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

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2005-2, prepared by Wells Fargo Bank Minnesota, N.A. It details the principal and interest payments, balances, and realized losses for each class of certificates as of October 31, 2005, with distributions made on November 21, 2005. The report outlines the amounts distributed to each class, confirms compliance with the Pooling and Servicing Agreement, and notes that no realized losses or interest shortfalls occurred during this period.

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EX-10.1 2 f15324cexv10w1.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: OCTOBER 31, 2005 DISTRIBUTION DATE: NOVEMBER 21, 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 4.22000% 147,499,699.36 498,101.55 7,917,476.74 0.00 139,582,222.62 8,415,578.29 0.00 A-2 81744FGZ4 SEN 4.29000% 82,958,205.53 293,458.74 4,058,727.42 0.00 78,899,478.11 4,352,186.16 0.00 A-R 81744FHJ9 REZ 4.05603% 0.00 0.28 0.00 0.00 0.00 0.28 0.00 X-A 81744FHD2 IO 0.73912% 0.00 137,569.51 0.00 0.00 0.00 137,569.51 0.00 B-1 81744FHA8 SUB 4.39000% 6,016,000.00 21,381.32 0.00 0.00 6,016,000.00 21,381.32 0.00 B-2 81744FHB6 SUB 4.67000% 3,266,000.00 12,347.96 0.00 0.00 3,266,000.00 12,347.96 0.00 X-B 81744FHE0 IO 0.49315% 0.00 3,705.80 0.00 0.00 0.00 3,705.80 0.00 B-3 81744FHC4 SUB 4.98167% 1,890,000.00 7,622.53 0.00 0.00 1,890,000.00 7,622.53 0.00 B-4 81744FHF7 SUB 4.98167% 1,231,000.00 4,964.73 0.00 0.00 1,231,000.00 4,964.73 0.00 B-5 81744FHG5 SUB 4.98167% 687,000.00 2,770.73 0.00 0.00 687,000.00 2,770.73 0.00 B-6 81744FHH3 SUB 4.98167% 1,549,605.55 6,249.69 0.00 0.00 1,549,605.55 6,249.69 0.00 -------------- ---------- ------------- ---- -------------- ------------- ---- Totals 245,097,510.44 988,172.84 11,976,204.16 0.00 233,121,306.28 12,964,377.00 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 Total Ending Ending Original Face Certificate Principal Principal Realized Principal Certificate Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance Percentage - ------ --------------- -------------- ------------ -------------- --------- -------- ------------- -------------- ----------- A-1 202,462,000.00 147,499,699.36 0.00 7,917,476.74 0.00 0.00 7,917,476.74 139,582,222.62 0.68942430 A-2 126,737,000.00 82,958,205.53 0.00 4,058,727.42 0.00 0.00 4,058,727.42 78,899,478.11 0.62254494 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 X-A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 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 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 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 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 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 B-5 687,000.00 687,000.00 0.00 0.00 0.00 0.00 0.00 687,000.00 1.00000000 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 -------------- -------------- ---- ------------- ---- ---- ------------- -------------- ---------- Totals 343,838,705.55 245,097,510.44 0.00 11,976,204.16 0.00 0.00 11,976,204.16 233,121,306.28 0.67799611 -------------- -------------- ---- ------------- ---- ---- ------------- -------------- ---------- Total Principal Class Distribution - ------ --------------- A-1 7,917,476.74 A-2 4,058,727.42 A-R 0.00 X-A 0.00 B-1 0.00 B-2 0.00 X-B 0.00 B-3 0.00 B-4 0.00 B-5 0.00 B-6 0.00 ------------- Totals 11,976,204.16 -------------
(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 Ending Original Face Certificate Principal Principal Realized Total Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- -------------- ------------- ------------ ------------ ---------- ---------- --------------- ------------- A-1 202,462,000.00 728.53028894 0.00000000 39.10598898 0.00000000 0.00000000 39.10598898 689.42429997 A-2 126,737,000.00 654.56974309 0.00000000 32.02480270 0.00000000 0.00000000 32.02480270 622.54494039 A-R 100.00 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 B-1 6,016,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-2 3,266,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 X-B 0.00 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 B-4 1,231,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 1,549,605.55 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 Ending Certificate Total Principal Class Percentage Distribution - ----- ----------- --------------- A-1 0.68942430 39.10598898 A-2 0.62254494 32.02480270 A-R 0.00000000 0.00000000 X-A 0.00000000 0.00000000 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 X-B 0.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 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 Current Certificate/ Current Unpaid Current Non-Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Total Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ------- -------------- ----------- -------------- ------------ ---------- --------- ------------- -------- -------------- A-1 202,462,000.00 4.22000% 147,499,699.36 518,707.28 0.00 0.00 20,605.72 0.00 498,101.55 A-2 126,737,000.00 4.29000% 82,958,205.53 296,575.58 0.00 0.00 3,116.84 0.00 293,458.74 A-R 100.00 4.05603% 0.00 0.00 0.00 0.00 0.00 0.00 0.28 X-A 0.00 0.73912% 230,457,904.89 141,946.91 0.00 0.00 4,377.39 0.00 137,569.51 B-1 6,016,000.00 4.39000% 6,016,000.00 22,008.53 0.00 0.00 627.21 0.00 21,381.32 B-2 3,266,000.00 4.67000% 3,266,000.00 12,710.18 0.00 0.00 362.22 0.00 12,347.96 X-B 0.00 0.49315% 9,282,000.00 3,814.51 0.00 0.00 108.71 0.00 3,705.80 B-3 1,890,000.00 4.98167% 1,890,000.00 7,846.13 0.00 0.00 223.60 0.00 7,622.53 B-4 1,231,000.00 4.98167% 1,231,000.00 5,110.36 0.00 0.00 145.64 0.00 4,964.73 B-5 687,000.00 4.98167% 687,000.00 2,852.01 0.00 0.00 81.28 0.00 2,770.73 B-6 1,549,605.55 4.98167% 1,549,605.55 6,433.02 0.00 0.00 183.33 0.00 6,249.69 -------------- ------------ ---- ---- --------- ---- ---------- Totals 343,838,705.55 1,018,004.51 0.00 0.00 29,831.94 0.00 988,172.84 -------------- ------------ ---- ---- --------- ---- ---------- Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ------- ---------- -------------- A-1 0.00 139,582,222.62 A-2 0.00 78,899,478.11 A-R 0.00 0.00 X-A 0.00 218,481,700.73 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
Payment of Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- -------------- ----------- ---------------- --------------- ---------- ---------- ----------- ----------- A-1 202,462,000.00 4.22000% 728.53028894 2.56199820 0.00000000 0.00000000 0.10177574 0.00000000 A-2 126,737,000.00 4.29000% 654.56974309 2.34008679 0.00000000 0.00000000 0.02459298 0.00000000 A-R 100.00 4.05603% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.73912% 700.05651563 0.43118876 0.00000000 0.00000000 0.01329709 0.00000000 B-1 6,016,000.00 4.39000% 1000.00000000 3.65833278 0.00000000 0.00000000 0.10425698 0.00000000 B-2 3,266,000.00 4.67000% 1000.00000000 3.89166565 0.00000000 0.00000000 0.11090631 0.00000000 X-B 0.00 0.49315% 1000.00000000 0.41095777 0.00000000 0.00000000 0.01171192 0.00000000 B-3 1,890,000.00 4.98167% 1000.00000000 4.15139153 0.00000000 0.00000000 0.11830688 0.00000000 B-4 1,231,000.00 4.98167% 1000.00000000 4.15138911 0.00000000 0.00000000 0.11831032 0.00000000 B-5 687,000.00 4.98167% 1000.00000000 4.15139738 0.00000000 0.00000000 0.11831150 0.00000000 B-6 1,549,605.55 4.98167% 1000.00000000 4.15139195 0.00000000 0.00000000 0.11830753 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ---------- ------------------- A-1 2.46022241 0.00000000 689.42429997 A-2 2.31549382 0.00000000 622.54494039 A-R 2.80000000 0.00000000 0.00000000 X-A 0.41789164 0.00000000 663.67668410 B-1 3.55407580 0.00000000 1000.00000000 B-2 3.78075934 0.00000000 1000.00000000 X-B 0.39924585 0.00000000 1000.00000000 B-3 4.03308466 0.00000000 1000.00000000 B-4 4.03308692 0.00000000 1000.00000000 B-5 4.03308588 0.00000000 1000.00000000 B-6 4.03308442 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 13,012,050.28 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 33,641.10 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 13,045,691.38 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 81,314.38 Payment of Interest and Principal 12,964,377.00 ------------- Total Withdrawals (Pool Distribution Amount) 13,045,691.38 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 29,831.94 =========
SERVICING FEES Gross Servicing Fee 77,740.04 Master Servicing Fee 3,574.34 Supported Prepayment/Curtailment Interest Shortfall 0.00 --------- Net Servicing Fee 81,314.38 =========
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
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 16 7,093,552.60 60 Days 2 715,396.37 90 Days 1 174,844.15 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 19 7,983,793.12
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.450230% 3.042842% 60 Days 0.306279% 0.306876% 90 Days 0.153139% 0.075001% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 2.909648% 3.424718%
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 16 7,093,552.60 60 Days 2 715,396.37 90 Days 1 174,844.15 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 19 7,983,793.12
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.450230% 3.042842% 60 Days 0.306279% 0.306876% 90 Days 0.153139% 0.075001% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 2.909648% 3.424718%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 14,639,605.55 4.25769563% 14,639,605.55 6.27982306% 93.720177% 0.000000% Class B-1 8,623,605.55 2.50803805% 8,623,605.55 3.69919236% 2.580631% 41.094003% Class B-2 5,357,605.55 1.55817407% 5,357,605.55 2.29820501% 1.400987% 22.309344% Class B-3 3,467,605.55 1.00849773% 3,467,605.55 1.48746831% 0.810737% 12.910184% Class B-4 2,236,605.55 0.65048103% 2,236,605.55 0.95941705% 0.528051% 8.408697% Class B-5 1,549,605.55 0.45067804% 1,549,605.55 0.66472069% 0.294696% 4.692749% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.664721% 10.585023%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT GROUP ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 8 3,084,097.77 60 Days 2 715,396.37 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 10 3,799,494.14
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.000000% 2.075476% 60 Days 0.500000% 0.481434% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 2.500000% 2.556910%
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 8 3,084,097.77 60 Days 2 715,396.37 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 10 3,799,494.14
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.000000% 2.075476% 60 Days 0.500000% 0.481434% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 2.500000% 2.556910%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 8 4,009,454.83 60 Days 0 0.00 90 Days 1 174,844.15 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 9 4,184,298.98
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.162055% 4.743485% 60 Days 0.000000% 0.000000% 90 Days 0.395257% 0.206854% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 3.557312% 4.950338%
BANKRUPTCY 1.183654%
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 8 4,009,454.83 60 Days 0 0.00 90 Days 1 174,844.15 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 9 4,184,298.98
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.162055% 4.743485% 60 Days 0.000000% 0.000000% 90 Days 0.395257% 0.206854% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 3.557312% 4.950338%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 5.306353% Weighted Average Net Coupon 4.925737% Weighted Average Pass-Through Rate 4.908237% Weighted Average Maturity (Stepdown Calculation) 329 Beginning Scheduled Collateral Loan Count 684 Number of Loans Paid in Full 31 Ending Scheduled Collateral Loan Count 653 Beginning Scheduled Collateral Balance 245,097,510.44 Ending Scheduled Collateral Balance 233,121,306.28 Ending Actual Collateral Balance at 31-Oct-2005 233,122,637.34 Monthly P&I Constant 1,083,811.67 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,933,433.93 Scheduled Principal 0.00 Unscheduled Principal 11,976,204.16
MISCELLANEOUS REPORTING Pro Rata Senior Percent 94.027028% Pro Rata Subordinate Percent 5.972972%
GROUP ONE TWO TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.300613 5.316495 5.306353 Weighted Average Net Rate 4.922152 4.932073 4.925737 Pass-Through Rate 4.904652 4.914572 4.908237 Weighted Average Maturity 326 334 329 Record Date 10/31/2005 10/31/2005 10/31/2005 Principal and Interest Constant 691,349.06 392,462.61 1,083,811.67 Beginning Loan Count 421 263 684 Loans Paid in Full 21 10 31 Ending Loan Count 400 253 653 Beginning Scheduled Balance 156,513,752.31 88,583,758.13 245,097,510.44 Ending Scheduled Balance 148,596,275.57 84,525,030.71 233,121,306.28 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 7,917,476.74 4,058,727.42 11,976,204.16 Scheduled Interest 691,349.06 392,462.61 1,083,811.67 Servicing Fee 49,362.03 28,378.01 77,740.04 Master Servicing Fee 2,282.49 1,291.85 3,574.34 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 639,704.54 362,792.75 1,002,497.29 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 92,487,274.24 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 56,109,001.33 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