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 for certificateholders of the SMT Series 2005-1, administered by Wells Fargo Bank Minnesota, N.A. It details the principal and interest payments made to holders of various classes of certificates as of September 30, 2005, with distributions occurring on October 20, 2005. The summary includes beginning balances, interest rates, distributions, and any realized losses, confirming 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 f14512bexv10w1.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: SEPTEMBER 30, 2005 DISTRIBUTION DATE: OCTOBER 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ A-1 81744FGM# SEN 4.02625% 223,913,546.17 750,523.24 A-2 81744FGN1 SEN 4.10000% 79,934,750.87 273,110.40 X-A 81744FGP6 IO 0.75394% 0.00 190,754.04 X-B 81744FGS0 IO 0.39464% 0.00 3,929.34 B-1 81744FGQ4 SUB 4.21625% 7,067,000.00 24,811.42 B-2 81744FGR2 SUB 4.49625% 3,949,000.00 14,785.22 B-3 81744FGU5 SUB 5.04625% 2,495,000.00 10,484.45 B-4 81744FGV3 SUB 4.80065% 1,455,000.00 5,816.38 B-5 81744FGW1 SUB 4.80065% 831,000.00 3,321.94 B-6 81744FGX9 SUB 4.80065% 1,871,544.03 7,481.53 A-R 81744FGT8 RES 3.94639% 0.00 0.26 -------------- ------------ Totals 321,516,841.07 1,285,018.22 ============== ============ Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Loss - ------ ------------- -------- -------------- ------------- ---------- A-1 8,001,671.55 0.00 215,911,874.62 8,752,194.79 0.00 A-2 3,487,628.79 0.00 76,447,122.08 3,760,739.19 0.00 X-A 0.00 0.00 0.00 190,754.04 0.00 X-B 0.00 0.00 0.00 3,929.34 0.00 B-1 0.00 0.00 7,067,000.00 24,811.42 0.00 B-2 0.00 0.00 3,949,000.00 14,785.22 0.00 B-3 0.00 0.00 2,495,000.00 10,484.45 0.00 B-4 0.00 0.00 1,455,000.00 5,816.38 0.00 B-5 0.00 0.00 831,000.00 3,321.94 0.00 B-6 0.00 0.00 1,871,544.03 7,481.53 0.00 A-R 0.00 0.00 0.00 0.26 0.00 ------------- ---- -------------- ------------- ---- Totals 11,489,300.34 0.00 310,027,540.73 12,774,318.56 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 Class Face Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ ------------- --------- A-1 298,055,000.00 223,913,546.17 0.00 8,001,671.55 0.00 A-2 100,000,000.00 79,934,750.87 0.00 3,487,628.79 0.00 X-A 0.00 0.00 0.00 0.00 0.00 X-B 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 B-2 3,949,000.00 3,949,000.00 0.00 0.00 0.00 B-3 2,495,000.00 2,495,000.00 0.00 0.00 0.00 B-4 1,455,000.00 1,455,000.00 0.00 0.00 0.00 B-5 831,000.00 831,000.00 0.00 0.00 0.00 B-6 1,871,544.03 1,871,544.03 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------- ---- Totals 415,723,644.03 321,516,841.07 0.00 11,489,300.34 0.00 ============== ============== ==== ============= ==== Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- ------------- -------------- ----------- ------------- A-1 0.00 8,001,671.55 215,911,874.62 0.72440279 8,001,671.55 A-2 0.00 3,487,628.79 76,447,122.08 0.76447122 3,487,628.79 X-A 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 7,067,000.00 1.00000000 0.00 B-2 0.00 0.00 3,949,000.00 1.00000000 0.00 B-3 0.00 0.00 2,495,000.00 1.00000000 0.00 B-4 0.00 0.00 1,455,000.00 1.00000000 0.00 B-5 0.00 0.00 831,000.00 1.00000000 0.00 B-6 0.00 0.00 1,871,544.03 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 ---- ------------- -------------- ---------- ------------- Totals 0.00 11,489,300.34 310,027,540.73 0.74575393 11,489,300.34 ==== ============= ============== ========== =============
(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 Certificate Principal Principal Class Face Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ ------------- ---------- A-1 298,055,000.00 751.24908547 0.00000000 26.84629196 0.00000000 A-2 100,000,000.00 799.34750870 0.00000000 34.87628790 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,067,000.00 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,949,000.00 0.00000000 0.00000000 0.00000000 0.00000000 B-3 2,495,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,455,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 831,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 1,871,544.03 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution - ------ ---------- ----------- ------------- ----------- ------------ A-1 0.00000000 26.84629196 724.40279351 0.72440279 26.84629196 A-2 0.00000000 34.87628790 764.47122080 0.76447122 34.87628790 X-A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 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 Current Certificate/ Current Unpaid Original Certificate Notional Accrued Interest Class Face Amount Rate Balance Interest Shortfall - ------ -------------- ----------- -------------- ------------ ---------- A-1 298,055,000.00 4.02625% 223,913,546.17 751,276.60 0.00 A-2 100,000,000.00 4.10000% 79,934,750.87 273,110.40 0.00 X-A 0.00 0.75394% 303,848,297.04 190,903.13 0.00 X-B 0.00 0.39464% 13,511,000.00 4,443.35 0.00 B-1 7,067,000.00 4.21625% 7,067,000.00 24,830.20 0.00 B-2 3,949,000.00 4.49625% 3,949,000.00 14,796.41 0.00 B-3 2,495,000.00 5.04625% 2,495,000.00 10,491.99 0.00 B-4 1,455,000.00 4.80065% 1,455,000.00 5,820.79 0.00 B-5 831,000.00 4.80065% 831,000.00 3,324.25 0.00 B-6 1,871,544.03 4.80065% 1,871,544.03 7,487.19 0.00 A-R 100.00 3.94639% 0.00 0.00 0.00 -------------- ------------ ---- Totals 415,723,644.03 1,286,484.51 0.00 ============== ============ ==== Non- Remaining Ending Current Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - ------ --------- --------- -------- -------------- --------- -------------- A-1 0.00 753.36 0.00 750,523.24 0.00 215,911,874.62 A-2 0.00 0.00 0.00 273,110.40 0.00 76,447,122.08 X-A 0.00 149.09 0.00 190,754.04 0.00 292,358,996.70 X-B 0.00 3.36 0.00 3,929.34 0.00 13,511,000.00 B-1 0.00 18.78 0.00 24,811.42 0.00 7,067,000.00 B-2 0.00 11.19 0.00 14,785.22 0.00 3,949,000.00 B-3 0.00 7.55 0.00 10,484.45 0.00 2,495,000.00 B-4 0.00 4.40 0.00 5,816.38 0.00 1,455,000.00 B-5 0.00 2.51 0.00 3,321.94 0.00 831,000.00 B-6 0.00 5.66 0.00 7,481.53 0.00 1,871,554.03 A-R 0.00 0.00 0.00 0.26 0.00 0.00 ---- ------ ---- ------------ ---- Totals 0.00 955.90 0.00 1,285,018.22 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 Current Unpaid Current Original Certificate Certificate/ Accrued Interest Interest Class (5) Face Amount Rate Notional Balance Interest Shortfall Shortfall - --------- -------------- ----------- ---------------- ---------- ---------- ---------- A-1 298,055,000.00 4.02625% 751.24908547 2.52059721 0.00000000 0.00000000 A-2 100,000,000.00 4.10000% 799.34750870 2.73110400 0.00000000 0.00000000 X-A 0.00 0.75394% 763.33244662 0.47958983 0.00000000 0.00000000 X-B 0.00 0.39464% 1000.00000000 0.32886907 0.00000000 0.00000000 B-1 7,067,000.00 4.21625% 1000.00000000 3.51354181 0.00000000 0.00000000 B-2 3,949,000.00 4.49625% 1000.00000000 3.74687516 0.00000000 0.00000000 B-3 2,495,000.00 5.04625% 1000.00000000 4.20520641 0.00000000 0.00000000 B-4 1,455,000.00 4.80065% 1000.00000000 4.00054296 0.00000000 0.00000000 B-5 831,000.00 4.80065% 1000.00000000 4.00054152 0.00000000 0.00000000 B-6 1,871,544.03 4.80065% 1000.00000000 4.00054173 0.00000000 0.00000000 A-R 100.00 3.94639% 0.00000000 0.00000000 0.00000000 0.00000000 Non- Remaining Supported Total Unpaid Interest Realized Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- ---------- ---------- ------------ ---------- ------------------- A-1 0.00252759 0.00000000 2.51806962 0.00000000 724.40279351 A-2 0.00000000 0.00000000 2.73110400 0.00000000 764.47122080 X-A 0.00037455 0.00000000 0.47921528 0.00000000 734.46884652 X-B 0.00024869 0.00000000 0.29082525 0.00000000 1000.00000000 B-1 0.00265742 0.00000000 3.51088439 0.00000000 1000.00000000 B-2 0.00283363 0.00000000 3.74404153 0.00000000 1000.00000000 B-3 0.00302605 0.00000000 4.20218437 0.00000000 1000.00000000 B-4 0.00302405 0.00000000 3.99751203 0.00000000 1000.00000000 B-5 0.00302046 0.00000000 3.99752106 0.00000000 1000.00000000 B-6 0.00302424 0.00000000 3.99751749 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 2.60000000 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 12,878,210.07 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 12,878,210.07 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 103,891.51 Payment of Interest and Principal 12,774,318.56 ------------- Total Withdrawals (Pool Distribution Amount) 12,878,210.07 Ending Balance 0.00 =============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 955.90 Servicing Fee Support 0.00 ------ Non-Supported Prepayment Curtailment Interest Shortfall 955.90 ======
SERVICING FEES Gross Servicing Fee 100,542.38 Master Servicing Fee 3,349.13 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 103,891.51 ==========
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 1,000.00 510.65 510.65 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 9 2,871,200.36 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 95,927.50 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 160,196.23 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 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 3,127,324.09 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 9 2,871,200.36 60 Days 0 0.00 60 Days 1 95,927.50 90 Days 0 0.00 90 Days 1 160,196.23 120 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 3,127,324.09
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 0.955414% 0.926110% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.106157% 0.030942% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.106157% 0.051672% 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% -------- -------- -------- -------- -------- -------- 1.167728% 1.008723% 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 0.955414% 0.926110% 60 Days 0.000000% 0.000000% 60 Days 0.106157% 0.030942% 90 Days 0.000000% 0.000000% 90 Days 0.106157% 0.051672% 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% 1.167728% 1.008723%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 17,668,544.03 4.25006956% 17,668,544.03 5.69902402% 94.300976% 0.000000% Class B-1 10,601,544.03 2.55014219% 10,601,544.03 3.41954912% 2.279475% 39.997636% Class B-2 6,652,544.03 1.60023230% 6,652,544.03 2.14579131% 1.273758% 22.350455% Class B-3 4,157,544.03 1.00007399% 4,157,544.03 1.34102410% 0.804767% 14.121141% Class B-4 2,702,544.03 0.65008187% 2,702,544.03 0.87171095% 0.469313% 8.234974% Class B-5 1,871,544.03 0.45018946% 1,871,544.03 0.60367025% 0.268041% 4.703274% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.603670% 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 7 2,113,779.68 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 1 160,196.23 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 --- ------------ --- ---- --- ---- 8 2,273,975.91 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 7 2,113,779.68 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 160,196.23 120 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 8 2,273,975.91
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 1.013025% 0.922475% 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 0.144718% 0.069911% 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% -------- -------- -------- -------- -------- -------- 1.157742% 0.992387% 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 1.013025% 0.922475% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.144718% 0.069911% 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% 1.157742% 0.992387%
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------- ------------------------------- ---------------------------- GROUP TWO 1.183654% No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ---------- --------- --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 2 757,420.68 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 95,927.50 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 --- ---------- --- ---- --- ---- 3 853,348.18 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 2 757,420.68 60 Days 0 0.00 60 Days 1 95,927.50 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 3 853,348.18
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 0.796813% 0.936406% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.398406% 0.118596% 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% -------- --------- -------- --------- -------- --------- 1.195219% 1.055002% 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 0.796813% 0.936406% 60 Days 0.000000% 0.000000% 60 Days 0.398406% 0.118596% 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% 1.195219% 1.055002%
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.110063% Weighted Average Net Coupon 4.734808% Weighted Average Pass-Through Rate 4.722308% Weighted Average Maturity (Stepdown Calculation) 327 Beginning Scheduled Collateral Loan Count 975 Number of Loans Paid in Full 33 Ending Scheduled Collateral Loan Count 942 Beginning Scheduled Collateral Balance 321,516,841.07 Ending Scheduled Collateral Balance 310,027,540.73 Ending Actual Collateral Balance at 30-Sept-2005 310,028,023.27 Monthly P&I Constant 1,369,142.87 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,704,079.82 Scheduled Principal 0.00 Unscheduled Principal 11,489,300.34
MISCELLANEOUS REPORTING Pro Rata Senior Percent 94.504629%
GROUP POOL ONE POOL TWO TOTAL - ------------------------------- -------------- ----------------- -------------- Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 5.105841 5.121931 5.110063 Weighted Average Net Rate 4.730670 4.746438 4.734808 Pass-Through Rate 4.718170 4.733938 4.722308 Weighted Average Maturity 326 331 327 Record Date 09/30/2005 09/30/2005 09/30/2005 Principal and Interest Constant 1,009,013.57 360,129.30 1,369,142.87 Beginning Loan Count 718 257 975 Loans Paid in Full 27 6 33 Ending Loan Count 691 251 942 Beginning Scheduled Balance 237,143,352.15 84,373,488.92 321,516,841.07 Ending Scheduled Balance 229,141,680.60 80,885,860.13 310,027,540.73 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 8,001,671.55 3,487,628.79 11,489,300.34 Scheduled Interest 1,009,013.57 360,129.30 1,369,142.87 Servicing Fee 74,141.05 26,401.33 100,542.38 Master Servicing Fee 2,470.24 878.89 3,349.13 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 932,402.28 332,849.08 1,265,251.36 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 126,680,008.77 Six Month Libor Loan Balance 102,461,671.83 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