Document:

exv10w1

 

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

	 	 	 	 	 	 	 	 	 
	

	 	Seller:

Certificate Insurer:

Servicer(s):
	 	Redwood Trust

Cendant Mortgage Corporation

Morgan Stanley Dean Witter
	 	Cut-Off Date:

Closing Date:

First Payment Date:
	 	April 1, 2002

April 26, 2002

May 20, 2002
	 
	 	 	 	 	 	 	 	 
	

	 	Underwriter(s):
	 	Greenwich Capital Markets, Inc.

Bear, Stearns & Co. Inc.
	 	Distribution Date:

Record Date:
	 	March 19, 2004

March 18, 2004

February 27, 2004

 

SEQUOIA MORTGAGE TRUST 6

Collateralized Mortgage Bonds

Bond Payment Report for March 19, 2004 Distribution

          Distribution in Dollars - Current Period

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Prior	 	 	 	 
	 	 	Class	 	Original	 	Principal	 	 	 	 
	Class
	 	Type
	 	Face Value
	 	Balance
	 	Interest
	 	Principal

	 	 	 	 	 	 	 	 	 	 	(1)	 	(2)	 	(3)
	LT-A
	 	 	 	 	 	 	496,378,000.00	 	 	 	391,063,128.63	 	 	 	797,304.43	 	 	 	5,448,487.24	 
	LT-A2
	 	 	 	 	 	 	100.00	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-X
	 	 	 	 	 	 	100.00	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-B-1
	 	 	 	 	 	 	5,915,000.00	 	 	 	5,915,000.00	 	 	 	12,059.58	 	 	 	—	 
	LT-B-2
	 	 	 	 	 	 	5,143,000.00	 	 	 	5,143,000.00	 	 	 	10,485.61	 	 	 	—	 
	 
	 	 		 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	LT-B-3
	 	 	 	 	 	 	2,315,000.00	 	 	 	2,315,000.00	 	 	 	4,719.85	 	 	 	—	 
	LT-B-4
	 	 	 	 	 	 	1,534,000.00	 	 	 	1,534,000.00	 	 	 	3,127.54	 	 	 	—	 
	LT-B-5
	 	 	 	 	 	 	1,028,000.00	 	 	 	1,028,000.00	 	 	 	2,095.90	 	 	 	—	 
	LT-B-6
	 	 	 	 	 	 	2,068,996.83	 	 	 	2,068,996.83	 	 	 	4,218.30	 	 	 	—	 
	LT-R
	 	 	 	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	 
	 	 		 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	 	 	 	 	514,382,196.83	 	 	 	409,067,125.46	 	 	 	834,011.21	 	 	 	5,448,487.24	 
	 
	 	 		 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Current
	 	 	Total	 	Realized	 	Deferred	 	Principal
	Class
	 	Distribution
	 	Losses
	 	Interest
	 	Balance

	 	 	(4)=(2)+(3)	 	(5)	 	(6)	 	(7)=(1)-(3)-(5)+(6)
	LT-A
	 	 	6,245,791.67	 	 	 	—	 	 	 	—	 	 	 	385,614,641.39	 
	LT-A2
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-X
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-B-1
	 	 	12,059.58	 	 	 	—	 	 	 	—	 	 	 	5,915,000.00	 
	LT-B-2
	 	 	10,485.61	 	 	 	—	 	 	 	—	 	 	 	5,143,000.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	LT-B-3
	 	 	4,719.85	 	 	 	—	 	 	 	—	 	 	 	2,315,000.00	 
	LT-B-4
	 	 	3,127.54	 	 	 	—	 	 	 	—	 	 	 	1,534,000.00	 
	LT-B-5
	 	 	2,095.90	 	 	 	—	 	 	 	—	 	 	 	1,028,000.00	 
	LT-B-6
	 	 	4,218.30	 	 	 	—	 	 	 	—	 	 	 	2,068,996.83	 
	LT-R
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	6,282,498.45	 	 	 	—	 	 	 	—	 	 	 	403,618,638.22	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

          Interest Accrual Detail                  Current Period Factor Information per $1,000 of Original Face

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Orig. Principal
	 	 	Period	 	Period	 	 	 	 	 	 	 	 	 	(with Notional)
	Class
	 	Starting
	 	Ending
	 	Method
	 	Cusip
	 	Balance

	LT-A
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	 	 	 	 	496,378,000.00	 
	LT-A2
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	 	 	 	 	100.00	 
	LT-X
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	 	 	 	 	100.00	 
	LT-B-1
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	 	 	 	 	5,915,000.00	 
	LT-B-2
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	 	 	 	 	5,143,000.00	 
	 
	 	 		 	 	 		 	 	 	
 	 	 	 		 	 	 	
 	 
	LT-B-3
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	 	 	 	 	2,315,000.00	 
	LT-B-4
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	 	 	 	 	1,534,000.00	 
	LT-B-5
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	 	 	 	 	1,028,000.00	 
	LT-B-6
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	 	 	 	 	2,068,996.83	 
	LT-R
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	 	 	 	 	—	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Prior	 	 	 	 	 	 	 	 	 	 	 	 	 	Current
	 	 	Principal	 	 	 	 	 	 	 	 	 	Total	 	Principal
	Class
	 	Balance
	 	Interest
	 	Principal
	 	Distribution
	 	Balance

	 	 	(1)	 	(2)	 	(3)	 	(4)=(2)+(3)	 	(5)
	LT-A
	 	 	787.833322	 	 	 	1.606244	 	 	 	10.976488	 	 	 	12.582733	 	 	 	776.856834	 
	LT-A2
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-X
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-B-1
	 	 	1,000.000000	 	 	 	2.038813	 	 	 	—	 	 	 	2.038813	 	 	 	1,000.000000	 
	LT-B-2
	 	 	1,000.000000	 	 	 	2.038812	 	 	 	—	 	 	 	2.038812	 	 	 	1,000.000000	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	LT-B-3
	 	 	1,000.000000	 	 	 	2.038812	 	 	 	—	 	 	 	2.038812	 	 	 	1,000.000000	 
	LT-B-4
	 	 	1,000.000000	 	 	 	2.038814	 	 	 	—	 	 	 	2.038814	 	 	 	1,000.000000	 
	LT-B-5
	 	 	1,000.000000	 	 	 	2.038813	 	 	 	—	 	 	 	2.038813	 	 	 	1,000.000000	 
	LT-B-6
	 	 	1,000.000000	 	 	 	2.038814	 	 	 	—	 	 	 	2.038814	 	 	 	1,000.000000	 
	LT-R
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 

 

 

          Distribution in Dollars - to Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Original	 	 	 	 	 	Unscheduled	 	Scheduled	 	Total
	Class
	 	Face Value
	 	Interest
	 	Principal
	 	Principal
	 	Principal

	 	 	(1)	 	(2)	 	(3)	 	(4)	 	(5)=(3)+(4)
	LT-A
	 	 	496,378,000.00	 	 	 	24,605,843.23	 	 	 	110,763,358.61	 	 	 	—	 	 	 	110,763,358.61	 
	LT-A2  
	 	 	100.00	 	 	 	0.27	 	 	 	100.00	 	 	 	—	 	 	 	100.00	 
	LT-X
	 	 	100.00	 	 	 	—	 	 	 	100.00	 	 	 	—	 	 	 	100.00	 
	LT-B-1
	 	 	5,915,000.00	 	 	 	323,386.04	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-B-2
	 	 	5,143,000.00	 	 	 	281,179.10	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-B-3
	 	 	2,315,000.00	 	 	 	126,566.12	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-B-4
	 	 	1,534,000.00	 	 	 	83,867.12	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-B-5
	 	 	1,028,000.00	 	 	 	56,203.03	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-B-6
	 	 	2,068,996.83	 	 	 	113,116.62	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-R
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	514,382,196.83	 	 	 	25,590,161.53	 	 	 	110,763,558.61	 	 	 	—	 	 	 	110,763,558.61	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Current
	 	 	Total	 	Realized	 	Deferred	 	Principal
	Class
	 	Distribution
	 	Losses
	 	Interest
	 	Balance

	 	 	(6)=(2)+(5)	 	(7)	 	(8)	 	(9)=(1)-(5)-(7)+(8)
	LT-A
	 	 	135,369,201.84	 	 	 	—	 	 	 	—	 	 	 	385,614,641.39	 
	LT-A2  
	 	 	100.27	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-X
	 	 	100.00	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-B-1
	 	 	323,386.04	 	 	 	—	 	 	 	—	 	 	 	5,915,000.00	 
	LT-B-2
	 	 	281,179.10	 	 	 	—	 	 	 	—	 	 	 	5,143,000.00	 
	LT-B-3
	 	 	126,566.12	 	 	 	—	 	 	 	—	 	 	 	2,315,000.00	 
	LT-B-4
	 	 	83,867.12	 	 	 	—	 	 	 	—	 	 	 	1,534,000.00	 
	LT-B-5
	 	 	56,203.03	 	 	 	—	 	 	 	—	 	 	 	1,028,000.00	 
	LT-B-6
	 	 	113,116.62	 	 	 	—	 	 	 	—	 	 	 	2,068,996.83	 
	LT-R
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	136,353,720.14	 	 	 	—	 	 	 	—	 	 	 	403,618,638.22	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

          Interest Detail

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Pass-	 	Prior Principal	 	 	 	 	 	Non-	 	Prior
	 	 	Through	 	(with Notional)	 	Accrued	 	Supported	 	Unpaid
	Class
	 	Rate
	 	Balance
	 	Interest
	 	Interest SF
	 	Interest

	 	 	 	 	 	 	 	 	 	 	(1)	 	(2)	 	(3)
	LT-A
	 	 	2.44658	%	 	 	391,063,128.63	 	 	 	797,304.43	 	 	 	—	 	 	 	—	 
	LT-A2  
	 	 	2.44658	%	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-X
	 	 	 	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-B-1
	 	 	2.44658	%	 	 	5,915,000.00	 	 	 	12,059.58	 	 	 	—	 	 	 	—	 
	LT-B-2
	 	 	2.44658	%	 	 	5,143,000.00	 	 	 	10,485.61	 	 	 	—	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	LT-B-3
	 	 	2.44658	%	 	 	2,315,000.00	 	 	 	4,719.85	 	 	 	—	 	 	 	—	 
	LT-B-4
	 	 	2.44658	%	 	 	1,534,000.00	 	 	 	3,127.54	 	 	 	—	 	 	 	—	 
	LT-B-5
	 	 	2.44658	%	 	 	1,028,000.00	 	 	 	2,095.90	 	 	 	—	 	 	 	—	 
	LT-B-6
	 	 	2.44658	%	 	 	2,068,996.83	 	 	 	4,218.30	 	 	 	—	 	 	 	—	 
	LT-R
	 	 	 	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	 	 	 	 	409,067,125.46	 	 	 	834,011.21	 	 	 	—	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Unscheduled	 	 	 	 	 	Paid or	 	Current
	 	 	Interest	 	Optimal	 	Deferred	 	Unpaid
	Class
	 	Adjustments
	 	Interest
	 	Interest
	 	Interest

	 	 	(4)	 	(5)=(1)-(2)-(3)+(4)	 	(6)	 	(7)=(5)-(6)
	LT-A
	 	 	—	 	 	 	797,304.43	 	 	 	797,304.43	 	 	 	—	 
	LT-A2  
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-X
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	LT-B-1
	 	 	—	 	 	 	12,059.58	 	 	 	12,059.58	 	 	 	—	 
	LT-B-2
	 	 	—	 	 	 	10,485.61	 	 	 	10,485.61	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	LT-B-3
	 	 	—	 	 	 	4,719.85	 	 	 	4,719.85	 	 	 	—	 
	LT-B-4
	 	 	—	 	 	 	3,127.54	 	 	 	3,127.54	 	 	 	—	 
	LT-B-5
	 	 	—	 	 	 	2,095.90	 	 	 	2,095.90	 	 	 	—	 
	LT-B-6
	 	 	—	 	 	 	4,218.30	 	 	 	4,218.30	 	 	 	—	 
	LT-R
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	—	 	 	 	834,011.21	 	 	 	834,011.21	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

 

 

          Distribution in Dollars - Current Period

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Prior	 	 	 	 
	 	 	Class	 	Original	 	Principal	 	 	 	 
	Class
	 	Type
	 	Face Value
	 	Balance
	 	Interest
	 	Principal

	 	 	 	 	 	 	 	 	 	 	(1)	 	(2)	 	(3)
	A
	 	FLT	 	 	496,378,000.00	 	 	 	391,063,128.63	 	 	 	459,906.53	 	 	 	5,448,487.24	 
	X
	 	CSTR	 	 	100.00	 	 	 	—	 	 	 	344,707.16	 	 	 	—	 
	A-R
	 	 	R	 	 	 	100.00	 	 	 	—	 	 	 	—	 	 	 	—	 
	B-1
	 	SUB	 	 	5,915,000.00	 	 	 	5,915,000.00	 	 	 	8,829.37	 	 	 	—	 
	B-2
	 	SUB	 	 	5,143,000.00	 	 	 	5,143,000.00	 	 	 	7,677.00	 	 	 	—	 
	 
	 	 		 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	B-3
	 	SUB	 	 	2,315,000.00	 	 	 	2,315,000.00	 	 	 	3,455.62	 	 	 	—	 
	B-4
	 	SUB	 	 	1,534,000.00	 	 	 	1,534,000.00	 	 	 	3,127.54	 	 	 	—	 
	B-5
	 	SUB	 	 	1,028,000.00	 	 	 	1,028,000.00	 	 	 	2,095.90	 	 	 	—	 
	B-6
	 	SUB	 	 	2,068,996.00	 	 	 	2,068,996.00	 	 	 	4,218.30	 	 	 	—	 
	 
	 	 		 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	 	 	 	 	514,382,196.00	 	 	 	409,067,124.63	 	 	 	834,017.42	 	 	 	5,448,487.24	 
	 
	 	 		 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Current
	 	 	Total	 	Realized	 	Deferred	 	Principal
	Class
	 	Distribution
	 	Losses
	 	Interest
	 	Balance

	 	 	(4)=(2)+(3)	 	(5)	 	(6)	 	(7)=(1)-(3)-(5)+(6)
	A
	 	 	5,908,393.77	 	 	 	—	 	 	 	—	 	 	 	385,614,641.39	 
	X
	 	 	344,707.16	 	 	 	—	 	 	 	—	 	 	 	—	 
	A-R
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	B-1
	 	 	8,829.37	 	 	 	—	 	 	 	—	 	 	 	5,915,000.00	 
	B-2
	 	 	7,677.00	 	 	 	—	 	 	 	—	 	 	 	5,143,000.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	B-3
	 	 	3,455.62	 	 	 	—	 	 	 	—	 	 	 	2,315,000.00	 
	B-4
	 	 	3,127.54	 	 	 	—	 	 	 	—	 	 	 	1,534,000.00	 
	B-5
	 	 	2,095.90	 	 	 	—	 	 	 	—	 	 	 	1,028,000.00	 
	B-6
	 	 	4,218.30	 	 	 	—	 	 	 	—	 	 	 	2,068,996.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	6,282,504.66	 	 	 	—	 	 	 	—	 	 	 	403,618,637.39	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

Definitive Bond Record Date: 2/27/04

          Interest Accrual Detail                  Current Period Factor Information per $1,000 of Original Face

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Orig. Principal
	 	 	Period	 	Period	 	 	 	 	 	 	 	 	 	(with Notional)
	Class
	 	Starting
	 	Ending
	 	Method
	 	Cusip
	 	Balance

	A
	 	 	02/19/04	 	 	 	03/18/04	 	 	 	A-30/360	 	 	 	81743XAA7	 	 	 	496,378,000.00	 
	X
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	SQ0201UPX	 	 	 	100.00	 
	A-R
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	81743XAC3	 	 	 	100.00	 
	B-1
	 	 	02/19/04	 	 	 	03/18/04	 	 	 	A-30/360	 	 	 	81743XAB5	 	 	 	5,915,000.00	 
	B-2
	 	 	02/19/04	 	 	 	03/18/04	 	 	 	A-30/360	 	 	 	81743XAD1	 	 	 	5,143,000.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	B-3
	 	 	02/19/04	 	 	 	03/18/04	 	 	 	A-30/360	 	 	 	81743XAE9	 	 	 	2,315,000.00	 
	B-4
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	SQ0201UB4	 	 	 	1,534,000.00	 
	B-5
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	SQ0201UB5	 	 	 	1,028,000.00	 
	B-6
	 	 	 	 	 	 	 	 	 	 	A-30/360	 	 	 	SQ0201UB6	 	 	 	2,068,996.00	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Prior	 	 	 	 	 	 	 	 	 	 	 	 	 	Current
	 	 	Principal	 	 	 	 	 	 	 	 	 	Total	 	Principal
	Class
	 	Balance
	 	Interest
	 	Principal
	 	Distribution
	 	Balance

	 	 	(1)	 	(2)	 	(3)	 	(4)=(2)+(3)	 	(5)
	A
	 	 	787.833322	 	 	 	0.926525	 	 	 	10.976488	 	 	 	11.903013	 	 	 	776.856834	 
	X
	 	 	—	 	 	 	3,447,071.600000	 	 	 	—	 	 	 	3,447,071.600000	 	 	 	—	 
	A-R
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	B-1
	 	 	1,000.000000	 	 	 	1.492708	 	 	 	—	 	 	 	1.492708	 	 	 	1,000.000000	 
	B-2
	 	 	1,000.000000	 	 	 	1.492709	 	 	 	—	 	 	 	1.492709	 	 	 	1,000.000000	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	B-3
	 	 	1,000.000000	 	 	 	1.492708	 	 	 	—	 	 	 	1.492708	 	 	 	1,000.000000	 
	B-4
	 	 	1,000.000000	 	 	 	2.038814	 	 	 	—	 	 	 	2.038814	 	 	 	1,000.000000	 
	B-5
	 	 	1,000.000000	 	 	 	2.038813	 	 	 	—	 	 	 	2.038813	 	 	 	1,000.000000	 
	B-6
	 	 	1,000.000000	 	 	 	2.038815	 	 	 	—	 	 	 	2.038815	 	 	 	1,000.000000	 

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

 

 

          Distribution in Dollars - to Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Original	 	 	 	 	 	Unscheduled	 	Scheduled	 	Total
	Class
	 	Face Value
	 	Interest
	 	Principal
	 	Principal
	 	Principal

	 	 	(1)	 	(2)	 	(3)	 	(4)	 	(5)=(3)+(4)
	A
	 	 	496,378,000.00	 	 	 	14,685,022.27	 	 	 	110,763,358.61	 	 	 	—	 	 	 	110,763,358.61	 
	X
	 	 	100.00	 	 	 	10,119,883.24	 	 	 	100.00	 	 	 	—	 	 	 	100.00	 
	A-R
	 	 	100.00	 	 	 	0.27	 	 	 	100.00	 	 	 	—	 	 	 	100.00	 
	B-1
	 	 	5,915,000.00	 	 	 	235,414.74	 	 	 	—	 	 	 	—	 	 	 	—	 
	B-2
	 	 	5,143,000.00	 	 	 	204,689.48	 	 	 	—	 	 	 	—	 	 	 	—	 
	B-3
	 	 	2,315,000.00	 	 	 	92,136.10	 	 	 	—	 	 	 	—	 	 	 	—	 
	B-4
	 	 	1,534,000.00	 	 	 	83,867.12	 	 	 	—	 	 	 	—	 	 	 	—	 
	B-5
	 	 	1,028,000.00	 	 	 	56,203.03	 	 	 	—	 	 	 	—	 	 	 	—	 
	B-6
	 	 	2,068,996.00	 	 	 	113,116.58	 	 	 	—	 	 	 	—	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	514,382,196.00	 	 	 	25,590,332.83	 	 	 	110,763,558.61	 	 	 	—	 	 	 	110,763,558.61	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Current
	 	 	Total	 	Realized	 	Deferred	 	Principal
	Class
	 	Distribution
	 	Losses
	 	Interest
	 	Balance

	 	 	(6)=(2)+(5)	 	(7)	 	(8)	 	(9)=(1)-(5)-(7)+(8)
	A
	 	 	125,448,380.88	 	 	 	—	 	 	 	—	 	 	 	385,614,641.39	 
	X
	 	 	10,119,983.24	 	 	 	—	 	 	 	—	 	 	 	—	 
	A-R
	 	 	100.27	 	 	 	—	 	 	 	—	 	 	 	—	 
	B-1
	 	 	235,414.74	 	 	 	—	 	 	 	—	 	 	 	5,915,000.00	 
	B-2
	 	 	204,689.48	 	 	 	—	 	 	 	—	 	 	 	5,143,000.00	 
	B-3
	 	 	92,136.10	 	 	 	—	 	 	 	—	 	 	 	2,315,000.00	 
	B-4
	 	 	83,867.12	 	 	 	—	 	 	 	—	 	 	 	1,534,000.00	 
	B-5
	 	 	56,203.03	 	 	 	—	 	 	 	—	 	 	 	1,028,000.00	 
	B-6
	 	 	113,116.58	 	 	 	—	 	 	 	—	 	 	 	2,068,996.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	136,353,891.44	 	 	 	—	 	 	 	—	 	 	 	403,618,637.39	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

          Interest Detail

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Pass-	 	Prior Principal	 	 	 	 	 	Non-	 	Prior
	 	 	Through	 	(with Notional)	 	Accrued	 	Supported	 	Unpaid
	Class
	 	Rate
	 	Balance
	 	Interest
	 	Interest SF
	 	Interest

	 	 	 	 	 	 	 	 	 	 	(1)	 	(2)	 	(3)
	A
	 	 	1.41125	%	 	 	391,063,128.63	 	 	 	459,906.53	 	 	 	—	 	 	 	—	 
	X
	 	 	1.02276	%	 	 	—	 	 	 	344,707.16	 	 	 	—	 	 	 	—	 
	A-R
	 	 	2.44658	%	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	B-1
	 	 	1.79125	%	 	 	5,915,000.00	 	 	 	8,829.37	 	 	 	—	 	 	 	—	 
	B-2
	 	 	1.79125	%	 	 	5,143,000.00	 	 	 	7,677.00	 	 	 	—	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	B-3
	 	 	1.79125	%	 	 	2,315,000.00	 	 	 	3,455.62	 	 	 	—	 	 	 	—	 
	B-4
	 	 	2.44658	%	 	 	1,534,000.00	 	 	 	3,127.54	 	 	 	—	 	 	 	—	 
	B-5
	 	 	2.44658	%	 	 	1,028,000.00	 	 	 	2,095.90	 	 	 	—	 	 	 	—	 
	B-6
	 	 	2.44658	%	 	 	2,068,996.00	 	 	 	4,218.30	 	 	 	—	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	 	 	 	 	409,067,124.63	 	 	 	834,017.42	 	 	 	—	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Unscheduled	 	 	 	 	 	Paid or	 	Current
	 	 	Interest	 	Optimal	 	Deferred	 	Unpaid
	Class
	 	Adjustments
	 	Interest
	 	Interest
	 	Interest

	 	 	(4)	 	(5)=(1)-(2)+(3)+(4)	 	(6)	 	(7)=(5)-(6)
	A
	 	 	—	 	 	 	459,906.53	 	 	 	459,906.53	 	 	 	—	 
	X
	 	 	—	 	 	 	344,707.16	 	 	 	344,707.16	 	 	 	—	 
	A-R
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	B-1
	 	 	—	 	 	 	8,829.37	 	 	 	8,829.37	 	 	 	—	 
	B-2
	 	 	—	 	 	 	7,677.00	 	 	 	7,677.00	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	B-3
	 	 	—	 	 	 	3,455.62	 	 	 	3,455.62	 	 	 	—	 
	B-4
	 	 	—	 	 	 	3,127.54	 	 	 	3,127.54	 	 	 	—	 
	B-5
	 	 	—	 	 	 	2,095.90	 	 	 	2,095.90	 	 	 	—	 
	B-6
	 	 	—	 	 	 	4,218.30	 	 	 	4,218.30	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Total
	 	 	—	 	 	 	834,017.42	 	 	 	834,017.42	 	 	 	—	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

 

 

Collection Account Report

	 	 	 	 	 
	SUMMARY
	 	TOTAL

	Principal Collections
	 	 	5,448,487.24	 
	Principal Withdrawals
	 	 	0.00	 
	Principal Other Accounts
	 	 	0.00	 
	TOTAL PRINCIPAL
	 	 	5,448,487.24	 
	Interest Collected
	 	 	843,200.81	 
	Interest Withdrawals
	 	 	0.00	 
	Interest Other Accounts
	 	 	6.21	 
	Fees
	 	 	(9,189.59	)
	TOTAL INTEREST
	 	 	834,017.43	 
	TOTAL AVAILABLE TO CERTIFICATEHOLDERS
	 	 	6,282,504.67	 

	 	 	 	 	 
	PRINCIPAL - COLLECTIONS
	 	TOTAL

	Scheduled Principal
	 	 	0.00	 
	Curtailments
	 	 	490,931.88	 
	Prepayments In Full
	 	 	4,957,555.36	 
	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
	 	 	5,448,487.24	 

 

 

	 	 	 	 	 	 	 	 	 
	PRINCIPAL - WITHDRAWALS
	 	 	 	 	 	TOTAL

	 
	 	SPACE INTENTIONALLY LEFT BLANK	 	 	 	 

	 	 	 	 	 
	PRINCIPAL - OTHER ACCOUNTS
	 	TOTAL

	Amounts remaining in Pre-Funding Account
	 	 	0.00	 

	 	 	 	 	 
	INTEREST - COLLECTIONS
	 	TOTAL

	Scheduled Interest
	 	 	963,729.62	 
	Repurchased Interest
	 	 	0.00	 
	Substitution Interest Amount
	 	 	0.00	 
	Liquidation Interest
	 	 	0.00	 
	Insurance Interest
	 	 	0.00	 
	Other Interest
	 	 	0.00	 
	Delinquent Interest
	 	 	(904,809.38	)
	Interest Advanced
	 	 	784,280.57	 
	Prepayment Interest Shortfalls
	 	 	(5,405.15	)
	Compensating Interest
	 	 	5,405.15	 
	Civil Relief Act Shortfalls
	 	 	0.00	 
	TOTAL INTEREST COLLECTED
	 	 	843,200.81	 

	 	 	 	 	 
	INTEREST - WITHDRAWALS
	 	TOTAL

	Current Nonrecoverable Advances
	 	 	0.00	 
	TOTAL INTEREST WITHDRAWALS
	 	 	0.00	 

 

 

	 	 	 	 	 
	INTEREST - OTHER ACCOUNTS
	 	TOTAL

	Basis Risk Shortfall
	 	 	0.00	 
	Basis Risk Reserve Fund Interest Earnings
	 	 	6.21	 
	TOTAL INTEREST OTHER ACCOUNTS
	 	 	6.21	 

	 	 	 	 	 
	INTEREST - FEES
	 	TOTAL

	Current Servicing Fees
	 	 	7,826.03	 
	Trustee Fee
	 	 	1,363.56	 
	TOTAL FEES
	 	 	9,189.59	 

 

 

Credit Enhancement Report

	 	 	 	 	 
	ACCOUNTS
	 	TOTAL

	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
	 	 	6.21	 
	Ending Balance
	 	 	10,000.00	 

	 	 	 	 	 	 	 	 	 
	INSURANCE
	 	 	 	 	 	TOTAL

	 
	 	SPACE INTENTIONALLY LEFT BLANK	 	 	 	 

	 	 	 	 	 
	STRUCTURAL FEATURES
	 	TOTAL

	Pro Rata Senior Percentage
	 	 	95.598767	%
	Senior Percentage
	 	 	100.000000	%
	Subordinate Percentage
	 	 	0.000000	%
	Senior Prepayment Percentage
	 	 	100.000000	%
	Subordinate Percentage
	 	 	0.000000	%

 

 

Collateral Report

	 	 	 	 	 
	COLLATERAL
	 	TOTAL

	Loan Count:
	 	 	 	 
	Original
	 	 	1254	 
	Prior
	 	 	1,004	 
	Prefunding
	 	 	—	 
	Scheduled Paid Offs
	 	 	—	 
	Full Voluntary Prepayments
	 	 	(8	)
	Repurchases
	 	 	—	 
	Liquidations
	 	 	—	 
	 
	 	 	
 	 
	Current
	 	 	996	 
	Principal Balance:
	 	 	 	 
	Original
	 	 	514,382,196.83	 
	Prior
	 	 	409,067,125.46	 
	Prefunding
	 	 	—	 
	Scheduled Principal
	 	 	—	 
	Partial and Full Voluntary Prepayments
	 	 	(5,448,487.24	)
	Repurchases
	 	 	—	 
	Liquidations
	 	 	—	 
	 
	 	 	
 	 
	Current
	 	 	403,618,638.22	 

	 	 	 	 	 	 	 	 	 
	 	 	PREFUNDING
	 	TOTAL

	

	 	SPACE INTENTIONALLY LEFT BLANK	 	 	 	 

 

 

	 	 	 	 	 
	CHARACTERISTICS
	 	TOTAL

	Weighted Average Coupon Original
	 	 	3.667751	%
	Weighted Average Coupon Prior
	 	 	2.767223	%
	Weighted Average Coupon Current
	 	 	2.827105	%
	 
	 	 	
 	 
	Weighted Average Months to Maturity Original
	 	 	297	 
	Weighted Average Months to Maturity Prior
	 	 	276	 
	Weighted Average Months to Maturity Current
	 	 	275	 
	 
	 	 	
 	 
	Weighted Avg Remaining Amortization Term Original
	 	 	296	 
	Weighted Avg Remaining Amortization Term Prior
	 	 	275	 
	Weighted Avg Remaining Amortization Term Current
	 	 	274	 
	 
	 	 	
 	 
	Weighted Average Seasoning Original
	 	 	3.66	 
	Weighted Average Seasoning Prior
	 	 	24.63	 
	Weighted Average Seasoning Current
	 	 	25.63	 

Note: Original information refers to deal issue.

	 	 	 	 	 
	ARM CHARACTERISTICS
	 	TOTAL

	Weighted Average Margin Original
	 	 	1.652	%
	Weighted Average Margin Prior
	 	 	1.642	%
	Weighted Average Margin Current
	 	 	1.642	%
	 
	 	 	
 	 
	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
	 	 	1.642	%
	Weighted Average Min Rate Current
	 	 	1.642	%
	 
	 	 	
 	 
	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	%

Note: Original information refers to deal issue.

 

 

	 	 	 	 	 
	SERVICING FEES / ADVANCES
	 	TOTAL

	Current Servicing Fees
	 	 	7,826.03	 
	Delinquent Servicing Fees
	 	 	120,528.82	 
	TOTAL SERVICING FEES
	 	 	128,354.85	 
	Total Servicing Fees
	 	 	128,354.85	 
	Compensating Interest
	 	 	(5,405.15	)
	Delinquent Servicing Fees
	 	 	(120,528.82	)
	COLLECTED SERVICING FEES
	 	 	2,420.88	 
	Prepayment Interest Shortfall
	 	 	5,405.15	 
	Total Advanced Interest
	 	 	784,280.57	 
	 
	 	 	
 	 
	Current Nonrecoverable Advances
	 	 	0.00	 

	 	 	 	 	 
	ADDITIONAL COLLATERAL INFORMATION
	 	TOTAL

	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	 

 

 

Delinquency Report - Total

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	<1 PAYMENT
	 	1 PAYMENT
	 	2 PAYMENTS
	 	3+ PAYMENTS
	 	TOTAL

	DELINQUENT
	 	Balance	 	 	 	 	 	 	1,234,243.85	 	 	 	—	 	 	 	—	 	 	 	1,234,243.85	 
	 
	 	% Balance	 	 	 	 	 	 	0.31	%	 	 	0.00	%	 	 	0.00	%	 	 	0.31	%
	 
	 	# Loans	 	 	 	 	 	 	3	 	 	 	—	 	 	 	—	 	 	 	3	 
	 
	 	% # Loans	 	 	 	 	 	 	0.30	%	 	 	0.00	%	 	 	0.00	%	 	 	0.30	%
	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	 	 	—	 	 	 	1,234,243.85	 	 	 	—	 	 	 	—	 	 	 	1,234,243.85	 
	 
	 	% Balance	 	 	0.00	%	 	 	0.31	%	 	 	0.00	%	 	 	0.00	%	 	 	0.31	%
	 
	 	# Loans	 	 	—	 	 	 	3	 	 	 	—	 	 	 	—	 	 	 	3	 
	 
	 	% # Loans	 	 	0.00	%	 	 	0.30	%	 	 	0.00	%	 	 	0.00	%	 	 	0.30	%

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

 

 

REO Report  -  Mortgage Loans that Become REO During Current Distribution

	 	 	 
	SUMMARY	 	LOAN GROUP
	
	 	

	Total Loan Count = 0

	 	Loan Group 1 = MSDW; REO Book Value = 000.00
	Total Original Principal Balance = 000.00
	 	 
	Total Current Balance = 000.00
	 	 
	REO Book Value = 000.00
	 	 

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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Loan Number	 	Original	 	Stated	 	 	 	Current	 	State &	 	 	 	 
	&	 	Principal	 	Principal	 	Paid to	 	Note	 	LTV at	 	Original	 	Origination
	Loan Group
	 	Balance
	 	Balance
	 	Date
	 	Rate
	 	Origination
	 	Term
	 	Date

	SPACE INTENTIONALLY LEFT BLANK

 

 

Foreclosure Report  -  Mortgage Loans that Become Foreclosure During Current Distribution

	 	 	 
	SUMMARY	 	LOAN GROUP
	
	 	

	Total Loan Count = 0

	 	Loan Group 1 = MSDW
	Total Original Principal Balance = 000.00
	 	 
	Total Current Balance = 000.00
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Loan Number	 	Original	 	Stated	 	 	 	Current	 	State &	 	 	 	 
	&	 	Principal	 	Principal	 	Paid to	 	Note	 	LTV at	 	Original	 	Origination
	Loan Group
	 	Balance
	 	Balance
	 	Date
	 	Rate
	 	Origination
	 	Term
	 	Date

	SPACE INTENTIONALLY LEFT BLANK

 

 

Prepayment Report  -  Voluntary Prepayments

	 	 	 	 	 
	VOLUNTARY
PREPAYMENTS
	 	TOTAL

	Current

	 	 	 	 
	
Number of Paid in Full Loans
	 	 	8	 
	Number of Repurchased Loans
	 	 	—	 
	 
	 	 	
	 
	Total Number of Loans Prepaid in Full
	 	 	8	 
	Paid in Full Balance
	 	 	4,957,555.36	 
	Repurchased Loans Balance
	 	 	—	 
	Curtailments Amount
	 	 	490,931.88	 
	 
	 	 	
	 
	Total Prepayment Amount
	 	 	5,448,487.24	 
	Cumulative

	 	 	 	 
	
Number of Paid in Full Loans
	 	 	257	 
	Number of Repurchased Loans
	 	 	—	 
	Total Number of Loans Prepaid in Full
	 	 	257	 
	 
	 	 	
	 
	Paid in Full Balance
	 	 	95,831,535.23	 
	Repurchased Loans Balance
	 	 	—	 
	Curtailments Amount
	 	 	14,932,023.38	 
	 
	 	 	
	 
	Total Prepayment Amount
	 	 	110,763,558.61	 

SPACE INTENTIONALLY LEFT BLANK

 

 

	 	 	 	 	 
	VOLUNTARY PREPAYMENT RATES
	 	TOTAL

	SMM
	 	 	1.33	%
	3 Months Avg SMM
	 	 	1.29	%
	12 Months Avg SMM
	 	 	1.22	%
	Avg SMM Since Cut-off
	 	 	1.05	%
	CPR
	 	 	14.86	%
	3 Months Avg CPR
	 	 	14.45	%
	12 Months Avg CPR
	 	 	13.69	%
	Avg CPR Since Cut-off
	 	 	11.88	%
	PSA
	 	 	289.95	%
	3 Months Avg PSA Approximation
	 	 	293.37	%
	12 Months Avg PSA Approximation
	 	 	339.89	%
	Avg PSA Since Cut-off Approximation
	 	 	405.93	%

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)^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)]^(1/months in period n,m)

Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^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.

 

 

Prepayment Detail
Report - Loans Prepaid in Full During Current Distribution

SUMMARY

Total Loan Count = 8

Total Original Principal Balance = 4,997,083.20

Total Prepayment Amount = 4,957,555.36

LOAN GROUP

Loan Group 1 = MSDW

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	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

	390439059 1
	 	 	 	 	 	 	432,000.00	 	 	 	431,882.73	 	 	Feb-20-04	 	 	2.875	%	 	MO - 67.40%	 	Paid Off - 300	 	Dec-11-01
	390442058 1
	 	 	 	 	 	 	935,000.00	 	 	 	935,000.00	 	 	Feb-19-04	 	 	3.375	%	 	WA - 79.24%	 	Paid Off - 300	 	Nov-21-01
	390442197 1
	 	 	 	 	 	 	480,000.00	 	 	 	474,528.64	 	 	Feb-09-04	 	 	2.875	%	 	CO - 80.00%	 	Paid Off - 300	 	Oct-01-01
	390443991 1
	 	 	 	 	 	 	244,000.00	 	 	 	241,196.00	 	 	Feb-18-04	 	 	2.875	%	 	FL - 80.00%	 	Paid Off - 300	 	Dec-31-01
	390444746 1
	 	 	 	 	 	 	704,083.20	 	 	 	689,324.01	 	 	Feb-12-04	 	 	3.125	%	 	CA - 80.00%	 	Paid Off - 300	 	Nov-28-01
	390446290 1
	 	 	 	 	 	 	152,000.00	 	 	 	135,623.98	 	 	Feb-25-04	 	 	2.625	%	 	MT - 80.00%	 	Paid Off - 300	 	Jan-30-02
	390446328 1
	 	 	 	 	 	 	1,450,000.00	 	 	 	1,450,000.00	 	 	Feb-17-04	 	 	3.125	%	 	MI - 45.31%	 	Paid Off - 300	 	Jan-31-02
	390446503 1
	 	 	 	 	 	 	600,000.00	 	 	 	600,000.00	 	 	Feb-23-04	 	 	2.625	%	 	CA - 37.27%	 	Paid Off - 300	 	Jan-29-02

 

 

Realized Loss Report - Collateral

	 	 	 	 	 
	COLLATERAL REALIZED LOSSES
	 	TOTAL

	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
	 	 	—	 

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

SPACE INTENTIONALLY LEFT BLANK

 

 

	 	 	 	 	 
	DEFAULT SPEEDS
	 	TOTAL

	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
	 	 	 	 

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)^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)]^(1/months in period n,m)

	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^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.

 

 

Realized Loss Detail
Report - Loans Liquidated During Current Distribution

SUMMARY

Total Loan Count Current Losses = 0

Total Loan Count Revisions = 0

Total Prior Principal Balance = 0.00

Total Current Realized Loss Amount = 0.00

Total Revisions Amount = 0.00

Total Realized Loss Amount = 0.00

Total Net Liquidation Proceeds = 0.00

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

LOAN GROUP

Loan Group 1 = MSDW

	 
	Loan Number	 	 	Current	 	 	State &	 	 	 	 	 	Prior	 	 	Realized	 	 	 	 	 	Cumulative
	          &	 	Loan	 	 	Note	 	 	LTV at	 	 	Original	 	 	Principal	 	 	Loss/(Gain)	 	 	Realized	 	 	Realized
	Loan Group
	 	Status
	 	 	Rate
	 	 	Origination
	 	 	Term
	 	 	Balance
	 	 	Revisions
	 	 	Loss/(Gain)
	 	 	Loss/(Gain)

SPACE INTENTIONALLY LEFT
BLANK

 

Triggers, Adj. Rate Cert. and Miscellaneous Report

	 
	TRIGGER EVENTS
	 	 	TOTAL

SPACE INTENTIONALLY LEFT BLANK

	 
	ADJUSTABLE RATE CERTIFICATE INFORMATION
	 	 	TOTAL

SPACE INTENTIONALLY LEFT BLANK

	 	 	 	 	 
	ADDITIONAL INFORMATION
	 	TOTAL

	Basis Risk Shortfall

	 	 	 	 
	Class A
	 	 	0.00	 
	Class B-1
	 	 	0.00	 
	Class B-2
	 	 	0.00	 
	Class B-3
	 	 	0.00	 
	Unpaid Basis Risk Shortfall

	 	 	 	 
	Class A
	 	 	0.00	 
	Class B-1
	 	 	0.00	 
	Class B-2
	 	 	0.00	 
	Class B-3
	 	 	0.00exv10w1

 

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: February 27, 2004

Distribution Date: March 22, 2004

Certificateholder Distribution Summary

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Certificate	 	 	 	 	 	Beginning	 	 	 	 
	 	 	 	 	 	 	Class	 	Certificate Pass-	 	Certificate	 	Interest	 	Principal
	Class
	 	CUSIP
	 	Description
	 	Through Rate
	 	Balance
	 	Distribution
	 	Distribution

	A
	 	 	81743YAA5	 	 	SEN	 	 	1.43125	%	 	 	421,839,951.95	 	 	 	503,132.03	 	 	 	4,278,590.20	 
	A-R
	 	 	SMT0207AR	 	 	SEN	 	 	3.50685	%	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	81743YAE7	 	 	SUB	 	 	1.84125	%	 	 	8,080,000.00	 	 	 	12,397.75	 	 	 	0.00	 
	B-2
	 	 	81743YAF4	 	 	SUB	 	 	2.64376	%	 	 	5,771,000.00	 	 	 	12,714.29	 	 	 	0.00	 
	B-3
	 	 	81743YAG2	 	 	SUB	 	 	2.64376	%	 	 	3,463,000.00	 	 	 	7,629.46	 	 	 	0.00	 
	B-4
	 	 	SMT0207B4	 	 	SUB	 	 	2.64376	%	 	 	1,442,000.00	 	 	 	3,176.92	 	 	 	0.00	 
	B-5
	 	 	SMT0207B5	 	 	SUB	 	 	2.64376	%	 	 	1,154,000.00	 	 	 	2,542.42	 	 	 	0.00	 
	B-6
	 	 	SMT0207B6	 	 	SUB	 	 	2.64376	%	 	 	2,600,498.71	 	 	 	5,729.25	 	 	 	0.00	 
	X-1
	 	 	81743YAC1	 	 	SEN	 	 	1.02918	%	 	 	0.00	 	 	 	64,373.62	 	 	 	0.00	 
	X-2
	 	 	81743YAD9	 	 	SEN	 	 	1.24195	%	 	 	0.00	 	 	 	367,268.20	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Totals
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	444,350,450.66	 	 	 	978,963.94	 	 	 	4,278,590.20	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Ending	 	 	 	 
	 	 	 	 	 	 	Current	 	Certificate	 	Total	 	Cumulative
	Class
	 	CUSIP
	 	Realized Loss
	 	Balance
	 	Distribution
	 	Realized Loss

	A
	 	 	81743YAA5	 	 	 	0.00	 	 	 	417,561,361.75	 	 	 	4,781,722.23	 	 	 	0.00	 
	A-R
	 	 	SMT0207AR	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	81743YAE7	 	 	 	0.00	 	 	 	8,080,000.00	 	 	 	12,397.75	 	 	 	0.00	 
	B-2
	 	 	81743YAF4	 	 	 	0.00	 	 	 	5,771,000.00	 	 	 	12,714.29	 	 	 	0.00	 
	B-3
	 	 	81743YAG2	 	 	 	0.00	 	 	 	3,463,000.00	 	 	 	7,629.46	 	 	 	0.00	 
	B-4
	 	 	SMT0207B4	 	 	 	0.00	 	 	 	1,442,000.00	 	 	 	3,176.92	 	 	 	0.00	 
	B-5
	 	 	SMT0207B5	 	 	 	0.00	 	 	 	1,154,000.00	 	 	 	2,542.42	 	 	 	0.00	 
	B-6
	 	 	SMT0207B6	 	 	 	0.00	 	 	 	2,600,498.71	 	 	 	5,729.25	 	 	 	0.00	 
	X-1
	 	 	81743YAC1	 	 	 	0.00	 	 	 	0.00	 	 	 	64,373.62	 	 	 	0.00	 
	X-2
	 	 	81743YAD9	 	 	 	0.00	 	 	 	0.00	 	 	 	367,268.20	 	 	 	0.00	 
	 
	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Totals
	 	 	 	 	 	 	0.00	 	 	 	440,071,860.46	 	 	 	5,257,554.14	 	 	 	0.00	 
	 
	 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

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

Principal Distribution Statement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Beginning	 	Scheduled	 	Unscheduled	 	 
	 	 	Original Face	 	Certificate	 	Principal	 	Principal	 	 
	Class
	 	Amount
	 	Balance
	 	Distribution
	 	Distribution
	 	Accretion

	A
	 	 	554,686,000.00	 	 	 	421,839,951.95	 	 	 	0.00	 	 	 	4,278,590.20	 	 	 	0.00	 
	A-R
	 	 	100.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	8,080,000.00	 	 	 	8,080,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-2
	 	 	5,771,000.00	 	 	 	5,771,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-3
	 	 	3,463,000.00	 	 	 	3,463,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-4
	 	 	1,442,000.00	 	 	 	1,442,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-5
	 	 	1,154,000.00	 	 	 	1,154,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-6
	 	 	2,600,498.71	 	 	 	2,600,498.71	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	X-1
	 	 	50.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	X-2
	 	 	50.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Totals
	 	 	577,196,698.71	 	 	 	444,350,450.66	 	 	 	0.00	 	 	 	4,278,590.20	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Realized	 	Total Principal	 	Ending Certificate	 	Ending Certificate	 	Total Principal
	Class
	 	Loss (1)
	 	Reduction
	 	Balance
	 	Percentage
	 	Distribution

	A
	 	 	0.00	 	 	 	4,278,590.20	 	 	 	417,561,361.75	 	 	 	0.75278872	 	 	 	4,278,590.20	 
	A-R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	B-1
	 	 	0.00	 	 	 	0.00	 	 	 	8,080,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-2
	 	 	0.00	 	 	 	0.00	 	 	 	5,771,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-3
	 	 	0.00	 	 	 	0.00	 	 	 	3,463,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-4
	 	 	0.00	 	 	 	0.00	 	 	 	1,442,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-5
	 	 	0.00	 	 	 	0.00	 	 	 	1,154,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-6
	 	 	0.00	 	 	 	0.00	 	 	 	2,600,498.71	 	 	 	1.00000000	 	 	 	0.00	 
	X-1
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	X-2
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Totals
	 	 	0.00	 	 	 	4,278,590.20	 	 	 	440,071,860.46	 	 	 	0.76242962	 	 	 	4,278,590.20	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

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

 

 

Principal Distribution Factors Statement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Beginning	 	Scheduled	 	Unscheduled	 	 	 	 	 	 
	 	 	Original Face	 	Certificate	 	Principal	 	Principal	 	 	 	 	 	Realized
	Class
	 	Amount
	 	Balance
	 	Distribution
	 	Distribution
	 	Accretion
	 	Loss (3)

	A
	 	 	554,686,000.00	 	 	 	760.50225163	 	 	 	0.00000000	 	 	 	7.71353559	 	 	 	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	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Total Principal	 	Ending Certificate	 	Ending Certificate	 	Total Principal
	Class
	 	Reduction
	 	Balance
	 	Percentage
	 	Distribution

	A
	 	 	7.71353559	 	 	 	752.78871605	 	 	 	0.75278872	 	 	 	7.71353559	 
	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	 

	(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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Beginning	 	 	 	 	 	Payment of
	 	 	 	 	 	 	 	 	 	 	Certificate/	 	 	 	 	 	Unpaid
	 	 	Original Face	 	Current	 	Notional	 	Current Accrued	 	Interest
	Class
	 	Amount
	 	Certificate Rate
	 	Balance
	 	Interest
	 	Shortfall

	A
	 	 	554,686,000.00	 	 	 	1.43125	%	 	 	421,839,951.95	 	 	 	503,132.03	 	 	 	0.00	 
	A-R
	 	 	100.00	 	 	 	3.50685	%	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	8,080,000.00	 	 	 	1.84125	%	 	 	8,080,000.00	 	 	 	12,397.75	 	 	 	0.00	 
	B-2
	 	 	5,771,000.00	 	 	 	2.64376	%	 	 	5,771,000.00	 	 	 	12,714.29	 	 	 	0.00	 
	B-3
	 	 	3,463,000.00	 	 	 	2.64376	%	 	 	3,463,000.00	 	 	 	7,629.46	 	 	 	0.00	 
	B-4
	 	 	1,442,000.00	 	 	 	2.64376	%	 	 	1,442,000.00	 	 	 	3,176.92	 	 	 	0.00	 
	B-5
	 	 	1,154,000.00	 	 	 	2.64376	%	 	 	1,154,000.00	 	 	 	2,542.42	 	 	 	0.00	 
	B-6
	 	 	2,600,498.71	 	 	 	2.64376	%	 	 	2,600,498.71	 	 	 	5,729.25	 	 	 	0.00	 
	X-1
	 	 	50.00	 	 	 	1.02918	%	 	 	75,057,870.07	 	 	 	64,373.62	 	 	 	0.00	 
	X-2
	 	 	50.00	 	 	 	1.24195	%	 	 	354,862,081.88	 	 	 	367,268.20	 	 	 	0.00	 
	 
	 	 	
 	 	 	 		 	 	 		 	 	 	
 	 	 	 	
 	 
	Totals
	 	 	577,196,698.71	 	 	 	 	 	 	 	 	 	 	 	978,963.94	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	
 	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Non-	 	 	 	 	 	 	 	 	 	Remaining	 	Ending
	 	 	Current	 	Supported	 	 	 	 	 	 	 	 	 	Unpaid	 	Certificate/
	 	 	Interest	 	Interest	 	Realized	 	Total Interest	 	Interest	 	Notational
	Class
	 	Shortfall
	 	Shortfall
	 	Loss (4)
	 	Distribution
	 	Shortfall
	 	Balance

	A
	 	 	0.00	 	 	 	(0.01	)	 	 	0.00	 	 	 	503,132.03	 	 	 	0.00	 	 	 	417,561,361.75	 
	A-R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	12,397.75	 	 	 	0.00	 	 	 	8,080,000.00	 
	B-2
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	12,714.29	 	 	 	0.00	 	 	 	5,771,000.00	 
	B-3
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	7,629.46	 	 	 	0.00	 	 	 	3,463,000.00	 
	B-4
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	3,176.92	 	 	 	0.00	 	 	 	1,442,000.00	 
	B-5
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	2,542.42	 	 	 	0.00	 	 	 	1,154,000.00	 
	B-6
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	5,729.25	 	 	 	0.00	 	 	 	2,600,498.71	 
	X-1
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	64,373.62	 	 	 	0.00	 	 	 	74,761,002.23	 
	X-2
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	367,268.20	 	 	 	0.00	 	 	 	350,880,359.52	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 		 
	Totals
	 	 	0.00	 	 	 	(0.01	)	 	 	0.00	 	 	 	978,963.94	 	 	 	0.00	 	 	 	 	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	 	 

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

 

 

Interest Distribution Factors Statement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Payment of
	 	 	 	 	 	 	Current	 	Beginning	 	 	 	 	 	Unpaid
	Class	 	Original Face	 	Certificate	 	Certificate/	 	Current Accrued	 	Interest
	(5)
	 	Amount
	 	Rate
	 	Notional Balance
	 	Interest
	 	Shortfall

	A
	 	 	554,686,000.00	 	 	 	1.43125	%	 	 	760.50225163	 	 	 	0.90705738	 	 	 	0.00000000	 
	A-R
	 	 	100.00	 	 	 	3.50685	%	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-1
	 	 	8,080,000.00	 	 	 	1.84125	%	 	 	1000.00000000	 	 	 	1.53437500	 	 	 	0.00000000	 
	B-2
	 	 	5,771,000.00	 	 	 	2.64376	%	 	 	1000.00000000	 	 	 	2.20313464	 	 	 	0.00000000	 
	B-3
	 	 	3,463,000.00	 	 	 	2.64376	%	 	 	1000.00000000	 	 	 	2.20313601	 	 	 	0.00000000	 
	B-4
	 	 	1,442,000.00	 	 	 	2.64367	%	 	 	1000.00000000	 	 	 	2.20313454	 	 	 	0.00000000	 
	B-5
	 	 	1,154,000.00	 	 	 	2.64367	%	 	 	1000.00000000	 	 	 	2.20313692	 	 	 	0.00000000	 
	B-6
	 	 	2,600,498.71	 	 	 	2.64367	%	 	 	1000.00000000	 	 	 	2.20313511	 	 	 	0.00000000	 
	X-1
	 	 	50.00	 	 	 	1.02918	%	 	 	1501157.40140000	 	 	 	1287.47240000	 	 	 	0.00000000	 
	X-2
	 	 	50.00	 	 	 	1.24195	%	 	 	7097241.63760000	 	 	 	7345.36400000	 	 	 	0.00000000	 

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Non-	 	 	 	 	 	 	 	 	 	Remaining	 	 
	 	 	Current	 	Supported	 	 	 	 	 	 	 	 	 	Unpaid	 	 
	Class	 	Interest	 	Interest	 	Realized	 	Total Interest	 	Interest	 	Ending Certificate/
	(5)
	 	Shortfall
	 	Shortfall
	 	Loss (6)
	 	Distribution
	 	Shortfall
	 	Notational Balance

	A
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.90705738	 	 	 	0.00000000	 	 	 	752.78871605	 
	A-R
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-1
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1.53437500	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-2
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.02313464	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-3
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.20313601	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-4
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.20313454	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-5
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.20313692	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-6
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.20313511	 	 	 	0.00000000	 	 	 	1000.00000000	 
	X-1
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1287.47240000	 	 	 	0.00000000	 	 	 	1495220.04460000	 
	X-2
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	7345.36400000	 	 	 	0.00000000	 	 	 	7017607.19040000	 

	(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

	 	 	 	 	 
	Beginning Balance
	 	 	0.00	 
	Deposits
	 	 	 	 
	Payments of Interest and Principal
	 	 	5,399,766.60	 
	Liquidations, Insurance Proceeds, Reserve Funds
	 	 	0.00	 
	Proceeds from Repurchased Loans
	 	 	0.00	 
	Other Amounts (Servicer Advances)
	 	 	1,912.44	 
	Realized Losses
	 	 	0.00	 
	Prepayment Penalties
	 	 	0.00	 
	 
	 	 	
 	 
	 
	 	 	5,401,679.04	 
	Total Deposits
	 	 	 	 
	Withdrawals
	 	 	 	 
	Reimbursement for Servicer Advances
	 	 	1,422.92	 
	Payment of Service Fee
	 	 	142,701.98	 
	Payment of Interest and Principal
	 	 	5,257,554.14	 
	 
	 	 	
 	 
	 
	 	 	5,401,679.04	 
	Total Withdrawals (Pool Distribution Amount)
	 	 	 	 
	Ending Balance
	 	 	0.00	 
	 
	 	 	
 	 

 

 

Prepayment/Curtailment Interest Shortfall

	 	 	 	 	 
	Total Prepayment/Curtailment Interest Shortfall
	 	 	0.00	 
	Servicing Fee Support
	 	 	0.00	 
	 
	 	 	
 	 
	Non-Supported Prepayment Curtailment Interest Shortfall
	 	 	(0.01	)
	 
	 	 	
 	 

Servicing Fees

	 	 	 	 	 
	Gross Servicing Fee
	 	 	138,999.06	 
	Master Servicing Fee
	 	 	3,702.92	 
	Supported Prepayment/Curtailment Interest Shortfall
	 	 	0.00	 
	 
	 	 	
 	 
	Net Servicing Fee
	 	 	142,701.98	 
	 
	 	 	
 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Beginning	 	Current	 	Current	 	Ending
	Account Type
	 	Balance
	 	Withdrawals
	 	Deposits
	 	Balance

	Basis Risk Reserve Fund – X-1
	 	 	1,512.68	 	 	 	0.00	 	 	 	0.00	 	 	 	1,512.68	 
	Basis Risk Reserve Fund – X-2
	 	 	8,487.32	 	 	 	0.00	 	 	 	0.00	 	 	 	8,487.32	 

 

 

 

Loan Status Stratification/Credit Enhancement Statement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT
	 	BANKRUPTCY
	 	FORECLOSURE

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

	30 Days
	 	 	2	 	 	 	494,417.54	 	 	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	 	 	1	 	 	 	300,000.00	 
	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	 	 	 	494,417.54	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	1	 	 	 	300,000.00	 
	 
	 	No. of	 	Principal	 	 	 	No. of	 	Principal	 	 	 	No. of	 	Principal
	 
	 	Loans	 	Balance	 	 	 	Loans	 	Balance	 	 	 	Loans	 	Balance
	30 Days
	 	 	0.162338	%	 	 	0.112350	%	 	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	 	 	0.081169	%	 	 	0.068171	%
	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	%
	 
	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 
	 
	 	 	0.162338	%	 	 	0.112350	%	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.081169	%	 	 	0.068171	%

     

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	REO
	 	TOTAL

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

	30 Days
	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	1	 	 	 	494,417.54	 
	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 
	90 Days
	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	1	 	 	 	300,000.00	 
	120 Days
	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 
	150 Days
	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 
	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 
	 
	 	 	0	 	 	 	0.00	 	 	 	 	 	2	 	 	 	794,417.54	 
	 
	 	No. of	 	Principal	 	 	 	No. of	 	Principal
	 
	 	Loans	 	Balance	 	 	 	Loans	 	Balance
	30 Days
	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.162338	%	 	 	0.112350	%
	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.000000	%	 	 	0.000000	%
	90 Days
	 	 	0.000000	%	 	 	0.000000	%	 	90 Days	 	 	0.081169	%	 	 	0.068171	%
	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	%	 	 	 	 	0.243506	%	 	 	0.180521	%

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Current Period Class A Insufficient Funds:
	 	 	0.00	 	 	Principal Balance of Contaminated Properties	 	 	0.00	 	 	Periodic Advance	 	 	1,912.44	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Original $	 	Original %	 	Current $	 	Current %
	Bankruptcy
	 	 	100,261.00	 	 	 	0.01737033	%	 	 	100,261.00	 	 	 	0.02278287	%
	Fraud
	 	 	17,315,901.00	 	 	 	3.00000001	%	 	 	10,161,109.97	 	 	 	2.30896608	%
	Special Hazard
	 	 	5,771,967.00	 	 	 	1.00000000	%	 	 	4,700,000.00	 	 	 	1.06800739	%

Limit of subordinate’s exposure to certain types of losses

 

 

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
	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	 	 	1	 	 	 	300,000.00	 
	120 Days
	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 
	150 Days
	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 
	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 
	 
	 	 	0	 	 	 	0.00	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	1	 	 	 	300,000.00	 
	 
	 	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	 	 	0.500000	%	 	 	0.388118	%
	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	%	 	 	 	 	0.500000	%	 	 	0.388118	%
	 
	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	REO
	 	TOTAL

	 	 	No. of	 	Principal	 	 	 	No. of	 	Principal
	 	 	Loans	 	Balance	 	 	 	Loans	 	Balance
	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	 	 	1	 	 	 	300,000.00	 
	120 Days
	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 
	150 Days
	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 
	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 
	 
	 	 	0	 	 	 	0.00	 	 	 	 	 	1	 	 	 	300,000.00	 
	 
	 	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	 	 	0.500000	%	 	 	0.388118	%
	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	%	 	 	 	 	0.50000	)%	 	 	0.388118	%
	 
	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 

Six-Month Libor

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT
	 	BANKRUPTCY
	 	FORECLOSURE

	 	 	No. of	 	Principal	 	 	 	No. of	 	Principal	 	 	 	No. of	 	Principal
	 	 	Loans	 	Balance	 	 	 	Loans	 	Balance	 	 	 	Loans	 	Balance
	30 Days
	 	 	2	 	 	 	494,417.54	 	 	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	 	 	 	494,417.54	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	0	 	 	 	0.00	 
	 
	 	No. of	 	Principal	 	 	 	No. of	 	Principal	 	 	 	No. of	 	Principal
	 
	 	Loans	 	Balance	 	 	 	Loans	 	Balance	 	 	 	Loans	 	Balance
	30 Days
	 	 	0.193798	%	 	 	0.136288	%	 	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	%
	 
	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 
	 
	 	 	0.193798	%	 	 	0.136288	%	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.000000	%	 	 	0.000000	%
	 
	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 

[Additional columns below]
[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	REO
	 	TOTAL

	 	 	No. of	 	Principal	 	 	 	No. of	 	Principal
	 	 	Loans	 	Balance	 	 	 	Loans	 	Balance
	30 Days
	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	2	 	 	 	494,417.54	 
	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	 	 	 	494,417.54	 
	 
	 	No. of	 	Principal	 	 	 	No. of	 	Principal
	 
	 	Loans	 	Balance	 	 	 	Loans	 	Balance
	30 Days
	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.193798	%	 	 	0.136288	%
	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	%	 	 	 	 	0.193798	%	 	 	0.136288	%
	 
	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 

 

Collateral Statement

	 	 	 	 	 
	Collateral Description	 	Mixed Fixed & Arm
	Weighted Average Gross Coupon
	 	 	3.029139	%
	Weighted Average Net Coupon
	 	 	2.653762	%
	Weighted Average Pass-Through Rate
	 	 	2.643762	%
	Weighted Average Maturity (Stepdown Calculation)
	 	 	338	 
	Beginning Scheduled Collateral Loan Count
	 	 	1,242	 
	Number of Loans Paid in Full
	 	 	10	 
	Ending Scheduled Collateral Loan Count
	 	 	1,232	 
	Beginning Scheduled Collateral Balance
	 	 	444,350,450.66	 
	Ending Scheduled Collateral Balance
	 	 	440,071,860.46	 
	Ending Actual Collateral Balance at 27-Feb-2004
	 	 	440,069,371.53	 
	Monthly P&I Constant
	 	 	1,121,665.92	 
	Special Servicing Fee
	 	 	0.00	 
	Prepayment Penalties
	 	 	0.00	 
	Realization Loss Amount
	 	 	0.00	 
	Cumulative Realized Loss
	 	 	0.00	 
	Scheduled Principal
	 	 	0.00	 
	Unscheduled Principal
	 	 	4,278,590.20	 

Miscellaneous Reporting

	 	 	 	 	 
	Pro Rata Senior Percent
	 	 	94.934066	%
	Senior Percent
	 	 	100.000000	%
	Senior Prepay Percent
	 	 	100.000000	%
	Subordinate Percent
	 	 	0.000000	%
	Subordinate Prepay Percent
	 	 	0.000000	%

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Group	 	One Month Libor	 	Six Month Libor	 	Total
	Collateral Description
	 	Monthly	 	6 Month Arm	 	Mixed Fixed & Arm
	Weighted Average Coupon Rate
	 	 	2.853139	 	 	 	3.066365	 	 	 	3.029139	 
	Weighted Average Net Rate
	 	 	2.478140	 	 	 	2.690908	 	 	 	2.653762	 
	Pass-Through Rate
	 	 	2.468139	 	 	 	2.680908	 	 	 	2.643762	 
	Weighted Average Maturity
	 	 	298	 	 	 	299	 	 	 	338	 
	Record Date
	 	 	02/27/2004	 	 	 	02/27/2004	 	 	 	02/27/2004	 
	Principal and Interest Constant
	 	 	184,448.87	 	 	 	937,217.05	 	 	 	1,121,665.92	 
	Beginning Loan Count
	 	 	201	 	 	 	1,041	 	 	 	1,242	 
	Loans Paid in Full
	 	 	1	 	 	 	9	 	 	 	10	 
	Ending Loan Count
	 	 	200	 	 	 	1,032	 	 	 	1,232	 
	Beginning Scheduled Balance
	 	 	77,577,228.60	 	 	 	366,773,222.06	 	 	 	444,350,450.66	 
	Ending Scheduled Balance
	 	 	77,295,620.91	 	 	 	362,776,239.55	 	 	 	440,071,860.46	 
	Scheduled Principal
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Unscheduled Principal
	 	 	281,607.69	 	 	 	3,996,982.51	 	 	 	4,278,590.20	 
	Scheduled Interest
	 	 	184,448.87	 	 	 	937,217.05	 	 	 	1,121,665.92	 
	Servicing Fee
	 	 	24,242.87	 	 	 	114,756.19	 	 	 	138,999.06	 
	Master Servicing Fee
	 	 	646.48	 	 	 	3,056.44	 	 	 	3,702.92	 
	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
	 	 	159,559.52	 	 	 	819,404.42	 	 	 	978,963.94	 
	Realized Loss Amount
	 	 	0.00f	 	 	 	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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}]]