Certificateholder Distribution Summary for SMT Series 2002-12 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2002-12, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of July 31, 2003, with distributions occurring on August 20, 2003. The summary includes balances, interest rates, and payment amounts for each class, and confirms that all distributions were calculated in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 3 f93089fexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2002-12 RECORD DATE: JULY 31, 2003 DISTRIBUTION DATE: AUGUST 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- ------------------------------------------------------------------------------------------------------------------------------ Certificate Certificate Class Pass-Through Beginning Interest Principal Class CUSIP Description Rate Certificate Balance Distribution Distribution - ------------------------------------------------------------------------------------------------------------------------------ A 81744BAA4 SEN 1.55000% 1,024,267,562.43 1,323,012.26 17,103,687.16 X-1 81744BAB2 IO 1.06627% 0.00 215,158.13 0.00 X-2 81744BAC0 IO 1.16490% 0.00 775,751.67 0.00 A-R 81744BAD8 SEN 3.16651% 0.00 0.00 0.00 B-1 81744BAE6 SUB 1.95000% 16,815,000.00 27,324.37 0.00 B-2 81744BAF3 SUB 2.69842% 8,968,000.00 20,166.20 0.00 B-3 81744BAG1 SUB 2.69842% 6,165,000.00 13,863.14 0.00 B-4 SMT0212B4 SUB 2.69842% 2,802,000.00 6,300.81 0.00 B-5 SMT0212B5 SUB 2.69842% 1,681,000.00 3,780.04 0.00 B-6 SMT0212B6 SUB 2.69842% 4,486,095.46 10,087.81 0.00 - ------------------------------------------------------------------------------------------------------------------------------ Totals 1,065,184,657.89 2,395,264.43 17,103,687.16 - ------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Current Ending Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss - -------------------------------------------------------------------------------------------- A 0.00 1,007,163,875.27 18,426,699.42 0.00 X-1 0.00 0.00 215,158.13 0.00 X-2 0.00 0.00 775,571.67 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 16,815,000.00 27,324.37 0.00 B-2 0.00 8,968,000.00 20,166.20 0.00 B-3 0.00 6,165,000.00 13,863.14 0.00 B-4 0.00 2,802,000.00 6,300.81 0.00 B-5 0.00 1,681,000.00 3,780.04 0.00 B-6 0.00 4,486,095.46 10,087.81 0.00 - -------------------------------------------------------------------------------------------- Totals 0.00 1,048,080,970.73 19,498,951.59 0.00 - --------------------------------------------------------------------------------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
- ---------------------------------------------------------------------------------------------------------------------------- Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) - ---------------------------------------------------------------------------------------------------------------------------- A 1,080,076,000.00 1,024,267,562.43 0.00 17,103,687.16 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 16,815,000.00 16,815,000.00 0.00 0.00 0.00 0.00 B-2 8,968,000.00 8,968,000.00 0.00 0.00 0.00 0.00 B-3 6,165,000.00 6,165,000.00 0.00 0.00 0.00 0.00 B-4 2,802,000.00 2,802,000.00 0.00 0.00 0.00 0.00 B-5 1,681,000.00 1,681,000.00 0.00 0.00 0.00 0.00 B-6 4,486,095.46 4,486,095.46 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------- Totals 1,120,993,195.46 1,065,184,657.89 0.00 17,103,687.16 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------------------------------- A 17,103,687.16 1,007,163,875.27 0.93249352 17,103,687.16 X-1 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 16,815,000.00 1.00000000 0.00 B-2 0.00 8,968,000.00 1.00000000 0.00 B-3 0.00 6,165,000.00 1.00000000 0.00 B-4 0.00 2,802,000.00 1.00000000 0.00 B-5 0.00 1,681,000.00 1.00000000 0.00 B-6 0.00 4,486,095.46 1.00000000 0.00 - ---------------------------------------------------------------------------------------------------- Totals 17,103,687.16 1,048,080,970.73 0.93495748 17,103,687.16 - ----------------------------------------------------------------------------------------------------
(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
- -------------------------------------------------------------------------------------------------------------------------- Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - -------------------------------------------------------------------------------------------------------------------------- A 1,080,076,000.00 948.32915686 0.00000000 15.83563301 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 16,815,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,968,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 6,165,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,802,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,681,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,486,095.46 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - --------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------- Ending Total Principal Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------------------------- A 15.83563301 932.49352385 0.93249352 15.83563301 X-1 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000 - ----------------------------------------------------------------------------------------------
(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. INTEREST DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------------------------------------------------- Payment of Beginning Current Unpaid Current Original Face Current Certificate/ Accrued Interest Interest Class Amount Certificate Rate Notional Balance Interest Shortfall Shortfall - --------------------------------------------------------------------------------------------------------------------------- A 1,080,076,000.00 1.55000% 1,024,267,562.43 1,323,012.27 0.00 0.00 X-1 0.00 1.06627% 242,142,066.19 215,158.13 0.00 0.00 X-2 0.00 1.16490% 798,940,496.24 775,571.68 0.00 0.00 A-R 100.00 3.16651% 0.00 0.00 0.00 0.00 B-1 16,815,000.00 1.95000% 16,815,000.00 27,324.38 0.00 0.00 B-2 8,968,000.00 2.69842% 8,968,000.00 20,166.20 0.00 0.00 B-3 6,165,000.00 2.69842% 6,165,000.00 13,863.14 0.00 0.00 B-4 2,802,000.00 2.69842% 2,802,000.00 6,300.81 0.00 0.00 B-5 1,681,000.00 2.69842% 1,681,000.00 3,780.04 0.00 0.00 B-6 4,486,095.46 2.69842% 4,486,095.46 10,087.81 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------- Totals 1,120,993,195.46 2,395,264.46 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ----------------------------------------------------------------------------------------------- A 0.00 0.00 1,323,012.26 0.00 1,007,163,875.27 X-1 0.00 0.00 215,158.13 0.00 239,705,205.53 X-2 0.00 0.00 775,571.67 0.00 784,273,669.74 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 27,324.37 0.00 16,815,000.00 B-2 0.00 0.00 20,166.20 0.00 8,968,000.00 B-3 0.00 0.00 13,863.14 0.00 6,165,000.00 B-4 0.00 0.00 6,300.81 0.00 2,802,000.00 B-5 0.00 0.00 3,780.04 0.00 1,681,000.00 B-6 0.00 0.00 10,087.81 0.00 4,486,095.46 - ----------------------------------------------------------------------------------------------- Totals 0.00 0.00 2,395,264.43 0.00 - -----------------------------------------------------------------------------------------------
(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
- ----------------------------------------------------------------------------------------------------------------------- Payment of Current Beginning Unpaid Current Original Face Certificate Certificate Current Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ----------------------------------------------------------------------------------------------------------------------- A 1,080,076,000.00 1.55000% 948.32915686 1.22492516 0.00000000 0.00000000 X-1 0.00 1.06627% 969.67625952 0.86161704 0.00000000 0.00000000 X-2 0.00 1.16490% 943.06244962 0.91547810 0.00000000 0.00000000 A-R 100.00 3.16651% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 16,815,000.00 1.95000% 1000.00000000 1.62500030 0.00000000 0.00000000 B-2 8,968,000.00 2.69842% 1000.00000000 2.24868421 0.00000000 0.00000000 B-3 6,165,000.00 2.69842% 1000.00000000 2.24868451 0.00000000 0.00000000 B-4 2,802,000.00 2.69842% 1000.00000000 2.24868308 0.00000000 0.00000000 B-5 1,681,000.00 2.69842% 1000.00000000 2.24868531 0.00000000 0.00000000 B-6 4,486,095.46 2.69842% 1000.00000000 2.24868376 0.00000000 0.00000000 - -----------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------- Non- Remaining Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - -------------------------------------------------------------------------------------------------------- A 0.00000000 0.00000000 1.22492515 0.00000000 932.49352385 X-1 0.00000000 0.00000000 0.86161704 0.00000000 959.91766628 X-2 0.00000000 0.00000000 0.91547809 0.00000000 925.74985451 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.62499970 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.24868421 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.24868451 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.24868308 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.24868531 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.24868376 0.00000000 1000.00000000 - --------------------------------------------------------------------------------------------------------
(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. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance Deposits Payments of Interest and Principal 19,834,799.27 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ---------------- Total Deposits 19,834,799.27 Withdrawals Reimbursement for Servicer Advances 648.37 Payment of Service Fee 335,199.29 Payment of Interest and Principal 19,498,951.61 ---------------- Total Withdrawals (Pool Distribution Amount) 19,834,799.27 Ending Balance 0.00 ================
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 ---------------- Non-Supported Prepayment Curtailment Interest Shortfall 0.00 ================
SERVICING FEES Gross Servicing Fee 335,199.29 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------------- Net Servicing Fee 335,199.29 ================
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------- Reserve Fund 10,000.00 0.00 0.00 10,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
- ---------------------------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------------------------------------------------------------------------------------------------- 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%
- --------------------------------------------------------------------------------------- REO TOTAL - --------------------------------------------------------------------------------------- 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%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original % Current $ Current % Bankruptcy 218,860.00 0.01952376% 218,860.00 0.02088197% Fraud 33,629,796.00 3.00000001% 33,629,796.00 3.20870209% Special Hazard 11,209,932.00 1.00000000% 10,480,809.71 1.00000000%
Limit of subordinate's exposure to certain types of losses COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.076046% Weighted Average Net Coupon 2.698422% Weighted Average Pass-Through Rate 2.698422% Weighted Average Maturity (Stepdown Calculation) 318 Beginning Scheduled Collateral Loan Count 3,045 Number of Loans Paid in Full 45 Ending Scheduled Collateral Loan Count 3,000 Beginning Scheduled Collateral Balance 1,065,184,657.89 Ending Scheduled Collateral Balance 1,048,080,970.73 Ending Actual Collateral Balance at 31-July-2003 1,048,083,590.58 Monthly P&I Constant 2,730,463.73 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,048,080,970.73 Scheduled Principal 0.00 Unscheduled Principal 17,103,687.16
MISCELLANEOUS REPORTING Principal Balance of 1-Month Libor Loans 245,347,311.91 Principal Balance of 6-Month Libor Loans 802,733,658.82 Pro Rata Senior Percentage 96.158685% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Payment Received from Cap Provide 0