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: October 31, 2003
Distribution Date: November 20, 2003

Certificateholder Distribution Summary

                                                      Certificate   Certificate
                            Class   Pass-Through   Beginning   Interest Class  
CUSIP   Description   Rate   Certificate Balance   Distribution

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A
  81744BAA4   SEN     1.57000 %     972,312,246.26       1,272,108.52  
X-1
  81744BAB2   IO     0.79188 %     0.00       154,571.43  
X-2
  81744BAC0   IO     1.08935 %     0.00       685,285.69  
A-R
  81744BAD8   SEN     3.16477 %     0.00       0.00  
B-1
  81744BAE6   SUB     1.97000 %     16,815,000.00       27,604.63  
B-2
  81744BAF3   SUB     2.59571 %     8,968,000.00       19,398.58  
B-3
  81744BAG1   SUB     2.59571 %     6,165,000.00       13,335.44  
B-4
  SMT0212B4   SUB     2.59571 %     2,802,000.00       6,060.98  
B-5
  SMT0212B5   SUB     2.59571 %     1,681,000.00       3,636.15  
B-6
  SMT0212B6   SUB     2.59571 %     4,486,095.46       9,703.82  
 
                           

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Totals
                            1,013,229,341.72       2,191,705.24  
 
                           

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[Additional columns below]

[Continued from above table, first column(s) repeated]

                                              Principal   Current   Ending
Certificate   Total   Cumulative Class   Distribution   Realized Loss   Balance
  Distribution   Realized Loss

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A
    12,999,501.44       0.00       959,312,744.82       14,271,609.96       0.00
 
X-1
    0.00       0.00       0.00       154,571.43       0.00  
X-2
    0.00       0.00       0.00       685,285.69       0.00  
A-R
    0.00       0.00       0.00       0.00       0.00  
B-1
    0.00       0.00       16,815,000.00       27,604.63       0.00  
B-2
    0.00       0.00       8,968,000.00       19,398.58       0.00  
B-3
    0.00       0.00       6,165,000.00       13,335.44       0.00  
B-4
    0.00       0.00       2,802,000.00       6,060.98       0.00  
B-5
    0.00       0.00       1,681,000.00       3,636.15       0.00  
B-6
    0.00       0.00       4,486,095.46       9,703.82       0.00  
 
   

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Totals
    12,999,501.44       0.00       1,000,229,840.28       15,191,206.68      
0.00  
 
   

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

 

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Principal Distribution Statement

                                                              Beginning  
Scheduled   Unscheduled                     Original Face   Certificate  
Principal   Principal           Realized Class   Amount   Balance   Distribution
  Distribution   Accretion   Loss (1)

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A
    1,080,076,000.00       972,312,246.26       0.00       12,999,501.44      
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
 
 
   

--------------------------------------------------------------------------------

     

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Totals
    1,120,993,195.46       1,013,229,341.72       0.00       12,999,501.44      
0.00       0.00  
 
   

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[Additional columns below]

[Continued from above table, first column(s) repeated]

                                      Total Principal   Ending Certificate  
Ending Certificate   Total Principal Class   Reduction   Balance   Percentage  
Distribution

--------------------------------------------------------------------------------

 

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A
    12,999,501.44       959,312,744.82       0.88819004       12,999,501.44  
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  
 
   

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Totals
    12,999,501.44       1,000,229,840.28       0.89227111       12,999,501.44  
 
   

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(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)

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A
    1,080,076,000.00       900.22576769       0.00000000       12.03572845      
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  

[Additional columns below]

[Continued from above table, first column(s) repeated]

                                              Ending                     Total
Principal   Certificate   Ending Certificate   Total Principal Class   Reduction
  Balance   Percentage   Distribution

--------------------------------------------------------------------------------

 

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A
    12.03572845       888.19003924       0.88819004       12.03572845  
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.

 

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Interest Distribution Statement

                                                                               
                      Payment of           Non-                            
Beginning   Current   Unpaid   Current   Supported             Original Face  
Current   Certificate/   Accrued   Interest   Interest   Interest   Realized
Class   Amount   Certificate Rate   Notional Balance   Interest   Shortfall  
Shortfall   Shortfall   Loss (4)

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A
    1,080,076,000.00       1.57000 %     972,312,246.26       1,272,108.52      
0.00       0.00       0.00       0.00  
X-1
    0.00       0.79188 %     234,235,606.43       154,571.43       0.00      
0.00       0.00       0.00  
X-2
    0.00       1.08935 %     754,891,639.83       685,285.69       0.00      
0.00       0.00       0.00  
A-R
    100.00       3.16477 %     0.00       0.00       0.00       0.00       0.00
      0.00  
B-1
    16,815,000.00       1.97000 %     16,815,000.00       27,604.63       0.00  
    0.00       0.00       0.00  
B-2
    8,968,000.00       2.59571 %     8,968,000.00       19,398.58       0.00    
  0.00       0.00       0.00  
B-3
    6,165,000.00       2.59571 %     6,165,000.00       13,335.44       0.00    
  0.00       0.00       0.00  
B-4
    2,802,000.00       2.59571 %     2,802,000.00       6,060.98       0.00    
  0.00       0.00       0.00  
B-5
    1,681,000.00       2.59571 %     1,681,000.00       3,636.15       0.00    
  0.00       0.00       0.00  
B-6
    4,486,095.46       2.59571 %     4,486,095.46       9,703.82       0.00    
  0.00       0.00       0.00  
 
   

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--------------------------------------------------------------------------------

     

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Totals
    1,120,993,195.46                       2,191,705.24       0.00       0.00  
    0.00       0.00  
 
   

--------------------------------------------------------------------------------

                     

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[Additional columns below]

[Continued from above table, first column(s) repeated]

                                      Remaining   Ending             Unpaid  
Certificate/     Total Interest   Interest   Notational Class   Distribution  
Shortfall   Balance

--------------------------------------------------------------------------------

 

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--------------------------------------------------------------------------------

A
    1,272,108.52       0.00       959,312,744.82  
X-1
    154,571.43       0.00       231,973,810.28  
X-2
    685,285.69       0.00       744,153,934.54  
A-R
    0.00       0.00       0.00  
B-1
    27,604.63       0.00       16,815,000.00  
B-2
    19,398.58       0.00       8,968,000.00  
B-3
    13,335.44       0.00       6,165,000.00  
B-4
    6,060.98       0.00       2,802,000.00  
B-5
    3,636.15       0.00       1,681,000.00  
B-6
    9,703.82       0.00       4,486,095.46  
 
   

--------------------------------------------------------------------------------

     

--------------------------------------------------------------------------------

         
Totals
    2,191,705.24       0.00          
 
   

--------------------------------------------------------------------------------

     

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(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           Non-                     Current  
Beginning           Unpaid   Current   Supported         Class   Original Face  
Certificate   Certificate   Current Accrued   Interest   Interest   Interest  
Realized (5)   Amount   Rate   Notional Balance   Interest   Shortfall  
Shortfall   Shortfall   Loss (6)

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A
    1,080,076,000.00       1.57000 %     900.22576769       1.17779538      
0.00000000       0.00000000       0.00000000       0.00000000  
X-1
    0.00       0.79188 %     938.01424207       0.61899301       0.00000000    
  0.00000000       0.00000000       0.00000000  
X-2
    0.00       1.08935 %     891.06756061       0.80890530       0.00000000    
  0.00000000       0.00000000       0.00000000  
A-R
    100.00       3.16477 %     0.00000000       0.00000000       0.00000000    
  0.00000000       0.00000000       0.00000000  
B-1
    16,815,000.00       1.97000 %     1000.00000000       1.64166696      
0.00000000       0.00000000       0.00000000       0.00000000  
B-2
    8,968,000.00       2.59571 %     1000.00000000       2.16308876      
0.00000000       0.00000000       0.00000000       0.00000000  
B-3
    6,165,000.00       2.59571 %     1000.00000000       2.16308840      
0.00000000       0.00000000       0.00000000       0.00000000  
B-4
    2,802,000.00       2.59571 %     1000.00000000       2.16309065      
0.00000000       0.00000000       0.00000000       0.00000000  
B-5
    1,681,000.00       2.59571 %     1000.00000000       2.16308745      
0.00000000       0.00000000       0.00000000       0.00000000  
B-6
    4,486,095.46       2.59571 %     1000.00000000       2.16308817      
0.00000000       0.00000000       0.00000000       0.00000000  

[Additional columns below]

[Continued from above table, first column(s) repeated]

                                      Remaining                     Unpaid      
  Class   Total Interest   Interest   Ending Certificate/ (5)   Distribution  
Shortfall   Notational Balance

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

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--------------------------------------------------------------------------------

A
    1.17779538       0.00000000       888.19003924  
X-1
    0.61899301       0.00000000       928.95670793  
X-2
    0.80890530       0.00000000       878.39286618  
A-R
    0.00000000       0.00000000       0.00000000  
B-1
    1.64166696       0.00000000       1000.00000000  
B-2
    2.16308876       0.00000000       1000.00000000  
B-3
    2.16308840       0.00000000       1000.00000000  
B-4
    2.16309065       0.00000000       1000.00000000  
B-5
    2.16308745       0.00000000       1000.00000000  
B-6
    2.16308817       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.

 

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Certificateholder Account Statement

Certificate Account

           
Beginning Balance
       
Deposits
         
Payments of Interest and Principal
    15,509,726.72    
Liquidations, Insurance Proceeds, Reserve Funds
    0.00    
Proceeds from Repurchased Loans
    0.00    
Other Amounts (Servicer Advances)
    443.01    
Realized Losses
    0.00    
Prepayment Penalties
    0.00    
 
   

--------------------------------------------------------------------------------

 
Total Deposits
    15,510,169.73  
Withdrawals
         
Reimbursement for Servicer Advances
    0.00    
Payment of Service Fee
    318,963.04    
Payment of Interest and Principal
    15,191,206.69    
 
   

--------------------------------------------------------------------------------

 
Total Withdrawals (Pool Distribution Amount)
    15,510,169.73  
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
    318,963.04  
Supported Prepayment/Curtailment Interest Shortfall
    0.00  
 
   

--------------------------------------------------------------------------------

 
Net Servicing Fee
    318,963.04  
 
   

--------------------------------------------------------------------------------

 

 

--------------------------------------------------------------------------------

 

                                  Account Type   Beginning Balance   Current
Withdrawals   Current Deposits   Ending Balance

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

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--------------------------------------------------------------------------------

Reserve Fund
    10,000.00       0.00       0.00       10,000.00  

Loan Status Stratification/Credit Enhancement Statement

                                                                  DELINQUENT  
BANKRUPTCY   FORECLOSURE

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--------------------------------------------------------------------------------

    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
    1       177,206.76     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  
 
   

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    1       177,206.76               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
    0.034650 %     0.017717 %   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 %
 
   

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    0.034650 %     0.017717 %             0.000000 %     0.000000 %            
0.000000 %     0.000000 %

                                          REO   TOTAL

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    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     1       177,206.76  
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  
 
   

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    0       0.00               1       177,206.76  

                                              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     0.034650 %     0.017717 %
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 %
 
   

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    0.000000 %     0.000000 %             0.034650 %     0.017717 %

                                  Current Period Class A Insufficient Funds:    
0.00     Principal Balance of Contaminated Properties     0.00     Periodic
Advance     443.01  

                                              Original $   Original %   Current
$   Current %  
Bankruptcy
    218,860.00       0.01952376 %     218,860.00       0.02188097 %    
Fraud
    33,629,796.00       3.00000001 %     33,629,796.00       3.36220683 %
Special Hazard
    11,209,932.00       1.00000000 %     10,303,554.54       1.03011869 %

Limit of subordinate’s exposure to certain types of losses

 

--------------------------------------------------------------------------------

 

Collateral Statement

          Collateral Description   Mixed ARM
Weighted Average Gross Coupon
    2.973465 %
Weighted Average Net Coupon
    2.595707 %
Weighted Average Pass-Through Rate
    2.595707 %
Weighted Average Maturity (Stepdown Calculation)
    315  
Beginning Scheduled Collateral Loan Count
    2,920  
Number of Loans Paid in Full
    34  
Ending Scheduled Collateral Loan Count
    2,886  
Beginning Scheduled Collateral Balance
    1,013,229,341.72  
Ending Scheduled Collateral Balance
    1,000,229,840.28  
Ending Actual Collateral Balance at 31-Oct-2003
    1,000,235,142.23  
Monthly P&I Constant
    2,510,668.28  
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
    1,000,229,840.28  
Scheduled Principal
    0.00  
Unscheduled Principal
    12,999,501.44  

Miscellaneous Reporting

         
Principal Balance of 1-Month Libor Loans
    237,701,600.47  
Principal Balance of 6-Month Libor Loans
    762,528,239.81  
Pro Rata Senior Percentage
    95.961714 %
Senior Percentage
    100.000000 %
Senior Prepayment Percentage
    100.000000 %
Subordinate Percentage
    0.000000 %
Subordinate Prepayment Percentage
    0.000000 %
Payment Received from Cap Provide
    0