Wells Fargo Bank Minnesota, N.A. SMT Series 2005-1 Certificateholder Distribution Statement (April 2006)

Summary

This document is a distribution statement from Wells Fargo Bank Minnesota, N.A. for the SMT Series 2005-1, detailing payments made to certificateholders as of April 28, 2006, with distributions occurring on May 22, 2006. It summarizes the interest and principal payments, balances, and realized losses for each class of certificates in the trust. The statement provides transparency to investors regarding the performance and cash flows of their investment in the securitized trust.

EX-10.1 2 f21141bexv10w1.htm EXHIBIT 10.1 exv10w1

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) ###-###-####
	Fax:	(301) ###-###-####

SMT SERIES 2005-1
Record Date: April 28, 2006
Distribution Date: May 22, 2006

Certificateholder Distribution Summary



			Certificate	Certificate
			Class	Pass-Through			Beginning		Interest		Principal		Current		Ending		Total		Cumulative
Class	CUSIP		Description	Rate			Certificate Balance		Distribution		Distribution		Realized Loss		Certificate Balance		Distribution		Realized Loss

A-1		81744FGM3	SEN		5.15250	%		152,112,076.53		653,131.23		9,728,935.33		0.00		142,383,141.20		10,382,066.56		0.00
A-2		81744FGN1	SEN		4.97000	%		54,483,841.78		225,653.91		3,859,777.35		0.00		50,624,064.43		4,085,431.26		0.00
X-A		81744FGP6	IO		0.68325	%		0.00		117,630.83		0.00		0.00		0.00		117,630.83		0.00
X-B		81744FGS0	IO		0.28143	%		0.00		2,369.38		0.00		0.00		0.00		2,369.38		0.00
B-1		81744FGQ4	SUB		5.34250	%		7,067,000.00		31,462.87		0.00		0.00		7,067,000.00		31,462.87		0.00
B-2		81744FGR2	SUB		5.62250	%		3,949,000.00		18,502.71		0.00		0.00		3,949,000.00		18,502.71		0.00
B-3		81744FGU5	SUB		6.17250	%		2,495,000.00		12,833.66		0.00		0.00		2,495,000.00		12,833.66		0.00
B-4		81744FGV3	SUB		5.78805	%		1,455,000.00		7,018.01		0.00		0.00		1,455,000.00		7,018.01		0.00
B-5		81744FGW1	SUB		5.78805	%		831,000.00		4,008.22		0.00		0.00		831,000.00		4,008.22		0.00
B-6		81744FGX9	SUB		5.78805	%		1,871,544.03		9,027.16		0.00		0.00		1,871,544.03		9,027.16		0.00
A-R		81744FGT8	RES		3.91178	%		0.00		0.29		0.00		0.00		0.00		0.29		0.00

Totals								224,264,462.34		1,081,638.27		13,588,712.68		0.00		210,675,749.66		14,670,350.95		0.00

Principal Distribution Statement



			Beginning		Scheduled		Unscheduled
	Original Face		Certificate		Principal		Principal				Realized		Total Principal		Ending Certificate		Ending Certificate		Total Principal
Class	Amount		Balance		Distribution		Distribution		Accretion		Loss		Reduction		Balance		Percentage		Distribution

A-1		298,055,000.00		152,112,076.53		0.00		9,728,935.33		0.00		0.00		9,728,935.33		142,383,141.20		0.47770761		9,728,935.33
A-2		100,000,000.00		54,483,841.78		0.01		3,859,777.34		0.00		0.00		3,859,777.35		50,624,064.43		0.50624064		3,859,777.35
X-A		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00
X-B		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00
B-1		7,067,000.00		7,067,000.00		0.00		0.00		0.00		0.00		0.00		7,067,000.00		1.00000000		0.00
B-2		3,949,000.00		3,949,000.00		0.00		0.00		0.00		0.00		0.00		3,949,000.00		1.00000000		0.00
B-3		2,495,000.00		2,495,000.00		0.00		0.00		0.00		0.00		0.00		2,495,000.00		1.00000000		0.00
B-4		1,455,000.00		1,455,000.00		0.00		0.00		0.00		0.00		0.00		1,455,000.00		1.00000000		0.00
B-5		831,000.00		831,000.00		0.00		0.00		0.00		0.00		0.00		831,000.00		1.00000000		0.00
B-6		1,871,544.03		1,871,544.03		0.00		0.00		0.00		0.00		0.00		1,871,544.03		1.00000000		0.00
A-R		100.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00000000		0.00

Totals		415,723,644.03		224,264,462.34		0.01		13,588,712.67		0.00		0.00		13,588,712.68		210,675,749.66		0.50676875		13,588,712.68

Principal Distribution Factors Statement



			Beginning		Scheduled		Unscheduled
	Original Face		Certificate		Principal		Principal				Realized		Total Principal		Ending Certificate		Ending Certificate		Total Principal
Class	Amount		Balance		Distribution		Distribution		Accretion		Loss		Reduction		Balance		Percentage		Distribution

A-1		298,055,000.00		510.34901790		0.00000000		32.64140957		0.00000000		0.00000000		32.64140957		477.70760833		0.47770761		32.64140957
A-2		100,000,000.00		544.83841780		0.00000010		38.59777340		0.00000000		0.00000000		38.59777350		506.24064430		0.50624064		38.59777350
X-A		0.00		0.00000000		0.00000000		0.00000000		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		0.00000000		0.00000000		0.00000000
B-1		7,067,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-2		3,949,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-3		2,495,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-4		1,455,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-5		831,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
B-6		1,871,544.03		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		1000.00000000		1.00000000		0.00000000
A-R		100.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000

Interest Distribution- Statement



												Payment
												of				Non-				Remaining		Ending
					Current			Beginning		Current		Unpaid		Current		Supported				Unpaid		Certificate/
			Accrual		Certificate			Certificate/		Accrued		Interest		Interest		Interest		Total Interest		Interest		Notational
Class	Accural Dates		Days		Rate			Notional Balance		Interest		Shortfall		Shortfall		Shortfall(1)		Distribution		Shortfall(2)		Balance

A-1		04/20/06 – 05/19/06		30		5.15250	%		152,112,076.53		653,131.23		0.00		0.00		0.00		653,131.23		0.00		142,383,141.20
A-2		04/20/06 – 05/19/06		30		4.97000	%		54,483,841.78		225,653.91		0.00		0.00		0.00		225,653.91		0.00		50,624,064.43
X-A		04/01/06 – 04/30/06		30		0.68325	%		206,595,918.31		117,630.83		0.00		0.00		0.00		117,630.83		0.00		193,007,205.63
X-B		04/01/06 – 04/30/06		30		0.28143	%		13,511,000.00		3,168.72		0.00		0.00		0.00		2,369.38		0.00		13,511,000.00
B-1		04/20/06 – 05/19/06		30		5.34250	%		7,067,000.00		31,462.87		0.00		0.00		0.00		31,462.87		0.00		7,067,000.00
B-2		04/20/06 – 05/19/06		30		5.62250	%		3,949,000.00		18,502.71		0.00		0.00		0.00		18,502.71		0.00		3,949,000.00
B-3		04/20/06 – 05/19/06		30		6.17250	%		2,495,000.00		12,833.66		799.33		799.33		0.00		12,833.66		0.00		2,495,000.00
B-4		04/01/06 – 04/30/06		30		5.78805	%		1,455,000.00		7,018.01		0.00		0.00		0.00		7,018.01		0.00		1,455,000.00
B-5		04/01/06 – 04/30/06		30		5.78805	%		831,000.00		4,008.22		0.00		0.00		0.00		4,008.22		0.00		831,000.00
B-6		04/01/06 – 04/30/06		30		5.78805	%		1,871,544.03		9,027.16		0.00		0.00		0.00		9,027.16		0.00		1,871,544.03
A-R		N/A		N/A		3.91178	%		0.00		0.00		0.00		0.00		0.00		0.29		0.00		0.00

Totals											1,082,437.32		799.33		799.33		0.00		1,081,638.27		0.00

(1, 2) Amount also includes coupon cap or basis risk shortfalls, if applicable.

Interest Distribution Factors Statement



						Beginning				Payment of				Non-				Remaining		Ending
			Current			Certificate/		Current		Unpaid		Current		Supported				Unpaid		Certificate/
	Original Face		Certificate			Notional		Accrued		Interest		Interest		Interest		Total Interest		Interest		Notational
Class	Amount		Rate			Balance		Interest		Shortfall		Shortfall(1)		Shortfall		Distribution		Shortfall(2)		Balance

A-1		298,055,000.00		5.15250	%		510.34901790		2.19131110		0.00000000		0.00000000		0.00000000		2.19131110		0.00000000		477.70760833
A-2		100,000,000.00		4.97000	%		544.83841780		2.25653910		0.00000000		0.00000000		0.00000000		2.25653910		0.00000000		506.24064430
X-A		0.00		0.68325	%		519.01349891		0.29551401		0.00000000		0.00000000		0.00000000		0.29551401		0.00000000		484.87572227
X-B		0.00		0.28143	%		1000.00000000		0.23452890		0.00000000		0.00000000		0.00000000		0.17536674		0.00000000		1000.00000000
B-1		7,067,000.00		5.34250	%		1000.00000000		4.45208292		0.00000000		0.00000000		0.00000000		4.45208292		0.00000000		1000.00000000
B-2		3,949,000.00		5.62250	%		1000.00000000		4.68541656		0.00000000		0.00000000		0.00000000		4.68541656		0.00000000		1000.00000000
B-3		2,495,000.00		6.17250	%		1000.00000000		5.14375150		0.32037275		0.32037275		0.00000000		5.14375150		0.00000000		1000.00000000
B-4		1,455,000.00		5.78805	%		1000.00000000		4.82337457		0.00000000		0.00000000		0.00000000		4.82337457		0.00000000		1000.00000000
B-5		831,000.00		5.78805	%		1000.00000000		4.82336943		0.00000000		0.00000000		0.00000000		4.82336943		0.00000000		1000.00000000
B-6		1,871,544.03		5.78805	%		1000.00000000		4.82337570		0.00000000		0.00000000		0.00000000		4.82337570		0.00000000		1000.00000000
A-R		100.00		3.91178	%		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		2.90000000		0.00000000		0.00000000

(1, 2) Amount also includes coupon cap or basis risk shortfalls, if applicable.

Per $1 denomination

Certificateholder Account Statement

Certificate Account


Beginning Balance			0.00

Deposits
Payments of Interest and Principal			14,732,503.22
Reserve Funds and Credit Enhancements			0.00
Proceeds from Repurchased Loans			0.00
Servicer Advances			26,876.62
Gains & Subsequent Recoveries (Realized Losses)			0.00
Prepayment Penalties			0.00

Total Deposits			14,759,379.84

Withdrawals
Reserve Funds and Credit Enhancements			0.00
Reimbursement for Servicer Advances			16,575.54
Total Administration Fees			72,453.35
Payment of Interest and Principal			14,670,350.95

Total Withdrawals (Pool Distribution Amount)			14,759,379.84

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

Administration Fees


Gross Servicing Fee*			70,117.26
Master Servicing Fee			2,336.09
Supported Prepayment/Curtailment Interest Shortfall			0.00


Total Administration Fees			72,453.35


*		Servicer Payees include: BANK OF AMERICA (NY); GMAC MTG CORP; MORGAN STANLEY DEAN WITTER; PHH US MTG CORP

Reserve 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		799.33		799.33		1,000.00

Collateral Statement


Collateral Description	Mixed ARM

Weighted Average Gross Coupon		6.175343	%
Weighted Average Net Coupon		5.800157	%
Weighted Average Pass-Through Rate		5.787657	%
Weighted Average Remaining Term		322

Beginning Scheduled Collateral Loan Count		689
Number of Loans Paid in Full		31
Ending Scheduled Collateral Loan Count		658

Beginning Scheduled Collateral Balance		224,264,462.34
Ending Scheduled Collateral Balance		210,675,749.66
Ending Actual Collateral Balance at 28-Apr-2006		210,675,748.95

Monthly P&I Constant		1,154,091.58
Special Servicing Fee		0.00
Prepayment Penalty Paid Amount		0.00
Prepayment Penalty Paid Count		0
Realized Loss Amount		0.00
Cumulative Realized Loss		0.00

Class A Optimal Amount		14,584,329.32

Scheduled Principal		0.01
Unscheduled Principal		13,588,712.67


Group	Pool One		Pool Two		Total

Collateral Description	Mixed ARM		6 Month LIBOR ARM		Mixed ARM
Weighted Average Coupon Rate		6.184154		6.150617		6.175343
Weighted Average Net Rate		5.809154		5.774912		5.800157
Pass-Through Rate		5.796654		5.762412		5.787657
Weighted Average Remaining Term		321		327		322
Record Date		04/28/2006		04/28/2006		04/28/2006
Principal and Interest Constant		852,083.07		302,008.51		1,154,091.58
Beginning Loan Count		506		183		689
Loans Paid in Full		23		8		31
Ending Loan Count		483		175		658
Beginning Scheduled Balance		165,341,882.51		58,922,579.83		224,264,462.34
Ending Scheduled Balance		155,612,947.18		55,062,802.48		210,675,749.66
Scheduled Principal		0.00		0.00		0.01
Unscheduled Principal		9,728,935.33		3,859,777.34		13,588,712.67
Scheduled Interest		852,083.07		302,008.50		1,154,091.57
Servicing Fee		51,669.34		18,447.92		70,117.26
Master Servicing Fee		1,722.31		613.78		2,336.09
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		798,691.42		282,946.80		1,081,638.22
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 Penalty Paid Amount		0.00		0.00		0.00
Prepayment Penalty Paid Count		0		0		0
Special Servicing Fee		0.00		0.00		0.00

Additional Reporting – Deal Level

Miscellaneous Reporting


Pro Rata Senior Percent			92.121559	%

Additional Reporting — Group Level

Miscellaneous Reporting


Group Pool One
One Month Libor Loan Balance	91,503,414.52
Six Month Libor Loan Balance	64,109,532.66
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

Loan Status Stratification/Credit Enhancement Statement



DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL

	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal					No. of		Principal
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance					Loans		Balance
0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days		0			0.00
30 Days	16		4,940,525.68		30 Days	0		0.00		30 Days	0		0.00		30 Days	0		0.00		30 Days		16			4,940,525.68
60 Days	1		95,927.50		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days		1			95,927.50
90 Days	1		122,400.00		90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00		90 Days		1			122,400.00
120 Days	0		0.00		120 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		150 Days	0		0.00		150 Days		0			0.00
180+ Days	1		429,999.99		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days		1			429,999.99

	19		5,588,853.17			0		0.00			0		0.00			0		0.00				19			5,588,853.17

	No. of	Principal				No. of	Principal				No.2 of	Principal				No. of	Principal				No. of			Principal
	Loans	Balance				Loans	Balance				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	%	0-29 Days	0.000000%		0.000000	%	0-29 Days		0.000000	%		0.000000	%
30 Days	2.431611%		2.345085	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days		2.431611	%		2.345085	%
60 Days	0.151976%		0.045533	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days		0.151976	%		0.045533	%
90 Days	0.151976%		0.058099	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days		0.151976	%		0.058099	%
120 Days	0.000000%		0.000000	%	120 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	%	150 Days	0.000000%		0.000000	%	150 Days		0.000000	%		0.000000	%
180+ Days	0.151976%		0.204105	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days		0.151976	%		0.204105	%

	2.887538%		2.652822	%		0.000000%		0.000000	%		0.000000%		0.000000	%		0.000000%		0.000000	%			2.887538	%		2.652822	%


Current Period Class A Insufficient Funds:			0.00			Principal Balance of Contaminated Properties			0.00			Periodic Advance			26,876.62

Subordination Level/Credit Enhancement/Class Percentage and Prepayment Percentage


	Original $		Original%			Current $		Current %			Current Class %			Prepayment %
Class A		17,668,544.03		4.25006956	%		17,668,544.03		8.38660551	%		91.613394	%		0.000000	%
Class B-1		10,601,544.03		2.55014219	%		10,601,544.03		5.03216153	%		3.354444	%		39.997636	%
Class B-2		6,652,544.03		1.60023230	%		6,652,544.03		3.15771703	%		1.874444	%		22.350455	%
Class B-3		4,157,544.03		1.00007399	%		4,157,544.03		1.97343265	%		1.184284	%		14.121141	%
Class B-4		2,702,544.03		0.65008187	%		2,702,544.03		1.28279787	%		0.690635	%		8.234974	%
Class B-5		1,871,544.03		0.45018946	%		1,871,544.03		0.88835285	%		0.394445	%		4.703274	%
Class B-6		0.00		0.00000000	%		0.00		0.00000000	%		0.888353	%		10.592520	%

Please refer to the prospectus supplement for a full description of loss exposure

Delinquency Status by Group



DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
*Group One*
	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal					No. of		Principal
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance					Loans		Balance
0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days		0			0.00
30 Days	13		3,569,025.68		30 Days	0		0.00		30 Days	0		0.00		30 Days	0		0.00		30 Days		13			3,569,025.68
60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days		0			0.00
90 Days	1		122,400.00		90 Days	0		0.00		90 Days	0		0.00		90 Days	0		0.00		90 Days		1			122,400.00
120 Days	0		0.00		120 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		150 Days	0		0.00		150 Days		0			0.00
180+ Days	1		429,999.99		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days	0		0.00		180+ Days		1			429,999.99

	15		4,121,425.67			0		0.00			0		0.00			0		0.00				15			4,121,425.67

	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of			Principal
	Loans	Balance				Loans	Balance				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	%	0-29 Days	0.000000%		0.000000	%	0-29 Days		0.000000	%		0.000000	%
30 Days	2.691511%		2.293527	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days		2.691511	%		2.293527	%
60 Days	0.000000%		0.000000	%	60 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	0.207039%		0.078657	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days	0.000000%		0.000000	%	90 Days		0.207039	%		0.078657	%
120 Days	0.000000%		0.000000	%	120 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	%	150 Days	0.000000%		0.000000	%	150 Days		0.000000	%		0.000000	%
180+ Days	0.207039%		0.276327	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days	0.000000%		0.000000	%	180+ Days		0.207039	%		0.276327	%

	3.105590%		2.648511	%		0.000000%		0.000000	%		0.000000%		0.000000	%		0.000000%		0.000000	%			3.105590	%		2.648511	%



DELINQUENT					BANKRUPTCY					FORECLOSURE					REO					TOTAL
*Group Two*						1.183654%
	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal					No. of		Principal
	Loans	Balance				Loans	Balance				Loans	Balance				Loans	Balance					Loans		Balance
0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days	0		0.00		0-29 Days		0			0.00
30 Days	3		1,371,500.00		30 Days	0		0.00		30 Days	0		0.00		30 Days	0		0.00		30 Days		3			1,371,500.00
60 Days	1		95,927.50		60 Days	0		0.00		60 Days	0		0.00		60 Days	0		0.00		60 Days		1			95,927.50
90 Days	0		0.00		90 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		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		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		180+ Days	0		0.00		180+ Days		0			0.00

	4		1,467,427.50			0		0.00			0		0.00			0		0.00				4			1,467,427.50

	No. of	Principal				No. of	Principal				No. of	Principal				No. of	Principal				No. of			Principal
	Loans	Balance				Loans	Balance				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	%	0-29 Days	0.000000%		0.000000	%	0-29 Days		0.000000	%		0.000000	%
30 Days	1.714286%		2.490792	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days	0.000000%		0.000000	%	30 Days		1.714286	%		2.490792	%
60 Days	0.571429%		0.174215	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days	0.000000%		0.000000	%	60 Days		0.571429	%		0.174215	%
90 Days	0.000000%		0.000000	%	90 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	%	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	%	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	%	180+ Days	0.000000%		0.000000	%	180+ Days		0.000000	%		0.000000	%

	2.285714%		2.665007	%		0.000000%		0.000000	%		0.000000%		0.000000	%		0.000000%		0.000000	%			2.285714	%		2.665007	%