SMT Series 2005-3 Certificateholder Distribution Summary by Wells Fargo Bank Minnesota, N.A.

Summary

This document is a distribution summary for certificateholders of the SMT Series 2005-3, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of December 30, 2005, with distributions occurring on January 20, 2006. The summary includes beginning and ending balances, interest rates, realized losses, and payment factors for each certificate class. It also outlines account activity, including deposits, withdrawals, and servicer advances, providing a transparent record of payments and account status for investors.

EX-10.1 2 f17277dexv10w1.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 2005-3
Record Date: December 30, 2005
Distribution Date: January 20, 2006

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-R		81744FHN0	SEN		5.09746	%		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A-1		81744FHK6	SEN		4.57000	%		249,536,095.38		949,774.01		12,675,127.56		0.00		236,860,967.82		13,624,901.57		0.00
B-1		81744FHP5	SUB		4.74000	%		6,208,000.00		24,507.60		0.00		0.00		6,208,000.00		24,507.60		0.00
B-2		81744FHQ3	SUB		5.01000	%		3,287,000.00		13,715.39		0.00		0.00		3,287,000.00		13,715.39		0.00
B-3		81744FHR1	SUB		5.17141	%		2,374,000.00		10,224.92		0.00		0.00		2,374,000.00		10,224.92		0.00
B-4		81744FHS9	SUB		5.17141	%		1,095,000.00		4,716.21		0.00		0.00		1,095,000.00		4,716.21		0.00
B-5		81744FHT7	SUB		5.17141	%		731,000.00		3,148.45		0.00		0.00		731,000.00		3,148.45		0.00
B-6		81744FHU4	SUB		5.17141	%		1,826,168.26		7,865.39		0.00		0.00		1,826,168.26		7,865.39		0.00
X-A		81744FHL4	IO		0.60141	%		0.00		124,989.19		0.00		0.00		0.00		124,989.19		0.00
X-B		81744FHM2	IO		0.33794	%		0.00		2,672.40		0.00		0.00		0.00		2,672.40		0.00

Totals								265,057,263.64		1,141,613.56		12,675,127.56		0.00		252,382,136.08		13,816,741.12		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-R		100.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.000000		0.00
A-1		349,687,000.00		249,536,095.38		1,752.89		12,673,374.67		0.00		0.00		12,675,127.56		236,860,967.82		0.677351		12,675,127.56
B-1		6,208,000.00		6,208,000.00		0.00		0.00		0.00		0.00		0.00		6,208,000.00		1.000000		0.00
B-2		3,287,000.00		3,287,000.00		0.00		0.00		0.00		0.00		0.00		3,287,000.00		1.000000		0.00
B-3		2,374,000.00		2,374,000.00		0.00		0.00		0.00		0.00		0.00		2,374,000.00		1.000000		0.00
B-4		1,095,000.00		1,095,000.00		0.00		0.00		0.00		0.00		0.00		1,095,000.00		1.000000		0.00
B-5		731,000.00		731,000.00		0.00		0.00		0.00		0.00		0.00		731,000.00		1.000000		0.00
B-6		1,826,168.26		1,826,168.26		0.00		0.00		0.00		0.00		0.00		1,826,168.26		1.000000		0.00
X-A		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.000000		0.00
X-B		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.000000		0.00

Totals		365,208,268.26		265,057,263.64		1,752.89		12,673,374.67		0.00		0.00		12,675,127.56		252,382,136.08		0.691064		12,675,127.56

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-R		100.00		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000
A-1		349,687,000.00		713.598433		0.005013		36.242053		0.000000		0.000000		36.247065		677.351368		0.677351		36.247065
B-1		6,208,000.00		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000
B-2		3,287,000.00		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000
B-3		2,374,000.00		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000
B-4		1,095,000.00		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000
B-5		731,000.00		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000
B-6		1,826,168.26		1000.000000		0.000000		0.000000		0.000000		0.000000		0.000000		1000.000000		1.000000		0.000000
X-A		0.00		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000
X-B		0.00		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		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-R		N/A		N/A		5.09746	%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A-1		12/20/05 – 01/19/06		30		4.57000	%		249,536,095.38		950,316.63		0.00		0.00		542.62		949,774.01		0.00		236,860,967.82
B-1		12/20/05 – 01/19/06		30		4.74000	%		6,208,000.00		24,521.60		0.00		0.00		14.00		24,507.60		0.00		6,208,000.00
B-2		12/20/05 – 01/19/06		30		5.01000	%		3,287,000.00		13,723.23		0.00		0.00		7.84		13,715.39		0.00		3,287,000.00
B-3		12/01/05 – 12/30/05		30		5.17141	%		2,374,000.00		10,230.77		0.00		0.00		5.84		10,224.92		0.00		2,374,000.00
B-4		12/01/05 – 12/30/05		30		5.17141	%		1,095,000.00		4,718.91		0.00		0.00		2.69		4,716.21		0.00		1,095,000.00
B-5		12/01/05 – 12/30/05		30		5.17141	%		731,000.00		3,150.25		0.00		0.00		1.80		3,148.45		0.00		731,000.00
B-6		12/01/05 – 12/30/05		30		5.17141	%		1,826,168.26		7,869.88		0.00		0.00		4.49		7,865.39		0.00		1,826,168.26
X-A		12/01/05 – 12/30/05		30		0.60141	%		249,536,095.38		125,060.60		0.00		0.00		71.41		124,989.19		0.00		236,860,967.82
X-B		12/01/05 – 12/30/05		30		0.33794	%		9,495,000.00		2,673.93		0.00		0.00		1.53		2,672.40		0.00		9,495,000.00

Totals											1,142,265.80		0.00		0.00		652.22		1,141,613.56		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-R		N/A		100.00		5.09746	%		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000
A-1		12/20/05 – 01/19/06		349,687,000.00		4.57000	%		713.598433		2.717621		0.000000		0.000000		0.001552		2.716069		0.000000		677.351368
B-1		12/20/05 – 01/19/06		6,208,000.00		4.74000	%		1000.000000		3.950000		0.000000		0.000000		0.002255		3.947745		0.000000		1000.000000
B-2		12/20/05 – 01/19/06		3,287,000.00		5.01000	%		1000.000000		4.175002		0.000000		0.000000		0.002385		4.172616		0.000000		1000.000000
B-3		12/01/05 – 12/30/05		2,374,000.00		5.17141	%		1000.000000		4.309507		0.000000		0.000000		0.002460		4.307043		0.000000		1000.000000
B-4		12/01/05 – 12/30/05		1,095,000.00		5.17141	%		1000.000000		4.309507		0.000000		0.000000		0.002457		4.307041		0.000000		1000.000000
B-5		12/01/05 – 12/30/05		731,000.00		5.17141	%		1000.000000		4.309508		0.000000		0.000000		0.002462		4.307045		0.000000		1000.000000
B-6		12/01/05 – 12/30/05		1,826,168.26		5.17141	%		1000.000000		4.309504		0.000000		0.000000		0.002459		4.307046		0.000000		1000.000000
X-A		12/01/05 – 12/30/05		0.00		0.60141	%		713.598433		0.357636		0.000000		0.000000		0.000204		0.357432		0.000000		677.351368
X-B		12/01/05 – 12/30/05		0.00		0.33794	%		1000.000000		0.281615		0.000000		0.000000		0.000161		0.281453		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			13,897,359.97
Reserve Funds and Credit Enhancements			0.00
Proceeds from Repurchased Loans			0.00
Servicer Advances			27,840.78
Realized Loss (Gains, Subsequent Expenses & Recoveries)			0.00
Prepayment Penalties			0.00
Swap/Cap Payments			0.00

Total Deposits			13,925,200.75

Withdrawals
Swap Payments			0.00
Reserve Funds and Credit Enhancements			0.00
Reimbursement of Servicer Advances			21,598.31
Total Administration Fees			86,861.32
Payment of Interest and Principal			13,816,741.12

Total Withdrawals (Pool Distribution Amount)			13,925,200.75

Ending Balance			0.00

Prepayment/Curtailment Interest Shortfall


Total Prepayment/Curtailment Interest Shortfall			652.22
Servicing Fee Support			0.00


Non-Supported Prepayment Curtailment Interest Shortfall			652.22

Administration Fees


Gross Servicing Fee*			83,216.78
Master Servicing Fee			3,644.54
Supported Prepayment/Curtailment Interest Shortfall			0.00


Total Administration Fees			86,861.32


*		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

Other Accounts


	Beginning		Current		Current		Ending
Account Type	Balance		Withdrawals		Deposits		Balance

Reserve Fund		5,000.00		0.00		0.00		5,000.00
Reserve Fund		5,000.00		0.00		0.00		5,000.00

Collateral Statement


Collateral Description	Mixed ARM
Weighted Average Gross Coupon		5.563712	%
Weighted Average Net Coupon		5.186963	%
Weighted Average Pass-Through Rate		5.170463	%
Weighted Average Remaining Term		330

Beginning Scheduled Collateral Loan Count		787
Number of Loans Paid in Full		40
Ending Scheduled Collateral Loan Count		747

Beginning Scheduled Collateral Balance		265,057,263.64
Ending Scheduled Collateral Balance		252,382,136.08
Ending Actual Collateral Balance at 30-Dec-2005		252,383,132.73

Monthly P&I Constant		1,230,671.50
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
Realized Loss Amount		0.00
Cumulative Realized Loss		0.00

Scheduled Principal		1,752.89
Unscheduled Principal		12,673,374.67

Additional Reporting – Deal Level

Miscellaneous Reporting


Senior Percentage	94.144221	%
Senior Prepayment Percentage	100.000000	%
Subordinate Prepayment Percentage	0.000000	%
Subordinate Percentage	5.855779	%

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		14			5,426,394.77		30 Days		0			0.00		30 Days		0			0.00		30 Days		0			0.00		30 Days		14			5,426,394.77
60 Days		1			650,000.00		60 Days		0			0.00		60 Days		0			0.00		60 Days		0			0.00		60 Days		1			650,000.00
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		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		1			280,700.00		180+ Days		0			0.00		180+ Days		0			0.00		180+ Days		0			0.00		180+ Days		1			280,700.00

		16			6,357,094.77				0			0.00				0			0.00				0			0.00				16			6,357,094.77

	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		1.874163	%		2.150062	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		1.874163	%		2.150062	%
60 Days		0.133869	%		0.257545	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.133869	%		0.257545	%
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		0.000000	%		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		0.133869	%		0.111220	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.133869	%		0.111220	%

		2.141901	%		2.518827	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			2.141901	%		2.518827	%


Current Period Class A Insufficient Funds:			0.00			Principal Balance of Contaminated Properties					0.00			Periodic Advance					27,840.78