) *.......*(1-MDRm)] to the power of (1/months in period n,m)

Average CDR over period between the nth month and mth month (AvgCDRn,m):
1-((1-AvgMDRn,m) to the power of 12)

Average SDA Approximation over period between the nth month and mth month:

AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg
WASn,m)*0.02-0.0095*(Avg WASn,m-60)))

Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period
n,m)

Loss Severity Approximation for current period: sum(Realized Loss
Amount)/sum(Beg Principal Balance of Liquidated Loans)

Average Loss Severity Approximation over period between nth month and mth month:
Avg(Loss Severityn,m)

Note:    Default rates are calculated since deal issue date and include realized
         gains and additional realized losses and gains from prior periods.
         Dates correspond to distribution dates.

<PAGE>

   REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION

<TABLE>
<CAPTION>
SUMMARY                                                  LOAN GROUP
----------------------------------------------------------------------------------
<S>                                                      <C>
Total Loan Count = 0                                     Loan Group 1 = MSDW Group
Total Original Principal Balance = 0.00
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
----------------------------------------------------------------------------------
</TABLE>

Note: Total Realized Loss Amount may include adjustments to loans liquidated in
      prior periods.

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------
Loan Number             Original      Prior                   Current     State &
    &          Loan     Principal   Principal    Realized      Note        LTV at     Original   Origination
Loan Group    Status     Balance     Balance    Loss/(Gain)    Rate     Origination     Term        Date
------------------------------------------------------------------------------------------------------------
<S>          <C>        <C>         <C>         <C>           <C>       <C>           <C>        <C>
                                 SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

               TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT

<TABLE>
<CAPTION>
TRIGGER EVENTS                                                             TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
                         SPACE INTENTIONALLY LEFT BLANK
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
ADJUSTABLE RATE CERTIFICATE INFORMATION                                    TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
                         SPACE INTENTIONALLY LEFT BLANK
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
ADDITIONAL COLLATERAL                                                      TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
Basic Risk Shortfall                                                        0.00
Class A                                                                     0.00
Class B-1                                                                   0.00
Class B-2                                                                   0.00
Class B-3                                                                   0.00
Unpaid Basic Risk Shortfall                                                 0.00
Class A                                                                     0.00
Class B-1                                                                   0.00
Class B-2                                                                   0.00
Class B-3                                                                   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 2002-7
                           RECORD DATE: JULY 31, 2003
                       DISTRIBUTION DATE: AUGUST 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                           Certificate                              Beginning
                              Class         Certificate Pass-      Certificate            Interest
Class          CUSIP       Description         Through Rate          Balance            Distribution
----------------------------------------------------------------------------------------------------
<S>          <C>           <C>              <C>                   <C>                   <C>
  A          81743YAA5         SEN               1.44000%         475,100,276.56          570,120.33
 A-R         SMT0207AR         SEN               3.51358%                   0.00                0.00
 B-1         81743YAE7         SUB               1.85000%           8,080,000.00           12,456.67
 B-2         81743YAF4         SUB               2.78507%           5,771,000.00           13,393.86
 B-3         81743YAG2         SUB               2.78507%           3,463,000.00            8,037.24
 B-4         SMT0207B4         SUB               2.78507%           1,442,000.00            3,346.72
 B-5         SMT0207B5         SUB               2.78507%           1,154,000.00            2,678.31
 B-6         SMT0207B6         SUB               2.78507%           2,600,498.71            6,035.47
 X-1         81743YAC1         SEN               1.26527%                   0.00           88,606.97
 X-2         81743YAD9         SEN               1.35357%                   0.00          450,224.25
----------------------------------------------------------------------------------------------------
Totals                                                            497,610,775.27        1,154,899.82
----------------------------------------------------------------------------------------------------

<CAPTION>
                                                     Ending
                   Principal          Current     Certificate          Total               Cumulative
Class            Distribution      Realized Loss     Balance        Distribution          Realized Loss
-------------------------------------------------------------------------------------------------------
<S>              <C>               <C>           <C>                <C>                   <C>
  A              11,610,359.40         0.00      463,489,917.16     12,180,479.73             0.00
 A-R                      0.00         0.00                0.00              0.00             0.00
 B-1                      0.00         0.00        8,080,000.00         12,456.67             0.00
 B-2                      0.00         0.00        5,771,000.00         13,393.86             0.00
 B-3                      0.00         0.00        3,463,000.00          8,037.24             0.00
 B-4                      0.00         0.00        1,442,000.00          3,346.72             0.00
 B-5                      0.00         0.00        1,154,000.00          2,678.31             0.00
 B-6                      0.00         0.00        2,600,498.71          6,035.47             0.00
 X-1                      0.00         0.00                0.00         88,606.97             0.00
 X-2                      0.00         0.00                0.00        450,224.25             0.00
--------------------------------------------------------------------------------------------------
Totals           11,610,359.40         0.00      486,000,415.87     12,765,259.22             0.00
--------------------------------------------------------------------------------------------------
</TABLE>

All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                   Beginning              Scheduled       Unscheduled
           Original Face          Certificate             Principal        Principal                          Realized
Class          Amount               Balance             Distribution     Distribution         Accretion       Loss (1)
-----------------------------------------------------------------------------------------------------------------------
<S>        <C>                   <C>                    <C>              <C>                  <C>             <C>
  A        554,686,000.00        475,100,276.56            153.10        11,610,206.30           0.00           0.00
 A-R               100.00                  0.00              0.00                 0.00           0.00           0.00
 B-1         8,080,000.00          8,080,000.00              0.00                 0.00           0.00           0.00
 B-2         5,771,000.00          5,771,000.00              0.00                 0.00           0.00           0.00
 B-3         3,463,000.00          3,463,000.00              0.00                 0.00           0.00           0.00
 B-4         1,442,000.00          1,442,000.00              0.00                 0.00           0.00           0.00
 B-5         1,154,000.00          1,154,000.00              0.00                 0.00           0.00           0.00
 B-6         2,600,498.71          2,600,498.71              0.00                 0.00           0.00           0.00
 X-1                50.00                  0.00              0.00                 0.00           0.00           0.00
 X-2                50.00                  0.00              0.00                 0.00           0.00           0.00
--------------------------------------------------------------------------------------------------------------------
Totals     577,196,698.71        497,610,775.27            153.10        11,610,206.30           0.00           0.00
--------------------------------------------------------------------------------------------------------------------

<CAPTION>
            Total Principal     Ending Certificate      Ending Certificate   Total Principal
Class          Reduction              Balance               Percentage         Distribution
--------------------------------------------------------------------------------------------
<S>         <C>                 <C>                     <C>                  <C>
  A          11,610,359.40        463,489,917.16            0.83558972        11,610,359.40
 A-R                  0.00                  0.00            0.00000000                 0.00
 B-1                  0.00          8,080,000.00            1.00000000                 0.00
 B-2                  0.00          5,771,000.00            1.00000000                 0.00
 B-3                  0.00          3,463,000.00            1.00000000                 0.00
 B-4                  0.00          1,442,000.00            1.00000000                 0.00
 B-5                  0.00          1,154,000.00            1.00000000                 0.00
 B-6                  0.00          2,600,498.71            1.00000000                 0.00
 X-1                  0.00                  0.00            0.00000000                 0.00
 X-2                  0.00                  0.00            0.00000000                 0.00
--------------------------------------------------------------------------------------------
Totals       11,610,359.40        486,000,415.87            0.84200138        11,610,359.40
--------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                Beginning        Scheduled         Unscheduled
           Original Face       Certificate       Principal          Principal                         Realized
Class          Amount            Balance        Distribution      Distribution      Accretion         Loss (3)
---------------------------------------------------------------------------------------------------------------
<S>        <C>                <C>               <C>               <C>               <C>              <C>
  A        554,686,000.00      856.52112467      0.00027601        20.93113275      0.00000000       0.00000000
 A-R               100.00        0.00000000      0.00000000         0.00000000      0.00000000       0.00000000
 B-1         8,080,000.00     1000.00000000      0.00000000         0.00000000      0.00000000       0.00000000
 B-2         5,771,000.00     1000.00000000      0.00000000         0.00000000      0.00000000       0.00000000
 B-3         3,463,000.00     1000.00000000      0.00000000         0.00000000      0.00000000       0.00000000
 B-4         1,442,000.00     1000.00000000      0.00000000         0.00000000      0.00000000       0.00000000
 B-5         1,154,000.00     1000.00000000      0.00000000         0.00000000      0.00000000       0.00000000
 B-6         2,600,498.71     1000.00000000      0.00000000         0.00000000      0.00000000       0.00000000
 X-1                50.00        0.00000000      0.00000000         0.00000000      0.00000000       0.00000000
 X-2                50.00        0.00000000      0.00000000         0.00000000      0.00000000       0.00000000
---------------------------------------------------------------------------------------------------------------

<CAPTION>

              Total Principal    Ending Certificate       Ending Certificate     Total Principal
Class            Reduction             Balance                Percentage           Distribution
------------------------------------------------------------------------------------------------
<S>           <C>                <C>                      <C>                    <C>
  A             20.93140876          835.58971591              0.83558972          20.93140876
 A-R             0.00000000            0.00000000              0.00000000           0.00000000
 B-1             0.00000000         1000.00000000              1.00000000           0.00000000
 B-2             0.00000000         1000.00000000              1.00000000           0.00000000
 B-3             0.00000000         1000.00000000              1.00000000           0.00000000
 B-4             0.00000000         1000.00000000              1.00000000           0.00000000
 B-5             0.00000000         1000.00000000              1.00000000           0.00000000
 B-6             0.00000000         1000.00000000              1.00000000           0.00000000
 X-1             0.00000000            0.00000000              0.00000000           0.00000000
 X-2             0.00000000            0.00000000              0.00000000           0.00000000
----------------------------------------------------------------------------------------------
</TABLE>

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

                         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>
   A        554,686,000.00         1.44000%       475,100,276.56     570,120.33          0.00              0.00         0.00
  A-R               100.00         3.51358%                 0.00           0.00          0.00              0.00         0.00
  B-1         8,080,000.00         1.85000%         8,080,000.00      12,456.67          0.00              0.00         0.00
  B-2         5,771,000.00         2.78507%         5,771,000.00      13,393.86          0.00              0.00         0.00
  B-3         3,463,000.00         2.78507%         3,463,000.00       8,037.24          0.00              0.00         0.00
  B-4         1,442,000.00         2.78507%         1,442,000.00       3,346.72          0.00              0.00         0.00
  B-5         1,154,000.00         2.78507%         1,154,000.00       2,678.31          0.00              0.00         0.00
  B-6         2,600,498.71         2.78507%         2,600,498.71       6,035.47          0.00              0.00         0.00
  X-1                50.00         1.26527%        84,036,413.86      88,606.97          0.00              0.00         0.00
  X-2                50.00         1.35357%       399,143,862.70     450,224.25          0.00              0.00         0.00
----------------------------------------------------------------------------------------------------------------------------
 Totals     577,196,698.71                                         1,154,899.82          0.00              0.00         0.00
----------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                              Remaining          Ending
                                                Unpaid        Certificate/
              Realized    Total Interest       Interest        Notational
Class         Loss (4)     Distribution       Shortfall         Balance
---------------------------------------------------------------------------
<S>           <C>         <C>                 <C>            <C>
   A            0.00         570,120.33          0.00        463,489,917.16
  A-R           0.00               0.00          0.00                  0.00
  B-1           0.00          12,456.67          0.00          8,080,000.00
  B-2           0.00          13,393.86          0.00          5,771,000.00
  B-3           0.00           8,037.24          0.00          3,463,000.00
  B-4           0.00           3,346.72          0.00          1,442,000.00
  B-5           0.00           2,678.31          0.00          1,154,000.00
  B-6           0.00           6,035.47          0.00          2,600,498.71
  X-1           0.00          88,606.97          0.00         82,846,135.50
  X-2           0.00         450,224.25          0.00        388,723,781.66
---------------------------------------------------------------------------
 Totals         0.00       1,154,899.82          0.00
---------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                                          Payment of                         Non-
                              Current             Beginning                                 Unpaid          Current       Supported
Class     Original Face     Certificate         Certificate/        Current Accrued        Interest         Interest      Interest
 (5)         Amount            Rate           Notional Balance          Interest          Shortfall        Shortfall      Shortfall
------------------------------------------------------------------------------------------------------------------------------------
<S>       <C>               <C>               <C>                   <C>                   <C>              <C>            <C>
  A       554,686,000.00      1.44000%            856.52112467          1.02782535        0.00000000       0.00000000     0.00000000
 A-R              100.00      3.51358%              0.00000000          0.00000000        0.00000000       0.00000000     0.00000000
 B-1        8,080,000.00      1.85000%           1000.00000000          1.54166708        0.00000000       0.00000000     0.00000000
 B-2        5,771,000.00      2.78507%           1000.00000000          2.32089066        0.00000000       0.00000000     0.00000000
 B-3        3,463,000.00      2.78507%           1000.00000000          2.32088940        0.00000000       0.00000000     0.00000000
 B-4        1,442,000.00      2.78507%           1000.00000000          2.32088766        0.00000000       0.00000000     0.00000000
 B-5        1,154,000.00      2.78507%           1000.00000000          2.32089255        0.00000000       0.00000000     0.00000000
 B-6        2,600,498.71      2.78507%           1000.00000000          2.32088944        0.00000000       0.00000000     0.00000000
 X-1               50.00      1.26527%        1680728.27720000       1772.13940000        0.00000000       0.00000000     0.00000000
 X-2               50.00      1.35357%        7982877.25400000       9004.48500000        0.00000000       0.00000000     0.00000000
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                             Remaining
                                              Unpaid
Class      Realized      Total Interest      Interest       Ending  Certificate/
 (5)       Loss (6)       Distribution       Shortfall       Notational Balance
---------------------------------------------------------------------------------
<S>       <C>            <C>                 <C>            <C>
  A       0.00000000        1.02782535       0.00000000            835.58971591
 A-R      0.00000000        0.00000000       0.00000000              0.00000000
 B-1      0.00000000        1.54166708       0.00000000           1000.00000000
 B-2      0.00000000        2.32089066       0.00000000           1000.00000000
 B-3      0.00000000        2.32088940       0.00000000           1000.00000000
 B-4      0.00000000        2.32088766       0.00000000           1000.00000000
 B-5      0.00000000        2.32089255       0.00000000           1000.00000000
 B-6      0.00000000        2.32088944       0.00000000           1000.00000000
 X-1      0.00000000     1772.13940000       0.00000000        1656922.71000000
 X-2      0.00000000     9004.48500000       0.00000000        7774475.63320000
-------------------------------------------------------------------------------
</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                             12,910,490.93
         Liquidations, Insurance Proceeds, Reserve Funds                         0.00
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                  15,423.60
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                        -------------

Total Deposits                                                          12,925,914.53

Withdrawals

         Reimbursement for Servicer Advances                                   800.15
         Payment of Service Fee                                            159,855.16
         Payment of Interest and Principal                              12,765,259.22
                                                                        -------------

Total Withdrawals (Pool Distribution Amount)                            12,925,914.53

Ending Balance                                                                   0.00
                                                                        =============
</TABLE>
<PAGE>

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<TABLE>
<S>                                                             <C>
Total Prepayment/Curtailment Interest Shortfall                  0.00
Servicing Fee Support                                            0.00
                                                                -----
Non-Supported Prepayment Curtailment Interest Shortfall          0.00
                                                                =====
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                         <C>
Gross Servicing Fee                                         155,708.39
Master Servicing Fee                                          4,146.77
Supported Prepayment/Curtailment Interest Shortfall               0.00
                                                            ----------
Net Servicing Fee                                           159,855.16
                                                            ==========
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------
                                Beginning    Current      Current    Ending
         Account Type            Balance   Withdrawals   Deposits    Balance
----------------------------------------------------------------------------
<S>                             <C>        <C>           <C>        <C>
Basis Risk Reserve Fund - X-1   1,512.84      0.00         0.00     1,512.56
Basis Risk Reserve Fund - X-2   8,487.16      0.00         0.00     8,487.44
</TABLE>

<PAGE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------
              DELINQUENT                      BANKRUPTCY                      FORECLOSURE
-------------------------------------------------------------------------------------------------------
<S>        <C>        <C>           <C>        <C>        <C>        <C>         <C>        <C>
           No. of       Principal               No. of    Principal               No. of    Principal
            Loans        Balance                Loans      Balance                Loans      Balance

30 Days      11       6,017,392.46  30 Days       0         0.00     30 Days        0          0.00
60 Days       1         182,968.22  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
             ---------------------             -------------------               ------------------
             12       6,200,360.68                0         0.00                    0          0.00

            No. of      Principal               No. of    Principal               No. of    Principal
            Loans        Balance                Loans      Balance                 Loans     Balance
30 Days    0.815419%    1.238152%   30 Days    0.000000%  0.000000%  30 Days     0.000000%  0.000000%
60 Days    0.074129%    0.037648%   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%
           ---------------------               -------------------               -------------------
           0.889548%    1.275799%              0.000000%  0.000000%              0.000000%  0.000000%

<CAPTION>

-------------------------------------------------------------------
           REO                                   TOTAL
-------------------------------------------------------------------
<S>        <C>        <C>        <C>        <C>        <C>
            No. of    Principal              No. of      Principal
            Loans      Balance               Loans        Balance

30 Days        0        0.00      30 Days     11       6,017,392.46
60 Days        0        0.00      60 Days      1         182,968.22
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                  12       6,200,360.68

             No. of   Principal              No. of     Principal
              Loans    Balance               Loans       Balance
30 Days    0.000000%  0.000000%  30 Days    0.815419%    1.238152%
60 Days    0.000000%  0.000000%  60 Days    0.074129%    0.037648%
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%             0.889548%    1.275799%

</TABLE>

<TABLE>
<S>                                         <C>    <C>                                           <C>   <C>                 <C>
Current Period Class A Insufficient Funds:  0.00   Principal Balance of Contaminated Properties  0.00  Periodic Advance    15,423.60
</TABLE>

<TABLE>
<CAPTION>
                  Original $     Original %    Current $      Current %
<S>              <C>            <C>          <C>             <C>
Bankruptcy          100,261.00  0.01737033%     100,261.00   0.02062982%
Fraud            17,315,901.00  3.00000001%  17,315,901.00   3.56293954%
Special Hazard    5,771,967.00  1.00000000%   4,860,004.16   1.00000000%
</TABLE>

Limit of subordinate's exposure to certain types of losses

<PAGE>

                           DELINQUENCY STATUS BY GROUP

                                 ONE-MONTH LIBOR

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
           DELINQUENT                          BANKRUPTCY                      FORECLOSURE
--------------------------------------------------------------------------------------------------------
<S>        <C>        <C>           <C>        <C>         <C>        <C>      <C>          <C>
            No. of     Principal                 No. of    Principal              No. of    Principal
            Loans       Balance                  Loans      Balance               Loans      Balance
30 Days       2       1,860,753.71  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
           -----------------------             ------------------                -----------------
              2       1,860,753.71                 0         0.00                   0         0.00

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

30 Days    0.925926%    2.179348%   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%
           ---------------------               --------------------              -------------------
           0.925926%    2.179348%               0.000000%  0.000000%             0.000000%  0.000000%

<CAPTION>
-------------------------------------------------------------------
            REO                              TOTAL
-------------------------------------------------------------------
<S>        <C>        <C>        <C>        <C>        <C>
            No. of    Principal               No. of    Principal
            Loans      Balance                Loans      Balance
30 Days      0          0.00     30 Days        2      1,860,753.71
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                    2      1,860,753.71

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

30 Days    0.000000%  0.000000%  30 Days    0.925926%    2.179348%
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%             0.925926%    2.179348%
</TABLE>

                                SIX-MONTH LIBOR
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
           DELINQUENT                           BANKRUPTCY                        FORECLOSURE
--------------------------------------------------------------------------------------------------------
<S>        <C>        <C>           <C>        <C>         <C>        <C>        <C>        <C>
            No. of     Principal                No. of     Principal              No. of    Principal
             Loans      Balance                  Loans      Balance                Loans     Balance

30 Days        9      4,156,638.75  30 Days        0          0.00    30 Days       0          0.00
60 Days        1        182,968.22  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
           -----------------------             -------------------               ----------- ------
              10      4,339,606.97                 0          0.00                  0          0.00

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

30 Days    0.794351%    1.037560%   30 Days    0.000000%   0.000000%  30 Days    0.000000%  0.000000%
60 Days    0.088261%    0.045672%   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%
           ---------------------               --------------------              -------------------
           0.882613%    1.083231%              0.000000%   0.000000%             0.000000%  0.000000%

<CAPTION>
-------------------------------------------------------------------
               REO                             TOTAL
-------------------------------------------------------------------
<S>        <C>        <C>        <C>        <C>        <C>
            No. of    Principal              No. of     Principal
            Loans      Balance               Loans       Balance

30 Days        0        0.00     30 Days       9       4,156,638.75
60 Days        0        0.00     60 Days       1         182,968.22
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                  10       4,339,606.97

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

30 Days    0.000000%  0.000000%  30 Days    0.794351%   1.037560%
60 Days    0.000000%  0.000000%  60 Days    0.088261%   0.045672%
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%             0.882613%   1.083231%
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                 Mixed Fixed & Arm
<S>                                                    <C>
Weighted Average Gross Coupon                                 3.170562%
Weighted Average Net Coupon                                   2.795068%
Weighted Average Pass-Through Rate                            2.785068%
Weighted Average Maturity (Stepdown Calculation)                   345

Beginning Scheduled Collateral Loan Count                        1,374
Number of Loans Paid in Full                                        25
Ending Scheduled Collateral Loan Count                           1,349

Beginning Scheduled Collateral Balance                  497,610,775.27
Ending Scheduled Collateral Balance                     486,000,415.87
Ending Actual Collateral Balance at 31-July-2003        485,998,056.92

Monthly P&I Constant                                      1,314,908.07
Special Servicing Fee                                             0.00
Prepayment Penalties                                              0.00
Realization Loss Amount                                           0.00
Cumulative Realized Loss                                          0.00
Scheduled Principal                                             153.10
Unscheduled Principal                                    11,610,206.30
</TABLE>

                             MISCELLANEOUS REPORTING
<TABLE>
<S>                            <C>
Pro Rata Senior Percent         95.476284%
Senior Percent                 100.000000%
Senior Prepay Percent          100.000000%
Subordinate Percent              0.000000%
Subordinate Prepay Percent       0.000000%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
          GROUP                   ONE MONTH LIBOR   SIX MONTH LIBOR         TOTAL
<S>                               <C>               <C>               <C>
Collateral Description                   Monthly        6 Month Arm   Mixed Fixed & Arm
Weighted Average Coupon Rate            3.097122           3.186025            3.170562
Weighted Average Net Rate               2.722121           2.810426            2.795068
Pass-Through Rate                       2.712122           2.800426            2.785068
Weighted Average Maturity                    305                306                 345
Record Date                           07/31/2003         07/31/2003          07/31/2003
Principal and Interest Constant       223,523.05       1,091,385.02        1,314,908.07
Beginning Loan Count                         218              1,156               1,374
Loans Paid in Full                             2                 23                  25
Ending Loan Count                            216              1,133               1,349
Beginning Scheduled Balance        86,546,216.97     411,064,558.30      497,610,775.27
Ending Scheduled Balance           85,381,307.93     400,619,107.94      486,000,415.87
Scheduled Principal                       152.92               0.18              153.10
Unscheduled Principal               1,164,756.12      10,445,450.18       11,610,206.30
Scheduled Interest                    223,370.13       1,091,384.84        1,314,754.97
Servicing Fee                          27,045.70         128,662.69          155,708.39
Master Servicing Fee                      721.23           3,425.54            4,146.77
Trustee Fee                                 0.00               0.00                0.00
FRY Amount                                  0.00               0.00                0.00
Special Hazard Fee                          0.00               0.00                0.00
Other Fee                                   0.00               0.00                0.00
Pool Insurance Fee                          0.00               0.00                0.00
Spread 1                                    0.00               0.00                0.00
Spread 2                                    0.00               0.00                0.00
Spread 3                                    0.00               0.00                0.00
Net Interest                          195,603.20         959,296.61        1,154,899.81
Realized Loss Amount                        0.00               0.00                0.00
Cumulative Realized Loss                    0.00               0.00                0.00
Percentage of Cumulative Losses             0.00               0.00                0.00
Prepayment Penalties                        0.00               0.00                0.00
Special Servicing Fee                       0.00               0.00                0.00
</TABLE>

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"}]]