Wells Fargo Bank Minnesota, N.A. SMT Series 2003-5 Certificateholder Distribution Statement (August–September 2003)

Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A., as Certificate Administrator, for the SMT Series 2003-5 trust. It summarizes the principal and interest payments made to certificateholders for the period ending September 22, 2003, in accordance with the Pooling and Servicing Agreement. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were performed as required. No realized losses were reported for this period.

EX-10.1 3 f93523jexv10w1.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 2003-5 RECORD DATE: AUGUST 29, 2003 DISTRIBUTION DATE: SEPTEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY

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

(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

(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

(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

(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 0.00 Deposits Payments of Interest and Principal 6,227,032.39 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,129.75 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------------- Total Deposits 6,238,162.14 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 274,206.44 Payment of Interest and Principal 5,963,955.70 ------------------- Total Withdrawals (Pool Distribution Amount) 6,238,162.14 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 268,834.01 Master Servicing Fee 5,372.43 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------------- Net Servicing Fee 274,206.44 ===================

Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------- --------- ----------- -------- --------- ~~Class X-1 Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund 2,500.00 0.00 0.00 2,500.00 Class X-B Reserve Fund 2,500.00 0.00 0.00 2,500.00~~
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT One-Month LIBOR - 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 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%
SIX-MONTH LIBOR - 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 6 2,887,550.00 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 --------- ------------- --------- --------- --------- --------- 6 2,887,550.00 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 0.357782% 0.476378% 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% --------- ------------ --------- --------- --------- --------- 0.357782% 0.476378% 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 6 2,887,550.00 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 6 2,887,550.00 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 0.357782% 0.476378% 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% 0.357782% 0.476378%
Six-Month LIBOR - 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 1,590,651.98 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 1,590,651.98 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 0.738916% 1.021008% 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% --------- ------------- --------- --------- --------- --------- 0.738916% 1.021008% 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 1,590,651.98 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 1,590,651.98 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 0.738916% 1.021008% 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% 0.738916% 1.021008%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.088412% Weighted Average Net Coupon 2.713115% Weighted Average Pass-Through Rate 2.705615% Weighted Average Maturity (Stepdown Calculation) 336 Beginning Scheduled Collateral Loan Count 2,290 Number of Loans Paid in Full 5 Ending Scheduled Collateral Loan Count 2,285 Beginning Scheduled Collateral Balance 859,589,309.40 Ending Scheduled Collateral Balance 855,563,451.94 Ending Actual Collateral Balance at 29-Aug-2003 855,563,184.51 Monthly P&I Constant 2,212,304.69 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,886,430.33 Ending Scheduled Balance for Premium Loans 855,563,451.94 Scheduled Principal 0.00 Unscheduled Principal 4,025,857.46

MISCELLANEOUS REPORTING Pro Rata Senior Percent - Group 1 96.00 Pro Rata Senior Percent - Group 2 95.10 Senior Percent - Group 1 100.00 Senior Percent - Group 2 100.00 Senior Prepayment Percent - Group 1 100.00 Senior Prepayment Percent - Group 2 100.00 Subordinate Percent - Group 1 0.00 Subordinate Percent - Group 2 0.00 Subordinate Prepayment Percent - Group 1 0.00 Subordinate Prepayment Percent - Group 2 0.00 Principal Transfer Amount - Group 1 0.00 Principal Transfer Amount - Group 2 0.00 Interest Transfer Amount - Group 1 0.00 Interest Transfer Amount - Group 2 0.00

GROUP 1 MO. LIBOR - GR 1 6 MO LIBOR - GR 1 6 MO LIBOR - GR 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.865858 3.119008 3.102377 3.088412 Weighted Average Net Rate 2.490858 2.743628 2.727229 2.713115 Pass-Through Rate 2.483358 2.736128 2.719729 2.705615 Weighted Average Maturity 321 339 336 336 Record Date 08/29/2003 08/29/2003 08/29/2003 08/29/2003 Principal and Interest Constant 223,664.03 1,585,735.98 402,904.68 2,212,304.69 Beginning Loan Count 202 1,682 406 2,290 Loans Paid in Full 0 5 0 5 Ending Loan Count 202 1,677 406 2,285 Beginning Scheduled Balance 93,653,209.88 610,092,490.61 155,843,608.91 859,589,309.40 Ending Scheduled Balance 93,624,244.17 606,147,007.22 155,792,200.55 855,563,451.94 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 28,965.71 3,945,483.39 51,408.36 4,025,857.46 Scheduled Interest 223,664.03 1,585,735.98 402,904.68 2,212,304.69 Servicing Fee 29,266.63 190,846.98 48,720.40 268,834.01 Master Servicing Fee 585.33 3,813.07 974.03 5,372.43 Trustee Fee 0.00 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 Net Interest 193,812.07 1,391,075.93 353,210.25 1,938,098.25 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00