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

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2005-3, prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator. It details the interest and principal payments made to holders of various classes of certificates as of October 31, 2005, with distributions occurring on November 21, 2005. The summary includes balances, payment amounts, and realized losses, confirming that all distributions were calculated in accordance with the Pooling and Servicing Agreement. No realized losses were reported for this period.

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EX-10.1 2 f15324dexv10w1.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: OCTOBER 31, 2005 DISTRIBUTION DATE: NOVEMBER 21, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Ending Class Pass-Through Certificate Interest Principal Current Certificate Class CUSIP Description Rate Balance Distribution Distribution Realized Loss Balance - ------ --------- ----------- ------------- -------------- ------------- ------------- ------------- ------------- A-R 81744FHN0 SEN 4.84344% 0.00 0.00 0.00 0.00 0.00 A-1 81744FHK6 SEN 4.20000% 283,932,768.40 990,968.19 15,885,349.32 0.00 268,047,419.08 B-1 81744FHP5 SUB 4.37000% 6,208,000.00 22,537.50 0.00 0.00 6,208,000.00 B-2 81744FHQ3 SUB 4.64000% 3,287,000.00 12,670.40 0.00 0.00 3,287,000.00 B-3 81744FHR1 SUB 4.97537% 2,374,000.00 9,812.48 0.00 0.00 2,374,000.00 B-4 81744FHS9 SUB 4.97537% 1,095,000.00 4,525.98 0.00 0.00 1,095,000.00 B-5 81744FHT7 SUB 4.97537% 731,000.00 3,021.45 0.00 0.00 731,000.00 B-6 81744FHU4 SUB 4.97537% 1,826,168.26 7,548.12 0.00 0.00 1,826,168.26 X-A 81744FHL4 IO 0.77537% 0.00 182,893.63 0.00 0.00 0.00 X-B 81744FHM2 IO 0.51190% 0.00 4,037.90 0.00 0.00 0.00 -------------- ------------- ------------- ------------- -------------- Totals 299,453,936.66 1,237,736.65 15,885,349.32 0.00 283,568,587.34 -------------- ------------- ------------- ------------- -------------- Total Cumulative Class Distribution Realized Loss - ------ ------------- ------------- A-R 0.00 0.00 A-1 16,876,038.51 0.00 B-1 22,537.50 0.00 B-2 12,670.40 0.00 B-3 9,812.48 0.00 B-4 4,525.98 0.00 B-5 3,021.45 0.00 B-6 7,548.12 0.00 X-A 182,893.63 0.00 X-B 4,037.90 0.00 ------------- ------------- Totals 17,123,085.97 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-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-1 349,687,000.00 283,932,768.40 133.93 15,885,215.39 0.00 0.00 15,885,349.32 268,047,419.08 B-1 6,208,000.00 6,208,000.00 0.00 0.00 0.00 0.00 0.00 6,208,000.00 B-2 3,287,000.00 3,287,000.00 0.00 0.00 0.00 0.00 0.00 3,287,000.00 B-3 2,374,000.00 2,374,000.00 0.00 0.00 0.00 0.00 0.00 2,374,000.00 B-4 1,095,000.00 1,095,000.00 0.00 0.00 0.00 0.00 0.00 1,095,000.00 B-5 731,000.00 731,000.00 0.00 0.00 0.00 0.00 0.00 731,000.00 B-6 1,826,168.26 1,826,168.26 0.00 0.00 0.00 0.00 0.00 1,826,168.26 X-A 0.00 0.00 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 0.00 0.00 ------------- -------------- ------------ ------------- ---------- --------- ------------- -------------- Totals 365,208,268.26 299,453,936.66 133.93 15,885,215.39 0.00 0.00 15,885,349.32 283,568,587.34 ------------- -------------- ------------ ------------- ---------- --------- ------------- -------------- Ending Certificate Total Principal Class Percentage Distribution - ------ ------------------ --------------- A-R 0.00000000 0.00 A-1 0.76653527 15,885,349.32 B-1 1.00000000 0.00 B-2 1.00000000 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 X-A 0.00000000 0.00 X-B 0.00000000 0.00 ------------------ --------------- totals 0.77645719 15,885,349.32 ------------------ ---------------
(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 Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----- -------------- -------------- ------------ -------------- ---------- ---------- --------------- A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 349,687,000.00 811.96260770 0.00038300 45.42695436 0.00000000 0.00000000 45.42733736 B-1 6,208,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 3,287,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 2,374,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,095,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 731,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,826,168.26 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ----- ------------------ ----------- --------------- A-R 0.00000000 0.00000000 0.00000000 A-1 766.55327034 0.76653527 45.42733736 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000 X-A 0.00000000 0.00000000 0.00000000 X-B 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 Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall - ------- -------------- ---------------- -------------- ------------ ---------- ---------- --------- A-R 100.00 4.84344% 0.00 0.00 0.00 0.00 0.00 A-1 349,687,000.00 4.20000% 283,932,768.40 993,764.69 0.00 0.00 3,075.50 B-1 6,208,000.00 4.37000% 6,208,000.00 22,607.47 0.00 0.00 69.97 B-2 3,287,000.00 4.64000% 3,287,000.00 12,709.73 0.00 0.00 39.33 B-3 2,374,000.00 4.97537% 2,374,000.00 9,842.95 0.00 0.00 30.46 B-4 1,095,000.00 4.97537% 1,095,000.00 4,540.03 0.00 0.00 14.05 B-5 731,000.00 4.97537% 731,000.00 3,030.83 0.00 0.00 9.38 B-6 1,826,168.26 4.97537% 1,826,168.26 7,571.56 0.00 0.00 23.43 X-A 0.00 0.77537% 283,932,768.40 183,461.40 0.00 0.00 567.78 X-B 0.00 0.51190% 9,495,000.00 4,050.44 0.00 0.00 12.54 -------------- ------------ ---------- ---------- --------- Totals 365,208,268.26 1,241,579.10 0.00 0.00 3,842.44 -------------- ------------ ---------- ---------- --------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ------- -------- -------------- --------- -------------- A-R 0.00 0.00 0.00 0.00 A-1 0.00 990,689.19 0.00 268,047,419.08 B-1 0.00 22,537.50 0.00 6,208,000.00 B-2 0.00 12,670.40 0.00 3,287,000.00 B-3 0.00 9,812.48 0.00 2,374,000.00 B-4 0.00 4,525.98 0.00 1,095,000.00 B-5 0.00 3,021.45 0.00 731,000.00 B-6 0.00 7,548.12 0.00 1,826,168.26 X-A 0.00 182,893.63 0.00 268,047,419.08 X-B 0.00 4,037.90 0.00 9,495,000.00 -------- -------------- --------- Totals 0.00 1,237,736.65 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 (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - ----- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- A-R 100.00 4.84344% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 349,687,000.00 4.20000% 811.96260770 2.84186913 0.00000000 0.00000000 0.00879501 B-1 6,208,000.00 4.37000% 1000.00000000 3.64166720 0.00000000 0.00000000 0.01127094 B-2 3,287,000.00 4.64000% 1000.00000000 3.86666565 0.00000000 0.00000000 0.01196532 B-3 2,374,000.00 4.97537% 1000.00000000 4.14614575 0.00000000 0.00000000 0.01283067 B-4 1,095,000.00 4.97537% 1000.00000000 4.14614612 0.00000000 0.00000000 0.01283105 B-5 731,000.00 4.97537% 1000.00000000 4.14514227 0.00000000 0.00000000 0.01283174 B-6 1,826,168.26 4.97537% 1000.00000000 4.14614588 0.00000000 0.00000000 0.01283014 X-A 0.00 0.77537% 811.96260770 0.52464461 0.00000000 0.00000000 0.00162368 X-B 0.00 0.51190% 1000.00000000 0.42658662 0.00000000 0.00000000 0.00132070 -------------- --------- ------------- ---------- ---------- ---------- ---------- Remaining Unpaid Class Realized Total Interest Interest Ending Certificate/ (5) Loss (6) Distribution Shortfall Notational Balance - ----- ---------- -------------- ---------- ------------------- A-R 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 2.83307412 0.00000000 766.53527034 B-1 0.00000000 3.63039626 0.00000000 1000.00000000 B-2 0.00000000 3.85470033 0.00000000 1000.00000000 B-3 0.00000000 4.13331087 0.00000000 1000.00000000 B-4 0.00000000 4.13331507 0.00000000 1000.00000000 B-5 0.00000000 4.13331053 0.00000000 1000.00000000 B-6 0.00000000 4.13331026 0.00000000 1000.00000000 X-A 0.00000000 0.52302096 0.00000000 766.53527034 X-B 0.00000000 0.42526593 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 17,221,192.17 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 17,221,192.17 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 98,106.20 Payment of Interest and Principal 17,123,085.97 ------------- Total Withdrawals (Pool Distribution Amount) 17,221,192.17 Ending Balance 0.00 =============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 3,842.44 Servicing Fee Support 0.00 -------- Non-Supported Prepayment Curtailment Interest Shortfall 3,842.44 ========
SERVICING FEES Gross Servicing Fee 93,988.71 Master Servicing Fee 4,117.49 Supported Prepayment/Curtailment Interest Shortfall 0.00 --------- Net Servicing Fee 98,106.20 =========
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
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 14 4,392,534.84 60 Days 0 0.00 90 Days 1 100,000.00 120 Days 1 280,700.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 16 4,773,234.84
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.658768% 1.549015% 60 Days 0.000000% 0.000000% 90 Days 0.118483% 0.035265% 120 Days 0.118483% 0.098988% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.895735% 1.683267%
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 14 4,392,534.84 60 Days 0 0.00 90 Days 1 100,000.00 120 Days 1 280,700.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 16 4,773,234.84
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.658768% 1.549015% 60 Days 0.000000% 0.000000% 90 Days 0.118483% 0.035265% 120 Days 0.118483% 0.098988% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- --------- 1.895735% 1.683267%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 5.368512% Weighted Average Net Coupon 4.991872% Weighted Average Pass-Through Rate 4.975372% Weighted Average Maturity (Stepdown Calculation) 331 Beginning Scheduled Collateral Loan Count 896 Number of Loans Paid in Full 52 Ending Scheduled Collateral Loan Count 844 Beginning Scheduled Collateral Balance 299,453,936.66 Ending Scheduled Collateral Balance 283,568,587.34 Ending Actual Collateral Balance at 31-Oct-2005 283,569,638.88 Monthly P&I Constant 1,339,818.96 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 133.93 Unscheduled Principal 15,885,215.39
MISCELLANEOUS REPORTING Senior Percentage 94.8168% Senior Prepayment Percentage 100.0000% Subordinate Prepayment Percentage 0.000000% Subordinate Percentage 5.8132%