EX-10.1 2 f13148dexv10w1.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: AUGUST 31, 2005 DISTRIBUTION DATE: SEPTEMBER 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Class CUSIP Description Rate Certificate Balance Distribution ------ --------- ----------- ------------ ------------------- ------------ A-1 81744FFY8 SEN 3.87938% 307,486,258.18 994,046.70 A-2 81744FFZ5 SEN 3.93000% 158,845,108.40 520,217.73 A-3 81744FGZ9 SEN 3.96000% 151,867,962.61 501,164.28 X-A1 81744FGC5 IO 0.74147% 0.00 288,140.39 X-A2 81744FGD3 IO 0.88010% 0.00 111,383.03 X-B 81744FGF8 IO 0.30703% 0.00 4,032.51 B-1 81744FGG6 SUB 4.10938% 8,588,000.00 29,409.46 B-2 81744FGH4 SUB 4.45938% 6,134,000.00 22,794.86 B-3 81744FGJ0 SUB 4.85938% 3,680,000.00 14,902.10 B-4 81744FGK7 SUB 4.63899% 2,453,000.00 9,482.87 B-5 81744FGK7 SUB 4.63899% 920,000.00 3,556.56 B-6 81744FGL5 SUB 4.63899% 2,762,778.00 10,680.42 A-R 81744FGE1 RES 4.43102% 0.00 0.28 -------------- ------------ Totals 642,737,107.19 2,509,811.19 ============== ============ Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss ------ ------------- ------------- -------------- ------------- ------------- A-1 19,762,961.93 0.00 287,723,296.25 20,757,008.63 0.00 A-2 6,706,524.01 0.00 152,138,584.39 7,226,741.74 0.00 A-3 13,202,596.25 0.00 138,665,366.36 13,703,760.53 0.00 X-A1 0.00 0.00 0.00 288,140.39 0.00 X-A2 0.00 0.00 0.00 111,383.03 0.00 X-B 0.00 0.00 0.00 4,032.51 0.00 B-1 0.00 0.00 8,588,000.00 29,409.46 0.00 B-2 0.00 0.00 6,134,000.00 22,794.86 0.00 B-3 0.00 0.00 3,680,000.00 14,902.10 0.00 B-4 0.00 0.00 2,453,000.00 9,482.87 0.00 B-5 0.00 0.00 920,000.00 3,556.56 0.00 B-6 0.00 0.00 2,762,778.00 10,680.42 0.00 A-R 0.00 0.00 0.00 0.28 0.00 ------------- ---- -------------- ------------- ---- Totals 39,672,082.19 0.00 603,065,025.00 42,181,893.38 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-1 380,510,000.00 307,486,258.18 961.43 19,762,000.50 0.00 0.00 A-2 208,392,000.00 158,845,108.40 398.01 6,706,126.00 0.00 0.00 A-3 218,330,615.00 151,867,962.61 0.00 13,202,596.25 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 831,770,493.00 642,737,107.19 1,359.44 39,670,722.75 0.00 0.00 ============== ============== ======== ============= ==== ==== Ending Ending Total Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution ----- --------------- -------------- ----------- ------------- A-1 19,762,961.93 287,723,296.25 0.75615173 19,762,961.93 A-2 6,706,524.01 152,138,584.39 0.73005962 6,706,524.01 A-3 13,202,596.25 138,665,366.65 0.63511646 13,202,596.25 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 39,672,082.19 603,065,025.00 0.72503777 39,672,082.19 ============= ============== ========== =============
(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-1 380,510,000.00 808.08982203 0.00252669 51.93556148 0.00000000 0.00000000 A-2 208,392,000.00 762.24187301 0.00190991 32.18034282 0.00000000 0.00000000 A-3 218,330,615.00 695.58711503 0.00000000 60.47065937 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 Ending Ending Total Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution ----- --------------- -------------- ----------- ------------ A-1 51.93808817 756.15173386 0.75615173 51.93808817 A-2 32.18225273 730.05962028 0.73005962 32.18225273 A-3 60.47065937 635.11645566 0.63511656 60.47065937 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 of Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ----- -------------- ----------- -------------- ------------ ---------- --------- --------- -------- A-1 380,510,000.00 3.87938% 307,486,258.18 994,046.70 0.00 0.00 0.00 0.00 A-2 208,392,000.00 3.93000% 158,845,108.40 520,217.73 0.00 0.00 0.00 0.00 A-3 218,330,615.00 3.96000% 151,867,962.61 501,164.28 0.00 0.00 0.00 0.00 X-A1 0.00 0.74147% 466,331,366.58 288,140.39 0.00 0.00 0.00 0.00 X-A2 0.00 0.88010% 151,867,962.61 111,383.03 0.00 0.00 0.00 0.00 X-B 0.00 0.30703% 18,402,000.00 4,708.37 0.00 0.00 0.00 0.00 B-1 8,588,000.00 4.10938% 8,588,000.00 29,409.46 0.00 0.00 0.00 0.00 B-2 6,134,000.00 4.45938% 6,134,000.00 22,794.86 0.00 0.00 0.00 0.00 B-3 3,680,000.00 4.85938% 3,680,000.00 14,902.10 0.00 0.00 0.00 0.00 B-4 2,453,000.00 4.63899% 2,453,000.00 9,482.87 0.00 0.00 0.00 0.00 B-5 920,000.00 4.63899% 920,000.00 3,556.56 0.00 0.00 0.00 0.00 B-6 2,762,778.00 4.63899% 2,762,778.00 10,680.42 0.00 0.00 0.00 0.00 A-R 100.00 4.43102% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 831,770,493.00 2,510,486.77 0.00 0.00 0.00 0.00 ============== ============ ==== ==== ==== ==== Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance ----- -------------- --------- -------------- A-1 994,046.70 0.00 287,723,296.25 A-2 520,217.73 0.00 152,138,584.39 A-3 501,164.28 0.00 138,665,366.36 X-A1 288,140.39 0.00 439,861,880.64 X-A2 111,383.03 0.00 138,665,366.36 X-B 4,032.51 0.00 18,402,000.00 B-1 29,409.46 0.00 8,588,000.00 B-2 22,794.86 0.00 6,134,000.00 B-3 14,902.10 0.00 3,680,000.00 B-4 9,482.87 0.00 2,453,000.00 B-5 3,556.56 0.00 920,000.00 B-6 10,680.42 0.00 2,762,778.00 A-R 0.28 0.00 0.00 ------------ ---- Totals 2,509,811.19 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 of Non- Current Certificate/ Current Unpaid Current Supported Class Original Face Certificate Notional Accrued Interest Interest Interest Realized (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) ----- -------------- ----------- ------------- ---------- ---------- ---------- ---------- ---------- A-1 380,510,000.00 3.87938% 808.08982203 2.61240624 0.00000000 0.00000000 0.00000000 0.00000000 A-2 208,392,000.00 3.93000% 762.24187301 2.49634213 0.00000000 0.00000000 0.00000000 0.00000000 A-3 218,330,615.00 3.96000% 695.58711503 2.29543750 0.00000000 0.00000000 0.00000000 0.00000000 X-A1 0.00 0.74147% 791.86582246 0.48928411 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 0.88010% 695.58711503 0.51015763 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.30703% 1000.00000000 0.25586186 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,588,000.00 4.10938% 1000.00000000 3.42448300 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,134,000.00 4.45938% 1000.00000000 3.71614933 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,680,000.00 4.85938% 1000.00000000 4.04948370 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,453,000.00 4.63899% 1000.00000000 3.86582552 0.00000000 0.00000000 0.00000000 0.00000000 B-5 920,000.00 4.63899% 1000.00000000 3.86582609 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,762,778.00 4.63899% 1000.00000000 3.86582635 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 4.43102% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Unpaid Certificate/ Class Total Interest Interest Notational (5) Distribution Shortfall Balance ----- -------------- ---------- ------------- A-1 2.61240624 0.00000000 756.15173386 A-2 2.49634213 0.00000000 730.05962028 A-3 2.29543750 0.00000000 635.11645566 X-A1 0.48928411 0.00000000 746.91863950 X-A2 0.51015763 0.00000000 635.11645566 X-B 0.21913433 0.00000000 1000.00000000 B-1 3.42448300 0.00000000 1000.00000000 B-2 3.71614933 0.00000000 1000.00000000 B-3 4.04948370 0.00000000 1000.00000000 B-4 3.86582552 0.00000000 1000.00000000 B-5 3.86582609 0.00000000 1000.00000000 B-6 3.86582635 0.00000000 1000.00000000 A-R 2.80000000 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 42,346,299.23 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 17,596.25 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 42,363,895.48 Withdrawals Reimbursement for Servicer Advances 24,453.55 Payment of Service Fee 157,548.55 Payment of Interest and Principal 42,181,893.38 ------------- Total Withdrawals (Pool Distribution Amount) 42,363,895.48 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 153,457.97 Master Servicing Fee 4,090.58 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 157,548.55 ==========
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 1,000.00 675.86 675.86 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 14 3,842,932.64 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 596,891.21 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 --- ------------ --- ---- --- ---- 15 4,439,823.85 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 14 3,842,932.64 60 Days 0 0.00 60 Days 1 596,891.21 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 15 4,439,823.85
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 1.002147% 0.827503% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.071582% 0.128529% 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% -------- -------- -------- -------- -------- -------- 1.073729% 0.956033% 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 1.002147% 0.827503% 60 Days 0.000000% 0.000000% 60 Days 0.071582% 0.128529% 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% 1.073729% 0.956033%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 17,596.25 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 1,096,966.06 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 596,891.21 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 --- ------------ --- ---- --- ---- 6 1,693,857.27 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 1,096,966.06 60 Days 0 0.00 60 Days 1 596,891.21 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 6 1,693,857.27
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 0.567537% 0.361345% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.113507% 0.196618% 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% -------- -------- -------- -------- -------- -------- 0.681044% 0.557963% 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 0.567537% 0.361345% 60 Days 0.000000% 0.000000% 60 Days 0.113507% 0.196618% 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% 0.681044% 0.557963%
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 9 2,745,966.58 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 --- ------------ --- ---- --- ---- 9 2,745,966.58 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 9 2,745,966.58 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 9 2,745,966.58
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 1.744186% 1.707456% 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% -------- -------- -------- -------- -------- -------- 1.744186% 1.707456% 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 1.744186% 1.707456% 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% 1.744186% 1.707456%
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed Arm ---------------------- ----------------- Weighted Average Gross Coupon 5.023283% Weighted Average Net Coupon 4.648133% Weighted Average Pass-Through Rate 4.003435% Weighted Average Maturity (Stepdown Calculation) 330 Beginning Scheduled Collateral Loan Count 1,465 Number of Loans Paid in Full 68 Ending Scheduled Collateral Loan Count 1,397 Beginning Scheduled Collateral Balance 490,869,145.49 Ending Scheduled Collateral Balance 464,399,659.55 Ending Actual Collateral Balance at 31-Aug-2005 464,400,831.96 Monthly P&I Constant 2,056,171.80 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,359.44 Unscheduled Principal 26,468,126.50
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO Underlying Certificate Balance 138665366.39 Underlying Certificate Interest 612547.31 Underlying Certificate Principal 13202596.22
GROUP GROUP ONE GROUP TWO TOTAL ------------------------------- -------------- ----------------- -------------- Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.999950 5.068319 5.023283 Weighted Average Net Rate 4.624830 4.693111 4.648133 Weighted Average Maturity 329 333 330 Record Date 08/31/2005 08/31/2005 08/31/2005 Principal and Interest Constant 1,348,201.97 707,969.83 2,056,171.80 Beginning Loan Count 927 538 1,465 Loans Paid in Full 46 22 68 Ending Loan Count 881 516 1,397 Beginning Scheduled Balance 323,340,977.03 167,528,168.46 490,869,145.49 Ending Scheduled Balance 303,578,015.10 160,821,644.45 464,399,659.55 Scheduled Principal 961.43 398.01 1,359.44 Unscheduled Principal 19,762,000.50 6,706,126.00 26,468,126.50 Scheduled Interest 1,347,240.54 707,571.82 2,054,812.36 Servicing Fee 101,076.37 52,381.60 153,457.97 Master Servicing Fee 2,694.51 1,396.07 4,090.58 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 1,243,469.66 653,794.15 1,897,263.81 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 169,590,746.63 Six Month Libor Loan Balance 133,987,268.47 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.096595% 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 94.816955% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%