Document:

<PAGE>
                                                                    EXHIBIT 10.1
CONTACT:   CUSTOMER SERVICES -- CTSLINK
           WELLS FARGO BANK MINNESOTA, N.A.
           SECURITIES ADMINISTRATION SERVICES
           7485 NEW HORIZON WAY
           FREDERICK, MD  21703
           WWW.CTSLINK.COM
           TELEPHONE:(301) 815-6600
           FAX: (301) 315-6660

                               SMT SERIES 2002-10
                          RECORD DATE: OCTOBER 31, 2002
                      DISTRIBUTION DATE: NOVEMBER 20, 2002

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                                     Certificate      Certificate
                                        Class         Pass-Through          Beginning             Interest           Principal
   Class             CUSIP           Description          Rate         Certificate Balance      Distribution        Distribution
   -----             -----           -----------          ----         -------------------      ------------        ------------
<S>                <C>               <C>              <C>              <C>                      <C>                 <C>
     1A            81743VAA1             SEN           2.23000%            822,263,717.49        1,528,040.07        4,913,444.17
    2A-1           81743VAB9             SEN           2.21000%            189,936,325.70          349,799.40        1,491,467.72
    2A-2           81743VAN3             SEN           2.51000%              3,500,000.00            7,320.83                0.00
    X-1A           81743VAC7             IO            1.04471%                      0.00          342,094.82                0.00
    X-1B           81743VAD5             IO            1.22800%                      0.00          439,346.71                0.00
    X-2            81743VAP8             IO            1.24997%                      0.00          201,493.67                0.00
    X-B            81743VAE3             IO            0.64831%                      0.00           13,900.36                0.00
    A-R            81743VAF0             SEN           3.40023%                      0.00                0.00                0.00
    B-1            81743VAG8             SUB           2.63000%             12,600,000.00           27,615.00                0.00
    B-2            81743VAH6             SUB           2.63000%              8,400,000.00           18,410.00                0.00
    B-3            81743VAJ2             SUB           3.23000%              4,725,000.00           12,718.13                0.00
    B-4            SMT0210B4             SUB           3.38851%              2,625,000.00            7,412.37                0.00
    B-5            SMT0210B5             SUB           3.38851%              2,100,000.00            5,929.89                0.00
    B-6            SMT0210B6             SUB           3.38851%              3,685,162.00           10,406.01                0.00
                                                                         ----------------        ------------        ------------
Totals                                                                   1,049,835,205.19        2,964,487.26        6,404,911.89
</TABLE>

<TABLE>
<CAPTION>

                      Current         Ending Certificate         Total            Cumulative
   Class           Realized Loss            Balance           Distribution       Realized Loss
   -----           -------------            -------           ------------       -------------
<S>                <C>                <C>                     <C>                <C>
     1A                  0.00            817,350,273.32       6,441,484.24            0.00
    2A-1                 0.00            188,444,857.98       1,841,267.12            0.00
    2A-2                 0.00              3,500,000.00           7,320.83            0.00
    X-1A                 0.00                      0.00         342,094.82            0.00
    X-1B                 0.00                      0.00         439,346.71            0.00
    X-2                  0.00                      0.00         201,493.67            0.00
    X-B                  0.00                      0.00          13,900.36            0.00
    A-R                  0.00                      0.00               0.00            0.00
    B-1                  0.00             12,600,000.00          27,615.00            0.00
    B-2                  0.00              8,400,000.00          18,410.00            0.00
    B-3                  0.00              4,725,000.00          12,718.13            0.00
    B-4                  0.00              2,625,000.00           7,412.37            0.00
    B-5                  0.00              2,100,000.00           5,929.89            0.00
    B-6                  0.00              3,685,162.00          10,406.01            0.00
                         ----          ----------------       ------------            ----
Totals                   0.00          1,043,430,293.30       9,369,399.15            0.00
</TABLE>

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

<TABLE>
<CAPTION>
                                         Beginning           Scheduled        Unscheduled
                 Original Face           Certificate         Principal         Principal                        Realized
   Class             Amount                Balance          Distribution     Distribution       Accretion       Loss (1)
   -----             ------                -------          ------------     ------------       ---------       --------

<S>              <C>                    <C>                 <C>              <C>                <C>             <C>
     1A             822,375,000.00        822,263,717.49          0.00       4,913,444.17           0.00           0.00
    2A-1            190,000,000.00        189,936,325.70          0.00       1,491,467.72           0.00           0.00
    2A-2              3,500,000.00          3,500,000.00          0.00               0.00           0.00           0.00
    X-1A                      0.00                  0.00          0.00               0.00           0.00           0.00
    X-1B                      0.00                  0.00          0.00               0.00           0.00           0.00
    X-2                       0.00                  0.00          0.00               0.00           0.00           0.00
    X-B                       0.00                  0.00          0.00               0.00           0.00           0.00
    A-R                     100.00                  0.00          0.00               0.00           0.00           0.00
    B-1              12,600,000.00         12,600,000.00          0.00               0.00           0.00           0.00
    B-2               8,400,000.00          8,400,000.00          0.00               0.00           0.00           0.00
    B-3               4,725,000.00          4,725,000.00          0.00               0.00           0.00           0.00
    B-4               2,625,000.00          2,625,000.00          0.00               0.00           0.00           0.00
    B-5               2,100,000.00          2,100,000.00          0.00               0.00           0.00           0.00
    B-6               3,685,162.00          3,685,162.00          0.00               0.00           0.00           0.00
                  ----------------      ----------------          ----       ------------           ----           ----
Totals            1,050,010,262.00      1,049,835,205.19          0.00       6,404,911.89           0.00           0.00
</TABLE>

<TABLE>
<CAPTION>

                  Total Principal     Ending Certificate    Ending Certificate       Total Principal
   Class             Reduction              Balance              Percentage            Distribution
   -----             ---------              -------              ----------            ------------

<S>               <C>                 <C>                   <C>                      <C>
     1A             4,913,444.17        817,350,273.32             0.99388998           4,913,444.17
    2A-1            1,491,467.72        188,444,857.98             0.99181504           1,491,467.72
    2A-2                    0.00          3,500,000.00             1.00000000                   0.00
    X-1A                    0.00                  0.00             0.00000000                   0.00
    X-1B                    0.00                  0.00             0.00000000                   0.00
    X-2                     0.00                  0.00             0.00000000                   0.00
    X-B                     0.00                  0.00             0.00000000                   0.00
    A-R                     0.00                  0.00             0.00000000                   0.00
    B-1                     0.00         12,600,000.00             1.00000000                   0.00
    B-2                     0.00          8,400,000.00             1.00000000                   0.00
    B-3                     0.00          4,725,000.00             1.00000000                   0.00
    B-4                     0.00          2,625,000.00             1.00000000                   0.00
    B-5                     0.00          2,100,000.00             1.00000000                   0.00
    B-6                     0.00          3,685,162.00             1.00000000                   0.00
                    ------------      ----------------             ----------           ------------
Totals              6,404,911.89      1,043,430,293.30             0.99373342           6,404,911.89
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                         Beginning           Scheduled        Unscheduled
                 Original Face           Certificate         Principal          Principal                          Realized
   Class             Amount                Balance          Distribution      Distribution        Accretion        Loss (3)
   -----             ------                -------          ------------      ------------        ---------        --------

<S>              <C>                   <C>                 <C>                <C>                <C>              <C>
     1A          822,375,000.00          999.86468155       0.00000000          5.97470031       0.00000000       0.00000000
    2A-1         190,000,000.00          999.66487211       0.00000000          7.84983011       0.00000000       0.00000000
    2A-2           3,500,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    X-1A                   0.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    X-1B                   0.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    X-2                    0.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    X-B                    0.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    A-R                  100.00            0.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-1           12,600,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-2            8,400,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-3            4,725,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-4            2,625,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-5            2,100,000.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
    B-6            3,685,162.00         1000.00000000       0.00000000          0.00000000       0.00000000       0.00000000
</TABLE>

<TABLE>
<CAPTION>
                                       Ending
              Total Principal        Certificate      Ending Certificate       Total Principal
   Class          Reduction            Balance             Percentage            Distribution
   -----          ---------            -------             ----------            ------------

<S>           <C>                 <C>                 <C>                       <C>
     1A           5.97470031        993.88998124             0.99388998             5.97470031
    2A-1          7.84983011        991.81504200             0.99181504             7.84983011
    2A-2          0.00000000       1000.00000000             1.00000000             0.00000000
    X-1A          0.00000000          0.00000000             0.00000000             0.00000000
    X-1B          0.00000000          0.00000000             0.00000000             0.00000000
    X-2           0.00000000          0.00000000             0.00000000             0.00000000
    X-B           0.00000000          0.00000000             0.00000000             0.00000000
    A-R           0.00000000          0.00000000             0.00000000             0.00000000
    B-1           0.00000000       1000.00000000             1.00000000             0.00000000
    B-2           0.00000000       1000.00000000             1.00000000             0.00000000
    B-3           0.00000000       1000.00000000             1.00000000             0.00000000
    B-4           0.00000000       1000.00000000             1.00000000             0.00000000
    B-5           0.00000000       1000.00000000             1.00000000             0.00000000
    B-6           0.00000000       1000.00000000             1.00000000             0.00000000
</TABLE>

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

<TABLE>
<CAPTION>
                                                           Beginning                           Payment of
                                                          Certificate/         Current           Unpaid          Current
                Original Face           Current            Notional             Accrued         Interest        Interest
   Class            Amount          Certificate Rate        Balance            Interest         Shortfall       Shortfall
   -----            ------          ----------------       ---------           --------         ---------       ---------

<S>          <C>                    <C>                <C>                 <C>                 <C>              <C>
    1A         822,375,000.00            2.23000%      822,263,717.49      1,528,040.08            0.00             0.00
   2A-1        190,000,000.00            2.21000%      189,936,325.70        349,799.40            0.00             0.00
   2A-2          3,500,000.00            2.51000%        3,500,000.00          7,320.83            0.00             0.00
   X-1A                  0.00            1.04471%      392,940,000.50        342,091.61            0.00             0.00
   X-1B                  0.00            1.22800%      429,323,716.99        439,342.59            0.00             0.00
    X-2                  0.00            1.24997%      193,436,325.70        201,491.79            0.00             0.00
    X-B                  0.00            0.64831%       25,725,000.00         13,898.06            0.00             0.00
    A-R                100.00            3.40023%                0.00              0.00            0.00             0.00
    B-1         12,600,000.00            2.63000%       12,600,000.00         27,615.00            0.00             0.00
    B-2          8,400,000.00            2.63000%        8,400,000.00         18,410.00            0.00             0.00
    B-3          4,725,000.00            3.23000%        4,725,000.00         12,718.13            0.00             0.00
    B-4          2,625,000.00            3.38851%        2,625,000.00          7,412.37            0.00             0.00
    B-5          2,100,000.00            3.38851%        2,100,000.00          5,929.89            0.00             0.00
    B-6          3,685,162.00            3.38851%        3,685,162.00         10,406.01            0.00             0.00
             ----------------                                              ------------            ----             ----
  Totals     1,050,010,262.00                                              2,964,475.76            0.00             0.00
</TABLE>

<TABLE>
<CAPTION>
                    Non-                                            Remaining            Ending
                 Supported                                            Unpaid          Certificate/
                  Interest       Realized      Total Interest        Interest          Notational
   Class          Shortfall      Loss (4)        Distribution       Shortfall            Balance
   -----          ---------      --------        ------------       ---------            -------

<S>              <C>             <C>           <C>                  <C>             <C>
    1A               0.00           0.00       1,528,040.07             0.00        817,350,273.32
   2A-1              0.00           0.00         349,799.40             0.00        188,444,857.98
   2A-2              0.00           0.00           7,320.83             0.00          3,500,000.00
   X-1A              0.00           0.00         342,094.82             0.00        390,578,367.87
   X-1B              0.00           0.00         439,346.71             0.00        426,771,905.45
    X-2              0.00           0.00         201,493.67             0.00        191,944,857.98
    X-B              0.00           0.00          13,900.36             0.00         25,725,000.00
    A-R              0.00           0.00               0.00             0.00                  0.00
    B-1              0.00           0.00          27,615.00             0.00         12,600,000.00
    B-2              0.00           0.00          18,410.00             0.00          8,400,000.00
    B-3              0.00           0.00          12,718.13             0.00          4,725,000.00
    B-4              0.00           0.00           7,412.37             0.00          2,625,000.00
    B-5              0.00           0.00           5,929.89             0.00          2,100,000.00
    B-6              0.00           0.00          10,406.01             0.00          3,685,162.00
                     ----           ----       ------------             ----
  Totals             0.00           0.00       2,964,487.26             0.00
</TABLE>

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

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                                            Payment of
                                     Current          Beginning                                Unpaid         Current
 Class (5)      Original Face       Certificate      Certificate/      Current Accrued        Interest        Interest
                    Amount             Rate       Notional Balance         Interest          Shortfall       Shortfall
                    ------             ----       ----------------         --------          ---------       ---------

<S>             <C>                 <C>           <C>                   <C>                 <C>              <C>
    1A          822,375,000.00      2.23000%         999.86468155          1.85808187       0.00000000       0.00000000
   2A-1         190,000,000.00      2.21000%         999.66487211          1.84104947       0.00000000       0.00000000
   2A-2           3,500,000.00      2.51000%        1000.00000000          2.09166571       0.00000000       0.00000000
   X-1A                   0.00      1.04471%         999.94961444          0.87055116       0.00000000       0.00000000
   X-1B                   0.00      1.22800%         999.78695908          1.02311839       0.00000000       0.00000000
    X-2                   0.00      1.24997%         999.67093385          1.04130124       0.00000000       0.00000000
    X-B                   0.00      0.64831%        1000.00000000          0.54025500       0.00000000       0.00000000
    A-R                 100.00      3.40023%           0.00000000          0.00000000       0.00000000       0.00000000
    B-1          12,600,000.00      2.63000%        1000.00000000          2.19166667       0.00000000       0.00000000
    B-2           8,400,000.00      2.63000%        1000.00000000          2.19166667       0.00000000       0.00000000
    B-3           4,725,000.00      3.23000%        1000.00000000          2.69166772       0.00000000       0.00000000
    B-4           2,625,000.00      3.38851%        1000.00000000          2.82376000       0.00000000       0.00000000
    B-5           2,100,000.00      3.38851%        1000.00000000          2.82375714       0.00000000       0.00000000
    B-6           3,685,162.00      3.38851%        1000.00000000          2.82375917       0.00000000       0.00000000
</TABLE>

<TABLE>
<CAPTION>
                    Non                                                 Remaining
                -Supported                                                Unpaid
 Class (5)        Interest         Realized        Total Interest        Interest     Ending Certificate/
                 Shortfall         Loss (6)          Distribution       Shortfall      Notational Balance
                 ---------         --------          ------------       ---------      ------------------

<S>             <C>                <C>             <C>                 <C>            <C>
    1A          0.00000000         0.00000000        1.85808186        0.00000000            993.88998124
   2A-1         0.00000000         0.00000000        1.84104947        0.00000000            991.81504200
   2A-2         0.00000000         0.00000000        2.09166571        0.00000000           1000.00000000
   X-1A         0.00000000         0.00000000        0.87055933        0.00000000            993.93975636
   X-1B         0.00000000         0.00000000        1.02312799        0.00000000            993.84443180
    X-2         0.00000000         0.00000000        1.04131096        0.00000000            991.96309034
    X-B         0.00000000         0.00000000        0.54034441        0.00000000           1000.00000000
    A-R         0.00000000         0.00000000        0.00000000        0.00000000              0.00000000
    B-1         0.00000000         0.00000000        2.19166667        0.00000000           1000.00000000
    B-2         0.00000000         0.00000000        2.19166667        0.00000000           1000.00000000
    B-3         0.00000000         0.00000000        2.69166772        0.00000000           1000.00000000
    B-4         0.00000000         0.00000000        2.82376000        0.00000000           1000.00000000
    B-5         0.00000000         0.00000000        2.82375714        0.00000000           1000.00000000
    B-6         0.00000000         0.00000000        2.82375917        0.00000000           1000.00000000
</TABLE>

(5)  Per $1 denomination

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

                               CERTIFICATE ACCOUNT

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

Deposits
           Payments of Interest and Principal                      9,562,518.03
           Liquidations, Insurance Proceeds, Reserve Funds                11.52
           Proceeds from Repurchased Loans                                 0.00
           Other Amounts (Servicer Advances)                          25,585.27
           Realized Losses                                                 0.00
           Prepayment Penalties                                            0.00
                                                                   ------------
Total Deposits                                                     9,588,114.82

Withdrawals
           Reimbursement for Servicer Advances                             0.00
           Payment of Service Fee                                    218,715.67
           Payment of Interest and Principal                       9,369,399.15
                                                                   ------------
Total Withdrawals (Pool Distribution Amount)                       9,588,114.82

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

Gross Servicing Fee                                                   218,715.67
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                      ----------

Net Servicing Fee                                                     218,715.67
                                                                      ==========
<PAGE>

<TABLE>
<CAPTION>
           Account Type                  Beginning Balance    Current Withdrawals   Current Deposits    Ending Balance
           ------------                  -----------------    -------------------   ----------------    --------------

<S>                                      <C>                  <C>                   <C>                 <C>
Class X-A Basis Risk Reserve Fund            8,000.00                 9.22                9.22              8,000.00
Class X-B Basis Risk Reserve Fund            2,000.00                 2.30                2.30              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               18        9,202,242.49  30 Days           0              0.00      30 Days           0             0.00
60 Days               1           279,473.00  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
                     ---        ------------                   --              ----                       --             ----
                      19        9,481,715.49                    0              0.00                        0             0.00

<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           0.653120%      0.882259%    30 Days       0.000000%      0.000000%     30 Days       0.000000%      0.000000%
60 Days           0.036284%      0.026794%    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%
                  --------       --------                   --------       --------                    --------       --------
                  0.689405%      0.909054%                  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             18    9,202,242.49
60 Days                 0          0.00     60 Days              1      279,473.00
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                         19    9,481,715.49

<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       0.653120%       0.882259%
60 Days          0.000000%     0.000000%    60 Days       0.036284%       0.026794%
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%                  0.689405%       0.909054%
</TABLE>

<TABLE>
<S>                                                                   <C>
Current Period Class A Insufficient Funds:                                 0.00

Principal Balance of Contaminated Properties                               0.00

Periodic Advance                                                      25,595.27
</TABLE>
<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     99.999999048%   1,043,430,293.30    100.00000000%         96.728563%          0.000000%
 Class 1A            227,635,162.00      21.67932736%     226,080,019.98     21.66699792%         78.333002%      2,394.452598%
Class 2-A-1           37,635,162.00       3.58426611%      37,635,162.00      3.60686883%         18.060129%        522,054969%
Class 2-A-2           34,135,162.00       3.25093604%      34,135,162.00      3.27143674%          0.335432%        10.2533357%
 Class X-2            34,135,162.00       3.25093604%      34,135,162.00      3.27143674%          0.000000%         0.0000000%
 Class B-1            21,535,162.00       2.05094776%      21,535,162.00      2.06388123%          1.207556%         36.912085%
 Class B-2            13,135,162.00       1.25095558%      13,135,162.00      1.25884423%          0.805037%         24.608057%
 Class B-3             8,410,162.00       0.80095998%       8,410,162.00      0.80601091%          0.452833%        13..842032%
 Class B-4             5,785,162.00       0.55096242%       5,785,162.00      0.55443685%          0.251574%          7.690018%
 Class B-5             3,685,162.00       0.35096438%       3,685,162.00      0.35317759%          0.201259%          6.152014%
 Class B-6                     0.00       0.00000000%               0.00      0.00000000%          0.353178%         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            0.01562596%
                      Fraud       31,500,308.00             3.00000001%           31,500,308.00            3.01891829%
             Special Hazard       11,240,000.00             1.07046573%           11,240,000.00            1.07721619%
</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                 15   8,087,124.41     30 Days              0           0.00     30 Days               0          0.00
60 Days                  1     279,473.00     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
                        --   ------------                         --           ----                          --          ----
                        16   8,366,597.41                          0           0.00                           0          0.00

<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           0.687758%      0.957366%    30 Days       0.000000%      0.000000%    30 Days        0.000000%     0.000000%
60 Days           0.045851%      0.033084%    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%
                  ---------      ---------                  ---------      ---------                   ---------     ---------
                  0.733608%      0.990450%                  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              15   8,087,124.41
60 Days                    0          0.00     60 Days               1     279,473.00
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                          16   8,366,597.41
<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        0.687758%      0.957366%
60 Days             0.000000%     0.000000%    60 Days        0.045851%      0.033084%
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%                   0.733608%      0.990450%
</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                3    1,115,118.08      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    1,115,118.08                            0           0.00                           0          0.00

<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         0.521739%       0.562326%     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%
                --------        --------                     --------       --------                    --------      --------
                0.521739%       0.562326%                    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   1,115,118.08
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   1,115,118.08

<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        0.521739%      0.562326%
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%                   0.521739%      0.562326%
</TABLE>
<PAGE>
                                COLLATERAL STATEMENT

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

Weighted Average Gross Coupon                                          3.638504%
Weighted Average Net Coupon                                            3.388504%
Weighted Average Pass-Through Rate                                     3.388504%
Weighted Average Maturity (Stepdown Calculation)                            297

Beginning Scheduled Collateral Loan Count                                 2,764
Number of Loans Paid in Full                                                  8
Ending Scheduled Collateral Loan Count                                    2,756

Beginning Scheduled Collateral Balance                         1,049,835,205.19
Ending Scheduled Collateral Balance                            1,043,430,293.30
Ending Actual Collateral Balance at 30-Sept-2002               1,043,031,347.87

Monthly P&I Constant                                               3,183,191.42
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                             9,272,998.19

Ending Scheduled Balance for Premium Loans                     1,043,430,293.30

Scheduled Principal                                                        0.00
Unscheduled Principal                                              6,404,911.89
</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                              3.620414                3.715401                     3.638504
Weighted Average Net Rate                                 3.370414                3.465401                     3.388504
Pass-Through Rate                                         3.370414                3.465401                     3.388504
Weighted Average Maturity                                      297                     297                          297
Record Date                                             10/31/2002              10/31/2002                   10/31/2002
Principal and Interest Constant                       2,564,145.28              619,046.14                 3,183,191.42
Beginning Loan Count                                         2,187                     577                        2,764
Loans Paid in Full                                               6                       2                            8
Ending Loan Count                                            2,181                     575                        2,756
Beginning Scheduled Balance                         849,895,714.49          199,939,490.70             1,049,835,205.19
Ending Scheduled Balance                            844,982,270.32          198,448,022.98             1,043,430,293.30
Scheduled Principal                                           0.00                    0.00                         0.00
Unscheduled Principal                                 4,913,444.17            1,491,467.72                 6,404,911.89
Scheduled Interest                                    2,564,145.28              619,046.14                 3,183,191.42
Servicing Fee                                           177,061.61               41,654.06                   218,715.67
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                                          2,387,083.67              577,392.08                 2,964,475.75
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

Group 1

<TABLE>
<S>                                                              <C>
One Month LIBOR Loans                                            403,782,572.53
Six Month LIBOR Loans                                            441,199,697.79
Pro Rata Senior Percentage                                            96.748778%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                       0.00000%

Group 2

Pro Rata Senior Percentage                                            96.747433%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
</TABLE><PAGE>

                                  EXHIBIT 10.1

CONTACTS

<TABLE>
--------------------------------------------------------------------------------
<S>                        <C>
Administrator:             Kumar X. Khambhaita
Direct Phone No:           (714) 247-6327
Address:                   Deutsche Bank
                           1761 E. St. Andrew Place
                           Santa Ana, CA 92705

Web Site:                  http://www-apps.gis.deutsche-bank.com/invr
Factor Information:        (800) 735-7777
Main Phone No:             (714) 247-6000
--------------------------------------------------------------------------------
</TABLE>

ISSUANCE INFORMATION

<TABLE>
--------------------------------------------------------------------------------------------------------------------
<S>                     <C>                                          <C>                        <C>
Seller:                 Redwood Trust                                Cut-Off Date:              April 1, 2002
Certificate Insurer:                                                 Closing Date:              April 26, 2002
Servicer(s):            Cendant Mortgage Corporation                 First Payment Date:        May 20, 2002
                        Morgan Stanley Dean Witter

Underwriter(s):         Greenwich Capital Markets, Inc.              Distribution Date:         October 21, 2002
                        Bear, Stearns & Co. Inc.                     Record Date:               October 18, 2002
                                                                                                September 30, 2002
--------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                            SEQUOIA MORTGAGE TRUST 6
                          COLLATERALIZED MORTGAGE BONDS
              BOND PAYMENT REPORT FOR OCTOBER 21, 2002 DISTRIBUTION

Distribution in Dollars - Current Period

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------
                                        Prior
          Class        Original       Principal                                     Total
 Class    Type        Face Value       Balance        Interest      Principal    Distribution
----------------------------------------------------------------------------------------------
                                         (1)            (2)            (3)       (4)=(2)+(3)
----------------------------------------------------------------------------------------------
<S>       <C>       <C>             <C>              <C>           <C>           <C>
 LT-A               496,378,000.00  474,590,155.00   1,300,128.11  3,512,214.24   4,812,342.35
 LT-A2                      100.00               -              -             -              -
 LT-X                       100.00               -              -             -              -
LT-B-1                                                                        -
                      5,915,000.00    5,915,000.00      16,204.00                    16,204.00
     -                5,143,000.00    5,143,000.00      14,089.12             -      14,089.12
----------------------------------------------------------------------------------------------
LT-B-3                2,315,000.00    2,315,000.00       6,341.89             -       6,341.89
LT-B-4                1,534,000.00    1,534,000.00       4,202.36             -       4,202.36
LT-B-5                1,028,000.00    1,028,000.00       2,816.18             -       2,816.18
LT-B-6                2,068,996.83    2,068,996.83       5,667.97             -       5,667.97
 LT-R                            -               -              -             -              -
----------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------
Total               514,382,196.83  492,594,151.83   1,349,449.63  3,512,214.24   4,861,663.87
----------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------
                                     Current
        Realized     Deferred       Principal
 Class   Losses      Interest        Balance
------------------------------------------------
          (5)           (6)       (7)=(1)-(3)-
                                    (5)+(6)
------------------------------------------------
<S>     <C>          <C>          <C>
 LT-A           -             -   471,077,940.76
 LT-A2          -             -                -
 LT-X           -             -                -
LT-B-1          -             -
                                    5,915,000.00
     -          -             -     5,143,000.00
------------------------------------------------
LT-B-3          -             -     2,315,000.00
LT-B-4          -             -     1,534,000.00
LT-B-5          -             -     1,028,000.00
LT-B-6          -             -     2,068,996.83
 LT-R           -             -                -
------------------------------------------------

------------------------------------------------
Total           -             -   489,081,937.59
------------------------------------------------
</TABLE>

Interest Accrual Detail                 Current Period Factor Information per
                                        $1,000 of Original Face

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
                                                  Orig. Principal     Prior
         Period    Period                         (with Notional)   Principal
 Class   Starting  Ending    Method      Cusip        Balance        Balance       Interest     Principal
-----------------------------------------------------------------------------------------------------------
                                                                       (1)           (2)           (3)
-----------------------------------------------------------------------------------------------------------
<S>      <C>       <C>      <C>          <C>      <C>              <C>             <C>          <C>
 LT-A                       A-30/360               496,378,000.00    956.106344       2.619230     7.075685
 LT-A2                      A-30/360                       100.00             -              -            -
 LT-X                       A-30/360                       100.00             -              -            -
LT-B-1                      A-30/360                 5,915,000.00  1,000.000000       2.739476            -
LT-B-2                      A-30/360                 5,143,000.00  1,000.000000       2.739475            -
-----------------------------------------------------------------------------------------------------------
LT-B-3                      A-30/360                 2,315,000.00  1,000.000000       2.739477            -
LT-B-4                      A-30/360                 1,534,000.00  1,000.000000       2.739478            -
LT-B-5                      A-30/360                 1,028,000.00  1,000.000000       2.739475            -
LT-B-6                      A-30/360                 2,068,996.83  1,000.000000       2.739477            -
 LT-R                       A-30/360                            -             -              -            -
-----------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
---------------------------------------
                            Current
              Total        Principal
 Class     Distribution     Balance
---------------------------------------
            (4)=(2)+(3)       (5)
---------------------------------------
<S>        <C>             <C>
 LT-A           9.694915     949.030660
 LT-A2                 -              -
 LT-X                  -              -
LT-B-1          2.739476   1,000.000000
LT-B-2          2.739475   1,000.000000
---------------------------------------
LT-B-3          2.739477   1,000.000000
LT-B-4          2.739478   1,000.000000
LT-B-5          2.739475   1,000.000000
LT-B-6          2.739477   1,000.000000
 LT-R                  -              -
---------------------------------------
</TABLE>

Distribution in Dollars - to Date

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
            Original                    Unscheduled    Scheduled        Total          Total
 Class     Face Value     Interest       Principal     Principal      Principal     Distribution
-------------------------------------------------------------------------------------------------
              (1)            (2)            (3)           (4)        (5)=(3)+(4)     (6)=(2)+(5)
-------------------------------------------------------------------------------------------------
<S>      <C>              <C>           <C>            <C>          <C>             <C>
 LT-A    496,378,000.00   7,964,302.64  25,300,059.24           -   25,300,059.24   33,264,361.88
 LT-A2           100.00           0.27         100.00           -          100.00          100.27
 LT-X            100.00              -         100.00           -          100.00          100.00
LT-B-1     5,915,000.00      97,184.80              -           -               -       97,184.80
LT-B-2     5,143,000.00      84,500.66              -           -               -       84,500.66
LT-B-3     2,315,000.00      38,035.98              -           -               -       38,035.98
LT-B-4     1,534,000.00      25,203.97              -           -               -       25,203.97
LT-B-5     1,028,000.00      16,890.28              -           -               -       16,890.28
LT-B-6     2,068,996.83      33,994.10              -           -               -       33,994.10
 LT-R                 -              -              -           -               -               -
-------------------------------------------------------------------------------------------------
 Total   514,382,196.83   8,260,112.70  25,300,259.24           -   25,300,259.24   33,560,371.94
-------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------
                                      Current
        Realized     Deferred        Principal
 Class   Losses      Interest         Balance
-------------------------------------------------
          (7)           (8)         (9)=(1)-(5)-
                                      (7)+(8)
-------------------------------------------------
<S>     <C>          <C>           <C>
 LT-A           -             -    471,077,940.76
 LT-A2          -             -                 -
 LT-X           -             -                 -
LT-B-1          -             -      5,915,000.00
LT-B-2          -             -      5,143,000.00
LT-B-3          -             -      2,315,000.00
LT-B-4          -             -      1,534,000.00
LT-B-5          -             -      1,028,000.00
LT-B-6          -             -      2,068,996.83
 LT-R           -             -                 -
-------------------------------------------------
 Total          -             -    489,081,937.59
-------------------------------------------------
</TABLE>

<PAGE>

Interest Detail

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------
           Pass-     Prior Principal                    Non-          Prior      Unscheduled
          Through    (with Notional)     Accrued      Supported      Unpaid        Interest
 Class      Rate         Balance         Interest    Interest SF    Interest     Adjustments
----------------------------------------------------------------------------------------------
                                           (1)           (2)           (3)           (4)
----------------------------------------------------------------------------------------------
<S>       <C>        <C>               <C>           <C>            <C>          <C>
 LT-A      3.28737%    474,590,155.00  1,300,128.11            -             -              -
 LT-A2     3.28737%                 -             -            -             -              -
 LT-X                               -             -            -             -              -
LT-B-1     3.28737%      5,915,000.00     16,204.00            -             -              -
LT-B-2     3.28737%      5,143,000.00     14,089.12            -             -              -
----------------------------------------------------------------------------------------------
LT-B-3     3.28737%      2,315,000.00      6,341.89            -             -              -
LT-B-4     3.28737%      1,534,000.00      4,202.36            -             -              -
LT-B-5     3.28737%      1,028,000.00      2,816.18            -             -              -
LT-B-6     3.28737%      2,068,996.83      5,667.97            -             -              -
 LT-R                               -             -            -             -              -
----------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------
 Total                 492,594,151.83  1,349,449.63            -             -              -
----------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
---------------------------------------------------
                         Paid or        Current
            Optimal      Deferred        Unpaid
 Class      Interest     Interest       Interest
---------------------------------------------------
           (5)=(1)-        (6)         (7)=(5)-(6)
          (2)+(3)+(4)
---------------------------------------------------
<S>       <C>           <C>            <C>
 LT-A     1,300,128.11  1,300,128.11             -
 LT-A2               -             -             -
 LT-X                -             -             -
LT-B-1       16,204.00     16,204.00             -
LT-B-2       14,089.12     14,089.12             -
---------------------------------------------------
LT-B-3        6,341.89      6,341.89             -
LT-B-4        4,202.36      4,202.36             -
LT-B-5        2,816.18      2,816.18             -
LT-B-6        5,667.97      5,667.97             -
 LT-R                -             -             -
---------------------------------------------------

---------------------------------------------------

 Total    1,349,449.63             -             -
---------------------------------------------------
</TABLE>

Distribution in Dollars - Current Period

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
                                         Prior
          Class       Original         Principal                                    Total
 Class     Type      Face Value         Balance       Interest      Principal    Distribution
---------------------------------------------------------------------------------------------
                                          (1)            (2)           (3)       (4)=(2)+(3)
---------------------------------------------------------------------------------------------
<S>       <C>     <C>              <C>             <C>           <C>             <C>
  A        FLT    496,378,000.00   474,590,155.00    848,084.70  3,512,214.24    4,360,298.94
  X       CSTR            100.00                -    460,558.96             -      460,558.96
 A-R        R             100.00                -             -             -               -
 B-1       SUB      5,915,000.00     5,915,000.00     12,443.09             -       12,443.09
 B-2       SUB      5,143,000.00     5,143,000.00     10,819.07             -       10,819.07
---------------------------------------------------------------------------------------------
 B-3       SUB      2,315,000.00     2,315,000.00      4,869.95             -        4,869.95
 B-4       SUB      1,534,000.00     1,534,000.00      4,202.36             -        4,202.36
 B-5       SUB      1,028,000.00     1,028,000.00      2,816.18             -        2,816.18
 B-6       SUB      2,068,996.00     2,068,996.00      5,667.96             -        5,667.96
---------------------------------------------------------------------------------------------
Total             514,382,196.00   492,594,151.00  1,349,462.27  3,512,214.24    4,861,676.51
---------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------
                                      Current
          Realized     Deferred      Principal
 Class     Losses      Interest       Balance
--------------------------------------------------
            (5)           (6)        (7)=(1)-(3)-
                                       (5)+(6)
--------------------------------------------------
<S>       <C>          <C>          <C>
  A             -             -     471,077,940.76
  X             -             -                  -
 A-R            -             -                  -
 B-1            -             -       5,915,000.00
 B-2            -             -       5,143,000.00
--------------------------------------------------
 B-3            -             -       2,315,000.00
 B-4            -             -       1,534,000.00
 B-5            -             -       1,028,000.00
 B-6            -             -       2,068,996.00
--------------------------------------------------
Total           -             -     489,081,936.76
--------------------------------------------------
</TABLE>

Definitive Bond Record Date: 9/30/02

Interest Accrual Detail                Current Period Factor Information per
                                       $1,000 of Original Face

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------
                                                  Orig. Principal    Prior
          Period    Period                        (with Notional)   Principal
 Class   Starting   Ending    Method     Cusip       Balance        Balance          Interest
------------------------------------------------------------------------------------------------
                                                                       (1)              (2)
------------------------------------------------------------------------------------------------
<S>      <C>       <C>       <C>       <C>        <C>             <C>           <C>
 A       09/19/02  10/18/02  A-30/360  81743XAA7  496,378,000.00    956.106344          1.708546
 X                           A-30/360  SQ0201UPX          100.00             -  4,605,589.600000
A-R                          A-30/360  81743XAC3          100.00             -                 -
B-1      09/19/02  10/18/02  A-30/360  81743XAB5    5,915,000.00  1,000.000000          2.103650
B-2      09/19/02  10/18/02  A-30/360  81743XAD1    5,143,000.00  1,000.000000          2.103650
------------------------------------------------------------------------------------------------
B-3      09/19/02  10/18/02  A-30/360  81743XAE9    2,315,000.00  1,000.000000          2.103650
B-4                          A-30/360  SQ0201UB4    1,534,000.00  1,000.000000          2.739478
B-5                          A-30/360  SQ0201UB5    1,028,000.00  1,000.000000          2.739475
B-6                          A-30/360  SQ0201UB6    2,068,996.00  1,000.000000          2.739474
------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------
                                       Current
                         Total        Principal
 Class  Principal    Distribution      Balance
-------------------------------------------------
            (3)       (4)=(2)+(3)        (5)
-------------------------------------------------
<S>     <C>        <C>               <C>
 A       7.075685          8.784231    949.030660
 X              -  4,605,589.600000             -
A-R             -                 -             -
B-1             -          2.103650  1,000.000000
B-2             -          2.103650  1,000.000000
-------------------------------------------------
B-3             -          2.103650  1,000.000000
B-4             -          2.739478  1,000.000000
B-5             -          2.739475  1,000.000000
B-6             -          2.739474  1,000.000000
-------------------------------------------------
</TABLE>

Interest will accrue on all Bonds on the basis of a 360-day year consisting of
twelve 30-day months.

<PAGE>

Distribution in Dollars - to Date

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------
            Original                    Unscheduled    Scheduled       Total         Total
 Class     Face Value      Interest      Principal     Principal     Principal    Distribution
----------------------------------------------------------------------------------------------
              (1)             (2)           (3)           (4)       (5)=(3)+(4)   (6)=(2)+(5)
----------------------------------------------------------------------------------------------
<S>      <C>             <C>           <C>             <C>        <C>            <C>
  A      496,378,000.00  5,007,055.73  25,300,059.24          -   25,300,059.24  30,307,114.97
  X              100.00  3,014,332.55         100.00          -          100.00   3,014,432.55
 A-R             100.00          0.27         100.00          -          100.00         100.27
 B-1       5,915,000.00     71,951.27              -          -               -      71,951.27
 B-2       5,143,000.00     62,560.52              -          -               -      62,560.52
 B-3       2,315,000.00     28,160.13              -          -               -      28,160.13
 B-4       1,534,000.00     25,203.97              -          -               -      25,203.97
 B-5       1,028,000.00     16,890.28              -          -               -      16,890.28
 B-6       2,068,996.00     33,994.07              -          -               -      33,994.07
----------------------------------------------------------------------------------------------
Total    514,382,196.00  8,260,148.79  25,300,259.24          -   25,300,259.24  33,560,408.03
----------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-----------------------------------------------
                                     Current
         Realized     Deferred      Principal
 Class    Losses      Interest       Balance
-----------------------------------------------
           (7)           (8)      (9)=(1)-(5)-
                                     (7)+(8)
-----------------------------------------------
<S>      <C>          <C>        <C>
  A             -            -   471,077,940.76
  X             -            -                -
 A-R            -            -                -
 B-1            -            -     5,915,000.00
 B-2            -            -     5,143,000.00
 B-3            -            -     2,315,000.00
 B-4            -            -     1,534,000.00
 B-5            -            -     1,028,000.00
 B-6            -            -     2,068,996.00
-----------------------------------------------
Total           -            -   489,081,936.76
-----------------------------------------------
</TABLE>

Interest Detail

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
          Pass-    Prior Principal                   Non-         Prior      Unscheduled                   Paid or       Current
         Through   (with Notional)      Accrued    Supported     Unpaid        Interest      Optimal      Deferred        Unpaid
 Class    Rate         Balance         Interest   Interest SF   Interest     Adjustments     Interest     Interest       Interest
-----------------------------------------------------------------------------------------------------------------------------------
                                          (1)         (2)          (3)           (4)        (5)=(1)-         (6)        (7)=(5)-(6)
                                                                                            (2)+(3)+(4)
-----------------------------------------------------------------------------------------------------------------------------------
<S>     <C>       <C>               <C>           <C>           <C>          <C>            <C>           <C>           <C>
  A     2.14438%  474,590,155.00      848,084.70           -           -               -      848,084.70    848,084.70           -
  X     1.13258%               -      460,558.96           -           -               -      460,558.96    460,558.96           -
  -     3.28737%               -               -           -           -               -               -             -           -
 B-1    2.52438%    5,915,000.00       12,443.09           -           -               -       12,443.09     12,443.09           -
 B-2    2.52438%    5,143,000.00       10,819.07           -           -               -       10,819.07     10,819.07           -
-----------------------------------------------------------------------------------------------------------------------------------
 B-3    2.52438%    2,315,000.00        4,869.95           -           -               -        4,869.95      4,869.95           -
 B-4    3.28737%    1,534,000.00        4,202.36           -           -               -        4,202.36      4,202.36           -
 B-5    3.28737%    1,028,000.00        2,816.18           -           -               -        2,816.18      2,816.18           -
 B-6    3.28737%    2,068,996.00        5,667.96           -           -               -        5,667.96      5,667.96           -
-----------------------------------------------------------------------------------------------------------------------------------
Total             492,594,151.00    1,349,462.27           -           -               -    1,349,462.27  1,349,462.27           -
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLECTION ACCOUNT REPORT
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
SUMMARY                                                                    TOTAL
--------------------------------------------------------------------------------
<S>                                                                 <C>
Principal Collections                                               3,512,214.24
Principal Withdrawals                                                       0.00
Principal Other Accounts                                                    0.00
TOTAL PRINCIPAL                                                     3,512,214.24

Interest Collected                                                  1,369,263.03
Interest Withdrawals                                                        0.00
Interest Other Accounts                                                    12.65
Fees                                                                  (19,813.41)
TOTAL INTEREST                                                      1,349,462.27

TOTAL AVAILABLE TO CERTIFICATEHOLDERS                               4,861,676.51
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
PRINCIPAL - COLLECTIONS                                                    TOTAL
--------------------------------------------------------------------------------
<S>                                                                 <C>
Scheduled Principal                                                         0.00
Curtailments                                                          502,204.76
Prepayments In Full                                                 3,010,009.48
Repurchased Principal Amounts                                               0.00
Substitution Principal Amount                                               0.00
Liquidations                                                                0.00
Insurance Principal                                                         0.00
Other Principal                                                             0.00
Total Realized Loss Of Principal                                            0.00

TOTAL PRINCIPAL COLLECTED                                           3,512,214.24
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
PRINCIPAL - WITHDRAWALS                                                    TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
                         SPACE INTENTIONALLY LEFT BLANK

--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
PRINCIPAL - OTHER ACCOUNTS                                                 TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
Amounts remaining in Pre-Funding Account                                    0.00
--------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
INTEREST - COLLECTIONS                                                     TOTAL
--------------------------------------------------------------------------------
<S>                                                                <C>
Scheduled Interest                                                  1,505,706.04
Repurchased Interest                                                        0.00
Substitution Interest Amount                                                0.00
Liquidation Interest                                                        0.00
Insurance Interest                                                          0.00
Other Interest                                                              0.00

Delinquent Interest                                                (1,327,833.87)
Interest Advanced                                                   1,191,390.86
Prepayment Interest Shortfalls                                         (2,328.57)
Compensating Interest                                                   2,328.57
Civil Relief Act Shortfalls                                                 0.00

TOTAL INTEREST COLLECTED                                            1,369,263.03
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
INTEREST - WITHDRAWALS                                                     TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
Current Nonrecoverable Advances                                             0.00

TOTAL INTEREST WITHDRAWALS                                                  0.00
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
INTEREST - OTHER ACCOUNTS                                                  TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
Basis Risk Shortfall                                                        0.00
Basis Risk Reserve Fund Interest Earnings                                  12.65

TOTAL INTEREST OTHER ACCOUNTS                                              12.65
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
INTEREST - FEES                                                            TOTAL
--------------------------------------------------------------------------------
<S>                                                                    <C>
Current Servicing Fees                                                 18,171.43
Trustee Fee                                                             1,641.98

TOTAL FEES                                                             19,813.41
--------------------------------------------------------------------------------
</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            CREDIT ENHANCEMENT REPORT
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
ACCOUNTS                                                                   TOTAL
--------------------------------------------------------------------------------
<S>                                                                    <C>
BASIS RISK RESERVE FUND

Beginning Balance                                                      10,000.00
Basis Risk Deposit                                                          0.00
Basis Risk Shortfall paid                                                   0.00
Investment Earnings distributed to the Class X Bondholder                  12.65
Ending Balance                                                         10,000.00
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
INSURANCE                                                                  TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
                         SPACE INTENTIONALLY LEFT BLANK

--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
STRUCTURAL FEATURES                                                        TOTAL
--------------------------------------------------------------------------------
<S>                                                                  <C>
Pro Rata Senior Percentage                                            96.345065%
Senior Percentage                                                    100.000000%
Subordinate Percentage                                                 0.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
--------------------------------------------------------------------------------
</TABLE>

<PAGE>

------------------------------------------------------------------------------
                                COLLATERAL REPORT
------------------------------------------------------------------------------

<TABLE>
<CAPTION>
COLLATERAL                                                               TOTAL
------------------------------------------------------------------------------
<S>                                                             <C>
   Loan Count:
ORIGINAL                                                                  1254
Prior                                                                    1,213
Prefunding                                                                   -
Scheduled Paid Offs                                                          -
Full Voluntary Prepayments                                                 (11)
Repurchases                                                                  -
Liquidations                                                                 -
------------------------------------------------------------------------------
Current                                                                  1,202

PRINCIPAL BALANCE:
Original                                                        514,382,196.83
Prior                                                           492,594,151.83
Prefunding                                                                   -
Scheduled Principal                                                          -
Partial and Full Voluntary Prepayments                           (3,512,214.24)
Repurchases                                                                  -
Liquidations                                                                 -
------------------------------------------------------------------------------
Current                                                         489,081,937.59
------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
PREFUNDING                                                               TOTAL
------------------------------------------------------------------------------
<S>                                                                      <C>
                         SPACE INTENTIONALLY LEFT BLANK

------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
CHARACTERISTICS                                                           TOTAL
-------------------------------------------------------------------------------
<S>                                                                    <C>
Weighted Average Coupon Original                                       3.667751%
Weighted Average Coupon Prior                                          3.692586%
Weighted Average Coupon Current                                        3.668024%
-------------------------------------------------------------------------------
Weighted Average Months to Maturity Original                                297
Weighted Average Months to Maturity Prior                                   293
Weighted Average Months to Maturity Current                                 292
-------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original                           296
Weighted Avg Remaining Amortization Term Prior                              292
Weighted Avg Remaining Amortization Term Current                            291
-------------------------------------------------------------------------------
Weighted Average Seasoning Original                                        3.66
Weighted Average Seasoning Prior                                           7.65
Weighted Average Seasoning Current                                         8.64
-------------------------------------------------------------------------------
</TABLE>

Note: Original information refers to deal issue.

<PAGE>

<TABLE>
<CAPTION>
ARM CHARACTERISTICS                                                       TOTAL
-------------------------------------------------------------------------------
<S>                                                                     <C>
Weighted Average Margin Original                                         1.652%
Weighted Average Margin Prior                                            1.650%
Weighted Average Margin Current                                          1.649%
-------------------------------------------------------------------------------
Weighted Average Max Rate Original                                      12.000%
Weighted Average Max Rate Prior                                         12.000%
Weighted Average Max Rate Current                                       12.000%
-------------------------------------------------------------------------------
Weighted Average Min Rate Original                                       1.652%
Weighted Average Min Rate Prior                                          1.650%
Weighted Average Min Rate Current                                        1.649%
-------------------------------------------------------------------------------
Weighted Average Cap Up Original                                         0.000%
Weighted Average Cap Up Prior                                            0.000%
Weighted Average Cap Up Current                                          0.000%
-------------------------------------------------------------------------------
Weighted Average Cap Down Original                                       0.000%
Weighted Average Cap Down Prior                                          0.000%
Weighted Average Cap Down Current                                        0.000%
-------------------------------------------------------------------------------
</TABLE>

Note: Original information refers to deal issue.

<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES                                                 TOTAL
-------------------------------------------------------------------------------
<S>                                                                <C>
Current Servicing Fees                                                18,171.43
Delinquent Servicing Fees                                            136,443.01
TOTAL SERVICING FEES                                                 154,614.44

Total Servicing Fees                                                 154,614.44
Compensating Interest                                                 (2,328.57)
Delinquent Servicing Fees                                           (136,443.01)
COLLECTED SERVICING FEES                                              15,842.86

Prepayment Interest Shortfall                                          2,328.57

Total Advanced Interest                                            1,191,390.86

Current Nonrecoverable Advances                                            0.00
-------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
ADDITIONAL COLLATERAL INFORMATION                                          TOTAL
--------------------------------------------------------------------------------
<S>                                                                <C>
Mortgage Loans which adjust based on One-Month LIBOR                        0.00
Mortgage Loans which adjust based on Six-Month LIBOR                        0.00

Special Hazard Loss Coverage Amount                                 5,800,000.00
Current Special Hazard Losses                                               0.00
Cumulative Special Hazard Losses                                            0.00
Bankruptcy Loss Coverage Amount                                       100,000.00
Current Bankruptcy Losses                                                   0.00
Cumulative Bankruptcy Losses                                                0.00
Fraud Loss Coverage Amount                                         15,431,466.00
Current Fraud Losses                                                        0.00
Cumulative Fraud Losses                                                     0.00
--------------------------------------------------------------------------------
</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                           DELINQUENCY REPORT - TOTAL
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                       CURRENT       1 PAYMENT       2 PAYMTS       3+ PAYMTS            TOTAL
--------------------------------------------------------------------------------------------------------------
<S>                  <C>               <C>           <C>             <C>            <C>                  <C>
DELINQUENT           Balance                                -               -               -                -
                     % Balance                           0.00%           0.00%           0.00%            0.00%
                     # Loans                                -               -               -                -
                     % # Loans                           0.00%           0.00%           0.00%            0.00%
--------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                -               -               -               -                -
                     % Balance           0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                -               -               -               -                -
                     % # Loans           0.00%           0.00%           0.00%           0.00%            0.00%
--------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                -               -               -               -                -
                     % Balance           0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                -               -               -               -                -
                     % # Loans           0.00%           0.00%           0.00%           0.00%            0.00%
--------------------------------------------------------------------------------------------------------------
REO                  Balance                -               -               -               -                -
                     % Balance           0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                -               -               -               -                -
                     % # Loans           0.00%           0.00%           0.00%           0.00%            0.00%
--------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------
TOTAL                Balance                -               -               -               -                -
                     % Balance           0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                -               -               -               -                -
                     % # Loans           0.00%           0.00%           0.00%           0.00%            0.00%
--------------------------------------------------------------------------------------------------------------
</TABLE>

Note: Current = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+
Payments = 90+

<PAGE>

--------------------------------------------------------------------------------
     REO REPORT - MORTGAGE LOANS THAT BECOME REO DURING CURRENT DISTRIBUTION
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
SUMMARY                                                 LOAN GROUP
----------------------------------------------------------------------------------------------------------------
<S>                                                     <C>
Total Loan Count =   0                                  Loan Group 1  =  MSDW Group;   REO Book Value  =  000.00
Total Original Principal Balance =   000.00
Total Current Balance =   000.00
REO Book Value =   000.00

----------------------------------------------------------------------------------------------------------------
</TABLE>

REO Book Value reported corresponds to total REO loans, including loans that
become REO during current distribution.

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
Loan Number      Original      Stated                     Current        State &
     &          Principal    Principal      Paid to        Note           LTV at       Original      Origination
 Loan Group      Balance      Balance        Date          Rate        Origination       Term           Date
----------------------------------------------------------------------------------------------------------------
<S>             <C>          <C>            <C>           <C>          <C>             <C>           <C>
                                   SPACE INTENTIONALLY LEFT BLANK

----------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

--------------------------------------------------------------------------------
          FORECLOSURE REPORT - MORTGAGE LOANS THAT BECOME FORECLOSURE
                          DURING CURRENT DISTRIBUTION
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
SUMMARY                                              LOAN GROUP
--------------------------------------------------------------------------------
<S>                                                  <C>
Total Loan Count =   0                               Loan Group 1  =  MSDW Group
Total Original Principal Balance =   000.00
Total Current Balance =   000.00

--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
Loan Number      Original      Stated                     Current        State &
     &          Principal    Principal      Paid to        Note           LTV at       Original      Origination
 Loan Group      Balance      Balance        Date          Rate        Origination       Term           Date
----------------------------------------------------------------------------------------------------------------
<S>             <C>          <C>            <C>           <C>          <C>             <C>           <C>
                                   SPACE INTENTIONALLY LEFT BLANK

----------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                    PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENTS                                                     TOTAL
-------------------------------------------------------------------------------
<S>                                                               <C>
CURRENT
Number of Paid in Full Loans                                                 11
Number of Repurchased Loans                                                   -
-------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full                                        11

Paid in Full Balance                                               3,010,009.48
Repurchased Loans Balance                                                     -
Curtailments Amount                                                  502,204.76
-------------------------------------------------------------------------------
Total Prepayment Amount                                            3,512,214.24

CUMULATIVE
Number of Paid in Full Loans                                                 52
Number of Repurchased Loans                                                   -
-------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full                                        52

Paid in Full Balance                                              20,595,668.53
Repurchased Loans Balance                                                     -
Curtailments Amount                                                4,704,590.71
-------------------------------------------------------------------------------
Total Prepayment Amount                                           25,300,259.24

                         SPACE INTENTIONALLY LEFT BLANK

-------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES                                                 TOTAL
--------------------------------------------------------------------------------
<S>                                                                      <C>
SMM                                                                        0.71%
3 Months Avg SMM                                                           0.74%
12 Months Avg SMM
Avg SMM Since Cut-off                                                      0.84%

CPR                                                                        8.23%
3 Months Avg CPR                                                           8.50%
12 Months Avg CPR
Avg CPR Since Cut-off                                                      9.60%

PSA                                                                      476.18%
3 Months Avg PSA Approximation                                           555.81%
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation                                      779.89%

--------------------------------------------------------------------------------
</TABLE>

<PAGE>

PREPAYMENT CALCULATION METHODOLOGY
--------------------------------------------------------------------------------
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments +
Repurchases)/(Beg Principal Balance - Sched Principal)

Conditional Prepayment Rate (CPR): 1-((1-SMM)(raised to the power of)12)

PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))

Average SMM over period between nth month and mth month
(AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)](raised to the power of)
(1/months in period n,m)

Average CPR over period between the nth month and mth month (AvgCPRn,m):
1-((1-AvgSMMn,m)(raised to the power of)12)

Average PSA Approximation over period between the nth month
and mth month: AvgCPRn,m/(0.02*Avg WASn,m))

Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of
months in the period n,m)

Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial
      and full voluntary prepayments and repurchases. Dates correspond to
      distribution dates.
--------------------------------------------------------------------------------

<PAGE>

--------------------------------------------------------------------------------
  PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
SUMMARY                                                 LOAN GROUP
----------------------------------------------------------------------------------------
<S>                                                     <C>
Total Loan Count =   11                                 Loan Group 1    =    MSDW Group
Total Original Principal Balance =   3,014,046.33
Total Prepayment Amount =   3,010,009.48

----------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
Loan Number               Original                                      Current       State &      Type Prepayment
     &          Loan     Principal      Prepayment      Prepayment       Note          LTV at             &           Origination
Loan Group     Status     Balance         Amount           Date          Rate       Origination     Original Term        Date
---------------------------------------------------------------------------------------------------------------------------------
<S>            <C>       <C>            <C>             <C>             <C>        <C>             <C>                <C>
390438220 1              250,000.00      250,000.00      Sep-27-02      3.625%     TN  - 100.00%     Paid Off - 300    Sep-17-01
390439202 1              356,446.33      356,446.33      Sep-24-02      3.375%     NY  -  95.05%     Paid Off - 300    Sep-12-01
390440519 1              307,600.00      307,600.00      Sep-30-02      4.000%     FL  -  52.14%     Paid Off - 300    Dec-10-01
390441522 1              160,000.00      160,000.00      Sep-27-02      3.375%     TX  -  94.67%     Paid Off - 300    Oct-05-01
390442837 1              440,000.00      440,000.00      Sep-16-02      4.375%     NV  -  80.00%     Paid Off - 300    Oct-26-01
390443876 1              132,800.00      130,115.00      Sep-19-02      3.875%     AZ  -  80.00%     Paid Off - 300    Nov-28-01
390444993 1              113,000.00      112,483.17      Sep-25-02      3.750%     MT  -  70.19%     Paid Off - 300    Dec-17-01
390445766 1              350,000.00      350,000.00      Sep-24-02      3.375%     FL  - 100.00%     Paid Off - 300    Dec-21-01
390445947 1              430,000.00      430,000.00      Sep-20-02      3.375%     MA  -  44.10%     Paid Off - 300    Jan-11-02
390447402 1              276,000.00      275,166.25      Sep-25-02      3.625%     NJ  -  80.00%     Paid Off - 300    Jan-23-02
390448278 1              198,200.00      198,198.73      Sep-30-02      3.625%     IL  -  79.92%     Paid Off - 300    Feb-12-02

---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

-------------------------------------------------------------------------------
                        REALIZED LOSS REPORT - COLLATERAL
-------------------------------------------------------------------------------

<TABLE>
<CAPTION>
COLLATERAL REALIZED LOSSES                                                 TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
CURRENT
Number of Loans Liquidated                                                     -
Collateral Realized Loss/(Gain) Amount                                         -
Net Liquidation Proceeds                                                       -

CUMULATIVE
Number of Loans Liquidated                                                     -
Collateral Realized Loss/(Gain) Amount                                         -
Net Liquidation Proceeds                                                       -
</TABLE>

Note: Collateral realized losses may include adjustments to loans liquidated in
prior periods.

                         SPACE INTENTIONALLY LEFT BLANK

--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
DEFAULT SPEEDS                                                             TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
MDR                                                                        0.00%
3 Months Avg MDR                                                           0.00%
12 Months Avg MDR
Avg MDR Since Cut-off                                                      0.00%

CDR                                                                        0.00%
3 Months Avg CDR                                                           0.00%
12 Months Avg CDR
Avg CDR Since Cut-off                                                      0.00%

SDA                                                                        0.00%
3 Months Avg SDA Approximation                                             0.00%
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation                                        0.00%

Loss Severity Approximation for Current Period
3 Months Avg Loss Severity Approximation
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off

--------------------------------------------------------------------------------
</TABLE>

<PAGE>

COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
--------------------------------------------------------------------------------
Monthly Default Rate (MDR):    (Beg Principal Balance of Liquidated
Loans)/(Total Beg Principal Balance)

Conditional Default Rate (CDR): 1-((1-MDR)(raised to the power of)12)

SDA Standard Default Assumption:
CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))

Average MDR over period between nth month and mth month (AvgMDRn,m):
[(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)](raised to the power of)(1/months in
period n,m)

Average CDR over period between the nth month and mth month (AvgCDRn,m):
1-((1-AvgMDRn,m)(raised to the power of)12)

Average SDA Approximation over period between the nth month and mth month:

AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,
m)*0.02-0.0095*(Avg WASn,m-60)))

Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the
period n,m)

Loss Severity Approximation for current period: sum (Realized Loss
Amount)/sum(Beg Principal Balance of Liquidated Loans)

Average Loss Severity Approximation over period between nth month and mth month:
Avg(Loss Severityn,m)

Note: Default rates are calculated since deal issue date and include realized
gains and additional realized losses and gains from prior periods.

      Dates correspond to distribution dates.
--------------------------------------------------------------------------------

<PAGE>

--------------------------------------------------------------------------------
   REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
SUMMARY                                       LOAN GROUP
-------------------------------------------------------------------------------
<S>                                           <C>
Total Loan Count =   0                        Loan Group 1    =    MSDW Group
Total Original Principal Balance =  0.00
Total Prior Principal Balance =   0.00
Total Realized Loss Amount =   0.00
Total Net Liquidation Proceeds =   0.00
-------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
Loan Number               Original         Prior                         Current       State &
     &           Loan     Principal      Principal        Realized        Note          LTV at         Original       Origination
Loan Group      Status     Balance        Balance       Loss/(Gain)       Rate       Origination         Term            Date
---------------------------------------------------------------------------------------------------------------------------------
<S>             <C>       <C>            <C>            <C>              <C>         <C>               <C>            <C>
                                               SPACE INTENTIONALLY LEFT BLANK

---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

--------------------------------------------------------------------------------
               TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
TRIGGER EVENTS                                                             TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
                         SPACE INTENTIONALLY LEFT BLANK

--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
ADJUSTABLE RATE CERTIFICATE INFORMATION                                    TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
                         SPACE INTENTIONALLY LEFT BLANK

--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
ADDITIONAL INFORMATION                                                     TOTAL
--------------------------------------------------------------------------------
<S>                                                                        <C>
Basis Risk Shortfall
Class A                                                                     0.00
Class B-1                                                                   0.00
Class B-2                                                                   0.00
Class B-3                                                                   0.00
Unpaid Basis Risk Shortfall
Class A                                                                     0.00
Class B-1                                                                   0.00
Class B-2                                                                   0.00
Class B-3                                                                   0.00

--------------------------------------------------------------------------------
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00046-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00046-of-00352.parquet"}]]