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

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2005-1 trust. It details the interest and principal payments made to holders of various classes of certificates as of January 31, 2005, with distributions occurring on February 22, 2005. The statement summarizes the amounts distributed, current balances, and realized losses for each class of certificates, as calculated under the Pooling and Servicing Agreement. No realized losses are reported for this period, and all calculations are performed by the Certificate Administrator on behalf of the Trustee.

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EX-10.1 2 f06800dexv10w1.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: JANUARY 31, 2005 DISTRIBUTION DATE: FEBRUARY 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Class CUSIP Description Rate Certificate Balance Distribution Distribution - ------- --------- ----------- ------------ ------------------- ------------ ------------ A-1 81744FGM# SEN 2.78000% 298,055,000.00 529,378.80 2,220,370.32 A-2 81744FGN1 SEN 3.16875% 100,000,000.00 202,447.92 840,104.76 X-A 81744FGP6 IO 1.28426% 0.00 426,004.03 0.00 X-B 81744FGS0 IO 1.07704% 0.00 11,633.13 0.00 B-1 81744FGQ4 SUB 2.97000% 7,067,000.00 13,409.63 0.00 B-2 81744FGR2 SUB 3.25000% 3,949,000.00 8,199.66 0.00 B-3 81744FGU5 SUB 3.80000% 2,495,000.00 6,057.31 0.00 B-4 81744FGV3 SUB 3.49046% 1,455,000.00 4,232.19 0.00 B-5 81744FGW1 SUB 3.49046% 831,000.00 2,417.15 0.00 B-6 81744FGX9 SUB 3.49046% 1,871,544.03 5,443.80 0.00 A-R 81744FGT8 RES 3.48017% 100.00 0.97 0.00 ------------ ------------------- ------------ ------------ Totals 415,723,644.03 1,209,224.59 3,060,575.08 ------------------- ------------ ------------ Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ------- --------- ------------- ------------------ ------------ ------------- A-1 81744FGM# 0.00 295,834,629.68 2,749,749.12 0.00 A-2 81744FGN1 0.00 99,159,895.24 1,042,552.68 0.00 X-A 81744FGP6 0.00 0.00 426,004.03 0.00 X-B 81744FGS0 0.00 0.00 11,633.13 0.00 B-1 81744FGQ4 0.00 7,067,000.00 13,409.63 0.00 B-2 81744FGR2 0.00 3,949,000.00 8,199.66 0.00 B-3 81744FGU5 0.00 2,495,000.00 6,057.31 0.00 B-4 81744FGV3 0.00 1,455,000.00 4,232.19 0.00 B-5 81744FGW1 0.00 831,000.00 2,417.15 0.00 B-6 81744FGX9 0.00 1,871,544.03 5,443.80 0.00 A-R 81744FGT8 0.00 0.00 100.97 0.00 ------------- ------------------ ------------ ------------- Totals 0.00 412,663,068.95 4,269,799.67 0.00 ------------- ------------------ ------------ -------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) - ----- -------------- -------------- ------------ ------------ --------- -------- A-1 298,055,000.00 298,055,000.00 0.00 2,220,370.32 0.00 0.00 A-2 100,000,000.00 100,000,000.00 0.00 840,104.76 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 100.00 100.00 0.00 100.00 0.00 0.00 -------------- -------------- ------------ ------------ --------- -------- Totals 415,723,644.03 415,723,644.03 0.00 3,060,575.08 0.00 0.00 -------------- -------------- ------------ ------------ --------- -------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ ---------------- A-1 2,220,370.32 295,834,629.68 0.99255047 2,220,370.32 A-2 840,104.76 99,159,895.24 0.99159895 840,104.76 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 100.00 0.00 0.00000000 100.00 --------------- ------------------ ------------------ ---------------- Totals 3,060,575.08 412,663,068.95 0.99263796 3,060,575.08 --------------- ------------------ ------------------ ----------------
(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 1000.00000000 0.00000000 7.44953220 0.00000000 0.00000000 A-2 100,000,000.00 1000.00000000 0.00000000 8.40104760 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 1000.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 Ending Total Principal Ending Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ----------- --------------- A-1 7.44953220 992.55046780 0.99255047 7.44953220 A-2 8.40104760 991.59895240 0.99159895 8.40104760 X-A 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 0.00000000 0.00000000 B-2 0.00000000 0.00000000 0.00000000 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 1000.00000000 0.00000000 0.00000000 1000.00000000
(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- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------ -------------- ----------- -------------- ------------ ---------- --------- --------- -------- A-1 298,055,000.00 2.78000% 298,055,000.00 529,378.80 0.00 0.00 0.00 0.00 A-2 100,000,000.00 3.16875% 100,000,000.00 202,447.92 0.00 0.00 0.00 0.00 X-A 0.00 1.28426% 398,055,000.00 426,004.03 0.00 0.00 0.00 0.00 X-B 0.00 1.07704% 13,511,000.00 12,126.53 0.00 0.00 0.00 0.00 B-1 7,067,000.00 2.97000% 7,067,000.00 13,409.63 0.00 0.00 0.00 0.00 B-2 3,949,000.00 3.25000% 3,949,000.00 8,199.66 0.00 0.00 0.00 0.00 B-3 2,495,000.00 3.80000% 2,495,000.00 6,057.31 0.00 0.00 0.00 0.00 B-4 1,455,000.00 3.49046% 1,455,000.00 4,232.19 0.00 0.00 0.00 0.00 B-5 831,000.00 3.49046% 831,000.00 2,417.15 0.00 0.00 0.00 0.00 B-6 1,871,544.03 3.49046% 1,871,544.03 5,443.80 0.00 0.00 0.00 0.00 A-R 100.00 3.48017% 100.00 0.22 0.00 0.00 0.00 0.00 -------------- ------------ ---------- --------- --------- -------- Totals 415,723,644.03 1,209,717.24 0.00 0.00 0.00 0.00 -------------- ------------ ---------- --------- --------- -------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 529,378.80 0.00 295,834,629.68 A-2 202,447.92 0.00 99,159,895.24 X-A 426,004.03 0.00 394,994,524.92 X-B 11,633.13 0.00 13,511,000.00 B-1 13,409.63 0.00 7,067,000.00 B-2 8,199.66 0.00 3,949,000.00 B-3 6,057.31 0.00 2,495,000.00 B-4 4,232.19 0.00 1,455,000.00 B-5 2,417.15 0.00 831,000.00 B-6 5,443.80 0.00 1,871,544.03 A-R 0.97 0.00 0.00 -------------- --------- Totals 1,209,717.24 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 2.78000% 1000.00000000 1.77611112 0.00000000 0.00000000 0.00000000 0.00000000 A-2 100,000,000.00 3.16875% 1000.00000000 2.02447920 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 1.28426% 1000.00000000 1.07021399 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.07704% 1000.00000000 0.89753016 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,067,000.00 2.97000% 1000.00000000 1.89749965 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,949,000.00 3.25000% 1000.00000000 2.07638896 0.00000000 0.00000000 0.00000000 0.00000000 B-3 2,495,000.00 3.80000% 1000.00000000 2.42777956 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,455,000.00 3.49046% 1000.00000000 2.90872165 0.00000000 0.00000000 0.00000000 0.00000000 B-5 831,000.00 3.49046% 1000.00000000 2.90872443 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,871,544.03 3.49046% 1000.00000000 2.90872131 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.48017% 1000.00000000 2.20000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - --------- -------------- ---------- ------------------- A-1 1.77611112 0.00000000 992.55046780 A-2 2.02447920 0.00000000 991.59895240 X-A 1.07021399 0.00000000 992.31142661 X-B 0.86101177 0.00000000 1000.00000000 B-1 1.89749965 0.00000000 1000.00000000 B-2 2.07638896 0.00000000 1000.00000000 B-3 2.42777956 0.00000000 1000.00000000 B-4 2.90872165 0.00000000 1000.00000000 B-5 2.90872443 0.00000000 1000.00000000 B-6 2.90872131 0.00000000 1000.00000000 A-R 9.70000000 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 4,402,296.97 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,815.13 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 4,404,112.10 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 134,312.45 Payment of Interest and Principal 4,269,799.65 ------------ Total Withdrawals (Pool Distribution Amount) 4,404,112.10 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 129,982.00 Master Servicing Fee 4,330.45 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 134,312.45 ==========
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 1,000.00 493.41 493.41 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 3 665,008.00 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 -------- ---------- 3 665,008.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.250627% 0.161149% 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% -------- ---------- 0.250627% 0.161149%
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 3 665,008.00 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 -------- ---------- 3 665,008.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.250627% 0.161149% 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% -------- ---------- 0.250627% 0.161149%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,815.13
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 17,668,544.03 4.25006956% 17,668,544.03 4.28159081% 95.718409% 0.000000% Class B-1 10,601,544.03 2.55014219% 10,601,544.03 2.56905568% 1.712535% 39.997636% Class B-2 6,652,544.03 1.60023230% 6,652,544.03 1.61210065% 0.956955% 22.350455% Class B-3 4,157,544.03 1.00007399% 4,157,544.03 1.00749118% 0.604609% 14.121141% Class B-4 2,702,544.03 0.65008187% 2,702,544.03 0.65490329% 0.352588% 8.234974% Class B-5 1,871,544.03 0.45018946% 1,871,544.03 0.45352836% 0.201375% 4.703274% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.453528% 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 3 665,008.00 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 -------- ---------- 3 665,008.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.337458% 0.215167% 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% -------- ---------- 0.337458% 0.215167%
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 3 665,008.00 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 -------- ---------- 3 665,008.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.337458% 0.215167% 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% -------- ---------- 0.337458% 0.215167%
DELINQUENT GROUP TWO
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%
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 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%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 3.878163% Weighted Average Net Coupon 3.502966% Weighted Average Pass-Through Rate 3.490466% Weighted Average Maturity (Stepdown Calculation) 335 Beginning Scheduled Collateral Loan Count 1,201 Number of Loans Paid in Full 4 Ending Scheduled Collateral Loan Count 1,197 Beginning Scheduled Collateral Balance 415,723,644.03 Ending Scheduled Collateral Balance 412,663,068.95 Ending Actual Collateral Balance at 31-Jan-2005 412,667,033.05 Monthly P&I Constant 1,343,536.84 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,217,912.64 Scheduled Principal 0.00 Unscheduled Principal 3,060,575.08
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.75
GROUP POOL ONE POOL TWO TOTAL Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.867798 3.909057 3.878163 Weighted Average Net Rate 3.492668 3.533660 3.502966 Pass-Through Rate 3.480168 3.521160 3.490466 Weighted Average Maturity 334 339 335 Record Date 01/31/2005 01/31/2005 01/31/2005 Principal and Interest Constant 1,003,322.65 340,214.19 1,343,536.84 Beginning Loan Count 892 309 1,201 Loans Paid in Full 3 1 4 Ending Loan Count 889 308 1,197 Beginning Scheduled Balance 311,284,908.98 104,438,738.05 415,723,647.03 Ending Scheduled Balance 309,064,435.66 103,598,633.29 412,663,068.95 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 2,220,470.32 840,104.76 3,060,575.08 Scheduled Interest 1,003,322.65 340,214.19 1,343,536.84 Servicing Fee 97,310.28 32,671.72 129,982.00 Master Servicing Fee 3,242.55 1,087.90 4,330.45 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 902,769.82 306,454.57 1,209,224.39 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 158,248,654.84 Six Month Libor Loan Balance 150,815,780.82 Senior Percent 0.000000% Senior Prepayment Percent 0.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Group Pool Two Senior Percent 0.000000% Senior Prepayment Percent 0.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Principal Transfer Amount 0.00 Interest Transfer Amount 0.00