Wells Fargo Bank Minnesota, N.A. SMT Series 2005-3 Certificateholder Distribution Statement (July 29, 2005 Record Date)

Contract Categories: Business Operations › Administration Agreements
Summary

This document, prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator, summarizes the distribution of principal and interest to holders of various classes of certificates for the SMT Series 2005-3 as of the July 29, 2005 record date. It details the amounts distributed, remaining balances, and interest rates for each class of certificate, in accordance with the Pooling and Servicing Agreement. The statement is informational and outlines the financial results of the trust for the specified period.

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EX-10.1 2 f12318dexv10w1.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 ###-###-#### FAX: (301) 315-6660 SMT SERIES 2005-3 RECORD DATE: JULY 29, 2005 DISTRIBUTION DATE: AUGUST 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Class CUSIP Description Rate Certificate Balance Distribution - ------ --------- ----------- ------------ ------------------- ------------ A-R 81744FHN0 SEN 4.50625% 0.00 0.00 A-1 81744FHK6 SEN 3.63000% 323,949,930.35 979,948.54 B-1 81744FHP5 SUB 3.80000% 6,208,000.00 19,658.67 B-2 81744FHQ3 SUB 4.07000% 3,287,000.00 11,148.41 B-3 81744FHR1 SUB 4.33902% 2,374,000.00 8,584.04 B-4 81744FHS9 SUB 4.33902% 1,095,000.00 3,959.36 B-5 81744FHT7 SUB 4.33902% 731,000.00 2,643.19 B-6 81744FHU4 SUB 4.33902% 1,826,168.26 6,603.16 X-A 81744FHL4 IO 0.70903% 0.00 191,407.09 X-B 81744FHM2 IO 0.44556% 0.00 3,525.46 -------------- ------------ Totals 339,471,098.61 1,227,477.92 ============== ============ Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------- ------------- -------------- ------------- ------------- A-R 0.00 0.00 0.00 0.00 0.00 A-1 13,750,668.56 0.00 310,199,261.79 14,730,617.10 0.00 B-1 0.00 0.00 6,208,000.00 19,658.67 0.00 B-2 0.00 0.00 3,287,000.00 11,148.41 0.00 B-3 0.00 0.00 2,374,000.00 8,584.04 0.00 B-4 0.00 0.00 1,095,000.00 3,959.36 0.00 B-5 0.00 0.00 731,000.00 2,643.19 0.00 B-6 0.00 0.00 1,827,168.26 6,603.16 0.00 X-A 0.00 0.00 0.00 191,407.09 0.00 X-B 0.00 0.00 0.00 3,525.46 0.00 ------------- ---- -------------- ------------- ---- Totals 13,750,668.56 0.00 325,720,430.05 14,978,146.48 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-1 349,687,000.00 323,949,930.35 2,933.50 13,747,735.06 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 365,208,268.26 339,471,098.61 2,933.50 13,747,735.06 0.00 0.00 ============== ============== ======== ============= ==== ==== Ending Ending Total Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- -------------- ----------- --------------- A-R 0.00 0.00 0.00000000 0.00 A-1 13,750,668.56 310,199,261.79 0.88707691 13,750,668.56 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 13,750,668.56 325,720,430.05 0.89187584 13,750,668.56 ============= ============== ========== =============
(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-1 349,687,000.00 926.39969558 0.00838893 39.31440134 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 39.32279027 887.07690532 0.88707691 39.32279027 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 4.50625% 0.00 0.00 0.00 0.00 0.00 0.00 A-1 349,687,000.00 3.63000% 323,949,930.35 979,948.54 0.00 0.00 0.00 0.00 B-1 6,208,000.00 3.80000% 6,208,000.00 19,658.67 0.00 0.00 0.00 0.00 B-2 3,287,000.00 4.07000% 3,287,000.00 11,148.41 0.00 0.00 0.00 0.00 B-3 2,374,000.00 4.33902% 2,374,000.00 8,584.04 0.00 0.00 0.00 0.00 B-4 1,095,000.00 4.33902% 1,095,000.00 3,959.36 0.00 0.00 0.00 0.00 B-5 731,000.00 4.33902% 731,000.00 2,643.19 0.00 0.00 0.00 0.00 B-6 1,826,168.26 4.33902% 1,826,168.26 6,603.16 0.00 0.00 0.00 0.00 X-A 0.00 0.70903% 323,949,930.35 191,407.09 0.00 0.00 0.00 0.00 X-B 0.00 0.44556% 9,495,000.00 3,525.46 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 365,208,268.26 1,227,477.92 0.00 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-1 979,948.54 0.00 310,199,261.79 B-1 19,658.67 0.00 6,208,000.00 B-2 11,148.41 0.00 3,287,000.00 B-3 8,584.04 0.00 2,374,000.00 B-4 3,959.36 0.00 1,095,000.00 B-5 2,643.19 0.00 731,000.00 B-6 6,603.16 0.00 1,826,168.26 X-A 191,407.09 0.00 310,199,261.79 X-B 3,525.46 0.00 9,495,000.00 ------------ ---- Totals 1,227,477.92 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-R 100.00 4.50625% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 349,687,000.00 3.63000% 926.39969558 2.80235908 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,208,000.00 3.80000% 1000.00000000 3.16666720 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,287,000.00 4.07000% 1000.00000000 3.39166717 0.00000000 0.00000000 0.00000000 0.00000000 B-3 2,374,000.00 4.33902% 1000.00000000 3.61585510 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,095,000.00 4.33902% 1000.00000000 3.61585388 0.00000000 0.00000000 0.00000000 0.00000000 B-5 731,000.00 4.33902% 1000.00000000 3.61585499 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,826,168.26 4.33902% 1000.00000000 3.61585520 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.70903% 926.39969558 0.54736690 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.44556% 1000.00000000 0.37129647 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ---------- ------------------- A-R 0.00000000 0.00000000 0.00000000 A-1 2.80235908 0.00000000 887.07690532 B-1 3.16666720 0.00000000 1000.00000000 B-2 3.39166717 0.00000000 1000.00000000 B-3 3.61585510 0.00000000 1000.00000000 B-4 3.61585388 0.00000000 1000.00000000 B-5 3.61585499 0.00000000 1000.00000000 B-6 3.61585520 0.00000000 1000.00000000 X-A 0.54736690 0.00000000 887.07690532 X-B 0.37129647 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 15,032,697.92 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 63,865.23 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 15,096,563.15 Withdrawals Reimbursement for Servicer Advances 7,071.53 Payment of Service Fee 111,345.14 Payment of Interest and Principal 14,978,146.48 ------------- Total Withdrawals (Pool Distribution Amount) 15,096,563.15 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 106,677.41 Master Servicing Fee 4,667.73 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 111,345.14 ==========
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 53 16,925,872.58 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 873,270.86 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 100,000.00 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 --- ------------- --- ---- --- ---- 57 17,899,143.44 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 53 16,925,872.58 60 Days 0 0.00 60 Days 3 873,270.86 90 Days 0 0.00 90 Days 1 100,000.00 120 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 57 17,899,143.44
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 5.419223% 5.196389% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.306748% 0.268102% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.102249% 0.030701% 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% -------- -------- -------- -------- -------- -------- 5.828221% 5.495192% 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 5.419223% 5.196389% 60 Days 0.000000% 0.000000% 60 Days 0.306748% 0.268102% 90 Days 0.000000% 0.000000% 90 Days 0.102249% 0.030701% 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% 5.828221% 5.495192%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 63,865.23
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.732619% Weighted Average Net Coupon 4.355524% Weighted Average Pass-Through Rate 4.339024% Weighted Average Maturity (Stepdown Calculation) 334 Beginning Scheduled Collateral Loan Count 1,012 Number of Loans Paid in Full 34 Ending Scheduled Collateral Loan Count 978 Beginning Scheduled Collateral Balance 339,471,098.61 Ending Scheduled Collateral Balance 325,720,430.05 Ending Actual Collateral Balance at 29-July-2005 325,723,709.36 Monthly P&I Constant 1,341,756.39 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 2,933.50 Unscheduled Principal 13,747,735.06
MISCELLANEOUS REPORTING Senior Percentage 0.000000% Senior Prepayment Percentage 1.000000% Subordinate Prepayment Percentage 0.000000% Subordinate Percentage 0.000000%