SMT Series 2005-2 Certificateholder Distribution Statement by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2005-2 trust. It summarizes the principal and interest payments made to holders of various classes of certificates as of March 31, 2005, with distributions occurring on April 20, 2005. The statement details the amounts distributed, remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 2 f08876iexv10w1.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 2005-2 RECORD DATE: MARCH 31, 2005 DISTRIBUTION DATE: APRIL 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Class CUSIP Description Rate Balance Distribution Distribution Realized Loss ----- ----- ----------- ------------ -------------- ------------ ------------ ------------- A-1 81744FGY7 SEN 3.07000% 199,387,713.73 509,554.92 2,272,161.02 0.00 A-2 81744FGZ4 SEN 3.36000% 126,179,209.78 353,301.79 3,660,686.92 0.00 A-R 81744FHJ9 REZ 3.79455% 0.00 0.45 0.00 0.00 X-A 81744FHD2 IO 0.56961% 0.00 154,419.19 0.00 0.00 B-1 81744FHA8 SUB 3.24000% 6,016,000.00 16,232.51 0.00 0.00 B-2 81744FHB6 SUB 3.52000% 3,266,000.00 9,573.96 0.00 0.00 X-B 81744FHE0 IO 0.41345% 0.00 3,195.91 0.00 0.00 B-3 81744FHC4 SUB 3.75197% 1,890,000.00 5,905.46 0.00 0.00 B-4 81744FHF7 SUB 3.75197% 1,231,000.00 3,846.36 0.00 0.00 B-5 81744FHG5 SUB 3.75197% 687,000.00 2,146.59 0.00 0.00 B-6 81744FHH3 SUB 3.75197% 1,549,605.55 4,841.87 0.00 0.00 -------------- ------------ ------------ ---- Totals 340,206,529.06 1,063,019.01 5,932,847.94 0.00 -------------- ------------ ------------ ---- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss ----- ----- ----------- ------------ ------------- A-1 81744FGY7 197,115,522.71 2,781,715.94 0.00 A-2 81744FGZ4 122,518,522.86 4,013,988.71 0.00 A-R 81744FHJ9 0.00 0.45 0.00 X-A 81744FHD2 0.00 154,419.19 0.00 B-1 81744FHA8 6,016,000.00 16,232.51 0.00 B-2 81744FHB6 3,266,000.00 9,573.96 0.00 X-B 81744FHE0 0.00 3,195.91 0.00 B-3 81744FHC4 1,890,000.00 5,905.46 0.00 B-4 81744FHF7 1,231,000.00 3,846.36 0.00 B-5 81744FHG5 687,000.00 2,146.59 0.00 B-6 81744FHH3 1,549,605.55 4,841.87 0.00 -------------- ------------ ---- Totals 334,273,681.12 6,995,866.95 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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction ----- -------------- -------------- ------------ ------------ --------- -------- --------------- A-1 202,462,000.00 199,387,713.73 607.14 2,271,553.88 0.00 0.00 2,272,161.02 A-2 126,737,000.00 126,179,209.78 480.04 3,660,206.88 0.00 0.00 3,660,686.92 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 6,016,000.00 6,016,000.00 0.00 0.00 0.00 0.00 0.00 B-2 3,266,000.00 3,266,000.00 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-3 1,890,000.00 1,890,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,231,000.00 1,231,000.00 0.00 0.00 0.00 0.00 0.00 B-5 687,000.00 687,000.00 0.00 0.00 0.00 0.00 0.00 B-6 1,549,605.55 1,549,605.55 0.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------ ---- ---- ------------ Totals 343,838,705.55 340,260,529.06 1,087.18 5,931,760.76 0.00 0.00 5,932,847.94 -------------- -------------- -------- ------------ ---- ---- ------------ Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution ----- -------------- ----------- --------------- A-1 197,115,552.71 0.97359284 2,272,161.02 A-2 122,518,522.86 0.96671472 3,660,686.92 A-R 0.00 0.00000000 0.00 X-A 0.00 0.00000000 0.00 B-1 6,016,000.00 1.00000000 0.00 B-2 3,266,000.00 1.00000000 0.00 X-B 0.00 0.00000000 0.00 B-3 1,890,000.00 1.00000000 0.00 B-4 1,231,000.00 1.00000000 0.00 B-5 687,000.00 1.00000000 0.00 B-6 1,549,605.55 1.00000000 0.00 -------------- ---------- ------------ Totals 334,273,681.12 0.97218165 5,932,847.94 -------------- ---------- ------------
(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-1 202,462,000.00 984.81548997 0.00299878 11.21965544 0.00000000 0.00000000 11.22265423 A-2 126,737,000.00 995.59883680 0.00378769 28.88033392 0.00000000 0.00000000 28.88412161 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,016,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,266,000.00 1000.00000000 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-3 1,890,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,231,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,549,605.55 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ----- ------------- ----------- --------------- A-1 973.59283574 0.97359284 11.22265423 A-2 966.71471520 0.96671472 28.88412161 A-R 0.00000000 0.00000000 0.00000000 X-A 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 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
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ----- ------ ---------------- -------------- ------------ ---------- --------- --------- -------- A-1 202,462,000.00 3.07000% 199,387,713.73 510,100.23 0.00 0.00 545.31 0.00 A-2 126,737,000.00 3.36000% 126,179,209.78 353,301.79 0.00 0.00 0.00 0.00 A-R 100.00 3.79455% 0.00 0.00 0.00 0.00 0.00 0.00 X-A 0.00 0.56961% 325,566,923.51 154,539.51 0.00 0.00 120.32 0.00 B-1 6,016,000.00 3.24000% 6,016,000.00 16,243.20 0.00 0.00 10.69 0.00 B-2 3,266,000.00 3.52000% 3,266,000.00 9,580.27 0.00 0.00 6.31 0.00 X-B 0.00 0.41345% 9,282,000.00 3,198.01 0.00 0.00 2.11 0.00 B-3 1,890,000.00 3.75197% 1,890,000.00 5,909.35 0.00 0.00 3.89 0.00 B-4 1,231,000.00 3.75197% 1,231,000.00 3,848.89 0.00 0.00 2.53 0.00 B-5 687,000.00 3.75197% 687,000.00 2,148.00 0.00 0.00 1.41 0.00 B-6 1,549,605.55 3.75197% 1,549,605.55 4,485.06 0.00 0.00 3.19 0.00 -------------- ------- -------------- ------------ ---- ---- ------ ---- Totals 343,838,705.55 1,063,714.31 0.00 0.00 695.76 0.00 -------------- ------- -------------- ------------ ---- ---- ------ ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance ----- -------------- --------- -------------- A-1 509,554.92 0.00 197,115,552.71 A-2 353,301.79 0.00 122,518,522.86 A-R 0.45 0.00 0.00 X-A 154,419.19 0.00 319,634,075.57 B-1 16,232.51 0.00 6,016,000.00 B-2 9,573.96 0.00 3,266,000.00 X-B 3,195.91 0.00 9,282,000.00 B-3 5,905.46 0.00 1,890,000.00 B-4 3,846.36 0.00 1,231,000.00 B-5 2,146.59 0.00 687,000.00 B-6 4,841.87 0.00 1,549,605.55 ------------ ---- -------------- Totals 1,063,019.01 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 Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- ---------- A-1 202,462,000.00 3.07000% 984.51548997 2.51948627 0.00000000 0.00000000 0.00269339 0.00000000 A-2 126,737,000.00 3.36000% 995.59883680 2.78767676 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.79455% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.56961% 988.96692733 0.46944101 0.00000000 0.00000000 0.00036549 0.00000000 B-1 6,016,000.00 3.24000% 1000.00000000 2.70000000 0.00000000 0.00000000 0.00177693 0.00000000 B-2 3,266,000.00 3.52000% 1000.00000000 2.93333435 0.00000000 0.00000000 0.00193203 0.00000000 X-B 0.00 0.41345% 1000.00000000 0.34453889 0.00000000 0.00000000 0.00022732 0.00000000 B-3 1,890,000.00 3.75197% 1000.00000000 3.12664021 0.00000000 0.00000000 0.00205820 0.00000000 B-4 1,231,000.00 3.75197% 1000.00000000 3.12663688 0.00000000 0.00000000 0.00205524 0.00000000 B-5 687,000.00 3.75197% 1000.00000000 3.12663755 0.00000000 0.00000000 0.00205240 0.00000000 B-6 1,549,605.55 3.75197% 1000.00000000 3.12664084 0.00000000 0.00000000 0.00205859 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ---------- ------------------- A-1 2.51679288 0.00000000 973.59283574 A-2 2.78767676 0.00000000 966.71471520 A-R 4.50000000 0.00000000 0.00000000 X-A 0.46907551 0.00000000 970.94485576 B-1 2.69822307 0.00000000 1000.00000000 B-2 2.93140233 0.00000000 1000.00000000 X-B 0.34431265 0.00000000 1000.00000000 B-3 3.12458201 0.00000000 1000.00000000 B-4 3.12458164 0.00000000 1000.00000000 B-5 3.12458515 0.00000000 1000.00000000 B-6 3.12458225 0.00000000 1000.00000000
(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 7,109,300.03 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 7,109,300.03 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 113,433.08 Payment of Interest and Principal 6,995,866.95 ------------ Total Withdrawals (Pool Distribution Amount) 7,109,300.03 Ending Balance 0.00 ============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 695.76 Servicing Fee Support 0.00 ------ Non-Supported Prepayment Curtailment Interest Shortfall 695.76 ======
SERVICING FEES Gross Servicing Fee 108,471.74 Master Servicing Fee 4,961.34 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 113,433.08 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------ --------- ----------- -------- ------- Reserve Fund 4,500.00 0.00 0.00 4,500.00 Reserve Fund 4,500.00 0.00 0.00 4,500.00 Reserve Fund 1,000.00 0.00 0.00 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 17 5,664,729.87 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------- ------------ -------- -------- -------- -------- 17 5,664,729.87 0 0.00 0 0.00 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 1.868132% 1.694624% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ -------- -------- -------- -------- 1.868132% 1.694624% 0.000000% 0.000000% 0.000000% 0.000000% 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 17 5,664,729.87 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- -------- -------- ------------ 0 0.00 17 5,664,729.87 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 1.868132% 1.694624% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 1.868132% 1.694624%
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 14,639,605.55 4.25769563% 14,639,605.55 4.37952683% 95.620473% 0.000000% Class B-1 8,623,605.55 2.50803805% 8,623,605.55 2.57980393% 1.799723% 41.094003% Class B-2 5,357,605.55 1.55817407% 5,357,605.55 1.60276021% 0.977044% 22.309344% Class B-3 3,467,605.55 1.00849773% 3,467,605.55 1.03735524% 0.565405% 12.910184% Class B-4 2,236,605.55 0.65048103% 2,236,605.55 0.66909412% 0.368261% 8.408697% Class B-5 1,549,605.55 0.45067804% 1,549,605.55 0.46357390% 0.205520% 4.692749% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.463574% 10.585023%
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 11 2,943,693.44 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- ------------ --------- --------- -------- -------- 11 2,943,693.44 0 0.00 0 0.00 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 2.010969% 1.428069% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ -------- -------- -------- -------- 2.010969% 1.428069% 0.000000% 0.000000% 0.000000% 0.000000% 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 11 2,943,693.44 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- -------- -------- ------------ 0 0.00 11 2,943,693.44 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 2.010969% 1.428069% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- ------------ 0.000000% 0.000000% 2.010969% 1.428069%
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 6 2,721,036.43 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- ------------ -------- -------- -------- -------- 6 2,721,036.43 0 0.00 0 0.00 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 1.652893% 2.123398% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ -------- -------- -------- -------- 1.652893% 2.123398% 0.000000% 0.000000% 0.000000% 0.000000% 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 6 2,721,036.43 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- -------- -------- ------------ 0 0.00 6 2,721,036.43 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 1.652893% 2.123398% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- ------------ 0.000000% 0.000000% 1.652893% 2.123398%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 4.152117% Weighted Average Net Coupon 3.769508% Weighted Average Pass-Through Rate 3.752008% Weighted Average Maturity (Stepdown Calculation) 336 Beginning Scheduled Collateral Loan Count 925 Number of Loans Paid in Full 15 Ending Scheduled Collateral Loan Count 910 Beginning Scheduled Collateral Balance 340,206,529.06 Ending Scheduled Collateral Balance 334,273,681.12 Ending Actual Collateral Balance at 31-Mar-2005 334,276,427.70 Monthly P&I Constant 1,178,234.87 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 6,950,789.47 Scheduled Principal 1,087.18 Unscheduled Principal 5,931,760.76
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.696848% Pro Rata Subordinate Percent 4.303152%
GROUP ONE TWO TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.147531% 4.162213 4.152117 Weighted Average Net Rate 3.764862% 3.776853 3.769508 Pass-Through Rate 3.747362% 3.759353 3.752008 Weighted Average Maturity 333 341 336 Record Date 03/31/2005 03/31/2005 03/31/2005 Principal and Interest Constant 720,588.54 457,646.33 1,178,234.87 Beginning Loan Count 553 372 925 Loans Paid in Full 6 9 15 Ending Loan Count 547 363 910 Beginning Scheduled Balance 208,401,766.68 131,804,762.38 340,206,529.06 Ending Scheduled Balance 206,129,605.66 128,144,075.46 334,273,681.12 Scheduled Principal 607.14 480.04 1,087.18 Unscheduled Principal 2,271,553.88 3,660,206.88 5,931,760.76 Scheduled Interest 719,981.40 457,166.29 1,177,147.69 Servicing Fee 66,144.78 42,326.96 108,471.74 Master Servicing Fee 3,039.19 1,922.15 4,961.34 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 650,797.43 412,917.18 1,063,714.61 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 0ne One Month Libor Loan Balance 108,290,608.13 Principal Transfer Amount 0.00 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Interest Transfer Amount 0.00 Group Two Six-Month Libor Loan Balance 97,838,997.53 Principal Transfer Amount 0.00 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Interest Transfer Amount 0.00