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: April 28, 2006

Distribution Date: May 22, 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	 	 	 	5.26717	%	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	0.00	 
	A-1
	 	 	81744FHK6	 	 	SEN	 	 	 	5.12250	%	 	 	 	207,929,484.55	 	 	 	 	887,395.78	 	 	 	 	12,022,888.50	 	 	 	 	0.00	 	 	 	 	195,906,596.05	 	 	 	 	12,910,284.28	 	 	 	 	0.00	 
	B-1
	 	 	81744FHP5	 	 	SUB	 	 	 	5.29250	%	 	 	 	6,208,000.00	 	 	 	 	27,373.60	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	6,208,000.00	 	 	 	 	27,373.60	 	 	 	 	0.00	 
	B-2
	 	 	81744FHQ3	 	 	SUB	 	 	 	5.56250	%	 	 	 	3,287,000.00	 	 	 	 	15,233.13	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	3,287,000.00	 	 	 	 	15,233.13	 	 	 	 	0.00	 
	B-3
	 	 	81744FHR1	 	 	SUB	 	 	 	5.92798	%	 	 	 	2,374,000.00	 	 	 	 	11,724.84	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	2,374,000.00	 	 	 	 	11,724.84	 	 	 	 	0.00	 
	B-4
	 	 	81744FHS9	 	 	SUB	 	 	 	5.92798	%	 	 	 	1,095,000.00	 	 	 	 	5,408.04	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	1,095,000.00	 	 	 	 	5,408.04	 	 	 	 	0.00	 
	B-5
	 	 	81744FHT7	 	 	SUB	 	 	 	5.92798	%	 	 	 	731,000.00	 	 	 	 	3,610.30	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	731,000.00	 	 	 	 	3,610.30	 	 	 	 	0.00	 
	B-6
	 	 	81744FHU4	 	 	SUB	 	 	 	5.92798	%	 	 	 	1,826,168.26	 	 	 	 	9,019.18	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	1,826,168.26	 	 	 	 	9,019.18	 	 	 	 	0.00	 
	X-A
	 	 	81744FHL4	 	 	IO	 	 	 	0.80548	%	 	 	 	0.00	 	 	 	 	139,537.53	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	139,537.53	 	 	 	 	0.00	 
	X-B
	 	 	81744FHM2	 	 	IO	 	 	 	0.54201	%	 	 	 	0.00	 	 	 	 	4,287.69	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	4,287.69	 	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	223,450,652.81	 	 	 	 	1,103,590.09	 	 	 	 	12,022,888.50	 	 	 	 	0.00	 	 	 	 	211,427,764.31	 	 	 	 	13,126,478.59	 	 	 	 	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	 	 	 	 	207,929,484.55	 	 	 	 	1,573.71	 	 	 	12,021,314.79	 	 	 	0.00	 	 	 	0.00	 	 	 	 	12,022,888.50	 	 	 	 	195,906,596.05	 	 	 	 	0.56023414	 	 	 	 	12,022,888.50	 
	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	 	 	 	 	223,450,652.81	 	 	 	 	1,573.71	 	 	 	12,021,314.79	 	 	 	0.00	 	 	 	0.00	 	 	 	 	12,022,888.50	 	 	 	 	211,427,764.31	 	 	 	 	0.57892382	 	 	 	 	12,022,888.50	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 





 









 






     



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	 	 	 	 	594.61599816	 	 	 	 	0.00450034	 	 	 	34.37735686	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	 	34.38185720	 	 	 	 	560.23414096	 	 	 	 	0.45023414	 	 	 	 	34.38185720	 
	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	 	 	5.26717%	 	 	 	0.00	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	0.00	 	 	 	 	0.00	 
	A-1
	 	 	04/20/06 –  05/19/06	 	 	30	 	 	5.12250%	 	 	 	207,929,484.55	 	 	 	 	887,598.99	 	 	 	0.00	 	 	 	0.00	 	 	 	203.20	 	 	 	 	887,395.78	 	 	 	 	0.00	 	 	 	 	195,906,596.05	 
	B-1
	 	 	04/20/06 –  05/19/06	 	 	30	 	 	5.29250%	 	 	 	6,208,000.00	 	 	 	 	27,379.87	 	 	 	0.00	 	 	 	0.00	 	 	 	6.27	 	 	 	 	27,373.60	 	 	 	 	0.00	 	 	 	 	6,208,000.00	 
	B-2
	 	 	04/20/06 –  05/19/06	 	 	30	 	 	5.56250%	 	 	 	3,287,000.00	 	 	 	 	15,236.61	 	 	 	0.00	 	 	 	0.00	 	 	 	3.49	 	 	 	 	15,233.13	 	 	 	 	0.00	 	 	 	 	3,287,000.00	 
	B-3
	 	 	04/01/06 – 04/30/06	 	 	30	 	 	5.92798%	 	 	 	2,374,000.00	 	 	 	 	11,727.52	 	 	 	0.00	 	 	 	0.00	 	 	 	2.68	 	 	 	 	11,724.84	 	 	 	 	0.00	 	 	 	 	2,374,000.00	 
	B-4
	 	 	04/01/06 – 04/30/06	 	 	30	 	 	5.92798%	 	 	 	1,095,000.00	 	 	 	 	5,409.28	 	 	 	0.00	 	 	 	0.00	 	 	 	1.24	 	 	 	 	5,408.04	 	 	 	 	0.00	 	 	 	 	1,095,000.00	 
	B-5
	 	 	04/01/06 – 04/30/06	 	 	30	 	 	5.92798%	 	 	 	731,000.00	 	 	 	 	3,611.13	 	 	 	0.00	 	 	 	0.00	 	 	 	0.83	 	 	 	 	3,610.30	 	 	 	 	0.00	 	 	 	 	731,000.00	 
	B-6
	 	 	04/01/06 – 04/30/06	 	 	30	 	 	5.92798%	 	 	 	1,826,168.26	 	 	 	 	9,021.24	 	 	 	0.00	 	 	 	0.00	 	 	 	2.07	 	 	 	 	9,019.18	 	 	 	 	0.00	 	 	 	 	1,826,168.26	 
	X-A
	 	 	04/01/06 – 04/30/06	 	 	30	 	 	0.80548%	 	 	 	207,929,484.55	 	 	 	 	139,569.48	 	 	 	0.00	 	 	 	0.00	 	 	 	31.95	 	 	 	 	139,537.53	 	 	 	 	0.00	 	 	 	 	195,906,596.05	 
	X-B
	 	 	04/01/06 – 04/30/06	 	 	30	 	 	0.54201%	 	 	 	9,495,000.00	 	 	 	 	4,288.67	 	 	 	0.00	 	 	 	0.00	 	 	 	0.98	 	 	 	 	4,287.69	 	 	 	 	0.00	 	 	 	 	9,495,000.00	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,103,842.79	 	 	 	0.00	 	 	 	0.00	 	 	 	252.71	 	 	 	 	1,103,590.09	 	 	 	 	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	 	 	 	5.26717%	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	0.00000000	 	 	 	 	0.00000000	 	 	 	 	0.00000000	 	 	 	 	0.00000000	 	 	 	 	0.00000000	 
	A-1
	 	 	 	349,687,000.00	 	 	 	5.12250%	 	 	 	594.61599816	 	 	 	2.53826705	 	 	 	0.00000000	 	 	0.00000000	 	 	 	 	0.00058109	 	 	 	 	2.53768593	 	 	 	 	0.00000000	 	 	 	 	560.23414096	 
	B-1
	 	 	 	6,208,000.00	 	 	 	5.29250%	 	 	 	1000.00000000	 	 	 	4.41041720	 	 	 	0.00000000	 	 	0.00000000	 	 	 	 	0.00100999	 	 	 	 	4.40940722	 	 	 	 	0.00000000	 	 	 	 	1000.00000000	 
	B-2
	 	 	 	3,287,000.00	 	 	 	5.56250%	 	 	 	1000.00000000	 	 	 	4.63541527	 	 	 	0.00000000	 	 	0.00000000	 	 	 	 	0.00106176	 	 	 	 	4.63435656	 	 	 	 	0.00000000	 	 	 	 	1000.00000000	 
	B-3
	 	 	 	2,374,000.00	 	 	 	5.92798%	 	 	 	1000.00000000	 	 	 	4.93998315	 	 	 	0.00000000	 	 	0.00000000	 	 	 	 	0.00112890	 	 	 	 	4.93885425	 	 	 	 	0.00000000	 	 	 	 	1000.00000000	 
	B-4
	 	 	 	1,095,000.00	 	 	 	5.92798%	 	 	 	1000.00000000	 	 	 	4.93998174	 	 	 	0.00000000	 	 	0.00000000	 	 	 	 	0.00113242	 	 	 	 	4.93884932	 	 	 	 	0.00000000	 	 	 	 	1000.00000000	 
	B-5
	 	 	 	731,000.00	 	 	 	5.92798%	 	 	 	1000.00000000	 	 	 	4.93998632	 	 	 	0.00000000	 	 	0.00000000	 	 	 	 	0.00113543	 	 	 	 	4.93885089	 	 	 	 	0.00000000	 	 	 	 	1000.00000000	 
	B-6
	 	 	 	1,826,168.26	 	 	 	5.92798%	 	 	 	1000.00000000	 	 	 	4.93998291	 	 	 	0.00000000	 	 	0.00000000	 	 	 	 	0.00113352	 	 	 	 	4.93885487	 	 	 	 	0.00000000	 	 	 	 	1000.00000000	 
	X-A
	 	 	 	0.00	 	 	 	0.80548%	 	 	 	594.61599816	 	 	 	0.39912688	 	 	 	0.00000000	 	 	0.00000000	 	 	 	 	0.00009137	 	 	 	 	0.39903551	 	 	 	 	0.00000000	 	 	 	 	560.23414096	 
	X-B
	 	 	 	0.00	 	 	 	0.54201%	 	 	 	1000.00000000	 	 	 	0.45167667	 	 	 	0.00000000	 	 	0.00000000	 	 	 	 	0.00010321	 	 	 	 	0.45157346	 	 	 	 	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
	 	 	13,191,527.36	 
	Reserve Funds and Credit Enhancements
	 	 	0.00	 
	Proceeds from Repurchased Loans
	 	 	0.00	 
	Servicer Advances
	 	 	24,923.13	 
	Gains & Subsequent Recoveries (Realized Losses)
	 	 	0.00	 
	Prepayment Penalties
	 	 	0.00	 
	 
	 	 	 	 
	Total Deposits
	 	 	13,216,450.49	 
	 
	 	 	 	 
	Withdrawals
	 	 	 	 
	Reserve Funds and Credit Enhancements
	 	 	0.00	 
	Reimbursement of Servicer Advances
	 	 	16,759.13	 
	Total Administration Fees
	 	 	73,212.77	 
	Payment of Interest and Principal
	 	 	13,126,478.59	 
	 
	 	 	 	 
	Total Withdrawals (Pool Distribution Amount)
	 	 	13,216,450.49	 
	 
	 	 	 	 
	Ending Balance
	 	 	0.00	 
	 
	 	 	 	 






 









 





Prepayment/Curtailment Interest Shortfall




	 	 	 	 	 
	Total Prepayment/Curtailment Interest Shortfall
	 	 	252.71	 
	Servicing Fee Support
	 	 	0.00	 
	 
	 	 	 	 
	 
	 	 	 	 
	Non-Supported Prepayment Curtailment Interest Shortfall
	 	 	252.71	 
	 
	 	 	 	 






Administration Fees




	 	 	 	 	 
	Gross Servicing Fee*
	 	 	70,140.32	 
	Master Servicing Fee
	 	 	3,072.45	 
	Supported Prepayment/Curtailment Interest Shortfall
	 	 	0.00	 
	 
	 	 	 	 
	 
	 	 	 	 
	Total Administration Fees
	 	 	73,212.77	 
	 
	 	 	 	 








 




			
	*	 	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
	 	 	6.321157	%
	Weighted Average Net Coupon
	 	 	5.944481	%
	Weighted Average Pass-Through Rate
	 	 	5.927981	%
	Weighted Average Remaining Term
	 	 	325	 
	 
	 	 	 	 
	Beginning Scheduled Collateral Loan Count
	 	 	649	 
	Number of Loans Paid in Full
	 	 	28	 
	Ending Scheduled Collateral Loan Count
	 	 	621	 
	 
	 	 	 	 
	Beginning Scheduled Collateral Balance
	 	 	223,450,652.81	 
	Ending Scheduled Collateral Balance
	 	 	211,427,764.31	 
	Ending Actual Collateral Balance at 28-Apr-2006
	 	 	211,428,666.44	 
	 
	 	 	 	 
	Monthly P&I Constant
	 	 	1,178,629.20	 
	Special Servicing Fee
	 	 	0.00	 
	Prepayment Penalty Paid Amount
	 	 	0.00	 
	Prepayment Penalty Paid Count
	 	 	0	 
	Realized Loss Amount
	 	 	0.00	 
	Cumulative Realized Loss
	 	 	0.00	 
	 
	 	 	 	 
	Scheduled Principal
	 	 	1,573.71	 
	Unscheduled Principal
	 	 	12,021,314.79	 






Additional Reporting – Deal Level



Miscellaneous Reporting



	 	 	 	 	 
	Senior Percentage
	 	 	95.053872	%
	Senior Prepayment Percentage
	 	 	100.000000	%
	Subordinate Prepayment Percentage
	 	 	0.000000	%
	Subordinate Percentage
	 	 	6.946128	%






 









 






     



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
	 	11	 	 	3,987,130.27	 	 	 	30 Days	 	 	0	 	 	 	0.00	 	 	 	30 Days	 	 	0	 	 	 	0.00	 	 	 	30 Days	 	 	0	 	 	 	0.00	 	 	 	30 Days	 	 	11	 	 	 	3,987,130.27	 
	60 Days
	 	1	 	 	359,649.24	 	 	 	60 Days	 	 	0	 	 	 	0.00	 	 	 	60 Days	 	 	0	 	 	 	0.00	 	 	 	60 Days	 	 	0	 	 	 	0.00	 	 	 	60 Days	 	 	1	 	 	 	359,649.24	 
	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
	 	1	 	 	545,028.00	 	 	 	120 Days	 	 	0	 	 	 	0.00	 	 	 	120 Days	 	 	0	 	 	 	0.00	 	 	 	120 Days	 	 	0	 	 	 	0.00	 	 	 	120 Days	 	 	1	 	 	 	545,028.00	 
	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	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	13	 	 	4,891,807.51	 	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	 	13	 	 	 	4,891,807.51	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	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
	 	1.771337%	 	 	1.885804	%	 	 	30 Days	 	 	0.000000%	 	 	 	0.000000	%	 	 	30 Days	 	 	0.000000%	 	 	 	0.000000	%	 	 	30 Days	 	 	0.000000%	 	 	 	0.000000	%	 	 	30 Days	 	 	1.771337%	 	 	 	1.885804	%
	60 Days
	 	0.161031%	 	 	0.170104	%	 	 	60 Days	 	 	0.000000%	 	 	 	0.000000	%	 	 	60 Days	 	 	0.000000%	 	 	 	0.000000	%	 	 	60 Days	 	 	0.000000%	 	 	 	0.000000	%	 	 	60 Days	 	 	0.161031%	 	 	 	0.170104	%
	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
	 	0.161031%	 	 	0.257783	%	 	 	120 Days	 	 	0.000000%	 	 	 	0.000000	%	 	 	120 Days	 	 	0.000000%	 	 	 	0.000000	%	 	 	120 Days	 	 	0.000000%	 	 	 	0.000000	%	 	 	120 Days	 	 	0.161031%	 	 	 	0.257783	%
	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	%
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	2.093398%	 	 	2.313692	%	 	 	 	 	 	0.000000%	 	 	 	0.000000	%	 	 	 	 	 	0.000000%	 	 	 	0.000000	%	 	 	 	 	 	0.000000%	 	 	 	0.000000	%	 	 	 	 	 	2.093398%	 	 	 	2.313692	%
	 






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Current Period Class A Insufficient Funds:

	 	 	0.00	 	 	Principal Balance of Contaminated Properties
	 	 	0.00	 	 	Periodic Advance
	 	 	24,923.13