Certificateholder Distribution Summary for SMT Series 2003-3 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 2003-3, administered 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 information on account balances, loan delinquencies, and credit enhancements. No realized losses or foreclosures are reported for this period. The report is prepared in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 3 f93089iexv10w1.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 2003-3 RECORD DATE: JULY 31, 2003 DISTRIBUTION DATE: AUGUST 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certif- Cumul- icate Current ative Certificate Pass- Beginning Real- Ending Total Real Class Through Certificate Interest Principal ized Certificate Distri- ized Class CUSIP Description Rate Balance Distribution Distribution Loss Balance bution Loss - ----------------------------------------------------------------------------------------------------------------------------------- A-1 81743PAT3 SEN 1.43000% 377,786,741.68 450,195.87 2,135,365.94 0.00 375,651,375.74 2,585,561.81 0.00 A-2 81743PAU0 SEN 1.34000% 149,750,535.83 167,221.43 1,233,081.22 0.00 148,517,454.61 1,400,302.65 0.00 X-1A 81743PAV8 IO 1.20496% 0.00 100,243.14 0.00 0.00 0.00 100,243.14 0.00 X-1B 81743PAW6 IO 1.32791% 0.00 307,583.84 0.00 0.00 0.00 307,583.84 0.00 X-2 81743PAX4 IO 1.41168% 0.00 176,166.73 0.00 0.00 0.00 176,166.73 0.00 X-B 81743PAY2 IO 0.98286% 0.00 7,432.86 0.00 0.00 0.00 7,432.86 0.00 A-R 81743PBA3 R 2.63729% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 81743PBB1 SUB 1.75000% 9,075,000.00 13,234.38 0.00 0.00 9,075,000.00 13,234.38 0.00 B-2 81743PBC9 SUB 2.73286% 4,675,000.00 10,646.76 0.00 0.00 4,675,000.00 10,646.76 0.00 B-3 81743PBD7 SUB 2.73286% 2,475,000.00 5,636.52 0.00 0.00 2,475,000.00 5,636.52 0.00 B-4 81743PBE5 SUB 2.73286% 1,650,000.00 3,757.68 0.00 0.00 1,650,000.00 3,757.68 0.00 B-5 81743PBF2 SUB 2.73286% 825,000.00 1,878.84 0.00 0.00 825,000.00 1,878.84 0.00 B-6 81743PBG0 SUB 2.73286% 1,925,608.17 4,385.34 0.00 0.00 1,925,608.17 4,385.34 0.00 - ----------------------------------------------------------------------------------------------------------------------------------- Totals 548,162,885.68 1,248,383.39 3,368,447.16 0.00 544,794,438.52 4,616,830.55 0.00 - -----------------------------------------------------------------------------------------------------------------------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------- Reserve Fund 5,000.00 0.00 0.00 5,000.00 Reserve Fund 2,500.00 0.00 0.00 2,500.00 Reserve Fund 2,500.00 0.00 0.00 2,500.00
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 5 2,386,715.01 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 --------------------------- ------------------------- -------------------------- 5 2,386,715.01 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 0.316656% 0.438094% 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% --------------------------- ------------------------- -------------------------- 0.316656% 0.438094% 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 5 2,386,715.01 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 5 2,386,715.01 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 0.316656% 0.438094% 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% 0.316656% 0.438094%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5,736.71 Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ------------ ------------- ----------- --------------- ------------ Class A 20,625,608.17 3.75009211% 20,625,608.17 3,78594323% 96.214057% 0.000000% Class X-2 20,625,608.17 3.75009211% 20,625,608.17 3.78594323% 0.000000% 0.000000% Class B-1 11,550,608.17 2.10010024% 11,550,608.17 2.12017733% 1.665766% 43.998703% Class B-2 6,875,608.17 1.25010442% 6,875,608.17 1.26205550% 0.858122% 22.665998% Class B-3 4,400,608.17 0.80010664% 4,400,608.17 0.80775571% 0.454300% 11.999646% Class B-4 2,750,608.17 0.50010811% 2,750,608.17 0.50488918% 0.302867% 7.999764% Class B-5 1,925,608.17 0.35010885% 1,925,608.17 0.35345592% 0.151433% 3.999882% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.353456% 9.336007%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP GROUP 1
- ----------------------------------------------------------------------------------------------------------------------------------- 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 2 425,089.01 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------------------------- ------------------------- -------------------------- 2 425,089.01 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 0.178412% 0.108876% 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% -------------------------- ------------------------- -------------------------- 0.178412% 0.108876% 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 2 425,089.01 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------------------------- ---------------------------- 0 0.00 2 425,089.01 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 0.178412% 0.108876% 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% 0.178412% 0.108876%
GROUP 2
- -------------------------------------------------------------------------------------------------------------------------------- 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 3 1,961,626.00 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 -------------------------- -------------------------- ------------------------- 3 1,961,626.00 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 0.655022% 1.270819% 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% -------------------------- -------------------------- ------------------------- 0.655022% 1.270819% 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 3 1,961,626.00 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 3 1,961,626.00 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 0.655022% 1.270819% 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% 0.655022% 1.270819%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.118894% Weighted Average Net Coupon 2.742874% Weighted Average Pass-Through Rate 2.732874% Weighted Average Maturity (Stepdown Calculation) 356 Beginning Scheduled Collateral Loan Count 1,585 Number of Loans Paid in Full 6 Ending Scheduled Collateral Loan Count 1,579 Beginning Scheduled Collateral Balance 548,162,885.68 Ending Scheduled Collateral Balance 544,794,438.52 Ending Actual Collateral Balance at 31-July-2003 544,794,611.13 Monthly P&I Constant 1,424,718.46 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,569,858.17 Ending Scheduled Balance for Premium Loans 544,794,438.52 Scheduled Principal 0.00 Unscheduled Principal 3,368,447.16
MISCELLANEOUS REPORTING Group 1 One Month Libor Loan Balance 103,612,149.27 Group 1 Six Month Libor Loan Balance 286,823,116.34 Group 2 Six Month Libor Loan Balance 154,359,172.91 Pro-Rata Senior Percent 96.237321% Group 1 Senior Percent 100.000000% Group 2 Senior Percent 100.000000% Group 1 Senior Prepayment Percent 100.000000% Group 2 Senior Prepayment Percent 100.000000%
GROUP 1 2 TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.111845 3.136682 3.118894 Weighted Average Net Rate 2.735420 2.761682 2.742874 Pass-Through Rate 2.725420 2.751682 2.732874 Weighted Average Maturity 331 335 356 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal and Interest Constant 1,018,015.66 406,702.80 1,424,718.46 Beginning Loan Count 1,125 460 1,585 Loans Paid in Full 4 2 6 Ending Loan Count 1,121 458 1,579 Beginning Scheduled Balance 392,570,631.55 155,592,254.13 548,162,885.68 Ending Scheduled Balance 390,435,265.61 154,359,172.91 544,794,438.52 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 2,135,365.94 1,233,081.22 3,368,447.16 Scheduled Interest 1,018,015.66 406,702.80 1,424,718.46 Servicing Fee 123,144.46 48,622.58 171,767.04 Master Servicing Fee 3,271.42 1,296.61 4,568.03 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 891,599.78 356,783.61 1,248,383.39 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