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

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2005-2 trust. It summarizes the interest and principal payments made to holders of various classes of certificates as of April 29, 2005, with distributions occurring on May 20, 2005. The statement details the amounts distributed, remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 2 f09857cexv10w1.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: APRIL 29, 2005 DISTRIBUTION DATE: MAY 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Current Ending Certificate Class CUSIP Description Rate Certificate Balance Distribution Distribution Realized Loss Balance - ------ --------- ----------- ------------ ------------------- ------------ -------------- ------------- ------------------ A-1 81744FGY7 SEN 3.21000% 197,115,552.71 526,450.21 2,304,562.85 0.00 194,810,989.86 A-2 81744FGZ4 SEN 3.36000% 122,518,522.86 343,051.86 5,893,865.91 0.00 116,624,656.95 A-R 81744FHJ9 REZ 3.81706% 0.00 0.42 0.00 0.00 0.00 X-A 81744FHD2 IO 0.52654% 0.00 140,097.91 0.00 0.00 0.00 B-1 81744FHA8 SUB 3.38000% 6,016,000.00 16,928.57 0.00 0.00 6,016,000.00 B-2 81744FHB6 SUB 3.66000% 3,266,000.00 9,951.60 0.00 0.00 3,266,000.00 X-B 81744FHE0 IO 0.31550% 0.00 2,438.04 0.00 0.00 0.00 B-3 81744FHC4 SUB 3.79402% 1,890,000.00 5,969.77 0.00 0.00 1,890,000.00 B-4 81744FHF7 SUB 3.79402% 1,231,000.00 3,888.25 0.00 0.00 1,231,000.00 B-5 81744FHG5 SUB 3.79402% 687,000.00 2,169.96 0.00 0.00 687,000.00 B-6 81744FHH3 SUB 3.79402% 1,549,605.55 4,894.60 0.00 0.00 1,549,605.55 -------------- ------------ ------------ ---- -------------- Totals 334,273,681.12 1,055,841.19 8,198,428.76 0.00 326,075,252.36 -------------- ------------ ------------ ---- -------------- Total Cumulative Class Distribution Realized Loss - ------ ------------- ------------- A-1 2,831,013.06 0.00 A-2 6,236,917.77 0.00 A-R 0.42 0.00 X-A 140,097.91 0.00 B-1 16,928.57 0.00 B-2 9,951.60 0.00 X-B 2,438.04 0.00 B-3 5,969.77 0.00 B-4 3,888.25 0.00 B-5 2,169.96 0.00 B-6 4,894.60 0.00 ------------ ---- Totals 9,254,269.95 0.00 ------------ ----
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ------ -------------- -------------- ------------ ------------ --------- -------- --------------- ------------------ A-1 202,462,000.00 197,115,552.71 611.52 2,303,951.33 0.00 0.00 2,304,562.85 194,810,989.86 A-2 126,737,000.00 122,518,522.86 481.99 5,893,383.92 0.00 0.00 5,893,865.91 116,624,656.95 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 B-2 3,266,000.00 3,266,000.00 0.00 0.00 0.00 0.00 0.00 3,266,000.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-3 1,890,000.00 1,890,000.00 0.00 0.00 0.00 0.00 0.00 1,890,000.00 B-4 1,231,000.00 1,231,000.00 0.00 0.00 0.00 0.00 0.00 1,231,000.00 B-5 687,000.00 687,000.00 0.00 0.00 0.00 0.00 0.00 687,000.00 B-6 1,549,605.55 1,549,605.55 0.00 0.00 0.00 0.00 0.00 1,549,605.55 -------------- -------------- -------- ------------ ---- ---- ------------ -------------- Totals 343,838,705.55 334,273,681.12 1,093.51 8,197,335.25 0.00 0.00 8,198,428.76 326,075,252.36 -------------- -------------- -------- ------------ ---- ---- ------------ -------------- Ending Certificate Total Principal Class Percentage Distribution - ------ ------------------ --------------- A-1 0.96221014 2,304,562.85 A-2 0.92021002 5,893,865.91 A-R 0.00000000 0.00 X-A 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 X-B 0.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 ---------- ------------ Totals 0.94833783 8,198,428.76 ---------- ------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- -------------- ------------- ------------ ------------ ----------- ---------- --------------- ------------------ A-1 202,462,000.00 973.59283574 0.00302042 11.37967288 0.00000000 0.00000000 11.38269330 962.21014245 A-2 126,737,000.00 966.71471520 0.00380307 46.50089492 0.00000000 0.00000000 46.50469800 920.21001720 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 0.96221014 11.38269330 A-2 0.92021002 46.50469800 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 Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Total Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ------ -------------- ---------------- -------------- ------------ ---------- --------- -------- -------- -------------- A-1 202,462,000.00 3.21000% 197,115,552.71 527,284.10 0.00 0.00 833.90 0.00 526,450.21 A-2 126,737,000.00 3.36000% 122,518,522.86 343,051.86 0.00 0.00 0.00 0.00 343,051.86 A-R 100.00 3.81706% 0.00 0.00 0.00 0.00 0.00 0.00 0.42 X-A 0.00 0.52654% 319,634,075.57 140,251.18 0.00 0.00 153.27 0.00 140,097.91 B-1 6,016,000.00 3.38000% 6,016,000.00 16,945.07 0.00 0.00 16.50 0.00 16,928.57 B-2 3,266,000.00 3.66000% 3,266,000.00 9,961.30 0.00 0.00 9.70 0.00 9,951.60 X-B 0.00 0.31550% 9,282,000.00 2,440.42 0.00 0.00 2.38 0.00 2,438.04 B-3 1,890,000.00 3.79402% 1,890,000.00 5,975.59 0.00 0.00 5.82 0.00 5,969.77 B-4 1,231,000.00 3.79402% 1,231,000.00 3,892.04 0.00 0.00 3.79 0.00 3,888.25 B-5 687,000.00 3.79402% 687,000.00 2,172.08 0.00 0.00 2.12 0.00 2,169.96 B-6 1,549,605.55 3.79402% 1,549,605.55 4,899.37 0.00 0.00 4.77 0.00 4,894.60 -------------- ------------ ---- ---- -------- ---- ------------ Totals 343,838,705.55 1,056,873.01 0.00 0.00 1,032.25 0.00 1,055,841.19 -------------- ------------ ---- ---- -------- ---- ------------ Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ------ --------- -------------- A-1 0.00 194,810,989.86 A-2 0.00 116,624,656.95 A-R 0.00 0.00 X-A 0.00 311,435,646.81 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 3.21000% 973.59283574 2.60436082 0.00000000 0.00000000 0.00411880 0.00000000 A-2 126,737,000.00 3.36000% 966.71471520 2.70680117 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.81706% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.52654% 970.94485576 0.42603769 0.00000000 0.00000000 0.00046558 0.00000000 B-1 6,016,000.00 3.38000% 1000.00000000 2.81666722 0.00000000 0.00000000 0.00274269 0.00000000 B-2 3,266,000.00 3.66000% 1000.00000000 3.05000000 0.00000000 0.00000000 0.00296999 0.00000000 X-B 0.00 0.31550% 1000.00000000 0.26291963 0.00000000 0.00000000 0.00025641 0.00000000 B-3 1,890,000.00 3.79402% 1000.00000000 3.16168783 0.00000000 0.00000000 0.00307937 0.00000000 B-4 1,231,000.00 3.79402% 1000.00000000 3.16168968 0.00000000 0.00000000 0.00307880 0.00000000 B-5 687,000.00 3.79402% 1000.00000000 3.16168850 0.00000000 0.00000000 0.00308588 0.00000000 B-6 1,549,605.55 3.79402% 1000.00000000 3.16168847 0.00000000 0.00000000 0.00307820 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ---------- ------------------- A-1 2.60024207 0.00000000 962.21014245 A-2 2.70680117 0.00000000 920.21001720 A-R 4.20000000 0.00000000 0.00000000 X-A 0.42557210 0.00000000 946.04068302 B-1 2.81392453 0.00000000 1000.00000000 B-2 3.04703001 0.00000000 1000.00000000 X-B 0.26266322 0.00000000 1000.00000000 B-3 3.15860847 0.00000000 1000.00000000 B-4 3.15861089 0.00000000 1000.00000000 B-5 3.15860262 0.00000000 1000.00000000 B-6 3.15861027 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 9,365,680.34 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 9,365,680.34 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 111,410.39 Payment of Interest and Principal 9,254,269.95 ------------ Total Withdrawals (Pool Distribution Amount) 9,365,680.34 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 1,032.25 ========
SERVICING FEES Gross Servicing Fee 106,535.56 Master Servicing Fee 4,874.83 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 111,410.39 ==========
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 13 3,677,900.75 60 Days 2 729,998.96 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------ 15 4,407,899.71
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.465614% 1.127927% 60 Days 0.225479% 0.223874% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.691094% 1.351801%
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 13 3,677,900.75 60 Days 2 729,998.96 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------ 15 4,407,899.71
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.465614% 1.127927% 60 Days 0.225479% 0.223874% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.691094% 1.351801%
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 4.48964018% 95.510360% 0.000000% Class B-1 8,623,605.55 2.50803805% 8,623,605.55 2.64466729% 1.844973% 41.094003% Class B-2 5,357,605.55 1.55817407% 5,357,605.55 1.64305801% 1.001609% 22.309344% Class B-3 3,467,605.55 1.00849773% 3,467,605.55 1.06343721% 0.579621% 12.910184% Class B-4 2,236,605.55 0.65048103% 2,236,605.55 0.68591699% 0.377520% 8.408697% Class B-5 1,549,605.55 0.45067804% 1,549,605.55 0.47522943% 0.210688% 4.692749% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.475229% 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 2,641,940.80 60 Days 1 80,000.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ------------ 9 2,721,940.80
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.486989% 1.296179% 60 Days 0.185874% 0.039249% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.672862% 1.335428%
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 2,641,940.80 60 Days 1 80,000.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ------------ 9 2,721,940.80
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.486989% 1.296179% 60 Days 0.185874% 0.039249% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.672862% 1.335428%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 5 1,035,959.95 60 Days 1 649,998.96 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------ 6 1,685,958.91
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.432665% 0.847406% 60 Days 0.286533% 0.531693% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.719198% 1.379099%
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 5 1,035,959.95 60 Days 1 649,998.96 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ------------ 6 1,685,958.91
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.432665% 0.847406% 60 Days 0.286533% 0.531693% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.719198% 1.379099%
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 4.193990% Weighted Average Net Coupon 3.811541% Weighted Average Pass-Through Rate 3.794041% Weighted Average Maturity (Stepdown Calculation) 335 Beginning Scheduled Collateral Loan Count 910 Number of Loans Paid in Full 23 Ending Scheduled Collateral Loan Count 887 Beginning Scheduled Collateral Balance 334,273,681.12 Ending Scheduled Collateral Balance 326,075,252.36 Ending Actual Collateral Balance at 29-Apr-2005 326,076,063.56 Monthly P&I Constant 1,169,377.18 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 9,209,015.91 Scheduled Principal 1,093.51 Unscheduled Principal 8,197,335.25
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.620473% Pro Rata Subordinate Percent 4.379527%
GROUP ONE TWO TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.198311 4.187039 4.193990 Weighted Average Net Rate 3.817496 3.801961 3.811541 Pass-Through Rate 3.799996 3.784461 3.794041 Weighted Average Maturity 332 340 335 Record Date 04/29/2005 04/29/2005 04/29/2005 Principal and Interest Constant 721,774.99 447,602.19 1,169,377.18 Beginning Loan Count 547 363 910 Loans Paid in Full 9 14 23 Ending Loan Count 538 349 887 Beginning Scheduled Balance 206,129,605.66 128,144,075.46 334,273,681.12 Ending Scheduled Balance 203,825,042.81 122,250,209.55 326,075,252.36 Scheduled Principal 611.52 481.99 1,093.51 Unscheduled Principal 2,303,951.33 5,893,383.92 8,197,335.25 Scheduled Interest 721,163.47 447,120.20 1,168,283.67 Servicing Fee 65,414.30 41,121.26 106,535.56 Master Servicing Fee 3,006.06 1,868.77 4,874.83 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 652,743.11 404,130.17 1,056,873.28 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 108,232,814.30 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 95,592,228.51 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