EXHIBIT 10.1

EX-10.1 2 f21141cexv10w1.htm EXHIBIT 10.1 exv10w1

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) ###-###-#### Fax: (301) ###-###-####

SMT SERIES 2004-12
Record Date: April 28, 2006
Distribution Date: May 22, 2006

Certificateholder Distribution Summary



		Certificate	Certificate
		Class	Pass-Through			Beginning		Interest		Principal		Current		Ending Certificate		Total		Cumulative
Class	CUSIP	Description	Rate			Certificate Balance		Distribution		Distribution		Realized Loss		Balance		Distribution		Realized Loss

A-1	81744FFY8	SEN		5.19250	%		184,650,416.16		798,997.74		12,810,002.41		0.00		171,840,413.75		13,609,000.15		0.00
A-2	81744FFZ5	SEN		4.95688	%		95,865,214.44		395,993.64		6,957,482.02		0.00		88,907,732.43		7,353,475.66		0.00
A-3	81744FGA9	SEN		4.98688	%		82,259,394.59		341,848.11		3,926,522.62		0.00		78,332,871.97		4,268,370.73		0.00
X-A1	81744FGB7	IO		0.65626	%		0.00		153,409.94		0.00		0.00		0.00		153,409.94		0.00
X-A2	81744FGC5	IO		0.94412	%		0.00		64,719.07		0.00		0.00		0.00		64,719.07		0.00
X-B	81744FGD3	IO		0.10678	%		0.00		1,194.15		0.00		0.00		0.00		1,194.15		0.00
B-1	81744FGF8	SUB		5.42250	%		8,588,000.00		38,807.03		290,056.65		0.00		8,297,943.35		328,863.68		0.00
B-2	81744FGG6	SUB		5.77250	%		6,134,000.00		29,507.10		207,173.67		0.00		5,926,826.33		236,680.77		0.00
B-3	81744FGH4	SUB		6.17250	%		3,680,000.00		18,929.00		124,290.69		0.00		3,555,709.31		143,219.69		0.00
B-4	81744FGJ0	SUB		5.76702	%		2,453,000.00		11,788.75		82,849.20		0.00		2,370,150.80		94,637.95		0.00
B-5	81744FGK7	SUB		5.76702	%		920,000.00		4,421.38		31,072.67		0.00		888,927.33		35,494.05		0.00
B-6	81744FGL5	SUB		5.76702	%		2,762,778.00		13,277.50		93,311.85		0.00		2,669,466.15		106,589.35		0.00
A-R	81744FGE1	RES		4.66404	%		0.00		0.17		0.00		0.00		0.00		0.17		0.00

Totals							387,312,803.19		1,872,893.58		24,522,761.78		0.00		362,790,041.42		26,395,655.36		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		Total Principal		Ending Certificate		Ending Certificate		Total Principal
Class	Amount		Balance		Distribution		Distribution		Accretion		Loss		Reduction		Balance		Percentage		Distribution

A-1		380,510,000.00		184,650,416.16		888.29		12,809,114.11		0.00		0.00		12,810,002.41		171,840,413.75		0.45160551		12,810,002.41
A-2		208,392,000.00		95,865,214.44		358.41		6,957,123.60		0.00		0.00		6,957,482.02		88,907,732.43		0.42663697		6,957,482.02
A-3		218,330,615.00		82,259,394.59		0.00		3,926,522.62		0.00		0.00		3,926,522.62		78,332,871.97		0.35878098		3,926,522.62
X-A1		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00
X-A2		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00
X-B		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00
B-1		8,588,000.00		8,588,000.00		18.23		290,038.42		0.00		0.00		290,056.65		8,297,943.35		0.96622536		290,056.65
B-2		6,134,000.00		6,134,000.00		13.02		207,160.65		0.00		0.00		207,173.67		5,926,826.33		0.96622536		207,173.67
B-3		3,680,000.00		3,680,000.00		7.81		124,282.88		0.00		0.00		124,290.69		3,555,709.31		0.96622536		124,290.69
B-4		2,453,000.00		2,453,000.00		5.21		82,844.00		0.00		0.00		82,849.20		2,370,150.80		0.96622536		82,849.20
B-5		920,000.00		920,000.00		1.95		31,070.72		0.00		0.00		31,072.67		888,927.33		0.96622535		31,072.67
B-6		2,762,778.00		2,762,778.00		5.87		93,305.98		0.00		0.00		93,311.85		2,669,466.15		0.96622535		93,311.85
A-R		100.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00

Totals		831,770,493.00		387,312,803.19		1,298.79		24,521,462.98		0.00		0.00		24,522,761.78		362,790,041.42		0.43616604		24,522,761.78

Principal Distribution Factors Statement



			Beginning		Scheduled		Unscheduled										Ending
	Original Face		Certificate		Principal		Principal				Realized		Total Principal		Ending Certificate		Certificate		Total Principal
Class	Amount		Balance		Distribution		Distribution		Accretion		Loss		Reduction		Balance		Percentage		Distribution

A-1		380,510,000.00		485.27086321		0.00233447		33.66301572		0.00000000		0.00000000		33.66535021		451.60551300		0.45160551		33.66535021
A-2		208,392,000.00		460.02348670		0.00171988		33.38479212		0.00000000		0.00000000		33.38651205		426.63697469		0.42663697		33.38651205
A-3		218,330,615.00		376.76527678		0.00000000		17.98429698		0.00000000		0.00000000		17.98429698		358.78097980		0.35878098		17.98429698
X-A1		0.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
X-A2		0.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
X-B		0.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
B-1		8,588,000.00		1000.00000000		0.00212273		33.77252212		0.00000000		0.00000000		33.77464485		966.22535515		0.96625536		33.77464485
B-2		6,134,000.00		1000.00000000		0.00212260		33.77252201		0.00000000		0.00000000		33.77464460		966.22535540		0.96622536		33.77464460
B-3		3,680,000.00		1000.00000000		0.00212228		33.77252174		0.00000000		0.00000000		33.77464402		966.22535598		0.96622536		33.77464402
B-4		2,453,000.00		1000.00000000		0.00212393		33.77252344		0.00000000		0.00000000		33.77464329		966.22535671		0.96622536		33.77464329
B-5		920,000.00		1000.00000000		0.00211957		33.77252174		0.00000000		0.00000000		33.77464130		966.22535870		0.96622536		33.77464130
B-6		2,762,778.00		1000.00000000		0.00212467		33.77252172		0.00000000		0.00000000		33.77464639		966.22535361		0.96622535		33.77464639
A-R		100.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000

insinuate

Interest Distribution- Statement



										Payment
										of				Non-				Remaining		Ending
			Current			Beginning		Current		Unpaid		Current		Supported				Unpaid		Certificate/
		Accrual	Certificate			Certificate/		Accrued		Interest		Interest		Interest		Total Interest		Interest		Notational
Class	Accural Dates	Days	Rate			Notional Balance		Interest		Shortfall		Shortfall		Shortfall(1)		Distribution		Shortfall(2)		Balance

A-1	04/20/06 – 05/19/06	30		5.19250	%		184,650,416.16		798,997.74		0.00		0.00		0.00		798,977.74		0.00		171,840,413.75
A-2	04/20/06 – 05/19/06	30		4.95688	%		95,865,214.44		395,993.64		0.00		0.00		0.00		395,993.64		0.00		88,907,732.43
A-3	04/20/06 – 05/19/06	30		4.98688	%		82,259,394.59		341,848.11		0.00		0.00		0.00		341,848.11		0.00		78,332,871.97
X-A1	04/01/06 – 04/30/06	30		0.65626	%		280,515,630.60		153,409.94		0.00		0.00		0.00		153,409.94		0.00		260,748,146.18
X-A2	04/01/06 – 04/30/06	30		0.94412	%		82,259,394.59		64,719.07		0.00		0.00		0.00		64,719.07		0.00		78,332,871.97
X-B	04/01/06 – 04/30/06	30		0.16078	%		18,402,000.00		2,465.63		0.00		0.00		0.00		1,194.15		0.00		17,780,478.98
B-1	04/20/06 – 05/19/06	30		5.42250	%		8,588,000.00		38,807.03		0.00		0.00		0.00		38,807.03		0.00		8,297,943.35
B-2	04/20/06 – 05/19/06	30		5.77250	%		6,134,000.00		29,507.10		28.00		28.00		0.00		29,507.10		0.00		5,926,826.33
B-3	04/20/06 – 05/19/06	30		6.17250	%		3,680,000.00		18,929.00		1,243.47		1,243.47		0.00		18,929.00		0.00		3,555,709.31
B-4	04/01/06 – 04/30/06	30		5.76702	%		2,453,000.00		11,788.75		0.00		0.00		0.00		11,788.75		0.00		2,370,150.80
B-5	04/01/06 – 04/30/06	30		5.76702	%		920,000.00		4,421.38		0.00		0.00		0.00		4,421.38		0.00		888,927.33
B-6	04/01/06 – 04/30/06	30		5.76702	%		2,762,778.00		13,277.50		0.00		0.00		0.00		13,277.50		0.00		2,669,466.15
A-R	N/A	N/A		4.66404	%		0.00		0.00		0.00		0.00		0.00		0.17		0.00		0.00

Totals									1,874,164.89		1,271.47		1,271.47		0.00		1,872,893.58		0.00


(1, 2) Amount also includes coupon cap or basis risk shortfalls, if applicable.

Interest Distribution Factors Statement



						Beginning				Payment of								Remaining		Ending
			Current			Certificate/				Unpaid				Non-Supported				Unpaid		Certificate/
	Original Face		Certificate			Notional		Current		Interest		Current Interest		Interest		Total Interest		Interest		Notational
Class	Amount		Rate			Balance		Accrued Interest		Shortfall		Shortfall(1)		Shortfall		Distribution		Shortfall(2)		Balance

A-1		380,510,000.00		5.19250	%		485.27086321		2.09980747		0.00000000		0.00000000		0.00000000		2.09980747		0.00000000		451.60551300
A-2		208,392,000.00		4.95688	%		460.02348670		1.90023437		0.00000000		0.00000000		0.00000000		1.90023437		0.00000000		426.63697469
A-3		218,330,615.00		4.98688	%		376.76527678		1.56573603		0.00000000		0.00000000		0.00000000		1.56573603		0.00000000		358.78097980
X-A1		0.00		0.65626	%		476.33669201		0.26050165		0.00000000		0.00000000		0.00000000		0.26050165		0.00000000		442.77001297
X-A2		0.00		0.94412	%		376.76527678		0.29642691		0.00000000		0.00000000		0.00000000		0.29642691		0.00000000		358.78097980
X-B		0.00		0.16078	%		1000.00000000		0.13398707		0.00000000		0.00000000		0.00000000		0.06489240		0.00000000		966.22535485
B-1		8,588,000.00		5.42250	%		1000.00000000		4.51875058		0.00000000		0.00000000		0.00000000		4.51875058		0.00000000		966.22535515
B-2		6,134,000.00		5.77250	%		1000.00000000		4.81041735		0.00456472		0.00456472		0.00000000		4.81041735		0.00000000		966.22535540
B-3		3,680,000.00		6.17250	%		1000.00000000		5.14375000		0.33789946		0.33789946		0.00000000		5.14375000		0.00000000		966.22535598
B-4		2,453,000.00		5.76702	%		1000.00000000		4.80584998		0.00000000		0.00000000		0.00000000		4.80584998		0.00000000		966.22535671
B-5		920,000.00		5.76702	%		1000.00000000		4.80584783		0.00000000		0.00000000		0.00000000		4.80584783		0.00000000		966.22535870
B-6		2,762,778.00		5.76702	%		1000.00000000		4.80585121		0.00000000		0.00000000		0.00000000		4.80585121		0.00000000		966.22535361
A-R		100.00		4.66404	%		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1.70000000		0.00000000		0.00000000

(1, 2) Amount also includes coupon cap or basis risk shortfalls, if applicable.

Per $1 denomination

Certificateholder Account Statement

Certificate Account


Beginning Balance			0.00

Deposits
Payments of Interest and Principal			26,483,596.09
Reserve Funds and Credit Enhancements			0.00
Proceeds from Repurchased Loans			0.00
Servicer Advances			57,317.33
Gains & Subsequent Recoveries (Realized Loss)			0.00
Prepayment Penalties			0.00

Total Deposits			26,540,913.42

Withdrawals
Reserve Funds and Credit Enhancements			0.00
Reimbursement for Servicer Advances			47,355.31
Total Administration Fees			97,902.75
Payment of Interest and Principal			26,395,655.36

Total Withdrawals (Pool Distribution Amount)			26,540,913.42

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

Administration Fees


Gross Servicing Fee*			95,360.63
Master Servicing Fee			2,542.12
Supported Prepayment/Curtailment Interest Shortfall			0.00


Total Administration Fees			97,902.75

*Servicer Payees include: BANK OF AMERICA (NY); GMAC MTG CORP; MORGAN STANLEY DEAN WITTER; PHH US MTG CORP

Reserve Accounts


	Beginning		Current		Current		Ending
Account Type	Balance		Withdrawals		Deposits		Balance

Class X-A1 Pool 1 Comp. Sub Amount		3,000.00		0.00		0.00		3,000.00
Class X-A1 Pool 2 Comp. Sub Amount		3,000.00		0.00		0.00		3,000.00
Class X-A2 Sub Amount		3,000.00		0.00		0.00		3,000.00
Class X-B Sub Amount		1,000.00		1,271.47		1,271.47		1,000.00

Collateral Statement


Collateral Description	Mixed ARM

Weighted Average Gross Coupon		6.153266	%
Weighted Average Net Coupon		5.778143	%
Weighted Average Pass-Through Rate		4.972224	%
Weighted Average Remaining Term		323

Beginning Scheduled Collateral Loan Count		979
Number of Loans Paid in Full		53
Ending Scheduled Collateral Loan Count		926

Beginning Scheduled Collateral Balance		305,053,409.51
Ending Scheduled Collateral Balance		284,457,170.34
Ending Actual Collateral Balance at 28-Apr-2006		284,457,439.74

Monthly P&I Constant		1,565,527.89
Special Servicing Fee		0.00
Prepayment Penalty Paid Amount		0.00
Prepayment Penalty Paid Count		0
Realized Loss Amount		0.00
Cumulative Realized Loss		0.00

Scheduled Principal		1,298.80
Unscheduled Principal		20,594,940.37


Group	Group One		Group Two		Total

Collateral Description	Mixed ARM		6 Month LIBOR ARM		Mixed ARM
Weighted Average Coupon Rate		6.187654		6.087318		6.153266
Weighted Average Net Rate		5.812614		5.712034		5.778143
Weighted Average Remaining Term		322		325		323
Record Date		04/28/2006		04/28/2006		04/28/2006
Principal and Interest Constant		1,034,805.16		530,722.73		1,565,527.89
Beginning Loan Count		615		364		979
Loans Paid in Full		34		19		53
Ending Loan Count		581		345		926
Beginning Scheduled Balance		200,505,135.01		104,548,274.50		305,053,409.51
Ending Scheduled Balance		187,167,815.82		97,289,354.52		284,457,170.34
Scheduled Principal		924.86		373.94		1,298.80
Unscheduled Principal		13,336,394.33		7,258,546.04		20,594,940.37
Scheduled Interest		1,033,880.30		530,348.79		1,564,229.09
Servicing Fee		62,664.56		32,696.07		95,360.63
Master Servicing Fee		1,670.88		871.24		2,542.12
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		969,544.86		496,781.48		1,466,326.34
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 Penalty Paid Amount		0.00		0.00		0.00
Prepayment Penalty Paid Count		0		0		0
Special Servicing Fee		0.00		0.00		0.00

Additional Reporting – Deal Level

Miscellaneous Reporting


Rapid Prepay Event?	NO
Underlying Certificate Balance		177,633,287.78
Underlying Certificate Interest		406,567.18
Underlying Certificate Principal		3,926,522.60

Additional Reporting – Group Level

Miscellaneous Reporting


Group One
One Month Libor Loan Balance	103,232,472.16
Six Month Libor Loan Balance	83,935,343.66
Principal Transfer Amount	0.00
Interest Transfer Amount	0.00
Pro Rata Senior Percent	92.092612	%
Senior Percent	96.046306	%
Senior Prepayment Percent	96.046306	%
Subordinate Percent	3.953694	%
Subordinate Prepayment Percent	3.953694	%

Group Two
Principal Transfer Amount	0.00
Interest Transfer Amount	0.00
Pro Rata Senior Percent	91.694688	%
Senior Percent	95.847344	%
Senior Prepayment Percent	95.847344	%
Subordinate Percent	4.152656	%
Subordinate Prepayment Percent	4.152656	%

Loan Status Stratification/Credit Enhancement Statement



DELINQUENT				BANKRUPTCY				FORECLOSURE				REO				TOTAL

	No. of	Principal			No. of	Principal			No. of	Principal			No. of	Principal			No. of	Principal
	Loans	Balance			Loans	Balance			Loans	Balance			Loans	Balance			Loans	Balance
0-29 Days	0	0.00		0-29 Days	0	0.00		0-29 Days	0	0.00		0-29 Days	0	0.00		0-29 Days	0	0.00
30 Days	26	8,675,332.71		30 Days	0	0.00		30 Days	0	0.00		30 Days	0	0.00		30 Days	26	8,675,332.71
60 Days	3	2,381,971.99		60 Days	0	0.00		60 Days	0	0.00		60 Days	0	0.00		60 Days	3	2,381,971.99
90 Days	1	462,999.99		90 Days	0	0.00		90 Days	0	0.00		90 Days	0	0.00		90 Days	1	462,999.99
120 Days	0	0.00		120 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		150 Days	0	0.00		150 Days	0	0.00
180+ Days	1	185,466.73		180+ Days	0	0.00		180+ Days	0	0.00		180+ Days	0	0.00		180+ Days	1	185,466.73

	31	11,705,771.42			0	0.00			0	0.00			0	0.00			31	11,705,771.42

	No. of	Principal			No. of	Principal			No. of	Principal			No. of	Principal			No. of	Principal
	Loans	Balance			Loans	Balance			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	%	0-29 Days	0.000000%	0.000000	%	0-29 Days	0.000000%	0.000000	%
30 Days	2.807775%	3.049782	%	30 Days	0.000000%	0.000000	%	30 Days	0.000000%	0.000000	%	30 Days	0.000000%	0.000000	%	30 Days	2.807775%	3.049782	%
60 Days	0.323974%	0.837374	%	60 Days	0.000000%	0.000000	%	60 Days	0.000000%	0.000000	%	60 Days	0.000000%	0.000000	%	60 Days	0.323974%	0.837374	%
90 Days	0.107991%	0.162766	%	90 Days	0.000000%	0.000000	%	90 Days	0.000000%	0.000000	%	90 Days	0.000000%	0.000000	%	90 Days	0.107991%	0.162766	%
120 Days	0.000000%	0.000000	%	120 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	%	150 Days	0.000000%	0.000000	%	150 Days	0.000000%	0.000000	%
180+ Days	0.107991%	0.065200	%	180+ Days	0.000000%	0.000000	%	180+ Days	0.000000%	0.000000	%	180+ Days	0.000000%	0.000000	%	180+ Days	0.107991%	0.065200	%

	3.347732%	4.115122	%		0.000000%	0.000000	%		0.000000%	0.000000	%		0.000000%	0.000000	%		3.347732%	4.115122	%


Current Period Class A Insufficient Funds:			0.00			Principal Balance of Contaminated Properties			0.00			Periodic Advance			57,317.33

Delinquency Status by Group



DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
*Group One*
	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance
0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00
30 Days	16		5,938,332.03		30 Days	0		0.00		30 Days	0		0.00		30 Days	0		0.00		30 Days	16		5,938,332.03
60 Days	2		2,173,972.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	2		2,173,972.00
90 Days	1		462,999.99		90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00		90 Days	1		462,999.99
120 Days	0		0.00		120 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		150 Days	0		0.00		150 Days	0		0.00
180+ Days	1		185,466.73		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days	1		185,466.73

	20		8,760,770.75			0		0.00			0		0.00			0		0.00			20		8,760,770.75

	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal
	Loans	Balance				Loans	Balance				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	%	0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%
30 Days	2.753873%		3.172727	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	2.753873%		3.172727	%
60 Days	0.344234%		1.161508	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.344234%		1.161508	%
90 Days	0.172117%		0.247371	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.172117%		0.247371	%
120 Days	0.000000%		0.000000	%	120 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	%	150 Days	0.000000%		0.000000	%	150 Days	0.000000%		0.000000	%
180+ Days	0.172117%		0.099091	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.172117%		0.099091	%

	3.442341%		4.680697	%		0.000000%		0.000000	%		0.000000%		0.000000	%		0.000000%		0.000000	%		3.442341%		4.680697	%



DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
*Group Two*						1.183654%
	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance
0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00
30 Days	10		2,737,000.68		30 Days	0		0.00		30 Days	0		0.00		30 Days	0		0.00		30 Days	10		2,737,000.68
60 Days	1		207,999.99		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	1		207,999.99
90 Days	0		0.00		90 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		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		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		180+ Days	0		0.00		180+ Days	0		0.00

	11		2,945,000.67			0		0.00			0		0.00			0		0.00			11		2,945,000.67

	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal
	Loans	Balance				Loans	Balance				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	%	0-29 Days	0.000000%		0.000000	%	0-29 Days	0.000000%		0.000000	%
30 Days	2.898551%		2.813258	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	2.898551%		2.813258	%
60 Days	0.289855%		0.213795	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.289855%		0.213795	%
90 Days	0.000000%		0.000000	%	90 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	%	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	%	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	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%

	3.188406%		3.027053	%		0.000000%		0.000000	%		0.000000%		0.000000	%		0.000000%		0.000000	%		3.188406%		3.027053	%