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 2002-9
                         RECORD DATE: SEPTEMBER 30, 2003
                       DISTRIBUTION DATE: OCTOBER 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                    Certificate                          Beginning                                                    Ending
                       Class      Certificate Pass-     Certificate      Interest       Principal      Current      Certificate
Class     CUSIP     Description     Through Rate          Balance      Distribution   Distribution  Realized Loss      Balance
----------------------------------------------------------------------------------------------------------------------------------
<S>     <C>         <C>           <C>                <C>               <C>            <C>           <C>             <C>
 1A     81743SAA8       SEN          1.47000%         345,958,462.09     423,799.11   5,522,942.81       0.00       340,435,519.28
 2A     81743SAB6       SEN          2.74108%         128,069,757.78     292,540.68   2,541,508.34       0.00       125,528,249.44
X-1A    81743SAC4        IO          0.97950%                   0.00     150,926.36           0.00       0.00                 0.00
X-1B    81743SAD2        IO          1.04150%                   0.00     139,784.24           0.00       0.00                 0.00
 X-B    81743SAE0        IO          0.68895%                   0.00       4,421.88           0.00       0.00                 0.00
 A-R    81743SAF7       SEN          3.16117%                   0.00           0.00           0.00       0.00                 0.00
 B-1    81743SAG5       SUB          1.87000%           7,702,000.00      12,002.28           0.00       0.00         7,702,000.00
 B-2    81743SAH3       SUB          2.55895%           4,564,000.00       9,732.52           0.00       0.00         4,564,000.00
 B-3    81743SAJ9       SUB          2.55895%           3,424,000.00       7,301.52           0.00       0.00         3,424,000.00
 B-4    SMT0209B4       SUB          2.55895%           1,426,000.00       3,040.88           0.00       0.00         1,426,000.00
 B-5    SMR0209B5       SUB          2.55895%             856,000.00       1,825.38           0.00       0.00           856,000.00
 B-6    SMT0209B6       SUB          2.55895%           1,997,086.78       4,258.70           0.00       0.00         1,997,086.78
----------------------------------------------------------------------------------------------------------------------------------
Totals                                               493,997,306.65    1,049,633.55   8,064,451.15       0.00       485,932,855.50
----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

                      Total          Cumulative
Class     CUSIP     Distribution    Realized Loss
-------------------------------------------------
<S>     <C>         <C>             <C>
 1A     81743SAA8   5,946,741.92        0.00
 2A     81743SAB6   2,834,049.02        0.00
X-1A    81743SAC4     150,926.36        0.00
X-1B    81743SAD2     139,784.24        0.00
 X-B    81743SAE0       4,421.88        0.00
 A-R    81743SAF7           0.00        0.00
 B-1    81743SAG5      12,002.28        0.00
 B-2    81743SAH3       9,732.52        0.00
 B-3    81743SAJ9       7,301.52        0.00
 B-4    SMT0209B4       3,040.88        0.00
 B-5    SMR0209B5       1,825.38        0.00
 B-6    SMT0209B6       4,258.70        0.00
--------------------------------------------
Totals              9,114,084.70        0.00
--------------------------------------------
</TABLE>

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

<PAGE>

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                             Beginning      Scheduled     Unscheduled
          Original Face     Certificate     Principal      Principal                 Realized
  Class      Amount           Balance      Distribution   Distribution   Accretion   Loss (1)
---------------------------------------------------------------------------------------------
<S>      <C>             <C>               <C>            <C>            <C>         <C>
   1A    381,698,000.00   345,958,462.09       0.00       5,522,942.81      0.00       0.00
   2A    168,875,000.00   128,069,757.78       0.00       2,541,508.34      0.00       0.00
  X-1A             0.00             0.00       0.00               0.00      0.00       0.00
  X-1B             0.00             0.00       0.00               0.00      0.00       0.00
   X-B             0.00             0.00       0.00               0.00      0.00       0.00
   A-R           100.00             0.00       0.00               0.00      0.00       0.00
   B-1     7,702,000.00     7,702,000.00       0.00               0.00      0.00       0.00
   B-2     4,564,000.00     4,564,000.00       0.00               0.00      0.00       0.00
   B-3     3,424,000.00     3,424,000.00       0.00               0.00      0.00       0.00
   B-4     1,426,000.00     1,426,000.00       0.00               0.00      0.00       0.00
   B-5       856,000.00       856,000.00       0.00               0.00      0.00       0.00
   B-6     1,997,086.78     1,997,086.78       0.00               0.00      0.00       0.00
-------------------------------------------------------------------------------------------
Totals   570,533,186.78  493,997,306.65       0.00       8,064,451.15      0.00        0.00
-------------------------------------------------------------------------------------------

<CAPTION>
                                                Ending            Ending
          Original Face     Total Principal   Certificate       Certificate   Total Principal
  Class      Amount            Reduction        Balance          Percentage    Distribution
---------------------------------------------------------------------------------------------
<S>      <C>                <C>              <C>                <C>           <C>
   1A    381,698,000.00      5,522,942.81    340,435,519.28      0.89191860     5,522,942.81
   2A    168,875,000.00      2,541,508.34    125,528,249.44      0.74332050     2,541,508.34
  X-1A             0.00              0.00              0.00      0.00000000             0.00
  X-1B             0.00              0.00              0.00      0.00000000             0.00
   X-B             0.00              0.00              0.00      0.00000000             0.00
   A-R           100.00              0.00              0.00      0.00000000             0.00
   B-1     7,702,000.00              0.00      7,702,000.00      1.00000000             0.00
   B-2     4,564,000.00              0.00      4,564,000.00      1.00000000             0.00
   B-3     3,424,000.00              0.00      3,424,000.00      1.00000000             0.00
   B-4     1,426,000.00              0.00      1,426,000.00      1.00000000             0.00
   B-5       856,000.00              0.00        856,000.00      1.00000000             0.00
   B-6     1,997,086.78              0.00      1,997,086.78      1.00000000             0.00
--------------------------------------------------------------------------------------------
Totals    570,533,186.78     8,064,451.15    485,932,855.50      0.85171707     8,064,451.15
--------------------------------------------------------------------------------------------
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
                          Beginning      Scheduled   Unscheduled                              Total
        Original Face    Certificate     Principal    Principal                 Realized    Principal
Class      Amount          Balance     Distribution  Distribution   Accretion   Loss (3)    Reduction
------------------------------------------------------------------------------------------------------
<S>    <C>              <C>            <C>          <C>            <C>         <C>         <C>
 1A    381,698,000.00    906.38834782   0.00000000   14.46974581   0.00000000  0.00000000  14.46974581
 2A    168,875,000.00    758.37014229   0.00000000   15.04964228   0.00000000  0.00000000  15.04964228
X-1A             0.00      0.00000000   0.00000000    0.00000000   0.00000000  0.00000000   0.00000000
X-1B             0.00      0.00000000   0.00000000    0.00000000   0.00000000  0.00000000   0.00000000
 X-B             0.00      0.00000000   0.00000000    0.00000000   0.00000000  0.00000000   0.00000000
 A-R           100.00      0.00000000   0.00000000    0.00000000   0.00000000  0.00000000   0.00000000
 B-1     7,702,000.00   1000.00000000   0.00000000    0.00000000   0.00000000  0.00000000   0.00000000
 B-2     4,564,000.00   1000.00000000   0.00000000    0.00000000   0.00000000  0.00000000   0.00000000
 B-3     3,424,000.00   1000.00000000   0.00000000    0.00000000   0.00000000  0.00000000   0.00000000
 B-4     1,426,000.00   1000.00000000   0.00000000    0.00000000   0.00000000  0.00000000   0.00000000
 B-5       856,000.00   1000.00000000   0.00000000    0.00000000   0.00000000  0.00000000   0.00000000
 B-6     1,997,086.78   1000.00000000   0.00000000    0.00000000   0.00000000  0.00000000   0.00000000
------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------
                           Ending         Ending
        Original Face   Certificate    Certificate  Total Principal
Class      Amount         Balance       Percentage   Distribution
-------------------------------------------------------------------
<S>    <C>               <C>           <C>          <C>
 1A    381,698,000.00    891.91860200   0.89191860   14.46974581
 2A    168,875,000.00    743.32050001   0.74332050   15.04964228
X-1A             0.00      0.00000000   0.00000000    0.00000000
X-1B             0.00      0.00000000   0.00000000    0.00000000
 X-B             0.00      0.00000000   0.00000000    0.00000000
 A-R           100.00      0.00000000   0.00000000    0.00000000
 B-1     7,702,000.00   1000.00000000   1.00000000    0.00000000
 B-2     4,564,000.00   1000.00000000   1.00000000    0.00000000
 B-3     3,424,000.00   1000.00000000   1.00000000    0.00000000
 B-4     1,426,000.00   1000.00000000   1.00000000    0.00000000
 B-5       856,000.00   1000.00000000   1.00000000    0.00000000
 B-6     1,997,086.78   1000.00000000   1.00000000    0.00000000
----------------------------------------------------------------
</TABLE>

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

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------
                                          Beginning                     Payment of
                            Current      Certificate/       Current      Unpaid     Current      Non-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>
  1A     381,698,000.00     1.47000%   345,958,462.09      423,799.12      0.00       0.00           0.00
  2A     168,875,000.00     2.74108%   128,069,757.78      292,540.68      0.00       0.00           0.00
 X-1A              0.00     0.97950%   184,901,725.59      150,926.36      0.00       0.00           0.00
 X-1B              0.00     1.04150%   161,056,736.50      139,784.24      0.00       0.00           0.00
  X-B              0.00     0.68895%     7,702,000.00        4,421.88      0.00       0.00           0.00
  A-R            100.00     3.16117%             0.00            0.00      0.00       0.00           0.00
  B-1      7,702,000.00     1.87000%     7,702,000.00       12,002.28      0.00       0.00           0.00
  B-2      4,564,000.00     2.55895%     4,564,000.00        9,732.52      0.00       0.00           0.00
  B-3      3,424,000.00     2.55895%     3,424,000.00        7,301.52      0.00       0.00           0.00
  B-4      1,426,000.00     2.55895%     1,426,000.00        3,040.88      0.00       0.00           0.00
  B-5        856,000.00     2.55895%       856,000.00        1,825.38      0.00       0.00           0.00
  B-6      1,997,086.78     2.55895%     1,997,086.78        4,258.70      0.00       0.00           0.00
---------------------------------------------------------------------------------------------------------
Totals   570,533,186.78                                  1,049,633.56      0.00       0.00           0.00
---------------------------------------------------------------------------------------------------------

<CAPTION>
--------------------------------------------------------------------------------
                                                       Remaining      Ending
                                                        Unpaid     Certificate/
           Original Face   Realized   Total Interest   Interest     Notational
 Class        Amount        Loss (4)   Distribution   Shortfall       Balance
--------------------------------------------------------------------------------
<S>      <C>               <C>        <C>             <C>         <C>
  1A     381,698,000.00      0.00       423,799.11        0.00    340,435,519.28
  2A     168,875,000.00      0.00       292,540.68        0.00    125,528,249.44
 X-1A              0.00      0.00       150,926.36        0.00    182,190,529.93
 X-1B              0.00      0.00       139,784.24        0.00    158,244,989.35
  X-B              0.00      0.00         4,421.88        0.00      7,702,000.00
  A-R            100.00      0.00             0.00        0.00              0.00
  B-1      7,702,000.00      0.00        12,002.28        0.00      7,702,000.00
  B-2      4,564,000.00      0.00         9,732.52        0.00      4,564,000.00
  B-3      3,424,000.00      0.00         7,301.52        0.00      3,424,000.00
  B-4      1,426,000.00      0.00         3,040.88        0.00      1,426,000.00
  B-5        856,000.00      0.00         1,825.38        0.00        856,000.00
  B-6      1,997,086.78      0.00         4,258.70        0.00      1,997,086.78
--------------------------------------------------------------------------------
Totals   570,533,186.78      0.00     1,049,633.55        0.00
--------------------------------------------------------------------------------
</TABLE>

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

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                   Payment of
                          Current        Beginning      Current      Unpaid     Current     Non-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>
 1A    381,698,000.00    1.47000%       906.38834782   1.11032574  0.00000000   0.00000000    0.00000000
 2A    168,875,000.00    2.74108%       758.37014229   1.73229122  0.00000000   0.00000000    0.00000000
X-1A             0.00    0.97950%       907.41986805   0.74068307  0.00000000   0.00000000    0.00000000
X-1B             0.00    1.04150%       905.20699550   0.78564657  0.00000000   0.00000000    0.00000000
 X-B             0.00    0.68895%      1000.00000000   0.57412101  0.00000000   0.00000000    0.00000000
 A-R           100.00    3.16117%         0.00000000   0.00000000  0.00000000   0.00000000    0.00000000
 B-1     7,702,000.00    1.87000%      1000.00000000   1.55833290  0.00000000   0.00000000    0.00000000
 B-2     4,564,000.00    2.55895%      1000.00000000   2.13245399  0.00000000   0.00000000    0.00000000
 B-3     3,424,000.00    2.55895%      1000.00000000   2.13245327  0.00000000   0.00000000    0.00000000
 B-4     1,426,000.00    2.55895%      1000.00000000   2.13245442  0.00000000   0.00000000    0.00000000
 B-5       856,000.00    2.55895%      1000.00000000   2.13245327  0.00000000   0.00000000    0.00000000
 B-6     1,997,086.78    2.55895%      1000.00000000   2.13245616  0.00000000   0.00000000    0.00000000
---------------------------------------------------------------------------------------------------------

<CAPTION>
                                                       Remaining
                                                        Unpaid           Ending
Class   Original Face    Realized     Total Interest   Interest      Certificate/
 (5)       Amount        Loss (6)      Distribution    Shortfall   Notational Balance
-------------------------------------------------------------------------------------
<S>    <C>               <C>          <C>             <C>          <C>
 1A    381,698,000.00    0.00000000     1.11032571    0.00000000       891.91860200
 2A    168,875,000.00    0.00000000     1.73229122    0.00000000       743.32050001
X-1A             0.00    0.00000000     0.74068307    0.00000000       894.11446054
X-1B             0.00    0.00000000     0.78564657    0.00000000       889.40378698
 X-B             0.00    0.00000000     0.57412101    0.00000000      1000.00000000
 A-R           100.00    0.00000000     0.00000000    0.00000000         0.00000000
 B-1     7,702,000.00    0.00000000     1.55833290    0.00000000      1000.00000000
 B-2     4,564,000.00    0.00000000     2.13245399    0.00000000      1000.00000000
 B-3     3,424,000.00    0.00000000     2.13245327    0.00000000      1000.00000000
 B-4     1,426,000.00    0.00000000     2.13245442    0.00000000      1000.00000000
 B-5       856,000.00    0.00000000     2.13245327    0.00000000      1000.00000000
 B-6     1,997,086.78    0.00000000     2.13245616    0.00000000      1000.00000000
-----------------------------------------------------------------------------------
</TABLE>

(5) Per $1 denomination

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

<PAGE>

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

<TABLE>
<S>                                                                    <C>
Beginning Balance                                                                0.00

Deposits
         Payments of Interest and Principal                              9,272,382.59
         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                                                           9,272,382.59

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            158,297.88
         Payment of Interest and Principal                               9,114,084.71
                                                                       --------------
Total Withdrawals (Pool Distribution Amount)                             9,272,382.59

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

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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

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

                                 SERVICING FEES

<TABLE>
<S>                                                                   <C>
Gross Servicing Fee                                                     154,592.92
Master Servicing Fee                                                      3,704.96
Supported Prepayment/Curtailment Interest Shortfall                           0.00
                                                                      ------------

Net Servicing Fee                                                       158,297.88
                                                                      ============
</TABLE>

<PAGE>

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

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

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

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

0-29 Days     0.000000%      0.000000%    0-29 Days  0.000000%    0.000000%   0-29 Days  0.000000%    0.000000%
30 Days       0.000000%      0.000000%    30 Days    0.000000%    0.000000%   30 Days    0.000000%    0.000000%
60 Days       0.000000%      0.000000%    60 Days    0.000000%    0.000000%   60 Days    0.000000%    0.000000%
90 Days       0.000000%      0.000000%    90 Days    0.000000%    0.000000%   90 Days    0.000000%    0.000000%
120 Days      0.000000%      0.000000%    120 Days   0.000000%    0.000000%   120 Days   0.000000%    0.000000%
150 Days      0.000000%      0.000000%    150 Days   0.000000%    0.000000%   150 Days   0.000000%    0.000000%
180+ Days     0.000000%      0.000000%    180+ Days  0.000000%    0.000000%   180+ Days  0.000000%    0.000000%
              -----------------------                ---------------------               ---------------------
              0.000000%      0.000000%               0.000000%    0.000000%              0.000000%    0.000000%
--------------------------------------------------------------------------------------------------------------

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

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

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

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

<PAGE>

<TABLE>
<CAPTION>
              Original $       Original %      Current $       Current %    Current Class %     Prepayment %
            --------------    ------------  --------------   -------------  ---------------    -------------
<S>         <C>               <C>           <C>              <C>            <C>                <C>
 Class A    570,533,086.78    99.99998247%  485,932,855.50   100.00000000%     95.890567%          0.000000%
 Class 1A   188,844,086.78    33.09957968%  145,497,336.22    29.94186019%     70.058140%      1,704.812659%
 Class 2A    19,969,086.78     3.50007453%   19,969,086.78     4.10943334%     25.832427%        628.612870%
Class B-1    12,267,086.78     2.15010924%   12,267,086.78     2.52444070%      1.584993%         38.569616%
Class B-2     7,703,086.78     1.35015578%    7,703,086.78     1.58521629%      0.939224%         22.855327%
Class B-3     4,279,086.78     0.75001540%    4,279,086.78     0.88059219%      0.704624%         17.146503%
Class B-4     2,853,086.78     0.50007376%    2,853,086.78     0.58713601%      0.293456%          7.141038%
Class B-5     1,997,086.78     0.35003867%    1,997,086.78     0.41097999%      0.176156%          4.286626%
Class B-6             0.00     0.00000000%            0.00     0.00000000%      0.410980%         10.000892%
</TABLE>

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

<TABLE>
<CAPTION>
                    Original $          Original %         Current $            Current %
<S>               <C>                  <C>                <C>                  <C>
    Bankruptcy       100,000.00        0.01752746%          100,000.00         0.02057897%
         Fraud    17,115,996.00        3.00000007%        9,879,946.13         2.03319163%
Special Hazard     6,000,000.00        1.05164785%        5,997,988.72         1.23432459%
</TABLE>

Limit of subordinate's exposure to certain types of losses

<PAGE>

                          DELINQUENCY STATUS BY GROUP

                                     GROUP 1

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

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

0-29 Days     0.000000%      0.000000%    0-29 Days  0.000000%    0.000000%   0-29 Days  0.000000%    0.000000%
30 Days       0.000000%      0.000000%    30 Days    0.000000%    0.000000%   30 Days    0.000000%    0.000000%
60 Days       0.000000%      0.000000%    60 Days    0.000000%    0.000000%   60 Days    0.000000%    0.000000%
90 Days       0.000000%      0.000000%    90 Days    0.000000%    0.000000%   90 Days    0.000000%    0.000000%
120 Days      0.000000%      0.000000%    120 Days   0.000000%    0.000000%   120 Days   0.000000%    0.000000%
150 Days      0.000000%      0.000000%    150 Days   0.000000%    0.000000%   150 Days   0.000000%    0.000000%
180+ Days     0.000000%      0.000000%    180+ Days  0.000000%    0.000000%   180+ Days  0.000000%    0.000000%
              -----------------------                ---------------------               ---------------------
              0.000000%      0.000000%               0.000000%    0.000000%              0.000000%    0.000000%
--------------------------------------------------------------------------------------------------------------

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

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

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

                                     GROUP 2

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

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

0-29 Days     0.000000%      0.000000%    0-29 Days  0.000000%    0.000000%   0-29 Days  0.000000%    0.000000%
30 Days       0.000000%      0.000000%    30 Days    0.000000%    0.000000%   30 Days    0.000000%    0.000000%
60 Days       0.000000%      0.000000%    60 Days    0.000000%    0.000000%   60 Days    0.000000%    0.000000%
90 Days       0.000000%      0.000000%    90 Days    0.000000%    0.000000%   90 Days    0.000000%    0.000000%
120 Days      0.000000%      0.000000%    120 Days   0.000000%    0.000000%   120 Days   0.000000%    0.000000%
150 Days      0.000000%      0.000000%    150 Days   0.000000%    0.000000%   150 Days   0.000000%    0.000000%
180+ Days     0.000000%      0.000000%    180+ Days  0.000000%    0.000000%   180+ Days  0.000000%    0.000000%
              -----------------------                ---------------------               ---------------------
              0.000000%      0.000000%               0.000000%    0.000000%              0.000000%    0.000000%
--------------------------------------------------------------------------------------------------------------

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

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

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

<PAGE>

                              COLLATERAL STATEMENT

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

Weighted Average Gross Coupon                                                 2.934262%
Weighted Average Net Coupon                                                   2.558731%
Weighted Average Pass-Through Rate                                            2.549731%
Weighted Average Maturity (Stepdown Calculation)                                   319

Beginning Scheduled Collateral Loan Count                                        1,349
Number of Loans Paid in Full                                                        20
Ending Scheduled Collateral Loan Count                                           1,329

Beginning Scheduled Collateral Balance                                  493,997,306.66
Ending Scheduled Collateral Balance                                     485,932,855.51
Ending Actual Collateral Balance at 30-Sept-2003                        485,926,883.93

Monthly P&I Constant                                                      1,207,931.45
Special Servicing Fee                                                             0.00
Prepayment Penalties                                                              0.00
Realization Loss Amount                                                           0.00
Cumulative Realized Loss                                                          0.00

Class A Optimal Amount                                                    9,071,501.55

Ending Scheduled Balance for Premium Loans                              485,932,855.51

Scheduled Principal                                                               0.00
Unscheduled Principal                                                     8,064,451.15
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                 <C>
Pro Rata Senior Percent                                              95.957653%
Senior Percentage                                                   100.000000%
Senior Prepay Percentage                                            100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                 GROUP                           1                   2                      TOTAL
<S>                                        <C>                <C>                      <C>
Collateral Description                          Mixed ARM        6 Month ARM                Mixed ARM
Weighted Average Coupon Rate                     2.863095           3.125075                 2.934262
Weighted Average Net Rate                        2.487366           2.750075                 2.558731
Pass-Through Rate                                2.478366           2.741075                 2.549731
Weighted Average Maturity                             303                345                      319
Record Date                                    09/30/2003         09/30/2003               09/30/2003
Principal and Interest Constant                858,457.54         349,473.91             1,207,931.45
Beginning Loan Count                                  944                405                    1,349
Loans Paid in Full                                     12                  8                       20
Ending Loan Count                                     932                397                    1,329
Beginning Scheduled Balance                359,802,548.88     134,194,757.78           493,997,306.66
Ending Scheduled Balance                   354,279,606.07     131,653,249.44           485,932,855.51
Scheduled Principal                                  0.00               0.00                     0.00
Unscheduled Principal                        5,522,942.81       2,541,508.34             8,064,451.15
Scheduled Interest                             858,457.54         349,473.91             1,207,931.45
Servicing Fee                                  112,657.06          41,935.86               154,592.92
Master Servicing Fee                             2,698.50           1,006.46                 3,704.96
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                                   743,101.98         306,531.59             1,049,633.57
Realized Loss Amount                                 0.00               0.00                     0.00
Cumulative Realized Loss                             0.00               0.00                     0.00
Percentage of Cumulative Losses                      0.00               0.00                     0.00
Prepayment Penalties                                 0.00               0.00                     0.00
Special Servicing Fee                                0.00               0.00                     0.00
</TABLE>

                             MISCELLANEOUS REPORTING
<TABLE>
<S>                                                              <C>
Group 1

One Month LIBOR Loans                                            189,599,455.75
Six Month LIBOR Loans                                            164,680,150.32
</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 2002-10
                         RECORD DATE: SEPTEMBER 30, 2003
                       DISTRIBUTION DATE: OCTOBER 30, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------
                  Certificate  Certificate     Beginning
                     Class     Pass-Through   Certificate      Interest      Principal
Class    CUSIP    Description      Rate         Balance      Distribution  Distribution
----------------------------------------------------------------------------------------
<S>    <C>        <C>          <C>           <C>             <C>           <C>
 1A    81743VAA1      SEN        1.52000%    744,488,235.64    943,018.43  10,103,799.62
2A-1   81743VAB9      SEN        1.50000%    173,456,856.99    216,821.07   2,445,548.48
2A-2   81743VAN3      SEN        1.80000%      3,500,000.00      5,250.00           0.00
X-1A   81743VAC7       IO        1.11591%              0.00    328,522.71           0.00
X-1B   81743VAD5       IO        1.19421%              0.00    389,323.47           0.00
 X-2   81743VAP8       IO        1.21201%              0.00    178,727.66           0.00
 X-B   81743VAE3       IO        0.65464%              0.00     14,033.89           0.00
 A-R   81743VAF0      SEN        3.37715%              0.00          0.00           0.00
 B-1   81743VAG8      SUB        1.92000%     12,600,000.00     20,160.00           0.00
 B-2   81743VAH6      SUB        1.92000%      8,400,000.00     13,440.00           0.00
 B-3   81743VAJ2      SUB        2.52000%      4,725,000.00      9,922.50           0.00
 B-4   SMT0210B4      SUB        2.68485%      2,625,000.00      5,873.10           0.00
 B-5   SMT0210B5      SUB        2.68485%      2,100,000.00      4,698.48           0.00
 B-6   SMT0210B6      SUB        2.68485%      3,685,162.00      8,245.08           0.00
----------------------------------------------------------------------------------------
Totals                                       955,580,254.63  2,138,036.39  12,549,348.10
----------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------
                                     Ending
                    Current       Certificate        Total        Cumulative
Class    CUSIP    Realized Loss      Balance     Distribution   Realized Loss
-----------------------------------------------------------------------------
<S>    <C>        <C>            <C>             <C>            <C>
 1A    81743VAA1     0.00        734,384,436.02  11,046,818.05      0.00
2A-1   81743VAB9     0.00        171,011,308.51   2,662,369.55      0.00
2A-2   81743VAN3     0.00          3,500,000.00       5,250.00      0.00
X-1A   81743VAC7     0.00                  0.00     328,522.71      0.00
X-1B   81743VAD5     0.00                  0.00     389,323.47      0.00
 X-2   81743VAP8     0.00                  0.00     178,727.66      0.00
 X-B   81743VAE3     0.00                  0.00      14,033.89      0.00
 A-R   81743VAF0     0.00                  0.00           0.00      0.00
 B-1   81743VAG8     0.00         12,600,000.00      20,160.00      0.00
 B-2   81743VAH6     0.00          8,400,000.00      13,440.00      0.00
 B-3   81743VAJ2     0.00          4,725,000.00       9,922.50      0.00
 B-4   SMT0210B4     0.00          2,625,000.00       5,873.10      0.00
 B-5   SMT0210B5     0.00          2,100,000.00       4,698.48      0.00
 B-6   SMT0210B6     0.00          3,685,162.00       8,245.08      0.00
-----------------------------------------------------------------------------
Totals               0.00        943,030,906.53  14,687,384.49     0.00
-----------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
                               Beginning     Scheduled     Unscheduled
            Original Face     Certificate    Principal      Principal               Realized
   Class        Amount          Balance     Distribution  Distribution   Accretion  Loss (1)
---------------------------------------------------------------------------------------------
<S>      <C>                <C>             <C>           <C>            <C>        <C>
    1A      822,375,000.00  744,488,235.64      0.00      10,103,799.62    0.00       0.00
   2A-1     190,000,000.00  173,456,856.99      0.00       2,445,548.48    0.00       0.00
   2A-2       3,500,000.00    3,500,000.00      0.00               0.00    0.00       0.00
   X-1A               0.00            0.00      0.00               0.00    0.00       0.00
   X-1B               0.00            0.00      0.00               0.00    0.00       0.00
    X-2               0.00            0.00      0.00               0.00    0.00       0.00
    X-B               0.00            0.00      0.00               0.00    0.00       0.00
    A-R             100.00            0.00      0.00               0.00    0.00       0.00
    B-1      12,600,000.00   12,600,000.00      0.00               0.00    0.00       0.00
    B-2       8,400,000.00    8,400,000.00      0.00               0.00    0.00       0.00
    B-3       4,725,000.00    4,725,000.00      0.00               0.00    0.00       0.00
    B-4       2,625,000.00    2,625,000.00      0.00               0.00    0.00       0.00
    B-5       2,100,000.00    2,100,000.00      0.00               0.00    0.00       0.00
    B-6       3,685,162.00    3,685,162.00      0.00               0.00    0.00       0.00
---------------------------------------------------------------------------------------------
Totals    1,050,010,262.00  955,580,254.63      0.00      12,549,348.10    0.00       0.00
---------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------
                                Total         Ending         Ending
            Original Face     Principal     Certificate    Certificate  Total Principal
   Class        Amount        Reduction       Balance       Percentage    Distribution
---------------------------------------------------------------------------------------
<S>      <C>                <C>            <C>             <C>          <C>
    1A      822,375,000.00  10,103,799.62  734,384,436.02   0.89300433   10,103,799.62
   2A-1     190,000,000.00   2,445,548.48  171,011,308.51   0.90005952    2,445,548.48
   2A-2       3,500,000.00           0.00    3,500,000.00   1.00000000            0.00
   X-1A               0.00           0.00            0.00   0.00000000            0.00
   X-1B               0.00           0.00            0.00   0.00000000            0.00
    X-2               0.00           0.00            0.00   0.00000000            0.00
    X-B               0.00           0.00            0.00   0.00000000            0.00
    A-R             100.00           0.00            0.00   0.00000000            0.00
    B-1      12,600,000.00           0.00   12,600,000.00   1.00000000            0.00
    B-2       8,400,000.00           0.00    8,400,000.00   1.00000000            0.00
    B-3       4,725,000.00           0.00    4,725,000.00   1.00000000            0.00
    B-4       2,625,000.00           0.00    2,625,000.00   1.00000000            0.00
    B-5       2,100,000.00           0.00    2,100,000.00   1.00000000            0.00
    B-6       3,685,162.00           0.00    3,685,162.00   1.00000000            0.00
---------------------------------------------------------------------------------------
Totals    1,050,010,262.00  12,549,348.10  943,030,906.53   0.89811590   12,549,348.10
---------------------------------------------------------------------------------------
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------
                         Beginning     Scheduled     Unscheduled
       Original Face    Certificate    Principal      Principal                Realized
Class     Amount          Balance     Distribution  Distribution   Accretion   Loss (3)
----------------------------------------------------------------------------------------
<S>    <C>             <C>            <C>           <C>           <C>         <C>
 1A    822,375,000.00   905.29045221   0.00000000    12.28612205  0.00000000  0.00000000
2A-1   190,000,000.00   912.93082626   0.00000000    12.87130779  0.00000000  0.00000000
2A-2     3,500,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
X-1A             0.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
X-1B             0.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 X-2             0.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 X-B             0.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 A-R           100.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-1    12,600,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-2     8,400,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-3     4,725,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-4     2,625,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-5     2,100,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-6     3,685,162.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
----------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------
                                           Ending        Ending
       Original Face   Total Principal   Certificate   Certificate  Total Principal
Class     Amount          Reduction        Balance      Percentage   Distribution
-----------------------------------------------------------------------------------
<S>    <C>             <C>              <C>            <C>          <C>
 1A    822,375,000.00    12.28612205     893.00433017   0.89300433   12.28612205
2A-1   190,000,000.00    12.87130779     900.05951847   0.90005952   12.87130779
2A-2     3,500,000.00     0.00000000    1000.00000000   1.00000000    0.00000000
X-1A             0.00     0.00000000       0.00000000   0.00000000    0.00000000
X-1B             0.00     0.00000000       0.00000000   0.00000000    0.00000000
 X-2             0.00     0.00000000       0.00000000   0.00000000    0.00000000
 X-B             0.00     0.00000000       0.00000000   0.00000000    0.00000000
 A-R           100.00     0.00000000       0.00000000   0.00000000    0.00000000
 B-1    12,600,000.00     0.00000000    1000.00000000   1.00000000    0.00000000
 B-2     8,400,000.00     0.00000000    1000.00000000   1.00000000    0.00000000
 B-3     4,725,000.00     0.00000000    1000.00000000   1.00000000    0.00000000
 B-4     2,625,000.00     0.00000000    1000.00000000   1.00000000    0.00000000
 B-5     2,100,000.00     0.00000000    1000.00000000   1.00000000    0.00000000
 B-6     3,685,162.00     0.00000000    1000.00000000   1.00000000    0.00000000
---------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
                                                                                   Payment of
                                     Current       Beginning         Current         Unpaid       Current
              Original Face        Certificate   Certificate/       Accrued         Interest      Interest
 Class            Amount              Rate      Notional Balance    Interest        Shortfall     Shortfall
-----------------------------------------------------------------------------------------------------------
<S>     <C>                        <C>          <C>              <C>               <C>            <C>
  1A         822,375,000.00         1.52000%    744,488,235.64     943,018.43          0.00          0.00
 2A-1        190,000,000.00         1.50000%    173,456,856.99     216,821.07          0.00          0.00
 2A-2          3,500,000.00         1.80000%      3,500,000.00       5,250.00          0.00          0.00
 X-1A                  0.00         1.11591%    353,277,362.00     328,522.71          0.00          0.00
 X-1B                  0.00         1.19421%    391,210,873.64     389,323.47          0.00          0.00
  X-2                  0.00         1.21201%    176,956,856.99     178,727.66          0.00          0.00
  X-B                  0.00         0.65464%     25,725,000.00      14,033.89          0.00          0.00
  A-R                100.00         3.37715%              0.00           0.00          0.00          0.00
  B-1         12,600,000.00         1.92000%     12,600,000.00      20,160.00          0.00          0.00
  B-2          8,400,000.00         1.92000%      8,400,000.00      13,440.00          0.00          0.00
  B-3          4,725,000.00         2.52000%      4,725,000.00       9,922.50          0.00          0.00
  B-4          2,625,000.00         2.68485%      2,625,000.00       5,873.10          0.00          0.00
  B-5          2,100,000.00         2.68485%      2,100,000.00       4,698.48          0.00          0.00
  B-6          3,685,162.00         2.68485%      3,685,162.00       8,245.08          0.00          0.00
-----------------------------------------------------------------------------------------------------------
Totals     1,050,010,262.00                                      2,138,036.39          0.00          0.00
-----------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------
                                                                            Remaining       Ending
                              Non-Supported                                  Unpaid       Certificate/
              Original Face     Interest      Realized   Total Interest     Interest      Notational
 Class            Amount        Shortfall     Loss (4)    Distribution      Shortfall       Balance
-------------------------------------------------------------------------------------------------------
<S>     <C>                   <C>             <C>        <C>                <C>         <C>
  1A         822,375,000.00        0.00         0.00       943,018.43          0.00     734,384,436.02
 2A-1        190,000,000.00        0.00         0.00       216,821.07          0.00     171,011,308.51
 2A-2          3,500,000.00        0.00         0.00         5,250.00          0.00       3,500,000.00
 X-1A                  0.00        0.00         0.00       328,522.71          0.00     346,782,683.38
 X-1B                  0.00        0.00         0.00       389,323.47          0.00     387,601,752.64
  X-2                  0.00        0.00         0.00       178,727.66          0.00     174,511,308.51
  X-B                  0.00        0.00         0.00        14,033.89          0.00      25,725,000.00
  A-R                100.00        0.00         0.00             0.00          0.00               0.00
  B-1         12,600,000.00        0.00         0.00        20,160.00          0.00      12,600,000.00
  B-2          8,400,000.00        0.00         0.00        13,440.00          0.00       8,400,000.00
  B-3          4,725,000.00        0.00         0.00         9,922.50          0.00       4,725,000.00
  B-4          2,625,000.00        0.00         0.00         5,873.10          0.00       2,625,000.00
  B-5          2,100,000.00        0.00         0.00         4,698.48          0.00       2,100,000.00
  B-6          3,685,162.00        0.00         0.00         8,245.08          0.00       3,685,162.00
-------------------------------------------------------------------------------------------------------
Totals     1,050,010,262.00        0.00         0.00     2,138,036.39          0.00
-------------------------------------------------------------------------------------------------------
</TABLE>

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

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------
                                                                             Payment of
                               Current        Beginning         Current        Unpaid         Current
             Original Face   Certificate     Certificate/       Accrued       Interest       Interest
Class (5)        Amount          Rate      Notional Balance     Interest     Shortfall       Shortfall
-------------------------------------------------------------------------------------------------------
<S>          <C>             <C>           <C>                 <C>           <C>             <C>
   1A        822,375,000.00    1.52000%      905.29045221      1.14670124    0.00000000      0.00000000
  2A-1       190,000,000.00    1.50000%      912.93082626      1.14116353    0.00000000      0.00000000
  2A-2         3,500,000.00    1.80000%     1000.00000000      1.50000000    0.00000000      0.00000000
  X-1A                 0.00    1.11591%      899.01654571      0.83602117    0.00000000      0.00000000
  X-1B                 0.00    1.19421%      911.03173255      0.90663644    0.00000000      0.00000000
   X-2                 0.00    1.21201%      914.50572088      0.92365716    0.00000000      0.00000000
   X-B                 0.00    0.65464%     1000.00000000      0.54553508    0.00000000      0.00000000
   A-R               100.00    3.37715%        0.00000000      0.00000000    0.00000000      0.00000000
   B-1        12,600,000.00    1.92000%     1000.00000000      1.60000000    0.00000000      0.00000000
   B-2         8,400,000.00    1.92000%     1000.00000000      1.60000000    0.00000000      0.00000000
   B-3         4,725,000.00    2.52000%     1000.00000000      2.10000000    0.00000000      0.00000000
   B-4         2,625,000.00    2.68485%     1000.00000000      2.23737143    0.00000000      0.00000000
   B-5         2,100,000.00    2.68485%     1000.00000000      2.23737143    0.00000000      0.00000000
   B-6         3,685,162.00    2.68485%     1000.00000000      2.23737247    0.00000000      0.00000000
-------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------
                                                                              Remaining
                             Non-Supported                                     Unpaid             Ending
             Original Face      Interest      Realized     Total Interest     Interest         Certificate/
Class (5)        Amount        Shortfall      Loss (6)      Distribution      Shortfall     Notational Balance
--------------------------------------------------------------------------------------------------------------
<S>          <C>             <C>              <C>          <C>                <C>           <C>
   1A        822,375,000.00    0.00000000     0.00000000       1.14670124     0.00000000        893.00433017
  2A-1       190,000,000.00    0.00000000     0.00000000       1.14116353     0.00000000        900.05951847
  2A-2         3,500,000.00    0.00000000     0.00000000       1.50000000     0.00000000       1000.00000000
  X-1A                 0.00    0.00000000     0.00000000       0.83602117     0.00000000        882.48895531
  X-1B                 0.00    0.00000000     0.00000000       0.90663644     0.00000000        902.62699746
   X-2                 0.00    0.00000000     0.00000000       0.92365716     0.00000000        901.86722744
   X-B                 0.00    0.00000000     0.00000000       0.54553508     0.00000000       1000.00000000
   A-R               100.00    0.00000000     0.00000000       0.00000000     0.00000000          0.00000000
   B-1        12,600,000.00    0.00000000     0.00000000       1.60000000     0.00000000       1000.00000000
   B-2         8,400,000.00    0.00000000     0.00000000       1.60000000     0.00000000       1000.00000000
   B-3         4,725,000.00    0.00000000     0.00000000       2.10000000     0.00000000       1000.00000000
   B-4         2,625,000.00    0.00000000     0.00000000       2.23737143     0.00000000       1000.00000000
   B-5         2,100,000.00    0.00000000     0.00000000       2.23737143     0.00000000       1000.00000000
   B-6         3,685,162.00    0.00000000     0.00000000       2.23737247     0.00000000       1000.00000000
--------------------------------------------------------------------------------------------------------------
</TABLE>

(5) Per $1 denomination

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

<PAGE>

                       Certificateholder Account Statement

                               CERTIFICATE ACCOUNT

<TABLE>
<S>                                                               <C>
Beginning Balance                                                                0.00

Deposits
         Payments of Interest and Principal                             14,884,865.21
         Liquidations, Insurance Proceeds, Reserve Funds                         0.00
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                   2,062.50
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                  --------------------
Total Deposits                                                          14,886,927.71

Withdrawals
         Reimbursement for Servicer Advances                                   464.00
         Payment of Service Fee                                            199,079.23
         Payment of Interest and Principal                              14,687,384.48
                                                                  --------------------
Total Withdrawals (Pool Distribution Amount)                            14,886,927.71

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

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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

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

                                 SERVICING FEES

<TABLE>
<S>                                                              <C>
Gross Servicing Fee                                                     199,079.23
Supported Prepayment/Curtailment Interest Shortfall                           0.00
                                                                 ------------------

Net Servicing Fee                                                       199,079.23
                                                                 ==================
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
                                            Beginning          Current          Current       Ending
           Account Type                      Balance         Withdrawals       Deposits       Balance
--------------------------------------------------------------------------------------------------------
<S>                                         <C>              <C>               <C>           <C>
Class X-A Basis Risk Reserve Fund           8,000.00            0.00             0.00        8,000.00
Class X-B Basis Risk Reserve Fund           2,000.00            0.00             0.00        2,000.00

--------------------------------------------------------------------------------------------------------
</TABLE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

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

0-29 Days         0                0.00  0-29 Days      0              0.00  0-29 Days      0              0.00
30 Days           1          825,000.00  30 Days        0              0.00  30 Days        0              0.00
60 Days           0                0.00  60 Days        0              0.00  60 Days        0              0.00
90 Days           0                0.00  90 Days        0              0.00  90 Days        0              0.00
120 Days          0                0.00  120 Days       0              0.00  120 Days       0              0.00
150 Days          0                0.00  150 Days       0              0.00  150 Days       0              0.00
180+ Days         0                0.00  180+ Days      0              0.00  180+ Days      0              0.00
              ----------- --------------            ----------- ------------            ----------- ------------
                  1          825,000.00                 0              0.00                 0              0.00

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

0-29 Days     0.000000%     0.000000%    0-29 Days  0.000000%    0.000000%   0-29 Days  0.000000%    0.000000%
30 Days       0.039809%     0.087484%    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%
              ----------- --------------            ----------- ------------            ----------- ------------
              0.039809%     0.087484%               0.000000%    0.000000%              0.000000%    0.000000%

----------------------------------------------------------------------------------------------------------------
</TABLE>

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

 0-29 Days     0             0.00  0-29 Days      0                0.00
 30 Days       0             0.00  30 Days        1          825,000.00
 60 Days       0             0.00  60 Days        0                0.00
 90 Days       0             0.00  90 Days        0                0.00
 120 Days      0             0.00  120 Days       0                0.00
 150 Days      0             0.00  150 Days       0                0.00
 180+ Days     0             0.00  180+ Days      0                0.00
          ------------ -----------            ----------- --------------
               0             0.00                 1          825,000.00

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

 0-29 Days 0.000000%   0.000000%   0-29 Days  0.000000%     0.000000%
 30 Days   0.000000%   0.000000%   30 Days    0.039809%     0.087484%
 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%              0.039809%     0.087484%

------------------------------------------------------------------------
</TABLE>

<TABLE>
<S>                                          <C>   <C>                                            <C>   <C>                <C>
Current Period Class A Insufficient Funds:   0.00  Principal Balance of Contaminated Properties   0.00  Periodic Advance   2,062.50
</TABLE>

<PAGE>

Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
                  Original $      Original %        Current $       Current %    Current Class %    Prepayment %
             -----------------   --------------  --------------   -------------  ---------------   -------------
<S>          <C>                 <C>             <C>              <C>            <C>               <C>
  Class A     1,050,010,162.00     99.99999048%  943,030,906.53   100.00000000%      96.380271%        0.000000%
  Class 1A      227,635,162.00     21.67932736%  208,646,470.51    22.12509357%      77.874906%    2,151.401643%
Class 2-A-1      37,635,162.00      3.58426611%   37,635,162.00     3.99087259%      18.134221%      500.982853%
Class 2-A-2      34,135,162.00      3.25093604%   34,135,162.00     3.61972887%       0.371144%       10.253357%
 Class X-2       34,135,162.00      3.25093604%   34,135,162.00     3.61972887%       0.000000%        0.000000%
 Class B-1       21,535,162.00      2.05094776%   21,535,162.00     2.28361148%       1.336117%       36.912085%
 Class B-2       13,135,162.00      1.25095558%   13,135,162.00     1.39286654%       0.890745%       24.608057%
 Class B-3        8,410,162.00      0.80095998%    8,410,162.00     0.89182252%       0.501044%       13.842032%
 Class B-4        5,785,162.00      0.55096242%    5,785,162.00     0.61346473%       0.278358%        7.690018%
 Class B-5        3,685,162.00      0.35096438%    3,685,162.00     0.39077850%       0.222686%        6.152014%
 Class B-6                0.00      0.00000000%            0.00     0.00000000%       0.390778%       10.795795%

Please refer to the prospectus supplement for a full description of loss exposure
----------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------
                    Original $         Original %          Current $           Current %
<S>               <C>                 <C>               <C>                   <C>
    Bankruptcy       163,046.00        0.01552804%          163,046.00         0.01728957%
         Fraud    31,500,308.00        3.00000001%       18,795,490.62         1.99309381%
Special Hazard    11,240,000.00        1.07046573%       10,830,553.62         1.14848342%

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

<PAGE>

                           DELINQUENCY STATUS BY GROUP

                                     GROUP 1

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
              DELINQUENT                            BANKRUPTCY                         FORECLOSURE
----------------------------------------------------------------------------------------------------------------
                 No. of     Principal                 No. of    Principal                 No. of    Principal
                 Loans       Balance                  Loans      Balance                  Loans      Balance
<S>            <C>          <C>          <C>        <C>         <C>         <C>         <C>         <C>
0-29 Days          0               0.00  0-29 Days      0             0.00  0-29 Days       0             0.00
30 Days            1         825,000.00  30 Days        0             0.00  30 Days         0             0.00
60 Days            0               0.00  60 Days        0             0.00  60 Days         0             0.00
90 Days            0               0.00  90 Days        0             0.00  90 Days         0             0.00
120 Days           0               0.00  120 Days       0             0.00  120 Days        0             0.00
150 Days           0               0.00  150 Days       0             0.00  150 Days        0             0.00
180+ Days          0               0.00  180+Days       0             0.00  180+ Days       0             0.00
               ----------- -------------            ----------- -----------             ----------- -----------
                   1         825,000.00                 0             0.00                  0             0.00

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

0-29 Days      0.000000%    0.000000%    0-29 Days  0.000000%   0.000000%   0-29 Days   0.000000%   0.000000%
30 Days        0.050378%    0.108265%    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%
               ----------- -------------            ----------- -----------             ----------- -----------
               0.050378%    0.108265%               0.000000%   0.000000%               0.000000%   0.000000%
----------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------
                REO                                 TOTAL
--------------------------------------------------------------------------
              No. of     Principal                 No. of     Principal
               Loans      Balance                  Loans       Balance
<S>          <C>         <C>         <C>         <C>          <C>
0-29 Days        0             0.00  0-29 Days       0               0.00
30 Days         0.             0.00  30 Days         1         825,000.00
60 Days          0             0.00  60 Days         0               0.00
90 Days          0             0.00  90 Days         0               0.00
120 Days         0             0.00  120 Days        0               0.00
150 Days         0             0.00  150 Days        0               0.00
180+ Days        0             0.00  180+Days        0               0.00
            ------------ -----------             ----------- -------------
                 0             0.00                  1         825,000.00

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

0-29 Days    0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days      0.000000%   0.000000%   30 Days     0.050378%    0.108265%
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%               0.050378%    0.108265%
--------------------------------------------------------------------------
</TABLE>

                                     GROUP 2

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

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

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

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

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

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

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
           Collateral Description                                             Mixed ARM
<S>                                                                      <C>
Weighted Average Gross Coupon                                                  2.934907%
Weighted Average Net Coupon                                                    2.684907%
Weighted Average Pass-Through Rate                                             2.684907%
Weighted Average Maturity (Stepdown Calculation)                                    286

Beginning Scheduled Collateral Loan Count                                         2,545
Number of Loans Paid in Full                                                         33
Ending Scheduled Collateral Loan Count                                            2,512

Beginning Scheduled Collateral Balance                                   955,580,254.63
Ending Scheduled Collateral Balance                                      943,030,906.53
Ending Actual Collateral Balance at 30-Sept-2003                         943,030,907.64

Monthly P&I Constant                                                       2,337,115.61
Special Servicing Fee                                                              0.00
Prepayment Penalties                                                               0.00
Realization Loss Amount                                                            0.00
Cumulative Realized Loss                                                           0.00

Class A Optimal Amount                                                    14,611,011.44

Ending Scheduled Balance for Premium Loans                               943,030,906.53

Scheduled Principal                                                                0.00
Unscheduled Principal                                                     12,549,348.10
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
           GROUP                                  1                  2                       TOTAL
<S>                                        <C>                <C>                      <C>
Collateral Description                          Mixed ARM        6 Month ARM                Mixed ARM
Weighted Average Coupon Rate                     2.927057           2.967942                 2.934907
Weighted Average Net Rate                        2.677057           2.717942                 2.684907
Pass-Through Rate                                2.677057           2.717942                 2.684907
Weighted Average Maturity                             286                286                      286
Record Date                                    09/30/2003         09/30/2003               09/30/2003
Principal and Interest Constant              1,883,366.69         453,748.92             2,337,115.61
Beginning Loan Count                                2,011                534                    2,545
Loans Paid in Full                                     26                  7                       33
Ending Loan Count                                   1,985                527                    2,512
Beginning Scheduled Balance                772,120,232.64     183,460,021.99           955,580,254.63
Ending Scheduled Balance                   762,016,433.02     181,014,473.51           943,030,906.53
Scheduled Principal                                  0.00               0.00                     0.00
Unscheduled Principal                       10,103,799.62       2,445,548.48            12,549,348.10
Scheduled Interest                           1,883,366.69         453,748.92             2,337,115.61
Servicing Fee                                  160,858.39          38,220.84               199,079.23
Master Servicing Fee                                 0.00               0.00                     0.00
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                                 1,722,508.30         415,528.08             2,138,036.38
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>

                             Miscellaneous Reporting

<TABLE>
Group 1

<S>                                                              <C>
One Month LIBOR Loans                                            359,830,751.39
Six Month LIBOR Loans                                            402,185,681.63
Pro Rata Senior Percentage                                           96.421283%
Senior Percentage                                                   100.000000%
Senior Prepayment Percentage                                        100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%

Group 2

Pro Rata Senior Percentage                                           96.455269%
Senior Percentage                                                   100.000000%
Senior Prepayment Percentage                                        100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%
</TABLE>

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