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 2002-11
                           RECORD DATE: APRIL 30, 2003
                         DISTRIBUTION DATE: MAY 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------
                     Certificate   Certificate
                        Class      Pass-Through          Beginning          Interest
Class      CUSIP     Description       Rate         Certificate Balance   Distribution
--------------------------------------------------------------------------------------
<S>      <C>         <C>           <C>              <C>                  <C>
  A      81744AAA6       SEN         1.77938%         670,237,852.46       993,839.86
X-1A     81744AAC2        IO         0.94222%                   0.00       147,677.87
X-1B     81744AAD0        IO         1.08500%                   0.00       435,951.44
 X-B     81744AAE8        IO         0.52494%                   0.00         4,254.60
 A-R     81744AAF5       SEN         3.26676%                   0.00             0.00
 B-1     81744AAB4       SUB         2.29938%           9,726,000.00        18,636.47
 B-2     81744AAG3       SUB         2.82432%           5,764,000.00        13,566.13
 B-3     81744AAH1       SUB         2.82432%           3,962,000.00         9,324.95
 B-4     SMT0211B4       SUB         2.82432%           1,801,000.00         4,238.83
 B-5     SMT0211B5       SUB         2.82432%           1,080,000.00         2,541.88
 B-6     SMT0211B6       SUB         2.82432%           2,882,787.00         6,784.92
--------------------------------------------------------------------------------------
Totals                                                695,453,639.46     1,636,816.95
--------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------
                         Principal       Current      Ending Certificate         Total         Cumulative
Class      CUSIP       Distribution   Realized Loss        Balance            Distribution    Realized Loss
-----------------------------------------------------------------------------------------------------------
<S>      <C>           <C>            <C>             <C>                     <C>             <C>
  A      81744AAA6     4,168,461.65       0.00          666,069,390.81        5,162,301.51        0.00
X-1A     81744AAC2             0.00       0.00                    0.00          147,677.87        0.00
X-1B     81744AAD0             0.00       0.00                    0.00          435,951.44        0.00
 X-B     81744AAE8             0.00       0.00                    0.00            4,254.60        0.00
 A-R     81744AAF5             0.00       0.00                    0.00                0.00        0.00
 B-1     81744AAB4             0.00       0.00            9,726,000.00           18,636.47        0.00
 B-2     81744AAG3             0.00       0.00            5,764,000.00           13,566.13        0.00
 B-3     81744AAH1             0.00       0.00            3,962,000.00            9,324.95        0.00
 B-4     SMT0211B4             0.00       0.00            1,801,000.00            4,238.83        0.00
 B-5     SMT0211B5             0.00       0.00            1,080,000.00            2,541.88        0.00
 B-6     SMT0211B6             0.00       0.00            2,882,787.00            6,784.92        0.00
-----------------------------------------------------------------------------------------------------------
Totals                 4,168,461.65       0.00          691,285,177.81        5,805,278.60        0.00
-----------------------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------
                             Beginning      Scheduled      Unscheduled
          Original Face     Certificate     Principal       Principal
Class         Amount          Balance      Distribution   Distribution   Accretion
----------------------------------------------------------------------------------
<S>      <C>              <C>              <C>            <C>            <C>
  A      695,210,000.00   670,237,852.46       0.00       4,168,461.65      0.00
X-1A               0.00             0.00       0.00               0.00      0.00
X-1B               0.00             0.00       0.00               0.00      0.00
 X-B               0.00             0.00       0.00               0.00      0.00
 A-R             100.00             0.00       0.00               0.00      0.00
 B-1       9,726,000.00     9,726,000.00       0.00               0.00      0.00
 B-2       5,726,000.00     5,764,000.00       0.00               0.00      0.00
 B-3       3,962,000.00     3,962,000.00       0.00               0.00      0.00
 B-4       1,801,000.00     1,801,000.00       0.00               0.00      0.00
 B-5       1,080,000.00     1,080,000.00       0.00               0.00      0.00
 B-6       2,882,787.00     2,882,787.00       0.00               0.00      0.00
----------------------------------------------------------------------------------
Totals   720,425,887.00   695,453,639.46       0.00       4,168,461.65      0.00
----------------------------------------------------------------------------------

<CAPTION>
----------------------------------------------------------------------------------------------
        Realized   Total Principal   Ending Certificate   Ending Certificate   Total Principal
Class   Loss (1)      Reduction            Balance            Percentage        Distribution
----------------------------------------------------------------------------------------------
<S>     <C>        <C>               <C>                  <C>                  <C>
  A       0.00       4,168,461.65      666,069,390.81         0.95808373        4,168,461.65
X-1A      0.00               0.00                0.00         0.00000000                0.00
X-1B      0.00               0.00                0.00         0.00000000                0.00
 X-B      0.00               0.00                0.00         0.00000000                0.00
 A-R      0.00               0.00                0.00         0.00000000                0.00
 B-1      0.00               0.00        9,726,000.00         1.00000000                0.00
 B-2      0.00               0.00        5,764,000.00         1.00000000                0.00
 B-3      0.00               0.00        3,962,000.00         1.00000000                0.00
 B-4      0.00               0.00        1,801,000.00         1.00000000                0.00
 B-5      0.00               0.00        1,080,000.00         1.00000000                0.00
 B-6      0.00               0.00        2,882,787.00         1.00000000                0.00
----------------------------------------------------------------------------------------------
Totals    0.00       4,168,461.65      691,285,177.81         0.95955072        4,168,461.65
----------------------------------------------------------------------------------------------
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
                          Beginning       Scheduled    Unscheduled
        Original Face    Certificate      Principal     Principal
Class       Amount         Balance      Distribution   Distribution    Accretion
--------------------------------------------------------------------------------
<S>    <C>              <C>             <C>            <C>            <C>
  A    695,210,000.00    964.07970607    0.00000000     5.99597481    0.00000000
X-1A             0.00      0.00000000    0.00000000     0.00000000    0.00000000
X-1B             0.00      0.00000000    0.00000000     0.00000000    0.00000000
 X-B             0.00      0.00000000    0.00000000     0.00000000    0.00000000
 A-R           100.00      0.00000000    0.00000000     0.00000000    0.00000000
 B-1     9,726,000.00   1000.00000000    0.00000000     0.00000000    0.00000000
 B-2     5,764,000.00   1000.00000000    0.00000000     0.00000000    0.00000000
 B-3     3,962,000.00   1000.00000000    0.00000000     0.00000000    0.00000000
 B-4     1,801,000.00   1000.00000000    0.00000000     0.00000000    0.00000000
 B-5     1,080,000.00   1000.00000000    0.00000000     0.00000000    0.00000000
 B-6     2,882,787.00   1000.00000000    0.00000000     0.00000000    0.00000000
--------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------
                                           Ending
         Realized      Total Principal   Certificate       Ending Certificate   Total Principal
Class    Loss (3)         Reduction        Balance             Percentage        Distribution
-----------------------------------------------------------------------------------------------
<S>     <C>            <C>              <C>                <C>                  <C>
  A     0.00000000        5.99597481     958.08373126          0.95808373         0.99597481
X-1A    0.00000000        0.00000000       0.00000000          0.00000000         0.00000000
X-1B    0.00000000        0.00000000       0.00000000          0.00000000         0.00000000
 X-B    0.00000000        0.00000000       0.00000000          0.00000000         0.00000000
 A-R    0.00000000        0.00000000       0.00000000          0.00000000         0.00000000
 B-1    0.00000000        0.00000000    1000.00000000          1.00000000         0.00000000
 B-2    0.00000000        0.00000000    1000.00000000          1.00000000         0.00000000
 B-3    0.00000000        0.00000000    1000.00000000          1.00000000         0.00000000
 B-4    0.00000000        0.00000000    1000.00000000          1.00000000         0.00000000
 B-5    0.00000000        0.00000000    1000.00000000          1.00000000         0.00000000
 B-6    0.00000000        0.00000000    1000.00000000          1.00000000         0.00000000
-----------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------
                                          Beginning                     Payment of
                            Current      Certificate/       Current        Unpaid       Current
          Original Face   Certificate      Notional         Accrued       Interest     Interest
Class        Amount          Rate          Balance          Interest      Shortfall    Shortfall
------------------------------------------------------------------------------------------------
<S>      <C>              <C>           <C>              <C>             <C>           <C>
  A      695,210,000.00     1.77938%    670,237,852.46     993,839.86       0.00         0.00
X-1A               0.00     0.94222%    188,080,422.85     147,677.87       0.00         0.00
X-1B               0.00     1.08500%    482,157,429.61     435,951.44       0.00         0.00
 X-B               0.00     0.52494%      9,726,000.00       4,254.60       0.00         0.00
 A-R             100.00     3.26676%              0.00           0.00       0.00         0.00
 B-1       9,726,000.00     2.29938%      9,726,000.00      18,636.47       0.00         0.00
 B-2       5,764,000.00     2.82432%      5,764,000.00      13,566.13       0.00         0.00
 B-3       3,962,000.00     2.82432%      3,962,000.00       9,324.95       0.00         0.00
 B-4       1,801,000.00     2.82432%      1,801,000.00       4,238.83       0.00         0.00
 B-5       1,080,000.00     2.82432%      1,080,000.00       2,541.88       0.00         0.00
 B-6       2,882,787.00     2.82432%      2,882,787.00       6,784.92       0.00         0.00
------------------------------------------------------------------------------------------------
Totals   720,425,887.00                                  1,636,816.95       0.00         0.00
------------------------------------------------------------------------------------------------

<CAPTION>
--------------------------------------------------------------------------------
              Non-                                    Remaining       Ending
           Supported                                    Unpaid     Certificate/
            Interest    Realized   Total Interest      Interest     Notational
Class      Shortfall     Loss (4)   Distribution      Shortfall      Balance
--------------------------------------------------------------------------------
<S>        <C>          <C>        <C>                <C>         <C>
  A          0.00         0.00       993,839.86          0.00     666,069,390.81
X-1A         0.00         0.00       147,677.87          0.00     187,192,305.18
X-1B         0.00         0.00       435,951.44          0.00     478,877,085.63
 X-B         0.00         0.00         4,254.60          0.00       9,726,000.00
 A-R         0.00         0.00             0.00          0.00               0.00
 B-1         0.00         0.00        18,636.47          0.00       9,726,000.00
 B-2         0.00         0.00        13,566.13          0.00       5,764,000.00
 B-3         0.00         0.00         9,324.95          0.00       3,962,000.00
 B-4         0.00         0.00         4,238.83          0.00       1,801,000.00
 B-5         0.00         0.00         2,541.88          0.00       1,080,000.00
 B-6         0.00         0.00         6,784.92          0.00       2,882,787.00
--------------------------------------------------------------------------------
Totals       0.00         0.00     1,636,816.95          0.00
--------------------------------------------------------------------------------
</TABLE>

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

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
                                                                             Payment of
                              Current       Beginning                          Unpaid      Current
            Original Face   Certificate   Certificate/      Current Accrued   Interest     Interest
Class (5)      Amount          Rate      Notional Balance      Interest       Shortfall    Shortfall
----------------------------------------------------------------------------------------------------
<S>        <C>              <C>          <C>                <C>              <C>          <C>
  A        695,210,000.00    1.77938%      964.07970607       1.42955346     0.00000000   0.00000000
X-1A                 0.00    0.94222%      980.80444818       0.77011264     0.00000000   0.00000000
X-1B                 0.00    1.08500%      957.70951471       0.86593054     0.00000000   0.00000000
 X-B                 0.00    0.52494%     1000.00000000       0.43744602     0.00000000   0.00000000
 A-R               100.00    3.26676%        0.00000000       0.00000000     0.00000000   0.00000000
 B-1         9,726,000.00    2.29938%     1000.00000000       1.91614950     0.00000000   0.00000000
 B-2         5,726,000.00    2.82432%     1000.00000000       2.35359646     0.00000000   0.00000000
 B-3         3,962,000.00    2.82432%     1000.00000000       2.35359667     0.00000000   0.00000000
 B-4         1,801,000.00    2.82432%     1000.00000000       2.35359800     0.00000000   0.00000000
 B-5         1,080,000.00    2.82432%     1000.00000000       2.35359259     0.00000000   0.00000000
 B-6         2,882,787.00    2.82432%     1000.00000000       2.35359740     0.00000000   0.00000000
----------------------------------------------------------------------------------------------------

<CAPTION>
--------------------------------------------------------------------------------------------
               Non-                                       Remaining
            Supported                                       Unpaid
            Interest        Realized    Total Interest     Interest      Ending Certificate/
Class (5)   Shortfall       Loss (6)     Distribution      Shortfall     Notational Balance
--------------------------------------------------------------------------------------------
<S>         <C>            <C>          <C>               <C>            <C>
  A         0.00000000     0.00000000     1.42955346      0.00000000         958.08373126
X-1A        0.00000000     0.00000000     0.77011264      0.00000000         976.17307960
X-1B        0.00000000     0.00000000     0.86593054      0.00000000         951.19376602
 X-B        0.00000000     0.00000000     0.43744602      0.00000000        1000.00000000
 A-R        0.00000000     0.00000000     0.00000000      0.00000000           0.00000000
 B-1        0.00000000     0.00000000     1.91614950      0.00000000        1000.00000000
 B-2        0.00000000     0.00000000     2.35359646      0.00000000        1000.00000000
 B-3        0.00000000     0.00000000     2.35359667      0.00000000        1000.00000000
 B-4        0.00000000     0.00000000     2.35359800      0.00000000        1000.00000000
 B-5        0.00000000     0.00000000     2.35359259      0.00000000        1000.00000000
 B-6        0.00000000     0.00000000     2.35359740      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                              6,014,480.98
         Liquidations, Insurance Proceeds, Reserve Funds                         0.00
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                   4,867.06
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                         ------------
Total Deposits                                                           6,019,348.04

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            214,069.44
         Payment of Interest and Principal                               5,805,278.60
                                                                         ------------
Total Withdrawals (Pool Distribution Amount)                             6,019,348.04

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

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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

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

                                 SERVICING FEES

<TABLE>
<S>                                                                        <C>
Gross Servicing Fee                                                        210,012.60
Master Servicing Fee                                                         4,056.84
Supported Prepayment/Curtailment Interest Shortfall                              0.00
                                                                           ----------

Net Servicing Fee                                                          214,069.44
                                                                           ==========
</TABLE>

<PAGE>

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

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
              DELINQUENT                              BANKRUPTCY                          FORECLOSURE
----------------------------------------------------------------------------------------------------------------
<S>           <C>          <C>             <C>        <C>          <C>         <C>        <C>          <C>
                No. of       Principal                  No. of     Principal                No. of     Principal
                Loans         Balance                   Loans       Balance                 Loans       Balance
0-29 Days         0                0.00    0-29 Days      0            0.00    0-29 Days      0            0.00
30 Days           3        1,736,875.55    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           1          123,750.00    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
              -------------------------               ---------------------               ---------------------
                  4        1,860,625.55                   0            0.00                   0            0.00

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

0-29 Days     0.000000%        0.000000%   0-29 Days  0.000000%    0.000000%   0-29 Days  0.000000%    0.000000%
30 Days       0.152362%        0.251256%   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       0.050787%        0.017902%   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%
              -------------------------               ---------------------               ---------------------
              0.203149%        0.269157%              0.000000%    0.000000%              0.000000%    0.000000%
----------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------
               REO                               TOTAL
------------------------------------------------------------------------
<S>         <C>         <C>         <C>        <C>          <C>
             No. of     Principal                No. of       Principal
              Loans      Balance                 Loans         Balance
0-29 Days       0           0.00    0-29 Days      0                0.00
30 Days         0           0.00    30 Days        3        1,736,875.55
60 Days         0           0.00    60 Days        0                0.00
90 Days         0           0.00    90 Days        1          123,750.00
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                   4        1,860,625.55

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

0-29 Days   0.000000%   0.000000%   0-29 Days  0.000000%        0.000000%
30 Days     0.000000%   0.000000%   30 Days    0.152362%        0.251256%
60 Days     0.000000%   0.000000%   60 Days    0.000000%        0.000000%
90 Days     0.000000%   0.000000%   90 Days    0.050787%        0.017902%
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%              0.203149%        0.269157%
------------------------------------------------------------------------
</TABLE>

<TABLE>
<S>                                          <C>   <C>                                            <C>   <C>                <C>
Current Period Class A Insufficient Funds:   0.00  Principal Balance of Contaminated Properties   0.00  Periodic Advance   4,867.06
</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    25,215,787.00    3.50012228%   25,215,787.00    3.64766782%     96.352332%        0.000000%
Class B-1   15,489,787.00    2.15008751%   15,489,787.00    2.24072315%      1.406945%       38.571075%
Class B-2    9,725,787.00    1.35000521%    9,725,787.00    1.40691386%      0.833809%       22.858696%
Class B-3    5,763,787.00    0.80005273%    5,763,787.00    0.83377847%      0.573135%       15.712379%
Class B-4    3,962,787.00    0.55006172%    3,962,787.00    0.57324924%      0.260529%        7.142351%
Class B-5    2,882,787.00    0.40015039%    2,882,787.00    0.41701859%      0.156231%        4.283031%
Class B-6            0.00    0.00000000%            0.00    0.00000000%      0.417018%       11.432469%
</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       119,754.00        0.01662267%          119,754.00         0.01732339%
         Fraud    21,612,777.00        3.00000005%       21,612,777.00         3.12646324%
Special Hazard    11,600,000.00        1.61015869%       11,600,000.00         1.67803395%
</TABLE>

Limit of subordinate's exposure to certain types of losses

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                                             Mixed ARM
<S>                                                                             <C>
Weighted Average Gross Coupon                                                         3.193690%
Weighted Average Net Coupon                                                           2.831315%
Weighted Average Pass-Through Rate                                                    2.824315%
Weighted Average Maturity (Stepdown Calculation)                                           320

Beginning Scheduled Collateral Loan Count                                                1,981
Number of Loans Paid in Full                                                                12
Ending Scheduled Collateral Loan Count                                                   1,969

Beginning Scheduled Collateral Balance                                          695,453,639.46
Ending Scheduled Collateral Balance                                             691,285,177.81
Ending Actual Collateral Balance at 30-Apr-2003                                 691,277,848.22

Monthly P&I Constant                                                              1,850,886.36
Special Servicing Fee                                                                     0.00
Prepayment Penalties                                                                      0.00
Realization Loss Amount                                                                   0.00
Cumulative Realized Loss                                                                  0.00

Class A Optimal Amount                                                            5,162,301.51

Ending Scheduled Balance for Premium Loans                                      691,285,177.81

Scheduled Principal                                                                       0.00
Unscheduled Principal                                                             4,168,461.65
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                             <C>
Pro Rata Senior Percentage                                                          96.374196%
Senior Percentage                                                                  100.000000%
Senior Prepayment Percentage                                                       100.000000%
Subordinate Percentage                                                               0.000000%
Subordinate Prepayment Percentage                                                    0.000000%
One Month LIBOR Loan Balance                                                    194,278,956.15
Six Month LIBOR Loan Balance                                                    497,006,221.66
</TABLE><PAGE>

                                  EXHIBIT 10.1

CONTACT: CUSTOMER SERVICES -- CTSLINK
         WELLS FARGO BANK MINNESOTA, N.A.
         SECURITIES ADMINISTRATION SERVICES
         7485 NEW HORIZON WAY
         FREDERICK, MD 21703
         WWW.CTSLINK.COM
         TELEPHONE:        (301) 815-6600
         FAX:              (301) 315-6660
                               SMT SERIES 2002-10
                           RECORD DATE: APRIL 30, 2003
                         DISTRIBUTION DATE: MAY 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------
                   Certificate  Certificate
                      Class     Pass-Through       Beginning         Interest       Principal
Class     CUSIP    Description      Rate      Certificate Balance  Distribution    Distribution
-----------------------------------------------------------------------------------------------
<S>     <C>        <C>          <C>           <C>                  <C>            <C>
 1A     81743VAA1      SEN        1.72938%      790,940,172.64      1,139,863.43   9,690,513.07
2A-1    81743VAB9      SEN        1.70839%      185,042,623.79        263,590.13   3,266,238.49
2A-2    81743VAN3      SEN        2.00938%        3,500,000.00          5,860.69           0.00
X-1A    81743VAC7       IO        1.15840%                0.00        364,731.97           0.00
X-1B    81743VAD5       IO        1.23674%                0.00        425,754.66           0.00
 X-2    81743VAP8       IO        1.25564%                0.00        197,284.90           0.00
 X-B    81743VAE3       IO        0.69709%                0.00         14,943.87           0.00
 A-R    81743VAF0      SEN        3.37678%                0.00              0.00           0.00
 B-1    81743VAG8      SUB        2.12938%       12,600,000.00         22,358.49           0.00
 B-2    81743VAH6      SUB        2.12938%        8,400,000.00         14,905.66           0.00
 B-3    81743VAJ2      SUB        2.72938%        4,725,000.00         10,746.93           0.00
 B-4    SMT0210B4      SUB        2.93667%        2,625,000.00          6,423.97           0.00
 B-5    SMT0210B5      SUB        2.93667%        2,100,000.00          5,139.18           0.00
 B-6    SMT0210B6      SUB        2.93667%        3,685,162.00          9,018.43           0.00
-----------------------------------------------------------------------------------------------
Totals                                        1,013,617,958.43      2,480,622.31  12,956,751.56
-----------------------------------------------------------------------------------------------

<CAPTION>
----------------------------------------------------------------------------------
                     Current      Ending Certificate      Total        Cumulative
Class     CUSIP    Realized Loss       Balance         Distribution  Realized Loss
----------------------------------------------------------------------------------
<S>     <C>        <C>            <C>                 <C>            <C>
  1A    81743VAA1      0.00          781,249,659.57   10,830,376.50      0.00
2A-1    81743VAB9      0.00          181,776,385.30    3,529,828.62      0.00
2A-2    81743VAN3      0.00            3,500,000.00        5,860.69      0.00
X-1A    81743VAC7      0.00                    0.00      364,731.97      0.00
X-1B    81743VAD5      0.00                    0.00      425,754.66      0.00
 X-2    81743VAP8      0.00                    0.00      197,284.90      0.00
 X-B    81743VAE3      0.00                    0.00       14,943.87      0.00
 A-R    81743VAF0      0.00                    0.00            0.00      0.00
 B-1    81743VAG8      0.00           12,600,000.00       22,358.49      0.00
 B-2    81743VAH6      0.00            8,400,000.00       14,905.66      0.00
 B-3    81743VAJ2      0.00            4,725,000.00       10,746.93      0.00
 B-4    SMT0210B4      0.00            2,625,000.00        6,423.97      0.00
 B-5    SMT0210B5      0.00            2,100,000.00        5,139.18      0.00
 B-6    SMT0210B6      0.00            3,685,162.00        9,018.43      0.00
----------------------------------------------------------------------------------
Totals                 0.00        1,000,661,206.87   15,437,373.87      0.00
----------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------
                             Beginning       Scheduled     Unscheduled
          Original Face     Certificate      Principal      Principal
Class        Amount           Balance       Distribution   Distribution  Accretion
----------------------------------------------------------------------------------
<S>     <C>               <C>               <C>           <C>            <C>
  1A      822,375,000.00    790,940,172.64      0.00      9,690,513.07     0.00
2A-1      190,000,000.00    185,042,623.79      0.00      3,266,238.49     0.00
2A-2        3,500,000.00      3,500,000.00      0.00              0.00     0.00
X-1A                0.00              0.00      0.00              0.00     0.00
X-1B                0.00              0.00      0.00              0.00     0.00
 X-2                0.00              0.00      0.00              0.00     0.00
 X-B                0.00              0.00      0.00              0.00     0.00
 A-R              100.00              0.00      0.00              0.00     0.00
 B-1       12,600,000.00     12,600,000.00      0.00              0.00     0.00
 B-2        8,400,000.00      8,400,000.00      0.00              0.00     0.00
 B-3        4,725,000.00      4,725,000.00      0.00              0.00     0.00
 B-4        2,625,000.00      2,625,000.00      0.00              0.00     0.00
 B-5        2,100,000.00      2,100,000.00      0.00              0.00     0.00
 B-6        3,685,162.00      3,685,162.00      0.00              0.00     0.00
----------------------------------------------------------------------------------
Totals  1,050,010,262.00  1,013,617,958.43      0.00     12,956,751.56     0.00
----------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------
        Realized  Total Principal  Ending Certificate  Ending Certificate  Total Principal
Class   Loss (1)     Reduction          Balance           Percentage         Distribution
------------------------------------------------------------------------------------------
<S>     <C>       <C>              <C>                 <C>                 <C>
  1A      0.00     9,690,513.07      781,249,659.57       0.94999199        9,690,513.07
2A-1      0.00     3,266,238.49      181,776,385.30       0.95671782        3,266,238.49
2A-2      0.00             0.00        3,500,000.00       1.00000000                0.00
X-1A      0.00             0.00                0.00       0.00000000                0.00
X-1B      0.00             0.00                0.00       0.00000000                0.00
 X-2      0.00             0.00                0.00       0.00000000                0.00
 X-B      0.00             0.00                0.00       0.00000000                0.00
 A-R      0.00             0.00                0.00       0.00000000                0.00
 B-1      0.00             0.00       12,600,000.00       1.00000000                0.00
 B-2      0.00             0.00        8,400,000.00       1.00000000                0.00
 B-3      0.00             0.00        4,725,000.00       1.00000000                0.00
 B-4      0.00             0.00        2,625,000.00       1.00000000                0.00
 B-5      0.00             0.00        2,100,000.00       1.00000000                0.00
 B-6      0.00             0.00        3,685,162.00       1.00000000                0.00
------------------------------------------------------------------------------------------
Totals    0.00    12,956,751.56    1,000,661,206.87       0.95300136       12,956,751.56
------------------------------------------------------------------------------------------
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
------------------------------------------------------------------------------
                          Beginning     Scheduled     Unscheduled
         Original Face   Certificate    Principal      Principal
Class      Amount          Balance     Distribution   Distribution   Accretion
------------------------------------------------------------------------------
<S>     <C>             <C>            <C>            <C>           <C>
  1A    822,375,000.00   961.77555573   0.00000000    11.78356962   0.00000000
2A-1    190,000,000.00   973.90854626   0.00000000    17.19072889   0.00000000
2A-2      3,500,000.00  1000.00000000   0.00000000     0.00000000   0.00000000
X-1A              0.00     0.00000000   0.00000000     0.00000000   0.00000000
X-1B              0.00     0.00000000   0.00000000     0.00000000   0.00000000
 X-2              0.00     0.00000000   0.00000000     0.00000000   0.00000000
 X-B              0.00     0.00000000   0.00000000     0.00000000   0.00000000
 A-R            100.00     0.00000000   0.00000000     0.00000000   0.00000000
 B-1     12,600,000.00  1000.00000000   0.00000000     0.00000000   0.00000000
 B-2      8,400,000.00  1000.00000000   0.00000000     0.00000000   0.00000000
 B-3      4,725,000.00  1000.00000000   0.00000000     0.00000000   0.00000000
 B-4      2,625,000.00  1000.00000000   0.00000000     0.00000000   0.00000000
 B-5      2,100,000.00  1000.00000000   0.00000000     0.00000000   0.00000000
 B-6      3,685,162.00  1000.00000000   0.00000000     0.00000000   0.00000000
------------------------------------------------------------------------------

<CAPTION>
--------------------------------------------------------------------------------------
                                       Ending
        Realized   Total Principal   Certificate   Ending Certificate  Total Principal
Class   Loss (3)     Reduction         Balance         Percentage       Distribution
--------------------------------------------------------------------------------------
<S>    <C>         <C>              <C>            <C>                 <C>
  1A   0.00000000    11.78356962     949.99198610      0.94999199        11.78356962
2A-1   0.00000000    17.19072889     956.71781737      0.95671782        17.19072889
2A-2   0.00000000     0.00000000    1000.00000000      1.00000000         0.00000000
X-1A   0.00000000     0.00000000       0.00000000      0.00000000         0.00000000
X-1B   0.00000000     0.00000000       0.00000000      0.00000000         0.00000000
 X-2   0.00000000     0.00000000       0.00000000      0.00000000         0.00000000
 X-B   0.00000000     0.00000000       0.00000000      0.00000000         0.00000000
 A-R   0.00000000     0.00000000       0.00000000      0.00000000         0.00000000
 B-1   0.00000000     0.00000000    1000.00000000      1.00000000         0.00000000
 B-2   0.00000000     0.00000000    1000.00000000      1.00000000         0.00000000
 B-3   0.00000000     0.00000000    1000.00000000      1.00000000         0.00000000
 B-4   0.00000000     0.00000000    1000.00000000      1.00000000         0.00000000
 B-5   0.00000000     0.00000000    1000.00000000      1.00000000         0.00000000
 B-6   0.00000000     0.00000000    1000.00000000      1.00000000         0.00000000
--------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------
                                              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      1.72938%      790,940,172.64   1,139,863.43    0.00        0.00
2A-1      190,000,000.00      1.70839%      185,042,623.79     263,590.13    0.00        0.00
2A-2        3,500,000.00      2.00938%        3,500,000.00       5,860.69    0.00        0.00
X-1A                0.00      1.15840%      377,831.666.52     364,731.97    0.00        0.00
X-1B                0.00      1.23674%      413,108,506.12     425,754.66    0.00        0.00
 X-2                0.00      1.25564%      188,542,623.79     197,284.90    0.00        0.00
 X-B                0.00      0.69709%       25,725,000.00      14,943.87    0.00        0.00
 A-R              100.00      3.37678%                0.00           0.00    0.00        0.00
 B-1       12,600,000.00      2.12938%       12,600,000.00      22,358.49    0.00        0.00
 B-2        8,400,000.00      2.12938%        8,400,000.00      14,905.66    0.00        0.00
 B-3        4,725,000.00      2.72938%        4,725,000.00      10,746.93    0.00        0.00
 B-4        2,625,000.00      2.93667%        2,625,000.00       6,423.97    0.00        0.00
 B-5        2,100,000.00      2.93667%        2,100,000.00       5,139.18    0.00        0.00
 B-6        3,685,162.00      2.93667%        3,685,162.00       9,018.43    0.00        0.00
------------------------------------------------------------------------------------------------
Totals  1,050,010,262.00                                     2,480,622.31    0.00        0.00
------------------------------------------------------------------------------------------------

<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     1,139,863.43     0.00     781,249,659.57
2A-1       0.00       0.00       263,590.13     0.00     181,776,385.30
2A-2       0.00       0.00         5,860.69     0.00       3,500,000.00
X-1A       0.00       0.00       364,731.97     0.00     372,934,288.25
X-1B       0.00       0.00       425,754.66     0.00     408,315,371.32
 X-2       0.00       0.00       197,284.90     0.00     185,276,385.30
 X-B       0.00       0.00        14,943.87     0.00      25,725,000.00
 A-R       0.00       0.00             0.00     0.00               0.00
 B-1       0.00       0.00        22,358.49     0.00      12,600,000.00
 B-2       0.00       0.00        14,905.66     0.00       8,400,000.00
 B-3       0.00       0.00        10,746.93     0.00       4,725,000.00
 B-4       0.00       0.00         6,423.97     0.00       2,625,000.00
 B-5       0.00       0.00         5,139.18     0.00       2,100,000.00
 B-6       0.00       0.00         9,018.43     0.00       3,685,162.00
-----------------------------------------------------------------------
Totals     0.00       0.00     2,480,622.31     0.00
-----------------------------------------------------------------------
</TABLE>

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

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
                                                                                Payment of
                              Current          Beginning                          Unpaid     Current
        Original Face       Certificate       Certificate/    Current Accrued    Interest    Interest
Class       Amount             Rate         Notional Balance      Interest      Shortfall   Shortfall
------------------------------------------------------------------------------------------------------
<S>     <C>                 <C>             <C>               <C>              <C>          <C>
 1A      822,375,000.00       1.72938%        961.77555573      1.38606284     0.00000000   0.00000000
2A-1     190,000,000.00       1.70839%        973.90854626      1.38731647     0.00000000   0.00000000
2A-2       3,500,000.00       2.00938%       1000.00000000      1.67448286     0.00000000   0.00000000
X-1A               0.00       1.15840%        961.50208372      0.92816611     0.00000000   0.00000000
X-1B               0.00       1.23674%        962.02581120      0.99147552     0.00000000   0.00000000
 X-2               0.00       1.25564%        974.38048470      1.01956021     0.00000000   0.00000000
 X-B               0.00       0.69709%       1000.00000000      0.58090845     0.00000000   0.00000000
 A-R             100.00       3.37678%          0.00000000      0.00000000     0.00000000   0.00000000
 B-1      12,600,000.00       2.12938%       1000.00000000      1.77448333     0.00000000   0.00000000
 B-2       8,400,000.00       2.12938%       1000.00000000      1.77448333     0.00000000   0.00000000
 B-3       4,725,000.00       2.72938%       1000.00000000      2.27448254     0.00000000   0.00000000
 B-4       2,625,000.00       2.93667%       1000.00000000      2.44722667     0.00000000   0.00000000
 B-5       2,100,000.00       2.93667%       1000.00000000      2.44722857     0.00000000   0.00000000
 B-6       3,685,162.00       2.93667%       1000.00000000      2.44722756     0.00000000   0.00000000
------------------------------------------------------------------------------------------------------

<CAPTION>
---------------------------------------------------------------------------------
           Non-                                   Remaining
        Supported                                  Unpaid
         Interest     Realized   Total Interest   Interest    Ending Certificate/
Class    Shortfall    Loss (6)   Distribution     Shortfall   Notational Balance
---------------------------------------------------------------------------------
<S>     <C>          <C>         <C>              <C>         <C>
 1A      0.00000000  0.00000000    1.38606284     0.00000000      949.99198610
2A-1     0.00000000  0.00000000    1.38731647     0.00000000      956.71781737
2A-2     0.00000000  0.00000000    1.67448286     0.00000000     1000.00000000
X-1A     0.00000000  0.00000000    0.92816611     0.00000000      949.03928659
X-1B     0.00000000  0.00000000    0.99147552     0.00000000      950.86380575
 X-2     0.00000000  0.00000000    1.01956021     0.00000000      957.50069922
 X-B     0.00000000  0.00000000    0.58090845     0.00000000     1000.00000000
 A-R     0.00000000  0.00000000    0.00000000     0.00000000        0.00000000
 B-1     0.00000000  0.00000000    1.77448333     0.00000000     1000.00000000
 B-2     0.00000000  0.00000000    1.77448333     0.00000000     1000.00000000
 B-3     0.00000000  0.00000000    2.27448254     0.00000000     1000.00000000
 B-4     0.00000000  0.00000000    2.44722667     0.00000000     1000.00000000
 B-5     0.00000000  0.00000000    2.44722857     0.00000000     1000.00000000
 B-6     0.00000000  0.00000000    2.44722756     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                             15,643,662.20
         Liquidations, Insurance Proceeds, Reserve Funds                         0.00
         Proceeds from Repurchased Loans                                         0.00
         Other Amounts (Servicer Advances)                                   4,882.08
         Realized Losses                                                         0.00
         Prepayment Penalties                                                    0.00
                                                                        -------------
Total Deposits                                                          15,648,544.28

Withdrawals
         Reimbursement for Servicer Advances                                     0.00
         Payment of Service Fee                                            211,170.41
         Payment of Interest and Principal                              15,437,373.87
                                                                        -------------
Total Withdrawals (Pool Distribution Amount)                            15,648,544.28

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

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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

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

                                 SERVICING FEES

<TABLE>
<S>                                                                     <C>
Gross Servicing Fee                                                        211,170.41
Supported Prepayment/Curtailment Interest Shortfall                              0.00
                                                                        -------------

Net Servicing Fee                                                          211,170.41
                                                                        =============
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------
                                       Beginning       Current      Current       Ending
           Account Type                 Balance      Withdrawals    Deposits      Balance
------------------------------------------------------------------------------------------
<S>                                    <C>           <C>            <C>           <C>
Class X-A Basis Risk Reserve Fund      8,000.00         0.00          0.00        8,000.00
Class X-B Basis Risk Reserve Fund      2,000.00         0.00          0.00        2,000.00
------------------------------------------------------------------------------------------
</TABLE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
              DELINQUENT                             BANKRUPTCY                         FORECLOSURE
---------------------------------------------------------------------------------------------------------------
<S>           <C>          <C>           <C>        <C>          <C>         <C>        <C>          <C>
                No. of      Principal                 No.of      Principal                No.of      Principal
                Loans        Balance                  Loans       Balance                 Loans       Balance
0-29 Days         0                0.00  0-29 Days      0              0.00  0-29 Days      0              0.00
30 Days           2        1,800,000.00  30 Days        0              0.00  30 Days        0              0.00
60 Days           1           41,716.18  60 Days        0              0.00  60 Days        0              0.00
90 Days           0                0.00  90 Days        0              0.00  90 Days        0              0.00
120 Days          0                0.00  120 Days       0              0.00  120 Days       0              0.00
150 Days          0                0.00  150 Days       0              0.00  150 Days       0              0.00
180+ Days         0                0.00  180+ Days      0              0.00  180+ Days      0              0.00
              -------------------------             -----------------------             -----------------------
                  2        1,841,716.18                 0              0.00                 0              0.00

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

0-29 Days     0.000000%     0.000000%    0-29 Days  0.000000%    0.000000%   0-29 Days  0.000000%    0.000000%
30 Days       0.074710%     0.179881%    30 Days    0.000000%    0.000000%   30 Days    0.000000%    0.000000%
60 Days       0.037355%     0.004169%    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%
              -------------------------             -----------------------             -----------------------
              0.112066%     0.184050%               0.000000%    0.000000%              0.000000%    0.000000%
---------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------
               REO                                 TOTAL
------------------------------------------------------------------------
<S>         <C>         <C>         <C>        <C>          <C>
             No. of     Principal                No. of      Principal
              Loans      Balance                 Loans        Balance
0-29 Days       0             0.00  0-29 Days      0                0.00
30 Days         0             0.00  30 Days        2        1,800,000.00
60 Days         0             0.00  60 Days        1           41,716.18
90 Days         0             0.00  90 Days        0                0.00
120 Days        0             0.00  120 Days       0                0.00
150 Days        0             0.00  150 Days       0                0.00
180+ Days       0             0.00  180+ Days      0                0.00
            ----------------------             -------------------------
                0             0.00                 2        1,841,716.18

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

0-29 Days   0.000000%   0.000000%   0-29 Days  0.000000%     0.000000%
30 Days     0.000000%   0.000000%   30 Days    0.074710%     0.179881%
60 Days     0.000000%   0.000000%   60 Days    0.037355%     0.004169%
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%              0.112066%     0.184050%
------------------------------------------------------------------------
</TABLE>

<TABLE>
<S>                                         <C>   <C>                                           <C>   <C>               <C>
Current Period Class A Insufficient Funds:  0.00  Principal Balance of Contaminated Properties  0.00  Periodic Advance  4,882.08
</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   99.99999048%  1,000,661,206.87  100.00000000%     96.588739%        0.000000%
  Class 1A     227,635,162.00   21.67932736%    219,411,547.30   21.92665667%     78.073343%    2,288.694747%
Class 2-A-1     37,635,162.00    3.58426611%     37,635,162.00    3.76102938%     18.165627%      532.519474%
Class 2-A-2     34,135,162.00    3.25093604%     34,135,162.00    3.41126065%      0.349769%       10.253357%
 Class X-2      34,135,162.00    3.25093604%     34,135,162.00    3.41126065%      0.000000%        0.000000%
 Class B-1      21,535,162.00    2.05094776%     21,535,162.00    2.15209322%      1.259167%       36.912085%
 Class B-2      13,135,162.00    1.25095558%     13,135,162.00    1.31264827%      0.839445%       24.608057%
 Class B-3       8,410,162.00    0.80095998%      8,410,162.00    0.84046048%      0.472188%       13.842032%
 Class B-4       5,785,162.00    0.55096242%      5,785,162.00    0.57813393%      0.262327%        7.690018%
 Class B-5       3,685,162.00    0.35096438%      3,685,162.00    0.36827270%      0.209861%        6.152014%
 Class B-6               0.00    0.00000000%              0.00    0.00000000%      0.368273%       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         0.01629383%
         Fraud    31,500,308.00        3.00000001%       31,500,308.00         3.14794935%
Special Hazard    11,240,000.00        1.07046573%       11,119,781.26         1.11124336%
</TABLE>

Limit of subordinate's exposure to certain types of losses

<PAGE>

                           DELINQUENCY STATUS BY GROUP

                                     GROUP 1

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------
              DELINQUENT                            BANKRUPTCY                         FORECLOSURE
--------------------------------------------------------------------------------------------------------------
<S>            <C>         <C>           <C>        <C>         <C>         <C>         <C>         <C>
                 No. of     Principal                 No. of    Principal                 No. of    Principal
                 Loans       Balance                  Loans      Balance                  Loans      Balance
0-29 Days          0               0.00  0-29 Days      0             0.00  0-29 Days       0             0.00
30 Days            2       1,800,000.00  30 Days        0             0.00  30 Days         0             0.00
60 Days            1          41,716.18  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       1,841,716.18                 0             0.00                  0             0.00

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

0-29 Days      0.000000%    0.000000%    0-29 Days  0.000000%   0.000000%   0-29 Days   0.000000%   0.000000%
30 Days        0.094563%    0.222529%    30 Days    0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days        0.047281%    0.005157%    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%
               ------------------------             ----------------------              ----------------------
               0.141844%    0.227687%               0.000000%   0.000000%               0.000000%   0.000000%
--------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------
                REO                                 TOTAL
-------------------------------------------------------------------------
<S>          <C>         <C>         <C>         <C>         <C>
              No. of     Principal                 No. of     Principal
               Loans      Balance                  Loans       Balance
0-29 Days        0             0.00  0-29 Days       0               0.00
30 Days         0.             0.00  30 Days         2       1,800,000.00
60 Days          0             0.00  60 Days         1          41,716.18
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       1,841,716.18

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

0-29 Days    0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
30 Days      0.000000%   0.000000%   30 Days     0.094563%    0.222529%
60 Days      0.000000%   0.000000%   60 Days     0.047281%    0.005157%
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%               0.141844%    0.227687%
-------------------------------------------------------------------------
</TABLE>

                                     GROUP 2

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

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

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

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

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

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

<PAGE>

                              COLLATERAL STATEMENT

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

Weighted Average Gross Coupon                                                                            3.186754%
Weighted Average Net Coupon                                                                              2.936754%
Weighted Average Pass-Through Rate                                                                       2.936754%
Weighted Average Maturity (Stepdown Calculation)                                                              291

Beginning Scheduled Collateral Loan Count                                                                   2,703
Number of Loans Paid in Full                                                                                   26
Ending Scheduled Collateral Loan Count                                                                      2,677

Beginning Scheduled Collateral Balance                                                           1,013,617,958.43
Ending Scheduled Collateral Balance                                                              1,000,661,206.87
Ending Actual Collateral Balance at 30-Apr-03                                                    1,000,661,207.47

Monthly P&I Constant                                                                                 2,691,792.73
Special Servicing Fee                                                                                        0.00
Prepayment Penalties                                                                                         0.00
Realization Loss Amount                                                                                      0.00
Cumulative Realized Loss                                                                                     0.00

Class A Optimal Amount                                                                              15,353,837.35

Ending Scheduled Balance for Premium Loans                                                       1,000,661,206.87

Scheduled Principal                                                                                          0.00
Unscheduled Principal                                                                               12,956,751.56
</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                     3.178692           3.220590                 3.186754
Weighted Average Net Rate                        2.928692           2.970590                 2.936754
Pass-Through Rate                                2.928692           2.970590                 2.936754
Weighted Average Maturity                             291                291                      291
Record Date                                    04/30/2003         04/30/2003               04/30/2003
Principal and Interest Constant              2,168,323.93         523,468.80             2,691,792.73
Beginning Loan Count                                2,136                576                    2,703
Loans Paid in Full                                     21                  5                       26
Ending Loan Count                                   2,115                562                    2,677
Beginning Scheduled Balance                818,572,169.64     195,045,788.79         1,013,617,958.43
Ending Scheduled Balance                   808,881,656.57     191,779,550.30         1,000,661,206.87
Scheduled Principal                                  0.00               0.00                     0.00
Unscheduled Principal                        9,690,513.07       3,266,238.49            12,956,751.56
Scheduled Interest                           2,168,323.93         523,468.80             2,691,792.73
Servicing Fee                                  170,535.87          40,634.54               211,170.41
Master Servicing Fee                                 0.00               0.00                     0.00
Trustee Fee                                          0.00               0.00                     0.00
FRY Amount                                           0.00               0.00                     0.00
Special Hazard Fee                                   0.00               0.00                     0.00
Other Fee                                            0.00               0.00                     0.00
Pool Insurance Fee                                   0.00               0.00                     0.00
Spread 1                                             0.00               0.00                     0.00
Spread 2                                             0.00               0.00                     0.00
Spread 3                                             0.00               0.00                     0.00
Net Interest                                 1,997,788.06         482,834.26             2,480,622.32
Realized Loss Amount                                 0.00               0.00                     0.00
Cumulative Realized Loss                             0.00               0.00                     0.00
Percentage of Cumulative Losses                      0.00               0.00                     0.00
Prepayment Penalties                                 0.00               0.00                     0.00
Special Servicing Fee                                0.00               0.00                     0.00
</TABLE>

<PAGE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                             <C>
Group 1

One Month LIBOR Loans                                           386,124,590.49
Six Month LIBOR Loans                                           422,757,066.08
Pro Rata Senior Percentage                                           96.624366%
Senior Percentage                                                   100.000000%
Senior Prepayment Percentage                                        100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%

Group 2

Pro Rata Senior Percentage                                           96.665826%
Senior Percentage                                                   100.000000%
Senior Prepayment Percentage                                        100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]