exv10w1



 








EXHIBIT 10.1




	 	 	 	 	 
	Contact:	 	Customer Services — CTSLink
	 	 	Wells Fargo Bank Minnesota, N.A.
	 	 	Securities Administration Services
	 	 	7485 New Horizon Way
	 	 	Frederick, MD 21703
	 	 	www.ctslink.com
	 

	 	Telephone:
	 	(301) 815-6600
	 

	 	Fax:
	 	(301) 315-6660






SMT SERIES 2005-3

Record Date: February 28, 2006

Distribution Date: March 20, 2006




Certificateholder Distribution Summary




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Certificate	 	Certificate	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Class	 	Pass-Through	 	Beginning	 	Interest	 	Principal	 	Current	 	Ending Certificate	 	Total	 	Cumulative
	Class	 	CUSIP	 	Description	 	Rate	 	Certificate Balance	 	Distribution	 	Distribution	 	Realized Loss	 	Balance	 	Distribution	 	Realized Loss
	A-R

	 	81744FHN0
	 	SEN
	 	 	5.37044	%	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	A-1

	 	81744FHK6
	 	SEN
	 	 	4.77000	%	 	 	227,725,448.16	 	 	 	904,712.35	 	 	 	9,385,834.27	 	 	 	0.00	 	 	 	218,339,613.89	 	 	 	10,290,546.62	 	 	 	0.00	 
	B-1

	 	81744FHP5
	 	SUB
	 	 	4.94000	%	 	 	6,208,000.00	 	 	 	25,542.25	 	 	 	0.00	 	 	 	0.00	 	 	 	6,208,000.00	 	 	 	25,542.25	 	 	 	0.00	 
	B-2

	 	81744FHQ3
	 	SUB
	 	 	5.21000	%	 	 	3,287,000.00	 	 	 	14,263.23	 	 	 	0.00	 	 	 	0.00	 	 	 	3,287,000.00	 	 	 	14,263.23	 	 	 	0.00	 
	B-3

	 	81744FHR1
	 	SUB
	 	 	5.53710	%	 	 	2,374,000.00	 	 	 	10,948.22	 	 	 	0.00	 	 	 	0.00	 	 	 	2,374,000.00	 	 	 	10,948.22	 	 	 	0.00	 
	B-4

	 	81744FHS9
	 	SUB
	 	 	5.53710	%	 	 	1,095,000.00	 	 	 	5,049.83	 	 	 	0.00	 	 	 	0.00	 	 	 	1,095,000.00	 	 	 	5,049.83	 	 	 	0.00	 
	B-5

	 	81744FHT7
	 	SUB
	 	 	5.53710	%	 	 	731,000.00	 	 	 	3,371.17	 	 	 	0.00	 	 	 	0.00	 	 	 	731,000.00	 	 	 	3,371.17	 	 	 	0.00	 
	B-6

	 	81744FHU4
	 	SUB
	 	 	5.53710	%	 	 	1,826,168.26	 	 	 	8,421.78	 	 	 	0.00	 	 	 	0.00	 	 	 	1,826,168.26	 	 	 	8,421.78	 	 	 	0.00	 
	X-A

	 	81744FHL4
	 	IO
	 	 	0.76710	%	 	 	0.00	 	 	 	145,493.76	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	145,493.76	 	 	 	0.00	 
	X-B

	 	81744FHM2
	 	IO
	 	 	0.50363	%	 	 	0.00	 	 	 	3,982.80	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	3,982.80	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals

	 	 	 	 	 	 	 	 	 	 	243,246,616.42	 	 	 	1,121,785.39	 	 	 	9,385,834.27	 	 	 	0.00	 	 	 	233,860,782.15	 	 	 	10,507,619.66	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 





Principal Distribution Statement




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Beginning	 	Scheduled	 	Unscheduled	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Original Face	 	Certificate	 	Principal	 	Principal	 	 	 	 	 	Realized	 	Total Principal	 	Ending Certificate	 	Ending Certificate	 	Total Principal
	Class	 	Amount	 	Balance	 	Distribution	 	Distribution	 	Accretion	 	Loss	 	Reduction	 	Balance	 	Percentage	 	Distribution
	A-R

	 	 	100.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	A-1

	 	 	349,687,000.00	 	 	 	227,725,448.16	 	 	 	1,604.27	 	 	 	9,384,230.00	 	 	 	0.00	 	 	 	0.00	 	 	 	9,385,834.27	 	 	 	218,339,613.89	 	 	 	0.62438585	 	 	 	9,385,834.27	 
	B-1

	 	 	6,208,000.00	 	 	 	6,208,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	6,208,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-2

	 	 	3,287,000.00	 	 	 	3,287,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	3,287,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-3

	 	 	2,374,000.00	 	 	 	2,374,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	2,374,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-4

	 	 	1,095,000.00	 	 	 	1,095,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	1,095,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-5

	 	 	731,000.00	 	 	 	731,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	731,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-6

	 	 	1,826,168.26	 	 	 	1,826,168.26	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	1,826,168.26	 	 	 	1.00000000	 	 	 	0.00	 
	X-A

	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	X-B

	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals

	 	 	365,208,268.26	 	 	 	243,246,616.42	 	 	 	1,604.27	 	 	 	9,384,230.00	 	 	 	0.00	 	 	 	0.00	 	 	 	9,385,834.27	 	 	 	233,860,782.15	 	 	 	0.64034909	 	 	 	9,385,834.27	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 















 






Principal Distribution Factors Statement




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Beginning	 	Scheduled	 	Unscheduled	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Ending	 	 
	 	 	Original Face	 	Certificate	 	Principal	 	Principal	 	 	 	 	 	Realized	 	Total Principal	 	Ending Certificate	 	Certificate	 	Total Principal
	Class	 	Amount	 	Balance	 	Distribution	 	Distribution	 	Accretion	 	Loss	 	Reduction	 	Balance	 	Percentage	 	Distribution
	A-R

	 	 	100.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.0000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	A-1

	 	 	349,687,000.00	 	 	 	651.22652017	 	 	 	0.00458773	 	 	 	26.83608484	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	26.84067257	 	 	 	624.38584760	 	 	 	0.62438585	 	 	 	26.84067257	 
	B-1

	 	 	6,208,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	B-2

	 	 	3,287,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	B-3

	 	 	2,374,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	B-4

	 	 	1,095,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	B-5

	 	 	731,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	B-6

	 	 	1,826,168.26	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	X-A

	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-B

	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 






Interest Distribution- Statement




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Payment	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	of	 	 	 	 	 	Non-	 	 	 	 	 	Remaining	 	Ending
	 	 	 	 	 	 	 	 	Current	 	Beginning	 	Current	 	Unpaid	 	Current	 	Supported	 	 	 	 	 	Unpaid	 	Certificate/
	 	 	 	 	Accrual	 	Certificate	 	Certificate/	 	Accrued	 	Interest	 	Interest	 	Interest	 	Total Interest	 	Interest	 	Notational
	Class	 	Accural Dates	 	Days	 	Rate	 	Notional Balance	 	Interest	 	Shortfall	 	Shortfall	 	Shortfall(1)	 	Distribution	 	Shortfall(2)	 	Balance
	A-R

	 	N/A
	 	 	N/A	 	 	 	5.37044	%	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	A-1

	 	02/20/06 – 03/19/06
	 	 	30	 	 	 	4.77000	%	 	 	227,725,448.16	 	 	 	905,208.66	 	 	 	0.00	 	 	 	0.00	 	 	 	496.31	 	 	 	904,712.35	 	 	 	0.00	 	 	 	218,339,613.89	 
	B-1

	 	02/20/06 – 03/19/06
	 	 	30	 	 	 	4.94000	%	 	 	6,208,000.00	 	 	 	25,556.27	 	 	 	0.00	 	 	 	0.00	 	 	 	14.01	 	 	 	25,542.25	 	 	 	0.00	 	 	 	6,208,000.00	 
	B-2

	 	02/20/06 – 03/19/06
	 	 	30	 	 	 	5.21000	%	 	 	3,287,000.00	 	 	 	14,271.06	 	 	 	0.00	 	 	 	0.00	 	 	 	7.82	 	 	 	14,263.23	 	 	 	0.00	 	 	 	3,287,000.00	 
	B-3

	 	02/01/06 – 02/28/06
	 	 	30	 	 	 	5.53710	%	 	 	2,374,000.00	 	 	 	10,954.23	 	 	 	0.00	 	 	 	0.00	 	 	 	6.01	 	 	 	10,948.22	 	 	 	0.00	 	 	 	2,374,000.00	 
	B-4

	 	02/01/06 – 02/28/06
	 	 	30	 	 	 	5.53710	%	 	 	1,095,000.00	 	 	 	5,052.60	 	 	 	0.00	 	 	 	0.00	 	 	 	2.77	 	 	 	5,049.83	 	 	 	0.00	 	 	 	1,095,000.00	 
	B-5

	 	02/01/06 – 02/28/06
	 	 	30	 	 	 	5.53710	%	 	 	731,000.00	 	 	 	3,373.02	 	 	 	0.00	 	 	 	0.00	 	 	 	1.85	 	 	 	3,371.17	 	 	 	0.00	 	 	 	731,000.00	 
	B-6

	 	02/01/06 – 02/28/06
	 	 	30	 	 	 	5.53710	%	 	 	1,826,168.26	 	 	 	8,426.40	 	 	 	0.00	 	 	 	0.00	 	 	 	4.62	 	 	 	8,421.78	 	 	 	0.00	 	 	 	1,826,168.26	 
	X-A

	 	02/01/06 – 02/28/06
	 	 	30	 	 	 	0.76710	%	 	 	227,725,448.16	 	 	 	145,573.58	 	 	 	0.00	 	 	 	0.00	 	 	 	79.82	 	 	 	145,493.76	 	 	 	0.00	 	 	 	218,339,613.89	 
	X-B

	 	02/01/06 – 02/28/06
	 	 	30	 	 	 	0.50363	%	 	 	9,495,000.00	 	 	 	3,984.98	 	 	 	0.00	 	 	 	0.00	 	 	 	2.18	 	 	 	3,982.80	 	 	 	0.00	 	 	 	9,495,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,122,400.80	 	 	 	0.00	 	 	 	0.00	 	 	 	615.39	 	 	 	1,121,785.39	 	 	 	0.00	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 







 




			
	(1, 2) Amount also includes coupon cap or basis risk shortfalls, if applicable.














 










Interest Distribution Factors Statement




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Beginning	 	 	 	 	 	Payment of	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Ending
	 	 	 	 	 	 	Current	 	Certificate/	 	 	 	 	 	Unpaid	 	 	 	 	 	Non-Supported	 	 	 	 	 	Remaining	 	Certificate/
	 	 	Original Face	 	Certificate	 	Notional	 	Current Accrued	 	Interest	 	Current Interest	 	Interest	 	Total Interest	 	Unpaid Interest	 	Notational
	Class	 	Amount	 	Rate	 	Balance	 	Interest	 	Shortfall	 	Shortfall(1)	 	Shortfall	 	Distribution	 	Shortfall(2)	 	Balance
	A-R

	 	 	100.00	 	 	 	5.37044	%	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	A-1

	 	 	349,687,000.00	 	 	 	4.77000	%	 	 	651.22652017	 	 	 	2.58862543	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00141930	 	 	 	2.58720613	 	 	 	0.00000000	 	 	 	624.38584760	 
	B-1

	 	 	6,208,000.00	 	 	 	4.94000	%	 	 	1000.00000000	 	 	 	4.11666720	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00225677	 	 	 	4.11440883	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-2

	 	 	3,287,000.00	 	 	 	5.21000	%	 	 	1000.00000000	 	 	 	4.34166717	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00237907	 	 	 	4.33928506	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-3

	 	 	2,374,000.00	 	 	 	5.53710	%	 	 	1000.00000000	 	 	 	4.61425021	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00253159	 	 	 	4.61171862	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-4

	 	 	1,095,000.00	 	 	 	5.53710	%	 	 	1000.00000000	 	 	 	4.61424658	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00252968	 	 	 	4.61171689	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-5

	 	 	731,000.00	 	 	 	5.53710	%	 	 	1000.00000000	 	 	 	4.61425170	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00253078	 	 	 	4.61172367	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-6

	 	 	1,826,168.26	 	 	 	5.53710	%	 	 	1000.00000000	 	 	 	4.61425445	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00252989	 	 	 	4.61172181	 	 	 	0.00000000	 	 	 	1000.00000000	 
	X-A

	 	 	0.00	 	 	 	0.76710	%	 	 	651.22652017	 	 	 	0.41629680	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00022826	 	 	 	0.41606854	 	 	 	0.00000000	 	 	 	624.38584760	 
	X-B

	 	 	0.00	 	 	 	0.50363	%	 	 	1000.00000000	 	 	 	0.41969247	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00022959	 	 	 	0.41946288	 	 	 	0.00000000	 	 	 	1000.00000000	 








 




			
	(1, 2) Amount also includes coupon cap or basis risk shortfalls, if applicable.

Per $1 denomination





Certificateholder Account Statement



Certificate Account




	 	 	 	 	 
	Beginning Balance
	 	 	0.00	 
	Deposits

	 	 	 	 
	 
	Payments of Interest and Principal
	 	 	10,575,292.94	 
	Reserve Funds and Credit Enhancements
	 	 	0.00	 
	Proceeds from Repurchased Loans
	 	 	0.00	 
	Servicer Advances
	 	 	27,491.90	 
	Realized Loss (Gains, Subsequent Expenses & Recoveries)
	 	 	0.00	 
	Prepayment Penalties
	 	 	0.00	 
	Swap/Cap Payments
	 	 	0.00	 
	 
	 	 	 
	Total Deposits
	 	 	10,602,784.84	 
	 
	Withdrawals

	 	 	 	 
	Reserve Funds and Credit Enhancements
	 	 	0.00	 
	Reimbursement of Servicer Advances
	 	 	15,419.78	 
	Total Administration Fees
	 	 	79,745.40	 
	Payment of Interest and Principal
	 	 	10,507,619.66	 
	 
	 	 	 
	Total Withdrawals (Pool Distribution Amount)
	 	 	10,602,784.84	 
	 
	Ending Balance
	 	 	0.00	 
	 
	 	 	 
















 






Prepayment/Curtailment Interest Shortfall




	 	 	 	 	 
	Total Prepayment/Curtailment Interest Shortfall
	 	 	615.39	 
	Servicing Fee Support
	 	 	0.00	 
	 
	 	 	 
	 
	 	 	 	 
	Non-Supported Prepayment Curtailment Interest Shortfall
	 	 	615.39	 
	 
	 	 	 






Administration Fees




	 	 	 	 	 
	Gross Servicing Fee*
	 	 	76,400.76	 
	Master Servicing Fee
	 	 	3,344.64	 
	Supported Prepayment/Curtailment Interest Shortfall
	 	 	0.00	 
	 
	 	 	 
	 
	 	 	 	 
	Total Administration Fees
	 	 	79,745.40	 
	 
	 	 	 





 





*Servicer Payees include: BANK OF AMERICA (NY); GMAC MTG CORP;

MORGAN STANLEY DEAN WITTER; NATIONAL CITY MTG CO; PHH US MTG

CORP; RESIDENTIAL FUNDING CORP




Other Accounts




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Beginning	 	Current	 	Current	 	Ending
	Account Type	 	Balance	 	Withdrawals	 	Deposits	 	Balance
	Reserve Fund
	 	 	5,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	5,000.00	 
	Reserve Fund
	 	 	5,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	5,000.00	 
















 






Collateral Statement




	 	 	 	 	 
	Collateral Description	 	Mixed ARM	 
	Weighted Average Gross Coupon
	 	 	5.930505	%
	Weighted Average Net Coupon
	 	 	5.553600	%
	Weighted Average Pass-Through Rate
	 	 	5.537100	%
	Weighted Average Remaining Term
	 	 	327	 
	 
	 	 	 	 
	Beginning Scheduled Collateral Loan Count
	 	 	716	 
	Number of Loans Paid in Full
	 	 	34	 
	Ending Scheduled Collateral Loan Count
	 	 	682	 
	 
	 	 	 	 
	Beginning Scheduled Collateral Balance
	 	 	243,246,616.42	 
	Ending Scheduled Collateral Balance
	 	 	233,860,782.15	 
	Ending Actual Collateral Balance at 28-Feb-2006
	 	 	233,861,935.15	 
	 
	 	 	 	 
	Monthly P&I Constant
	 	 	1,203,750.39	 
	Special Servicing Fee
	 	 	0.00	 
	Prepayment Penalty Waived Amount
	 	 	0.00	 
	Prepayment Penalty Waived Count
	 	 	0	 
	Prepayment Penalty Paid Amount
	 	 	0.00	 
	Prepayment Penalty Paid Count
	 	 	0	 
	Realized Loss Amount
	 	 	0.00	 
	Cumulative Realized Loss
	 	 	0.00	 
	 
	 	 	 	 
	Scheduled Principal
	 	 	1,604.27	 
	Unscheduled Principal
	 	 	9,384,230.00	 






Additional Reporting – Deal Level



Miscellaneous Reporting




	 	 	 	 	 
	Senior Percentage
	 	 	93.619164	%
	Senior Prepayment Percentage
	 	 	100.000000	%
	Subordinate Prepayment Percentage
	 	 	0.000000	%
	Subordinate Percentage
	 	 	6.380836	%
















 







Loan Status Stratification/Credit Enhancement Statement




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT	 	 	BANKRUPTCY	 	 	FORECLOSURE	 	 	REO	 	 	TOTAL
	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	 	Principal	 	 	 	 	 	No. of	 	 	Principal	 	 	 	 	 	No. of	 	 	Principal	 	 	 	 	 	No. of	 	 	Principal
	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	 	Balance	 	 	 	 	 	Loans	 	 	Balance	 	 	 	 	 	Loans	 	 	Balance	 	 	 	 	 	Loans	 	 	Balance
	0-29 Days

	 	 	0	 	 	 	0.00	 	 	 	0-29 Days
	 	 	 	0	 	 	 	 	0.00	 	 	 	0-29 Days
	 	 	 	0	 	 	 	 	0.00	 	 	 	0-29 Days
	 	 	 	0	 	 	 	 	0.00	 	 	 	0-29 Days
	 	 	 	0	 	 	 	 	0.00	 
	30 Days

	 	 	12	 	 	 	4,691,562.99	 	 	 	30 Days
	 	 	 	0	 	 	 	 	0.00	 	 	 	30 Days
	 	 	 	0	 	 	 	 	0.00	 	 	 	30 Days
	 	 	 	0	 	 	 	 	0.00	 	 	 	30 Days
	 	 	 	12	 	 	 	 	4,691,562.99	 
	60 Days

	 	 	3	 	 	 	1,034,577.24	 	 	 	60 Days
	 	 	 	0	 	 	 	 	0.00	 	 	 	60 Days
	 	 	 	0	 	 	 	 	0.00	 	 	 	60 Days
	 	 	 	0	 	 	 	 	0.00	 	 	 	60 Days
	 	 	 	3	 	 	 	 	1,034,577.24	 
	90 Days

	 	 	0	 	 	 	0.00	 	 	 	90 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	 	 	 	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	 	 	 	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	 	 	 	180+ Days
	 	 	 	0	 	 	 	 	0.00	 	 	 	180+ Days
	 	 	 	0	 	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	15	 	 	 	5,726,140.23	 	 	 	 	 	 	 	0	 	 	 	 	0.00	 	 	 	 	 	 	 	0	 	 	 	 	0.00	 	 	 	 	 	 	 	0	 	 	 	 	0.00	 	 	 	 	 	 	 	15	 	 	 	 	5,726,140.23	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	No. of
	 	Principal
	 	 	 	 	 	No. of
	 	 	Principal
	 	 	 	 	 	No. of
	 	 	Principal
	 	 	 	 	 	No. of
	 	 	Principal
	 	 	 	 	 	No. of
	 	 	Principal

	 

	 	Loans
	 	Balance
	 	 	 	 	 	Loans
	 	 	Balance
	 	 	 	 	 	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	%	 	 	0-29 Days
	 	 	 	0.000000	%	 	 	 	0.000000	%	 	 	0-29 Days
	 	 	 	0.000000	%	 	 	 	0.000000	%
	30 Days

	 	 	1.759531	%	 	 	2.006125	%	 	 	30 Days
	 	 	 	0.000000	%	 	 	 	0.000000	%	 	 	30 Days
	 	 	 	0.000000	%	 	 	 	0.000000	%	 	 	30 Days
	 	 	 	0.000000	%	 	 	 	0.000000	%	 	 	30 Days
	 	 	 	1.759531	%	 	 	 	2.006125	%
	60 Days

	 	 	0.439883	%	 	 	0.442388	%	 	 	60 Days
	 	 	 	0.000000	%	 	 	 	0.000000	%	 	 	60 Days
	 	 	 	0.000000	%	 	 	 	0.000000	%	 	 	60 Days
	 	 	 	0.000000	%	 	 	 	0.000000	%	 	 	60 Days
	 	 	 	0.439883	%	 	 	 	0.442388	%
	90 Days

	 	 	0.000000	%	 	 	0.000000	%	 	 	90 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	%	 	 	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	%	 	 	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	%	 	 	180+ Days
	 	 	 	0.000000	%	 	 	 	0.000000	%	 	 	180+ Days
	 	 	 	0.000000	%	 	 	 	0.000000	%
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	2.199413	%	 	 	2.448513	%	 	 	 	 	 	 	0.000000	%	 	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	 	0.000000	%	 	 	 	 	 	 	2.199413	%	 	 	 	2.448513	%






	 	 	 	 	 
	Current Period Class A Insufficient Funds:            0.00

	 	Principal Balance of Contaminated Properties            0.00
	 	Periodic Advance            27,491.90