Wells Fargo Bank Minnesota, N.A. SMT Series 2005-1 Certificateholder Distribution Statement (March 31, 2005 Record Date)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2005-1 trust. It summarizes the payments of principal and interest made to certificateholders as of the March 31, 2005 record date and April 20, 2005 distribution date. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all distributions were made in accordance with the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

View More
EX-10.1 2 f08876hexv10w1.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 2005-1 RECORD DATE: MARCH 31, 2005 DISTRIBUTION DATE: APRIL 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Current Class CUSIP Description Rate Certificate Balance Distribution Distribution Realized Loss - ----- --------- ----------- ------------ ------------------- ------------- ------------ ------------- A-1 81744FGM# SEN 3.08000% 290,513,274.21 745,650.74 8,457,228.88 0.00 A-2 81744FGN1 SEN 3.16875% 98,407,712.00 259,857.86 1,400,557.00 0.00 X-A 81744FGP6 IO 0.52317% 0.00 169,558.83 0.00 0.00 X-B 81744FGS0 IO 0.20827% 0.00 1,359.09 0.00 0.00 B-1 81744FGQ4 SUB 3.27000% 7,067,000.00 19,257.58 0.00 0.00 B-2 81744FGR2 SUB 3.55000% 3,949,000.00 11,682.46 0.00 0.00 B-3 81744FGU5 SUB 4.10000% 2,495,000.00 8,524.58 0.00 0.00 B-4 81744FGV3 SUB 3.62582% 1,455,000.00 4,396.31 0.00 0.00 B-5 81744FGW1 SUB 3.62582% 831,000.00 2,510.88 0.00 0.00 B-6 81744FGX9 SUB 3.62582% 1,871,544.03 5,654.90 0.00 0.00 A-R 81744FGT8 RES 3.66283% 0.00 0.55 0.00 0.00 ------- -------------- ------------ ------------ ---- Totals 406,589,530.24 1,228,453.78 9,857,785.88 0.00 ------- -------------- ------------ ------------ ---- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - ----- --------- ------------------ ------------- ------------- A-1 81744FGM# 282,056,045.33 9,202,879.62 0.00 A-2 81744FGN1 97,007,155.00 1,660,414.86 0.00 X-A 81744FGP6 0.00 169,558.83 0.00 X-B 81744FGS0 0.00 1,359.09 0.00 B-1 81744FGQ4 7,067,000.00 19,257.58 0.00 B-2 81744FGR2 3,949,000.00 11,682.46 0.00 B-3 81744FGU5 2,495,000.00 8,524.58 0.00 B-4 81744FGV3 1,455,000.00 4,396.31 0.00 B-5 81744FGW1 831,000.00 2,510.88 0.00 B-6 81744FGX9 1,871,544.03 5,654.90 0.00 A-R 81744FGT8 0.00 0.55 0.00 -------------- ------------- ---- Totals 396,731,744.36 11,086,239.66 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 Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ----- -------------- ------------ ------------ ------------ --------- -------- --------------- A-1 298,055,000.00 290,513,274.21 0.00 8,457,228.88 0.00 0.00 8,457,228.88 A-2 100,000,000.00 98,407,712.00 0.00 1,400,557.00 0.00 0.00 1,400,557.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 7,067,000.00 7,067,000.00 0.00 0.00 0.00 0.00 0.00 B-2 3,949,000.00 3,949,000.00 0.00 0.00 0.00 0.00 0.00 B-3 2,495,000.00 2,495,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,455,000.00 1,455,000.00 0.00 0.00 0.00 0.00 0.00 B-5 831,000.00 831,000.00 0.00 0.00 0.00 0.00 0.00 B-6 1,871,544.03 1,871,544.03 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------ ---- ---- ------------ Totals 415,723,644.03 406,589,530.24 0.00 9,857,785.88 0.00 0.00 9,857,785.88 -------------- -------------- ---- ------------ ---- ---- ------------ Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----- ------------------ ------------------ --------------- A-1 282,056,045.33 0.94632214 8,457,228.88 A-2 97,007,155.00 0.97007155 1,400,557.00 X-A 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 B-1 7,067,000.00 1.00000000 0.00 B-2 3,949,000.00 1.00000000 0.00 B-3 2,495,000.00 1.00000000 0.00 B-4 1,455,000.00 1.00000000 0.00 B-5 831,000.00 1.00000000 0.00 B-6 1,871,544.03 1.00000000 0.00 A-R 0.00 0.00000000 0.00 -------------- ---------- Totals 396,731,744.36 0.95431605 -------------- ----------
(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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----- -------------- ------------- ------------ ------------ ---------- ---------- --------------- A-1 298,055,000.00 974.69686538 0.00000000 28.37472574 0.00000000 0.00000000 28.37472574 A-2 100,000,000.00 984.07712000 0.00000000 14.00557000 0.00000000 0.00000000 14.00557000 X-A 0.00 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 B-1 7,067,000.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,949,000.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 2,495,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,455,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 831,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,871,544.03 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ----- ------------------ ----------- --------------- A-1 946.32213964 0.94632214 28.37472574 A-2 970.07155000 0.97007115 14.00557000 X-A 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000 A-R 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
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall - ----- -------------- ---------------- -------------- ------------ ---------- ---------- --------- A-1 298,055,000.00 3.08000% 290,513,274.01 745,650.74 0.00 0.00 0.00 A-2 100,000,000.00 3.16875% 98,407,712.00 259,857.86 0.00 0.00 0.00 X-A 0.00 0.52317% 98,407,712.00 169,558.83 0.00 0.00 0.00 X-B 0.00 0.20827% 388,920,986.21 2,344.99 0.00 0.00 0.00 B-1 7,067,000.00 3.27000% 13,511,000.00 19,257.58 0.00 0.00 0.00 B-2 3,949,000.00 3.55000% 7,067,000.00 11,682.46 0.00 0.00 0.00 B-3 2,495,000.00 4.10000% 3,949,000.00 8,524.58 0.00 0.00 0.00 B-4 1,455,000.00 3.62582% 2,495,000.00 4,396.31 0.00 0.00 0.00 B-5 831,000.00 3.62582% 1,455,000.00 2,510.88 0.00 0.00 0.00 B-6 1,871,544.03 3.62582% 1,871,544.03 5,654.90 0.00 0.00 0.00 A-R 100.00 3.66283% 0.00 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- Totals 415,723,644.03 1,229,439.13 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ----- -------- -------------- --------- -------------- A-1 0.00 745,650.74 0.00 282,056,045.33 A-2 0.00 259,857.86 0.00 97,007,155.00 X-A 0.00 169,558.83 0.00 379,063,200.33 X-B 0.00 1,359.09 0.00 13,511,000.00 B-1 0.00 19,257.58 0.00 7,067,000.00 B-2 0.00 11,682.46 0.00 3,949,000.00 B-3 0.00 8,524.58 0.00 2,495,000.00 B-4 0.00 4,396.31 0.00 1,455,000.00 B-5 0.00 2,510.88 0.00 831,000.00 B-6 0.00 5,654.90 0.00 1,871,544.03 A-R 0.00 0.55 0.00 0.00 ---- ------------ ---- -------------- Totals 0.00 1,228,453.78 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 (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - ----- --------------- ----------- ---------------- --------------- ---------- ---------- ---------- A-1 298,055,000.00 3.08000% 974.69686538 2.50172196 0.00000000 0.00000000 0.00000000 A-2 100,000,000.00 3.16875% 984.07712000 2.59857860 0.00000000 0.00000000 0.00000000 X-A 0.00 0.52317% 977.05338762 0.42596835 0.00000000 0.00000000 0.00000000 X-B 0.00 0.20827% 1000.00000000 0.17356154 0.00000000 0.00000000 0.00000000 B-1 7,067,000.00 3.27000% 1000.00000000 2.72500071 0.00000000 0.00000000 0.00000000 B-2 3,949,000.00 3.55000% 1000.00000000 2.95833376 0.00000000 0.00000000 0.00000000 B-3 2,495,000.00 4.10000% 1000.00000000 3.41666533 0.00000000 0.00000000 0.00000000 B-4 1,455,000.00 3.62582% 1000.00000000 3.02151890 0.00000000 0.00000000 0.00000000 B-5 831,000.00 3.62582% 1000.00000000 3.02151625 0.00000000 0.00000000 0.00000000 B-6 1,871,544.03 3.62582% 1000.00000000 3.02151588 0.00000000 0.00000000 0.00000000 A-R 100.00 3.66283% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Realized Total Interest Interest Ending Certificate/ (5) Loss (6) Distribution Shortfall Notational Balance - ----- ---------- -------------- ---------- ------------------- A-1 0.00000000 2.50172196 0.00000000 946.32213964 A-2 0.00000000 2.59857860 0.00000000 970.07155000 X-A 0.00000000 0.42596835 0.00000000 952.28850367 X-B 0.00000000 0.10059137 0.00000000 1000.00000000 B-1 0.00000000 2.72500071 0.00000000 1000.00000000 B-2 0.00000000 2.95833376 0.00000000 1000.00000000 B-3 0.00000000 3.41666533 0.00000000 1000.00000000 B-4 0.00000000 3.02151890 0.00000000 1000.00000000 B-5 0.00000000 3.02151625 0.00000000 1000.00000000 B-6 0.00000000 3.02151588 0.00000000 1000.00000000 A-R 0.00000000 5.50000000 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 11,242,082.86 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 15,006.67 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 11,257,089.53 Withdrawals Reimbursement for Servicer Advances 39,486.97 Payment of Service Fee 131,362.90 Payment of Interest and Principal 11,086,239.66 ------------- Total Withdrawals (Pool Distribution Amount) 11,257,089.53 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 127,127.59 Master Servicing Fee 4,235.31 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------- Net Servicing Fee 131,362.90 =============
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- -------- X-A Pool 1 Reserve Fund 4,500.00 0.00 0.00 4,500.00 X-A Pool 2 Reserve Fund 4,500.00 0.00 0.00 4,500.00 X-B Reserve Fund 1,000.00 985.90 985.90 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 5 3,754,434.43 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 740,172.89 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 --------- ------------ -------- -------- -------- -------- 6 4,494,607.32 0 0.00 0 0.00 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 0.428816% 0.946329% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.085763% 0.186565% 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% -------- ------------ -------- -------- -------- -------- 0.514580% 1.132894% 0.000000% 0.000000% 0.000000% 0.000000% 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 5 3,754,434.43 60 Days 0 0.00 60 Days 1 740,172.89 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 6 4,494,607.32 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 0.428816% 0.946329% 60 Days 0.000000% 0.000000% 60 Days 0.085763% 0.186565% 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% 0.514580% 1.132894%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 15,006.67
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 17,668,544.03 4.25006956% 17,668,544.03 4.45352415% 95.546476% 0.000000% Class B-1 10,601,544.03 2.55014219% 10,601,544.03 2.67221975% 1.781304% 39.997636% Class B-2 6,652,544.03 1.60023230% 6,652,544.03 1.67683684% 0.995383% 23.350455% Class B-3 4,157,544.03 1.00007399% 4,157,544.03 1.04794842% 0.628888% 14.121141% Class B-4 2,702,544.03 0.65008187% 2,702,544.03 0.68120186% 0.366747% 8.234974% Class B-5 1,871,544.03 0.45018946% 1,871,544.03 0.47174043% 0.209461% 4.703274% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.471740% 10.592520%
Please refer to the prospectus supplement for a full description of loss exposure 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 3 1,454,916.67 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 740,172.89 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 -------- ------------ --------- -------- -------- -------- 4 2,195,089.56 0 0.00 0 0.00 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 0.346821% 0.492711% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.115607% 0.250661% 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% -------- ------------ --------- -------- -------- -------- 0.462428% 0.743372% 0.000000% 0.000000% 0.000000% 0.000000% 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 3 1,454,916.67 60 Days 0 0.00 60 Days 1 740,172.89 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 4 2,195,089.56 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 0.346821% 0.492711% 60 Days 0.000000% 0.000000% 60 Days 0.115607% 0.250661% 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% 0.462428% 0.743372%
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 2 2,299,517.76 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 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 2,299,517.76 0 0.00 0 0.00 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 0.664452% 2.266687% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 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% -------- ------------ --------- -------- -------- -------- 0.664452% 2.266687% 0.000000% 0.000000% 0.000000% 0.000000% 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 2 2,299,517.76 60 Days 0 0.00 60 Days 0 0.00 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 2,299,517.76 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 0.664452% 2.266687% 60 Days 0.000000% 0.000000% 60 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% 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% 0.664452% 2.266687%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 4.013335% Weighted Average Net Coupon 3.638133% Weighted Average Pass-Through Rate 3.625633% Weighted Average Maturity (Stepdown Calculation) 333 Beginning Scheduled Collateral Loan Count 1,184 Number of Loans Paid in Full 18 Ending Scheduled Collateral Loan Count 1,166 Beginning Scheduled Collateral Balance 406,589,530.24 Ending Scheduled Collateral Balance 396,731,744.36 Ending Actual Collateral Balance at 31-Mar-2005 396,736,696.74 Monthly P&I Constant 1,359,816.51 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,031,867.41 Scheduled Principal 0.00 Unscheduled Principal 9,857,785.88
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.654452%
GROUP POOL ONE POOL TWO TOTAL Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.040774 3.932297 4.013335 Weighted Average Net Rate 3.665640 3.556893 3.638133 Pass-Through Rate 3.653140 3.544393 3.625633 Weighted Average Maturity 332 337 333 Record Date 03/31/2005 03/31/2005 03/31/2005 Principal and Interest Constant 1,022,797.55 337,018.96 1,359,816.51 Beginning Loan Count 878 306 1,184 Loans Paid in Full 13 5 18 Ending Loan Count 865 301 1,166 Beginning Scheduled Balance 303,743,080.19 102,846,450.05 406,589,530.24 Ending Scheduled Balance 295,285,851.31 101,445,893.05 396,731,744.36 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 8,457,228.88 1,400,557.00 9,857,785.88 Scheduled Interest 1,022,797.55 337,018.96 1,359,816.51 Servicing Fee 94,953.46 32,174.13 127,127.59 Master Servicing Fee 3,163.99 1,071.32 4,235.31 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 924,680.10 303,773.51 1,228,453.61 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 Pool One One Month Libor Loan Balance 150,159,574.76 Six Month Libor Loan Balance 144,694,276.55 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Group Pool Two Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Principal Transfer Amount 0.00 Interest Transfer Amount 0.00