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 made to holders of various classes of certificates as of September 30, 2005, with distributions occurring on October 20, 2005. The summary includes beginning balances, interest rates, distributions, and any realized losses, confirming 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 f14512cexv10w1.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: SEPTEMBER 30, 2005 DISTRIBUTION DATE: OCTOBER 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ A-1 81744FGY7 SEN 4.01625% 154,267,933.19 513,105.91 A-2 81744FGZ4 SEN 4.29000% 91,512,312.98 327,156.52 A-R 81744FHJ9 REZ 4.07632% 0.00 0.34 X-A 81744FHD2 IO 0.79384% 0.00 161,872.71 B-1 81744FHA8 SUB 4.18625% 6,016,000.00 20,906.74 B-2 81744FHB6 SUB 4.46625% 3,266,000.00 12,109.12 X-B 81744FHE0 IO 0.62714% 0.00 4,832.32 B-3 81744FHC4 SUB 4.91191% 1,890,000.00 7,706.64 B-4 81744FHF7 SUB 4.91191% 1,231,000.00 5,019.51 B-5 81744FHG5 SUB 4.91191% 687,000.00 2,801.30 B-6 81744FHH3 SUB 4.91191% 1,549,605.55 6,318.65 -------------- ------------ Totals 260,419,851.72 1,061,829.76 ============== ============ Current Ending Principal Realized Certificate Total Cumulative Class Distribution Loss Balance Distribution Realized Loss - ------ ------------- -------- -------------- ------------- ------------- A-1 6,768,233.83 0.00 147,499,699.36 7,281,339.74 0.00 A-2 8,554,107.45 0.00 82,958,205.53 8,881,263.97 0.00 A-R 0.00 0.00 0.00 0.34 0.00 X-A 0.00 0.00 0.00 161,872.71 0.00 B-1 0.00 0.00 6,016,000.00 20,906.74 0.00 B-2 0.00 0.00 3,266,000.00 12,109.12 0.00 X-B 0.00 0.00 0.00 4,832.32 0.00 B-3 0.00 0.00 1,890,000.00 7,706.64 0.00 B-4 0.00 0.00 1,231,000.00 5,019.51 0.00 B-5 0.00 0.00 687,000.00 2,801.30 0.00 B-6 0.00 0.00 1,549,605.55 6,318.65 0.00 ------------- ---- -------------- ------------- ---- Totals 15,322,341.28 0.00 245,097,510.44 16,384,171.04 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
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ ------------- --------- A-1 202,462,000.00 154,267,933.19 0.00 6,768,233.83 0.00 A-2 126,737,000.00 91,512,312.98 2.29 8,554,105.16 0.00 A-R 100.00 0.00 0.00 0.00 0.00 X-A 0.00 0.00 0.00 0.00 0.00 B-1 6,016,000.00 6,016,000.00 0.00 0.00 0.00 B-2 3,266,000.00 3,266,000.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 B-3 1,890,000.00 1,890,000.00 0.00 0.00 0.00 B-4 1,231,000.00 1,231,000.00 0.00 0.00 0.00 B-5 687,000.00 687,000.00 0.00 0.00 0.00 B-6 1,549,605.55 1,549,605.55 0.00 0.00 0.00 -------------- -------------- ---- ------------- ---- Totals 343,838,705.55 260,419,851.72 2.29 15,322,338.99 0.00 ============== ============== ==== ============= ==== Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- ------------- -------------- ----------- ------------- A-1 0.00 6,768,233.83 147,499,699.36 0.72853029 6,768,233.83 A-2 0.00 8,544,107.54 82,958,205.53 0.65456974 8,554,107.45 A-R 0.00 0.00 0.00 0.00000000 0.00 X-A 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 6,016,000.00 1.00000000 0.00 B-2 0.00 0.00 3,266,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-3 0.00 0.00 1,890,000.00 1.00000000 0.00 B-4 0.00 0.00 1,231,000.00 1.00000000 0.00 B-5 0.00 0.00 687,000.00 1.00000000 0.00 B-6 0.00 0.00 1,549,605.55 1.00000000 0.00 ---- ------------- -------------- ---------- ------------- Totals 0.00 15,322,341.28 245,097,510.44 0.71282699 15,322,341.28 ==== ============= ============== ========== =============
(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
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ------ -------------- ------------- ------------ ------------ ---------- A-1 202,462,000.00 761.95993910 0.00000000 33.42965016 0.00000000 A-2 126,737,000.00 722.06469287 0.00001807 67.49493171 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,016,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 3,266,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-3 1,890,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,231,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 1,549,605.55 1000.00000000 0.00000000 0.00000000 0.00000000 Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution - ------ ---------- ----------- ------------- ----------- ------------ A-1 0.00000000 33.42965016 728.53028894 0.72853029 33.42965016 A-2 0.00000000 67.49494978 654.56974309 0.65456974 67.49494978 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 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
Beginning Payment of Current Certificate/ Current Unpaid Current Original Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall - ------ -------------- ----------- -------------- ------------ ---------- --------- A-1 202,462,000.00 4.01625% 154,267,933.19 516,315.49 0.00 0.00 A-2 126,737,000.00 4.29000% 91,512,312.98 327,156.52 0.00 0.00 A-R 100.00 4.07632% 0.00 0.00 0.00 0.00 X-A 0.00 0.79384% 245,780,246.17 162,591.23 0.00 0.00 B-1 6,016,000.00 4.18625% 6,016,000.00 20,987.07 0.00 0.00 B-2 3,266,000.00 4.46625% 3,266,000.00 12,155.64 0.00 0.00 X-B 0.00 0.62714% 9,282,000.00 4,850.89 0.00 0.00 B-3 1,890,000.00 4.91191% 1,890,000.00 7,736.25 0.00 0.00 B-4 1,231,000.00 4.91191% 1,231,000.00 5,038.80 0.00 0.00 B-5 687,000.00 4.91191% 687,000.00 2,812.07 0.00 0.00 B-6 1,549,605.55 4.91191% 1,549,605.55 6,342.93 0.00 0.00 -------------- ------------ ---- ---- Totals 343,838,705.55 1,065,986.89 0.00 0.00 ============== ============ ==== ==== Remaining Ending Non-Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------ ------------- -------- -------------- --------- -------------- A-1 3,209.58 0.00 513,105.91 0.00 147,499,699.36 A-2 0.00 0.00 327,156.52 0.00 82,958,205.53 A-R 0.00 0.00 0.34 0.00 0.00 X-A 718.52 0.00 161,872.71 0.00 230,457,904.89 B-1 80.33 0.00 20,906.74 0.00 6,016,000.00 B-2 46.53 0.00 12,109.12 0.00 3,266,000.00 X-B 18.57 0.00 4,832.32 0.00 9,282,000.00 B-3 29.61 0.00 7,706.64 0.00 1,890,000.00 B-4 19.29 0.00 5,019.51 0.00 1,231,000.00 B-5 10.76 0.00 2,801.30 0.00 687,000.00 B-6 24.28 0.00 6,318.65 0.00 1,549,605.55 -------- ---- ------------ ---- Totals 4,157.47 0.00 1,061,829.76 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 Current Certificate/ Current Unpaid Current Class Original Certificate Notional Accrued Interest Interest (5) Face Amount Rate Balance Interest Shortfall Shortfall - ----- -------------- ----------- ------------- ---------- ---------- ---------- A-1 202,462,000.00 4.01625% 761.95993910 2.55018468 0.00000000 0.00000000 A-2 126,737,000.00 4.29000% 722.06469287 2.58138129 0.00000000 0.00000000 A-R 100.00 4.07632% 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.79384% 746.60082859 0.49389953 0.00000000 0.00000000 B-1 6,016,000.00 4.18625% 1000.00000000 3.48854222 0.00000000 0.00000000 B-2 3,266,000.00 4.46625% 1000.00000000 3.71287385 0.00000000 0.00000000 X-B 0.00 0.62714% 1000.00000000 0.52261258 0.00000000 0.00000000 B-3 1,890,000.00 4.91191% 1000.00000000 4.09325397 0.00000000 0.00000000 B-4 1,231,000.00 4.91191% 1000.00000000 4.09325751 0.00000000 0.00000000 B-5 687,000.00 4.91191% 1000.00000000 4.09326055 0.00000000 0.00000000 B-6 1,549,605.55 4.91191% 1000.00000000 4.09325457 0.00000000 0.00000000 Non- Remaining Ending Supported Unpaid Certificate/ Class Interest Realized Total Interest Interest Notational (5) Shortfall Loss (6) Distribution Shortfall Balance - ----- ---------- ---------- -------------- ---------- ------------- A-1 0.01585275 0.00000000 2.53433192 0.00000000 728.53028894 A-2 0.00000000 0.00000000 2.58138129 0.00000000 654.56974309 A-R 0.00000000 0.00000000 3.40000000 0.00000000 0.00000000 X-A 0.00218263 0.00000000 0.49171689 0.00000000 700.05651563 B-1 0.01335273 0.00000000 3.47518949 0.00000000 1000.00000000 B-2 0.01424679 0.00000000 3.70763013 0.00000000 1000.00000000 X-B 0.00200065 0.00000000 0.52061194 0.00000000 1000.00000000 B-3 0.01566667 0.00000000 4.07758730 0.00000000 1000.00000000 B-4 0.01567019 0.00000000 4.07758733 0.00000000 1000.00000000 B-5 0.01566230 0.00000000 4.07758370 0.00000000 1000.00000000 B-6 0.01566850 0.00000000 4.07758607 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 16,472,766.99 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 20,132.11 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 16,492,899.10 Withdrawals Reimbursement for Servicer Advances 22,314.95 Payment of Service Fee 86,413.11 Payment of Interest and Principal 16,384,171.04 ------------- Total Withdrawals (Pool Distribution Amount) 16,492,899.10 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 4,157.47 ========
SERVICING FEES Gross Servicing Fee 82,615.32 Master Servicing Fee 3,797.79 Supported Prepayment/Curtailment Interest Shortfall 0.00 --------- Net Servicing Fee 86,413.11 =========
OTHER ACCOUNTS
Account Type Beginning Balance Current Withdrawals Current Deposits Ending 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 13 4,467,484.71 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 406,844.15 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 --- ------------ --- ---- --- ---- 15 4,874,328.86 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 13 4,467,484.71 60 Days 0 0.00 60 Days 2 406,844.15 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 15 4,874,328.86
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 1.900585% 1.822728% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.292398% 0.165992% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 2.192982% 1.988720% 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 1.900585% 1.822728% 60 Days 0.000000% 0.000000% 60 Days 0.292398% 0.165992% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 2.192982% 1.988720%
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 5.97297195% 94.027028% 0.000000% Class B-1 8,623,605.55 2.50803805% 8,623,605.55 3.51843866% 2.454533% 41.094003% Class B-2 5,357,605.55 1.55817407% 5,357,605.55 2.18590778% 1.332531% 22.309344% Class B-3 3,467,605.55 1.00849773% 3,467,605.55 1.41478612% 0.771122% 12.910184% Class B-4 2,236,605.55 0.65048103% 2,236,605.55 0.91253703% 0.502249% 8.408697% Class B-5 1,549,605.55 0.45067804% 1,549,605.55 0.63224043% 0.280297% 4.692749% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.632240% 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 7 2,895,486.86 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 232,000.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --- ------------ --- ---- --- ---- 8 3,127,486.86 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 7 2,895,486.86 60 Days 0 0.00 60 Days 1 232,000.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --- ---- --- ------------ 0 0.00 8 3,127,486.86
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 1.662708% 1.849979% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.237530% 0.148229% 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% -------- -------- -------- -------- -------- -------- 1.900238% 1.998208% 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 1.662708% 1.849979% 60 Days 0.000000% 0.000000% 60 Days 0.237530% 0.148229% 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% 1.900238% 1.998208%
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- ------------------------------ ------------------------------ GROUP TWO 1.183654% No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------ ------ --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 6 1,571,997.85 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 174,844.15 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 --- ------------ --- ---- --- ---- 7 1,746,842.00 0 0.00 0 0.00 REO TOTAL - ------------------------------ --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 6 1,571,997.85 60 Days 0 0.00 60 Days 1 174,844.15 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 7 1,746,842.00
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 2.281369% 1.774580% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.380228% 0.197376% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 2.661597% 1.971956% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 2.281369% 1.774580% 60 Days 0.000000% 0.000000% 60 Days 0.380228% 0.197376% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 2.661597% 1.971956%
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.235810% Weighted Average Net Coupon 4.855123% Weighted Average Pass-Through Rate 4.837624% Weighted Average Maturity (Stepdown Calculation) 330 Beginning Scheduled Collateral Loan Count 728 Number of Loans Paid in Full 44 Ending Scheduled Collateral Loan Count 684 Beginning Scheduled Collateral Balance 260,419,851.72 Ending Scheduled Collateral Balance 245,097,510.44 Ending Actual Collateral Balance at 30-Sept-2005 245,098,846.58 Monthly P&I Constant 1,136,259.72 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 16,328,404.52 Scheduled Principal 2.29 Unscheduled Principal 15,322,338.99
MISCELLANEOUS REPORTING Pro Rata Senior Percent 94.378460% Pro Rata Subordinate Percent 5.621540%
GROUP ONE TWO TOTAL - ------------------------------- -------------- ------------- -------------- Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.192637 5.308381 5.235810 Weighted Average Net Rate 4.814215 4.923888 4.855123 Pass-Through Rate 4.796715 4.906388 4.837624 Weighted Average Maturity 327 335 330 Record Date 09/30/2005 09/30/2005 09/30/2005 Principal and Interest Constant 706,553.14 429,706.31 1,136,259.72 Beginning Loan Count 443 285 728 Loans Paid in Full 22 22 44 Ending Loan Count 421 263 684 Beginning Scheduled Balance 163,281,986.14 97,137,865.58 260,419,851.72 Ending Scheduled Balance 156,513,752.31 88,583,758.13 245,097,510.44 Scheduled Principal 0.00 2.29 2.29 Unscheduled Principal 6,768,233.83 8,554,105.16 15,322,338.99 Scheduled Interest 706,553.41 429,704.02 1,136,257.43 Servicing Fee 51,491.31 31,124.01 82,615.32 Master Servicing Fee 2,381.20 1,416.59 3,797.79 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 652,680.90 397,163.42 1,049,844.32 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 One One Month Libor Loan Balance 95,157,331.37 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 61,356,420.94 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