EX-10.1 2 f12318aexv10w1.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 2004-12 RECORD DATE: JULY 29, 2005 DISTRIBUTION DATE: AUGUST 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Pass- Beginning Class Through Certificate Interest Class CUSIP Description Rate Balance Distribution ------ --------- ----------- ----------- -------------- ------------ A-1 81744FFY8 SEN 3.70000% 326,064,880.05 1,005,366.71 A-2 81744FFZ5 SEN 3.93000% 166,541,492.65 545,423.39 A-3 81744FGZ9 SEN 3.96000% 167,302,474.80 552,098.17 X-A1 81744FGC5 IO 0.57113% 0.00 234,453.04 X-A2 81744FGD3 IO 0.84970% 0.00 118,463.97 X-B 81744FGF8 IO 0.22268% 0.00 2,415.69 B-1 81744FGG6 SUB 3.93000% 8,588,000.00 28,125.70 B-2 81744FGH4 SUB 4.28000% 6,134,000.00 21,877.93 B-3 81744FGJ0 SUB 4.68000% 3,680,000.00 14,352.00 B-4 81744FGK7 SUB 4.35418% 2,453,000.00 8,900.67 B-5 81744FGK7 SUB 4.35418% 920,000.00 3,338.20 B-6 81744FGL5 SUB 4.35418% 2,762,778.00 10,024.69 A-R 81744FGE1 RES 4.34575% 0.00 0.22 -------------- ------------ Totals 684,446,625.50 2,544,840.38 ============== ============ Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Loss ------ ------------- -------- -------------- ------------- ---------- A-1 18,578,621.87 0.00 307,486,258.18 19,583,988.58 0.00 A-2 7,696,384.25 0.00 158,845,108.40 8,241,807.64 0.00 A-3 15,434,512.19 0.00 151,867,962.61 15,986,610.36 0.00 X-A1 0.00 0.00 0.00 234,453.04 0.00 X-A2 0.00 0.00 0.00 118,463.97 0.00 X-B 0.00 0.00 0.00 2,415.69 0.00 B-1 0.00 0.00 8,588,000.00 28,125.70 0.00 B-2 0.00 0.00 6,134,000.00 21,877.93 0.00 B-3 0.00 0.00 3,680,000.00 14,352.00 0.00 B-4 0.00 0.00 2,453,000.00 8,900.67 0.00 B-5 0.00 0.00 920,000.00 3,338.20 0.00 B-6 0.00 0.00 2,762,778.00 10,024.69 0.00 A-R 0.00 0.00 0.00 0.22 0.00 ------------- ---- -------------- ------------- ---- Totals 41,709,518.31 0.00 642,737,107.19 44,254,358.69 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 Certificate Principal Principal Realized Class Face Amount Balance Distribution Distribution Accretion Loss (1) ------ -------------- -------------- ------------ ------------- --------- -------- A-1 380,510,000.00 326,064,880.05 987.45 18,577,634.42 0.00 0.00 A-2 208,392,000.00 166,541,492.65 501.95 7,695,882.30 0.00 0.00 A-3 218,330,615.00 167,302,474.80 0.00 15,434,512.19 0.00 0.00 X-A1 0.00 0.00 0.00 0.00 0.00 0.00 X-A2 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 B-1 8,588,000.00 8,588,000.00 0.00 0.00 0.00 0.00 B-2 6,134,000.00 6,134,000.00 0.00 0.00 0.00 0.00 B-3 3,680,000.00 3,680,000.00 0.00 0.00 0.00 0.00 B-4 2,453,000.00 2,453,000.00 0.00 0.00 0.00 0.00 B-5 920,000.00 920,000.00 0.00 0.00 0.00 0.00 B-6 2,762,778.00 2,762,778.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------- ---- ---- Totals 831,770,493.00 684,446,625.50 1,489.40 41,708,028.91 0.00 0.00 ============== ============== ======== ============= ==== ==== Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution ------ ------------- -------------- ----------- ------------- A-1 18,578,621.87 307,486,258.18 0.80808982 18,578,621.87 A-2 7,696,384.25 158,845,108.40 0.76224187 7,696,384.25 A-3 15,434,512.19 151,867,962.61 0.69558712 15,434,512.19 X-A1 0.00 0.00 0.00000000 0.00 X-A2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 8,588,000.00 1.00000000 0.00 B-2 0.00 6,134,000.00 1.00000000 0.00 B-3 0.00 3,680,000.00 1.00000000 0.00 B-4 0.00 2,453,000.00 1.00000000 0.00 B-5 0.00 920,000.00 1.00000000 0.00 B-6 0.00 2,762,778.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 41,709,518.31 642,737,107.19 0.77273372 41,709,518.31 ============= ============== ========== =============
(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 Certificate Principal Principal Realized Class Face Amount Balance Distribution Distribution Accretion Loss (3) ----- -------------- ------------- ------------ ------------ ---------- ---------- A-1 380,510,000.00 856.91540314 0.00259507 48.82298605 0.00000000 0.00000000 A-2 208,392,000.00 799.17411729 0.00240868 36.92983560 0.00000000 0.00000000 A-3 218,330,615.00 766.28041743 0.00000000 70.69330240 0.00000000 0.00000000 X-A1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 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 B-1 8,588,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,134,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,680,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,453,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 920,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,762,778.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution ----- ----------- ------------- ----------- ------------ A-1 48.82558111 808.08982203 0.80808982 48.82558111 A-2 36.93224428 762.24187301 0.76224187 36.93224428 A-3 70.69330240 695.58711503 0.69558712 70.69330240 X-A1 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 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 A-R 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 Non- Original Current Certificate/ Current of Unpaid Current Supported Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ------ -------------- ----------- -------------- ------------ --------- --------- --------- -------- A-1 380,510,000.00 3.70000% 326,064,880.05 1,005,366.71 0.00 0.00 0.00 0.00 A-2 208,392,000.00 3.93000% 166,541,492.65 545,423.39 0.00 0.00 0.00 0.00 A-3 218,330,615.00 3.96000% 167,302,474.80 552,098.17 0.00 0.00 0.00 0.00 X-A1 0.00 0.57113% 492,606,372.70 234,453.04 0.00 0.00 0.00 0.00 X-A2 0.00 0.84970% 167,302,474.80 118,463.97 0.00 0.00 0.00 0.00 X-B 0.00 0.22268% 18,402,000.00 3,414.88 0.00 0.00 0.00 0.00 B-1 8,588,000.00 3.93000% 8,588,000.00 28,125.70 0.00 0.00 0.00 0.00 B-2 6,134,000.00 4.28000% 6,134,000.00 21,877.93 0.00 0.00 0.00 0.00 B-3 3,680,000.00 4.68000% 3,680,000.00 14,352.00 0.00 0.00 0.00 0.00 B-4 2,453,000.00 4.35418% 2,453,000.00 8,900.67 0.00 0.00 0.00 0.00 B-5 920,000.00 4.35418% 920,000.00 3,338.20 0.00 0.00 0.00 0.00 B-6 2,762,778.00 4.35418% 2,762,778.00 10,024.69 0.00 0.00 0.00 0.00 A-R 100.00 4.34575% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 831,770,493.00 2,545,839.35 0.00 0.00 0.00 0.00 ============== ============ ==== ==== ==== ==== Remaining Ending Total Unpaid Certificate/ Interest Interest Notational Class Distribution Shortfall Balance ------ ------------ --------- -------------- A-1 1,005,366.71 0.00 307,486,258.18 A-2 545,423.39 0.00 158,845,108.40 A-3 552,098.17 0.00 151,867,962.61 X-A1 234,453.04 0.00 466,331,366.58 X-A2 118,463.97 0.00 151,867,962.61 X-B 2,415.69 0.00 18,402,000.00 B-1 28,125.70 0.00 8,588,000.00 B-2 21,877.93 0.00 6,134,000.00 B-3 14,352.00 0.00 3,680,000.00 B-4 8,900.67 0.00 2,453,000.00 B-5 3,338.20 0.00 920,000.00 B-6 10,024.69 0.00 2,762,778.00 A-R 0.22 0.00 0.00 ------------ ---- Totals 2,544,840.38 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 Non- Original Current Certificate/ Current of Unpaid Current Supported Face Certificate Notional Accrued Interest Interest Interest Realized Class (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) --------- -------------- ----------- ------------- ---------- ---------- ---------- ---------- ---------- A-1 380,510,000.00 3.70000% 856.91540314 2.64215582 0.00000000 0.00000000 0.00000000 0.00000000 A-2 208,392,000.00 3.93000% 799.17411729 2.61729524 0.00000000 0.00000000 0.00000000 0.00000000 A-3 218,330,615.00 3.96000% 766.28041743 2.52872539 0.00000000 0.00000000 0.00000000 0.00000000 X-A1 0.00 0.57113% 836.48276403 0.39811894 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 0.84970% 766.28041743 0.54258982 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.22268% 1000.00000000 0.18557113 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,588,000.00 3.93000% 1000.00000000 3.27500000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,134,000.00 4.28000% 1000.00000000 3.56666612 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,680,000.00 4.68000% 1000.00000000 3.90000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,453,000.00 4.35418% 1000.00000000 3.62848349 0.00000000 0.00000000 0.00000000 0.00000000 B-5 920,000.00 4.35418% 1000.00000000 3.62847826 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,762,778.00 4.35418% 1000.00000000 3.62848191 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 4.34575% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Total Unpaid Certificate/ Interest Interest Notational Class(5) Distribution Shortfall Balance -------- ------------ ---------- ------------- A-1 2.64215582 0.00000000 808.08982203 A-2 2.61729524 0.00000000 762.24187301 A-3 2.52872539 0.00000000 695.58711503 X-A1 0.39811894 0.00000000 791.86582246 X-A2 0.54258982 0.00000000 695.58711503 X-B 0.13127323 0.00000000 1000.00000000 B-1 3.27500000 0.00000000 1000.00000000 B-2 3.56666612 0.00000000 1000.00000000 B-3 3.90000000 0.00000000 1000.00000000 B-4 3.62848349 0.00000000 1000.00000000 B-5 3.62847826 0.00000000 1000.00000000 B-6 3.62848191 0.00000000 1000.00000000 A-R 2.20000000 0.00000000 0.00000000
(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 44,396,340.67 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 24,453.55 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 44,420,794.22 Withdrawals Reimbursement for Servicer Advances 460.93 Payment of Service Fee 165,974.60 Payment of Interest and Principal 44,254,358.69 ------------- Total Withdrawals (Pool Distribution Amount) 44,420,794.22 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 161,665.07 Master Servicing Fee 4,309.53 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 165,974.60 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ---------------------------------- --------- ----------- -------- -------- Class X-A1 Pool 1 Comp. Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-A1 Pool 2 Comp. Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-A2 Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-B Sub Amount 1,000.00 999.19 999.19 1,000.00
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 18 5,327,973.31 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 1,011,890.45 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 142,741.83 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 --- ------------ --- ---- --- ---- 22 6,482,605.59 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 18 5,327,973.31 60 Days 0 0.00 60 Days 3 1,011,890.45 90 Days 0 0.00 90 Days 1 142,741.83 120 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 22 6,482,605.59
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 1.228669% 1.085412% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.204778% 0.206142% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.068259% 0.029079% 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% -------- -------- -------- -------- -------- -------- 1.501706% 1.320633% 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 1.228669% 1.085412% 60 Days 0.000000% 0.000000% 60 Days 0.204778% 0.206142% 90 Days 0.000000% 0.000000% 90 Days 0.068259% 0.029079% 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% 1.501706% 1.320633%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 24,453.55
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 11 2,465,920.30 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 860,890.54 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 142,741.83 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 --- ------------ --- ---- --- ---- 14 3,469,552.67 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 11 2,465,920.30 60 Days 0 0.00 60 Days 2 860,890.54 90 Days 0 0.00 90 Days 1 142,741.83 120 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 14 3,469,552.67
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 1.186624% 0.762634% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.215750% 0.266247% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.107875% 0.044146% 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% -------- -------- -------- -------- -------- -------- 1.510248% 1.073027% 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 1.186624% 0.762634% 60 Days 0.000000% 0.000000% 60 Days 0.215750% 0.266247% 90 Days 0.000000% 0.000000% 90 Days 0.107875% 0.044146% 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% 1.510248% 1.073027%
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 7 2,862,053.01 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 150,999.91 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 --- ------------ --- ---- --- ---- 8 3,013,052.92 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 7 2,862,053.01 60 Days 0 0.00 60 Days 1 150,999.91 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 8 3,013,052.92
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 1.301115% 1.708396% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.185874% 0.090134% 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% -------- -------- -------- -------- -------- -------- 1.486989% 1.798530% 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 1.301115% 1.708396% 60 Days 0.000000% 0.000000% 60 Days 0.185874% 0.090134% 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% 1.486989% 1.798530%
COLLATERAL STATEMENT Collateral Description Fixed & Mixed Arm Weighted Average Gross Coupon 4.734277% Weighted Average Net Coupon 4.359143% Weighted Average Pass-Through Rate 3.808276% Weighted Average Maturity (Stepdown Calculation) 331 Beginning Scheduled Collateral Loan Count 1,536 Number of Loans Paid in Full 71 Ending Scheduled Collateral Loan Count 1,465 Beginning Scheduled Collateral Balance 517,144,151.61 Ending Scheduled Collateral Balance 490,869,145.49 Ending Actual Collateral Balance at 29-July-2005 490,871,145.58 Monthly P&I Constant 2,041,742.30 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,489.40 Unscheduled Principal 26,273,516.72
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO Underlying Certificate Balance 0.00 Underlying Certificate Interest 0.00 Underlying Certificate Principal 0.00
GROUP GROUP ONE GROUP TWO TOTAL ------------------------------- -------------- ----------------- -------------- Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.620737 4.955828 4.734277 Weighted Average Net Rate 4.245643 4.580618 4.359143 Weighted Average Maturity 330 334 331 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal and Interest Constant 1,317,588.04 724,154.26 2,041,742.30 Beginning Loan Count 976 560 1,536 Loans Paid in Full 49 22 71 Ending Loan Count 927 538 1,465 Beginning Scheduled Balance 341,919,598.90 175,224,552.71 517,144,151.61 Ending Scheduled Balance 323,340,977.03 167,528,168.46 490,869,145.49 Scheduled Principal 987.45 501.95 1,489.40 Unscheduled Principal 18,577,634.42 7,695,882.30 26,273,516.72 Scheduled Interest 1,316,600.59 723,652.31 2,040,252.90 Servicing Fee 106,876.77 54,788.30 161,665.07 Master Servicing Fee 2,849.33 1,460.20 4,309.53 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 0.00 0.00 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 1,206,874.49 667,403.81 1,874,278.30 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 One Month Libor Loan Balance 180,702,035.10 Six Month Libor Loan Balance 142,638,941.93 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.363027% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Two Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.044610% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%