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 2002-12
                           RECORD DATE: JULY 31, 2003
                       DISTRIBUTION DATE: AUGUST 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                   Certificate      Certificate
                                      Class         Pass-Through          Beginning             Interest           Principal
 Class             CUSIP           Description          Rate         Certificate Balance      Distribution        Distribution
------------------------------------------------------------------------------------------------------------------------------
<S>              <C>               <C>              <C>              <C>                      <C>                <C>
   A             81744BAA4             SEN              1.55000%        1,024,267,562.43      1,323,012.26       17,103,687.16
  X-1            81744BAB2             IO               1.06627%                    0.00        215,158.13                0.00
  X-2            81744BAC0             IO               1.16490%                    0.00        775,751.67                0.00
  A-R            81744BAD8             SEN              3.16651%                    0.00              0.00                0.00
  B-1            81744BAE6             SUB              1.95000%           16,815,000.00         27,324.37                0.00
  B-2            81744BAF3             SUB              2.69842%            8,968,000.00         20,166.20                0.00
  B-3            81744BAG1             SUB              2.69842%            6,165,000.00         13,863.14                0.00
  B-4            SMT0212B4             SUB              2.69842%            2,802,000.00          6,300.81                0.00
  B-5            SMT0212B5             SUB              2.69842%            1,681,000.00          3,780.04                0.00
  B-6            SMT0212B6             SUB              2.69842%            4,486,095.46         10,087.81                0.00
------------------------------------------------------------------------------------------------------------------------------
Totals                                                                  1,065,184,657.89      2,395,264.43       17,103,687.16
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------
                   Current         Ending Certificate          Total            Cumulative
 Class          Realized Loss           Balance             Distribution       Realized Loss
--------------------------------------------------------------------------------------------
<S>             <C>                <C>                     <C>                 <C>
   A                     0.00        1,007,163,875.27      18,426,699.42                0.00
  X-1                    0.00                    0.00         215,158.13                0.00
  X-2                    0.00                    0.00         775,571.67                0.00
  A-R                    0.00                    0.00               0.00                0.00
  B-1                    0.00           16,815,000.00          27,324.37                0.00
  B-2                    0.00            8,968,000.00          20,166.20                0.00
  B-3                    0.00            6,165,000.00          13,863.14                0.00
  B-4                    0.00            2,802,000.00           6,300.81                0.00
  B-5                    0.00            1,681,000.00           3,780.04                0.00
  B-6                    0.00            4,486,095.46          10,087.81                0.00
--------------------------------------------------------------------------------------------
Totals                   0.00        1,048,080,970.73      19,498,951.59                0.00
--------------------------------------------------------------------------------------------
</TABLE>

All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
<PAGE>
                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                           Beginning           Scheduled       Unscheduled
                   Original Face          Certificate          Principal        Principal                           Realized
   Class               Amount               Balance          Distribution      Distribution       Accretion         Loss (1)
----------------------------------------------------------------------------------------------------------------------------
<S>               <C>                   <C>                  <C>               <C>                <C>               <C>
     A            1,080,076,000.00      1,024,267,562.43             0.00      17,103,687.16           0.00             0.00
    X-1                       0.00                  0.00             0.00               0.00           0.00             0.00
    X-2                       0.00                  0.00             0.00               0.00           0.00             0.00
    A-R                     100.00                  0.00             0.00               0.00           0.00             0.00
    B-1              16,815,000.00         16,815,000.00             0.00               0.00           0.00             0.00
    B-2               8,968,000.00          8,968,000.00             0.00               0.00           0.00             0.00
    B-3               6,165,000.00          6,165,000.00             0.00               0.00           0.00             0.00
    B-4               2,802,000.00          2,802,000.00             0.00               0.00           0.00             0.00
    B-5               1,681,000.00          1,681,000.00             0.00               0.00           0.00             0.00
    B-6               4,486,095.46          4,486,095.46             0.00               0.00           0.00             0.00
----------------------------------------------------------------------------------------------------------------------------
Totals            1,120,993,195.46      1,065,184,657.89             0.00      17,103,687.16           0.00             0.00
----------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
                 Total Principal     Ending Certificate    Ending Certificate        Total Principal
   Class            Reduction             Balance              Percentage             Distribution
----------------------------------------------------------------------------------------------------
<S>              <C>                 <C>                   <C>                       <C>
     A             17,103,687.16      1,007,163,875.27             0.93249352          17,103,687.16
    X-1                     0.00                  0.00             0.00000000                   0.00
    X-2                     0.00                  0.00             0.00000000                   0.00
    A-R                     0.00                  0.00             0.00000000                   0.00
    B-1                     0.00         16,815,000.00             1.00000000                   0.00
    B-2                     0.00          8,968,000.00             1.00000000                   0.00
    B-3                     0.00          6,165,000.00             1.00000000                   0.00
    B-4                     0.00          2,802,000.00             1.00000000                   0.00
    B-5                     0.00          1,681,000.00             1.00000000                   0.00
    B-6                     0.00          4,486,095.46             1.00000000                   0.00
----------------------------------------------------------------------------------------------------
Totals             17,103,687.16      1,048,080,970.73             0.93495748          17,103,687.16
----------------------------------------------------------------------------------------------------
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
                                      Beginning           Scheduled        Unscheduled
              Original Face          Certificate          Principal         Principal                           Realized
 Class            Amount               Balance          Distribution       Distribution        Accretion        Loss (3)
--------------------------------------------------------------------------------------------------------------------------
<S>          <C>                     <C>                <C>                <C>                 <C>              <C>
   A         1,080,076,000.00          948.32915686       0.00000000         15.83563301       0.00000000       0.00000000
  X-1                    0.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
  X-2                    0.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
  A-R                  100.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
  B-1           16,815,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
  B-2            8,968,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
  B-3            6,165,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
  B-4            2,802,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
  B-5            1,681,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
  B-6            4,486,095.46         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------
                                     Ending
             Total Principal       Certificate       Ending Certificate        Total Principal
 Class          Reduction            Balance             Percentage             Distribution
----------------------------------------------------------------------------------------------
<S>          <C>                   <C>               <C>                       <C>
   A             15.83563301        932.49352385             0.93249352            15.83563301
  X-1             0.00000000          0.00000000             0.00000000             0.00000000
  X-2             0.00000000          0.00000000             0.00000000             0.00000000
  A-R             0.00000000          0.00000000             0.00000000             0.00000000
  B-1             0.00000000       1000.00000000             1.00000000             0.00000000
  B-2             0.00000000       1000.00000000             1.00000000             0.00000000
  B-3             0.00000000       1000.00000000             1.00000000             0.00000000
  B-4             0.00000000       1000.00000000             1.00000000             0.00000000
  B-5             0.00000000       1000.00000000             1.00000000             0.00000000
  B-6             0.00000000       1000.00000000             1.00000000             0.00000000
----------------------------------------------------------------------------------------------
</TABLE>

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

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                                                                                 Payment of
                                                            Beginning            Current           Unpaid          Current
                Original Face          Current             Certificate/          Accrued          Interest        Interest
 Class              Amount         Certificate Rate      Notional Balance        Interest         Shortfall       Shortfall
---------------------------------------------------------------------------------------------------------------------------
<S>            <C>                 <C>                   <C>                   <C>               <C>              <C>
   A           1,080,076,000.00            1.55000%      1,024,267,562.43      1,323,012.27            0.00            0.00
  X-1                      0.00            1.06627%        242,142,066.19        215,158.13            0.00            0.00
  X-2                      0.00            1.16490%        798,940,496.24        775,571.68            0.00            0.00
  A-R                    100.00            3.16651%                  0.00              0.00            0.00            0.00
  B-1             16,815,000.00            1.95000%         16,815,000.00         27,324.38            0.00            0.00
  B-2              8,968,000.00            2.69842%          8,968,000.00         20,166.20            0.00            0.00
  B-3              6,165,000.00            2.69842%          6,165,000.00         13,863.14            0.00            0.00
  B-4              2,802,000.00            2.69842%          2,802,000.00          6,300.81            0.00            0.00
  B-5              1,681,000.00            2.69842%          1,681,000.00          3,780.04            0.00            0.00
  B-6              4,486,095.46            2.69842%          4,486,095.46         10,087.81            0.00            0.00
---------------------------------------------------------------------------------------------------------------------------
Totals         1,120,993,195.46                                                2,395,264.46            0.00            0.00
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------
                Non-                                            Remaining            Ending
              Supported                                          Unpaid           Certificate/
              Interest       Realized     Total Interest        Interest           Notational
 Class        Shortfall      Loss (4)      Distribution         Shortfall           Balance
-----------------------------------------------------------------------------------------------
<S>           <C>            <C>          <C>                   <C>            <C>
   A               0.00          0.00       1,323,012.26             0.00      1,007,163,875.27
  X-1              0.00          0.00         215,158.13             0.00        239,705,205.53
  X-2              0.00          0.00         775,571.67             0.00        784,273,669.74
  A-R              0.00          0.00               0.00             0.00                  0.00
  B-1              0.00          0.00          27,324.37             0.00         16,815,000.00
  B-2              0.00          0.00          20,166.20             0.00          8,968,000.00
  B-3              0.00          0.00          13,863.14             0.00          6,165,000.00
  B-4              0.00          0.00           6,300.81             0.00          2,802,000.00
  B-5              0.00          0.00           3,780.04             0.00          1,681,000.00
  B-6              0.00          0.00          10,087.81             0.00          4,486,095.46
-----------------------------------------------------------------------------------------------
Totals             0.00          0.00       2,395,264.43             0.00
-----------------------------------------------------------------------------------------------
</TABLE>

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

                    INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
                                                                                             Payment of
                                      Current          Beginning                               Unpaid         Current
                 Original Face      Certificate       Certificate       Current Accrued       Interest       Interest
Class (5)           Amount             Rate        Notional Balance         Interest          Shortfall      Shortfall
-----------------------------------------------------------------------------------------------------------------------
<S>             <C>                 <C>            <C>                  <C>                  <C>             <C>
    A           1,080,076,000.00      1.55000%         948.32915686          1.22492516       0.00000000     0.00000000
   X-1                      0.00      1.06627%         969.67625952          0.86161704       0.00000000     0.00000000
   X-2                      0.00      1.16490%         943.06244962          0.91547810       0.00000000     0.00000000
   A-R                    100.00      3.16651%           0.00000000          0.00000000       0.00000000     0.00000000
   B-1             16,815,000.00      1.95000%        1000.00000000          1.62500030       0.00000000     0.00000000
   B-2              8,968,000.00      2.69842%        1000.00000000          2.24868421       0.00000000     0.00000000
   B-3              6,165,000.00      2.69842%        1000.00000000          2.24868451       0.00000000     0.00000000
   B-4              2,802,000.00      2.69842%        1000.00000000          2.24868308       0.00000000     0.00000000
   B-5              1,681,000.00      2.69842%        1000.00000000          2.24868531       0.00000000     0.00000000
   B-6              4,486,095.46      2.69842%        1000.00000000          2.24868376       0.00000000     0.00000000
-----------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
                  Non-                                                Remaining
                Supported                                              Unpaid
                Interest           Realized        Total Interest     Interest       Ending Certificate/
Class (5)       Shortfall          Loss (6)         Distribution      Shortfall       Notational Balance
--------------------------------------------------------------------------------------------------------
<S>             <C>               <C>              <C>                <C>            <C>
    A           0.00000000        0.00000000           1.22492515     0.00000000            932.49352385
   X-1          0.00000000        0.00000000           0.86161704     0.00000000            959.91766628
   X-2          0.00000000        0.00000000           0.91547809     0.00000000            925.74985451
   A-R          0.00000000        0.00000000           0.00000000     0.00000000              0.00000000
   B-1          0.00000000        0.00000000           1.62499970     0.00000000           1000.00000000
   B-2          0.00000000        0.00000000           2.24868421     0.00000000           1000.00000000
   B-3          0.00000000        0.00000000           2.24868451     0.00000000           1000.00000000
   B-4          0.00000000        0.00000000           2.24868308     0.00000000           1000.00000000
   B-5          0.00000000        0.00000000           2.24868531     0.00000000           1000.00000000
   B-6          0.00000000        0.00000000           2.24868376     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

Deposits

           Payments of Interest and Principal                      19,834,799.27
           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                                                     19,834,799.27

Withdrawals

           Reimbursement for Servicer Advances                            648.37
           Payment of Service Fee                                     335,199.29
           Payment of Interest and Principal                       19,498,951.61
                                                                ----------------
Total Withdrawals (Pool Distribution Amount)                       19,834,799.27

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                                                   335,199.29
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                ----------------

Net Servicing Fee                                                     335,199.29
                                                                ================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                        Beginning        Current        Current         Ending
Account Type             Balance       Withdrawals      Deposits        Balance
--------------------------------------------------------------------------------
<S>                     <C>            <C>              <C>            <C>
Reserve Fund            10,000.00         0.00            0.00         10,000.00
</TABLE>

            LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

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

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

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

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

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

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

Current Period Class A Insufficient Funds:                                  0.00

Principal Balance of Contaminated Properties                                0.00

Periodic Advance                                                            0.00

<TABLE>
<CAPTION>
                      Original $     Original %       Current $       Current %
<S>                 <C>              <C>            <C>              <C>
    Bankruptcy         218,860.00    0.01952376%       218,860.00    0.02088197%
         Fraud      33,629,796.00    3.00000001%    33,629,796.00    3.20870209%
Special Hazard      11,209,932.00    1.00000000%    10,480,809.71    1.00000000%
</TABLE>

Limit of subordinate's exposure to certain types of losses
<PAGE>
                              COLLATERAL STATEMENT

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

Weighted Average Gross Coupon                                          3.076046%
Weighted Average Net Coupon                                            2.698422%
Weighted Average Pass-Through Rate                                     2.698422%
Weighted Average Maturity (Stepdown Calculation)                             318

Beginning Scheduled Collateral Loan Count                                  3,045
Number of Loans Paid in Full                                                  45
Ending Scheduled Collateral Loan Count                                     3,000

Beginning Scheduled Collateral Balance                          1,065,184,657.89
Ending Scheduled Collateral Balance                             1,048,080,970.73
Ending Actual Collateral Balance at 31-July-2003                1,048,083,590.58

Monthly P&I Constant                                                2,730,463.73
Special Servicing Fee                                                       0.00
Prepayment Penalties                                                        0.00
Realization Loss Amount                                                     0.00
Cumulative Realized Loss                                                    0.00

Ending Scheduled Balance for Premium Loans                      1,048,080,970.73

Scheduled Principal                                                         0.00
Unscheduled Principal                                              17,103,687.16
</TABLE>

                            MISCELLANEOUS REPORTING

<TABLE>
<S>                                                               <C>
Principal Balance of 1-Month Libor Loans                          245,347,311.91
Principal Balance of 6-Month Libor Loans                          802,733,658.82
Pro Rata Senior Percentage                                            96.158685%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
Payment Received from Cap Provide                                              0
</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 2003-1
                           RECORD DATE: JULY 31, 2003
                       DISTRIBUTION DATE: AUGUST 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                    Certificate  Certificate       Beginning
                       Class     Pass-Through     Certificate     Interest
 Class     CUSIP    Description      Rate           Balance     Distribution
------------------------------------------------------------------------------
<S>      <C>        <C>          <C>            <C>             <C>
   1A    81743PAA4      SEN           1.48000%  763,242,934.51    941,332.95
   2A    81743PAB2      SEN           1.74000%  179,956,051.41    260,936.27
   X-1A  81743PAC0      IO            1.17618%            0.00    172,590.75
   X-1B  81743PAD8      IO            1.25245%            0.00    612,818.76
   X-2   81743PAE6      IO            1.00371%            0.00    150,520.31
   X-B   81743PAF3      IO            0.74040%            0.00      9,813.39
   A-R   81743PAG1       R            2.75784%            0.00          0.00
   B-1   81743PAH9      SUB           1.98000%   15,905,000.00     26,243.25
   B-2   81743PAJ5      SUB           2.72040%    8,210,000.00     18,612.07
   B-3   81743PAK2      SUB           2.72040%    5,644,000.00     12,794.95
   B-4   SEQ0301B4      SUB           2.72040%    2,565,000.00      5,814.86
   B-5   SEQ0301B5      SUB           2.72040%    1,539,000.00      3,488.91
   B-6   SEQ0301B6      SUB           2.72040%    4,105,618.00      9,307.44
------------------------------------------------------------------------------
Totals                                          981,167,603.92  2,224,273.91
------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                                           Ending                     Cumulative
           Principal       Current      Certificate        Total       Realized
 Class    Distribution  Realized Loss     Balance      Distribution      Loss
--------------------------------------------------------------------------------
<S>      <C>            <C>            <C>             <C>            <C>
   1A    12,101,016.54           0.00  751,141,917.97  13,042,349.49        0.00
   2A     1,885,292.94           0.00  178,070,758.47   2,146,229.21        0.00
   X-1A           0.00           0.00            0.00     172,590.75        0.00
   X-1B           0.00           0.00            0.00     612,818.76        0.00
   X-2            0.00           0.00            0.00     150,520.31        0.00
   X-B            0.00           0.00            0.00       9,813.39        0.00
   A-R            0.00           0.00            0.00           0.00        0.00
   B-1            0.00           0.00   15,905,000.00      26,243.25        0.00
   B-2            0.00           0.00    8,210,000.00      18,612.07        0.00
   B-3            0.00           0.00    5,644,000.00      12,794.95        0.00
   B-4            0.00           0.00    2,565,000.00       5,814.86        0.00
   B-5            0.00           0.00    1,539,000.00       3,488.91        0.00
   B-6            0.00           0.00    4,105,618.00       9,307.44        0.00
--------------------------------------------------------------------------------
Totals   13,986,309.48           0.00  967,181,294.44  16,210,583.39       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>
              Original       Beginning      Scheduled     Unscheduled
                Face        Certificate     Principal      Principal
Class          Amount         Balance      Distribution  Distribution   Accretion
-----------------------------------------------------------------------------------
<S>      <C>               <C>             <C>           <C>            <C>
    1A     798,206,000.00  763,242,934.51          0.00  12,101,016.54       0.00
    2A     190,000,000.00  179,956,051.41          0.00   1,885,292.94       0.00
   X-1A              0.00            0.00          0.00           0.00       0.00
   X-1B              0.00            0.00          0.00           0.00       0.00
   X-2               0.00            0.00          0.00           0.00       0.00
   X-B               0.00            0.00          0.00           0.00       0.00
   A-R             100.00            0.00          0.00           0.00       0.00
   B-1      15,905,000.00   15,905,000.00          0.00           0.00       0.00
   B-2       8,210,000.00    8,210,000.00          0.00           0.00       0.00
   B-3       5,644,000.00    5,644,000.00          0.00           0.00       0.00
   B-4       2,565,000.00    2,565,000.00          0.00           0.00       0.00
   B-5       1,539,000.00    1,539,000.00          0.00           0.00       0.00
   B-6       4,105,618.00    4,105,618.00          0.00           0.00       0.00
-----------------------------------------------------------------------------------
Totals   1,026,174,718.00  981,167,603.92          0.00  13,986,309.48       0.00
-----------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                       Total          Ending         Ending        Total
         Realized    Principal     Certificate    Certificate    Principal
Class    Loss (1)    Reduction       Balance       Percentage  Distribution
----------------------------------------------------------------------------
<S>      <C>       <C>            <C>             <C>          <C>
    1A       0.00  12,101,016.54  751,141,917.97   0.94103767  12,101,016.54
    2A       0.00   1,885,292.94  178,070,758.47   0.93721452   1,885,292.94
   X-1A      0.00           0.00            0.00   0.00000000           0.00
   X-1B      0.00           0.00            0.00   0.00000000           0.00
   X-2       0.00           0.00            0.00   0.00000000           0.00
   X-B       0.00           0.00            0.00   0.00000000           0.00
   A-R       0.00           0.00            0.00   0.00000000           0.00
   B-1       0.00           0.00   15,905,000.00   1.00000000           0.00
   B-2       0.00           0.00    8,210,000.00   1.00000000           0.00
   B-3       0.00           0.00    5,644,000.00   1.00000000           0.00
   B-4       0.00           0.00    2,565,000.00   1.00000000           0.00
   B-5       0.00           0.00    1,539,000.00   1.00000000           0.00
   B-6       0.00           0.00    4,105,618.00   1.00000000           0.00
----------------------------------------------------------------------------
Totals       0.00  13,986,309.48  967,181,294.44   0.94251133  13,986,309.48
----------------------------------------------------------------------------
</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>
              Original       Beginning      Scheduled     Unscheduled
                Face        Certificate     Principal      Principal
Class          Amount         Balance      Distribution  Distribution   Accretion
----------------------------------------------------------------------------------
<S>      <C>               <C>             <C>           <C>            <C>

    1A     798,206,000.00    956.19794202    0.00000000    15.16026758  0.00000000
    2A     190,000,000.00    947.13711268    0.00000000     9.92259442  0.00000000
   X-1A              0.00      0.00000000    0.00000000     0.00000000  0.00000000
   X-1B              0.00      0.00000000    0.00000000     0.00000000  0.00000000
   X-2               0.00      0.00000000    0.00000000     0.00000000  0.00000000
   X-B               0.00      0.00000000    0.00000000     0.00000000  0.00000000
   A-R             100.00      0.00000000    0.00000000     0.00000000  0.00000000
   B-1      15,905,000.00   1000.00000000    0.00000000     0.00000000  0.00000000
   B-2       8,210,000.00   1000.00000000    0.00000000     0.00000000  0.00000000
   B-3       5,644,000.00   1000.00000000    0.00000000     0.00000000  0.00000000
   B-4       2,565,000.00   1000.00000000    0.00000000     0.00000000  0.00000000
   B-5       1,539,000.00   1000.00000000    0.00000000     0.00000000  0.00000000
   B-6       4,105,618.00   1000.00000000    0.00000000     0.00000000  0.00000000
</TABLE>

<TABLE>
<CAPTION>
                        Total         Ending        Ending        Total
          Realized    Principal    Certificate   Certificate    Principal
Class     Loss (3)    Reduction      Balance      Percentage   Distribution
----------------------------------------------------------------------------
<S>      <C>         <C>          <C>            <C>           <C>

    1A   0.00000000  15.16026758   941.03767445    0.94103767    15.16026758
    2A   0.00000000   9.92259442   937.21451826    0.93721452     9.92259442
   X-1A  0.00000000   0.00000000     0.00000000    0.00000000     0.00000000
   X-1B  0.00000000   0.00000000     0.00000000    0.00000000     0.00000000
   X-2   0.00000000   0.00000000     0.00000000    0.00000000     0.00000000
   X-B   0.00000000   0.00000000     0.00000000    0.00000000     0.00000000
   A-R   0.00000000   0.00000000     0.00000000    0.00000000     0.00000000
   B-1   0.00000000   0.00000000  1000.00000000    1.00000000     0.00000000
   B-2   0.00000000   0.00000000  1000.00000000    1.00000000     0.00000000
   B-3   0.00000000   0.00000000  1000.00000000    1.00000000     0.00000000
   B-4   0.00000000   0.00000000  1000.00000000    1.00000000     0.00000000
   B-5   0.00000000   0.00000000  1000.00000000    1.00000000     0.00000000
   B-6   0.00000000   0.00000000  1000.00000000    1.00000000     0.00000000
</TABLE>

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

<TABLE>
<CAPTION>
                                                                         Payment
                                            Beginning                      of
               Original       Current      Certificate/     Current       Unpaid
                Face        Certificate      Notional       Accrued      Interest
   Class       Amount           Rate         Balance        Interest    Shortfall
-----------------------------------------------------------------------------------
<S>       <C>               <C>           <C>             <C>           <C>
    1A      798,206,000.00      1.48000%  763,242,934.51    941,332.95       0.00
    2A      190,000,000.00      1.74000%  179,956,051.41    260,936.27       0.00
   X-1A               0.00      1.17618%  176,085,421.66    172,590.75       0.00
   X-1B               0.00      1.25245%  587,157,513.84    612,818.76       0.00
    X-2               0.00      1.00371%  179,956,051.41    150,520.31       0.00
    X-B               0.00      0.74040%   15,905,000.00      9,813.39       0.00
    A-R             100.00      2.75784%            0.00          0.00       0.00
    B-1      15,905,000.00      1.98000%   15,905,000.00     26,243.25       0.00
    B-2       8,210,000.00      2.72040%    8,210,000.00     18,612.07       0.00
    B-3       5,644,000.00      2.72040%    5,644,000.00     12,794.95       0.00
    B-4       2,565,000.00      2.72040%    2,565,000.00      5,814.86       0.00
    B-5       1,539,000.00      2.72040%    1,539,000.00      3,488.91       0.00
    B-6       4,105,618.00      2.72040%    4,105,618.00      9,307.44       0.00
  Totals  1,026,174,718.00                                2,224,273.91       0.00
</TABLE>

<TABLE>
<CAPTION>

                       Non-                              Remaining      Ending
           Current   Supported                 Total      Unpaid     Certificate/
          Interest    Interest   Realized    Interest    Interest     Notational
   Class  Shortfall  Shortfall   Loss (4)  Distribution  Shortfall     Balance
----------------------------------------------------------------------------------
<S>       <C>        <C>         <C>       <C>           <C>        <C>
    1A         0.00       0.00       0.00    941,332.95       0.00  751,141,917.97
    2A         0.00       0.00       0.00    260,936.27       0.00  178,070,758.47
   X-1A        0.00       0.00       0.00    172,590.75       0.00  171,166,750.16
   X-1B        0.00       0.00       0.00    612,818.76       0.00  579,975,168.80
    X-2        0.00       0.00       0.00    150,520.31       0.00  178,070,758.47
    X-B        0.00       0.00       0.00      9,813.39       0.00   15,905,000.00
    A-R        0.00       0.00       0.00          0.00       0.00            0.00
    B-1        0.00       0.00       0.00     26,243.25       0.00   15,905,000.00
    B-2        0.00       0.00       0.00     18,612.07       0.00    8,210,000.00
    B-3        0.00       0.00       0.00     12,794.95       0.00    5,644,000.00
    B-4        0.00       0.00       0.00      5,814.86       0.00    2,565,000.00
    B-5        0.00       0.00       0.00      3,488.91       0.00    1,539,000.00
    B-6        0.00       0.00       0.00      9,307.44       0.00    4,105,618.00
  Totals       0.00       0.00       0.00  2,224,273.91       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
                                            Beginning                      of
               Original       Current      Certificate/     Current       Unpaid
                Face        Certificate      Notional       Accrued      Interest
Class(5)       Amount           Rate         Balance        Interest    Shortfall
----------------------------------------------------------------------------------
<S>       <C>               <C>           <C>             <C>           <C>
    1A      798,206,000.00      1.48000%    956.19794202    1.17931079  0.00000000
    2A      190,000,000.00      1.74000%    947.13711268    1.37334879  0.00000000
   X-1A               0.00      1.17618%    961.27963965    0.94220165  0.00000000
   X-1B               0.00      1.25245%    954,68442528    0.99640814  0.00000000
    X-2               0.00      1.00371%    947.13711268    0.79221216  0.00000000
    X-B               0.00      0.74040%   1000.00000000    0.61700031  0.00000000
    A-R             100.00      2.75784%      0.00000000    0.00000000  0.00000000
    B-1      15,905,000.00      1.98000%   1000.00000000    1.65000000  0.00000000
    B-2       8,210,000.00      2.72040%   1000.00000000    2.26700000  0.00000000
    B-3       5,644,000.00      2.72040%   1000.00000000    2.26700035  0.00000000
    B-4       2,565,000.00      2.72040%   1000.00000000    2.26700195  0.00000000
    B-5       1,539,000.00      2.72040%   1000.00000000    2.26699805  0.00000000
    B-6       4,105,618.00      2.72040%   1000.00000000    2.26700097  0.00000000
</TABLE>

<TABLE>
<CAPTION>

                        Non-                                Remaining      Ending
           Current     Supported                 Total      Unpaid      Certificate/
          Interest     Interest   Realized      Interest    Interest     Notational
Class(5)  Shortfall    Shortfall   Loss (6)   Distribution  Shortfall     Balance
-------------------------------------------------------------------------------------
<S>       <C>         <C>         <C>         <C>           <C>         <C>
    1A    0.00000000  0.00000000  0.00000000    1.17931079  0.00000000   941.03767445
    2A    0.00000000  0.00000000  0.00000000    1.37334879  0.00000000   937.21451826
   X-1A   0.00000000  0.00000000  0.00000000    0.94220165  0.00000000   934.42779285
   X-1B   0.00000000  0.00000000  0.00000000    0.99640814  0.00000000   943.00634438
    X-2   0.00000000  0.00000000  0.00000000    0.79221216  0.00000000   937.21451826
    X-B   0.00000000  0.00000000  0.00000000    0.61700031  0.00000000  1000.00000000
    A-R   0.00000000  0.00000000  0.00000000    0.00000000  0.00000000    0.000000000
    B-1   0.00000000  0.00000000  0.00000000    1.65000000  0.00000000  1000.00000000
    B-2   0.00000000  0.00000000  0.00000000    2.26700000  0.00000000  1000.00000000
    B-3   0.00000000  0.00000000  0.00000000    2.26700035  0.00000000  1000.00000000
    B-4   0.00000000  0.00000000  0.00000000    2.26700195  0.00000000  1000.00000000
    B-5   0.00000000  0.00000000  0.00000000    2.26699805  0.00000000  1000.00000000
    B-6   0.00000000  0.00000000  0.00000000    2.26700097  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                      16,527,565.21
           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                                                     16,527,565.21

Withdrawals

           Reimbursement for Servicer Advances                              0.00
           Payment of Service Fee                                     316,981.82
           Payment of Interest and Principal                       16,210,583.39
                                                                   -------------
Total Withdrawals (Pool Distribution Amount)                       16,527,565.21

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                                                   308,805.43
Master Servicing Fee                                                    8,176.39
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                   -------------
Net Servicing Fee                                                     316,981.82
                                                                   =============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                     Beginning     Current      Current     Ending
           Account Type               Balance    Withdrawals   Deposits    Balance
-----------------------------------------------------------------------------------
<S>                                  <C>         <C>           <C>        <C>
Class X-1 Reserve Fund Sub Account    5,000.00          0.00       0.00   5,000.00
Class X-2 Reserve Fund Sub Account    2,500.00          0.00       0.00   2,500.00
Class X-B Reserve Fund Sub Account    2,500.00          0.00       0.00   2,500.00
</TABLE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
<TABLE>
<CAPTION>

            DELINQUENT
-------------------------------------
             No. of     Principal
              Loans      Balance

<S>         <C>         <C>
0-29 Days       0          0.00
30 Days         0          0.00
60 Days         0          0.00
90 Days         0          0.00
120 Days        0          0.00
150 Days        0          0.00
180+ Days       0          0.00
            ---------------------
                0          0.00

             No. of     Principal
              Loans      Balance

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

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

<S>          <C>         <C>
0-29 Days        0          0.00
30 Days          0          0.00
60 Days          0          0.00
90 Days          0          0.00
120 Days         0          0.00
150 Days         0          0.00
180+ Days        0          0.00
            ---------------------
                 0          0.00

              No. of     Principal
              Loans       Balance

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

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

<S>         <C>         <C>
0-29 Days       0           0.00
30 Days         0           0.00
60 Days         0           0.00
90 Days         0           0.00
120 Days        0           0.00
150 Days        0           0.00
180+ Days       0           0.00
           ---------------------
                0           0.00

              No. of     Principal
              Loans       Balance

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

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

<S>         <C>         <C>
0-29 Days       0          0.00
30 Days         0          0.00
60 Days         0          0.00
90 Days         0          0.00
120 Days        0          0.00
150 Days        0          0.00
180+ Days       0          0.00
          ---------------------
                0          0.00

               No. of     Principal
                Loans      Balance

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

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

<S>         <C>         <C>
0-29 Days       0         0.00
30 Days         0         0.00
60 Days         0         0.00
90 Days         0         0.00
120 Days        0         0.00
150 Days        0         0.00
180+ Days       0         0.00
          ---------------------
                0         0.00

               No. of     Principal
               Loans       Balance

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

Current Period Class A Insufficient Funds:                    0.00
Principal Balance of Contaminated Properties                  0.00
Periodic Advance                                              0.00
<PAGE>
<TABLE>
<CAPTION>
              Original $        Original%       Current $       Current %    Current Class %    Prepayment %
            ----------------   -----------   --------------   ------------   ---------------   -------------
<S>         <C>                <C>           <C>              <C>            <C>               <C>
Class A     1,026,174,618.00   99.99999026%  967,181,294.44   100.00000000%        96.074302%       0.000000%
Class 1A      227,968,618.00   22.21538048%  216,039,376.47    22.33700938%        77.662991%   1,978.323040%
Class 2A       37,968,618.00    3.70001495%   37,968,618.00     3.92569813%        18.411311%     468.994575%
Class X-2      37,968,618.00    3.70001495%   37,968,618.00     3.92569813%         0.000000%       0.000000%
Class B-1      22,063,618.00    2.15008396%   22,063,618.00     2.28122878%         1.644469%      41.889858%
Class B-2      13,853,618.00    1.35002527%   13,853,618.00     1.43237034%         0.848858%      21.623120%
Class B-3       8,209,618.00    0.80002146%    8,209,618.00     0.84881894%         0.583551%      14.864908%
Class B-4       5,644,618.00    0.55006403%    5,644,618.00     0.58361530%         0.265204%       6.755579%
Class B-5       4,105,618.00    0.40008957%    4,105,618.00     0.42449311%         0.159122%       4.053347%
Class B-6               0.00    0.00000000%            0.00     0.00000000%         0.424493%      10.813188%
</TABLE>

Please refer to the prospectus supplement for a full description of loss
exposure
<PAGE>
                           DELINQUENCY STATUS BY GROUP

                                     POOL 1

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

               No. of     Principal
                Loans      Balance

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

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

                No. of    Principal
                Loans      Balance

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

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

                No. of     Principal
                Loans       Balance

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

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

               No. of     Principal
               Loans       Balance

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

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

               No. of     Principal
               Loans       Balance

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

                                     POOL 2

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

               No. of     Principal
               Loans       Balance

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

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

               No. of     Principal
               Loans       Balance

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

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

              No. of     Principal
              Loans       Balance

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

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

              No. of      Principal
               Loans       Balance

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

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

               No. of     Principal
               Loans       Balance

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

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

Weighted Average Gross Coupon                                          3.108039%
Weighted Average Net Coupon                                            2.730360%
Weighted Average Pass-Through Rate                                     2.720360%
Weighted Average Maturity (Stepdown Calculation)                             321

Beginning Scheduled Collateral Loan Count                                  2,761
Number of Loans Paid in Full                                                  22
Ending Scheduled Collateral Loan Count                                     2,739

Beginning Scheduled Collateral Balance                            981,167,603.92
Ending Scheduled Collateral Balance                               967,181,294.44
Ending Actual Collateral Balance at 31-July-2003                  967,183,378.24

Monthly P&I Constant                                                2,541,255.74
Special Servicing Fee                                                       0.00
Prepayment Penalties                                                        0.00
Realization Loss Amount                                                     0.00
Cumulative Realized Loss                                                    0.00

Class A Optimal Amount                                             16,124,508.53

Ending Scheduled Balance for Premium Loans                        967,181,294.44

Scheduled Principal                                                         0.00
Unscheduled Principal                                              13,986,309.48
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                     <C>                                       <C>
Cap Agreement Deposit - 1 month Libor Loan                        0
Cap Agreement Deposit - 6 month Libor Loan                        0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                    GROUP                1                  2                TOTAL

<S>                                <C>                <C>                <C>
                                                        6 Month
Collateral Description                 Mixed ARM        LIBOR ARM           Mixed ARM
Weighted Average Coupon Rate             3.103162           3.128714           3.108039
Weighted Average Net Rate                2.724851           2.753714           2.730360
Pass-Through Rate                        2.714851           2.743714           2.720360
Weighted Average Maturity                     319                327                321
Record Date                            07/31/2003         07/31/2003         07/31/2003
Principal and Interest Constant      2,053,030.66         488,225.08       2,541,255.74
Beginning Loan Count                        2,205                556              2,761
Loans Paid in Full                             18                  4                 22
Ending Loan Count                           2,187                552              2,739
Beginning Scheduled Balance        793,911,710.51     187,255,893.41     981,167,603.92
Ending Scheduled Balance           781,810,693.97     185,370,600.47     967,181,294.44
Scheduled Principal                          0.00               0.00               0.00
Unscheduled Principal               12,101,016.54       1,885,292.94      13,986,309.48
Scheduled Interest                   2,053,030.66         488,255.08       2,541,255.74
Servicing Fee                          250,287.97          58,517.46         308,805.43
Master Servicing Fee                     6,615.92           1,560.47           8,176.39
Trustee Fee                                  0.00               0.00               0.00
FRY Amount                                   0.00               0.00               0.00
Special Hazard Fee                           0.00               0.00               0.00
Other Fee                                    0.00               0.00               0.00
Pool Insurance Fee                           0.00               0.00               0.00
Spread 1                                     0.00               0.00               0.00
Spread 2                                     0.00               0.00               0.00
Spread 3                                     0.00               0.00               0.00
Net Interest                         1,796,126.77         428,147.15       2,224,273.92
Realized Loss Amount                         0.00               0.00               0.00
Cumulative Realized Loss                     0.00               0.00               0.00
Percentage of Cumulative Losses              0.00               0.00               0.00
Prepayment Penalties                         0.00               0.00               0.00
Special Servicing Fee                        0.00               0.00               0.00
</TABLE>
<PAGE>
                                  MISCELLANEOUS REPORTING

<TABLE>
<S>                                                              <C>
Group Pool 1

One Month Libor Loan Balance                                     178,155,408.92
Six Month Libor Loan Balance                                     603,655,285.05
Senior Percent                                                       100.000000%
Senior Prepayment Percent                                            100.000000%
Subordinate Percent                                                    0.000000%
Subordinate Prepayment Percent                                         0.000000%

Group Pool 2

Six Month Libor Loan Balance                                     185,370,600.47
Senior Percent                                                       100.000000%
Senior Prepayment Percent                                            100.000000%
Subordinate Percent                                                    0.000000%
Subordinate Prepayment Percent                                         0.000000%
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}]]