Document:

<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 2005-3
                          RECORD DATE: OCTOBER 31, 2005
                      DISTRIBUTION DATE: NOVEMBER 21, 2005

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                   Certificate   Certificate      Beginning                                                      Ending
                      Class     Pass-Through     Certificate     Interest        Principal       Current       Certificate
Class     CUSIP    Description      Rate           Balance     Distribution     Distribution  Realized Loss      Balance
------  ---------  -----------  -------------  --------------  -------------   -------------  -------------   -------------
<S>     <C>        <C>          <C>            <C>             <C>             <C>            <C>            <C>
A-R     81744FHN0      SEN           4.84344%            0.00           0.00            0.00           0.00            0.00
A-1     81744FHK6      SEN           4.20000%  283,932,768.40     990,968.19   15,885,349.32           0.00  268,047,419.08
B-1     81744FHP5      SUB           4.37000%    6,208,000.00      22,537.50            0.00           0.00    6,208,000.00
B-2     81744FHQ3      SUB           4.64000%    3,287,000.00      12,670.40            0.00           0.00    3,287,000.00
B-3     81744FHR1      SUB           4.97537%    2,374,000.00       9,812.48            0.00           0.00    2,374,000.00
B-4     81744FHS9      SUB           4.97537%    1,095,000.00       4,525.98            0.00           0.00    1,095,000.00
B-5     81744FHT7      SUB           4.97537%      731,000.00       3,021.45            0.00           0.00      731,000.00
B-6     81744FHU4      SUB           4.97537%    1,826,168.26       7,548.12            0.00           0.00    1,826,168.26
X-A     81744FHL4       IO           0.77537%            0.00     182,893.63            0.00           0.00            0.00
X-B     81744FHM2       IO           0.51190%            0.00       4,037.90            0.00           0.00            0.00
                                               --------------  -------------   -------------  -------------  --------------
Totals                                         299,453,936.66   1,237,736.65   15,885,349.32           0.00  283,568,587.34
                                               --------------  -------------   -------------  -------------  --------------

<CAPTION>

             Total         Cumulative
Class     Distribution    Realized Loss
------    -------------   -------------
<S>       <C>             <C>
A-R                0.00            0.00
A-1       16,876,038.51            0.00
B-1           22,537.50            0.00
B-2           12,670.40            0.00
B-3            9,812.48            0.00
B-4            4,525.98            0.00
B-5            3,021.45            0.00
B-6            7,548.12            0.00
X-A          182,893.63            0.00
X-B            4,037.90            0.00
          -------------   -------------
Totals    17,123,085.97            0.00
          -------------   -------------
</TABLE>

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

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                          Beginning      Scheduled     Unscheduled
        Original Face    Certificate     Principal      Principal                Realized   Total Principal  Ending Certificate
Class      Amount          Balance      Distribution  Distribution    Accretion  Loss (1)      Reduction          Balance
------  --------------  --------------  ------------  -------------  ----------  ---------  ---------------  ------------------
<S>     <C>             <C>             <C>           <C>            <C>         <C>        <C>              <C>
A-R             100.00            0.00          0.00           0.00        0.00       0.00             0.00                0.00
A-1     349,687,000.00  283,932,768.40        133.93  15,885,215.39        0.00       0.00    15,885,349.32      268,047,419.08
B-1       6,208,000.00    6,208,000.00          0.00           0.00        0.00       0.00             0.00        6,208,000.00
B-2       3,287,000.00    3,287,000.00          0.00           0.00        0.00       0.00             0.00        3,287,000.00
B-3       2,374,000.00    2,374,000.00          0.00           0.00        0.00       0.00             0.00        2,374,000.00
B-4       1,095,000.00    1,095,000.00          0.00           0.00        0.00       0.00             0.00        1,095,000.00
B-5         731,000.00      731,000.00          0.00           0.00        0.00       0.00             0.00          731,000.00
B-6       1,826,168.26    1,826,168.26          0.00           0.00        0.00       0.00             0.00        1,826,168.26
X-A               0.00            0.00          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             0.00                0.00
         -------------  --------------  ------------  -------------  ----------  ---------    -------------      --------------
Totals  365,208,268.26  299,453,936.66        133.93  15,885,215.39        0.00       0.00    15,885,349.32      283,568,587.34
         -------------  --------------  ------------  -------------  ----------  ---------    -------------      --------------

<CAPTION>
        Ending Certificate   Total Principal
Class       Percentage        Distribution
------  ------------------   ---------------
<S>     <C>                  <C>
A-R             0.00000000              0.00
A-1             0.76653527     15,885,349.32
B-1             1.00000000              0.00
B-2             1.00000000              0.00
B-3             1.00000000              0.00
B-4             1.00000000              0.00
B-5             1.00000000              0.00
B-6             1.00000000              0.00
X-A             0.00000000              0.00
X-B             0.00000000              0.00
        ------------------   ---------------
totals          0.77645719     15,885,349.32
        ------------------   ---------------
</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     Total Principal
Class         Amount            Balance       Distribution     Distribution     Accretion      Loss (3)        Reduction
-----      --------------    --------------   ------------    --------------    ----------    ----------    ---------------
<S>        <C>               <C>              <C>             <C>               <C>           <C>           <C>
A-R                100.00        0.00000000     0.00000000        0.00000000    0.00000000    0.00000000         0.00000000
A-1        349,687,000.00      811.96260770     0.00038300       45.42695436    0.00000000    0.00000000        45.42733736
B-1          6,208,000.00     1000.00000000     0.00000000        0.00000000    0.00000000    0.00000000         0.00000000
B-2          3,287,000.00     1000.00000000     0.00000000        0.00000000    0.00000000    0.00000000         0.00000000
B-3          2,374,000.00     1000.00000000     0.00000000        0.00000000    0.00000000    0.00000000         0.00000000
B-4          1,095,000.00     1000.00000000     0.00000000        0.00000000    0.00000000    0.00000000         0.00000000
B-5            731,000.00     1000.00000000     0.00000000        0.00000000    0.00000000    0.00000000         0.00000000
B-6          1,826,168.26     1000.00000000     0.00000000        0.00000000    0.00000000    0.00000000         0.00000000
X-A                  0.00        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

<CAPTION>
                                  Ending
           Ending Certificate   Certificate     Total Principal
Class           Balance          Percentage      Distribution
-----      ------------------   -----------     ---------------
<S>        <C>                  <C>             <C>
A-R                0.00000000    0.00000000         0.00000000
A-1              766.55327034    0.76653527        45.42733736
B-1             1000.00000000    1.00000000         0.00000000
B-2             1000.00000000    1.00000000         0.00000000
B-3             1000.00000000    1.00000000         0.00000000
B-4             1000.00000000    1.00000000         0.00000000
B-5             1000.00000000    1.00000000         0.00000000
B-6             1000.00000000    1.00000000         0.00000000
X-A                0.00000000    0.00000000         0.00000000
X-B                0.00000000    0.00000000         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.

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                                    Beginning                        Payment of                      Non-
                                                  Certificate/         Current         Unpaid        Current       Supported
           Original Face         Current            Notional           Accrued        Interest       Interest      Interest
Class        Amount          Certificate Rate        Balance          Interest       Shortfall      Shortfall      Shortfall
-------    --------------    ----------------    --------------     ------------     ----------     ----------     ---------
<S>        <C>               <C>                 <C>                <C>              <C>            <C>            <C>
A-R                100.00            4.84344%              0.00             0.00           0.00           0.00          0.00
A-1        349,687,000.00            4.20000%    283,932,768.40       993,764.69           0.00           0.00      3,075.50
B-1          6,208,000.00            4.37000%      6,208,000.00        22,607.47           0.00           0.00         69.97
B-2          3,287,000.00            4.64000%      3,287,000.00        12,709.73           0.00           0.00         39.33
B-3          2,374,000.00            4.97537%      2,374,000.00         9,842.95           0.00           0.00         30.46
B-4          1,095,000.00            4.97537%      1,095,000.00         4,540.03           0.00           0.00         14.05
B-5            731,000.00            4.97537%        731,000.00         3,030.83           0.00           0.00          9.38
B-6          1,826,168.26            4.97537%      1,826,168.26         7,571.56           0.00           0.00         23.43
X-A                  0.00            0.77537%    283,932,768.40       183,461.40           0.00           0.00        567.78
X-B                  0.00            0.51190%      9,495,000.00         4,050.44           0.00           0.00         12.54
           --------------                                           ------------     ----------     ----------     ---------
 Totals    365,208,268.26                                           1,241,579.10           0.00           0.00      3,842.44
           --------------                                           ------------     ----------     ----------     ---------

<CAPTION>
                                           Remaining         Ending
                                             Unpaid       Certificate/
          Realized     Total Interest       Interest       Notational
Class     Loss (4)      Distribution       Shortfall         Balance
-------   --------     --------------      ---------     --------------
<S>       <C>          <C>                 <C>           <C>
A-R           0.00               0.00           0.00               0.00
A-1           0.00         990,689.19           0.00     268,047,419.08
B-1           0.00          22,537.50           0.00       6,208,000.00
B-2           0.00          12,670.40           0.00       3,287,000.00
B-3           0.00           9,812.48           0.00       2,374,000.00
B-4           0.00           4,525.98           0.00       1,095,000.00
B-5           0.00           3,021.45           0.00         731,000.00
B-6           0.00           7,548.12           0.00       1,826,168.26
X-A           0.00         182,893.63           0.00     268,047,419.08
X-B           0.00           4,037.90           0.00       9,495,000.00
          --------     --------------      ---------
 Totals       0.00       1,237,736.65           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                         Non-
                              Current            Beginning                                Unpaid          Current        Supported
Class      Original Face     Certificate        Certificate/        Current Accrued       Interest        Interest        Interest
 (5)           Amount           Rate          Notional Balance          Interest         Shortfall       Shortfall       Shortfall
-----     --------------     -----------      ----------------      ---------------      ----------      ----------      ----------
<S>       <C>                <C>              <C>                   <C>                  <C>             <C>             <C>
 A-R              100.00       4.84344%             0.00000000           0.00000000      0.00000000      0.00000000      0.00000000
 A-1      349,687,000.00       4.20000%           811.96260770           2.84186913      0.00000000      0.00000000      0.00879501
 B-1        6,208,000.00       4.37000%          1000.00000000           3.64166720      0.00000000      0.00000000      0.01127094
 B-2        3,287,000.00       4.64000%          1000.00000000           3.86666565      0.00000000      0.00000000      0.01196532
 B-3        2,374,000.00       4.97537%          1000.00000000           4.14614575      0.00000000      0.00000000      0.01283067
 B-4        1,095,000.00       4.97537%          1000.00000000           4.14614612      0.00000000      0.00000000      0.01283105
 B-5          731,000.00       4.97537%          1000.00000000           4.14514227      0.00000000      0.00000000      0.01283174
 B-6        1,826,168.26       4.97537%          1000.00000000           4.14614588      0.00000000      0.00000000      0.01283014
 X-A                0.00       0.77537%           811.96260770           0.52464461      0.00000000      0.00000000      0.00162368
 X-B                0.00       0.51190%          1000.00000000           0.42658662      0.00000000      0.00000000      0.00132070
          --------------       ---------         -------------           ----------      ----------      ----------      ----------

<CAPTION>
                                            Remaining
                                              Unpaid
Class      Realized      Total Interest      Interest       Ending Certificate/
 (5)       Loss (6)       Distribution      Shortfall       Notational Balance
-----     ----------     --------------     ----------      -------------------
<S>       <C>            <C>                <C>             <C>
 A-R      0.00000000         0.00000000     0.00000000               0.00000000
 A-1      0.00000000         2.83307412     0.00000000             766.53527034
 B-1      0.00000000         3.63039626     0.00000000            1000.00000000
 B-2      0.00000000         3.85470033     0.00000000            1000.00000000
 B-3      0.00000000         4.13331087     0.00000000            1000.00000000
 B-4      0.00000000         4.13331507     0.00000000            1000.00000000
 B-5      0.00000000         4.13331053     0.00000000            1000.00000000
 B-6      0.00000000         4.13331026     0.00000000            1000.00000000
 X-A      0.00000000         0.52302096     0.00000000             766.53527034
 X-B      0.00000000         0.42526593     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.

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

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

Deposits

         Payments of Interest and Principal                           17,221,192.17
         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                                                        17,221,192.17

Withdrawals
         Reimbursement for Servicer Advances                                   0.00
         Payment of Service Fee                                           98,106.20
         Payment of Interest and Principal                            17,123,085.97
                                                                      -------------
Total Withdrawals (Pool Distribution Amount)                          17,221,192.17

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

<PAGE>

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<TABLE>
<S>                                                                        <C>
Total Prepayment/Curtailment Interest Shortfall                            3,842.44
Servicing Fee Support                                                          0.00
                                                                           --------

Non-Supported Prepayment Curtailment Interest Shortfall                    3,842.44
                                                                           ========
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                                       <C>
Gross Servicing Fee                                                       93,988.71
Master Servicing Fee                                                       4,117.49
Supported Prepayment/Curtailment Interest Shortfall                            0.00
                                                                          ---------

Net Servicing Fee                                                         98,106.20
                                                                          =========
</TABLE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                            Beginning          Current         Current        Ending
    Account Type            Balance          Withdrawals       Deposits       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>

<PAGE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

                                   DELINQUENT

<TABLE>
<CAPTION>
                No. of      Principal
                 Loans       Balance
<S>             <C>        <C>
0-29 Days          0               0.00
30 Days           14       4,392,534.84
60 Days            0               0.00
90 Days            1         100,000.00
120 Days           1         280,700.00
150 Days           0               0.00
180+ Days          0               0.00
                  --       ------------
                  16       4,773,234.84
</TABLE>

<TABLE>
<CAPTION>
                No. of       Principal
                Loans         Balance
<S>            <C>          <C>
0-29 Days      0.000000%    0.000000%
30 Days        1.658768%    1.549015%
60 Days        0.000000%    0.000000%
90 Days        0.118483%    0.035265%
120 Days       0.118483%    0.098988%
150 Days       0.000000%    0.000000%
180+ Days      0.000000%    0.000000%
               --------     --------
               1.895735%    1.683267%

</TABLE>

                                   BANKRUPTCY

<TABLE>
<CAPTION>
             No. of    Principal
             Loans      Balance
<S>          <C>       <C>
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
</TABLE>

<TABLE>
<CAPTION>
                 No. of    Principal
                  Loans     Balance
<S>             <C>        <C>
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%
</TABLE>

                                   FORECLOSURE

<TABLE>
<CAPTION>
                  No. of   Principal
                  Loans     Balance
<S>               <C>      <C>
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
</TABLE>

<TABLE>
<CAPTION>
                 No. of    Principal
                  Loans     Balance
<S>             <C>        <C>
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%
</TABLE>

                                       REO

<TABLE>
<CAPTION>
                  No. of   Principal
                   Loans    Balance
<S>                <C>     <C>
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
</TABLE>

<TABLE>
<CAPTION>
                  No. of    Principal
                   Loans     Balance
<S>              <C>        <C>
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%
</TABLE>

                                      TOTAL

<TABLE>
<CAPTION>
                  No. of      Principal
                  Loans        Balance
<S>               <C>       <C>
0-29 Days            0              0.00
30 Days             14      4,392,534.84
60 Days              0              0.00
90 Days              1        100,000.00
120 Days             1        280,700.00
150 Days             0              0.00
180+ Days            0              0.00
                    --      ------------
                    16      4,773,234.84
</TABLE>

<TABLE>
<CAPTION>
                  No. of      Principal
                  Loans        Balance
<S>              <C>          <C>
0-29 Days        0.000000%     0.000000%
30 Days          1.658768%     1.549015%
60 Days          0.000000%     0.000000%
90 Days          0.118483%     0.035265%
120 Days         0.118483%     0.098988%
150 Days         0.000000%     0.000000%
180+ Days        0.000000%     0.000000%
                 --------     ---------
                 1.895735%     1.683267%
</TABLE>

<TABLE>
<S>                                                     <C>
Current Period Class A Insufficient Funds:              0.00
Principal Balance of Contaminated Properties            0.00
Periodic Advance                                        0.00
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                                            Mixed ARM
<S>                                                                             <C>
Weighted Average Gross Coupon                                                         5.368512%
Weighted Average Net Coupon                                                           4.991872%
Weighted Average Pass-Through Rate                                                    4.975372%
Weighted Average Maturity (Stepdown Calculation)                                           331

Beginning Scheduled Collateral Loan Count                                                  896
Number of Loans Paid in Full                                                                52
Ending Scheduled Collateral Loan Count                                                     844

Beginning Scheduled Collateral Balance                                          299,453,936.66
Ending Scheduled Collateral Balance                                             283,568,587.34
Ending Actual Collateral Balance at 31-Oct-2005                                 283,569,638.88

Monthly P&I Constant                                                              1,339,818.96
Special Servicing Fee                                                                     0.00
Prepayment Penalties                                                                      0.00
Realized Loss Amount                                                                      0.00
Cumulative Realized Loss                                                                  0.00

Scheduled Principal                                                                     133.93
Unscheduled Principal                                                            15,885,215.39
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                                   <C>
Senior Percentage                                                                      94.8168%
Senior Prepayment Percentage                                                          100.0000%
Subordinate Prepayment Percentage                                                     0.000000%
Subordinate Percentage                                                                  5.8132%
</TABLE><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: OCTOBER 31, 2005
                      DISTRIBUTION DATE: NOVEMBER 21, 2005

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                       Certificate    Certificate
                         Class        Pass-Through          Beginning           Interest        Principal
Class       CUSIP      Description        Rate         Certificate Balance    Distribution     Distribution
------    ---------    -----------    ------------    --------------------    ------------    -------------
<S>       <C>          <C>            <C>             <C>                     <C>             <C>
1-A1      81744FHV2       SEN           4.22000%         132,068,872.05         463,986.49     8,580,527.53
1-A2      81744FHW0       SEN           4.37000%          14,674,539.02          53,387.35       953,406.23
1-AR      81744FJF5       SEN           4.96308%                   0.00               0.00             0.00
1-XA      81744FJD0       SEN           0.31713%                   0.00          55,988.39             0.00
2-A1      81744FJG3       SEN           4.06349%         154,948,401.63         524,692.14     3,808,709.86
2-A2      81744FJH1       SEN           4.06349%           9,937,850.96          33,651.93       244,277.39
2-AR      81744FJJ7       SEN           4.10046%                   0.00               0.00             0.00
1-B1      81744FHX8       SUB           4.45000%           2,093,000.00           7,753.93             0.00
1-B2      81744FHY6       SUB           4.63000%           1,395,000.00           5,377.09             0.00
1-B3      81744FHZ3       SUB           0.02057%           1,706,000.00           6,665.76             0.00
1-XB      81744FJE8       SEN           4.69330%                   0.00             497.45             0.00
1-B4      81744FJA6       SUB           4.69330%             697,000.00           2,723.35             0.00
1-B5      81744FJB4       SUB           4.69330%             543,000.00           2,121.63             0.00
1-B6      81744FJC2       SUB           4.06349%             310,325.03           1,212.52             0.00
2-B1      81744FJK4       SUB           4.06349%           1,740,000.00           5,892.05             0.00
2-B2      81744FJL2       SUB           4.06349%             696,000.00           2,356.82             0.00
2-B3      81744FJM0       SUB           4.06349%             348,000.00           1,178.41             0.00
2-B4      81744FJN8       SUB           4.06349%             348,000.00           1,178.41             0.00
2-B5      81744FJP3       SUB           4.06349%             348,000.00           1,178.41             0.00
2-B6      81744FJQ1       SUB           4.06349%             174,416.03             590.58             0.00
                                                         --------------       ------------    -------------
Totals                                                   322,028,404.72       1,170,432.71    13,586,921.01
                                                         --------------       ------------    -------------

<CAPTION>

                Current              Ending               Total         Cumulative
Class        Realized Loss     Certificate Balance     Distribution    Realized Loss
------       -------------     -------------------     ------------    -------------
<S>          <C>              <C>                     <C>              <C>
1-A1             0.00            123,488,344.52        9,044,514.02        0.00
1-A2             0.00             13,721,132.79        1,006,793.58        0.00
1-AR             0.00                      0.00                0.00        0.00
1-XA             0.00                      0.00           55,988.39        0.00
2-A1             0.00            151,139,691.77        4,333,402.00        0.00
2-A2             0.00              9,693,573.57          277,929.32        0.00
2-AR             0.00                      0.00                0.00        0.00
1-B1             0.00              2,093,000.00            7,753.93        0.00
1-B2             0.00              1,395,000.00            5,377.09        0.00
1-B3             0.00              1,706,000.00            6,665.76        0.00
1-XB             0.00                      0.00              497.45        0.00
1-B4             0.00                697,000.00            2,723.35        0.00
1-B5             0.00                543,000.00            2,121.63        0.00
1-B6             0.00                310,325.03            1,212.52        0.00
2-B1             0.00              1,740,000.00            5,892.05        0.00
2-B2             0.00                696,000.00            2,356.82        0.00
2-B3             0.00                348,000.00            1,178.41        0.00
2-B4             0.00                348,000.00            1,178.41        0.00
2-B5             0.00                348,000.00            1,178.41        0.00
2-B6             0.00                174,416.03              590.58        0.00
                 ----            --------------       -------------        ----
Totals           0.00            308,441,483.71       14,747,353.72        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>
                               Beginning        Scheduled       Unscheduled
           Original Face      Certificate       Principal        Principal                   Realized
Class         Amount            Balance        Distribution     Distribution    Accretion    Loss (1)
------    --------------    --------------    -------------    -------------    ---------    --------
<S>       <C>               <C>               <C>              <C>              <C>          <C>
1-A1      133,459,000.00    132,068,872.05      86,994.27       8,493,533.26       0.00        0.00
1-A2       14,829,000.00     14,674,539.02       9,666.17         943,740.06       0.00        0.00
1-AR               50.00              0.00           0.00               0.00       0.00        0.00
1-XA                0.00              0.00           0.00               0.00       0.00        0.00
2-A1      160,096,000.00    154,948,401.63      96,979.10       3,711,730.76       0.00        0.00
2-A2       10,268,000.00      9,937,850.96       6,219.90         238,057.49       0.00        0.00
2-AR               50.00              0.00           0.00               0.00       0.00        0.00
1-B1        2,093,000.00      2,093,000.00           0.00               0.00       0.00        0.00
1-B2        1,395,000.00      1,395,000.00           0.00               0.00       0.00        0.00
1-B3        1,706,000.00      1,706,000.00           0.00               0.00       0.00        0.00
1-XB                0.00              0.00           0.00               0.00       0.00        0.00
1-B4          697,000.00        697,000.00           0.00               0.00       0.00        0.00
1-B5          543,000.00        543,000.00           0.00               0.00       0.00        0.00
1-B6          310,325.03        310,325.03           0.00               0.00       0.00        0.00
2-B1        1,740,000.00      1,740,000.00           0.00               0.00       0.00        0.00
2-B2          696,000.00        696,000.00           0.00               0.00       0.00        0.00
2-B3          348,000.00        348,000.00           0.00               0.00       0.00        0.00
2-B4          348,000.00        348,000.00           0.00               0.00       0.00        0.00
2-B5          348,000.00        348,000.00           0.00               0.00       0.00        0.00
2-B6          174,416.03        174,416.03           0.00               0.00       0.00        0.00
          --------------    --------------     ----------      -------------       ----        ----
Totals    329,050,841.06    322,028,404.72     199,859.44      13,387,061.57       0.00        0.00
          --------------    --------------     ----------      -------------       ----        ----

<CAPTION>

             Total Principal     Ending Certificate    Ending Certificate    Total Principal
Class          Reduction             Balance              Percentage          Distribution
------       ---------------    -------------------    ------------------    ---------------
<S>          <C>                <C>                    <C>                   <C>
1-A1           8,580,527.53       123,488,344.52            0.92529050        8,580,527.53
1-A2             953,406.23        13,721,132.79            0.92529050          953,406.23
1-AR                   0.00                 0.00            0.00000000                0.00
1-XA                   0.00                 0.00            0.00000000                0.00
2-A1           3,808,709.86       151,139,691.77            0.94405664        3,808,709.86
2-A2             244,277.39         9,693,573.57            0.94405664          244,277.39
2-AR                   0.00                 0.00            0.00000000                0.00
1-B1                   0.00         2,093,000.00            0.00000000                0.00
1-B2                   0.00         1,395,000.00            1.00000000                0.00
1-B3                   0.00         1,706,000.00            1.00000000                0.00
1-XB                   0.00                 0.00            1.00000000                0.00
1-B4                   0.00           697,000.00            0.00000000                0.00
1-B5                   0.00           543,000.00            1.00000000                0.00
1-B6                   0.00           310,325.03            1.00000000                0.00
2-B1                   0.00         1,740,000.00            1.00000000                0.00
2-B2                   0.00           696,000.00            1.00000000                0.00
2-B3                   0.00           348,000.00            1.00000000                0.00
2-B4                   0.00           348,000.00            1.00000000                0.00
2-B5                   0.00           348,000.00            1.00000000                0.00
2-B6                   0.00           174,416.03            1.00000000                0.00
              -------------       --------------            ----------       -------------
Totals        13,586,921.01       308,441,483.71            0.93736726       13,586,921.01
              -------------       --------------            ----------       -------------
</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     989.58385759     0.65184266     63.64151732     0.00000000    0.00000000
1-A2      14,829,000.00     989.58385731     0.65184234     63.54151730     0.00000000    0.00000000
1-AR              50.00       0.00000000     0.00000000      0.00000000     0.00000000    0.00000000
1-XA               0.00       0.00000000     0.00000000      0.00000000     0.00000000    0.00000000
2-A1     160,096,000.00     967.84680211     0.60575592     23.18440661     0.00000000    0.00000000
2-A2      10,268,000.00     967.84680171     0.60575575     23.18440690     0.00000000    0.00000000
2-AR              50.00       0.00000000     0.00000000      0.00000000     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>
                                                        Ending
             Total Principal    Ending Certificate    Certificate    Total Principal
Class          Reduction             Balance          Percentage      Distribution
-----        ---------------    ------------------    -----------    ---------------
<S>          <C>                <C>                   <C>            <C>
1-A1           64.29335998         925.29049761        0.92529050     64.29335998
1-A2           64.29335963         925.29049767        0.92529050     64.29335963
1-AR            0.00000000           0.00000000        0.00000000      0.00000000
1-XA            0.00000000           0.00000000        0.00000000      0.00000000
2-A1           23.79016253         944.05663958        0.94405664     23.79016253
2-A2           23.79016264         944.05663907        0.94405664     23.79016264
2-AR            0.00000000           0.00000000        0.00000000      0.00000000
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 of
                                                  Certificate/        Current        Unpaid       Current
           Original Face         Current           Notional           Accrued       Interest      Interest
Class         Amount         Certificate Rate      Balance            Interest      Shortfall    Shortfall
------    ---------------    ----------------    --------------    ------------    ----------    ---------
<S>       <C>                <C>                 <C>               <C>             <C>           <C>
 1-A1      133,459,000.00        4.22000%        132,068,872.05      464,442.20       0.00          0.00
 1-A2       14,829,000.00        4.37000%         14,674,539.02       53,439.78       0.00          0.00
 1-AR               50.00        4.96308%                  0.00            0.00       0.00          0.00
 1-XA                0.00        0.31713%        146,743,411.07       56,043.38       0.00          0.00
 2-A1      160,096,000.00        4.06349%        154,948,401.63      524,692.14       0.00          0.00
 2-A2       10,268,000.00        4.06349%          9,937,850.96       33,651.93       0.00          0.00
 2-AR               50.00        4.10046%                  0.00            0.00       0.00          0.00
 1-B1        2,093,000.00        4.45000%          2,093,000.00        7,761.54       0.00          0.00
 1-B2        1,395,000.00        4.63000%          1,395,000.00        5,382.38       0.00          0.00
 1-B3        1,706,000.00        4.69330%          1,706,000.00        6,672.30       0.00          0.00
 1-XB                0.00        0.02057%          3,488,000.00          497.93       0.00          0.00
 1-B4          697,000.00        4.69330%            697,000.00        2,726.02       0.00          0.00
 1-B5          543,000.00        4.69330%            543,000.00        2,123.72       0.00          0.00
 1-B6          310,325.03        4.69330%            310,325.03        1,213.71       0.00          0.00
 2-B1        1,740,000.00        4.06349%          1,740,000.00        5,892.05       0.00          0.00
 2-B2          696,000.00        4.06349%            696,000.00        2,356.82       0.00          0.00
 2-B3          348,000.00        4.06349%            348,000.00        1,178.41       0.00          0.00
 2-B4          348,000.00        4.06349%            348,000.00        1,178.41       0.00          0.00
 2-B5          348,000.00        4.06349%            348,000.00        1,178.41       0.00          0.00
 2-B6          174,416.03        4.06349%            174,416.03          590.61       0.00          0.03
                                                                   ------------       ----          ----
Totals                                                             1,171,021.74       0.00          0.03
                                                                   ------------       ----          ----

<CAPTION>
               Non-                                      Remaining       Ending
             Supported                                    Unpaid       Certificate/
             Interest     Realized     Total Interest     Interest      Notational
Class        Shortfall    Loss (4)      Distribution     Shortfall       Balance
------       ---------    --------    ---------------    ---------    --------------
<S>          <C>          <C>         <C>                <C>          <C>
 1-A1         455.71        0.00        463,986.49          0.00      123,488,344.52
 1-A2          52.43        0.00         53,387.35          0.00       13,721,132.79
 1-AR           0.00        0.00              0.00          0.00                0.00
 1-XA          54.99        0.00         55,988.39          0.00      137,209,477.31
 2-A1           0.00        0.00        524,692.14          0.00      151,139,691.77
 2-A2           0.00        0.00         33,651.93          0.00        9,693,573.57
 2-AR           0.00        0.00              0.00          0.00                0.00
 1-B1           7.62        0.00          7,753.93          0.00        2,093,000.00
 1-B2           5.28        0.00          5,377.09          0.00        1,395,000.00
 1-B3           6.55        0.00          6,665.76          0.00        1,706,000.00
 1-XB           0.49        0.00            497.45          0.00        3,488,000.00
 1-B4           2.67        0.00          2,723.35          0.00          697,000.00
 1-B5           2.08        0.00          2,121.63          0.00          543,000.00
 1-B6           1.19        0.00          1,212.52          0.00          310,325.03
 2-B1           0.00        0.00          5,892.05          0.00        1,740,000.00
 2-B2           0.00        0.00          2,356.82          0.00          696,000.00
 2-B3           0.00        0.00          1,178.41          0.00          348,000.00
 2-B4           0.00        0.00          1,178.41          0.00          348,000.00
 2-B5           0.00        0.00          1,178.41          0.00          348,000.00
 2-B6           0.00        0.00            590.58          0.00          174,416.03
              ------        ----      ------------          ----
Totals        589.01        0.00      1,170,432.71          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>
                               Current          Beginning
Class       Original Face     Certificate     Certificate/
 (5)            Amount           Rate        Notional Balance
-----      --------------     -----------    ----------------
<S>        <C>                <C>            <C>
1-A1       133,459,000.00      4.22000%        989.58385759
1-A2        14,829,000.00      4.37000%        989.58385731
1-AR                50.00      4.96308%          0.00000000
1-XA                 0.00      0.31713%        989.58385756
2-A1       160,096,000.00      4.06349%        967.84680211
2-A2        10,268,000.00      4.06349%        967.84680171
2-AR                50.00      4.10046%          0.00000000
1-B1         2,093,000.00      4.45000%       1000.00000000
1-B2         1,395,000.00      4.63000%       1000.00000000
1-B3         1,706,000.00      4.69330%       1000.00000000
1-XB                 0.00      0.02057%       1000.00000000
1-B4           697,000.00      4.69330%       1000.00000000
1-B5           543,000.00      4.69330%       1000.00000000
1-B6           310,325.03      4.69330%       1000.00000000
2-B1         1,740,000.00      4.06349%       1000.00000000
2-B2           696,000.00      4.06349%       1000.00000000
2-B3           348,000.00      4.06349%       1000.00000000
2-B4           348,000.00      4.06349%       1000.00000000
2-B5           348,000.00      4.06349%       1000.00000000
2-B6           174,416.03      4.06349%       1000.00000000

<CAPTION>
                              Payment of                      Non-
                                Unpaid        Current      Supported
Class      Current Accrued     Interest      Interest       Interest       Realized
 (5)           Interest        Shortfall     Shortfall      Shortfall      Loss (6)
-----      ---------------    ----------     ----------    ----------     ----------
<S>        <C>                <C>            <C>           <C>            <C>
1-A1         3.48003657       0.00000000     0.00000000    0.00341461     0.00000000
1-A2         3.60373457       0.00000000     0.00000000    0.00353564     0.00000000
1-AR         0.00000000       0.00000000     0.00000000    0.00000000     0.00000000
1-XA         0.37793604       0.00000000     0.00000000    0.00037083     0.00000000
2-A1         3.27735946       0.00000000     0.00000000    0.00000000     0.00000000
2-A2         3.27735976       0.00000000     0.00000000    0.00000000     0.00000000
2-AR         0.00000000       0.00000000     0.00000000    0.00000000     0.00000000
1-B1         3.70833254       0.00000000     0.00000000    0.00364071     0.00000000
1-B2         3.85833692       0.00000000     0.00000000    0.00378495     0.00000000
1-B3         3.91107855       0.00000000     0.00000000    0.00383939     0.00000000
1-XB         0.14275516       0.00000000     0.00000000    0.00014048     0.00000000
1-B4         3.91107604       0.00000000     0.00000000    0.00383070     0.00000000
1-B5         3.91108656       0.00000000     0.00000000    0.00383057     0.00000000
1-B6         3.91109283       0.00000000     0.00000000    0.00383469     0.00000000
2-B1         3.38623563       0.00000000     0.00000000    0.00000000     0.00000000
2-B2         3.38623563       0.00000000     0.00000000    0.00000000     0.00000000
2-B3         3.38623563       0.00000000     0.00000000    0.00000000     0.00000000
2-B4         3.38623563       0.00000000     0.00000000    0.00000000     0.00000000
2-B5         3.38623563       0.00000000     0.00000000    0.00000000     0.00000000
2-B6         3.38621399       0.00000000     0.00017200    0.00000000     0.00000000

<CAPTION>
                              Remaining
                               Unpaid
Class      Total Interest     Interest       Ending Certificate/
 (5)        Distribution      Shortfall      Notational Balance
-----      --------------     ----------     ------------------
<S>        <C>                <C>            <C>
1-A1         3.47662196       0.00000000      925.29049761
1-A2         3.60019893       0.00000000      925.29049767
1-AR         0.00000000       0.00000000        0.00000000
1-XA         0.37756521       0.00000000      925.29049761
2-A1         3.27735946       0.00000000      944.05663958
2-A2         3.27735976       0.00000000      944.05663907
2-AR         0.00000000       0.00000000        0.00000000
1-B1         3.70469661       0.00000000     1000.00000000
1-B2         3.85454480       0.00000000     1000.00000000
1-B3         3.90724502       0.00000000     1000.00000000
1-XB         0.14261755       0.00000000     1000.00000000
1-B4         3.90724534       0.00000000     1000.00000000
1-B5         3.90723757       0.00000000     1000.00000000
1-B6         3.90725814       0.00000000     1000.00000000
2-B1         3.38623563       0.00000000     1000.00000000
2-B2         3.38623563       0.00000000     1000.00000000
2-B3         3.38623653       0.00000000     1000.00000000
2-B4         3.38623563       0.00000000     1000.00000000
2-B5         3.38623563       0.00000000     1000.00000000
2-B6         3.38604198       0.00017200     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                          14,843,383.48
         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                                                       14,843,383.48

Withdrawals
         Reimbursement for Servicer Advances                                  0.00
         Payment of Service Fee                                          86,029.76
         Payment of Interest and Principal                           14,757,353.72
                                                                     -------------
Total Withdrawals (Pool Distribution Amount)                         14,843,383.48

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             589.01
                                                                    ======
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                              <C>
Gross Servicing Fee                                              81,333.52
Master Servicing Fee                                              4,696.24
Supported Prepayment/Curtailment Interest Shortfall                   0.00
                                                                 ---------

Net Servicing Fee                                                86,029.76
                                                                 =========
</TABLE>

<PAGE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                             Beginning     Current      Current     Ending
       Account Type           Balance    Withdrawals   Deposits    Balance
--------------------------   ---------   -----------   --------   --------
<S>                          <C>         <C>           <C>        <C>
Reserve Fund                 5,000.00        0.00        0.00     5,000.00
Reserve Fund                 5,000.00      105.83       59.74     4,953.91
</TABLE>

                        LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

                                   DELINQUENT

<TABLE>
<CAPTION>
             No. of         Principal
              Loans          Balance
<S>          <C>         <C>
0-29 Days       0                0.00
30 Days         4        1,954,067.08
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
              ---        ------------
                4        1,954,067.08
</TABLE>

<TABLE>
<CAPTION>
               No. of       Principal
               Loans         Balance
<S>          <C>            <C>
0-29 Days    0.000000%      0.000000%
30 Days      0.776699%      0.633194%
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%
             --------       --------
             0.776699%      0.633194%
</TABLE>

                                   BANKRUPTCY

<TABLE>
<CAPTION>
              No. of    Principal
              Loans      Balance
<S>           <C>       <C>
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
</TABLE>

<TABLE>
<CAPTION>
              No. of     Principal
              Loans       Balance
<S>          <C>         <C>
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%
</TABLE>

                                   FORECLOSURE

<TABLE>
<CAPTION>
              No. of      Principal
              Loans        Balance
<S>           <C>       <C>
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
</TABLE>

<TABLE>
<CAPTION>
              No. of     Principal
              Loans       Balance
<S>         <C>          <C>
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%
</TABLE>

                                       REO

<TABLE>
<CAPTION>
              No. of    Principal
               Loans     Balance
<S>           <C>       <C>
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
</TABLE>

<TABLE>
<CAPTION>
               No. of     Principal
               Loans       Balance
<S>           <C>         <C>
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%
</TABLE>

                                      TOTAL

<TABLE>
<CAPTION>
              No. of      Principal
              Loans        Balance
<S>           <C>      <C>
0-29 Days      0               0.00
30 Days        4       1,954,067.08
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
             ---      -------------
               4       1,954,067.08
</TABLE>

<TABLE>
<CAPTION>
             No. of      Principal
             Loans        Balance
<S>         <C>         <C>
0-29 Days   0.000000%   0.000000%
30 Days     0.776699%   0.633194%
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%
            --------    --------
            0.776699%   0.633194%
</TABLE>

<TABLE>
<S>                                             <C>
Current Period Class A Insufficient Funds:      0.00
Principal Balance of Contaminated Properties    0.00
Periodic Advance                                0.00
</TABLE>

<PAGE>

                           DELINQUENCY STATUS BY GROUP

                                   DELINQUENT

GROUP  ONE

<TABLE>
<CAPTION>
               No. of     Principal
               Loans       Balance
<S>            <C>       <C>
0-29 Days        0               0.00
30 Days          4       1,954,067.08
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
               ---       ------------
                 4       1,954,067.08
</TABLE>

<TABLE>
<CAPTION>
                 No. of     Principal
                 Loans       Balance
<S>            <C>          <C>
0-29 Days      0.000000%    0.000000%
30 Days        1.550388%    1.356729%
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%
               --------     --------
               1.550388%    1.356729%
</TABLE>

                                   BANKRUPTCY

<TABLE>
<CAPTION>
                No. of      Principal
                Loans        Balance
<S>             <C>         <C>
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
</TABLE>

<TABLE>
<CAPTION>
                No. of      Principal
                Loans        Balance
<S>           <C>           <C>
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%
</TABLE>

                                   FORECLOSURE

<TABLE>
<CAPTION>
                No. of      Principal
                Loans        Balance
<S>             <C>         <C>
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
</TABLE>

<TABLE>
<CAPTION>
              No. of        Principal
              Loans          Balance
<S>           <C>           <C>
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%
</TABLE>

                                       REO

<TABLE>
<CAPTION>
                No. of      Principal
                Loans        Balance
<S>             <C>         <C>
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
</TABLE>

<TABLE>
<CAPTION>
               No. of       Principal
               Loans         Balance
<S>           <C>           <C>
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%
</TABLE>

                                      TOTAL

<TABLE>
<CAPTION>
               No. of      Principal
               Loans        Balance
<S>            <C>        <C>
0-29 Days        0                0.00
30 Days          4        1,954,067.08
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
               ---        ------------
                 4        1,954,067.08
</TABLE>

<TABLE>
<CAPTION>
                No. of       Principal
                Loans         Balance
<S>           <C>            <C>
0-29 Days     0.000000%      0.000000%
30 Days       1.550388%      1.356729%
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%
              --------       --------
              1.550388%      1.356729%
</TABLE>

                                   DELINQUENT

GROUP TWO

<TABLE>
<CAPTION>
              No. of      Principal
              Loans        Balance
<S>           <C>         <C>
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
</TABLE>

<TABLE>
<CAPTION>
              No. of      Principal
               Loans       Balance
<S>          <C>          <C>
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%
             --------     --------
</TABLE>

                  BANKRUPTCY
                  1.183654%

<TABLE>
<CAPTION>
             No. of       Principal
             Loans         Balance
<S>          <C>          <C>
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
</TABLE>

<TABLE>
<CAPTION>
              No. of      Principal
              Loans        Balance
<S>          <C>          <C>
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%
</TABLE>

                                   FORECLOSURE

<TABLE>
<CAPTION>
             No. of       Principal
             Loans         Balance
<S>          <C>          <C>
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
</TABLE>

<TABLE>
<CAPTION>
               No. of     Principal
               Loans       Balance
<S>          <C>          <C>
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%
</TABLE>

                                       REO

<TABLE>
<CAPTION>
             No. of       Principal
             Loans         Balance
<S>          <C>          <C>
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
</TABLE>

<TABLE>
<CAPTION>
              No. of      Principal
               Loans       Balance
<S>          <C>          <C>
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%
</TABLE>

                                      TOTAL

<TABLE>
<CAPTION>
              No. of      Principal
              Loans        Balance
 <S>          <C>         <C>
 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
</TABLE>

<TABLE>
<CAPTION>
              No. of      Principal
              Loans        Balance
<S>          <C>          <C>
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%
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                               Fixed & Mixed Arm
<S>                                                  <C>
Weighted Average Gross Coupon                                4.703348%
Weighted Average Net Coupon                                  4.400269%
Weighted Average Pass-Through Rate                           4.381553%
Weighted Average Maturity (Stepdown Calculation)                  312

Beginning Scheduled Collateral Loan Count                         527
Number of Loans Paid in Full                                       12
Ending Scheduled Collateral Loan Count                            515

Beginning Scheduled Collateral Balance                 322,028,405.03
Ending Scheduled Collateral Balance                    308,441,484.02
Ending Actual Collateral Balance at 31-Oct-2005        308,604,990.65

Monthly P&I Constant                                     1,462,035.85
Special Servicing Fee                                            0.00
Prepayment Penalties                                             0.00
Realization Loss Amount                                          0.00
Cumulative Realized Loss                                         0.00

Scheduled Principal                                        199,859.44
Unscheduled Principal                                   13,387,061.57
</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             5.089838           4.351377           4.703348
Weighted Average Net Rate                4.728474           4.101377           4.400269
Pass-Through Rate                        4.710974           4.081554           4.381553
Weighted Average Maturity                     285                337                312
Record Date                            10/31/2005         10/31/2005         10/31/2005
Principal and Interest Constant        747,683.59         714,352.26       1,462,035.85
Beginning Loan Count                          265                262                527
Loans Paid in Full                              7                  5                 12
Ending Loan Count                             258                257                515
Beginning Scheduled Balance        153,487,736.34     168,540,668.69     322,028,405.03
Ending Scheduled Balance           143,953,802.58     164,487,681.44     308,441,484.02
Scheduled Principal                     96,660.44         103,199.00         199,859.44
Unscheduled Principal                9,437,273.32       3,949,788.25       1,262,176.41
Scheduled Interest                     651,023.15         611,153.26      13,387,061.57
Servicing Fee                           46,220.88          35,112.64          81,333.52
Master Servicing Fee                     2,238.36           2,457.88           4,696.24
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                           602,563.91         573,256.58       1,175,820.49
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             95.605952%
Pro Rata Subordinate Percentage         4.394048%

Group Two
Senior Percent                        100.000000%
Senior Prepayment Percent             100.000000%
Subordinate Percent                     0.000000%
Subordinate Prepayment Percent          0.000000%
Pro Rata Senior Percentage             97.831730%
Pro Rata Subordinate Percentage         2.168270%
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}]]