STATEMENT TO CERTIFICATEHOLDERS 

Distribution Number 
2 
Beginning Date of Collection Period 
22Apr02 
End Date of Collection Period 
19May02 
Distribution Date 
20May02 
Previous Distribution Date 
22Apr02 
Funds Disbursement 

Available Funds for Distribution and SkipAPay Advance/Reimbursement 
35,025,608.18 
Principal Collections 
24,917,171.79 
Interest Collections (net of servicing fee) 
9,650,114.66 
Servicing fee 
458,321.73 
SkipAPay Advance 
0.00 
SkipAPay Reimbursement Amount 
0.00 
Disbursements 
35,025,608.18 
Interest Paid to Certificates 
1,738,036.11 
Principal Paid to Certificates 
32,829,250.34 
Equity Certificate 
 
Servicing Fee 
458,321.73 
Balance Reconciliation 

Begin Principal Balance 
1,099,972,157.90 
Principal Collections (including repurchases) 
24,917,171.79 
Charge off Amount 
0.00 
End Principal Balance 
1,075,054,986.11 
Collateral Performance 

Cash Yield (% of beginning balance) 
11.03% 
Charge off Rate (% of beginning balance) 
0.00% 
Net Yield 
11.03% 
Delinquent Loans 

3059 days principal balance of loans 
13,915,862.55 
3059 days number of loans 
141 
6089 days principal balance of loans 
2,472,115.28 
6089 days number of loans 
24 
90+ days principal balance of loans 
98,358.67 
90+ days number of loans 
1 
Home Equity Loan Detail 

Number purchased pursuant to 2.02, 2.04 and 3.01 
 
Principal Balance purchased pursuant to 2.02, 2.04 and 3.01 
 
Substitution Adjustment Amounts 
 
Number outstanding beginning of period 
11,438 
Number outstanding end of period 
11,179 
Number that went into REO 
 
Principal Balance that went into REO 
0.00 
Overcollateralization 

Begin OC Amount 
118,800,698.80 
OC Release Amount 
0.00 
Extra Principal Distribution 
7,912,078.55 
End OC Amount 
126,712,777.35 
Target OC Amount 
191,413,823.01 
Interim OC Amount 
118,800,698.80 
Interim OC Deficiency 
72,613,124.21 
Monthly Excess Cashflow 
7,912,078.55 
Other 

Stepdown 
No 
Trigger Event 
No 
Event of Default 
No 
Total Certificate Principal Balance as Percent of Total Original Certificate Balance 
93.58% 
Interest Calculations 

1 month LIBOR 
1.85750% 
Class A Formula Rate (1mo. Libor plus 37bps) 
2.22750% 
Class A PassThrough Rate 
2.22750% 
Class M Formula Rate (1mo. Libor plus 82bps) 
2.67750% 
Class M PassThrough Rate 
2.67750% 
Available Funds Cap 
11.54614% 
Class A Certificateholder's Statement 

A. Information on Distributions 

1. Total Distribution per $1,000 
34.073667 
2. Principal Distribution per $1,000 
32.396210 
3. Interest Distribution per $1,000 
1.677457 
B. Calculation of Class A Interest Due & Paid 

1. Class A PassThrough Rate 
2.22750% 
2. Days in Accrual Period 
28 
3. Class A Interest Due 
1,511,004.61 
4. Class A Interest Paid 
1,511,004.61 
5. Class A Supplemental Interest Amount Paid 
0.00 
6. Class A Unpaid Interest Carry Forward Amount, EOP 
0.00 
7. Class A Unpaid Supplemental Interest Amount, EOP 
0.00 
C. Calculation of Class A Principal Due & Paid 

1. Class A Certificate Principal Balance, BOP 
872,152,730.84 
2. Class A Principal Due 
29,181,566.65 
3. Class A Principal Paid 
29,181,566.65 
4. Class A Principal Carry Forward Amount Paid 
0.00 
5. Class A unpaid Principal Carry Forward Amount 
0.00 
6. Class A Certificate Principal Balance, EOP 
842,971,164.19 
7. Class A Certificate Principal Balance as a % of the Original Class A Certificate Principal Balance, EOP 
0.9358329 
8. Class A Certificate Principal Balance as a % of the Pool Balance, EOP 
0.7841191 
Class M Certificateholder's Statement 

A. Information on Distributions 

1. Total Distribution per $1,000 
34.412547 
2. Principal Distribution per $1,000 
32.396210 
3. Interest Distribution per $1,000 
2.016337 
B. Calculation of Class M Interest Due & Paid 

1. Class M PassThrough Rate 
2.67750% 
2. Days in Accrual Period 
28 
3. Class M Interest Due 
227,031.50 
4. Class M Interest Paid 
227,031.50 
5. Class M Supplemental Interest Amount Paid 
0.00 
6. Class M Unpaid Interest Carry Forward Amount, EOP 
0.00 
7. Class M Unpaid Supplemental Interest Amount, EOP 
0.00 
C. Calculation of Class M Principal Due & Paid 

1. Class M Certificate Principal Balance, BOP 
109,018,728.26 
2. Class M Principal Due 
3,647,683.69 
3. Class M Principal Paid 
3,647,683.69 
4. Class M Principal Carry Forward Amount Paid 
0.00 
5. Class M Unpaid Principal Carry Forward Amount 
0.00 
6. Class M Certificate Principal Balance, EOP 
105,371,044.57 
7. Class M Certificate Principal Balance as a % of the Original Class M Certificate Principal Balance, EOP 
0.9358329 
8. Class M Certificate Principal Balance as a % of the Pool Balance, EOP 
0.0980146 