Document:

<PAGE>

                                                                    EXHIBIT 10.1

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

                                SMT SERIES 2002-9
                          RECORD DATE: AUGUST 30, 2002
                      DISTRIBUTION DATE: SEPTEMBER 20, 2002

                     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             2.16125%        381,698,000.00      527,035.64
  2A          81743SAB6         SEN             3.58043%        168,875,000.00      503,870.97
 X-1A         81743SAC4          IO             0.76174%                  0.00      129,346.98
 X-1B         81743SAD2          IO             0.86954%                  0.00      128,926.01
  A-R         81743SAF7         SEN             2.97309%                100.00      164,191.05
  B-1         81743SAG5         SUB             2.56125%          7,702,000.00       12,603.20
  X-B         81743SAE0          IO             0.59813%                  0.00        3,839.53
  B-2         81743SAH3         SUB             3.15938%          4,564,000.00       12,016.16
  B-3         81743SAJ9         SUB             3.15938%          3,424,000.00        9,014.75
  B-4         SMT0209B4         SUB             3.15938%          1,426,000.00        3,754.39
  B-5         SMR0209B5         SUB             3.15938%            856,000.00        2,253.69
  B-6         SMT0209B6         SUB             3.15938%          1,997,086.78        5,257.96
  LTR        SMT0209LTR         SUB             0.00000%                  0.00            0.00
------       ----------     -----------    -----------------    --------------    ------------
Totals                                                          570,533,186.78    1,502,110.33
------       ----------     -----------    -----------------    --------------    ------------
</TABLE>

<TABLE>
<CAPTION>
                                                  Ending
               Principal         Current        Certificate         Total         Cumulative
 Class       Distribution     Realized Loss       Balance        Distribution    Realized Loss
------       ------------     -------------    --------------    ------------    -------------
<S>          <C>                  <C>          <C>               <C>             <C>
  1A         1,073,550.77         0.00         380,615,449.23    1,600,586.41        0.00
  2A         2,832,498.94         0.00         166,042,501.06    3,336,369.91        0.00
 X-1A                0.00         0.00                   0.00      129,346.98        0.00
 X-1B                0.00         0.00                   0.00      128,926.01        0.00
  A-R              100.00         0.00                   0.00      164,291.05        0.00
  B-1                0.00         0.00           7,702,000.00       12,603.20        0.00
  X-B                0.00         0.00                   0.00        3,839.53        0.00
  B-2                0.00         0.00           4,564,000.00       12,016.16        0.00
  B-3                0.00         0.00           3,424,000.00        9,014.75        0.00
  B-4                0.00         0.00           1,426,000.00        3,754.39        0.00
  B-5                0.00         0.00             856,000.00        2,253.69        0.00
  B-6                0.00         0.00           1,997,086.78        5,257.96        0.00
  LTR                0.00         0.00                   0.00            0.00        0.00
------       ------------     -------------    --------------    ------------    -------------
Totals       3,906,149.71         0.00         566,627,037.07    5,408,260.04        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    381,698,000.00        0.00        1,073,550.77      0.00
  2A        168,875,000.00    168,875,000.00        0.00        2,832,498.94      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
  A-R               100.00            100.00        0.00              100.00      0.00
  B-1         7,702,000.00      7,702,000.00        0.00                0.00      0.00
  X-B                 0.00              0.00        0.00                0.00      0.00
  B-2         4,564,000.00      4,564,000.00        0.00                0.00      0.00
  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
  LTR                 0.00              0.00        0.00                0.00      0.00
------      --------------    --------------        ----        ------------      ----
Totals      570,533,186.78    570,533,186.78        0.00        3,906,149.71      0.00
------      --------------    --------------        ----        ------------      ----
</TABLE>

<TABLE>
<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       1,073,550.77         380,615,449.23          0.99718737         1,073,550.77
  2A          0.00       2,832,498.94         166,042,501.06          0.98322725         2,832,498.94
 X-1A         0.00               0.00                   0.00          0.00000000                 0.00
 X-1B         0.00               0.00                   0.00          0.00000000                 0.00
  A-R         0.00             100.00                   0.00          0.00000000               100.00
  B-1         0.00               0.00           7,702,000.00          1.00000000                 0.00
  X-B         0.00               0.00                   0.00          0.00000000                 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
  LTR         0.00               0.00                   0.00          0.00000000                 0.00
------        ----       ------------         --------------          ----------         ------------
Totals        0.00       3,906,149.71         566,627,037.07          0.99315351         3,906,149.71
------        ----       ------------         --------------          ----------         ------------
</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    1000.00000000     0.00000000        2.81263220    0.00000000
  2A        168,875,000.00    1000.00000000     0.00000000       16.77275464    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
  A-R               100.00    1000.00000000     0.00000000     1000.00000000    0.00000000
  B-1         7,702,000.00    1000.00000000     0.00000000        0.00000000    0.00000000
  X-B                 0.00       0.00000000     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
  LTR                 0.00       0.00000000     0.00000000        0.00000000    0.00000000
 ----       --------------    -------------     ----------     -------------    ----------
</TABLE>

<TABLE>
<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        2.81263220        997.18736780          0.99718737            2.81263220
  2A        0.00000000       16.77275464        983.22724536          0.98322725           16.77275464
 X-1A       0.00000000        0.00000000          0.00000000          0.00000000            0.00000000
 X-1B       0.00000000        0.00000000          0.00000000          0.00000000            0.00000000
  A-R       0.00000000     1000.00000000          0.00000000          0.00000000         1000.00000000
  B-1       0.00000000        0.00000000       1000.00000000          1.00000000            0.00000000
  X-B       0.00000000        0.00000000          0.00000000          0.00000000            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
  LTR       0.00000000        0.00000000          0.00000000          0.00000000            0.00000000
 ----       ----------     -------------       -------------          ----------         -------------
</TABLE>

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

<PAGE>
                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                                      Beginning                      Payment of
                                                     Certificate/       Current        Unpaid
              Original Face         Current            Notional         Accrued       Interest
  Class          Amount         Certificate Rate       Balance          Interest      Shortfall
 ------       --------------    ----------------    --------------    ------------   ----------
<S>           <C>               <C>                 <C>               <C>            <C>
   1A         381,698,000.00        2.16125%        381,698,000.00     527,035.64       0.00
   2A         168,875,000.00        3.58043%        168,875,000.00     503,870.97       0.00
  X-1A                  0.00        0.76174%                  0.00     129,346.70       0.00
  X-1B                  0.00        0.86954%                  0.00     128,925.74       0.00
   A-R                100.00        2.97309%                100.00           0.25       0.00
   B-1          7,702,000.00        2.56125%          7,702,000.00      12,603.20       0.00
   X-B                  0.00        0.59813%                  0.00       3,838.97       0.00
   B-2          4,564,000.00        3.15938%          4,564,000.00      12,016.16       0.00
   B-3          3,424,000.00        3.15938%          3,424,000.00       9,014.75       0.00
   B-4          1,426,000.00        3.15938%          1,426,000.00       3,754.39       0.00
   B-5            856,000.00        3.15938%            856,000.00       2,253.69       0.00
   B-6          1,997,086.78        3.15938%          1,997,086.78       5,257.96       0.00
   LTR                  0.00        0.00000%                  0.00           0.00       0.00
 ------       --------------        -------         --------------   ------------       ----
 Totals       570,533,186.78                        570,533,186.78   1,337,918.42       0.00
 ------       --------------        -------         --------------   ------------       ----
</TABLE>

<TABLE>
<CAPTION>
                              Non-                                    Remaining         Ending
              Current      Supported                                   Unpaid        Certificate/
              Interest     Interest     Realized    Total Interest    Interest        Notational
  Class       Shortfall    Shortfall    Loss (4)     Distribution     Shortfall        Balance
 ------       ---------    ---------    --------    ---------------   ---------    --------------
<S>           <C>          <C>          <C>         <C>               <C>          <C>
   1A            0.00         0.00        0.00        527,035.64        0.00       380,615,449.23
   2A            0.00         0.00        0.00        503,870.97        0.00       166,042,501.06
  X-1A           0.00         0.00        0.00        129,346.98        0.00       204,151,099.33
  X-1B           0.00         0.00        0.00        128,926.01        0.00       176,464,349.90
   A-R           0.00         0.00        0.00        164,191.05        0.00                 0.00
   B-1           0.00         0.00        0.00         12,603.20        0.00         7,702,000.00
   X-B           0.00         0.00        0.00          3,839.53        0.00         7,702,000.00
   B-2           0.00         0.00        0.00         12,016.16        0.00         4,564,000.00
   B-3           0.00         0.00        0.00          9,014.75        0.00         3,424,000.00
   B-4           0.00         0.00        0.00          3,754.39        0.00         1,426,000.00
   B-5           0.00         0.00        0.00          2,253.69        0.00           856,000.00
   B-6           0.00         0.00        0.00          5,257.96        0.00         1,997,086.78
   LTR           0.00         0.00        0.00              0.00        0.00                 0.00
 ------          ----         ----        ----      ------------        ----       --------------
 Totals          0.00         0.00        0.00      1,502,110.33        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>
                                                    Beginning                     Payment of
                                                   Certificate/      Current        Unpaid
  Class      Original Face         Current           Notional        Accrued       Interest
  (5)           Amount         Certificate Rate      Balance         Interest     Shortfall
  -----      --------------    ----------------    -------------    ----------    ----------
<S>          <C>               <C>                 <C>              <C>           <C>
   1A        381,698,000.00        2.16125%        1000.00000000    1.38079861    0.00000000
   2A        168,875,000.00        3.58043%        1000.00000000    2.98369190    0.00000000
  X-1A                 0.00        0.76174%        1000.00000000    0.63477918    0.00000000
  X-1B                 0.00        0.86954%        1000.00000000    0.72461720    0.00000000
   A-R               100.00        2.97309%        1000.00000000    2.50000000    0.00000000
   B-1         7,702,000.00        2.56125%        1000.00000000    1.63635419    0.00000000
   X-B                 0.00        0.59813%        1000.00000000    0.49843807    0.00000000
   B-2         4,564,000.00        3.15938%        1000.00000000    2.63281332    0.00000000
   B-3         3,424,000.00        3.15938%        1000.00000000    2.63281250    0.00000000
   B-4         1,426,000.00        3.15938%        1000.00000000    2.63281206    0.00000000
   B-5           856,000.00        3.15938%        1000.00000000    2.63281542    0.00000000
   B-6         1,997,086.78        3.15938%        1000.00000000    2.63281498    0.00000000
   LTR                 0.00        0.00000%          0.000000000    0.00000000    0.00000000
  ----       --------------        -------         -------------    ----------    ----------
</TABLE>

<TABLE>
<CAPTION>
                             Non-                                        Remaining
             Current       Supported                                      Unpaid
  Class      Interest       Interest      Realized     Total Interest    Interest      Ending Certificate/
  (5)        Shortfall     Shortfall      Loss (6)      Distribution     Shortfall     Notational Balance
  -----      ----------    ----------    ----------    --------------    ----------    -------------------
<S>          <C>           <C>           <C>           <C>               <C>           <C>
   1A        0.00000000    0.00000000    0.00000000        1.38079861    0.00000000        997.18736780
   2A        0.00000000    0.00000000    0.00000000        2.98369190    0.00000000        983.22724536
  X-1A       0.00000000    0.00000000    0.00000000        0.63477918    0.00000000       1001.88769481
  X-1B       0.00000000    0.00000000    0.00000000        0.72461720    0.00000000        991.80430112
   A-R       0.00000000    0.00000000    0.00000000    41910.50000000    0.00000000          0.00000000
   B-1       0.00000000    0.00000000    0.00000000        1.63635419    0.00000000       1000.00000000
   X-B       0.00000000    0.00000000    0.00000000        0.49843807    0.00000000       1000.00000000
   B-2       0.00000000    0.00000000    0.00000000        2.63281332    0.00000000       1000.00000000
   B-3       0.00000000    0.00000000    0.00000000        2.63281250    0.00000000       1000.00000000
   B-4       0.00000000    0.00000000    0.00000000        2.63281206    0.00000000       1000.00000000
   B-5       0.00000000    0.00000000    0.00000000        2.63281542    0.00000000       1000.00000000
   B-6       0.00000000    0.00000000    0.00000000        2.63281498    0.00000000       1000.00000000
   LTR       0.00000000    0.00000000    0.00000000        0.00000000    0.00000000          0.00000000
  ----       ----------    ----------    ----------    --------------    ----------       -------------
</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                              5,541,861.26
         Liquidations, Insurance Proceeds, Reserve Funds                         1.11
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                   3,594.43
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                         ------------
Total Deposits                                                           5,545,456.80

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            137,196.76
         Payment of Interest and Principal                               5,408,260.04
                                                                         ------------
Total Withdrawals (Pool Distribution Amount)                             5,545,456.80

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                                                    133,986.34
Master Servicing Fee                                                     3,210.42
Supported Prepayment/Curtailment Interest Shortfall                          0.00
                                                                       ----------

Net Servicing Fee                                                      137,196.76
                                                                       ==========
</TABLE>

<PAGE>

<TABLE>
                                         Beginning         Current         Current        Ending
        Account Type                      Balance        Withdrawals       Deposits       Balance
        ------------                     ---------       -----------       --------       -------
<S>                                      <C>             <C>               <C>           <C>
X-1 Basis Risk Reserve Fund              5,000.00           0.55             0.55        5,000.00
X-2 Basis Risk Reserve Fund              5,000.00           0.56             0.56        5,000.00
</TABLE>

             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            3      1,168,100.00  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
                 ------   ------------               ------    ---------               ------    ---------
                   3      1,168,100.00                 0          0.00                   0          0.00
</TABLE>

<TABLE>
<CAPTION>
                 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      0.000000%      0.000000%   0-29 Days  0.000000%    0.000000%   0-29 Days  0.000000%    0.000000%
30 Days        0.267857%      0.275397%   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%
               --------       --------               --------     --------               --------     --------
               0.267857%      0.275397%              0.000000%    0.000000%              0.000000%    0.000000%

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

<TABLE>
<CAPTION>
              REO                             TOTAL
-------------------------------  -----------------------------------
             No. of   Principal               No. of     Principal
             Loans     Balance                Loans       Balance
             ------   ---------               ------    ------------
<S>          <C>       <C>       <C>           <C>      <C>
0-29 Days      0         0.00    0-29 Days      0               0.00
30 Days        0         0.00    30 Days        3       1,168,100.00
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                   3       1,168,100.00
</TABLE>

<TABLE>
<CAPTION>
             No. of    Principal                No. of      Principal
             Loans      Balance                 Loans        Balance
           --------    --------               --------      ---------
<S>        <C>         <C>         <C>        <C>           <C>
0-29 Days  0.000000%   0.000000%   0-29 Days  0.000000%     0.000000%
30 Days    0.000000%   0.000000%   30 Days    0.267857%     0.275397%
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%              0.267857%     0.275397%

    0.00    Periodic Advance                            3,594.43

</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%    566,627,037.07    133.59114301%       128.833120%          0.00000%
 Class 1A          188,844,086.78    33.09957968%    186,011,587.84     43.85512693%        89.736016%     1,906.023312%
 Class 2A           19,969,086.78     3.50007453%     19,969,086.78      4.70802301%        39.147104%       831.497719%
Class B-1           12,267,068.78     2.15010924%     12,267,086.78      2.89215663%         1.815866%        38.569616%
Class B-2            7,703,086.78     1.35015578%      7,703,086.78      1.81612260%         1.076034%        22.855327%
Class B-3            4,279,086.78     0.75001540%      4,279,086.78      1.00886131%         0.807261%        17.146503%
Class B-4            2,853,086.78     0.50007376%      2,853,086.78      0.67265961%         0.336202%         7.141038%
Class B-5            1,997,086.78     0.35003867%      1,997,086.78      0.47084429%         0.201815%         4.286626%
Class B-6                    0.00     0.00000000%              0.00      0.00000000%         0.470844%        10.000892%
Class LTR                    0.00     0.00000000%              0.00      0.00000000%         0.000000%         0.000000%
</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         0.02357656%
         Fraud    17,115,996.00         3.00000007%       17,115,996.00         4.03536245%
Special Hazard     6,000,000.00         1.05164785%        6,000,000.00         1.41459338%
</TABLE>

Limit of subordinate's exposure to certain types of losses

<PAGE>

                           DELINQUENCY STATUS BY GROUP

                                     GROUP 1

<TABLE>
<CAPTION>
              DELINQUENT                           BANKRUPTCY                         FORECLOSURE
-----------------------------------    ---------------------------------   ----------------------------------
                No. of     Principal                No. of     Principal                No. of      Principal
                Loans      Balance                  Loans      Balance                  Loans       Balance
               --------    ----------              --------    ---------               --------     ---------
<S>            <C>         <C>         <C>         <C>         <C>         <C>         <C>          <C>
0-29 Days          0             0.00  0-29 Days       0           0.00    0-29 Days       0            0.00
30 Days            1       103,500.00  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       103,500.00                  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        0.146843%   0.038139%   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%
               --------    --------                --------    ---------               --------     ---------
               0.146843%   0.038139%               0.000000%   0.000000%               0.000000%    0.000000%
               --------    --------                --------    ---------               --------     ---------
</TABLE>

<TABLE>
<CAPTION>
              REO                                TOTAL
---------------------------------   ----------------------------------
             No. of     Principal                No. of     Principal
             Loans      Balance                  Loans       Balance
            --------    ---------               --------    ----------
<S>         <C>         <C>         <C>         <C>         <C>
0-29 Days       0           0.00    0-29 Days       0             0.00
30 Days         0.          0.00    30 Days         1       103,500.00
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       103,500.00

             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     0.146843%   0.038139%
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%               0.146843%   0.038139%
            --------    ---------               --------    ----------
</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           2     1,064,600.00    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

               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       0.455581%    0.696845%    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%
              --------     ---------                --------    --------                --------    --------
              0.455581%    0.696845%                0.000000%   0.000000%               0.000000%   0.000000%
              --------     ---------                --------    --------                --------    --------
</TABLE>

<TABLE>
<CAPTION>
               REO                                 TOTAL
-----------------------------------  ----------------------------------
              No. of     Principal                 No. of     Principal
               Loans      Balance                  Loans       Balance
             --------    ----------              --------  ------------
<S>          <C>         <C>         <C>         <C>       <C>
0-29 Days        0             0.00  0-29 Days       0             0.00
30 Days          0             0.00  30 Days         2     1,064,600.00
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                  2     1,064,600.00

              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     0.455581%    0.696845%
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%                0.45581%    0.696845%
             --------    ----------              --------  ------------
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                              Mixed Arm
<S>                                                              <C>
Weighted Average Gross Coupon                                         3.797553%
Weighted Average Net Coupon                                           3.421937%
Weighted Average Pass-Through Rate                                    3.412935%
Weighted Average Maturity (Stepdown Calculation)                            332

Beginning Scheduled Collateral Loan Count                                 1,128
Number of Loans Paid in Full                                                  8
Ending Scheduled Collateral Loan Count                                    1,120

Beginning Scheduled Collateral Balance                           570,533,186.78
Ending Scheduled Collateral Balance                              424,150,152.71
Ending Actual Collateral Balance at 30-Aug-2002                  424,151,754.38

Monthly P&I Constant                                               1,354,638.64
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                             5,195,329.01

Ending Scheduled Balance for Premium Loans                       566,627,037.78

Scheduled Principal                                                        0.00
Unscheduled Principal                                              3,906,149.71
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                              <C>
Pro Rata Senior Percent                                           96.49992546%
Senior Percentage                                                100.00000000%
Senior Prepay Percentage                                         100.00000000%
Subordinate Percentage                                             0.00000000%
Subordinate Prepayment Percentage                                  0.00000000%
</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                     3.676815          4.008953                  3.797553
Weighted Average Net Rate                        3.300851          3.633953                  3.412937
Pass-Through Rate                                3.281847          3.624948                  3.412935
Weighted Average Maturity                             316               358                       332
Record Date                                    08/30/2002        08/30/2002                08/30/2002
Principal and Interest Constant                       683               445                     1,128
Beginning Loan Count                                    2                 6                         8
Loans Paid in Full                                    681               439                     1,120
Ending Loan Count                          272,450,861.12    155,605,441.30            428,056,302.42
Beginning Scheduled Balance                271,377,210.35    152,772,942.36            424,150,152.71
Ending Scheduled Balance                             0.00              0.00                      0.00
Scheduled Principal                          1,073,650.77      2,832,498.94              3,906,149.71
Unscheduled Principal                          834,792.83        519,845.81              1,354,638.64
Scheduled Interest                              85,359.64         48,626.70                133,986.34
Servicing Fee                                    2,043.38          1,167.04                  3,210.42
Master Servicing Fee                                 0.00              0.00                      0.00
Trustee Fee                                          0.00              0.00                      0.00
FRY Amount                                           0.00              0.00                      0.00
Special Hazard Fee                                   0.00              0.00                      0.00
Other Fee                                            0.00              0.00                      0.00
Pool Insurance Fee                                   0.00              0.00                      0.00
Spread 1                                             0.00              0.00                      0.00
Spread 2                                             0.00              0.00                      0.00
Spread 3                                             0.00              0.00                      0.00
Net Interest                                   747,389.81        470,052.07              1,217,441.88
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

Group 1

<TABLE>
<S>                                                             <C>
One Month LIBOR Loans                                           211,576,666.37
Six Month LIBOR Loans                                           182,882,869.65
</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 2002-8
                          RECORD DATE: AUGUST 30, 2002
                      DISTRIBUTION DATE: SEPTEMBER 20, 2002

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY
<TABLE>
<CAPTION>
                               Certificate      Certificate      Beginning
                                 Class          Pass-Through    Certificate         Interest
   Class          CUSIP        Description         Rate           Balance         Distribution
---------------------------------------------------------------------------------------------------
<S>            <C>             <C>              <C>            <C>                <C>
   1-A1         81743RAA0         SEN               1.92750%    46,506,666.09         77,191.38
   1-A2         81743RAB8         SEN               3.45500%    61,468,000.00        176,976.62
    2A          81743RAC6         SEN               2.09750%   461,498,190.68        806,660.37
    3A          81743RAD4         SEN               3.90811%    49,933,383.89        162,621.01
    X-1         81743RAE2          IO               2.54562%             0.00        229,054.95
   X-2A        81743RAFf9          IO               1.11734%             0.00        175,048.84
   X-2B         81743AFG7          IO               1.44900%             0.00        330,256.67
    X-B         81743RAH5          IO               1.32846%             0.00         10,042.58
    A-R         81743RAJ1         SEN               5.37037%             0.00              0.00
    B-1         81743RAK8         SUB               2.47250%     9,069,000.00         18,685.92
    B-2         81743RAL6         SUB               3.80096%     5,505,000.00         17,436.90
    B-3         81743RAM4         SUB               3.80096%     3,886,000.00         12,308.77
    B-4         SMT0208B4         SUB               3.80096%     1,618,000.00          5,124.96
    B-5         SMT0208B5         SUB               3.80096%       970,000.00          3,072.44
    B-6         SMT0208B6         SUB               3.80096%     2,306,324.82          7,305.21
    LTR                           SUB               0.00000%             0.00              0.00
---------------------------------------------------------------------------------------------------
Totals                                                         642,760,565.48      2,031,786.62
---------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                                                   Ending
               Principal          Current         Certificate         Total          Cumulative
   Class      Distribution      Realized Loss       Balance        Distribution     Realized Loss
-------------------------------------------------------------------------------------------------
<S>           <C>               <C>             <C>                <C>              <C>
   1-A1        4,010,774.39         0.00         42,495,891.70      4,087,965.77             0.00
   1-A2                0.00         0.00         61,468,000.00        176,976.62             0.00
    2A         1,598,969.37         0.00        459,899,221.31      2,405,629.74             0.00
    3A            51,484.84         0.00         49,881,899.05        214,105.85             0.00
    X-1                0.00         0.00                  0.00        229,054.95             0.00
   X-2A                0.00         0.00                  0.00        175,048.84             0.00
   X-2B                0.00         0.00                  0.00        330,256.67             0.00
    X-B                0.00         0.00                  0.00         10,042.58             0.00
    A-R                0.00         0.00                  0.00              0.00             0.00
    B-1                0.00         0.00          9,069,000.00         18,685.92             0.00
    B-2                0.00         0.00          5,505,000.00         17,436.90             0.00
    B-3                0.00         0.00          3,886,000.00         12,308.77             0.00
    B-4                0.00         0.00          1,618,000.00          5,124.96             0.00
    B-5                0.00         0.00            970,000.00          3,072.44             0.00
    B-6                0.00         0.00          2,306,324.82          7,305.21             0.00
    LTR                0.00         0.00                  0.00              0.00             0.00
-------------------------------------------------------------------------------------------------
Totals         5,661,228.60         0.00        637,099,336.88      7,693,015.22             0.00
-------------------------------------------------------------------------------------------------
</TABLE>

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

<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>
   1-A1        50,000,000.00     46,506,666.09      1,548.53     4,009,225.86         0.00
   1-A2        61,468,000.00     61,468,000.00          0.00             0.00         0.00
    2A        463,097,000.00    461,498,190.68          0.00     1,598,969.37         0.00
    3A         49,973,000.00     49,933,383.89          0.00        51,484.84         0.00
    X-1                 0.00              0.00          0.00             0.00         0.00
   X-2A                 0.00              0.00          0.00             0.00         0.00
   X-2B                 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         9,069,000.00      9,069,000.00          0.00             0.00         0.00
    B-2         5,505,000.00      5,505,000.00          0.00             0.00         0.00
    B-3         3,886,000.00      3,886,000.00          0.00             0.00         0.00
    B-4         1,618,000.00      1,618,000.00          0.00             0.00         0.00
    B-5           970,000.00        970,000.00          0.00             0.00         0.00
    B-6         2,306,324.82      2,306,324.82          0.00             0.00         0.00
    LTR                 0.00              0.00          0.00             0.00         0.00
----------------------------------------------------------------------------------------------
Totals        647,892,424.82    642,760,565.48      1,548.53     5,659,680.07         0.00
----------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------
                                  Total              Ending               Ending
                  Realized      Principal          Certificate          Certificate     Total Principal
  Class           Loss (1)      Reduction            Balance             Percentage       Distribution
-------------------------------------------------------------------------------------------------------
<S>               <C>          <C>               <C>                    <C>             <C>
   1-A1             0.00       4,010,774.39       42,495,891.70          0.84991783       4,010,774.39
   1-A2             0.00               0.00       61,468,000.00          1.00000000               0.00
    2A              0.00       1,598,969.37      459,899,221.31          0.99309480       1,598,969.37
    3A              0.00          51,484.84       49,881,899.05          0.99817700          51,484.84
    X-1             0.00               0.00                0.00          0.00000000               0.00
   X-2A             0.00               0.00                0.00          0.00000000               0.00
   X-2B             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        9,069,000.00          1.00000000               0.00
    B-2             0.00               0.00        5,505,000.00          1.00000000               0.00
    B-3             0.00               0.00        3,886,000.00          1.00000000               0.00
    B-4             0.00               0.00        1,618,000.00          1.00000000               0.00
    B-5             0.00               0.00          970,000.00          1.00000000               0.00
    B-6             0.00               0.00        2,306,324.82          1.00000000               0.00
    LTR             0.00               0.00                0.00          0.00000000               0.00
-------------------------------------------------------------------------------------------------------
Totals              0.00       5,661,228.60      637,099,336.88          0.98334123       5,661,228.60
-------------------------------------------------------------------------------------------------------
</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>
   1-A1        50,000,000.00      930.13332180    0.03097060      80.18451720    0.00000000
   1-A2        61,468,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    2A        463,097,000.00      996.54757142     0.000000%       3.45277419    0.00000000
    3A         49,973,000.00      999.20724971    0.00000000       1.03025314    0.00000000
    X-1                 0.00        0.00000000    0.00000000       0.00000000    0.00000000
   X-2A                 0.00        0.00000000    0.00000000       0.00000000    0.00000000
   X-2B                 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     1000.00000000    0.00000000       0.00000000    0.00000000
    B-1         9,069,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-2         5,505,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-3         3,886,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-4         1,618,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-5           970,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-6         2,306,324.82     1000.00000000    0.00000000       0.00000000    0.00000000
    LTR                 0.00        0.00000000    0.00000000       0.00000000    0.00000000
--------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------
                                     Total             Ending               Ending
                  Realized         Principal         Certificate          Certificate     Total Principal
   Class           Loss (3)        Reduction           Balance             Percentage       Distribution
----------------------------------------------------------------------------------------------------------
<S>               <C>             <C>               <C>                   <C>             <C>
   1-A1           0.00000000      80.21548780        849.91783400          0.84991783        80.21548780
   1-A2           0.00000000       0.00000000       1000.00000000          1.00000000         0.00000000
    2A            0.00000000       3.45277419        993.09479722          0.99309480         3.45277419
    3A            0.00000000       1.03025314        998.17699658          0.99817700         1.03025314
    X-1           0.00000000       0.00000000          0.00000000          0.00000000         0.00000000
   X-2A           0.00000000       0.00000000          0.00000000          0.00000000         0.00000000
   X-2B           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
    LTR           0.00000000       0.00000000          0.00000000          0.00000000         0.00000000
----------------------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------
                                                    Beginning                      Payment of
                                     Current       Certificate/       Current        Unpaid
               Original Face       Certificate      Notional          Accrued       Interest
  Class           Amount              Rate          Balance          Interest      Shortfall
--------------------------------------------------------------------------------------------------
<S>           <C>                  <C>           <C>              <C>              <C>
  1-A1         50,000,000.00         1.92750%     46,506,666.09      77,191.38          0.00
  1-A2         61,468,000.00         3.45500%     61,468,000.00     176,976.62          0.00
   2A         463,097,000.00         2.09750%    461,498,190.68     806,660.38          0.00
   3A          49,973,000.00         3.90811%     49,933,383.89     162,621.01          0.00
   X-1                  0.00         2.54562%    107,974,666.09     229,052.21          0.00
  X-2A                  0.00         1.11734%    187,996,579.89     175,046.95          0.00
  X-2B                  0.00         1.44900%    273,501,610.79     330,253.09          0.00
   X-B                  0.00         1.32846%      9,069,000.00      10,039.84          0.00
   A-R                100.00         5.37037%              0.00           0.00          0.00
   B-1          9,069,000.00         2.47250%      9,069,000.00      18,685.92          0.00
   B-2          5,505,000.00         3.80096%      5,505,000.00      17,436.90          0.00
   B-3          3,886,000.00         3.80096%      3,886,000.00      12,308.77          0.00
   B-4          1,618,000.00         3.80096%      1,618,000.00       5,124.96          0.00
   B-5            970,000.00         3.80096%        970,000.00       3,072.44          0.00
   B-6          2,306,324.82         3.80096%      2,306,324.82       7,305.21          0.00
   LTR                  0.00         0.00000%              0.00           0.00          0.00
--------------------------------------------------------------------------------------------------
 Totals       647,892,424.82                                      2,031,775.68          0.00
--------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------
                                                                      Remaining        Ending
              Current    Non-Supported                Total            Unpaid        Certificate/
              Interest     Interest      Realized    Interest          Interest       Notational
  Class       Shortfall    Shortfall     Loss (4)   Distribution       Shortfall       Balance
--------------------------------------------------------------------------------------------------
<S>           <C>        <C>             <C>        <C>               <C>          <C>
  1-A1           0.00         0.00         0.00        77,191.38          0.00      42,495,891.70
  1-A2           0.00         0.00         0.00       176,976.62          0.00      61,468,000.00
   2A            0.00         0.00         0.00       806,660.37          0.00     459,899,221.31
   3A            0.00         0.00         0.00       162,621.01          0.00      49,881,899.05
   X-1           0.00         0.00         0.00       229,052.21          0.00     103,963,891.70
  X-2A           0.00         0.00         0.00       175,048.84          0.00               0.00
  X-2B           0.00         0.00         0.00       330,256.67          0.00               0.00
   X-B           0.00         0.00         0.00        10,042.85          0.00       9,069,000.00
   A-R           0.00         0.00         0.00             0.00          0.00               0.00
   B-1           0.00         0.00         0.00        18,685.92          0.00       9,069,000.00
   B-2           0.00         0.00         0.00        17,436.90          0.00       5,505,000.00
   B-3           0.00         0.00         0.00        12,308.77          0.00       3,886,000.00
   B-4           0.00         0.00         0.00         5,124.96          0.00       1,618,000.00
   B-5           0.00         0.00         0.00         3,072.44          0.00         970,000.00
   B-6           0.00         0.00         0.00         7,305.21          0.00       2,306,324.82
   LTR           0.00         0.00         0.00             0.00          0.00               0.00
--------------------------------------------------------------------------------------------------
 Totals          0.00         0.00         0.00     2,031,786.62          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
                                Current        Beginning           Current        Unpaid
              Original Face   Certificate      Certificate/        Accrued       Interest
Class (5)        Amount          Rate        Notional Balance      Interest     Shortfall
---------------------------------------------------------------------------------------------
<S>          <C>              <C>           <C>                  <C>            <C>
  1-A1        50,000,000.00    1.92750%       930.13332180       1.54382760     0.00000000
  1-A2        61,468,000.00    3.45500%      1000.00000000       2.87916672     0.00000000
   2A        463,097,000.00    2.09750%       996.54757142       1.74188211     0.00000000
   3A         49,973,000.00    3.90811%       999.20724971       3.25417746     0.00000000
   X-1                 0.00    2.54562%       968.66065678       2.05486965     0.00000000
  X-2A                 0.00    1.11734%       998.04552936       0.92929789     0.00000000
  X-2B                 0.00    1.44900%       995.52052624       1.20209065     0.00000000
   X-B                 0.00    1.32846%      1000.00000000       1.10705039     0.00000000
   A-R               100.00    5.37037%         0.00000000       0.00000000     0.00000000
   B-1         9,069,000.00    2.47250%      1000.00000000       2.06041680     0.00000000
   B-2         5,505,000.00    3.80096%      1000.00000000       3.16746594     0.00000000
   B-3         3,886,000.00    3.80096%      1000.00000000       3.16746526     0.00000000
   B-4         1,618,000.00    3.80096%      1000.00000000       3.16746601     0.00000000
   B-5           970,000.00    3.80096%      1000.00000000       3.16746392     0.00000000
   B-6         2,306,324.82    3.80096%     1000.000000000       3.16746797     0.00000000
   LTR                 0.00    0.00000%        0.000000000       0.00000000     0.00000000
---------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------
                              Non-                                        Remaining
             Current       Supported                       Total           Unpaid
             Interest       Interest       Realized       Interest        Interest      Ending Certificate/
Class (5)    Shortfall     Shortfall       Loss (6)     Distribution      Shortfall     Notational Balance
-------------------------------------------------------------------------------------------------------------
<S>          <C>           <C>            <C>           <C>              <C>            <C>
  1-A1       0.00000000    0.00000000     0.00000000      1.54382760     0.00000000         849.91783400
  1-A2       0.00000000    0.00000000     0.00000000      2.87916672     0.00000000        1000.00000000
   2A        0.00000000    0.00000000     0.00000000      1.74188209     0.00000000         993.09479722
   3A        0.00000000    0.00000000     0.00000000      3.25417746     0.00000000         998.17699658
   X-1       0.00000000    0.00000000     0.00000000      2.05489423     0.00000000         932.67925952
  X-2A       0.00000000    0.00000000     0.00000000      0.92930793     0.00000000           0.00000000
  X-2B       0.00000000    0.00000000     0.00000000      1.20210368     0.00000000           0.00000000
   X-B       0.00000000    0.00000000     0.00000000      1.10735252     0.00000000        1000.00000000
   A-R       0.00000000    0.00000000     0.00000000      0.00000000     0.00000000           0.00000000
   B-1       0.00000000    0.00000000     0.00000000      2.06041680     0.00000000        1000.00000000
   B-2       0.00000000    0.00000000     0.00000000      3.16746594     0.00000000        1000.00000000
   B-3       0.00000000    0.00000000     0.00000000      3.16746526     0.00000000        1000.00000000
   B-4       0.00000000    0.00000000     0.00000000      3.16746601     0.00000000        1000.00000000
   B-5       0.00000000    0.00000000     0.00000000      3.16746392     0.00000000        1000.00000000
   B-6       0.00000000    0.00000000     0.00000000      3.16746797     0.00000000        1000.00000000
   LTR       0.00000000    0.00000000     0.00000000      0.00000000     0.00000000           0.00000000
-------------------------------------------------------------------------------------------------------------
</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

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------
                                CERTIFICATE ACCOUNT
<S>                                                                     <C>
Beginning Balance                                                                0.00

Deposits
         Payments of Interest and Principal                              7,891,585.85
         Liquidations, Insurance Proceeds, Reserve Funds                        10.96
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                       0.00
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                         -------------
Total Deposits                                                           7,891,594.81

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            198,579.59
         Payment of Interest and Principal                               7,693,015.22
                                                                         -------------
Total Withdrawals (Pool Distribution Amount)                             7,891,584.81

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

<PAGE>

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

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

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------
                                 SERVICING FEES
<S>                                                                   <C>
Gross Servicing Fee                                                   193,758.88
Master Servicing Fee                                                    4,820.71
Non-Supported Prepayment/Curtailment Interest Shortfall                     0.00
                                                                      ----------

Net Servicing Fee                                                     198,579.59
                                                                      ==========
--------------------------------------------------------------------------------
</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           2.74             2.74        2,500.00
Class X-2 Basis Risk Reserve Fund           5,000.00           5.48             5.48        5,000.00
Class X-B Basis Risk Reserve Fund           2,500.00           2.74             2.74        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            0          0.00          30 Days         0          0.00          30 Days         0           0.00
60 Days            0          0.00          60 Days         0          0.00          60 Days         0           0.00
90 Days            0          0.00          90 Days         0          0.00          90 Days         0           0.00
120 Days           0          0.00          120 Days        0          0.00          120 Days        0           0.00
150 Days           0          0.00          150 Days        0          0.00          150 Days        0           0.00
180+ Days          0          0.00          180+ Days       0          0.00          180+ Days       0           0.00
                 ---        ------                          ---      ------                       ----       -----------
                   0          0.00                          0          0.00                          0           0.00

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

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

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

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

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

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

<PAGE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------
                        Original $                   Original %                Current $
                      --------------               --------------           --------------
<S>                   <C>                            <C>                     <C>
Class A               647,892.324.82                 99.99998457%            637,099,336.88
Class 1-A-1           597,892,324.82                 92.28265402%            594,603,445.18
Class 1-A-2           536,424,324.82                 82.79527654%            533,135,445.18
Class 2A               73,327,324.82                 11.31782407%             17,236,223.87
Class 3A               23,354,324.82                  3.60466089%             23,354,324.82
Class X-1              23,354,324.82                  3.60466089%             23,354,324.82
Class B-1              14,285,324.82                  2.20489147%             14,285,324.82
Class B-2               8,780,324.82                  1.35521338%              8,780,324.82
Class B-3               4,894,324.82                  0.75542245%              4,894,324.82
Class B-4               3,276,324.82                  0.50568963%              3,276,324.82
Class B-5               2,306,324.82                  0.35597342%              2,306,324.82
Class B-6                       0.00                  0.00000000%                      0.00
Class LT-R                      0.00                  0.00000000%                      0.00
-----------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
                          Current %                Current Class %           Prepayment %
                       --------------             ----------------         --------------
<S>                     <C>                           <C>                  <C>
Class A                 100.00000000%                 96.334273%                0.00000%
Class 1-A-1              93.32978560%                  6.670214%             181.961551%
Class 1-A-2              83.68168264%                  9.648103%             263.197504%
Class 2A                 11.49525979%                 72.186423%           1,969.225079%
Class 3A                  3.66572738%                  7.829532%             213.587417%
Class X-1                 3.66572738%                  0.000000%               0.000000%
Class B-1                 2.24224450%                  1.423483%              38.832208%
Class B-2                 1.37817202%                  0.864072%              23.571651%
Class B-3                 0.76822005%                  0.609952%              16.639316%
Class B-4                 0.51425651%                  0.253964%               6.928053%
Class B-5                 0.36200396%                  0.152253%               4.153406%
Class B-6                 0.00000000%                  0.362004%               9.875365%
Class LT-R                0.00000000%                   0.00000%               0.000000%
-----------------------------------------------------------------------------------------
</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         0.01978420%
         Fraud    19,436,773.00         3.00000004&       19,436,773.00         3.05082298%
Special Hazard    15,500,000.00         2.39237247%       15,500,000.00         2.43290161%
-----------------------------------------------------------------------------------------------
</TABLE>
Limit of subordinate's exposure to certain types of losses

<PAGE>

                           DELINQUENCY STATUS BY GROUP

                                     GROUP 1
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
               DELINQUENT                                BANKRUPTCY                                FORECLOSURE
-------------------------------------------------------------------------------------------------------------------------------
                 No. of         Principal                  No. of        Principal                  No. of          Principal
                 Loans          Balance                     Loans        Balance                     Loans           Balance
-------------------------------------------------------------------------------------------------------------------------------
<S>              <C>            <C>          <C>           <C>           <C>           <C>          <C>             <C>
0-29 Days          0             0.00        0-29 Days       0             0.00        0-29 Days       0              0.00
30 Days            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
</TABLE>

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

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

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------
               REO                                      TOTAL
-----------------------------------------------------------------------------
              No. of    Principal                       No. of    Principal
              Loans      Balance                        Loans      Balance
-----------------------------------------------------------------------------
<S>         <C>         <C>               <C>         <C>         <C>
0-29 Days   0.000000%   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             0.00                       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
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------
               REO                                     TOTAL
----------------------------------------------------------------------------
             No. of        Principal                  No. of      Principal
              Loans         Balance                    Loans       Balance
----------------------------------------------------------------------------
<S>          <C>           <C>           <C>          <C>         <C>
                0             0.00                       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
</TABLE>

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

<TABLE>
<CAPTION>
----------------------------------------------------------------------------
               REO                                     TOTAL
----------------------------------------------------------------------------
             No. of     Principal                     No. of     Principal
              Loans      Balance                       Loans       Balance
<S>         <C>         <C>              <C>         <C>         <C>
0-29 Days   0.000000%   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>

                                     Group 3

<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             0.00                       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
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------
               REO                                     TOTAL
----------------------------------------------------------------------------
             No. of        Principal                  No. of      Principal
              Loans         Balance                    Loans       Balance
----------------------------------------------------------------------------
<S>          <C>           <C>           <C>          <C>         <C>
                0             0.00                       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
</TABLE>

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

<TABLE>
<CAPTION>
----------------------------------------------------------------------------
               REO                                     TOTAL
----------------------------------------------------------------------------
             No. of     Principal                     No. of     Principal
              Loans      Balance                       Loans       Balance
<S>         <C>         <C>              <C>         <C>         <C>
0-29 Days   0.000000%   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>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
                                              COLLATERAL STATEMENT
<S>                                                                                                <C>
Collateral Description                                                                                  Mixed Arm

Weighted Average Gross Coupon                                                                           4.163955%
Weighted Average Net Coupon                                                                             3.802218%
Weighted Average Pass-Through Rate                                                                      3.793218%
Weighted Average Maturity (Stepdown Calculation)                                                              330

Beginning Scheduled Collateral Loan Count                                                                   1,625
Number of Loans Paid in Full                                                                                   11
Ending Scheduled Collateral Loan Count                                                                      1,614

Beginning Scheduled Collateral Balance                                                             642,670,565.48
Ending Scheduled Collateral Balance                                                                637,099,336.88
Ending Actual Collateral Balance at 30-Aug-2002                                                    637,102,041.15

Monthly P&I Constant                                                                                 2,231,903.79
Special Servicing Fee                                                                                        0.00
Prepayment Penalties                                                                                         0.00
Realization Loss Amount                                                                                      0.00
Cumulative Realized Loss                                                                                     0.00

Class A Optimal Amount                                                                               7,619,030.23

Ending Scheduled Balance for Premium Loans                                                         637,099,336.88

Scheduled Principal                                                                                      1,548.53
Unscheduled Principal                                                                                5,659,680.07
------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------
                           MISCELLANEOUS REPORTING

<S>                                                             <C>
One Month Libor Loan Balance                                    194,242,662.42
Six Month Libor Loan Balance                                    441,748,947.08
Pro Rata Senior Percent                                             96.366559%
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                     5.629373          3.806867                4.292111             4.163955
Weighted Average Net Rate                        5.379373          3.420395                3.917111             3.802218
Pass-Through Rate                                5.370373          3.411395                3.908111             3.793218
Weighted Average Maturity                             354               321                     358                  330
Record Date                                    08/30/2002        08/30/2002              08/30/2002           08/30/2002
Principal and Interest Constant                527,603.83      1,518,915.32              185,384.64         2,231,903.79
Beginning Loan Count                                  216             1,257                     152                1,625
Loans Paid in Full                                      7                 4                       0                   11
Ending Loan Count                                     209             1,253                     152                1,614
Beginning Scheduled Balance                112,137,948.98    478,792,278.42           51,830,338.08       642,760,565.48
Ending Scheduled Balance                   108,127,174.59    477,193,309.05           51,778,853.24       637,099,336.88
Scheduled Principal                              1,548.53              0.00                    0.00             1,548.53
Unscheduled Principal                        4,009,225.86      1,598,969.37               51,484.84         5,659,680.07
Scheduled Interest                             526,055.30      1,518,915.32              185,384.64         2,230,355.26
Servicing Fee                                   23,362.07        154,199.83               16,196.98             4,820.71
Master Servicing Fee                               841.04          3,590.94                  388.73             4,820.71
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                                   501,852.19      1,361,124.55              168,798.93         2,031,775.67
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>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}]]