Wells Fargo Bank Minnesota, N.A. SMT Series 2005-4 Certificateholder Distribution Statement (September 2005)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A., as Certificate Administrator, for the SMT Series 2005-4 trust. It summarizes the payments made to certificateholders as of September 30, 2005, including interest and principal distributions, outstanding balances, and realized losses for each class of certificates. The statement is prepared in accordance with the Pooling and Servicing Agreement and provides detailed financial information for investors in the trust.

View More
EX-10.1 2 f14512eexv10w1.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 2005-4 RECORD DATE: SEPTEMBER 30, 2005 DISTRIBUTION DATE: OCTOBER 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ 1-A1 81744FHV2 SEN 4.06000% 133,459,000.00 316,075.40 1-A2 81744FHW0 SEN 4.21000% 14,829,000.00 36,417.55 1-AR 81744FJF5 SEN 4.60873% 50.00 0.38 1-XA 81744FJD0 SEN 1.75623% 0.00 217,022.72 2-A1 81744FJG3 SEN 4.09854% 160,096,000.00 546,799.76 2-A2 81744FJH1 SEN 4.09854% 10,268,000.00 35,069.83 2-AR 81744FJJ7 SEN 4.09854% 50.00 0.18 1-B1 81744FHX8 SUB 4.29000% 2,093,000.00 5,237.73 1-B2 81744FHY6 SUB 4.47000% 1,395,000.00 3,637.46 1-B3 81744FHZ3 SUB 4.60873% 1,706,000.00 6,552.07 1-XB 81744FJE8 SEN 1.55333% 0.00 4,520.84 1-B4 81744FJA6 SUB 4.60873% 697,000.00 2,676.90 1-B5 81744FJB4 SUB 4.60873% 543,000.00 2,085.45 1-B6 81744FJC2 SUB 4.60873% 310,325.03 1,191.84 2-B1 81744FJK4 SUB 4.09854% 1,740,000.00 5,942.88 2-B2 81744FJL2 SUB 4.09854% 696,000.00 2,377.15 2-B3 81744FJM0 SUB 4.09854% 348,000.00 1,188.58 2-B4 81744FJN8 SUB 4.09854% 348,000.00 1,188.58 2-B5 81744FJP3 SUB 4.09854% 348,000.00 1,188.58 2-B6 81744FJQ1 SUB 4.09854% 174,416.03 595.71 -------------- ------------ Totals 329,050,841.06 1,189,769.59 ============== ============ Current Ending Principal Realized Certificate Total Cumulative Class Distribution Loss Balance Distribution Realized Loss - ------ ------------ -------- -------------- ------------ ------------- 1-A1 1,390,127.95 0.00 132,068,872.05 1,706,203.35 0.00 1-A2 154,460.98 0.00 14,674,539.02 190,878.53 0.00 1-AR 50.00 0.00 0.00 50.38 0.00 1-XA 0.00 0.00 0.00 217,022.72 0.00 2-A1 5,147,598.37 0.00 154,948,401.63 5,694,398.13 0.00 2-A2 330,149.04 0.00 9,937,850.96 365,218.87 0.00 2-AR 50.00 0.00 0.00 50.18 0.00 1-B1 0.00 0.00 2,093,000.00 5,237.73 0.00 1-B2 0.00 0.00 1,395,000.00 3,637.46 0.00 1-B3 0.00 0.00 1,706,000.00 6,552.07 0.00 1-XB 0.00 0.00 0.00 4,520.84 0.00 1-B4 0.00 0.00 697,000.00 2,676.90 0.00 1-B5 0.00 0.00 543,000.00 2,085.45 0.00 1-B6 0.00 0.00 310,325.03 1,191.84 0.00 2-B1 0.00 0.00 1,740,000.00 5,942.88 0.00 2-B2 0.00 0.00 696,000.00 2,377.15 0.00 2-B3 0.00 0.00 348,000.00 1,188.58 0.00 2-B4 0.00 0.00 348,000.00 1,188.58 0.00 2-B5 0.00 0.00 348,000.00 1,188.58 0.00 2-B6 0.00 0.00 174,416.03 595.71 0.00 ------------ ---- -------------- ------------ ---- Totals 7,022,436.34 0.00 322,028,404.72 8,212,205.93 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
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ ------------- --------- 1-A1 133,459,000.00 133,459,000.00 1,535.68 1,388,592.27 0.00 1-A2 14,829,000.00 14,829,000.00 170.63 154,290.34 0.00 1-AR 50.00 50.00 0.06 49.94 0.00 1-XA 0.00 0.00 0.00 0.00 0.00 2-A1 160,096,000.00 160,096,000.00 100,349.20 5,047,249.18 0.00 2-A2 10,268,000.00 10,268,000.00 6,436.05 323,712.99 0.00 2-AR 50.00 50.00 0.97 49.03 0.00 1-B1 2,093,000.00 2,093,000.00 0.00 0.00 0.00 1-B2 1,395,000.00 1,395,000.00 0.00 0.00 0.00 1-B3 1,706,000.00 1,706,000.00 0.00 0.00 0.00 1-XB 0.00 0.00 0.00 0.00 0.00 1-B4 697,000.00 697,000.00 0.00 0.00 0.00 1-B5 543,000.00 543,000.00 0.00 0.00 0.00 1-B6 310,325.03 310,325.03 0.00 0.00 0.00 2-B1 1,740,000.00 1,740,000.00 0.00 0.00 0.00 2-B2 696,000.00 696,000.00 0.00 0.00 0.00 2-B3 348,000.00 348,000.00 0.00 0.00 0.00 2-B4 348,000.00 348,000.00 0.00 0.00 0.00 2-B5 348,000.00 348,000.00 0.00 0.00 0.00 2-B6 174,416.03 174,416.03 0.00 0.00 0.00 -------------- -------------- ---------- ------------ ---- Totals 329,050,841.06 329,050,841.06 108,492.58 6,913,943.75 0.00 ============== ============== ========== ============ ==== Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- ------------ -------------- ----------- ------------ 1-A1 0.00 1,390,127.95 132,068,872.05 0.98958386 1,390,127.95 1-A2 0.00 154,460.98 14,674,539.02 0.98958386 154,460.98 1-AR 0.00 50.00 0.00 0.00000000 50.00 1-XA 0.00 0.00 0.00 0.00000000 0.00 2-A1 0.00 5,147,598.37 154,948,401.63 0.96784680 5,147,598.37 2-A2 0.00 330,149.04 9,937,850.96 0.96784680 330,149.04 2-AR 0.00 50.00 0.00 0.00000000 50.00 1-B1 0.00 0.00 2,093,000.00 0.00000000 0.00 1-B2 0.00 0.00 1,395,000.00 1.00000000 0.00 1-B3 0.00 0.00 1,706,000.00 1.00000000 0.00 1-XB 0.00 0.00 0.00 1.00000000 0.00 1-B4 0.00 0.00 697,000.00 0.00000000 0.00 1-B5 0.00 0.00 543,000.00 1.00000000 0.00 1-B6 0.00 0.00 310,325.03 1.00000000 0.00 2-B1 0.00 0.00 1,740,000.00 1.00000000 0.00 2-B2 0.00 0.00 696,000.00 1.00000000 0.00 2-B3 0.00 0.00 348,000.00 1.00000000 0.00 2-B4 0.00 0.00 348,000.00 1.00000000 0.00 2-B5 0.00 0.00 348,000.00 1.00000000 0.00 2-B6 0.00 0.00 174,416.03 1.00000000 0.00 ---- ------------ -------------- ---------- ------------ Totals 0.00 7,022,436.34 322,028,404.72 0.97865851 7,022,436.34 ==== ============ ============== ========== ============
(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) - ----- -------------- ------------- ------------ ------------ ---------- ---------- 1-A1 133,459,000.00 1000.00000000 0.01150675 10.40463566 0.00000000 0.00000000 1-A2 14,829,000.00 1000.00000000 0.01150651 10.40463551 0.00000000 0.00000000 1-AR 50.00 1000.00000000 1.20000000 998.80000000 0.00000000 0.00000000 1-XA 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 160,096,000.00 1000.00000000 0.62680642 31.52639154 0.00000000 0.00000000 2-A2 10,268,000.00 1000.00000000 0.62680658 31.52639170 0.00000000 0.00000000 2-AR 50.00 1000.00000000 19.40000000 980.60000000 0.00000000 0.00000000 1-B1 2,093,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B2 1,395,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B3 1,706,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-XB 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B4 697,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B5 543,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B6 310,325.03 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B1 1,740,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B2 696,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B3 348,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B4 348,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B5 348,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B6 174,416.03 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ----- ------------- ------------- ----------- ------------- 1-A1 10.41614241 989.58385759 0.98958386 10.41614241 1-A2 10.41614269 989.58385731 0.98958386 10.41614269 1-AR 1000.00000000 0.00000000 0.00000000 1000.00000000 1-XA 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 32.15319789 967.84680211 0.96784680 32.15319789 2-A2 32.15319829 967.84680171 0.96784680 32.15319829 2-AR 1000.00000000 0.00000000 0.00000000 1000.00000000 1-B1 0.00000000 1000.00000000 1.00000000 0.00000000 1-B2 0.00000000 1000.00000000 1.00000000 0.00000000 1-B3 0.00000000 1000.00000000 1.00000000 0.00000000 1-XB 0.00000000 0.00000000 0.00000000 0.00000000 1-B4 0.00000000 1000.00000000 1.00000000 0.00000000 1-B5 0.00000000 1000.00000000 1.00000000 0.00000000 1-B6 0.00000000 1000.00000000 1.00000000 0.00000000 2-B1 0.00000000 1000.00000000 1.00000000 0.00000000 2-B2 0.00000000 1000.00000000 1.00000000 0.00000000 2-B3 0.00000000 1000.00000000 1.00000000 0.00000000 2-B4 0.00000000 1000.00000000 1.00000000 0.00000000 2-B5 0.00000000 1000.00000000 1.00000000 0.00000000 2-B6 0.00000000 1000.00000000 1.00000000 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 Non- Current Certificate/ Current of Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----- -------------- ----------- -------------- ------------ --------- --------- --------- -------- 1-A1 133,459,000.00 4.06000% 133,459,000.00 316,075.40 0.00 0.00 0.00 0.00 1-A2 14,829,000.00 4.21000% 14,829,000.00 36,417.55 0.00 0.00 0.00 0.00 1-AR 50.00 4.60873% 50.00 0.19 0.00 0.00 0.00 0.00 1-XA 0.00 1.75623% 0.00 217,022.72 0.00 0.00 0.00 0.00 2-A1 160,096,000.00 4.09854% 160,096,000.00 546,799.76 0.00 0.00 0.00 0.00 2-A2 10,268,000.00 4.09854% 10,268,000.00 35,069.83 0.00 0.00 0.00 0.00 2-AR 50.00 4.09854% 50.00 0.17 0.00 0.00 0.00 0.00 1-B1 2,093,000.00 4.29000% 2,093,000.00 5,237.73 0.00 0.00 0.00 0.00 1-B2 1,395,000.00 4.47000% 1,395,000.00 3,637.46 0.00 0.00 0.00 0.00 1-B3 1,706,000.00 4.60873% 1,706,000.00 6,552.07 0.00 0.00 0.00 0.00 1-XB 0.00 1.55333% 0.00 4,520.84 0.00 0.00 0.00 0.00 1-B4 697,000.00 4.60873% 697,000.00 2,676.90 0.00 0.00 0.00 0.00 1-B5 543,000.00 4.60873% 543,000.00 2,085.45 0.00 0.00 0.00 0.00 1-B6 310,325.03 4.60873% 310,325.03 1,191.84 0.00 0.00 0.00 0.00 2-B1 1,740,000.00 4.09854% 1,740,000.00 5,942.88 0.00 0.00 0.00 0.00 2-B2 696,000.00 4.09854% 696,000.00 2,377.15 0.00 0.00 0.00 0.00 2-B3 348,000.00 4.09854% 348,000.00 1,188.58 0.00 0.00 0.00 0.00 2-B4 348,000.00 4.09854% 348,000.00 1,188.58 0.00 0.00 0.00 0.00 2-B5 348,000.00 4.09854% 348,000.00 1,188.58 0.00 0.00 0.00 0.00 2-B6 174,416.03 4.09854% 174,416.03 595.71 0.00 0.00 0.00 0.00 ------------ ---- ---- ---- ---- Totals 1,189,769.39 0.00 0.00 0.00 0.00 ============ ==== ==== ==== ==== Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- -------------- --------- -------------- 1-A1 316,075.40 0.00 132,068,872.05 1-A2 36,417.55 0.00 14,674,539.02 1-AR 0.38 0.00 0.00 1-XA 217,022.72 0.00 146,743,411.07 2-A1 546,799.76 0.00 154,948,401.63 2-A2 35,069.83 0.00 9,937,850.96 2-AR 0.18 0.00 0.00 1-B1 5,237.73 0.00 2,093,000.00 1-B2 3,637.46 0.00 1,395,000.00 1-B3 6,552.07 0.00 1,706,000.00 1-XB 4,520.84 0.00 0.00 1-B4 2,676.90 0.00 697,000.00 1-B5 2,085.45 0.00 543,000.00 1-B6 1,191.84 0.00 310,325.03 2-B1 5,942.88 0.00 1,740,000.00 2-B2 2,377.15 0.00 696,000.00 2-B3 1,188.58 0.00 348,000.00 2-B4 1,188.58 0.00 348,000.00 2-B5 1,188.58 0.00 348,000.00 2-B6 595.71 0.00 174,416.03 ------------ ---- Totals 1,189,769.59 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 Current Beginning Unpaid Current Original Face Certificate Certificate/ Current Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------- -------------- ----------- ---------------- --------------- ---------- ---------- 1-A1 133,459,000.00 4.06000% 133,459,000.00 1000.00000000 2.36833335 0.00000000 1-A2 14,829,000.00 4.21000% 14,829,000.00 1000.00000000 2.45583316 0.00000000 1-AR 50.00 4.60873% 50.00 1000.00000000 3.80000000 0.00000000 1-XA 0.00 1.75623% 0.00 1000.00000000 1.46352180 0.00000000 2-A1 160,096,000.00 4.09854% 160,096,000.00 1000.00000000 3.41544923 0.00000000 2-A2 10,268,000.00 4.09854% 10,268,000.00 1000.00000000 3.41544897 0.00000000 2-AR 50.00 4.09854% 50.00 1000.00000000 3.40000000 0.00000000 1-B1 2,093,000.00 4.29000% 2,093,000.00 1000.00000000 2.50249881 0.00000000 1-B2 1,395,000.00 4.47000% 1,395,000.00 1000.00000000 2.60749821 0.00000000 1-B3 1,706,000.00 4.60873% 1,706,000.00 1000.00000000 3.84060375 0.00000000 1-XB 0.00 1.55333% 0.00 1000.00000000 1.29611239 0.00000000 1-B4 697,000.00 4.60873% 697,000.00 1000.00000000 3.84060258 0.00000000 1-B5 543,000.00 4.60873% 543,000.00 1000.00000000 3.84060773 0.00000000 1-B6 310,325.03 4.60873% 310,325.03 1000.00000000 3.84061833 0.00000000 2-B1 1,740,000.00 4.09854% 1,740,000.00 1000.00000000 3.41544828 0.00000000 2-B2 696,000.00 4.09854% 696,000.00 1000.00000000 3.41544540 0.00000000 2-B3 348,000.00 4.09854% 348,000.00 1000.00000000 3.41545977 0.00000000 2-B4 348,000.00 4.09854% 348,000.00 1000.00000000 3.41545977 0.00000000 2-B5 348,000.00 4.09854% 348,000.00 1000.00000000 3.41545977 0.00000000 2-B6 174,416.03 4.09854% 174,416.03 1000.00000000 3.41545442 0.00000000 Non- Remaining Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- ---------- ---------- -------------- ---------- -------------------- 1-A1 0.00000000 0.00000000 2.36833335 0.00000000 989.58385759 1-A2 0.00000000 0.00000000 2.45583316 0.00000000 989.58385731 1-AR 0.00000000 0.00000000 7.60000000 0.00000000 0.00000000 1-XA 0.00000000 0.00000000 1.46352180 0.00000000 989.58385756 2-A1 0.00000000 0.00000000 3.41544923 0.00000000 967.84680211 2-A2 0.00000000 0.00000000 3.41544897 0.00000000 967.84680171 2-AR 0.00000000 0.00000000 3.60000000 0.00000000 0.00000000 1-B1 0.00000000 0.00000000 2.50249881 0.00000000 1000.00000000 1-B2 0.00000000 0.00000000 2.60749821 0.00000000 1000.00000000 1-B3 0.00000000 0.00000000 3.84060375 0.00000000 1000.00000000 1-XB 0.00000000 0.00000000 1.29611239 0.00000000 1000.00000000 1-B4 0.00000000 0.00000000 3.84060258 0.00000000 1000.00000000 1-B5 0.00000000 0.00000000 3.84060773 0.00000000 1000.00000000 1-B6 0.00000000 0.00000000 3.84061833 0.00000000 1000.00000000 2-B1 0.00000000 0.00000000 3.41544828 0.00000000 1000.00000000 2-B2 0.00000000 0.00000000 3.41544540 0.00000000 1000.00000000 2-B3 0.00000000 0.00000000 3.41545977 0.00000000 1000.00000000 2-B4 0.00000000 0.00000000 3.41545977 0.00000000 1000.00000000 2-B5 0.00000000 0.00000000 3.41545977 0.00000000 1000.00000000 2-B6 0.00000000 0.00000000 3.41545442 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 8,295,132.49 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 8,295,132.49 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 82,926.56 Payment of Interest and Principal 8,212,205.93 ------------ Total Withdrawals (Pool Distribution Amount) 8,295,132.49 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 82,926.56 Master Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 --------- Net Servicing Fee 82,926.56 =========
OTHER ACCOUNTS
Account Type Beginning Balance Current Withdrawals Current Deposits Ending 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 5 4,693,895.42 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 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 --- ------------ --- ---- --- ---- 5 4,693,895.42 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 5 4,693,895.42 60 Days 0 0.00 60 Days 0 0.00 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 5 4,693,895.42
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 0.948767% 1.456852% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 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% -------- --------- -------- -------- -------- -------- 0.948767% 1.456852% 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 0.948767% 1.456852% 60 Days 0.000000% 0.000000% 60 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% 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% 0.948767% 1.456852%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00 DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------- ---------------------------- ---------------------------- GROUP ONE 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 5 4,693,895.42 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 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 --- ------------ --- ----- --- ---- 5 4,693,895.42 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 5 4,693,895.42 60 Days 0 0.00 60 Days 0 0.00 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 5 4,693,895.42
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 1.886792% 3.056656% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 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% -------- -------- -------- -------- -------- -------- 1.886792% 3.056656% 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 1.886792% 3.056656% 60 Days 0.000000% 0.000000% 60 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% 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% 1.886792% 3.056656%
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------ ------------------------------ ------------------------------ GROUP TWO 1.183654% 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 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 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 --- ---- --- ---- --- ---- 0 0.00 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 0 0.00 60 Days 0 0.00 60 Days 0 0.00 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 0 0.00
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 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 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% -------- -------- -------- -------- -------- -------- 0.000000% 0.000000% 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 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 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% 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% 0.000000% 0.000000%
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed Arm - ---------------------- ----------------- Weighted Average Gross Coupon 4.642525% Weighted Average Net Coupon 4.340104% Weighted Average Pass-Through Rate 4.338914% Weighted Average Maturity (Stepdown Calculation) 313 Beginning Scheduled Collateral Loan Count 541 Number of Loans Paid in Full 14 Ending Scheduled Collateral Loan Count 527 Beginning Scheduled Collateral Balance 329,050,841.06 Ending Scheduled Collateral Balance 322,028,405.03 Ending Actual Collateral Balance at 30-Sept-2005 322,194,411.57 Monthly P&I Constant 1,381,514.79 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 108,492.59 Unscheduled Principal 6,913,943.75
GROUP GROUP ONE GROUP TWO TOTAL - ------------------------------- -------------- -------------- -------------- Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.969989 4.350788 4.642525 Weighted Average Net Rate 4.608727 4.100788 4.340104 Pass-Through Rate 4.608727 4.098539 4.338914 Weighted Average Maturity 286 338 313 Record Date 09/30/2005 09/30/2005 09/30/2005 Principal and Interest Constant 643,797.36 737,717.43 1,381,514.79 Beginning Loan Count 270 271 541 Loans Paid in Full 5 9 14 Ending Loan Count 265 262 527 Beginning Scheduled Balance 155,032,375.27 174,018,466.10 329,050,841.37 Ending Scheduled Balance 153,487,736.34 168,540,668.69 322,028,405.03 Scheduled Principal 1,706.37 106,786.22 108,492.59 Unscheduled Principal 1,542,932.56 5,371,011.19 6,913,943.75 Scheduled Interest 642,090.99 630,931.21 1,273,022.20 Servicing Fee 46,672.71 36,253.85 82,926.56 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 326.16 326.16 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 595,418.28 594,351.20 1,189,769.48 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group One Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Pro Rata Senior Percentage 95.649731% Pro Rata Subordinate Percentage 4.350269% Group Two Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Pro Rata Senior Percentage 97.899984% Pro Rata Subordinate Percentage 2.100016%