Certificateholder Distribution Summary for SMT Series 2005-1 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution summary prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2005-1 trust. It details the principal and interest payments made to holders of various classes of certificates as of July 29, 2005, with distributions occurring on August 22, 2005. The summary includes beginning and ending balances, distribution amounts, and rates for each class. All calculations are made in accordance with the Pooling and Servicing Agreement, and no realized losses are reported for this period.

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EX-10.1 2 f12318bexv10w1.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: JULY 29, 2005 DISTRIBUTION DATE: AUGUST 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ A-1 81744FGM# SEN 3.66000% 252,872,767.46 771,261.94 A-2 81744FGN1 SEN 4.10000% 86,736,811.92 296,350.77 X-A 81744FGP6 IO 0.72176% 0.00 204,264.97 X-B 81744FGS0 IO 0.44253% 0.00 4,594.04 B-1 81744FGQ4 SUB 3.85000% 7,067,000.00 22,673.29 B-2 81744FGR2 SUB 4.13000% 3,949,000.00 13,591.14 B-3 81744FGU5 SUB 4.68000% 2,495,000.00 9,730.50 B-4 81744FGV3 SUB 4.49314% 1,455,000.00 5,447.93 B-5 81744FGW1 SUB 4.49314% 831,000.00 3,111.50 B-6 81744FGX9 SUB 4.49314% 1,871,544.03 7,007.59 A-R 81744FGT8 RES 3.95895% 0.00 0.47 -------------- ------------ Totals 357,278,123.41 1,338,034.14 ============== ============ Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Loss - ------ ------------- -------- -------------- ------------- ---------- A-1 15,691,841.70 0.00 237,180,925.76 16,463,103.64 0.00 A-2 5,743,478.08 0.00 80,993,333.84 6,039,828.85 0.00 X-A 0.00 0.00 0.00 204,264.97 0.00 X-B 0.00 0.00 0.00 4,594.04 0.00 B-1 0.00 0.00 7,067,000.00 22,673.29 0.00 B-2 0.00 0.00 3,949,000.00 13,591.14 0.00 B-3 0.00 0.00 2,495,000.00 9,730.50 0.00 B-4 0.00 0.00 1,455,000.00 5,447.93 0.00 B-5 0.00 0.00 831,000.00 3,111.50 0.00 B-6 0.00 0.00 1,871,544.03 7,007.59 0.00 A-R 0.00 0.00 0.00 0.47 0.00 ------------- ---- -------------- ------------- ---- Totals 21,435,319.78 0.00 335,842,803.63 22,773,353.92 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 Certificate Principal Principal Realized Class Face Amount Balance Distribution Distribution Accretion Loss (1) - ------ -------------- -------------- ------------ ------------- --------- -------- A-1 298,055,000.00 252,872,767.46 0.00 15,691,841.70 0.00 0.00 A-2 100,000,000.00 86,736,811.92 0.00 5,743,478.08 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 415,723,644.03 357,278,123.41 0.00 21,435,319.78 0.00 0.00 ============== ============== ==== ============= ==== ==== Ending Ending Total Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ------ --------------- -------------- ----------- ------------- A-1 15,691,841.70 237,180,925.76 0.79576228 15,691,841.70 A-2 5,743,478.08 80,993,333.84 0.80993334 5,743,478.08 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 21,435,319.78 335,842,803.63 0.80785110 21,435,319.78 ============= ============== ========== =============
(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-1 298,055,000.00 848.40974807 0.00000000 52.64747010 0.00000000 0.00000000 A-2 100,000,000.00 867.36811920 0.00000000 57.43478080 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 Ending Ending Total Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------- ----------- --------------- A-1 52.64747010 795.76227797 0.79576228 52.64747010 A-2 57.43478080 809.93333840 0.80993334 57.43478080 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 Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------ -------------- ---------------- -------------- ------------ ---------- --------- --------- -------- A-1 298,055,000.00 3.66000% 252,872,767.46 771,261.94 0.00 0.00 0.00 0.00 A-2 100,000,000.00 4.10000% 86,736,811.92 296,350.77 0.00 0.00 0.00 0.00 X-A 0.00 0.72176% 339,609,579.38 204,264.97 0.00 0.00 0.00 0.00 X-B 0.00 0.44253% 13,511,000.00 4,982.56 0.00 0.00 0.00 0.00 B-1 7,067,000.00 3.85000% 7,067,000.00 22,673.29 0.00 0.00 0.00 0.00 B-2 3,949,000.00 4.13000% 3,949,000.00 13,591.14 0.00 0.00 0.00 0.00 B-3 2,495,000.00 4.68000% 2,495,000.00 9,730.50 0.00 0.00 0.00 0.00 B-4 1,455,000.00 4.49314% 1,455,000.00 5,447.93 0.00 0.00 0.00 0.00 B-5 831,000.00 4.49314% 831,000.00 3,111.50 0.00 0.00 0.00 0.00 B-6 1,871,544.03 4.49314% 1,871,544.03 7,007.59 0.00 0.00 0.00 0.00 A-R 100.00 3.95985% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 415,723,644.03 1,338,422.19 0.00 0.00 0.00 0.00 ============== ============ ==== ==== ==== ==== Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 771,261.94 0.00 237,180,925.76 A-2 296,350.77 0.00 80,993,333.84 X-A 204,264.97 0.00 318,174,259.60 X-B 4,594.04 0.00 13,511,000.00 B-1 22,673.29 0.00 7,067,000.00 B-2 13,591.14 0.00 3,949,000.00 B-3 9,730.50 0.00 2,495,000.00 B-4 5,447.93 0.00 1,455,000.00 B-5 3,111.50 0.00 831,000.00 B-6 7,007.59 0.00 1,871,544.03 A-R 0.47 0.00 0.00 ------------ ---- Totals 1,338,034.14 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - --------- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- ---------- A-1 298,055,000.00 3.66000% 848.40974807 2.58764973 0.00000000 0.00000000 0.00000000 0.00000000 A-2 100,000,000.00 4.10000% 867.36811920 2.96350770 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.72176% 853.17249973 0.51315765 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.44253% 1000.00000000 0.36877803 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,067,000.00 3.85000% 1000.00000000 3.20833310 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,949,000.00 4.13000% 1000.00000000 3.44166624 0.00000000 0.00000000 0.00000000 0.00000000 B-3 2,495,000.00 4.68000% 1000.00000000 3.90000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,455,000.00 4.49314% 1000.00000000 3.74428179 0.00000000 0.00000000 0.00000000 0.00000000 B-5 831,000.00 4.49314% 1000.00000000 3.74428400 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,871,544.03 4.49314% 1000.00000000 3.74428274 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.95985% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class (5) Distribution Shortfall Balance - --------- -------------- ---------- ------------- A-1 2.58764973 0.00000000 795.76227797 A-2 2.96350770 0.00000000 809.93333840 X-A 0.51315765 0.00000000 799.32235395 X-B 0.34002220 0.00000000 1000.00000000 B-1 3.20833310 0.00000000 1000.00000000 B-2 3.44166624 0.00000000 1000.00000000 B-3 3.90000000 0.00000000 1000.00000000 B-4 3.74428179 0.00000000 1000.00000000 B-5 3.74428400 0.00000000 1000.00000000 B-6 3.74428274 0.00000000 1000.00000000 A-R 4.70000000 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 22,888,125.71 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 22,882.68 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 22,911,008.39 Withdrawals Reimbursement for Servicer Advances 22,215.06 Payment of Service Fee 115,439.42 Payment of Interest and Principal 22,773,353.91 ------------- Total Withdrawals (Pool Distribution Amount) 22,911,008.39 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 111,717.77 Master Servicing Fee 3,721.65 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 115,439.42 ==========
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 1,000.00 388.52 388.52 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 15 5,149,194.58 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 797,100.99 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 --- ------------ --- ---- --- ---- 16 5,946,295.57 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 15 5,149,194.58 60 Days 0 0.00 60 Days 1 797,100.99 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 16 5,946,295.57
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 1.473477% 1.533212% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.098232% 0.237343% 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% -------- -------- -------- -------- -------- -------- 1.571709% 1.770555% 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 1.473477% 1.533212% 60 Days 0.000000% 0.000000% 60 Days 0.098232% 0.237343% 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% 1.571709% 1.770555%
Current Period Class Principal Balance of Periodic A Insufficient Funds: 0.00 Contaminated Properties 0.00 Advance 22,882.68
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 17,668,544.03 4.25006956% 17,668,544.03 5.26095657% 94.739043% 0.000000% Class B-1 10,601,544.03 2.55014219% 10,601,544.03 3.15669829% 2.104258% 39.997636% Class B-2 6,652,544.03 1.60023230% 6,652,544.03 1.98085055% 1.175848% 22.350455% Class B-3 4,157,544.03 1.00007399% 4,157,544.03 1.23794346% 0.742907% 14.121141% Class B-4 2,702,544.03 0.65008187% 2,702,544.03 0.80470506% 0.433238% 8.234974% Class B-5 1,871,544.03 0.45018946% 1,871,544.03 0.55726787% 0.247437% 4.703274% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.557268% 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 10 3,582,259.03 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 797,100.99 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 --- ------------ --- ---- --- ---- 11 4,379,360.02 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 10 3,582,259.03 60 Days 0 0.00 60 Days 1 797,100.99 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 11 4,379,360.02
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 1.322751% 1.430550% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.132275% 0.318317% 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% -------- -------- -------- -------- -------- -------- 1.455026% 1.748866% 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 1.322751% 1.430550% 60 Days 0.000000% 0.000000% 60 Days 0.132275% 0.318317% 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% 1.455026% 1.748866%
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 5 1,566,935.55 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 --- ------------ --- ---- --- ---- 5 1,566,935.55 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 1,566,935.55 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 5 1,566,935.55
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 1.908397% 1.834128% 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% -------- -------- -------- -------- -------- -------- 1.908397% 1.834128% 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 1.908397% 1.834128% 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% 1.908397% 1.834128%
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.881822% Weighted Average Net Coupon 4.506592% Weighted Average Pass-Through Rate 4.494092% Weighted Average Maturity (Stepdown Calculation) 329 Beginning Scheduled Collateral Loan Count 1,072 Number of Loans Paid in Full 54 Ending Scheduled Collateral Loan Count 1,018 Beginning Scheduled Collateral Balance 357,278,123.41 Ending Scheduled Collateral Balance 335,842,803.63 Ending Actual Collateral Balance at 29-July-2005 335,843,577.71 Monthly P&I Constant 1,453,473.37 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 22,706,808.94 Scheduled Principal 0.00 Unscheduled Principal 21,435,319.78
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.054681%
GROUP POOL ONE POOL TWO TOTAL - ------------------------------- -------------- ----------------- -------------- Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.820412 5.061049 4.881822 Weighted Average Net Rate 4.445260 4.685594 4.506592 Pass-Through Rate 4.432760 4.673094 4.494092 Weighted Average Maturity 328 333 329 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal and Interest Constant 1,068,936.73 384,536.64 1,453,473.37 Beginning Loan Count 796 276 1,072 Loans Paid in Full 40 14 54 Ending Loan Count 756 262 1,018 Beginning Scheduled Balance 266,102,573.44 91,175,549.97 357,278,123.41 Ending Scheduled Balance 250,410,731.74 85,432,071.89 335,842,803.63 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 15,691,841.70 5,743,478.08 21,435,319.78 Scheduled Interest 1,068,936.73 384,536.64 1,453,473.37 Servicing Fee 83,190.80 28,526.97 111,717.77 Master Servicing Fee 2,771.90 949.75 3,721.65 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 982,974.03 355,059.92 1,338,033.95 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 134,847,605.87 Six Month Libor Loan Balance 115,563,125.87 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