Certificateholder Distribution Statement for SMT Series 2004-12 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2004-12 trust. It summarizes the principal and interest payments made to holders of various classes of certificates as of September 30, 2005, with distributions occurring on October 20, 2005. The statement details the amounts distributed, outstanding balances, and any realized losses, as calculated under the Pooling and Servicing Agreement. No realized losses are reported for this period, and all distributions were made according to the agreement's terms.

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EX-10.1 2 f14512aexv10w1.txt EXHIBIT 10.1 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: SEPTEMBER 30, 2005 DISTRIBUTION DATE: OCTOBER 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ A-1 81744FFY8 SEN 4.06625% 287,723,296.25 974,962.38 A-2 81744FFZ5 SEN 3.93000% 152,138,584.39 498,253.86 A-3 81744FGZ9 SEN 3.96000% 138,665,366.36 457,595.71 X-A1 81744FGC5 IO 0.87363% 0.00 320,231.95 X-A2 81744FGD3 IO 0.88679% 0.00 102,472.75 X-B 81744FGF8 IO 0.35862% 0.00 5,021.28 B-1 81744FGG6 SUB 4.29625% 8,588,000.00 30,746.83 B-2 81744FGH4 SUB 4.64625% 6,134,000.00 25,750.08 B-3 81744FGJ0 SUB 5.04625% 3,680,000.00 15,475.17 B-4 81744FGK7 SUB 4.89034% 2,453,000.00 9,996.67 B-5 81744FGK7 SUB 4.89034% 920,000.00 3,749.26 B-6 81744FGL5 SUB 4.89034% 2,762,778.00 11,259.10 A-R 81744FGE1 RES 4.57680% 0.00 0.24 -------------- ------------ Totals 603,065,025.00 2,453,515.28 ============== ============ Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Loss - ----- ------------- -------- -------------- ------------- ---------- A-1 17,182,622.37 0.00 270,540,673.88 18,157,584.75 0.00 A-2 9,562,504.15 0.00 142,576,080.24 10,060,758.01 0.00 A-3 9,590,988.28 0.00 129,074,378.08 10,048,583.99 0.00 X-A1 0.00 0.00 0.00 320,231.95 0.00 X-A2 0.00 0.00 0.00 102,472.75 0.00 X-B 0.00 0.00 0.00 5,021.28 0.00 B-1 0.00 0.00 8,588,000.00 30,746.83 0.00 B-2 0.00 0.00 6,134,000.00 23,750.08 0.00 B-3 0.00 0.00 3,680,000.00 15,475.17 0.00 B-4 0.00 0.00 2,453,000.00 9,996.67 0.00 B-5 0.00 0.00 920,000.00 3,749.26 0.00 B-6 0.00 0.00 2,762,778.00 11,259.10 0.00 A-R 0.00 0.00 0.00 0.24 0.00 ------------- ---- -------------- ------------- ---- Totals 36,336,114.80 0.00 566,728,910.20 38,789,630.08 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 Class Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ -------------- --------- A-1 380,510,000.00 287,723,296.25 1,731.09 17,180,891.28 0.00 A-2 208,392,000.00 152,138,584.39 400.07 9,562,104.08 0.00 A-3 218,330,615.00 138,665,366.36 0.00 9,590,988.28 0.00 X-A1 0.00 0.00 0.00 0.00 0.00 X-A2 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 B-1 8,588,000.00 8,588,000.00 0.00 0.00 0.00 B-2 6,134,000.00 6,134,000.00 0.00 0.00 0.00 B-3 3,680,000.00 3,680,000.00 0.00 0.00 0.00 B-4 2,453,000.00 2,453,000.00 0.00 0.00 0.00 B-5 920,000.00 920,000.00 0.00 0.00 0.00 B-6 2,762,778.00 2,762,778.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------- ---- Totals 831,770,493.00 603,065,025.00 2,131.16 36,333,983.64 0.00 ============== ============== ======== ============= ==== Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- ------------- -------------- ----------- --------------- A-1 0.00 17,182,622.37 270,540,673.88 0.71099491 17,182,622.37 A-2 0.00 9,562,504.15 142,576,080.24 0.68417252 9,562,504.15 A-3 0.00 9,590,988.28 129,074,378.08 0.59118772 9,590,988.28 X-A1 0.00 0.00 0.00 0.00000000 0.00 X-A2 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 8,588,000.00 1.00000000 0.00 B-2 0.00 0.00 6,134,000.00 1.00000000 0.00 B-3 0.00 0.00 3,680,000.00 1.00000000 0.00 B-4 0.00 0.00 2,453,000.00 1.00000000 0.00 B-5 0.00 0.00 920,000.00 1.00000000 0.00 B-6 0.00 0.00 2,762,778.00 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 ---- ------------- -------------- ---------- ------------- Totals 0.00 36,336,114.80 566,728,910.20 0.68135251 36,336,114.80 ==== ============= ============== ========== =============
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ -------------- ---------- A-1 380,510,000.00 756.15173386 0.00454939 45.15227269 0.00000000 A-2 208,392,000.00 730.05962028 0.00191980 45.88517832 0.00000000 A-3 218,330,615.00 635.11645566 0.00000000 43.92873752 0.00000000 X-A1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,588,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 6,134,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,680,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,453,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 920,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,762,778.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ------ ---------- ----------- ------------- ----------- --------------- A-1 0.00000000 45.15682208 710.99491178 0.71099491 45.15682208 A-2 0.00000000 45.88709811 684.17252217 0.68417252 45.88709811 A-3 0.00000000 43.92873752 591.18771813 0.59118772 43.92873752 X-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 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. INTEREST DISTRIBUTION- STATEMENT
Payment Beginning of Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ----- -------------- ----------- -------------- ------------ --------- --------- --------- -------- A-1 380,510,000.00 4.06625% 287,723,296.25 974,962.38 0.00 0.00 0.00 0.00 A-2 208,392,000.00 3.93000% 152,138,584.39 498,253.86 0.00 0.00 0.00 0.00 A-3 218,330,615.00 3.96000% 138,665,366.36 457,595.71 0.00 0.00 0.00 0.00 X-A1 0.00 0.87363% 439,861,880.64 320,231.95 0.00 0.00 0.00 0.00 X-A2 0.00 0.88679% 138,665,366.36 102,472.75 0.00 0.00 0.00 0.00 X-B 0.00 0.35862% 18,402,000.00 5,499.41 0.00 0.00 0.00 0.00 B-1 8,588,000.00 4.29625% 8,588,000.00 30,746.83 0.00 0.00 0.00 0.00 B-2 6,134,000.00 4.64625% 6,134,000.00 23,750.08 0.00 0.00 0.00 0.00 B-3 3,680,000.00 5.04625% 3,680,000.00 15,475.17 0.00 0.00 0.00 0.00 B-4 2,453,000.00 4.89034% 2,453,000.00 9,996.67 0.00 0.00 0.00 0.00 B-5 920,000.00 4.89034% 920,000.00 3,749.26 0.00 0.00 0.00 0.00 B-6 2,762,778.00 4.89034% 2,762,778.00 11,259.10 0.00 0.00 0.00 0.00 A-R 100.00 4.57680% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 831,770,493.00 2,453,993.17 0.00 0.00 0.00 0.00 ============== ============ ==== ==== ==== ==== Remaining Ending Total Unpaid Certificate/ Interest Interest Notational Class Distribution Shortfall Balance ----- ------------ --------- -------------- A-1 974,962.38 0.00 270,540,673.88 A-2 498,253.86 0.00 142,576,080.24 A-3 457,595.71 0.00 129,074,378.08 X-A1 320,231.95 0.00 413,116,754.12 X-A2 102,472.75 0.00 129,074,378.08 X-B 5,021.28 0.00 18,402,000.00 B-1 30,746.83 0.00 8,588,000.00 B-2 23,750.08 0.00 6,134,000.00 B-3 15,475.17 0.00 3,680,000.00 B-4 9,996.67 0.00 2,453,000.00 B-5 3,749.26 0.00 920,000.00 B-6 11,259.10 0.00 2,762,778.00 A-R 0.24 0.00 0.00 ------------ ---- Totals 2,453,515.28 0.00 ============ ====
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment Beginning of Non- Current Certificate/ Current Unpaid Current Supported Class Original Face Certificate Notional Accrued Interest Interest Interest Realized (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- -------------- ----------- ------------- ---------- ---------- ---------- ---------- ---------- A-1 380,510,000.00 4.06625% 756.15173386 2.56225166 0.00000000 0.00000000 0.00000000 0.00000000 A-2 208,392,000.00 3.93000% 730.05962028 2.39094524 0.00000000 0.00000000 0.00000000 0.00000000 A-3 218,330,615.00 3.96000% 635.11645566 2.09588431 0.00000000 0.00000000 0.00000000 0.00000000 X-A1 0.00 0.87363% 746.91863950 0.54377800 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 0.35862% 635.11645566 0.46934668 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 4.29625% 1000.00000000 0.29884849 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,588,000.00 4.64625% 1000.00000000 3.58020843 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,134,000.00 5.04625% 1000.00000000 3.87187480 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,680,000.00 4.89034% 1000.00000000 4.20520924 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,453,000.00 4.89034% 1000.00000000 4.07528333 0.00000000 0.00000000 0.00000000 0.00000000 B-5 920,000.00 4.89034% 1000.00000000 4.07528261 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,762,778.00 4.89034% 1000.00000000 4.07528220 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 4.57680% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Total Unpaid Certificate/ Class Interest Interest Notational (5) Distribution Shortfall Balance - ----- ------------ ---------- ------------- A-1 2.56225166 0.00000000 710.99491178 A-2 2.39094524 0.00000000 684.17252217 A-3 2.09588431 0.00000000 591.18771813 X-A1 0.54377800 0.00000000 701.50339805 X-A2 0.46934668 0.00000000 591.18771813 X-B 0.27286599 0.00000000 1000.00000000 B-1 3.58020843 0.00000000 1000.00000000 B-2 3.87187480 0.00000000 1000.00000000 B-3 4.20520924 0.00000000 1000.00000000 B-4 4.07528333 0.00000000 1000.00000000 B-5 4.07528261 0.00000000 1000.00000000 B-6 4.07528220 0.00000000 1000.00000000 A-R 2.40000000 0.00000000 0.00000000
(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. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 38,955,055.18 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,201.01 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 38,956,256.19 Withdrawals Reimbursement for Servicer Advances 17,596.25 Payment of Service Fee 149,029.86 Payment of Interest and Principal 38,789,630.08 ------------- Total Withdrawals (Pool Distribution Amount) 38,956,256.19 Ending Balance 0.00 =============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 ---- Non-Supported Prepayment Curtailment Interest Shortfall 0.00 ====
SERVICING FEES Gross Servicing Fee 145,159.86 Master Servicing Fee 3,870.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 149,029.86 ==========
OTHER 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 1,000.00 478.12 478.12 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- -------------------------------- -------------------------------- 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 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 325,520.00 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 --- ---------- --- ---- --- ---- 2 325,520.00 0 0.00 0 0.00 --- ---------- --- ---- --- ---- 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 0 0.00 60 Days 0 0.00 60 Days 2 325,520.00 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 2 325,520.00 --- ---- --- ----------
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- -------------------------------- 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 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.149589% 0.074378% 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% -------- -------- -------- -------- -------- -------- 0.149589% 0.074378% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - -------------------------------- -------------------------------- 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 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.149589% 0.074378% 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% -------- -------- -------- -------- 0.000000% 0.000000% 0.149589% 0.074378%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00 DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------- ---------------------------- ---------------------------- GROUP ONE 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 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 168,000.00 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 --- ---------- --- ---- --- ---- 1 168,000.00 0 0.00 0 0.00 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 0 0.00 60 Days 0 0.00 60 Days 1 168,000.00 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 1 168,000.00
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------ ------------------------------ ------------------------------ 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 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.118906% 0.058660% 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% -------- -------- -------- -------- -------- -------- 0.118906% 0.058660% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ------------------------------ ------------------------------ 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 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.118906% 0.058660% 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% -------- -------- -------- -------- 0.000000% 0.000000% 0.118906% 0.058660%
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------- ---------------------------- ---------------------------- GROUP TWO 1.183654% 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 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 157,520.00 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 --- ---------- ---- ---- ---- ---- 1 157,520.00 0 0.00 0 0.00 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 0 0.00 60 Days 0 0.00 60 Days 1 157,520.00 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 1 157,520.00
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------ ------------------------------ ------------------------------ 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 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.201613% 0.104139% 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% -------- -------- -------- -------- -------- -------- 0.201613% 0.104139% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ------------------------------ ------------------------------ 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 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.201613% 0.104139% 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% -------- -------- -------- -------- 0.000000% 0.000000% 0.201613% 0.104139%
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed Arm - ---------------------- ----------------- Weighted Average Gross Coupon 5.089250% Weighted Average Net Coupon 4.714160% Weighted Average Pass-Through Rate 4.165106% Weighted Average Maturity (Stepdown Calculation) 329 Beginning Scheduled Collateral Loan Count 1,397 Number of Loans Paid in Full 60 Ending Scheduled Collateral Loan Count 1,337 Beginning Scheduled Collateral Balance 464,399,659.55 Ending Scheduled Collateral Balance 437,654,533.03 Ending Actual Collateral Balance at 30-Sept-2005 437,655,494.09 Monthly P&I Constant 1,971,669.48 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 2,131.17 Unscheduled Principal 26,742,995.36
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO Underlying Certificate Balance 129,074,378.10 Underlying Certificate Interest 560,068.46 Underlying Certificate Principal 9,590,988.26
GROUP GROUP ONE GROUP TWO TOTAL ----- -------------- ----------------- -------------- Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 5.094202 5.079902 5.089250 Weighted Average Net Rate 4.719176 4.704690 4.714160 Weighted Average Maturity 328 332 329 Record Date 09/30/2005 09/30/2005 09/30/2005 Principal and Interest Constant 1,290,470.96 681,198.52 1,971,669.48 Beginning Loan Count 881 516 1,397 Loans Paid in Full 40 20 60 Ending Loan Count 841 496 1,337 Beginning Scheduled Balance 303,578,015.10 160,821,644.45 464,399,659.55 Ending Scheduled Balance 286,395,392.73 151,259,140.30 437,654,533.03 Scheduled Principal 1,731.10 400.07 2,131.17 Unscheduled Principal 17,180,891.28 9,562,104.08 26,742,995.36 Scheduled Interest 1,288,739.86 680,798.45 1,969,538.31 Servicing Fee 94,874.74 50,285.12 145,159.86 Master Servicing Fee 2,529.82 1,340.18 3,870.00 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 1,191,335.30 629,173.15 1,820,508.45 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 Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group One One Month Libor Loan Balance 160,861,521.68 Six Month Libor Loan Balance 125,533,871.05 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 94.777382% 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 94.600814% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%