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 2002-11
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
  81744AAA6   SEN     1.57000 %     617,787,354.37       808,271.77  
X-1A
  81744AAC2   IO     0.90058 %     0.00       133,003.03  
X-1B
  81744AAD0   IO     1.02343 %     0.00       375,736.97  
X-B
  81744AAE8   IO     0.46819 %     0.00       3,794.64  
A-R
  81744AAF5   SEN     3.25208 %     0.00       0.00  
B-1
  81744AAB4   SUB     2.09000 %     9,726,000.00       16,939.45  
B-2
  81744AAG3   SUB     2.55819 %     5,764,000.00       12,287.81  
B-3
  81744AAH1   SUB     2.55819 %     3,962,000.00       8,446.27    
B-4
  SMT0211B4   SUB     2.55819 %     1,801,000.00       3,839.41  
B-5
  SMT0211B5   SUB     2.55819 %     1,080,000.00       2,302.37  
B-6
  SMT0211B6   SUB     2.55819 %     2,882,787.00       6,145.58                
               

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Totals
                            643,003,141.37       1,370,767.30                  
             

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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
    8,471,838.46       0.00       609,315,515.91       9,280,110.23       0.00  
X-1A
    0.00       0.00       0.00       133,003.03       0.00  
X-1B
    0.00       0.00       0.00       375,736.97       0.00  
X-B
      0.00       0.00       0.00       3,794.64       0.00  
A-R
    0.00       0.00       0.00       0.00       0.00  
B-1
    0.00       0.00       9,726,000.00       16,939.45       0.00  
B-2
    0.00       0.00       5,764,000.00       12,287.81       0.00  
B-3
    0.00       0.00       3,962,000.00       8,446.27       0.00  
B-4
    0.00       0.00       1,801,000.00       3,839.41       0.00  
B-5
      0.00       0.00       1,080,000.00       2,302.37       0.00  
B-6
    0.00       0.00       2,882,787.00       6,145.58       0.00        

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Totals
    8,471,838.46       0.00       634,531,302.91       9,842,605.76       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
    695,210,000.00       617,787,354.37       0.00       8,471,838.45       0.00
      0.00    
X-1A
    0.00       0.00       0.00       0.00       0.00       0.00    
X-1B
    0.00       0.00       0.00       0.00       0.00       0.00    
X-B
    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
    9,726,000.00       9,726,000.00       0.00       0.00       0.00       0.00
   
B-2
    5,726,000.00       5,764,000.00       0.00       0.00       0.00       0.00
   
B-3
    3,962,000.00       3,962,000.00       0.00       0.00       0.00       0.00
   
B-4
    1,801,000.00       1,801,000.00       0.00       0.00       0.00       0.00
   
B-5
    1,080,000.00       1,080,000.00       0.00       0.00       0.00       0.00
   
B-6
    2,882,787.00       2,882,787.00       0.00       0.00       0.00       0.00
 
 
   

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Totals
    720,425,887.00       643,003,141.37       0.00       8,471,838.45       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
    8,471,838.46       609,315,515.91       0.87644815       8,471,838.46  
X-1A
    0.00       0.00       0.00000000       0.00  
X-1B
    0.00       0.00       0.00000000       0.00  
X-B
    0.00       0.00       0.00000000       0.00  
A-R
    0.00       0.00       0.00000000       0.00  
B-1
    0.00       9,726,000.00       1.00000000       0.00  
B-2
    0.00       5,764,000.00       1.00000000       0.00  
B-3
    0.00       3,962,000.00       1.00000000       0.00  
B-4
    0.00       1,801,000.00       1.00000000       0.00  
B-5
    0.00       1,080,000.00       1.00000000       0.00  
B-6
    0.00       2,882,787.00       1.00000000       0.00  
 
   

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Totals
    8,471,838.46       634,531,302.91       0.88077249       8,471,838.46  
 
   

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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   Certificate  
Principal   Principal           Realized Class   Face Amount   Balance  
Distribution   Distribution   Accretion   Loss (3)

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A
    695,210,000.00       888.63415999       0.00000000       12.18601351      
0.00000000       0.00000000  
X-1A
    0.00       0.00000000       0.00000000       0.00000000       0.00000000    
  0.00000000  
X-1B
    0.00       0.00000000       0.00000000       0.00000000       0.00000000    
  0.00000000  
X-B
    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
    9,726,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-2
    5,764,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-3
    3,962,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-4
    1,801,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-5
    1,080,000.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  
B-6
    2,882,787.00       1000.00000000       0.00000000       0.00000000      
0.00000000       0.00000000  

[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
    12.18601352       876.44814647       0.87644815       12.18601352  
X-1A
    0.00000000       0.00000000       0.00000000       0.00000000  
X-1B
    0.00000000       0.00000000       0.00000000       0.00000000  
X-B
    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
    695,210,000.00       1.57000 %     617,787,354.37       808,271.79      
0.00       0.00       0.00       0.00  
X-1A
    0.00       0.90058 %     177,223,268.60       133,003.03       0.00      
0.00       0.00       0.00  
X-1B
    0.00       1.02343 %     440,564,085.77       375,736.97       0.00      
0.00       0.00       0.00  
X-B
    0.00       0.46819 %     9,726,000.00       3,794.64       0.00       0.00  
    0.00       0.00  
A-R
    100.00       3.25208 %     0.00       0.00       0.00       0.00       0.00
      0.00  
B-1
    9,726,000.00       2.09000 %     9,726,000.00       16,939.45       0.00    
  0.00       0.00       0.00  
B-2
    5,764,000.00       2.55819 %     5,764,000.00       12,287.81       0.00    
  0.00       0.00       0.00  
B-3
    3,962,000.00       2.55819 %     3,962,000.00       8,446.27       0.00    
  0.00       0.00       0.00  
B-4
    1,801,000.00       2.55819 %     1,801,000.00       3,839.41       0.00    
  0.00       0.00       0.00  
B-5
    1,080,000.00       2.55819 %     1,080,000.00       2,302.37       0.00    
  0.00       0.00       0.00  
B-6
    2,882,787.00       2.55819 %     2,882,787.00       6,145.58       0.00    
  0.00       0.00       0.00            

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

                     

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Totals
    720,425,887.00                       1,370,767.32       0.00       0.00    
  0.00       0.00            

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[Additional columns below]

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

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

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A
    808,271.77       0.00       609,315,515.91    
X-1A
    133,003.03       0.00       174,660,665.50    
X-1B
    375,736.97       0.00       434,654,961.41    
X-B
    3,794.64       0.00       9,726,000.00    
A-R
    0.00       0.00       0.00    
B-1
    16,939.45       0.00       9,726,000.00    
B-2
    12,287.81       0.00       5,764,000.00    
B-3
    8,446.27       0.00       3,962,000.00    
B-4
    3,839.41       0.00       1,801,000.00    
B-5
    2,302.37       0.00       1,080,000.00    
B-6
    6,145.58       0.00       2,882,787.00            

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Totals
    1,370,767.30       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

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

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A
      695,210,000.00       1.57000 %     888.63415999       1.16262969      
0.00000000       0.00000000       0.00000000       0.00000000  
X-1A
    0.00       0.90058 %     924.18640670       0.69358608       0.00000000    
  0.00000000       0.00000000       0.00000000  
X-1B
    0.00       1.02343 %     875.09263753       0.74632651       0.00000000    
  0.00000000       0.00000000       0.00000000  
X-B
    0.00       0.46819 %     1000.00000000       0.39015423       0.00000000    
  0.00000000       0.00000000       0.00000000  
A-R
    100.00       3.25208 %     0.00000000       0.00000000       0.00000000    
  0.00000000       0.00000000       0.00000000  
B-1
    9,726,000.00       2.09000 %     1000.00000000       1.74166667      
0.00000000       0.00000000       0.00000000       0.00000000  
B-2
    5,726,000.00       2.55819 %     1000.00000000       2.13181992      
0.00000000       0.00000000       0.00000000       0.00000000  
B-3
    3,962,000.00       2.55819 %     1000.00000000       2.13181979      
0.00000000       0.00000000       0.00000000       0.00000000  
B-4
    1,801,000.00       2.55819 %     1000.00000000       2.13182121      
0.00000000       0.00000000       0.00000000       0.00000000  
B-5
    1,080,000.00       2.55819 %     1000.00000000       2.13182407      
0.00000000       0.00000000       0.00000000       0.00000000  
B-6
    2,882,787.00       2.55819 %     1000.00000000       2.13181897      
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
    1.16262967       0.00000000       876.44814647  
X-1A
    0.69358608       0.00000000       910.82232898  
X-1B
    0.74632651       0.00000000       963.35534121  
X-B
    0.39015423       0.00000000       1000.00000000  
A-R
    0.00000000       0.00000000       0.00000000  
B-1
    1.74166667       0.00000000       1000.00000000  
B-2
    2.13181992       0.00000000       1000.00000000  
B-3
    2.13181979       0.00000000       1000.00000000  
B-4
    2.13182121       0.00000000       1000.00000000  
B-5
    2.13182407       0.00000000       1000.00000000  
B-6
    2.13181897       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
    0.00  
Deposits
         
Payments of Interest and Principal
    10,040,854.33    
Liquidations, Insurance Proceeds, Reserve Funds
    0.00    
Proceeds from Repurchased Loans
    0.00    
Other Amounts (Servicer Advances)
    4,164.15    
Realized Losses
    0.00    
Prepayment Penalties
    0.00  
 
   

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Total Deposits
    10,045,018.48  
Withdrawals
         
Reimbursement for Servicer Advances
    4,756.71    
Payment of Service Fee
    197,656.00    
Payment of Interest and Principal
    9,842,605.77  
 
   

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Total Withdrawals (Pool Distribution Amount)
    10,045,018.48  
Ending Balance
    0.00  
 
   

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Prepayment/Curtailment Interest Shortfall

         
Total Prepayment/Curtailment Interest Shortfall
    0.00  
Servicing Fee Support
    0.00  
 
   

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Non-Supported Prepayment Curtailment Interest Shortfall
    0.00  
 
   

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Servicing Fees

         
Gross Servicing Fee
    193,905.17  
Master Servicing Fee
    3,750.83  
Supported Prepayment/Curtailment Interest Shortfall
    0.00  
 
   

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Net Servicing Fee
    197,656.00  
 
   

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                                      Beginning   Current   Current   Ending
Account Type   Balance   Withdrawals   Deposits   Balance

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

 

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Class X-1 Basis Risk Reserve Fund
    5,000.00       0.00       0.00       5,000.00  
Class X-B Basis Risk Reserve Fund
    5,000.00       0.00       0.00       5,000.00  

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       1,998,789.74     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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--------------------------------------------------------------------------------

             

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    1       1,998,789.74               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
    0.054855 %     0.315005 %   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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    0.054855 %     0.315005 %             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     1       1,998,789.74  
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               1       1,998,789.74  

                                              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     0.054855 %     0.315005 %
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 %             0.054855 %     0.315005 %

                                  Current Period Class A Insufficient Funds:    
0.00     Principal Balance of Contaminated Properties     0.00     Periodic
Advance     4,164.15  

 

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

 

Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage

                                                          Original $   Original
%   Current $   Current %   Current Class %   Prepayment %      

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

 

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

 

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

 

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

 

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

 

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

Class A
    25,215,787.00       3.50012228 %     25,215,787.00       3.97392325 %    
96.026077 %     0.000000 %
Class B-1
    15,489,787.00       2.15008751 %     15,489,787.00       2.44113835 %    
1.532785 %     38.571075 %
Class B-2
    9,725,787.00       1.35000521 %     9,725,787.00       1.53275133 %    
0.908387 %     22.858696 %
Class B-3
    5,763,787.00       0.80005273 %     5,763,787.00       0.90835345 %    
0.624398 %     15.712379 %
Class B-4
    3,962,787.00       0.55006172 %     3,962,787.00       0.62452191 %    
0.283832 %     7.142351 %
Class B-5
    2,882,787.00       0.40015039 %     2,882,787.00       0.45431754 %    
0.170204 %     4.283031 %
Class B-6
    0.00       0.00000000 %     0.00       0.00000000 %     0.454318 %    
11.432469 %

Please refer to the prospectus supplement for a full description of loss
exposure

                                              Original $   Original %   Current
$   Current %
Bankruptcy
    119,754.00       0.01662267 %     119,754.00       0.01887283 %
Fraud
    21,612,777.00       3.00000005 %     12,860,062.83       2.02670267 %
Special Hazard
    11,600,000.00       1.61015869 %     11,600,000.00       1.82812100 %

Limit of subordinate’s exposure to certain types of losses

 

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

 

Collateral Statement

          Collateral Description   Mixed ARM
Weighted Average Gross Coupon
    2.927059 %
Weighted Average Net Coupon
    2.565185 %
Weighted Average Pass-Through Rate
    2.558185 %
Weighted Average Maturity (Stepdown Calculation)
    314  
Beginning Scheduled Collateral Loan Count
    1,843  
Number of Loans Paid in Full
    20  
Ending Scheduled Collateral Loan Count
    1,823  
Beginning Scheduled Collateral Balance
    643,003,141.37  
Ending Scheduled Collateral Balance
    634,531,302.91  
Ending Actual Collateral Balance at 31-Oct-2003
    634,526,071.98  
Monthly P&I Constant
    1,568,423.39  
Special Servicing Fee
    0.00  
Prepayment Penalties
    0.00  
Realization Loss Amount
    0.00  
Cumulative Realized Loss
    0.00  
Class A Optimal Amount
    9,280,110.25  
Ending Scheduled Balance for Premium Loans
    634,531,302.91  
Scheduled Principal
    0.00  
Unscheduled Principal
    8,471,838.45  

Miscellaneous Reporting

         
Pro Rata Senior Percentage
    96.078435 %
Senior Percentage
    100.000000 %
Senior Prepayment Percentage
    100.000000 %
Subordinate Percentage
    0.000000 %
Subordinate Prepayment Percentage
    0.000000 %
One Month LIBOR Loan Balance
    181,888,670.68  
Six Month LIBOR Loan Balance
    452,642,632.23