Certificateholder Distribution Statement for SMT Series 2005-1 (Wells Fargo Bank Minnesota, N.A. as Administrator)

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Summary

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

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EX-10.1 2 f13148aexv10w1.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: AUGUST 31, 2005 DISTRIBUTION DATE: SEPTEMBER 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ----- --------- ----------- ------------ -------------- ------------ A-1 81744FGM# SEN 3.83938% 237,180,925.76 758,856.42 A-2 81744FGN1 SEN 4.10000% 80,993,333.84 276,727.22 X-A 81744FGP6 IO 0.75136% 0.00 199,219.10 X-B 81744FGS0 IO 0.42968% 0.00 4,416.60 B-1 81744FGQ4 SUB 4.02938% 7,067,000.00 23,729.69 B-2 81744FGR2 SUB 4.30938% 3,949,000.00 14,181.45 B-3 81744FGU5 SUB 4.85938% 2,495,000.00 10,103.46 B-4 81744FGV3 SUB 4.65676% 1,455,000.00 5,646.32 B-5 81744FGW1 SUB 4.65676% 831,000.00 3,224.80 B-6 81744FGX9 SUB 4.65676% 1,871,544.03 7,262.77 A-R 81744FGT8 RES 3.95193% 0.00 0.32 -------------- ------------ Totals 335,842,803.63 1,303,368.15 ============== ============ Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Loss ----- ------------- -------- -------------- ------------- ---------- A-1 13,267,379.59 0.00 223,913,546.17 14,026,236.01 0.00 A-2 1,058,582.97 0.00 79,934,750.87 1,335,310.19 0.00 X-A 0.00 0.00 0.00 199,219.10 0.00 X-B 0.00 0.00 0.00 4,416.60 0.00 B-1 0.00 0.00 7,067,000.00 23,729.69 0.00 B-2 0.00 0.00 3,949,000.00 14,181.45 0.00 B-3 0.00 0.00 2,495,000.00 10,103.46 0.00 B-4 0.00 0.00 1,455,000.00 5,646.32 0.00 B-5 0.00 0.00 831,000.00 3,224.80 0.00 B-6 0.00 0.00 1,871,544.03 7,262.77 0.00 A-R 0.00 0.00 0.00 0.32 0.00 ------------- ---- -------------- ------------- ---- Totals 14,325,962.56 0.00 321,516,841.07 15,629,330.71 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-1 298,055,000.00 237,180,925.76 0.00 13,267,379.59 0.00 0.00 A-2 100,000,000.00 80,993,333.84 0.00 1,058,582.97 0.00 0.00 X-A 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 B-1 7,067,000.00 7,067,000.00 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 B-3 2,495,000.00 2,495,000.00 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 B-5 831,000.00 831,000.00 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 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------- ---- ---- Totals 415,723,644.03 335,842,803.63 0.00 14,325,962.56 0.00 0.00 ============== ============== ==== ============= ==== ==== Ending Ending Total Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution ----- --------------- -------------- ----------- ------------- A-1 13,267,379.59 223,913,546.17 0.75124909 13,267,379.59 A-2 1,058,582.97 79,934,750.87 0.79934751 1,058,582.97 X-A 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 7,067,000.00 1.00000000 0.00 B-2 0.00 3,949,000.00 1.00000000 0.00 B-3 0.00 2,495,000.00 1.00000000 0.00 B-4 0.00 1,455,000.00 1.00000000 0.00 B-5 0.00 831,000.00 1.00000000 0.00 B-6 0.00 1,871,544.03 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 14,325,962.56 321,516,841.07 0.77339080 14,325,962.56 ============= ============== ========== =============
(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-1 298,055,000.00 795.76227797 0.00000000 44.51319250 0.00000000 0.00000000 A-2 100,000,000.00 809.93333340 0.00000000 10.58582970 0.00000000 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 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 B-2 3,949,000.00 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 B-4 1,455,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 831,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,871,544.03 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 44.51319250 751.24908547 0.75124909 44.51319250 A-2 10.58582970 799.34750870 0.79934751 10.58582970 X-A 0.00000000 0.00000000 0.00000000 0.00000000 X-B 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 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 A-R 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
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Class Original Face Current Notional Accrued Interest Interest Interest Realized Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----- -------------- ---------------- -------------- ------------ ---------- --------- --------- -------- A-1 298,055,000.00 3.83938% 237,180,925.76 758,856.42 0.00 0.00 0.00 0.00 A-2 100,000,000.00 4.10000% 80,993,333.84 276,727.22 0.00 0.00 0.00 0.00 X-A 0.00 0.75136% 318,174,259.60 199,219.10 0.00 0.00 0.00 0.00 X-B 0.00 0.42968% 13,511,000.00 4,837.89 0.00 0.00 0.00 0.00 B-1 7,067,000.00 4.02938% 7,607,000.00 23,729.69 0.00 0.00 0.00 0.00 B-2 3,949,000.00 4.30938% 3,949,000.00 14,181.45 0.00 0.00 0.00 0.00 B-3 2,495,000.00 4.85938% 2,495,000.00 10,103.46 0.00 0.00 0.00 0.00 B-4 1,455,000.00 4.65676% 1,455,000.00 5,646.32 0.00 0.00 0.00 0.00 B-5 831,000.00 4.65676% 831,000.00 3,224.80 0.00 0.00 0.00 0.00 B-6 1,871,544.03 4.65676% 1,871,544.03 7,262.77 0.00 0.00 0.00 0.00 A-R 100.00 3.95193% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 415,723,644.03 1,303,789.12 0.00 0.00 0.00 0.00 ============== ============ ==== ==== ==== ==== Remaining Ending Unpaid Certificate/ Class Total Interest Interest Notational Distribution Shortfall Balance - ----- -------------- --------- -------------- A-1 758,856.42 0.00 223,913,546.17 A-2 276,727.22 0.00 79,934,750.87 X-A 199,219.10 0.00 303,848,297.04 X-B 4,416.60 0.00 13,511,000.00 B-1 23,729.69 0.00 7,067,000.00 B-2 14,181.45 0.00 3,949,000.00 B-3 10,103.46 0.00 2,495,000.00 B-4 5,646.32 0.00 1,455,000.00 B-5 3,224.80 0.00 831,000.00 B-6 7,262.77 0.00 1,871,544.03 A-R 0.32 0.00 0.00 ------------ ---- Totals 1,303,368.15 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-1 298,055,000.00 3.83938% 795.76227797 2.54602815 0.00000000 0.00000000 0.00000000 0.00000000 A-2 100,000,000.00 4.10000% 809.93333840 2.76727220 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.75136% 799.32235395 0.50048134 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.42968% 1000.00000000 0.35807046 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,067,000.00 4.02938% 1000.00000000 3.35781661 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,949,000.00 4.30938% 1000.00000000 3.59114966 0.00000000 0.00000000 0.00000000 0.00000000 B-3 2,495,000.00 4.85938% 1000.00000000 4.04948297 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,455,000.00 4.65676% 1000.00000000 3.88063230 0.00000000 0.00000000 0.00000000 0.00000000 B-5 831,000.00 4.65676% 1000.00000000 3.88062575 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,871,544.03 4.65676% 1000.00000000 3.88063005 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.95193% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ---------- ------------------- A-1 2.54602815 0.00000000 751.24908547 A-2 2.76727220 0.00000000 799.34750870 X-A 0.50048134 0.00000000 763.33244662 X-B 0.32688920 0.00000000 1000.00000000 B-1 3.35781661 0.00000000 1000.00000000 B-2 3.59114966 0.00000000 1000.00000000 B-3 4.04948297 0.00000000 1000.00000000 B-4 3.88063230 0.00000000 1000.00000000 B-5 3.88062575 0.00000000 1000.00000000 B-6 3.88063005 0.00000000 1000.00000000 A-R 3.20000000 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 15,747,779.09 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 12,951.91 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 15,760,731.00 Withdrawals Reimbursement for Servicer Advances 22,882,68 Payment of Service Fee 108,517.61 Payment of Interest and Principal 15,629,330.71 ------------- Total Withdrawals (Pool Distribution Amount) 15,760,731.00 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 105,019.24 Master Servicing Fee 3,498.37 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 108,517.61 ==========
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 1,000.00 421.29 421.29 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 8 3,004,183.43 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 160,196.23 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 --- ------------ --- ---- --- ---- 9 3,164,379.66 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 8 3,004,183.43 60 Days 0 0.00 60 Days 1 160,196.23 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 9 3,164,379.66
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 0.820513% 0.934377% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.102564% 0.049825% 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% -------- -------- -------- -------- -------- -------- 0.923077% 0.984202% 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 0.820513% 0.934377% 60 Days 0.000000% 0.000000% 60 Days 0.102564% 0.049825% 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% 0.923077% 0.984202%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 12,951.91
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 17,668,544.03 4.25006956% 17,668,544.03 5.49537124% 94.504629% 0.000000% Class B-1 10,601,544.03 2.55014219% 10,601,544.03 3.29735263% 2.198019% 39.997663% Class B-2 6,652,544.03 1.60023230% 6,652,544.03 2.06911215% 1.228240% 22.350455% Class B-3 4,157,544.03 1.00007399% 4,157,544.03 1.29310304% 0.776009% 14.121141% Class B-4 2,702,544.03 0.65008187% 2,702,544.03 0.84056064% 0.452542% 8.234974% Class B-5 1,871,544.03 0.45018946% 1,871,544.03 0.58209829% 0.258462% 4.703274% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.582098% 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 5 2,104,853.39 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 160,196.23 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 2,265,049.62 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 5 2,104,853.39 60 Days 0 0.00 60 Days 1 160,196.23 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 2,265,049.62
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 0.696379% 0.887585% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.139276% 0.67552% 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% -------- -------- -------- -------- -------- -------- 0.835655% 0.955138% 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 0.696379% 0.887585% 60 Days 0.000000% 0.000000% 60 Days 0.139276% 0.67552% 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% 0.835655% 0.955138%
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 3 899,330.04 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 --- ---------- --- ---- --- ---- 3 899,330.04 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 3 899,330.04 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 3 899,330.04
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 1.167315% 1.065891% 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% -------- -------- -------- -------- -------- -------- 1.167315% 1.065891% 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 1.167315% 1.065891% 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% 1.167315% 1.065891%
COLLATERAL STATEMENT
Collateral Description Mixed ARM - ---------------------- --------------- Weighted Average Gross Coupon 5.044809% Weighted Average Net Coupon 4.669564% Weighted Average Pass-Through Rate 4.657064% Weighted Average Maturity (Stepdown Calculation) 328 Beginning Scheduled Collateral Loan Count 1,018 Number of Loans Paid in Full 43 Ending Scheduled Collateral Loan Count 975 Beginning Scheduled Collateral Balance 335,842,803.63 Ending Scheduled Collateral Balance 321,516,841.07 Ending Actual Collateral Balance at 31-Aug-2005 321,517,302.62 Monthly P&I Constant 1,411,885.58 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 15,560,344.02 Scheduled Principal 0.00 Unscheduled Principal 14,325,962.56
MISCELLANEOUS REPORTING Pro Rata Senior Percent 94.739043%
GROUP POOL ONE POOL TWO TOTAL - ------------------------------- -------------- ----------------- -------------- Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 5.020035 5.117424 5.044809 Weighted Average Net Rate 4.644873 4.741937 4.669564 Pass-Through Rate 4.632373 4.729438 4.657064 Weighted Average Maturity 327 332 328 Record Date 08/31/2005 08/31/2005 08/31/2005 Principal and Interest Constant 1,047,558.82 364,326.76 1,411,885.58 Beginning Loan Count 756 262 1,018 Loans Paid in Full 38 5 43 Ending Loan Count 718 257 975 Beginning Scheduled Balance 250,410,731.74 85,432,071.89 335,842,803.63 Ending Scheduled Balance 237,143,352.15 84,373,488.92 321,516,841.07 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 13,267,558.82 1,058,582.97 14,325,962.56 Scheduled Interest 1,047,558.82 364,326.76 1,411,885.58 Servicing Fee 78,287.10 26,732.14 105,019.24 Master Servicing Fee 2,608.45 889.92 3,498.37 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 966.663.27 336,704.70 1,303,367.97 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 130,991,293.29 Six Month Libor Loan Balance 106,152,058.86 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