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

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Summary

This document, prepared by Wells Fargo Bank Minnesota, N.A., provides a summary of distributions to certificateholders for the SMT Series 2005-2 as of June 30, 2005, with a distribution date of July 20, 2005. It details the principal and interest payments, balances, and realized losses for each class of certificates, as calculated under the Pooling and Servicing Agreement. The report ensures transparency for investors regarding the performance and payments of their securities.

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EX-10.1 2 f11512cexv10w1.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: JUNE 30, 2005 DISTRIBUTION DATE: JULY 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Current Ending Cumulative Class Pass-Through Certificate Interest Principal Realized Certificate Total Realized Class CUSIP Description Rate Balance Distribution Distribution Loss Balance Distribution Loss - ------ --------- ----------- ------------ -------------- ------------ ------------- -------- -------------- ------------- ---------- A-1 81744FGY7 SEN 3.48000% 189,921,066.65 550,771.09 10,219,345.89 0.00 179,701,720.76 10,770,116.98 0.00 A-2 81744FGZ4 SEN 3.36000% 111,355,347.52 311,794.97 4,119,438.50 0.00 107,235,909.02 4,431,233.47 0.00 A-R 81744FHJ9 REZ 3.91289% 0.00 0.36 0.00 0.00 0.00 0.36 0.00 X-A 81744FHD2 IO 0.57389% 0.00 144,083.18 0.00 0.00 0.00 144,083.18 0.00 B-1 81744FHA8 SUB 3.65000% 6,016,000.00 18,298.67 0.00 0.00 6,016,000.00 18,298.67 0.00 B-2 81744FHB6 SUB 3.93000% 3,266,000.00 10,696.15 0.00 0.00 3,266,000.00 10,696.15 0.00 X-B 81744FHE0 IO 0.26053% 0.00 2,015.21 0.00 0.00 0.00 2,015.21 0.00 B-3 81744FHC4 SUB 4.00905% 1,890,000.00 6,314.26 0.00 0.00 1,890,000.00 6,314.26 0.00 B-4 81744FHF7 SUB 4.00905% 1,231,000.00 4,112.62 0.00 0.00 1,231,000.00 4,112.62 0.00 B-5 81744FHG5 SUB 4.00905% 687,000.00 2,295.18 0.00 0.00 687,000.00 2,295.18 0.00 B-6 81744FHH3 SUB 4.00905% 1,549,605.55 5,177.04 0.00 0.00 1,549,605.55 5,177.04 0.00 -------------- ------------ ------------- ---- -------------- ------------- ---- Totals 315,916,019.72 1,055,558.73 14,338,784.39 0.00 301,577,235.33 15,394,343.12 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
Scheduled Beginning Principal Unscheduled Total Ending Ending Total Original Face Certificate Distribu- Principal Accret- Realized Principal Certificate Certificate Principal Class Amount Balance tion Distribution ion Loss (1) Reduction Balance Percentage Distribution - ------ -------------- -------------- --------- ------------- ------- -------- ------------- -------------- ----------- ------------- A-1 202,462,000.00 202,462,000.00 2.07 10,219,343.82 0.00 0.00 10,219,345.89 179,701,720.76 0.88758246 10,219,345.89 A-2 126,737,000.00 111,355,347.52 486.27 4,118,952.23 0.00 0.00 4,119,438.50 107,235,909.02 0.84612946 4,119,438.50 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 0.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 0.00 B-1 6,016,000.00 6,016,000.00 0.00 0.00 0.00 0.00 0.00 6,016,000.00 1.00000000 0.00 B-2 3,266,000.00 3,266,000.00 0.00 0.00 0.00 0.00 0.00 3,266,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 0.00 B-3 1,890,000.00 1,890,000.00 0.00 0.00 0.00 0.00 0.00 1,890,000.00 1.00000000 0.00 B-4 1,231,000.00 1,231,000.00 0.00 0.00 0.00 0.00 0.00 1,231,000.00 1.00000000 0.00 B-5 687,000.00 687,000.00 0.00 0.00 0.00 0.00 0.00 687,000.00 1.00000000 0.00 B-6 1,549,605.55 1,549,605.55 0.00 0.00 0.00 0.00 0.00 1,549,605.55 1.00000000 0.00 -------------- -------------- ------ ------------- ---- ---- ------------- -------------- ---------- ------------- Totals 343,838,705.55 315,916,019.72 488.34 14,338,296.05 0.00 0.00 14,338,784.39 301,577,235.33 0.87708926 14,338,784.39 -------------- -------------- ------ ------------- ---- ---- ------------- -------------- ---------- -------------
(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
Scheduled Beginning Principal Unscheduled Total Ending Ending Total Original Face Certificate Distribu- Principal Realized Principal Certificate Certificate Principal Class Amount Balance tion Distribution Accretion Loss (3) Reduction Balance Percentage Distribution - ----- -------------- ------------- ---------- ------------ ---------- ---------- ----------- ------------- ----------- ------------- A-1 202,462,000.00 938.05784122 0.00001022 50.47536733 0.00000000 0.00000000 50.47537755 887.58246367 0.88758246 50.47537755 A-2 126,737,000.00 878.63329194 0.00383684 32.49999787 0.00000000 0.00000000 32.50383471 846.12945722 0.84612946 32.50383471 A-R 100.00 0.00000000 0.00000000 0.00000000 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 0.00000000 0.00000000 0.00000000 B-1 6,016,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 3,266,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 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 1000.00000000 1.00000000 0.00000000 B-4 1,231,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 1,549,605.55 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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
Payment Beginning of Non- Remaining Current Certificate/ Current Unpaid Current Supported Total Unpaid Original Face Certificate Notional Accrued Interest Interest Interest Realized Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution Shortfall - ------ -------------- ----------- -------------- ------------ --------- --------- --------- -------- ------------ --------- A-1 202,462,000.00 3.48000% 189,921,066.65 550,771.09 0.00 0.00 0.00 0.00 550,771.09 0.00 A-2 126,737,000.00 3.36000% 111,355,347.52 311,794.97 0.00 0.00 0.00 0.00 311,794.97 0.00 A-R 100.00 3.91289% 0.00 0.00 0.00 0.00 0.00 0.00 0.36 0.00 X-A 0.00 0.57389% 301,276,414.17 144,083.18 0.00 0.00 0.00 0.00 144,083.18 0.00 B-1 6,016,000.00 3.65000% 6,016,000.00 18,298.67 0.00 0.00 0.00 0.00 18,298.67 0.00 B-2 3,266,000.00 3.93000% 3,266,000.00 10,696.15 0.00 0.00 0.00 0.00 10,696.15 0.00 X-B 0.00 0.26053% 9,282,000.00 2,015.21 0.00 0.00 0.00 0.00 2,015.21 0.00 B-3 1,890,000.00 4.00905% 1,890,000.00 6,314.26 0.00 0.00 0.00 0.00 6,314.26 0.00 B-4 1,231,000.00 4.00905% 1,231,000.00 4,112.62 0.00 0.00 0.00 0.00 4,112.62 0.00 B-5 687,000.00 4.00905% 687,000.00 2,295.18 0.00 0.00 0.00 0.00 2,295.18 0.00 B-6 1,549,605.55 4.00905% 1,549,605.55 5,177.04 0.00 0.00 0.00 0.00 5,177.04 0.00 -------------- ------------ ---- ---- ---- ---- ------------ ---- Totals 343,838,705.55 1,055,558.37 0.00 0.00 0.00 0.00 1,055,558.73 0.00 -------------- ------------ ---- ---- ---- ---- ------------ ---- Ending Certificate/ Class Notational Balance - ------ ------------------- A-1 179,701,720.76 A-2 107,235,909.02 A-R 0.00 X-A 286,937,629.78 B-1 6,016,000.00 B-2 3,266,000.00 X-B 9,282,000.00 B-3 1,890,000.00 B-4 1,231,000.00 B-5 687,000.00 B-6 1,549,605.55 Totals
(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 Current Unpaid Current Supported Class Original Face Certificate Certificate/ Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- --------------- ----------- ---------------- ----------- ---------- ---------- ---------- ---------- A-1 202,462,000.00 3.48000% 938.05784122 2.72036772 0.00000000 0.00000000 0.00000000 0.00000000 A-2 126,737,000.00 3.36000% 878.63329194 2.46017319 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.91289% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.57389% 915.18022281 0.43767806 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,016,000.00 3.65000% 1000.00000000 3.04166722 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,266,000.00 3.93000% 1000.00000000 3.27500000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.26053% 1000.00000000 0.21710946 0.00000000 0.00000000 0.00000000 0.00000000 B-3 1,890,000.00 4.00905% 1000.00000000 3.34087831 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,231,000.00 4.00905% 1000.00000000 3.34087734 0.00000000 0.00000000 0.00000000 0.00000000 B-5 687,000.00 4.00905% 1000.00000000 3.34087336 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,549,605.55 4.00905% 1000.00000000 3.34087601 0.00000000 0.00000000 0.00000000 0.00000000
Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ---------- ------------------- A-1 2.72036772 0.00000000 887.58246367 A-2 2.46017319 0.00000000 846.12945722 A-R 3.60000000 0.00000000 0.00000000 X-A 0.43767806 0.00000000 871.62363731 B-1 3.04166722 0.00000000 1000.00000000 B-2 3.27500000 0.00000000 1000.00000000 X-B 0.21710946 0.00000000 1000.00000000 B-3 3.34087831 0.00000000 1000.00000000 B-4 3.34087734 0.00000000 1000.00000000 B-5 3.34087336 0.00000000 1000.00000000 B-6 3.34087601 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 15,497,387.61 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 16,309.56 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 15,513,697.17 Withdrawals Reimbursement for Servicer Advances 14,115.21 Payment of Service Fee 105,238.84 Payment of Interest and Principal 15,394,343.12 ------------- Total Withdrawals (Pool Distribution Amount) 15,513,697.17 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 100,631.73 Master Servicing Fee 4,607.11 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------- Net Servicing Fee 105,238.84 =============
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
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 10 4,837,237.10 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 ------ ------------ 10 4,837,237.10
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.197605% 1.603974% 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% ---------- -------- 1.197605% 1.603974%
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 10 4,837,237.10 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 ----- ------------ 10 4,837,237.10
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.197605% 1.603974% 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% -------- -------- 1.197605% 1.603974%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 16,309.56
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 14,639,605.55 4.25769563% 14,639,605.55 4.85434702% 95.145653% 0.000000% Class B-1 8,623,605.55 2.50803805% 8,623,605.55 2.85950149% 1.994846% 41.094003% Class B-2 5,357,605.55 1.55817407% 5,357,605.55 1.77652850% 1.082973% 22.309344% Class B-3 3,467,605.55 1.00849773% 3,467,605.55 1.14982338% 0.626705% 12.910184% Class B-4 2,236,605.55 0.65048103% 2,236,605.55 0.74163607% 0.408187% 8.408697% Class B-5 1,549,605.55 0.45067804% 1,549,605.55 0.51383373% 0.227802% 4.692749% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.513834% 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 6 2,647,949.86 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 2,647,949.86 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 1.181102% 1.403142% 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% -------- -------- -------- -------- -------- -------- 1.181102% 1.403142% 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 2,647,949.86 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 2,647,949.86 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 1.181102% 1.403142% 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% 1.181102% 1.403142%
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 2,189,287.24 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 2,189,287.24 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 1.223242% 1.939784% 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% -------- -------- -------- -------- -------- -------- 1.223242% 1.939784% 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 4 2,189,287.24 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 2,189,287.24 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 1.223242% 1.939784% 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% 1.223242% 1.939784%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 4.409263% Weighted Average Net Coupon 4.027016% Weighted Average Pass-Through Rate 4.009516% Weighted Average Maturity (Stepdown Calculation) 333 Beginning Scheduled Collateral Loan Count 859 Number of Loans Paid in Full 24 Ending Scheduled Collateral Loan Count 835 Beginning Scheduled Collateral Balance 315,916,019.72 Ending Scheduled Collateral Balance 301,577,235.33 Ending Actual Collateral Balance at 30-June-2005 301,578,196.77 Monthly P&I Constant 1,161,285.73 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 15,345,433.63 Scheduled Principal 488.34 Unscheduled Principal 14,338,296.05
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.365982% Pro Rata Subordinate Percent 4.634018%
GROUP ONE TWO TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.420061 4.390901 4.409263 Weighted Average Net Rate 4.039264 4.006187 4.027016 Pass-Through Rate 4.021764 3.988686 4.009516 Weighted Average Maturity 330 338 333 Record Date 06/30/2005 06/30/2005 06/30/2005 Principal and Interest Constant 732,756.54 428,529.19 1,161,285.73 Beginning Loan Count 523 336 859 Loans Paid in Full 15 9 24 Ending Loan Count 508 327 835 Beginning Scheduled Balance 198,935,119.60 116,980,900.12 315,916,019.72 Ending Scheduled Balance 188,715,773.71 112,861,461.62 301,577,235.33 Scheduled Principal 2.07 486.27 488.34 Unscheduled Principal 10,219,343.82 4,118,952.23 14,338,296.05 Scheduled Interest 732,754.47 428,042.92 1,160,797.39 Servicing Fee 63,128.23 37,503.50 100,631.73 Master Servicing Fee 2,901.14 1,705.97 4,607.11 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 666,725.10 388,833.45 1,055,558.55 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 102,948,755.67 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 85,767,018.04 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