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 2004-12
                            RECORD DATE: MAY 31, 2005
                        DISTRIBUTION DATE: JUNE 20, 2005

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                              Certificate     Certificate        Beginning
                                 Class       Pass-Through       Certificate         Interest        Principal        Current
   Class          CUSIP       Description        Rate             Balance         Distribution     Distribution   Realized Loss
-----------  --------------  -------------  --------------   ------------------  ---------------  --------------  --------------
<S>          <C>             <C>            <C>              <C>                 <C>              <C>             <C>
    A-1         81744FFY8         SEN              3.36000%      352,053,175.47       985,748.89   11,128,243.30            0.00
    A-2         81744FFZ5         SEN              3.04000%      183,894,682.88       465,866.53    7,892,802.83            0.00
    A-3         81744FGZ9         SEN              3.07000%      187,683,109.37       480,155.95    9,819,933.96            0.00
   X-A1         81744FGC5          IO              0.84509%                0.00       377,437.16            0.00            0.00
   X-A2         81744FGD3          IO              0.82933%                0.00       129,709.76            0.00            0.00
    X-B         81744FGF8          IO              0.28979%                0.00         2,004.94            0.00            0.00
    B-1         81744FGG6         SUB              3.59000%        8,588,000.00        25,692.43            0.00            0.00
    B-2         81744FGH4         SUB              3.94000%        6,134,000.00        20,139.97            0.00            0.00
    B-3         81744FGJ0         SUB              4.34000%        3,680,000.00        14,006.31            0.00            0.00
    B-4         81744FGK7         SUB              4.09805%        2,453,000.00         8,377.10            0.00            0.00
    B-5         81744FGK7         SUB              4.09805%          920,000.00         3,141.84            0.00            0.00
    B-6         81744FGL5         SUB              4.09805%        2,762,778.00         9,435.01            0.00            0.00
    A-R         81744FGE1         RES              4.23342%                0.00             0.52            0.00            0.00
                                                                 --------------     ------------   -------------            ----
Totals                                                           748,168,745.72     2,521,716.41   28,840,980.09            0.00
                                                                 --------------     ------------   -------------            ----

<CAPTION>
                   Ending
                Certificate          Total          Cumulative
   Class          Balance         Distribution     Realized Loss
-----------  -----------------  ----------------  ---------------
<S>          <C>                <C>               <C>
    A-1         340,924,932.17     12,113,992.19             0.00
    A-2         176,001,880.05      8,358,669.36             0.00
    A-3         177,863,175.41     10,300,089.91             0.00
   X-A1                   0.00        377,437.16             0.00
   X-A2                   0.00        129,709.76             0.00
    X-B                   0.00          2,004.94             0.00
    B-1           8,588,000.00         25,692.43             0.00
    B-2           6,134,000.00         20,139.97             0.00
    B-3           3,680,000.00         14,006.31             0.00
    B-4           2,453,000.00          8,377.10             0.00
    B-5             920,000.00          3,141.84             0.00
    B-6           2,762,778.00          9,435.01             0.00
    A-R                   0.00              0.52             0.00
                --------------     -------------             ----
Totals          719,327,765.63     31,362,696.50             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                                 Total
             Original Face      Certificate       Principal        Principal                  Realized       Principal
   Class         Amount           Balance        Distribution    Distribution    Accretion    Loss (1)       Reduction
----------  ---------------  -----------------  --------------  ---------------  ----------  -----------  --------------
<S>         <C>              <C>                <C>             <C>              <C>         <C>          <C>
    A-1      380,510,000.00     352,053,175.47     1,847.69      11,126,395.61      0.00         0.00      11,128,243.30
    A-2      208,392,000.00     183,894,682.88       497.90       7,892,304.93      0.00         0.00       7,892,802.83
    A-3      218,330,615.00     187,683,109.37         0.00       9,819,933.96      0.00         0.00       9,819,933.96
   X-A1                0.00               0.00         0.00               0.00      0.00         0.00               0.00
   X-A2                0.00               0.00         0.00               0.00      0.00         0.00               0.00
    X-B                0.00               0.00         0.00               0.00      0.00         0.00               0.00
    B-1        8,588,000.00       8,588,000.00         0.00               0.00      0.00         0.00               0.00
    B-2        6,134,000.00       6,134,000.00         0.00               0.00      0.00         0.00               0.00
    B-3        3,680,000.00       3,680,000.00         0.00               0.00      0.00         0.00               0.00
    B-4        2,453,000.00       2,453,000.00         0.00               0.00      0.00         0.00               0.00
    B-5          920,000.00         920,000.00         0.00               0.00      0.00         0.00               0.00
    B-6        2,762,778.00       2,762,778.00         0.00               0.00      0.00         0.00               0.00
    A-R              100.00               0.00         0.00               0.00      0.00         0.00               0.00
             --------------     --------------     --------      -------------      ----         ----      -------------
Totals       831,770,493.00     748,168,745.72     2,345.59      28,878,634.50      0.00         0.00      28,840,980.09
             --------------     --------------     --------      -------------      ----         ----      -------------

<CAPTION>
                Ending          Ending
             Certificate     Certificate   Total Principal
   Class        Balance       Percentage    Distribution
----------  ---------------  -----------  ----------------
<S>         <C>              <C>          <C>
    A-1      340,924,932.17   0.89596839   11,128,243.30
    A-2      176,001,880.05   0.84457119    7,892,802.83
    A-3      177,863,175.41   0.81465064    9,819,933.96
   X-A1                0.00   0.00000000            0.00
   X-A2                0.00   0.00000000            0.00
    X-B                0.00   0.00000000            0.00
    B-1        8,588,000.00   1.00000000            0.00
    B-2        6,134,000.00   1.00000000            0.00
    B-3        3,680,000.00   1.00000000            0.00
    B-4        2,453,000.00   1.00000000            0.00
    B-5          920,000.00   1.00000000            0.00
    B-6        2,762,778.00   1.00000000            0.00
    A-R                0.00   0.00000000            0.00
            ---------------  -----------   -------------
Totals       719,327,765.63   0.86481520   28,840,980.09
            ---------------  -----------   -------------
</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.

                    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-1      380,510,000.00       925.21399036      0.00485583     29.24074429   0.00000000   0.00000000     29.24560012
    A-2      208,392,000.00       882.44598104      0.00238925     37.87239880   0.00000000   0.00000000     37.87478804
    A-3      218,330,615.00       859.62799752      0.00000000     44.97735675   0.00000000   0.00000000     44.97735675
   X-A1                0.00         0.00000000      0.00000000      0.00000000   0.00000000   0.00000000      0.00000000
   X-A2                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
    B-1        8,588,000.00      1000.00000000      0.00000000      0.00000000   0.00000000   0.00000000      0.00000000
    B-2        6,134,000.00      1000.00000000      0.00000000      0.00000000   0.00000000   0.00000000      0.00000000
    B-3        3,680,000.00      1000.00000000      0.00000000      0.00000000   0.00000000   0.00000000      0.00000000
    B-4        2,453,000.00      1000.00000000      0.00000000      0.00000000   0.00000000   0.00000000      0.00000000
    B-5          920,000.00      1000.00000000      0.00000000      0.00000000   0.00000000   0.00000000      0.00000000
    B-6        2,762,778.00      1000.00000000      0.00000000      0.00000000   0.00000000   0.00000000      0.00000000
    A-R              100.00         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-1       895.96839024   0.89596839     29.24560012
    A-2       844.57119299   0.84457119     37.87478804
    A-3       814.65064077   0.81465064     44.97735675
   X-A1         0.00000000   0.00000000      0.00000000
   X-A2         0.00000000   0.00000000      0.00000000
    X-B         0.00000000   0.00000000      0.00000000
    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
    A-R         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.

<PAGE>

                        INTEREST DISTRIBUTION- STATEMENT

<TABLE>
<CAPTION>
                                           Beginning                  Payment of
                             Current     Certificate/     Current       Unpaid     Current   Non-Supported
           Original Face   Certificate     Notional       Accrued      Interest   Interest     Interest
  Class        Amount         Rate         Balance        Interest    Shortfall   Shortfall    Shortfall
---------  --------------  -----------  --------------  ------------  ----------  ---------  -------------
<S>        <C>             <C>          <C>             <C>           <C>         <C>        <C>
   A-1     380,510,000.00      3.36000% 352,053,175.47    985,748.89       0.00        0.00       0.00
   A-2     208,392,000.00      3.04000% 183,894,682.88    465,866.53       0.00        0.00       0.00
   A-3     218,330,615.00      3.07000% 187,683,109.37    480,155.95       0.00        0.00       0.00
  X-A1               0.00      0.84509% 535,947,858.35    377,437.16       0.00        0.00       0.00
  X-A2               0.00      0.82933% 187,683,109.37    129,709.76       0.00        0.00       0.00
   X-B               0.00      0.28979%  18,402,000.00      4,443.88       0.00        0.00       0.00
   B-1       8,588,000.00      3.59000%   8,588,000.00     25,692.43       0.00        0.00       0.00
   B-2       6,134,000.00      3.94000%   6,134,000.00     20,139.97       0.00        0.00       0.00
   B-3       3,680,000.00      4.34000%   3,680,000.00     13,309.33       0.00        0.00       0.00
   B-4       2,453,000.00      4.09805%   2,453,000.00      8,377.10       0.00        0.00       0.00
   B-5         920,000.00      4.09805%     920,000.00      3,141.84       0.00        0.00       0.00
   B-6       2,762,778.00      4.09805%   2,762,778.00      9,435.01       0.00        0.00       0.00
   A-R             100.00      4.23342%           0.00          0.00       0.00        0.00       0.00
           --------------                               ------------       ----        ----       ----
 Totals    831,770,493.00                               2,523,457.85       0.00        0.00       0.00
           --------------                               ------------       ----        ----       ----

<CAPTION>
                                         Remaining       Ending
                                           Unpaid      Certificate/
            Realized    Total Interest    Interest     Notational
  Class     Loss (4)     Distribution    Shortfall       Balance
---------  -----------  --------------  -----------   --------------
<S>        <C>          <C>             <C>           <C>
   A-1            0.00     985,748.89          0.00   340,924,932.17
   A-2            0.00     465,866.53          0.00   176,001,880.05
   A-3            0.00     480,155.95          0.00   177,863,175.41
  X-A1            0.00     377,437.16          0.00   516,926,812.22
  X-A2            0.00     129,709.76          0.00   177,863,175.41
   X-B            0.00       2,004.94          0.00    18,402,000.00
   B-1            0.00      25,692.43          0.00     8,588,000.00
   B-2            0.00      20,139.97          0.00     6,134,000.00
   B-3            0.00      14,006.31          0.00     3,680,000.00
   B-4            0.00       8,377.10          0.00     2,453,000.00
   B-5            0.00       3,141.84          0.00       920,000.00
   B-6            0.00       9,435.01          0.00     2,762,778.00
   A-R            0.00           0.52          0.00             0.00
                  ----   ------------          ----
 Totals           0.00   2,521,716.41          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.

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                             Payment of
                              Current       Beginning                          Unpaid     Current    Non-Supported
            Original Face   Certificate    Certificate/    Current Accrued   Interest    Interest       Interest
Class (5)      Amount          Rate      Notional Balance      Interest      Shortfall   Shortfall     Shortfall
----------  --------------  -----------  ----------------  ---------------  -----------  ----------  -------------
<S>         <C>             <C>          <C>               <C>              <C>          <C>         <C>
   A-1      380,510,000.00    3.36000%      925.21399036      2.59059917     0.00000000  0.00000000    0.00000000
   A-2      208,392,000.00    3.04000%      882.44598104      2.23552982     0.00000000  0.00000000    0.00000000
   A-3      218,330,615.00    3.07000%      859.62799752      2.19921494     0.00000000  0.00000000    0.00000000
  X-A1                0.00    0.84509%      910.07987467      0.64091676     0.00000000  0.00000000    0.00000000
  X-A2                0.00    0.82933%      859.62799752      0.59409790     0.00000000  0.00000000    0.00000000
   X-B                0.00    0.28979%     1000.00000000      0.24148897     0.00000000  0.00000000    0.00000000
   B-1        8,588,000.00    3.59000%     1000.00000000      2.99166628     0.00000000  0.00000000    0.00000000
   B-2        6,134,000.00    3.94000%     1000.00000000      3.28333388     0.00000000  0.00000000    0.00000000
   B-3        3,680,000.00    4.34000%     1000.00000000      3.61666576     0.00000000  0.00000000    0.00000000
   B-4        2,453,000.00    4.09805%     1000.00000000      3.41504280     0.00000000  0.00000000    0.00000000
   B-5          920,000.00    4.09805%     1000.00000000      3.41504348     0.00000000  0.00000000    0.00000000
   B-6        2,762,778.00    4.09805%     1000.00000000      3.41504457     0.00000000  0.00000000    0.00000000
   A-R              100.00    4.23342%        0.00000000      0.00000000     0.00000000  0.00000000    0.00000000

<CAPTION>
                                           Remaining
                                            Unpaid
             Realized    Total Interest    Interest   Ending Certificate/
Class (5)    Loss (6)     Distribution     Shortfall  Notational Balance
----------  -----------  ---------------------------- -------------------
<S>         <C>          <C>             <C>          <C>
   A-1       0.00000000    2.59059917     0.00000000      895.96839024
   A-2       0.00000000    2.23552982     0.00000000      844.57119299
   A-3       0.00000000    2.19921494     0.00000000      814.65064077
  X-A1       0.00000000    0.64091676     0.00000000      877.78070412
  X-A2       0.00000000    0.59409790     0.00000000      814.65064077
   X-B       0.00000000    0.10895229     0.00000000     1000.00000000
   B-1       0.00000000    2.99166628     0.00000000     1000.00000000
   B-2       0.00000000    3.28333388     0.00000000     1000.00000000
   B-3       0.00000000    3.80606250     0.00000000     1000.00000000
   B-4       0.00000000    3.41504280     0.00000000     1000.00000000
   B-5       0.00000000    3.41504348     0.00000000     1000.00000000
   B-6       0.00000000    3.41504457     0.00000000     1000.00000000
   A-R       0.00000000    5.20000000     0.00000000        0.00000000
</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                         31,499,991.93
         Liquidations, Insurance Proceeds, Reserve Funds                     0.00
         Proceeds from Repurchased Loans                                     0.00
         Other Amounts (Servicer Advances)                              42,587.68
         Realized Losses (Gains, Subsequent Expenses & Recoveries)           0.00
         Prepayment Penalties                                                0.00
                                                                    -------------
Total Deposits                                                      31,542,579.61

Withdrawals
         Reimbursement for Servicer Advances                                 0.00
         Payment of Service Fee                                        179,883.11
         Payment of Interest and Principal                          31,362,696.50
                                                                    -------------
Total Withdrawals (Pool Distribution Amount)                        31,542,579.61

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                                  175,212.40
Master Servicing Fee                                   4,670.71
Supported Prepayment/Curtailment Interest Shortfall        0.00
                                                     ----------

Net Servicing Fee                                    179,883.11
                                                     ==========
</TABLE>
<PAGE>

                                 OTHER ACCOUNTS
<TABLE>
<CAPTION>
                                    Beginning    Current    Current    Ending
            Account Type             Balance   Withdrawals  Deposits   Balance
----------------------------------  ---------  -----------  --------  --------
<S>                                 <C>        <C>          <C>       <C>
Class X-A1 Pool 1 Comp. Sub Amount   3,000.00         0.00      0.00  3,000.00
Class X-A1 Pool 2 Comp. Sub Amount   3,000.00         0.00      0.00  3,000.00
Class X-A2 Sub Amount                3,000.00         0.00      0.00  3,000.00
Class X-B Sub Amount                     0.00     1,438.95  2,438.95  1,000.00
</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           31     11,460,046.61
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
              ------     -------------
                  31     11,460,046.61
</TABLE>

<TABLE>
<CAPTION>
              No. of      Principal
               Loans       Balance
             ---------    ---------
<S>          <C>          <C>
0-29 Days     0.000000%    0.000000%
30 Days       1.933874%    2.116489%
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%
              --------     --------
              1.933874%    2.116489%
</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           31     11,460,046.61
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
              ------     -------------
                  31     11,460,046.61
</TABLE>

<TABLE>
<CAPTION>
               No. of     Principal
               Loans       Balance
             ---------    ---------
<S>          <C>          <C>
0-29 Days     0.000000%    0.000000%
30 Days       1.933874%    2.116489%
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%
              --------     --------
              1.933874%    2.116489%
</TABLE>

<TABLE>
<S>                                             <C>
Current Period Class A Insufficient Funds:           0.00
Principal Balance of Contaminated Properties         0.00
Periodic Advance                                42,587.68
</TABLE>

<PAGE>

                           DELINQUENCY STATUS BY GROUP

GROUP  ONE

                                   DELINQUENT

<TABLE>
<CAPTION>
             No. of      Principal
             Loans        Balance
             ------    ------------
<C>          <C>       <C>
0-29 Days         0            0.00
30 Days          20    7,841,857.61
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
             ------    ------------
                 20    7,841,857.61
</TABLE>

<TABLE>
<CAPTION>
              No. of    Principal
              Loans      Balance
             --------   ---------
<S>          <C>        <C>
0-29 Days    0.000000%   0.000000%
30 Days      1.966568%   2.197947%
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%
             --------   ---------
             1.966568%   2.197947%
</TABLE>

                                   BANKRUPTCY

<TABLE>
<CAPTION>
             No. of      Principal
             Loans        Balance
             ------    -----------
<C>          <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
             ------    -----------
<C>          <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          20    7,841,857.61
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
            -------    ------------
                 20    7,841,857.61
</TABLE>

<TABLE>
<CAPTION>
              No. of    Principal
              Loans      Balance
             --------   ---------
<S>          <C>        <C>
0-29 Days    0.000000%   0.000000%
30 Days      1.966568%   2.197947%
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%
             --------   ---------
             1.966568%   2.197947%
</TABLE>

                                   DELINQUENT

GROUP TWO

<TABLE>
<CAPTION>
             No. of      Principal
              Loans       Balance
             ------    ------------
<S>          <C>       <C>
0-29 Days         0            0.00
30 Days          11    3,618,189.00
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
             ------    ------------
                 11    3,618,189.00
</TABLE>

<TABLE>
<CAPTION>
              No. of     Principal
               Loans      Balance
             --------    ---------
<S>          <C>         <C>
0-29 Days    0.000000%    0.000000%
30 Days      1.877133%    1.959125%
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%
             --------    ---------
             1.877133%    1.959125%
</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          11    3,618,189.00
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
             ------    ------------
                 11    3,618,189.00
</TABLE>

<TABLE>
<CAPTION>
              No. of     Principal
              Loans       Balance
             --------    ---------
<S>          <C>         <C>
0-29 Days    0.000000%    0.000000%
30 Days      1.877133%    1.959125%
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%
             --------    ---------
             1.877133%    1.959125%
</TABLE>
<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                               Fixed & Mixed Arm
----------------------                               -----------------
<S>                                                  <C>
Weighted Average Gross Coupon                                 4.480544%
Weighted Average Net Coupon                                   4.105414%
Weighted Average Pass-Through Rate                            3.371182%
Weighted Average Maturity (Stepdown Calculation)                   333

Beginning Scheduled Collateral Loan Count                        1,651
Number of Loans Paid in Full                                        48
Ending Scheduled Collateral Loan Count                           1,603

Beginning Scheduled Collateral Balance                  560,485,637.26
Ending Scheduled Collateral Balance                     541,464,591.13
Ending Actual Collateral Balance at 31-May-2005         541,464,947.63

Monthly P&I Constant                                      2,095,079.22
Special Servicing Fee                                             0.00
Prepayment Penalties                                              0.00
Realization Loss Amount                                           0.00
Cumulative Realized Loss                                          0.00

Scheduled Principal                                           2,345.59
Unscheduled Principal                                    19,018,700.54
</TABLE>

<TABLE>
<CAPTION>
     MISCELLANEOUS REPORTING
     -----------------------
<S>                                      <C>
Rapid Prepay Condition?                              NO
Underlying Certificate Balance           177,863,175.43
Underlying Certificate Interest              609,865.72
Underlying Certificate Principal           9,819,933.94
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
             GROUP                     GROUP ONE           GROUP TWO            TOTAL
             -----                     ---------           ---------            -----
<S>                                 <C>                <C>                   <C>
Collateral Description                   Mixed ARM     6 Month LIBOR ARM          Mixed ARM
Weighted Average Coupon Rate              4.392205              4.649310           4.480544
Weighted Average Net Rate                 4.017117              4.274099           4.105414

Weighted Average Maturity                      332                   336                333
Record Date                             05/31/2005            05/31/2005         05/31/2005
Principal and Interest Constant       1,348,453.31            746,625.91       2,095,079.22
Beginning Loan Count                         1,048                   603              1,651
Loans Paid in Full                              31                    17                 48
Ending Loan Count                            1,017                   586              1,603
Beginning Scheduled Balance         367,907,894.32        192,577,742.94     560,485,637.26
Ending Scheduled Balance            356,779,651.02        184,684,940.11     541,464,591.13
Scheduled Principal                       1,847.69                497.90           2,345.59
Unscheduled Principal                11,126,395.61          7,892,304.93      19,018,700.54
Scheduled Interest                    1,346,605.62            746,128.01       2,092,733.63
Servicing Fee                           114,998.07             60,214.33         175,212.40
Master Servicing Fee                      3,065.90              1,604.81           4,670.71
Trustee Fee                                   0.00                  0.00               0.00
FRY Amount                                    0.00                  0.00               0.00
Special Hazard Fee                            0.00                  0.00               0.00
Other Fee                                     0.00                  0.00               0.00
Pool Insurance Fee                            0.00                  0.00               0.00
Spread 1                                      0.00                  0.00               0.00
Spread 2                                      0.00                  0.00               0.00
Spread 3                                      0.00                  0.00               0.00
Net Interest                          1,228,541.65            684,308.87       1,912,850.52
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

One Month Libor Loan Balance        191,808,845.75
Six Month Libor Loan Balance        164,970,805.27
Principal Transfer Amount                     0.00
Interest Transfer Amount                      0.00
Pro Rata Senior Percent                  95.690574%
Senior Percent                          100.000000%
Senior Prepayment Percent               100.000000%
Subordinate Percent                       0.000000%
Subordinate Prepayment Percent            0.000000%

Group Two

Principal Transfer Amount                     0.00
Interest Transfer Amount                      0.00
Pro Rata Senior Percent                  95.491140%
Senior Percent                          100.000000%
Senior Prepayment Percent               100.000000%
Subordinate Percent                       0.000000%
Subordinate Prepayment Percent            0.000000%
</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 2005-1
                            RECORD DATE: MAY 31, 2005
                        DISTRIBUTION DATE: JUNE 20, 2005

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                 Certificate  Certificate                                                Current      Ending
                     Class   Pass-Through        Beginning        Interest    Principal  Realized   Certificate     Total
 Class  CUSIP    Description    Rate       Certificate Balance Distribution Distribution  Loss       Balance     Distribution
------ --------- ----------- ------------  ------------------- ------------ ------------ -------- -------------- -------------
<S>    <C>       <C>         <C>           <C>                 <C>          <C>          <C>      <C>            <C>
   A-1 81744FGM#      SEN         3.32000%      272,594,430.63   754,177.92 7,741,486.20     0.00 264,852,944.43  8,495,664.12
   A-2 81744FGN1      SEN         3.16875%       94,573,974.41   249,734.40 1,364,414.52     0.00  93,209,559.89  1,614,148.92
   X-A 81744FGP6      IO          0.58249%                0.00   178,225.33         0.00     0.00           0.00    178,225.33
   X-B 81744FGS0      IO          0.20717%                0.00     1,343.77         0.00     0.00           0.00      1,343.77
   B-1 81744FGQ4      SUB         3.51000%        7,067,000.00    20,670.98         0.00     0.00   7,067,000.00     20,670.98
   B-2 81744FGR2      SUB         3.79000%        3,949,000.00    12,472.26         0.00     0.00   3,949,000.00     12,472.26
   B-3 81744FGU5      SUB         4.34000%        2,495,000.00     9,023.58         0.00     0.00   2,495,000.00      9,023.58
   B-4 81744FGV3      SUB         3.86446%        1,455,000.00     4,685.66         0.00     0.00   1,455,000.00      4,685.66
   B-5 81744FGW1      SUB         3.86446%          831,000.00     2,676.14         0.00     0.00     831,000.00      2,676.14
   B-6 81744FGX9      SUB         3.86446%        1,871,544.03     6,027.09         0.00     0.00   1,871,544.03      6,027.09
   A-R 81744FGT8      RES         3.91310%                0.00         0.35         0.00     0.00           0.00          0.35
                                           ------------------- ------------ ------------ -------- -------------- -------------
Totals                                          384,836,949.07 1,239,037.48 9,105,900.72     0.00 375,731,048.35 10,344,938.20
                                           ------------------- ------------ ------------ -------- -------------- -------------

<CAPTION>
      Cumulative
 Class Realized Loss
------ -------------
<S>    <C>
   A-1     0.00
   A-2     0.00
   X-A     0.00
   X-B     0.00
   B-1     0.00
   B-2     0.00
   B-3     0.00
   B-4     0.00
   B-5     0.00
   B-6     0.00
   A-R     0.00
           ----
Totals     0.00
           ----
</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-1  298,055,000.00 272,594,430.63    0.00      7,741,486.20   0.00      0.00      7,741,486.20     264,852,944.43
   A-2  100,000,000.00  94,573,974.41    0.00      1,364,414.52   0.00      0.00      1,364,414.52      93,209,559.89
   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
   B-1    7,067,000.00   7,067,000.00    0.00              0.00   0.00      0.00              0.00       7,067,000.00
   B-2    3,949,000.00   3,949,000.00    0.00              0.00   0.00      0.00              0.00       3,949,000.00
   B-3    2,495,000.00   2,495,000.00    0.00              0.00   0.00      0.00              0.00       2,495,000.00
   B-4    1,455,000.00   1,455,000.00    0.00              0.00   0.00      0.00              0.00       1,455,000.00
   B-5      831,000.00     831,000.00    0.00              0.00   0.00      0.00              0.00         831,000.00
   B-6    1,871,544.03   1,871,544.03    0.00              0.00   0.00      0.00              0.00       1,871,544.03
   A-R          100.00           0.00    0.00              0.00   0.00      0.00              0.00               0.00
        -------------- --------------    ----      ------------   ----      ----   --------------- ------------------
Totals  415,723,644.03 384,836,949.07    0.00      9,105,900.72   0.00      0.00      9,105,900.72     375,731,048.35
        -------------- --------------    ----      ------------   ----      ----   --------------- ------------------

<CAPTION>
        Ending Certificate Total Principal
 Class      Percentage      Distribution
------  ------------------ ---------------
<S>     <C>                <C>
   A-1          0.88860427    7,741,486.20
   A-2          0.93209560    1,364,414.52
   X-A          0.00000000            0.00
   X-B          0.00000000            0.00
   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
   A-R          0.00000000            0.00
        ------------------ ---------------
Totals          0.90380005    9,105,900.72
        ------------------ ---------------
</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                                                           Ending
       Original Face   Certificate   Principal     Principal              Realized  Total Principal Ending Certificate Certificate
Class     Amount         Balance    Distribution Distribution Accretion   Loss (3)     Reduction          Balance      Percentage
-----  -------------- ------------- ------------ ------------ ---------- ---------- --------------- ------------------ -----------
<S>    <C>            <C>           <C>          <C>          <C>        <C>        <C>             <C>                <C>
 A-1   298,055,000.00  914.57761363   0.00000000  25.97334787 0.00000000 0.00000000     25.97334787       888.60426576  0.88860427
 A-2   100,000,000.00  945.73974410   0.00000000  13.64414520 0.00000000 0.00000000     13.64414520       932.09559890  0.93209560
 X-A             0.00    0.00000000   0.00000000   0.00000000 0.00000000 0.00000000      0.00000000         0.00000000  0.00000000
 X-B             0.00    0.00000000   0.00000000   0.00000000 0.00000000 0.00000000      0.00000000         0.00000000  0.00000000
 B-1     7,067,000.00    0.00000000   0.00000000   0.00000000 0.00000000 0.00000000      0.00000000      1000.00000000  1.00000000
 B-2     3,949,000.00    0.00000000   0.00000000   0.00000000 0.00000000 0.00000000      0.00000000      1000.00000000  1.00000000
 B-3     2,495,000.00 1000.00000000   0.00000000   0.00000000 0.00000000 0.00000000      0.00000000      1000.00000000  1.00000000
 B-4     1,455,000.00 1000.00000000   0.00000000   0.00000000 0.00000000 0.00000000      0.00000000      1000.00000000  1.00000000
 B-5       831,000.00 1000.00000000   0.00000000   0.00000000 0.00000000 0.00000000      0.00000000      1000.00000000  1.00000000
 B-6     1,871,544.03 1000.00000000   0.00000000   0.00000000 0.00000000 0.00000000      0.00000000      1000.00000000  1.00000000
 A-R           100.00    0.00000000   0.00000000   0.00000000 0.00000000 0.00000000      0.00000000         0.00000000  0.00000000

<CAPTION>
       Total Principal
Class    Distribution
-----  ---------------
<S>    <C>
 A-1       25.97334787
 A-2       13.64414520
 X-A        0.00000000
 X-B        0.00000000
 B-1        0.00000000
 B-2        0.00000000
 B-3        0.00000000
 B-4        0.00000000
 B-5        0.00000000
 B-6        0.00000000
 A-R        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 Realized  Total Interest
 Class     Amount      Certificate Rate     Balance      Interest   Shortfall  Shortfall Shortfall Loss (4)   Distribution
------  -------------- ---------------- -------------- ------------ ---------- --------- --------- -------- ---------------
<S>     <C>            <C>              <C>            <C>          <C>        <C>       <C>       <C>      <C>
  A-1   298,055,000.00     3.32000%     272,594,430.63   754,177.92   0.00       0.00      0.00      0.00        754,177.92
  A-2   100,000,000.00     3.16875%      94,573,974.41   249,734.40   0.00       0.00      0.00      0.00        249,734.40
  X-A             0.00     0.58249%     367,168,405.04   178,225.33   0.00       0.00      0.00      0.00        178,225.33
  X-B             0.00     0.20717%      13,511,000.00     2,332.50   0.00       0.00      0.00      0.00          1,343.77
  B-1     7,067,000.00     3.51000%       7,067,000.00    20,670.98   0.00       0.00      0.00      0.00         20,670.98
  B-2     3,949,000.00     3.79000%       3,949,000.00    12,472.26   0.00       0.00      0.00      0.00         12,472.26
  B-3     2,495,000.00     4.34000%       2,495,000.00     9,023.58   0.00       0.00      0.00      0.00          9,023.58
  B-4     1,455,000.00     3.86446%       1,455,000.00     4,685.66   0.00       0.00      0.00      0.00          4,685.66
  B-5       831,000.00     3.86446%         831,000.00     2,676.14   0.00       0.00      0.00      0.00          2,676.14
  B-6     1,871,544.03     3.86446%       1,871,544.03     6,027.09   0.00       0.00      0.00      0.00          6,027.09
  A-R           100.00     3.91310%               0.00         0.00   0.00       0.00      0.00      0.00              0.35
        --------------                                 ------------   ----       ----      ----      ----   ---------------
Totals  415,723,644.03                                 1,240,025.86   0.00       0.00      0.00      0.00      1,239,037.48
        --------------                                 ------------   ----       ----      ----      ----   ---------------

<CAPTION>
        Remaining     Ending
         Unpaid    Certificate/
        Interest    Notational
 Class  Shortfall    Balance
------  --------- --------------
<S>     <C>       <C>
  A-1      0.00   264,852,944.43
  A-2      0.00    93,209,559.89
  X-A      0.00   358,062.504.32
  X-B      0.00    13,511,000.00
  B-1      0.00     7,067,000.00
  B-2      0.00     3,949,000.00
  B-3      0.00     2,495,000.00
  B-4      0.00     1,455,000.00
  B-5      0.00       831,000.00
  B-6      0.00     1,871,544.03
  A-R      0.00             0.00
           ----
Totals     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                 Non-                               Remaining
                        Current       Beginning     Current   of Unpaid   Current    Supported                             Unpaid
Class  Original Face  Certificate   Certificate/    Accrued    Interest  Interest     Interest   Realized  Total Interest  Interest
 (5)      Amount          Rate    Notional Balance  Interest  Shortfall  Shortfall   Shortfall   Loss (6)   Distribution  Shortfall
-----  -------------- ----------- ---------------- ---------- ---------- ----------  ---------- ---------- -------------- ----------
<S>    <C>            <C>         <C>              <C>        <C>        <C>         <C>        <C>        <C>            <C>
 A-1   298,055,000.00   3.32000%      914.57761363 2.53033138 0.00000000 0.00000000  0.00000000 0.00000000     2.53033138 0.00000000
 A-2   100,000,000.00   3.16875%      945.73974410 2.49734400 0.00000000 0.00000000  0.00000000 0.00000000     2.49734400 0.00000000
 X-A             0.00   0.58249%      922.40621281 0.44774046 0.00000000 0.00000000  0.00000000 0.00000000     0.44774046 0.00000000
 X-B             0.00   0.20717%     1000.00000000 0.17263711 0.00000000 0.00000000  0.00000000 0.00000000     0.09945748 0.00000000
 B-1     7,067,000.00   3.51000%     1000.00000000 2.92500071 0.00000000 0.00000000  0.00000000 0.00000000     2.92500071 0.00000000
 B-2     3,949,000.00   3.79000%     1000.00000000 3.15833376 0.00000000 0.00000000  0.00000000 0.00000000     3.15833376 0.00000000
 B-3     2,495,000.00   4.34000%     1000.00000000 3.61666533 0.00000000 0.00000000  0.00000000 0.00000000     3.61666533 0.00000000
 B-4     1,455,000.00   3.86446%     1000.00000000 3.22038448 0.00000000 0.00000000  0.00000000 0.00000000     3.22038488 0.00000000
 B-5       831,000.00   3.86446%     1000.00000000 3.22038508 0.00000000 0.00000000  0.00000000 0.00000000     3.22038508 0.00000000
 B-6     1,871,544.03   3.86446%     1000.00000000 3.22038376 0.00000000 0.00000000  0.00000000 0.00000000     3.22038376 0.00000000
 A-R           100.00   3.91310%        0.00000000 0.00000000 0.00000000 0.00000000  0.00000000 0.00000000     3.50000000 0.00000000

<CAPTION>
Class  Ending Certificate/
 (5)   Notational Balance
-----  -------------------
<S>    <C>
 A-1          888.60426576
 A-2          932.09559890
 X-A          899.53022653
 X-B         1000.00000000
 B-1         1000.00000000
 B-2         1000.00000000
 B-3         1000.00000000
 B-4         1000.00000000
 B-5         1000.00000000
 B-6         1000.00000000
 A-R            0.00000000
</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                                   10,452,757.43
           Liquidations, Insurance Proceeds, Reserve Funds                               0.00
           Proceeds from Repurchased Loans                                               0.00
           Other Amounts (Servicer Advances)                                        16,519.40
           Realized Losses (Gains, Subsequent Expenses & Recoveries)                     0.00
           Prepayment Penalties                                                          0.00
                                                                                -------------
Total Deposits                                                                  10,469,276.83

Withdrawals
           Reimbursement for Servicer Advances                                           0.00
           Payment of Service Fee                                                  124,338.63
           Payment of Interest and Principal                                    10,344,938.20
                                                                                -------------
Total Withdrawals (Pool Distribution Amount)                                    10,469,276.83

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

<PAGE>

                    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                                                                120,329.91
Master Servicing Fee                                                                 4,008.72
Supported Prepayment/Curtailment Interest Shortfall                                      0.00
                                                                                   ----------

Net Servicing Fee                                                                  124,338.63
                                                                                   ==========
</TABLE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                             Beginning      Current       Current      Ending
      Account Type            Balance     Withdrawals     Deposits     Balance
-----------------------      ---------    -----------     --------    --------
<S>                          <C>          <C>             <C>         <C>
X-A Pool 1 Reserve Fund       4,500.00        0.00           0.00     4,500.00
X-A Pool 2 Reserve Fund       4,500.00        0.00           0.00     4,500.00
X-B Reserve Fund              1,000.00      988.73         988.73     1,000.00
</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            15   5,299,198.29
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
             --------   ------------
                   15   5,299,198.29
</TABLE>

<TABLE>
<CAPTION>
              No. of      Principal
               Loans       Balance
             --------   ------------
<S>          <C>        <C>
0-29 Days    0.000000%      0.000000%
30 Days      1.341682%      1.410369%
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%
             --------   ------------
             1.341682%      1.410369%
</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                 15       5,299,198.29
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
                  --------     --------------
                        15       5,299,198.29
</TABLE>

<TABLE>
<CAPTION>
                   No. of         Principal
                    Loans          Balance
                  --------     --------------
<S>               <C>          <C>
0-29 Days         0.000000%          0.000000%
30 Days           1.341682%          1.410369%
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%
                  --------     --------------
                  1.341682%          1.410369%
</TABLE>

<TABLE>
<S>                                         <C>   <C>                                           <C>   <C>               <C>
Current Period Class A Insufficient Funds:  0.00  Principal Balance of Contaminated Properties  0.00  Periodic Advance  16,519.40
</TABLE>

<TABLE>
<CAPTION>
              Original $      Original%    Current $       Current %   Current Class %  Prepayment %
             -------------   ----------   -------------   ----------   ---------------  ------------
<S>          <C>             <C>          <C>             <C>          <C>              <C>
Class A      17,668,544.03   4.25006956%  17,668,544.03   4.70244450%     95.297555%        0.000000%
Class B-1    10,601,544.03   2.55014219%  10,601,544.03   2.82157785%      1.880867%       39.997636%
Class B-2     6,652,544.03   1.60023230%   6,652,544.03   1.77056010%      1.051018%       22.350455%
Class B-3     4,157,544.03   1.00007399%   4,157,544.03   1.10542129%      0.664039%       14.121141%
Class B-4     2,702,544.03   0.65008187%   2,702,544.03   0.71927621%      0.387245%        8.234974%
Class B-5     1,871,544.03   0.45018946%   1,871,544.03   0.49810737%      0.221169%        4.703274%
Class B-6             0.00   0.00000000%           0.00   0.00000000%      0.498107%       10.592520%
</TABLE>

Please refer to the prospectus supplement for a full description of loss
exposure

<PAGE>

                           DELINQUENCY STATUS BY GROUP

GROUP ONE

                                   DELINQUENT
<TABLE>
<CAPTION>
                    No. of         Principal
                    Loans           Balance
                    -----           -------
<S>               <C>             <C>
0-29 Days                0                0.00
30 Days                 11        3,139,198.29
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
                  --------        ------------
                        11        3,139,198.29
</TABLE>

<TABLE>
<CAPTION>
                    No. of         Principal
                    Loans           Balance
                    -----           -------
<S>               <C>             <C>
0-29 Days         0.000000%           0.000000%
30 Days           1.330109%           1.128870%
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%
                  --------        ------------
                  1.330109%           1.128870%
</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                 11        3,139,198.29
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
                  --------        ------------
                        11        3,139,198.29
</TABLE>

<TABLE>
<CAPTION>

                    No. of           Principal
                    Loans             Balance
                    -----             -------
<S>               <C>                <C>
0-29 Days         0.000000%           0.000000%
30 Days           1.330109%           1.128870%
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%
                  --------        ------------
                  1.330109%           1.128870%
</TABLE>

GROUP TWO

                                   DELINQUENT

<TABLE>
<CAPTION>
                   No. of          Principal
                    Loans           Balance
                    -----           -------
<S>               <C>            <C>
0-29 Days                0               0.00
30 Days                  4       2,160,000.00
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
                  --------       ------------
                         4       2,160,000.00
</TABLE>

<TABLE>
<CAPTION>
                   No. of          Principal
                    Loans           Balance
                    -----           -------
<S>               <C>              <C>
0-29 Days         0.000000%          0.000000%
30 Days           1.374570%          2.212020%
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%
                  --------       ------------
                  1.374570%          2.212020%
</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                  4       2,160,000.00
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
                  --------       ------------
                         4       2,160,000.00
</TABLE>

<TABLE>
<CAPTION>
                   No. of          Principal
                    Loans           Balance
                    -----           -------
<S>               <C>            <C>
0-29 Days         0.000000%          0.000000%
30 Days           1.374570%          2.212020%
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%
                  --------       ------------
                  1.374570%          2.212020%
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                             Mixed ARM
<S>                                                              <C>
Weighted Average Gross Coupon                                          4.251284%
Weighted Average Net Coupon                                            3.876071%
Weighted Average Pass-Through Rate                                     3.863571%
Weighted Average Maturity (Stepdown Calculation)                            331

Beginning Scheduled Collateral Loan Count                                 1,140
Number of Loans Paid in Full                                                 22
Ending Scheduled Collateral Loan Count                                    1,118

Beginning Scheduled Collateral Balance                           384,836,949.07
Ending Scheduled Collateral Balance                              375,731,048.35
Ending Actual Collateral Balance at 31-May-2005                  375,731,438.64

Monthly P&I Constant                                               1,363,376.00
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                            10,287,049.65

Scheduled Principal                                                        0.00
Unscheduled Principal                                              9,105,900.72
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                          <C>
Pro Rata Senior Percent      95.408823%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                GROUP                     POOL ONE           POOL TWO              TOTAL
<S>                                    <C>               <C>                 <C>
Collateral Description                      Mixed ARM    6 Month LIBOR ARM        Mixed ARM
Weighted Average Coupon Rate                 4.288939             4.412585         4.251284
Weighted Average Net Rate                    3.913797             3.767165         3.876071
Pass-Through Rate                            3.901297             3.754666         3.863571
Weighted Average Maturity                         330                  335              331
Record Date                                05/31/2005           05/31/2005       05/31/2005
Principal and Interest Constant          1,021,568.85           341,807.15     1,363,376.00
Beginning Loan Count                              844                  296            1,140
Loans Paid in Full                                 17                    5               22
Ending Loan Count                                 827                  291            1,118
Beginning Scheduled Balance            285,824,236.61        99,012,712.46   384,836,949.07
Ending Scheduled Balance               278,082,750.41        97,648,297.94   375,731,048.35
Scheduled Principal                              0.00                 0.00             0.00
Unscheduled Principal                    7,741,486.20         1,364,414.52     9,105,900.72
Scheduled Interest                       1,021,568.85           341,807.15     1,363,376.00
Servicing Fee                               89,353.82            30,976.09       120,329.91
Master Servicing Fee                         2,977.34             1,031.38         4,008.72
Trustee Fee                                      0.00                 0.00             0.00
FRY Amount                                       0.00                 0.00             0.00
Special Hazard Fee                               0.00                 0.00             0.00
Other Fee                                        0.00                 0.00             0.00
Pool Insurance Fee                               0.00                 0.00             0.00
Spread 1                                         0.00                 0.00             0.00
Spread 2                                         0.00                 0.00             0.00
Spread 3                                         0.00                 0.00             0.00
Net Interest                               929,237.69           307,799.68     1,239,037.37
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 Pool One
One Month Libor Loan Balance                       144,609,726.63
Six Month Libor Loan Balance                       133,473,023.78
Senior Percent                                         100.000000%
Senior Prepayment Percent                              100.000000%
Subordinate Percent                                      0.000000%
Subordinate Prepayment Percent                           0.000000%
Principal Transfer Amount                                    0.00
Interest Transfer Amount                                     0.00

Group Pool Two
Senior Percent                                         100.000000%
Senior Prepayment Percent                              100.000000%
Subordinate Percent                                      0.000000%
Subordinate Prepayment Percent                           0.000000%
Principal Transfer Amount                                    0.00
Interest Transfer Amount                                     0.00
</TABLE>

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