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 2003-3
                           RECORD DATE: JUNE 30, 2003
                        DISTRIBUTION DATE: JULY 21, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                                                   Certificate
                              Certificate             Pass-         Beginning
                                 Class               Through      Certificate         Interest
   Class          CUSIP       Description             Rate          Balance         Distribution
   -----          -----       -----------             ----          -------         ------------
<S>             <C>           <C>                  <C>           <C>               <C>
    A-1         81743PAT3         SEN               1.35750%     379,455,000.00      343,406.78
    A-2         81743PAU0         SEN               1.34000%     149,922,000.00      133,930.32
   X-1A         81743PAV8          IO               1.52988%               0.00      128,550.18
   X-1B         81743PAW6          IO               1.67521%               0.00      388,959.32
    X-2         81743PAX4          IO               1.67984%               0.00      209,870.91
    X-B         81743PAY2          IO               1.38887%               0.00       10,503.35
    A-R         81743PBA3          R                2.72259%             100.00            0.23
    B-1         81743PBB1         SUB               1.67750%       9,075,000.00       10,148.88
    B-2         81743PBC9         SUB               2.73087%       4,675,000.00       10,639.03
    B-3         81743PBD7         SUB               2.73087%       2,475,000.00        5,632.43
    B-4         81743PBE5         SUB               2.73087%       1,650,000.00        3,754.95
    B-5         81743PBF2         SUB               2.73087%         825,000.00        1,877.48
    B-6         81743PBG0         SUB               2.73087%       1,925,608.17        4,382.16
    ---         ---------         ---               --------     --------------      ----------
Totals                                                           550,002,708.17    1,251,656.02
</TABLE>

<TABLE>
<CAPTION>

                                       Current       Ending
                 Principal            Realized    Certificate           Total             Cumulative
   Class        Distribution            Loss         Balance         Distribution        Realized Loss
   -----        ------------            ----         -------         ------------        -------------
<S>             <C>                   <C>        <C>                 <C>                 <C>
    A-1         1,668,258.32            0.00     377,786,741.68      2,011,665.10             0.00
    A-2           171,464.17            0.00     149,750,535.83        305,394.49             0.00
   X-1A                 0.00            0.00               0.00        128,550.18             0.00
   X-1B                 0.00            0.00               0.00        388,959.32             0.00
    X-2                 0.00            0.00               0.00        209,870.91             0.00
    X-B                 0.00            0.00               0.00         10,503.35             0.00
    A-R               100.00            0.00               0.00            100.23             0.00
    B-1                 0.00            0.00       9,075,000.00         10,148.88             0.00
    B-2                 0.00            0.00       4,675,000.00         10,639.03             0.00
    B-3                 0.00            0.00       2,475,000.00          5,632.43             0.00
    B-4                 0.00            0.00       1,650,000.00          3,754.95             0.00
    B-5                 0.00            0.00         825,000.00          1,877.48             0.00
    B-6                 0.00            0.00       1,925,608.17          4,382.16             0.00
    ---         ------------            ----     --------------      ------------             ----
Totals          1,839,822.49            0.00     548,162,885.68      3,091,478.51             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>
                  Original          Beginning           Scheduled    Unscheduled
                    Face           Certificate          Principal     Principal
   Class           Amount            Balance           Distribution  Distribution     Accretion
   -----           ------            -------           ------------  ------------     ---------
<S>            <C>                <C>                  <C>           <C>              <C>
    A-1        379,455,000.00     379,455,000.00           0.00      1,668,258.32        0.00
    A-2        149,922,000.00     149,922,000.00           0.00        171,464.17        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             100.00           0.00            100.00        0.00
    B-1          9,075,000.00       9,075,000.00           0.00              0.00        0.00
    B-2          4,675,000.00       4,675,000.00           0.00              0.00        0.00
    B-3          2,475,000.00       2,475,000.00           0.00              0.00        0.00
    B-4          1,650,000.00       1,650,000.00           0.00              0.00        0.00
    B-5            825,000.00         825,000.00           0.00              0.00        0.00
    B-6          1,925,608.17       1,925,608.17           0.00              0.00        0.00
    ---        --------------     --------------           ----      ------------        ----
Totals         550,002,708.17     550,002,708.17           0.00      1,839,822.49        0.00
</TABLE>

<TABLE>
<CAPTION>
                                                 Ending                Ending            Total
               Realized   Total Principal     Certificate            Certificate       Principal
   Class        Loss (1)    Reduction           Balance              Percentage       Distribution
   -----        --------    ---------           -------              ----------       ------------
<S>            <C>        <C>                <C>                     <C>              <C>
    A-1           0.00     1,668,258.32      377,786,741.68          0.99560354       1,668,258.32
    A-2           0.00       171,464.17      149,750,535.83          0.99885631         171,464.17
   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           100.00                0.00          0.00000000             100.00
    B-1           0.00             0.00        9,075,000.00          1.00000000               0.00
    B-2           0.00             0.00        4,675,000.00          1.00000000               0.00
    B-3           0.00             0.00        2,475,000.00          1.00000000               0.00
    B-4           0.00             0.00        1,650,000.00          1.00000000               0.00
    B-5           0.00             0.00          825,000.00          1.00000000               0.00
    B-6           0.00             0.00        1,925,608.17          1.00000000               0.00
    ---           ----     ------------      --------------          ----------       ------------
Totals            0.00     1,839,822.49      548,162,885.68          0.99665488       1,839,822.49
</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>
    A-1       379,455,000.00     1000.00000000    0.00000000       4.39645892    0.00000000
    A-2       149,922,000.00     1000.00000000    0.00000000       1.14368919    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     1000.00000000    0.00000000    1000.00000000    0.00000000
    B-1         9,075,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-2         4,675,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-3         2,475,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-4         1,650,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-5           825,000.00     1000.00000000    0.00000000       0.00000000    0.00000000
    B-6         1,925,608.17     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>
    A-1       0.00000000       4.39645892        995.60354108          0.99560354         4.39645892
    A-2       0.00000000       1.14368919        998.85631081          0.99885631         1.14368919
   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    1000.00000000          0.00000000          0.00000000      1000.00000000
    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>
   A-1         379,455,000.00         1.35750%   379,455,000.00     343,406.78          0.00
   A-2         149,922,000.00         1.34000%   149,922,000.00     133,930.32          0.00
  X-1A                   0.00         1.52988%   100,831,616.14     128,550.18          0.00
  X-1B                   0.00         1.67521%   278,623,383.86     388,959.32          0.00
   X-2                   0.00         1.67984%   149,922,000.00     209,870.91          0.00
   X-B                   0.00         1.38887%     9,075,000.00      10,503.35          0.00
   A-R                 100.00         2.72259%           100.00           0.23          0.00
   B-1           9,075,000.00         1.67750%     9,075,000.00      10,148.88          0.00
   B-2           4,675,000.00         2.73087%     4,675,000.00      10,639.03          0.00
   B-3           2,475,000.00         2.73087%     2,475,000.00       5,632.43          0.00
   B-4           1,650,000.00         2.73087%     1,650,000.00       3,754.95          0.00
   B-5             825,000.00         2.73087%       825,000.00       1,877.48          0.00
   B-6           1,925,608.17         2.73087%     1,925,608.17       4,382.16          0.00
   ---         --------------         --------   --------------   ------------          ----
 Totals        550,002,708.17                                     1,251,656.02          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>
   A-1            0.00         0.00         0.00       343,406.78          0.00     377,786,741.68
   A-2            0.00         0.00         0.00       133,930.32          0.00     149,750,535.83
  X-1A            0.00         0.00         0.00       128,550.18          0.00      99,830,927.51
  X-1B            0.00         0.00         0.00       388,959.32          0.00     277,955,814.17
   X-2            0.00         0.00         0.00       209,870.91          0.00     149,750,535.83
   X-B            0.00         0.00         0.00        10,503.35          0.00       9,075,000.00
   A-R            0.00         0.00         0.00             0.23          0.00               0.00
   B-1            0.00         0.00         0.00        10,148.88          0.00       9,075,000.00
   B-2            0.00         0.00         0.00        10,639.03          0.00       4,675,000.00
   B-3            0.00         0.00         0.00         5,632.43          0.00       2,475,000.00
   B-4            0.00         0.00         0.00         3,754.95          0.00       1,650,000.00
   B-5            0.00         0.00         0.00         1,877.48          0.00         825,000.00
   B-6            0.00         0.00         0.00         4,382.16          0.00       1,925,608.17
   ---            ----         ----         ----       ----------          ----     --------------
 Totals           0.00         0.00         0.00     1,251,656.02          0.00
</TABLE>

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

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                              Beginning                         Payment of
                Original       Current      Certificate/          Current         Unpaid
                  Face        Certificate     Notional            Accrued        Interest
Class (5)        Amount          Rate         Balance             Interest      Shortfall
---------        ------          ----         -------             --------      ---------
<S>          <C>              <C>           <C>                  <C>            <C>
   A-1       379,455,000.00    1.35750%     1000.00000000        0.90500001     0.00000000
   A-2       149,922,000.00    1.34000%     1000.00000000        0.89333333     0.00000000
  X-1A                 0.00    1.52988%     1000.00000000        1.27489953     0.00000000
  X-1B                 0.00    1.67521%     1000.00000000        1.39600386     0.00000000
   X-2                 0.00    1.67984%     1000.00000000        1.39986733     0.00000000
   X-B                 0.00    1.38887%     1000.00000000        1.15739394     0.00000000
   A-R               100.00    2.72259%     1000.00000000        2.30000000     0.00000000
   B-1         9,075,000.00    1.67750%     1000.00000000        1.11833388     0.00000000
   B-2         4,675,000.00    2.73087%     1000.00000000        2.27572834     0.00000000
   B-3         2,475,000.00    2.73087%     1000.00000000        2.27572929     0.00000000
   B-4         1,650,000.00    2.73087%     1000.00000000        2.27572727     0.00000000
   B-5           825,000.00    2.73087%     1000.00000000        2.27573333     0.00000000
   B-6         1,925,608.17    2.73087%     1000.00000000        2.27572778     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>
   A-1       0.00000000    0.00000000     0.00000000       0.90500001    0.00000000     995.60354108
   A-2       0.00000000    0.00000000     0.00000000       0.89333333    0.00000000     998.85631081
  X-1A       0.00000000    0.00000000     0.00000000       1.27489953    0.00000000     990.07564623
  X-1B       0.00000000    0.00000000     0.00000000       1.39600386    0.00000000     997.60404285
   X-2       0.00000000    0.00000000     0.00000000       1.39986733    0.00000000     998.85631081
   X-B       0.00000000    0.00000000     0.00000000       1.15739394    0.00000000    1000.00000000
   A-R       0.00000000    0.00000000     0.00000000       2.30000000    0.00000000       0.00000000
   B-1       0.00000000    0.00000000     0.00000000       1.11833388    0.00000000    1000.00000000
   B-2       0.00000000    0.00000000     0.00000000       2.27572834    0.00000000    1000.00000000
   B-3       0.00000000    0.00000000     0.00000000       2.27572929    0.00000000    1000.00000000
   B-4       0.00000000    0.00000000     0.00000000       2.27572727    0.00000000    1000.00000000
   B-5       0.00000000    0.00000000     0.00000000       2.27573333    0.00000000    1000.00000000
   B-6       0.00000000    0.00000000     0.00000000       2.27572778    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                                        3,264,168.71
         Liquidations, Insurance Proceeds, Reserve Funds                                   0.00
         Proceeds from Repurchased Loans                                                   0.00
         Other Amounts (Servicer Advances)                                             4,235.11
         Realized Losses (Gains, Subsequent Expenses & Recoveries)                         0.00
         Prepayment Penalties                                                              0.00
                                                                                   ------------
Total Deposits                                                                     3,268,403.82
Withdrawals
         Reimbursement for Servicer Advances                                               0.00
         Payment of Service Fee                                                      176,925.33
         Payment of Interest and Principal                                         3,091,478.49
                                                                                   ------------
Total Withdrawals (Pool Distribution Amount)                                       3,268,403.82
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                                                    172,341.98
Master Servicing Fee                                                     4,583.35
Supported Prepayment/Curtailment Interest Shortfall                          0.00
                                                                       ----------
Net Servicing Fee                                                      176,925.33
                                                                       ==========
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                 Beginning          Current          Current       Ending
                Account Type                      Balance         Withdrawals       Deposits       Balance
                ------------                      -------         -----------       --------       -------
<S>                                              <C>              <C>               <C>            <C>
                Reserve Fund                     5,000.00               0.00           0.00        5,000.00
                Reserve Fund                     2,500.00               0.00           0.00        2,500.00
                Reserve Fund                     2,500.00               0.00           0.00        2,500.00
</TABLE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
<TABLE>
<CAPTION>
                      DELINQUENT                               BANKRUPTCY                            FORECLOSURE
                      ----------                               ----------                            -----------
                  No. of      Principal                    No. of     Principal                   No. of     Principal
                  Loans        Balance                     Loans       Balance                    Loans       Balance
                  -----        -------                     -----       -------                    -----       -------
<S>               <C>     <C>                <C>           <C>        <C>           <C>           <C>        <C>
0-29 Days            0            0.00       0-29 Days        0         0.00        0-29 Days       0           0.00
  30 Days            3    1,763,047.11         30 Days        0         0.00          30 Days       0           0.00
  60 Days            0            0.00         60 Days        0         0.00          60 Days       0           0.00
  90 Days            0            0.00         90 Days        0         0.00          90 Days       0           0.00
 120 Days            0            0.00        120 Days        0         0.00         120 Days       0           0.00
 150 Days            0            0.00        150 Days        0         0.00         150 Days       0           0.00
180+ Days            0            0.00       180+ Days        0         0.00        180+ Days       0           0.00
                     -    ------------                        -         ----                        -           ----
                     3    1,763,047.11                        0         0.00                        0           0.00

</TABLE>

<TABLE>
<CAPTION>
                  No. of      Principal                    No. of     Principal                   No. of     Principal
                  Loans        Balance                     Loans       Balance                    Loans       Balance
                  -----        -------                     -----       -------                    -----       -------
<S>              <C>          <C>            <C>          <C>         <C>           <C>          <C>         <C>
0-29 Days        0.000000%      0.000000%    0-29 Days    0.000000%    0.000000%    0-29 Days    0.000000%    0.000000%
  30 Days        0.189274%      0.321628%      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%
                 --------       --------                  --------     --------                  --------     --------
                 0.189274%      0.321628%                 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        3    1,763,047.11
  60 Days            0            0.00         60 Days        0            0.00
  90 Days            0            0.00         90 Days        0            0.00
 120 Days            0            0.00        120 Days        0            0.00
 150 Days            0            0.00        150 Days        0            0.00
180+ Days            0            0.00       180+ Days        0            0.00
                     -            ----                        -    ------------
                     0            0.00                        3    1,763,047.11
</TABLE>

<TABLE>
<CAPTION>
                  No. of      Principal                    No. of     Principal
                  Loans        Balance                     Loans       Balance
                  -----        -------                     -----       -------
<S>               <C>         <C>            <C>           <C>        <C>
0-29 Days        0.000000%      0.000000%    0-29 Days    0.000000%     0.000000%
  30 Days        0.000000%      0.000000%      30 Days    0.189274%     0.321628%
  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%                 0.189274%     0.321628%
</TABLE>

Current Period Class A Insufficient Funds:                                  0.00
Principal Balance of Contaminated Properties                                0.00
Periodic Advance                                                        4,235.11
<PAGE>
           Subordinated Level/Credit Enhancement/Class Percentage and
                             Prepayment Percentage

<TABLE>
<CAPTION>
                    Original $            Original %      Current $        Current %       Current Class %     Prepayment %
                    ----------            ----------      ---------        ---------       ---------------     ------------
<S>                <C>                   <C>             <C>              <C>                 <C>                <C>
       Class A     20,625,608.17         3.75009211%     20,625,608.17    3.76267871%         96.237321%         0.000000%
      Class X-2    20,625,608.17         3.75009211%     20,625,608.17    3.76267871%          0.000000%         0.000000%
      Class B-1    11,550,608.17         2.10010024%     11,550,608.17    2.10714889%          1.655530%        43.998703%
      Class B-2     6,875,608.17         1.25010442%      6,875,608.17    1.25430020%          0.852849%        22.665998%
      Class B-3     4,400,608.17         0.80010664%      4,400,608.17    0.80279207%          0.451508%        11.999646%
      Class B-4     2,750,608.17         0.50010811%      2,750,608.17    0.50178665%          0.301005%         7.999764%
      Class B-5     1,925,608.17         0.35010885%      1,925,608.17    0.35128394%          0.150503%         3.999882%
      Class B-6             0.00         0.00000000%              0.00    0.00000000%          0.351284%         9.336007%
</TABLE>

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

                                     GROUP 1

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

<S>              <C>       <C>                <C>           <C>         <C>       <C>           <C>         <C>
0-29 Days           0              0.00       0-29 Days        0         0.00     0-29 Days        0          0.00
30 Days             2      1,464,047.11       30 Days          0         0.00     30 Days          0          0.00
60 Days             0              0.00       60 Days          0         0.00     60 Days          0          0.00
90 Days             0              0.00       90 Days          0         0.00     90 Days          0          0.00
120 Days            0              0.00       120 Days         0         0.00     120 Days         0          0.00
150 Days            0              0.00       150 Days         0         0.00     150 Days         0          0.00
180+ Days           0              0.00       180+ Days        0         0.00     180+ Days        0          0.00
                    -      ------------                        -         ----                      -          ----
                    2      1,464,047.11                        0         0.00                      0          0.00
</TABLE>
<TABLE>
<CAPTION>
                 No. of          Principal                  No. of     Principal                No. of      Principal
                 Loans            Balance                   Loans       Balance                 Loans        Balance
                 -----            -------                   -----       -------                 -----        -------
<S>              <C>            <C>           <C>          <C>         <C>        <C>          <C>         <C>
0-29 Days        0.000000%      0.000000%     0-29 Days    0.000000%   0.000000%  0-29 Days    0.000000%   0.000000%
30 Days          0.177778%      0.372938%     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%
                 --------       --------                   --------    --------                --------    --------
                 0.177778%      0.372938%                  0.000000%   0.000000%               0.000000%   0.000000%
</TABLE>

<TABLE>
<CAPTION>
                       REO                                TOTAL
                       ---                                -----
                 No. of    Principal                No. of         Principal
                 Loans      Balance                 Loans           Balance
                 -----      -------                 -----           -------
<S>              <C>       <C>         <C>          <C>       <C>
  0-29 Days         0        0.00      0-29 Days       0              0.00
  30 Days           0        0.00      30 Days         2      1,464,047.11
  60 Days           0        0.00      60 Days         0              0.00
  90 Days           0        0.00      90 Days         0              0.00
  120 Days          0        0.00      120 Days        0              0.00
  150 Days          0        0.00      150 Days        0              0.00
  180+ Days         0        0.00      180+ Days       0              0.00
                    -        ----                      -      ------------
                    0        0.00                      2      1,464,047.11
</TABLE>
<TABLE>
<CAPTION>
                 No. of    Principal                No. of         Principal
                 Loans      Balance                 Loans           Balance
                 -----      -------                 -----           -------
<S>             <C>        <C>         <C>          <C>           <C>
  0-29 Days     0.000000%   0.000000%  0-29 Days    0.000000%     0.000000%
  30 Days       0.000000%   0.000000%  30 Days      0.177778%     0.372938%
  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%               0.177778%     0.372938%
</TABLE>

                                     GROUP 2

<TABLE>
<CAPTION>
                       DELINQUENT                               BANKRUPTCY                          FORECLOSURE

                 No. of          Principal                  No. of     Principal                No. of      Principal
                 Loans            Balance                   Loans       Balance                 Loans        Balance
                 -----            -------                   -----       -------                 -----        -------
<S>              <C>         <C>              <C>           <C>        <C>        <C>           <C>          <C>
0-29 Days           0              0.00       0-29 Days        0         0.00     0-29 Days        0          0.00
30 Days             1        299,000.00       30 Days          0         0.00     30 Days          0          0.00
60 Days             0              0.00       60 Days          0         0.00     60 Days          0          0.00
90 Days             0              0.00       90 Days          0         0.00     90 Days          0          0.00
120 Days            0              0.00       120 Days         0         0.00     120 Days         0          0.00
150 Days            0              0.00       150 Days         0         0.00     150 Days         0          0.00
180+ Days           0              0.00       180+ Days        0         0.00     180+ Days        0          0.00
                    -        ----------                        -         ----                      -          ----
                    1        299,000.00                        0         0.00                      0          0.00
</TABLE>
<TABLE>
<CAPTION>
                 No. of          Principal                  No. of     Principal                No. of      Principal
                 Loans            Balance                   Loans       Balance                 Loans        Balance
                 -----            -------                   -----       -------                 -----        -------
<S>              <C>            <C>           <C>          <C>         <C>        <C>          <C>         <C>
0-29 Days        0.000000%      0.000000%     0-29 Days    0.000000%   0.000000%  0-29 Days    0.000000%   0.000000%
30 Days          0.217391%      0.192169%     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%
                 --------       --------                   --------    --------                --------    --------
                 0.217391%      0.192169%                  0.000000%   0.000000%               0.000000%   0.000000%
</TABLE>

<TABLE>
<CAPTION>
                     REO                                 TOTAL
                     ---                                 -----
                No. of    Principal                No. of         Principal
                Loans      Balance                 Loans           Balance
                -----      -------                 -----           -------
<S>             <C>       <C>         <C>          <C>         <C>
 0-29 Days         0        0.00      0-29 Days       0              0.00
 30 Days           0        0.00      30 Days         1        299,000.00
 60 Days           0        0.00      60 Days         0              0.00
 90 Days           0        0.00      90 Days         0              0.00
 120 Days          0        0.00      120 Days        0              0.00
 150 Days          0        0.00      150 Days        0              0.00
 180+ Days         0        0.00      180+ Days       0              0.00
                   -        ----                      -        ----------
                   0        0.00                      1        299,000.00
</TABLE>
<TABLE>
<CAPTION>
                No. of    Principal                No. of         Principal
                Loans      Balance                 Loans           Balance
                -----      -------                 -----           -------
<S>            <C>         <C>        <C>          <C>           <C>
 0-29 Days     0.000000%   0.000000%  0-29 Days    0.000000%     0.000000%
 30 Days       0.000000%   0.000000%  30 Days      0.217391%     0.192169%
 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%               0.217391%     0.192169%
</TABLE>
<PAGE>

                              COLLATERAL STATEMENT
<TABLE>
<CAPTION>
Collateral Description                                                                                 Mixed Arm
<S>                                                                                                 <C>
Weighted Average Gross Coupon                                                                             3.116889%
Weighted Average Net Coupon                                                                               2.740872%
Weighted Average Pass-Through Rate                                                                        2.730872%
Weighted Average Maturity (Stepdown Calculation)                                                               357

Beginning Scheduled Collateral Loan Count                                                                    1,585
Number of Loans Paid in Full                                                                                     0
Ending Scheduled Collateral Loan Count                                                                       1,585

Beginning Scheduled Collateral Balance                                                              550,002,708.17
Ending Scheduled Collateral Balance                                                                 548,162,885.68
Ending Actual Collateral Balance at 30-June-2003                                                    548,163,103.30

Monthly P&I Constant                                                                                  1,428,581.35
Special Servicing Fee                                                                                         0.00
Prepayment Penalties                                                                                          0.00
Realized Loss Amount                                                                                          0.00
Cumulative Realized Loss                                                                                      0.00

Class A Optimal Amount                                                                                3,044,540.23

Ending Scheduled Balance for Premium Loans                                                          548,162,885.68

Scheduled Principal                                                                                           0.00
Unscheduled Principal                                                                                 1,839,822.49
</TABLE>
<PAGE>
MISCELLANEOUS REPORTING
<TABLE>
<S>                                                                   <C>
Group 1 One Month Libor Loan Balance                                  103,737,600.98
Group 1 Six Month Libor Loan Balance                                  288,833,030.57
Group 2 Six Month Libor Loan Balance                                  155,592,254.13

Pro-Rata Senior Percent                                                   96.249908%
Group 1 Senior Percent                                                   100.000000%
Group 2 Senior Percent                                                   100.000000%
Group 1 Senior Prepayment Percent                                        100.000000%
Group 2 Senior Prepayment Percent                                        100.000000%
</TABLE>
<TABLE>
<CAPTION>
                 GROUP                           1                   2                  TOTAL

Collateral Description                       Mixed ARM           Mixed ARM             Mixed ARM
<S>                                        <C>                <C>                  <C>
Weighted Average Coupon Rate                     3.109007           3.136841             3.116889
Weighted Average Net Rate                        2.732588           2.761841             2.740872
Pass-Through Rate                                2.722588           2.751841             2.730872
Weighted Average Maturity                             332                336                  357
Record Date                                    06/30/2003         06/30/2003           06/30/2003
Principal and Interest Constant              1,021,409.69         407,171.66         1,428,581.35
Beginning Loan Count                                1,125                460                1,585
Loans Paid in Full                                      0                  0                    0
Ending Loan Count                                   1,125                460                1,585
Beginning Scheduled Balance                394,238,989.87     155,763,718.30       550,002,708.17
Ending Scheduled Balance                   392,570,631.55     155,592,254.13       548,162,885.68
Scheduled Principal                                  0.00               0.00                 0.00
Unscheduled Principal                        1,668,358.32         171,464.17         1,839,822.49
Scheduled Interest                           1,021,409.69         407,171.66         1,428,581.35
Servicing Fee                                  123,665.82          48,676.16           172,341.98
Master Servicing Fee                             3,285.32           1,298.03             4,583.35
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                                   894,458.55         357,197.47         1,251,656.02
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>
                                  EXHIBIT 10.1

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

                               SMT SERIES 2002-10
                           RECORD DATE: JUNE 30, 2003
                        DISTRIBUTION DATE: JULY 21, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                   Certificate  Certificate      Beginning                                                   Ending
                      Class     Pass-Through    Certificate     Interest      Principal      Current       Certificate
Class     CUSIP    Description      Rate          Balance     Distribution  Distribution  Realized Loss      Balance
-----     -----    -----------      ----          -------     ------------  ------------  -------------      -------
<S>     <C>        <C>          <C>           <C>             <C>           <C>           <C>            <C>
  1A    81743VAA1      SEN        1.50375%    772,129,603.20    967,574.91  6,717,483.52       0.00      765,412.,119.68
 2A-1   81743VAB9      SEN        1.48375%    180,911,839.89    223,689.95  2,908,594.07       0.00       178,003,245.82
 2A-2   81743VAN3      SEN        1.78375%      3,500,000.00      5,202.60          0.00       0.00         3,500,000.00
 X-1A   81743VAC7       IO        1.25746%              0.00    384,494.06          0.00       0.00                 0.00
 X-1B   81743VAD5       IO        1.46164%              0.00    493,580.73          0.00       0.00                 0.00
  X-2   81743VAP8       IO        1.47995%              0.00    227,440.14          0.00       0.00                 0.00
  X-B   81743VAE3       IO        0.87366%              0.00     18,737.37          0.00       0.00                 0.00
  A-R   81743VAF0      SEN        3.37697%              0.00          0.00          0.00       0.00                 0.00
  B-1   81743VAG8      SUB        1.90375%     12,600,000.00     19,989.38          0.00       0.00        12,600,000.00
  B-2   81743VAH6      SUB        1.90375%      8,400,000.00     13,326.25          0.00       0.00         8,400,000.00
  B-3   81743VAJ2      SUB        2.50375%      4,725,000.00      9,858.52          0.00       0.00         4,725,000.00
  B-4   SMT0210B4      SUB        2.88761%      2,625,000.00      6,316.65          0.00       0.00         2,625,000.00
  B-5   SMT0210B5      SUB        2.88761%      2,100,000.00      5,053.32          0.00       0.00         2,100,000.00
  B-6   SMT0210B6      SUB        2.88761%      3,685,162.00      8,867.76          0.00       0.00         3,685,162.00
------  ---------      ---        --------    --------------  ------------  ------------       ----      ---------------
Totals                                        990,676,605.09  2,384,131.64  9,626,077.59       0.00       981,050,527.50
------  ---------      ---        --------    --------------  ------------  ------------       ----      ---------------
</TABLE>

<TABLE>
<CAPTION>

            Total        Cumulative
Class   Distribution   Realized Loss
-----   ------------   -------------
<S>     <C>            <C>
  1A     7,685,058.43       0.00
 2A-1    3,132,284.02       0.00
 2A-2        5,202.60       0.00
 X-1A      384,494.06       0.00
 X-1B      493,580.73       0.00
  X-2      227,440.14       0.00
  X-B       18,737.37       0.00
  A-R            0.00       0.00
  B-1       19,989.38       0.00
  B-2       13,326.25       0.00
  B-3        9,858.52       0.00
  B-4        6,316.65       0.00
  B-5        5,053.32       0.00
  B-6        8,867.76       0.00
------  -------------       ----
Totals  12,010,209.23       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                            Total         Ending        Ending
         Original Face     Certificate      Principal    Principal               Realized    Principal    Certificate    Certificate
 Class       Amount          Balance      Distribution  Distribution  Accretion  Loss (1)    Reduction      Balance      Percentage
 -----       ------          -------      ------------  ------------  ---------  --------    ---------      -------      ----------
<S>     <C>               <C>             <C>           <C>           <C>        <C>       <C>           <C>             <C>
   1A     822,375,000.00  772,129,603.20      0.00      6,717,483.52      0.00       0.00  6,717,483.52  765,412,119.68  0.93073369
  2A-1    190,000,000.00  180,911,839.89      0.00      2,908,594.07      0.00       0.00  2,908,594.07  178,003,245.82  0.93685919
  2A-2      3,500,000.00    3,500,000.00      0.00              0.00      0.00       0.00          0.00    3,500,000.00  1.00000000
  X-1A              0.00            0.00      0.00              0.00      0.00       0.00          0.00            0.00  0.00000000
  X-1B              0.00            0.00      0.00              0.00      0.00       0.00          0.00            0.00  0.00000000
   X-2              0.00            0.00      0.00              0.00      0.00       0.00          0.00            0.00  0.00000000
   X-B              0.00            0.00      0.00              0.00      0.00       0.00          0.00            0.00  0.00000000
   A-R            100.00            0.00      0.00              0.00      0.00       0.00          0.00            0.00  0.00000000
   B-1     12,600,000.00   12,600,000.00      0.00              0.00      0.00       0.00          0.00   12,600,000.00  1.00000000
   B-2      8,400,000.00    8,400,000.00      0.00              0.00      0.00       0.00          0.00    8,400,000.00  1.00000000
   B-3      4,725,000.00    4,725,000.00      0.00              0.00      0.00       0.00          0.00    4,725,000.00  1.00000000
   B-4      2,625,000.00    2,625,000.00      0.00              0.00      0.00       0.00          0.00    2,625,000.00  1.00000000
   B-5      2,100,000.00    2,100,000.00      0.00              0.00      0.00       0.00          0.00    2,100,000.00  1.00000000
   B-6      3,685,162.00    3,685,162.00      0.00              0.00      0.00       0.00          0.00    3,685,162.00  1.00000000
------  ----------------  --------------      ----      ------------      ----       ----  ------------  --------------  ----------
Totals  1,050,010,262.00  990,676,605.09      0.00      9,626,077.59      0.00       0.00  9,626,077.59  981,050,527.50  0.93432470
------  ----------------  --------------      ----      ------------      ----       ----  ------------  --------------  ----------
</TABLE>

<TABLE>
<CAPTION>

         Total Principal
 Class    Distribution
 -----    ------------
<S>      <C>
   1A     6,717,483.52
  2A-1    2,908,594.07
  2A-2            0.00
  X-1A            0.00
  X-1B            0.00
   X-2            0.00
   X-B            0.00
   A-R            0.00
   B-1            0.00
   B-2            0.00
   B-3            0.00
   B-4            0.00
   B-5            0.00
   B-6            0.00
------    ------------
Totals    9,626,077.59
------    ------------
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                   Beginning       Scheduled      Unscheduled                                      Total
              Original Face       Certificate      Principal       Principal                      Realized       Principal
   Class          Amount            Balance       Distribution    Distribution     Accretion      Loss (3)       Reduction
   -----          ------            -------       ------------    ------------     ---------      --------       ---------
<S>           <C>                 <C>             <C>             <C>              <C>            <C>            <C>
    1A         822,375,000.00       938.90208627    0.00000000        8.16839461    0.00000000    0.00000000        8.16839461
   2A-1        190,000,000.00       952.16757837    0.00000000       15.30838984    0.00000000    0.00000000       15.30838984
   2A-2          3,500,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
   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-2                  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         12,600,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    B-2          8,400,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    B-3          4,725,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    B-4          2,625,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    B-5          2,100,000.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
    B-6          3,685,162.00      1000.00000000    0.00000000        0.00000000    0.00000000    0.00000000        0.00000000
</TABLE>

<TABLE>
<CAPTION>
                Ending             Ending
              Certificate       Certificate       Total Principal
   Class        Balance          Percentage        Distribution
   -----        -------          ----------        ------------
<S>           <C>               <C>               <C>
    1A         930.73369166          0.93073369         8.16839461
   2A-1        936.85918853          0.93685919        15.30838984
   2A-2       1000.00000000          1.00000000         0.00000000
   X-1A          0.00000000          0.00000000         0.00000000
   X-1B          0.00000000          0.00000000         0.00000000
    X-2          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
                                  Current          Certificate/       Current        Unpaid       Current     Non-Supported
             Original Face      Certificate          Notional         Accrued       Interest      Interest     Interest
  Class         Amount             Rate              Balance          Interest      Shortfall     Shortfall    Shortfall
  -----         ------             ----              -------          --------      ---------     ---------    ---------
<S>         <C>                 <C>              <C>              <C>              <C>            <C>         <C>
   1A         822,375,000.00         1.50375%    772,129,603.20     967,574.91          0.00          0.00         0.00
  2A-1        190,000,000.00         1.48375%    180,911,839.89     223,689.95          0.00          0.00         0.00
  2A-2          3,500,000.00         1.78375%      3,500,000.00       5,202.60          0.00          0.00         0.00
  X-1A                  0.00         1.25746%    366,913,322.78     384,482.42          0.00          0.00         0.00
  X-1B                  0.00         1.46164%    405,216,280.42     493,565.79          0.00          0.00         0.00
   X-2                  0.00         1.47995%    184,411,839.89     227,433.26          0.00          0.00         0.00
   X-B                  0.00         0.87366%     25,725,000.00      18,729.00          0.00          0.00         0.00
   A-R                100.00         3.37697%              0.00           0.00          0.00          0.00         0.00
   B-1         12,600,000.00         1.90375%     12,600,000.00      19,989.38          0.00          0.00         0.00
   B-2          8,400,000.00         1.90375%      8,400,000.00      13,326.25          0.00          0.00         0.00
   B-3          4,725,000.00         2.50375%      4,725,000.00       9,858.52          0.00          0.00         0.00
   B-4          2,625,000.00         2.88761%      2,625,000.00       6,316.65          0.00          0.00         0.00
   B-5          2,100,000.00         2.88761%      2,100,000.00       5,053.32          0.00          0.00         0.00
   B-6          3,685,162.00         2.88761%      3,685,162.00       8,867.76          0.00          0.00         0.00
-------     ----------------         --------    --------------   ------------          ----          ----         ----
 Totals     1,050,010,262.00                                      2,384,089.81          0.00          0.00         0.00
-------     ----------------         --------    --------------   ------------          ----          ----         ----
</TABLE>

<TABLE>
<CAPTION>
                                          Remaining         Ending
                                           Unpaid       Certificate/
            Realized    Total Interest     Interest       Notational
  Class     Loss (4)     Distribution     Shortfall         Balance
  -----     --------     ------------     ---------         -------
<S>         <C>         <C>               <C>          <C>
   1A          0.00       967,574.91          0.00     765,412,119.68
  2A-1         0.00       223,689.95          0.00     178,003,245.82
  2A-2         0.00         5,202.60          0.00       3,500,000.00
  X-1A         0.00       384,494.06          0.00     363,354,175.35
  X-1B         0.00       493,580.73          0.00     402,057,944.33
   X-2         0.00       227,440.14          0.00     181,503,245.82
   X-B         0.00        18,737.37          0.00      25,725,000.00
   A-R         0.00             0.00          0.00               0.00
   B-1         0.00        19,989.38          0.00      12,600,000.00
   B-2         0.00        13,326.25          0.00       8,400,000.00
   B-3         0.00         9,858.52          0.00       4,725,000.00
   B-4         0.00         6,316.65          0.00       2,625,000.00
   B-5         0.00         5,053.32          0.00       2,100,000.00
   B-6         0.00         8,867.76          0.00       3,685,162.00
-------        ----     ------------          ----     --------------
 Totals        0.00     2,384,131.64          0.00
-------        ----     ------------          ----     --------------
</TABLE>

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

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                                Payment of
                              Current         Beginning           Current       Unpaid        Current    Non-Supported
Class        Original Face    Certificate    Certificate/         Accrued       Interest      Interest      Interest      Realized
  (5)           Amount           Rate      Notional Balance      Interest       Shortfall     Shortfall    Shortfall      Loss (6)
  ---           ------           ----      ----------------      --------       ---------     ---------    ---------      --------
<S>          <C>              <C>          <C>                   <C>            <C>          <C>         <C>              <C>
   1A         822,375,000.00    1.50375%      938.90208627       1.17656168     0.00000000   0.00000000    0.00000000     0.00000000
  2A-1        190,000,000.00    1.48375%      952.16757837       1.17731553     0.00000000   0.00000000    0.00000000     0.00000000
  2A-2          3,500,000.00    1.78375%     1000.00000000       1.48645714     0.00000000   0.00000000    0.00000000     0.00000000
  X-1A                  0.00    1.25746%      933.71719647       0.97842685     0.00000000   0.00000000    0.00000000     0.00000000
  X-1B                  0.00    1.46164%      943.64680249       1.14939059     0.00000000   0.00000000    0.00000000     0.00000000
   X-2                  0.00    1.47995%      953.03276429       1.17536568     0.00000000   0.00000000    0.00000000     0.00000000
   X-B                  0.00    0.87366%     1000.00000000       0.72804665     0.00000000   0.00000000    0.00000000     0.00000000
   A-R                100.00    3.37697%        0.00000000       0.00000000     0.00000000   0.00000000    0.00000000     0.00000000
   B-1         12,600,000.00    1.90375%     1000.00000000       1.58645873     0.00000000   0.00000000    0.00000000     0.00000000
   B-2          8,400,000.00    1.90375%     1000.00000000       1.58645833     0.00000000   0.00000000    0.00000000     0.00000000
   B-3          4,725,000.00    2.50375%     1000.00000000       2.08645926     0.00000000   0.00000000    0.00000000     0.00000000
   B-4          2,625,000.00    2.88761%     1000.00000000       2.40634286     0.00000000   0.00000000    0.00000000     0.00000000
   B-5          2,100,000.00    2.88761%     1000.00000000       2.40634286     0.00000000   0.00000000    0.00000000     0.00000000
   B-6          3,685,162.00    2.88761%     1000.00000000       2.40634197     0.00000000   0.00000000    0.00000000     0.00000000
</TABLE>

<TABLE>
<CAPTION>
                              Remaining
                              Unpaid
Class       Total Interest    Interest    Ending Certificate/
  (5)        Distribution     Shortfall   Notational Balance
  ---        ------------     ---------   ------------------
<S>         <C>              <C>          <C>
   1A           1.17656168   0.00000000         930.73369166
  2A-1          1.17731553   0.00000000         936.85918853
  2A-2          1.48645714   0.00000000        1000.00000000
  X-1A          0.97845647   0.00000000         924.65991521
  X-1B          1.14942538   0.00000000         936.29183208
   X-2          1.17540124   0.00000000         938.00127039
   X-B          0.72837201   0.00000000        1000.00000000
   A-R          0.00000000   0.00000000           0.00000000
   B-1          1.58645873   0.00000000        1000.00000000
   B-2          1.58645833   0.00000000        1000.00000000
   B-3          2.08645926   0.00000000        1000.00000000
   B-4          2.40634286   0.00000000        1000.00000000
   B-5          2.40634286   0.00000000        1000.00000000
   B-6          2.40634197   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                        12,214,505.43
               Liquidations, Insurance Proceeds, Reserve Funds                   41.84
               Proceeds from Repurchased Loans                                    0.00
               Other Amounts (Servicer Advances)                              2,234.38
               Realized Losses                                                    0.00
               Prepayment Penalties                                               0.00
Total Deposits                                                           12,216,781.65
                                                                         -------------

Withdrawals

               Reimbursement for Servicer Advances                              181.47
               Payment of Service Fee                                       206,390.95
               Payment of Interest and Principal                         12,010,209.23
                                                                         -------------
Total Withdrawals (Pool Distribution Amount)                             12,216,781.65
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                                           206,390.95
Supported Prepayment/Curtailment Interest Shortfall                 0.00
                                                              ----------
Net Servicing Fee                                             206,390.95
                                                              ==========
</TABLE>
<PAGE>
<TABLE>

                                           Beginning       Current      Current        Ending
        Account Type                        Balance      Withdrawals    Deposits       Balance
        ------------                        -------      -----------    --------       -------
<S>                                        <C>           <C>            <C>           <C>
Class X-A Basis Risk Reserve Fund           8,000.00        33.47        33.47        8,000.00
Class X-B Basis Risk Reserve Fund           2,000.00         8.37         8.37        2,000.00
</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          1        825,000.00   30 Days         0        0.00        30 Days         0           0.00
60 Days          0              0.00   60 Days         0        0.00        60 Days         0           0.00
90 Days          0              0.00   90 Days         0        0.00        90 Days         0           0.00
120 Days         0              0.00   120 Days        0        0.00        120 Days        0           0.00
150 Days         0              0.00   150 Days        0        0.00        150 Days        0           0.00
180+ Days        0              0.00   180+ Days       0        0.00        180+ Days       0           0.00
              ----        -----------                ---       -----                     ----          -----
                 1        825,000.00                   0        0.00                        0           0.00
</TABLE>

<TABLE>
<CAPTION>
              No. of        Principal               No. of     Principal                   No. of      Principal
               Loans         Balance                 Loans      Balance                     Loans       Balance
               -----         -------                 -----      -------                     -----       -------
<S>          <C>            <C>        <C>          <C>        <C>          <C>          <C>           <C>
0-29 Days    0.000000%      0.000000%  0-29 Days    0.000000%   0.000000%   0-29 Days     0.000000%    0.000000%
30 Days      0.038095%      0.084094%  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%
             --------       --------                --------    --------                  --------     --------
             0.038095%      0.084094%               0.000000%   0.000000%                 0.000000%    0.000000%
</TABLE>

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

<TABLE>
<CAPTION>
              No. of     Principal                No. of      Principal
              Loans       Balance                  Loans       Balance
              -----       -------                  -----       -------
<S>          <C>         <C>         <C>          <C>         <C>
0-29 Days    0.000000%   0.000000%   0-29 Days    0.000000%    0.000000%
30 Days      0.000000%   0.000000%   30 Days      0.038095%    0.084094%
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%                0.038095%    0.084094%
</TABLE>

Current Period Class A Insufficient Funds:            0.00
Principal Balance of Contaminated Properties          0.00
Periodic Advance                                  2,234.38

<PAGE>
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage

<TABLE>
<CAPTION>
                       Original $       Original %            Current $        Current %      Current Class %      Prepayment %
                       ----------       ----------            ---------        ---------      ---------------      ------------

<S>                <C>                  <C>                <C>               <C>              <C>                 <C>
       Class A     1,050,010,162.00      99.99999048%      981,050,527.50    100.00000000%        96.520550%          0.000000%
       Class 1A      227,635,162.00      21.67932736%      215,638,407.82     21.98035695%        78.019643%      2,242.298190%
     Class 2-A-1      37,635,162.00       3.58426611%       37,636,162.00      3.83621036%        18.144147%        521.465947%
     Class 2-A-2      34,135,162.00       3.25093604%       34,135,162.00      3.47944994%         0.356760%         10.253357%
      Class X-2       34,135,162.00       3.25093604%       34,135,162.00      3.47944994%         0.000000%          0.000000%
      Class B-1       21,535,162.00       2.05094776%       21,535,162.00      2.19511242%         1.284338%         36.912085%
      Class B-2       13,135,162.00       1.25095558%       13,135,162.00      1.33888741%         0.856225%         24.608057%
      Class B-3        8,410,162.00       0.80095998%        8,410,162.00      0.85726084%         0.481627%         13.842032%
      Class B-4        5,785,162.00       0.55096242%        5,785,162.00      0.58969052%         0.267570%          7.690018%
      Class B-5        3,685,162.00       0.35096438%        3,685,162.00      0.37563427%         0.214056%          6.152014%
      Class B-6                0.00       0.00000000%                0.00      0.00000000%         0.375634%         10.795795%
</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       163,046.00        0.01552804%          163,046.00         0.01661953%
                   Fraud    31,500,308.00        3.00000001%       31,500,308.00         3.21087519%
          Special Hazard    11,240,000.00        1.07046573%       11,018,216.36         1.12310386%
</TABLE>

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

                           DELINQUENCY STATUS BY GROUP

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

<TABLE>
<CAPTION>
                 No. of     Principal                 No. of    Principal                 No. of    Principal
                 Loans       Balance                  Loans      Balance                  Loans      Balance
<S>            <C>          <C>          <C>        <C>         <C>         <C>         <C>         <C>
0-29 Days      0.000000%    0.000000%    0-29 Days  0.000000%   0.000000%   0-29 Days   0.000000%   0.000000%
30 Days        0.048146%    0.104030%    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%
               --------     --------                --------    --------                --------    --------
               0.048146%    0.104030%               0.000000%   0.000000%               0.000000%   0.000000%
---------------------------------------------------------------------------------------------------------------
</TABLE>

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

<TABLE>
<CAPTION>
                No. of     Principal                 No. of     Principal
                 Loans      Balance                  Loans       Balance
<S>            <C>         <C>         <C>         <C>          <C>
0-29 Days      0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days        0.000000%   0.000000%   30 Days     0.048146%    0.104030%
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%               0.048146%    0.104030%
---------------------------------------------------------------------------
</TABLE>

                                     Group 2
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
              DELINQUENT                            BANKRUPTCY                         FORECLOSURE
----------------------------------------------------------------------------------------------------------------
               No. of         Principal              No. of       Principal              No. of       Principal
                Loans          Balance                Loans        Balance                Loans        Balance
<S>            <C>          <C>         <C>          <C>          <C>       <C>          <C>          <C>
0-29 Days         0               0.00  0-29 Days       0             0.00  0-29 Days       0             0.00
30 Days           0               0.00  30 Days         0             0.00  30 Days         0             0.00
60 Days           0               0.00  60 Days         0             0.00  60 Days         0             0.00
90 Days           0               0.00  90 Days         0             0.00  90 Days         0             0.00
120 Days          0               0.00  120 Days        0             0.00  120 Days        0             0.00
150 Days          0               0.00  150 Days        0             0.00  150 Days        0             0.00
180+ Days         0               0.00  180+ Days       0             0.00  180+ Days       0             0.00
                -----       ----------                -----        -------                -----        -------
                  0               0.00                  0             0.00                  0             0.00
</TABLE>

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

                                     Group 2
<TABLE>
<CAPTION>
---------------------------------------------------------------------------
                 REO                                 TOTAL
---------------------------------------------------------------------------
               No. of        Principal             No. of        Principal
                Loans         Balance               Loans         Balance
<S>            <C>           <C>      <C>          <C>           <C>
0-29 Days         0             0.00  0-29 Days       0               0.00
30 Days           0             0.00  30 Days         0               0.00
60 Days           0             0.00  60 Days         0               0.00
90 Days           0             0.00  90 Days         0               0.00
120 Days          0             0.00  120 Days        0               0.00
150 Days          0             0.00  150 Days        0               0.00
180+ Days         0             0.00  180+ Days       0               0.00
                -----        -------                -----       ----------
                  0             0.00                  0               0.00
</TABLE>

<TABLE>
<CAPTION>
               No. of     Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
<S>           <C>         <C>         <C>         <C>          <C>
0-29 Days     0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days       0.000000%   0.000000%   30 Days     0.000000%    0.000000%
60 Days       0.000000%   0.000000%   60 Days     0.000000%    0.000000%
90 Days       0.000000%   0.000000%   90 Days     0.000000%    0.000000%
120 Days      0.000000%   0.000000%   120 Days    0.000000%    0.000000%
150 Days      0.000000%   0.000000%   150 Days    0.000000%    0.000000%
180+ Days     0.000000%   0.000000%   180+ Days   0.000000%    0.000000%
              --------    --------                --------     --------
              0.000000%   0.000000%               0.000000%    0.000000%
---------------------------------------------------------------------------
</TABLE>

<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                              Mixed ARM

<S>                                                            <C>
Weighted Average Gross Coupon                                       3.137832%
Weighted Average Net Coupon                                         2.887832%
Weighted Average Pass-Through Rate                                  2.887832%
Weighted Average Maturity (Stepdown Calculation)                          289

Beginning Scheduled Collateral Loan Count                               2,655
Number of Loans Paid in Full                                               30
Ending Scheduled Collateral Loan Count                                  2,625

Beginning Scheduled Collateral Balance                         990,676,605.09
Ending Scheduled Collateral Balance                            981,050,527.50
Ending Actual Collateral Balance at 30-June-2003               981,050,528.21

Monthly P&I Constant                                             2,590,480.75
Special Servicing Fee                                                    0.00
Prepayment Penalties                                                     0.00
Realization Loss Amount                                                  0.00
Cumulative Realized Loss                                                 0.00

Class A Optimal Amount                                          11,928,026.52

Ending Scheduled Balance for Premium Loans                     981,050,527.50

Scheduled Principal                                                      0.00
Unscheduled Principal                                            9,626,077.59
</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                     3.118363           3.219392                 3.137832
Weighted Average Net Rate                        2.868363           2.969392                 2.887832
Pass-Through Rate                                2.868363           2.969392                 2.887832
Weighted Average Maturity                             289                289                      289
Record Date                                    06/30/2003         06/30/2003               06/30/2003
Principal and Interest Constant              2,078,288.94         512,191.81             2,590,480.75
Beginning Loan Count                                2,098                557                    2,655
Loans Paid in Full                                     21                  9                       30
Ending Loan Count                                   2,077                548                    2,625
Beginning Scheduled Balance                799,761,600.20     190,915,004.89           990,676,605.09
Ending Scheduled Balance                   793,044,116.68     188,006,410.82           981,050,527.50
Scheduled Principal                                  0.00               0.00                     0.00
Unscheduled Principal                        6,717,483.52       2,908,594.07             9,626,077.59
Scheduled Interest                           2,078,288.94         512,191.81             2,590,480.75
Servicing Fee                                  166,616.99          39,773.96               206,390.95
Master Servicing Fee                                 0.00               0.00                     0.00
Trustee Fee                                          0.00               0.00                     0.00
FRY Amount                                           0.00               0.00                     0.00
Special Hazard Fee                                   0.00               0.00                     0.00
Other Fee                                            0.00               0.00                     0.00
Pool Insurance Fee                                   0.00               0.00                     0.00
Spread 1                                             0.00               0.00                     0.00
Spread 2                                             0.00               0.00                     0.00
Spread 3                                             0.00               0.00                     0.00
Net Interest                                 1,911,671.95         472,417.85             2,384,089.80
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 1

One Month LIBOR Loans                                            376,471,555.16
Six Month LIBOR Loans                                            416,572,561.52
Pro Rata Senior Percentage                                           96.544971%
Senior Percentage                                                   100.000000%
Senior Prepayment Percentage                                        100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%

Group 2

Pro Rata Senior Percentage                                           96.593686%
Senior Percentage                                                   100.000000%
Senior Prepayment Percentage                                        100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]