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

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Summary

This document is a distribution summary prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2005-3 trust. It details the principal and interest payments made to holders of various classes of certificates as of August 31, 2005, with distributions occurring on September 20, 2005. The summary includes beginning and ending balances, distribution amounts, interest rates, and any realized losses. All calculations are made in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 2 f13148cexv10w1.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 2005-3 RECORD DATE: AUGUST 31, 2005 DISTRIBUTION DATE: SEPTEMBER 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ A-R 81744FHN0 SEN 4.67977% 0.00 0.00 A-1 81744FHK6 SEN 3.80938% 310,199,261.79 984,772.39 B-1 81744FHP5 SUB 3.97938% 6,208,000.00 20,586.66 B-2 81744FHQ3 SUB 4.24938% 3,287,000.00 11,639.76 B-3 81744FHR1 SUB 4.56544% 2,374,000.00 9,031.96 B-4 81744FHS9 SUB 4.56544% 1,095,000.00 4,165.96 B-5 81744FHT7 SUB 4.56544% 731,000.00 2,781.11 B-6 81744FHU4 SUB 4.56544% 1,826,168.26 6,947.72 X-A 81744FHL4 IO 0.75606% 0.00 195,440.58 X-B 81744FHM2 IO 0.49259% 0.00 3,897.61 -------------- ------------ Totals 325,720,430.05 1,239,213.75 ============== ============ Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Loss - ------ ------------- -------- -------------- ------------- ---------- A-R 0.00 0.00 0.00 0.00 0.00 A-1 17,240,701.13 0.00 292,958,560.66 18,225,423.52 0.00 B-1 0.00 0.00 6,208,000.00 20,586.66 0.00 B-2 0.00 0.00 3,287,000.00 11,639.76 0.00 B-3 0.00 0.00 2,374,000.00 9,031.96 0.00 B-4 0.00 0.00 1,095,000.00 4,165.96 0.00 B-5 0.00 0.00 731,000.00 2,781.11 0.00 B-6 0.00 0.00 1,826,168.26 6,947.72 0.00 X-A 0.00 0.00 0.00 195,440.58 0.00 X-B 0.00 0.00 0.00 3,897.61 0.00 ------------- ---- -------------- ------------- ---- Totals 17,240,701.13 0.00 308,479,728.92 18,479,914.88 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 Class Amount Balance Distribution Distribution Accretion Loss (1) - ------ -------------- -------------- ------------ ------------- --------- -------- A-R 100.00 0.00 0.00 0.00 0.00 0.00 A-1 349,687,000.00 310,199,261.79 3,307.45 17,237,393.68 0.00 0.00 B-1 6,208,000.00 6,208,000.00 0.00 0.00 0.00 0.00 B-2 3,287,000.00 3,287,000.00 0.00 0.00 0.00 0.00 B-3 2,374,000.00 2,374,000.00 0.00 0.00 0.00 0.00 B-4 1,095,000.00 1,095,000.00 0.00 0.00 0.00 0.00 B-5 731,000.00 731,000.00 0.00 0.00 0.00 0.00 B-6 1,826,168.26 1,826,168.26 0.00 0.00 0.00 0.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------- ---- ---- Totals 365,208,268.26 325,720,430.05 3,307.45 17,237,393.68 0.00 0.00 ============== ============== ======== ============= ==== ==== Ending Ending Total Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ------ --------------- -------------- ----------- ------------- A-R 0.00 0.00 0.00000000 0.00 A-1 17,240,701.13 292,958,560.66 0.83777367 17,240,701.13 B-1 0.00 6,208,000.00 1.00000000 0.00 B-2 0.00 3,287,000.00 1.00000000 0.00 B-3 0.00 2,374,000.00 1.00000000 0.00 B-4 0.00 1,095,000.00 1.00000000 0.00 B-5 0.00 731,000.00 1.00000000 0.00 B-6 0.00 1,826,168.26 1.00000000 0.00 X-A 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 17,240,701.13 308,479,728.92 0.84466798 17,240,701.13 ============= ============== ========== =============
(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 Class Amount Balance Distribution Distribution Accretion Loss (3) - ----- -------------- ------------- ------------ ------------ ---------- ---------- A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 349,687,000.00 887.07690532 0.00945832 42.29377895 0.00000000 0.00000000 B-1 6,208,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,287,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 2,374,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,095,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 731,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,826,168.26 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-R 0.00000000 0.00000000 0.00000000 0.00000000 A-1 49.30323727 837.77366805 0.83777367 49.30323727 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000 X-A 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 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 Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----- -------------- ---------------- -------------- ------------ ---------- --------- --------- -------- A-R 100.00 4.67977% 0.00 0.00 0.00 0.00 0.00 0.00 A-1 349,687,000.00 3.80938% 310,199,261.79 984,722.39 0.00 0.00 0.00 0.00 B-1 6,208,000.00 3.97938% 6,208,000.00 20,586.66 0.00 0.00 0.00 0.00 B-2 3,287,000.00 4.24938% 3,287,000.00 11,639.76 0.00 0.00 0.00 0.00 B-3 2,374,000.00 4.56544% 2,374,000.00 9,031.96 0.00 0.00 0.00 0.00 B-4 1,095,000.00 4.56544% 1,095,000.00 4,165.96 0.00 0.00 0.00 0.00 B-5 731,000.00 4.56544% 731,000.00 2,781.11 0.00 0.00 0.00 0.00 B-6 1,826,168.26 4.56544% 1,826,168.26 6,947.72 0.00 0.00 0.00 0.00 X-A 0.00 0.75606% 310,199,261.79 195,440.58 0.00 0.00 0.00 0.00 X-B 0.00 0.49259% 9,495,000.00 3,897.61 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- Totals 365,208,268.26 1,239,213.75 0.00 0.00 0.00 ============== ============ ==== ==== ==== Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- -------------- --------- -------------- A-R 0.00 0.00 0.00 A-1 984,722.39 0.00 292,958,560.66 B-1 20,586.66 0.00 6,208,000.00 B-2 11,639.76 0.00 3,287,000.00 B-3 9,031.96 0.00 2,374,000.00 B-4 4,165.96 0.00 1,095,000.00 B-5 2,781.11 0.00 731,000.00 B-6 6,947.72 0.00 1,826,168.26 X-A 195,440.58 0.00 292,958,560.66 X-B 3,897.61 0.00 9,495,000.00 ------------ ---- Totals 1,239,213.75 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 Non- Certificate/ Current Unpaid Current Supported Class Original Face Current Notional Accrued Interest Interest Interest Realized (5) Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- -------------- ---------------- ------------- ---------- ---------- ---------- ---------- ---------- A-R 100.00 4.67977% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 349,687,000.00 3.80938% 887.07690532 2.81601086 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,208,000.00 3.97938% 1000.00000000 3.31615013 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,287,000.00 4.24938% 1000.00000000 3.54114998 0.00000000 0.00000000 0.00000000 0.00000000 B-3 2,374,000.00 4.56544% 1000.00000000 3.80453243 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,095,000.00 4.56544% 1000.00000000 3.80452968 0.00000000 0.00000000 0.00000000 0.00000000 B-5 731,000.00 4.56544% 1000.00000000 3.80452804 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,826,168.26 4.56544% 1000.00000000 3.80453442 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.75606% 887.07690532 0.55890147 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.49259% 1000.00000000 0.41049078 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Unpaid Certificate/ Class Total Interest Interest Notational (5) Distribution Shortfall Balance - ----- -------------- ---------- ------------- A-R 0.00000000 0.00000000 0.00000000 A-1 2.81601086 0.00000000 837.77366805 B-1 3.31615013 0.00000000 1000.00000000 B-2 3.54114998 0.00000000 1000.00000000 B-3 3.80453243 0.00000000 1000.00000000 B-4 3.80452968 0.00000000 1000.00000000 B-5 3.80452804 0.00000000 1000.00000000 B-6 3.80453442 0.00000000 1000.00000000 X-A 0.55890147 0.00000000 837.77366805 X-B 0.41049078 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 18,626,897.76 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 23,689.27 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 18,650,587.03 Withdrawals Reimbursement for Servicer Advances 63,865.23 Payment of Service Fee 106,806.92 Payment of Interest and Principal 18,479,914.88 ------------- Total Withdrawals (Pool Distribution Amount) 18,650,587.03 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 0.00 ====
SERVICING FEES Gross Servicing Fee 102,328.26 Master Servicing Fee 4,478.66 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 106,806.92 ==========
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
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 16 5,149,913.08 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 1,147,370.86 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 --- ------------ --- ---- --- ---- 19 6,297,283.94 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 16 5,149,913.08 60 Days 0 0.00 60 Days 3 1,147,370.86 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 19 6,297,283.94
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 1.731602% 1.669443% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.324675% 0.371942% 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% -------- -------- -------- -------- -------- -------- 2.056277% 2.041386% 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 1.731602% 1.669443% 60 Days 0.000000% 0.000000% 60 Days 0.324675% 0.371942% 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% 2.056277% 2.041386%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 23,689.27 COLLATERAL STATEMENT
Collateral Description Mixed ARM - ---------------------- -------------- Weighted Average Gross Coupon 4.958929% Weighted Average Net Coupon 4.581938% Weighted Average Pass-Through Rate 4.565438% Weighted Average Maturity (Stepdown Calculation) 333 Beginning Scheduled Collateral Loan Count 978 Number of Loans Paid in Full 54 Ending Scheduled Collateral Loan Count 924 Beginning Scheduled Collateral Balance 325,720,430.05 Ending Scheduled Collateral Balance 308,479,728.92 Ending Actual Collateral Balance at 31-Aug-2005 308,480,840.98 Monthly P&I Constant 1,349,327.97 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 3,307.45 Unscheduled Principal 17,237,393.68
MISCELLANEOUS REPORTING Senior Percentage 1.000000% Senior Prepayment Percentage 1.000000% Subordinate Prepayment Percentage 0.000000% Subordinate Percentage 0.000000%