Certificateholder Distribution Summary for SMT Series 2005-2 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2005-2, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of February 28, 2005, with distributions occurring on March 21, 2005. The summary includes payment amounts, outstanding balances, and loss information for each certificate class, as calculated under the Pooling and Servicing Agreement. No realized losses are reported for this period, and all distributions were made as required by the agreement.

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EX-10.1 2 f07714gexv10w1.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 2005-2 RECORD DATE: FEBRUARY 28, 2005 DISTRIBUTION DATE: MARCH 21, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Class CUSIP Description Rate Certificate Distribution Distribution Balance - ------- --------- ----------- ------------ -------------- ------------ ------------- A-1 81744FGY7 SEN 2.84000% 202,462,000.00 415,272.06 3,074,286.27 A-2 81744FGZ4 SEN 3.36000% 126,737,000.00 307,548.45 557,790.22 A-4 81744FHJ9 REZ 3.65224% 100.00 0.92 100.00 X-A 81744FHD2 IO 1.02204% 0.00 280,379.51 0.00 B-1 81744FHA8 SUB 3.01000% 6,016,000.00 13,078.12 0.00 B-2 81744FHB6 SUB 3.29000% 3,266,000.00 7,760.38 0.00 X-B 81744FHE0 IO 0.96281% 0.00 7,447.38 0.00 B-3 81744FHC4 SUB 3.65687% 1,890,000.00 5,759.57 0.00 B-4 81744FHF7 SUB 3.65687% 1,231,000.00 3,751.34 0.00 B-5 81744FHG5 SUB 3.65687% 687,000.00 2,093.56 0.00 B-6 81744FHH3 SUB 3.65687% 1,549,605.55 4,722.25 0.00 -------------- ------------ ------------ Totals 343,838,705.55 1,047,813.54 3,632,176.49 -------------- ------------ ------------
Certificate Class Current Ending Total Cumulative Class CUSIP Description Realized Loss Certificate Distribution Realized Loss Balance - ------- --------- ----------- ------------ -------------- ------------ ------------- A-1 81744FGY7 SEN 0.00 199,387,713.73 3,489,558.33 0.00 A-2 81744FGZ4 SEN 0.00 126,179,209.78 865,338.67 0.00 A-4 81744FHJ9 REZ 0.00 0.00 100.92 0.00 X-A 81744FHD2 IO 0.00 0.00 280,379.51 0.00 B-1 81744FHA8 SUB 0.00 6,016,000.00 13,078.12 0.00 B-2 81744FHB6 SUB 0.00 3,266,000.00 7,760.38 0.00 X-B 81744FHE0 IO 0.00 0.00 7,447.38 0.00 B-3 81744FHC4 SUB 0.00 1,890,000.00 5,759.57 0.00 B-4 81744FHF7 SUB 0.00 1,231,000.00 3,751.34 0.00 B-5 81744FHG5 SUB 0.00 687,000.00 2,093.56 0.00 B-6 81744FHH3 SUB 0.00 1,549,605.55 4,722.25 0.00 -------------- ------------ ---- Totals 0.00 340,206,529.06 4,679,990.03 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 Class Amount Balance Distribution Distribution Accretion Loss (1) - ----- -------------- -------------- ------------ ------------ --------- -------- A-1 202,462,000.00 202,462,000.00 604.81 3,073,681.46 0.00 0.00 A-2 126,737,000.00 126,737,000.00 571.34 557,218.88 0.00 0.00 A-4 100.00 100.00 0.00 99.98 0.00 0.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 B-1 6,016,000.00 6,016,000.00 0.00 0.00 0.00 0.00 B-2 3,266,000.00 3,266,000.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 B-3 1,890,000.00 1,890,000.00 0.00 0.00 0.00 0.00 B-4 1,231,000.00 1,231,000.00 0.00 0.00 0.00 0.00 B-5 687,000.00 687,000.00 0.00 0.00 0.00 0.00 B-6 1,549,605.55 1,549,605.55 0.00 0.00 0.00 0.00 -------------- -------------- ---------- ------------ ------ ------- Totals 343,838,705.55 343,838,705.55 1,176.17 3,631,000.32 0.00 0.00 -------------- -------------- ---------- ------------ ------ ------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 3,074,286.27 199,387,713.73 0.98481549 3,074,286.27 A-2 557,790.22 126,179,209.78 0.99559884 557,790.22 A-4 100.00 0.00 0.00000000 100.00 X-A 0.00 0.00 0.00000000 0.00 B-1 0.00 6,016,000.00 1.00000000 0.00 B-2 0.00 3,266,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-3 0.00 1,890,000.00 1.00000000 0.00 B-4 0.00 1,231,000.00 1.00000000 0.00 B-5 0.00 687,000.00 1.00000000 0.00 B-6 0.00 1,549,605.55 1.00000000 0.00 ------------- ---------------- -------------- ------------- Totals 3,632,176.49 340,206,529.06 0.98943639 3,632,176.49 ------------- ---------------- -------------- -------------
(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 Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ----- -------------- ------------- ------------ ------------- ---------- ---------- A-1 202,462,000.00 1000.00000000 0.00298728 15.18152275 0.00000000 0.00000000 A-2 126,737,000.00 1000.00000000 0.00450808 4.39665512 0.00000000 0.00000000 A-4 100.00 1000.00000000 0.20000000 999.800000000 0.00000000 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,016,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,266,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 1,890,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,231,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,549,605.55 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Total Principal Ending Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ----------- --------------- A-1 15.18451003 984.81548997 0.98481549 15.18451003 A-2 4.40116320 995.59883680 0.99559884 4.40116320 A-4 1000.00000000 0.00000000 0.00000000 1000.00000000 X-A 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 1000.00000000 0.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment 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-1 202,462,000.00 2.84000% 202,462,000.00 415,272.06 0.00 0.00 0.00 0.00 A-2 126,737,000.00 3.36000% 126,737,000.00 307,548.45 0.00 0.00 0.00 0.00 A-4 100.00 3.65224% 100.00 0.30 0.00 0.00 0.00 0.00 X-A 0.00 1.02204% 329,199,000.00 280,379.51 0.00 0.00 0.00 0.00 B-1 6,016,000.00 3.01000% 6,016,000.00 13,078.12 0.00 0.00 0.00 0.00 B-2 3,266,000.00 3.29000% 3,266,000.00 7,760.38 0.00 0.00 0.00 0.00 X-B 0.00 0.96281% 9,282,000.00 7,447.38 0.00 0.00 0.00 0.00 B-3 1,890,000.00 3.65687% 1,890,000.00 5,759.57 0.00 0.00 0.00 0.00 B-4 1,231,000.00 3.65687% 1,231,000.00 3,751.34 0.00 0.00 0.00 0.00 B-5 687,000.00 3.65687% 687,000.00 2,093.56 0.00 0.00 0.00 0.00 B-6 1,549,605.55 3.65687% 1,549,605.55 4,722.25 0.00 0.00 0.00 0.00 -------------- ------------ ------- ------ ------ ------ Totals 343,838,705.55 1,047,812.92 0.00 0.00 0.00 0.00 -------------- ------------ ------- ------ ------ ------ Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 415,272.06 0.00 199,387,713.73 A-2 307,548.45 0.00 126,179,209.78 A-4 0.92 0.00 0.00 X-A 280,379.51 0.00 325,566,923.51 B-1 13,078.12 0.00 6,016,000.00 B-2 7,760.38 0.00 3,266,000.00 X-B 7,447.38 0.00 9,282,000.00 B-3 5,759.57 0.00 1,890,000.00 B-4 3,751.34 0.00 1,231,000.00 B-5 2,093.56 0.00 687,000.00 B-6 4,722.25 0.00 1,549,605.55 ------------- ------ Totals 1,047,813.54 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 of Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- ---------- A-1 202,462,000.00 2.84000% 1000.00000000 2.05111112 0.00000000 0.00000000 0.00000000 0.00000000 A-2 126,737,000.00 3.36000% 1000.00000000 2.42666664 0.00000000 0.00000000 0.00000000 0.00000000 A-4 100.00 3.65224% 1000.00000000 3.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 1.02204% 1000.00000000 0.85170219 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,016,000.00 3.01000% 1000.00000000 2.17388963 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,266,000.00 3.29000% 1000.00000000 2.37611145 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.96281% 1000.00000000 0.80234648 0.00000000 0.00000000 0.00000000 0.00000000 B-3 1,890,000.00 3.65687% 1000.00000000 3.04739153 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,231,000.00 3.65687% 1000.00000000 3.04739236 0.00000000 0.00000000 0.00000000 0.00000000 B-5 687,000.00 3.65687% 1000.00000000 3.04739447 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,549,605.55 3.65687% 1000.00000000 3.04738841 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ---------- ------------------- A-1 2.05111112 0.00000000 984.81548997 A-2 2.42666664 0.00000000 995.59883680 A-4 9.20000000 0.00000000 0.00000000 X-A 0.85170219 0.00000000 998.96692733 B-1 2.17388963 0.00000000 1000.00000000 B-2 2.37611145 0.00000000 1000.00000000 X-B 0.80234648 0.00000000 1000.00000000 B-3 3.04739153 0.00000000 1000.00000000 B-4 3.04739236 0.00000000 1000.00000000 B-5 3.04739447 0.00000000 1000.00000000 B-6 3.04738841 0.00000000 1000.00000000
(5) Per $1 denomination (6) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 4,794,628.92 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 4,794,628.92 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 114,638.89 Payment of Interest and Principal 4,679,990.03 ------------ Total Withdrawals (Pool Distribution Amount) 4,794,628.92 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 109,624.57 Master Servicing Fee 5,014.32 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 114,638.89 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------ --------- ----------- -------- -------- Reserve Fund 4,500.00 0.00 0.00 4,500.00 Reserve Fund 4,500.00 0.00 0.00 4,500.00 Reserve Fund 1,000.00 0.00 0.00 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 3 1,658,954.44 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 3 1,658,954.44 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.324324% 0.487629% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 0.324324% 0.487629%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- -------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- -------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- -------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 3 1,658,954.44 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ----- ------------ 3 1,658,954.44 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.324324% 0.487629% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.324324% 0.487629%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 14,639,605.55 4.25769563% 14,639,605.55 4.30315244% 95.696848% 0.000000% Class B-1 8,623,605.55 2.50803805% 8,623,605.55 2.53481483% 1.768338% 41.094003% Class B-2 5,357,605.55 1.55817407% 5,357,605.55 1.57480974% 0.960005% 22.309344% Class B-3 3,467,605.55 1.00849773% 3,467,605.55 1.01926484% 0.555545% 12.910184% Class B-4 2,236,605.55 0.65048103% 2,236,605.55 0.65742582% 0.361839% 8.408697% Class B-5 1,549,605.55 0.45067804% 1,549,605.55 0.45548966% 0.201936% 4.692749% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.455490% 10.585023%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT GROUP ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 3 1,658,954.44 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------------------------ 3 1,658,954.44 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.542495% 0.796034% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------------------ 0.542495% 0.796034%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 3 1,658,954.44 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---------------------- 3 1,658,954.44 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.542495% 0.796034% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ---------------------- 0.542495% 0.796034%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
BANKRUPTCY
1.183654% No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- 0.000000% 0.000000%
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.056968% Weighted Average Net Coupon 3.674378% Weighted Average Pass-Through Rate 3.656878% Weighted Average Maturity (Stepdown Calculation) 337 Beginning Scheduled Collateral Loan Count 934 Number of Loans Paid in Full 9 Ending Scheduled Collateral Loan Count 925 Beginning Scheduled Collateral Balance 343,838,705.55 Ending Scheduled Collateral Balance 340,206,529.06 Ending Actual Collateral Balance at 28-Feb-2005 340,208,010.94 Monthly P&I Constant 1,163,628.48 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,635,376.81 Scheduled Principal 1,176.17 Unscheduled Principal 3,631,000.32
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.742304% Pro Rata Subordinate Percent 4.257696%
GROUP ONE TWO TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.050524 4.067265 4.056968 Weighted Average Net Rate 3.669739 3.681789 3.674378 Pass-Through Rate 3.652239 3.664289 3.656878 Weighted Average Maturity 334 342 337 Record Date 02/28/2005 02/28/2005 02/28/2005 Principal and Interest Constant 714,429.21 449,199.27 1,163,628.48 Beginning Loan Count 560 374 934 Loans Paid in Full 7 2 9 Ending Loan Count 553 372 925 Beginning Scheduled Balance 211,476,152.95 132,362,552.60 343,838,705.55 Ending Scheduled Balance 208,401,766.68 131,804,762.38 340,206,529.06 Scheduled Principal 604.83 571.34 1,176.17 Unscheduled Principal 3,073,781.44 557,218.88 3,631,000.32 Scheduled Interest 713,824.38 448,627.93 1,162,452.31 Servicing Fee 67,105.79 45,518.78 109,624.57 Master Servicing Fee 3,084.03 1,930.29 5,014.32 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 643,634.56 404,178.86 1,047,813.42 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 0ne One Month Libor Loan Balance 108,511,301.22 Principal Transfer Amount 0.00 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Interest Transfer Amount 0.00 Group Two Six-Month Libor Loan Balance 99,890,465.46 Principal Transfer Amount 0.00 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Interest Transfer Amount 0.00