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: February 28, 2006 Distribution Date: March 20, 2006

EX-10.1 2 f19541eexv10w1.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: February 28, 2006
Distribution Date: March 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		4.84000	%		206,628,956.76		829,370.13		10,207,915.38		0.00		195,421,041.38		11,037,285.51		0.00
A-2		81744FFZ5	SEN		4.95688	%		109,228,134.49		451,192.30		5,169,047.89		0.00		104,059,086.60		5,620,240.19		0.00
A-3		81744FGA9	SEN		4.98688	%		96,045,347.96		398,760.32		6,740,257.25		0.00		89,305,090.71		7,139,017.57		0.00
X-A1		81744FGB7	IO		0.69582	%		0.00		182,570.73		0.00		0.00		0.00		182,570.73		0.00
X-A2		81744FGC5	IO		0.93427	%		0.00		74,705.81		0.00		0.00		0.00		74,705.81		0.00
X-B		81744FGD3	IO		0.28846	%		0.00		3,676.55		0.00		0.00		0.00		3,676.55		0.00
B-1		81744FGF8	SUB		5.07000	%		8,588,000.00		36,284.30		0.00		0.00		8,588,000.00		36,284.30		0.00
B-2		81744FGG6	SUB		5.42000	%		6,134,000.00		27,705.23		0.00		0.00		6,134,000.00		27,705.23		0.00
B-3		81744FGH4	SUB		5.82000	%		3,680,000.00		17,848.00		0.00		0.00		3,680,000.00		17,848.00		0.00
B-4		81744FGJ0	SUB		5.57640	%		2,453,000.00		11,399.09		0.00		0.00		2,453,000.00		11,399.09		0.00
B-5		81744FGK7	SUB		5.57640	%		920,000.00		4,275.24		0.00		0.00		920,000.00		4,275.24		0.00
B-6		81744FGL5	SUB		5.57640	%		2,762,778.00		12,838.63		0.00		0.00		2,762,778.00		12,838.63		0.00
A-R		81744FGE1	RES		5.01865	%		0.00		0.14		0.00		0.00		0.00		0.14		0.00

Totals								435,440,217.21		2,050,626.47		22,117,220.52		0.00		413,322,996.69		24,167,846.99		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		205,628,956.76		1,369.78		10,206,545.60		0.00		0.00		10,207,915.38		195,421,041.38		0.51357662		10,207,915.38
A-2		208,392,000.00		109,228,134.49		369.77		5,168,678.12		0.00		0.00		5,169,047.89		104,059,086.60		0.49934300		5,169,047.89
A-3		218,330,615.00		96,045,347.96		0.00		6,740,257.25		0.00		0.00		6,740,257.25		89,305,090.71		0.40903604		6,740,257.25
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		435,440,217.21		1,739.55		22,115,480.97		0.00		0.00		22,117,220.52		413,322,996.69		0.49691952		22,117,220.52

Principal Distribution Factors Statement


			Beginning		Scheduled		Unscheduled								Ending		Ending		Total
	Original Face		Certificate		Principal		Principal				Realized		Total Principal		Certificate		Certificate		Principal
Class	Amount		Balance		Distribution		Distribution		Accretion		Loss		Reduction		Balance		Percentage		Distribution
A-1		380,510,000.00		540.40355512		0.00359985		26.82333079		0.00000000		0.00000000		0.00000000		26.82693065		0.51357662		26.82693065
A-2		208,392,000.00		524.14744563		0.00177440		24.80267054		0.00000000		0.00000000		0.00000000		24.80444494		0.49934300		24.80444494
A-3		218,330,615.00		439.90783409		0.00000000		30.87179162		0.00000000		0.00000000		0.00000000		409.0360427		0.40903604		30.87179162
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								Remaining		Ending
					Current			Beginning		Current		Unpaid		Current		Non-Supported				Unpaid		Certificate/
					Certificate			Certificate/		Accrued		Interest		Interest		Interest		Total Interest		Interest		Notational
Class	Accural Dates		Accrual Days		Rate			Notional Balance		Interest		Shortfall		Shortfall		Shortfall(1)		Distribution		Shortfall(2)		Balance
A-1		02/20/06 – 03/19/06		30		4.84000	%		205,628,956.76		829,370.13		0.00		0.00		0.00		829,370.13		0.00		195,421,041.38
A-2		02/20/06 – 03/19/06		30		4.95688	%		109,228,134.49		451,192.30		0.00		0.00		0.00		451,192.30		0.00		104,059,086.60
A-3		02/20/06 – 03/19/06		30		4.98688	%		96,045,347.96		399,138.85		0.00		0.00		378.54		398,760.32		0.00		89,305,090.71
X-A1		02/01/06 – 02/28/06		30		0.69582	%		314,857,091.25		182,570.73		0.00		0.00		0.00		182,570.73		0.00		299,480,127.98
X-A2		02/01/06 – 02/28/06		30		0.93427	%		96,045,347.96		74,776.72		0.00		0.00		70.92		74,705.81		0.00		89,305,090.71
X-B		02/01/06 – 02/28/06		30		0.28846	%		18,402,000.00		4,423.59		0.00		0.00		0.00		3,676.55		0.00		18,402,000.00
B-1		02/20/06 – 03/19/06		30		5.07000	%		8,588,000.00		36,284.30		0.00		0.00		0.00		36,284.30		0.00		8,588,000.00
B-2		02/20/06 – 03/19/06		30		5.42000	%		6,134,000.00		27,705.23		0.00		0.00		0.00		27,705.23		0.00		6,134,000.00
B-3		02/20/06 – 03/19/06		30		5.82000	%		3,680,000.00		17,848.00		747.04		747.04		0.00		17,848.00		0.00		3,680,000.00
B-4		02/01/06 – 02/28/06		30		5.57640	%		2,453,000.00		11,399.09		0.00		0.00		0.00		11,399.09		0.00		2,453,000.00
B-5		02/01/06 – 02/28/06		30		5.57640	%		920,000.00		4,275.24		0.00		0.00		0.00		4,275.24		0.00		920,000.00
B-6		02/01/06 – 02/28/06		30		5.57640	%		2,762,778.00		12,838.63		0.00		0.00		0.00		12,838.63		0.00		2,762,778.00
A-R		N/A		N/A		5.01865	%		0.00		0.00		0.00		0.00		0.00		0.14		0.00		0.00

Totals											2,051,822.81		747.04		747.04		449.46		2,050,626.47		0.00

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

Interest Distribution Factors Statement


																		Remaining		Ending
			Current			Beginning		Current		Payment of		Current		Non-Supported				Unpaid		Certificate/
	Original Face		Certificate			Certificate/		Accrued		Unpaid		Interest		Interest		Total Interest		Interest		Notational
Class	Amount		Rate			Notional Balance		Interest		Interest Shortfall		Shortfall(1)		Shortfall		Distribution		Shortfall(2)		Balance
A-1		380,510,000.00		4.84000	%		540.40355512		2.17962768		0.00000000		0.00000000		0.00000000		2.17962768		0.00000000		513.57662448
A-2		208,392,000.00		4.95688	%		524.14744563		2.16511334		0.00000000		0.00000000		0.00000000		2.16511334		0.00000000		499.34300069
A-3		218,330,615.00		4.98688	%		439.90783409		1.82813963		0.00000000		0.00000000		0.00173379		1.82640588		0.00000000		409.03604247
X-A1		0.00		0.69582	%		534.65108159		0.31001887		0.00000000		0.00000000		0.00000000		0.31001887		0.00000000		508.53983851
X-A2		0.00		0.93427	%		439.90784309		0.34249306		0.00000000		0.00000000		0.00032483		0.34216828		0.00000000		409.03604247
X-B		0.00		0.28846	%		1000.00000000		0.24038637		0.00000000		0.00000000		0.00000000		0.19979078		0.00000000		1000.00000000
B-1		8,588,000.00		5.07000	%		1000.00000000		4.22500000		0.00000000		0.00000000		0.00000000		4.22500000		0.00000000		1000.00000000
B-2		6,134,000.00		5.42000	%		1000.00000000		4.51666612		0.00000000		0.00000000		0.00000000		4.51666612		0.00000000		1000.00000000
B-3		3,680,000.00		5.82000	%		1000.00000000		4.85000000		0.20300000		0.20300000		0.00000000		4.85000000		0.00000000		1000.00000000
B-4		2,453,000.00		5.57640	%		1000.00000000		4.64699959		0.00000000		0.00000000		0.00000000		4.64699959		0.00000000		1000.00000000
B-5		920,000.00		5.57640	%		1000.00000000		4.64700000		0.00000000		0.00000000		0.00000000		4.64700000		0.00000000		1000.00000000
B-6		2,762,778.00		5.57640	%		1000.00000000		4.64700023		0.00000000		0.00000000		0.00000000		4.64700023		0.00000000		1000.00000000
A-R		100.00		5.01865	%		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1.40000000		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			24,280,063.74
Reserve Funds and Credit Enhancements			0.00
Proceeds from Repurchased Loans			0.00
Servicer Advances			45,348.81
Realized Loss (Gains, Subsequent Expenses & Recoveries)			0.00
Prepayment Penalties			0.00
Swap/Cap Payments			0.00

Total Deposits			24,325,412.55

Withdrawals
Reserve Funds and Credit Enhancements			0.00
Reimbursement for Servicer Advances			48,644.10
Total Administration Fees			108,921.46
Payment of Interest and Principal			24,167,846.99

Total Withdrawals (Pool Distribution Amount)			24,325,412.55

Ending Balance			0.00

Prepayment/Curtailment Interest Shortfall


Total Prepayment/Curtailment Interest Shortfall			449.46
Servicing Fee Support			0.00


Non-Supported Prepayment Curtailment Interest Shortfall			449.46

Administration Fees


Gross Servicing Fee*			106,093.17
Master Servicing Fee			2,828.29
Supported Prepayment/Curtailment Interest Shortfall			0.00


Total Administration Fees			108,921.46

*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		747.04		747.04		1,000.00

Collateral Statement


Collateral Description	Fixed & Mixed Arm
Weighted Average Gross Coupon		5.961487	%
Weighted Average Net Coupon		5.586373	%
Weighted Average Pass-Through Rate		4.777047	%
Weighted Average Remaining Term		326
Beginning Scheduled Collateral Loan Count		1,079
Number of Loans Paid in Full		45
Ending Scheduled Collateral Loan Count		1,034
Beginning Scheduled Collateral Balance		339,394,870.16
Ending Scheduled Collateral Balance		324,017,906.89
Ending Actual Collateral Balance at 28-Feb-2006		324,018,914.94
Monthly P&I Constant		1,687,821.27
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		1,739.55
Unscheduled Principal		15,375,223.72


Group	Group One		Group Two		Total
Collateral Description	Mixed ARM		6 Month LIBOR ARM		Mixed ARM
Weighted Average Coupon Rate		5.959980		5.964317		5.961487
Weighted Average Net Rate		5.584944		5.589056		5.586373
Weighted Average Remaining Term		324		328		326
Record Date		02/28/2006		02/28/2006		02/28/2006
Principal and Interest Constant		1,101,401.71		586,419.56		1,687,821.27
Beginning Loan Count		677		402		1,079
Loans Paid in Full		29		16		45
Ending Loan Count		648		386		1,034
Beginning Scheduled Balance		221,483,675.61		117,911,194.55		339,394,870.16
Ending Scheduled Balance		211,275,760.23		112,742,146.66		324,017,906.89
Scheduled Principal		1,369.78		369.77		1,739.55
Unscheduled Principal		10,206,545.60		5,168,678.12		15,375,223.72
Scheduled Interest		1,100,031.93		586,049.79		1,686,081.72
Servicing Fee		69,220.32		36,872.85		106,093.17
Master Servicing Fee		1,845.70		982.59		2,828.29
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		1,028,965.91		548,194.35		1,577,160.26
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		89,305,090.74
Underlying Certificate Interest		473,466.12
Underlying Certificate Principal		6,740,257.22

Additional Reporting – Group Level

Miscellaneous Reporting


Group One
One Month Libor Loan Balance	116,799,356.62
Six Month Libor Loan Balance	94,476,403.61
Principal Transfer Amount	0.00
Interest Transfer Amount	0.00
Pro Rata Senior Percent	92.841586	%
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	92.635932	%
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			8,445,809.66		30 Days		0			0.00		30 Days		0			0.00		30 Days		0			0.00		30 Days		21			8,445,809.66
60 Days		3			753,445.09		60 Days		0			0.00		60 Days		0			0.00		60 Days		0			0.00		60 Days		3			753,445.09
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		2			353,466.73		180+ Days		0			0.00		180+ Days		0			0.00		180+ Days		0			0.00		180+ Days		2			353,466.73

		26			9,552,721.48				0			0.00				0			0.00				0			0.00				26			9,552,721.48

	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		2.030948	%		2.606579	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		2.030948	%		2.606579	%
60 Days		2.290135	%		0.232531	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		2.290135	%		0.232531	%
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		0.193424	%		0.109088	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.193424	%		0.109088	%

		2.514507	%		2.948199	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			2.514507	%		2.948199	%


Current Period Class A Insufficient Funds:		0.00		Principal Balance of Contaminated Properties		0.00		Periodic Advance		45,348.81

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		14			6,192,396.63		30 Days		0			0.00		30 Days		0			0.00		30 Days		0			0.00		30 Days		14			6,192,396.63
60 Days		2			602,499.99		60 Days		0			0.00		60 Days		0			0.00		60 Days		0			0.00		60 Days		2			602,499.99
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		2			353,466.73		180+ Days		0			0.00		180+ Days		0			0.00		180+ Days		0			0.00		180+ Days		2			353,466.73

		18			7,148,363.35				0			0.00				0			0.00				0			0.00				18			7,148,363.35

	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		2.160494	%		2.930946	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		2.160494	%		2.930946	%
60 Days		0.308642	%		0.285171	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.308642	%		0.285171	%
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		0.308642	%		0.167301	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.308642	%		0.167301	%

		2.777778	%		3.383418	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			2.777778	%		3.383418	%


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		7			2,253,413.03		30 Days		0			0.00		30 Days		0			0.00		30 Days		0			0.00		30 Days		7			2,253,413.03
60 Days		1			150,945.10		60 Days		0			0.00		60 Days		0			0.00		60 Days		0			0.00		60 Days		1			150,945.10
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

		8			2,404,358.13				0			0.00				0			0.00				0			0.00				8			2,404,358.13

	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		1.813472	%		1.998725	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		1.813472	%		1.998725	%
60 Days		0.25906	%		0.133885	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.25906	%		0.133885	%
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	%

		2.072539	%		2.132610	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			2.072539	%		2.132610	%