Wells Fargo Bank Minnesota, N.A. SMT Series 2005-3 Certificateholder Distribution Statement (December 2005)

Summary

This document is a distribution statement from Wells Fargo Bank Minnesota, N.A. for the SMT Series 2005-3, detailing payments made to certificateholders as of December 20, 2005. It summarizes the interest and principal distributions, balances, and realized losses for each class of certificates. The statement also provides information on account activity, including deposits, withdrawals, and reserve funds. The primary parties involved are Wells Fargo Bank Minnesota, N.A. as the securities administrator and the certificateholders of the SMT Series 2005-3 trust. The report covers the distribution period ending November 30, 2005.

EX-10.1 2 f15809bexv10w1.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: November 30, 2005
Distribution Date: December 20, 2005

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		4.95671	%		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A-1		81744FHK6	SEN		4.35938	%		268,047,419.08		973,767.13		18,511,323.70		0.00		249,536,095.38		19,485,090.83		0.00
B-1		81744FHP5	SUB		4.52938	%		6,208,000.00		23,431.99		0.00		0.00		6,208,000.00		23,431.99		0.00
B-2		81744FHQ3	SUB		4.79938	%		3,287,000.00		13,146.30		0.00		0.00		3,287,000.00		13,146.30		0.00
B-3		81744FHR1	SUB		5.04284	%		2,374,000.00		9,976.43		0.00		0.00		2,374,000.00		9,976.43		0.00
B-4		81744FHS9	SUB		5.04284	%		1,095,000.00		4,601.60		0.00		0.00		1,095,000.00		4,601.60		0.00
B-5		81744FHT7	SUB		5.04284	%		731,000.00		3,071.93		0.00		0.00		731,000.00		3,071.93		0.00
B-6		81744FHU4	SUB		5.04284	%		1,826,168.26		7,674.24		0.00		0.00		1,826,168.26		7,674.24		0.00
X-A		81744FHL4	IO		0.68347	%		0.00		152,667.53		0.00		0.00		0.00		152,667.53		0.00
X-B		81744FHM2	IO		0.42000	%		0.00		3,323.22		0.00		0.00		0.00		3,323.22		0.00

Totals								283,568,587.34		1,191,660.37		18,511,323.70		0.00		265,057,263.64		19,702,984.07		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		268,047,419.08		2,165.47		18,509,158.23		0.00		0.00		18,511,323.70		249,536,095.38		0.713598		18,511,323.70
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		283,568,587.34		2,165.47		18,509,158.23		0.00		0.00		18,511,323.70		265,057,263.64		0.725770		18,511,323.70

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		766.532570		0.006193		52.930644		0.000000		0.000000		52.536837		713.598433		0.713598		52.936837
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
					Current			Beginning		Current		Unpaid		Current		Supported				Unpaid		Ending
			Accrual		Certificate			Certificate/		Accrued		Interest		Interest		Interest		Total Interest		Interest		Certificate/
Class	Accural Dates		Days		Rate			Notional Balance		Interest		Shortfall		Shortfall		Shortfall(1)		Distribution		Shortfall(2)		Notational Balance

A-R		N/A		N/A		4.95671	%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A-1		11/20/05 – 12/19/05		30		4.35938	%		268,047,419.08		973,767.13		0.00		0.00		0.00		973,767.13		0.00		249,536,095.38
B-1		11/20/05 – 12/19/05		30		4.52938	%		6,208,000.00		23,431.99		0.00		0.00		0.00		23,431.99		0.00		6,208,000.00
B-2		11/20/05 – 12/19/05		30		4.79938	%		3,287,000.00		13,146.30		0.00		0.00		0.00		13,146.30		0.00		3,287,000.00
B-3		11/01/05 – 11/30/05		30		5.04284	%		2,374,000.00		9,976.43		0.00		0.00		0.00		9,976.43		0.00		2,374,000.00
B-4		11/01/05 – 11/30/05		30		5.04284	%		1,095,000.00		4,601.60		0.00		0.00		0.00		4,601.60		0.00		1,095,000.00
B-5		11/01/05 – 11/30/05		30		5.04284	%		731,000.00		3,071.93		0.00		0.00		0.00		3,071.93		0.00		731,000.00
B-6		11/01/05 – 11/30/05		30		5.04284	%		1,826,168.26		7,674.24		0.00		0.00		0.00		7,674.24		0.00		1,826,168.26
X-A		11/01/05 – 11/30/05		30		0.68347	%		268,047,419.08		152,667.53		0.00		0.00		0.00		152,667.53		0.00		249,536,095.38
X-B		11/01/05 – 11/30/05		30		0.42000	%		9,495,000.00		3,323.22		0.00		0.00		0.00		3,323.22		0.00		9,495,000.00

Totals											1,191,660.37		0.00		0.00		0.00		1,191,660.37		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		4.95671	%		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000		0.000000
A-1		11/20/05 – 12/19/05		349,687,000.00		4.35938	%		766.535270		2.784682		0.000000		0.000000		0.000000		2.784682		0.000000		713.598433
B-1		11/20/05 – 12/19/05		6,208,000.00		4.52938	%		1000.000000		3.774483		0.000000		0.000000		0.000000		3.774483		0.000000		1000.000000
B-2		11/20/05 – 12/19/05		3,287,000.00		4.79938	%		1000.000000		3.999483		0.000000		0.000000		0.000000		3.999483		0.000000		1000.000000
B-3		11/01/05 – 11/30/05		2,374,000.00		5.04284	%		1000.000000		4.202372		0.000000		0.000000		0.000000		4.202372		0.000000		1000.000000
B-4		11/01/05 – 11/30/05		1,095,000.00		5.04284	%		1000.000000		4.202374		0.000000		0.000000		0.000000		4.202374		0.000000		1000.000000
B-5		11/01/05 – 11/30/05		731,000.00		5.04284	%		1000.000000		4.202367		0.000000		0.000000		0.000000		4.202367		0.000000		1000.000000
B-6		11/01/05 – 11/30/05		1,826,168.26		5.04284	%		1000.000000		4.202373		0.000000		0.000000		0.000000		4.202373		0.000000		1000.000000
X-A		11/01/05 – 11/30/05		0.00		0.68347	%		766.535270		0.436583		0.000000		0.000000		0.000000		0.436583		0.000000		713.598433
X-B		11/01/05 – 11/30/05		0.00		0.42000	%		1000.000000		0.349997		0.000000		0.000000		0.000000		0.349997		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			19,774,286.44
Payments of Interest and Principal			0.00
Reserve Funds and Credit Enhancements			0.00
Proceeds from Repurchased Loans			21,598.31
Servicer Advances			0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries)			0.00
Prepayment Penalties			0.00
Swap/Cap Payments			0.00

Total Deposits			19,795,844.75

Withdrawals

Swap Payments			0.00
Reserve Funds and Credit Enhancements			0.00
Reimbursement of Servicer Advances			0.00
Total Administration Fees			92,900.68
Payment of Interest and Principal			19,702,984.07

Total Withdrawals (Pool Distribution Amount)			19,795,884.75

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

Administration Fees


Gross Servicing Fee*			89,001.61
Master Servicing Fee			3,899.07
Supported Prepayment/Curtailment Interest Shortfall			0.00


Total Administration Fees			92,900.68

*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		5.447165	%
Weighted Average Net Coupon		5.070529	%
Weighted Average Pass-Through Rate		5.054029	%
Weighted Average Remaining Term		331

Beginning Scheduled Collateral Loan Count		844
Number of Loans Paid in Full		57
Ending Scheduled Collateral Loan Count		787

Beginning Scheduled Collateral Balance		283,568,587.34
Ending Scheduled Collateral Balance		265,057,263.64
Ending Actual Collateral Balance at 30-Nov-2005		265,058,921.45

Monthly P&I Constant		1,289,369.46
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		2,165.47
Unscheduled Principal		18,509,158.23

Additional Reporting – Deal Level

Miscellaneous Reporting


Senior Percentage	94.526485	%
Senior Prepayment Percentage	100.000000	%
Subordinate Prepayment Percentage	0.000000	%
Subordinate Percentage	5.473515	%

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		9			3,973,228.76		30 Days		0			0.00		30 Days		0			0.00		30 Days		0			0.00		30 Days		9			3,973,228.76
60 Days		1			545,028.00		60 Days		0			0.00		60 Days		0			0.00		60 Days		0			0.00		60 Days		1			545,028.00
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		1			100,000.00		120 Days		0			0.00		120 Days		0			0.00		120 Days		0			0.00		120 Days		1			100,000.00
150 Days		1			280,700.00		150 Days		0			0.00		150 Days		0			0.00		150 Days		0			0.00		150 Days		1			280,700.00
180+ Days		0			0.00		180+ Days		0			0.00		180+ Days		0			0.00		180+ Days		0			0.00		180+ Days		0			0.00

		12			4,898,956.76				0			0.00				0			0.00				0			0.00				12			4,898,956.76

	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		1.143583	%		1.499002	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		0.000000	%		0.000000	%	30 Days		1.143583	%		1.499002	%
60 Days		0.127065	%		0.205626	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.000000	%		0.000000	%	60 Days		0.127065	%		0.205626	%
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		0.127065	%		0.037728	%	120 Days		0.000000	%		0.000000	%	120 Days		0.000000	%		0.000000	%	120 Days		0.000000	%		0.000000	%	120 Days		0.127065	%		0.037728	%
150 Days		0.127065	%		0.105901	%	150 Days		0.000000	%		0.000000	%	150 Days		0.000000	%		0.000000	%	150 Days		0.000000	%		0.000000	%	150 Days		0.127065	%		0.105901	%
180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%	180+ Days		0.000000	%		0.000000	%

		1.524778	%		1.848256	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			0.000000	%		0.000000	%			1.524778	%		1.848256	%


Current Period Class A Insufficient Funds:			0.00			Principal Balance of Contaminated Properties			0.00			Periodic Advance			21,598.31