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 2004-12 Record Date: March 31, 2006 Distribution Date: April 20, 2006

EX-10.1 2 f20437eexv10w1.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: March 31, 2006
Distribution Date: April 20, 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		5.04625	%		195,421,041.38		821,786.19		10,770,625.22		0.00		184,650,416.16		11,592,411.41		0.00
A-2	81744FFZ5	SEN		4.95688	%		104,059,086.60		429,840.34		8,193,872.16		0.00		95,865,214.44		8,623,712.50		0.00
A-3	81744FGA9	SEN		4.98688	%		89,305,090.71		370,973.64		7,045,696.13		0.00		82,259,394.59		7,416,669.77		0.00
X-A1	81744FGB7	IO		0.66804	%		0.00		166,720.33		0.00		0.00		0.00		166,720.33		0.00
X-A2	81744FGC5	IO		0.94291	%		0.00		70,143.22		0.00		0.00		0.00		70,143.22		0.00
X-B	81744FGD3	IO		0.20836	%		0.00		2,141.12		0.00		0.00		0.00		2,141.12		0.00
B-1	81744FGF8	SUB		5.27625	%		8,588,000.00		37,760.36		0.00		0.00		8,588,000.00		37,760.36		0.00
B-2	81744FGG6	SUB		5.62625	%		6,134,000.00		28,759.51		0.00		0.00		6,134,000.00		28,759.51		0.00
B-3	81744FGH4	SUB		6.02625	%		3,680,000.00		18,480.50		0.00		0.00		3,680,000.00		18,480.50		0.00
B-4	81744FGJ0	SUB		5.68252	%		2,453,000.00		11,616.03		0.00		0.00		2,453,000.00		11,616.03		0.00
B-5	81744FGK7	SUB		5.68252	%		920,000.00		4,356.60		0.00		0.00		920,000.00		4,356.60		0.00
B-6	81744FGL5	SUB		5.68252	%		2,762,778.00		13,082.96		0.00		0.00		2,762,778.00		13,082.96		0.00
A-R	81744FGE1	RES		5.13316	%		0.00		0.12		0.00		0.00		0.00		0.12		0.00

Totals							413,322,996.69		1,975,660.92		26,010,193.51		0.00		387,312,803.19		27,985,854.43		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		195,421,041.38		1,329.92		10,769,295.30		0.00		0.00		10,770,625.22		184,650,416.16		0.48527086		10,770,625,22
A-2		208,392,000.00		104,059,086.60		380.27		8,193,491.89		0.00		0.00		8,193,872.16		95,865,214.44		0.46002349		8,193,872.16
A-3		218,330,615.00		89,305,090.71		0.00		7,045,696.13		0.00		0.00		7,045,696.13		82,259,394.59		0.37676528		7,045,696.13
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		0.00		0.00		0.00		0.00		0.00		8,588,000.00		1.00000000		0.00
B-2		6,134,000.00		6,134,000.00		0.00		0.00		0.00		0.00		0.00		6,134,000.00		1.00000000		0.00
B-3		3,680,000.00		3,680,000.00		0.00		0.00		0.00		0.00		0.00		3,680,000.00		1.00000000		0.00
B-4		2,453,000.00		2,453,000.00		0.00		0.00		0.00		0.00		0.00		2,453,000.00		1.00000000		0.00
B-5		920,000.00		920,000.00		0.00		0.00		0.00		0.00		0.00		920,000.00		1.00000000		0.00
B-6		2,762,778.00		2,762,778.00		0.00		0.00		0.00		0.00		0.00		2,762,778.00		1.00000000		0.00
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		413,322,996.69		1,710.19		26,008,483.32		0.00		0.00		26,010,193.51		387,312,803.19		0.46564865		26,010,193.51

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		513.57662448		0.00349510		28.30226617		0.00000000		0.00000000		28.30576127		485.27086321		0.48527086		28.30576127
A-2		208,392,000.00		499.34300069		0.00182478		39.31768921		0.00000000		0.00000000		39.31951399		460.02348670		0.46002349		39.31951399
A-3		218,330,615.00		409.03604247		0.00000000		32.27076574		0.00000000		0.00000000		32.27076574		376.76527678		0.37676528		32.27076574
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		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-2		6,134,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-3		3,680,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-4		2,453,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-5		920,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-6		2,762,778.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
A-R		100.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000

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	03/20/06 – 04/19/06	30		5.04625	%		195,421,041.38		821,786.19		0.00		0.00		0.00		821,786.19		0.00		184,650,416.16
A-2	03/20/06 – 04/19/06	30		4.95688	%		104,059,086.60		429,840.34		0.00		0.00		0.00		429,840.34		0.00		95,865,214.44
A-3	03/20/06 – 04/19/06	30		4.98688	%		89,305,090.71		371,128.14		0.00		0.00		154.50		370,973.64		0.00		82,259,394.59
X-A1	03/01/06 – 03/30/06	30		0.66804	%		299,480,127.98		166,720.33		0.00		0.00		0.00		166,720.33		0.00		280,515,630.60
X-A2	03/01/06 – 03/30/06	30		0.94291	%		89,305,090.71		70,172.43		0.00		0.00		29.21		70,143.22		0.00		82,259,394.59
X-B	03/01/06 – 03/30/06	30		0.20836	%		18,402,000.00		3,195.22		0.00		0.00		0.00		2,141.12		0.00		18,402,000.00
B-1	02/20/06 – 03/19/06	30		5.27625	%		8,588,000.00		37,760.36		0.00		0.00		0.00		37,760.36		0.00		8,588,000.00
B-2	03/20/06 – 04/19/06	30		5.62625	%		6,134,000.00		28,759.51		0.00		0.00		0.00		28,759.51		0.00		6,134,000.00
B-3	03/20/06 – 04/19/06	30		6.02625	%		3,680,000.00		18,480.50		1,054.09		1,054.09		0.00		18,480.50		0.00		3,680,000.00
B-4	03/01/06 – 03/30/06	30		5.68252	%		2,453,000.00		11,616.03		0.00		0.00		0.00		11,616.03		0.00		2,453,000.00
B-5	03/01/06 – 03/30/06	30		5.68252	%		920,000.00		4,356.60		0.00		0.00		0.00		4,356.60		0.00		920,000.00
B-6	03/01/06 – 03/30/06	30		5.68252	%		2,762,778.00		13,082.96		0.00		0.00		0.00		13,082.96		0.00		2,762,778.00
A-R	N/A	N/A		5.13316	%		0.00		0.00		0.00		0.00		0.00		0.12		0.00		0.00

Totals									1,976,898.61		1,054.09		1,054.09		183.71		1,975,660.92		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		5.04625	%		513.57662448		2.15969670		0.00000000		0.00000000		0.00000000		2.15969670		0.00000000		485.27086321
A-2		208,392,000.00		4.95688	%		499.34300069		2.06265279		0.00000000		0.00000000		0.00000000		2.06265279		0.00000000		460.02348670
A-3		218,330,615.00		4.98688	%		409.03604247		1.69984471		0.00000000		0.00000000		0.00070764		1.69913706		0.00000000		376.76527678
X-A1		0.00		0.66804	%		508.53983851		0.28310369		0.00000000		0.00000000		0.00000000		0.28310369		0.00000000		476.33669201
X-A2		0.00		0.94291	%		409.03604247		0.32140444		0.00000000		0.00000000		0.00013379		0.32127066		0.00000000		376.76527678
X-B		0.00		0.20836	%		1000.00000000		0.17363439		0.00000000		0.00000000		0.00000000		0.11635257		0.00000000		1000.00000000
B-1		8,588,000.00		5.27625	%		1000.00000000		4.39687471		0.00000000		0.00000000		0.00000000		4.39687471		0.00000000		1000.00000000
B-2		6,134,000.00		5.62625	%		1000.00000000		4.68854092		0.00000000		0.00000000		0.00000000		4.68854092		0.00000000		1000.00000000
B-3		3,680,000.00		6.02625	%		1000.00000000		5.02187500		0.28643750		0.28643750		0.00000000		5.02187500		0.00000000		1000.00000000
B-4		2,453,000.00		5.68252	%		1000.00000000		4.73543824		0.00000000		0.00000000		0.00000000		4.73543824		0.00000000		1000.00000000
B-5		920,000.00		5.68252	%		1000.00000000		4.73543478		0.00000000		0.00000000		0.00000000		4.73543478		0.00000000		1000.00000000
B-6		2,762,778.00		5.68252	%		1000.00000000		4.73543658		0.00000000		0.00000000		0.00000000		4.73543658		0.00000000		1000.00000000
A-R		100.00		5.13316	%		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1.20000000		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			28,087,835.50
Reserve Funds and Credit Enhancements			0.00
Proceeds from Repurchased Loans			0.00
Servicer Advances			47,355.31
Realized Loss (Gains, Subsequent Expenses & Recoveries)			0.00
Prepayment Penalties			0.00
Swap/Cap Payments			0.00

Total Deposits			28,135,190.81

Withdrawals
Reserve Funds and Credit Enhancements			0.00
Reimbursement for Servicer Advances			45,348.81
Total Administration Fees			103,987.57
Payment of Interest and Principal			27,985,854.43

Total Withdrawals (Pool Distribution Amount)			28,135,190.81

Ending Balance			0.00

Prepayment/Curtailment Interest Shortfall


Total Prepayment/Curtailment Interest Shortfall			183.71
Servicing Fee Support			0.00


Non-Supported Prepayment Curtailment Interest Shortfall			183.71

Administration Fees


Gross Servicing Fee*			101,287.42
Master Servicing Fee			2,700.15
Supported Prepayment/Curtailment Interest Shortfall			0.00


Total Administration Fees			103,987.57


*		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		1,054.09		1,054.09		1,000.00

Collateral Statement


Collateral Description	Fixed & Mixed Arm
Weighted Average Gross Coupon		6.068300	%
Weighted Average Net Coupon		5.693182	%
Weighted Average Pass-Through Rate		4.912471	%
Weighted Average Remaining Term		324

Beginning Scheduled Collateral Loan Count		1,034
Number of Loans Paid in Full		55
Ending Scheduled Collateral Loan Count		979

Beginning Scheduled Collateral Balance		324,017,906.89
Ending Scheduled Collateral Balance		305,053,409.51
Ending Actual Collateral Balance at 31-Mar-2006		305,053,736.93

Monthly P&I Constant		1,640,241.79
Special Servicing Fee		0.00
Prepayment Penalty Waived Amount		0.00
Prepayment Penalty Waived Count		0
Prepayment Penalty Paid Amount		0.00
Prepayment Penalty Paid Count		0
Realized Loss Amount		0.00
Cumulative Realized Loss		0.00

Scheduled Principal		1,710.19
Unscheduled Principal		18,962,787.19


Group	Group One		Group Two		Total
Collateral Description	Mixed ARM		6 Month LIBOR ARM		Mixed ARM
Weighted Average Coupon Rate		6.106947		5.995878		6.068300
Weighted Average Net Rate		5.731909		5.620610		5.693182
Weighted Average Remaining Term		323		327		324
Record Date		03/31/2006		03/31/2006		03/31/2006
Principal and Interest Constant		1,076,538.08		563,703.71		1,640,241.79
Beginning Loan Count		648		386		1,034
Loans Paid in Full		33		22		55
Ending Loan Count		615		364		979
Beginning Scheduled Balance		211,275,760.23		112,742,146.66		324,017,906.89
Ending Scheduled Balance		200,505,135.01		104,548,274.50		305,053,409.51
Scheduled Principal		1,329.92		380.27		1,710.19
Unscheduled Principal		10,769,295.30		8,193,491.89		18,962,787.19
Scheduled Interest		1,075,208.16		563,323.44		1,638,531.60
Servicing Fee		66,030.38		35,257.04		101,287.42
Master Servicing Fee		1,760.63		939.52		2,700.15
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		1,007,417.15		527,126.88		1,534,544.03
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 Waived Amount		0.00		0.00		0.00
Prepayment Penalty Waived Count		0		0		0
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		82,259,394.61
Underlying Certificate Interest		441,116.86
Underlying Certificate Principal		7,045,696.10

Additional Reporting – Group Level

Miscellaneous Reporting


Group One
One Month Libor Loan Balance	111,068,877.50
Six Month Libor Loan Balance	89,436,257.51
Principal Transfer Amount	0.00
Interest Transfer Amount	0.00
Pro Rata Senior Percent	92.495723	%
Senior Percent	100.000000	%
Senior Prepayment Percent	100.000000	%
Subordinate Percent	0.000000	%
Subordinate Prepayment Percent	0.000000	%

Group Two
Principal Transfer Amount	0.00
Interest Transfer Amount	0.00
Pro Rata Senior Percent	92.298302	%
Senior Percent	100.000000	%
Senior Prepayment Percent	100.000000	%
Subordinate Percent	0.000000	%
Subordinate Prepayment Percent	0.000000	%

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	21		8,439,315.47		30 Days	0		0.00		30 Days	0		0.00		30 Days	0		0.00		30 Days	21		8,439,315.47
60 Days	4		1,067,712.53		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	4		1,067,712.53
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	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

	26		9,692,494.73			0		0.00			0		0.00			0		0.00			26		9,692,494.73

	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	2.145046%		2.766501	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	2.145046%		2.766501	%
60 Days	0.408580%		0.350008	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.408580%		0.350008	%
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	0.102145%		0.060798	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.102145%		0.060798	%

	2.655771%		3.177307	%		0.000000%		0.000000	%		0.000000%		0.000000	%		0.000000%		0.000000	%		2.655771%		3.177307	%


Current Period Class A Insufficient Funds:			0.00			Principal Balance of Contaminated Properties			0.00			Periodic Advance			47,355.31

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	11		5,905,447.62		30 Days	0		0.00		30 Days	0		0.00		30 Days	0		0.00		30 Days	11		5,905,447.62
60 Days	3		877,804.99		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	3		877,804.99
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	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

	15		6,968,719.34			0		0.00			0		0.00			0		0.00			15		6,968,719.34

	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	1.788618%		2.945286	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	1.788618%		2.945286	%
60 Days	0.487805%		0.437797	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.487805%		0.437797	%
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	0.162602%		0.092500	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.162602%		0.092500	%

	2.439024%		3.475582	%		0.000000%		0.000000	%		0.000000%		0.000000	%		0.000000%		0.000000	%		2.439024%		3.475582	%



DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
*Group Two*						1.183654%
	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal Balance
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance				Loans

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		2,533,867.85		30 Days	0		0.00		30 Days	0		0.00		30 Days	0		0.00		30 Days	10		2,533,867.85
60 Days	1		189,907.54		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	1		189,907.54
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		2,723,775.39			0		0.00			0		0.00			0		0.00			11		2,723,775.39

	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	2.747253%		2.423626	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	2.747253%		2.423626	%
60 Days	0.274725%		0.181645	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.274725%		0.181645	%
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	%

	3.021978%		2.605271	%		0.000000%		0.000000	%		0.000000%		0.000000	%		0.000000%		0.000000	%		3.021978%		2.605271	%