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 summarizes the principal and interest payments made to certificateholders as of the July 29, 2005 record date and August 22, 2005 distribution date. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms 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 f12318cexv10w1.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: JULY 29, 2005 DISTRIBUTION DATE: AUGUST 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ A-1 81744FGY7 SEN 3.65000% 179,701,720.76 546,592.73 A-2 81744FGZ4 SEN 3.36000% 107,235,909.02 300,260.55 A-R 81744FHJ9 REZ 4.01355% 0.00 0.36 X-A 81744FHD2 IO 0.76765% 0.00 183,555.53 B-1 81744FHA8 SUB 3.82000% 6,016,000.00 19,150.93 B-2 81744FHB6 SUB 4.10000% 3,266,000.00 11,158.83 X-B 81744FHE0 IO 0.39169% 0.00 3,029.73 B-3 81744FHC4 SUB 4.31021% 1,890,000.00 6,788.59 B-4 81744FHF7 SUB 4.31021% 1,231,000.00 4,421.56 B-5 81744FHG5 SUB 4.31021% 687,000.00 2,467.60 B-6 81744FHH3 SUB 4.31021% 1,549,605.55 5,565.94 -------------- ------------ Totals 301,577,235.33 1,082,992.35 ============== ============ Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Loss - ------ ------------- -------- -------------- ------------- ---------- A-1 9,444,496.25 0.00 170,257,224.51 9,991,088.98 0.00 A-2 5,481,959.47 0.00 101,753,949.55 5,782,220.02 0.00 A-R 0.00 0.00 0.00 0.36 0.00 X-A 0.00 0.00 0.00 183,555.53 0.00 B-1 0.00 0.00 6,016,000.00 19,150.93 0.00 B-2 0.00 0.00 3,266,000.00 11,158.83 0.00 X-B 0.00 0.00 0.00 3,029.73 0.00 B-3 0.00 0.00 1,890,000.00 6,788.59 0.00 B-4 0.00 0.00 1,231,000.00 4,421.56 0.00 B-5 0.00 0.00 687,000.00 2,467.60 0.00 B-6 0.00 0.00 1,549,605.55 5,565.94 0.00 ------------- ---- -------------- ------------- ---- Totals 14,926,455.72 0.00 286,650,779.61 16,009,448.07 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 Realized Class Face Amount Balance Distribution Distribution Accretion Loss (1) - ------ -------------- -------------- ------------ ------------- --------- -------- A-1 202,462,000.00 179,701,720.76 0.00 9,444,496.25 0.00 0.00 A-2 126,737,000.00 107,235,909.02 488.24 5,481,471.23 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 B-1 6,016,000.00 6,016,000.00 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 X-B 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 B-4 1,231,000.00 1,231,000.00 0.00 0.00 0.00 0.00 B-5 687,000.00 687,000.00 0.00 0.00 0.00 0.00 B-6 1,549,605.55 1,549,605.55 0.00 0.00 0.00 0.00 -------------- -------------- ------ ------------- ---- ---- Totals 343,838,705.55 301,577,235.33 488.24 14,925,967.48 0.00 0.00 ============== ============== ====== ============= ==== ==== Ending Ending Total Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ------ --------------- -------------- ----------- ------------- A-1 9,444,496.25 170,257,224.51 0.84093422 9,444,496.25 A-2 5,481,959.47 101,753,949.55 0.80287485 5,481,959.47 A-R 0.00 0.00 0.00000000 0.00 X-A 0.00 0.00 0.00000000 0.00 B-1 0.00 6,016,000.00 1.00000000 0.00 B-2 0.00 3,266,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-3 0.00 1,890,000.00 1.00000000 0.00 B-4 0.00 1,231,000.00 1.00000000 0.00 B-5 0.00 687,000.00 1.00000000 0.00 B-6 0.00 1,549,605.55 1.00000000 0.00 ------------- -------------- ---------- ------------- Totals 14,926,455.72 286,650,779.61 0.83367804 14,926,455.72 ============= ============== ========== =============
(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-1 202,462,000.00 887.58246367 0.00000000 46.64824140 0.00000000 0.00000000 A-2 126,737,000.00 846.12945722 0.00385239 43.25075732 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 46.64824140 840.93422227 0.84093422 46.64824140 A-2 43.25460970 802.87484752 0.80287485 43.25460970 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- Current Certificate/ Current Unpaid Current Supported Total Original Face Certificate Notional Accrued Interest Interest Interest Realized Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ------ -------------- ----------- -------------- ------------ ---------- --------- --------- -------- ------------ A-1 202,462,000.00 3.65000% 179,701,720.76 546,592.73 0.00 0.00 0.00 0.00 546,592.73 A-2 126,737,000.00 3.36000% 107,235,909.02 300,260.55 0.00 0.00 0.00 0.00 300,260.55 A-R 100.00 4.01355% 0.00 0.00 0.00 0.00 0.00 0.00 0.36 X-A 0.00 0.76765% 286,937,629.78 183,555.53 0.00 0.00 0.00 0.00 183,555.53 B-1 6,016,000.00 3.82000% 6,016,000.00 19,150.93 0.00 0.00 0.00 0.00 19,150.93 B-2 3,266,000.00 4.10000% 3,266,000.00 11,158.83 0.00 0.00 0.00 0.00 11,158.83 X-B 0.00 0.39169% 9,282,000.00 3,029.73 0.00 0.00 0.00 0.00 3,029.73 B-3 1,890,000.00 4.31021% 1,890,000.00 6,788.59 0.00 0.00 0.00 0.00 6,788.59 B-4 1,231,000.00 4.31021% 1,231,000.00 4,421.56 0.00 0.00 0.00 0.00 4,421.56 B-5 687,000.00 4.31021% 687,000.00 2,467.60 0.00 0.00 0.00 0.00 2,467.60 B-6 1,549,605.55 4.31021% 1,549,605.55 5,565.94 0.00 0.00 0.00 0.00 5,565.94 -------------- ------------ ---- ---- ---- ---- ------------ Totals 343,838,705.55 1,082,991.99 0.00 0.00 0.00 0.00 1,082,992.35 ============== ============ ==== ==== ==== ==== ============ Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ------ --------- -------------- A-1 0.00 170,257,24.51 A-2 0.00 101,753,949.55 A-R 0.00 0.00 X-A 0.00 272,011,174.06 B-1 0.00 6,016,000.00 B-2 0.00 3,266,000.00 X-B 0.00 9,282,000.00 B-3 0.00 1,890,000.00 B-4 0.00 1,231,000.00 B-5 0.00 687,000.00 B-6 0.00 1,549,605.55 ---- Totals 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
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Class Original Face Current Notional Accrued Interest Interest Interest Realized (5) Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- -------------- ---------------- ------------- ---------- ---------- ---------- ---------- ---------- A-1 202,462,000.00 3.65000% 887.58246367 2.69972997 0.00000000 0.00000000 0.00000000 0.00000000 A-2 126,737,000.00 3.36000% 846.12945722 2.36916252 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 4.01355% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.76765% 871.62363731 0.55758228 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,016,000.00 3.82000% 1000.00000000 3.18333278 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,266,000.00 4.10000% 1000.00000000 3.41666565 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.39169% 1000.00000000 0.32640918 0.00000000 0.00000000 0.00000000 0.00000000 B-3 1,890,000.00 4.31021% 1000.00000000 3.59184656 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,231,000.00 4.31021% 1000.00000000 3.59184403 0.00000000 0.00000000 0.00000000 0.00000000 B-5 687,000.00 4.31021% 1000.00000000 3.59184862 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,549,605.55 4.31021% 1000.00000000 3.59184310 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Unpaid Certificate/ Class Total Interest Interest Notational (5) Distribution Shortfall Balance - ----- -------------- ---------- ------------- A-1 2.69972997 0.00000000 840.93422227 A-2 2.36916252 0.00000000 802.87484752 A-R 3.60000000 0.00000000 0.00000000 X-A 0.55758228 0.00000000 826.28189654 B-1 3.18333278 0.00000000 1000.00000000 B-2 3.41666565 0.00000000 1000.00000000 X-B 0.32640918 0.00000000 1000.00000000 B-3 3.59184656 0.00000000 1000.00000000 B-4 3.59184403 0.00000000 1000.00000000 B-5 3.59184862 0.00000000 1000.00000000 B-6 3.59184310 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 16,099,177.62 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 26,964.39 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 16,126,142.01 Withdrawals Reimbursement for Servicer Advances 16,309.56 Payment of Service Fee 100,384.38 Payment of Interest and Principal 16,009,448.07 ------------- Total Withdrawals (Pool Distribution Amount) 16,126,142.01 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 95,986.37 Master Servicing Fee 4,398.01 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 100,384.38 ==========
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 12 7,114,911.48 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 --- ------------ --- ---- --- ---- 12 7,114,911.48 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 12 7,114,911.48 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 12 7,114,911.48
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 1.503759% 2.482068% 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% -------- -------- -------- -------- -------- -------- 1.503759% 2.482068% 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 1.503759% 2.482068% 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% 1.503759% 2.482068%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 26,964.39
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 14,639,605.55 4.25769563% 14,639,605.55 5.10712218% 94.892878% 0.000000% Class B-1 8,623,605.55 2.50803805% 8,623,605.55 3.00840122% 2.098721% 41.094003% Class B-2 5,357,605.55 1.55817407% 5,357,605.55 1.86903575% 1.139365% 22.309344% Class B-3 3,467,605.55 1.00849773% 3,467,605.55 1.20969688% 0.659339% 12.910184% Class B-4 2,236,605.55 0.65048103% 2,236,605.55 0.78025448% 0.429442% 8.408697% Class B-5 1,549,605.55 0.45067804% 1,549,605.55 0.54059004% 0.239664% 4.692749% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.540590% 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 8 5,254,621.15 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 --- ------------ --- ---- --- ---- 8 5,254,621.15 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 8 5,254,621.15 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 8 5,254,621.15
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 1.646091% 2.931087% 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% -------- -------- -------- -------- -------- -------- 1.646091% 2.931087% 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 1.646091% 2.931087% 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% 1.646091% 2.931087%
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 4 1,860,290.33 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 --- ------------ --- ---- --- ---- 4 1,860,290.33 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 4 1,860,290.33 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 4 1,860,290.33
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 1.282051% 1.732430% 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% -------- -------- -------- -------- -------- -------- 1.282051% 1.732430% 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 1.282051% 1.732430% 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% 1.282051% 1.732430%
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.711323% Weighted Average Net Coupon 4.329386% Weighted Average Pass-Through Rate 4.311886% Weighted Average Maturity (Stepdown Calculation) 332 Beginning Scheduled Collateral Loan Count 835 Number of Loans Paid in Full 37 Ending Scheduled Collateral Loan Count 798 Beginning Scheduled Collateral Balance 301,577,235.33 Ending Scheduled Collateral Balance 286,650,779.61 Ending Actual Collateral Balance at 29-July-2005 286,652,504.87 Monthly P&I Constant 1,184,511.42 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 15,956,864.53 Scheduled Principal 488.24 Unscheduled Principal 14,925,967.48
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.145653% Pro Rata Subordinate Percent 4.854347%
GROUP ONE TWO TOTAL - ------------------------------- -------------- -------------- -------------- Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.677622 4.767675 4.711323 Weighted Average Net Rate 4.297311 4.383018 4.329386 Pass-Through Rate 4.279811 4.365518 4.311886 Weighted Average Maturity 329 337 332 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal and Interest Constant 735,617.58 448,893.84 1,184,511.42 Beginning Loan Count 508 327 835 Loans Paid in Full 22 15 37 Ending Loan Count 486 312 798 Beginning Scheduled Balance 188,715,773.71 112,861,461.62 301,577,235.33 Ending Scheduled Balance 179,271,277.46 107,379,502.15 286,650,779.61 Scheduled Principal 0.00 488.24 488.24 Unscheduled Principal 9,444,496.25 5,481,471.23 14,925,967.48 Scheduled Interest 735,617.58 448,405.60 1,184,023.18 Servicing Fee 59,808.92 36,177.45 95,986.37 Master Servicing Fee 2,752.11 1,645.90 4,398.01 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 673,056.55 410,582.25 1,083,638.80 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 98,913,546.21 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 80,357,731.25 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