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: APRIL 30, 2003
                         DISTRIBUTION DATE: MAY 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------
                   Certificate                       Beginning
                      Class     Certificate Pass-   Certificate      Interest        Principal     Current
Class    CUSIP     Description    Through Rate        Balance      Distribution    Distribution  Realized Loss
--------------------------------------------------------------------------------------------------------------
<S>     <C>        <C>          <C>                <C>             <C>             <C>           <C>
 1A     81743SAA8      SEN          1.67938%       367,264,150.80    513,980.06    2,385,727.15       0.00
 2A     81743SAB6      SEN          3.00218%       148,991,885.23    372,750.37    5,850,142.55       0.00
X-1A    81743SAC4       IO          1.02825%                 0.00    168,289.85            0.00       0.00
X-1B    81743SAD2       IO          1.04288%                 0.00    148,493.28            0.00       0.00
 X-B    81743SAE0       IO          0.72332%                 0.00      4,642.48            0.00       0.00
 A-R    81743SAF7      SEN          3.16232%                 0.00          0.00            0.00       0.00
 B-1    81743SAG5      SUB          2.07938%         7,702,000.00     13,346.15            0.00       0.00
 B-2    81743SAH3      SUB          2.80270%         4,564,000.00     10,659.95            0.00       0.00
 B-3    81743SAJ9      SUB          2.80270%         3,424,000.00      7,997.02            0.00       0.00
 B-4    SMT0209B4      SUB          2.80270%         1,426,000.00      3,330.54            0.00       0.00
 B-5    SMR0209B5      SUB          2.80270%           856,000.00      1,999.26            0.00       0.00
 B-6    SMT0209B6      SUB          2.80270%         1,997,086.78      4,664.36            0.00       0.00
--------------------------------------------------------------------------------------------------------------
Totals                                             536,225,122.81  1,250,152.96    8,235,869.70       0.00
--------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------
                       Ending
                     Certificate        Total        Cumulative
Class     CUSIP         Balance      Distribution   Realized Loss
-----------------------------------------------------------------
<S>     <C>         <C>              <C>            <C>
 1A     81743SAA8   364,878,423.65   2,899,707.21       0.00
 2A     81743SAB6   143,141,742.68   6,222,892.92       0.00
X-1A    81743SAC4             0.00     168,289.85       0.00
X-1B    81743SAD2             0.00     148,493.28       0.00
 X-B    81743SAE0             0.00       4,642.48       0.00
 A-R    81743SAF7             0.00           0.00       0.00
 B-1    81743SAG5     7,702,000.00      13,346.15       0.00
 B-2    81743SAH3     4,564,000.00      10,659.59       0.00
 B-3    81743SAJ9     3,424,000.00       7,997.02       0.00
 B-4    SMT0209B4     1,426,000.00       3,330.54       0.00
 B-5    SMR0209B5       856,000.00       1,999.26       0.00
 B-6    SMT0209B6     1,997,086.78       4,664.36       0.00
-----------------------------------------------------------------
Totals              527,989,253.11   9,486,022.66       0.00
-----------------------------------------------------------------
</TABLE>

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

<PAGE>

                        PRINCIPAL DISTRIBUTION STATEMENT
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
                             Beginning       Scheduled      Unscheduled
          Original Face     Certificate      Principal       Principal               Realized   Total Principal
Class        Amount           Balance       Distribution    Distribution  Accretion  Loss (1)      Reduction
----------------------------------------------------------------------------------------------------------------
<S>       <C>              <C>             <C>             <C>           <C>        <C>        <C>
 1A       381,698,000.00   367,264,150.80      0.00        2,385,727.15      0.00      0.00       2,385,727.15
 2A       168,875,000.00   148,991,885.23      0.00        5,850,142.55      0.00      0.00       5,850,142.55
X-1A                0.00             0.00      0.00                0.00      0.00      0.00               0.00
X-1B                0.00             0.00      0.00                0.00      0.00      0.00               0.00
 X-B                0.00             0.00      0.00                0.00      0.00      0.00               0.00
 A-R              100.00             0.00      0.00                0.00      0.00      0.00               0.00
 B-1        7,702,000.00     7,702,000.00      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      0.00               0.00
 B-3        3,424,000.00     3,424,000.00      0.00                0.00      0.00      0.00               0.00
 B-4        1,426,000.00     1,426,000.00      0.00                0.00      0.00      0.00               0.00
 B-5          856,000.00       856,000.00      0.00                0.00      0.00      0.00               0.00
 B-6        1,997,086.78     1,997,086.78      0.00                0.00      0.00      0.00               0.00
----------------------------------------------------------------------------------------------------------------
Totals    570,533,186.78   536,225,122.81      0.00        8,235,869.70      0.00      0.00       8,235,869.70
----------------------------------------------------------------------------------------------------------------

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

        Ending Certificate   Ending Certificate  Total Principal
 Class       Balance             Percentage       Distribution
-----------------------------------------------------------------
<S>     <C>                  <C>                 <C>
 1A       364,878,423.65         0.95595740       2,385,727.15
 2A       143,141,742.68         0.84761950       5,850,142.55
X-1A                0.00         0.00000000               0.00
X-1B                0.00         0.00000000               0.00
 X-B                0.00         0.00000000               0.00
 A-R                0.00         0.00000000               0.00
 B-1        7,702,000.00         1.00000000               0.00
 B-2        4,564,000.00         1.00000000               0.00
 B-3        3,424,000.00         1.00000000               0.00
 B-4        1,426,000.00         1.00000000               0.00
 B-5          856,000.00         1.00000000               0.00
 B-6        1,997,086.78         1.00000000               0.00
---------------------------------------------------------------
Totals    527,989,253.11         0.92543127       8,235,869.70
---------------------------------------------------------------
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
                               Beginning       Scheduled      Unscheduled
           Original Face      Certificate      Principal       Principal                     Realized        Total  Principal
Class         Amount            Balance      Distribution     Distribution    Accretion      Loss (3)           Reduction
-----------------------------------------------------------------------------------------------------------------------------
<S>        <C>               <C>             <C>             <C>              <C>           <C>              <C>
 1A        381,698,000.00      962.20784670     0.00000000      6.25044775    0.00000000     0.00000000         6.25044775
 2A        168,875,000.00      882.26134851     0.00000000     34.64185078    0.00000000     0.00000000        34.64185078
X-1A                 0.00        0.00000000     0.00000000      0.00000000    0.00000000     0.00000000         0.00000000
X-1B                 0.00        0.00000000     0.00000000      0.00000000    0.00000000     0.00000000         0.00000000
 X-B                 0.00        0.00000000     0.00000000      0.00000000    0.00000000     0.00000000         0.00000000
 A-R               100.00        0.00000000     0.00000000      0.00000000    0.00000000     0.00000000         0.00000000
 B-1         7,702,000.00     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000         0.00000000
 B-2         4,564,000.00     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000         0.00000000
 B-3         3,424,000.00     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000         0.00000000
 B-4         1,426,000.00     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000         0.00000000
 B-5           856,000.00     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000         0.00000000
 B-6         1,997,086.78     1000.00000000     0.00000000      0.00000000    0.00000000     0.00000000         0.00000000
--------------------------------------------------------------------------------------------------------------------------

<CAPTION>
--------------------------------------------------------------------
           Ending Certificate  Ending Certificate   Total Principal
Class          Balance           Percentage           Distribution
-------------------------------------------------------------------
<S>        <C>                 <C>                  <C>
 1A          955.95739896          0.95595740         6.25044775
 2A          847.61949774          0.84761950        34.64185078
X-1A           0.00000000          0.00000000         0.00000000
X-1B           0.00000000          0.00000000         0.00000000
 X-B           0.00000000          0.00000000         0.00000000
 A-R           0.00000000          0.00000000         0.00000000
 B-1        1000.00000000          1.00000000         0.00000000
 B-2        1000.00000000          1.00000000         0.00000000
 B-3        1000.00000000          1.00000000         0.00000000
 B-4        1000.00000000          1.00000000         0.00000000
 B-5        1000.00000000          1.00000000         0.00000000
 B-6        1000.00000000          1.00000000         0.00000000
-----------------------------------------------------------------
</TABLE>

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

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                                        Beginning                     Payment of                     Non-
                                                       Certificate/      Current        Unpaid        Current      Supported
            Original Face          Current               Notional        Accrued       Interest       Interest     Interest
 Class         Amount          Certificate Rate          Balance        Interest       Shortfall     Shortfall    Shortfall
----------------------------------------------------------------------------------------------------------------------------
<S>         <C>                <C>                         <C>        <C>             <C>            <C>          <C>
 1A         381,698,000.00         1.67938%          367,264,150.80     513,980.06       0.00          0.00          0.00
 2A         168,875,000.00         3.00218%          148,991,885.23     372,750.37       0.00          0.00          0.00
X-1A                  0.00         1.02825%          196,398,774.06     168,289.85       0.00          0.00          0.00
X-1B                  0.00         1.04288%          170,865,376.74     148,493.28       0.00          0.00          0.00
 X-B                  0.00         0.72332%          170,865,376.74       4,642.48       0.00          0.00          0.00
 A-R                100.00         3.16232%                    0.00           0.00       0.00          0.00          0.00
 B-1          7,702,000.00         2.07938%            7,702,000.00      13,346.15       0.00          0.00          0.00
 B-2          4,564,000.00         2.80270%            4,564,000.00      10,659.59       0.00          0.00          0.00
 B-3          3,424,000.00         2.80270%            3,424,000.00       7,997.02       0.00          0.00          0.00
 B-4          1,426,000.00         2.80270%            1,426,000.00       3,330.54       0.00          0.00          0.00
 B-5            856,000.00         2.80270%              856,000.00       1,999.26       0.00          0.00          0.00
 B-6          1,997,086.78         2.80270%            1,997,086.78       4,664.36       0.00          0.00          0.00
-------------------------------------------------------------------------------------------------------------------------
Totals      570,533,186.78                                            1,250,152.96       0.00          0.00          0.00
-------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------
                                           Remaining        Ending
                                             Unpaid      Certificate/
            Realized    Total Interest      Interest      Notational
Class       Loss (4)     Distribution       Shortfall      Balance
-----------------------------------------------------------------------
<S>         <C>        <C>                 <C>          <C>
 1A           0.00       513,980.06           0.00      364,878,423.65
 2A           0.00       372,750.37           0.00      143,141,742.68
X-1A          0.00       168,289.85           0.00      195,038,613.32
X-1B          0.00       148,493.28           0.00      169,839,810.33
 X-B          0.00         4,642.48           0.00        7,702,000.00
 A-R          0.00             0.00           0.00                0.00
 B-1          0.00        13,346.15           0.00        7,702,000.00
 B-2          0.00        10,659.59           0.00        4,564,000.00
 B-3          0.00         7,997.02           0.00        3,424,000.00
 B-4          0.00         3,330.54           0.00        1,426,000.00
 B-5          0.00         1,999.26           0.00          856,000.00
 B-6          0.00         4,664.36           0.00        1,997,086.78
----------------------------------------------------------------------
Totals        0.00     1,250,152.96           0.00
----------------------------------------------------------------------
</TABLE>

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

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                                              Payment of                    Non-
                            Current       Beginning                             Unpaid        Current     Supported
Class    Original Face    Certificate     Certificate/     Current Accrued     Interest      Interest     Interest        Realized
 (5)        Amount           Rate       Notional Balance      Interest        Shortfall      Shortfall    Shortfall       Loss (6)
-----------------------------------------------------------------------------------------------------------------------------------
<S>      <C>              <C>           <C>                <C>                <C>           <C>           <C>            <C>
 1A      381,698,000.00    1.67938%       962.20784670       1.34659385       0.00000000    0.00000000    0.00000000     0.00000000
 2A      168,875,000.00    3.00218%       882.26134851       2.20725608       0.00000000    0.00000000    0.00000000     0.00000000
X-1A               0.00    1.02825%       963.84254433       0.82589577       0.00000000    0.00000000    0.00000000     0.00000000
X-1B               0.00    1.04288%       960.33570327       0.83459505       0.00000000    0.00000000    0.00000000     0.00000000
 X-B               0.00    0.72332%      1000.00000000       0.60276292       0.00000000    0.00000000    0.00000000     0.00000000
 A-R             100.00    3.16232%         0.00000000       0.00000000       0.00000000    0.00000000    0.00000000     0.00000000
 B-1       7,702,000.00    2.07938%      1000.00000000       1.73281615       0.00000000    0.00000000    0.00000000     0.00000000
 B-2       4,564,000.00    2.80270%      1000.00000000       2.33558063       0.00000000    0.00000000    0.00000000     0.00000000
 B-3       3,424,000.00    2.80270%      1000.00000000       2.33557827       0.00000000    0.00000000    0.00000000     0.00000000
 B-4       1,426,000.00    2.80270%      1000.00000000       2.33558205       0.00000000    0.00000000    0.00000000     0.00000000
 B-5         856,000.00    2.80270%      1000.00000000       2.33558411       0.00000000    0.00000000    0.00000000     0.00000000
 B-6       1,997,086.78    2.80270%      1000.00000000       2.33558203       0.00000000    0.00000000    0.00000000     0.00000000
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
----------------------------------------------------------
                          Remaining
                           Unpaid
Class    Total Interest    Interest    Ending Certificate/
 (5)      Distribution    Shortfall     Notational Balance
----------------------------------------------------------
<S>      <C>              <C>          <C>
 1A        1.34659385     0.00000000       955.95739896
 2A        2.20725608     0.00000000       847.61949774
X-1A       0.82589577     0.00000000       957.16744773
X-1B       0.83459505     0.00000000       954.57158617
 X-B       0.60276292     0.00000000      1000.00000000
 A-R       0.00000000     0.00000000         0.00000000
 B-1       1.73281615     0.00000000      1000.00000000
 B-2       2.33558063     0.00000000      1000.00000000
 B-3       2.33557827     0.00000000      1000.00000000
 B-4       2.33558205     0.00000000      1000.00000000
 B-5       2.33558411     0.00000000      1000.00000000
 B-6       2.33558203     0.00000000      1000.00000000
---------------------------------------------------------
</TABLE>

(5)  Per $1 denomination

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

<PAGE>

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

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

Deposits
         Payments of Interest and Principal                              9,657,833.42
         Liquidations, Insurance Proceeds, Reserve Funds                         0.00
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                       0.00
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                         ------------
Total Deposits                                                           9,657,833.42

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            171,810.77
         Payment of Interest and Principal                               9,486,022.65
                                                                         ------------
Total Withdrawals (Pool Distribution Amount)                             9,657,833.42

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                                                     167,789.09
Master Servicing Fee                                                      4,021.68
Supported Prepayment/Curtailment Interest Shortfall                           0.00
                                                                        ----------

Net Servicing Fee                                                       171,810.77
                                                                        ==========
</TABLE>

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

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

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

0-29 Days          0           0.00     0-29 Days      0           0.00     0-29 Days      0          0.00
30 Days            0           0.00     30 Days        0           0.00     30 Days        0          0.00
60 Days            0           0.00     60 Days        0           0.00     60 Days        0          0.00
90 Days            0           0.00     90 Days        0           0.00     90 Days        0          0.00
120 Days           0           0.00     120 Days       0           0.00     120 Days       0          0.00
150 Days           0           0.00     150 Days       0           0.00     150 Days       0          0.00
180+ Days          0           0.00     180+ Days      0           0.00     180+ Days      0          0.00
                -------------------                  ------------------                   ----------------
                   0           0.00                    0           0.00                    0          0.00

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

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

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

0-29 Days     0          0.00     0-29 Days      0            0.00
30 Days       0          0.00     30 Days        0            0.00
60 Days       0          0.00     60 Days        0            0.00
90 Days       0          0.00     90 Days        0            0.00
120 Days      0          0.00     120 Days       0            0.00
150 Days      0          0.00     150 Days       0            0.00
180+ Days     0          0.00     180+ Days      0            0.00
           ------------------                 -----------------------
              0          0.00                    0            0.00

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

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

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

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------
             Original $     Original %      Current $        Current %     Current Class %      Prepayment %
           --------------  ------------  ---------------  --------------   ----------------    -------------
<S>        <C>             <C>           <C>               <C>             <C>                 <C>
 Class A   570,533,086.78  99.99998247%  527,989,253.11    100.00000000%      96.217899%           0.000000%
 Class 1A  188,844,086.78  33.09957968%  163,110,829.46     30.89283134%      69.107169%       1,827.216375%
 Class 2A   19,969,086.78   3.50007453%   19,969,086.78      3.78210099%      27.110730%         716.816669%
Class B-1   12,267,086.78   2.15010924%   12,267,086.78      2.32335918%       1.458742%          38.569616%
Class B-2    7,703,086.78   1.35015578%    7,703,086.78      1.45894765%       0.864412%          22.855327%
Class B-3    4,279,086.78   0.75001540%    4,279,086.78      0.81044960%       0.648498%          17.146503%
Class B-4    2,853,086.78   0.50007376%    2,853,086.78      0.54036834%       0.270081%           7.141038%
Class B-5    1,997,086.78   0.35003867%    1,997,086.78      0.37824383%       0.162125%           4.286626%
Class B-6            0.00   0.00000000%            0.00      0.00000000%       0.378244%          10.000892%

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

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------
                    Original $         Original %          Current $           Current %
<S>               <C>                  <C>               <C>                   <C>
Bankruptcy           100,000.00        0.01752746%          100,000.00         0.01893978%
Fraud             17,115,996.00        3.00000007%       17,115,996.00         3.24173189%
Special Hazard     6,000,000.00        1.05164785%        5,998,995.00         1.13619642%

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

<PAGE>

                           DELINQUENCY STATUS BY GROUP

                                     GROUP 1

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

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

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

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

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

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

                                     GROUP 2

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

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

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

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

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

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

<PAGE>

                              COLLATERAL STATEMENT

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

Weighted Average Gross Coupon                                          3.182164%
Weighted Average Net Coupon                                            2.806675%
Weighted Average Pass-Through Rate                                     2.797675%
Weighted Average Maturity (Stepdown Calculation)                            324

Beginning Scheduled Collateral Loan Count                                 1,451
Number of Loans Paid in Full                                                 18
Ending Scheduled Collateral Loan Count                                    1,433

Beginning Scheduled Collateral Balance                           536,225,122.82
Ending Scheduled Collateral Balance                              527,989,253.12
Ending Actual Collateral Balance at 30-Apr-2003                  527,981,132.86

Monthly P&I Constant                                               1,421,963.75
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                             9,439,383.27

Ending Scheduled Balance for Premium Loans                       527,989,253.12

Scheduled Principal                                                        0.00
Unscheduled Principal                                              8,235,869.70
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                  <C>
Pro Rata Senior Percent                                               96.275988%
Senior Percentage                                                    100.000000%
Senior Prepay Percentage                                             100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
           GROUP                        1                 2              TOTAL
<S>                               <C>              <C>               <C>
Collateral Description                 Mixed ARM      6 Month ARM         Mixed ARM
Weighted Average Coupon Rate            3.099127         3.386180          3.182164
Weighted Average Net Rate               2.723438         3.011180          2.806675
Pass-Through Rate                       2.714438         3.002180          2.797675
Weighted Average Maturity                    308              350               324
Record Date                           04/30/2003       04/30/2003        04/30/2003
Principal and Interest Constant       984,252.35       437,711.40      1,421,963.75
Beginning Loan Count                         997              454             1,451
Loans Paid in Full                             6               12                18
Ending Loan Count                            991              442             1,433
Beginning Scheduled Balance       381,108,237.59   155,116,885.23    536,225,122.82
Ending Scheduled Balance          378,722,510.44   149,266,742.68    527,989,253.12
Scheduled Principal                         0.00             0.00              0.00
Unscheduled Principal               2,385,727.15     5,850,142.55      8,235,869.70
Scheduled Interest                    984,252.35       437,711.40      1,421,963.75
Servicing Fee                         119,315.06        48,474.03        167,789.09
Master Servicing Fee                    2,858.31         1,163.37          4,021.68
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                          862,078.98       388,074.00      1,250,152.98
Realized Loss Amount                        0.00             0.00              0.00
Cumulative Realized Loss                    0.00             0.00              0.00
Percentage of Cumulative Losses             0.00             0.00              0.00
Prepayment Penalties                        0.00             0.00              0.00
Special Servicing Fee                       0.00             0.00              0.00
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<CAPTION>
       Group 1
       -------
<S>                                                              <C>
One Month LIBOR Loans                                            202,438,698.71
Six Month LIBOR Loans                                            176,283,811.73
</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: APRIL 30, 2003
                         DISTRIBUTION DATE: MAY 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
                                Certificate                        Beginning
                                  Class         Certificate       Certificate       Interest          Principal
   Class           CUSIP       Description   Pass-Through Rate      Balance        Distribution     Distribution
-----------------------------------------------------------------------------------------------------------------
<S>            <C>             <C>           <C>                <C>               <C>             <C>
   1-A1         81743RAA0         SEN            1.45938%         9,674,243.59       11,373.15     5,160,475.41
   1-A2         81743RAB8         SEN            3.45500%        61,468,000.00      176,976.62             0.00
    2A          81743RAC6         SEN            1.62938%       430,884,618.34      585,062.31     3,790,021.74
    3A          81743RAD4         SEN            3.30737%        45,019,224.47      124,079.46     1,108,794.10
    X-1         81743RAE2          IO            2.11013%                 0.00      125,099.65             0.00
   X-2A        81743RAFf9          IO            1.07911%                 0.00      157,280.62             0.00
   X-2B         81743AFG7          IO            1.51017%                 0.00      322,148.29             0.00
    X-B         81743RAH5          IO            1.40207%                 0.00       10,596.17             0.00
    A-R         81743RAJ1         SEN            5.37365%                 0.00            0.00             0.00
    B-1         81743RAK8         SUB            2.00438%         9,069,000.00       15,148.10             0.00
    B-2         81743RAL6         SUB            3.40645%         5,505,000.00       15,627.11             0.00
    B-3         81743RAM4         SUB            3.40645%         3,886,000.00       11,031.23             0.00
    B-4         SMT0208B4         SUB            3.40645%         1,618,000.00        4,593.03             0.00
    B-5         SMT0208B5         SUB            3.40645%           970,000.00        2,753.55             0.00
    B-6         SMT0208B6         SUB            3.40645%         2,306,324.82        6,546.99             0.00
         --------------------------------------------------------------------------------------------------------
Totals                                                          570,400,411.22    1,568,316.28    10,059,291.25
-----------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------
                                  Ending
                Current        Certificate          Total          Cumulative
   Class     Realized Loss       Balance         Distribution     Realized Loss
-------------------------------------------------------------------------------
<S>          <C>             <C>                <C>               <C>
   1-A1           0.00         4,513,768.18      5,171,848.56          0.00
   1-A2           0.00        61,468,000.00        176,976.62          0.00
    2A            0.00       427,094,596.60      4,375,084.05          0.00
    3A            0.00        43,910,430.37      1,232,873.56          0.00
    X-1           0.00                 0.00        125,099.65          0.00
   X-2A           0.00                 0.00        157,280.62          0.00
   X-2B           0.00                 0.00        322,148.29          0.00
    X-B           0.00                 0.00         10,596.17          0.00
    A-R           0.00                 0.00              0.00          0.00
    B-1           0.00         9,069,000.00         15,148.10          0.00
    B-2           0.00         5,505,000.00         15,627.11          0.00
    B-3           0.00         3,886,000.00         11,031.23          0.00
    B-4           0.00         1,618,000.00          4,593.03          0.00
    B-5           0.00           970,000.00          2,753.55          0.00
    B-6           0.00         2,306,324.82          6,546.99          0.00
         ------------------------------------------------------------------
Totals            0.00       560,341,119.97     11,627,607.53         00.00
---------------------------------------------------------------------------
</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                          Realized    Total Principal
   Class          Amount           Balance       Distribution   Distribution     Accretion     Loss (1)       Reduction
--------------------------------------------------------------------------------------------------------------------------
<S>           <C>               <C>              <C>            <C>              <C>           <C>          <C>
   1-A1        50,000,000.00      9,674,243.59       0.00        5,160,475.41       0.00         0.00        5,160,475.41
   1-A2        61,468,000.00     61,468,000.00       0.00                0.00       0.00         0.00                0.00
    2A        463,097,000.00    430,884,618.34       0.00        3,790,021.74       0.00         0.00        3,790,021.74
    3A         49,973,000.00     45,019,224.47       0.00        1,108,794.10       0.00         0.00        1,108,794.10
    X-1                 0.00              0.00       0.00                0.00       0.00         0.00                0.00
   X-2A                 0.00              0.00       0.00                0.00       0.00         0.00                0.00
   X-2B                 0.00              0.00       0.00                0.00       0.00         0.00                0.00
    X-B                 0.00              0.00       0.00                0.00       0.00         0.00                0.00
    A-R               100.00              0.00       0.00                0.00       0.00         0.00                0.00
    B-1         9,069,000.00      9,069,000.00       0.00                0.00       0.00         0.00                0.00
    B-2         5,505,000.00      5,505,000.00       0.00                0.00       0.00         0.00                0.00
    B-3         3,886,000.00      3,886,000.00       0.00                0.00       0.00         0.00                0.00
    B-4         1,618,000.00      1,618,000.00       0.00                0.00       0.00         0.00                0.00
    B-5           970,000.00        970,000.00       0.00                0.00       0.00         0.00                0.00
    B-6         2,306,324.82      2,306,324.82       0.00                0.00       0.00         0.00                0.00
              ------------------------------------------------------------------------------------------------------------
Totals        647,892,424.82    570,400,411.22       0.00       10,059,291.25       0.00         0.00       10,059,291.25
--------------------------------------------------------------------------------------------------------------------------

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

                Ending Certificate   Ending Certificate    Total Principal
   Class             Balance             Percentage          Distribution
--------------------------------------------------------------------------
<S>             <C>                  <C>                   <C>
   1-A1             4,513,768.18         0.09027536         5,160,475.41
   1-A2            61,468,000.00         1.00000000                 0.00
    2A            427,094,596.60         0.92225732         3,790,021.74
    3A             43,910,430.37         0.87868310         1,108,794.10
    X-1                     0.00         0.00000000                 0.00
   X-2A                     0.00         0.00000000                 0.00
   X-2B                     0.00         0.00000000                 0.00
    X-B                     0.00         0.00000000                 0.00
    A-R                     0.00         0.00000000                 0.00
    B-1             9,069,000.00         1.00000000                 0.00
    B-2             5,505,000.00         1.00000000                 0.00
    B-3             3,886,000.00         1.00000000                 0.00
    B-4             1,618,000.00         1.00000000                 0.00
    B-5               970,000.00         1.00000000                 0.00
    B-6             2,306,324.82         1.00000000                 0.00
                ----------------------------------------------------------
Totals            560,341,119.97         0.86486753        10,059,291.25
--------------------------------------------------------------------------
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                   Beginning      Scheduled      Unscheduled
              Original Face      Certificate      Principal       Principal                     Realized     Total Principal
   Class         Amount             Balance      Distribution    Distribution    Accretion      Loss (3)        Reduction
----------------------------------------------------------------------------------------------------------------------------
<S>           <C>                <C>              <C>            <C>             <C>            <C>          <C>
   1-A1        50,000,000.00      193.48487180    0.00000000     103.20950820    0.00000000     0.00000000     103.20950820
   1-A2        61,468,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    2A        463,097,000.00      930.44139422    0.00000000       8.18407750    0.00000000     0.00000000       8.18407750
    3A         49,973,000.00      900.87095972    0.00000000      22.18786345    0.00000000     0.00000000      22.18786345
    X-1                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
   X-2A                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
   X-2B                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    X-B                 0.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    A-R               100.00        0.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    B-1         9,069,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    B-2         5,505,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    B-3         3,886,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    B-4         1,618,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    B-5           970,000.00     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
    B-6         2,306,324.82     1000.00000000    0.00000000       0.00000000    0.00000000     0.00000000       0.00000000
----------------------------------------------------------------------------------------------------------------------------

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

                Ending Certificate   Ending Certificate   Total Principal
   Class               Balance           Percentage         Distribution
-------------------------------------------------------------------------
<S>             <C>                  <C>                  <C>
   1-A1              90.27536360         0.09027536         103.20950820
   1-A2            1000.00000000         1.00000000           0.00000000
    2A              922.25731672         0.92225732           8.18407750
    3A              878.68309627         0.87868310          22.18786345
    X-1               0.00000000         0.00000000           0.00000000
   X-2A               0.00000000         0.00000000           0.00000000
   X-2B               0.00000000         0.00000000           0.00000000
    X-B               0.00000000         0.00000000           0.00000000
    A-R               0.00000000         0.00000000           0.00000000
    B-1            1000.00000000         1.00000000           0.00000000
    B-2            1000.00000000         1.00000000           0.00000000
    B-3            1000.00000000         1.00000000           0.00000000
    B-4            1000.00000000         1.00000000           0.00000000
    B-5            1000.00000000         1.00000000           0.00000000
    B-6            1000.00000000         1.00000000           0.00000000
------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
                                                  Beginning                      Payment of                    Non-
                                                 Certificate/       Current        Unpaid       Current      Supported
             Original Face         Current         Notional         Accrued       Interest      Interest     Interest
 Class           Amount       Certificate Rate      Balance        Interest      Shortfall     Shortfall     Shortfall
----------------------------------------------------------------------------------------------------------------------
<S>          <C>              <C>               <C>              <C>             <C>           <C>           <C>
 1-A1         50,000,000.00       1.45938%        9,674,243.59      11,373.15       0.00          0.00         0.00
 1-A2         61,468,000.00       3.45500%       61,468,000.00     176,976.62       0.00          0.00         0.00
  2A         463,097,000.00       1.62938%      430,884,618.34     585,062.32       0.00          0.00         0.00
  3A          49,973,000.00       3.30737%       45,019,224.47     124,079.46       0.00          0.00         0.00
  X-1                  0.00       2.11013%       71,142,243.59     125,099.65       0.00          0.00         0.00
 X-2A                  0.00       1.07911%      174,901,002.09     157,280.62       0.00          0.00         0.00
 X-2B                  0.00       1.51017%      255,983,616.25     322,148.29       0.00          0.00         0.00
  X-B                  0.00       1.40207%        9,069,000.00      10,596.17       0.00          0.00         0.00
  A-R                100.00       5.37365%                0.00           0.00       0.00          0.00         0.00
  B-1          9,069,000.00       2.00438%        9,069,000.00      15,148.10       0.00          0.00         0.00
  B-2          5,505,000.00       3.40645%        5,505,000.00      15,627.11       0.00          0.00         0.00
  B-3          3,886,000.00       3.40645%        3,886,000.00      11,031.23       0.00          0.00         0.00
  B-4          1,618,000.00       3.40645%        1,618,000.00       4,593.03       0.00          0.00         0.00
  B-5            970,000.00       3.40645%          970,000.00       2,753.55       0.00          0.00         0.00
  B-6          2,306,324.82       3.40645%        2,306,324.82       6,546.99       0.00          0.00         0.00
----------------------------------------------------------------------------------------------------------------------
Totals       647,892,424.82                                      1,568,316.29       0.00          0.00         0.00
----------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------
                                          Remaining      Ending
                                           Unpaid     Certificate/
            Realized   Total Interest     Interest     Notational
 Class      Loss (4)    Distribution      Shortfall      Balance
-------------------------------------------------------------------
<S>         <C>        <C>                <C>        <C>
 1-A1         0.00         11,373.15        0.00       4,513,768.18
 1-A2         0.00        176,976.62        0.00      61,468,000.00
  2A          0.00        585,062.31        0.00     427,094,596.60
  3A          0.00        124,079.46        0.00      43,910,430.37
  X-1         0.00        125,099.65        0.00      65,981,768.18
 X-2A         0.00        157,280.62        0.00     174,330,306.43
 X-2B         0.00        322,148.29        0.00     252,764,290.17
  X-B         0.00         10,596.17        0.00       9,069,000.00
  A-R         0.00              0.00        0.00               0.00
  B-1         0.00         15,148.10        0.00       9,069,000.00
  B-2         0.00         15,627.11        0.00       5,505,000.00
  B-3         0.00         11,031.23        0.00       3,886,000.00
  B-4         0.00          4,593.03        0.00       1,618,000.00
  B-5         0.00          2,753.55        0.00         970,000.00
  B-6         0.00          6,546.99        0.00       2,306,324.82
-------------------------------------------------------------------
Totals        0.00      1,568,316.28        0.00
-------------------------------------------------------------------
</TABLE>

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

<PAGE>

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
                                                                            Payment of                      Non-
                           Current        Beginning                           Unpaid        Current      Supported
Class     Original Face  Certificate     Certificate/    Current Accrued     Interest       Interest      Interest
 (5)         Amount         Rate       Notional Balance      Interest        Shortfall     Shortfall     Shortfall
-------------------------------------------------------------------------------------------------------------------
<S>      <C>             <C>           <C>               <C>                <C>            <C>           <C>
 1-A1     50,000,000.00    1.45938%      193.48487180      0.22746300       0.00000000     0.00000000    0.00000000
 1-A2     61,468,000.00    3.45500%     1000.00000000      2.87916672       0.00000000     0.00000000    0.00000000
  2A     463,097,000.00    1.62938%      930.44139422      1.26336884       0.00000000     0.00000000    0.00000000
  3A      49,973,000.00    3.30737%      900.87095972      2.48292998       0.00000000     0.00000000    0.00000000
  X-1              0.00    2.11013%      638.23019692      1.12229205       0.00000000     0.00000000    0.00000000
 X-2A              0.00    1.07911%      928.52307909      0.83497912       0.00000000     0.00000000    0.00000000
 X-2B              0.00    1.51017%      931.75664897      1.17258993       0.00000000     0.00000000    0.00000000
  X-B              0.00    1.40207%     1000.00000000      1.16839453       0.00000000     0.00000000    0.00000000
  A-R            100.00    5.37365%        0.00000000      0.00000000       0.00000000     0.00000000    0.00000000
  B-1      9,069,000.00    2.00438%     1000.00000000      1.67031646       0.00000000     0.00000000    0.00000000
  B-2      5,505,000.00    3.40645%     1000.00000000      2.83871208       0.00000000     0.00000000    0.00000000
  B-3      3,886,000.00    3.40645%     1000.00000000      2.83871076       0.00000000     0.00000000    0.00000000
  B-4      1,618,000.00    3.40645%     1000.00000000      2.83870828       0.00000000     0.00000000    0.00000000
  B-5        970,000.00    3.40645%     1000.00000000      2.83871134       0.00000000     0.00000000    0.00000000
  B-6      2,306,324.82    3.40645%     1000.00000000      2.83871116       0.00000000     0.00000000    0.00000000
-------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------
                                        Remaining
                                         Unpaid
Class       Realized    Total Interest   Interest    Ending Certificate/
 (5)        Loss (6)     Distribution    Shortfall   Notational Balance
------------------------------------------------------------------------
<S>        <C>          <C>             <C>          <C>
 1-A1      0.00000000      0.22746300   0.00000000        90.27536360
 1-A2      0.00000000      2.87916672   0.00000000      1000.00000000
  2A       0.00000000      1.26336882   0.00000000       922.25731672
  3A       0.00000000      2.48292998   0.00000000       878.68309627
  X-1      0.00000000      1.12229205   0.00000000       591.93461962
 X-2A      0.00000000      0.83497912   0.00000000       925.49334178
 X-2B      0.00000000      1.17258993   0.00000000       920.03860028
  X-B      0.00000000      1.16839453   0.00000000      1000.00000000
  A-R      0.00000000      0.00000000   0.00000000         0.00000000
  B-1      0.00000000      1.67031646   0.00000000      1000.00000000
  B-2      0.00000000      2.83871208   0.00000000      1000.00000000
  B-3      0.00000000      2.83871076   0.00000000      1000.00000000
  B-4      0.00000000      2.83870828   0.00000000      1000.00000000
  B-5      0.00000000      2.83871134   0.00000000      1000.00000000
  B-6      0.00000000      2.83871116   0.00000000      1000.00000000
---------------------------------------------------------------------
</TABLE>

(5)  Per $1 denomination

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

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

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

Deposits
         Payments of Interest and Principal                 11,806,830.22
         Liquidations, Insurance Proceeds, Reserve Funds             0.00
         Proceeds from Repurchased Loans                             0.00
         Other Amounts (Servicer Advances)                           0.00
         Realized Losses                                             0.00
         Prepayment Penalties                                        0.00
                                                            -------------
Total Deposits                                              11,806,830.22

Withdrawals
         Reimbursement for Servicer Advances                         0.00
         Payment of Service Fee                                179,222.68
         Payment of Interest and Principal                  11,627,607.54
                                                            -------------
Total Withdrawals (Pool Distribution Amount)                11,806,830.22

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

<PAGE>

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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

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

                                 SERVICING FEES

<TABLE>
<S>                                                         <C>
Gross Servicing Fee                                         174,944.69
Master Servicing Fee                                          4,277.99
Non-Supported Prepayment/Curtailment Interest Shortfall           0.00
                                                            ----------

Net Servicing Fee                                           179,222.68
                                                            ==========
</TABLE>

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

<PAGE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

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

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

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

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

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

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

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

<PAGE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
                 Original $        Original %       Current $        Current %      Current Class %    Prepayment %
               --------------    -----------     --------------    ------------     ---------------   -------------
<S>            <C>               <C>             <C>               <C>              <C>               <C>
Class A        647,892,324.82    99.99998457%    560,341,119.97    100.00000000%      95.832124%          0.000000%
Class 1-A-1    597,892,324.82    92.28265402%    555,827,351.79     99.19446066%       0.805539%         19.327333%
Class 1-A-2    536,424,324.82    82.79527654%    494,359,351.79     88.22471423%      10.969746%        263.197504%
Class 2A        73,327,324.82    11.31782407%     67,264,755.19     12.00425112%      79.220463%      1,828.760197%
Class 3A        23,354,324.82     3.60466089%     23,354,324.82      4.16787631%       7.836375%        188.018411%
Class X-1       23,354,324.82     3.60466089%     23,354,324.82      4.16787631%       0.000000%          0.000000%
Class B-1       14,285,324.82     2.20489147%     14,285,324.82      2.54939791%       1.618478%         38.832208%
Class B-2        8,780,324.82     1.35521338%      8,780,324.82      1.56696064%       0.982437%         25.571651%
Class B-3        4,894,324.82     0.75542245%      4,894,324.82      0.87345452%       0.693506%         16.639316%
Class B-4        3,276,324.82     0.50568963%      3,276,324.82      0.58470184%       0.288753%          6.928053%
Class B-5        2,306,324.82     0.35597342%      2,306,324.82      0.41159300%       0.173109%          4.153406%
Class B-6                0.00     0.00000000%              0.00      0.00000000%       0.411593%          9.875365%
------------------------------------------------------------------------------------------------------------------
</TABLE>

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

<TABLE>
<CAPTION>
                    Original $          Original %         Current $            Current %
<S>               <C>                  <C>               <C>                   <C>
    Bankruptcy       126,045.00        0.01945462%          126,045.00         0.02249433%
         Fraud    19,436,773.00        3.00000004%       19,436,773.00         3.46873936%
Special Hazard    15,500,000.00        2.39237247%       15,499,500.00         2.76608292%
</TABLE>

Limit of subordinate's exposure to certain types of losses

<PAGE>

                          DELINQUENCY STATUS BY GROUP

                                    GROUP 1

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

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

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

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

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

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

                                    GROUP 2

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

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

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

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

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

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

<PAGE>

                                    Group 3

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

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

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

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

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

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

<PAGE>

                              COLLATERAL STATEMENT

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

Weighted Average Gross Coupon                                  3.676447%
Weighted Average Net Coupon                                    3.308401%
Weighted Average Pass-Through Rate                             3.299401%
Weighted Average Maturity (Stepdown Calculation)                    322

Beginning Scheduled Collateral Loan Count                         1,486
Number of Loans Paid in Full                                         24
Ending Scheduled Collateral Loan Count                            1,462

Beginning Scheduled Collateral Balance                   570,400,411.22
Ending Scheduled Collateral Balance                      560,341,119.97
Ending Actual Collateral Balance at 30-Apr-2003          560,340,373.51

Monthly P&I Constant                                       1,747,538.98
Special Servicing Fee                                              0.00
Prepayment Penalties                                               0.00
Realization Loss Amount                                            0.00
Cumulative Realized Loss                                           0.00

Class A Optimal Amount                                    11,561,311.36

Ending Scheduled Balance for Premium Loans               560,341,119.97

Scheduled Principal                                                0.00
Unscheduled Principal                                     10,059,291.25
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                      <C>
One Month Libor Loan Balance                             181,389,359.95
Six Month Libor Loan Balance - POOL 1                     69,786,036.60
Six Month Libor Loan Balance - POOL 2                    262,999,324.39
Six Month Libor Loan Balance - POOL 3                     45,807,384.56
Pro Rata Senior Percent                                       95.905626%
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              5.546144          3.360727                3.691373             3.676447
Weighted Average Net Rate                 5.296144          2.973574                3.316373             3.308401
Pass-Through Rate                         5.287144          2.964574                3.307373             3.299401
Weighted Average Maturity                      346               313                     350                  322
Record Date                             04/30/2003        04/30/2003              04/30/2003           04/30/2003
Principal and Interest Constant         348,046.09      1,255,171.97              144,320.92         1,747,538.98
Beginning Loan Count                           153             1,192                     141                1,486
Loans Paid in Full                              10                11                       3                   24
Ending Loan Count                              143             1,181                     138                1,462
Beginning Scheduled Balance          75,305,526.48    448,178,706.08           46,916,178.66       570,400,411.22
Ending Scheduled Balance             70,145,051.07    444,388,684.34           45,807,384.56       560,341,119.97
Scheduled Principal                           0.00              0.00                    0.00                 0.00
Unscheduled Principal                 5,160,475.41      3,790,021.74            1,108,794.10        10,059,291.25
Scheduled Interest                      348,046.09      1,255,171.97              144,320.92         1,747,538.98
Servicing Fee                            15,688.65        144,594.73               14,661.31           174,944.69
Master Servicing Fee                        564.79          3,361.33                  351.87             4,277.99
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                            331,792.65      1,107,215.91              129,307.74         1,568,316.30
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>

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