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: OCTOBER 31, 2005
DISTRIBUTION DATE: NOVEMBER 21, 2005
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Ending
Class Pass-Through Certificate Interest Principal Current Certificate Total
Class CUSIP Description Rate Balance Distribution Distribution Realized Loss Balance Distribution
- ------ --------- ------------ ------------ -------------- ------------ ------------- ------------- -------------- -------------
A-1 81744FFY8 SEN 4.27000% 270,540,673.88 962,673.90 14,842,796.87 0.00 255,697,877.01 15,805,470.77
A-2 81744FFZ5 SEN 3.93000% 142,576,080.24 466,936.66 9,987,421.98 0.00 132,588,658.26 10,454,358.64
A-3 81744FGZ9 SEN 3.96000% 129,074,378.08 425,945.45 8,665,163.97 0.00 120,409,214.10 9,091,109.42
X-A1 81744FGC5 IO 0.69585% 0.00 239,555.38 0.00 0.00 0.00 239,555.38
X-A2 81744FGD3 IO 0.89372% 0.00 96,130.28 0.00 0.00 0.00 96,130.28
X-B 81744FGF8 IO 0.16228% 0.00 1,243.45 0.00 0.00 0.00 1,243.45
B-1 81744FGG6 SUB 4.50000% 8,588,000.00 32,205.00 0.00 0.00 8,588,000.00 32,205.00
B-2 81744FGH4 SUB 4.85000% 6,134,000.00 24,791.58 0.00 0.00 6,134,000.00 24,791.58
B-3 81744FGJ0 SUB 5.25000% 3,680,000.00 16,100.00 0.00 0.00 3,680,000.00 16,100.00
B-4 81744FGK7 SUB 4.84774% 2,453,000.00 9,909.58 0.00 0.00 2,453,000.00 9,909.58
B-5 81744FGK7 SUB 4.84774% 920,000.00 3,716.60 0.00 0.00 920,000.00 3,716.60
B-6 81744FGL5 SUB 4.84774% 2,762,778.00 11,161.02 0.00 0.00 2,762,778.00 11,161.02
A-R 81744FGE1 RES 4.79937% 0.00 0.18 0.00 0.00 0.00 0.18
-------------- ------------ ------------- ------------- -------------- -------------
Totals 566,728,910.20 2,990,369.08 33,495,382.82 0.00 533,233,527.37 35,785,751.90
-------------- ------------ ------------- ------------- -------------- -------------
Cumulative
Class Realized Loss
- ------ -------------
A-1 0.00
A-2 0.00
A-3 0.00
X-A1 0.00
X-A2 0.00
X-B 0.00
B-1 0.00
B-2 0.00
B-3 0.00
B-4 0.00
B-5 0.00
B-6 0.00
A-R 0.00
---------
Totals 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-1 380,510,000.00 270,540,673.88 1,467.52 14,841,329.35 0.00 0.00
A-2 208,392,000.00 142,576,080.24 1,434.86 9,985,987.12 0.00 0.00
A-3 218,330,615.00 129,074,378.08 0.00 8,665,163.97 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 831,770,493.00 566,728,910.20 2,902.38 33,492,480.44 0.00 0.00
---------------- --------------- -------------- --------------- ----------- -----------
Total Ending
Principal Ending Certificate Certificate Total Principal
Class Reduction Balance Percentage Distribution
- ------- -------------- ------------------- ---------------- ---------------
A-1 14,842,796.87 255,697,877.01 0.67198727 14,842,796.87
A-2 9,987,421.98 132,588,658.26 0.63624639 9,987,421.98
A-3 8,665,163.97 120,409,214.10 0.55149945 8,665,163.97
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 33,495,382.82 533,233,527.37 0.64108252 33,495,382.82
-------------- ------------------- ---------------- ---------------
(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-1 380,510,000.00 710.99491178 0.00385672 39.00378269 0.00000000 0.00000000
A-2 208,392,000.00 684.17252217 0.00688539 47.91924412 0.00000000 0.00000000
A-3 218,330,615.00 591.18771813 0.00000000 39.68826804 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 Principal Certificate Certificate Total Principal
Class Reduction Balance Percentage Distribution
- ----- --------------- -------------- ------------ ---------------
A-1 39.00763941 671.98727237 0.67198727 39.00763941
A-2 47.92612951 636.24639266 0.63624639 47.92612951
A-3 39.68826804 551.49945004 0.55149945 39.68826804
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 4.27000% 270,540,673.88 962,673.90 0.00 0.00 0.00 0.00
A-2 208,392,000.00 3.93000% 142,576,080.24 466,936.66 0.00 0.00 0.00 0.00
A-3 218,330,615.00 3.96000% 129,074,378.08 425,945.45 0.00 0.00 0.00 0.00
X-A1 0.00 0.69585% 413,116,754.12 239,555.38 0.00 0.00 0.00 0.00
X-A2 0.00 0.89372% 129,074,378.08 96,130.28 0.00 0.00 0.00 0.00
X-B 0.00 0.16228% 18,402,000.00 2,488.63 0.00 0.00 0.00 0.00
B-1 8,588,000.00 4.50000% 8,588,000.00 32,205.00 0.00 0.00 0.00 0.00
B-2 6,134,000.00 4.85000% 6,134,000.00 24,791.58 0.00 0.00 0.00 0.00
B-3 3,680,000.00 5.25000% 3,680,000.00 16,100.00 0.00 0.00 0.00 0.00
B-4 2,453,000.00 4.84774% 2,453,000.00 9,909.58 0.00 0.00 0.00 0.00
B-5 920,000.00 4.84774% 920,000.00 3,716.60 0.00 0.00 0.00 0.00
B-6 2,762,778.00 4.84774% 2,762,778.00 11,161.02 0.00 0.00 0.00 0.00
A-R 100.00 4.79937% 0.00 0.00 0.00 0.00 0.00 0.00
---------------- ------------- ---------- --------- --------- --------
Totals 831,770,493.00 2,291,614.08 0.00 0.00 0.00 0.00
---------------- ------------- ---------- --------- --------- --------
Remaining Ending
Unpaid Certificate/
Total Interest Interest Notational
Class Distribution Shortfall Balance
- ------- -------------- ---------- ---------------
A-1 962,673.90 0.00 255,697,877.01
A-2 466,936.66 0.00 132,588,658.26
A-3 425,945.45 0.00 120,409,214.10
X-A1 239,555.38 0.00 388,286,535.27
X-A2 96,130.28 0.00 120,409,214.10
X-B 1,243.45 0.00 18,402,000.00
B-1 32,205.00 0.00 8,588,000.00
B-2 24,791.58 0.00 6,134,000.00
B-3 16,100.00 0.00 3,680,000.00
B-4 9,909.58 0.00 2,453,000.00
B-5 3,716.60 0.00 920,000.00
B-6 11,161.02 0.00 2,762,778.00
A-R 0.18 0.00 0.00
-------------- ----------
Totals 2,290,369.08 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
Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized
Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6)
- --------- --------------- ----------- ---------------- --------------- ----------- ----------- ----------- -----------
A-1 380,510,000.00 4.27000% 710.99491178 2.52995690 0.00000000 0.00000000 0.00000000 0.00000000
A-2 208,392,000.00 3.93000% 684.17252217 2.24066500 0.00000000 0.00000000 0.00000000 0.00000000
A-3 218,330,615.00 3.96000% 591.18771813 1.95091948 0.00000000 0.00000000 0.00000000 0.00000000
X-A1 0.00 0.69585% 701.50339805 0.40678310 0.00000000 0.00000000 0.00000000 0.00000000
X-A2 0.00 0.89372% 591.18771813 0.44029684 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 0.16228% 1000.00000000 0.13523693 0.00000000 0.00000000 0.00000000 0.00000000
B-1 8,588,000.00 4.50000% 1000.00000000 3.75000000 0.00000000 0.00000000 0.00000000 0.00000000
B-2 6,134,000.00 4.85000% 1000.00000000 4.04166612 0.00000000 0.00000000 0.00000000 0.00000000
B-3 3,680,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 0.00000000 0.00000000
B-4 2,453,000.00 4.84774% 1000.00000000 4.03977986 0.00000000 0.00000000 0.00000000 0.00000000
B-5 920,000.00 4.84774% 1000.00000000 4.03978261 0.00000000 0.00000000 0.00000000 0.00000000
B-6 2,762,778.00 4.84774% 1000.00000000 4.03978170 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 4.79937% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Remaining
Unpaid
Total Interest Interest Ending Certificate/
Class (5) Distribution Shortfall Notational Balance
- --------- -------------- ----------- -------------------
A-1 2.52995690 0.00000000 671.98727237
A-2 2.24066500 0.00000000 636.24639266
A-3 1.95091948 0.00000000 551.49945004
X-A1 0.40678310 0.00000000 659.33981421
X-A2 0.44029684 0.00000000 551.49945004
X-B 0.06757146 0.00000000 1000.00000000
B-1 3.75000000 0.00000000 1000.00000000
B-2 4.04166612 0.00000000 1000.00000000
B-3 4.37500000 0.00000000 1000.00000000
B-4 4.03977986 0.00000000 1000.00000000
B-5 4.03978261 0.00000000 1000.00000000
B-6 4.03978170 0.00000000 1000.00000000
A-R 1.80000000 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 35,926,200.500
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 35,926,200.50
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 140,448.60
Payment of Interest and Principal 35,785,751.90
--------------
Total Withdrawals (Pool Distribution Amount) 34,926,200.50
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 136,801.48
Master Servicing Fee 3,647.12
Supported Prepayment/Curtailment Interest Shortfall 0.00
----------
Net Servicing Fee 140,448.60
==========
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 1,245.18 1,245.18 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT
No. of Principal
Loans Balance
0-29 Days 0 0.00
30 Days 21 7,827,073.97
60 Days 3 444,966.73
90 Days 1 168,000.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
-- ------------
25 8,440,040.70
No. of Principal
Loans Balance
0-29 Days 0.000000% 0.000000%
30 Days 1.658768% 1.895980%
60 Days 0.236967% 0.107786%
90 Days 0.078989% 0.040695%
120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------- ---------
1.974724% 2.044462%
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 21 7,827,073.97
60 Days 3 444,966.73
90 Days 1 168,000.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
-- -------------
25 8,440,040.70
No. of Principal
Loans Balance
0-29 Days 0.000000% 0.000000%
30 Days 1.658768% 1.895980%
60 Days 0.236967% 0.107786%
90 Days 0.078989% 0.040695%
120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------- --------
1.974724% 2.044462%
Current Period Class A Insufficient Funds: 0.00
Principal Balance of Contaminated Properties 0.00
Advance Periodic 0.00
DELINQUENCY STATUS BY GROUP
DELINQUENT
GROUP ONE
No. of Principal
Loans Balance
0-29 Days 0 0.00
30 Days 11 3,285,701.13
60 Days 2 324,966.73
90 Days 1 168,000.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
-- ------------
14 3,778,667.86
No. of Principal
Loans Balance
0-29 Days 0.000000% 0.000000%
30 Days 1.373283% 1.209967%
60 Days 0.249688% 0.119670%
90 Days 0.124844% 0.061866%
120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------- --------
1.747815% 1.391503%
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 11 3,285,701.13
60 Days 2 324,966.73
90 Days 1 168,000.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
-- ------------
14 3,778,667.86
No. of Principal
Loans Balance
0-29 Days 0.000000% 0.000000%
30 Days 1.373283% 1.209967%
60 Days 0.249688% 0.119670%
90 Days 0.124844% 0.061866%
120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------- --------
1.747815% 1.391503%
DELINQUENT
GROUP TWO
No. of Principal
Loans Balance
0-29 Days 0 0.00
30 Days 10 4,541,372.84
60 Days 1 120,000.00
90 Days 0 0.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
-- ------------
11 4,661,372.84
No. of Principal
Loans Balance
0-29 Days 0.000000% 0.000000%
30 Days 2.150538% 3.214637%
60 Days 0.215054% 0.084943%
90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------- --------
2.365591% 3.299580%
BANKRUPTCY
1.183654%
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 10 4,541,372.84
60 Days 1 120,000.00
90 Days 0 0.00
120 Days 0 0.00
150 Days 0 0.00
180+ Days 0 0.00
-- ------------
11 4,661,372.84
No. of Principal
Loans Balance
0-29 Days 0.000000% 0.000000%
30 Days 2.150538% 3.214637%
60 Days 0.215054% 0.084943%
90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------- --------
2.365591% 3.299580%
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed Arm
Weighted Average Gross Coupon 5.227200%
Weighted Average Net Coupon 4.852105%
Weighted Average Pass-Through Rate 4.132947%
Weighted Average Maturity (Stepdown Calculation) 328
Beginning Scheduled Collateral Loan Count 1,337
Number of Loans Paid in Full 71
Ending Scheduled Collateral Loan Count 1,266
Beginning Scheduled Collateral Balance 437,654,533.03
Ending Scheduled Collateral Balance 412,824,314.18
Ending Actual Collateral Balance at 31-Oct-2005 412,824,618.57
Monthly P&I Constant 1,909,325.40
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 2,902.38
Unscheduled Principal 24,827,316.47
MISCELLANEOUS REPORTING
Rapid Prepay Condition? NO
Underlying Certificate Balance 129,074,378.08
Underlying Certificate Interest 522,075.73
Underlying Certificate Principal 8,665,163.95
GROUP GROUP ONE GROUP TWO TOTAL
Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM
Weighted Average Coupon Rate 5.254217 5.176045 5.227200
Weighted Average Net Rate 4.879189 4.800824 4.852105
Weighted Average Maturity 327 331 328
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal and Interest Constant 1,255,453.78 653,871.62 1,909,325.40
Beginning Loan Count 841 496 1,337
Loans Paid in Full 40 31 71
Ending Loan Count 801 465 1,266
Beginning Scheduled Balance 286,395,392.73 151,259,140.30 437,654,533.03
Ending Scheduled Balance 271,552,595.86 141,271,718.32 412,824,314.18
Scheduled Principal 1,467.52 1,434.86 2,902.38
Unscheduled Principal 14,841,329.35 9,985,987.12 24,827,316.47
Scheduled Interest 1,253,986.26 652,436.76 1,906,423.02
Servicing Fee 89,505.17 47,296.31 136,801.48
Master Servicing Fee 2,386.63 1,260.49 3,647.12
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 1,162,094.46 603,879.96 1,765,974.42
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 152,324,635.49
Six Month Libor Loan Balance 119,227,960.37
Principal Transfer Amount 0.00
Interest Transfer Amount 0.00
Pro Rata Senior Percent 94.464045%
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 94.259481%
Senior Percent 100.000000%
Senior Prepayment Percent 100.000000%
Subordinate Percent 0.000000%
Subordinate Prepayment Percent 0.000000%