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

Summary

This document is a distribution summary for certificateholders of the SMT Series 2005-1, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of June 30, 2005, with distributions occurring on July 20, 2005. The summary includes beginning and ending balances, distribution amounts, and rates for each class, as well as confirmation that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

EX-10.1 2 f11512bexv10w1.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: JUNE 30, 2005 DISTRIBUTION DATE: JULY 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Class CUSIP Description Rate Balance Distribution Distribution Realized Los - ----- --------- ----------- ------------- -------------- ------------ ------------- ------------- A-1 81744FGM# SEN 3.49000% 264,852,944.43 764,420.65 11,980,176.97 0.00 A-2 81744FGN1 SEN 3.16875% 93,209,559.89 246,131.49 6,472,747.97 0.00 X-A 81744FGP6 IO 0.86680% 0.00 257,338.04 0.00 0.00 X-B 81744FGS0 IO 0.40158% 0.00 4,002.52 0.00 0.00 B-1 81744FGQ4 SUB 3.68000% 7,067,000.00 21,547.71 0.00 0.00 B-2 81744FGR2 SUB 3.96000% 3,949,000.00 12,956.88 0.00 0.00 B-3 81744FGU5 SUB 4.51000% 2,495,000.00 9,326.04 0.00 0.00 B-4 81744FGV3 SUB 4.27291% 1,455,000.00 5,151.15 0.00 0.00 B-5 81744FGW1 SUB 4.27291% 831,000.00 2,942.00 0.00 0.00 B-6 81744FGX9 SUB 4.27291% 1,871,544.03 6,625.85 0.00 0.00 A-R 81744FGT8 RES 3.97192% 0.00 0.38 0.00 0.00 -------------- ------------ ------------- ------ Totals 375,731,048.35 1,330,442.71 18,452,924.94 0.00 -------------- ------------ ------------- ------ Ending Certificate Total Cumulative Class Balance Distribution Realized Loss - ----- -------------- ------------- ------------- A-1 252,872,767.46 12,744,597.62 0.00 A-2 86,736,811.92 6,718,879.46 0.00 X-A 0.00 257,338.04 0.00 X-B 0.00 4,002.52 0.00 B-1 7,067,000.00 21,547.71 0.00 B-2 3,949,000.00 12,956.88 0.00 B-3 2,495,000.00 9,326.04 0.00 B-4 1,455,000.00 5,151.15 0.00 B-5 831,000.00 2,942.00 0.00 B-6 1,871,544.03 6,625.85 0.00 A-R 0.00 0.38 0.00 -------------- ------------- ------ Totals 357,278,123.41 19,783,367.65 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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ----- --------------- -------------- ------------ ------------- --------- -------- ------------- A-1 298,055,000.00 264,852,944.43 0.00 11,980,176.97 0.00 0.00 11,980,176.97 A-2 100,000,000.00 93,209,559.89 0.00 6,472,747.97 0.00 0.00 6,472,747.97 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 415,723,644.03 375,731,048.35 0.00 18,452,924.94 0.00 0.00 18,452,924.94 --------------- -------------- ----- ------------- ------ ----- ------------- Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ----- -------------- ----------- --------------- A-1 252,872,767.46 0.84840975 11,980,176.97 A-2 86,736,811.92 0.86736812 6,472,747.97 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 357,278,123.41 0.85941257 18,452,924.94 - ------ -------------- ---------- -------------
(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-1 298,055,000.00 888.60426576 0.00000000 40.19451769 0.00000000 0.00000000 40.19451769 A-2 100,000,000.00 932.09559890 0.00000000 64.72747970 0.00000000 0.00000000 64.72747970 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-1 848.40974807 0.84840975 40.19451769 A-2 867.36811920 0.86736812 64.72747970 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-Supported Current Certificate/ Current Unpaid Current Interest Original Face Certificate Notional Accrued Interest Interest Shortfall Realized Class Amount Rate Balance Interest Shortfall Shortfall Loss (4) - ----- ---------------- ------------ -------------- ------------ ----------- ----------- ------------- -------- A-1 298,055,000.00 3.49000% 264,852,944.43 770,280.65 0.00 0.00 5,860.00 0.00 A-2 100,000,000.00 3.16875% 93,209,559.89 246,131.49 0.00 0.00 0.00 0.00 X-A 0.00 0.86680% 358,062,504.32 258,640.21 0.00 0.00 1,302.17 0.00 X-B 0.00 0.40158% 13,511,000.00 4,521.44 0.00 0.00 25.96 0.00 B-1 7,067,000.00 3.68000% 7,067,000.00 21,672.13 0.00 0.00 124.42 0.00 B-2 3,949,000.00 3.96000% 3,949,000.00 13,031.70 0.00 0.00 74.82 0.00 B-3 2,495,000.00 4.51000% 2,495,000.00 9,377.04 0.00 0.00 51.00 0.00 B-4 1,455,000.00 4.27291% 1,455,000.00 5,180.90 0.00 0.00 29.74 0.00 B-5 831,000.00 4.27291% 831,000.00 2,958.99 0.00 0.00 16.99 0.00 B-6 1,871,544.03 4.27291% 1,871,544.03 6,664.11 0.00 0.00 38.26 0.00 A-R 100.00 3.97192% 0.00 0.00 0.00 0.00 0.00 0.00 - ------ ---------------- ---------- -------------- ------------ ----- ------ --------- ------ Totals 415,723,644.03 1,338,458.66 0.00 0.00 7,523.36 0.00 - ------ ---------------- ---------- -------------- ------------ ----- ------ --------- ------ Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- --------------- ---------- --------------- A-1 764,420.65 0.00 252,872,767.46 A-2 246,131.49 0.00 86,736,811.92 X-A 257,338.04 0.00 339,609,579.38 X-B 4,002.52 0.00 13,511,000.00 B-1 21,547.71 0.00 7,067,000.00 B-2 12,956.88 0.00 3,949,000.00 B-3 9,326.04 0.00 2,495,000.00 B-4 5,151.15 0.00 1,455,000.00 B-5 2,942.00 0.00 831,000.00 B-6 6,625.85 0.00 1,871,544.03 A-R 0.38 0.00 0.00 - ------ ------------- ----- -------------- Totals 1,330,442.71 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 Current Beginning Unpaid Current Non-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 3.49000% 888.60426576 2.58435742 0.00000000 0.00000000 0.01966080 0.00000000 A-2 100,000,000.00 3.16875% 932.09559890 2.46131490 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.86680% 899.53022653 0.64975998 0.00000000 0.00000000 0.00327133 0.00000000 X-B 0.00 0.40158% 1000.00000000 0.33464880 0.00000000 0.00000000 0.00192140 0.00000000 B-1 7,067,000.00 3.68000% 1000.00000000 3.06666619 0.00000000 0.00000000 0.01760577 0.00000000 B-2 3,949,000.00 3.96000% 1000.00000000 3.30000000 0.00000000 0.00000000 0.01894657 0.00000000 B-3 2,495,000.00 4.51000% 1000.00000000 3.75833267 0.00000000 0.00000000 0.02044088 0.00000000 B-4 1,455,000.00 4.27291% 1000.00000000 3.56074501 0.00000000 0.00000000 0.02043986 0.00000000 B-5 831,000.00 4.27291% 1000.00000000 3.56075812 0.00000000 0.00000000 0.02044525 0.00000000 B-6 1,871,544.03 4.27291% 1000.00000000 3.56075513 0.00000000 0.00000000 0.02044301 0.00000000 A-R 100.00 3.97192% 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 2.56469662 0.00000000 848.40974807 A-2 2.46131490 0.00000000 867.36811920 X-A 0.64648865 0.00000000 853.17249973 X-B 0.29624158 0.00000000 1000.00000000 B-1 3.04906042 0.00000000 1000.00000000 B-2 3.28105343 0.00000000 1000.00000000 B-3 3.73789178 0.00000000 1000.00000000 B-4 3.54030928 0.00000000 1000.00000000 B-5 3.54031288 0.00000000 1000.00000000 B-6 3.54031211 0.00000000 1000.00000000 A-R 3.80000000 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 19,882,550.78 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 22,215.06 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 19,904,765.84 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 121,398.19 Payment of Interest and Principal 19,783,367.65 ------------- Total Withdrawals (Pool Distribution Amount) 19,904,765.84 Ending Balance 0.00 =============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 7,523.36 Servicing Fee Support 0.00 -------- Non-Supported Prepayment Curtailment Interest Shortfall 7,523.36 ========
SERVICING FEES Gross Servicing Fee 117,484.32 Master Servicing Fee 3,913.87 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 121,398.19 ==========
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 1,000.00 492.96 492.96 1,000.00
\ Loan Status Stratification/Credit Enhancement Statement DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 10 6,364,426.46 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 10 6,364,426.46
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.932836% 1.781361% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.932836% 1.781361%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 10 6,364,426.46 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 10 6,364,426.46
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.932836% 1.781361% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.932836% 1.781361%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 22,215.06
Original $ Original% Current $ Current % Current Class % Prepayment % Class A 17,668,544.03 4.25006956% 17,668,544.03 4.94531931% 95.054681% 0.000000% Class B-1 10,601,544.03 2.55014219% 10,601,544.03 2.96730847% 1.978011% 39.997636% Class B-2 6,652,544.03 1.60023230% 6,652,544.03 1.86200710% 1.105301% 22.350455% Class B-3 4,157,544.03 1.00007399% 4,157,544.03 1.16367159% 0.698336% 14.121141% Class B-4 2,702,544.03 0.65008187% 2,702,544.03 0.75642584% 0.407246% 8.234974% Class B-5 1,871,544.03 0.45018946% 1,871,544.03 0.52383393% 0.232592% 4.703274% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.523834% 10.592520%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT GROUP ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 5 3,552,641.85 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 5 3,552,641.85
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.628141% 1.335061% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.628141% 1.335061%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 5 3,552,641.85 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ------------ 5 3,552,641.85
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.628141% 1.335061% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.628141% 1.335061%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 5 2,811,784.61 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ------------ 5 2,811,784.61
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.811594% 3.083920% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.811594% 3.083920%
BANKRUPTCY 1.183654%
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 5 2,811,784.61 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ------------ 5 2,811,784.61
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.811594% 3.083920% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.811594% 3.083920%
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.660567% Weighted Average Net Coupon 4.285349% Weighted Average Pass-Through Rate 4.272849% Weighted Average Maturity (Stepdown Calculation) 330 Beginning Scheduled Collateral Loan Count 1,118 Number of Loans Paid in Full 46 Ending Scheduled Collateral Loan Count 1,072 Beginning Scheduled Collateral Balance 375,731,048.35 Ending Scheduled Collateral Balance 357,278,123.41 Ending Actual Collateral Balance at 30-June-2005 357,278,906.05 Monthly P&I Constant 1,459,266.46 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 19,727,484.33 Scheduled Principal 0.00 Unscheduled Principal 18,452,924.94
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.297556%
GROUP POOL ONE POOL TWO TOTAL Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.652794 4.682704 4.660567 Weighted Average Net Rate 4.277648 4.307278 4.285349 Pass-Through Rate 4.265148 4.294778 4.272849 Weighted Average Maturity 329 334 330 Record Date 06/30/2005 06/30/2005 06/30/2005 Principal and Interest Constant 1,078,218.08 381,048.38 1,459,266.46 Beginning Loan Count 827 291 1,118 Loans Paid in Full 31 15 46 Ending Loan Count 796 276 1,072 Beginning Scheduled Balance 278,082,750.41 97,648,297.94 375,731,048.35 Ending Scheduled Balance 266,102,573.44 91,175,549.97 357,278,123.41 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 11,980,176.97 6,472,747.97 18,452,924.94 Scheduled Interest 1,078,218.08 381,048.38 1,459,266.46 Servicing Fee 89,934.61 30,549.71 117,484.32 Master Servicing Fee 2,896.70 1,017.17 3,913.87 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 988,386.77 349,481.50 1,337,868.27 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 141,821,189.16 Six Month Libor Loan Balance 124,281,384.28 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