<PAGE>

                                                                    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 2005-4
                         RECORD DATE: SEPTEMBER 30, 2005
                       DISTRIBUTION DATE: OCTOBER 20, 2005

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                     Certificate    Certificate      Beginning
                        Class      Pass-Through     Certificate      Interest
Class      CUSIP     Description       Rate           Balance      Distribution
------   ---------   -----------   ------------   --------------   ------------
<S>      <C>         <C>           <C>            <C>              <C>
 1-A1    81744FHV2       SEN         4.06000%     133,459,000.00     316,075.40
 1-A2    81744FHW0       SEN         4.21000%      14,829,000.00      36,417.55
 1-AR    81744FJF5       SEN         4.60873%              50.00           0.38
 1-XA    81744FJD0       SEN         1.75623%               0.00     217,022.72
 2-A1    81744FJG3       SEN         4.09854%     160,096,000.00     546,799.76
 2-A2    81744FJH1       SEN         4.09854%      10,268,000.00      35,069.83
 2-AR    81744FJJ7       SEN         4.09854%              50.00           0.18
 1-B1    81744FHX8       SUB         4.29000%       2,093,000.00       5,237.73
 1-B2    81744FHY6       SUB         4.47000%       1,395,000.00       3,637.46
 1-B3    81744FHZ3       SUB         4.60873%       1,706,000.00       6,552.07
 1-XB    81744FJE8       SEN         1.55333%               0.00       4,520.84
 1-B4    81744FJA6       SUB         4.60873%         697,000.00       2,676.90
 1-B5    81744FJB4       SUB         4.60873%         543,000.00       2,085.45
 1-B6    81744FJC2       SUB         4.60873%         310,325.03       1,191.84
 2-B1    81744FJK4       SUB         4.09854%       1,740,000.00       5,942.88
 2-B2    81744FJL2       SUB         4.09854%         696,000.00       2,377.15
 2-B3    81744FJM0       SUB         4.09854%         348,000.00       1,188.58
 2-B4    81744FJN8       SUB         4.09854%         348,000.00       1,188.58
 2-B5    81744FJP3       SUB         4.09854%         348,000.00       1,188.58
 2-B6    81744FJQ1       SUB         4.09854%         174,416.03         595.71
                                                  --------------   ------------
Totals                                            329,050,841.06   1,189,769.59
                                                  ==============   ============

<CAPTION>
                         Current       Ending
           Principal    Realized     Certificate       Total         Cumulative
Class    Distribution     Loss         Balance      Distribution   Realized Loss
------   ------------   --------   --------------   ------------   -------------
<S>      <C>            <C>        <C>              <C>            <C>
 1-A1    1,390,127.95     0.00     132,068,872.05   1,706,203.35        0.00
 1-A2      154,460.98     0.00      14,674,539.02     190,878.53        0.00
 1-AR           50.00     0.00               0.00          50.38        0.00
 1-XA            0.00     0.00               0.00     217,022.72        0.00
 2-A1    5,147,598.37     0.00     154,948,401.63   5,694,398.13        0.00
 2-A2      330,149.04     0.00       9,937,850.96     365,218.87        0.00
 2-AR           50.00     0.00               0.00          50.18        0.00
 1-B1            0.00     0.00       2,093,000.00       5,237.73        0.00
 1-B2            0.00     0.00       1,395,000.00       3,637.46        0.00
 1-B3            0.00     0.00       1,706,000.00       6,552.07        0.00
 1-XB            0.00     0.00               0.00       4,520.84        0.00
 1-B4            0.00     0.00         697,000.00       2,676.90        0.00
 1-B5            0.00     0.00         543,000.00       2,085.45        0.00
 1-B6            0.00     0.00         310,325.03       1,191.84        0.00
 2-B1            0.00     0.00       1,740,000.00       5,942.88        0.00
 2-B2            0.00     0.00         696,000.00       2,377.15        0.00
 2-B3            0.00     0.00         348,000.00       1,188.58        0.00
 2-B4            0.00     0.00         348,000.00       1,188.58        0.00
 2-B5            0.00     0.00         348,000.00       1,188.58        0.00
 2-B6            0.00     0.00         174,416.03         595.71        0.00
          ------------     ----     --------------   ------------        ----
Totals   7,022,436.34     0.00     322,028,404.72   8,212,205.93        0.00
         ============     ====     ==============   ============        ====
</TABLE>

All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.

<PAGE>

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
            Original         Beginning       Scheduled     Unscheduled
              Face          Certificate      Principal      Principal
Class        Amount           Balance      Distribution    Distribution   Accretion
------   --------------   --------------   ------------   -------------   ---------
<S>      <C>              <C>              <C>            <C>             <C>
 1-A1    133,459,000.00   133,459,000.00      1,535.68     1,388,592.27      0.00
 1-A2     14,829,000.00    14,829,000.00        170.63       154,290.34      0.00
 1-AR             50.00            50.00          0.06            49.94      0.00
 1-XA              0.00             0.00          0.00             0.00      0.00
 2-A1    160,096,000.00   160,096,000.00    100,349.20     5,047,249.18      0.00
 2-A2     10,268,000.00    10,268,000.00      6,436.05       323,712.99      0.00
 2-AR             50.00            50.00          0.97            49.03      0.00
 1-B1      2,093,000.00     2,093,000.00          0.00             0.00      0.00
 1-B2      1,395,000.00     1,395,000.00          0.00             0.00      0.00
 1-B3      1,706,000.00     1,706,000.00          0.00             0.00      0.00
 1-XB              0.00             0.00          0.00             0.00      0.00
 1-B4        697,000.00       697,000.00          0.00             0.00      0.00
 1-B5        543,000.00       543,000.00          0.00             0.00      0.00
 1-B6        310,325.03       310,325.03          0.00             0.00      0.00
 2-B1      1,740,000.00     1,740,000.00          0.00             0.00      0.00
 2-B2        696,000.00       696,000.00          0.00             0.00      0.00
 2-B3        348,000.00       348,000.00          0.00             0.00      0.00
 2-B4        348,000.00       348,000.00          0.00             0.00      0.00
 2-B5        348,000.00       348,000.00          0.00             0.00      0.00
 2-B6        174,416.03       174,416.03          0.00             0.00      0.00
         --------------   --------------    ----------     ------------      ----
Totals   329,050,841.06   329,050,841.06    108,492.58     6,913,943.75      0.00
         ==============   ==============    ==========     ============      ====

<CAPTION>
                        Total          Ending         Ending          Total
         Realized     Principal      Certificate    Certificate     Principal
Class    Loss (1)     Reduction        Balance       Percentage   Distribution
------   --------   ------------   --------------   -----------   ------------
<S>      <C>        <C>            <C>              <C>           <C>
 1-A1      0.00     1,390,127.95   132,068,872.05    0.98958386   1,390,127.95
 1-A2      0.00       154,460.98    14,674,539.02    0.98958386     154,460.98
 1-AR      0.00            50.00             0.00    0.00000000          50.00
 1-XA      0.00             0.00             0.00    0.00000000           0.00
 2-A1      0.00     5,147,598.37   154,948,401.63    0.96784680   5,147,598.37
 2-A2      0.00       330,149.04     9,937,850.96    0.96784680     330,149.04
 2-AR      0.00            50.00             0.00    0.00000000          50.00
 1-B1      0.00             0.00     2,093,000.00    0.00000000           0.00
 1-B2      0.00             0.00     1,395,000.00    1.00000000           0.00
 1-B3      0.00             0.00     1,706,000.00    1.00000000           0.00
 1-XB      0.00             0.00             0.00    1.00000000           0.00
 1-B4      0.00             0.00       697,000.00    0.00000000           0.00
 1-B5      0.00             0.00       543,000.00    1.00000000           0.00
 1-B6      0.00             0.00       310,325.03    1.00000000           0.00
 2-B1      0.00             0.00     1,740,000.00    1.00000000           0.00
 2-B2      0.00             0.00       696,000.00    1.00000000           0.00
 2-B3      0.00             0.00       348,000.00    1.00000000           0.00
 2-B4      0.00             0.00       348,000.00    1.00000000           0.00
 2-B5      0.00             0.00       348,000.00    1.00000000           0.00
 2-B6      0.00             0.00       174,416.03    1.00000000           0.00
           ----     ------------   --------------    ----------   ------------
Totals     0.00     7,022,436.34   322,028,404.72    0.97865851   7,022,436.34
           ====     ============   ==============    ==========   ============
</TABLE>

(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.

<PAGE>

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                         Beginning      Scheduled    Unscheduled
        Original Face   Certificate     Principal     Principal                Realized
Class      Amount         Balance     Distribution  Distribution   Accretion   Loss (3)
-----  --------------  -------------  ------------  ------------  ----------  ----------
<S>    <C>             <C>            <C>           <C>           <C>         <C>
 1-A1  133,459,000.00  1000.00000000    0.01150675   10.40463566  0.00000000  0.00000000
 1-A2   14,829,000.00  1000.00000000    0.01150651   10.40463551  0.00000000  0.00000000
 1-AR           50.00  1000.00000000    1.20000000  998.80000000  0.00000000  0.00000000
 1-XA            0.00     0.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 2-A1  160,096,000.00  1000.00000000    0.62680642   31.52639154  0.00000000  0.00000000
 2-A2   10,268,000.00  1000.00000000    0.62680658   31.52639170  0.00000000  0.00000000
 2-AR           50.00  1000.00000000   19.40000000  980.60000000  0.00000000  0.00000000
 1-B1    2,093,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 1-B2    1,395,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 1-B3    1,706,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 1-XB            0.00     0.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 1-B4      697,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 1-B5      543,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 1-B6      310,325.03  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 2-B1    1,740,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 2-B2      696,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 2-B3      348,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 2-B4      348,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 2-B5      348,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 2-B6      174,416.03  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000

<CAPTION>
           Total          Ending        Ending        Total
         Principal     Certificate   Certificate    Principal
Class    Reduction       Balance      Percentage   Distribution
-----  -------------  -------------  -----------  -------------
<S>    <C>            <C>            <C>          <C>
 1-A1    10.41614241   989.58385759   0.98958386    10.41614241
 1-A2    10.41614269   989.58385731   0.98958386    10.41614269
 1-AR  1000.00000000     0.00000000   0.00000000  1000.00000000
 1-XA     0.00000000     0.00000000   0.00000000     0.00000000
 2-A1    32.15319789   967.84680211   0.96784680    32.15319789
 2-A2    32.15319829   967.84680171   0.96784680    32.15319829
 2-AR  1000.00000000     0.00000000   0.00000000  1000.00000000
 1-B1     0.00000000  1000.00000000   1.00000000     0.00000000
 1-B2     0.00000000  1000.00000000   1.00000000     0.00000000
 1-B3     0.00000000  1000.00000000   1.00000000     0.00000000
 1-XB     0.00000000     0.00000000   0.00000000     0.00000000
 1-B4     0.00000000  1000.00000000   1.00000000     0.00000000
 1-B5     0.00000000  1000.00000000   1.00000000     0.00000000
 1-B6     0.00000000  1000.00000000   1.00000000     0.00000000
 2-B1     0.00000000  1000.00000000   1.00000000     0.00000000
 2-B2     0.00000000  1000.00000000   1.00000000     0.00000000
 2-B3     0.00000000  1000.00000000   1.00000000     0.00000000
 2-B4     0.00000000  1000.00000000   1.00000000     0.00000000
 2-B5     0.00000000  1000.00000000   1.00000000     0.00000000
 2-B6     0.00000000  1000.00000000   1.00000000     0.00000000
</TABLE>

(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.

<PAGE>

                        INTEREST DISTRIBUTION- STATEMENT

<TABLE>
<CAPTION>
                                        Beginning                   Payment                 Non-
                          Current     Certificate/      Current    of Unpaid   Current   Supported
        Original Face   Certificate     Notional        Accrued     Interest   Interest   Interest  Realized
Class       Amount          Rate         Balance       Interest    Shortfall  Shortfall  Shortfall  Loss (4)
-----   --------------  -----------  --------------  ------------  ---------  ---------  ---------  --------
<S>     <C>             <C>          <C>             <C>           <C>        <C>        <C>        <C>
 1-A1   133,459,000.00    4.06000%   133,459,000.00    316,075.40     0.00       0.00       0.00      0.00
 1-A2    14,829,000.00    4.21000%    14,829,000.00     36,417.55     0.00       0.00       0.00      0.00
 1-AR            50.00    4.60873%            50.00          0.19     0.00       0.00       0.00      0.00
 1-XA             0.00    1.75623%             0.00    217,022.72     0.00       0.00       0.00      0.00
 2-A1   160,096,000.00    4.09854%   160,096,000.00    546,799.76     0.00       0.00       0.00      0.00
 2-A2    10,268,000.00    4.09854%    10,268,000.00     35,069.83     0.00       0.00       0.00      0.00
 2-AR            50.00    4.09854%            50.00          0.17     0.00       0.00       0.00      0.00
 1-B1     2,093,000.00    4.29000%     2,093,000.00      5,237.73     0.00       0.00       0.00      0.00
 1-B2     1,395,000.00    4.47000%     1,395,000.00      3,637.46     0.00       0.00       0.00      0.00
 1-B3     1,706,000.00    4.60873%     1,706,000.00      6,552.07     0.00       0.00       0.00      0.00
 1-XB             0.00    1.55333%             0.00      4,520.84     0.00       0.00       0.00      0.00
 1-B4       697,000.00    4.60873%       697,000.00      2,676.90     0.00       0.00       0.00      0.00
 1-B5       543,000.00    4.60873%       543,000.00      2,085.45     0.00       0.00       0.00      0.00
 1-B6       310,325.03    4.60873%       310,325.03      1,191.84     0.00       0.00       0.00      0.00
 2-B1     1,740,000.00    4.09854%     1,740,000.00      5,942.88     0.00       0.00       0.00      0.00
 2-B2       696,000.00    4.09854%       696,000.00      2,377.15     0.00       0.00       0.00      0.00
 2-B3       348,000.00    4.09854%       348,000.00      1,188.58     0.00       0.00       0.00      0.00
 2-B4       348,000.00    4.09854%       348,000.00      1,188.58     0.00       0.00       0.00      0.00
 2-B5       348,000.00    4.09854%       348,000.00      1,188.58     0.00       0.00       0.00      0.00
 2-B6       174,416.03    4.09854%       174,416.03        595.71     0.00       0.00       0.00      0.00
                                                     ------------     ----       ----       ----      ----
Totals                                               1,189,769.39     0.00       0.00       0.00      0.00
                                                     ============     ====       ====       ====      ====

<CAPTION>
                        Remaining      Ending
                          Unpaid    Certificate/
        Total Interest   Interest    Notational
Class    Distribution   Shortfall      Balance
-----   --------------  ---------  --------------
<S>     <C>             <C>        <C>
 1-A1      316,075.40      0.00    132,068,872.05
 1-A2       36,417.55      0.00     14,674,539.02
 1-AR            0.38      0.00              0.00
 1-XA      217,022.72      0.00    146,743,411.07
 2-A1      546,799.76      0.00    154,948,401.63
 2-A2       35,069.83      0.00      9,937,850.96
 2-AR            0.18      0.00              0.00
 1-B1        5,237.73      0.00      2,093,000.00
 1-B2        3,637.46      0.00      1,395,000.00
 1-B3        6,552.07      0.00      1,706,000.00
 1-XB        4,520.84      0.00              0.00
 1-B4        2,676.90      0.00        697,000.00
 1-B5        2,085.45      0.00        543,000.00
 1-B6        1,191.84      0.00        310,325.03
 2-B1        5,942.88      0.00      1,740,000.00
 2-B2        2,377.15      0.00        696,000.00
 2-B3        1,188.58      0.00        348,000.00
 2-B4        1,188.58      0.00        348,000.00
 2-B5        1,188.58      0.00        348,000.00
 2-B6          595.71      0.00        174,416.03
         ------------      ----
Totals   1,189,769.59      0.00
         ============      ====
</TABLE>

(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.

<PAGE>

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                                Payment of
                               Current         Beginning                          Unpaid       Current
             Original Face   Certificate     Certificate/     Current Accrued    Interest     Interest
Class (5)        Amount          Rate      Notional Balance       Interest       Shortfall    Shortfall
---------   --------------   -----------   ----------------   ---------------   ----------   ----------
<S>         <C>              <C>           <C>                <C>               <C>          <C>
1-A1        133,459,000.00     4.06000%     133,459,000.00     1000.00000000    2.36833335   0.00000000
1-A2         14,829,000.00     4.21000%      14,829,000.00     1000.00000000    2.45583316   0.00000000
1-AR                 50.00     4.60873%              50.00     1000.00000000    3.80000000   0.00000000
1-XA                  0.00     1.75623%               0.00     1000.00000000    1.46352180   0.00000000
2-A1        160,096,000.00     4.09854%     160,096,000.00     1000.00000000    3.41544923   0.00000000
2-A2         10,268,000.00     4.09854%      10,268,000.00     1000.00000000    3.41544897   0.00000000
2-AR                 50.00     4.09854%              50.00     1000.00000000    3.40000000   0.00000000
1-B1          2,093,000.00     4.29000%       2,093,000.00     1000.00000000    2.50249881   0.00000000
1-B2          1,395,000.00     4.47000%       1,395,000.00     1000.00000000    2.60749821   0.00000000
1-B3          1,706,000.00     4.60873%       1,706,000.00     1000.00000000    3.84060375   0.00000000
1-XB                  0.00     1.55333%               0.00     1000.00000000    1.29611239   0.00000000
1-B4            697,000.00     4.60873%         697,000.00     1000.00000000    3.84060258   0.00000000
1-B5            543,000.00     4.60873%         543,000.00     1000.00000000    3.84060773   0.00000000
1-B6            310,325.03     4.60873%         310,325.03     1000.00000000    3.84061833   0.00000000
2-B1          1,740,000.00     4.09854%       1,740,000.00     1000.00000000    3.41544828   0.00000000
2-B2            696,000.00     4.09854%         696,000.00     1000.00000000    3.41544540   0.00000000
2-B3            348,000.00     4.09854%         348,000.00     1000.00000000    3.41545977   0.00000000
2-B4            348,000.00     4.09854%         348,000.00     1000.00000000    3.41545977   0.00000000
2-B5            348,000.00     4.09854%         348,000.00     1000.00000000    3.41545977   0.00000000
2-B6            174,416.03     4.09854%         174,416.03     1000.00000000    3.41545442   0.00000000

<CAPTION>
                Non-                                    Remaining
             Supported                                   Unpaid
              Interest     Realized   Total Interest    Interest    Ending Certificate/
Class (5)    Shortfall    Loss (6)     Distribution     Shortfall    Notational Balance
---------   ----------   ----------   --------------   ----------   --------------------
<S>         <C>          <C>          <C>              <C>          <C>
1-A1        0.00000000   0.00000000     2.36833335     0.00000000        989.58385759
1-A2        0.00000000   0.00000000     2.45583316     0.00000000        989.58385731
1-AR        0.00000000   0.00000000     7.60000000     0.00000000          0.00000000
1-XA        0.00000000   0.00000000     1.46352180     0.00000000        989.58385756
2-A1        0.00000000   0.00000000     3.41544923     0.00000000        967.84680211
2-A2        0.00000000   0.00000000     3.41544897     0.00000000        967.84680171
2-AR        0.00000000   0.00000000     3.60000000     0.00000000          0.00000000
1-B1        0.00000000   0.00000000     2.50249881     0.00000000       1000.00000000
1-B2        0.00000000   0.00000000     2.60749821     0.00000000       1000.00000000
1-B3        0.00000000   0.00000000     3.84060375     0.00000000       1000.00000000
1-XB        0.00000000   0.00000000     1.29611239     0.00000000       1000.00000000
1-B4        0.00000000   0.00000000     3.84060258     0.00000000       1000.00000000
1-B5        0.00000000   0.00000000     3.84060773     0.00000000       1000.00000000
1-B6        0.00000000   0.00000000     3.84061833     0.00000000       1000.00000000
2-B1        0.00000000   0.00000000     3.41544828     0.00000000       1000.00000000
2-B2        0.00000000   0.00000000     3.41544540     0.00000000       1000.00000000
2-B3        0.00000000   0.00000000     3.41545977     0.00000000       1000.00000000
2-B4        0.00000000   0.00000000     3.41545977     0.00000000       1000.00000000
2-B5        0.00000000   0.00000000     3.41545977     0.00000000       1000.00000000
2-B6        0.00000000   0.00000000     3.41545442     0.00000000       1000.00000000
</TABLE>

(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.

<PAGE>

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

<TABLE>
<S>                                                            <C>
Beginning Balance                                                      0.00

Deposits
   Payments of Interest and Principal                          8,295,132.49
   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                                                 8,295,132.49

Withdrawals

   Reimbursement for Servicer Advances                                 0.00
   Payment of Service Fee                                         82,926.56
   Payment of Interest and Principal                           8,212,205.93
                                                               ------------
Total Withdrawals (Pool Distribution Amount)                   8,295,132.49

Ending Balance                                                         0.00
                                                               ============
</TABLE>

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<TABLE>
<S>                                                       <C>
Total Prepayment/Curtailment Interest Shortfall           0.00
Servicing Fee Support                                     0.00
                                                          ----
Non-Supported Prepayment Curtailment Interest Shortfall   0.00
                                                          ====
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                   <C>
Gross Servicing Fee                                   82,926.56
Master Servicing Fee                                       0.00
Supported Prepayment/Curtailment Interest Shortfall        0.00
                                                      ---------
Net Servicing Fee                                     82,926.56
                                                      =========
</TABLE>

<PAGE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
Account Type   Beginning Balance   Current Withdrawals   Current Deposits   Ending Balance
------------   -----------------   -------------------   ----------------   --------------
<S>            <C>                 <C>                   <C>                <C>
Reserve Fund        5,000.00               0.00                0.00            5,000.00
Reserve Fund        5,000.00               0.00                0.00            5,000.00
</TABLE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
           DELINQUENT                      BANKRUPTCY                    FORECLOSURE
-------------------------------  -----------------------------  ----------------------------
           No. of    Principal               No. of  Principal             No. of  Principal
            Loans     Balance                 Loans   Balance               Loans   Balance
           ------  ------------              ------  ---------             ------  ---------
<S>        <C>     <C>           <C>         <C>     <C>        <C>        <C>     <C>
0-29 Days      0           0.00   0-29 Days      0      0.00    0-29 Days      0      0.00
30 Days        5   4,693,895.42   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
             ---   ------------                ---      ----                 ---      ----
               5   4,693,895.42                  0      0.00                   0      0.00

<CAPTION>
             REO                           TOTAL
----------------------------  -------------------------------
           No. of  Principal             No. of    Principal
            Loans   Balance               Loans     Balance
           ------  ---------             ------  ------------
<S>        <C>     <C>        <C>        <C>     <C>
0-29 Days      0      0.00    0-29 Days      0           0.00
30 Days        0      0.00    30 Days        5   4,693,895.42
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                   5   4,693,895.42

</TABLE>

<TABLE>
<CAPTION>
          DELINQUENT                         BANKRUPTCY                       FORECLOSURE
------------------------------    --------------------------------   -------------------------------
            No. of    Principal                No. of    Principal                No. of   Principal
             Loans     Balance                  Loans     Balance                 Loans     Balance
           --------   ---------               --------   ---------              ---------  ---------
<S>        <C>        <C>         <C>         <C>        <C>         <C>        <C>        <C>
0-29 Days  0.000000%  0.000000%   0-29 Days   0.000000%  0.000000%   0-29 Days  0.000000%  0.000000%
30 Days    0.948767%  1.456852%   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%
           --------   ---------               --------   --------               --------   --------
           0.948767%  1.456852%               0.000000%  0.000000%              0.000000%  0.000000%

<CAPTION>
              REO                            TOTAL
------------------------------  ------------------------------
            No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    0.000000% 0.000000%  30 Days    0.948767% 1.456852%
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%             0.948767% 1.456852%
</TABLE>

Current Period Class A Insufficient Funds: 0.00

Principal Balance of Contaminated Properties 0.00

Periodic Advance 0.00


<PAGE>

                           DELINQUENCY STATUS BY GROUP

<TABLE>
<CAPTION>
           DELINQUENT                     BANKRUPTCY                    FORECLOSURE
-------------------------------  ----------------------------  ----------------------------
GROUP ONE
           No. of    Principal              No. of  Principal             No. of  Principal
            Loans     Balance                Loans   Balance               Loans   Balance
           ------  ------------             ------  ---------             ------  ---------
<S>        <C>     <C>           <C>        <C>     <C>        <C>        <C>     <C>
0-29 Days      0           0.00  0-29 Days      0      0.00    0-29 Days      0     0.00
30 Days        5   4,693,895.42  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
             ---   ------------               ---     -----                 ---     ----
               5   4,693,895.42                 0      0.00                   0     0.00

<CAPTION>
             REO                           TOTAL
----------------------------  -------------------------------

           No. of  Principal             No. of    Principal
            Loans    Balance              Loans     Balance
           ------  ---------             ------  ------------
<S>        <C>     <C>        <C>        <C>     <C>
0-29 Days      0      0.00    0-29 Days      0           0.00
30 Days        0      0.00    30 Days        5   4,693,895.42
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                   5   4,693,895.42
</TABLE>

<TABLE>
<CAPTION>
           DELINQUENT                      BANKRUPTCY                      FORECLOSURE
-------------------------------  ------------------------------  ------------------------------
            No. of   Principal               No. of   Principal              No. of   Principal
             Loans     Balance                Loans    Balance                Loans    Balance
           --------  ----------             --------  ---------             --------  ---------
<S>        <C>       <C>         <C>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000%  0.000000%  0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    1.886792%  3.056656%  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%
           --------   --------              --------  --------              --------  --------
           1.886792%  3.056656%             0.000000% 0.000000%             0.000000% 0.000000%

<CAPTION>
              REO                            TOTAL
------------------------------  ------------------------------
            No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    0.000000% 0.000000%  30 Days    1.886792% 3.056656%
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%             1.886792% 3.056656%
</TABLE>

<TABLE>
<CAPTION>
          DELINQUENT                      BANKRUPTCY                      FORECLOSURE
------------------------------  ------------------------------  ------------------------------
GROUP TWO                                  1.183654%
            No. of   Principal              No. of   Principal              No. of   Principal
             Loans     Balance               Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>        <C>        <C>       <C>
0-29 Days       0       0.00    0-29 Days       0       0.00    0-29 Days       0       0.00
30 Days         0       0.00    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
              ---       ----                  ---       ----                  ---       ----
                0       0.00                    0       0.00                    0       0.00

<CAPTION>
              REO                            TOTAL
------------------------------  ------------------------------

            No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>
0-29 Days       0       0.00    0-29 Days       0       0.00
30 Days         0       0.00    30 Days         0       0.00
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                    0       0.00
</TABLE>

<TABLE>
<CAPTION>
           DELINQUENT                     BANKRUPTCY                      FORECLOSURE
------------------------------  ------------------------------  ------------------------------
            No. of   Principal              No. of   Principal              No. of   Principal
             Loans     Balance               Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    0.000000% 0.000000%  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%
           --------  --------              --------  --------              --------  --------
           0.000000% 0.000000%             0.000000% 0.000000%             0.000000% 0.000000%

<CAPTION>
              REO                            TOTAL
------------------------------  ------------------------------
            No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    0.000000% 0.000000%  30 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%
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%             0.000000% 0.000000%
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                        Fixed & Mixed Arm
----------------------                                        -----------------
<S>                                                           <C>
Weighted Average Gross Coupon                                          4.642525%
Weighted Average Net Coupon                                            4.340104%
Weighted Average Pass-Through Rate                                     4.338914%
Weighted Average Maturity (Stepdown Calculation)                            313

Beginning Scheduled Collateral Loan Count                                   541
Number of Loans Paid in Full                                                 14
Ending Scheduled Collateral Loan Count                                      527

Beginning Scheduled Collateral Balance                           329,050,841.06
Ending Scheduled Collateral Balance                              322,028,405.03
Ending Actual Collateral Balance at 30-Sept-2005                 322,194,411.57

Monthly P&I Constant                                               1,381,514.79
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Scheduled Principal                                                  108,492.59
Unscheduled Principal                                              6,913,943.75
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
             GROUP                   GROUP ONE        GROUP TWO          TOTAL
-------------------------------   --------------   --------------   --------------
<S>                               <C>              <C>              <C>
Collateral Description                 Mixed ARM        Mixed ARM        Mixed ARM
Weighted Average Coupon Rate            4.969989         4.350788         4.642525
Weighted Average Net Rate               4.608727         4.100788         4.340104
Pass-Through Rate                       4.608727         4.098539         4.338914
Weighted Average Maturity                    286              338              313
Record Date                           09/30/2005       09/30/2005       09/30/2005
Principal and Interest Constant       643,797.36       737,717.43     1,381,514.79
Beginning Loan Count                         270              271              541
Loans Paid in Full                             5                9               14
Ending Loan Count                            265              262              527
Beginning Scheduled Balance       155,032,375.27   174,018,466.10   329,050,841.37
Ending Scheduled Balance          153,487,736.34   168,540,668.69   322,028,405.03
Scheduled Principal                     1,706.37       106,786.22       108,492.59
Unscheduled Principal               1,542,932.56     5,371,011.19     6,913,943.75
Scheduled Interest                    642,090.99       630,931.21     1,273,022.20
Servicing Fee                          46,672.71        36,253.85        82,926.56
Master Servicing Fee                        0.00             0.00             0.00
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           326.16           326.16
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                          595,418.28       594,351.20     1,189,769.48
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
</TABLE>

<PAGE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                  <C>
Group One
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
Pro Rata Senior Percentage                                            95.649731%
Pro Rata Subordinate Percentage                                        4.350269%

Group Two
Senior Percent                                                       100.000000%
Senior Prepayment Percent                                            100.000000%
Subordinate Percent                                                    0.000000%
Subordinate Prepayment Percent                                         0.000000%
Pro Rata Senior Percentage                                            97.899984%
Pro Rata Subordinate Percentage                                        2.100016%
</TABLE>