Document:

<PAGE>
                                                                    EXHIBIT 10.1
CONTACT: CUSTOMER SERVICES -- CTSLINK
                  WELLS FARGO BANK MINNESOTA, N.A.
                  SECURITIES ADMINISTRATION SERVICES
                  7485 NEW HORIZON WAY
                  FREDERICK, MD  21703
                  WWW.CTSLINK.COM
                  TELEPHONE:   (301) 815-6600
                  FAX:         (301) 315-6660

                                SMT SERIES 2002-7
                           RECORD DATE: JUNE 28, 2002
                        DISTRIBUTION DATE: JULY 22, 2002

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                      Certificate     Certificate        Beginning
                         Class        Pass-Through      Certificate        Interest         Principal         Current
   Class     CUSIP    Description         Rate            Balance        Distribution     Distribution     Realized Loss
---------------------------------------------------------------------------------------------------------------------------
<S>       <C>         <C>             <C>              <C>               <C>              <C>              <C>
     A     81743YAA5        SEN          2.17875%      551,170,546.20      1,000,719.02     2,975,369.00              0.00
    A-R    SMT0207AR        SEN          3.61708%                0.00              0.00             0.00              0.00
    B-1    81743YAE7        SUB          2.58875%        8,080,000.00         17,430.92             0.00              0.00
    B-2    81743YAF4        SUB          3.61708%        5,771,000.00         17,395.15             0.00              0.00
    B-3    81743YAG2        SUB          3.61708%        3,463,000.00         10,438.30             0.00              0.00
    B-4    SMT0207B4        SUB          3.61708%        1,442,000.00          4,346.53             0.00              0.00
    B-5    SMT0207B5        SUB          3.61708%        1,154,000.00          3,478.43             0.00              0.00
    B-6    SMT0207B6        SUB          3.61708%        2,600,498.71          7,838.52             0.00              0.00
    X-1    81743YAC1        SEN          1.10666%                0.00         87,903.78             0.00              0.00
    X-2    81743YAD9        SEN          1.49933%                0.00        579,669.83             0.00              0.00
---------------------------------------------------------------------------------------------------------------------------
Totals                                                 573,681,044.91      1,729,220.48     2,975,369.00              0.00
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------
               Ending
             Certificate         Total          Cumulative
   Class       Balance        Distribution     Realized Loss
--------------------------------------------------------------
<S>         <C>                 <C>            <C>
     A      548,195,177.20      3,976,088.02             0.00
    A-R               0.00              0.00             0.00
    B-1       8,080,000.00         17,430.92             0.00
    B-2       5,771,000.00         17,395.15             0.00
    B-3       3,463,000.00         10,438.30             0.00
    B-4       1,442,000.00          4,346.53             0.00
    B-5       1,154,000.00          3,478.43             0.00
    B-6       2,600,498.71          7,838.52             0.00
    X-1               0.00         87,903.78             0.00
    X-2               0.00        579,669.83             0.00
--------------------------------------------------------------
Totals      570,705,675.91      4,704,589.48             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     Total Principal
   Class         Amount           Balance       Distribution   Distribution     Accretion      Loss(1)         Reduction
----------------------------------------------------------------------------------------------------------------------------
<S>           <C>               <C>             <C>            <C>              <C>           <C>          <C>
     A        554,686,000.00    551,170,546.20         23.35     2,975,345.65         0.00          0.00       2,975,369.00
    A-R               100.00              0.00          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               0.00
    B-2         5,771,000.00      5,771,000.00          0.00             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               0.00
    B-4         1,442,000.00      1,442,000.00          0.00             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               0.00
    B-6         2,600,498.71      2,600,498.71          0.00             0.00         0.00          0.00               0.00
    X-1                50.00              0.00          0.00             0.00         0.00          0.00               0.00
    X-2                50.00              0.00          0.00             0.00         0.00          0.00               0.00
----------------------------------------------------------------------------------------------------------------------------
Totals        577,196,698.71    573,681,044.91         23.35     2,975,345.65         0.00          0.00       2,975,369.00
----------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------
                                            Ending
              Ending Certificate         Certificate     Total Principal
   Class           Balance                Percentage       Distribution
------------------------------------------------------------------------
<S>           <C>                        <C>             <C>
     A            548,195,177.20          0.98829820       2,975,369.00
    A-R                     0.00          0.00000000               0.00
    B-1             8,080,000.00          1.00000000               0.00
    B-2             5,771,000.00          1.00000000               0.00
    B-3             3,464,000.00          1.00000000               0.00
    B-4             1,442,000.00          1.00000000               0.00
    B-5             1,154,000.00          1.00000000               0.00
    B-6             2,600,498.71          1.00000000               0.00
    X-1                     0.00          0.00000000               0.00
    X-2                     0.00          0.00000000               0.00
------------------------------------------------------------------------
Totals            570,705,675.91          0.98875423       2,975,369.00
------------------------------------------------------------------------
</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     Total Principal
   Class         Amount            Balance       Distribution     Distribution   Accretion       Loss (3)        Reduction
-----------------------------------------------------------------------------------------------------------------------------
<S>           <C>                <C>             <C>              <C>            <C>            <C>          <C>
     A        554,686,000.00      993.66226333    0.00004210       5.36401793    0.00000000     0.00000000       5.36406003
    A-R               100.00        0.00000000    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       0.00000000
    B-2         5,771,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    B-3         3,463,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    B-4         1,442,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    B-5         1,154,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    B-6         2,600,498.71     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    X-1                50.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    X-2                50.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------

               Ending Certificate    Ending Certificate    Total Principal
   Class             Balance                Percentage        Distribution
----------------------------------------------------------------------------
<S>            <C>                   <C>                   <C>
     A              988.29820331          0.98829820         5.36406003
    A-R               0.00000000          0.00000000         0.00000000
    B-1            1000.00000000          1.00000000         0.00000000
    B-2            1000.00000000          1.00000000         0.00000000
    B-3            1000.00000000          1.00000000         0.00000000
    B-4            1000.00000000          1.00000000         0.00000000
    B-5            1000.00000000          1.00000000         0.00000000
    B-6            1000.00000000          1.00000000         0.00000000
    X-1               0.00000000          0.00000000         0.00000000
    X-2               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-
                                     Current      Certificate/       Current        Unpaid       Current      Supported
               Original Face      Certificate       Notional         Accrued       Interest      Interest     Interest
  Class            Amount             Rate          Balance         Interest      Shortfall     Shortfall     Shortfall
--------------------------------------------------------------------------------------------------------------------------
<S>           <C>                 <C>            <C>              <C>             <C>           <C>           <C>
    A         554,686,000.00         2.17875%    551,170,546.20   1,000,719.02          0.00          0.00         0.00
   A-R                100.00         3.61708%              0.00           0.00          0.00          0.00         0.00
   B-1          8,080,000.00         2.58875%      8,080,000.00      17,430.92          0.00          0.00         0.00
   B-2          5,771,000.00         3.16708%      5,771,000.00      17,395.15          0.00          0.00         0.00
   B-3          3,463,000.00         3.16708%      3,463,000.00      10,438.30          0.00          0.00         0.00
   B-4          1,442,000.00         3.16708%      1,442,000.00       4,346.53          0.00          0.00         0.00
   B-5          1,154,000.00         3.16708%      1,154,000.00       3,478.43          0.00          0.00         0.00
   B-6          2,600,498.71         3.16708%      2,600,498.71       7,838.52          0.00          0.00         0.00
   X-1                 50.00         1.10666%     95,313,427.98      87,899.66          0.00          0.00         0.00
   X-2                 50.00         1.49933%    463,937,118.22     579,663.16          0.00          0.00         0.00
--------------------------------------------------------------------------------------------------------------------------
 Totals       577,196,698.71                                      1,729,209.69          0.00          0.00         0.00
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------
                                             Remaining         Ending
                                               Unpaid       Certificate/
               Realized    Total Interest     Interest       Notational
  Class        Loss (4)     Distribution     Shortfall         Balance
-----------------------------------------------------------------------------
<S>            <C>         <C>               <C>            <C>
    A               0.00     1,000,719.02          0.00     548,195,177.20
   A-R              0.00             0.00          0.00               0.00
   B-1              0.00        17,430.92          0.00       8,080,000.00
   B-2              0.00        17,395.15          0.00       5,771,000.00
   B-3              0.00        10,438.30          0.00       3,463,000.00
   B-4              0.00         4,346.53          0.00       1,442,000.00
   B-5              0.00         3,478.43          0.00       1,154,000.00
   B-6              0.00         7,838.52          0.00       2,600,498.71
   X-1              0.00        87,903.78          0.00      94,900,800.14
   X-2              0.00       579,669.83          0.00     461,374,377.06
-----------------------------------------------------------------------------
 Totals             0.00     1,729,220.48          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           Current         Unpaid        Current     Supported
  Class       Original Face  Certificate    Certificate/         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    2.17875%        993.66226333       1.80411804     0.00000000   0.00000000    0.00000000
   A-R              100.00    3.61708%          0.00000000       0.00000000     0.00000000   0.00000000    0.00000000
   B-1        8,080,000.00    2.58875%       1000.00000000       2.15729208     0.00000000   0.00000000    0.00000000
   B-2        5,771,000.00    3.61708%       1000.00000000       3.01423497     0.00000000   0.00000000    0.00000000
   B-3        3,463,000.00    3.61708%       1000.00000000       3.01423621     0.00000000   0.00000000    0.00000000
   B-4        1,442,000.00    3.61708%       1000.00000000       3.01423717     0.00000000   0.00000000    0.00000000
   B-5        1,154,000.00    3.61708%       1000.00000000       3.01423744     0.00000000   0.00000000    0.00000000
   B-6        2,600,498.71    3.61708%       1000.00000000       3.01423722     0.00000000   0.00000000    0.00000000
   X-1               50.00    1.10666%    6268559.60000010   57993.20000000     0.00000000   0.00000000    0.00000000
   X-2               50.00    1.49933%    8742364.40000150   93263.20000000     0.00000000   0.00000000    0.00000000
------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<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        1.80411804   0.00000000         988.29820331
   A-R          0.00000000        0.00000000   0.00000000           0.00000000
   B-1          0.00000000        2.15729208   0.00000000        1000.00000000
   B-2          0.00000000        3.01423497   0.00000000        1000.00000000
   B-3          0.00000000        3.01423621   0.00000000        1000.00000000
   B-4          0.00000000        3.01423717   0.00000000        1000.00000000
   B-5          0.00000000        3.01423744   0.00000000        1000.00000000
   B-6          0.00000000        3.01423722   0.00000000        1000.00000000
   X-1          0.00000000    58075.60000000   0.00000000    98016002.80000000
   X-2          0.00000000    93396.60000000   0.00000000    27487541.20000080
--------------------------------------------------------------------------------
</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

<TABLE>
 --------------------------------------------------------------------------------------
<S>                                                                       <C>
                                  CERTIFICATE ACCOUNT

 Beginning Balance                                                                0.00

 Deposits
          Payments of Interest and Principal                              4,888,837.54
          Liquidations, Insurance Proceeds, Reserve Funds                        10.81
          Proceeds from Repurchased Loans                                         0.00
          Other Amounts (Servicer Advances)                                       0.00
          Realized Losses                                                         0.00
          Prepayment Penalties                                                    0.00
                                                                          -------------

 Total Deposits                                                           4,888,848.35

 Withdrawals
          Reimbursement for Servicer Advances                                     0.00
          Payment of Service Fee                                            184,258.87
          Payment of Interest and Principal                               4,704,589.48
                                                                          -------------

 Total Withdrawals (Pool Distribution Amount)                             4,888,848.35

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

<TABLE>
     --------------------------------------------------------------------------------
<S>                                                                          <C>
                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

     Total Prepayment/Curtailment Interest Shortfall                        (1,691.58)
     Servicing Fee Support                                                       0.00
                                                                            ---------

     Non-Supported Prepayment Curtailment Interest Shortfall                     0.00
                                                                            =========
     --------------------------------------------------------------------------------
</TABLE>

<TABLE>
    ---------------------------------------------------------------------------------
<S>                                                                        <C>
                                        SERVICING FEES

    Gross Servicing Fee                                                    179,478.24
    Master Servicing Fee                                                     4,780.63
    Supported Prepayment/Curtailment Interest Shortfall                          0.00
                                                                           ----------

    Net Servicing Fee                                                      184,258.87
                                                                    ==================
    ---------------------------------------------------------------------------------
</TABLE>

<TABLE>
-----------------------------------------------------------------------------------------------------
                                            Beginning             Current        Current     Ending
         Account Type                        Balance            Withdrawals      Deposits    Balance
-----------------------------------------------------------------------------------------------------
<S>                                         <C>                 <C>              <C>        <C>
Basis Risk Reserve Fund -- X-1               1,509.72               0.00           4.13     1,509.72
Basis Risk Reserve Fund -- X-2               8,490.28               0.00           6.68     8,490.28
-----------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>
             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

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

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

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

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

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

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

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

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
                    Original $      Original %      Current $        Current %

<S>              <C>               <C>           <C>                <C>
    Bankruptcy      100,261.00     0.01737033%      100,261.00      0.01756790%
         Fraud   17,315,901.00     3.00000001%   17,315,901.00      3.03412104%
Special Hazard    5,771,967.00     1.00000000%    5,771,967.00      1.01137368
--------------------------------------------------------------------------------
</TABLE>

<PAGE>
                           DELINQUENCY STATUS BY GROUP

                                 ONE-MONTH LIBOR

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

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

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

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

                                 SIX-MONTH LIBOR

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

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

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

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

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

30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days     0.000000%   0.000000%   60 Days     0.000000%   0.000000%
90 Days     0.000000%   0.000000%   90 Days     0.000000%   0.000000%
120 Days    0.000000%   0.000000%   120 Days    0.000000%   0.000000%
150 Days    0.000000%   0.000000%   150 Days    0.000000%   0.000000%
180+ Days   0.000000%   0.000000%   180+ Days   0.000000%   0.000000%
            --------------------                --------------------
            0.000000%   0.000000%               0.000000%   0.000000%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------
                              COLLATERAL STATEMENT

Collateral Description                                           Mixed Fixed & Arm
<S>                                                              <C>
Weighted Average Gross Coupon                                            4.002464%
Weighted Average Net Coupon                                              3.627037%
Weighted Average Pass-Through Rate                                       3.627037%
Weighted Average Maturity (Stepdown Calculation)                               358

Beginning Scheduled Collateral Loan Count                                    1,279
Number of Loans Paid in Full                                                  (273)
Ending Scheduled Collateral Loan Count                                       1,552

Beginning Scheduled Collateral Balance                              472,280,044.91
Ending Scheduled Collateral Balance                                 570,705,675.91
Ending Actual Collateral Balance at 30-June-2002                    570,705,492.62

Monthly P&I Constant                                                  1,913,471.24
Special Servicing Fee                                                         0.00
Prepayment Penalties                                                          0.00
Realization Loss Amount                                                       0.00
Cumulative Realized Loss                                                      0.00
Scheduled Principal                                                          23.35
Unscheduled Principal                                                 2,975,345.65
----------------------------------------------------------------------------------
</TABLE>

<TABLE>
<S>                                                                <C>
-----------------------------------------------------------------------------
                            MISCELLANEOUS REPORTING

Pro Rata Senior Percent                                             96.076130%
Senior Percent                                                     100.000000%
Senior Prepay Percent                                              100.000000%
Subordinate Percent                                                  0.000000%
Subordinate Prepay Percent                                           0.000000%
Basis Risk Reserve Fund Income X-1                                        4.13
Basis Risk Reserve Fund Income X-2                                        6.68
-----------------------------------------------------------------------------
</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                     3.676330           4.069518                 4.002464
Weighted Average Net Rate                        3.301334           3.694006                 3.627037
Weighted Average Maturity                             318                319                      358
Record Date                                    06/28/2002         06/28/2002               06/28/2002
Principal and Interest Constant                299,560.04       1,613,911.20             1,913,471.24
Beginning Loan Count                                  202              1,077                    1,279
Loans Paid in Full                                   (40)              (233)                    (273)
Ending Loan Count                                     242              1,310                    1,552
Beginning Scheduled Balance                 97,772,827.10     475,908,217.80           573,681,044.90
Ending Scheduled Balance                    97,362,649.83     473,343,026.08           570,705,675.91
Scheduled Principal                                 22.40               0.95                    23.35
Unscheduled Principal                          410,154.87       2,565,190.78             2,975,345.65
Scheduled Interest                             299,537.64       1,613,930.89             1,913,468.35
Servicing Fee                                   30,553.69         148,924.55               179,478.24
Master Servicing Fee                               814.77           3,965.86                 4,780.63
Trustee Fee                                          0.00               0.00                     0.00
FRY Amount                                           0.00               0.00                     0.00
Special Hazard Fee                                   0.00               0.00                     0.00
Other Fee                                            0.00               0.00                     0.00
Pool Insurance Fee                                   0.00               0.00                     0.00
Spread 1                                             0.00               0.00                     0.00
Spread 2                                             0.00               0.00                     0.00
Spread 3                                             0.00               0.00                     0.00
Net Interest                                   268,169.18       1,461,040.48             1,729,209.66
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><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, 2002
                              DISTRIBUTION DATE: AUGUST 20, 2002
<TABLE>
<CAPTION>
                             CERTIFICATEHOLDER DISTRIBUTION SUMMARY
----------------------------------------------------------------------------------------------
                         Certificate  Certificate     Beginning
                         Class        Pass-Through   Certificate      Interest     Principal
  Class       CUSIP      Description     Rate          Balance      Distribution  Distribution
----------------------------------------------------------------------------------------------
<S>         <C>          <C>          <C>          <C>              <C>           <C>
    A       81743YAA5       SEN          2.18000%  548,195,177.20     995,887.91  5,876,975.34
   A-R      SMT0207AR       SEN          3.61671%            0.00           0.00          0.00
   B-1      81743YAE7       SUB          2.59000%    8,080,000.00      17,439.33          0.00
   B-2      81743YAF4       SUB          3.61671%    5,771,000.00      17,393.37          0.00
   B-3      81743YAG2       SUB          3.61671%    3,463,000.00      10,437.23          0.00
   B-4      SMT0207B4       SUB          3.61671%    1,442,000.00       4,346.08          0.00
   B-5      SMT0207B5       SUB          3.61671%    1,154,000.00       3,478.07          0.00
   B-6      SMT0207B6       SUB          3.61671%    2,600,498.71       7,837.71          0.00
   X-1      81743YAC1       SEN          1.10460%            0.00      87,356.45          0.00
   X-2      81743YAD9       SEN          1.49784%            0.00     575,888.49          0.00
----------------------------------------------------------------------------------------------
Totals                                             570,705,675.91   1,720,064.64  5,876,975.34
----------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
        CERTIFICATEHOLDER DISTRIBUTION SUMMARY
-----------------------------------------------------------
        Current       Ending                     Cumulative
        Realized    Certificate      Total        Realized
  Class   Loss        Balance     Distribution      Loss
-----------------------------------------------------------
<S>     <C>       <C>             <C>            <C>
    A      0.00   542,318,201.86  6,872,863.35       0.00
   A-R     0.00             0.00          0.00       0.00
   B-1     0.00     8.080,000.00     17,439.33       0.00
   B-2     0.00     5,771,000.00     17,393.37       0.00
   B-3     0.00     3,463,000.00     10,437.23       0.00
   B-4     0.00     1,442,000.00      4,346.08       0.00
   B-5     0.00     1,154,000.00      3,478.07       0.00
   B-6     0.00     2,600,498.71      7,837.71       0.00
   X-1     0.00             0.00     87,356.45       0.00
   X-2     0.00             0.00    575,888.49       0.00
-----------------------------------------------------------
Totals     0.00   564,828,700.57  7,597,039.98       0.00
-----------------------------------------------------------
</TABLE>
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.

<TABLE>
<CAPTION>
                            PRINCIPAL DISTRIBUTION STATEMENT
-----------------------------------------------------------------------------------------
                             Beginning    Scheduled   Unscheduled
-----------------------------------------------------------------------------------------

             Original     Certificate     Principal     Principal                Realized
  Class    Face Amount      Balance      Distribution  Distribution   Accretion   Loss(1)
-----------------------------------------------------------------------------------------
<S>      <C>              <C>            <C>          <C>             <C>        <C>
    A    554,686,000.00   548,195,177.20   1,520.71   5,875,454.63      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  570,705,675..91   1,520.71   5,875,454.63      0.00       0.00
-----------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
               PRINCIPAL DISTRIBUTION STATEMENT
---------------------------------------------------------------------

---------------------------------------------------------------------
            Total           Ending          Ending          Total
          Principal      Certificate     Certificate      Principal
  Class   Reduction        Balance        Percentage     Distribution
---------------------------------------------------------------------
<S>     <C>           <C>                 <C>           <C>
    A   5,876,975.34  542,318,201.86      0.97770306    5,876,975.34
   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  5,876,975.34  564,828,700.57      0.97857230    5,876,975.34
---------------------------------------------------------------------
</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>

<TABLE>
<CAPTION>
                        PRINCIPAL DISTRIBUTION FACTORS STATEMENT
---------------------------------------------------------------------------------------------
                           Beginning      Scheduled    Unscheduled
             Original     Certificate     Principal     Principal                  Realized
  Class    Face Amount      Balance     Distribution   Distribution   Accretion      Loss(3)
---------------------------------------------------------------------------------------------
<S>      <C>              <C>           <C>            <C>            <C>          <C>
    A    554,686,000.00    988.29820331   0.00274157   10.59239755    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
---------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
           PRINCIPAL DISTRIBUTION FACTORS STATEMENT
---------------------------------------------------------------------
           Total          Ending            Ending          Total
         Principal     Certificate       Certificate      Principal
 Class   Reduction       Balance          Percentage     Distribution
---------------------------------------------------------------------
<S>      <C>           <C>               <C>             <C>
    A    10.59513912    977.70306418      0.97770306     10.59513912
   A-R    0.00000000      0.00000000      0.00000000      0.00000000
   B-1    0.00000000   1000.00000000      0.00000000      0.00000000
   B-2    0.00000000   1000.00000000      0.00000000      0.00000000
   B-3    0.00000000   1000.00000000      0.00000000      0.00000000
   B-4    0.00000000   1000.00000000      0.00000000      0.00000000
   B-5    0.00000000   1000.00000000      0.00000000      0.00000000
   B-6    0.00000000   1000.00000000      0.00000000      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.

<TABLE>
<CAPTION>
                               INTEREST DISTRIBUTION STATEMENT
--------------------------------------------------------------------------------------------
                                           Beginning                     Payment
                              Current     Certificate/      Current     of Unpaid    Current
            Original        Certificate     Notional        Accrued     Interest    Interest
 Class     Face Amount          Rate        Balance        Interest     Shortfall   Shortfall
--------------------------------------------------------------------------------------------
<S>       <C>               <C>         <C>              <C>            <C>         <C>
   A      554,686,000.00     2.18000%   548,195,177.20     995,887.91      0.00        0.00
  A-R             100.00     3.61671%             0.00           0.00      0.00        0.00
  B-1       8,080,000.00     2.59000%     8,080,000.00      17,439.33      0.00        0.00
  B-2       5,771,000.00     3.61671%     5,771,000.00      17,393.37      0.00        0.00
  B-3       3,463,000.00     3.61671%     3,463,000.00      10,437.23      0.00        0.00
  B-4       1,442,000.00     3.61671%     1,442,000.00       4,346.08      0.00        0.00
  B-5       1,154,000.00     3.61671%     1,154,000.00       3,478.07      0.00        0.00
  B-6       2,600,498.71     3.61671%     2,600,498.71       7,837.71      0.00        0.00
  X-1              50.00     1.10460%    94,900,800.14      87,356.45      0.00        0.00
  X-2              50.00     1.49784%   461,374,377.06     575,888.49      0.00        0.00
--------------------------------------------------------------------------------------------
 Totals   577,196,698.71                                 1,720,064.64      0.00        0.00
--------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                  INTEREST DISTRIBUTION STATEMENT
-----------------------------------------------------------------
                                       Remaining      Ending
                          Total         Unpaid      Certificate/
           Realized      Interest      Interest     Notational
 Class      Loss(4)     Distribution   Shortfall      Balance
-----------------------------------------------------------------
<S>        <C>          <C>             <C>        <C>
   A         0.00        995,887.91        0.00   542,318,201.86
  A-R        0.00              0.00        0.00             0.00
  B-1        0.00         17,439.33        0.00     8,080,000.00
  B-2        0.00         17,393.37        0.00     5,771,000.00
  B-3        0.00         10,437.23        0.00     3,463,000.00
  B-4        0.00          4,346.08        0.00     1,442,000.00
  B-5        0.00          3,478.07        0.00     1,154,000.00
  B-6        0.00          7,837.71        0.00     2,600,498.71
  X-1        0.00         87,356.45        0.00    94,201,461.99
  X-2        0.00        575,888.49        0.00   456,196,739.87
-----------------------------------------------------------------
 Totals      0.00      1,720,064.64        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>

<TABLE>
<CAPTION>
                           INTEREST DISTRIBUTION FACTORS STATEMENT
-------------------------------------------------------------------------------------------
                                      Beginning                      Payment
                         Current     Certificate/      Current      of Unpaid      Current
 Class      Original   Certificate     Notional        Accrued      Interest      Interest
  (5)     Face Amount     Rate         Balance        Interest      Shortfall     Shortfall
-------------------------------------------------------------------------------------------
<S>     <C>            <C>       <C>               <C>              <C>          <C>
   A    554,686,000.00  2.18000%     988.29820331      1.79540841   0.00000000   0.00000000
  A-R           100.00  3.61671%       0.00000000      0.00000000   0.00000000   0.00000000
  B-1     8,080,000.00  2.59000%    1000.00000000      2.15833292   0.00000000   0.00000000
  B-2     5,771,000.00  3.61671%    1000.00000000      3.01392653   0.00000000   0.00000000
  B-3     3,463,000.00  3.61671%    1000.00000000      3.01392723   0.00000000   0.00000000
  B-4     1,442,000.00  3.61671%    1000.00000000      3.01392510   0.00000000   0.00000000
  B-5     1,154,000.00  3.61671%    1000.00000000      3.01392548   0.00000000   0.00000000
  B-6     2,600,498.71  3.61671%    1000.00000000      3.01392574   0.00000000   0.00000000
  X-1           50.00   1.10460% 8016002.80000000  47129.00000000   0.00000000   0.00000000
  X-2           50.00   1.49784% 7487541.20000080  17769.80000000   0.00000000   0.00000000
-------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                INTEREST DISTRIBUTION FACTORS STATEMENT
----------------------------------------------------------------------
   Non-                                  Remaining          Ending
 Supported                   Total         Unpaid        Certificate/
 Interest     Realized     Interest      Interest         Notational
 Shortfall     Loss(6)    Distribution   Shortfall         Balance
----------------------------------------------------------------------
<S>          <C>         <C>             <C>         <C>
0.00000000   0.00000000      1.79540841   0.00000000      977.70306418
0.00000000   0.00000000      0.00000000   0.00000000        0.00000000
0.00000000   0.00000000      2.15833292   0.00000000     1000.00000000
0.00000000   0.00000000      3.01392653   0.00000000     1000.00000000
0.00000000   0.00000000      3.01392723   0.00000000     1000.00000000
0.00000000   0.00000000      3.01392510   0.00000000     1000.00000000
0.00000000   0.00000000      3.01392548   0.00000000     1000.00000000
0.00000000   0.00000000      3.01392574   0.00000000     1000.00000000
0.00000000   0.00000000  47129.00000000   0.00000000 84029239.80000000
0.00000000   0.00000000  17769.80000000   0.00000000 23934797.39999960
----------------------------------------------------------------------
</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.

<TABLE>
                       CERTIFICATEHOLDER ACCOUNT STATEMENT
--------------------------------------------------------------------------------

                               CERTIFICATE ACCOUNT
<S>                                                       <C>
Beginning Balance                                                 0.00

Deposits
      Payments of Interest and Principal                  7,780,346.55
      Liquidations, Insurance Proceeds, Reserve Funds             0.00
      Proceeds from Repurchased Loans                             0.00
      Other Amounts (Servicer Advances)                           0.00
      Realized Losses                                             0.00
      Prepayment Penalties                                        0.00
                                                          ------------

Total Deposits                                            7,780,346.55

Withdrawals
      Reimbursement for Servicer Advances                         0.00
      Payment of Service Fee                                183,306.57
      Payment of Interest and Principal                   7,597,039.98
                                                          ------------

Total Withdrawals (Pool Distribution Amount)              7,780,346.55

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

<PAGE>
<TABLE>
                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
--------------------------------------------------------------------------------
<S>                                                        <C>
Total Prepayment/Curtailment Interest Shortfall                   0.00
Servicing Fee Support                                             0.00
                                                          ------------

Non-Supported Prepayment Curtailment Interest Shortfall           0.00
                                                          ============
--------------------------------------------------------------------------------
</TABLE>

<TABLE>

--------------------------------------------------------------------------------

                                 SERVICING FEES
<S>                                                        <C>
Gross Servicing Fee                                         178,550.71
Master Servicing Fee                                          4,755.86
Supported Prepayment/Curtailment Interest Shortfall               0.00
                                                          ------------

Net Servicing Fee                                           183,306.57
                                                          ============
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
-------------------------------------------------------------------------------------
                                     Beginning       Current       Current    Ending
          Account Type                Balance      Withdrawals    Deposits    Balance
-------------------------------------------------------------------------------------
<S>                                  <C>           <C>            <C>        <C>
Basis Risk Reserve Fund -- X-1       1,509.72        0.00          0.00      1,509.72
Basis Risk Reserve Fund -- X-2       8,490.28        0.00          0.00      8,490.28
-------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                        LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
-----------------------------------------------------------------------------------------------------
          DELINQUENT                        BANKRUPTCY                        FORECLOSURE
-----------------------------------------------------------------------------------------------------

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

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

30 Days     0.000000%   0.000000%  30 Days    0.000000%   0.000000%  30 Days    0.000000%   0.000000%
60 Days     0.000000%   0.000000%  60 Days    0.000000%   0.000000%  60 Days    0.000000%   0.000000%
90 Days     0.000000%   0.000000%  90 Days    0.000000%   0.000000%  90 Days    0.000000%   0.000000%
120 Days    0.000000%   0.000000%  120 Days   0.000000%   0.000000%  120 Days   0.000000%   0.000000%
150 Days    0.000000%   0.000000%  150 Days   0.000000%   0.000000%  150 Days   0.000000%   0.000000%
180+ Days   0.000000%   0.000000%  180+ Days  0.000000%   0.000000%  180+ Days  0.000000%   0.000000%

            ---------   ---------             ---------   ---------             ---------   ---------
            0.000000%   0.000000%             0.000000%   0.000000%             0.000000%   0.000000%

-----------------------------------------------------------------------------------------------------

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

<TABLE>
<CAPTION>
      LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
------------------------------------------------------------------
             REO                              TOTAL
------------------------------------------------------------------

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

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

30 Days    0.000000%   0.000000%  30 Days    0.000000%   0.000000%
60 Days    0.000000%   0.000000%  60 Days    0.000000%   0.000000%
90 Days    0.000000%   0.000000%  90 Days    0.000000%   0.000000%
120 Days   0.000000%   0.000000%  120 Days   0.000000%   0.000000%
150 Days   0.000000%   0.000000%  150 Days   0.000000%   0.000000%
180+ Days  0.000000%   0.000000%  180+ Days  0.000000%   0.000000%

           ---------   ---------             ---------   --------
           0.000000%   0.000000%             0.000000%   0.000000%

------------------------------------------------------------------

 0.00      Periodic Advance                                  0.00
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
                      Original $     Original %     Current $     Current %
<S>                  <C>            <C>          <C>             <C>
         Bankruptcy     100,261.00  0.01737033%     100,261.00   0.01775069%
              Fraud  17,315,901.00  3.00000001%  17,315,901.00   3.06569071%
     Special Hazard   5,771,967.00  1.00000000%   5,771,967.00   1.02189690%

Limit of subordinate's exposure to certain types of losses
--------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                     DELINQUENCY STATUS BY GROUP

                                           ONE-MONTH LIBOR
----------------------------------------------------------------------------------------------------
           DELINQUENT                        BANKRUPTCY                     FORECLOSURE
----------------------------------------------------------------------------------------------------

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

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

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

<TABLE>
<CAPTION>
                    DELINQUENCY STATUS BY GROUP

                          ONE-MONTH LIBOR
------------------------------------------------------------------
             REO                              TOTAL
------------------------------------------------------------------

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

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

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

<TABLE>
<CAPTION>
                                             SIX-MONTH LIBOR
--------------------------------------------------------------------------------------------------------
           DELINQUENT                         BANKRUPTCY                         FORECLOSURE
--------------------------------------------------------------------------------------------------------

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

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

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

<TABLE>
<CAPTION>
                            SIX-MONTH LIBOR
---------------------------------------------------------------------
              REO                                TOTAL
---------------------------------------------------------------------

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

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

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

<PAGE>

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------

                              COLLATERAL STATEMENT

Collateral Description                                         Mixed Fixed & Arm
----------------------                                         -----------------
<S>                                                            <C>
Weighted Average Gross Coupon                                          4.002143%
Weighted Average Net Coupon                                            3.626711%
Weighted Average Pass-Through Rate                                     3.616711%
Weighted Average Maturity (Stepdown Calculation)                             357

Beginning Scheduled Collateral Loan Count                                  1,552
Number of Loans Paid in Full                                                   9
Ending Scheduled Collateral Loan Count                                     1,543

Beginning Scheduled Collateral Balance                            570,705,675.91
Ending Scheduled Collateral Balance                               564,828,700.57
Ending Actual Collateral Balance at 31-July-2002                  564,829,184.42

Monthly P&I Constant                                                1,904,891.93
Special Servicing Fee                                                       0.00
Prepayment Penalties                                                        0.00
Realization Loss Amount                                                     0.00
Cumulative Realized Loss                                                    0.00
Scheduled Principal                                                     1,520.71
Unscheduled Principal                                               5,875,454.63
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------

                             MISCELLANEOUS REPORTING
<S>                                                                  <C>
Pro Rata Senior Percent                                               96.055673%
Senior Percent                                                       100.000000%
Senior Prepay Percent                                                100.000000%
Subordinate Percent                                                    0.000000%
Subordinate Prepay Percent                                             0.000000%
Basis Risk Reserve Fund Income X-1                                         $1.69
Basis Risk Reserve Fund Income X-2                                         $9.50
--------------------------------------------------------------------------------
</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          3.675559        4.069318            4.002143
Weighted Average Net Rate             3.300559        3.693798            3.626711
Pass-Through Rate                     3.290559        3.693798            3.616711
Weighted Average Maturity                  317             318                 357
Record Date                         07/31/2002      07/31/2002          07/31/2002
Principal and Interest Constant     298,218.55    1,606,673.38        1,904,891.93
Beginning Loan Count                       242           1,310               1,552
Loans Paid in Full                           1               8                   9
Ending Loan Count                          241           1,302               1,543
Beginning Scheduled Balance       97,362,649.83 473,343,026.08      570,705,675.91
Ending Scheduled Balance          96,671,263.07 468,157,437.50      564,828,700.57
Scheduled Principal                       0.11        1,520.60            1,520.71
Unscheduled Principal               691,386.65    5,184,067.98        5,875,454.63
Scheduled Interest                  298,218.44    1,605,152.78        1,903,371.22
Servicing Fee                        30,425.83      148,124.88          178,550.71
Master Servicing Fee                    811.35        3,944.51            4,755.86
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                        266,981.26    1,453,083.39        1,720,064.65
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-00043-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}]]