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

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2005-2 trust. It details the principal and interest payments made to certificateholders as of August 31, 2005, with distributions occurring on September 20, 2005. The statement lists the classes of certificates, their balances, interest rates, and the amounts distributed, as well as any realized losses. All calculations are made in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 2 f13148bexv10w1.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: AUGUST 31, 2005 DISTRIBUTION DATE: SEPTEMBER 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ A-1 81744FGY7 SEN 3.82938% 170,257,224.51 527,890.75 A-2 81744FGZ4 SEN 4.29000% 101,753,949.55 363,770.37 A-R 81744FHJ9 REZ 4.09652% 0.00 0.26 X-A 81744FHD2 IO 0.77841% 0.00 172,809.53 B-1 81744FHA8 SUB 3.99938% 6,016,000.00 19,701.76 B-2 81744FHB6 SUB 4.27938% 3,266,000.00 11,444.63 X-B 81744FHE0 IO 0.68335% 0.00 5,193.89 B-3 81744FHC4 SUB 4.78126% 1,890,000.00 7,399.60 B-4 81744FHF7 SUB 4.78126% 1,231,000.00 4,819.53 B-5 81744FHG5 SUB 4.78126% 687,000.00 2,689.70 B-6 81744FHH3 SUB 4.78126% 1,549,605.55 6,066.91 -------------- ------------ Totals 286,650,779.61 1,121,876.93 ============== ============ Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Loss - ------ ------------- -------- -------------- ------------- ---------- A-1 15,989,291.32 0.00 154,267,933.19 16,517,272.07 0.00 A-2 10,241,636.57 0.00 91,512,312.98 10,605,406.94 0.00 A-R 0.00 0.00 0.00 0.26 0.00 X-A 0.00 0.00 0.00 172,809.53 0.00 B-1 0.00 0.00 6,016,000.00 19,701.76 0.00 B-2 0.00 0.00 3,266,000.00 11,444.63 0.00 X-B 0.00 0.00 0.00 5,193.89 0.00 B-3 0.00 0.00 1,890,000.00 7,399.60 0.00 B-4 0.00 0.00 1,231,000.00 4,819.53 0.00 B-5 0.00 0.00 687,000.00 2,689.70 0.00 B-6 0.00 0.00 1,549,605.55 6,066.91 0.00 ------------- ---- -------------- ------------- ---- Totals 26,230,927.89 0.00 260,419,815.72 27,352,804.82 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-1 202,462,000.00 170,257,224.51 0.00 15,989,291.32 0.00 A-2 126,737,000.00 101,753,949.55 930.02 10,240,706.55 0.00 A-R 100.00 0.00 0.00 0.00 0.00 X-A 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 B-2 3,266,000.00 3,266,000.00 0.00 0.00 0.00 X-B 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 B-4 1,231,000.00 1,231,000.00 0.00 0.00 0.00 B-5 687,000.00 687,000.00 0.00 0.00 0.00 B-6 1,549,605.55 1,549,605.55 0.00 0.00 0.00 -------------- -------------- ------ ------------- ---- Totals 343,838,705.55 286,650,779.61 930.02 26,229,997.87 0.00 ============== ============== ====== ============= ==== Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- ------------- -------------- ----------- ------------- A-1 0.00 15,989,291.32 154,267,933.19 0.76195994 15,989,291.32 A-2 0.00 10,241,636.57 91,512,312.98 0.72206469 10,241,636.57 A-R 0.00 0.00 0.00 0.00000000 0.00 X-A 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 6,016,000.00 1.00000000 0.00 B-2 0.00 0.00 3,266,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-3 0.00 0.00 1,890,000.00 1.00000000 0.00 B-4 0.00 0.00 1,231,000.00 1.00000000 0.00 B-5 0.00 0.00 687,000.00 1.00000000 0.00 B-6 0.00 0.00 1,549,605.55 1.00000000 0.00 ---- ------------- -------------- ---------- ------------- Totals 0.00 26,230,927.89 260,419,851.72 0.75738958 26,230,927.89 ==== ============= ============== ========== =============
(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-1 202,462,000.00 840.93422227 0.00000000 78.97428317 0.00000000 0.00000000 A-2 126,737,000.00 802.87484752 0.00733819 80.80281646 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 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 B-2 3,266,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 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 B-4 1,231,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,549,605.55 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ----- ----------- ------------- ----------- ------------ A-1 78.97428317 761.95993910 0.76195994 78.97428317 A-2 80.81015465 722.06469287 0.72206469 80.81015465 A-R 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 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
(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 3.82938% 170,257,224.51 543,316.34 0.00 0.00 15,335.59 0.00 A-2 126,737,000.00 4.29000% 101,753,949.55 363,770.37 0.00 0.00 0.00 0.00 A-R 100.00 4.09652% 0.00 0.00 0.00 0.00 0.00 0.00 X-A 0.00 0.77841% 272,011,174.06 176,446.09 0.00 0.00 3,636.57 0.00 B-1 6,016,000.00 3.99938% 6,016,000.00 20,050.23 0.00 0.00 348.46 0.00 B-2 3,266,000.00 4.27938% 3,266,000.00 11,647.05 0.00 0.00 202.42 0.00 X-B 0.00 0.68335% 9,282,000.00 5,285.75 0.00 0.00 91.86 0.00 B-3 1,890,000.00 4.78126% 1,890,000.00 7,530.48 0.00 0.00 130.88 0.00 B-4 1,231,000.00 4.78126% 1,231,000.00 4,904.77 0.00 0.00 85.24 0.00 B-5 687,000.00 4.78126% 687,000.00 2,737.27 0.00 0.00 47.57 0.00 B-6 1,549,605.55 4.78126% 1,549,605.55 6,174.22 0.00 0.00 107.31 0.00 -------------- ------------ ---- ---- --------- ---- Totals 343,838,705.55 1,141,862.57 0.00 0.00 19,985.90 0.00 ============== ============ ==== ==== ========= ==== Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- -------------- --------- -------------- A-1 527,980.75 0.00 154,267,933.19 A-2 363,770.37 0.00 91,512,312.98 A-R 0.26 0.00 0.00 X-A 172,809.53 0.00 245,780,246.17 B-1 19,701.76 0.00 6,016,000.00 B-2 11,444.63 0.00 3,266,000.00 X-B 5,193.89 0.00 9,282,000.00 B-3 7,399.60 0.00 1,890,000.00 B-4 4,819.53 0.00 1,231,000.00 B-5 2,689.70 0.00 687,000.00 B-6 6,066.91 0.00 1,549,605.55 ------------ ---- Totals 1,121,876.93 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 Current Beginning of Unpaid Current Non-Supported Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - --------- -------------- ----------- ---------------- --------------- ---------- ---------- ------------- ---------- A-1 202,462,000.00 3.82938% 840.93422227 2.68354723 0.00000000 0.00000000 0.07574552 0.00000000 A-2 126,737,000.00 4.29000% 802.87484752 2.87027758 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 4.09652% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.77841% 826.28189654 0.53598611 0.00000000 0.00000000 0.01104672 0.00000000 B-1 6,016,000.00 3.99938% 1000.00000000 3.33281749 0.00000000 0.00000000 0.05792221 0.00000000 B-2 3,266,000.00 4.27938% 1000.00000000 3.56615126 0.00000000 0.00000000 0.06197795 0.00000000 X-B 0.00 0.68335% 1000.00000000 0.56946240 0.00000000 0.00000000 0.00989657 0.00000000 B-3 1,890,000.00 4.78126% 1000.00000000 3.98438095 0.00000000 0.00000000 0.06924868 0.00000000 B-4 1,231,000.00 4.78126% 1000.00000000 3.98437855 0.00000000 0.00000000 0.06924309 0.00000000 B-5 687,000.00 4.78126% 1000.00000000 3.98438137 0.00000000 0.00000000 0.06924309 0.00000000 B-6 1,549,605.55 4.78126% 1000.00000000 3.98438170 0.00000000 0.00000000 0.06924988 0.00000000 Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - --------- -------------- ---------- ------------------- A-1 2.60780171 0.00000000 761.95993910 A-2 2.87027758 0.00000000 722.06469287 A-R 2.60000000 0.00000000 0.00000000 X-A 0.52493941 0.00000000 746.60082859 B-1 3.27489362 0.00000000 1000.00000000 B-2 0.50417330 0.00000000 1000.00000000 X-B 0.55956583 0.00000000 1000.00000000 B-3 3.91513228 0.00000000 1000.00000000 B-4 3.91513404 0.00000000 1000.00000000 B-5 3.91513828 0.00000000 1000.00000000 B-6 3.91513182 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 27,452,771.39 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 22,314.95 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 27,475,086.34 Withdrawals Reimbursement for Servicer Advances 26,964.39 Payment of Service Fee 95,317.13 Payment of Interest and Principal 27,352,804.82 ------------- Total Withdrawals (Pool Distribution Amount) 27,475,086.34 Ending Balance 0.00 =============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 19,985.90 Servicing Fee Support 0.00 --------- Non-Supported Prepayment Curtailment Interest Shortfall 19,985.90 =========
SERVICING FEES Gross Servicing Fee 91,136.81 Master Servicing Fee 4,180.32 Supported Prepayment/Curtailment Interest Shortfall 0.00 --------- Net Servicing Fee 95,317.13 =========
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 16 5,213,052.78 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 232,000.00 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 5,445,052.78 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 16 5,213,052.78 60 Days 0 0.00 60 Days 1 232,000.00 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 5,445,052.78
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 2.197802% 2.001778% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.137363% 0.089086% 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% -------- --------- -------- --------- -------- --------- 2.335165% 2.090864% 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 2.197802% 2.001778% 60 Days 0.000000% 0.000000% 60 Days 0.137363% 0.089086% 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% 2.335165% 2.090864%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 22,314.95
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 14,639,605.55 4.25769563% 14,639,605.55 5.62153978% 94.378460% 0.000000% Class B-1 8,623,605.55 2.50803805% 8,623,605.55 3.31142403% 2.310116% 41.094003% Class B-2 5,357,605.55 1.55817407% 5,357,605.55 2.05729537% 1.254129% 22.309344% Class B-3 3,467,605.55 1.00849773% 3,467,605.00 1.33154425% 0.725751% 12.910184% Class B-4 2,236,605.55 0.65048103% 2,236,605.55 0.85884603% 0.472698% 8.408697% Class B-5 1,549,605.55 0.45067804% 1,549,605.55 0.59504125% 0.263805% 4.692749% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.595041% 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 10 3,026,518.30 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 232,000.00 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 3,258,518.30 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 10 3,026,518.30 60 Days 0 0.00 60 Days 1 232,000.00 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 3,258,518.30
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 2.257336% 1.853543% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.225734% 0.142085% 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% -------- -------- -------- -------- -------- -------- 2.483070% 1.995628% 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 2.257336% 1.853543% 60 Days 0.000000% 0.000000% 60 Days 0.225734% 0.142085% 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% 2.483070% 1.995628%
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 2,186,534.48 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 2,186,534.48 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 6 2,186,534.48 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 2,186,534.48
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 2.105263% 2.250949% 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% -------- -------- -------- -------- -------- -------- 2.105263% 2.250949% 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 2.105263% 2.250949% 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% 2.105263% 2.250949%
COLLATERAL STATEMENT
Collateral Description Mixed ARM - ---------------------- -------------- Weighted Average Gross Coupon 5.179180% Weighted Average Net Coupon 4.797656% Weighted Average Pass-Through Rate 4.780156% Weighted Average Maturity (Stepdown Calculation) 331 Beginning Scheduled Collateral Loan Count 798 Number of Loans Paid in Full 70 Ending Scheduled Collateral Loan Count 728 Beginning Scheduled Collateral Balance 286,650,779.61 Ending Scheduled Collateral Balance 260,419,851.72 Ending Actual Collateral Balance at 31-Aug-2005 260,421,175.34 Monthly P&I Constant 1,238,109.96 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 27,314,460.69 Scheduled Principal 930.02 Unscheduled Principal 26,229,997.87
MISCELLANEOUS REPORTING Pro Rata Senior Percent 94.892878% Pro Rata Subordinate Percent 5.107122%
GROUP ONE TWO TOTAL - ------------------------------- -------------- -------------- -------------- Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.134540 5.253707 5.179180 Weighted Average Net Rate 4.754951 4.868952 4.797656 Pass-Through Rate 4.737451 4.851452 4.780156 Weighted Average Maturity 328 336 331 Record Date 08/31/2005 08/31/2005 08/31/2005 Principal and Interest Constant 767,062.94 471,047.02 1,238,109.96 Beginning Loan Count 486 312 798 Loans Paid in Full 43 27 70 Ending Loan Count 443 285 728 Beginning Scheduled Balance 179,271,277.46 107,379,502.15 286,650,779.61 Ending Scheduled Balance 163,281,986.14 97,137,865.58 260,419,851.72 Scheduled Principal 0.00 930.02 930.02 Unscheduled Principal 15,989,291.32 10,240,706.55 26,229,997.87 Scheduled Interest 767,062.94 470,117.00 1,237,179.94 Servicing Fee 56,707.56 34,428.95 91,136.81 Master Servicing Fee 2,614.37 1,565.95 4,180.32 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 707,740.71 434,122.10 1,141,862.81 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 96,617,439.02 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 66,664,547.12 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