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

Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for the SMT Series 2005-2, detailing payments to certificateholders as of November 30, 2005, with distributions made on December 20, 2005. It outlines the interest and principal payments, balances, and realized losses for each class of certificates in the trust. The statement provides transparency to investors regarding the allocation of funds and the performance of their investments in the securitized trust.

EX-10.1 2 f15809cexv10w1.htm EXHIBIT 10.1 exv10w1

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) ###-###-####
		Fax: (301) ###-###-####

SMT SERIES 2005-2
Record Date: November 30, 2005
Distribution Date: December 20, 2005

Certificateholder Distribution Summary



			Certificate	Certificate
			Class	Pass-Through			Beginning		Interest		Principal		Current		Ending Certificate		Total		Cumulative
Class	CUSIP		Description	Rate			Certificate Balance		Distribution		Distribution		Realized Loss		Balance		Distribution		Realized Loss

A-1		81744FGY7	SEN		4.37938	%		139,582,222.62		504,922.93		18,729,443.35		0.00		120,852,779.27		19,234,366.28		0.00
A-2		81744FGZ4	SEN		4.29000	%		78,899,478.11		282,065.63		5,503,024.33		0.00		73,396,453.78		5,785,089.96		0.00
A-R		81744FHJ9	REZ		4.04834	%		0.00		0.13		0.00		0.00		0.00		0.13		0.00
X-A		81744FHD2	IO		0.66833	%		0.00		121,004.15		0.00		0.00		0.00		121,004.15		0.00
B-1		81744FHA8	SUB		4.54938	%		6,016,000.00		22,684.05		0.00		0.00		6,016,000.00		22,684.05		0.00
B-2		81744FHB6	SUB		4.82938	%		3,266,000.00		13,072.79		0.00		0.00		3,266,000.00		13,072.79		0.00
X-B		81744FHE0	IO		0.36585	%		0.00		2,814.49		0.00		0.00		0.00		2,814.49		0.00
B-3		81744FHC4	SUB		5.01375	%		1,890,000.00		7,853.89		0.00		0.00		1,890,000.00		7,853.89		0.00
B-4		81744FHF7	SUB		5.01375	%		1,231,000.00		5,115.42		0.00		0.00		1,231,000.00		5,115.42		0.00
B-5		81744FHG5	SUB		5.01375	%		687,000.00		2,854.83		0.00		0.00		687,000.00		2,854.83		0.00
B-6		81744FHH3	SUB		5.01375	%		1,549,605.55		6,439.38		0.00		0.00		1,549,605.55		6,439.38		0.00

Totals								233,121,306.28		968,827.69		24,232,467.68		0.00		208,888,838.60		25,201,295.37		0.00

Principal Distribution Statement



			Beginning		Scheduled		Unscheduled
	Original Face		Certificate		Principal		Principal				Realized		Total Principal		Ending Certificate		Ending Certificate		Total Principal
Class	Amount		Balance		Distribution		Distribution		Accretion		Loss		Reduction		Balance		Percentage		Distribution

A-1		202,462,000.00		139,582,222.62		849.49		18,728,593.86		0.00		0.00		18,729,443.35		120,852,779.27		0.596916		18,729,443.35
A-2		126,737,000.00		78,899,478.11		486.95		5,502,537.38		0.00		0.00		5,503,024.33		73,396,453.78		0.579124		5,503,024.33
A-R		100.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.000000		0.00
X-A		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.000000		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		1.000000		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		1.000000		0.00
X-B		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.000000		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		1.000000		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		1.000000		0.00
B-5		687,000.00		687,000.00		0.00		0.00		0.00		0.00		0.00		687,000.00		1.000000		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		1.000000		0.00

Totals		343,838,705.55		233,121,306.28		1,336.44		24,231,131.24		0.00		0.00		24,232,467.68		208,888,838.60		0.607520		24,232,467.68

Principal Distribution Factors Statement



			Beginning		Scheduled		Unscheduled										Ending
	Original Face		Certificate		Principal		Principal				Realized		Total Principal		Ending Certificate		Certificate		Total Principal
Class	Amount		Balance		Distribution		Distribution		Accretion		Loss		Reduction		Balance		Percentage		Distribution

A-1		202,462,000.00		689.424300		0.004196		92.504242		0.000000		0.000000		92.508438		596.915862		0.596916		92.508438
A-2		126,737,000.00		622.544940		0.003842		43.416977		0.000000		0.000000		43,420819		579.124121		0.579124		43.420819
A-R		100.00		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000
X-A		0.00		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000
B-1		6,016,000.00		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000
B-2		3,266,000.00		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000
X-B		0.00		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000
B-3		1,890,000.00		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000
B-4		1,231,000.00		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000
B-5		687,000.00		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000
B-6		1,549,605.55		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000

Interest Distribution- Statement



											Payment
											of				Non-				Remaining		Ending
				Current			Beginning		Current		Unpaid		Current		Supported				Unpaid		Certificate/
		Accrual		Certificate			Certificate/		Accrued		Interest		Interest		Interest		Total Interest		Interest		Notational
Class	Accural Dates	Days		Rate			Notional Balance		Interest		Shortfall		Shortfall		Shortfall(1)		Distribution		Shortfall(2)		Balance

A-1	11/20/05 – 12/19/05		30		4.37938	%		139,582,222.62		509,403.00		0.00		0.00		4,480.06		504,922.93		0.00		120,852,779.27
A-2	11/20/05 – 12/19/05		30		4.29000	%		78,899,478.11		282,065.63		0.00		0.00		0.00		282,065.63		0.00		73,396,453.78
A-R	N/A		N/A		4.04834	%		0.00		0.00		0.00		0.00		0.00		0.13		0.00		0.00
X-A	11/01/05 – 11/30/05		30		0.66833	%		218,481,700.73		121,681.74		0.00		0.00		677.59		121,004.15		0.00		194,249,233.05
B-1	11/20/05 – 12/19/05		30		4.54938	%		6,016,000.00		22,807.56		0.00		0.00		123.51		22,684.05		0.00		6,016,000.00
B-2	11/20/05 – 12/19/05		30		4.82938	%		3,266,000.00		13,143.96		0.00		0.00		71.18		13,072.79		0.00		3,266,000.00
X-B	11/01/05 – 11/30/05		30		0.36585	%		0.00		2,829.82		0.00		0.00		15.32		2,814.49		0.00		9,282,000.00
B-3	11/01/05 – 11/30/05		30		5.01375	%		1,890,000.00		7,896.65		0.00		0.00		42.76		7,853.89		0.00		1,890,000.00
B-4	11/01/05 – 11/30/05		30		5.01375	%		1,231,000.00		5,143.27		0.00		0.00		27.85		5,115.42		0.00		1,231,000.00
B-5	11/01/05 – 11/30/05		30		5.01375	%		687,000.00		2,870.37		0.00		0.00		15.54		2,854.83		0.00		687,000.00
B-6	11/01/05 – 11/30/05		30		5.01375	%		1,549,605.55		6,474.44		0.00		0.00		35.06		6,439.38		0.00		1,549,605.55

Totals										974,316.44		0.00		0.00		5,488.87		968,827.69		0.00


(1, 2)		Amount also includes coupon cap or basis risk shortfalls, if applicable.

Interest Distribution Factors Statement



							Beginning				Payment of				Non-				Remaining		Ending
				Current			Certificate/		Current		Unpaid		Current		Supported				Unpaid		Certificate/
		Original Face		Certificate			Notional		Accrued		Interest		Interest		Interest		Total Interest		Interest		Notational
Class	Accural Dates	Amount		Rate			Balance		Interest		Shortfall		Shortfall(1)		Shortfall		Distribution		Shortfall(2)		Balance

A-1	11/20/05 – 12/19/05		202,462,000.00		4.37938	%		689.424300		2.516043		0.000000		0.000000		0.022128		2.493915		0.000000		596.915862
A-2	11/20/05 – 12/19/05		126,737,000.00		4.29000	%		622.544940		2.225598		0.000000		0.000000		0.000000		2.225598		0.000000		579.124121
A-R	N/A		100.00		4.04834	%		0.000000		0.000000		0.000000		0.000000		0.000000		1.300000		0.000000		0.000000
X-A	11/01/05 – 11/30/05		0.00		0.66833	%		663.676684		0.369630		0.000000		0.000000		0.002058		0.367571		0.000000		590.066291
B-1	11/20/05 – 12/19/05		6,016,000.00		4.54938	%		1000.000000		3.791150		0.000000		0.000000		0.020530		3.770620		0.000000		1000.000000
B-2	11/20/05 – 12/19/05		3,266,000.00		4.82938	%		1000.000000		4.024483		0.000000		0.000000		0.021794		4.002691		0.000000		1000.000000
X-B	11/01/05 – 11/30/05		0.00		0.36585	%		1000.000000		0.304872		0.000000		0.000000		0.001651		0.303220		0.000000		1000.000000
B-3	11/01/05 – 11/30/05		1,890,000.00		5.01375	%		1000.000000		4.178122		0.000000		0.000000		0.022624		4.155497		0.000000		1000.000000
B-4	11/01/05 – 11/30/05		1,231,000.00		5.01375	%		1000.000000		4.178123		0.000000		0.000000		0.022624		4.155500		0.000000		1000.000000
B-5	11/01/05 – 11/30/05		687,000.00		5.01375	%		1000.000000		4.178122		0.000000		0.000000		0.022620		4.155502		0.000000		1000.000000
B-6	11/01/05 – 11/30/05		1,549,605.55		5.01375	%		1000.000000		4.178121		0.000000		0.000000		0.022625		4.155496		0.000000		1000.000000


(1, 2)		Amount also includes coupon cap or basis risk shortfalls, if applicable. Per $1 denomination

Certificateholder Account Statement

Certificate Account


Beginning Balance			0.00

Deposits
Payments of Interest and Principal			25,289,075.15
Reserve Funds and Credit Enhancements			0.00
Proceeds from Repurchased Loans			0.00
Servicer Advances			23,143.99
Realized Losses (Gains, Subsequent Expenses & Recoveries)			0.00
Prepayment Penalties			0.00
Swap/Cap Payments			0.00

Total Deposits			25,312,219.14

Withdrawals
Swap Payments			0.00
Reserve Funds and Credit Enhancements			0.00
Reimbursement for Servicer Advances			33,641.10
Total Administration Fees			77,282.67
Payment of Interest and Principal			25,201,295.37

Total Withdrawals (Pool Distribution Amount)			25,312,219.14

Ending Balance			0.00

Prepayment/Curtailment Interest Shortfall


Total Prepayment/Curtailment Interest Shortfall			5,488.87
Servicing Fee Support			0.00


Non-Supported Prepayment Curtailment Interest Shortfall			5,488.87

Administration Fees


Gross Servicing Fee*			73,882.98
Master Servicing Fee			3,399.69
Supported Prepayment/Curtailment Interest Shortfall			0.00


Total Administration Fees			77,282.67


*		Servicer Payees include: BANK OF AMERICA (NY); GMAC MTG CORP, MORGAN STANLEY DEAN WITTER; NATIONAL CITY MTG CO; PHH US MTG CORP; RESIDENTIAL FUNDING CORP

Reserve 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

Collateral Statement


Collateral Description	Mixed ARM
Weighted Average Gross Coupon		5.383892	%
Weighted Average Net Coupon		5.003576	%
Weighted Average Pass-Through Rate		4.986076	%
Weighted Average Remaining Term		329

Beginning Scheduled Collateral Loan Count		653
Number of Loans Paid in Full		40
Ending Scheduled Collateral Loan Count		613

Beginning Scheduled Collateral Balance		233,121,306.28
Ending Scheduled Collateral Balance		208,888,838.60
Ending Actual Collateral Balance at 30-Nov-2005		208,890,169.47

Monthly P&I Constant		1,047,252.98
Special Servicing Fee		0.00
Prepayment Penalty Waived Amount		0.00
Prepayment Penalty Waived Count		0
Prepayment Penalty Paid Amount		0.00
Prepayment Penalty Paid Count		0
Realization Loss Amount		0.00
Cumulative Realized Loss		0.00

Class A Optimal Amount		25,145,618.05

Scheduled Principal		1,336.44
Unscheduled Principal		24,231,131.24


Group	One		Two		Total
Collateral Description	Mixed ARM		Mixed ARM		Mixed ARM
Weighted Average Coupon Rate		5.391545		5.370436		5.383892
Weighted Average Net Rate		5.013352		4.986390		5.003576
Pass-Through Rate		4.995853		4.968890		4.986076
Weighted Average Maturity		325		337		329
Record Date		11/30/2005		11/30/2005		11/30/2005
Principal and Interest Constant		668,485.79		378,767.19		1,047,252.98
Beginning Loan Count		400		253		653
Loans Paid in Full		26		14		40
Ending Loan Count		374		239		613
Beginning Scheduled Balance		148,596,275.57		84,525,030.71		233,121,306.28
Ending Scheduled Balance		129,855,832.22		79,022,006.38		208,888,838.60
Scheduled Principal		849.49		486.95		1,336.44
Unscheduled Principal		18,728,593.86		5,502,537.38		24,231,131.24
Scheduled Interest		667,636.30		378,280.24		1,045,916.54
Servicing Fee		46,831.71		27,051.27		73,882.98
Master Servicing Fee		2,167.03		1,232.66		3,399.69
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		618,637.56		349,996.31		968,633.87
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 Penalty Waived Amount		0.00		0.00		0.00
Prepayment Penalty Waived Count		0		0		0
Prepayment Penalty Paid Amount		0.00		0.00		0.00
Prepayment Penalty Paid Count		0		0		0
Special Servicing Fee		0.00		0.00		0.00

Additional Reporting — Deal Level

Miscellaneous Reporting


Pro Rata Senior Percent	93.720177	%
Pro Rata Subordinate Percent	6.279823	%

Additional Reporting – Group Level

Miscellaneous Reporting


Group One
One Month Libor Loan Balance	80,551,677.04
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

Group Two
Six-Month Libor Loan Balance	49,315,155.18
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

Loan Status Stratification/Credit Enhancement Statement



DELINQUENT							BANKRUPTCY							FORECLOSURE							REO							TOTAL


	No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal
	Loans			Balance				Loans			Balance				Loans			Balance				Loans			Balance				Loans			Balance
0-29 Days		0			0.00		0-29 Days		0			0.00		0-29 Days		0			0.00		0-29 Days		0			0.00		0-29 Days		0			0.00
30 Days		8			3,953,670.06		30 Days		0			0.00		30 Days		0			0.00		30 Days		0			0.00		30 Days		8			3,953,670.06
60 Days		1			1,113,111.24		60 Days		0			0.00		60 Days		0			0.00		60 Days		0			0.00		60 Days		1			1,113,111.24
90 Days		1			232,000.00		90 Days		0			0.00		90 Days		0			0.00		90 Days		0			0.00		90 Days		1			232,000.00
120 Days		1			174,844.15		120 Days		0			0.00		120 Days		0			0.00		120 Days		0			0.00		120 Days		1			174,844.15
150 Days		0			0.00		150 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		180+ Days		0			0.00		180+ Days		0			0.00

		11			5,473,625.45				0			0.00				0			0.00				0			0.00				11			5,473,625.45

	No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal
	Loans			Balance				Loans			Balance				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	%	0-29 Days		0.000000	%		0.000000	%	0-29 Days		0.000000	%		0.000000	%
30 Days		1.305057	%		1.892703	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		1.305057	%		1.892703	%
60 Days		0.163132	%		0.532869	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.163132	%		0.532869	%
90 Days		0.163132	%		0.111063	%	90 Days		0.000000	%		0.000000	%	90 Days		0.000000	%		0.000000	%	90 Days		0.000000	%		0.000000	%	90 Days		0.163132	%		0.111063	%
120 Days		0.163132	%		0.083701	%	120 Days		0.000000	%		0.000000	%	120 Days		0.000000	%		0.000000	%	120 Days		0.000000	%		0.000000	%	120 Days		0.163132	%		0.083701	%
150 Days		0.000000	%		0.000000	%	150 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	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%

		1.794454	%		2.620337	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			1.794454	%		2.620337	%


Current Period Class A Insufficient Funds:			0.00			Principal Balance of Contaminated Properties			0.00			Periodic Advance			23,143.99


	Original $		Original%			Current $		Current %			Current Class %			Prepayment %
Class A		14,639,605.55		4.25769563	%		14,639,605.55		7.00832349	%		92.991677	%		0.000000	%
Class B-1		8,623,605.55		2.50803805	%		8,623,605.55		4.12832280	%		2.880001	%		41.094003	%
Class B-2		5,357,605.55		1.55817407	%		5,357,605.55		2.56481179	%		1.563511	%		22.309344	%
Class B-3		3,467,605.55		1.00849773	%		3,467,605.55		1.66002433	%		0.904787	%		12.910184	%
Class B-4		2,236,605.55		0.65048103	%		2,236,605.55		1.07071568	%		0.589309	%		8.408697	%
Class B-5		1,549,605.55		0.45067804	%		1,549,605.55		0.74183262	%		0.328883	%		4.692749	%
Class B-6		0.00		0.00000000	%		0.00		0.00000000	%		0.741833	%		10.585023	%

Please refer to the prospectus supplement for a full description of loss exposure

Delinquency Status by Group



DELINQUENT							BANKRUPTCY							FORECLOSURE							REO							TOTAL

*Group One*
	No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal
	Loans			Balance				Loans			Balance				Loans			Balance				Loans			Balance				Loans			Balance
0-29 Days		0			0.00		0-29 Days		0			0.00		0-29 Days		0			0.00		0-29 Days		0			0.00		0-29 Days		0			0.00
30 Days		5			3,037,933.74		30 Days		0			0.00		30 Days		0			0.00		30 Days		0			0.00		30 Days		5			3,037,933.74
60 Days		0			0.00		60 Days		0			0.00		60 Days		0			0.00		60 Days		0			0.00		60 Days		0			0.00
90 Days		1			232,000.00		90 Days		0			0.00		90 Days		0			0.00		90 Days		0			0.00		90 Days		1			232,000.00
120 Days		0			0.00		120 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		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		180+ Days		0			0.00		180+ Days		0			0.00

		6			3,269,933.74				0			0.00				0			0.00				0			0.00				6			3,269,933.74

	No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal
	Loans			Balance				Loans			Balance				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	%	0-29 Days		0.000000	%		0.000000	%	0-29 Days		0.000000	%		0.000000	%
30 Days		1.336898	%		2.339253	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		1.336898	%		2.339253	%
60 Days		0.000000	%		0.000000	%	60 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		0.267380	%		0.178643	%	90 Days		0.000000	%		0.000000	%	90 Days		0.000000	%		0.000000	%	90 Days		0.000000	%		0.000000	%	90 Days		0.267380	%		0.178643	%
120 Days		0.000000	%		0.000000	%	120 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	%	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	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%

		1.604278	%		2.517897	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			1.604278	%		2.517897	%



DELINQUENT							BANKRUPTCY							FORECLOSURE							REO							TOTAL

*Group Two*								1.183654%
	No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal
	Loans			Balance				Loans			Balance				Loans			Balance				Loans			Balance				Loans			Balance
0-29 Days		0			0.00		0-29 Days		0			0.00		0-29 Days		0			0.00		0-29 Days		0			0.00		0-29 Days		0			0.00
30 Days		3			915,736.32		30 Days		0			0.00		30 Days		0			0.00		30 Days		0			0.00		30 Days		3			915,736.32
60 Days		1			1,113,111.24		60 Days		0			0.00		60 Days		0			0.00		60 Days		0			0.00		60 Days		1			1,113,111.24
90 Days		0			0.00		90 Days		0			0.00		90 Days		0			0.00		90 Days		0			0.00		90 Days		0			0.00
120 Days		1			174,844.15		120 Days		0			0.00		120 Days		0			0.00		120 Days		0			0.00		120 Days		1			174,844.15
150 Days		0			0.00		150 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		180+ Days		0			0.00		180+ Days		0			0.00

		5			2,203,691.71				0			0.00				0			0.00				0			0.00				5			2,203,691.71

	No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal				No. of			Principal
	Loans			Balance				Loans			Balance				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	%	0-29 Days		0.000000	%		0.000000	%	0-29 Days		0.000000	%		0.000000	%
30 Days		1.255230	%		1.158830	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		1.255230	%		1.158830	%
60 Days		0.418410	%		1.408600	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.418410	%		1.408600	%
90 Days		0.000000	%		0.000000	%	90 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		0.418410	%		0.221259	%	120 Days		0.000000	%		0.000000	%	120 Days		0.000000	%		0.000000	%	120 Days		0.000000	%		0.000000	%	120 Days		0.418410	%		0.221259	%
150 Days		0.000000	%		0.000000	%	150 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	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%

		2.092050	%		2.788689	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			2.092050	%		2.788689	%