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 2002-8
                            RECORD DATE: MAY 30, 2003
                        DISTRIBUTION DATE: JUNE 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                            Certificate                            Beginning
                               Class       Certificate Pass-      Certificate         Interest        Principal       Current
 Class         CUSIP        Description     Through Rate            Balance         Distribution    Distribution    Realized Loss
---------------------------------------------------------------------------------------------------------------------------------
<S>          <C>            <C>            <C>                  <C>                 <C>             <C>             <C>
 1-A1         81743RAA0         SEN           1.44813%            4,513,768.18          5,628.67     4,513,768.18       0.00
 1-A2         81743RAB8         SEN           3.45500%           61,468,000.00        176,976.62     2,008,065.26       0.00
  2A          81743RAC6         SEN           1.61813%          427,094,596.60        575,912.15     6,163,106.01       0.00
  3A          81743RAD4         SEN           3.23797%           43,910,430.37        118,484.00        18,227.47       0.00
  X-1         81743RAE2          IO           1.96759%                    0.00        108,187.26             0.00       0.00
 X-2A        81743RAFf9          IO           0.96476%                    0.00        140,155.12             0.00       0.00
 X-2B         81743AFG7          IO           1.31446%                    0.00        276,874.37             0.00       0.00
  X-B         81743RAH5          IO           1.27856%                    0.00          9,622.72             0.00       0.00
  A-R         81743RAJ1         SEN           5.37281%                    0.00              0.00             0.00       0.00
  B-1         81743RAK8         SUB           1.99313%            9,069,000.00         15,063.08             0.00       0.00
  B-2         81743RAL6         SUB           3.27169%            5,505,000.00         15,008.88             0.00       0.00
  B-3         81743RAM4         SUB           3.27169%            3,886,000.00         10,594.83             0.00       0.00
  B-4         SMT0208B4         SUB           3.27169%            1,618,000.00          4,411.33             0.00       0.00
  B-5         SMT0208B5         SUB           3.27169%              970,000.00          2,644.62             0.00       0.00
  B-6         SMT0208B6         SUB           3.27169%            2,306,324.82          6,287.98             0.00       0.00
             ---------------------------------------------------------------------------------------------------------------
Totals                                                          560,341,119.97      1,465,891.63    12,703,166.92       0.00
----------------------------------------------------------------------------------------------------------------------------

<CAPTION>

----------------------------------------------------------------
                  Ending
                Certificate          Total          Cumulative
 Class            Balance         Distribution     Realized Loss
----------------------------------------------------------------
<S>           <C>                <C>               <C>
 1-A1                   0.00      4,519,396.85          0.00
 1-A2          59,459,934.74      2,185,041.88          0.00
  2A          420,931,490.59      6,739,018.16          0.00
  3A           43,892,202.90        136,711.47          0.00
  X-1                   0.00        108,187.26          0.00
 X-2A                   0.00        140,155.12          0.00
 X-2B                   0.00        276,874.37          0.00
  X-B                   0.00          9,662.72          0.00
  A-R                   0.00              0.00          0.00
  B-1           9,069,000.00         15,063.08          0.00
  B-2           5,505,000.00         15,008.88          0.00
  B-3           3,886,000.00         10,594.83          0.00
  B-4           1,618,000.00          4,411.33          0.00
  B-5             970,000.00          2,644.62          0.00
  B-6           2,306,324.82          6,287.98          0.00
              ----------------------------------------------
Totals        547,637,953.05     14,169,058.55          0.00
------------------------------------------------------------
</TABLE>

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

<PAGE>

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
                                 Beginning       Scheduled      Unscheduled
            Original Face       Certificate      Principal        Principal                    Realized   Total Principal
 Class          Amount            Balance       Distribution    Distribution     Accretion     Loss (1)      Reduction
-------------------------------------------------------------------------------------------------------------------------
<S>         <C>               <C>               <C>             <C>              <C>           <C>        <C>
 1-A1        50,000,000.00      4,513,768.18        0.00         4,513,768.18      0.00          0.00       4,513,768.18
 1-A2        61,468,000.00     61,468,000.00        0.00         2,008,065.26      0.00          0.00       2,008,065.26
  2A        463,097,000.00    427,094,596.60        0.00         6,163,106.01      0.00          0.00       6,163,106.01
  3A         49,973,000.00     43,910,430.37        0.00            18,227.47      0.00          0.00          18,227.47
  X-1                 0.00              0.00        0.00                 0.00      0.00          0.00               0.00
 X-2A                 0.00              0.00        0.00                 0.00      0.00          0.00               0.00
 X-2B                 0.00              0.00        0.00                 0.00      0.00          0.00               0.00
  X-B                 0.00              0.00        0.00                 0.00      0.00          0.00               0.00
  A-R               100.00              0.00        0.00                 0.00      0.00          0.00               0.00
  B-1         9,069,000.00      9,069,000.00        0.00                 0.00      0.00          0.00               0.00
  B-2         5,505,000.00      5,505,000.00        0.00                 0.00      0.00          0.00               0.00
  B-3         3,886,000.00      3,886,000.00        0.00                 0.00      0.00          0.00               0.00
  B-4         1,618,000.00      1,618,000.00        0.00                 0.00      0.00          0.00               0.00
  B-5           970,000.00        970,000.00        0.00                 0.00      0.00          0.00               0.00
  B-6         2,306,324.82      2,306,324.82        0.00                 0.00      0.00          0.00               0.00
            -------------------------------------------------------------------------------------------------------------
Totals      647,892,424.82    560,341,119.97        0.00        12,703,166.92      0.00          0.00      12,703,166.92
-------------------------------------------------------------------------------------------------------------------------

<CAPTION>

--------------------------------------------------------------------
          Ending Certificate    Ending Certificate   Total Principal
 Class         Balance              Percentage         Distribution
--------------------------------------------------------------------
<S>       <C>           <C>     <C>                  <C>
 1-A1                 0.00          0.00000000         4,513,768.18
 1-A2        59,459,934.74          0.96733153         2,008,065.26
  2A        420,931,490.59          0.90894886         6,163,106.01
  3A         43,892,202.90          0.87831835            18,227.47
  X-1                 0.00          0.00000000                 0.00
 X-2A                 0.00          0.00000000                 0.00
 X-2B                 0.00          0.00000000                 0.00
  X-B                 0.00          0.00000000                 0.00
  A-R                 0.00          0.00000000                 0.00
  B-1         9,069,000.00          1.00000000                 0.00
  B-2         5,505,000.00          1.00000000                 0.00
  B-3         3,886,000.00          1.00000000                 0.00
  B-4         1,618,000.00          1.00000000                 0.00
  B-5           970,000.00          1.00000000                 0.00
  B-6         2,306,324.82          1.00000000                 0.00
          ---------------------------------------------------------
Totals      547,637,953.05          0.84526062        12,703,166.92
-------------------------------------------------------------------
</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     Total Principal
 Class          Amount            Balance      Distribution    Distribution     Accretion      Loss (3)        Reduction
---------------------------------------------------------------------------------------------------------------------------
<S>         <C>                <C>             <C>             <C>              <C>           <C>           <C>
 1-A1        50,000,000.00       90.27536360    0.00000000      90.27536360    0.00000000     0.00000000      90.27536360
 1-A2        61,468,000.00     1000.00000000    0.00000000      32.66846587    0.00000000     0.00000000      32.66846587
  2A        463,097,000.00      922.25731672    0.00000000      13.30845592    0.00000000     0.00000000      13.30845592
  3A         49,973,000.00      878.68309627    0.00000000       0.36474636    0.00000000     0.00000000       0.36474636
  X-1                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
 X-2A                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
 X-2B                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
  X-B                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
  A-R               100.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
  B-1         9,069,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
  B-2         5,505,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
  B-3         3,886,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
  B-4         1,618,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
  B-5           970,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
  B-6         2,306,324.82     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
-------------------------------------------------------------------------------------------------------------------------

<CAPTION>

-------------------------------------------------------------------
           Ending Certificate   Ending Certificate  Total Principal
 Class          Balance            Percentage         Distribution
-------------------------------------------------------------------
<S>          <C>                <C>                 <C>
 1-A1           0.00000000          0.00000000        90.27536360
 1-A2         967.33153413          0.96733153        32.66846587
  2A          908.94886080          0.90894886        13.30845592
  3A          878.31834991          0.87831835         0.36574636
  X-1           0.00000000          0.00000000         0.00000000
 X-2A           0.00000000          0.00000000         0.00000000
 X-2B           0.00000000          0.00000000         0.00000000
  X-B           0.00000000          0.00000000         0.00000000
  A-R           0.00000000          0.00000000         0.00000000
  B-1        1000.00000000          1.00000000         0.00000000
  B-2        1000.00000000          1.00000000         0.00000000
  B-3        1000.00000000          1.00000000         0.00000000
  B-4        1000.00000000          1.00000000         0.00000000
  B-5        1000.00000000          1.00000000         0.00000000
  B-6        1000.00000000          1.00000000         0.00000000
-----------------------------------------------------------------
</TABLE>

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

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                                      Beginning                        Payment of                    Non-
                                                    Certificate/      Current            Unpaid       Current     Supported
              Original Face        Current            Notional        Accrued           Interest      Interest     Interest
Class            Amount        Certificate Rate       Balance         Interest          Shortfall     Shortfall    Shortfall
----------------------------------------------------------------------------------------------------------------------------
<S>          <C>               <C>                 <C>              <C>                <C>            <C>         <C>
 1-A1         50,000,000.00         1.44813%         4,513,768.18       5,628.67          0.00          0.00         0.00
 1-A2         61,468,000.00         3.45500%        61,468,000.00     176,976.62          0.00          0.00         0.00
  2A         463,097,000.00         1.61813%       427,094,596.60     575,912.15          0.00          0.00         0.00
  3A          49,973,000.00         3.23797%        43,910,430.37     118,484.00          0.00          0.00         0.00
  X-1                  0.00         1.96759%        65,981,768.18     108,187.26          0.00          0.00         0.00
 X-2A                  0.00         0.96476%       174,330,306.43     140,155.12          0.00          0.00         0.00
 X-2B                  0.00         1.31446%       252,764,290.17     276,874.37          0.00          0.00         0.00
  X-B                  0.00         1.27856%         9,069,000.00       9,662.72          0.00          0.00         0.00
  A-R                100.00         5.37281%                 0.00           0.00          0.00          0.00         0.00
  B-1          9,069,000.00         1.99313%         9,069,000.00      15,063.08          0.00          0.00         0.00
  B-2          5,505,000.00         3.27169%         5,505,000.00      15,008.88          0.00          0.00         0.00
  B-3          3,886,000.00         3.27169%         3,886,000.00      10,594.83          0.00          0.00         0.00
  B-4          1,618,000.00         3.27169%         1,618,000.00       4,411.33          0.00          0.00         0.00
  B-5            970,000.00         3.27169%           970,000.00       2,644.62          0.00          0.00         0.00
  B-6          2,306,324.82         3.27169%         2,306,324.82       6,287.98          0.00          0.00         0.00
-------------------------------------------------------------------------------------------------------------------------
Totals       647,892,424.82                                         1,465,891.63          0.00          0.00         0.00
-------------------------------------------------------------------------------------------------------------------------

<CAPTION>

----------------------------------------------------------------------
                                             Remaining     Ending
                                              Unpaid     Certificate/
              Realized  Total Interest       Interest     Notational
Class         Loss (4)   Distribution        Shortfall     Balance
----------------------------------------------------------------------
<S>           <C>       <C>                  <C>        <C>
 1-A1           0.00         5,628.67          0.00               0.00
 1-A2           0.00       176,976.62          0.00      59,459,934.74
  2A            0.00       575,912.15          0.00     420,931,490.59
  3A            0.00       118,484.00          0.00      43,892,202.90
  X-1           0.00       108,187.26          0.00      59,459,934.74
 X-2A           0.00       140,155.12          0.00     172,686,748.00
 X-2B           0.00       276,874.37          0.00     248,244,742.58
  X-B           0.00         9,662.72          0.00       9,069,000.00
  A-R           0.00             0.00          0.00               0.00
  B-1           0.00        15,063.08          0.00       9,069,000.00
  B-2           0.00        15,008.88          0.00       5,505,000.00
  B-3           0.00        10,594.83          0.00       3,886,000.00
  B-4           0.00         4,411.33          0.00       1,618,000.00
  B-5           0.00         2,644.62          0.00         970,000.00
  B-6           0.00         6,287.98          0.00       2,306,324.82
----------------------------------------------------------------------
Totals          0.00     1,465,891.63          0.00
----------------------------------------------------------------------
</TABLE>

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

<PAGE>

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
                                                                                Payment of                    Non-
                               Current        Beginning                           Unpaid      Current      Supported
 Class        Original Face  Certificate     Certificate/     Current Accrued    Interest     Interest     Interest
  (5)            Amount          Rate     Notional Balance        Interest      Shortfall    Shortfall     Shortfall
--------------------------------------------------------------------------------------------------------------------
<S>          <C>             <C>          <C>                 <C>               <C>          <C>           <C>
  1-A1        50,000,000.00    1.44813%       90.27536360        0.11257340     0.00000000   0.00000000    0.00000000
  1-A2        61,468,000.00    3.45500%     1000.00000000        2.87916672     0.00000000   0.00000000    0.00000000
   2A        463,097,000.00    1.61813%      922.25731672        1.24361019     0.00000000   0.00000000    0.00000000
   3A         49,973,000.00    3.23797%      878.68309627        2.37096032     0.00000000   0.00000000    0.00000000
   X-1                 0.00    1.96759%      591.93461962        0.97056788     0.00000000   0.00000000    0.00000000
  X-2A                 0.00    0.96476%      925.49334178        0.74406242     0.00000000   0.00000000    0.00000000
  X-2B                 0.00    1.31446%      920.03860028        1.00779706     0.00000000   0.00000000    0.00000000
   X-B                 0.00    1.27856%     1000.00000000        1.06546698     0.00000000   0.00000000    0.00000000
   A-R               100.00    5.37281%        0.00000000        0.00000000     0.00000000   0.00000000    0.00000000
   B-1         9,069,000.00    1.99313%     1000.00000000        1.66094167     0.00000000   0.00000000    0.00000000
   B-2         5,505,000.00    3.27169%     1000.00000000        2.72640872     0.00000000   0.00000000    0.00000000
   B-3         3,886,000.00    3.27169%     1000.00000000        2.72641019     0.00000000   0.00000000    0.00000000
   B-4         1,618,000.00    3.27169%     1000.00000000        2.72640915     0.00000000   0.00000000    0.00000000
   B-5           970,000.00    3.27169%     1000.00000000        2.72641237     0.00000000   0.00000000    0.00000000
   B-6         2,306,324.82    3.27169%     1000.00000000        2.72640694     0.00000000   0.00000000    0.00000000
---------------------------------------------------------------------------------------------------------------------

<CAPTION>

-----------------------------------------------------------------------------
                                              Remaining
                                                Unpaid
 Class        Realized       Total Interest    Interest   Ending Certificate/
  (5)         Loss (6)        Distribution     Shortfall   Notational Balance
-----------------------------------------------------------------------------
<S>          <C>             <C>              <C>         <C>
  1-A1       0.00000000        0.11257340     0.00000000         0.00000000
  1-A2       0.00000000        2.87916672     0.00000000       967.33153413
   2A        0.00000000        1.24361019     0.00000000       908.94886080
   3A        0.00000000        2.37096032     0.00000000       878.31834991
   X-1       0.00000000        0.97056788     0.00000000       533.42604819
  X-2A       0.00000000        0.74406242     0.00000000       916.76793760
  X-2B       0.00000000        1.00779706     0.00000000       903.58786574
   X-B       0.00000000        1.06546698     0.00000000      1000.00000000
   A-R       0.00000000        0.00000000     0.00000000         0.00000000
   B-1       0.00000000        1.66094167     0.00000000      1000.00000000
   B-2       0.00000000        2.72640872     0.00000000      1000.00000000
   B-3       0.00000000        2.72641019     0.00000000      1000.00000000
   B-4       0.00000000        2.72640915     0.00000000      1000.00000000
   B-5       0.00000000        2.72641237     0.00000000      1000.00000000
   B-6       0.00000000        2.72640694     0.00000000      1000.00000000
---------------------------------------------------------------------------
</TABLE>

(5)  Per $1 denomination

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

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

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

Deposits
         Payments of Interest and Principal                      14,344,675.33
         Liquidations, Insurance Proceeds, Reserve Funds                  0.00
         Proceeds from Repurchased Loans                                  0.00
         Other Amounts (Servicer Advances)                              924.49
         Realized Losses                                                  0.00
         Prepayment Penalties                                             0.00
                                                                 -------------
Total Deposits                                                   14,345,599.82

Withdrawals
         Reimbursement for Servicer Advances                              0.00
         Payment of Service Fee                                     176,541.27
         Payment of Interest and Principal                       14,169,058.55
                                                                 -------------
Total Withdrawals (Pool Distribution Amount)                     14,345,599.82

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

<PAGE>

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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

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

                                 SERVICING FEES

<TABLE>
<S>                                                               <C>
Gross Servicing Fee                                              172,338.70
Master Servicing Fee                                               4,202.57
Non-Supported Prepayment/Curtailment Interest Shortfall                0.00
                                                                 ----------

Net Servicing Fee                                                176,541.27
                                                                 ==========
</TABLE>

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

<PAGE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------
            DELINQUENT                             BANKRUPTCY                         FORECLOSURE
--------------------------------------------------------------------------------------------------------------
                No. of      Principal                No. of    Principal                 No. of      Principal
                Loans        Balance                 Loans      Balance                  Loans       Balance
<S>            <C>         <C>          <C>         <C>        <C>          <C>         <C>          <C>
0-29 Days          0             0.00   0-29 Days      0          0.00      0-29 Days      0             0.00
30 Days            2       359,999.90   30 Days        0          0.00      30 Days        0             0.00
60 Days            0             0.00   60 Days        0          0.00      60 Days        0             0.00
90 Days            0             0.00   90 Days        0          0.00      90 Days        0             0.00
120 Days           0             0.00   120 Days       0          0.00      120 Days       0             0.00
150 Days           0             0.00   150 Days       0          0.00      150 Days       0             0.00
180+ Days          0             0.00   180+ Days      0          0.00      180+ Days      0             0.00
               --------    ----------               --------   ---------                --------     --------
                   2       359,999.90                  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        0.139470%     0.065737%  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%
               ----------- ----------               --------    --------                --------     --------
               0.139470%     0.065737%              0.000000%   0.000000%               0.000000%    0.000000%
-------------------------------------------------------------------------------------------------------------

<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         2     359,999.90
 60 Days         0            0.00    60 Days         0           0.00
 90 Days         0            0.00    90 Days         0           0.00
 120 Days        0            0.00    120 Days        0           0.00
 150 Days        0            0.00    150 Days        0           0.00
 180+ Days       0            0.00    180+ Days       0           0.00
              --------   ---------               ---------  ----------
                 0            0.00                    2     359,999.90

               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     0.139470%   0.065737%
   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%               0.139470%   0.065737%
----------------------------------------------------------------------
</TABLE>

<TABLE>
<S>                                          <C>                                                  <C>                      <C>
Current Period Class A Insufficient Funds:   0.00  Principal Balance of Contaminated Properties   0.00  Periodic Advance   924.49
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                    Original $       Original%       Current $           Current %    Current Class %    Prepayment %
                  --------------    -----------    --------------      ------------   ---------------    ------------
<S>               <C>               <C>            <C>                 <C>            <C>               <C>
Class A           647,892,324.82    99.99998457%   547,637,953.05      100.00000000%     95.735444%         0.000000%
Class 1-A-1       597,892.324.82    92.28265402%   547,637,953.05      100.00000000%      0.000000%         0.000000%
Class 1-A-2       536,424,324.82    82.79527654%   488,178,018.31       89.14247371%     10.857526%       254.599245%
Class 2A           73,327,324.82    11.31782407%    67,246,527.72       12.27937679%     76.863097%     1,802.370627%
Class 3A           23,354,324.82     3.60466089%    23,354,324.82        4.26455557%      8.014821%       187.940363%
Class X-1          23,354,324.82     3.60466089%    23,354,324.82        4.26455557%      0.000000%         0.000000%
Class B-1          14,285,324.82     2.20489147%    14,283,324.82        2.60853448%      1.656021%        38.832208%
Class B-2           8,780,324.82     1.35521338%     8,780,324.82        1.60330831%      1.005226%        23.571651%
Class B-3           4,894,324.82     0.75542245%     4,894,324.82        0.89371542%      0.709593%        16.639316%
Class B-4           3,276,324.82     0.50568963%     3,276,324.82        0.59826475%      0.295451%         6.928053%
Class B-5           2,306,324.82     0.35597342%     2,306,324.82        0.42114043%      0.177124%         4.153406%
Class B-6                   0.00     0.00000000%             0.00        0.00000000%      0.421140%         9.875365%
</TABLE>

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

<TABLE>
<CAPTION>
                     Original $          Original %          Current $           Current %
<S>                <C>                  <C>               <C>                   <C>
Bankruptcy            126,045.00        0.01945462%          126,045.00         0.02301612%
Fraud              19,436,773.00        3.00000004%       19,436,773.00         3.54920124%
Special Hazard     15,500,000.00        2.39237247%       15,499,500.00         2.83024577%
</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
---------------------------------------------------------------------
<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        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
-------------------------------------------------------------------------------------------------------------
                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        243,999.90  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        243,999.90                 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        0.085690%   0.055679%   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%
               --------------------                --------------------                ---------------------
               0.085690%   0.055679%               0.000000%   0.000000%               0.000000%    0.000000%
------------------------------------------------------------------------------------------------------------

<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        243,999.90
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        243,999.90

             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     0.085690%    0.055679%
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%               0.085690%    0.055679%
---------------------------------------------------------------------
</TABLE>

<PAGE>

                                     Group 3
<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           1        116,000.00  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        116,000.00                 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        0.724638%   0.253334%   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%
               --------------------                --------------------                ---------------------
               0.724638%   0.253334%               0.000000%   0.000000%               0.000000%    0.000000%
------------------------------------------------------------------------------------------------------------

<CAPTION>

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

0-29 Days      0          0.00      0-29 Days      0              0.00
30 Days        0          0.00      30 Days        1        116,000.00
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        116,000.00

             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     0.724638%    0.253334%
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%               0.724638%    0.253334%
---------------------------------------------------------------------
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<S>                                                                       <C>
Collateral Description                                                         Mixed Arm
Weighted Average Gross Coupon                                                   3.517357%
Weighted Average Net Coupon                                                     3.148284%
Weighted Average Pass-Through Rate                                              3.139284%
Weighted Average Maturity (Stepdown Calculation)                                     321

Beginning Scheduled Collateral Loan Count                                          1,462
Number of Loans Paid in Full                                                          28
Ending Scheduled Collateral Loan Count                                             1,434

Beginning Scheduled Collateral Balance                                    560,341,119.97
Ending Scheduled Collateral Balance                                       547,637,953.05
Ending Actual Collateral Balance at 30-May-2003                           547,639,071.28

Monthly P&I Constant                                                        1,642,432.91
Special Servicing Fee                                                               0.00
Prepayment Penalties                                                                0.00
Realization Loss Amount                                                             0.00
Cumulative Realized Loss                                                            0.00

Class A Optimal Amount                                                     14,105,385.12

Ending Scheduled Balance for Premium Loans                                547,637,953.05

Scheduled Principal                                                                 0.00
Unscheduled Principal                                                      12,703,166.92
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                      <C>
One Month Libor Loan Balance                                              179,781,631.23
Six Month Libor Loan Balance - POOL 1                                      63,623,217.63
Six Month Libor Loan Balance - POOL 2                                     258,443,947.10
Six Month Libor Loan Balance - POOL 3                                      45,789,157.09
Pro Rata Senior Percent                                                        95.832124%
Senior Percentage                                                             100.000000%
Senior Prepay Percentage                                                      100.000000%
Subordinate Percentage                                                          0.000000%
Subordinate Prepayment Percentage                                               0.000000%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                 GROUP                            1                2                     3                  TOTAL
<S>                                         <C>              <C>                    <C>                 <C>
Collateral Description                          Mixed ARM         Mixed ARM             Mixed ARM            Mixed ARM
Weighted Average Coupon Rate                     5.547598          3.186107              3.621973             3.517357
Weighted Average Net Rate                        5.297598          2.798850              3.246973             3.148284
Pass-Through Rate                                5.288598          2.789850              3.237973             3.139284
Weighted Average Maturity                             345               312                   349                  321
Record Date                                    05/30/2003        05/30/2003            05/30/2003           05/30/2003
Principal and Interest Constant                324,280.47      1,179,891.50            138,260.94         1,642,432.91
Beginning Loan Count                                  143             1,181                   138                1,462
Loans Paid in Full                                     14                14                     0                   28
Ending Loan Count                                     129             1,167                   138                1,434
Beginning Scheduled Balance                 70,145,051.07    444,388,684.34         45,807,384.56       560,341,119.97
Ending Scheduled Balance                    63.623,217.63    438,225,578.33         45,789,157.09       547,637,953.05
Scheduled Principal                                  0.00              0.00                  0.00                 0.00
Unscheduled Principal                        6,521,833.44      6,163,106.01             18,227.47        12,703,166.92
Scheduled Interest                             324,280.47      1,179,891.50            138,260.94         1,642,432.91
Servicing Fee                                   14,613.55        143,410.34             14,314.81           172,338.70
Master Servicing Fee                               526.09          3,332.92                343.56             4,202.57
Trustee Fee                                          0.00              0.00                  0.00                 0.00
FRY Amount                                           0.00              0.00                  0.00                 0.00
Special Hazard Fee                                   0.00              0.00                  0.00                 0.00
Other Fee                                            0.00              0.00                  0.00                 0.00
Pool Insurance Fee                                   0.00              0.00                  0.00                 0.00
Spread 1                                             0.00              0.00                  0.00                 0.00
Spread 2                                             0.00              0.00                  0.00                 0.00
Spread 3                                             0.00              0.00                  0.00                 0.00
Net Interest                                   309,140.83      1,033,148.24            123,602.57         1,465,891.64
Realized Loss Amount                                 0.00              0.00                  0.00                 0.00
Cumulative Realized Loss                             0.00              0.00                  0.00                 0.00
Percentage of Cumulative Losses                      0.00              0.00                  0.00                 0.00
Prepayment Penalties                                 0.00              0.00                  0.00                 0.00
Special Servicing Fee                                0.00              0.00                  0.00                 0.00
</TABLE><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: MAY 30, 2003
                        DISTRIBUTION DATE: JUNE 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                              Certificate                         Beginning
                                 Class      Certificate Pass-    Certificate         Interest
   Class          CUSIP       Description     Through Rate         Balance         Distribution
-----------------------------------------------------------------------------------------------
<S>             <C>           <C>           <C>                <C>                 <C>
    1A          81743SAA8         SEN            1.66813%      364,878,423.65        507,220.54
    2A          81743SAB6         SEN            2.99944%      143,141,742.68        357,787.73
   X-1A         81743SAC4          IO            0.91556%                0.00        148,807.62
   X-1B         81743SAD2          IO            1.04711%                0.00        148,200.75
    X-B         81743SAE0          IO            0.68553%                0.00          4,399.97
    A-R         81743SAF7         SEN            3.16231%                0.00              0.00
    B-1         81743SAG5         SUB            2.06813%        7,702,000.00         13,273.95
    B-2         81743SAH3         SUB            2.75366%        4,564,000.00         10,473.09
    B-3         81743SAJ9         SUB            2.75366%        3,424,000.00          7,857.11
    B-4         SMT0209B4         SUB            2.75366%        1,426,000.00          3,272.27
    B-5         SMR0209B5         SUB            2.75366%          856,000.00          1,964.28
    B-6         SMT0209B6         SUB            2.75366%        1,997,086.78          4,582.75
-----------------------------------------------------------------------------------------------
Totals                                                         527,989,253.11      1,207,840.06
-----------------------------------------------------------------------------------------------

<CAPTION>
                                                   Ending
               Principal         Current         Certificate          Total         Cumulative
   Class     Distribution     Realized Loss        Balance         Distribution    Realized Loss
------------------------------------------------------------------------------------------------
<S>          <C>              <C>              <C>                <C>              <C>
    1A       3,337,803.88          0.00        361,540,619.77      3,845,024.42         0.00
    2A       4,035,870.08          0.00        139,105,872.60      4,393,657.81         0.00
   X-1A              0.00          0.00                  0.00        148,807.62         0.00
   X-1B              0.00          0.00                  0.00        148,200.75         0.00
    X-B              0.00          0.00                  0.00          4,399.97         0.00
    A-R              0.00          0.00                  0.00              0.00         0.00
    B-1              0.00          0.00          7,702,000.00         13,273.95         0.00
    B-2              0.00          0.00          4,564,000.00         10,473.09         0.00
    B-3              0.00          0.00          3,424,000.00          7,857.11         0.00
    B-4              0.00          0.00          1,426,000.00          3,272.27         0.00
    B-5              0.00          0.00            856,000.00          1,964.28         0.00
    B-6              0.00          0.00          1,997,086.78          4,582.75         0.00
--------------------------------------------------------------------------------------------
Totals       7,373,673.96          0.00        520,615,579.15      8,581,514.02         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
   Class          Amount            Balance       Distribution   Distribution    Accretion
------------------------------------------------------------------------------------------
<S>           <C>               <C>               <C>            <C>             <C>
    1A        381,698,000.00    364,878,423.65        0.00       3,337,803.88      0.00
    2A        168,875,000.00    143,141,742.68        0.00       4,035,870.08      0.00
   X-1A                 0.00              0.00        0.00               0.00      0.00
   X-1B                 0.00              0.00        0.00               0.00      0.00
    X-B                 0.00              0.00        0.00               0.00      0.00
    A-R               100.00              0.00        0.00               0.00      0.00
    B-1         7,702,000.00      7,702,000.00        0.00               0.00      0.00
    B-2         4,564,000.00      4,564,000.00        0.00               0.00      0.00
    B-3         3,424,000.00      3,424,000.00        0.00               0.00      0.00
    B-4         1,426,000.00      1,426,000.00        0.00               0.00      0.00
    B-5           856,000.00        856,000.00        0.00               0.00      0.00
    B-6         1,997,086.78      1,997,086.78        0.00               0.00      0.00
---------------------------------------------------------------------------------------
Totals        570,533,186.78    527,989,253.11        0.00       7,373,673.96      0.00
---------------------------------------------------------------------------------------

<CAPTION>
               Realized    Total Principal   Ending Certificate     Ending Certificate    Total Principal
   Class       Loss (1)       Reduction           Balance                Percentage         Distribution
---------------------------------------------------------------------------------------------------------
<S>            <C>         <C>               <C>                    <C>                   <C>
    1A            0.00       3,337,803.88       361,540,619.77          0.94721257          3,337,803.88
    2A            0.00       4,035,870.08       139,105,872.60          0.82372093          4,035,870.08
   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           0.00               0.00                 0.00          0.00000000                  0.00
    B-1           0.00               0.00         7,702,000.00          1.00000000                  0.00
    B-2           0.00               0.00         4,564,000.00          1.00000000                  0.00
    B-3           0.00               0.00         3,424,000.00          1.00000000                  0.00
    B-4           0.00               0.00         1,426,000.00          1.00000000                  0.00
    B-5           0.00               0.00           856,000.00          1.00000000                  0.00
    B-6           0.00               0.00         1,997,086.78          1.00000000                  0.00
--------------------------------------------------------------------------------------------------------
Totals            0.00       7,373,673.96       520,615,579.15          0.91250709          7,373,673.96
--------------------------------------------------------------------------------------------------------
</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
   Class         Amount            Balance      Distribution    Distribution    Accretion
------------------------------------------------------------------------------------------
<S>          <C>                <C>             <C>             <C>             <C>
    1A       381,698,000.00      995.95739896     0.00000000      8.74482597    0.00000000
    2A       168,875,000.00      847.61949774     0.00000000     23.89856450    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-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        7,702,000.00     1000.00000000     0.00000000      0.00000000    0.00000000
    B-2        4,564,000.00     1000.00000000     0.00000000      0.00000000    0.00000000
    B-3        3,424,000.00     1000.00000000     0.00000000      0.00000000    0.00000000
    B-4        1,426,000.00     1000.00000000     0.00000000      0.00000000    0.00000000
    B-5          856,000.00     1000.00000000     0.00000000      0.00000000    0.00000000
    B-6        1,997,086.78     1000.00000000     0.00000000      0.00000000    0.00000000
------------------------------------------------------------------------------------------

<CAPTION>
                 Realized     Total Principal   Ending Certificate    Ending Certificate   Total Principal
   Class         Loss (3)        Reduction           Balance              Percentage        Distribution
----------------------------------------------------------------------------------------------------------
<S>             <C>           <C>               <C>                   <C>                  <C>
    1A          0.00000000       8.74482597         947.21257298          0.94721257         8.74482597
    2A          0.00000000      23.89856450         823.72093323          0.82372093        23.89856450
   X-1A         0.00000000       0.00000000           0.00000000          0.00000000         0.00000000
   X-1B         0.00000000       0.00000000           0.00000000          0.00000000         0.00000000
    X-B         0.00000000       0.00000000           0.00000000          0.00000000         0.00000000
    A-R         0.00000000       0.00000000           0.00000000          0.00000000         0.00000000
    B-1         0.00000000       0.00000000        1000.00000000          1.00000000         0.00000000
    B-2         0.00000000       0.00000000        1000.00000000          1.00000000         0.00000000
    B-3         0.00000000       0.00000000        1000.00000000          1.00000000         0.00000000
    B-4         0.00000000       0.00000000        1000.00000000          1.00000000         0.00000000
    B-5         0.00000000       0.00000000        1000.00000000          1.00000000         0.00000000
    B-6         0.00000000       0.00000000        1000.00000000          1.00000000         0.00000000
-------------------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                                                                   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       381,698,000.00         1.66813%       364,878,423.65     507,220.54        0.00          0.00
   2A       168,875,000.00         2.99944%       143,141,742.68     357,787.73        0.00          0.00
  X-1A                0.00         0.91556%       195,038,613.32     148,807.62        0.00          0.00
  X-1B                0.00         1.04711%       169,839,810.33     148,200.75        0.00          0.00
   X-B                0.00         0.68553%         7,702,000.00       4,399.97        0.00          0.00
   A-R              100.00         3.16231%                 0.00           0.00        0.00          0.00
   B-1        7,702,000.00         2.06813%         7,702,000.00      13,273.95        0.00          0.00
   B-2        4,564,000.00         2.75366%         4,564,000.00      10,473.09        0.00          0.00
   B-3        3,424,000.00         2.75366%         3,424,000.00       7,857.11        0.00          0.00
   B-4        1,426,000.00         2.75366%         1,426,000.00       3,272.27        0.00          0.00
   B-5          856,000.00         2.75366%           856,000.00       1,964.28        0.00          0.00
   B-6        1,997,086.78         2.57366%         1,997,086.78       4,582.75        0.00          0.00
---------------------------------------------------------------------------------------------------------
 Totals     570,533,186.78                                         1,207,840.06        0.00          0.00
---------------------------------------------------------------------------------------------------------

<CAPTION>
                 Non-                                      Remaining       Ending
              Supported                                     Unpaid       Certificate/
              Interest       Realized   Total Interest      Interest      Notational
  Class       Shortfall       Loss(4)    Distribution      Shortfall       Balance
-------------------------------------------------------------------------------------
<S>           <C>            <C>        <C>                <C>         <C>
   1A             0.00         0.00       507,220.54          0.00     361,540,619.77
   2A             0.00         0.00       357,787.73          0.00     139,105,872.60
  X-1A            0.00         0.00       148,807.62          0.00     193,282,052.75
  X-1B            0.00         0.00       148,200.75          0.00     168,258,567.02
   X-B            0.00         0.00         4,399.97          0.00       7,702,000.00
   A-R            0.00         0.00             0.00          0.00               0.00
   B-1            0.00         0.00        13,273.95          0.00       7,702,000.00
   B-2            0.00         0.00        10,473.09          0.00       4,564,000.00
   B-3            0.00         0.00         7,857.11          0.00       3,424,000.00
   B-4            0.00         0.00         3,272.27          0.00       1,426,000.00
   B-5            0.00         0.00         1,964.28          0.00         856,000.00
   B-6            0.00         0.00         4,582.75          0.00       1,997,086.78
-------------------------------------------------------------------------------------
 Totals           0.00         0.00     1,207,840.06          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                           Unpaid      Current
Class         Original Face   Certificate      Certificate/     Current Accrued    Interest     Interest
(5)              Amount          Rate       Notional Balance        Interest       Shortfall   Shortfall
---------------------------------------------------------------------------------------------------------
<S>          <C>              <C>           <C>                 <C>               <C>          <C>
   1A        381,698,000.00     1.66813%       955.95739896        1.32888435     0.00000000   0.00000000
   2A        168,875,000.00     2.99944%       847.61949774        2.11865421     0.00000000   0.00000000
  X-1A                 0.00     0.91556%       957.16744773        0.73028519     0.00000000   0.00000000
  X-1B                 0.00     1.04711%       954.57158617        0.83295091     0.00000000   0.00000000
   X-B                 0.00     0.68553%      1000.00000000        0.57127629     0.00000000   0.00000000
   A-R               100.00     3.16231%         0.00000000        0.00000000     0.00000000   0.00000000
   B-1         7,702,000.00     2.06813%      1000.00000000        1.72344196     0.00000000   0.00000000
   B-2         4,564,000.00     2.75366%      1000.00000000        2.29471735     0.00000000   0.00000000
   B-3         3,424,000.00     2.75366%      1000.00000000        2.29471671     0.00000000   0.00000000
   B-4         1,426,000.00     2.75366%      1000.00000000        2.29471950     0.00000000   0.00000000
   B-5           856,000.00     2.75366%      1000.00000000        2.29471963     0.00000000   0.00000000
   B-6         1,997,086.78     2.75366%      1000.00000000        2.29471751     0.00000000   0.00000000
---------------------------------------------------------------------------------------------------------

<CAPTION>
                Non-                                        Remaining
             Supported                                        Unpaid
Class        Interest       Realized       Total Interest    Interest     Ending Certificate/
(5)          Shortfall      Loss (6)       Distribution     Shortfall     Notational Balance
---------------------------------------------------------------------------------------------
<S>         <C>            <C>             <C>              <C>           <C>
   1A       0.00000000     0.00000000        1.32888435     0.00000000        947.21257298
   2A       0.00000000     0.00000000        2.11865421     0.00000000        823.72093323
  X-1A      0.00000000     0.00000000        0.73028519     0.00000000        948.54698756
  X-1B      0.00000000     0.00000000        0.83295091     0.00000000        945.68432981
   X-B      0.00000000     0.00000000        0.57127629     0.00000000       1000.00000000
   A-R      0.00000000     0.00000000        0.00000000     0.00000000          0.00000000
   B-1      0.00000000     0.00000000        1.72344196     0.00000000       1000.00000000
   B-2      0.00000000     0.00000000        2.29471735     0.00000000       1000.00000000
   B-3      0.00000000     0.00000000        2.29471671     0.00000000       1000.00000000
   B-4      0.00000000     0.00000000        2.29471950     0.00000000       1000.00000000
   B-5      0.00000000     0.00000000        2.29471963     0.00000000       1000.00000000
   B-6      0.00000000     0.00000000        2.29471751     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                              8,749,559.45
         Liquidations, Insurance Proceeds, Reserve Funds                         0.00
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                   1,129.88
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                        -------------
Total Deposits                                                           8,750,689.33

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            169,175.31
         Payment of Interest and Principal                               8,581,514.02
                                                                        -------------
Total Withdrawals (Pool Distribution Amount)                             8,750,689.33

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

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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

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

                                 SERVICING FEES

<TABLE>
<S>                                                                     <C>
Gross Servicing Fee                                                        165,215.40
Master Servicing Fee                                                         3,959.91
Supported Prepayment/Curtailment Interest Shortfall                              0.00
                                                                        -------------

Net Servicing Fee                                                          169,175.31
                                                                        =============
</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            1        451,952.78     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        451,952.78                    0          0.00                    0           0.00

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

0-29 Days      0.000000%    0.000000%      0-29 Days  0.000000%   0.000000%    0-29 Days  0.000000%    0.000000%
  30 Days      0.070721%    0.086813%      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%
               ---------------------                  --------------------                ---------------------
               0.070721%    0.086813%                 0.000000%   0.000000%               0.000000%    0.000000%
---------------------------------------------------------------------------------------------------------------

<CAPTION>

---------------------------------------------------------------------
              REO                                 TOTAL
---------------------------------------------------------------------
<S>         <C>        <C>         <C>          <C>       <C>
             No. of    Principal                No. of      Principal
             Loans      Balance                 Loans        Balance
0-29 Days      0          0.00     0-29 Days      0             0.00
30 Days        0          0.00     30 Days        1       451,952.78
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       451,952.78

             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    0.070721%     0.086813%
 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%              0.070721%     0.086813%
---------------------------------------------------------------------
</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  1,129.88
</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%   520,615,579.15   100.00000000%        96.164332%         0.000000%
 Class 1A      188,844,086.78    33.09957968%   159,074,959.38    30.55516695%        69.444833%     1,810.501520%
 Class 2A       19,969,086.78     3.50007453%    19,969,086.78     3.83566831%        26.719499%       696.606080%
Class B-1       12,267,086.78     2.15010924%    12,267,086.78     2.35626579%         1.479403%        38.569616%
Class B-2        7,703,086.78     1.35015578%     7,703,086.78     1.47961127%         0.876655%        22.855327%
Class B-3        4,279,086.78     0.75001540%     4,279,086.78     0.82192830%         0.657683%        17.146503%
Class B-4        2,853,086.78     0.50007376%     2,853,086.78     0.54802178%         0.273907%         7.141038%
Class B-5        1,997,086.78     0.35003867%     1,997,086.78     0.38360104%         0.164421%         4.286626%
Class B-6                0.00     0.00000000%             0.00     0.00000000%         0.383601%        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         0.01920803%
         Fraud    17,115,996.00        3.00000007%       17,115,996.00         3.28764576%
Special Hazard     6,000,000.00        1.05164785%        5,998,992.48         1.15228831%
</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        1       451,952.78     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       451,952.78                      0          0.00                        0            0.00

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

0-29 Days  0.000000%     0.000000%    0-29 Days    0.000000%    0.000000%    0-29 Days    0.000000%    0.000000%
30 Days    0.101833%     0.120397%    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%
           --------     ---------                  --------     --------                  --------     --------
           0.101833%     0.120397%                 0.000000%    0.000000%                 0.000000%    0.000000%
---------------------------------------------------------------------------------------------------------------

<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       451,952.78
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       451,952.78

               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      0.101833%     0.120397%
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%                 0.101833%     0.120397%
--------------------------------------------------------------------------
</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%
             ---------     --------                   --------    --------                  --------    --------

<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         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                                               3.129644%
Weighted Average Net Coupon                                                 2.754147%
Weighted Average Pass-Through Rate                                          2.745147%
Weighted Average Maturity (Stepdown Calculation)                                  323

Beginning Scheduled Collateral Loan Count                                       1,433
Number of Loans Paid in Full                                                       19
Ending Scheduled Collateral Loan Count                                          1,414

Beginning Scheduled Collateral Balance                                 527,989,253.12
Ending Scheduled Collateral Balance                                    520,615,579.16
Ending Actual Collateral Balance at 30-May-2003                        520,607,618.34

Monthly P&I Constant                                                     1,377,015.37
Special Servicing Fee                                                            0.00
Prepayment Penalties                                                             0.00
Realization Loss Amount                                                          0.00
Cumulative Realized Loss                                                         0.00

Class A Optimal Amount                                                   8,535,690.60

Ending Scheduled Balance for Premium Loans                             520,615,579.16

Scheduled Principal                                                              0.00
Unscheduled Principal                                                    7,373,673.96
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                    <C>
Pro Rata Senior Percent                                 96.217899%
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                     3.029614            3.383441             3.129644
Weighted Average Net Rate                        2.653921            3.008441             2.754147
Pass-Through Rate                                2.644921            2.999441             2.745147
Weighted Average Maturity                             307                 349                  323
Record Date                                    05/30/2003          05/30/2003           05/30/2003
Principal and Interest Constant                956,152.63          420,862.74         1,377,015.37
Beginning Loan Count                                  991                 442                1,433
Loans Paid in Full                                      9                  10                   19
Ending Loan Count                                     982                 432                1,414
Beginning Scheduled Balance                378,722,510.44      149,266,742.68       527,989,253.12
Ending Scheduled Balance                   375,384,706.56      145,230,872.60       510,615,579.16
Scheduled Principal                                  0.00                0.00                 0.00
Unscheduled Principal                        3,337,803.88        4,035,870.08         7,373,673.96
Scheduled Interest                             956,152.63          420,862.74         1,377,015.37
Servicing Fee                                  118,569.54           46,645.86           165,215.40
Master Servicing Fee                             2,840.41            1,119.50             3,959.91
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                                   834,742.68          373,097.38         1,207,840.06
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                   200,683,194.88
Six Month LIBOR Loans                   174,701,511.68
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00053-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00053-of-00352.parquet"}]]